Markets

Tijaria Polypipes Announces Financial Results for Quarter Ended March 31, 2026; Highlights Operational Challenges Tijaria Polypipes Limited has announced its audited standalone financial results and related statements for the quarter ended March 31, 2026, along with the Cash Flow Statement and a statement on the impact of audit qualifications. The company's results reflect ongoing operational challenges and significant debt concerns.Quarterly Financial Performance The financial results for the quarter ending March 31, 2026, show negative profitability for the company. Key figures across various reporting periods are provided below:ParticularsQuarter Ended Audited 31.03.2026Quarter Ended Un-audited 31.12.2025Quarter Ended Audited...

RHI Magnesita and Khemka Form Joint Venture to Establish Greenfield Refractory Recycling Facility in Odisha RHI Magnesita, a leading manufacturer of high-grade refractory products, has announced a strategic joint venture (JV) with Khemka Refractories Pvt. Ltd., a renowned refractory raw material manufacturer. The collaboration aims to accelerate circular economy objectives and establish a greenfield refractory recycling facility in the state of Odisha, India.The new JV is set up to create an integrated recycling supply chain by focusing on the recovery, processing, and reuse of spent refractory materials. Strategically located near India's major industrial manufacturers and steel production centers, the facility will boost the...

Magnus Steel and Infra Ltd Recognizes Revenue from Brokerage Services in Transaction Facilitation Magnus Steel and Infra Limited has booked commission income following the facilitation of a purchase and sale transaction for assets, demonstrating expansion into management consulting and specialized services. The company earned significant brokerage charges by rendering transaction facilitation services to M/s Shun Shing India Pvt. Ltd.The revenue stream relates to the brokering and commission services provided in relation to an underlying transaction valued at Rs. 60,00,00,000/- (Rupees Sixty Crore Only). The transaction was facilitated for the purchase and sale of assets between Magnus Steel and Infra Limited and M/s Shun Shing India...

Ace Integrated Solutions Recommends Re-appointment of CEO and Senior Independent Director The Board of Directors of Ace Integrated Solutions Limited has recommended the re-appointment of key leadership figures, including Mr. Chandra Shekhar Verma as Chairman & Managing Director, and Mr. Kumar Vishwajeet Singh as a Non-Executive Independent Director. The decisions were made during the Board meeting held on June 25, 2026, and are subject to shareholder approval.The Board recommended re-appointing Mr. Chandra Shekhar Verma as Chairman & Managing Director for a period of five consecutive years, effective from June 30, 2026, until June 29, 2031. This decision followed recommendations from the Nomination and Remuneration Committee and the...

Promoter Acquires Shares in Medico Intercontinental Ltd through Open Market Purchase Medico Intercontinental Limited stock movement saw a notable acquisition by promoter Samir Dilipkumar Shah during June 2026. Mr. Shah purchased Equity Shares of the company via the open market over a period spanning from June 3, 2026, to June 24, 2026.The acquisition details show that Mr. Shah acquired 1,36,886 Equity Shares, which constituted 1.37% of the total share and voting capital of Medico Intercontinental Limited (MIL). The company's equity share capital/total voting capital was reported as 10,00,00,000 both before and after the purchase transaction.As a promoter, Mr. Shah’s holding increased following the open market purchase. Prior to the...

Ramesh Sawalram Saraogi Sells 2.02% Stake in Pro Fin Capital Services Ltd Ramesh Sawalram Saraogi has sold a portion of his shares in Pro Fin Capital Services Ltd., representing a reduction in his stake as of June 24, 2026.The sale was conducted through the open market and involved Ramesh Sawalram Saraogi and M/s Navratri Share Trading Private Limited (PAC) as the selling parties.Details of the share transaction are as follows:MetricDetailsTarget CompanyPro Fin Capital Services LtdSeller(s)Ramesh Sawalram Saraogi and M/s Navratri Share Trading Private Limited (PAC)Mode of SaleOpen MarketDate of SaleJune 24, 2026Prior to the transaction, Ramesh Sawalram Saraogi held a stake representing 1,20,00,000 shares, which...

Steelcast Ltd Clarifies Market: No Material Information Cited Regarding Increased Share Volume Steelcast Ltd has provided clarification regarding the significant increase in the trading volume of its shares across exchanges. The company stated that it possesses no non-public information or impending announcements that would have a bearing on the heightened share volume.The company confirmed that, as far as it is aware, there is no specific information that explains the surge in the volume of Steelcast Ltd shares. Despite this clarification, the company reaffirmed its commitment to timely disclosure.Steelcast Ltd stated that it has consistently provided material updates and will continue to disseminate any price sensitive information...

Gaudium IVF and Women Health Ltd Approves Setup of Women Hospital in Lucknow Gaudium IVF and Women Health Ltd, formerly known as Gaudium IVF and Women Health Private Limited, announced that its Board of Directors has approved the establishment, development, operation, and management of 'Gaudium Women Hospital, Lucknow.' This decision was made following a meeting held on June 25, 2026.The hospital will be established in Lucknow, Uttar Pradesh, through a long-term arrangement with the property owner, Mrs. Abhilasha Singh and M/s. Abhilasha Enterprises. The parties involved in this agreement are not related to the company's promoter or promoter group.Key Terms of the Land Lease Agreement The partnership structure for establishing...

RITES Ltd Board Approves Investment in UAE Joint Venture with NICC Infrastructure Construction LLC RITES Ltd has approved the formation and capital investment into a proposed joint venture company. The decision was made by the Board of Directors during a meeting held on June 25, 2026.The new venture will be established as a Limited Liability Company (LLC) in the United Arab Emirates (UAE). RITES Ltd will partner with NICC Infrastructure Construction LLC for this joint venture.RITES Stock Price Movement RITES Limited closed the trading day slightly higher after gaining 0.2%, settling at ₹208.68 today. The stock saw robust activity in the session, with a total traded volume reaching 879,879 shares.

Nidhi Granites Promoters Acquire Equity Shares Through Open Market Purchase Nidhi Granites Ltd has reported that its promoters have acquired equity shares of the company through open market purchases. The transactions involve key members of the management team increasing their stake in the company.The acquisition details include three individuals from the management structure. According to the records, Mr. Darpan Shah, who holds the position of Managing Director, purchased 100 equity shares. Mrs. Kavita Shah, serving as the Chief Financial Officer, also acquired 100 equity shares. Additionally, Mrs. Shreya Pandya, a Director, completed the open market purchase of 100 equity shares.The acquisition details are summarized below...

Elgi Rubber Company Sells Non-Core Land in Coimbatore for Rs 43.5 Crores Elgi Rubber Company Limited has completed the sale of a non-core land property, along with its associated building and fittings, located in Trichy Road, Coimbatore. The sale deed was executed on June 25, 2026, to an unrelated third party buyer, Mr. Senthilnathan of Salem.The sold property is part of the company's larger holding and consists of 75 cents and 37 sq.ft out of a total area of 7.24 acres in Coimbatore.According to the transaction details, the total sale consideration received from the buyer amounted to Rs 43,50,00,000/- (Rupees Forty Three Crores and Fifty Lakhs only).The land property was sold to Mr. Senthilnathan, an individual buyer who is not...

RNFI Services Limited Board Approves Acquisition of Ambition Services Private Limited for Strategic Expansion RNFI Services Limited has approved the acquisition of up to 75% of the paid-up share capital in Ambition Services Private Limited. This strategic move aims to expand RNFI's business network, enhance distribution capabilities, and strengthen its presence within financial inclusion and lending businesses.The Board of Directors authorized the acquisition of a stake in Ambition Services Private Limited through a combination of a Fresh Issue of Shares and Share Transfer. The transaction is set to be completed within 18 months from the date of the Board Meeting. Following this acquisition, Ambition Services Private Limited will...

MODISON LIMITED Fixes Record Date for Final Dividend of Rs 3 Per Share MODISON LIMITED has announced the record date for the payment of its final dividend for the financial year 2025-26, stating that shareholders must meet specific criteria to be eligible for the distribution.The company has fixed Tuesday, July 14, 2026, as the Record Date. This date is designated for determining the eligibility of members entitled to receive the Final Dividend.The dividend stands at Rs 3 per equity share of face value Rs 1 each, covering the financial year 2025-26. The distribution of this final dividend remains subject to approval by the members during the forthcoming Annual General Meeting (AGM) of MODISON LIMITED.If the Final Dividend is...

Mahindra Lifespace Approves Incorporation of Two New Subsidiaries Mahindra Lifespace Developers Ltd has approved the incorporation of two new subsidiaries, which will be set up as public limited companies. The approval was granted by the company's Committee for Investment/Land Appraisal during a meeting held on June 25, 2026.The subsidiaries are being proposed for incorporation under names that will be finalized and made available through the Registrar of Companies. Following the incorporation process, Mahindra Lifespace Developers Limited intends to subscribe to 100% of the paid-up share capital in both proposed entities.This move allows the company to establish the new operational units while maintaining full ownership control...

Polycab India Receives ITAT Order Upholding Relief on Income Tax Assessments Polycab India Limited has received an order from the Income Tax Appellate Tribunal (ITAT) regarding assessments made by the Income Tax Authority. The ITAT dismissed the appeal filed by the Income Tax Department, thereby upholding the relief granted previously by the CIT(A), and the company confirmed that it does not expect any adverse impact on its financials or operations resulting from the order.The ITAT Order pertains to Section 254 of the Income Tax Act, 1961, covering Assessment Years ranging from 2015-16 to 2023-24, which correspond to Financial Years 2014-15 to 2022-23.The matter arose following earlier intimations regarding the assessment order(s)...

Winsome Textile Industries Ltd has approved a comprehensive plan for expanding its Dye House and modernizing its spinning machinery, aiming to significantly boost production capacity and enhance environmental sustainability. The project was sanctioned by the Board of Directors following a meeting held on June 25, 2026.The planned expansion encompasses an overall upgrade of the textile operations. Key components include modernizing spinning facilities through the installation or upgrading of specialized machinery and equipment, expanding Dye House capacity, and reinforcing the company’s environmental infrastructure. The investment also covers augmenting effluent recycling capabilities, upgrading the existing Effluent Treatment Plant...

Waterways Leisure IPO Hits Strong Subscription Mark: Check How Much the Tourism Debut Is Worth The initial public offering (IPO) of Waterways Leisure, a company operating in the leisure and tourism sector, has achieved a solid subscription level after three days of trading. The listing event signals continued investor interest in niche travel and cruise operations.IPO Reaches 1.36 Times Subscription on Day Three As per data gathered from the NSE, the Waterways Leisure IPO saw significant traction, reaching a total subscription rate of 1.36 times by the close of the sale process. The company was offering a total of 41.84 lakh shares to the market. This response indicates that demand for the stock is exceeding its current offering size...

China-Backed Hybrid Venture Surges into India, Securing $370 Million Investment Amid Global FDI Shift A major manufacturing breakthrough is set as Horse Powertrain Ltd., a hybrid-engine venture backed by China’s Zhejiang Geely Holding Group Co., prepares to invest approximately $370 million in Indian operations. This deal marks one of the largest manufacturing investments from a Chinese-linked entity in recent years, signaling renewed confidence in India's industrial ecosystem.The investment will allow Horse Powertrain to integrate advanced hybrid powertrains and engines into the French carmaker’s existing production infrastructure in India. The move aligns with market efforts by global automakers seeking stable domestic supply chains...

Ms. Shefali Kesarwani Resigns as Independent Director of Fruition Venture Ltd Fruition Venture Ltd has announced the resignation of Ms. Shefali Kesarwani, a Non-Executive Independent Director, with effect from June 25, 2026.The company confirmed that Ms. Kesarwani tendered her resignation due to personal reasons and other commitments.Ms. Shefali Kesarwani’s departure includes relinquishing all roles as an Independent Director across the Company, including relevant Board Committees. The firm expressed appreciation for the services rendered by Ms. Kesarwani during her tenure.The details regarding the director's affiliations before her resignation are summarized below:AffiliationRole at Fruition Venture Ltd (FVL)Status Change...

Alibaba Sues Pentagon Over Designation as US Tech Scrutiny Intensifies Chinese technology giant Alibaba has initiated a major lawsuit against the US Department of Defense (DoD). The company is seeking removal from the DoD's critical list, which designates entities affiliated with China’s military and defence industrial base.The designation, first announced on June 8, places significant reputational costs on companies listed. It prevents these entities from securing certain US defence contracts. Alibaba filed its petition in the San Jose division of the US District Court for the Northern District of California this week.Grounds of Lawsuit: Challenging Pentagon’s Designation Alibaba contends that the DoD's decision lacks both "basis...