Latest Announcements

Greaves Cotton Ltd has incorporated Greaves International Trading FZE, a wholly-owned subsidiary, in Dubai, United Arab Emirates, effective June 18, 2026. This new entity will primarily focus on international trading and distribution of the company's products and services. The strategic move aims to strengthen Greaves Cotton's global market presence, optimize its international supply chain, and drive business growth in overseas markets.

Greaves Cotton Ltd has announced the incorporation of Greaves International Trading FZE (GITFZE) as a Wholly Owned Subsidiary in Dubai, UAE, effective June 18, 2026. This strategic move aims to engage in international trading and distribution of the company's products and services. The primary objectives are to strengthen Greaves Cotton's global market presence, optimize its international supply chain, and drive business growth in overseas markets.

Sharika Enterprises Ltd. has announced plans to raise funds aggregating approximately Rs. 27.20 Crores through a preferential issue. This includes issuing up to 1,51,49,079 equity shares at Rs. 14.33 each to non-promoter investors (Rs. 21.70 Crores) and up to 38,38,102 convertible warrants at Rs. 14.33 each to promoter and non-promoter investors (Rs. 5.50 Crores). The proposal is subject to approval from shareholders at an Extra Ordinary General Meeting scheduled for July 17, 2026.

Sharika Enterprises Ltd. announced its Board's approval for a preferential issue of up to 1,51,49,079 equity shares to certain non-promoter investors and up to 38,38,102 convertible warrants to promoter and non-promoter investors. The total fundraise, priced at Rs. 14.33 per share/warrant, aggregates approximately Rs. 27.21 Crores. The company will convene an Extra Ordinary General Meeting on July 17, 2026, to seek shareholder approval for these issues, which aim to raise capital in compliance with SEBI ICDR Regulations.

Religare Enterprises Ltd (REL) announced that the Reserve Bank of India (RBI) has approved the appointment of Mr. Srinivasan Karthik as a director of Religare Finvest Limited (RFL), a material subsidiary. This RBI approval, dated June 23, 2026, facilitates his appointment as Managing Director of RFL, in addition to his existing role as CEO, subject to the approval of RFL's shareholders. This follows an earlier announcement regarding his initial appointment as CEO and proposed MD.

Sharika Enterprises Ltd's Board approved raising approximately Rs. 27.21 crore through a preferential issue. This comprises issuing 1,51,49,079 equity shares at Rs. 14.33 each to non-promoter investors, aggregating Rs. 21.71 crore. Additionally, 38,38,102 convertible warrants, also priced at Rs. 14.33 each, will be issued to both promoter and non-promoter investors, raising Rs. 5.50 crore. The fundraise is contingent upon obtaining necessary regulatory and shareholder approvals at an Extra Ordinary General Meeting scheduled for July 17, 2026.

Sharika Enterprises Ltd's Board approved raising funds up to Rs. 21.71 crore by issuing 1.51 crore equity shares on a preferential basis to non-promoter investors at Rs. 14.33 per share. Additionally, the Board approved raising up to Rs. 5.50 crore through a preferential issue of 38.38 lakh share warrants, convertible into equity shares, to promoter and non-promoter investors at the same price. Both proposals are subject to regulatory approvals and shareholder consent at an Extraordinary General Meeting scheduled for July 17, 2026.

REC Ltd has announced that its Board of Directors will convene on June 28, 2026, to consider and potentially approve a scheme of merger with Power Finance Corporation Limited (PFC) and their respective shareholders and creditors. This move signals a significant consolidation event involving two key government-owned entities in the power financing sector. The company also informed that the trading window for its securities remains closed.

Goldline Pharmaceutical Ltd announced that its Promoter and Whole Time Director, Mr. Swapan Khandelwal, acquired 60,000 equity shares, representing 0.62% of the total paid-up share capital, through open market purchases on June 22, 2026. This disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Rashi Peripherals Ltd announced the acquisition of a 67% strategic stake in VDA Infosolutions Private Limited for a cash consideration of INR 3.68 billion. VDA Infosolutions, an IT solutions and services company with FY26 revenue of INR 8.5 billion, is consistently profitable. This acquisition aims to expand Rashi Peripherals into the fast-growing enterprise technology and digital infrastructure solutions market, transforming it into a fully integrated technology solutions and services enterprise and capitalizing on demand for cloud, cybersecurity, and data center solutions.

Imagicaaworld Entertainment Ltd announced the resumption of operations for its Imagicaa Water Park located at Khopoli, Maharashtra, effective Friday, June 26, 2026. This follows a temporary disruption that led to an estimated revenue loss of approximately INR 50 Lakh. The company confirmed that it has taken necessary steps for water conservation and to ensure business continuity, allowing the water park to recommence its services.

Family Care Hospitals Ltd. announced that its postal ballot, held on June 20, 2026, resulted in the rejection of all four ordinary resolutions. These resolutions sought shareholder approval for various related party transactions proposed to be entered by the company during the financial year 2026-27 with Onelife Capital Advisors Limited, Dealmoney Commodities Private Limited, Dealmoney Distribution And E-Marketing Private Limited, and Sarsan Securities Private Limited. The resolutions were not passed by the requisite majority of the company's members.

Winsome Yarns Ltd announced the appointment of six new Additional Directors to its Board on June 23, 2026, following the approval of a resolution plan by the National Company Law Tribunal (NCLT) on April 16, 2026. This includes Mr. Vipan Kumar as Executive Director, Mr. Avnish Sarvapriya Bansal as Non-Executive Director and Chairperson, Mrs. Parul Bansal as Women Non-Executive Director, and three Independent Non-Executive Directors. This reconstitution of the board, approved by the Monitoring Committee, marks the company's emergence from the Corporate Insolvency Resolution Process (CIRP) and the suspension of the previous board's powers, signaling a new operational phase.

Fabtech Technologies Ltd. presented its FY26 investor update, reporting a resilient year with strong financial performance. Standalone revenue grew 25.7% YoY to ₹410.77 Cr, and operational profit increased 17.0% YoY to ₹36.60 Cr. The company secured a consolidated order book of over ₹900 Cr as of March 31, 2026, providing significant revenue visibility. Strategic expansions include entry into Animal Health, KSA vaccine and pharma projects, large Africa pharma wins, and a European acquisition, positioning it as a global life sciences infrastructure platform.

OnMobile Global Limited announced the official launch of its ONMO+ Smart Console offering on Flipkart, scheduled for June 26, 2026. This innovative product integrates a pro gaming controller with an instant-access card, enabling console/PC gaming on Smart TVs, tablets, and phones without expensive additional hardware. The company aims to enhance accessibility to premium gaming experiences through this new offering, which will be available for purchase on Flipkart.

Power Finance Corporation Ltd (PFC) has announced that its Board of Directors will convene a meeting on June 28, 2026. The primary agenda for this meeting is to consider and approve a scheme of merger between Power Finance Corporation Limited and REC Limited. This significant corporate action will be subject to the provisions of the Companies Act, 2013, SEBI Listing Regulations, and other applicable laws and guidelines. The trading window for dealing in PFC securities remains closed in anticipation of this material event.

Mahindra Logistics Ltd informed members about its 19th Annual General Meeting on July 20, 2026, to be held virtually. The company also declared a final dividend of ₹2.50 per equity share, with the record date set for July 10, 2026, and payout after AGM approval. Shareholders received links to the Integrated Annual Report for FY2025-26 and the AGM Notice, with specific instructions for those without registered email addresses.

Tanfac Industries Ltd's Fund-Raising Committee has approved the preliminary placement document and authorized the opening of an issue on June 23, 2026. The floor price for the equity shares has been set at ₹ 2090.34, in compliance with SEBI ICDR Regulations. The company retains the option to offer a discount of up to 5% on this floor price, with the final issue price to be determined in consultation with book running lead managers. This marks the initiation of an equity fundraise.

PI Industries' Board has approved the conversion of Optionally Fully Convertible Debentures (OFCDs) worth Rs. 10,000 million, held in its wholly-owned subsidiary PI Health Sciences Limited (PIHS), into 72,46,37,687 equity shares at a fair value of Rs. 13.80 per share. This internal transaction, based on an independent valuation, does not involve cash consideration or change PI Industries' 100% ownership of PIHS. The company expects this conversion to strengthen its consolidated balance sheet by converting intra-company debt into equity.

PI Industries Ltd has approved the conversion of Optionally Fully Convertible Debentures (OFCDs) worth Rs. 10,000 million (Rupees Ten Thousand Million) held in its wholly-owned subsidiary, PI Health Sciences Limited (PIHS), into 72,46,37,687 fully paid-up equity shares. This internal, non-cash transaction, based on an independent valuation, aims to strengthen the consolidated balance sheet and does not alter PIHS's status as a wholly-owned subsidiary or the parent company's control.