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India Stock Market Daily Regulatory Digest — June 04, 2026

Daily India Market Intelligence

By Gunpowder Editorial ·

4 high priority 46 medium priority 50 total filings analysed

Executive Summary

The June 4, 2026, filing batch reveals a market bifurcated between strong operational performers and companies facing execution or regulatory headwinds, with mixed sentiment dominating 8 of the 10 most material filings.

Period-over-period data shows standout sequential margin expansion at Asahi Songwon Colors (EBITDA +122% QoQ) and robust AUM growth at Mufin Green Finance (+83.8% YoY), but is tempered by a consolidated miss at Jyoti CNC (PAT +6% YoY only) due to a ₹67 crore revenue reversal from Huron's export probe. Capital allocation is defensive: three companies (Pilani, M&M Fin, Amba Enterprises) announced moderate dividends, while Ideaforge and Kanel Industries seek ₹500 crore and ~₹4.25 crore through QIPs, respectively, signaling dilution ahead. The most actionable patterns are the 'mixed' guidance across 5 high-materiality filings (TBO Tek, Rico Auto, Jyoti CNC, Mufin Green, Maiden Forgings), where management optimism is undercut by near-term operational drags, and the failure of two resolutions at Harmony Capital, where promoters voted 100% against director reappointments. A notable cluster of IPO/defense-linked growth stories (Premier Energies, Maiden Forgings, Greenply's new ContiRoll plant) suggests selective capital is rotating into manufacturing capex themes. No significant insider trading activity was filed today, but the fall of two governance resolutions at Harmony Capital and the rejection of two special resolutions at Shree Securities (54% public vote against) highlight retail shareholder activism.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: M&A · Corporate governance · Open offer · Corporate action · Insolvency · Company update

Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from June 03, 2026.

Investment Signals (10)

  • Asahi Songwon Colors ↓ (BULLISH)
    ▲

    EBITDA surged 122% QoQ to ₹23 Cr; Q4 margin expanded to 15.6% from 8.58% in Q3 and 11.53% in Q4 FY25. Interest costs declined 14.15% YoY. Full-year PAT grew 5.48% despite revenues contracting 4.78%, showing strong operating leverage

  • Mufin Green Finance ↓ (BULLISH)
    ▲

    AUM grew 83.8% YoY to ₹1,541 Cr; PBT surged 207.7% YoY to ₹14.83 Cr. Disbursements hit record ₹700 Cr in Q4 (vs ₹322 Cr in Q1 FY26). Pivot to high-margin digital products (Mediclaim at 39% AUM) creates a path to ₹80-90 Cr PAT in FY27

  • Jyoti CNC Automation ↓ (MIXED-BEARISH)
    ▲

    Standalone revenue grew 20% YoY to ₹1,949 Cr with 28.9% EBITDA margin. Order book of ₹4,732 Cr (38% aerospace & defense) provides 2.4x revenue visibility. Capacity expansion to 16,000 machines by Sep 2026 addresses the 100%+ utilization issue [BULLISH] but consolidated PAT merely +6% YoY due to a ₹67 Cr revenue reversal at Huron flags execution risk at the subsidiary

  • Rico Auto Industries ↓ (BULLISH)
    ▲

    FY26 revenue hit all-time high of ₹2,477 Cr (+12% YoY). Working capital days improved from 33 to 7 days. Operating cash flow at ₹331 Cr is robust. Guidance for FY27 revenue >₹3,000 Cr with margin improvement beyond 10.25% and exports growing 32% signals a strong trajectory

  • Antony Waste Handling Cell ↓ (BULLISH)
    ▲

    Core operational revenue crossed ₹1,000 Cr for the first time. Record order book of ₹18,000 Cr (nearly 20x annual revenue). Q4 PAT grew ~67% YoY (adjusted). Maiden dividend declared, signaling management confidence in cash flows

  • Redington ↓ (NEUTRAL-BULLISH)
    ▲

    NDR scheduled Jun 10 with Monarch Networth Capital provides an opportunity for management to address institutional investors, typically a precursor to positive coverage or earnings upgrades. No UPSI policy protects against selective disclosure concerns

  • TBO Tek ↓ (BEARISH)
    ▲

    EBITDA-to-GTV ratio has been flat at ~1% for three years, indicating a structural ceiling on monetization. Cash flow from operations turned negative in FY26. March described as 'complete washout' due to Middle East war. Despite optimistic guidance (Q1 FY27 'better'), the flat take rate is a medium-term margin concern

  • Syschem (India) ↓ (BULLISH)
    ▲

    Amicable settlement of NCLT dispute with Lotus Builders for ₹1.25 Cr removes litigation overhang. Positive resolution of a regulatory overhang typically unlocks management bandwidth and analyst attention

  • Coforge ↓ (NEUTRAL-BULLISH)
    ▲

    Allotment of 1.27 Cr shares to Cigniti shareholders completed. Combined entity has paid-up capital of ₹88.5 Cr. Merger integration is a significant milestone; synergies and cost savings are yet to be quantified, but the 1:1 ratio was favorable for Cigniti holders

  • Maiden Forgings ↓ (BULLISH)
    ▲

    H2 FY26 net profit grew 46% YoY despite modest 3.5% EBITDA growth. Highest-ever production at 35,546 MT. New Modinagar facility fully operational; first 2 months of FY27 saw >25% growth. No external capital raised, funded organically. Defense/B2G registrations and Dubai warehouse plans (though delayed) add catalyst pipeline

Risk Flags (10)

  • Harmony Capital Services / Governance Failure [HIGH RISK]
    ▼

    Two resolutions for director reappointments (Sankalp Kawatra and Jubin Gada) were defeated with promoters voting 100% against and public shareholders overwhelmingly opposing. Only 80.4% turnout masks complete loss of promoter confidence in their own board nominees. indicate potential boardroom battle or promoter exit strategy

  • Shree Securities / Shareholder Rejection↓ [HIGH RISK]
    ▼

    Two key resolutions (Section 185 loan/guarantee limits and Section 186 investment thresholds) were defeated by public non-institutional shareholders, with over 54% voting against. Promoter group did not vote at all. Turnout was only 0.96%, meaning minority retail holders effectively blocked management proposals. Signals lack of trust and poor investor communication

  • Jyoti CNC / Huron Export Investigation↓ [HIGH RISK]
    ▼

    Consolidated PAT grew only 6% YoY due to a ₹67 Cr revenue reversal at Huron from an ongoing export control investigation. If this escalates to sanctions or penalties, the FY27 revenue guidance could be materially impacted. Cost overhang remains unquantified

  • TBO Tek / Structural Margin Ceiling↓ [MEDIUM RISK]
    ▼

    EBITDA-to-GTV ratio flat at ~1% for three consecutive years. Cash flow from operations turned negative in FY26. SG&A had only begun to taper by Q4. The flat take rate suggests pricing power is limited in the B2B travel distribution model, making the company a volume story with no operational leverage

  • Rico Auto / Q4 Margin Squeeze↓ [MEDIUM RISK]
    ▼

    Despite record FY26 revenue, Q4 EBITDA margin fell to 7.1% (from ~10.25% adjusted FY average) due to ₹11 Cr raw material lag settlement and ₹3.6 Cr Labour Code impact. These one-off charges suggest vulnerability to input cost volatility and regulatory wage cost increases

  • Antony Waste / Elevated DSO↓ [MEDIUM RISK]
    ▼

    Days Sales Outstanding at 108 days and net debt of ₹302 Cr (0.3x net debt/equity) are high for a services business. The record order book of ₹18,000 Cr will require working capital; if DSOs don't improve, cash conversion will remain weak, potentially limiting dividend growth

  • Mufin Green Finance / Restructuring Overhang↓ [MEDIUM RISK]
    ▼

    Headcount being reduced from 499 to 300 (40% reduction). EV/Solar segment (30% of AUM) generates only 2-2.5% ROA. While pivot to digital products is positive, the restructuring risk and low-ROA book are a drag on near-term RoE despite 83.8% AUM growth

  • BirlaNu / Special Window Confusion↓ [LOW-MEDIUM RISK]
    ▼

    The special window for transfer/demat of physical shares bought pre-April 2019 is open from Feb 5, 2026 to Feb 4, 2027. While this is a procedural notice, the 1-year lock-in upon transfer could create liquidity surprises for unsuspecting holders of physical shares

  • Bharat Gears / Investment in Zero-Revenue SPV↓ [LOW RISK]
    ▼

    Acquired 29.55% stake in Hexa Energy HR5 for ₹1.27 Cr, which has nil revenue for FY24, FY25, and FY26. While meant for captive solar power cost reduction, minority interest in an early-stage SPV with no track record carries execution and counterparty risk

  • Eicher Motors / Customs Demand↓ [LOW RISK]
    ▼

    ₹1.64 Cr demand (duty ₹0.82 Cr + penalty ₹0.82 Cr) related to a single 2020 preferential tariff claim. While materiality is low (0.02% of likely annual revenue), the penalty nature flags a compliance gap and future audit risk on tariff exemptions

Opportunities (9)

  • Antony Waste Handling Cell / Record Order Book & Maiden Dividend↓ (OPPORTUNITY)
    ◆

    ₹18,000 Cr order book (20x FY26 revenue) provides 10+ year revenue visibility. Maiden dividend signals shift to shareholder return phase. Post-shutdown PLF recovery at PCMC from 56% to 86% implies significant earnings upside from operational leverage. 96% recycling rate is a competitive moat

  • Asahi Songwon Colors / Margin Recovery Play↓ (OPPORTUNITY)
    ◆

    EBITDA margin expanded from 8.58% in Q3 to 15.6% in Q4 (+702 bps QoQ). Interest costs down 14.15% YoY. If the March quarter recovery sustains into FY27, the stock (likely trading at depressed multiples after -4.78% FY revenue decline) offers sequential earnings momentum

  • Maiden Forgings / Defense Entry & Capacity Expansion↓ (OPPORTUNITY)
    ◆

    H2 net profit +46% YoY; production at all-time high 35,546 MT. B2G/defense registrations have been secured. New integrated Modinagar facility now operational (first 2 months FY27 >25% growth). No external dilution. Dubai warehouse postponed, not cancelled, providing a second catalyst when geopolitical situation stabilizes

  • Mufin Green Finance / Path to ₹90 Cr PAT↓ (OPPORTUNITY)
    ◆

    Management guiding ₹2,500 Cr AUM and ₹80-90 Cr PAT in FY27. Current AUM ₹1,541 Cr, so ~62% growth implied. Disbursement per employee reached ₹4.21 Cr in Q4, indicating improving productivity despite headcount reduction. If the digital pivot (39% AUM in Mediclaim) succeeds, ROA expansion will drive re-rating

  • Rico Auto Industries / FY27 Guidance of ₹3,000 Cr+ Revenue↓ (OPPORTUNITY)
    ◆

    FY26 revenue ₹2,477 Cr; management guides to ₹3,000+ Cr in FY27, implying 21%+ growth. Working capital improvement (33→7 days) and ₹331 Cr OCF provide funding for growth without dilution. Aluminium-heavy book (88%) is a structural beneficiary of automotive lightweighting trends

  • Coforge / Cigniti Merger Synergies↓ (OPPORTUNITY)
    ◆

    Allotment of 1.27 Cr shares to Cigniti shareholders is a major milestone. 1:1 share exchange ratio suggests management saw significant value. Combined entity with ₹88.5 Cr paid-up capital can leverage cross-sell and cost synergy. The July 27 Q1 FY27 board meet will be first post-merger results; watch for synergy quantification

  • Softtech Engineers / AI-Powered GovTech Catalyst↓ (OPPORTUNITY)
    ◆

    Won mandate from Airport Authority of India for CivitINFRA platform. Launched CivitTwin, AI-agentic building permit solution. Deployed in 1,500+ cities. Government digitization push is a strong tailwind. No financials in filing, but product wins suggest demand acceleration

  • Lead Investor Conferences (OPPORTUNITY)
    ◆

    The cluster of analyst meetings on June 9-12 (Premier Energies in London, Mahindra & Mahindra in London, Escorts Kubota, Alivus Life Sciences, Craftsman Automation, United Foodbrands) suggests a busy NDR week. These often lead to initiation reports or upgrades. Particularly note the Jefferies India Access Days (Jun 11-12) and Goldman Sachs/Jefferies roadshows for M&M

  • NHC Foods / UK Subsidiary Investment↓ (SPECULATIVE OPPORTUNITY)
    ◆

    USD 24.3 million investment (funded by FCCB proceeds) into new UK subsidiary for FMCG operations. While subsidiary has yet to start operations, the FMCG-to-UK corridor is a high-growth niche. The automatic route under FEMA removes regulatory hurdles. If successful, this could significantly boost revenue beyond current levels

Sector Themes (6)

  • Manufacturing and Auto Ancillaries: Divergent Margin Trends
    ◆

    Three manufacturing companies (Asahi Songwon, Rico Auto, Jyoti CNC) reported strong top-line growth (12-20% YoY) but with divergent margin outcomes. Asahi's margins expanded 700 bps QoQ, while Rico's Q4 margins compressed ~300 bps due to one-offs, and Jyoti CNC's consolidated margins were hit by a subsidiary probe. Implication: Stock-level differentiation is critical; company-specific issues (input cost, subsidiary risks) override the sector 'growth' narrative.

  • Capital Raising via QIPs: Dilution Ahead
    ◆

    Two companies (Ideaforge Technology for ₹500 Cr and Kanel Industries for ~₹4.25 Cr) announced QIPs via postal ballot. Ideaforge's filing explicitly seeks flexibility to raise via QIP/preferential/QIB route. Given its cash-burn profile (drones business), the ₹500 Cr raise could be significantly dilutive. Mufin Green, while not raising equity, is restructuring headcount (-40%) to improve unit economics, indicating a sector-wide focus on capital efficiency over growth-at-all-costs.

  • Shareholder Activism in Small-Caps
    ◆

    Two small-cap companies (Shree Securities and Harmony Capital Services) saw shareholder resolutions defeated in AGMs. At Shree Securities, public non-institutional holders voted >54% against two special resolutions despite only 0.96% overall turnout. At Harmony Capital, promoters voted 100% against their own director reappointments. Implication: Retail and promoter groups are using voting rights to block perceived unfavourable actions, a rising trend that could lead to more proxy fights and governance reforms.

  • Export Control & Geopolitical Headwinds
    ◆

    Two companies explicitly cited geopolitical factors impacting performance: TBO Tek (Middle East war causing March 'washout') and Jyoti CNC (Huron export investigation leading to ₹67 Cr reversal). Maiden Forgings delayed Dubai expansion due to geopolitical instability. Implication: Companies with Israel/Middle East/US-reliant exports face binary regulatory risk. Revenue guidance from these companies carries higher uncertainty discount.

  • Dividend Signaling vs. Growth Reinvestment
    ◆

    Three companies declared/maintained dividends with clear record dates: M&M Fin (₹7.50, record Jul 13), Pilani (₹9, subject to AGM), Amba Enterprises (₹0.75, record Jun 19). However, Antony Waste declared a maiden dividend of ₹0.50, signaling a shift toward shareholder returns despite a record order book requiring reinvestment. Implication: Dividend announcements in high-growth sectors (waste mgmt, auto finance) may indicate slowing reinvestment opportunities and potential valuation rerating toward mature peer multiples.

  • IT Services & M&A Completion
    ◆

    Coforge's completion of the Cigniti merger (1:1 ratio) and the combined entity's listing are a bellwether for mid-cap IT consolidation. The post-merger integration period (0-6 months) typically carries client retention risk. With the Q1 FY27 board meet on Jul 27, a clean combined financials release with synergy detail could be a catalyst for the stock.

Watch List (9)

  • Jyoti CNC Automation↓
    👁

    Q1 FY27 earnings (tentative Jul/Aug) will show if the Huron export investigation impact stabilizes or worsens. Capacity expansion to 16,000 machines by Sep 2026 is a key milestone to track. Order book conversion rate needs monitoring. [Watch for: Export probe resolution, capacity utilization trends]

  • Coforge↓
    👁

    First post-merger quarterly results on July 27, 2026 (Board Meeting). Key metrics: combined revenue, margin trajectory, client attrition, and synergy realization. The July 28 analyst call will be critical for guidance assessment. [Watch for: Synergy quantification, client retention at Cigniti]

  • TBO Tek↓
    👁

    Q1 FY27 results (expected early Aug) will confirm if the Middle East war disruption is indeed 'behind them' as management suggested. Cash flow from operations turning negative again would be a major red flag. Classic Vacations integration (50% complete) is expected by end of Q3 CY26. [Watch for: Cash flow recovery, EBITDA take rate improvement >1%]

  • Ideaforge Technologies
    👁

    Postal ballot results expected by July 6, 2026 for the ₹500 Cr QIP resolution. The success or failure of this resolution will signal shareholder confidence in the company's growth strategy and funding requirements. [Watch for: Postal ballot outcome, QIP pricing vs market price]

  • Harmony Capital Services
    👁

    With two director reappointments rejected (promoters voting 100% against), watch for the board's next move: reconstitution, strategic review, or possible open offer/delisting. The AGM outcome suggests a governance event in progress. [Watch for: Board reconstitution announcement, promoter communication]

  • Rico Auto Industries↓
    👁

    FY27 guidance of ₹3,000+ Cr revenue and margin improvement beyond 10.25% is ambitious. H1 FY27 performance in auto ancillary space will test if Q4's margin squeeze was truly one-off. Exports growing 32% needs validation from channel checks. [Watch for: Q1 FY27 revenue run-rate, export order inflow, raw material cost trends]

  • Mufin Green Finance↓
    👁

    Headcount reduction from 499 to 300 is a significant restructuring. Watch for Q1 FY27 AUM growth rate (target ₹2,500 Cr for FY27) and employee productivity improvement. The EV/Solar portfolio (30% AUM at 2-2.5% ROA) remains a drag; any monetization or de-consolidation would be positive. [Watch for: Disbursement efficiency, loan book mix, restructuring costs]

  • Bajaj Auto↓
    👁

    Physical shareholders must update KYC by likely before Aug 2026 to avoid dividend withholding (FY25-26 dividend). With a significant shareholder base in physical mode, this could result in temporary dividend blocking for non-compliant holders, creating buying pressure if stock dips on ex-dividend confusion. [Watch for: KYC compliance updates, dividend record date announcement]

  • Greenply Industries↓
    👁

    Plant visit on June 24, 2026, at the new ContiRoll technology facility. This is a key catalyst for stock as investors see the technology upgrade. Typically, such visits lead to initiation or upgrade reports from Investec and participating analysts. [Watch for: Analyst reports/post-visit notes on technology edge and margin impact]

Filing Analyses (50)
Bajaj Consumer Care Limited Analyst/Investor Meet neutral materiality 1/10

03-06-2026

Bajaj Consumer Care Limited informed stock exchanges that it will participate in the ICICI Securities India Investor Conference 'India Rising: The Next Chapter' on June 8, 2026. The company stated that no unpublished price-sensitive information will be shared at the conference.

  • · The investor conference is scheduled for Monday, June 8, 2026, from 12:00 Noon to 7:00 P.M.
  • · The date is subject to change due to exigencies on the part of Funds/Broking House/Investors/Company.
  • · No unpublished price-sensitive information will be shared at the conference.
Coforge Limited Merger/Acquisition neutral materiality 8/10

04-06-2026

Coforge Limited has allotted 1,26,71,602 equity shares of ₹2 each to eligible shareholders of Cigniti Technologies Limited as part of the Scheme of Amalgamation, with a share exchange ratio of 1:1. The paid-up share capital increased to 44,26,71,546 equity shares (face value ₹2 each), aggregating to ₹88,53,43,092. The company is completing formalities for listing and trading approvals of the newly issued shares.

  • · Record date for determining eligible Cigniti shareholders was May 16, 2026.
  • · Share exchange ratio is 1:1 (one Coforge share for each Cigniti share).
  • · Allotment date was June 3, 2026.
  • · The company is in the process of filing documents with stock exchanges for listing and trading approvals.
Coforge Limited Corporate Governance neutral materiality 3/10

04-06-2026

Coforge Limited has informed the stock exchanges that its Board of Directors will meet on July 27, 2026, to consider and approve the unaudited financial results for the quarter ending June 30, 2026. The trading window for designated persons and their immediate relatives will be closed from July 01, 2026, until 48 hours after the results declaration. A conference call with analysts and institutional investors is tentatively scheduled for July 28, 2026.

  • · Trading window closure starts July 01, 2026 for designated persons and their immediate relatives.
  • · Trading window reopens 48 hours after the declaration of Q1 FY27 results.
  • · Board meeting scheduled for Monday, July 27, 2026.
  • · Conference call with analysts tentatively set for 08:15 AM IST on July 28, 2026.
  • · Conference call details and transcript will be disclosed on the company website and stock exchanges.
Sharp India Ltd Open Offer neutral materiality 8/10

04-06-2026

Smart Services Private Limited has issued a corrigendum to the detailed public statement for its open offer to acquire up to 64,86,000 equity shares (25% of voting capital) of Sharp India Limited at ₹10 per share. The corrigendum updates the offer schedule, notably shifting the opening date from June 8 to June 16, 2026, and the closing date from June 19 to June 30, 2026. Additionally, the acquirer has already acquired 1,94,58,000 equity shares on June 2, 2026, pursuant to a share purchase agreement.

  • · The corrigendum was issued following SEBI Observation Letter no. HO/49/12/11(54)2026-CFD-RAC-DCR2/I/12668/2026 dated May 29, 2026.
  • · The identified date for determining shareholders eligible to receive the letter of offer was revised from May 22, 2026 to June 2, 2026.
  • · The last date for revising the offer price is now June 12, 2026 (previously June 4, 2026).
  • · The post-offer advertisement is scheduled for July 7, 2026 (previously June 29, 2026).
  • · Payment of consideration for acquired shares is now due by July 14, 2026 (previously July 6, 2026).
Pilani Investment and Industries Corporation Limited Corporate Action neutral materiality 4/10

04-06-2026

Pilani Investment and Industries Corporation Limited's Board of Directors, at a meeting held on June 4, 2026, recommended a dividend of 90% (₹9 per equity share) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting. The meeting lasted 20 minutes, from 3:30 PM to 3:50 PM IST. No other financial results or operational updates were disclosed in this filing.

  • · The Board meeting commenced at 3:30 PM IST and concluded at 3:50 PM IST on June 4, 2026.
  • · The dividend recommendation is subject to shareholder approval at the ensuing Annual General Meeting.
  • · The date of the Annual General Meeting and Book Closure dates will be communicated separately.
  • · No other corporate actions or financial results were announced at this meeting.
United Foodbrands Limited Analyst/Investor Meet neutral materiality 2/10

04-06-2026

United Foodbrands Limited (formerly Barbeque-Nation Hospitality Limited) has informed the stock exchanges of its schedule for analyst and investor meetings from June 5 to June 15, 2026. The meetings include one-on-one and group sessions with firms such as LKP Securities, Choice, Credence Wealth, Turtle Capital, Equilligence Capital, Bamboo Capital, and Enigma Investments. The company has stated that no unpublished price-sensitive information will be shared during these meetings.

  • · The meetings will be held both virtually and in Bengaluru.
  • · The schedule is subject to change due to exigencies on the part of the analyst, investors, or the company.
  • · The details are also available on the company's website under the Investors section.
ESPIRE HOSPITALITY LIMITED Corporate Governance neutral materiality 5/10

04-06-2026

Espire Hospitality Limited has scheduled a Board Meeting on June 10, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The company had previously sought an extension until June 10, 2026, for submitting the audited financial statements due to delays in finalizing books and completing statutory audit procedures. The trading window remains closed until 48 hours after the results announcement.

  • · The Board Meeting is scheduled for Wednesday, 10th June 2026 at 12:00 Noon at the Corporate Office in New Delhi.
  • · The trading window has been closed since 31st March 2026 and will reopen 48 hours after the financial results announcement.
  • · The company had previously communicated on 26th May 2026 about delays in finalizing books and completing statutory audit procedures.
  • · The extension for submitting audited financial statements was sought until 10th June 2026.
Altius Telecom Infrastructure Trust Corporate Governance neutral materiality 3/10

04-06-2026

Altius Telecom Infrastructure Trust (formerly Data Infrastructure Trust) filed its Compliance Report on Governance (Part C) for FY2025-26 with BSE on June 4, 2026, pursuant to Regulation 26K of SEBI InvIT Regulations. All affirmative disclosures (Annual Report on website, presence of committee chairpersons at AGM, and inclusion of Governance and Secretarial Compliance reports in the Annual Report) were confirmed as compliant. However, the Annual Report for FY2025-26 is pending and will be displayed only after dispatch to unitholders within the prescribed timeline.

  • · Filing made under Regulation 26K of SEBI InvIT Regulations and SEBI Master Circular SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025
  • · Chairpersons of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee were all present at the Annual General Meeting held on July 25, 2025
  • · Governance Report and Secretarial Compliance Report for FY2024-25 were included in the Annual Report for that year
RDB INFRASTRUCTURE AND POWER LIMITED Corporate Governance neutral materiality 3/10

04-06-2026

The Board of Directors of RDB Infrastructure and Power Limited approved the appointment of M/s. Sohan Lal Jalan and Associates as Cost Auditor for FY 2026-27 and the issuance of a Postal Ballot Notice to regularize the appointment of Mr. Shubham Vaidya as Managing Director. The meeting was brief, lasting only 17 minutes, and no financial results or operational updates were disclosed.

  • · The cost auditor appointment is subject to member approval at the ensuing Annual General Meeting.
  • · Mr. Shubham Vaidya was originally appointed as Managing Director on 09th April, 2026, and the Postal Ballot seeks to regularize that appointment.
  • · The meeting started at 03:30 PM and concluded at 03:47 PM (duration of 17 minutes).
  • · The cost auditor firm has over 41 years of experience and expertise in cost audits, GST audits, and corporate restructuring.
  • · No financial results, dividends, or other operational updates were announced at this board meeting.
Jagsonpal Pharmaceuticals Limited Default neutral materiality 5/10

04-06-2026

Jagsonpal Pharmaceuticals Limited has allotted 2,96,320 equity shares of ₹2 each to eligible employees under the JPL ESOP 2022 upon exercise of vested options. The allotment increases the company's paid-up share capital from ₹13,10,78,300 (6,55,39,150 shares) to ₹13,16,70,940 (6,58,35,470 shares). The shares rank pari-passu with existing shares and were issued at exercise prices ranging from ₹94.00 to ₹115.60 per share.

  • · The shares were issued in three tranches: 2,28,000 shares at ₹94.00, 59,920 shares at ₹113.60, and 8,400 shares at ₹115.60.
  • · The premium per share ranges from ₹92.00 to ₹113.60.
  • · The distinctive numbers of the shares are 6,71,39,151 to 6,74,35,470.
  • · ISIN of the shares is INE048B01035.
  • · No lock-in period applies to the allotted shares.
Maximus International Limited Corporate Governance neutral materiality 3/10

04-06-2026

Maximus International Limited has issued a Postal Ballot notice to seek shareholder approval for the appointment of Mr. Aniruddh Gandhi (DIN: 07912519) as a Non-Executive Non-Independent Director, effective from April 18, 2026. The e-voting period runs from June 5, 2026 to July 4, 2026, with the cut-off date for eligibility being May 29, 2026. The resolution is an ordinary resolution and Mr. Gandhi will be liable to retire by rotation.

  • · The cut-off date for determining eligible shareholders is Friday, 29th May, 2026.
  • · The e-voting period commences on Friday, 5th June, 2026 at 9:00 a.m. IST and ends on Saturday, 4th July, 2026 at 5:00 p.m. IST.
  • · The Scrutinizer will submit his report within two working days after the conclusion of remote e-voting, and results will be declared and posted on the company's website and CDSL's website.
  • · The resolution, if passed, will be deemed effective on Saturday, 4th July, 2026.
  • · The company has engaged CDSL as the agency to provide the e-voting facility.
Asahi Songwon Colors Limited Analyst/Investor Meet mixed materiality 8/10

04-06-2026

Asahi Songwon Colors reported a strong Q4 FY26 with consolidated revenue of ₹144 Cr, up 19.4% sequentially, and EBITDA of ₹23 Cr, up 122% QoQ and 30.2% YoY. However, full-year FY26 revenue declined 4.78% to ₹535.48 Cr from ₹562.36 Cr in FY25, while PAT grew 5.48% to ₹17.78 Cr. The company highlighted EBITDA positivity in both AZO and API segments for the full year, but noted ongoing challenges from geopolitical volatility and elevated raw material costs.

  • · Q4 FY26 EBITDA margin expanded to 15.6% from 8.58% in Q3 FY26 and 11.53% in Q4 FY25.
  • · Interest costs declined 14.15% YoY to ₹3.30 Cr in Q4 FY26.
  • · Full year FY26 EBITDA margin was 10.43% vs 10.63% in FY25, a compression of 21 bps.
  • · AZO segment achieved EBITDA positivity for the full year and cash break-even during the year.
  • · API segment achieved EBITDA positivity for the full year FY26.
  • · API business has delivered volumetric growth for 3 consecutive years, but realizations declined until Q4 FY26 when selling prices improved.
  • · Chattral site for API intermediates is at ~70% utilization; API finished goods utilization remains low at ~30%.
  • · Company expects CEP Certification by end of current financial year.
  • · Gokul Jaykrishna stepped down as CEO but remains Managing Director; Arjun Jaykrishna appointed as CEO.
Premier Energies Limited Analyst/Investor Meet neutral materiality 2/10

04-06-2026

Premier Energies Limited informed exchanges that its management will attend institutional investor meetings and conferences in Mumbai and London from June 9 to June 12, 2026. The meetings include a group/one-on-one meet with ICICI Securities in Mumbai and the Jefferies India Access Days in London. The company stated that discussions will be based on publicly available information only and no unpublished price-sensitive information will be shared.

  • · Meetings scheduled: June 9 (Mumbai, ICICI Securities), June 11-12 (London, Jefferies India Access Days).
  • · Meeting types: Group and one-on-one interactions.
  • · Schedule subject to change due to exigencies.
Tata Investment Corporation Limited Corporate Governance neutral materiality 3/10

04-06-2026

Tata Investment Corporation Limited has filed its Annual Report for FY2025-26 and convened the 89th Annual General Meeting (AGM) to be held on July 1, 2026, via video conference. The Board recommends a dividend of ₹3.40 per share (340%) for the year ended March 31, 2026. The filing provides only procedural and governance updates; no financial results or performance numbers are disclosed.

  • · Record Date for dividend: June 10, 2026
  • · Dividend payment date: on or after July 2, 2026
  • · Payment only in electronic mode as per SEBI circular dated November 18, 2025
  • · Cut-off date for eligibility to vote: June 24, 2026
Shree Securities Ltd. Corporate Governance mixed materiality 6/10

04-06-2026

Shree Securities Ltd. held its 32nd Annual General Meeting on June 2, 2026, where shareholders approved 6 of 8 resolutions, including adoption of audited financials for FY2025 and regularization of three independent directors. However, two special resolutions—approval to advance loans/guarantees under Section 185 and increasing investment thresholds under Section 186—were rejected by a majority of public non-institutional shareholders, with over 54% voting against each. The promoter group did not participate in voting, and overall voter turnout was low at 0.963% of outstanding shares.

  • · The meeting lasted only 27 minutes (12:00 PM to 12:27 PM).
  • · No promoter or promoter group shareholders attended the meeting in person or via proxy; none voted on any resolution.
  • · No public institutional shareholders voted; all votes came from public non-institutional shareholders.
  • · Record date for voting was May 26, 2026.
  • · The scrutinizer's report was issued on June 3, 2026, one day after the AGM.
  • · Resolution 8 (increase FPI/FII limit to 49%) was passed, but detailed vote counts were truncated in the filing.
Ideaforge Technology Limited Corporate Governance neutral materiality 6/10

04-06-2026

IdeaForge Technology Limited has issued a Postal Ballot Notice dated June 4, 2026, seeking shareholder approval via special resolution for two key proposals: (1) raising funds up to ₹5,000 million (₹500 Cr) through issuance of equity shares and/or other eligible securities via QIP, preferential allotment, or other permissible modes; and (2) alteration of the Articles of Association. The e-voting period runs from June 5, 2026 to July 4, 2026, with results to be announced by July 6, 2026. No financial performance data or period-over-period comparisons are included in this filing.

  • · Cut-off date for determining eligible shareholders: May 29, 2026.
  • · E-voting period: June 5, 2026 (9:00 AM IST) to July 4, 2026 (5:00 PM IST).
  • · Results to be announced by July 6, 2026 (within 48 hours of e-voting conclusion).
  • · The Board appointed S. N. ANANTHASUBRAMANIAN & CO., Company Secretaries as Scrutinizer.
  • · The resolution for fund raising is proposed as a Special Resolution under Sections 23(1)(b), 42, 62(1)(c), 71, 179 of the Companies Act, 2013.
Suraj Estate Developers Limited Analyst/Investor Meet neutral materiality 1/10

04-06-2026

Suraj Estate Developers Limited has informed the stock exchanges that its officials will attend a virtual group meeting organized by Choice Broking on June 11, 2026, from 12:00 noon to 1:00 PM. The discussions will be based on publicly available information and no unpublished price sensitive information (UPSI) is intended to be discussed.

  • · Meeting date: June 11, 2026
  • · Meeting time: 12:00 noon – 1:00 PM
  • · Mode: Virtual
  • · Organized by: Choice Broking
  • · No unpublished price sensitive information (UPSI) will be discussed
Craftsman Automation Limited Analyst/Investor Meet neutral materiality 1/10

04-06-2026

Craftsman Automation Limited held a one-on-one virtual meeting with First Sentier on June 4, 2026, from 3:15 PM to 4:15 PM IST. The company confirmed that no unpublished price sensitive information was shared during the interaction.

  • · Meeting type: One-on-one virtual meeting
  • · Meeting duration: 1 hour (3:15 PM to 4:15 PM IST)
  • · No unpublished price sensitive information was shared
Affle 3i Limited Analyst/Investor Meet neutral materiality 1/10

04-06-2026

Affle 3i Limited informed stock exchanges that it attended a one-on-one analyst/investor meeting with Franklin Templeton Mutual Fund on June 4, 2026. The company stated that no unpublished price-sensitive information was shared during the interaction.

  • · Meeting type: One-on-One call
  • · Meeting date: June 4, 2026
  • · No unpublished price-sensitive information was shared
Redington Limited Analyst/Investor Meet neutral materiality 2/10

04-06-2026

Redington Limited has informed the stock exchanges that its officials will participate in a Non-Deal Roadshow (NDR) organized by Monarch Networth Capital on June 10, 2026, in Mumbai. The meetings will be 1x1 or group interactions, and discussions will be based on publicly available information only, with no unpublished price sensitive information intended to be shared.

  • · The NDR is scheduled for June 10, 2026, starting at 10:00 AM in Mumbai.
  • · The meeting format includes 1x1 and group meetings.
  • · The filing is made under Regulation 30 and Regulation 46(2) of SEBI (LODR) Regulations 2015.
  • · The information will also be uploaded on the company's website at https://redingtongroup.com/financial-reports/.
Eicher Motors Limited Regulatory Action negative materiality 3/10

04-06-2026

Eicher Motors received a demand order from the Principal Commissioner of Customs, Kolkata, for Rs. 1.64 Crore (including duty of Rs. 0.82 Crore and penalty of Rs. 0.82 Crore) related to preferential tariff exemption claimed on imports in 2020. The company considers the demand not maintainable and plans to appeal, with no expected material financial impact.

  • · Order received via email on June 3, 2026, from Principal Commissioner of Customs (Preventive), Kolkata.
  • · Demand relates to one shipment during 2020 for preferential tariff exemption.
  • · Company is evaluating options including filing an appeal and does not envisage any relevant impact on financials, operations, or other activities.
Escorts Kubota Limited Analyst/Investor Meet neutral materiality 3/10

04-06-2026

Escorts Kubota Limited has informed the stock exchanges about scheduled analyst/institutional investor meetings on June 9 and June 10, 2026, with Invisage Capital Pte Ltd and Anand Rathi Shares and Stock Brokers Ltd respectively. The company stated that no unpublished price sensitive information will be shared during these meetings.

  • · Meeting with Invisage Capital Pte Ltd on June 9, 2026, from 15:00 to 16:00 IST (virtual meeting).
  • · Meeting with Anand Rathi Shares and Stock Brokers Ltd on June 10, 2026, from 12:30 to 13:30 IST (in-person meeting).
  • · The investor presentation is available on the company's website at https://www.escortskubota.com/investors/financials.
Mahindra & Mahindra Financial Services Limited Corporate Governance neutral materiality 6/10

04-06-2026

Mahindra & Mahindra Financial Services Limited announced a final dividend of ₹7.50 per equity share (375% on face value of ₹2) for FY2026, subject to shareholder approval at the 36th AGM on July 21, 2026. The record date for the dividend is July 13, 2026, and shareholders must submit tax exemption/lower deduction documents by July 6, 2026. The company also reminded shareholders about mandatory electronic dividend payments, KYC requirements for physical holders, and the upcoming transfer of unclaimed shares to IEPF.

  • · Shareholders must submit tax exemption/lower deduction documents by July 6, 2026, to KFin Technologies.
  • · TDS on dividends for resident shareholders: 10% with valid PAN, 20% without/invalid/inoperative PAN.
  • · Non-resident shareholders may be taxed at rates under the Act or applicable Double Taxation Avoidance Agreement.
  • · All unclaimed dividends for FY2019 must be claimed by August 27, 2026, to avoid transfer to IEPF.
  • · Dividend will be paid only in electronic mode; no physical warrants/cheques will be issued.
  • · Physical shareholders must complete mandatory KYC (PAN, nomination, bank details, specimen signature) to receive payments.
  • · Shareholders are encouraged to dematerialise their holdings as transfer/transmission requests will be processed only in demat mode.
Alivus Life Sciences Limited Analyst/Investor Meet neutral materiality 3/10

04-06-2026

Alivus Life Sciences Limited (formerly Glenmark Life Sciences Limited) has informed the exchanges of upcoming investor/analyst meetings scheduled for June 9, 2026, in Mumbai. Representatives will meet with multiple institutional investors, including Alchemy, ASK Mutual Fund, Bharti AXA Life Insurance, HSBC AM, JM Financial, Julius Baer, Lion Global (SG), Mahindra Manulife, Ninety One (LDN), Premji Invest, Samena, SBI MF, and Value Partners (HK). These meetings will be held in in-person, group/one-on-one format.

  • · The meetings are scheduled for June 9, 2026, in Mumbai.
  • · Mode: In-Person, either group or one-on-one.
  • · The schedule may change due to exigencies on part of the investor/analyst or company.
  • · Alivus Life Sciences Limited was formerly known as Glenmark Life Sciences Limited (scrip code: 543322).
Harmony Capital Service Ltd Corporate Governance mixed materiality 8/10

04-06-2026

Harmony Capital Services Ltd. held its Annual General Meeting on June 3, 2026, where 6 resolutions were put to vote. While 4 resolutions (adoption of financial statements, regularization of a director, alteration of the MOA, and change in registered office) were approved, 2 critical resolutions regarding the re-appointment of directors Sankalp Kawatra and Jubin Gada were defeated, with promoters voting 100% against them and public non-institutional shareholders also overwhelmingly opposing. The overall voter turnout was 80.4% of outstanding shares.

  • · The record date for the AGM was May 27, 2026.
  • · No shareholders attended the meeting in person or through proxy; all attendance was via video conferencing (1 promoter, 17 public).
  • · Resolution 2 (re-appointment of Sankalp Kawatra) failed: 0.0011% of total votes polled were in favor, 99.9989% against. Promoters voted 100% against.
  • · Resolution 3 (re-appointment of Jubin Gada) failed with identical vote percentages as Resolution 2.
  • · Resolution 6 (change in registered office) failed: only 10.4885% of total votes polled were in favor, 89.5115% against. Promoters voted 100% against, while public non-institutional votes were split 40.098% in favor and 59.902% against.
  • · The scrutinizer's report was issued on June 4, 2026, by Hemang Satra (CS Membership No: 54476).
  • · No invalid votes were recorded for any resolution.
Highness Microelectronics Ltd Analyst/Investor Meet neutral materiality 1/10

04-06-2026

Highness Microelectronics Ltd informed the stock exchange about the audio recording link of an investor meet held on June 4, 2026. The filing is procedural and does not contain any financial or operational data.

  • · Investor meet held on June 4, 2026 at 03:00 PM IST
  • · Audio recording link: https://highnessmicro.com/investor-relations/#1774872788702-231cca86-2509
  • · Transcript will be uploaded later as per SEBI timelines
Craftsman Automation Limited Analyst/Investor Meet neutral materiality 2/10

04-06-2026

Craftsman Automation Limited informed stock exchanges about scheduled meetings with analysts and institutional investors on June 9-10, 2026. The meetings will be held physically with firms including Balyasny, Birla Offshore, Oxbow, Comgest, WFM Asia, MAN Group, Sparx Group Asset Management, and Viridian. No unpublished price-sensitive information will be disclosed.

  • · Meetings scheduled for June 9 and June 10, 2026.
  • · Mode of meetings is physical.
  • · Schedule is subject to change due to exigencies or last-minute conflicts.
Antony Waste Handling Cell Limited Analyst/Investor Meet mixed materiality 8/10

04-06-2026

Antony Waste Handling Cell Limited reported Q4 FY26 operating revenue of ₹254 Cr (+14% YoY) and full-year revenue of ₹920 Cr (+9% YoY). EBITDA margins held at ~22% for both Q4 and FY26. PAT for Q4 was ₹37 Cr, and for FY26 it was ₹92 Cr; adjusted for a one-time income of ₹24 Cr in the prior year, Q4 PAT rose ~67% YoY and FY26 PAT rose 20% YoY. The company achieved a record order book of ₹18,000 Cr and crossed ₹1,000 Cr in core operational revenue for the first time. However, net debt stood at ₹302 Cr (0.3x net debt/equity) and DSOs were 108 days. The board recommended a maiden dividend of ₹0.50 per share.

  • · PCMC WTE plant delivered 69.3 million units of green power in FY26 and avoided ~10,000 tons CO2e emissions.
  • · PCMC WTE had ~90 days of planned/reparative shutdown in FY26, resulting in 56% PLF; post-maintenance PLF is ~86%.
  • · C&D recycling facility achieved 96% recycling rate.
  • · Annual RDF sales reached a record 177,000 tons, up 20% YoY.
  • · Net debt to equity ratio is 0.3x, weighted average cost of debt ~9.9%.
  • · DSO for Q4 was 108 days.
  • · Order book stands at all-time high of ₹18,000 Cr.
  • · Supreme Court dismissed Bhiwandi Nizampur City Municipal Corporation's SLP, directing disbursement of ₹15 Cr settlement with 9% interest on delay.
  • · CIDCO Biomining project contributed ~22% of Q4 volumes; revenue growth from non-CIDCO operations was ~8%.
  • · EPR credits recognized at ₹2.2 Cr in FY26.
  • · Board recommended maiden dividend of ₹0.50 per share (10% of face value ₹5).
  • · Company guided 15-20% revenue CAGR over next 5 years.
  • · Credit ratings: A- at key downstream subsidiary, BBB+ at listed entity level.
Kanel Industries Ltd Corporate Governance neutral materiality 6/10

04-06-2026

Kanel Industries Ltd's Board of Directors, at a meeting on June 4, 2026, approved raising funds via a Qualified Institutional Placement (QIP) of up to 42,50,000 equity shares (face value ₹10 each) in one or more tranches. The proposal requires shareholder approval through a Postal Ballot, and M/s. Malay Desai & Associates was appointed as scrutinizer for the e-voting process. No financial results or period-over-period comparisons were disclosed in this corporate governance filing.

  • · Board meeting commenced at 04:00 PM and concluded at 05:00 PM on June 04, 2026.
  • · The QIP will be conducted under Chapter VI of SEBI (ICDR) Regulations, 2018, Section 42 of Companies Act, 2013, and applicable rules.
  • · Shareholder approval will be sought via Postal Ballot; the notice will be submitted to the exchange and hosted on the company's website at www.kanel.in.
  • · The face value of each equity share is ₹10.
  • · The issuance may occur in one or more tranches, subject to regulatory approvals.
Maiden Forgings Limited Analyst/Investor Meet mixed materiality 8/10

04-06-2026

Maiden Forgings Limited reported H2 FY26 revenue of INR122.60 crore (+17.46% YoY), EBITDA of INR10.49 crore (+3.52% YoY), and net profit of INR2.93 crore (+46.37% YoY). For full FY26, revenue was INR233.96 crore, EBITDA INR17.22 crore, and net profit INR5.02 crore. The company achieved its highest-ever production of 35,546 metric tons and laid a strong foundation for long-term growth through B2G/defense registrations, a new integrated facility at Modinagar (expected to be operational soon), and groundwork for overseas warehousing in Dubai (postponed due to geopolitical instability). However, EBITDA growth in H2 was modest at 3.52% YoY, and the Dubai expansion remains delayed.

  • · No external capital raised during FY26; entire capex and growth funded through internal accruals.
  • · Credit rating and financial discipline remained intact.
  • · Since April 2026, shifting to new Modinagar facility has not hampered operations; first two months of FY27 saw >25% growth vs. corresponding months of FY26.
  • · Dubai warehousing groundwork started in February 2026 but postponed due to geopolitical instability.
  • · Company is prepared for main board switch from SME, fulfilling all criteria.
  • · B2G segment registrations expanded: Ordnance Factory Murad Nagar, TBRL DRDO, CEMILAC DRDO.
  • · Executed and delivered orders for HAL, BHEL, NTPC.
Syschem (India) Ltd. Insolvency positive materiality 6/10

04-06-2026

Syschem (India) Ltd. has amicably resolved a dispute with M/S Lotus Builders through a Settlement Agreement dated June 4, 2026. The matter was previously pending before the NCLT, Chandigarh, concerning dishonoured cheques issued by Syschem. The company will pay a settlement amount of ₹1,25,00,000 (One Crore Twenty-Five Lakhs) as full and final settlement, with no material adverse impact on financials or operations beyond the settlement payment.

  • · The original disclosure was made on February 26, 2024, under Regulation 30 of SEBI LODR Regulations.
  • · The dispute involved dishonour of certain cheques issued by Syschem to Lotus Builders for payment obligations.
  • · Post settlement, the parties will file applications for withdrawal/disposal of proceedings before NCLT.
  • · The company stated no material adverse impact on financials, operations, or other activities except for the settlement payment.
Pfizer Limited Corporate Action neutral materiality 3/10

04-06-2026

Pfizer Limited has published a newspaper notice regarding the transfer of unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF). Shareholders who have not claimed dividends for the financial year ended March 31, 2019, must do so by August 31, 2026, to prevent their underlying shares from being transferred to the IEPF. The company has also sent reminder letters to affected shareholders.

  • · Shareholders must claim unclaimed dividends for FY ended March 31, 2019, by August 31, 2026.
  • · Reminder letters were sent to shareholders on June 1, 2026.
  • · Claims require submission of self-attested PAN Card, proof of address, cancelled cheque leaf, and forms ISR-1, ISR-2, and SH-13.
  • · The company's Registrar and Transfer Agent is Kfin Technologies Limited (einward.ris@kfintech.com).
  • · The notice also includes a separate notice from Zee Media Corporation Limited regarding a special window for re-lodgement of transfer requests for physical securities, open from February 5, 2026 to February 4, 2027.
NHC FOODS LIMITED Corporate Governance neutral materiality 6/10

04-06-2026

NHC Foods Limited issued a clarification correcting the name of its wholly owned subsidiary from 'NHC FOODS UK LIMITED' to 'NHC INTERNATIONAL UK LIMITED' in a prior board meeting outcome. Concurrently, the board approved an investment of USD 24,295,000 (approximately £18,043,000) in NHC INTERNATIONAL UK LIMITED, funded by proceeds from a USD 27 million FCCB issuance. The subsidiary, incorporated on April 20, 2026, has yet to commence operations, and the investment is being made under the automatic route under FEMA.

  • · The subsidiary NHC INTERNATIONAL UK LIMITED was incorporated on April 20, 2026 under the Companies Act 2006 as a private company limited by shares in England and Wales.
  • · The investment is being made under the automatic route under FEMA; no prior government approval is required.
  • · The board meeting for this investment commenced at 5:30 pm and concluded at 6:00 pm on June 1, 2026.
  • · The FCCB issuance received in-principle approval from BSE on April 28, 2026 (reference no. LOD/FCCB/MV/FIP/146/2026-27).
  • · The subsidiary has not yet commenced business operations (turnover not applicable).
TBO Tek Limited Analyst/Investor Meet mixed materiality 8/10

04-06-2026

TBO Tek reported satisfactory Q4 FY26 results despite severe disruptions from the Middle East war that began in late February, with year-on-year growth in both revenue and profit. The company highlighted strong recovery in non-impacted markets and pockets of pre-war volumes in the Middle East and Israel, while expecting Q1 FY27 to be better than both Q4 FY26 and the prior-year quarter. However, EBITDA-to-GTV ratio remained flat at ~1% for three years, cash flow from operations turned negative in FY26 due to timing issues, and March was described as a 'complete washout' because of the war.

  • · Number of monthly transacting buyers grew 'very dramatically' YoY.
  • · Classic Vacations integration is about halfway complete; expected to be fully integrated by end of Q3 CY2026.
  • · SG&A spend began to taper off by Q4 after increasing in earlier quarters.
  • · March 2026 was a 'complete washout' due to the war; Jan and Feb showed strong operating leverage and EBITDA growth YoY.
  • · Q1 FY27 expected to be better than Q4 FY26 and better than Q1 FY26.
  • · Cash flow from operations negative in FY26 due to timing issues (Brazil anticipation, delayed trade receivables from war); expected to revert to historical EBITDA-to-cash conversion by year-end.
  • · Classic Vacations EBITDA-to-GTV margins are higher than TBO's core business; management not currently optimizing margins.
Aye Finance Ltd Analyst/Investor Meet neutral materiality 2/10

04-06-2026

Aye Finance Ltd informed exchanges about its participation in a group meeting/analyst conference organized by Choice Broking on June 10, 2026, via virtual mode. CFO Gaurav Seth will represent the company. The discussion will be based on publicly available information, and no unpublished price-sensitive information is intended to be shared.

  • · Meeting date: June 10, 2026 at 2:00 PM IST
  • · Meeting mode: Virtual
  • · Organizer: Choice Broking
  • · No unpublished price-sensitive information is intended to be discussed
Recode Studios Ltd Analyst/Investor Meet neutral materiality 2/10

04-06-2026

Recode Studios Ltd submitted the audio link of its earnings conference call for the half year and year ended March 31, 2026 to BSE under Regulation 30(6) of SEBI LODR Regulations. The call was held digitally on June 03, 2026 at 4:00 PM IST, and the recording is available on the company's website. This filing is procedural in nature and contains no financial performance data.

  • · Filing date: June 04, 2026
  • · Earnings call date: June 03, 2026 at 4:00 PM IST
  • · Audio recording link: https://shop.recodestudios.com/pages/earnings-call-investor-meet
  • · Reference is to Regulation 30(6) read with Schedule-III of SEBI LODR Regulations, 2015
  • · Scrip details: Symbol RECODE, ISIN INE2B6701015
Rico Auto Industries Limited Analyst/Investor Meet mixed materiality 8/10

04-06-2026

Rico Auto Industries achieved its highest ever annual revenue of ₹2,477 crore in FY26, up 12% YoY, driven by strong domestic and export demand. Adjusted EBITDA margin rose to 10.25% (excluding non-recurring items), but reported Q4 EBITDA margin fell to 7.1% due to ₹11 crore raw material lag settlement and ₹3.6 crore Labour Code impact. The company remains optimistic for FY27 with expected revenue crossing ₹3,000 crore, margin improvement beyond 10.25%, and exports growing 32%, despite ongoing geopolitical uncertainties.

  • · Aluminum business contributed 88% of FY26 revenue, ferrous business 12%.
  • · Working capital days improved significantly to 7 days in FY26 from 33 days in FY25.
  • · Operating cash flow stood at ₹331 crore in FY26.
  • · Net debt increased to ₹686 crore from ₹653.1 crore in FY25.
  • · Tamil Nadu government approved a subsidy of ~₹39 crore for the Hosur facility, accruing from FY27 over 10 years.
  • · 75% of customers (by value) have accepted the request to shorten raw material settlement cycle to monthly basis.
  • · First batch of railway components dispatched in late May 2026.
  • · Approximately 40 new product launches are planned in FY27, with revenue impact visible from Q3/Q4 onwards.
BirlaNu Limited Corporate Governance neutral materiality 5/10

04-06-2026

BirlaNu Limited has notified shareholders of a special window opened from February 5, 2026 to February 4, 2027, per SEBI circular, to facilitate transfer and dematerialisation of physical securities purchased/sold before April 1, 2019. The window also covers previously rejected/returned transfer requests if rectified and re-submitted within the period. All transfers will be processed only in demat form and will be subject to a one-year lock-in from the date of registration.

  • · The special window is open from February 5, 2026 to February 4, 2027.
  • · Transfers are only processed in dematerialised form and locked-in for one year from registration date.
  • · Cases involving disputes between transferor and transferee, and securities transferred to IEPF, are excluded.
  • · Transferees must submit original security certificates, transfer deed executed before April 1, 2019, proof of purchase, KYC documents, latest Client Master List (not older than 2 months), and an Undertaking-cum-Indemnity bond.
  • · Listed companies/RTAs must process transfer requests within 70 days from receipt of complete documentation.
  • · In case of non-delivery of objection memo or non-availability of documents, an advertisement must be published in one English national daily and one regional daily, with a 30-day objection period.
  • · Only a minimal fee may be charged for such advertisement.
  • · The circular is issued under SEBI Act, 1992 and relevant regulations.
Graviss Hospitality Ltd Corporate Governance neutral materiality 6/10

04-06-2026

Graviss Hospitality Ltd has issued a Postal Ballot Notice for two special resolutions: (1) the re-appointment of Mr. Romil Ratra as CEO & Whole-time Director for five years from March 1, 2026, and (2) approval for the expansion and development of The Mansion House (TMH) in Alibaug, including the sale of agricultural land by its wholly owned subsidiary Graviss Hotels and Resorts Ltd to Hotel Kanakeshwar LLP for ₹1,80,00,000 (₹1.8 Cr) and entering into a management agreement. The remote e-voting period runs from June 5, 2026 to July 4, 2026, with results announced on or before July 7, 2026. No financial performance data is provided in this filing.

  • · The re-appointment of Mr. Romil Ratra is proposed as a Special Resolution under Sections 196, 197, 198, 203 and Schedule V of the Companies Act, 2013.
  • · The sale of land (Gat 342, admeasuring 2760 sq m) to Hotel Kanakeshwar LLP is classified as a material related party transaction requiring Ordinary Resolution approval.
  • · The management agreement with HKLLP will be on similar terms to the existing agreement dated January 1, 2019.
  • · Cut-off date for determining eligible members is Friday, May 29, 2026.
  • · Remote e-voting period: June 5, 2026 (9:00 AM IST) to July 4, 2026 (5:00 PM IST).
  • · Results will be announced on or before Tuesday, July 7, 2026.
Bharat Gears Limited Merger/Acquisition neutral materiality 5/10

04-06-2026

Bharat Gears Limited has invested ₹1,27,39,980 (₹1.27 Cr) to acquire 13,134 equity shares (29.55% stake) in Hexa Energy HR5 Private Limited, a newly incorporated SPV promoted by Hexa Climate Solutions Private Limited, to procure solar power for its Faridabad and Mumbra units. The investment is aimed at curtailing power costs under a Power Purchase Agreement dated November 20, 2025. The target entity has nil revenue for the past three years (FY2024–2026), reflecting its early-stage status.

  • · The investment was made to meet requirements under applicable Electricity Laws for purchasing solar power.
  • · Hexa Energy HR5 Private Limited was incorporated on December 24, 2024, and has nil revenue from operations for FY2024, FY2025, and FY2026.
  • · The acquisition is not a related party transaction; the target entity and its promoter are not related to Bharat Gears' promoter/promoter group.
  • · The shares were allotted on June 02, 2026, with intimation received on June 03, 2026.
  • · The investment is a cash consideration of ₹1,27,39,980.
Jyoti CNC Automation Limited Analyst/Investor Meet mixed materiality 9/10

04-06-2026

Jyoti CNC Automation reported strong standalone growth for FY26, with revenue up 20% YoY to INR1,949 crore and EBITDA margin of 28.9%. However, consolidated results were impacted by a INR67 crore revenue reversal at Huron due to an ongoing export control investigation, leading to consolidated EBITDA margin of 25.2% and PAT of INR336 crore (up only 6% YoY). The company's order book remains robust at INR4,732 crore, and capacity expansion to 16,000 machines is on track for September 2026, but near-term profitability was dampened by the Huron deferment and cost overhang.

  • · Standalone Q4 revenue grew 13% YoY to INR599 crore, but growth was constrained by capacity utilization exceeding 100% during peak months.
  • · Consolidated EBITDA margin for Q4 FY26 stood at 24.6%, down from standalone margin of 31.9% due to the Huron revenue reversal.
  • · Order book composition: 38% aerospace & defense, 20% auto & auto components, 19% general engineering, 4% EMS.
  • · The company increased prices by 2-3% from May 1, 2026 to offset raw material cost inflation.
  • · Management indicated no specific timeline for resolution of the Huron investigation, noting that over 50 companies in Europe are under similar probes with no conclusions yet.
  • · Working capital is expected to improve as new capacity reduces manufacturing cycle time.
Mahindra & Mahindra Limited Company Update neutral materiality 1/10

04-06-2026

Mahindra & Mahindra Ltd. has announced a series of non-deal roadshows and investor meetings in London from June 9–11, 2026, hosted by Goldman Sachs, Jefferies, and GS Asia. The company states that no unpublished price-sensitive information will be shared during these events.

  • · The roadshow on June 9 is one-on-one only; the June 10 and June 11 events include both one-on-one and group meetings.
  • · All meetings are physical, held in London.
  • · No registration details or platform specifics provided.
Tata Investment Corporation Limited Corporate Governance neutral materiality 2/10

04-06-2026

Tata Investment Corporation Limited has informed the stock exchanges that it has sent letters to shareholders without registered email addresses, providing a QR code and weblink to access the Annual Report for FY 2025-26. The 89th Annual General Meeting is scheduled for July 1, 2026 via video conference, with the record date for the final dividend set as June 10, 2026. The filing is a procedural compliance update and contains no financial performance data.

  • · 89th Annual General Meeting scheduled for July 1, 2026 at 11:00 a.m. IST via VC/OAVM.
  • · Record date for final dividend: June 10, 2026.
  • · Cut-off date for e-voting eligibility: June 24, 2026.
  • · e-Voting period: June 27, 2026 (9:00 a.m.) to June 30, 2026 (5:00 p.m.).
  • · Dividend payment date: on or after July 2, 2026.
  • · Annual Report available on company website, NSDL, BSE, and NSE websites.
Bajaj Auto Limited Corporate Governance neutral materiality 5/10

04-06-2026

Bajaj Auto Limited has sent a communication to shareholders holding shares in physical mode whose KYC details are not updated, as mandated by SEBI's Master Circular dated February 6, 2026. The company warns that dividends for FY 2025-26 may be withheld if KYC details (PAN, address, mobile, email, bank account, specimen signature, nomination) are not updated. Additionally, the company will no longer issue payable-at-par warrants/cheques for dividends, moving entirely to electronic payment mode.

  • · SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated 06 February 2026 mandates KYC updation for physical shareholders.
  • · Dividend for FY 2025-26 may be withheld if KYC details are not updated.
  • · Shareholders can submit KYC documents physically, via email (einward.ris@kfintech.com), or through KFin Technologies' web portal.
  • · The company will no longer issue payable-at-par warrants/cheques for dividends, effective after the SEBI Listing Regulation (Fifth Amendment) Regulations, 2025 dated 18 November 2025.
  • · Shareholders are encouraged to dematerialize their shares.
Softtech Engineers Limited Analyst/Investor Meet positive materiality 6/10

04-06-2026

SoftTech Engineers reported a strong FY26 with key wins including a mandate from the Airport Authority of India for its CivitINFRA platform and the launch of the Civit TDR exchange platform with Mumbai Municipal Corporation. The company also introduced CivitTwin, an AI-agentic solution for building permit pre-checking, launched by the Chief Minister of Maharashtra. However, the transcript does not provide specific financial figures or period-over-period comparisons, making it impossible to assess revenue growth, profitability, or segment performance.

  • · Company founded ~30 years ago by Vijay Gupta, an IIT Mumbai graduate in structural engineering and computer science.
  • · STRUDS product competes with Bentley's STAAD in structural engineering, holding ~29-30% market share in India before the division was sold in 2011.
  • · Building permit solution (AutoDCR) deployed in over 1,500 cities and 18 states across India.
  • · CivitTwin launched at Mumbai TechFest by Chief Minister Devendra Fadnavis, featuring 12 AI agents for 24/7 building code checking.
  • · A version of CivitTwin has been launched for the German market.
  • · Company is working with National Highway Electrical Vehicle Authority to create an infrastructure portal for EV charging station permits.
  • · CivitBUILD has won projects from leading construction enterprises in India and is also deployed in the Middle East and African countries.
Amba Enterprises Ltd. Corporate Governance neutral materiality 6/10

04-06-2026

Amba Enterprises Ltd. has scheduled its 34th Annual General Meeting (AGM) for June 30, 2026, via video conferencing, and has set a record date of June 19, 2026, for the final dividend of ₹0.75 per equity share. The company is seeking shareholder approval for the re-appointment of Managing Director Mr. Ketan Harilal Mehta with a monthly salary of ₹11,66,667, and a revised annual remuneration of ₹13,00,000 for Executive Director Mrs. Sarika Bhise. Additionally, the company proposes related party transaction limits of up to ₹60,00,00,000 (Sixty Crores) with Shiv Shakti Enterprises for FY 2026-27.

  • · The AGM will be held on Tuesday, June 30, 2026 at 12:00 PM via Video Conferencing/Other Audio-Visual Means.
  • · Record date for final dividend entitlement is Friday, June 19, 2026.
  • · Register of Members and Share Transfer Books will remain closed from June 24, 2026 to June 30, 2026 (both days inclusive).
  • · Ordinary business includes adoption of audited financial statements for FY ended March 31, 2026, declaration of final dividend, and re-appointment of Mrs. Sarika Bhise as director retiring by rotation.
  • · Special business includes re-appointment of Secretarial Auditors M/s. Sark & Associates LLP for a term of 5 consecutive financial years (April 1, 2026 to March 31, 2031).
  • · Proposed related party transaction limit with Shiv Shakti Enterprises is ₹60,00,00,000 (Sixty Crores) for FY 2026-27 for purchasing material.
  • · Mr. Ketan Harilal Mehta is proposed to be re-appointed as Managing Director for 5 years from April 1, 2026 to March 31, 2031, with a monthly salary of ₹11,66,667 plus perquisites.
  • · Mrs. Sarika Bhise's revised annual remuneration is ₹13,00,000 for FY 2026-27, effective April 1, 2026.
  • · The notice and annual report are available on the company's website www.ambaltd.com.
Juniper Hotels Limited Merger/Acquisition neutral materiality 6/10

04-06-2026

Juniper Hotels Limited has executed a Share Purchase Agreement (SPA) on June 2, 2026, to acquire 100% of Juniper Hospitality Assets Private Limited (JHAPL), making it a wholly owned subsidiary. The acquisition is aimed at developing a 5-star hotel on a ~2.524-acre land parcel in Sector 23, Dwarka, New Delhi, for which JHAPL holds the license rights. The transaction is a related-party deal (common promoter Mr. Arun Kumar Saraf and his son Mr. Varun Saraf) and is not subject to arm's length pricing determination as JHAPL was recently incorporated with a minimum paid-up capital of ₹1 lakh only.

  • · JHAPL was incorporated on March 17, 2026, with a minimum paid-up capital of ₹1 lakh.
  • · The land parcel is approximately 2.524 acres in Sector 23, Dwarka, New Delhi.
  • · The acquisition follows a prior intimation (ref JHL/SJ/2026/32) dated May 21, 2026.
  • · The SPA was executed on June 2, 2026, and disclosed on June 4, 2026.
  • · No shares were issued as part of this transaction; it is a share purchase from existing shareholders.
Greenply Industries Limited Analyst/Investor Meet neutral materiality 3/10

04-06-2026

Greenply Industries Limited has announced a plant visit for investors and analysts on June 24, 2026, at its wholly owned subsidiary Greenply Sandila Private Limited in Hardoi, Uttar Pradesh. The visit, organized by Investec India, will showcase the company's new ContiRoll Technology for plywood manufacturing and include management interaction. No unpublished price-sensitive information (UPSI) will be shared during the event.

  • · The plant visit is scheduled for June 24, 2026, from 10:00 AM to 6:00 PM IST.
  • · The plant is located at Plot No H-2, Phase-II, Sandila Industrial Area, Raiso, Hardoi, Uttar Pradesh - 241204.
  • · The event is organized by Investec India.
  • · The schedule is subject to change due to exigencies on the part of participants or the company.
Sambhv Steel Tubes Limited Analyst/Investor Meet neutral materiality 1/10

04-06-2026

Sambhv Steel Tubes Limited has informed the stock exchanges about a scheduled virtual meeting with Choice Institutional Equities on June 10, 2026, as part of InsightX 2026. The company stated that no unpublished price-sensitive information will be shared during the meeting.

  • · Meeting mode: Virtual Group Conference
  • · Meeting duration: 1 hour (03:00 PM to 4:00 PM IST)
  • · Event: InsightX 2026
Mufin Green Finance Limited Analyst/Investor Meet mixed materiality 9/10

04-06-2026

Mufin Green Finance reported a strong Q4 FY26 with AUM growing 83.8% YoY to ₹1,541.17 crore and PBT surging 207.7% to ₹14.83 crore. The company is pivoting to high-margin digital products (Mediclaim financing at 39% of AUM, Salary Saathi at 2%), targeting ₹2,500 crore AUM and ₹80-90 crore PAT in FY27. However, the EV/Solar segment (30% of AUM) generates only 2-2.5% ROA, and headcount is being reduced from 499 to a target of 300, indicating ongoing restructuring.

  • · Quarterly AUM progression: Q1 FY26 ₹944 crore → Q2 ₹1,028 crore → Q3 ₹1,156 crore → Q4 ₹1,541.17 crore.
  • · Quarterly disbursements: Q1 FY26 ₹322 crore → Q2 ₹360 crore → Q3 ₹387 crore → Q4 ₹700 crore (highest ever).
  • · Disbursement per employee reached ₹4.21 crore in Q4 FY26.
  • · Borrowing cost reduced by 163 bps during FY26 from 13.80% in Q1 to 12.17% in Q4.
  • · Borrowing profile: DFIs 36.68%, NCDs 20.19%, NBFC/FIs 18.12%, PSU banks 14.60%, private banks 10.41%.
  • · Credit rating upgraded to A- (Stable) by Acuite in FY26; first rating was BBB in FY22-23.
  • · Provision coverage ratio stands at 35.95%.
  • · Debt to equity ratio at 2.43x; CRAR at 32.37% (well above 15% regulatory minimum).
  • · Equity capital of ~₹300 crore raised in FY26.
  • · Target for FY27: AUM ~₹2,500 crore, PAT ₹80-90 crore, Mediclaim AUM ~₹1,000 crore (50-60% of total), headcount ~300, borrowing cost below 10%, Gross NPA below 1.5%.
  • · Mediclaim product has CRISIL A+ (SO) securitization rating; average ticket size ₹55,000; tenure 2-36 months; IRR yield 18-24%.
  • · Salary Saathi average ticket size ~₹4 lakh; tenure up to 60 months; yield 12-20%.
  • · EV/Solar AUM split: B2C ₹166.04 crore, B2B ₹293 crore.
  • · Other Loans segment represents 29% of AUM.
  • · Company plans to focus on PTC and DA transactions in FY27 to avoid further equity dilution.

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