Key Corporate Developments | June 2026
- Texmaco Rail & Engineering secured a ₹253.28 crore order from JSW (South) Rail Logistics for the manufacture and supply of BFNSM1 rakes and BVCM wagons. The contract is scheduled for execution within 13.5 months, strengthening the company's railway wagon order book.
- Chennai Petroleum Corporation (CPCL) received the prestigious Navratna status from the Government of India, enhancing its financial and operational autonomy and marking a significant milestone in its growth journey.
- Brooks Laboratories approved the sale of a portion of its stake in Brooks Steriscience for approximately ₹106.33 crore. The proceeds will support expansion plans, capacity enhancement, and other strategic growth initiatives.
- Syngene International shareholders approved the appointment of Kiran Mazumdar-Shaw as Executive Chairperson, along with the associated remuneration structure, through a postal ballot with strong shareholder backing.
- Prestige Estates Projects clarified reports regarding the monetisation of its hospitality business, stating that discussions remain at an evaluation stage and no material event currently warrants disclosure.
- DCM Shriram disclosed that the Income Tax Department has appealed before the Delhi High Court in a tax matter involving ₹35.83 crore related to AY2016-17. The company noted that a similar issue had previously been decided in its favour.
- Bharat Forge informed shareholders about TDS procedures for its proposed ₹6.50 per share dividend, with the dividend payout scheduled for August 14, 2026, subject to shareholder approval.
- Future Market Networks shareholders approved a preferential issue of equity shares and convertible warrants through a special resolution passed at the company's EGM.
- Pace Digitek announced an investor and analyst plant visit in Bengaluru on June 23, aimed at showcasing operations and engaging with the investment community.
- Schneider Electric Infrastructure clarified that recent reports linking its stock movement to a
