Top Corporate Updates | June 10, 2026
Reliance Industries, Meta Partner for AI Data Centre in Jamnagar
Reliance Industries Ltd. (RIL) has partnered with Meta Platforms to develop a 168 MW AI-enabled data centre in Jamnagar, Gujarat, marking Meta's first built-to-suit data centre in India. Expected to be operational within two years, the facility will support Meta's global AI infrastructure requirements and will be powered by renewable energy while utilizing desalinated water. Mukesh Ambani described the project as a transformative step for India's digital infrastructure, while Mark Zuckerberg highlighted it as a deepening of Meta's long-term commitment to India.
Nuvama Receives SEBI Approval for Mutual Fund Business
Nuvama Wealth Management Ltd. has secured SEBI's final approval to enter the mutual fund industry. Nuvama Asset Management Ltd. will serve as the asset management company for Nuvama Mutual Fund. The company plans to initially launch Specialized Investment Funds (SIFs) before expanding into broader mutual fund offerings, strengthening its integrated wealth and asset management platform.
Gabriel India Allots 3.36 Crore Shares Under Demerger Scheme
Gabriel India Ltd. has allotted 3.36 crore equity shares of ₹1 face value each to shareholders of Asia Investments Pvt. Ltd. under a composite scheme of arrangement approved by the NCLT. Following the allotment, the company's paid-up equity capital increased to 17.72 crore shares. The newly issued shares will rank pari-passu with existing equity shares and are proposed to be listed on both the BSE and NSE.
Pakka Reports Operational Challenges Despite Revenue Growth
Pakka Ltd. discussed its Q4 and FY26 performance during an investor conference call, highlighting funding constraints and execution challenges. The company reported an 8% year-on-year increase in Q4 revenue, although profitability remained under pressure. Management attributed FY26 challenges to a 40-day machine outage and aggressive pricing competition, while announcing plans to increase PM3 production capacity and focus on stabilizing Indian operations.
Om Metallogic Posts Strong FY26 Earnings Growth
Om Metallogic Ltd. reported strong financial performance for FY26, with revenue from operations rising to ₹7.51 crore from ₹3.99 crore in the previous year. Profit before tax increased to ₹6.55 crore, compared with ₹4.64 crore a year earlier. The company also reported growth in share capital and reserves during the financial year.
Max Heights Infrastructure Independent Director Resigns
Max Heights Infrastructure Ltd. announced the resignation of Manoj Kumar Pahwa as Non-Executive Independent Director with effect from June 9, 2026, citing personal and professional commitments. Pahwa also served as Chairperson of the Audit Committee and was a member of the Nomination & Remuneration Committee and Stakeholders Relationship Committee. The company stated that no other material reasons were cited for his resignation.
