Key Corporate Announcements
 Maruti Suzuki India

Production up 1.4% YoY in May, reaching 1.95 lakh units, compared to 1.93 lakh units in May 2024.

 Adani Enterprises

Denies allegations by The Wall Street Journal linking the company to sanctioned Iranian LPG, calling them “baseless and mischievous.”

 Reliance Infrastructure

To pay ₹92.68 crore to Dhursar Solar Power as per an energy purchase agreement.

 United Breweries

Announces closure of operations at its Mangalore brewery unit.

 Man Industries

Board approves fundraising of up to ₹300 crore via preferential allotment.

 Grasim Industries

Approves ₹1,000 crore fundraising via NCDs through private placement.

 TVS Supply Chain Solutions

Filed an appeal before the appellate tribunal against EPFO’s reassessment order.

 UCO Bank

Appoints Sumit Khandelwal as Chief Financial Officer (CFO).

 ISGEC Heavy Engineering

National Green Tribunal (NGT) permits resumption of operations at its Muzaffarnagar unit.

 Frontier Springs

Received an order worth ₹92.6 crore from Rail Coach Factory (Kapurthala) and Modern Coach Factory (Raebareli).

 Salzer Electronics

Forms Effilume Private Ltd., an SPV to implement a ₹192 crore energy efficiency project in Bengaluru, under BBMP.

 Jindal Stainless

Acquired 33.64% stake in Oyster Renewable’s 282 MW SPV.

 HCLTech

Signed a strategic agreement with UiPath to boost agentic automation and establish an AI Lab in India.

 Sarda Energy & Minerals

Received approval from Chhattisgarh Environment Conservation Board to expand production capacity.

 Star Cement

Commenced commercial production of AAC blocks at its Assam unit.

 Veritas (India)

A major fire at an adjacent UAE terminal spread to its subsidiaries’ office.

No casualties reported.

Insurance coverage is in place.

CFO Rajaram Shanbhag has resigned.

 Awfis Space Solutions

Secured a loan facility of ₹80 crore, including a ₹30 crore overdraft, to fund capital expansion and new centers.

 Britannia Industries

Strike at the Jhagadia plant (Gujarat) has been called off.

 Punjab & Sind Bank

Swarup Kumar Saha’s tenure as MD & CEO extended by the Ministry of Finance.

 Biocon

Granted approval to market Liraglutide, a diabetes drug, in India.

 ITC Ltd.

GQG Partners increased its stake via a bulk deal on May 28, reinforcing confidence in the consumer goods major.