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SIS announces share buyback worth up to Rs 120 cr
SIS Limited, a prominent security and facility management firm, has announced its fifth share buyback program, aiming to repurchase shares worth up to Rs 120 crore. This move, priced at a 10% premium to its recent closing price, will bring the total capital returned to shareholders since 2017 to approximately Rs 720 crore.
Buyback alert! This security solutions stock rallied 12% on buyback update. Do you own?
Security solutions provider SIS saw its shares surge over 12% on Wednesday, reaching a 52-week high. This rally follows the announcement that the board will meet on June 29 to consider a share buyback proposal. The company, which offers security, facility management, and cash logistics, reported strong financial growth in FY26, with revenue up over 21% and operating profit by 24%
Ircon International JV secures contract worth Rs 763 cr
The scope of the work includes Design, Engineering, Manufacture, Assembly, Inspection, Testing at Manufacturer's Works before Dispatch, Packing, Supply, Delivery at Site, Including Insurance during Transit, Subsequent Storage at delivery location(s), Erection, Testing and Commissioning of Under Ground Power Cable Network (HT & LT), Smart Grid Applications including Supervisory Control and Data Acquisition (SCADA), Advanced Distribution Management System (ADMS), Outage Management System (OMS), GIS Mapping & integration, Under Ground OFC Communication System by laying of Optical Fiber Cable (OFC), Integration with third party IT application softwares & hardwares (such as Billing, ERP, & CIS) along with Underground Power Cable and establishment of Smart Grid Control Centre (Main & Backup) with Distribution Network Automation (DNA) including facility management and O&M of system in Agartala Municipality Area, Tripura (Package-A) of Agartala Smart Grid.
Sebi proposes easing margin trading funding rules, tighter broker norms
SEBI has proposed reforms to the Margin Trading Facility, including increasing broker net-worth requirements to Rs 5 crore, permitting LLPs to offer MTF, and expanding funding avenues. These changes aim to enhance operational efficiency and strengthen risk management for brokers.
Holiday home operator Elivaas plans new funding round; targets 1,200 villas
Elivaas, a holiday home operator, is preparing for its next fundraising round to fuel expansion. The company plans to double its villa count by year-end. India's growing interest in second homes is creating new opportunities in professionally managed villa rentals. Elivaas partners with property owners, offering hospitality services and management.
3i Infotech secures IT services contract from Hindustan Petroleum Corporation
3i Infotech has received an IT services contract worth Rs 37.05 crore from Hindustan Petroleum Corporation (HPCL), for providing Facility Management Services (FMS) across HPCL locations for three years.
Power Grid approves ₹485 crore upgrade of power monitoring systems
State-run Power Grid has approved a ₹485 crore project to upgrade systems used to monitor and manage India's electricity network. The company has also secured a Japanese loan facility worth ¥80 billion to support its funding requirements and approved key management appointments.
Krystal Integrated Services bags ₹24 crore Maharashtra Sadan facility management order
Shares of Krystal Integrated Services Ltd ended at ₹575.25, down by ₹2.75, or 0.48%, on the BSE.
Listed brokers, exchanges rake in profits even as war clouds linger
India's listed brokers and exchanges reported robust March quarter earnings, driven by a surge in Margin Trading Facility (MTF) and a favorable base effect. Increased market volatility, strong commodity trading, and elevated VIX levels also boosted volumes. Brokers are diversifying income streams beyond core broking, evolving into 'pseudo-NBFCs' with offerings like wealth management and insurance.
Urban Vault to generate Rs 50 crore from design, fit-out, and facility management business
Urban Vault anticipates Rs 50 crore revenue by FY 2026-27. Large companies are increasingly outsourcing office design, fit-outs, and facility management. This trend allows businesses to focus on core operations. Urban Vault recently completed a large office project in Mumbai within 90 days. The company manages over 2.80 million sq. ft. nationally. Strong growth is projected for FY2025-26.
Hong Kong’s Crown Worldwide plans to double India investments in two years
Crown Worldwide Group is set to invest an additional $30 million in India over the next two years. This expansion includes a new integrated storage and information management facility in Coimbatore. The company aims to double its capacity in one of its fastest-growing global markets. This move will support rising demand for secure storage and digitisation solutions in India.
ABDL wins best factory award for its Rangapur unit
Allied Blenders and Distillers (ABD) has been awarded the Best Factory/Management Award for its integrated manufacturing facility at Rangapur, Wanaparthy district, Telangana. The recognition was conferred by the Labour, Employment, Training & Factories Department (LET&F), Government of Telangana, during the Labour Day celebrations held on 1st May 2026.