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In its order, the market regulator found that the company did not take prior approval from the stock exchange for converting non-convertible debentures (NCDs) into a term loan way back in March 2021

Capital markets regulator Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company for violating disclosure norms.

By not making such disclosures, the company violated the provisions of LODR rules and accordingly, Sebi imposed a "penalty of Rs 7 lakh on the noticee viz. Shapoorji Pallonji and Company Pvt. Ltd".

In its order, Sebi found that Shapoorji Pallonji and Company did not take prior approval from the stock exchange for converting non-convertible debentures (NCDs) into a term loan way back in March 2021.

This includes a principal amount of Rs 98.35 crore and Rs 27.78 crore for repayment of term loan, , Future Enterprises

Three listed entities of debt-ridden Future Group -- Future Enterprises, Future Consumer and Future Lifestyle Fashions -- on Friday reported defaulting on their payment obligation

Future Lifestyle Fashions Ltd (FLFL), in a regulatory filing, reported a default of Rs 335.08 crore on the principal amount.

Axis Bank, Future Enterprises, Lupin, PNB Housing Finance, Tata Consumer are the stocks to watch in today, even as SGX Nifty indicates a steady start to the benchmark Nifty 50.

Stocks to watch out for today: RIL, Gujarat Gas, Pan Electronics, Smruthi Organics, Paten Engg, and NCC

Read more about Hero MotoCorp, Eicher Motors, ITC in spotlight on Business Standard. Hero MotoCorp sold 183,044 units of two-wheelers in the month of May 2021. Sales in the month of May 2021 were adversely impacted due to the closure of plant operations in view of the escalation in the spread of the Coronavirus in the country.