Markets

Elitecon International Secures Long-Term Supply Contract Valued at INR 2.02 Billion Elitecon International Ltd has secured a long-term supply contract for its tobacco products, marking a significant contract award in the international export sector. The order was awarded by Bozza Tobacco (PTY) Ltd, providing the company with substantial export visibility over the contract tenure.The contract, valued at INR 2.02 Billion, is for the supply of cigarettes and various tobacco-allied products, including brands such as Red and Black, B&W, Cape, Ossum, and Golden Flake.This long-term supply order is noted to provide the company with steady export visibility and supports the efficient utilization of manufacturing capacities. Experts suggest...

SEBI Eases Rules for Social Impact: NPOs Get Longer Window, Zero Coupon Bonds Subscription Cut to 50% In a significant move aimed at stimulating social capital and boosting non-profit funding, the Securities and Exchange Board of India (SEBI) has released a circular detailing major revisions to funding requirements for social enterprises. The regulatory changes specifically target Not for Profit Organizations (NPOs) accessing the Social Stock Exchange (SSE).The revisions, effective immediately, are designed to facilitate fund raising and encourage greater participation from the social impact sector. SEBI undertook this review in consultation with the Social Stock Exchange Advisory Committee (SSEAC).Key Changes Boost NPO Status on...

Alkyl Amines Chemicals Ltd. To Hold Board Meeting on May 5, 2026, to Approve FY2026 Results Alkyl Amines Chemicals Ltd. has scheduled a Board Meeting for Tuesday, May 5, 2026. The primary agenda of the meeting is to consider and approve the Audited Financial Results for the quarter and the full financial year ended March 31, 2026.During the meeting, the Board of Directors will also recommend a final dividend, if any, concerning the equity shares of the company for the financial year ending March 31, 2026.ALKYLAMINE Stock Price Movement On Wednesday, Alkyl Amines Chemicals Limited shares gained momentum, closing 1.88% higher to settle at ₹1404.7. The stock traded within a range of ₹1394.1 to ₹1412.8, recording a total volume of...

Axis Bank Allots Equity Shares Through ESOP Scheme, Increases Paid-Up Capital Axis Bank Ltd has announced the allotment of equity shares, marking an increase in the bank's paid-up share capital following the exercise of stock options and units under its ESOP/RSU Scheme.The bank allotted 1,17,723 equity shares, each carrying a face value of Rs. 2. This allotment occurred as part of the bank's ongoing ESOP/RSU Scheme, strengthening its capital base.The transaction resulted in a modest increase in the bank's paid-up capital. The financial details of the change are summarized below:MetricPre-Allotment StatusPost-Allotment StatusPaid-up CapitalRs. 6,216,644,200Rs. 6,216,879,646Total Equity Shares3,108,322,1003,108,439,823...

Syschem India Ltd Reports Cyber Fraud Incident Involving Rs. 1.96 Crore Funds Syschem India Ltd. has reported a significant incident involving the fraudulent transfer of funds due to cyber activity. The company identified that its funds were targeted through a cyber fraud scheme, specifically utilizing WhatsApp impersonation, resulting in a loss estimated at Rs. 1.96 Crore.The incident of unauthorized fund transfer was recorded on April 15, 2026, and was detected on the same date. The total amount involved in the transfer to unauthorized or fake accounts was Rs. 1,96,00,000/- (Rupees One Crore Ninety-Six Lakhs only).The company immediately initiated steps upon detecting the fraud to prevent further financial loss and to commence a...

Punjab National Bank Announces Senior Management Change; Smt. Mousumi Majumdar Appointed Group Chief Risk Officer Punjab National Bank has announced a change in its senior management, effective from April 15, 2026. The bank confirmed the appointment of Smt. Mousumi Majumdar to the role of Group Chief Officer Risk Leneral ' Chief Manager.Smt. Mousumi Majumdar has extensive experience in the banking sector, holding a Bachelor of Science (Chemistry) degree and being a Certified Associate of Indian Institute of Bankers (CAlIB). She brings over 34 years of banking expertise to her new capacity.The details of the management transition are as follows:DetailPrevious AssignmentNew AssignmentSmt. Mousumi MajumdarChief General Manager...

Suryachakra Power Corporation Reschedules Board Meeting for Q4 Results, Considers Name Change and Major Acquisitions Suryachakra Power Corporation Limited has rescheduled its Board of Directors meeting. Originally set for April 14, 2026, the meeting will now take place on Saturday, April 18, 2026. The primary agenda includes considering and approving the Unaudited Standalone Financial Results for the company for the quarter ended March 31, 2026.The company confirmed that the Trading Window for designated persons remains closed from Wednesday, April 1, 2026, until 48 hours after the financial results are made public.During the board meeting, the corporation plans to address several key corporate and operational matters. Key agenda...

Mold-Tek Packaging Ltd to Hold Board Meeting to Consider First Interim Dividend for FY 2025-26 Mold-Tek Packaging Ltd announced that a meeting of its Board of Directors is scheduled for Monday, April 20, 2026. The primary purpose of the meeting is to consider the declaration of the First Interim Dividend for the Financial Year 2025-26.The company also announced the specific record date for identifying eligible shareholders for the dividend.Event DetailDatePurposeBoard MeetingMonday, April 20, 2026To consider declaration of First Interim Dividend for the Financial Year 2025-26.Record DateFriday, April 24, 2026For determining the eligibility of members for payment of interim dividend, if declared.In addition to the...

Hexaware Technologies Ltd. to Hold Board Meeting to Approve Q4 Financial Results Hexaware Technologies Ltd. has announced that its Board of Directors is scheduled to meet on Wednesday, May 06, 2026. The board meeting is intended to consider and approve the audited standalone and consolidated financial results of the Company. These results cover the quarter that ended March 31, 2026.During the meeting, the board will also review and approve the audit report provided by the Statutory Auditors regarding the financial results for the quarter.HEXT Stock Price Movement On Wednesday, Hexaware Technologies Limited shares edged higher, settling at ₹482.90, reflecting a strong gain of 2.02%. The stock registered notable institutional...

ELANTAS Beck India Ltd. Fixes Record Date for 70th Annual General Meeting ELANTAS Beck India Ltd. has announced the record date for the purposes of its 70th Annual General Meeting (AGM) and determining shareholders who are entitled to a dividend.The Board of Directors has fixed Tuesday, May 05, 2026, as the official Record Date. Shareholders must hold equity shares by this date to be considered for the purposes of the AGM and dividend payout.The 70th Annual General Meeting is scheduled to take place on Tuesday, May 12, 2026. The meeting will determine the dividend payment for the financial year 2025.Details concerning the Annual General Meeting and the Record Date are presented below:Scrip CodeType of SecurityRecord...

GST Penalty Dropped for Subsidiary of Zydus Lifesciences Ltd Zydus Lifesciences Ltd reports that German Remedies Pharmaceuticals Private Limited (GRPPL), a wholly owned subsidiary of Zydus Healthcare Limited and a subsidiary of the company, has successfully had a penalty order dropped following an appeal. The penalty related to the alleged excess availment of Input Tax Credit for the financial year 2018-19.The company initially informed stakeholders that GRPPL had received a Demand Order-In-Original pertaining to a penalty of Rs. 1.66 million for the financial year 2018-19.GRPPL subsequently filed an appeal against this order before the Office of the Commissioner, Central GST, Appeal Ahmedabad Commissionerate.The company confirmed...

Artson Ltd. Reports Enhancement in Order Value from Sadhav Offshore Engineering Artson Ltd. has announced an enhancement to a contract awarded by M/s Sadhav Offshore Engineering Pvt. Ltd. The company stated that it received an amendment to a Letter of Intent/Award, significantly revising the total value of the order.The initial disclosure, made on January 30, 2025, concerned a Letter of Intent/Award from M/s Sadhav Offshore Engineering Pvt. Ltd. The original value of this award was Rs. 61.54 Cr., including taxes.Artson Ltd. confirmed today, April 15, 2026, that the awarded order has been amended, resulting in a revised total order value of Rs. 72.05 Cr. This represents an enhancement of Rs. 10.50 Cr., also including taxes.The...

GHV Infra Projects Secures Rs. 815 Crore Construction Contract for Civil Works in Maharashtra GHV Infra Projects Ltd has entered into a significant Construction Contract with APCO Infratech Private Limited for undertaking road construction work and various miscellaneous civil works within the state of Maharashtra. The agreement formalizes the company's participation in major infrastructure development projects.The construction contract awarded by APCO Infratech Private Limited specifies the execution of comprehensive civil works. This partnership underscores the company's capacity to handle large-scale infrastructure development projects in the region.According to the details of the contract, the total consideration is Rs. 815...

Vishnu Chemicals Ltd Announces Temporary Shutdown of Visakhapatnam Plant for Routine Maintenance Vishnu Chemicals Ltd has announced that its Parwada plant located in Visakhapatnam, Andhra Pradesh, will undergo a temporary shutdown for routine maintenance activities.The shutdown is scheduled to commence on April 15, 2026. The company anticipates that the maintenance work will continue for an approximate period of three weeks.Vishnu Chemicals stated that the temporary closure is part of ongoing efforts aimed at ensuring optimal plant performance and improving overall operational efficiency at the facility.The company confirmed that it will keep the stock exchanges informed once the plant resumes its normal operations.VISHNU Stock...

IKS Health Launches MyCareHub Agentic AI Platform for Personalized Patient Engagement IKS Health, a global leader in care enablement solutions, has unveiled MyCareHub, an agentic AI self-orchestrating platform designed to revolutionize patient engagement throughout the entire healthcare journey. The launch was featured at the annual conference of the American Medical Group Association (AMGA) on April 15, 2026.MyCareHub is a novel care model integrated with Epic and available in the Epic Connection Hub. The platform utilizes an active, aware, and constant multi-agent behavioral algorithm to create a patient engagement operating system that is adaptive, autonomous, and centered on the patient."MyCareHub is not the patient engagement...

Bank of Maharashtra Board Meeting Scheduled for April 2026 to Consider FY 2025-26 Results, Dividend, and Capital Proposal Bank of Maharashtra has scheduled its Board of Directors meeting for Monday, April 20, 2026. The meeting aims to address crucial financial and strategic matters, including the consideration of the bank's audited results for the year ended March 31, 2026.The board agenda includes key financial considerations for the quarter and year ending March 31, 2026.The primary items for consideration and approval at the meeting are detailed below:Agenda ItemScopePeriod EndedAudited Financial ResultsConsideration and Approval of Standalone & Consolidated Financial results.March 31, 2026Final DividendConsideration of...

GTPL Hathway Reports Resilient Financial Results for FY26, Highlights Growth in Broadband Services Ahmedabad, April 15, 2026: GTPL Hathway Limited, India's largest Digital Cable TV Service Provider and a leading Broadband Service provider, today announced its Financial Results for the Quarter and Financial Year ended March 31, 2026.The company reported strong overall performance, with consolidated figures showing growth across both its Cable TV and Broadband segments.Key Financial Performance Highlights (FY26) The following tables summarize the key consolidated business and financial highlights for the financial year ending March 31, 2026.MetricFY26 Annual GrowthGrowth in Total Revenue₹ 2,394 MnGrowth in Broadband Revenue₹...

NESCO Ltd Assures Compliance and Cooperation Following On-Premises Incident NESCO Ltd issued a statement regarding a recent incident at its premises, expressing condolences to the families of those who lost their lives and hoping for the recovery of the individual currently undergoing treatment.The company emphasized that the safety and well-being of all visitors remain a paramount concern. NESCO stated that it is extending its full cooperation to the investigating authorities, providing all necessary assistance to support a comprehensive and timely inquiry.The company affirmed its commitment to adhering to legal protocols, noting that it has at all times complied with applicable laws, regulatory requirements, and prescribed...

RailTel Corporation Secures Major Order for Minor Minerals Monitoring IT Solution RailTel Corporation of India Ltd. has announced the receipt of a Letter of Intent (LoI) from the Divisional Commissioner, Konkan Division, securing a significant contract for developing and maintaining integrated IT solutions.The agreement concerns the selection of a System Integrator for the Development and Maintenance of an Integrated IT solution aimed at monitoring minor minerals. This domestic contract was finalized on April 15, 2026, with the order receipt registered at 17:13 IST.The financial scope of the agreement, as detailed in the LoI, specifies an estimated size of order amounting to Rs. 1,00,00,00,000/- (Excluding Tax). This contract is...

India Glycols Limited Receives Tax Order from Gujarat Authority India Glycols Limited has reported details regarding an order passed by the Deputy Commissioner of State Tax, Appeal-4, (Mehsana) Gujarat, pertaining to a tax appeal filed by the company. The order, dated April 15, 2026, addresses a previous penalty levied by the State Tax Officer (Mobile Squad, Amirgadh) via an Impugned Order dated November 25, 2024.The Appellate Authority’s order on April 15, 2026, significantly modified the previous assessment. The Authority set aside the entire penalty amount of Rs. 7,20,570 (IGST). However, the Deputy Commissioner of State Tax, Appeal-4, imposed a new penalty of Rs. 10,000 (IGST). This penalty was attributed to a clerical mistake...