Markets

Reliance Industrial Infrastructure Limited Announces FY2026 Results, Recommends Dividend of ₹3.50 Per Share Reliance Industrial Infrastructure Limited announced the approval of its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors recommended a dividend of ₹ 3.50 per Equity Share of ₹ 10/- each for the financial year.The Company's Board of Directors held a meeting on April 15, 2026, where they approved the Audited Financial Statements (Consolidated and Standalone) for the financial year ended March 31, 2026, and the corresponding Audited Financial Results for the quarter and year ended March 31, 2026.Dividend Recommendation The Board of Directors recommended a dividend of ₹ 3.50 per...

Samvardhana Motherson International Limited Reports Merger of Subsidiaries to Streamline Corporate Structure Samvardhana Motherson International Limited has announced the merger of two of its subsidiaries, resulting in a simplified corporate structure aimed at increasing operating efficiency. Samvardhana Motherson Innovative Autosystems B.V. & Co. KG, known as SMIA, has merged into SMIA Technology Germany GmbH, referred to as SMIA Technology. Both entities are indirect wholly owned subsidiaries of Samvardhana Motherson International Limited.The merger was officially registered at the Commercial Register on April 2, 2026. Following this registration, SMIA ceased to exist effective March 31, 2026.The merger involves the integration of...

Reliance Industrial Infrastructure Reports Audited Financial Results for Q4 FY26 Reliance Industrial Infrastructure Limited today announced its audited financial results for the quarter and year ended March 31, 2026. The company provided detailed figures for both consolidated and standalone financial performance, noting year-over-year changes in key metrics.Financial Highlights The company's financial performance for the quarter was marked by specific shifts in total income across both consolidated and standalone entities.According to the media release, the total income declined to ₹1,372 lakh for the quarter ended March 31, 2026, compared to ₹1,894 lakh for the same period in the previous year. This decrease was attributed to the...

Tejas Networks Announces Q4 FY26 Results, Reports Indian Expansion and International Orders Bengaluru, April 15, 2026: Tejas Networks Limited, a designer, developer, manufacturer, and seller of high-performance telecom and networking products, today reported its financial results for the fourth quarter and full year ended March 31, 2026.Tejas Networks, which builds high-speed communication networks, announced key financial figures for the period. The company reported the following performance metrics:Financial Metric04-FY26 (Rs. Cr)Q4-FY25 (Rs. Cr)FY26 (Rs. Cr)FY25 (Rs. Cr)Net Revenue3331,9071,1038,923PBT(281)(45)(1,354)698PAT(211)(72)(909)447Arnob Roy, Chief Operating Officer (COO) of Tejas Networks, highlighted the...

Samvardhana Motherson Subsidiary Motherson SAS Imposed Penalty by California Tax Board Samvardhana Motherson International Limited reported that its indirect wholly owned subsidiary, Motherson SAS Automotive Services USA Inc. (Motherson SAS), was subjected to a penalty by the State of California Franchise Tax Board (SCFTB).The penalty arises from the review of the Income and Tax computation return filed for the year ended March 31, 2025. The SCFTB determined that the penalty was due to the classification of sales and/or vendor details. Specifically, the authority noted that certain sales were categorized as foreign, which consequently impacted the calculation of eligible tax for Motherson SAS.The directive or order regarding the...

Radiant Cash Management Services Reports Irregularities at Subsidiary Following Fraud Investigation Radiant Cash Management Services Limited has reported an incident involving unauthorized and fraudulent activities within its subsidiary, Aceware Fintech Services Private Limited (RadiantAcemoney). The irregularities were discovered during routine operational monitoring and relate to the misuse of system access credentials used for facilitating Domestic Money Transfer (DMT) transactions.The investigation confirmed that the fraud was carried out by a former employee in collusion with certain external parties. These unauthorized activities involved increasing the dashboard balances of Business Correspondent (BC) Agents and conducting...

Suraj Estate Developers Acquires Land in Dadar, Eyes ₹100 Crore GDV Project in South Central Mumbai Mumbai, April 15, 2026: Suraj Estate Developers Limited, a prominent real estate developer operating in South Central Mumbai, has announced the acquisition of land in Dadar (West). The acquired plot, located at G/North ward, Dadar (West), presents a development opportunity with an estimated Gross Development Value (GDV) of approximately ₹100 crores.The acquisition involved an initial cost of ₹8.53 crore for a plot measuring 2,200 sq ft. Based on the calculation of the acquisition cost, plus the stamp duty market value of the area to be handed over to the land owners, plus the stamp duty cost, the total acquisition cost amounted to...

Quadrant Future Tek Secures Contract from Patiala Locomotive Works for KAVACH Loco Equipment Quadrant Future Tek Ltd has announced the successful receipt of a Letter of Acceptance for a significant contract from Patiala Locomotive Works (PLW). The agreement covers the supply, installation, testing, and commissioning of Onboard KAVACH Loco Equipment Ver- 4.0, including a warranty.The contract, secured on April 15, 2026, holds a value of Rs. 20,19,27,500/- (Rupees Twenty Crores Nineteen Lakhs Twenty-Seven Thousand Five Hundred Only), including taxes.The order is classified as a domestic contract and pertains to the technical offer for the supply, installation, testing, and commissioning of the advanced KAVACH Loco Equipment. The...

Lotus Chocolate Company Ltd Announces Audited Financial Results for March 31, 2026 Lotus Chocolate Company Ltd has announced the approval of its Audited Financial Statements and corresponding Audited Financial Results for the quarter and full financial year ended March 31, 2026. The company stated that the Board of Directors approved the results, following recommendations from the Audit Committee.The company's financial performance details for the fiscal year ended March 31, 2026, are available through the audited results, which were reviewed by Deloitte Haskins & Sells LLP, who issued an auditor's report with an unmodified opinion.Financial Performance Snapshot (In Lakh) The financial results for the year ending March 31, 2026...

Sagility Ltd Receives Income Tax Assessment Order for AY 2023-24 Sagility Ltd, formerly Sagility India Limited and earlier Sagility India Private Limited, has received its final income tax assessment order for the Assessment Year 2023-24, corresponding to the financial year 2022-23. The order was received from the Assessment Unit, Income Tax Department, on April 14, 2026, at 19:45 IST.The assessment process involved the Income Tax Authority making transfer pricing adjustments to the returned income of AY 2023-24, totaling Rs. 189,50,16,208. This action resulted in an income tax demand of Rs. 100,00,36,187, which includes interest.The details of the tax assessment are summarized below:DetailDescriptionAuthorityAssessment Unit...

Allcargo Terminals Reports Strong March 2026 Volumes: Total TEUs Reach 58.6 '000 Allcargo Terminals Limited released its operational update for the month ended March 2026, highlighting significant growth in container volumes. According to the key business parameters reviewed by the management, the company reported that total volumes in March 2026 reached 58.6 '000 TEUs.This represents a sequential increase of 2% compared to February 2026 volumes, and a year-over-year growth of 4% compared to March 2025.The company's operational infrastructure includes the ICD, which operates as a joint venture with CONCOR.The operational trend for Allcargo Terminals CFS & ICD Volumes ('000 TEUs) across several months was noted as follows...

UFO Moviez India Partners with China's CINITY for Hollywood Approved Premium Large Screen Experience Mumbai, April 15, 2026 - UFO Moviez India Limited (UFO), identified as India's largest cinema integrator, announced an exclusive tie-up with the China Film Group for CINITY, a Hollywood approved Premium Large Screen Format (PLF), for the Indian market. The collaboration aims to offer cinema-goers in India an unparalleled, larger-than-life cinematic experience.Tony Zhang, CEO from China Film Technology Co., Ltd., highlighted that CINITY is designed to creatively integrate the best qualities of modern cinema technology. The format incorporates 4K resolution, 3D, high brightness, high frame rate (HFR), high dynamic range (HDR), a wide...

Fino Payments Bank Migrates to Finacle CBS to Boost Capacity for Small Finance Bank Status Fino Payments Bank Limited announced a major technological milestone on April 15, 2026, successfully completing the migration of its Core Banking System (CBS) to Finacle. This upgrade establishes a scalable, modular, and future-ready technology platform designed to support the Bank's anticipated growth trajectory, including its transition to a Small Finance Bank (SFB).The migration represents a significant strategic investment, valued at over ~ ₹ 200 crore, aimed at building a robust digital foundation for the bank. The transition was executed through a carefully phased approach, though the Bank noted a temporary moderation in business volumes...

Mold-Tek Technologies Plans to Use Preferential Issue Proceeds for Nashik Branch Expansion Mold-Tek Technologies Ltd has announced the utilization plan for the proceeds generated from its proposed Preferential Issue of Equity Shares. The funds are earmarked entirely for capital expenditure related to the construction of the company's new branch office building in Nashik.According to the company, the proposed capital expenditure totals Rs. 4,75,60,000. This allocation represents 100% of the total proceeds from the preferential issue.The details of the proposed expenditure are outlined as follows:Type of ExpenditureParticularsAmount (Rs.)% of total proceedsCapital ExpenditureConstruction of the company's new branch office...

ICICI Lombard General Insurance Approves FY26 Results, Recommends Dividend, and Key Appointments ICICI Lombard General Insurance Company Ltd announced that its Board of Directors, at a meeting held on April 15, 2026, approved the Audited Financial Statements and Audited Financial Results for the quarter and financial year ended March 31, 2026. The Board also recommended a final dividend and approved significant updates regarding statutory auditors, director appointments, and employee stock incentives.The company confirmed that the joint statutory auditors, PKF Sridhar & Santhanam LLP and Walker Chandiok & Co. LLP, have issued an audit report with an unmodified opinion on the financial results.Financial Highlights and Dividend...

Savera Industries Ltd. to Discuss New Fitness Gym Launch in Chennai Savera Industries Ltd has scheduled a meeting of its Board of Directors to review the expansion plans for its fitness vertical. The Board meeting is set for Saturday, April 18, 2026, at 03:30 p.m. at the Company's registered office.The primary agenda item for the meeting is the consideration of opening a new Fitness Gym in Chennai. The facility will operate under the Company's own brand name, O2 Health Studio.Stock Price Movement Savera Industries Ltd shares settled at ₹161.30 on Wednesday, gaining 0.66% in today's session. Throughout the day, the stock experienced movement, trading between a low of ₹159.95 and a high of ₹170.00.Source:

TARC Limited Builds Momentum with Delivery Milestones and Expansion of Luxury Pipeline New Delhi, April 15, 2026: TARC Limited, a leading Luxury Residential Real Estate Developer based in New Delhi, reported a robust performance in FY2026, underpinned by significant development milestones and the expansion of its luxury product pipeline. The company continues to demonstrate momentum through its newly launched and upcoming developments, focusing on long-term value creation.Key Development Milestones Achieved The company highlighted three major luxury developments, detailing their scale and execution status:TARC Tripundra: Located in Pushpanjali Greens, this boutique luxury development comprises three towers and 187 luxury...

Vikram Kamats Hospitality Ltd Allots Equity Shares Following Warrant Conversion Vikram Kamats Hospitality Limited, formerly known as Vidli Restaurants Limited, has announced the allotment of a total of 7,65,325 Equity Shares. The shares were allotted upon the conversion of warrants held by several institutional and promoter entities.The Company's Allotment Committee approved the allotment of equity shares of face value of ₹10/- each, based on the conversion of 7,65,325 warrants and the receipt of the balance 70% of the subscription money. These newly allotted equity shares rank pari passu with all existing equity shares of the Company.Allotment Breakdown The equity shares were allotted to the following entities:Allottee...

Vikran Engineering Ltd Credit Rating Reaffirmed at ‘A-’ Amid Negative Outlook Revision Vikran Engineering Ltd has announced a revision to its credit rating outlook from India Ratings & Research. The company's rating has been reaffirmed at 'A-', though the outlook has been adjusted from 'Stable' to 'Negative'.The revision in the rating outlook is attributed to the company's current growth phase. India Ratings & Research noted that continued deployment of cash flow and an elevated working capital cycle, particularly related to new Solar projects, may temporarily moderate the company's cash flows, suggesting a possible constrained cash flow position during fiscal years 2026 and 2027.The reaffirmation of the credit rating remains at...

Orient Tradelink Ltd Acquires Exclusive Rights to Spiritual Feature Film 'Children of God' Orient Tradelink Limited has announced the acquisition of exclusive rights to the upcoming spiritual feature film, 'Children of God'. The film was produced by Aum Sportainment Pvt. Limited, marking a strategic expansion for Orient Tradelink into the 'Spiritualainment' sector.The acquisition was formalized through an agreement reached on January 14, 2026. Under this exclusive arrangement, Orient Tradelink Limited assumes complete responsibility for the marketing, presentation, promotion, and merchandising of the film across both Indian and international markets.Transaction Details The core terms of the acquisition include:ParameterDetail...