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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...

Barak Valley Cements Acquires Shares of Meghalaya Minerals and Mines Limited Through Loan Conversion Barak Valley Cements Limited has announced the acquisition of an additional 7,06,500 equity shares in Meghalaya Minerals and Mines Limited. The transaction, which involved the wholly owned subsidiary, was executed through a preferential allotment resulting from the conversion of an outstanding loan.The details confirm that the conversion was made on 31st March 2026. The total outstanding loan amounting to ₹4,09,77,000 was converted into 7,06,500 fully paid up equity shares, which have a face value of Rs 10/-. The shares were allotted at a price of ₹58/- per share, which includes a share premium of ₹48/- per share.The acquisition...

Bikaji Foods International Ltd. to Hold Board Meeting to Approve FY26 Financial Results Bikaji Foods International Ltd. announced that its Board of Directors will convene a meeting on Thursday, May 21, 2026. The primary objective of the meeting is to review and approve the financial performance for the quarter and the full financial year ended March 31, 2026.During the meeting, the board is scheduled to consider several key items related to the company's financial standing and governance.The agenda includes the following points:ItemPurpose of ConsiderationDetails1Approval of Financial ResultsAudited Standalone and Consolidated Financial Results for the quarter and financial year ended on March 31, 2026. This includes the...

JK Tyre Approves Rs. 1.31 Crore Investment in Roofsol Renewables for Captive Power JK Tyre & Industries Limited has approved an investment of up to Rs. 1.31 Crore to acquire 26% equity shares in Roofsol Renewables Five Pvt. Ltd. (RRFPL). The investment aims to ensure the company's compliance with regulatory requirements for captive power consumption under Indian Electricity laws.The Board of Directors approved the acquisition of the stake during a meeting held on April 15, 2026. JK Tyre plans to acquire and maintain a minimum 26% stake in RRFPL throughout the duration of the Power Purchase Agreement, Share Subscription, and Shareholders Agreement.Transaction and Acquisition Details The acquisition involves a cash consideration of...

Shalibhadra Finance Successfully Raises ₹19.50 Crore through Non-Convertible Debentures Shalibhadra Finance Limited, a retail-focused Non-Banking Financial Company (NBFC), has successfully raised ₹19.50 crore through the issuance of Non-Convertible Debentures (NCDs). The funding round aims to optimize the company's liability profile and support lending operations across its core market segments.The newly issued NCDs are described as secured, rated, listed, and redeemable. According to the company, the financing structure features an annual coupon rate of 12.00% per annum, with interest payments scheduled monthly. The NCDs have a tenure of 24 months, with principal repayment slated on a six-monthly basis.Key details of the...

ICRA Reaffirms Credit Ratings for Acknit Industries Ltd's Banking Facilities Acknit Industries Ltd has received reaffirmed credit ratings from ICRA Limited for various banking facilities and instruments. The ratings cover both long-term and short-term working capital and term loan facilities, reaffirming the company's standing across different credit segments.In a comprehensive review of the company's instruments, ICRA's Rating Committee affirmed the long-term rating in respect of the company's banking facilities as [ICRA]BBB (Stable), and also reaffirmed the short-term rating at [ICRA]A3+.Summary of Rated Instruments The total amount covered under the rating actions stands at Rs. 93.22 crore, encompassing various fund-based and...

Cholamandalam Financial Holdings Ltd Board Meeting Scheduled to Approve Audited Results for FY 2026 Cholamandalam Financial Holdings Ltd announced that its Board of Directors will convene a meeting on Friday, May 8, 2026. The primary focus of the meeting will be to consider and approve the audited financial results of the company for the fiscal year ended March 31, 2026.In addition to the approval of the audited financial results, the company also provided an update regarding its trading window. The trading window for "Designated Persons" is currently closed from April 1, 2026, through May 10, 2026.The Board of Directors is scheduled to review the audited financial performance, marking a key event for investors tracking the...

Shriram Finance Ltd Announces Board Meeting to Discuss FY Results and Resource Mobilization Plan Shriram Finance Ltd has scheduled a meeting of its Board of Directors for Friday, April 24, 2026. The board meeting is set to consider several critical matters concerning the company's financial performance and future capital requirements.The agenda for the board includes the approval of the Audited Standalone and Consolidated Financial Results of the company for the fourth quarter and the financial year ended March 31, 2026. Furthermore, the board will recommend the final dividend, if any, for the financial year ending March 31, 2026.A major focus of the meeting will be the resource mobilization plan for the financial year 2026-27. This...

Dhampur Sugar Mills Limited Issues Commercial Paper of ₹100 Crores to Kotak Mahindra Bank Dhampur Sugar Mills Limited announced the issuance and allotment of Commercial Papers (CP) amounting to ₹100 Crores on April 15, 2026. The security was issued in favour of Kotak Mahindra Bank Limited.The CP will be listed on the BSE Limited.Details regarding the Commercial Paper issuance include the following figures and terms:Description of the SecurityCommercial PaperISININE041A14134Number of CP2000Allotment Date15-04-2026Maturity Date29-06-2026Tenure (in days)75Rate of Interest6.95%Issue Value (in Rs.)98,59,20,000/-Redemption Value (in Rs.)100,00,00,000/-Issued in favour ofKotak Mahindra Bank LimitedCredit...

IDFC First Bank Approves Grant of 17,30,000 Stock Options to New Employees IDFC First Bank Ltd.'s Nomination & Remuneration Committee (NRC) has approved the granting of stock options to eligible new employees. The options are administered under the 'IDFC FIRST Bank Limited - Employee Stock Option Scheme' and total 17,30,000 units.The company confirmed that the stock options are being granted as part of respective employment offers with the core objective of incentivizing, encouraging, and attracting talent within the institution.The stock options are structured to ensure gradual realization and continued commitment from the employees.The key parameters governing the options are detailed below:ParameterDetailsTotal Options...

Zelio E Mobility Appoints Divyanshu Agarwal as Chief Executive Officer Zelio E Mobility Ltd., a manufacturer and assembler of Electric Scooters, Bikes, and E-Rickshaws, has appointed Mr. Divyanshu Agarwal as its Chief Executive Officer (CEO). The appointment, approved by the company’s Board of Directors, is effective from April 15, 2026.Mr. Divyanshu Agarwal, a Chartered Accountant, brings diverse experience across finance, strategy, business growth, and technology to the role.The board’s approval for the appointment was based on the recommendation of the Nomination and Remuneration Committee.Professional Background Mr. Agarwal has been associated with NaviLimited since November 2021. In his current capacity, he has served as the...

Sumeru Industries Ltd Announces Board Meeting to Review Audited Financial Results Sumeru Industries Ltd has scheduled a Board Meeting to review and approve the audited financial results for the quarter and year ended on March 31, 2026. The meeting is set to take place on Thursday, April 23, 2026, at 2:00 PM.The company also issued details regarding the closure of its trading window. The trading window for Sumeru Industries Ltd remains closed starting from April 1, 2026. This restriction will continue until the end of 48 hours following the official announcement of the audited financial results.During this mandated period, the company confirmed that any purchase, sale, or dealing in the shares of Sumeru Industries Ltd is prohibited...

Fedbank Financial Services Allots 24,500 Equity Shares via Employee Stock Option Exercise Fedbank Financial Services Ltd confirmed the allotment of 24,500 equity shares following the exercise of vested stock options by its employees. The shares were allotted on April 15, 2026, under the framework of the 'Fedbank Financial Services Limited -Employees Stock Option Scheme, 2018'.The allotment was approved by the Committee of Directors (Operations) and represents an increase in the company's paid-up share capital.The infusion of capital has modified the company’s share structure, as detailed below:MetricBefore AllotmentAfter AllotmentPaid-up Share CapitalRs. 3,74,22,71,010/-Rs. 3,74,25,16,010/-Total Equity...

India Tourism Development Corporation Announces Independent Director's Tenure Completion India Tourism Development Corporation Limited announced the cessation of Shri Manan Kaushal as its Independent Director. The change in the board composition is attributed to the completion of his stipulated tenure.Shri Manan Kaushal, bearing DIN: 09477888, concluded his role as an Independent Director of the company effective April 15, 2026.The details regarding the change in directorship include:ParticularsDetailsIndependent DirectorShri Manan KaushalDIN09477888Reason for ChangeCompletion of tenureDate of CessationApril 15, 2026This change confirms Shri Manan Kaushal's departure from the board, marking the end of his service...

KVS Castings Ltd Approves Re-appointment of Independent Director and Key Board Approvals KVS Castings Ltd announced the outcomes of its Board meeting held on April 15, 2026. The Board considered and recommended the re-appointment of Mr. Jaswinder Singh Ahluwalia as an Independent Director (Non-Executive Director) for a second term spanning five consecutive years.The re-appointment of Mr. Ahluwalia is subject to the approval of the company's members via a Special Resolution through Postal Ballot and e-voting.Board's Key Approvals During the board meeting, several important operational and governance decisions were approved. The Board confirmed the recommendation for the re-appointment of Mr. Ahluwalia and subsequently approved the...

Godawari Power Increases Investment in Subsidiary Godawari New Energy for BESS Plant Godawari Power and Ispat Ltd (GPIL) has significantly increased its stake in its wholly owned subsidiary, Godawari New Energy Private Ltd (GNEPL). The capital infusion was made to support the setting up of a 20 GWh Battery Energy Storage System (BESS) Plant in its first phase.In an update concerning its energy ventures, GPIL reported the allotment of 5,00,00,000 Equity Shares of Rs. 10 each, aggregating to Rs. 50.00 Crores, on a rights basis to GNEPL on April 15, 2026.This investment further solidifies GPIL's involvement in the rapidly growing energy sector, particularly in Battery Energy Storage Systems. The transaction increases GPIL's overall...

REC Ltd Board Approves Appointment of Shri Rajesh Kumar as Director (Finance) and CFO REC Ltd. announced that its Board of Directors held a meeting on April 15, 2026. During the meeting, the board considered and approved the appointment of Shri Rajesh Kumar.Shri Rajesh Kumar has been appointed to the roles of Director (Finance) and Chief Financial Officer (CFO) of the company. The appointment is effective as of April 2, 2026.The board meeting commenced at 3:00 p.m. and concluded at 4:50 p.m.RECLTD Stock Price Movement Today, REC Limited shares edged higher, settling at ₹352.65 after gaining 1.69%. The equity recorded robust activity, finishing the session on a total volume of 5.66 million shares.Source:

LEEL Electricals Completes Extensive Capital Restructuring Amid Takeover by Krishna Ventures Limited LEEL Electricals Limited, formerly known as Lloyd Electric & Engineering Limited, has undergone significant capital restructuring following its acquisition process. The company has recorded multiple corporate actions aimed at reorganizing its share capital in alignment with the takeover by Krishna Ventures Limited (KVL), the successful auction purchaser.The process began with the company's initiation of sale proceedings. The Acquirer, Krishna Ventures Limited, subsequently began the complete takeover of the company, including its records and papers. A new management was inducted onto the board of the entity effective July 1, 2024.The...