Markets

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...

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...