Markets

Brigade Group Signs JDA for 8.63 Acres, Unlocking 39-Acre Residential Township in East Bengaluru Brigade Group announced today, April 15, 2026, that it has signed a Joint Development Agreement (JDA) for a residential township project. The JDA covers an 8.63-acre parcel located in Gunjur, East Bengaluru. This development milestone is set to enable the creation of a larger, integrated residential township spanning 39 acres within the highly sought-after Whitefield -Sarjapur corridor.The 39-acre development is planned primarily as a large-scale residential township and carries an estimated gross development value (GDV) of approximately ₹ 7,200 crore. The overall land assembly for this expansive township is being executed through a...

Vega Jewellers Ltd Receives In-Principle Approval for Bonus Issue of Equity Shares Vega Jewellers Ltd has received in-principle approval from the BSE Limited regarding its proposed bonus issue of equity shares. The approval was granted by the exchange via a letter dated April 15, 2026.The company confirmed that the approval facilitates the proposed issue and allotment of new bonus equity shares to its shareholders. The details of the proposed allotment are as follows:DetailValueShares to be Allotted4,07,05,192 equity sharesFace Value Per ShareRe. 10/- eachBonus Ratio4:1Meaning of RatioFour new equity shares for every one existing equity share held by the shareholderThe in-principle approval, received on April 15...

Bombay Wire Ropes Announces Audited Financial Results for Quarter and Year Ended March 31, 2026 Bombay Wire Ropes Ltd. announced that its Board of Directors approved the Audited Financial Results (Standalone) for the Quarter and year ended March 31, 2026, during a board meeting held on April 15, 2026. The company released key operational and financial figures detailing its performance for the fiscal period.Standalone Financial Performance Review The financial results for the quarter and year ended March 31, 2026, showed the following performance figures compared to the prior year.ParticularsQuarter Ended March 31, 2026 (Audited)Quarter Ended March 31, 2025 (Audited)Year Ended March 31, 2026 (Audited)Year Ended March 31, 2025...

Omkar Speciality Chemicals Limited Fixes Record Date for Share Capital Extinguishment Omkar Speciality Chemicals Limited announced that its Monitoring Committee has fixed the record date for the extinguishment and cancellation of paid-up share capital held by its Promoters and Public Shareholders.The Company, which was admitted into Corporate Insolvency Resolution Process (CIRP) via an order dated December 5, 2022, announced the resolution through its Monitoring Committee meeting held on April 15, 2026.The Committee resolved to fix the record date as April 29, 2026. This action pertains to the extinguishment/cancellation of shares, a process approved by the National Company Law Tribunal (NCLT) Mumbai bench vide its order dated July...

GMR Airports Reports Record Traffic and Operational Milestone Achievements Through March 2026 GMR Airports Limited, formerly GMR Airports Infrastructure Limited, reported its monthly traffic data for March 2026, detailing strong operational performance and record-setting milestones across its key airports, including Delhi, Hyderabad, and Mopa (Goa).The group reported significant traffic figures for the quarter and fiscal year. The total passenger traffic (excluding Cebu) across the group reached 10,408,735 in March 2026, marking a -1.5% year-on-year change.The group's overall performance in Q4 FY2026 saw a total passenger traffic of 31,800,127, representing a 0.9% year-on-year increase. For the full fiscal year 2026, total passenger...

Aelea Commodities Secures FSSC 22000 Certification for Gujarat Facility Aelea Commodities Limited has announced that it has successfully obtained the prestigious FSSC 22000 Certification for its manufacturing facility located in Surat, Gujarat. The certification confirms the company's adherence to internationally recognized standards for food safety management systems.The certification was issued by ISOQAR Limited. Details regarding the certification include:DetailInformationCertification StandardFSSC 22000Issuing AuthorityISOQAR LimitedCertificate Number26996-FSC-001Validity Up ToApril 07, 2029Facility LocationBlock No. 243, Plot No. B-47, Village Shah, Mangarol, Surat, Gujarat - 394421, IndiaThe achievement of...

HDBFS Reports Strong Growth in Q4FY26, Boosted by 43.6% Profit Before Tax Increase HDB Financial Services Limited today announced its audited standalone financial results for the quarter and year ended March 31, 2026. The figures reflect a period of significant operational growth across key income segments.The Board of Directors of HDB Financial Services Limited approved the financial results during its meeting held in Mumbai on Wednesday, April 15, 2026.Key Performance Highlights for Q4FY26 The company reported robust growth figures for the quarter ended March 31, 2026. Net interest income increased by 21.6%, reaching ₹ 2,399 crore compared to ₹ 1,973 crore for the previous year quarter. Net total income rose 17.1%, standing at ₹...

High Court Restores Arbitration Award in Favor of Starlog Subsidiary Starlog Enterprises Limited announced a material development regarding a legal dispute involving its material subsidiary, Starlift Services Private Limited. The Division Bench of the Hon'ble High Court at Calcutta has set aside a previous order, thereby restoring an arbitration award favoring Starlift.The dispute originated with an arbitration award dated April 18, 2011. This initial award, passed by a Sole Arbitrator, granted Starlift Services Private Limited a principal amount of approximately ₹9.02 crore (along with interest). The award was passed in favor of Starlift, rejecting counter-claims made by Syama Prasad Mookerjee Port, Kolkata (KPT).The matter...

India Ratings Assigns Jay Ushin's Bank Loan Facilities 'IND BBB'/Stable India Ratings and Research (Ind-Ra) has issued credit ratings for Jay Ushin Limited’s (JUL) bank loan facilities. The rating action, released on April 14, 2026, assigns ratings of IND BBB/Stable for the long-term tranche and IND BBB/Stable/IND A3+ for the short-term facilities.According to the rating details, the total bank loan facilities rated amount to Rs. 1,580 Million.Rating ComponentRating AssignedLong Term RatingIND BBB/StableShort Term RatingIND BBB/Stable/IND A3+Analysis and Outlook Ind-Ra conducted a standalone view of Jay Ushin Limited while assigning the rating. The agency highlighted that the rating reflects the company's strong market...

Pasupati Fincap Appoints Deepali Sehrawat as Company Secretary and Compliance Officer Pasupati Fincap Ltd announced on April 15, 2026, that its Board of Directors approved the appointment of Ms. Deepali Sehrawat as the Company Secretary and Compliance Officer, designated as Key Managerial Personnel (KMP).The decision was reached during a Board meeting held on Wednesday, April 15, 2026. The appointment of Ms. Sehrawat is effective from April 15, 2026. The Company’s nomination and remuneration committee recommended the appointment to the Board.In connection with the change in Key Managerial Personnel, the company provided specific details regarding Ms. Deepali Sehrawat's profile, relationship status, and shareholding.The key details...

Parmeshwar Metal Ltd Receives GST Order Confirming Tax Demand of Rs. 1.59 Crore Parmeshwar Metal Ltd, an ISO 9001:2015 Certified Company, announced that it received an order from the GST Authority, Gujarat, on April 15, 2026. The directive involves a confirmation of tax demand, along with applicable interest and penalties.The order was issued by the Deputy Commissioner of State Tax (Enforcement) Division- 03, Gandhinagar. The core issue detailed in the order pertains to alleged inadmissible Input Tax Credit (ITC) received by the company from suppliers who were either non-existent or tax defaulters.The tax demand confirmed under the Central Goods and Service Tax Act, 2017, and the Gujarat Goods and Service Tax Act, 2017, totals Rs...

United Heat Transfer Limited Receives Order from Kirloskar Pneumatic for ₹24,24,816 United Heat Transfer Limited, formerly known as United Heat Transfer Private Limited, has secured a purchase order for the manufacturing and supply of key industrial components from Kirloskar Pneumatic Company Limited. The order pertains to the supply of Suction Damper, Discharge Damper, and Cooler, to be installed at the company's domestic plant.The total approximate value of the contract amounts to Rs. 24,24,816/- (excluding tax). The transaction details confirm that the order is domestic and not considered a related party transaction.The contract, which involves the manufacturing and supply of equipment, specifies a delivery timeline, stating the...

TSE Engineering Merges into Triveni Turbines Africa, Simplifying South African Group Structure Triveni Turbine Limited has reported a significant structural update regarding its subsidiaries in South Africa. The Company announced that TSE Engineering (Pty) Ltd, a step-down wholly owned subsidiary, has merged into Triveni Turbines Africa (Pty) Ltd (TTAPL).The merger was approved by the Companies and Intellectual Property Commission, South Africa (CIPC), in a letter dated April 14, 2026. The merger was effective starting April 01, 2026. Following the scheme's effectiveness, TSE stands dissolved and has ceased to be a wholly owned subsidiary of Triveni Turbine Limited.The merger between the two step-down wholly owned subsidiaries...

Varun Beverages Acquires Stake in FPEL HR2 Energy for Captive Solar Power Varun Beverages Limited announced on April 15, 2026, that it has acquired a significant stake in FPEL HR2 Energy Private Limited. This strategic acquisition aims to secure solar power for the company's captive consumption needs.The company acquired a 29.99% shareholding in FPEL HR2 Energy Private Limited. FPEL HR2 Energy Private Limited operates as a special purpose vehicle engaged in generating and supplying solar power to consumers within the state of Haryana.The total expenditure for this acquisition of solar power for captive consumption was Rs. 1.58 Crore.The key details of the acquisition are as follows:DetailValueAcquiring CompanyVarun...

City Union Bank Opens Three New Branches, Reaches 959 Locations City Union Bank Ltd announced the opening of three new branches as of April 15, 2026. With this expansion, the bank now operates a total of 959 branches across various regions.The bank successfully opened locations in Rajasthan, Punjab, and Uttar Pradesh, expanding its physical footprint.The newly established branches are:Branch NameBranch No.CBS CodeAddressBarmer95700962Baan Mata Tower, 343411695, NH - 68, Near Chamunda Circle, Vishnu Colony, Barmelr - 344 001, RajasthanZirakpur95800963Ground Floor, SCO - 1, Defence Enclave, Patiala Road, Zirakpur - 140 603, PunjabLucknow - Mahanagar95900964B-332, Mahanagar, Lucknow -226 006, Uttar PradeshCUB Stock...

Omkar Speciality Chemicals Approves Record Date, Private Placement, and Key Management Appointments The Monitoring Committee of Omkar Speciality Chemicals Limited announced key resolutions following its meeting on April 15, 2026. The approvals cover the record date for share cancellation, the private placement of new equity shares, the sanctioning of a debt facility, and the appointment of new key managerial personnel (KMP).Share Structure and Financial Resolutions The Committee approved two major actions concerning the company’s share capital structure. First, the record date for the extinguishment or cancellation of shares, mandated by the National Company Law Tribunal (NCLT) order dated July 31, 2025, was fixed as April 29, 2026...

Axita Cotton Ltd. To Hold Board Meeting to Discuss Q4 Financial Results and Dividend Axita Cotton Ltd., a manufacturer and exporter of cotton, has scheduled a meeting of its Board of Directors for Monday, April 20, 2026. The meeting will take place at the Company’s Registered Office to consider and recommend several updated agenda items related to the financial performance of the quarter and the full fiscal year.The key agenda items set for discussion at the Board meeting include:Item No.Agenda Item1Audited (Standalone) Financial Results of the Company for the quarter and year ended on March 31, 20262Recommendation of Final Dividend, if any3Any other business with the permission of the ChairmanRegarding corporate...

Rubicon Research Acquires Arinna Lifesciences to Deepen Penetration into Indian CNS Market Rubicon Research Limited today announced the acquisition of an 85% equity ownership in Arinna Lifesciences Limited from its current shareholders, marking a strategic move to strengthen its presence in the Central Nervous System (CNS) formulations market in India.Arinna Lifesciences is a prominent domestic formulations company, specializing in drugs for conditions affecting the central nervous system. The company possesses a portfolio of over 60 brands in chronic therapies and benefits from an established distribution network comprising distributors, stockists, and retail pharmacies, serving more than 4,000 prescribers across India.The...

Indian Metals and Ferro Alloys Reports Status Update on Key Projects Indian Metals & Ferro Alloys Limited provided updates on the status of its key ongoing projects, detailing milestones for its Kalinganagar facilities and its Ethanol Project at Therubali.The company reported that the Greenfield Ferro Chrome Project in Kalinganagar, rated at 100,000 tpa (2 x 33 MVA), is nearing completion. Pre-commissioning activities are scheduled for the first furnace in June 2026, with the second furnace set to commence pre-commissioning in September 2026.In separate news, the strategic acquisition in Kalinganagar has been finalized, making all four furnaces operational across the site.The Ethanol Project located at Therubali reported a delay...

HDB Financial Services Announces Audited Results for FY 2026, Recommends Final Dividend and Boosted Borrowing Limit HDB Financial Services Limited announced its audited standalone financial results for the quarter and year ended March 31, 2026, on April 15, 2026. The Board of Directors, following review by the Audit Committee, approved the results and recommended a final dividend, alongside approving increased borrowing limits for the company.During the Board meeting held on April 15, 2026, the company announced that it recommends a final dividend of Rs. 2/- (Rupees Two Only) per equity share, based on a face value of Rs. 10 each, for the financial year ending March 31, 2026.Key Financial Highlights for FY 2026 The financial results...