Markets

Texmaco Rail & Engineering Wins Rs. 0.39 Crore Order from South Eastern Railway Texmaco Rail & Engineering Ltd has secured a contract order valued at Rs. 0.39 crores (excluding taxes) from the South Eastern Railway. The contract involves the supply of Bogie Frame Assembly for Non-AC Air Spring Type LHB FIAT Bogie.The order, identified as a domestic contract, specifies the supply of Bogie Frame Assembly for Non-AC Air Spring Type LHB FIAT Bogie. The execution of the contract must be completed on or before September 13, 2026.The details of the contract awarded by the South Eastern Railway are as follows:ParticularsDetailsAwarding EntitySouth Eastern RailwayNature of ContractSupply of Bogie Frame Assembly for Non-AC Air...

Rubicon Research to Acquire 85% Stake in Arinna Lifesciences for Pharmaceutical Growth Rubicon Research Limited has entered into definitive agreements to acquire an 85% stake in Arinna Lifesciences Limited. Following this acquisition, Arinna Lifesciences will become a subsidiary of Rubicon Research Limited.Arinna Lifesciences Limited is a branded pharmaceutical marketing company based in Ahmedabad, India. The company specializes in the marketing of branded pharmaceutical products within the Indian domestic market, focusing particularly on the CNS (Central Nervous System) and neuro-psychiatric therapeutic segment. Arinna's product portfolio includes items such as antiepileptics, antidepressants/thymoleptics, and antipsychotics. The...

Baazar Style Retail Secures Settlement of Insurance Claim for Fire-Affected Inventory Baazar Style Retail Limited has confirmed the settlement of an insurance claim regarding a significant loss of inventory resulting from a fire incident at its central warehouse. The company accepted the claim amount from Bajaj Allianz General Insurance Co. Limited and stated the funds will be received shortly.The fire incident occurred at the company’s erstwhile central warehouse, located in Sreerampur District, Hooghly, West Bengal, on May 20, 2024. The fire resulted in a significant loss of inventory, which was initially valued at ₹50.85 Crores. During the fiscal year 2025, the company had recognized a receivable amount of ₹43.65 Crores against...

V-Guard Industries Receives Show Cause Notice on Excess ITC Availment V-Guard Industries Limited has confirmed the receipt of a Show Cause Notice (SCN) concerning the availment of Input Tax Credit (ITC). The communication was received from the Joint Commissioner, CGST, Audit Commissionerate, Dehradun, on April 14, 2026.The notice pertains to the period spanning Fiscal Year (FY) 2020-21 through 2023-24. The core issue outlined in the communication involves allegations related to the inadmissible, wrong, or excess availment of ITC and a short payment identified during the GSTR-9 reconciliation process.The notice highlights significant potential financial implications for the company. The short payment of GST communicated amounts to...

Suzlon Energy Ltd. Confirms Material Price Movement in Shares Suzlon Energy Ltd. reported that a Material Price Movement (MPM) was observed in the company's stock on April 15, 2026. The movement was detected at 9:43 a.m.In addressing the incident, the company noted that it could not ascertain any corresponding event or information in the mainstream media that triggered the observed price fluctuation.The company confirmed that the observation was for the information of the public at large.Stock Price Movement As the market closed Wednesday, Suzlon Energy Ltd shares settled at ₹48.95, edging higher by 6.76%. The stock showed good action throughout the day, trading across an intraday range from ₹46.75 to a high of ₹49.37.Source:

Lakshya Powertech Secures Major O&M Contract Worth Rs. 641.92 Crore in Rajasthan Lakshya Powertech Limited has announced securing a significant work order for the Provision of Integrated Service Contract for Operation & Maintenance (O&M) of Cairn Assets in Rajasthan. The contract, awarded by Vedanta Limited, is valued at Rs. 641,92,12,546/-.This contract involves O&M services for the RJ-ON-90/1 Block, specifically covering RJ North Well Pads across Mangala, Bhagyam, and Aishwarya in Rajasthan.The agreement establishes a four-year execution timeline and reinforces Lakshya Powertech's positioning in the high-value oil and gas service sector.Key Contract Details The contract awarded by the domestic entity, Vedanta Limited, pertains...

Shriram Overseas Investments Receives In-Principle Approval for Primary Dealer Business Shriram Finance Ltd. has announced that its wholly owned subsidiary, Shriram Overseas Investments Limited, has received in-principle approval from the Reserve Bank of India (RBI) to commence Primary Dealer (PD) business. The approval was granted on April 15, 2026.The development marks a significant operational step for the subsidiary. The RBI granted the in-principle approval, stipulating that the commencement of the PD business is subject to the company's compliance with specific conditions set forth by the central bank.The announcement confirms the advancement of Shriram Overseas Investments Limited in its goal to enter the Primary Dealer...

One 97 Communications Declared Indian Owned and Controlled Company Following Q4 FY2026 Shareholding One 97 Communications Limited, the company operating the Paytm brand, has been determined to be an Indian Owned and Controlled Company (IOCC) based on its latest shareholding pattern reported for the quarter ending March 31, 2026 (Q4 FY2026).The updated shareholding pattern reveals a significant increase in the participation of domestic capital within the company's equity share capital. As of Q4 FY26, domestic investors hold a majority stake of 50.3% in the company.The data shows heightened domestic institutional participation across various segments. Domestic institutional ownership registered 23.1% in Q4 FY2026. This figure marks an...

Looks Health Services Appoints Mr. Ajay P Goyal as Chief Financial Officer Looks Health Services Ltd has appointed Mr. Ajay P Goyal as its Chief Financial Officer (CFO), effective April 15, 2026. The appointment was made by the Board of Directors following the recommendation of the Nomination and Remuneration Committee and the approval of the Audit Committee.The board meeting, held on April 15, 2026, appointed Mr. Goyal to the role of Key Managerial Personnel. The company stated that the appointment is part of its successor plan for key positions, aimed at ensuring a smooth handover of responsibilities and maintaining stability within the Finance & Accounts department.Mr. Ajay P. Goyal is described as a strategic and results-driven...

Shraddha Prime Projects Receives Commencement Certificate for Redevelopment Project in Mulund West, Mumbai Mumbai-based real estate developer Shraddha Prime Projects Ltd, formerly Towa Sokki Limited, has received the Commencement Certificate (CC) for its upcoming redevelopment venture, 'Shraddha Paradise Enclave'. The project is situated at Swapna Nagari, Nirmal Nagar-Agrawal Road, Village Mulund (West) Taluka-Kurla, within 'T' ward BMC, Mumbai 400080.The redevelopment project involves Himgiri CHS and is positioned to significantly contribute to Mumbai's real estate landscape. The company highlighted the substantial scope and potential value of the development.Project Scope and Revenue Potential Shraddha Paradise Enclave boasts...

Bharat Global Developers Ltd Reports Unaudited Financial Results for Quarter Ended December 31, 2025 Bharat Global Developers Ltd, formerly known as Kkrrafton Developers Ltd, has released its un-audited standalone financial results for the quarter and nine months ended on December 31, 2025. The company also provided a detailed look at its segment-wise performance across various operational divisions.Standalone Financial Performance The standalone financial results show the company's quarterly and year-to-date performance in key financial metrics. The figures for Revenue From Operations, Total Income, and Profit/(Loss) for the period are detailed in the table below:ParticularsQuarter Ended 31.12.2025 UnauditedQuarter Ended...

Elecon Engineering Reports Strong Q4 FY26 Performance, Highlights Growth Momentum in MHE Division Elecon Engineering Company Limited, a leading industrial gear solution provider and Material Handling Equipment (MHE) manufacturer in Asia, announced its audited financial and operational results for the quarter and financial year ended March 31, 2026. The results underscore the company's sustained market position in sectors including the Rubber, Marine, Plastic, Power, Steel, and Cement industries.Consolidated Financial Highlights for Q4 FY26 For the quarter ending March 31, 2026, Elecon reported strong consolidated financial metrics. The company's performance for Q4 FY26 saw Consolidated Revenue reaching ₹ 746 crores, and EBITDA stood...

Dai-Ichi Karkaria Ltd Withdraws CRISIL Ratings on Bank Facilities Dai-Ichi Karkaria Ltd has completed the voluntary withdrawal of its credit ratings assigned by CRISIL Ratings for bank facilities availed from Axis Bank Limited. CRISIL Ratings confirmed the withdrawal via a letter dated April 14, 2026.The company initiated the withdrawal process because the sanctioned credit limits are deemed below Axis Bank Limited's internal requirement for maintaining an external credit rating.The ratings provided by CRISIL Ratings covered total bank loan facilities amounting to Rs. 25 Crore. The withdrawal impacted both long-term and short-term credit ratings.The details of the withdrawn ratings are as follows:Facility TypeRating...

Morarka Finance to Hold Board Meeting on April 23 to Approve Financial Results Morarka Finance Ltd. has scheduled a meeting of its Board of Directors for Thursday, April 23, 2026. The meeting will be conducted through video conferencing (VC).The Board is scheduled to convene to consider several key business matters concerning the company's performance and future corporate actions.The primary agenda items for the Board of Directors include:Considering and approving the Audited Financial Results and Accounts for the quarter and year ended March 31, 2026. Considering and recommending a Dividend on Equity Shares, if applicable. Fixing the date of the Annual General Meeting (AGM), as well as the Book closure and Record date required...

Praxis Home Retail Limited Appoints Mr. Ravi Venkatraman as New Chairperson Praxis Home Retail Limited announced a change in its leadership structure following the Board of Directors meeting held on April 15, 2026. The Board unanimously approved the appointment of Mr. Ravi Venkatraman as the new Chairperson of the Company. This role is effective immediately and will complement his existing position as an Independent Director.Mr. Ravi Venkatraman is a highly experienced finance professional with over four decades of tenure in the Banking, Financial Services, and Insurance (BFSI) sector. He holds qualifications as a Chartered Accountant (ACA), Cost Accountant (ICWA), and Commerce graduate.His professional background is marked by...

Continental Controls Announces Financial Results for Q4 and FY2026; Secretary Resigns Continental Controls Ltd held its Board of Directors meeting on April 15, 2026, approving the audited financial results for the quarter and year ended March 31, 2026. During the meeting, the Board also accepted the resignation of the Company Secretary and appointed key service providers for the upcoming postal ballot process.The financial results for the fourth quarter and the full year ended March 31, 2026, were reviewed and approved by the Board.Financial Performance Highlights The company released its Audited Standalone Financial Results, detailing the performance for the quarter and the year ending March 31, 2026.The consolidated financial...

Shriram Finance's Subsidiary Receives RBI Approval to Commence Primary Dealer Business Shriram Finance Ltd announced that its wholly owned subsidiary, Shriram Overseas Investments Limited, has received in-principal approval to begin Primary Dealer (PD) business operations.The development occurred on April 15, 2026. The approval was granted by the Reserve Bank of India (RBI), conditional upon the subsidiary's continued compliance with all specified requirements.The news confirms a significant operational milestone for Shriram Overseas Investments Limited, enabling the firm to formally commence its role in the Primary Dealer segment of the financial markets.SHRIRAMFIN Stock Price Movement Shares of Shriram Finance Limited are edging...

OBSC Perfection Secures US Marine Order Valued at INR 3.4 Crores OBSC Perfection Limited, formerly OBSC Perfection Private Limited, has announced the receipt of significant purchase orders from a US-based marine customer. The contract involves the manufacturing and supply of specialized machined parts for export to the United States, valued at a total of INR 3.4 crores.The company confirmed that the international order is for the supply of machined components, with the execution timeline slated for completion over the next three months.The purchased parts are categorized under the nature of manufacturing and supply of machined parts, confirming the order's international export focus.The key details of the contract received from...

Physicswallah Ltd Clarifies Strategic Discussions Amid Market Activity Physicswallah Ltd has released a clarification regarding reports detailing a potential acquisition stake in the test-prep platform Rojgar. The communication addresses news that appeared on business-standard.com on April 14, 2026, providing updates on the company’s strategic standing and operational status.The company confirmed that it continues to evaluate various strategic opportunities aimed at enhancing stakeholder value and driving growth. In this strategic context, Physicswallah Ltd remains in discussions with relevant parties from time to time, including those mentioned in the media reports.In addressing recent market activity, the company noted that it had...

Can Fin Homes Limited Announces Resignation of Deputy Managing Director Vikram Saha Can Fin Homes Limited confirmed the resignation of Shri Vikram Saha, who served as the company's Deputy Managing Director and key managerial personnel. The departure is effective from April 15, 2026.Shri Vikram Saha’s resignation is attributed to his transfer by the Parent Bank, Canara Bank.The specifics regarding the change in directorship are as follows:ParticularsDetailsReason for ChangeResignation on account of transfer by the Parent Bank, i.e. Canara Bank.Date of CessationApril 15, 2026The resignation of Shri Saha, who holds DIN: 10597814, marks a significant transition in the company's leadership structure, effective on the date...