Markets

GHV Infra Projects Secures USD 90.25 Million EPC Contract for Renewable Gas Project in USA GHV Infra Projects Limited announced on April 14, 2026, that it has secured a significant Engineering, Procurement and Construction (EPC) Contract with Ductor Americas Inc. The agreement involves the development of a Renewable Natural Gas (RNG) and Fertilizer Project, known as the DUCTOR RNG Project, located in Versailles, Ohio, USA.The contract marks an international expansion opportunity for the Indian infrastructure company. The comprehensive scope of work encompasses all critical phases of development, including the design, engineering, procurement, construction, installation, commissioning, testing, and related services for the project...

Vikas EcoTech Limited Receives Tax Demand Order of ₹ 9.11 Crore From Income Tax Department Vikas EcoTech Limited has disclosed the receipt of assessment orders from the Income Tax Department, which have raised a tax demand against the company. The company stated that it is currently evaluating the orders and plans to pursue appropriate legal remedies, including filing appeals within the prescribed timelines.The tax demand, which pertains to various assessment years, was formalized after the company received the relevant order on March 27, 2026. The demand of ₹ 9.11 Crore primarily arose due to certain additions and/or disallowances made by the Income Tax Authorities during the course of the assessment proceedings.In detailing the...

Samvardhana Motherson Subsidiary Dissolved by Commercial Register; Financial Impact Reported Samvardhana Motherson International Limited announced that its indirect wholly owned subsidiary, Samvardhana Motherson Reflectec Group Holdings Limited (SMR-Jersey), has been dissolved by the Commercial Register. The dissolution was processed following the submission of an application by SMR-Jersey.The Commercial Register dissolved SMR-Jersey effective April 10, 2026. The subsidiary is an indirect wholly owned subsidiary of Samvardhana Motherson International Limited and is held through Motherson Global Investments B.V. (MGI BV).During the financial year 2024-25, SMR-Jersey reported specific financial metrics. The subsidiary's income and net...

Vikas Lifecare Limited Receives Tax Demand Order of ₹ 22.99 Crore from Income Tax Department Vikas Lifecare Limited recently confirmed the receipt of an assessment order from the Income Tax Department, which has raised a tax demand totaling ₹ 22.99 Crore. The company stated that the demand relates to various assessment years and has been received as of March 27, 2026.The tax demand primarily stems from certain additions and/or disallowances made by the Income Tax Authorities during the assessment proceedings.Management confirmed that the company is currently evaluating the order details. According to the information provided, the assessment process involved various years, with the department raising the tax demand against the...

Sonu Infratech Secures Rs 2.04 Crore Work Order from Reliance Industries Limited Sonu Infratech Limited has announced the receipt of a substantial work order worth Rs. 2,04,37,354 from Reliance Industries Limited. The contract pertains to providing services for RCC Drains Works for a glass factory train.The company received the work order on April 14, 2026, with the order itself being dated March 31, 2026. Sonu Infratech Limited noted that the contract validity period is set between 10.03.2026 and 10.05.2026.The secured order is characterized as a domestic contract with Reliance Industries Limited, and the company confirmed that there is no interest from the promoter or promoter group in the awarding entity, nor would the order fall...

North Eastern Carrying Corporation Ltd. Proposes Preferential Issue of Equity Shares to Promoter North Eastern Carrying Corporation Ltd. has announced a proposal to issue equity share capital on a preferential basis. The capital raise is intended to benefit the company's promoters and involves the conversion of outstanding unsecured loans into equity. This transaction remains subject to the approval of the company’s shareholders.The preferential issue involves issuing equity shares to Mr. Sunil Kumar Jain, who is identified as a promoter of the company. The structured transaction sees the shares being issued in lieu of the unsecured outstanding loan owed by the promoter. The issue price of these equity shares is adjusted against the...

Muthoot Capital Services Ltd to Hold Board Meeting on May 8 to Approve Financial Results Muthoot Capital Services Limited has announced that its Board of Directors meeting is scheduled for Friday, May 08, 2026. The primary focus of the meeting will be the consideration and approval of the Company's Audited Financial Results for the Quarter and Financial Year ended March 31, 2026.In conjunction with the financial results announcement, the Company also provided an update regarding its trading window. The trading window for all Designated Persons of Muthoot Capital Services Limited, along with their immediate relatives, was closed effective April 01, 2026. The window is slated to reopen 48 hours after the official declaration of the...

RailTel Corporation Secures Major Domestic Order from Rail Vikas Nigam Limited RailTel Corporation of India Ltd., a Navratna PSU, has secured a major contract with Rail Vikas Nigam Limited (RVNL) for the provision of integrated communication systems across railway tunnels. The Letter of Acceptance (LoA) details the scope and significant financial terms of the domestic order.The contract involves the Supply, Installation, Testing, and Commissioning (SITC) of Integrated Tunnel Communication Systems. This comprehensive package includes VHF Simplex System, CCTV System, PA System, and Emergency Call Points within Tunnels T-8 through T-11, covering four stations with a total section length of 36 Km.The key operational and financial...

Den Networks Limited released its Investors Presentation detailing the audited financial results for the quarter and financial year ended March 31, 2026.Business Overview Den Networks operates through two key segments. The Cable Business, incorporated in 2007 and registered in Maharashtra, is a leading Cable TV Distribution company. Its Cable operations span over 450+ cities/towns across 13 key states in India, including Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand.The company's Broadband segment is handled by DEN Broadband Limited, which was incorporated in 2011 and is headquartered in New Delhi. This subsidiary holds a Unified...

Unifinz Capital India Ltd's Finance Committee to Discuss Raising Rs 315 Crore via NCDs Unifinz Capital India Ltd has announced that its Finance Committee of the Board of Directors is scheduled to meet to consider a major proposal for raising capital. The meeting is set for Friday, April 17, 2026, at the company’s corporate office.The primary focus of the committee meeting will be to consider and approve the proposal for raising funds through the issuance of Nonconvertible Debentures (NCDs). This fundraising initiative is planned to be executed on a Private Placement basis.According to the company, the proposed funds are set to not exceed an overall limit of Rs 315,00,00,000 (Rupees Three Hundred Fifteen Crore only).The proposed...

RailTel Corporation of India Ltd. Secures Domestic Order of Rs. 309 Crore from Rail Vikas Nigam Limited RailTel Corporation of India Ltd. has successfully secured a major Letter of Acceptance (LoA) from Rail Vikas Nigam Limited (RVNL). This contract involves the Supply, Installation, Testing, and Commissioning (SITC) of integrated tunnel communication systems, significantly bolstering the company's order book.The awarded contract, designated as Package-1, covers the SITC of Integrated Tunnel Communication Systems. The scope includes vital infrastructure like the VHF Simplex System, CCTV System, PA System, and Emergency Call Points across Tunnels (T-1 To T-7) and Stations, covering a total section length of 42.7 Km.The transaction is...

Transworld Shipping Lines Signs MOA for Sale of M.V. SSL Godavari to Avana Logistek Limited Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has signed a Memorandum of Agreement (MOA) on April 14, 2026, for the sale of one of its vessels. The agreement involves the sale of M.V. SSL Godavari to Avana Logistek Limited.The transaction details confirm that Transworld Shipping Lines Limited is divesting the vessel to Avana Logistek Limited. The sale consideration for M.V. SSL Godavari is set at US$ 19,600,000.The core transaction details for the sale agreement are as follows:ParticularsDetailsSellerTransworld Shipping Lines Limited (formerly Shreyas Shipping and Logistics Limited)BuyerAvana...

Bridge Securities to Hold Board Meeting on April 17, 2026, to Review FY Results Bridge Securities Ltd has announced that its Board of Directors will convene a meeting on Friday, April 17, 2026. The meeting is scheduled to take place at 03:00 P.M. at the Company's registered office located at 4th Floor B/408, Stellar, Sindhu Bhavan Road Nr Pakwan Cross Road, Bodakdev, Ahmedabad, Gujarat, India - 380 054.The primary focus of the Board Meeting will be the consideration and approval of key financial documents for the company.During the meeting, the directors are slated to consider and approve:* The Audited Financial Results of the Company for the Quarter and Year ended on March 31, 2026, along with the Auditor's Report...

Apollo Tyres Ltd Receives Penalty Order of Rs 15.10 lacs in GST Dispute Over E-way Bill Apollo Tyres Ltd, a leading tyre manufacturer, reported receiving an order from the Assistant Excise and Taxation Officer, Haryana (GST), concerning a dispute related to E-way Bills. The company stated that the authority passed an order levying a penalty of Rs 15.10 lacs.The order was received by Apollo Tyres Ltd on April 13, 2026. The dispute primarily revolves around issues concerning E-way Bills.Apollo Tyres Ltd provided details of the enforcement action in an annexure outlining the specifics of the penalty.ParticularsDetailsName of the AuthorityAssistant Excise and Taxation Officer, Haryana (GST)Penalty Order PassedLevying penalty...

IFGL Refractories Ltd Announces Resignation of Vice President - Projects IFGL Refractories Ltd has announced the resignation of its Vice President - Projects, Mr. Subbaraman Swaminathan. The executive stated that his departure is due to personal reasons.Mr. Swaminathan's resignation is effective from the close of working hours on April 14, 2026.The company confirmed the details of the change in leadership. Key facts regarding the transition are summarized below:ParticularsDetailsRoleVice President - ProjectsDeparting ExecutiveMr. Subbaraman SwaminathanReason for ChangeResignation due to personal reasonsCessation DateClose of working hours on April 14, 2026The announcement confirms the change in key personnel...

Tanla Platforms Ltd. Announces Board Meeting and Earnings Call for Q&FY Results Tanla Platforms Ltd. has scheduled a meeting of its Board of Directors to consider the audited financial results for the quarter and financial year ended March 31, 2026. The company also announced the details for the associated earnings call.The Board Meeting is slated for Friday, April 24, 2026. Key business items to be transacted during the meeting include considering and approving the audited financial results (Standalone and Consolidated) for the Quarter & Financial Year ended March 31, 2026, and considering the declaration of any interim dividend.The earnings call to discuss the audited financial results for the quarter and financial year ended...

North Eastern Carrying Corporation Ltd Approves Capital Increase, New Business Objects, and Corporate Lending Measures North Eastern Carrying Corporation Ltd announced several key corporate approvals following its Board of Directors meeting held on April 14, 2026. The board addressed significant structural changes, including expanding the company's authorized capital and broadening its operational scope.In terms of capital structure, the board approved increasing the company's authorized share capital and altering the relevant clause of the Memorandum of Association.Capital Structure Changes The authorized share capital was approved to increase from Rs. 100,00,00,000 (Rupees One Hundred Corres Only) to Rs. 110,00,00,000 (Rupees One...

Kilburn Engineering Ltd. to Sell 40% Stake in Subsidiary KEEPL to East End Technologies Private Limited Kilburn Engineering Ltd. has announced a significant change in the shareholding structure of its wholly owned subsidiary, Kilburn East End Private Limited (KEEPL). The company has entered into a Joint Venture Agreement detailing the sale of a 40% equity stake in KEEPL to East End Technologies Private Limited (EETPL).The development follows an earlier term sheet executed between Kilburn Engineering Limited and EETPL, which initially proposed a 60:40 ownership split. With the execution of the Joint Venture Agreement on April 14, 2026, Kilburn Engineering Ltd. agreed to transfer 40% of KEEPL’s equity share capital to EETPL, subject to...

Syrma SGS Technology Completes Joint Venture Closing with Elemaster, Achieving 60% Stake in JVCo Syrma SGS Technology Ltd has announced the successful closing of its joint venture with Elemaster S.P.A Tecnologie Elettroniche, involving Syrma SGS Design and Manufacturing Private Limited (JVCo). The transaction was completed on April 14, 2026, following the terms outlined in the Joint Venture Agreement executed on September 1, 2025.The closing saw Syrma SGS Technology Ltd and Elemaster S.P.A acquire significant equity stakes in JVCo, solidifying the structure of the venture.As part of the completed acquisition, Syrma SGS Technology Ltd acquired 11,43,322 equity shares of JVCo for a total consideration of INR 32,69,90,092. This...

Go Digit General Insurance Ltd Board Meeting Scheduled to Review Q1 and Full Year Financial Results Go Digit General Insurance Limited has scheduled a meeting of its Board of Directors on April 28, 2026. The board meeting is set to consider and approve the company's audited financial results for the quarter and the annual financial statements for the financial year ended March 31, 2026.The company issued the update confirming the board meeting details and the agenda focused on the financial performance assessment.In addition to the board meeting, the company also provided an update regarding its trading window. The trading window for dealing in the securities of Go Digit General Insurance Limited, which had been closed since...