Markets

Gala Global Products Ltd Plans to Seek Shareholder Mandate for Insolvency Resolution Gala Global Products Ltd announced that its Board of Directors, during a meeting held on April 14, 2026, reviewed the company's financial position and decided to seek a special resolution from its shareholders regarding insolvency proceedings.The Board noted that the Company's total liabilities significantly exceed the realizable value of its assets. To protect the interests of all stakeholders and preserve the value of the Company as a going concern, the Board resolved to seek an enabling mandate from the shareholders. This mandate is required to initiate the Corporate Insolvency Resolution Process (CIRP) under Section 10 or the Pre-packaged...

Gravita India Ltd Announces Voluntary Dissolution of South African Subsidiary Gravita India Ltd announced that the voluntary dissolution of Recyclers South Africa (PTY) Ltd., a subsidiary of Gravita Netherlands B.V. situated in South Africa, has been completed. The company stated that since the subsidiary was not engaged in any business activity, the dissolution would not result in a material financial impact on the company's books.The details regarding the dissolution of Recyclers South Africa (PTY) Ltd. were reported by Gravita India Ltd on April 14, 2026.In relation to the subsidiary, the following financial and operational details were noted:ParticularsDetailsContribution on Total Income BasisNILContribution on Net...

Billionbrains Garage Ventures Ltd to Hold Board Meeting for FY26 Financial Results Billionbrains Garage Ventures Ltd, formerly Billionbrains Garage Ventures Private Limited, has scheduled a Board Meeting to review the company’s audited financial results for the quarter and the year ending March 31, 2026.The meeting of the Board of Directors is scheduled for Monday, April 20, 2026. The primary purpose of the gathering will be to consider and approve the Audited standalone and consolidated financial results for the period ending March 31, 2026.In related operational news, the trading window for designated persons and/or their immediate relatives concerning the company’s equity shares was previously closed starting Wednesday, April 01...

Landmark Cars Limited Reports Strong Quarterly Sales Momentum for Q4FY26 Landmark Cars Limited reported strong quarterly sales for the period ending March 31, 2026, citing sustained demand momentum post GST 2.0 and robust year-end sales activity, despite global uncertainties.The company released its consolidated financial data, showing significant year-over-year growth across key operational segments.According to the reported figures, the consolidated total revenue from operations, including agency sales, for Q4FY26 stood at 1,790 (Proforma) Rs. Cr. This represented a Year-over-Year (YoY) increase of 17.30% compared to Q4FY25. Furthermore, the total revenue for FY26 reached 6,713 (Proforma) Rs. Cr., marking a 19.32% growth compared...

Tata Chemicals Simplifies Group Structure Following Dissolution of UK Subsidiaries Tata Chemicals Ltd has completed the voluntary strike-off and dissolution of two of its wholly owned subsidiaries: Cheshire Salt Holdings Limited and New Cheshire Salt Works Limited. The dissolution of both entities was effective on April 14, 2026.These corporate changes mean that Cheshire Salt Holdings Limited and New Cheshire Salt Works Limited have officially ceased to operate as wholly owned subsidiaries of the company.The company stated that this action will result in the simplification of the group holding structure. However, the dissolution does not change the ultimate ownership of Tata Chemicals over its remaining UK holding and operating...

Ladderup Finance Ltd Subsidiary Acquires 100% Stake in Jericho Ventures Private Limited for Rs. 14 Crore Ladderup Asset Managers Private Limited, a subsidiary of Ladderup Finance Ltd., has acquired a controlling stake in Jericho Ventures Private Limited (JVPL). The transaction, formalized through a Share Purchase Agreement (SPA) on April 14, 2026, involves the direct acquisition of 100% of the paid-up equity shares of JVPL.The total consideration for the acquisition was set at Rs. 14,00,00,000/- (Rupees Fourteen Crores Only). Following the completion of the transaction, JVPL will become a Wholly Owned Subsidiary of Ladderup Asset Managers Private Limited, subsequently establishing itself as a Step-Down Subsidiary of Ladderup Finance...

Brand Concepts Limited Opens New 'JUICY COUTURE' Store in Hyderabad Brand Concepts Limited announced the opening of a new retail outlet, 'JUICY COUTURE,' reinforcing its ongoing growth strategy. The new store, located at Unit No. GF-20, LakeShore Kukatpally Hyderabad-500072, is designed to enhance customer convenience and improve services for its clientele.The company confirmed the operational launch of the new 'JUICY COUTURE' store in Hyderabad on April 14, 2026.This expansion highlights Brand Concepts Limited's commitment to extending its reach and service network. The opening of the facility aims to bring greater accessibility and improved customer services to the local community.BCONCEPTS Stock Price Movement On Monday, Brand...

Kalpataru Ltd Reports Strong Pre-Sales and Collections Growth for FY 2025-26 Kalpataru Ltd has released its operational performance summary for the quarter and the full year ending March 31, 2026. The company provided key metrics detailing its performance in both the fourth quarter and the entire fiscal year, showcasing growth in both pre-sales revenue and collections.The company's financial performance data is structured to allow investors and market participants to compare the current reporting period against the previous fiscal years.Q4 FY 2025-26 Performance Summary The fourth quarter of the fiscal year 2025-26 saw notable growth compared to the previous year. Pre-sales revenue reached 1,833 INR Cr, marking a 6% year-over-year...

Innova Captab Limited's GST Proceedings Dropped; Demand of ₹ 15,81,37,255.40 Canceled Innova Captab Limited announced today that proceedings related to a Show Cause cum Demand Notice (SCN) issued under the Central Goods & Services Tax (CGST) Act, 2017, have been dropped by the adjudicating authority. The company confirmed that the matter stands concluded with no resultant liability.The proceedings stemmed from an SCN dated October 15, 2025, which was issued by the Central Goods & Services Tax Commissionerate, Regional Unit, Shimla.Following the issuance of the notice, Innova Captab Limited submitted its response and supporting documents within the prescribed timelines. After reviewing the submissions and records, the adjudicating...

Oberoi Realty Limited Announces Amalgamation of Nirmal Lifestyle Realty Private Limited Oberoi Realty Limited has announced that the Scheme of Amalgamation involving Nirmal Lifestyle Realty Private Limited (NLRPL) is now effective. The merger, which involves Oberoi Realty Limited (ORL) and their respective shareholders, was formalized on April 14, 2026.The Scheme of Amalgamation details the integration of Nirmal Lifestyle Realty Private Limited with Oberoi Realty Limited. The process reached its effective stage following the filing of requisite forms with the Registrar of Companies, Mumbai, on the specified date.The amalgamation marks a significant corporate development for both entities, officially making the Scheme effective from...

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...