Markets

Gulf Oil Lubricants Completes Allotment of Shares Under Employee Stock Option Scheme Gulf Oil Lubricants India Limited announced a significant increase in its share capital following the allotment of equity shares to eligible employees. The allotment was executed under the Gulf Oil Lubricants India Limited Employee Stock Option Scheme 2015.The company confirmed that its Stakeholders' Relationship Committee approved the allotment of 1,07,807 Equity Shares. These shares, with a face value of ₹ 2/- each, were allotted to eligible employees upon the exercise of their options granted under the scheme.Following this action, the issued and paid-up equity share capital of Gulf Oil Lubricants India Limited increased by ₹ 2,15,614. The total...

Vadivarhe Speciality Chemicals Secures Purchase Orders from Leading Japanese Chemical Firm and Turkish Pharma Company Vadivarhe Speciality Chemicals Limited has announced securing significant purchase orders from two international clients, one in Japan and another in Turkey. The orders cover the supply of Speciality Chemicals and Active Pharmaceuticals Ingredients, respectively.The company reported receiving purchase orders aggregating to Rs. 4,66,05,000 from a leading chemical company in Japan. Separately, Vadivarhe received an order valued at Rs. 5,84,42,670 from a leading pharmaceutical company based in Turkey.The two international contracts detail specific product requirements and delivery timelines. The Japan-based order is for...

Eimco Elecon Board Approves Dividend Recommendation and Audit Report for FY 2026 Eimco Elecon (India) Limited announced the key outcomes of its Board Meeting held on April 14, 2026. The Board recommended a significant dividend for the financial year ended March 31, 2026, and approved the audited financial results for both the quarter and the full year.The company recommended a final dividend of 40% (Rs. 4/- per equity share) on its 57,68,385 fully paid equity shares of Rs. 10/- each. This recommendation is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) and the dividend will be paid/dispatched on or before 30 days from the conclusion of the AGM.Financial Results and Audit Opinion During the...

DCM Shriram Fine Chemicals Ltd Clarifies Regulatory Citation Error Regarding Credit Rating Information DCM Shriram Fine Chemicals Ltd issued a clarification regarding its communication concerning its credit rating, bank facilities, and fixed deposits. The company addressed an error found in the regulatory citation mentioned in a letter dated April 08, 2026.The company specified that an incorrect reference was made to SEBI's regulations. The original communication mistakenly cited Regulation 30 read with Schedule II of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.The correction clarifies that the intended and proper reference was Regulation 30 read with Schedule III of the SEBI (Listing Obligations and...

KFin Technologies Ltd Allots 23,030 Equity Shares Through Employee Stock Option Plan KFin Technologies Ltd. reported a significant increase in its paid-up equity capital following the allotment of shares to eligible employees. The allotment of 23,030 Equity Shares occurred on April 14, 2026.The allotment was executed by the Nomination and Remuneration Committee of the Board of Directors of the Company. These shares were issued pursuant to the exercise of options by eligible grantees under the KFin Employee Stock Option Plan 2020. Each share allotted carries a face value of Rs. 10/-.The capital structure of KFin Technologies Ltd. saw a material enhancement following this transaction. The company’s total issued, subscribed, and...

Him Teknoforge Ltd to Call Off Joint Venture and Strike Off Associate Company Him Teknoforge Ltd has confirmed the withdrawal from its Joint Venture (JV) Agreement with Italian counterparts, which had been established through M/s Dinamico Axles & Drive Wheels Private Limited. The company confirmed that since no capital has been infused to date, and the JV Company has not commenced significant business operations, the company intends to apply for striking off the JV Company's name from the records of the Registrar of Companies under the Companies Act, 2013.The company formally consented to the striking off process by passing a resolution through circulation on April 13, 2026.The financial and operational details regarding the...

BPL Limited Addresses NCLT Proceedings Following Creditor Application BPL Limited has provided an update on ongoing legal proceedings concerning an application filed by a creditor before the National Company Law Tribunal (NCLT), Kochi. The company confirmed that the legal matter involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016.The matter was registered as Case No. KOB C.P. (IB) 10/2026. A communication from NCLT, Kochi, detailing the matter was received by BPL Limited on April 13, 2026.In relation to the proceeding, the company noted that the creditor is currently requesting the NCLT to act upon an order issued by the Supreme Court of India. BPL Limited clarified that the company's review petition...

Prithvi Exchange Opens New Forex Services Branch in Trivandrum, Kerala Prithvi Exchange (India) Ltd announced the expansion of its services, opening a new branch location in Trivandrum, Kerala. The move aims to enhance the company's reach and improve service delivery for its clients.The new branch is strategically located at A5/2, Old TC 29/219, Ramakripa, Elankom Gardens, Vellayambalam, Sasthamangalam (PO), Trivandrum - 695010, Kerala.The company stated that the establishment of the new facility is intended to offer forex services in a contemporary and technologically updated atmosphere. Prithvi Exchange aims to provide all its clients with the best possible service through this expansion.Prithvi Exchange remains committed to...

CRISIL Reaffirms Credit Ratings for Mangalam Organics Ltd's Bank Facilities at Rs. 397 Crore Mangalam Organics Ltd has received a review and reaffirmation of its credit ratings for its bank facilities, which aggregate to Rs. 397 Crore. The rating review was conducted by CRISIL Ratings Limited.The ratings for the company's debt facilities were examined, with CRISIL confirming the existing ratings and maintaining the current outlook.The details of the confirmed ratings are as follows:Rating TypePrevious Rating and OutlookRevised Rating and OutlookLong-Term RatingCRISIL BBB+/Watch Developing (Continues on 'Rating Watch with Developing Implications')CRISIL BBB+/Watch Developing (Continues on 'Rating Watch with Developing...

Court Decree Issued to Subsidiary of Vishal Mega Mart Limited Over Lease Arrears Vishal Mega Mart Limited reported that its subsidiary, Airplaza Retail Holdings Private Limited, received a court order from the Commercial Court in New Delhi concerning the recovery of lease arrears.The details of the court action were provided by the company, reporting a judgment from the Court of Shri Gautam Manan, District Judge (Commercial Court)-03, South-West District, Dwarka Courts, New Delhi. The decree was received by the company on April 13, 2026.The legal action originated when Plaintiff Saroj Gupta filed a suit against Airplaza Retail Holdings Private Limited, seeking recovery of ₹1,15,75,629/- towards arrears of rent, GST, and interest...

SBEC Systems India Ltd Approves Rs. 2.80 Crores Term Loan for Solar Power Unit New Delhi, April 14, 2026 – SBEC Systems (India) Limited announced on April 14, 2026, that its Board of Directors approved the sanction letter for a term loan facility.During the Board meeting held on the date, the directors sanctioned a term loan of Rs. 2.80 Crores from SVC Co-operative Bank Limited. This funding is earmarked for the installation of a Solar Power Unit.Following the approval, the Company will enter into a Term Loan Agreement to avail the facility amounting to Rs. 2.80 Crores.The Board meeting commenced at 11:10 A.M. and concluded at 01:00 P.M.Stock Price Movement SBEC Systems India Ltd. slipped to ₹19.00 on Monday, ending the day down...

Kilburn Engineering Ltd Names New Chairman Following Change in Board Leadership Kilburn Engineering Ltd announced outcomes from its Board of Directors meeting held on April 14, 2026, detailing significant transitions in its leadership structure. The Board noted the conclusion of the tenure of Mr. Manmohan Singh and approved the appointment of Mr. Amritanshu Khaitan as the new Chairman, alongside the reconstitution of the Audit Committee.The Board recorded that Mr. Manmohan Singh, who served as Chairman and Independent Director, is concluding his second and final term as an Independent Director of the Company. His tenure concludes with effect from the close of business hours on April 20, 2026. Following the completion of his term, Mr...

Monarch Surveyors Secures Rate Contract from Northern Railway for Rs. 130 Crore Survey Work Monarch Surveyors and Engineering Consultants Ltd has announced the receipt of a rate contract with Northern Railway - CALA. The contract involves undertaking Final Location Survey, geotechnical studies, design, and the preparation of drawings, valued at a total order amount of Rs. 1,30,00,42,245.88.The company stated that this contract is expected to significantly boost its business operations. The scope of the work covers preliminary activities for preparing Detailed Project Reports (DPR) and land acquisition documentation for major railway infrastructure projects.The contract mandates carrying out Final Location Surveys and other...

Puravankara Limited Provides Corporate Guarantee of Rs. 196 Crore for Subsidiary's NCD Issuance Puravankara Limited has issued a Corporate Guarantee on behalf of its wholly owned subsidiary, Purvaland Private Limited. The guarantee is related to the issuance of Non-Convertible Debentures (NCDs) and is being provided in favor of Vistra ITCL (India) Limited.The Corporate Guarantee provided by Puravankara Limited is structured to cover the full amount of the NCDs. The total value of the guarantee stands at Rs. 196,00,00,000/- (Indian Rupees One Hundred and Ninety-Six Crore only).According to the details of the guarantee, the key aspects of the transaction are as follows:ParticularsDetailsParty Covered by GuaranteePurvaland...

Meta Infotech Ltd Commences Operations in Chennai as Part of Expansion Strategy Meta Infotech Ltd has commenced its operations in Chennai. The company confirmed that the new operations were effective as of April 14, 2026.The company stated that the ongoing operations are currently being carried out through a work-from-home arrangement. This setup is identified as a key component of Meta Infotech Ltd's broader business expansion strategy.The announcement confirming the operational commencement was issued by the company. Venu Gopal Peruri, Managing Director, represents Meta Infotech Ltd.Stock Price Movement At the close of trade on Monday, Meta Infotech Ltd settled at ₹91.24, rising 4.99% for the day. Throughout the session, the...

Apollo Pipes Ltd Commences Commercial Production at Mirzapur Plant Apollo Pipes Ltd has announced the commencement of commercial production at its new manufacturing facility located in Mirzapur, Uttar Pradesh. The company confirmed that the plant began full commercial operations on April 14, 2026.This development marks a key operational milestone for Apollo Pipes Ltd. The manufacturing plant is situated in Mirzapur, near Varanasi, Uttar Pradesh.The company had previously provided several updates regarding the facility over the preceding months, including intimations dated May 20, 2024, May 10, 2025, January 29, 2026, and March 31, 2026. The recent confirmation marks the transition from setup and announcement to full commercial...

Creative Newtech Limited Announces CFO Resignation Effective April 14, 2026 Creative Newtech Limited announced the resignation of its Chief Financial Officer (CFO), Mr. Abhijit Divakar Kanvinde, effective April 14, 2026. The Company confirmed that the resignation was tendered on the same date.Mr. Abhijit Divakar Kanvinde stepped down from the role of Chief Financial Officer due to personal reasons. As stated in his resignation, the decision was attributed to his advancing age, certain health considerations, and the demanding nature of the working hours associated with the position. Mr. Kanvinde also confirmed that there were no other material reasons for his departure beyond those stated.The resignation has been formally accepted by...

Smart Services Private Limited to Acquire 75% Stake in Sharp India Limited Via Share Purchase Agreement Sharp India Limited confirmed that its Board of Directors, at a meeting held on April 14, 2026, took note of the execution of a Share Purchase Agreement (SPA). The agreement involves the sale of a significant stake in the company by the promoters to Smart Services Private Limited.The SPA, dated April 14, 2026, is between Sharp Corporation, Japan Promoter and holding company (the Seller), and Smart Services Private Limited (the Purchaser).Under the terms of the agreement, the Purchaser agreed to acquire 1,94,58,000 fully paid-up equity shares, representing 75.00% of the paid-up equity share capital of Sharp India Limited. The...

Veritas (India) Ltd Regularizes Appointment of Mr. Jayaramakrishnan Kannan as Independent Director Veritas (India) Ltd announced that its members approved the regularization of the appointment of Mr. Jayaramakrishnan Kannan as a Non-Executive Independent Director. The approval followed a Postal Ballot Resolution passed on April 13, 2026.The resolution regularizes Mr. Kannan's initial appointment as an Additional Director in the capacity of a Non-Executive Independent Director. This regularization establishes his tenure as a Non-Executive Independent Director, who is not liable to retire by rotation.Mr. Kannan was initially appointed as an Additional Director on February 05, 2026, pending shareholder approval. Following the Postal...

CG Power and Industrial Solutions Announces Changes in Senior Management Leadership CG Power and Industrial Solutions Limited has announced key changes in its Senior Management Personnel, effective April 14, 2026. The changes involve a role transition for Mr. Deven Jani and the appointment of Mr. Shirish Shah to a senior leadership position.Mr. Deven Jani, who previously held the role of Vice President - Strategic Sourcing and oversaw initiatives under i2v (Innovate to Value) and ESG, is transitioning roles. Under his new designation as Vice President - i2v & ESG Head, Mr. Deven will take a focused leadership role in i2v & ESG and will cease to be part of the Company's Senior Management Personnel effective April 14, 2026.In a new...