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RITES Limited Confirms Liquidation of MMG - Metro Management Group RITES Limited has confirmed the liquidation of MMG - Metro Management Group Limited.MMG - Metro Management Group Limited was established as a Joint Venture Company involving RITES, Delhi Metro Rail Corporation (DMRC), and the Israeli firm M/s. Poran Shrem Engineering and Appraisal Limited. RITES Limited issued the confirmation regarding the closure of the joint venture company.RITES Stock Price Movement On Monday, RITES Limited shares slipped by 0.81%, settling at ₹205.2 before the close. The stock traded on substantial volume, with 587,325 shares changing hands during the session.Source:

LIC Announces Proposed Issuance of 1:1 Bonus Equity Shares Mumbai, April 13, 2026: The Board of Directors of Life Insurance Corporation of India (LIC) announced the approval of the issuance of bonus equity shares in a ratio of 1:1. The proposal, which is subject to the subsequent approval of shareholders, aims to reward existing members for their continued support and trust.The board stated that the issuance of bonus equity shares is intended to help balance the paid-up capital against LIC's accumulated reserves, while also enhancing the company's liquidity and marketability by making the share more affordable and attractive to a broader investor base. Furthermore, the company clarified that the proposed bonus shares would not impact...

Stallion India Fluorochemicals Limited Approves Grant of Employee Stock Options Stallion India Fluorochemicals Limited announced the approval of a significant tranche of Employee Stock Options (ESOPs) following a resolution passed by its Nomination and Remuneration Committee (NRC) on April 13, 2026.The NRC approved the grant of ESOPs to eligible employees under the Stallion Employee Stock Option Plan 2025.The key financial details of the ESOP grant are as follows:SchemeTotal OptionsExercise Price per OptionVesting PeriodStallion Employee Stock Option Plan 202515,86,505/- (Fifteen lakh eighty-six thousand five hundred five Only)INR 10/-Vesting over 1 year (100%)The total options granted amount to 15,86,505/- (Fifteen lakh...

Jio Financial Services Ltd Board Meeting Scheduled for April 17, 2026, to Approve FY Results and Recommend Dividend Jio Financial Services Ltd has announced that its Board of Directors meeting is scheduled for Friday, April 17, 2026. The board meeting aims to address the company's financial performance and recommend a dividend for the fiscal year.During the meeting, the primary agenda includes consideration and approval of the standalone and consolidated audited financial results of the company for the quarter and the year ended March 31, 2026. Furthermore, the board is scheduled to recommend a dividend on the equity shares of the company for the financial year that concluded on March 31, 2026.Following the board meeting, a...

Newmalayalam Steel Makes Further Investment in Subsidiary Prime NMS Private Limited Newmalayalam Steel Limited has made a further investment into its subsidiary, M/s. Prime NMS Private Limited. The investment was structured through a rights issue involving the allotment of 1,50,000 Equity Shares, at par.The total investment amount stands at Rs. 1,50,00,000. This transaction represents a cash consideration, marking a significant financial commitment by the parent company to its subsidiary.Prime NMS Private Limited is a company engaged across various metal processing activities. Its business scope includes manufacturing, processing, trading, importing, and exporting of steel, alloys, and all types of ferrous and non-ferrous metals and...

NCLT Issues Directive for Swan Defence and Heavy Industries' Amalgamation Scheme The National Company Law Tribunal (NCLT) has issued a directive regarding the proposed Scheme of arrangement and amalgamation involving Swan Defence and Heavy Industries Limited (SDHIL) and Triumph Offshore Private Limited (TOPL).The order, dated April 13, 2026, pertains to the Scheme aimed at amalgamating the two entities. This proceeding was initiated under sections 230 to 232, read with sections 66 and section 52 of the Companies Act, 2013.The NCLT directive inter alia outlined several requirements for the companies and their respective stakeholders. Key directives issued by the Tribunal include:SDHIL is directed to convene a meeting of its Equity...

LIC to Issue Bonus Shares in Ratio of 1:1, Capitalizing ₹ 6,324.99 Crore The Life Insurance Corporation of India (LIC) announced that its Board of Directors approved the issuance of bonus equity shares. The decision was taken during the Board Meeting held on Monday, April 13, 2026.The Corporation approved the bonus issue at a ratio of 1:1. This means that the company will issue one fully paid up equity share of ₹ 10/- each for every one fully paid up equity share of ₹ 10/- each held by its members as on the record date.The bonus issue will be capitalized out of the Reserves & Surplus of the Corporation available as at December 31, 2025, subject to approval from the members. The total sum available for capitalization is not to exceed...

Terrier Subsidiary Receives Rs. 9.26 Crores Income Tax Refund for FY 2024-25 Bluspring Enterprises Limited reported that its subsidiary, Terrier Security Services (India) Private Limited, received an income tax refund totaling Rs. 9.26 Crores. The refund relates to the financial year 2024-25 (Assessment Year 2025-26).Terrier Security Services (India) Private Limited received the funds on April 11, 2026, from the Centralized Processing Center (CPC), Income Tax Department, Bengaluru. This receipt was based on an order passed under Section 154 read with section 143(1) of the Income Tax Act, 1961, dated March 20, 2026.According to the details provided, the core financial information regarding the refund is summarized below...

HealthCare Global Enterprises Completes Acquisition of Additional Shares in Vizag Hospital HealthCare Global Enterprises Limited (the Company) has completed the acquisition of additional equity shares in Vizag Hospital and Cancer Research Centre Private Limited (Vizag Hospital). The purchase was executed from the Selling Shareholders and significantly increased the Company’s stake in the hospital group.The Company successfully acquired an additional 1,93,441 equity shares, which represent a 34% equity share capital of Vizag Hospital. The total aggregate purchase consideration for this stake was INR 154,50,17,135.82.Key details of the acquisition are summarized below:ParameterDetailShares Acquired1,93,441Percentage Stake...

Dixon Technologies Confirms Operations Unaffected by Noida Labour Protest Dixon Technologies (India) Limited issued a statement addressing recent media reports concerning a labour protest in Noida, Uttar Pradesh. The company clarified that the protest is considered an industry-wide event, primarily attributed to misinformation affecting multiple industries within the Noida region.The company confirmed that its own operations remain fully compliant with applicable laws and are experiencing no material impact due to the unrest.Dixon Technologies emphasized that ensuring the safety and well-being of its employees remains its highest priority. The company noted that authorities are actively coordinating with industries across the region...

LIC Appoints Mukesh Chandra Joshi as Additional Zonal Manager, North Central Zone The Life Insurance Corporation of India (LIC) announced a change in its Senior Management Personnel (SMP) on April 13, 2026, elevating Mr. Mukesh Chandra Joshi to the role of Additional Zonal Manager, North Central Zone, Kanpur.In this operational update, Mr. Joshi transitioned from his previous role as Chief (Bancassurance & Alternate Channels) at the Central Office in Mumbai.Mr. Joshi's career history with the corporation dates back to 1992, when he joined LIC as an Assistant Administrative Officer. He holds a graduate degree in Humanities from the University of Lucknow. Over his more than three decades of service, he has accumulated significant...

Skyline Ventures India Files FIR Over Alleged Fraud, Misappropriation of Funds Skyline Ventures India Ltd has filed a First Information Report (FIR) detailing suspected fraud involving former directors and associated parties. The company initiated the legal action, filing FIR No. 542/2026 at the Madhapur Police Station in Cyberabad on April 9, 2026. The allegations center on the misuse of funds, suspicious transactions, and potential falsification of records by former key personnel.The FIR names Mr. Prashanth Mitta, former Director; Ms. Asha Mitta, former Managing Director; Mr. Kishore Kumar Nagilla, Director of Verrkotech Solutions Private Limited; and Mr. Gaurav Khurana, Managing Director of Raj Breeders and Hatcheries Private...

Onix Solar Energy Ltd to Hold Board Meeting on April 17, 2026, to Consider Fundraising Proposals Onix Solar Energy Ltd, formerly known as ABC GAS (INTERNATIONAL) LIMITED, has scheduled a meeting of its Board of Directors to discuss strategic financial initiatives. The meeting is set for Friday, April 17, 2026, and will be conducted via video conference.The primary focus of the board meeting is a proposal regarding the raising of funds. The board plans to consider the issuance of equity shares and/or other permissible securities. This fundraising effort could include a rights issue or utilize any other mode permitted under applicable law.Additionally, the agenda allows for the discussion of any other items with the permission of the...

Adani Total Gas Ltd Receives Care Edge - ESG 1+ Rating from CARE ESG Ratings Adani Total Gas Ltd announced on April 13, 2026, that it has received a significant environmental, social, and governance (ESG) rating from CARE ESG Ratings Limited.The ratings agency assigned the company a rating of 'Care Edge - ESG 1+' with a score of 83.3.The 'Care Edge - ESG 1+' designation is noted as indicating a leadership position in managing ESG risk. This status is attributed to the company's commitment to best-in-class disclosures, policies, and performance across ESG parameters.ATGL Stock Price Movement Adani Total Gas Limited shares today slipped by 1.39% to settle at ₹572.4. The equity closed on a volume of 4.87 million shares, having ranged...

Canara HSBC Life Insurance Enters Corporate Agency Agreement with Odisha Grameen Bank for Product Distribution Canara HSBC Life Insurance Company Limited announced on April 13, 2026, that it has formalized a Corporate Agency Agreement with Odisha Grameen Bank. The partnership aims to expand the reach of the company’s insurance products through the bank’s network.The agreement establishes Odisha Grameen Bank, a Regional Rural Bank licensed by the Reserve Bank of India, as a key partner for the distribution of Canara HSBC Life Insurance Company Limited’s insurance portfolio.Under the terms of the Corporate Agency Agreement, the company confirmed that it will pay commission to Odisha Grameen Bank, calculated as per the Company’s Board...

Elpro International Ltd Acquires Equity Shares of DLF Limited Elpro International Ltd has announced the acquisition of equity shares in DLF Limited. The company initiated the transaction with the stated purpose of investment.The acquisition details indicate that Elpro International Ltd acquired 1,06,000 equity shares of DLF Limited. This marks the company's total holding, having previously held nil equity shares. The cost of this acquisition was determined to be INR 6.01 Crores. The transaction utilized cash consideration.DLF Limited, which falls under the Residential Commercial Projects industry, is described as India's largest publicly listed real estate company. The company's operations span 15 states and 24 cities, developing...

GAIL to Set Up 600 MW Solar Project in Uttar Pradesh GAIL (India) Limited, a Government of India Undertaking and a Maharatna Company, announced the approval of a major renewable energy initiative. The company's Board of Directors approved the setting up of a Greenfield 600 MW Solar Project in Uttar Pradesh during a meeting held on April 13, 2026.The solar project aims to significantly boost the company's renewable energy portfolio. According to the details provided, the facility will feature a 600 MW solar capacity coupled with a 550 MWh co-located BESS (Battery Energy Storage System).The company detailed the project specifications, which include an existing solar capacity of approximately 29 MW. This proposed addition of 600 MW...

Hathway Cable & Datacom Acquires Remaining Stake in Hathway Channel 5, Consolidating Operations Hathway Cable & Datacom Ltd. announced the acquisition of the remaining equity stake in its subsidiary, Hathway Channel 5 Cable and Datacom Private Limited. The transaction, which took place on April 13, 2026, was executed for the consolidation of business operations.Through this acquisition, Hathway Cable & Datacom purchased the balance 49% equity stake, comprising 2,39,235 equity shares, from existing shareholders of Hathway Channel 5 Cable and Datacom Private Limited. The aggregate consideration for this acquisition was ₹ 40,000 (Rupees Forty Thousand only). Following the purchase, Channel 5 became a wholly owned subsidiary of Hathway...

Indian Railway Catering and Tourism Corporation Ltd Records Cessation of Senior Management Personnel Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has confirmed a change in its senior management structure. The company reported that Sh. Vinay Kumar Pathak has ceased to be a Senior Management Personnel.According to the company statement, Sh. Vinay Kumar Pathak, who was previously working on deputation as the Group General Manager/IRCTC/CO (One Level Below Board - Senior Management Personnel), repatriated on April 13, 2026, at the conclusion of his tenure.The cessation of his role as Senior Management Personnel was effective from the same day, April 13, 2026.IRCTC Stock Price Movement Indian Railway Catering And Tourism...

Gretex Industries Limited Appoints Tanishq Harlalka as Senior Management Personnel Gretex Industries Limited announced on April 13, 2026, the appointment of Mr. Tanishq Harlalka as Senior Management Personnel (SMP). The appointment details confirm that Mr. Harlalka has been appointed to the role of Head of Department - Marketing & Strategy.The effective date of his appointment is April 13, 2026.In relation to his professional background, Mr. Tanishq Harlalka brings experience in merchant banking, corporate strategy, and business development. His expertise is noted for its strong focus on driving revenue growth and expanding market presence. Prior to this role, he was associated with Gretex Corporate Services Limited, having held...