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PNGS Gargi Fashion Jewellery to Host Virtual Meeting with Investors and Analysts PNGS Gargi Fashion Jewellery Limited announced that its management has scheduled a virtual meeting with investors and analysts.The management's virtual meeting is scheduled on April 17, 2026, with Motilal Oswal Private Equity. The session is slated for a one-to-one format, running from 3:00 PM to 4:00 PM.The details of the planned investor call are presented below:DateParticularsModeTimeApril 17, 2026Motilal Oswal Private EquityVirtual3:00 PM - 4:00 PMThe company's operational update confirms the schedule for the investor engagement.Stock Price Movement At the close of trade today, shares of PNGS Gargi Fashion Jewellery Ltd settled at...

NCL Industries Ltd. Board Addresses Fine Levied by National Stock Exchange NCL Industries Ltd. announced that its Board of Directors reviewed a penalty imposed by the National Stock Exchange (NSE) concerning delayed filings. The fine related to the Shareholding pattern for the quarter ended December 31, 2025.The Board reviewed the notice regarding the penalty, which amounts to Rs. 54,280/-, inclusive of GST.During the Board meeting held on April 13, 2026, the directors examined the notice of non-compliance and the subsequent waiver application and rejection letter.Following the review, the Board issued specific directives, emphasizing the need for strict adherence to all SEBI (LODR) Regulations applicable to the company...

Music Broadcast Ltd Receives Tax Demand Order for Assessment Year 2019-20 Music Broadcast Ltd, operating under the trade name Radio City, has received a demand order concerning income tax liability for the assessment year 2019-20. The demand was issued by the Assistant Commissioner of Income Tax - 14(1)(1), Mumbai.The order, dated March 27, 2026, demanded an amount of Rs. 8,71,476/-. The company received this order via e-mail on April 13, 2026, pertaining to the Income-Tax Act, 1961, specifically under Section 154 read with Section 155 (18).The specific details of the demand are as follows:DetailInformationAuthorityAsst. Commissioner of Income Tax - 14(1)(1), MumbaiDemand AmountRs. 8,71,476/-Relevant SectionsSection 154...

Minda Corporation Forms Joint Venture with Turntide to Boost India's EV Powertrain Solutions Minda Corporation Limited, through its subsidiary, has entered into a strategic joint venture with Turntide Drives Limited, United Kingdom. The partnership aims to develop and manufacture advanced new generation mobility vehicle powertrain solutions, supporting India's rapidly growing electric vehicle (EV) sector.The collaboration resulted in the incorporation of a new entity, 'Spark Minda Turntide Private Limited,' in India on April 11, 2026.The Joint Venture Company will focus on producing advanced components including high and low voltage motor controllers, high-voltage and high-performance electric motors, pumps for thermal applications...

Tata Communications Announces Retirement of Managing Director and CEO Mr. A. S. Lakshminarayanan Tata Communications Limited announced the retirement of Mr. A. S. Lakshminarayanan, which effective from April 13, 2026. Mr. A. S. Lakshminarayanan, who has served as the Managing Director and Chief Executive Officer, concluded his tenure with the company at the close of working hours on this date.The Company issued a statement appreciating the significant contributions made by Mr. A. S. Lakshminarayanan during his time with the organization.The material details regarding the transition are as follows:ParticularsDetailsNameMr. A. S. LakshminarayananRoleManaging Director and Chief Executive OfficerReason for ChangeRetirement...

Matrix Geo Solutions Awarded Two-Year Empanelment to Partner with Central Electronics Limited Matrix Geo Solutions Limited has been awarded a two-year empanelment with Central Electronics Limited, a Government of India Enterprise. The empanelment positions the company as an agency for technology partners specializing in joint Research & Development (R&D), Co-Production, and System Integration for Business Development in India and various Overseas Markets.The newly secured empanelment encompasses a diverse range of market exposure and provides access to various new operational locations.The company noted that these achievements further support its expansion across India and are expected to pave the way for sustained business growth...

Paradeep Parivahan Ltd Appoints Abdul Basith Shaikh as Additional Director Paradeep Parivahan Ltd announced the appointment of Mr. Abdul Basith Shaikh as an Additional Director, effective April 13, 2026. The Board of Directors approved the move following a meeting held on this date, based on the recommendation of the Nomination and Remuneration Committee.The appointment of Mr. Abdul Basith Shaikh (DIN: 11070576) is effective from April 13, 2026. The Board noted that he will continue to serve as an Additional Director until the upcoming Annual General Meeting. Furthermore, his position is slated to be regularized as a whole-time director, contingent upon the approval of the company's shareholders.Director Profile and Experience Mr...

H.G. Infra Engineering Ltd Wins Domestic Contract for Mirzapur Thermal Power Project H.G. Infra Engineering Limited announced on April 13, 2026, that it has secured a significant contract from Mirzapur Thermal Energy (UP) Private Limited. The order pertains to the development of Railway Infrastructure at the 2x800 MW Thermal Power Project in Mirzapur, Uttar Pradesh.The project requires the execution of Civil works, including earthwork, bridges, and Station buildings, alongside P-way works. This domestic contract was awarded on an Item Rate/BOQ basis.According to the details provided, the total consideration for the order amounts to INR 519.33 crore (including taxes). H.G. Infra Engineering Limited has been given a construction...

Ashnoor Textile Mills Ltd Receives Revised Credit Ratings for Bank Facilities Ashnoor Textile Mills Ltd has received a revised credit rating from CRISIL Ratings Limited concerning its bank facilities for the financial year 2026-27.According to the review, the company's total bank loan facility, amounting to INR 80 Crores, has been assessed by CRISIL Ratings Limited. The ratings assigned were a CRISIL BBB-/Stable for the long term facility and a CRISIL A3 rating for the short term facility.The credit rating report provides a detailed breakdown of the 80 Crores facility, specifically concerning Bank of Baroda. The facility structure and associated ratings are detailed below:Facility TypeBankOutstanding Amount (Rs. in Crore)Rating...

Sanginita Chemicals Limited Announces CFO Resignation, Board to Address Succession on April 25 Sanginita Chemicals Limited announced the resignation of its Chief Financial Officer (CFO), Mr. Dipakkumar B. Chavda, citing personal reasons. The company confirmed receiving the resignation letter from Mr. Chavda on April 13, 2026.The company stated that the resignation will be placed before the Board of Directors during its meeting scheduled for April 25, 2026.In the interim period, Sanginita Chemicals Limited plans to identify and appoint a suitable replacement CFO to ensure continuity in its financial leadership.The company confirmed that the official date of Mr. Dipakkumar B. Chavda’s resignation and the appointment of the new CFO...

Godawari New Energy Subsidiary Secures 5-Year Supply Agreement for LFP Cells for BESS Manufacturing Godawari New Energy Private Limited (GNEPL), a wholly owned subsidiary of Godawari Power and Ispat Limited, has secured a major supply agreement crucial for its energy storage ambitions. The subsidiary has finalized a long-term contract with EVE Power Co. Ltd (EVE Power), a company incorporated in the Republic of China.The agreement, which was received by Godawari Power and Ispat Limited on April 13, 2026, mandates the purchase of key battery raw materials, specifically Lithium Ferro Phosphate (LFP) Cells. This supply agreement is set for a period of five years.Under the terms, GNEPL will acquire 628 Ah LFP Cells from EVE Power to...

Jaykay Enterprises Acquires Patange Industries to Bolster Missile Systems and Defence Capabilities Jaykay Enterprises Ltd. announced a strategically significant milestone with the entry into a Slump Sale Agreement (SSA) to acquire the business undertaking of Patange Industries Private Limited. The transaction aims to strengthen the company’s capabilities within the advanced missile systems domain.Under the agreement, Jaykay Enterprises Ltd. will acquire the business operations, assets, intellectual property, and customer relationships of Patange Industries Private Limited, located in Pune. The net consideration for this acquisition is set at Rs. 5,00,00,000 (Rupees Five Crores only).The acquired entity, Patange Industries Private...

Jaykay Enterprises Limited to Acquire Business Undertaking of Patange Industries in Defence Sector Jaykay Enterprises Limited announced on April 13, 2026, that it has executed a Slump Sale Agreement (SSA) with Patange Industries Private Limited (PIPL) to acquire the latter's business undertaking. The acquisition involves a unit engaged in the specialized field of defence precision manufacturing, fabrication, and engineering design services.The SSA establishes the terms for Jaykay Enterprises Limited to take over the entire business undertaking of PIPL. As per the agreement, the acquisition will be conducted on a going concern basis, subject to the specific terms and conditions laid out within the SSA.Under the key financial...

Nifty’s Strength Echoes: Private Sector Profitability Surges, Resilience Boosts Indian Economy The Reserve Bank of India (RBI) has released a comprehensive look at the financial performance of non-government non-financial (NGNF) private limited companies for the fiscal year 2024-25. The data reveals a picture of significant corporate resilience, marked by double-digit profit growth and improving balance sheet health across the sector.Based on audited annual accounts from select 15,919 companies, the total paid-up capital (PUC) of these key private players stood at ₹8,44,198 crore as of the end of March 2025. This figure represents 40.3 per cent of the total PUC for NGNF private limited companies, highlighting the scale of the analyzed...

Linc Ltd Announces Further Investment in Subsidiary Morris Linc Private Limited Linc Ltd has announced a further investment into its subsidiary, Morris Linc Private Limited. The investment totals Rs. 5,60,52,350/-, which is being used for the allotment of 56,05,235 Equity Shares of Rs 10/- each at par.The transaction involves a cash consideration from Linc Limited to bolster its subsidiary's operations.Morris Linc Private Limited, engaged in the manufacturing of writing instruments, has an authorized share capital of Rs. 12,00,00,000/- and a paid-up share capital of Rs. 43,50,000/-.The proceeds from the further share issue will be utilized by Morris Linc towards working capital and capital expenditure. Additionally, Morris Co...

Dolphin Kitchen Utensils and Appliances to Hold Board Meeting on April 18, 2026 Dolphin Kitchen Utensils and Appliances Ltd, formerly known as Sai Swami Metals and Alloys Limited, has scheduled a meeting of its Board of Directors. The board meeting is slated for Saturday, April 18, 2026.The primary objective of the meeting is to consider and approve the company's audited financial results. The board agenda includes reviewing both the Standalone and Consolidated audited Financial Results for the period that ended on March 31, 2026.In addition to reviewing the financial results, the company's board has reserved time for any other business matter, subject to the permission of the Chair.The company, represented by Nipun Anantlal...

Incredible Industries Ltd's Credit Facilities Downgraded by Infomerics Valuation and Rating Private Limited Incredible Industries Ltd announced that Infomerics Valuation and Rating Private Limited (IVRPL), the company’s credit rating agency, has downgraded the credit ratings assigned to the company's banking facilities. The downgrade notice was issued via email on April 10, 2025, citing the non-submission of requisite information.The company's credit ratings across long-term and short-term bank facilities have been revised by IVRPL.Instrument TypePrevious RatingCurrent RatingRating ActionLong Term Bank FacilitiesIVR BBB/ Stable (IVR Triple B with Stable outlook)TVR BBB-/ Negative ISSUER NOT COOPERATING* (IVR triple B minus with...

Vascon Engineers to Hold Board Meeting to Consider Fundraising and Increase Borrowing Limits Vascon Engineers Ltd has scheduled a meeting of its Board of Directors to consider significant corporate actions, including proposals for raising funds and increasing the company's borrowing limits.The Board Meeting is set to take place on Friday, April 17, 2026.The primary focus of the meeting will be on two key resolutions designed to augment the company's financial resources and strengthen its capital structure.First, the board is scheduled to consider a proposal for raising funds. This involves the issuance of equity shares, convertible instruments, and any other permissible securities in one or more tranches, subject to necessary...

Suraj Industries Ltd Approves Share Conversion and Forfeiture of Partly Paid-Up Rights Shares Suraj Industries Ltd has approved the conversion of partly paid-up rights equity shares and the forfeiture of a significant number of shares following the receipt of first call money. The decision was made by the Rights Issue Committee of the Board of Directors during a meeting held on April 13, 2026.The Board’s action followed the issuance of a Second Final Reminder-cum-Forfeiture Notice concerning 1,68,629 partly paid-up Rights Equity Shares, where the First Call Money remained unpaid. The payment window for these shares was noted as having commenced on March 20, 2026, and concluded on April 03, 2026.During the specified period, the...

ICICI Prudential Announces Final Dividend Recommendation and Updates Financial Results for FY2026 ICICI Prudential Asset Management Company Limited reported its audited financial results for the quarter and year ended March 31, 2026. In a recent Board meeting held on April 13, 2026, the Company also recommended a final dividend and approved details regarding future governance appointments and employee stock incentives.The Board of Directors recommended a final dividend of ₹ 12.40 per equity share to the equity shareholders for the financial year ended March 31, 2026. The disbursement of this dividend remains subject to the approval of the Members at the ensuing Annual General Meeting (AGM).Financial Results Snapshot (Indian Rupee in...