Markets

Samvardhana Motherson International Issues Clarification Regarding Labour Protests in Noida Samvardhana Motherson International Ltd released a clarification regarding recent labor developments appearing in electronic and print media concerning protests in Noida, Uttar Pradesh, and similar incidents in other cities.The company stated that the ongoing protests are viewed as a broader labor issue affecting multiple industries in Noida and other cities, primarily driven by misinformation regarding wage revisions.Samvardhana Motherson International Ltd confirmed that its operations continue to be fully compliant with all applicable laws, noting that the situation has no material impact on the company. The group emphasized that the safety...

Responsive Industries Ltd Appoints Mr. Ruvi Bhansali as Chief Financial Officer and Key Managerial Personnel Responsive Industries Limited announced the appointment of Mr. Ruvi Bhansali as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The appointment was made by the Board of Directors of the Company during its meeting held on April 13, 2026, and is effective immediately.The Board of Directors appointed Mr. Ruvi Bhansali to the roles of CFO and KMP, formalizing his association with the company starting April 13, 2026.According to the disclosed details, Mr. Ruvi Bhansali possesses a comprehensive educational background, holding an MBA in Finance from the Institute of Technology & Management Mumbai and a degree...

Shiva Texyarn Ltd Provides Update on Pending Litigation Status Shiva Texyarn Ltd has provided an update regarding a pending material litigation case. The company reported that the matter concerning M/s. Louis Dreyfus Company India Pvt. Ltd. has reached a resolution through mutual consent, leading to the disposal of the petition in the Hon'ble High Court of Mumbai.The company outlined the specific details of the dispute and the current status in a report dated 13 April 2026.According to the details provided, the dispute involves the following parties and amounts:DefendantForumDispute Amount (in Rs)M/s. Louis Dreyfus Company India Pvt. Ltd.Hon.ble High Court, Mumbai1,44,00,000The update detailed that Shiva Texyarn Ltd had...

Skyline Millars Ltd Announces Board Meeting to Approve FY 2026 Financial Results Skyline Millars Ltd has scheduled a meeting of its Board of Directors to discuss and approve the company's financial performance. The meeting is set for Wednesday, April 22, 2026.The primary agenda for the Board of Directors meeting is to consider and approve the Audited Financial Results of the Company. These results pertain to the fourth quarter and the full year ended March 31, 2026. The board will also address any other matters that may arise.The notice regarding the Board Meeting was issued on April 13, 2026. Harshal Phatak, CFO, was identified as the signatory for the notice.Stock Price Movement Skyline Millars Ltd shares finished the day at...

National Oxygen Ltd Records Demise of Whole-Time Director Gajanand Saraf National Oxygen Ltd confirms the passing of its Whole-Time Director, Mr. Gajanand Saraf, who passed away on April 6, 2026.The company acknowledges that throughout Mr. Saraf’s tenure as Whole-Time Director, the organization significantly benefited from his vast experience, wisdom, and exemplary leadership. All directors and employees of National Oxygen Ltd extended their deep condolences to his family members.National Oxygen Ltd is a manufacturer of essential industrial gases, including Liquid & Gaseous Oxygen, Liquid & Gaseous Nitrogen, Liquid & Gaseous Nitrous Oxide, Liquid & Gaseous Medical Oxygen, and Dissolved Acetylene Gas.The company operates...

Alkem Laboratories Establishes Wholly Owned Subsidiary in UAE for International Expansion Alkem Laboratories Limited has announced the incorporation of a Wholly Owned Subsidiary (WOS) in Dubai, UAE. The new entity, named Alkem Pharma Trading FZCO, marks a strategic move to strengthen the company’s global reach in the pharmaceutical sector.Alkem Pharma Trading FZCO has been incorporated with the primary objective of exporting the company’s products to African, South East Asian, and non-UAE markets. This subsidiary falls under the Pharmaceuticals industry.The establishment details highlight the full ownership stake and initial capital structure of the new venture.Key details regarding the subsidiary include:ParticularsDetail...

Avonmore Capital Completes Acquisition of EGE Consultant, Establishes Wholly Owned Subsidiary Avonmore Capital & Management Services Ltd confirmed the successful completion of its acquisition of Excelling Geo & Engineering Consultant Private Limited.The Company announced that the acquisition was finalized on Monday, April 13, 2026. This marks the culmination of a transaction previously intimated by the firm on February 13, 2026, and April 10, 2026.Following the completion of the transaction, Excelling Geo & Engineering Consultant Private Limited became a wholly owned subsidiary of Avonmore Capital & Management Services Ltd, effective from Monday, April 13, 2026.The successful acquisition was completed upon the fulfillment of all...

Global Surfaces Ltd Reports 2.00% Inter-Se Transfer of Shares Within Promoter Group Global Surfaces Ltd, formerly known as Global Stones Private Limited, announced an inter-se transfer of equity shares among members of the Promoter Group. The transaction involved Vatsankit Shah acquiring a block of shares from M/s Vatsankit Shah Trust on March 20, 2026.The acquisition represents a transfer of 8,45,906 equity shares, amounting to 2.00% of the Company's paid-up equity share capital.This transaction is structured as an off-market transfer resulting from the dissolution of the Vatsankit Shah Trust and the distribution of trust assets to the sole beneficiary, Vatsankit Shah.Transaction Overview The key details of the share transfer are...

Systematix Corporate Services Ltd. Invests in Subsidiary via Rights Issue, Amounts to Rs. 35,00,07,200/- Systematix Corporate Services Limited has completed an investment in its Wholly Owned Subsidiary, M/s. Systematix Shares and Stocks (India) Limited (SSSIL), through a rights issue. The investment, structured for the working capital requirements of SSSL, was successfully executed by subscribing to 17,50,036 equity shares.The total value of the investment through the rights issue aggregates to Rs. 35,00,07,200/- (Rupees Thirty-Five Core Seven Thousand Two Hundred Only). Details of the subscription confirm that the shares, each having a face value of Rs. 10/-, were acquired at an issue price of Rs. 200/- per Equity Share, which...

Mankind Pharma Approves Closure and Winding-Up of Sri Lankan Subsidiary Mankind Pharma Limited has announced that its Board of Directors has approved the closure and winding-up of Mankind Pharma Lanka (Private) Limited. The company stated that this action was necessary because changed regulatory requirements render the anticipated business objectives of the wholly owned subsidiary unviable.The decision to cease operations pertains to Mankind Pharma Lanka (Private) Limited, a subsidiary incorporated in Sri Lanka.Mankind Pharma Limited confirmed that the subsidiary has maintained no business operations, and the company noted that the entity is not classified as a material subsidiary.MANKIND Stock Price Movement Shares of Mankind...

Goldiam International Launches New ORIGEM Store in Malad, Marking Expansion of Retail Footprint Goldiam International Ltd has inaugurated a new retail store specializing in lab-grown diamond jewellery under its brand name, ORIGEM. The new outlet is strategically located at GF 018, Infiniti Mall, CTS No. 1406A/3/9 out of Survey No.504, Link Road, Malad (West), Mumbai-400064, effective from April 13, 2026.The opening of this store marks the relocation of the company's retail presence, taking the place of the former Borivali store. According to the company, the Malad location was selected due to its strategic positioning, which promises better footfall and business potential for the jewellery brand.This expansion is consistent with...

Nayasa Homeware Partners with Unicommerce to Scale Online Operations New Delhi, April 13, 2026: Nayasa, a recognized name in the Indian homeware sector, has partnered with Unicommerce to enhance online shopping experiences for kitchen and household essentials across the country. This collaboration aims to make the process faster, smoother, and more reliable for consumers.The move is timed amid accelerating online demand for home and kitchen categories. As consumers increasingly purchase items like storage solutions, kitchenware, and everyday household necessities online, expectations regarding seamless returns, accurate inventory visibility, and rapid deliveries have intensified.Market Growth Fuels Digital Push According to...

Aqylon Nexus Ltd Board Approves FY26 Results and Plans UAE Expansion Aqylon Nexus Ltd, formerly known as Sri Adhikari Brothers Television Network Limited, announced several strategic corporate developments following its Board meeting on April 11, 2026. The Board approved the audited financial results for the quarter and the full financial year ended March 31, 2026. The company also detailed plans for establishing an international subsidiary in the United Arab Emirates (UAE) and noted changes in its governance structure.Financial Performance and Statutory Audit The Board of Directors approved the Audited Financial Results for the quarter and financial year ended March 31, 2026, along with the Statutory Auditor's Report.The...

BEML Secures USD 36.38 Million Export Order for Heavy Earth Moving Equipment BEML Limited, a Schedule 'A' Company under the Ministry of Defence, Government of India, has announced a significant export order, bolstering its international market presence. The company reported securing an export order of USD 36.38 million from the Middle East region.The order pertains to the supply of heavy Earth Moving Equipment, which will be utilized for various infrastructure development applications.According to the company, this export deal contributed to BEML's growing international portfolio. The total international order bookings for BEML as of the date stand at approximately USD 106.95 million.The company confirmed that the export order...

Ola Electric Launches S1 X+ 5.2 kWh Featuring 4680 Bharat Cells Ola Electric Mobility Limited announced the launch of its new S1 X+ 5.2 kWh electric scooter on April 13, 2026. This release marks a significant step in making high-performance electric vehicle (EV) technology accessible across India, utilizing the company's indigenously developed 4680 Bharat Cell technology.The S1 X+ 5.2 kWh is designed to bring advanced, long-range electric scooters to the mass market. This product milestone highlights Ola Electric's comprehensive vertical integration strategy, covering everything from cell development and battery pack engineering to vehicle manufacturing.According to the launch details, the S1 X+ 5.2 kWh is powered by the 4680 Bharat...

Care Edge Ratings Reaffirms Credit Rating for Dredging Corporation of India Limited Care Edge Ratings has reaffirmed the credit ratings for Dredging Corporation of India Limited (DCIL). The rating report, dated April 8, 2026, details the company's financial standing and operational strengths as it continues to modernize its assets and bolster its order book.Credit Ratings Snapshot The ratings provided to DCIL for its major facilities have been reaffirmed by the rating agency. The details are presented below:Facilities/InstrumentsAmount (₹ crore)RatingRating ActionLong Term Bank Facilities404.55 (Enhanced from 188.64)CARE BBB+; StableReaffirmedLong Term/ Short Term Bank Facilities225.00CARE BBB+; Stable/ CARE A3+Reaffirmed...

Alfa Transformers Ltd. Cancels Board Meeting Scheduled for April 15, 2026 Alfa Transformers Ltd. announced the cancellation of its Board of Directors meeting originally scheduled for April 15, 2026. The company informed stakeholders that the decision was taken due to unavoidable reasons.The cancellation notice was issued on April 13, 2026. The Board of Directors of Alfa Transformers Ltd. will not convene for the meeting that was planned for the middle of the month, citing circumstances beyond control.The company name, Alfa Transformers Ltd., is associated with the scrip code 517546.Stock Price Movement As of 14:42, Alfa Transformers Ltd is dropping sharply, currently trading at ₹46.00, marking a 2.75% decrease for the day. The...

Magellanic Cloud Limited Appoints Ravi Janarthanan as Additional Director Magellanic Cloud Limited announced the appointment of Mr. Ravi Janarthanan as an Additional Director (Non-Executive, Non-Independent) to the company’s Board of Directors. The Board of Directors approved the appointment during a meeting held on Saturday, April 11, 2026, with the appointment taking effect from the same date.Mr. Janarthanan’s addition strengthens the company's leadership structure. The company noted that Mr. Ravi Janarthanan is an accomplished entrepreneur and global investor with considerable experience spanning various critical sectors, including aerospace & defence, artificial intelligence, and energy. His background provides expertise in...

ESAF Small Finance Bank Allots 13,898 Equity Shares to Employees Under Stock Option Scheme ESAF Small Finance Bank Limited reported the allotment of equity shares to its eligible employees on April 13, 2026. The allotment was executed following the exercise of options vested under the ESAF Employee Stock Option Scheme 2019.The Nomination, Remuneration and Compensation Committee of the Bank’s Board of Directors formalized the allocation of shares during a meeting held on April 13, 2026. The committee approved the issuance of 13,898 equity shares, each having a face value of Rs. 10/-.This share allotment represents the utilization of vested options under the defined employee stock option scheme.The details regarding the share...

Exhicon Events Media Solutions to Hold Board Meeting for Main Board Listing Migration Exhicon Events Media Solutions Ltd announced that its Board of Directors is scheduled to convene a meeting on Monday, April 20, 2026. The meeting was scheduled in relation to the company's listing status and upcoming migration to the main exchange boards.The primary agenda item for the Board meeting is the proposal for the Migration of Listing and Trading of the company’s Equity Shares. This migration involves moving the shares from the BSE SME platform to the Main Board of Bombay Stock Exchange and subsequently to the Main Board of National Stock Exchange of India Limited.Additionally, the Board meeting is slated to discuss any other matter...