Markets

GST Penalty Dropped for Subsidiary of Zydus Lifesciences Ltd Zydus Lifesciences Ltd reports that German Remedies Pharmaceuticals Private Limited (GRPPL), a wholly owned subsidiary of Zydus Healthcare Limited and a subsidiary of the company, has successfully had a penalty order dropped following an appeal. The penalty related to the alleged excess availment of Input Tax Credit for the financial year 2018-19.The company initially informed stakeholders that GRPPL had received a Demand Order-In-Original pertaining to a penalty of Rs. 1.66 million for the financial year 2018-19.GRPPL subsequently filed an appeal against this order before the Office of the Commissioner, Central GST, Appeal Ahmedabad Commissionerate.The company confirmed...

Artson Ltd. Reports Enhancement in Order Value from Sadhav Offshore Engineering Artson Ltd. has announced an enhancement to a contract awarded by M/s Sadhav Offshore Engineering Pvt. Ltd. The company stated that it received an amendment to a Letter of Intent/Award, significantly revising the total value of the order.The initial disclosure, made on January 30, 2025, concerned a Letter of Intent/Award from M/s Sadhav Offshore Engineering Pvt. Ltd. The original value of this award was Rs. 61.54 Cr., including taxes.Artson Ltd. confirmed today, April 15, 2026, that the awarded order has been amended, resulting in a revised total order value of Rs. 72.05 Cr. This represents an enhancement of Rs. 10.50 Cr., also including taxes.The...

GHV Infra Projects Secures Rs. 815 Crore Construction Contract for Civil Works in Maharashtra GHV Infra Projects Ltd has entered into a significant Construction Contract with APCO Infratech Private Limited for undertaking road construction work and various miscellaneous civil works within the state of Maharashtra. The agreement formalizes the company's participation in major infrastructure development projects.The construction contract awarded by APCO Infratech Private Limited specifies the execution of comprehensive civil works. This partnership underscores the company's capacity to handle large-scale infrastructure development projects in the region.According to the details of the contract, the total consideration is Rs. 815...

Vishnu Chemicals Ltd Announces Temporary Shutdown of Visakhapatnam Plant for Routine Maintenance Vishnu Chemicals Ltd has announced that its Parwada plant located in Visakhapatnam, Andhra Pradesh, will undergo a temporary shutdown for routine maintenance activities.The shutdown is scheduled to commence on April 15, 2026. The company anticipates that the maintenance work will continue for an approximate period of three weeks.Vishnu Chemicals stated that the temporary closure is part of ongoing efforts aimed at ensuring optimal plant performance and improving overall operational efficiency at the facility.The company confirmed that it will keep the stock exchanges informed once the plant resumes its normal operations.VISHNU Stock...

IKS Health Launches MyCareHub Agentic AI Platform for Personalized Patient Engagement IKS Health, a global leader in care enablement solutions, has unveiled MyCareHub, an agentic AI self-orchestrating platform designed to revolutionize patient engagement throughout the entire healthcare journey. The launch was featured at the annual conference of the American Medical Group Association (AMGA) on April 15, 2026.MyCareHub is a novel care model integrated with Epic and available in the Epic Connection Hub. The platform utilizes an active, aware, and constant multi-agent behavioral algorithm to create a patient engagement operating system that is adaptive, autonomous, and centered on the patient."MyCareHub is not the patient engagement...

Bank of Maharashtra Board Meeting Scheduled for April 2026 to Consider FY 2025-26 Results, Dividend, and Capital Proposal Bank of Maharashtra has scheduled its Board of Directors meeting for Monday, April 20, 2026. The meeting aims to address crucial financial and strategic matters, including the consideration of the bank's audited results for the year ended March 31, 2026.The board agenda includes key financial considerations for the quarter and year ending March 31, 2026.The primary items for consideration and approval at the meeting are detailed below:Agenda ItemScopePeriod EndedAudited Financial ResultsConsideration and Approval of Standalone & Consolidated Financial results.March 31, 2026Final DividendConsideration of...

GTPL Hathway Reports Resilient Financial Results for FY26, Highlights Growth in Broadband Services Ahmedabad, April 15, 2026: GTPL Hathway Limited, India's largest Digital Cable TV Service Provider and a leading Broadband Service provider, today announced its Financial Results for the Quarter and Financial Year ended March 31, 2026.The company reported strong overall performance, with consolidated figures showing growth across both its Cable TV and Broadband segments.Key Financial Performance Highlights (FY26) The following tables summarize the key consolidated business and financial highlights for the financial year ending March 31, 2026.MetricFY26 Annual GrowthGrowth in Total Revenue₹ 2,394 MnGrowth in Broadband Revenue₹...

NESCO Ltd Assures Compliance and Cooperation Following On-Premises Incident NESCO Ltd issued a statement regarding a recent incident at its premises, expressing condolences to the families of those who lost their lives and hoping for the recovery of the individual currently undergoing treatment.The company emphasized that the safety and well-being of all visitors remain a paramount concern. NESCO stated that it is extending its full cooperation to the investigating authorities, providing all necessary assistance to support a comprehensive and timely inquiry.The company affirmed its commitment to adhering to legal protocols, noting that it has at all times complied with applicable laws, regulatory requirements, and prescribed...

RailTel Corporation Secures Major Order for Minor Minerals Monitoring IT Solution RailTel Corporation of India Ltd. has announced the receipt of a Letter of Intent (LoI) from the Divisional Commissioner, Konkan Division, securing a significant contract for developing and maintaining integrated IT solutions.The agreement concerns the selection of a System Integrator for the Development and Maintenance of an Integrated IT solution aimed at monitoring minor minerals. This domestic contract was finalized on April 15, 2026, with the order receipt registered at 17:13 IST.The financial scope of the agreement, as detailed in the LoI, specifies an estimated size of order amounting to Rs. 1,00,00,00,000/- (Excluding Tax). This contract is...

India Glycols Limited Receives Tax Order from Gujarat Authority India Glycols Limited has reported details regarding an order passed by the Deputy Commissioner of State Tax, Appeal-4, (Mehsana) Gujarat, pertaining to a tax appeal filed by the company. The order, dated April 15, 2026, addresses a previous penalty levied by the State Tax Officer (Mobile Squad, Amirgadh) via an Impugned Order dated November 25, 2024.The Appellate Authority’s order on April 15, 2026, significantly modified the previous assessment. The Authority set aside the entire penalty amount of Rs. 7,20,570 (IGST). However, the Deputy Commissioner of State Tax, Appeal-4, imposed a new penalty of Rs. 10,000 (IGST). This penalty was attributed to a clerical mistake...

Reliance Industrial Infrastructure Limited Announces FY2026 Results, Recommends Dividend of ₹3.50 Per Share Reliance Industrial Infrastructure Limited announced the approval of its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors recommended a dividend of ₹ 3.50 per Equity Share of ₹ 10/- each for the financial year.The Company's Board of Directors held a meeting on April 15, 2026, where they approved the Audited Financial Statements (Consolidated and Standalone) for the financial year ended March 31, 2026, and the corresponding Audited Financial Results for the quarter and year ended March 31, 2026.Dividend Recommendation The Board of Directors recommended a dividend of ₹ 3.50 per...

Samvardhana Motherson International Limited Reports Merger of Subsidiaries to Streamline Corporate Structure Samvardhana Motherson International Limited has announced the merger of two of its subsidiaries, resulting in a simplified corporate structure aimed at increasing operating efficiency. Samvardhana Motherson Innovative Autosystems B.V. & Co. KG, known as SMIA, has merged into SMIA Technology Germany GmbH, referred to as SMIA Technology. Both entities are indirect wholly owned subsidiaries of Samvardhana Motherson International Limited.The merger was officially registered at the Commercial Register on April 2, 2026. Following this registration, SMIA ceased to exist effective March 31, 2026.The merger involves the integration of...

Reliance Industrial Infrastructure Reports Audited Financial Results for Q4 FY26 Reliance Industrial Infrastructure Limited today announced its audited financial results for the quarter and year ended March 31, 2026. The company provided detailed figures for both consolidated and standalone financial performance, noting year-over-year changes in key metrics.Financial Highlights The company's financial performance for the quarter was marked by specific shifts in total income across both consolidated and standalone entities.According to the media release, the total income declined to ₹1,372 lakh for the quarter ended March 31, 2026, compared to ₹1,894 lakh for the same period in the previous year. This decrease was attributed to the...

Tejas Networks Announces Q4 FY26 Results, Reports Indian Expansion and International Orders Bengaluru, April 15, 2026: Tejas Networks Limited, a designer, developer, manufacturer, and seller of high-performance telecom and networking products, today reported its financial results for the fourth quarter and full year ended March 31, 2026.Tejas Networks, which builds high-speed communication networks, announced key financial figures for the period. The company reported the following performance metrics:Financial Metric04-FY26 (Rs. Cr)Q4-FY25 (Rs. Cr)FY26 (Rs. Cr)FY25 (Rs. Cr)Net Revenue3331,9071,1038,923PBT(281)(45)(1,354)698PAT(211)(72)(909)447Arnob Roy, Chief Operating Officer (COO) of Tejas Networks, highlighted the...

Samvardhana Motherson Subsidiary Motherson SAS Imposed Penalty by California Tax Board Samvardhana Motherson International Limited reported that its indirect wholly owned subsidiary, Motherson SAS Automotive Services USA Inc. (Motherson SAS), was subjected to a penalty by the State of California Franchise Tax Board (SCFTB).The penalty arises from the review of the Income and Tax computation return filed for the year ended March 31, 2025. The SCFTB determined that the penalty was due to the classification of sales and/or vendor details. Specifically, the authority noted that certain sales were categorized as foreign, which consequently impacted the calculation of eligible tax for Motherson SAS.The directive or order regarding the...

Radiant Cash Management Services Reports Irregularities at Subsidiary Following Fraud Investigation Radiant Cash Management Services Limited has reported an incident involving unauthorized and fraudulent activities within its subsidiary, Aceware Fintech Services Private Limited (RadiantAcemoney). The irregularities were discovered during routine operational monitoring and relate to the misuse of system access credentials used for facilitating Domestic Money Transfer (DMT) transactions.The investigation confirmed that the fraud was carried out by a former employee in collusion with certain external parties. These unauthorized activities involved increasing the dashboard balances of Business Correspondent (BC) Agents and conducting...

Suraj Estate Developers Acquires Land in Dadar, Eyes ₹100 Crore GDV Project in South Central Mumbai Mumbai, April 15, 2026: Suraj Estate Developers Limited, a prominent real estate developer operating in South Central Mumbai, has announced the acquisition of land in Dadar (West). The acquired plot, located at G/North ward, Dadar (West), presents a development opportunity with an estimated Gross Development Value (GDV) of approximately ₹100 crores.The acquisition involved an initial cost of ₹8.53 crore for a plot measuring 2,200 sq ft. Based on the calculation of the acquisition cost, plus the stamp duty market value of the area to be handed over to the land owners, plus the stamp duty cost, the total acquisition cost amounted to...

Quadrant Future Tek Secures Contract from Patiala Locomotive Works for KAVACH Loco Equipment Quadrant Future Tek Ltd has announced the successful receipt of a Letter of Acceptance for a significant contract from Patiala Locomotive Works (PLW). The agreement covers the supply, installation, testing, and commissioning of Onboard KAVACH Loco Equipment Ver- 4.0, including a warranty.The contract, secured on April 15, 2026, holds a value of Rs. 20,19,27,500/- (Rupees Twenty Crores Nineteen Lakhs Twenty-Seven Thousand Five Hundred Only), including taxes.The order is classified as a domestic contract and pertains to the technical offer for the supply, installation, testing, and commissioning of the advanced KAVACH Loco Equipment. The...

Lotus Chocolate Company Ltd Announces Audited Financial Results for March 31, 2026 Lotus Chocolate Company Ltd has announced the approval of its Audited Financial Statements and corresponding Audited Financial Results for the quarter and full financial year ended March 31, 2026. The company stated that the Board of Directors approved the results, following recommendations from the Audit Committee.The company's financial performance details for the fiscal year ended March 31, 2026, are available through the audited results, which were reviewed by Deloitte Haskins & Sells LLP, who issued an auditor's report with an unmodified opinion.Financial Performance Snapshot (In Lakh) The financial results for the year ending March 31, 2026...

Sagility Ltd Receives Income Tax Assessment Order for AY 2023-24 Sagility Ltd, formerly Sagility India Limited and earlier Sagility India Private Limited, has received its final income tax assessment order for the Assessment Year 2023-24, corresponding to the financial year 2022-23. The order was received from the Assessment Unit, Income Tax Department, on April 14, 2026, at 19:45 IST.The assessment process involved the Income Tax Authority making transfer pricing adjustments to the returned income of AY 2023-24, totaling Rs. 189,50,16,208. This action resulted in an income tax demand of Rs. 100,00,36,187, which includes interest.The details of the tax assessment are summarized below:DetailDescriptionAuthorityAssessment Unit...