Markets

Ambuja Cements Approves Allotment of Equity Shares Under Scheme of Arrangement Ambuja Cements Limited announced that its Finance Committee, during a meeting held on April 10, 2026, approved the allotment of equity shares to eligible shareholders of Sanghi Industries Limited.The Board's Finance Committee meeting commenced at 04:00 p.m. and concluded at 04:45 p.m. During this meeting, the committee approved the allotment of 1,29,93,708 Equity Shares of the face value of Rs. 2/- each, fully paid up. These shares are to be allotted to eligible shareholders of Sanghi Industries Limited as per the share exchange ratio stipulated in the Scheme. The newly allotted shares are proposed for listing and trading on the BSE Limited and National...

RBI Issues Strict Operational Directives for Jalna Merchants Co-operative Bank Amid Liquidity Concerns Reserve Bank of India Imposes Major Operational Restrictions on Jalna Bank The Reserve Bank of India (RBI) has issued stringent directions to Motiram Agrawal Jalna Merchants Co-operative Bank Limited, Jalna. These directives were issued via a directive referenced as NGP.DOS.SED 2.No.S12/15-04-339/2026-2027, dated April 10, 2026.These measures are imposed under Section 35 A read with Section 56 of the Banking Regulation Act, 1949. The directives significantly restrict the bank's operational scope immediately.Critical Limitations on Lending and Transactions Effective from the close of business on April 10, 2026, the bank cannot...

Elitecon International Ltd Receives Show Cause Notice from DGGI Concerning GST Matters Elitecon International Ltd has received a show cause notice from the Directorate General of GST Intelligence (DGGI) Lucknow Zonal Unit regarding GST compliance. The notice was issued via email on April 07, 2026, covering provisions under Section 74 of The CGST Act, 2017, alongside sections from the UP GST Act, 2017, the IGST Act, 2017, and Section 11 of The Goods And Services Tax (Compensation To States) Act, 2017.The scrutiny relates to several aspects of GST provisions, including the valuation of goods under Section 15, eligibility and availment of input tax credit under Section 16 read with Rule 36, classification and description of goods in...

Pennar Industries Announces Board Meeting Outcomes Including Warrants Issue and Director Appointments Pennar Industries Limited conducted a Board of Directors meeting on Friday, April 10, 2026. During the meeting, several key business transactions were transacted, including a preferential issue of convertible equity warrants and the re-appointment of an Independent Director.The company approved the issuance of up to 30,00,000 convertible equity warrants to Pennar Holdings Private Limited, a promoter of the company. The total issue size aggregates to ₹ 50,40,00,000. Each warrant has a face value of ₹ 5 and was priced at ₹ 168, covering both the subscription and exercise price. This transaction is structured as a preferential issue on a...

Innovision Ltd Appoints Additional Director and Reconstitutes Key Board Committees Innovision Ltd announced the outcome of its Board of Directors meeting held on April 10, 2026. The board approved the appointment of Mr. Aditya Jha as an Additional Director (Non-Executive Independent) and also finalized the re-constitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, effective from the same date.Mr. Aditya Jha was appointed as an Additional Director (Non-Executive Independent) until the ensuing Annual General Meeting. The board also recommended his appointment as an Independent Director for approval by the members of the company at the upcoming Annual General Meeting.The...

Religare Enterprises Ltd to Hold Extra-Ordinary General Meeting on May 05, 2026 Religare Enterprises Ltd has scheduled an Extra-Ordinary General Meeting (EGM) for its members. The meeting is set to take place on Tuesday, May 05, 2026, commencing at 11:00 A.M.The meeting will be conducted through Video Conferencing or Other Audio Visual Means.The notice for the EGM will be distributed electronically to members with registered email addresses with the Company or the Company's Registrar and Share Transfer Agent. Furthermore, the EGM Notice will be accessible on the Company's official website, https://religare.com/, as well as the websites of the stock exchanges, the National Stock Exchange of India Limited at www.nseindia.com and BSE...

Modern Engineering And Projects Ltd Receives Work Order From Tata Steel Limited Modern Engineering And Projects Ltd has secured a Work Order from Tata Steel Limited for the construction of a Priority Bituminous Trunk Road earmarked for the NEELACHAL ISPAT NIGAM LIMITED expansion Project.The transaction details outline the scope of the awarded contract, which is an Item Rate Agreement. The estimated Contract Price under this Agreement is Rs. 600,000,000.00 (Rupees Sixty Crores Only). This estimated Contract Price is stated to be net of GST, with any and all other applicable taxes, duties, levies, or cess being included in the Contract Rates (Schedule of Item Rates).The contract is categorized as a Work Order awarded by a domestic...

Union Bank of India Reports Completion of Tenure for Part-time Non-Official Director Union Bank of India reports that Shri Suraj Srivastava, a Part-time Non-Official Director on the Board of the Bank, has completed his tenure.The conclusion of the directorship was related to the completion of one year of tenure on April 10 th, 2026. Consequently, Shri Suraj Srivastava ceased to be a Director of the Bank, effective from April 11 th, 2026.The following table summarizes the details of the change in directorship:DetailInformationDirector NameShri Suraj SrivastavaReason for ChangeCompletion of tenure of one year on April 10 th, 2026Date of Cessationw.e.f. April 11 th, 2026For reference regarding the bank's listing...

Khfm Hospitality And Facility Management Services Limited Confirms Non-Applicability of SEBI Circular for FY 2026-27 Khfm Hospitality And Facility Management Services Limited confirmed that it does not fall under the definition of a 'Large Corporate' as specified by the SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, for the Financial Year 2026-27.The circular mandates that listed entities classified as 'Large Corporates' must file an Initial Disclosure within 30 days from the start of the financial year. The framework outlined in the circular applies to listed entities (excluding Scheduled Commercial Banks) that meet three specified criteria as on the last day of the preceding financial year.The...

Laxmi Dental Limited Receives In-Principle Approval for Employee Stock Options Listing Laxmi Dental Limited, formerly known as Laxmi Dental Export Private Limited, has secured in-principle approval from the BSE for the listing of equity shares issued under the Laxmi Dental Employee Stock Option Scheme 2024.The approval grants listing for 500,000 Equity Shares, each having a face value of Rs. 2/-. This approval was issued by the BSE via letter DCS/ESOP/IP/TS/017/2026-27 dated April 10, 2026.Key Details of the Stock Option Listing The in-principle approval is for the issue and allotment of a maximum of 5,00,000 equity shares, which are expected to arise from the exercise of options under the Scheme.DetailSpecification...

TVS Holdings Limited Corrects Date for NCLT Convened Shareholder Meeting TVS Holdings Limited has issued a clarification regarding the date of the meeting of Equity Shareholders, which was convened under the directions of the National Company Law Tribunal (NCLT), Chennai Bench.The company noted that in a covering letter dated March 23, 2026, the meeting date was mistakenly stated as Friday, April 28, 2026. The correct date for the meeting is Friday, April 24, 2026.TVS Holdings Limited confirmed that all other related documents accurately reflected the correct meeting date of April 24, 2026. This confirmation applies to the following items:The Notice of the meeting enclosed as an annexure to the letter dated March 23, 2026. The...

Carborundum Universal Enters Power Purchase Agreement with Putrim Renewables for Green Energy Adoption Carborundum Universal Limited has entered into a Power Purchase Agreement (PPA) as part of its Environmental, Social, and Governance (ESG) strategy aimed at increasing the consumption of green power for its operations. The agreement is with Putrim Renewables Private Limited (PRPL), a Mumbai-based subsidiary of CSE Development (India) Private Limited, also known as Cleantech.The PPA secures a contracted capacity of 18 MWp from PRPL's captive solar power plant located in Thoothukudi, Tamilnadu.In addition to the PPA, Carborundum Universal Limited will execute a Share Subscription and Shareholders' Agreement with Cleantech and PRPL...

Container Corporation of India Appoints Ms. Pallavi Joshi as Director (Finance) Container Corporation of India Limited (CONCOR), a Multi-modal Logistics Company and a Navratna CPSE of the Government of India, confirmed the appointment of Ms. Pallavi Joshi as Director (Finance) (Additional Charge). The appointment was made by the Board of Directors during a meeting held on April 10, 2026.The company noted that following orders from the Ministry of Railways, Ms. Pallavi Joshi (DIN: 08117196) was appointed to the role, with effect from April 9, 2026.Ms. Pallavi Joshi, a 2004 batch officer of the Indian Railway Accounts Service (IRAS), brings over two decades of experience in financial management within the Indian Railways...

Pennar Industries Reports Resignation of Non-Executive Non-Independent Director Mr. P V Rao has tendered his resignation as a Non-Executive Non-Independent Director of Pennar Industries Limited, effective from April 11, 2026.The resignation notice confirms that Mr. P V Rao, whose Director Identification Number (DIN) is 03157581, stepped down from the Board of Directors with effect from April 11, 2026. The stated reason for the change in directorship is unavoidable personal situations, with no other material reasons cited beyond those mentioned in the resignation letter.The details of the change are summarized as follows:ParticularsDetailsReason for ChangeMr. P V Rao tendered his resignation as Non-Executive Non-Independent...

PC Jeweller Reports Further Reduction in Bank Debt Under Joint Settlement Agreement PC Jeweller Limited has reported a further reduction in its outstanding debt payable to banks, achieved through the settlement agreement with Consortium Lenders. The company announced the reduction of approximately 14% of the outstanding debt on April 10, 2026.This recent reduction marks significant progress towards the company's financial objective of achieving a debt-free status in the near future.The company accomplished this debt reduction by utilizing the balance consideration received from the conversion of Fully Convertible Warrants. This process involved both the Promoter Group and Non-Promoter Public entities contributing to the settlement...

Mahanagar Gas Names Praveer Kumar Srivastava as Additional Director and Managing Director Mahanagar Gas Limited announced changes to its directorate on April 10, 2026. The Board of Directors approved the appointment of Mr. Praveer Kumar Srivastava as an Additional Director and designated Managing Director of the Company.The appointment is effective from April 30, 2026, and is set for a term of five consecutive years, spanning from April 30, 2026, to April 29, 2031. This term remains subject to the approval of the Company's shareholders or an earlier order from GAIL (India) Limited. Mr. Srivastava will also serve as a member of various Board committees from the effective date.In a related change, Mr. Ashu Shinghal ceased to be the...

Syrma SGS Technology Reports Name Change for Joint Venture Company Syrma SGS Technology Limited announced an update regarding its joint venture arrangement involving Syrma Strategic Electronics Private Limited and SH Electronic Co. Limited. The company reported that the Ministry of Corporate Affairs has approved and issued a fresh Certificate of Incorporation for a name change.The joint venture company's name is changing from 'Syrma Strategic Electronics Private Limited' to 'Shinhyup Syrma Circuits Private Limited', effective April 10, 2026. This development follows an earlier disclosure from the company on December 30, 2025, concerning the completion of the joint venture transaction and the allotment of shares to the JV Partners...

Kirloskar Ferrous Industries Issues Notice Regarding Unclaimed Dividend Campaign Kirloskar Ferrous Industries Limited issued a notice to its shareholders concerning the second 100 days 'Saksham Niveshak' campaign, organized by the Investor Education and Protection Fund (IEPF) Authority. The campaign is effective from April 1, 2026, to July 9, 2026.The notice emphasizes the importance of updating Know Your Customer (KYC) details for shareholders whose dividends remain unclaimed. This action is necessary to ensure the timely receipt of dividends declared by the Company directly to bank accounts and to prevent the transfer of such dividends and shares to the IEPF.Shareholders are advised to update KYC details, which include PAN, Email...

3i Infotech's Subsidiary Secures Order for Lending and Collections Application Center 3i Infotech Inc., USA, a wholly owned step-down subsidiary of 3i Infotech Limited, received an order on April 9, 2026. The contract is for the establishment of an Enterprise Application Center of Excellence (CoE) focusing on Lending and Collections platforms.The engagement responsibilities encompass end-to-end application management across lending and collections platforms. This work requires close collaboration with business and technology stakeholders, aiming to enhance operational efficiency, scalability, and alignment with the client's evolving digital and business requirements.The awarded contract has a duration of 9 months. The total value of...

Lupin Launches Dapagliflozin Tablets in the United States Global pharmaceutical major Lupin Limited announced the launch of Dapagliflozin Tablets, available in 5 mg and 10 mg strengths, in the United States. This launch follows the approval of the company's Abbreviated New Drug Application from the U.S. FDA. The approval established that the tablets are bioequivalent to Farxiga® for the indications listed in the approved labeling.Lupin Limited, headquartered in Mumbai, India, specializes in a range of pharmaceutical products. These include branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients. The company maintains a presence in over 100 markets globally.Lupin's strong...