Markets

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...

Godrej Agrovet Announces Key Leadership Transition with Mr. Nadir Godrej Retirement and Mr. Burjis Godrej Appointment Godrej Agrovet Limited confirmed significant changes to its board leadership following its Board of Directors meeting held on April 13, 2026. During the meeting, the Nomination and Remuneration Committee and the Board approved the retirement of Mr. Nadir Godrej and the subsequent appointment of Mr. Burjis N. Godrej to key directorial roles.Mr. Nadir Godrej took note of his willingness to step down from the company. His retirement as the Chairman and Non-Executive Director of Godrej Agrovet Limited is scheduled to take effect from the close of business hours on August 13, 2026. The Board expressed its appreciation for...

Santosh Fine Fab Ltd Appoints Ms. Radha Sharma as New Company Secretary and Compliance Officer Santosh Fine Fab Ltd announced the appointment of Ms. Radha shushil kumar Sharma as its new Company Secretary and Compliance Officer, effective April 13, 2026.The appointment marks a transition following the resignation of the company's previous Company Secretary, Ms. Niti Jain, which took place on March 18, 2026.Ms. Radha S Sharma, who holds Membership No. A46047, brings a background as an Associate Member of the Institute of Company Secretaries of India. She is also a B.Com degree holder and possesses good experience in corporate and allied laws.Key details regarding the change in personnel are summarized below:ParticularsDetails...

Quicktouch Technologies Appoints New CFO, Additional Director Amid Executive Changes Quicktouch Technologies Limited announced significant changes in its leadership and directorial structure following a Board Meeting held on April 13, 2026. The Board approved the appointment of two key personnel and accepted a resignation, while also taking note of other previously disclosed retirements from the Board.The Board meeting, held on Monday, April 13, 2026, saw the company formally onboard Mr. Gaurav Jindal as Chief Financial Officer (CFO) and Mr. Pawan Kumar Agarwal as an Additional Director (Non-Executive). Mrs. Madhu also tendered her resignation as a Non-Executive Director, which the Board accepted, effective the same date.Key...

Vardhman Special Steels Appoints Dinesh Singh as Vice-President Technical Vardhman Special Steels Ltd. has announced the appointment of Mr. Dinesh Singh to a senior management role within the company. The board of directors approved the appointment through a resolution by circulation dated 13 April, 2026.Mr. Dinesh Singh has been designated as the Vice-President Technical (Forging & New Product Development), with the appointment effective from 14 April, 2026.The appointment follows a recommendation from the Nomination and Remuneration Committee, solidifying Mr. Singh's role as a key member of the company's leadership team.Profile of Senior Management Personnel The company confirmed that Mr. Dinesh Singh will assume the position of...

SEBI Clarifies Mandates: Noticees Directed to Pay Jointly and Severally Following Setco Automotive Corrigendum SEBI Issues Corrigendum Order in Setco Automotive Matter The Securities and Exchange Board of India (SEBI) has issued a Corrigendum order regarding its previous directions concerning Setco Automotive Limited. The correction addresses typographical errors found in the original order, which was dated February 05, 2026. This corrective issuance clarifies the payment obligations of Noticee No. 3 and Noticee No. 4.The Corrigendum, dated April 13, 2026, was released following representations submitted by Setco Automotive Limited (Noticee No. 1) and Setco Auto Systems Private Limited (Noticee No. 2). These representatives sought...

NCLT Sanctions Scheme of Arrangement and Amalgamation of Kirti Investments with Kedia Construction The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned a Scheme of Arrangement and Amalgamation involving Kirti Investments Limited (KIL) and Kedia Construction Company Limited (KCCL). The Scheme outlines the merger of KIL (the Transferor Company) into KCCL (the Transferee Company), alongside a major restructuring of KCCL's share capital.The order, pronounced on April 6, 2026, confirms the approval of the merger under Sections 230 to 232 read with Section 66 of the Companies Act, 2013.Details of the Merger and Capital Restructuring The Scheme of Arrangement and Amalgamation involves Kirti Investments Limited, which is...

RITES Limited Reports Cessation of Independent Director Tenure Effective April 15, 2026 RITES Limited announced that Independent Director Shri Likha Togu’s tenure on the company's Board of Directors will conclude on April 14, 2026. Consequently, his role as an Independent Director will cease with effect from April 15, 2026.Previously, Shri Likha Togu was appointed as an Independent Director on April 17, 2025, following approval from the Board of Directors, and his subsequent appointment was also approved by the shareholders of the company during the 51st Annual General Meeting held on September 23, 2025.The company provided details regarding the cessation of his tenure, noting that his service as an Independent Director was...

Leadership Overhaul: Astec LifeSciences Limited Announces Key Director Changes Astec LifeSciences Limited announced significant leadership changes following its Board of Directors meeting held on April 13, 2026. The meeting saw the retirement of the Chairperson and the appointment of multiple key directors, reshaping the company's board structure.The board meeting detailed several transitions, beginning with the retirement of Mr. Nadir Godrej from his roles as Chairperson and Director, effective from the close of business hours on April 13, 2026. The Board placed on record its appreciation for Mr. Godrej's leadership during his tenure.Key Director Appointments and Changes The Board approved four major changes concerning director...

NCLT Orders Commencement of Liquidation Process for Infotech HAL Limited Cyient Ltd has confirmed that the National Company Law Tribunal (NCLT), Bengaluru Bench, has admitted an application and subsequently ordered the commencement of the liquidation process for Infotech HAL Limited, the joint venture company of Cyient and HAL. The NCLT proceedings led to the appointment of Mr. Vasudevan Gopu as the official Liquidator.The NCLT order, delivered on 3 March 2026, formalized the winding down process for Infotech HAL Limited.Background to Liquidation The decision to pursue liquidation stemmed from the operational status of the joint venture. Details provided indicated that the joint venture entity had been non-operational for the past...

PNB Housing Finance to Consider Dividend Recommendation for FY 2025-26 at Board Meeting PNB Housing Finance Ltd announced that it plans to place a proposal before its Board of Directors regarding the recommendation of a dividend for the Financial Year 2025-26. The consideration will take place during the Board meeting scheduled for Monday, April 20, 2026.The Company stated that at the meeting, the Board will consider and approve the audited financial results (Standalone and Consolidated) for the quarter and the full financial year ended March 31, 2026. Alongside the financial results, a proposal is being placed to consider the recommendation of a dividend for the Financial Year 2025-26.Should the Board of Directors approve the...

Housing Development and Infrastructure Ltd. Adjourns Directors’ Meeting Housing Development and Infrastructure Ltd. has informed stakeholders that the meeting of the Directors, originally scheduled for April 13, 2026, has been adjourned. The company stated that the revised date for the meeting will be communicated in due course.The adjournment follows the company’s ongoing corporate activities. Housing Development and Infrastructure Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code, 2016.Under the proceedings, the powers of the Board of Directors and the responsibility for managing the Company’s affairs have been vested in Mr. Abhay Narayan...

ICICI Bank Board to Evaluate Debt Issuance and Securities Buyback at April 18 Meeting ICICI Bank Limited announced that its Board of Directors, during a meeting scheduled for April 18, 2026, will consider several significant corporate actions related to capital structure and fund generation.The primary focus of the Board meeting will include provisions for fund raising. Specifically, the Bank plans to evaluate the issuance of debt securities, including non-convertible debentures, in the domestic market through private placement.In addition to domestic fundraising, the Board will also consider the issuance of bonds, notes, or offshore certificates of deposits in overseas markets.The agenda further includes considering the buyback...