Markets

SEBI Strikes Blow: ₹5.21 Lakh Demand Issued Against Makwana Bharat HUF Over Illiquid Stock Options Dealing The Securities and Exchange Board of India (SEBI) has issued a stringent Notice of Demand, signaling increased regulatory vigilance over specific dealing practices in the financial markets. The notice, dated April 29, 2026, directs Makwana Bharat S. HUF to clear substantial dues related to its handling of illiquid stock options on the BSE.The action underscores SEBI's robust commitment to maintaining transparency and stability within the securities market. The demand notice mandates the payment of ₹5,21,000/- within a strict 15-day window.The Core Demand: Understanding SEBI’s ₹5.21 Lakh Recovery Order The total amount demanded...

Sula Vineyards Ltd Announces Board Meeting to Review FY26 Financial Results Sula Vineyards Ltd has announced that its Board of Directors meeting is scheduled for Wednesday, May 6, 2026. During this session, the Board will consider, approve, and take on record the Annual Audited Standalone and Consolidated Financial Results of the Company.The financial results set for review cover the quarter and financial year ending March 31, 2026. The meeting will also involve the review of the reports provided by the Company's Statutory Auditor.Furthermore, the Company provided an update regarding its trading window restrictions. In continuation of previous measures, the trading window for all Directors, Officers, Key Managerial Personnel, and...

E2E Networks Secures USD 7.7 Million Agreement with US AI Service Provider E2E Networks Limited has announced that it has executed a significant agreement with a USA based AI service provider. The collaboration involves the provision of specialized GPU cloud computing services, along with other allied services.The agreement, which was executed on April 29, 2026, secures a total committed value of USD 7.7 Million for a period of six months.The US based AI service provider specializes in large-scale model training, and the agreement covers the provision of GPU cloud computing services along with other allied services.The key terms and conditions of the contract are summarized below:ParticularsDetailsName of the entity...

Yuken India Limited Appoints Mr. Rakesh Kumar A as Chief Executive Officer Yuken India Limited, a manufacturer of oil hydraulic equipment collaborating with Yuken Kogyo Co. Ltd., Japan, has announced the appointment of Mr. Rakesh Kumar A as its new Chief Executive Officer (CEO). The appointment, which is effective from April 29, 2026, was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.Mr. Rakesh Kumar A brings over 32 years of comprehensive experience to the role. A Mechanical Engineer by training, he has a long history with the company, having joined Yuken India Limited on January 1, 1993, as a Trainee Engineer.Throughout his tenure, Mr. A has played a critical role in...

ixigo Launches Native Travel Apps on ChatGPT, Bringing Conversational Planning Across Flights, Trains, Buses, and Hotels Gurugram, April 29, 2026: ixigo, India's leading AI-based travel platform, announced the launch of native apps for its three key platforms—ixigo flight & hotel, AbhiBus, and ConfirmTkt—within ChatGPT. This integration facilitates end-to-end travel planning directly through the conversational AI interface.Through this powerful integration, users can now search, compare, and book travel options for flights, buses, trains, and hotels in real time within ChatGPT. The process allows users to proceed seamlessly to booking using simple conversational prompts via the respective ixigo Group apps. ixigo has also introduced...

Galada Power & Telecommunication Ltd. Board Meeting Scheduled to Approve FY 2026 Results Galada Power & Telecommunication Ltd. has scheduled a Board Meeting to consider and approve the Audited Financial Results for the financial year ended March 31, 2026.The company announced on April 29, 2026, that the Board of Directors meeting is set to take place on May 9, 2026.The purpose of the convened meeting is specifically to review and grant approval for the audited financial performance of the company for the year ended March 31, 2026.Stock Price Movement Galada Power & Telecommunication Ltd shares settled at ₹6.38 on Monday, closing up 1.92% for the day. The stock remained locked at this price point, trading completely flat throughout...

Enviro Infra Engineers Acquires Wind EPC Company Suyog Urja Limited to Boost Renewable Platform Enviro Infra Engineers Limited, a major player in the water and wastewater treatment sector, has announced a strategic acquisition of Suyog Urja Limited, a wind energy EPC company. The move, executed through the wholly owned subsidiary, EIE Renewables Private Limited, aims to create a diversified and integrated renewable energy platform for the group.The strategic acquisition is designed to complement Enviro's existing expertise in water and wastewater infrastructure by expanding its capabilities across solar, wind, and Battery Energy Storage Systems (BESS) segments.Transaction Details and Financing The deal is valued at ₹311 Cr and will...

Retaggio Industries Ltd Allots 3.3 Lakh Equity Shares After Convertible Warrant Conversion Retaggio Industries Ltd announced the allotment of a sixth tranche of 3,30,000 Equity Shares of Rs. 10 each on April 29, 2026. The allotment was executed upon the conversion of 3,30,000 convertible warrants into Equity Shares on a Preferential Basis.The convertible warrants were converted in accordance with a Special Resolution passed by the shareholders on December 11, 2025.The allotment details show that Retaggio Trading Services LLP was the sole allottee of the 3,30,000 shares. The total consideration received for the allotment was Rs. 64,35,000/-.The conversion process involved the allottee paying the balance 75% of the consideration for...

Shreeji Shipping Global Acquires Two Mini Bulk Carriers, Augmenting Coastal Fleet Capacity Shreeji Shipping Global Ltd has completed the strategic acquisition of two Mini Bulk Carrier vessels, marking a significant expansion of its owned tonnage and operational capacity in the coastal shipping corridor.The company executed the Vessel Purchase Agreements on April 28, 2026. The acquired vessels are M.V. Gautam BSTAR II (IMO No. 9823948) and M.V. Sanghi Sudarshan (IMO No. 9823936). Both vessels are Indian Coastal Vessel (ICV) classed with the Indian Register of Shipping (IRS).The acquisition was made from Gautam Freight Private Limited. The transaction represents an aggregate consideration of ₹ 55,66,05,000/-, which includes GST...

Esconet Technologies Elevated to 'Elite' Partner Status in NVIDIA Partner Network Esconet Technologies Limited announced an upgrade to its partnership standing with NVIDIA Corporation. The company has been designated the 'Elite' level under the Compute competency within the NVIDIA Partner Network (NPN) Solution Provider Partner Program.The update follows a previous partnership status established on October 22, 2024, when Esconet Technologies Limited was recognized as a 'Preferred Level Partner' under the NPN Program. The elevation to 'Elite' was communicated by NVIDIA Corporation via an official notice dated April 15, 2026.The 'Elite' designation marks the highest tier of partnership within the Solution Provider category for the...

Datamatics Expands Global Partnership with American Insurtech Firm to Drive AI-Led Operations Transformation Datamatics Global Services Limited, a global Digital Technologies, Operations, and Experiences company, has announced a significant expansion of its engagement with a leading American InsurTech firm specializing in small business insurance. Previously delivering customer engagement services, Datamatics will now service mission-critical operations, including Claims, Collections, and Underwriting.The expansion addresses the need for a scalable, technology-led partner as the insurer accelerates its growth in the U.S. market. This partner must be capable of managing high-volume, multi-channel interactions across both voice and...

Latent View Analytics Postpones Board Meeting for FY26 Financial Results Latent View Analytics Limited has announced the postponement of its Board of Directors meeting, which was scheduled to consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.The meeting, originally planned for Monday, May 04, 2026, has been postponed. The company stated that the revised date for the Board Meeting will be communicated in due course.In conjunction with this update, the company also provided details regarding the trading window for its equity shares. The closure of the trading window for Designated Persons and their immediate relatives, which began on Wednesday, April...

Ideaforge Confirms Non-Binding MoU with DMP for AI Drone Development in Japan Ideaforge Technology Ltd confirmed that its recent focus on developing AI drones and entering the Japanese market is rooted in a non-binding Memorandum of Understanding (MoU) with Japan-based Digital Media Professionals Inc. (DMP). The collaboration aims to explore integrating DMP's edge AI system-on-chip (SoC) technology into the company's unmanned aerial vehicle (UAV) platforms to boost autonomous capabilities for defense and industrial applications.The company stated that the MoU is preliminary and establishes a framework for joint product development and market entry specifically within Japan.Nature of the Collaboration According to the company, the...

Cash Ur Drive Marketing Secures Purchase Order for Multi-City Advertising Campaign Cash Ur Drive Marketing Limited has secured a significant purchase order from a leading multinational mobility and technology platform operating in India. The contract involves executing a major advertising and transit media campaign across multiple cities.Under the newly awarded purchase order, the Company will execute a transit media campaign that includes branding on auto rickshaws and buses over the campaign period across various locations within India.The key details of the contract have been outlined, revealing the order falls under the category of Advertising/Transit Media Campaign and is deemed a domestic transaction. The promotional period...

Mindspace Business Parks REIT Receives Approval to Raise Up to INR 1,57,000 Million in Debt Securities The Executive Committee of the Board of Directors of K Raheja Corp Investment Managers Private Limited, acting as the manager for Mindspace Business Parks REIT, approved plans to raise substantial funds through the issuance of non-convertible debt securities and commercial papers.The approval for raising funds, finalized during the committee meeting held on Wednesday, April 29, 2026, allows Mindspace REIT to raise up to an aggregate amount not exceeding INR 1,57,000 Million (Rupees one lakh fifty seven thousand million).This fundraising initiative involves the issuance of non-convertible debt securities and commercial papers, as...

Oracle Financial Services Software Limited Allots 12,381 Shares to Employees Under ESOP Scheme Oracle Financial Services Software Limited announced that its Board of Directors' ESOP Allotment Committee approved the allotment of equity shares to eligible employees. The allotment, which took place on April 29, 2026, relates to employees who exercised their stock options under the OFSS Stock Plan 2014.The company allotted 12,381 equity shares, each with a face value of Rs. 5/-. The shares are stated to rank pari passu with the existing equity shares of the company in all respects. The company noted that no shares were allotted to any Directors in this specific allotment.The paid up capital of Oracle Financial Services Software Limited...

Cash Ur Drive Marketing Lands Major Domestic Work Order for Outdoor Advertising Campaigns Cash Ur Drive Marketing Limited has secured a work order for executing comprehensive outdoor advertising campaigns, marking a significant business development for the company.The newly acquired contract requires the company to undertake the advertisement display through multiple media formats. These assets include public utility hoardings, unipoles, flag signs, and transit media, specifically involving branding on EV buses. The scope of work encompasses deploying outdoor media assets across high-visibility locations and branding these assets on EV buses across various cities throughout India during the specified campaign period.The order was...

MICL Group Acquires South Mumbai Project, Boosting Portfolio with ₹2,000 Crore Sales Potential Man Infraconstruction Limited (MICL Group) has announced the acquisition of prime development rights in South Mumbai, significantly enhancing its luxury portfolio. The company acquired the development rights of Tardeo Court CHS and Tardeo Apartments CHS, alongside the outright purchase of Sethna House, all located in Tardeo, South Mumbai, under the Cluster Redevelopment scheme 33(9).Manan Shah, Managing Director of Man Infraconstruction Limited, commented on the development, stating that the Group's South Mumbai journey is marked by scale, speed, and consistent market absorption. He noted that the latest acquisition at Tardeo marks a...

Modi Naturals Ltd Receives Rating Upgrade for Bank Facilities from Infomerics Modi Naturals Ltd has received an upgrade in its credit rating for bank facilities from Infomerics Valuation and Ratings. The ratings review, which took place following consideration of the company's operational and financial performance for FY25 and 9MFY26, revised the long-term and short-term ratings associated with the bank facilities.Infomerics confirmed the upgrade of both ratings for the company's bank facilities, covering a total rated amount of Rs. 65.00 Crore.The key rating changes are detailed below:Facility/InstrumentRating TypeRevised Rating / OutlookLong Term RatingBank FacilitiesIVR BBB/Stable (Rating Upgraded)Short Term RatingBank...

Exxaro Tiles Ltd Board Meeting Scheduled to Approve Financial Results for Year Ended March 31, 2026 Exxaro Tiles Ltd announced that a meeting of its Board of Directors has been scheduled for Tuesday, May 5, 2026. The primary agenda for the board meeting is to review and approve the company's financial performance.During the meeting, the directors will consider and approve the Standalone and Consolidated Audited Financial Results for both the quarter and the full year ending March 31, 2026.The company's Managing Director, Mr. Mukeshkumar B. Patel, oversaw the announcement regarding the meeting intended to approve the audited financial results for the fiscal year and the corresponding quarter.EXXARO Stock Price Movement As of 10:29...