Markets

Garden Reach Shipbuilders Reports Strong FY26 Results, Recommends Final Dividend Garden Reach Shipbuilders & Engineers Limited (GRSE), a Government of India Undertaking under the Ministry of Defence, announced its audited financial results for the quarter and year ended March 31, 2026. The company's Board of Directors approved the financial results during a meeting held on April 28, 2026.In the context of the financial performance, the Board of Directors recommended a final dividend of ₹ 6.70 per equity share for the Financial Year 2025-26. This dividend is subject to approval by the shareholders at the ensuing Annual General Meeting (AGM). The company stated that the final dividend would be paid within 30 days from the date of its...

Black Box Limited Confirms No Undisclosed Information Amid Volume Movements Black Box Limited provided a clarification on April 28, 2026, addressing concerns regarding significant movements in the company's trading volume. The company issued the statement confirming the current status of its material information and corporate actions.Black Box Limited stated that at this time, there is no undisclosed or price sensitive information, nor are there any impending announcements or corporate actions that require immediate reporting to the stock exchange.The company maintained that it continues to monitor and adhere to its obligations regarding material information. Black Box Limited further assured stakeholders that it will promptly...

Trident Techlabs Limited Appoints Mrs. Sonam Bansal as Additional Non-Executive Independent Director Trident Techlabs Limited announced the appointment of Mrs. Sonam Bansal as an Additional Non-Executive Independent Director, following the meeting of its Board of Directors held on April 28, 2026. The appointment is subject to the subsequent approval of the company's shareholders.The Board meeting for Trident Techlabs Limited commenced at 05:30 P.M. and concluded at 07:00 P.M. during which the company approved the nomination of Mrs. Sonam Bansal.Mrs. Sonam Bansal is recognized as a highly experienced finance and governance professional. She brings over 14 years of diverse experience spanning key areas including corporate finance...

Rajoo Engineers Announces FY26 Financial Results, Dividend Recommendation, and Key Board Updates Rajoo Engineers Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with key updates concerning its board appointments and management personnel. The company also recommended a final dividend for the financial year 2025-26.The company, which is engaged in the manufacturing of Plastic Extrusion plant and machinery, reported its audited Standalone and Consolidated Financial Results, which are available for review.Financial Highlights for FY 2025-26 The financial results for the period ended March 31, 2026, showed significant operational activity for the company...

Cupid Limited Receives Administrative Warning from SEBI Over Disclosure of Material Information Cupid Limited, a manufacturer and exporter of Male Condoms, Female Condoms, Water based Lubricants, and In Vitro Diagnostics (IVD) Kits, announced the receipt of an administrative warning letter from the Securities and Exchange Board of India (SEBI). The warning was issued concerning a failure to disclose material information.The company confirmed that it received the administrative warning letter dated April 23, 2026, on April 28, 2026.The warning highlighted specific concerns regarding non-compliance with the disclosure requirements. The following details summarize the communication received from the authority:DetailDescription...

Mahindra Lifespace Announces Clarification on EPS Following Annual Financial Results Release Mahindra Lifespace Developers Limited announced a clarification regarding its Annual Audited Consolidated Financial Results for the financial year ended March 31, 2026. The company reported an inadvertent error in the Earning Per Share (EPS) amount published for the quarter ended March 31, 2025, in the newspaper extract.According to the clarification, the actual EPS figures for the quarter ended March 31, 2025, differ from the previously submitted amounts.The actual and previously disclosed EPS figures for the quarter ended March 31, 2025, are detailed below:ParticularsAs per Submissions on 28 April 2026Actual FigureEarning Per Share...

Brigade Hotel Ventures Limited Approves FY26 Financial Results and Reports COO Resignation Bengaluru, April 28, 2026 — The Board of Directors of Brigade Hotel Ventures Limited held a meeting on April 28, 2026, taking several key decisions regarding the company’s financial results and senior management structure.At the meeting, the Board approved the audited consolidated financial results and the audited standalone financial results for the fourth quarter and the year ended March 31, 2026. The board also reviewed the associated audit report from the Statutory Auditors of the Company.The statutory auditors, M/s. S.R. Batliboi & Associates LLP, Chartered Accountants, issued reports on the audited standalone and consolidated financial...

Visa Steel Limited Changes Name to VISA Chrome Limited, Effective April 28, 2026 Visa Steel Limited has officially changed its corporate name to VISA Chrome Limited, with the change effective from April 28, 2026. The name alteration was approved by the Registrar of Companies, Ministry of Corporate Affairs.The Ministry of Corporate Affairs confirmed the change of the company's name from Visa Steel Limited. Records indicate that the company was originally incorporated under the name Visa Industries Limited. The memorandum and articles of association have been updated to reflect this formal name change.The key details of the name transition are as follows:AspectDetailsFormer Company NameVisa Steel LimitedNew Company NameVISA...

Madras High Court Quashes ₹3,567.22 lakh Tax Demand for Refex Industries Limited Refex Industries Limited, a company of the Refex Group, has announced that the Madras High Court has set aside an assessment order, thereby nullifying a significant income tax demand of ₹3,567.22 lakh.The legal challenge was directed against an assessment order dated May 31, 2023, which had been issued by the Deputy Commissioner of Income Tax - Central Circle 3(4), Chennai. This order related to the Assessment Year 2016-17.The company initially filed a writ petition before the Hon'ble Madras High Court to challenge the assessment. The core grounds for the challenge were that the original assessment order was passed without providing a reasonable...

Macquarie Secures Major Stake in Maple Infrastructure Assets After CCI Greenlight on Key Acquisition The infrastructure investment landscape received a significant boost today as the Competition Commission of India (CCI) granted approval for a major proposed acquisition. The approval concerns an investment by MAIF 4 Investments India 2 Pte. Ltd. into the assets of Maple Infrastructure Trust.The transaction marks a pivotal development for the ownership structure of assets engaged in owning and operating critical road infrastructure across India. The CCI greenlit the proposed combination affecting multiple core components of the Maple group.CCI Approves Comprehensive Infrastructure Stake Acquisition The CCI cleared the proposed deal...

Bluspring Establishes Irrevocable ESOP Trust for Employee Compensation Scheme Bluspring Enterprises Limited has formed an irrevocable employee welfare trust, named 'Bluspring ESOP Trust.' The trust is designed to administer and implement the Bluspring Enterprises Limited - Employee Stock Option Scheme 2026 (ESOS 2026) and any subsequent employee stock option schemes.The Company, acting as the settlor, established the Trust to manage an employee-based compensation plan aimed at attracting, retaining, and incentivizing employees. The Trust Deed for the establishment of the 'Bluspring ESOP Trust' was executed on April 28, 2026.The ESOS 2026, which forms the basis of the Trust, received necessary internal approvals. It was approved by...

Omkar Speciality Chemicals Unveils Broad Plan for Capital Reduction and Share Issuance Omkar Speciality Chemicals Limited, a company admitted into Corporate Insolvency Resolution Process (CIRP) via an order dated December 5, 2022, has outlined a broad step plan detailing its strategy for capital restructuring, share allotment, and ensuring compliance with Minimum Public Shareholding (MPS) norms.The proposed plan involves multiple steps, beginning with a significant capital reduction and culminating in the issuance of fresh equity shares to the Resolution Applicant (RA).The plan outlines the following key actions:Capital Reduction: Following the NCLT order dated July 31, 2025, and the approved Resolution Plan, the company's entire...

Viyash Scientific Limited Allots Equity Shares Under ESOP Plan, Enhancing Paid-up Capital Viyash Scientific Limited announced the approval for the issue and allotment of new equity shares to eligible employees under its Employee Stock Option Plan (ESOP).The Nomination and Remuneration Committee of the Company passed a resolution on April 28, 2026, approving the allotment of 8,000 equity shares. These shares are fully paid, with an exercise price set at Rs. 86 per equity share, relating to the SeQuent ESOP 2020 program.The new equity shares issued under the SeQuent ESOP 2020 will rank pari passu in all respects with the Company's existing equity shares.Impact on Capital Structure The allotment of the shares resulted in an increase...

EIE Renewables Acquires Stake in Suyog Urja Limited to Bolster Wind Energy Presence EIE Renewables Private Limited, a wholly owned subsidiary of Enviro Infra Engineers Limited, has initiated the acquisition of Suyog Urja Limited, a move aimed at strengthening the company’s portfolio within the renewable energy sector. The acquisition of Suyog Urja Limited's 100% share capital will be completed in a phased manner, allowing EIE Renewables to secure an initial 51% equity stake immediately. The remaining 49% equity will be acquired over a period of 27 months.The proposed transaction is expected to enable EIE Renewables Private Limited to significantly enhance and integrate its existing renewable energy assets, specifically by expanding...

CCI Approves Mega Agri-Commodity Merger: A1, BNA, and Salasar to Form BN Agrochem The market reacted positively to the announcement of a major consolidation in the edible oil and agri-commodity sector. The Competition Commission of India (CCI) has granted its approval for a proposed merger involving three key entities. This strategic combination aims to create a formidable player in the agricultural and oil trading space.The merger brings A1 Agri Global Limited, B.N. Agritech Limited, and Salasar Balaji Overseas Private Limited together. Following the CCI's approval dated April 28, 2026, the three companies will amalgamate into the newly formed entity, BN Agrochem Limited (BNAC).CCI Greenlights Consolidation of Key Agri Players The...

Macquarie-Backed Fund Targets Infrastructure Giants in Major Acquisition, CCI Approves Key Consolidation Deal A significant institutional investment move has been cleared by the Competition Commission of India (CCI). The approval concerns a substantial combination involving MAIF 4 Investments India 2 Pte. Ltd. and key entities within India's road asset management space. The proposed transaction aims to consolidate stakes across major infrastructure investment vehicles.Overview of the Proposed Infrastructure Combination The filing details a combination of stakes by MAIF 4 India 2. This investment targets three primary areas: Maple IM, Maple PM, and the units of Maple Trust. The combination is formalized under regulation 13(2) of the...

Star Health Reports 16% PAT Growth in FY26, Driven by Improved Operating Metrics Star Health and Allied Insurance Company Limited, India's largest standalone health insurer, announced strong performance results for the fiscal year 2025-26. The company posted a Profit After Tax (PAT) of ₹911 Crores, marking a 16% year-on-year (YoY) increase. The results point to robust growth and significant improvement across key operating metrics, including underwriting and loss ratios.The financial performance for the year ended March 31, 2026, was supported by premium growth, enhanced customer renewal persistency, and improved overall operating efficiency.Key Financial Highlights for FY26 For the full year, Star Health reported Gross Written...

Mizuho Securities Acquires Stake in Avendus Capital, Deal Gets CCI Greenlight in Major Financial Infusion Mizuho Securities Co., Ltd. is set to significantly expand its presence in India following the Competition Commission of India's (CCI) approval for a major acquisition. The landmark approval permits Mizuho Securities to acquire certain equity share capital of Avendus Capital Private Limited (ACPL).This strategic corporate transaction involves the entry of the global Japanese financial powerhouse, Mizuho Securities, into the Indian advisory space via ACPL. The acquisition was approved by the CCI on April 28, 2026, following review of the proposed fully diluted basis transaction.Strategic Expansion into Indian Advisory Sector The...

Aimtron Electronics Reports Strong FY26 Performance, Driven by High-Value Design-Led Manufacturing Vadodara, April 28, 2026: Aimtron Electronics Limited, an electronics design and manufacturing company, has announced its audited consolidated financial results for the half-year and the full fiscal year ended March 31, 2026. The company reported a strong performance, attributing the growth to momentum across its Electronics Manufacturing Services (EMS) and Electronics System Design & Manufacturing (ESDM) businesses.For the second half of the fiscal year (H2 FY26), Aimtron Electronics Limited posted consolidated revenue from operations of ₹1,786 Mn, EBITDA of ₹369 Mn, and Profit After Tax of ₹257 Mn. This revenue marked a significant...

Piccadily Agro Industries to Demerge Sugar Business into Subsidiary; Board Approves Financials and Appoints New Auditors Mumbai/Gurugram, April 28, 2026 — The Board of Directors of Piccadily Agro Industries Limited announced several major corporate developments, including the approval of a Scheme of Arrangement to demerge its Sugar Business, along with the release of its audited financial results for the quarter and year ended March 31, 2026. The company also announced the change in its statutory audit team.Approval of Demerger Scheme The Board of Directors approved a Scheme of Arrangement between Piccadily Agro Industries Limited and its wholly owned subsidiary, Piccadily Food & Essential Limited. This Proposed Transaction involves...