Markets

Viviana Power Tech Limited Board Approves Raising Funds Through Issuance of NCDs Viviana Power Tech Limited announced that its Board of Directors, at a meeting held on April 28, 2026, approved a significant fundraising plan through the issuance of Non-Convertible Debentures (NCDs).The company approved the raising of funds, amounting to up to Rs. 75,00,00,000/- (Rupees Seventy-Five Crores only). This funding will be structured through the issuance of Rated, listed, senior, secured, transferable, redeemable Non-Convertible Debentures (NCDs). The instruments are set for private placement basis through the Electronic Book Platform, in one or more tranches.The Board also approved the draft Letter of Offer related to this transaction...

3i Infotech Limited Approves Grant of 1,99,000 Stock Options under ESOS 2018 3i Infotech Limited announced that its Nomination and Remuneration Committee, in a meeting held on April 28, 2026, approved the grant of stock options to its identified employee(s). The options are issued under the company's 3i Infotech Stock Option Scheme 2018 (ESOS 2018).The approved grant involves 1,99,000 stock options, covering an equivalent total number of 1,99,000 equity shares. The scheme has been structured in line with the requirements of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.The detailed terms and conditions of the stock option grant are outlined below:ParticularDetailOptions Granted1,99,000 stock...

SRM Contractors Limited Conferred 'Rashtriya Ratna Samman 2026' for EPC Contractor Excellence SRM Contractors Limited has been honored with the prestigious 'Rashtriya Ratna Samman 2026' under the category EPC Contractor of the Year. The award recognizes the company's outstanding contribution to infrastructure development and its excellence in Engineering, Procurement, and Construction (EPC) services.The recognition was presented at a grand ceremony held at Bharat Mandapam, New Delhi. The award was received by Mr. Puneet Pal Singh, the Managing Director of SRM Contractors Limited.This accolade highlights SRM Contractors Limited's commitment to delivering high-quality infrastructure projects across challenging terrains. The...

CSL Finance Allots Secured NCDs of ₹30 Crore Through Private Placement CSL Finance Limited announced that its Management Committee passed a resolution approving the allotment of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs). The funds are being raised through a private placement of NCDs, aggregating to ₹30 Crore.The resolution, passed on April 28, 2026, confirmed the allotment of 30,000 Secured, Rated, Listed, Redeemable NCDs. Each NCD has a face value and issue price of ₹10,000, bringing the total issue size to ₹30,00,00,000/- (Rupees Thirty Crores).The issuance of the NCDs is scheduled to be listed on the BSE Limited. The instrument has a tenure of 2 years, with a stated maturity date of April 20, 2028. The...

Castrol India Reports 9% Revenue Growth in Q1 FY26, Focuses on Rural Expansion and EV Segment Castrol India Limited announced its financial results for the first quarter (Q1) of the fiscal year 2026, ending March 31, 2026. The company reported a strong quarter, driven by focused market execution and strategic expansion, while proactively addressing external market uncertainties.The financial highlights for Q1 FY26, compared to the same quarter in the previous year, showed significant growth across key revenue metrics.Financial Metric (₹ Cr)Q1 FY26 (Jan-Mar)Q1 FY25 (Jan-Mar)Year-on-Year GrowthRevenue from operations1,5451,4229%EBITDA3293077%Profit after tax (PAT)2422334%Commenting on the performance, the company noted...

Rossari Biotech Reports Q4 FY26 Results, Highlights 18% Revenue Growth Mumbai, April 27, 2026: Rossari Biotech Limited, a specialty chemicals manufacturer providing intelligent and sustainable solutions across various industries, today announced its financial results for the quarter and financial year ended March 31, 2026. The company reported strong quarterly and full-year growth across key metrics.The company noted that Q4 FY26 marked its highest-ever quarterly revenue and EBITDA performance.Q4 FY26 and FY26 Performance Overview The financial results for the quarter and full year show a positive trend compared to the previous respective periods.Consolidated Q4 FY26 Performance (Compared to Q4 FY25): Rossari reported revenue from...

Mahindra & Mahindra Financial Services Allots Non-convertible Debentures Worth Rs. 500 Crore Mahindra & Mahindra Financial Services Limited announced the successful allotment of Non-convertible Debentures (NCDs) on a private placement basis, securing a total subscription amount of Rs. 500,00,00,000/-.The allotment was approved by the Company’s Debenture Allotment Committee on April 28, 2026, following a successful bidding process done on the BSE Bond-EBP Platform.The company has issued the NCDs with a fixed coupon rate of 7.71% per annum. These debentures are secured and rated, and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.The transaction details confirm the issuance of 50,000 Listed, Secured...

Vikran Engineering Limited Acquires 49% Stake in NOPL Solar Projects, Boosting Renewable Energy Presence Vikran Engineering Limited (VEL), an emerging multisector Engineering, Procurement, and Construction (EPC) company, has announced a strategic investment to acquire a 49% equity stake in NOPL Solar Projects Private Limited. The acquisition, executed via a Share Purchase Agreement, involves an investment of INR 4.9 crore, marking a focused expansion into India's growing renewable energy sector.NOPL Solar Projects Private Limited specializes in the development, operation, and maintenance of solar power projects. The company is associated with a 969 MW (AC) grid-connected solar power project, which falls under Component C of the...

ICRA Reaffirms and Assigns Ratings to Adani Energy Solutions Ltd Adani Energy Solutions Ltd received credit rating updates from ICRA Limited, which reaffirmed and assigned ratings to the company on April 27, 2026.ICRA Limited provided ratings across various financial instruments for Adani Energy Solutions Ltd.The assigned and reaffirmed ratings are as follows:InstrumentsRating SymbolRating ActionLong-term Fund-based Proposed limitsAA+ (Stable)AssignedCommercial paperA1+ReaffirmedADANIENSOL Stock Price Movement As of 1:06 PM, shares of Adani Energy Solutions Limited are slipping by 0.10% in live trading, currently trading at ₹1434.35. Despite trading on a volume of 1.96 million shares, the stock remains hovering near...

Meevaa Foods by Zappfresh Appoints Rajneesh Bhasin as Independent Director Meevaa foods by Zappfresh, an export-grade frozen food platform specializing in vegetarian offerings, has announced the appointment of Rajneesh Bhasin as an Independent Director on its board. The appointment, effective April 27, 2026, marks a phase of structured growth for the company, which is focusing on scaling operations, strengthening internal processes, and building long-term institutional capabilities.This strategic move aims to introduce external perspectives and depth in governance, supporting Meevaa Foods’ planned expansion across fresh, frozen, and value-added food categories. According to the company, the objective is to enhance board-level...

Premier Synthetics Ltd Confirms Status Regarding Debt Securities Issuance Eligibility Premier Synthetics Ltd has confirmed its classification status concerning the issuance of debt securities. The confirmation relates to the applicability of specific initial and annual disclosure requirements for fund raising activities.The company confirmed that, as of March 31, 2025, Premier Synthetics Ltd was not identified as a 'Large Corporate' (LC). This determination is based on the criteria set forth for entities involved in fund raising by issuing debt securities.Consequently, the company stated that there is no requirement for filing the initial and annual disclosures pertaining to the financial year ended March 31, 2026.This status...

Google Breaks Ground on $15 Billion AI Hub in Visakhapatnam, Catalyzing India's Digital Ecosystem Google has officially broken ground on its landmark AI hub in Visakhapatnam (Vizag), Andhra Pradesh. This project marks the start of the company's largest investment in India's digital future to date, establishing a gigawatt-scale AI ecosystem designed to power the ambitions of Viksit Bharat.The groundbreaking ceremony, which was held in Visakhapatnam, Andhra Pradesh, was a major event highlighting the strategic partnership between Google, AdaniConneX, and Nxtra by Airtel.Massive Digital Investment Blueprint The development represents a significant portion of Google's $15 billion investment planned over five years (2026-2030) to...

Jubilant FoodWorks Board Meeting Scheduled for May 20, 2026; Dividend Recommendation to Be Considered Jubilant FoodWorks Ltd, a company of Jubilant Bhartia, has scheduled a meeting of its Board of Directors for Wednesday, May 20, 2026. The board meeting is set to consider several key financial and corporate matters, including the financial results for the year ended March 31, 2026.During the meeting, the directors will review the Audited Standalone and Consolidated Financial Results of the Company for the financial year ended March 31, 2026. The agenda also includes considering the Limited Reviewed Financial Results for the quarter ended March 31, 2026, and taking on record the reports of the auditors.Additionally, the board is...

Magellanic Cloud Limited Seals Strategic Pact with Rayonix Tech for Indigenous Defence UAV Development Magellanic Cloud Limited has entered into a Strategic Investment and Collaboration Agreement with Rayonix Tech Private Limited. The agreement, dated April 25, 2026, aims to significantly support India's defence ecosystem by focusing on the development and supply of warfare-grade XTEND's UAVs and drones tailored to evolving national security requirements.The newly established partnership between the two companies is centered on enhancing local manufacturing, deployment, and scaling of next-generation Unmanned Aerial Vehicle (UAV) solutions. This collaboration is specifically aligned with the Government of India's vision of Atmanirbhar...

Vels Film International to Release Tamil Film 'KARA' Worldwide on April 30, 2026 Vels Film International Limited announced that it is releasing the Tamil film 'KARA' worldwide on Thursday, April 30, 2026.The cinematic production is directed by Mr. Vignesh Raja and stars Mr. Dhanush, alongside other cast members.The project, which features the musical contribution of G.V. Prakash Kumar, is set to hit cinemas globally on April 30, 2026.The film credits include writers Alfred Prakash and Vignesh Raja, with cinematography provided by Theni Eswar. The technical and creative teams involved in the production include:Art Director: Mayapandi Action Director: Dinesh Kasi Costume Designer: Dinesh Manoharan and Kavya Sriram Makeup: B. Raja...

HDB Financial Services Allots Secured NCDs of Rs. 3,25 Crore on Private Placement Basis HDB Financial Services Limited announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company's Debenture Allotment Committee, during a meeting held on April 28, 2026, finalized the allocation of 32,500 NCDs.The NCDs carry a face value of Rs. 1,00,000/- each, resulting in a total aggregate issue size of Rs. 3,25,00,00,000/-.The debentures are set to be listed on the Wholesale Debt Market Segment of BSE Limited. Key details regarding the issued instruments are provided below.DetailSpecificationSize of the Issue32,500 NCDs of face value of Rs. 1,00,000/- eachAggregate ValueRs...

Praj Industries Limited Board Approves Postal Ballot for Joint Managing Director Appointment Praj Industries Limited announced that its Board of Directors, during a meeting held on April 28, 2026, approved the issuance of a Postal Ballot Notice. This notice is designed to seek shareholder approval for a key executive appointment within the company.The Board’s decision paved the way for the appointment of Mr. Sachin Raole (DIN: 00431438) to the role of Joint Managing Director and Chief Financial Officer of Praj Industries Limited.The approved appointment of Mr. Sachin Raole is set for a period of five years. His tenure will commence on April 30, 2026, and will remain effective until April 29, 2031.The company is proceeding with the...

Vardhman Special Steels Reports Financial Results for FY 2026; Board Recommends Rs. 3.50 Dividend Per Share Vardhman Special Steels Limited has announced its audited financial results for the financial year ended March 31, 2026. The company's Board of Directors recommended a dividend of Rs. 3.50 per share on fully paid up equity shares. The dividend payment is subject to approval by the members of the company and is tentatively scheduled within five days of the Annual General Meeting.The company reported a substantial increase in total assets, alongside robust total comprehensive income, driven by strong operational performance and specific tax refunds.Key Financial Highlights The audited financial results show significant growth...

India Ratings Assigns 'IND A-' Credit Rating to Trualt Bioenergy Ltd's Bank Facilities India Ratings and Research (Ind-Ra) has assigned a credit rating to Trualt Bioenergy Limited's (TBL) bank facilities, rating the company's debt at IND A-/Stable/IND A2+. The rating assignment, which focuses on TBL's strong market position and growth prospects in the bioenergy sector, highlights the company's scale as India's largest cane-based distillery.According to India Ratings, TBL's bank facilities were assigned the following rating:Instrument TypeDate of IssuanceSize of Issue (million)Rating AssignedRating ActionBank loan facilitiesApril 27, 2026INR17,660IND A-/Stable/IND A2+AssignedThe rating reflects a fully consolidated view of...

Kalpataru Projects International Ltd Receives 'Adequate' ESG Rating from ESG Risk Assessments Kalpataru Projects International Ltd announced on April 28, 2026, that it has been assigned an Environmental, Social, and Governance (ESG) rating by ESG Risk Assessments & Insights Limited. The rating, which stood at '53' and was categorized as 'Adequate', was received by the company following an assessment conducted by the rating provider.The assessment details confirm that ESG Risk Assessments & Insights Limited assigned the rating based on publicly available information. The company clarified that it had not engaged ESG Risk Assessments & Insights Limited to conduct the rating.The ESG rating assignment was formalized after the company...