Markets

Maharashtra Seamless Ltd Reports Closure of Subsidiary Internovia Natural Resources FZ LLC Maharashtra Seamless Ltd confirmed the voluntary striking off of its subsidiary, Internovia Natural Resources FZ LLC. The company stated that this closure will not affect its ongoing operations or financial standing.The entity Internovia Natural Resources FZ LLC voluntarily struck off its registration.The company provided a detailed annexure summarizing financial and transactional aspects related to this closure. The annexure included the following key financial details:ParticularsDescriptionTotal Income (Financial year ended on March 31, 2025)NilPercentage of consolidated Income0.00%Net worth0.40 CroreRegarding the sale or...

Dev Information Technology Secures Order from NICSI for Pharmacy Council of India System Dev Information Technology Limited announced securing a substantial work order from National Informatics Centre Services Incorporated (NICSI). The contract is on behalf of the National Pharmacists Registration Tracking System of the Pharmacy Council of India (PCI), which is a statutory body under the Government of India.The scope of the awarded order encompasses several critical technology services for the Pharmacy Council of India (PCI)'s existing IT Infrastructure. These services include Design, Development, Integration, and Maintenance of Software/Applications/Platforms, alongside essential Cybersecurity Services. Furthermore, the project...

Manappuram Finance Sees Tenders for Open Offer Shares On April 8, 2026, details regarding shares tendered in the Open Offer for Manappuram Finance Ltd were noted. The Open Offer concerned the acquisition of up to 24,42,27,387 fully paid up equity shares of face value of IN 2, representing 26.00% of the Expanded Voting Share Capital of Manappuram Finance Limited.The tender details pertain to the Open Offer Escrow Demat Account held with Ventura Securities Limited. As per the Open Offer Escrow Demat Account statement received by the Manager to the Open Offer from Ventura Securities Limited as of 17:03:50 on April 8, 2026, the details of the shares tendered were noted.The transaction involved the Public Shareholders tendering Equity...

Max Financial Services Ltd Approves Share Capital Infusion and Registered Office Shift Max Financial Services Ltd announced key corporate decisions regarding its subsidiary and its registered office location. The Board of Directors approved a reduction in the proposed fund raise for Axis Max Life Insurance Limited and formalized the relocation of the company's registered office.On April 9, 2026, the Board of Directors considered and approved several matters concerning the company's financial restructuring and administrative changes.Regarding the capital infusion into Axis Max Life Insurance Limited (AMLI), the board approved the proposed infusion of share capital of up to ₹ 389 Crores by Axis Bank Limited to meet the subsidiary’s...

Shraddha Prime Projects Ltd Secures Commencement Certificate for 'Shraddha Phoenix' in Mulund Shraddha Prime Projects Ltd, which was formerly known as Towa Sokki Limited, has announced the receipt of a Commencement Certificate (CC) for its new redevelopment project, 'Shraddha Phoenix'. The project is situated at Vidyalaya Marg, Mahakali Nagar, Village Mulund (East), within the Mumbai region.The 'Shraddha Phoenix' development involves the redevelopment of Siddhivinayak Welfare SRA CHS (Prop) and Uttar Bhartiya Residents SRA CHS. The project boasts a total RERA Carpet Area (Residential) of approximately 75,355.64 Sq. Ft. (Approx).Financial projections indicate that this development has the potential to generate revenue of...

Apex Ecotech Limited Approves Borrowing and Investment Enhancements, Plans EGM Apex Ecotech Limited announced several key corporate actions following its Board Meeting held on April 09, 2026. The Board considered and approved enhancements to the company's borrowing and investment limits, alongside approving an Employee Stock Option Plan for 2026 and setting the date for an Extraordinary General Meeting (EGM).The Board approved the enhancement of borrowing powers of the Company up to ₹100 Crore (Rupees One Hundred Crore only). This enhancement is in excess of the aggregate of the company's paid-up share capital, free reserves and securities premium, and is subject to approval from the shareholders via a Special Resolution at the...

Nukleus Office Solutions Ltd Executes Letter of Intent for Phase-2 Expansion Nukleus Office Solutions Limited has executed a Letter of Intent (LOI) to secure additional space for its managed and co-working office operations. The agreement is with R Cube Projects Private Limited (Lead Member) and Spirit Infrastructure Private Limited (Participant Member).The purpose of this agreement is to sub-license additional space at PB Area, R Cube Place, Shivaji Stadium Metro Station, Delhi, for Phase-2 expansion. This space is admeasuring approximately 13,075 sq. ft. in covered area and 20,115 sq. ft. in super area.Key terms outlined in the LOI govern the expanded operational footprint. These include a tenure of 9 years, a lock-in period of 4...

PAKKA LIMITED Appoints Mayank Jindal as Business Head On April 9, 2026, PAKKA LIMITED announced the appointment of Mr. Mayank Jindal as the Business Head (Senior Management Personnel). This appointment followed the approval of the Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, during meetings held on April 7, 2026.Mr. Jindal assumed the role of Business Head with effect from April 9, 2026.Professional Background and Expertise Mr. Mayank Jindal possesses over 35 years of extensive experience within the pulp and paper industry. His expertise combines deep technical knowledge with international exposure across both Indian and global markets.During his career, Mr. Jindal...

Datamatics Launches TruAI Underwriting to Modernize Insurance Risk Assessment Datamatics, a global Digital Technologies, Operations, and Experiences company, has introduced TruAI Underwriting, an Agentic AI-based solution designed to streamline and support insurance underwriting decisions. This launch establishes TruAI Underwriting as the first offering within Datamatics' enterprise AI suite for agentic automation, which combines advanced AI capabilities with deep process expertise for complex, decision-intensive functions.Underwriting remains a critical, judgment-driven function within the insurance value chain, requiring the analysis of diverse materials including medical records, lab reports, financial disclosures, and various risk...

Happy Square Outsourcing Secures Work Order of ₹0.5259 Crore from MPPGCL Happy Square Outsourcing Services Limited, trading under the brand White Force, announced securing a new work order for manpower supply services. The order, valued at approximately ₹0.5259 Crore, was awarded on April 8, 2026.The contract is with the Madhya Pradesh Power Generating Company Limited (MPPGCL), specifically from the Birsinghpur office of the Superintending Engineer (P&W)- Office of the Executive Director (GEN.) in the Umaria District.The work order details indicate that the engagement falls within the ordinary course of business for the company and is awarded by a domestic entity. The services involve the supply of Manpower Services to the client's...

Happy Square Outsourcing Services Wins Manpower Supply Contract in Indore Division Happy Square Outsourcing Services Limited, formerly Happy Square Outsourcing Services Private Limited, has been awarded an additional substation extension in the Indore (Chambal) Division for providing manpower supply services. The contract details, according to the company report dated April 9, 2026, show an order value of approximately ₹0.0859 Crore.The additional substation pertains to the Indore (Chambal) Division and incorporates an extension already reported to the NSE on March 3, 2026.The details of the awarded order are presented below:DetailValueAwarding EntityMadhya Pradesh Power Transmission Company Limited (MPPTCL)- Indore (Chambal)...

Shankar Lal Rampal Dye-Chem Limited Approves Key Board Changes and Policies Shankar Lal Rampal Dye-Chem Limited reported outcomes from its Board meeting held on April 9, 2026. The Board approved several corporate governance updates, including the appointment of a new Independent Director and the reconstitution of key board committees.The Board noted the resignation of Mr. Murli Atal as an Independent Director, effective March 26, 2026.A significant governance action was the approval for the appointment of Mr. Sumit Jain (DIN: 11490160) as an Additional Director and Independent Director. This appointment is set for a term of 5 consecutive years, commencing from April 9, 2026, up to April 8, 2031, pending shareholder approval.The...

Glen Industries Reports FY26 Growth Driven by Food Containers; Plans Capacity Expansion Glen Industries Limited, a manufacturer of eco-friendly food packaging products, announced its business update for the period ended H2 FY26 and FY26. The company reported strong performance in FY26, with revenue reaching ₹ 203.13 Cr, marking a Year-over-Year (YoY) growth of 19.02%.The company manufactures items including thin wall food containers, PLA straws, and paper straws, serving markets such as QSRs, HoReCa, FMCG, and exports, where it maintains an operational presence in over 30 countries.Financial Highlights for FY26 and H2 FY26 The financial performance data shows the following revenues:PeriodRevenueYoY GrowthH2 FY26₹ 107.57...

Mahindra & Mahindra Ltd to Acquire 26% Stake in Neon Hybren Private Limited Mahindra & Mahindra Ltd has approved the acquisition of a 26% stake in Neon Hybren Private Limited. This investment is part of a strategic move involving the establishment of a Group Captive Power Plant in Punjab, India.Neon Hybren Private Limited ('Neon') is developing a grid-connected photo voltaic groundmounted captive power plant in Punjab, intended to supply power to Mahindra & Mahindra Ltd on a captive basis. To comply with the Electricity Rules 2005, the Company is required to hold at least 26% of the share capital of Neon to qualify as a captive user.Neon is structured as a step-down subsidiary of Mahindra & Mahindra Ltd. Specifically, Neon is a...

CFF Fluid Control Ltd Secures Contract for Indian Navy Equipment Procurement CFF Fluid Control Limited has received a significant contract for the procurement of various equipment intended for the Indian Navy. The contract was awarded by NHQ The Directorate of Procurement, Delhi (Indian Navy).The total value of the contract has been reported to be approximately Rs. 78.74 Crores, including tax. The scope of work involves the Procurement of various Equipment for Navy Various Program.The transaction details indicate that the order is domestic in nature, originating from a domestic entity. The expected timeline for execution is delivery by April 2027.Financial and operational details pertaining to the contract are summarized below...

Shraddha Prime Projects Ltd Appoints New Non-Executive Director and Records Resignation Shraddha Prime Projects Ltd, formerly known as Towa Sokki Limited, announced updates following its Board of Directors meeting held on April 9, 2026. The board approved the appointment of a new Non-Executive Director and took record of a resignation from the company's board.The meeting, which commenced at 12:30 p.m. and concluded at 12:55 p.m., resulted in two key changes to the company's directorship.Mr. Vinay Madhukar Nayak (DIN: 08494834) has been appointed as an Additional Non-Executive Director, with the appointment effective from April 9, 2026. Mr. Nayak holds a Master Degree in International Business from the University of Wales - Cardiff...

Advik Capital Ltd Board Approves Rights Issue and Appoints Company Secretary Advik Capital Ltd, during its Board meeting held on April 9, 2026, considered and approved several key business items, including a plan to raise capital through a rights issue and the appointment of a new Company Secretary.The Board meeting addressed an alert concerning influence and shareholding concentration. Following notations of recent SAST disclosures by a shareholder and related developments, the Board observed suspicious trading patterns that showed apparent coordinated intent, potential round tripping or routing of funds by certain entities aiming to accumulate influence and shareholding concentration. The Board noted these patterns raised reasonable...

Lords Chloro Alkali Ltd Receives Listing Approval for Equity Shares Lords Chloro Alkali Ltd has secured listing approvals from both the National Stock Exchange of India Limited and BSE Limited for a block of equity shares. The approval pertains to 35,00,000 equity shares, which are allotted pursuant to the conversion of Warrants.The shares are set to be listed on a preferential basis to persons/entities belonging to the 'Promoter and Non-Promoter Category'. The conversion involves 35,00,000 Warrants that were initially issued at an Issue Price of Rs. 122/each. This transaction comprises the face value of Rs. 10/- each and a premium of Rs. 112/- each, aggregating to Rs. 42,70,00,000/-.The company confirmed receiving the listing...

Bharat Forge Ltd Board Considers Restructuring of German Subsidiary Operations Bharat Forge Ltd's Board of Directors evaluated a proposal concerning the phased restructuring of the steel forging operations managed by its wholly owned subsidiary, Bharat Forge CDP GmbH, located in Ennepetal, Germany. The evaluation, conducted during a Board Meeting held on Thursday, April 9, 2026, included considering an orderly wind-down and solvent liquidation of BF CDP, adhering to applicable German laws.The consideration of this restructuring proposal stems from market challenges and cost disadvantages faced by BF CDP within Germany.To facilitate the proposed restructuring of the German unit, the Board approved a financing arrangement amounting to...

Bharat Heavy Electricals Signs Technology Collaboration Agreement with Korean Firm Bharat Heavy Electricals Limited (BHEL) has executed a Technology Collaboration Agreement (TCA) with E2S Company Limited of the Republic of Korea. This international agreement focuses on the area of excitation systems for synchronous machines.The TCA signed between the two entities concerns Static Excitation Systems (SEE) and Brushless Excitation Systems (AVR). The scope of the business operation covered under the agreement is the Technology Collaboration Agreement (TCA) for excitation system for synchronous machines.The collaboration is set to assist BHEL in several key operational areas. The expected rationale and benefit from this TCA include...