Markets

Filatex Fashions Approves Key Shareholder Matters, Increases NRI Investment Limits, and Names RTA for FCCB Issuance Filatex Fashions Ltd’s Board of Directors met on April 28, 2026, and approved several key corporate actions concerning investments, bond issuances, and shareholder structure. The board meeting commenced at 11:00 AM IST and concluded at 12:00 PM IST.Among the material decisions, the board approved significant increases in investment limits for non-resident investors. The board approved increasing the aggregate investment limit for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) from 10% to 24% of the paid-up equity share capital. Additionally, the board approved raising the investment limit for Foreign...

Inventurus Knowledge Solutions Ltd Grants 12,700 Employee Stock Options Under ESOP Plan Inventurus Knowledge Solutions Ltd announced the approval and grant of employee stock options to eligible employees under its Employee Stock Option Plan 2022 (IKS ESOP Plan). The Nomination and Remuneration Committee (NRC) of the Board of Directors sanctioned the grant of 12,700 employee stock options on April 28, 2026.The IKS ESOP Plan allows the company to issue options to its workforce, with each option convertible into one fully paid-up equity share of the company. The transaction is governed by the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.The details of the option grant provide a clear outline...

SoftTech Engineers and NHEV Launch Single-Window Approval System for EV Infrastructure on National Highways SoftTech Engineers Limited, in collaboration with NHEV (National Highway Electric Vehicle Infrastructure), has launched India's first single-window approval system dedicated to the EV ecosystem and wayside amenities along national highways. This unified platform, powered by SoftTech's Civit platform, aims to streamline the entire lifecycle of EV infrastructure development across the country.The initiative establishes a comprehensive digital backbone for India's transition to sustainable electric mobility on its highways. SoftTech serves as the technology provider, while NHEV acts as the national initiative driving the deployment...

Heritage Foods Ltd to Host Earnings Conference Call on Financial Performance for Q4 FY26 Heritage Foods Ltd has scheduled an Earnings Conference Call with investors and analysts to discuss the company's financial performance for the quarter year ended March 31, 2026.The conference call is set for Tuesday, May 12, 2026, beginning at 11:00 AM IST. The event is being hosted by Go India Advisors.The call aims to provide insights into the company's financial standing based on its performance for the quarter year ended March 31, 2026.Several senior executives from Heritage Foods Ltd are slated to participate in the session. The confirmed participants include Mrs. N Brahmani, Executive Director; Dr. M Sambasiva Rao, Whole Time Director...

Kallam Textiles Limited Scheduled for First Committee of Creditors Meeting Amid CIRP Proceedings Kallam Textiles Limited, formerly known as Kallam Spinning Mills Limited, is set to hold its First Meeting of the Committee of Creditors (CoC) as the company navigates the Corporate Insolvency Resolution Process (CIRP).The company confirmed that the inaugural meeting of the Committee of Creditors is scheduled for Saturday, May 2, 2026.This development follows the earlier intimation on April 7, 2024, concerning the initiation of the Corporate Insolvency Resolution Process against the entity.In the matter of Kallam Textiles Limited, Mr. Rajesh Chillale has been appointed as the Interim Resolution Professional (IRP). Mr. Chillale was...

Open Offer Announced for Lykis Ltd: Acquirer to Acquire 26% Stake at ₹34.50 Per Share Lykis Ltd is undergoing an Open Offer announced by M/s. Parshav Vatika LLP (Acquirer), accompanied by M/s. K8 Products LLP (PAC 1) and M/s. Tidagela Ventures Private Limited (PAC 2). The offer aims to acquire a stake of up to 50,37,541 Equity Shares, representing 26% of the total voting share capital of Lykis Ltd.The transaction outlines the acquisition of shares at a fixed consideration of ₹34.50 (Rupees Thirty Four and Fifty Paise only) per Equity Share.The Post Offer Advertisement regarding the Open Offer was published on Monday, April 27, 2026, in multiple English, Hindi, and Marathi daily newspapers, including the Financial Express, Jansatta...

Paras Defence and Space Technologies Forms Consortium with Complus Systems and JV Micronics for Anechoic Chamber Projects Paras Defence and Space Technologies Limited has entered into a Memorandum of Understanding (MoU) with Complus Systems Pvt. Ltd. and JV Micronics. This collaboration aims to combine the specialized expertise of the three companies to pursue and promote opportunities, both within India and globally.The primary focus of the consortium will be the design, development, manufacturing, installation, and servicing of Anechoic and Semi-Anechoic Chambers.Under the partnership, Paras Defence and Space Technologies Limited will function as the consortium leader. Its responsibilities include overseeing the complete cycle of...

Heritage Foods Ltd to Hold Board Meeting on May 11 for Financial Results and Dividend Recommendation Heritage Foods Ltd has announced that its Board of Directors meeting is scheduled for Monday, May 11, 2026. The meeting, set to take place at the company’s registered office in Hyderabad, will address several key corporate matters, including the review of the annual financial results and the recommendation of a final dividend.The board is tasked with transacting business related to the company’s performance for the financial year ended March 31, 2026.The key business agenda items to be considered and discussed at the meeting include:Agenda PointDetailsFinancial Results ApprovalConsideration and approval of the Audited...

Star Housing Finance to Hold Debenture Holders' Meeting Amid Payment Delay Star Housing Finance Ltd. has announced a meeting of its Debenture Holders, chaired by Vardhman Trusteeship Private Limited, due to the outstanding payment of outstanding principal and interest on its Non-Convertible Debentures (NCDs).The NCDs, issued on a private placement basis and holding an aggregate value of INR 20,00,00,000/- (Indian Rupees Twenty Crores only), were subject to a Put Notice issued on March 11, 2026. Accordingly, the payment of interest and principal was due on April 25, 2026.The company has requested an extension of fourteen working days from the Debenture Trustee to complete the payment, citing that it is currently in the process of...

Refex Renewables Appoints Veteran Executive as COO for CBG Business Refex Renewables & Infrastructure Ltd has announced an internal reorganization of its leadership, promoting Vice-President Rajeev Vaze to the position of Chief Operating Officer (COO) for its Compressed Bio-Gas (CBG) business vertical.Effective May 01, 2026, Mr. Vaze will lead the CBG business, where he will be designated as a senior managerial person. Furthermore, his payroll is shifting to Refex Sustainability Solutions Limited (RSSL), which operates as a wholly-owned subsidiary and Hold Co. of the CBG vertical.Previously serving as Vice-President and Head of Supply Chain Management (SCM), Mr. Vaze will assume significant responsibilities aimed at driving the...

Panorama Studios International Ltd Secures Global Distribution Rights for Punjabi Film "Arjan Tte Tina" Panorama Studios International Limited has announced that it has executed a Distribution Agreement for the theatrical rights of the Punjabi film "Arjan Tte Tina." The agreement was signed with Naad Studios Private Limited and Dreamiyata Entertainment Private Limited.Under the terms of the distribution deal, the agreement covers the exploitation of the theatrical rights for the entire world, including the pan India territory.The film, "Arjan Tte Tina," is a Punjabi feature that stars Ammy Virk and Sargun Mehta, among others. The movie is directed by Rajiv Kumar.Stock Price Movement As of 12:12, shares of Panorama Studios...

Jindal Poly Investment and Finance Receives Show Cause Notice from SEBI Regarding Disclosures and Governance Jindal Poly Investment and Finance Company Limited (JPIFCL) has reported receiving a Show Cause Notice (SCN) from the Securities and Exchange Board of India (SEBI). The notice was received on April 27, 2026, concerning certain transactions and issues related to the company's disclosures and corporate governance.The regulatory communication, noted as a Show Cause Notice, provides SEBI's observations on specific matters. The notice calls upon the company to explain why suitable directions or penalty proceedings should not be initiated.According to the detailed records provided by the company, the Show Cause Notice addresses...

InfoBeans Technologies Launches InsaneSDD 2.0, AI-Powered Accelerator to Streamline Software Development InfoBeans Technologies, a global technology services company and ServiceNow Premier Partner, has announced the launch of InsaneSDD 2.0, the second generation of its Specification-Driven Development (SDD) accelerator. The new version leverages artificial intelligence to supercharge software delivery across enterprise scales.Inspired by the concept of peak performance, InsaneSDD 2.0 focuses on eliminating ambiguity before any code is written, a step many development frameworks overlook.The platform addresses a common source of development failure, which often arises not in the code itself, but in the communication gaps among...

ICICI Bank Allots 1,339,243 Shares Under Employees Stock Option Scheme ICICI Bank Ltd has announced the allotment of equity shares to employees under the ICICI Bank Employees Stock Option Scheme 2000.The bank allotted a total of 1,339,243 equity shares. Each share has a face value of Rs. 2.The allotment was approved by the bank's Executive Directors on April 28, 2026, at 10:51 a.m. The shares are part of the operational benefits provided through the ICICI Bank Employees Stock Option Scheme 2000.ICICIBANK Stock Price Movement As of 11:38 AM, shares of ICICI Bank Limited are slipping by 0.80% in live trading, currently trading at ₹1303.6. The stock has shed ₹10.50 in session, accompanied by heavy liquidity as it handles a volume of...

TCS and ASX Successfully Go Live with CHESS Release 1 for Cash Clearing and Settlement Tata Consultancy Services (TCS) has achieved a significant milestone in the modernization of Australia's financial market infrastructure, completing the deployment of Release 1 of the Australian Securities Exchange’s (ASX) Clearing House Electronic Subregister System (CHESS) program. This deployment represents a key step in the digital transformation journey of the ASX, developed in partnership with TCS.CHESS is the system responsible for facilitating the clearing and settlement of trades across eligible financial products. It manages the transfer of legal title to securities through its sub-register and enables delivery versus payment settlement by...

Bank of Baroda to Hold Board Meeting to Approve FY 2025-26 Financial Results Bank of Baroda announced that its Board of Directors will convene a meeting on Friday, May 8, 2026. The meeting is scheduled to take place at the Bank's Corporate Office in BKC, Mumbai.The board agenda includes key financial considerations for the quarter/year ended March 31, 2026.During the meeting, the board is scheduled to discuss and take decisions on the following matters:Considering and approving the Audited Standalone and Consolidated Financial Results of the Bank, along with relevant segment reporting, for the period ended March 31, 2026. Considering and recommending a dividend for the Financial Year 2025-26, if any.In a separate market...

Ddev Plastiks Industries Commences Operations of New XLPE Manufacturing Unit in Rajasthan Ddev Plastiks Industries Limited is set to enhance its production capabilities with the commencement of commercial operations at its new manufacturing facility. The company announced that the new unit, specializing in XLPE and allied products, began operations on April 28, 2026.The new unit is located in Bhiwandi, Rajasthan, marking a significant expansion for the company. It has an installed capacity of 48000 MTPA.The key details regarding the new operational unit are summarized below:ParameterDetailsNature of UnitXLPE and allied products Manufacturing UnitLocationBhiwandi, RajasthanDate of CommencementApril 28, 2026Installed...

Jindal Poly Films Receives Show Cause Notice from SEBI Regarding Corporate Governance and Disclosures Jindal Poly Films Limited has reported receiving a Show Cause Notice from the Securities and Exchange Board of India (SEBI). The notice, dated April 27, 2026, addresses observations concerning certain transactions and issues related to the company’s disclosures and corporate governance practices.The communication indicates that SEBI has issued the notice, giving the company an opportunity to file a reply to the observations noted.SEBI's concerns, as outlined in the notice, pertain to specific sections of the SEBI Act, including Sections 11(1), 11(4), 11(4A), 11B(1) and 11B(2) read with Sections 15HA and 15HB of the SEBI Act, 1992...

Teamlease Services Receives Show Cause Notice from Employees' Provident Fund Organisation Teamlease Services Limited has confirmed receipt of a Show Cause Notice (SCN) from the Employees' Provident Fund Organisation (EPFO), Ministry of Labour and Employment, Government of India. The notice, dated April 13, 2026, was received by the company on April 23, 2026.The SCN issued by the EPFO alleges certain contraventions related to the administration and management of funds by the Employees' Provident Fund Trust.The key observations raised in the notice center on four main areas: 1. Investment Losses 2. Losses on sale of Bonds and Debentures 3. Misappropriation of Reserves 4. Certain employee-related amounts flagged as recoverable, for...

MMTC Limited Reports Expiry of CMD's Term on Board of Directors MMTC Limited has confirmed the expiration of a key directorship appointment, noting that the extension status is pending from the relevant Ministry.According to the details provided, Shri Nitin Kumar Yadav, AS (MoC), has seen his term as the CMD (Additional Charge) on the Board of MMTC Limited expire on April 28, 2026.The company issued the report stating that while an extension of Shri Nitin Kumar Yadav's appointment is expected from the Ministry, official confirmation regarding this extension has not yet been received.MMTC Stock Price Movement Shares of MMTC Limited are edging higher to ₹67.33 as of 11:22 AM, rallying by 0.49% or ₹0.33 in live trading. The stock...