Markets

Railtel Corporation Secures Major Order of Rs 1,45,47,09,192 from Eastern Coalfields Limited Railtel Corporation of India Ltd. has secured a Letter of Acceptance (LoA) from Eastern Coalfields Limited (ECL), marking the successful award of a major domestic contract.The order covers the provision of critical communication infrastructure services, including MPLS-VPN, Internet Leased Line (ILL), Video Conferencing (VC), and Managed Bandwidth Services (MBS) for Eastern Coalfields Limited.The LoA, which was received on April 27, 2026, outlines a substantial commitment for the company. The total estimated size of the order, including tax, amounts to Rs 1,45,47,09,192/-.The services are designated as domestic in nature, with the contract...

Orient Green Power Completes 9.9 MW Wind Turbine Commissioning in Tamil Nadu Orient Green Power Company Limited successfully completed a significant capacity expansion through its subsidiary, Gamma Green Power Private Limited. The achievement involves the full commissioning of 9.9 MW of Wind Turbine Generators (WTGs) in the Tiruchirappalli District of Tamil Nadu.The capacity addition was realized following an Engineering, Procurement and Construction (EPC) Contract signed with Renfra Energy India Limited (formerly Renfra Energy India Private Limited). The scope of work was to set up three 3.3 MW WTGs, aggregating to a total capacity of 9.9 MW, on a turnkey basis.Previously, the commissioning progress was reported in stages. The...

Prataap Snacks Limited Announces Board Outcomes, Financial Results, and Dividend Recommendation Prataap Snacks Limited today announced the outcomes of its Board of Directors meeting held on April 27, 2026. The Board reviewed and approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a final dividend. Additionally, the Board approved the allotment of shares to eligible employees under its Stock Appreciation Rights Plan.Financial Performance for FY 2026 The Company released its audited financial results for the year ended March 31, 2026. Management noted that the financial results reflect the performance of the company, which continues to operate primarily as the "Snacks Food" segment.The...

The Phoenix Mills Limited Re-appoints N. A. Shah Associates LLP as Internal Auditor for FY 2026-27 The Phoenix Mills Limited announced that its Board of Directors approved the re-appointment of N. A. Shah Associates LLP, Chartered Accountants, as the company's Internal Auditor for the financial year 2026-27. The decision was formalized during a meeting of the Board held on April 27, 2026.During the board meeting, the directors confirmed the re-appointment of N. A. Shah Associates LLP to the role of Internal Auditor for the upcoming financial year.The details regarding the re-appointment and the firm's profile were provided in an annexure detailing the key aspects of the appointment.Internal Auditor Appointment Details...

Fabtech Technologies Board Approves Financial Results, Recommends Dividend, and Plans Expansion into Oman Fabtech Technologies Limited announced several key corporate developments following its Board meeting held on April 27, 2026. The Board approved the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, and recommended a final dividend for its shareholders. The company also authorized the establishment of a Step-Down Subsidiary in the Sultanate of Oman.In its decision regarding shareholder returns, the Board recommended a final dividend of ₹ 0.60 per equity share, each having a face value of ₹ 10/-.Major Corporate Developments The company authorized the opening of a Step-Down...

Jagsonpal Pharmaceuticals Announces Q4 and Full Year Results for FY26 Jagsonpal Pharmaceuticals Limited has announced its audited financial results for the quarter and the full year ended March 31, 2026. The company reported robust growth across its key metrics, highlighted by a 10% acceleration in revenue during the fourth quarter (Q4FY26) and a significant increase in net profits for the fiscal year 2026 (FY26).Financial Performance Review The financial data for the quarter and full year is presented below, showing solid year-over-year (YoY) growth momentum.MetricQ4FY26 (₹ Mn)Q4FY25 (₹ Mn)YoY% Q4FY26 (₹ Mn)FY25 (₹ Mn)YoY% FYRevenue from Operations6425869.6%2,8722,6876.9%Operating EBITDA106978.9%6095795.2%EBITDA...

Dharani Sugars Seeks Reconsideration and Extension Following Settlement Application Rejection Dharani Sugars and Chemicals Limited has approached the Securities and Exchange Board of India (SEBI) seeking reconsideration of a settlement application rejection and an extension period for submitting revised settlement terms.The Company received a letter dated April 20, 2026, from SEBI, which intimated the rejection of a settlement application previously filed by Dharani Sugars and Chemicals Limited.The rejection related to an application initially filed concerning alleged violations of SEBI regulations. The Company noted that an Internal Committee meeting regarding the matter was held on February 26, 2026, where an indicative Amount was...

Punjab & Sind Bank Approves FY2025-26 Dividend Recommendation at Board Meeting Punjab & Sind Bank (PSB) announced that its Board of Directors held a meeting on April 27, 2026, where it considered and approved the audited financial results for the quarter and the year ended March 31, 2026. The board also recommended a dividend for the fiscal year 2025-26, subject to subsequent shareholder approval at the Annual General Meeting.The bank recommended a dividend of Rs. 0.39 per equity share, representing 3.90% of the face value of Rs. 10 each, for the period 2025-26.The bank also provided other related operational details, including an unmodified opinion on the audit report, confirmation that the deviation/variation in utilization of...

Anant Raj Limited to Acquire Remaining Stake in Romano Projects, Creating Wholly Owned Subsidiary On April 27, 2026, Anant Raj Limited announced that its Finance and Investment Committee approved an additional investment in Romano Projects Private Limited. The investment involves the acquisition of 12,500 fully paid-up equity shares, representing 25% of the paid-up equity share capital of the Target Company. Following this acquisition, Romano Projects Private Limited will become a Wholly Owned Subsidiary of Anant Raj Limited.The committee meeting, held on Monday, April 27, 2026, considered and approved the acquisition from the existing equity shareholder of Romano Projects Private Limited.The transaction details confirm that the...

HMT Limited Appoints Ms. Nigar Fatima Husain as Government Nominee Director HMT Limited has appointed Ms. Nigar Fatima Husain as a Government Nominee Director on its Board of Directors, effective April 27, 2026.The appointment names Ms. Nigar Fatima Husain, Additional Secretary & Financial Advisor, Ministry of Heavy Industries (MHI), as the Government Nominee Director on the Board of Directors of HMT Limited, with immediate effect and until further orders. She replaces Shri. Asit Gopal, SS&FA, in this capacity.Ms. Nigar Fatima Husain, who is an Indian Defence Estates Service Officer of the 1996 batch, is currently posted as Additional Secretary & Financial Advisor for both the Ministry of Commerce & Industry and the Ministry of...

The Phoenix Mills Announces Annual Results and Recommends Final Dividend of Rs. 2.50 Per Share The Phoenix Mills Limited announced that its Board of Directors, in a meeting held on April 27, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board also recommended a final dividend of Rs. 2.50 per equity share, with a face value of Rs. 2 per share.During the meeting, the Company also ratified the re-appointment of N. A. Shah Associates LLP, Chartered Accountants, as Internal Auditor for the financial year 2026-27.Financial Results for March 31, 2026 The financial results for the period ending March 31, 2026, show total comprehensive income for the...

Astec LifeSciences Announces Q4 FY26 and FY26 Consolidated Financial Results Astec LifeSciences Limited announced its consolidated financial results for the fourth quarter and the full year ended March 31, 2026.Q4 FY26 and FY26 Performance Summary According to the company, the consolidated financial performance showed a notable increase in top-line revenue across both the quarter and the full fiscal year.Q4 FY26 Financial Highlights The company reported consolidated total income of ₹161.3 crore in Q4 FY26, an increase from ₹120.3 crore reported in Q4 FY25. Consolidated EBITDA for the quarter stood at ₹11.8 crore in Q4 FY26, up significantly from ₹6.3 crore in Q4 FY25. The reported Loss after tax for Q4 FY26 was ₹7.7 crore, compared...

Samvardhana Motherson International Limited to Acquire 49% Stake in Vacuform 2000 Proprietary Limited The Board of Directors of Samvardhana Motherson International Limited (SAMIL) approved the acquisition of a 49% stake in Vacuform 2000 Proprietary Limited from its initial promoters. The transaction is structured through SAMIL’s 100% step down subsidiary, MSSL Global RSA Module Engineering Limited (MSSL RSA).Vacuform 2000 Proprietary Limited, which operates in the manufacturing of Vacuum forming and Blow Moulded parts for automotive customers, is located in South Africa. The acquisition will enable SAMIL to secure full strategic and operational control over the target entity.Post-completion of the acquisition, SAMIL is expected to...

Anand Rathi Wealth Limited Releases BRSR for FY 2025-26, Highlights ESG Commitments Anand Rathi Wealth Limited (ARWL) has published its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report reflects the company’s commitment to integrating Environmental, Social, and Governance (ESG) principles into its business strategy, positioning itself as a responsible wealth solution provider.The report emphasizes that sustainable growth and ethical financial practices are central to the company’s operations, reflecting continuous efforts towards financial transparency and creating long-term value for all stakeholders.Corporate Profile and Financial Overview Anand Rathi Wealth Limited, incorporated...

J. K. Cement Limited Invests in Truere Guj SPV to Boost Renewable Energy Portfolio J. K. Cement Limited announced an investment in Truere Guj SPV Private Limited, aiming to strengthen the company's long-term renewable energy strategy. The investment transaction was executed through a Share Subscription and Shareholders' Agreement (SSHA).Under the agreement, J. K. Cement Limited subscribed to 32,76,000 equity shares of Truere Guj SPV Private Limited. The details of the investment are as follows:MetricDetailNumber of Shares Subscribed32,76,000 equity sharesFace ValueRs. 10/- per equity sharePremium PaidRs. 2.88 per equity shareTotal Aggregate Investment ValueRs. 4,22,21,400Stake Acquired26% of the equity share capital...

Jagsonpal Pharmaceuticals Announces FY Results and Recommends Rs. 4 Dividend Per Share Jagsonpal Pharmaceuticals Limited announced its audited (standalone) financial results for the quarter and year ended March 31, 2026. Following the Board of Directors meeting on April 27, 2026, the company also recommended a final dividend of Rs. 4/- per equity share for the fiscal year 2025-26.The company confirmed that the results presented for the year ended March 31, 2026, have been audited by the statutory auditors, Walker Chandiok & Co LLP. The auditors provided an opinion that the financial results give a true and fair view of the net profit after tax and other comprehensive income in conformity with applicable Indian Accounting Standards...

Samvardhana Motherson International Ltd. Acquires 51% Stake in Nissin India The Board of Directors of Samvardhana Motherson International Limited (SAMIL) approved the acquisition of a 51% equity stake in Nissin Advanced Coating Indo Co. Private Limited ('Nissin India') from Nissin Electric Co. Ltd, Japan. The approval was reached during a Board meeting held on April 27, 2026, and is subject to the satisfactory completion of requisite conditions precedent.Following the acquisition, SAMIL is set to hold 100% of the equity share capital of Nissin India. This complete ownership will be structured through SAMIL and its wholly owned subsidiary, Samvardhana Motherson Innovative Solutions Limited, in a ratio of 51% and 49%, respectively...

City Union Bank Opens Thirteen New Branches, Reaches 1000-Branch Milestone City Union Bank Limited announced the opening of thirteen new branches effective April 27, 2026. The expansion marks a significant milestone for the bank, bringing its total network of operational branches to 1000.The new outlets are spread across various locations in Tamil Nadu, Karnataka, Maharashtra, and New Delhi, expanding the bank's physical reach and service network for customers.The thirteen newly opened branches include:Sl No.Branch NameBranch No.IFSC CodeAddress1Abids98800993G-01, G.H.M.C. No.4-1-B9BiG1, Ground Floor, Lala II Oasis Plaza, Tilak Road, Abids, Hyderabad - 500 001, Telangana2Vallampadugai98900994Door No. 11453, First Floor...

Jagsonpal Pharmaceuticals Board Recommends Dividend of Rs. 4 Per Share for FY2025-26 Jagsonpal Pharmaceuticals Limited announced that its Board of Directors, at a meeting held on April 27, 2026, recommended a dividend for the financial year ended March 31, 2026.The company confirmed that the Board recommended a dividend of Rs. 4/- per equity share. This recommendation equates to 200% of the face value of the equity share, which stands at Rs. 2/-.The company stated that the proposed dividend shall be payable after receiving approval from the shareholders at the 47th Annual General Meeting.Jagsonpal Pharmaceuticals noted that the record date and the tentative date of payment for the dividend will be communicated separately...

Regional Director Orders Indian Metals & Ferro Alloys Over Compounding Fee for FY 2019-20 to FY 2020-21 Indian Metals & Ferro Alloys Limited reported receiving an order from the Ministry of Corporate Affairs regarding the compounding of offences under the Companies Act, 2013. The order, issued by the Regional Director (South East Region), Hyderabad, pertains to the financial years 2019-20 and 2020-21.The directive stated that an aggregate compounding fee of Rs 15,00,000/- was levied on the company’s Key Managerial Persons (KMPs). The fee covers the period from the Financial Year (FY) 2019-20 to FY 2020-21, under Section 441 read with Section 129 of the Companies Act, 2013.The company received the order, dated April 23, 2026, on...