Markets

Arvind Fashions Limited Reports Resignation of Chief Supply Chain Officer, Rajat Arora Arvind Fashions Limited announced the resignation of Mr. Rajat Arora, the Chief Supply Chain Officer, which is effective from May 22, 2026. Mr. Arora's departure marks the exit of a senior management personnel member from the company.According to the company, Mr. Rajat Arora submitted his resignation citing personal reasons.The details concerning the change in senior management personnel are summarized below:ParticularsDetailPersonnelMr. Rajat AroraPositionChief Supply Chain OfficerStatusResignationReasonPersonal reasonsEffective Date of CessationClose of business hours on May 22, 2026ARVINDFASN Stock Price Movement Today...

Escorts Kubota Launches Three New Tractor Models Under Digitrac Series Escorts Kubota Limited announced the launch of three new tractor models under its Digitrac Series in the Agri-Machinery Business Segment. The new line of tractors falls within the 45-55 HP Range and operates under the 'Powertrac' Brand.The product launch occurred on April 27, 2026. These new tractors are designed to cater specifically to the domestic market.The newly introduced products are listed below:Product NameCategoryModel DetailsDigitrac PP41iTractor45-55 HP Range (Powertrac Brand)Digitrac PP43i PlusTractor45-55 HP Range (Powertrac Brand)Digitrac PP46iTractor45-55 HP Range (Powertrac Brand)The company confirmed that the launch was executed...

Adani Total Gas Announces FY26 Results, Recommends Dividend of Rs. 0.25 Per Share Adani Total Gas Ltd. released its audited financial results for the quarter and financial year ended March 31, 2026. The company also announced the recommendation of a dividend for the financial year 2025-26 and scheduled its upcoming Annual General Meeting.The company confirmed that the Board of Directors, during its meeting on April 27, 2026, approved the audited financial results for both the standalone and consolidated entity.Dividend Recommendation and AGM Details The Board of Directors recommended a final dividend of Rs. 0.25 (Rupees twenty-five paisa only) per Equity Share of face value of Re.1/- each for the Financial Year 2025-26. This...

Shree Renuka Sugars Receives Penalty Orders Regarding Input Tax Credit Issues Shree Renuka Sugars Limited recently reported receiving penalty orders from the Assistant Commissioner of CGST & Central Excise, Belagavi City Division, Belagavi, Karnataka. The orders concern alleged contraventions relating to Input Tax Credit (ITC) during the Financial Year 2018-2022.The department issued two separate orders, detailing violations and associated penalties.Penalty Order DetailsSpecific Violation/AllegationPenalty AmountDate of Order ReceiptOrder 1Failure to reverse ITC on damaged goods against which insurance claim was received.Rs. 10,53,089/-December 4, 2025Order 2Availing excess ITC on blocked credit.Rs. 1,41,74,831/-December 4...

Umiya Buildcon Limited Approves FY 2026-27 Results and Conducts Board Meeting Umiya Buildcon Limited, formerly known as MRO-TEK Realty Limited, held its Board of Directors meeting on April 27, 2026. During the meeting, the company considered and approved the audited Standalone and Consolidated financial results for the quarter and year ended March 31, 2026.In addition to reviewing the financial statements, the board addressed key governance matters, including recommending the appointment of Messrs. Ishwar and Gopal, Chartered Accountants, as Statutory Auditors for a five-year period at the ensuing Annual General Meeting (AGM). The board also recommended the re-appointment of Mrs. Neela Manjunath as an Independent Director for a second...

RBI Extends Operational Directive for Lokapavani Mahila Bank: Key Timeline Details Inside RBI Extends Mandate for Lokapavani Mahila Sahakari Bank The Reserve Bank of India (RBI) has issued an extension of its operational directive for the Lokapavani Mahila Sahakari Bank Niyamitha, Mandya. The decision was published in a press release dated April 27, 2026, confirming the regulatory body's continued oversight of the bank's operations.The extension was issued under the powers vested in the RBI by Section 35A read with Section 56 of the Banking Regulation Act, 1949. This directive was initially issued via Directive No. BLR.DOS.SSMS.No.S628/09-01-242/20252026 on July 29, 2025.New Operational Timeline Set Until October 2026 The RBI...

Mahindra & Mahindra Completes Acquisition of Additional Stake in Carnot Technologies Mahindra & Mahindra Limited announced the completion of an acquisition of an additional stake in Carnot Technologies Private Limited, a subsidiary of the company. The transaction significantly increases Mahindra & Mahindra's controlling interest in the technology firm.Carnot Technologies Private Limited, which specializes in developing, manufacturing, and deploying internet-connected devices and associated platforms for monitoring vehicle and equipment performance, is a subsidiary of Mahindra & Mahindra Limited. Previously, Mahindra & Mahindra Limited held a 52.69% stake in the paid-up equity share capital and 100% of the paid-up preference share...

Pearl Green Clubs and Resorts Ltd Announces Independent Director Resignation Following Board Meeting Pearl Green Clubs and Resorts Ltd recently reported the outcome of its Board Meeting held on April 24, 2026. The meeting focused on the declaration of the Audited Financial Results for the half year and the financial year ended March 31, 2026, along with several related corporate matters.The company confirmed a key change in its board composition with the resignation of Ms. Sayli Akshay Shelke from her position as Independent Director.Ms. Shelke formally tendered her resignation as Director of Pearl Green Clubs and Resorts Limited, effective April 23, 2026. In her resignation letter, she attributed her decision to personal...

RBI Slaps ₹3.30 Lakh Penalty on Janakalyan Sahakari Bank for Critical Breach of Group Lender Exposure Rules The Reserve Bank of India (RBI) has imposed a significant monetary penalty on Janakalyan Sahakari Bank Limited, Mumbai. The action targets the bank's non-compliance with directives related to exposure limits set for group borrowers. This ruling underscores the RBI's stringent oversight of prudential lending norms within the banking sector.By order dated April 24, 2026, the RBI levied a penalty of ₹3.30 lakh (Rupees Three Lakh Thirty Thousand only). This penalty was assessed in exercise of powers granted under the Banking Regulation Act, 1949.Breach of Prudential Group Exposure Norms The core finding of the RBI relates to the...

On Door Concepts Addresses Board Concerns Over NSE Penalty Following Non-Compliance On Door Concepts Limited has addressed a notice from the National Stock Exchange of India (NSE) concerning non-compliance with listing regulations for the period ended March 31, 2026. The company submitted a board comment regarding the fine levied by the Exchange.The attached financial details show the calculation of the payable fine. For the non-compliance identified under Regulation 29(2)/29(3) for March 31, 2026, the total payable fine, inclusive of GST @18%, amounts to INR 11,800.RegulationMonthFine amount per day/ instance (Rs.)No. of day(s) /No. of Instance(s)Fine amount (Rs.)REGULATION 29(2)/29(3)31-Mar-202610000110000Total FineTotal...

Heranba Industries Limited to Receive ₹450 Crores in OFCDs from Wholly Owned Subsidiary On April 27, 2026, Heranba Industries Limited announced a major internal debt restructuring involving its wholly owned subsidiary, Heranba Organics Private Limited (HOPL). The transaction involves HOPL issuing Optionally Fully Convertible Debentures (OFCDs) to the parent company, thereby converting an existing unsecured inter-corporate deposit (ICD).Under the agreed terms, Heranba Organics Private Limited committed to allotting 45,00,00,000 Optionally Fully Convertible Debentures (OFCDs) to Heranba Industries Limited. These debentures carry a face value of ₹10 each and are issued at par. The total value of the transaction amounts to ₹450 Crores...

DMCC Speciality Chemicals Limited Confirms Status: Not Classified as 'Large Corporate' DMCC Speciality Chemicals Limited, previously known as The Dharamsi Morarji Chemical Company Limited, has confirmed its current corporate status, clarifying that the entity does not fall under the definition of a "Large Corporate." This information was reported on April 27, 2026.The company provided details regarding its financial structure and credit standing, confirming its current status within the market.Based on the details provided, the following operational and financial data for DMCC Speciality Chemicals Limited were reported:ParticularsDetailsCompany NameDMCC Speciality Chemicals Limited (Formerly known as "The Dharamsi Morarji...

Anand Rathi Brokers Restore Shares Worth Approximately Rs. 12.15 Crores Following Fraud Recovery Anand Rathi Share And Stock Brokers Ltd announced that it has restored shares aggregating to approximately Rs. 12.15 crores. This action follows the reporting of an off-market transfer of shares previously noted in February 2026.The company stated that the re-transfer of these shares was completed by re-transferring them to a Pune based client. This action was carried out in accordance with the directions issued by Central Depository Services (India) Limited (CDSL) and aims to maintain a positive relationship with the client.Financial Details of the Recovery The financial impact of the incident is specified as being limited to the amount...

RBI Mandates Global Transparency: AD Banks Must Report All INR Derivatives Transactions to Curb FX Volatility The Reserve Bank of India (RBI) has finalized crucial directions regarding foreign exchange market oversight. The latest instructions specifically mandate heightened reporting requirements for Authorised Dealer Category-I banks. This move aims significantly to enhance overall transparency within the Indian foreign exchange market.Scope of New Reporting Mandates for AD Banks The primary focus of the new directive is the tracking of foreign exchange derivative transactions. These reports must specifically cover transactions involving the Indian Rupee (INR).Crucially, the reporting requirement extends beyond domestic...

Balaji Amines Ltd. Reports Gradual Restart of Production Following Improvements in Ammonia Supply Balaji Amines Ltd. announced an update on its manufacturing operations, stating that the company is gradually restarting the production of various amine-based products following improvements in the global raw material supply chain.The company noted that its plants had previously been placed in a partially non-operational phase, following an earlier disclosure regarding the disruption in the supply of Ammonia, which was attributed to the ongoing geopolitical conflict in the Middle East.In its latest communication, Balaji Amines Ltd. reported that the global ammonia supply chain is dynamic due to the continuing West Asia conflict...

Rossari Biotech Limited Approves Final Dividend, Notes Director Appointment, and Reschedules Capacity Expansion Rossari Biotech Limited announced several key approvals following its Board Meeting held on April 27, 2026. The company approved its audited financial results and statements for the quarter and the full financial year ended March 31, 2026. Additionally, the Board recommended a final dividend, approved the allotment of equity shares under the ESOP 2019, and updated its strategic plans for facility expansion.Financial Results and Dividend Recommendation The Board of Directors reviewed and approved the audited financial results and statements for the quarter and the financial year ended March 31, 2026, along with the Statutory...

International Gemmological Institute to Rebrand as International Gemological Institute Limited International Gemmological Institute (India) Limited has announced a change in its corporate name. The name change is set to be effective from May 04, 2026.The company's trading symbol will remain IGIL. According to the details provided, the entity will transition from International Gemmological Institute (India) Limited to the International Gemological Institute Limited.The change in name is scheduled to take effect on May 04, 2026. The operational details of the name transition are presented below:SymbolExisting NameNew NameIGILInternational Gemmological Institute (India) LimitedInternational Gemological Institute LimitedIGIL...

Vels Film International Appoints Auditors for Financial Year 2025-26 Following Board Meeting Vels Film International Limited announced that its Board of Directors, during a meeting held on April 27, 2026, approved key appointments for the financial year 2025-26, overseeing corporate governance and audit functions.The board meeting commenced at 04:30 P.M. and concluded at 05:10 P.M. The primary decisions related to the appointment of both Secretarial and Internal Auditors for the current financial cycle.Based on the recommendations from the Audit Committee, the board appointed M/s. Chitra Lalitha & Associates, Practising Company Secretaries, Chennai, to conduct the Secretarial Audit for the financial year 2025-26.Furthermore, the...

NTPC Clarifies Nuclear Power Project Plans in Bihar, Confirms Preliminary Exploration NTPC Limited, the power generation company, issued a clarification regarding media reports about establishing nuclear power units in Bihar. The company addressed speculation surrounding a news article titled 'NTPC exploring 2 nuclear power units of 1,400 MW in Banka district of Bihar.'According to the clarification, NTPC stated that it has not yet commenced any feasibility studies for establishing a Nuclear Power Project in Bihar.However, NTPC affirmed that in the normal course of its business and long-term planning, the company continuously explores and evaluates multiple options and possible locations as part of its growth and diversification...

Sudarshan Chemical Industries Allots Equity Shares Under Stock Option Plan Sudarshan Chemical Industries Limited announced the allotment of equity shares to its grantees. The allotment was approved by the Company's Allotment Committee, which held its meeting on April 27, 2026.The allocation pertains to the exercise of options under the Sudarshan Employee Stock Option Plan 2018.The Allotment Committee approved the allotment of 15,640 equity shares, each with a face value of Rs. 2/-.The newly issued shares are listed on both BSE Limited and the National Stock Exchange of India Limited.The allotment details, including the financial impact and issuance parameters, are summarized below:ParameterDetailValueAllotted SharesNumber...