Markets

The Hi-Tech Gears Limited Announces Resignation of CFO and Key Managerial Personnel The Hi-Tech Gears Limited confirmed the resignation of Mr. Vinod Raheja from the roles of Chief Financial Officer and Key Managerial Personnel. The company announced the change following Mr. Raheja tendering his resignation on April 24, 2026.The company confirmed that Mr. Vinod Raheja submitted his resignation citing personal reasons. The management accepted the resignation, and he was officially relieved from his duties as CFO and KMP effective April 25, 2026.The Hi-Tech Gears Limited, which trades under the symbol HITECHGEAR with Scrip Code 522073, provided detailed information regarding the executive change.A summary of the key details of the...

HMA Agro Industries Appoints Key Senior Management Personnel Amid Organizational Restructuring HMA Agro Industries Limited has announced strategic changes in its leadership structure following approval by its Board of Directors. The Board, which met on April 25, 2026, approved the promotion and designation of several existing associates as Senior Management Personnel (SMP), effective May 01, 2026.The appointments reflect the company's focus on enhancing operational capabilities across key functional areas, including commerce, procurement, international business, and human resources.The company designated the following individuals as Senior Management Personnel:Personnel NameNew DesignationMohammad Mehmood QureshiHead -...

Jayaswal Neco Plans Rs 40.97 Crore Investment to Establish Captive Solar Power Units Jayaswal Neco Industries Limited has announced plans to invest in a Special Purpose Vehicle (SPV) of the Waaree Group to establish solar power generation facilities for its operational needs. The investment is designed to help the company procure captive solar energy for its Steel Plant Division and Chhotedongar Iron Ore Mines.Following a comprehensive technical, commercial, and financial evaluation, Jayaswal Neco Industries Limited executed a Non-binding Term Sheet with a Waaree Group entity. The proposed investment involves approximately Rs 40.97 Crores, to be deployed in one or more tranches.The goal of this investment is to enable the company to...

Ducon Infratechnologies Limited Board Approves Rs 57.5 Crore Capital Hike, Plans Shareholder Meeting Ducon Infratechnologies Limited announced that its Board of Directors held a meeting on Saturday, April 25, 2026. During the meeting, the Board considered and approved several major corporate actions, including a significant increase in the company's authorized share capital and decisions regarding outstanding loans and an upcoming Extra-Ordinary General Meeting (EGM).The Board's decisions centered on three key areas: enhancing the company's capital structure, addressing promoter loans, and convening a special meeting of shareholders.Capital Structure Enhancement The Board approved an increase in the Authorized Share Capital of Ducon...

Andhra Pradesh Pollution Board Issues Stop Production Order for ONGC's Mori Field Well Oil & Natural Gas Corporation Limited (ONGC) has been subject to a directive from the Andhra Pradesh Pollution Control Board (APPCB) regarding operations at the Mori Field. The order, received on 24.04.2026, mandated a halt to all further activities at the Mori #05 Well, citing environmental violations related to a previous incident.The APPCB issued the 'Stop Production Order' to the Mori #05 Well in the Mori Field, directing the company to immediately cease all operations. The order stems from an incident that occurred on 05.01.2026, when a well blowout, followed by a fire, took place at the site.Details of the Directive The core allegations...

Chalet Hotels Completes Tranche 1 Acquisition of Seasons Hotels Private Limited Chalet Hotels Limited has announced the successful completion of Tranche 1 regarding its acquisition of Seasons Hotels Private Limited. Following this development, Seasons Hotels Private Limited has consequently become a subsidiary of the company.The update confirms that Chalet Hotels Limited successfully concluded the initial phase of the acquisition process. This development follows earlier intimations regarding the transaction, which were provided on December 11, 2025, and April 24, 2026.The completion of Tranche 1 marks a significant operational update for Chalet Hotels Limited, integrating Seasons Hotels Private Limited into its corporate structure...

Indian Bank Extends Tenure of Executive Director Ashutosh Choudhury for Three Years Indian Bank confirmed the extension of the tenure for its Executive Director, Shri Ashutosh Choudhury. The extension was issued by the Central Government, marking a significant update to the bank's leadership structure.The Central Government has extended the tenure of Shri Ashutosh Choudhury, Executive Director, Indian Bank, for a period of three years. This new term runs beyond his currently notified end date of May 2, 2026, and remains effective until further orders, whichever is earlier.The bank confirmed that Shri Ashutosh Choudhury, Executive Director, is not related to any of the other Directors of the Bank.Furthermore, Indian Bank stated...

HPCL Rajasthan Refinery Limited Provides Update Following Crude Distillation Unit Incident Hindustan Petroleum Corporation Limited (HPCL), through its joint venture company HPCL Rajasthan Refinery Limited (HRRL), has released an update regarding the operational status following a fire incident that occurred on April 20, 2026, in the facility's Crude Distillation Unit (CDU).Detailed investigations confirmed that the fire was localized within the heat exchanger stack, impacting only six exchangers and their supporting equipment. The suspected cause of the fire has been identified as leakage from the pressure gauge tapping point on the vacuum residue exchanger inlet line.Restoration work at the refinery is currently underway. The...

Sanginita Chemicals Releases Financial Results for FY26; Reports Unmodified Audit Opinion Sanginita Chemicals Limited, a manufacturer and supplier of chemicals, announced the release of its audited financial results for the quarter and the full year ended March 31, 2026. The Board of Directors of the company took the audited financial results on record during its meeting held on April 25, 2026.The company confirmed that its operations are confined to a single segment: the Chemical Business. Furthermore, the statutory auditors issued an report declaring an unmodified opinion regarding the financial results for the year ending March 31, 2026.Financial Results Overview (Rs. in Lakhs) The company's standalone audited financial results...

Mirza International Approves Restructuring to Segregate Business Verticals Mirza International Limited announced on April 25, 2026, that its Board of Directors approved a proposed restructuring plan. The restructuring aims to evaluate the separation of the company's distinct operational verticals into one or more standalone entities.The proposed scheme is intended, among other things, to facilitate the segregation of the Company’s core business verticals. These distinct operations include manufacturing, branded retail/e-commerce, and leather processing.The company noted that the detailed terms, structure, and financial implications associated with the proposed scheme will undergo further evaluation. These comprehensive details will...

NLC India Limited Secures Composite Licenses for Chhattisgarh Mineral Blocks NLC India Limited (NLCIL), a Government of India Enterprise and 'Navratna' company, has secured the composite license for critical mineral exploration in the Balod District of Chhattisgarh. The company confirmed that it was granted the requisite licenses by the Mineral Resources Department, Government of Chhattisgarh, for both the Semhardih Phosphorite & Limestone Block and the Raipura Phosphorite & Limestone Block.NLCIL’s successful tenure began with its participation in the Tranche-V auction of Critical and Strategic Minerals, which was conducted by the Ministry of Mines. At the auction, NLCIL emerged as the Preferred Bidder for the two mineral blocks in...

Sonata Software Announces CEO Transition, Appointing Rajsekhar Datta Roy Sonata Software Limited announced significant changes to its executive leadership following its Board of Directors meeting held on April 25, 2026. The board approved the cessation of Mr. Samir Dhir as Managing Director & Chief Executive Officer and appointed Mr. Rajsekhar Datta Roy as the new Chief Executive Officer.The transition details confirm that Mr. Samir Dhir will cease and vacate office as Managing Director & Chief Executive Officer upon the expiration of his term on May 8, 2026. Correspondingly, Mr. Dhir also resigned from the position of Executive Director, effective from the close of business hours on May 8, 2026.Effective May 9, 2026, the Board...

SEBI Marks 38 Years: FM Sitharaman Directs Focus on Principles-Based Regulation and Deepening India's Bond Market Mumbai, April 25, 2026. The Securities and Exchange Board of India (SEBI) celebrated its 38th Foundation Day today, marking three decades of transformative financial governance. The high-profile event was graced by the Hon'ble Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, who addressed the gathering and laid out the regulatory roadmap for India's financial future.Chairman of SEBI, Shri Tuhin Kanta Pandey, noted the market's resilience during an unpredictable global environment. He thanked the government for the foundational reforms and recognized the collaborative efforts of exchanges...

Innovision Limited Secures Annual Contract for Manpower Supply Innovision Limited has secured a Letter of Award (LoA) for the supply of external labour sources. The order was granted by the Office of Superintending Engineer (Operation) Circle, MP East Zone Electricity Distribution Co. Ltd, Rampur, Jabalpur, on April 24, 2026.The contract award covers the supply of additional external sources of skilled, semi-skilled, and unskilled labour. The LoA No. SE/O&M/ JBP/PUR/248 confirms the agreement, which has been awarded by a domestic entity and is set to run on an annual basis.Details regarding the contract are as follows:ParticularsDetailAwarding EntityOffice of Superintending Engineer (Operation) Circle, MP East Zone...

Bharti Airtel Receives Penalty Notice from DoT Over Subscriber Verification Norms Bharti Airtel Limited announced that it received a notice from the Department of Telecommunications (DoT) concerning alleged violations of subscriber verification norms, resulting in a significant penalty. The notice was received by the company on April 24, 2026.The Department of Telecommunications, Maharashtra LSA, initiated the action following a periodic Customer Application Form Audit (CAF Audit). Under the terms of the License agreement, the company is mandated to ensure adequate verification of customers before enrolling them as subscribers and to comply with all instructions issued by the DoT.The DoT conducted the CAF Audit specifically for the...

MIC Electronics Limited Announces Audited Financial Results for the Quarter and Year Ended March 31, 2026 MIC Electronics Limited announced the audited financial results for the quarter and the year ended March 31, 2026, following the Board of Directors meeting held on April 25, 2026. The Board meeting reviewed and approved the comprehensive financial results, including segment-wise performance, along with the audited standalone and consolidated financials.The company also confirmed that the Statutory Auditors, M/s. Bhavani & Co., issued an Audit Report expressing an 'Unmodified Opinion' on the Standalone and Consolidated Financial Results and statements for the year ended March 31, 2026.Financial Highlights and Segment Performance...

Sikko Industries Limited Managing Director Receives Prestigious Shresth Ratna Award for Contributions to Agro Chemicals Sikko Industries Limited announced that its Managing Director, Mr. Jayantibhai Mohanbhai Kumbhani, has received the distinguished 'SHRESTH RATNA AWARD'. The accolade was presented at the 'NAVRATNA AND BHARAT KE SHRESTH RATNA GUJARAT SE AWARDS' ceremony, acknowledging his outstanding contributions to the agrochemicals and fertilizers industry.The prestigious award was conferred during an event organized by Divya Bhaskar at the Hyatt Regency in New Delhi. Mr. C. R. Patil, Hon'ble Union Minister of Jal Shakti, Government of India, presented the award to Mr. Kumbhani.The recognition highlights his significant role in...

IDFC First Bank Approves Annual ESOP Grant and Appoints Pankaj Singh as Chief Human Resources Officer IDFC First Bank Limited announced key strategic decisions following its recent Board of Directors meeting. The Bank approved an annual grant of equity stock options for the Financial Year 2025-26 and announced a change in its senior management structure, elevating Mr. Pankaj Singh to the role of Chief Human Resources Officer (CHRO).The Board's annual reward strategy approved the grant of 3,50,00,000 equity stock options to eligible employees. These options are intended to reward, incentivize, and retain talent based on performance. Under the plan, the options will vest equally over a four-year period (25% each year), with an exercise...

Axis Bank Approves 32nd AGM, Sets Record Date for Final Dividend Payment Axis Bank Limited announced that its Board of Directors, during a meeting held on April 25, 2026, approved key operational dates concerning its Annual General Meeting (AGM) and the payment of dividends. The bank's board determined the schedule for the 32nd Annual General Meeting and fixed the necessary record date for shareholders eligible to receive the dividend.The Board of Directors approved the convening of the 32nd Annual General Meeting of the Bank. This meeting is scheduled to take place on Friday, July 31, 2026, and will be conducted through Video Conference or other Audio-Visual Means.Additionally, the board fixed Friday, July 10, 2026, as the record...

Fujiyama Power Systems Approves Acquisitions of Stakes in Zayo Energy and Zayo Cables Fujiyama Power Systems Limited announced that its Board of Directors approved the acquisition of stakes in two associate companies, Zayo Energy Private Limited and Zayo Cables Private Limited. Consequent to these acquisitions, both entities will become associated companies of Fujiyama Power Systems Limited.The transaction involves acquiring 31% of the paid-up equity share capital in both companies.Acquisition of Zayo Energy Private Limited (ZEPL) Zayo Energy Private Limited (ZEPL) is a private limited company engaged in the manufacturing of various solar panel components, including EVA sheets, junction boxes, and backsheets. The proposed...