Markets

Central Government Extends Tenure of Bank of Baroda CEO, Debadatta Chand The Central Government has extended the tenure of Shri Debadatta Chand, Managing Director and Chief Executive Officer of Bank of Baroda. The extension was announced via a notification dated April 23, 2026.Under the directive, the tenure of Shri Debadatta Chand, who was born on January 31, 1971, has been extended for a period of three years. This extension goes beyond his previously notified term, which was set to expire on June 30, 2026. The new tenure remains in effect until further orders, whichever comes earlier.The extension was made in accordance with provisions governing the management and tenure of the bank's leadership.The timeline for the CEO's...

GV Films Ltd Board Approves Up to ₹95 Crores Loan, Shifts Registered Office GV Films Ltd announced key decisions made during its Board of Directors meeting held on Thursday, April 23, 2026. The Board approved significant financial assistance, the shifting of the company’s registered office, and updated corporate contact details.Financial Assistance and Authorization The Board approved the availing of financial assistance up to INR 95 Crores (Rupees Ninety-Five Crores only). This assistance is intended to be sourced from M/s Sanctum Trading Corporation Private Limited. The terms and conditions for this financial aid are subject to mutual determination by the Board of Directors of GV Films Ltd and M/s Sanctum Trading Corporation Private...

Wipro Grants Restricted Stock Units Under 2024 Employee Scheme Wipro Limited announced on April 23, 2026, the grant of Restricted Stock Units (RSUs) to identified employees across the company and its subsidiary. The units were granted under the Company's Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024.The total grant includes ADS Restricted Stock Units and standard Restricted Stock Units, becoming effective immediately on April 23, 2026.The units granted are detailed as follows:Unit Type Quantity GrantedADS Restricted Stock Units 1,51,659Restricted Stock Units 68,627The grant of units is governed by the terms approved by the Nomination and Remuneration Committee of the Board...

Innovassynth Technologies Fixes Record Date and Details Rights Issue for ₹ 69.64 Crore Fundraise Innovassynth Technologies (India) Ltd announced that its Rights Issue Committee approved the terms for raising funds through a rights issue, setting the Record Date for April 29, 2026. The company had previously sought approval to raise funds aggregating up to ₹ 70,00,00,000 (Rupees Seventy Crores only) through a rights issue.The Rights Issue Committee meeting, held on April 23, 2026, fixed April 29, 2026, as the Record Date. This date is designated for identifying eligible shareholders for the issuance of fully paidup equity shares.According to the committee's approval, the company plans to issue 1,74,11,380 fully paidup Equity Shares...

Lloyds Entities Acquire Significant Stake in Bharat Wire Ropes Limited Lloyds Metals and Energy Limited (LMEL), along with its associate, Lloyds Enterprises Limited (LEL), has acquired a substantial stake in Bharat Wire Ropes Limited (BWRL). The acquisitions took place on Friday, April 17, 2026.The combined entity, acting together, significantly increased its holding in BWRL. Prior to the acquisition, the combined holding was reported at 0.46% of the company's Paid-Up Share Capital / Voting Rights. Following the acquisition, the combined stake rose to 5.77% of the Paid-Up Share Capital / Voting Rights of the company.The detailed acquisition figures show that LMEL and LEL executed the purchases through the market.According to the...

Saatvik Green Energy Acquires 80% Stake in Melcon Transformers to Boost Power Equipment Manufacturing Saatvik Green Energy Limited has initiated a strategic move into power equipment manufacturing by acquiring an 80% equity stake in Melcon Transformers and Electricals Private Limited. The Share Purchase Agreement was executed on April 23, 2026.Melcon Transformers and Electricals Private Limited, based in Jaipur, is a specialized manufacturer of transformers operating in the critical power ecosystem. Incorporated in 2005, Melcon's operations include designing and manufacturing diverse transformers, including oil-type, dry-type, auxiliary, and energy-efficient models. Its product range caters to various industrial and utility needs...

Swati Projects Ltd to Appoint Ravi Todi as New Chief Executive Officer Swati Projects Ltd announced that its Board of Directors is scheduled to meet on May 2, 2026, at 3:30 PM, to consider a significant management change.The primary item on the agenda is the approval of Mr. Ravi Todi's appointment as the company's Chief Executive Officer (CEO). The appointment is set to be effective starting May 2, 2026.In addition to the appointment, the Board also intends to authorize a director or an authorized person to sign and file necessary documents, including Form DIR-12, with the Registrar of Companies (ROC). This action pertains specifically to formalizing the CEO's appointment.Stock Price Movement Swati Projects Ltd shares settled at...

Blue Cloud Softech Solutions to Consider NSE Direct Listing Application at Board Meeting Blue Cloud Softech Solutions Ltd announced that its Board of Directors is scheduled to meet on Thursday, April 30, 2026, at 4:00 p.m. at the company’s registered office. The meeting agenda includes considering and approving the application to the National Stock Exchange of India Limited (NSE) for listing the company’s entire issued, subscribed, and paid-up equity share capital.The proposed listing would take place on the NSE Main Board under the Direct Listing Route, which is available to companies already listed on a recognized stock exchange. The board is also authorized to take all necessary actions required for this listing.In addition to...

Bank of Baroda Appoints Vivek Agarwal as Head - Legal & RTI Bank of Baroda has announced the appointment of Vivek Agarwal as the new Head - Legal & RTI. The appointment took effect on April 23, 2026.The company provided details regarding the change in Senior Management Personnel (SMP) within the bank structure.The key details of the personnel change are as follows:Detail InformationName of the SMP MR AGARWAL VIVEKDesignation of SMP HEAD - LEGAL & RTIReason for change APPOINTMENTDate of Appointment 23.04.2026Mr. Agarwal possesses a strong academic and professional background, making him an experienced addition to the bank's leadership team. He is a law graduate and holds a Master Degree in Business Law...

Tata Power Incorporates Wholly-Owned Subsidiary TP Urja in the Power Sector Tata Power Company Limited has successfully incorporated a wholly-owned subsidiary, TP Urja Limited, marking a strategic expansion into the power and energy services sector.The new entity, TP Urja Limited, has been incorporated in the Power Sector and is tasked with providing power and energy services while undertaking activities related to other forms of energy.Key Details of TP Urja Limited TP Urja Limited was incorporated on April 22, 2026, under the provisions of the Companies Act, 2013, and maintains its registered office in the State of Maharashtra, India. The company’s initial operational capital structure is reported as follows:Particulars Detail...

Aurum PropTech Ltd Allots 77,667 Shares Under Employee Stock Option Plan Aurum PropTech Ltd announced that its Board of Directors allotted equity shares to employees in a meeting held on April 23, 2026. The allotment was made under the provisions of the Aurum PropTech Employee Stock Option Plan 2021.During the Board meeting, the Company allotted a total of 77,667 equity shares, with each share having a face value of Rs. 5/-. This action marks the implementation of the ESOP designed for employees of Aurum PropTech Ltd.AURUM Stock Price Movement Today, Aurum PropTech Limited shares edged higher, closing at ₹189.88 after gaining 0.56%. The stock saw notable investor interest throughout the day, recording a total volume of 1.53 million...

CIE Automotive India Limited to Absorb CIE Aluminium Casting India Limited in Merger CIE Automotive India Limited has approved a Scheme of Merger for the amalgamation of CIE Aluminium Casting India Limited into the company. The merger by way of absorption aims to consolidate the business operations of both entities, creating a stronger, integrated market presence.The Board of Directors of CIE Automotive India Limited approved the Scheme of Merger on April 23, 2026. The amalgamation involves CIE Aluminium Casting India Limited (the Transferor Company) merging with CIE Automotive India Limited (the Transferee Company).Since CIE Aluminium Casting India Limited is a wholly owned subsidiary of CIE Automotive India Limited, the merger...

H.G. Infra Engineering Ltd Completes Sale of 100% Stake in H.G. Raipur Visakhapatnam OD-6 H.G. Infra Engineering Limited announced the transfer of its entire equity stake in its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited. The company reported that on April 23, 2026, it transferred its 100% equity stake, aggregating 11,37,750 Equity Shares, to Neo Infra Income Opportunities Fund.With the completion of this transfer, the company confirmed that H.G. Raipur Visakhapatnam OD-6 Private Limited ceases to be a subsidiary of H.G. Infra Engineering Limited.Transaction Details and Consideration The sale of the subsidiary was executed following a Securities Purchase Agreement entered into on November 06, 2025. The...

Tandhan Industries Limited Seeks Shareholder Approval for Key Appointments, Group Loans, and RPTs Tandhan Industries Limited, formerly known as Sanmitra Commercial Limited, is seeking shareholder approval via a Postal Ballot Notice for several crucial corporate actions, including the appointment of multiple directors, sanctioning group loans, and approving material related party transactions (RPTs).The proposed resolutions cover appointments for various key roles and seek authorization for financial assistance and related party dealings during the financial year 2026-27.Key Director Appointments The notice proposes the appointment of six individuals to the Board of Directors, with specified tenures and remuneration structures. The...

Ajmera Realty & Infra India Ltd Receives CRISIL Rating for Long Term Bank Loans Ajmera Realty & Infra India Ltd has been assigned a credit rating by CRISIL Ratings Limited for its bank facilities. The rating was assigned on April 23, 2026.CRISIL Ratings assigned the company a rating of CRISIL A-/Stable for the Long Term (Bank Loan) rating.The rating covers total bank loan facilities amounting to Rs. 500 Crore. The specific ratings for the company’s outstanding debt instruments are detailed below:Facility ClassBank NameAmount (Rs. in Crore)RatingTerm LoanYES Bank Limited75Crisil A-/StableTerm LoanStandard Chartered Bank230Crisil A-/StableTerm LoanICICI Bank Limited195Crisil A-/StableTotal Bank Loan Facilities Rated...

Saurashtra Cement Ltd to Hold Board Meeting on May 12, 2026, to Review Quarterly and Annual Results Saurashtra Cement Ltd announced that its Board of Directors meeting is scheduled for Tuesday, May 12, 2026. The meeting is slated to consider the Audited Financial Results (Standalone and Consolidated) for the Fourth Quarter and the Financial Year ended March 31, 2026.The company also provided details regarding the trading window related to the declaration of these financial results. Trading was previously informed to be closed from Wednesday, April 1, 2026, and would remain closed up to 48 hours after the declaration of the Fourth Quarter and Financial Year results.The trading window is scheduled to stand open from May 15, 2026.The...

Go Digit General Insurance Achieves ‘No Adverse Observations’ for Amalgamation Scheme Go Digit General Insurance Limited has received 'no adverse observations' from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding its proposed Scheme of Amalgamation. The confirmations pave the way for the company to file the Scheme with the National Company Law Tribunal (NCLT).The amalgamation involves Go Digit General Insurance Limited (GDGIL) and Go Digit Infoworks Services Private Limited (GDISPL) and their respective shareholders.In a continuous update regarding the Scheme, the Company announced receiving observation letters from both BSE and NSE, dated April 22, 2026. These letters cleared the...

PAE Ltd Board Recommends Final Dividend for FY 2025-26; Record Date Set PAE Limited announced that its Board of Directors, during a meeting held on April 23, 2026, recommended the determination of a final dividend for the financial year 2025-26.The recommendation established a specific Record Date for determining the entitlement of members to this final dividend. The board’s action is subject to the final approval of the company's members at the ensuing 76th Annual General Meeting.The company provided the following details regarding the record date and the security entitlement:Security CodeType of Security and Paid-up ValueRecord DatePurpose517230Equity Shares Rs. 1,00,00,000/- (Rs. 10/- per equity share)11th May, 2026Record...

Swan Defence and Heavy Industries to Amalgamate with Triumph Offshore; Shareholders to Vote on Scheme Swan Defence and Heavy Industries Limited (SDHIL), formerly known as Reliance Naval and Engineering Limited, is set to amalgamate with Triumph Offshore Private Limited (TOPL) through a Scheme of Arrangement and Amalgamation. The transaction involves the significant consolidation of activities, aiming to create a more diversified and competitive entity in the shipbuilding and heavy engineering sectors.Shareholders of SDHIL are required to consider and approve the proposed Scheme at a meeting to be held on Monday, May 25, 2026.Meeting Details and Voting Window The meeting of the equity shareholders is scheduled for 10:30 am IST on...

PAE Ltd Approves Dividend, 6:1 Bonus Issue, and Shift Focus to Agri and Renewable Energy PAE Ltd has announced key corporate developments following a Board of Directors meeting on April 23, 2026. The Board approved the company's standalone financial results for the year ending March 31, 2026, and recommended a final dividend, a bonus issue, and a significant alteration to the company's core business objectives, signaling a strategic pivot towards agricultural commodities and renewable energy.Financial Results and Shareholder Recommendations The Board of Directors released the audited standalone financial results for the quarter and year ended March 31, 2026. The financial performance details, along with the recommendation for a...