Markets

Sarla Performance Fibers Divests US Subsidiary Investment, Targeting Balance Sheet Strengthening Sarla Performance Fibers Limited (SPFL) has announced the divestment of its investment in its wholly owned subsidiary, Sarlaflex Inc., located in the United States of America. The strategic move aims to strengthen the company's balance sheet and refocus capital on core, high-growth segments.SPFL had initially incorporated Sarlaflex Inc. to expand its global manufacturing footprint. The company invested approximately 3100 crore through a combination of equity and loans, which were later converted into preference shares. However, the subsidiary suspended its manufacturing operations in December 2017 due to unforeseen business and market...

IndiaMART InterMESH to Host Earnings Webinar for Q4 and FY2026 Results IndiaMART InterMESH Ltd., India's largest online B2B marketplace, has scheduled an earnings webinar for investors and analysts. The event is designed to discuss the company’s performance and key developments for the quarter and financial year ended March 31, 2026.The webinar is scheduled for Thursday, April 30, 2026, commencing at 17:00 hours IST.Senior management from IndiaMART InterMESH Ltd. will be present to address investors and analysts during the session. The event will cover the results and developments pertaining to the quarter and financial year ended March 31, 2026.INDIAMART Stock Price Movement Shares of Indiamart Intermesh Limited today slipped by...

Emerald Finance Partners with Urmil Communication for Early-Wage-Access Program Emerald Finance Ltd. has entered into a partnership with Urmil Communication Pvt. Ltd., Delhi, to introduce its specialized Early-Wage-Access program. This collaboration aims to provide instant financial relief to the employees of Urmil Communication.The Early-Wage-Access program allows employees to seamlessly access a portion of their salaries throughout the month. The company has been developing this solution with the objective of expanding its offerings and serving retail customers.The core of the product involves a salary advance solution. Emerald Finance plans to tie up with employers to offer short term loans structured as salary advances. Under...

CRISIL Reaffirms Ratings for Torrent Power Amid Major Capacity Expansion and Acquisition Torrent Power Ltd (TPL) has received updated credit ratings from CRISIL Ratings, reflecting the company's strong operational performance and significant expansion plans. The ratings action addresses proposed non-convertible debentures (NCDs) and reaffirms ratings on existing bank facilities and commercial paper.Concurrently, TPL is executing a major expansion through the acquisition of Nabha Power Ltd (NPL). This strategic move, involving the purchase of a thermal generation subsidiary operating a 1,400 MW power plant in Punjab from L&T Power Development Ltd (LPDL), is expected to expand TPL's operational capacity from approximately 5 GW to 6.4...

PAE Ltd Board Approves Dividend, Bonus Issue, and Shifts Business Focus to Agro-Commodities PAE Ltd announced key operational and financial recommendations following its recent board meeting. The company approved the audited standalone financial results for the fiscal year 2025-26, along with a recommended final dividend and bonus equity shares. The board also approved the alteration of the company’s object clause, marking a significant strategic shift in the company’s core business.Financial Recommendations and General Meeting Details The Board of Directors approved the following financial and corporate actions for the financial year 2025-26:Dividend Recommendation: A final dividend of Rs. 0.20 (Twenty Paise only) per equity share...

UTI Asset Management Company Reports Strong Q4 FY26 Performance with ₹3,88,470 Crore QAAUM UTI Asset Management Company Limited (UTI AMC) has announced its financial and business performance for the quarter and financial year ended March 31, 2026. The company reported a total group Assets Under Management (AUM) of ₹ 23.42 lakh crore, positioning it as a pioneering, customer-centric global asset management firm with a presence in over 30 countries.As of March 31, 2026, the UTI Mutual Fund's quarterly average assets under management (QAAUM) stood at ₹ 3,88,470 crore. The company reports that Equity Assets (Active + Passive) contributed 70% to the total average AUM, a ratio better than the industry average of 61:39.Financial Highlights...

IKS Health to Acquire TruBridge to Bolster Rural and Community Healthcare Access Inventurus Knowledge Solutions (IKS Health), the U.S. subsidiary of Inventurus Knowledge Solutions Limited, announced a definitive agreement to acquire TruBridge, Inc., a specialist provider of healthcare technology solutions for rural and community hospitals. This proposed strategic acquisition aims to strengthen access to high-quality care across communities throughout the United States.The merger combines IKS Health's extensive care enablement capabilities, which serve diverse healthcare organizations, with TruBridge's specialized expertise in supporting rural and community hospitals through revenue cycle management and electronic health record (EHR)...

Jonjua Overseas Ltd Reports Audited Financial Results for March 31, 2026 Jonjua Overseas Limited today announced its audited standalone financial results for the quarter and year ended March 31, 2026. The company also reported necessary typographical corrections related to its financial statements.Major Harjinder Singh Jonjua, Retd. Chairman-cum-Managing Director, stated that two corrections were made to the Statement of Audited Standalone Financial Results: 1. The word 'unaudited' was stated on top instead of 'audited'. 2. Figures for Other Comprehensive Income and Other Equity for the year ended 31-03-2026 were stated.The Company's standalone financial results for the period were audited by Jain & Associates Chartered Accountants...

PAE Ltd. Board Approves Final Dividend of Rs. 0.20 Per Share for FY 2025-26 PAE Ltd. announced that its Board of Directors, during a meeting held on April 23, 2026, recommended a final dividend for the Financial Year 2025-26. The dividend was approved on the basis of the company's entire issued, subscribed, and paid-up share capital.The Board of Directors approved a recommended final dividend of Rs. 0.20 per equity share. This dividend pertains to the financial year 2025-26.The dividend recommendation details are as follows:Parameter DetailRecommended Dividend Amount Rs. 0.20 (Twenty Paise)Face Value Per Share Rs. 10 (Rupees ten)Financial Year 2025-26Total Issued Capital 10,00,000 equity sharesStock Price...

JTL Defence Limited to List Equity Shares on BSE under 'Trade-to-Trade' Segment JTL Defence Limited, formerly RCI Industries & Technologies Limited, is set to list its equity shares on the BSE Limited under the XT Group. The shares are admitted to dealings in the 'Trade-to-Trade' segment, effective from April 27, 2026.The designated trading symbol allotted by BSE for the company is 'JTLDEFENCE'.Separately, the company announced the outcome of its Resolution Plan approved by the Hon'ble NCLT order dated October 09, 2025, of the New Delhi Bench. This plan involved significant restructuring of the existing share capital.The Resolution Plan dictated the cancellation and extinguishment of the entire existing issued, subscribed, and...

SG Finserve Limited Reports Audited Financial Results for March 31, 2026; Appoints Deepak Kumar as Additional Director SG Finserve Limited announced the outcome of its Board Meeting held on April 16, 2026, confirming the approval of its audited financial results for the quarter and year ended March 31, 2026. The company also announced the appointment of Mr. Deepak Kumar as an Additional Director.Board Actions and Director Appointment At its meeting on April 16, 2026, the Board of Directors of SG Finserve Limited approved the audited financial results for the period ending March 31, 2026.The Board also approved the appointment of Mr. Deepak Kumar (DIN: 03056481) as an Additional Director. Mr. Deepak Kumar will serve in the capacity...

Aananda Lakshmi Spinning Mills to Hold Board Meeting to Approve Q4 2026 Financial Results Aananda Lakshmi Spinning Mills Ltd has announced that its Board of Directors will convene a meeting to consider and approve the Audited Financial Results for the quarter ended March 31, 2026.The Board meeting is scheduled for Thursday, May 7, 2026. The proceedings are slated to take place at the company's registered office.In conjunction with the results approval, the company also reported the status of its trading window. Pursuant to insider trading regulations, the closure of the trading window for dealing in the company's securities has commenced. This closure period will remain active until 48 hours prior to the announcement of the Audited...

Oracle Financial Services Declares Second Interim Dividend of Rs. 270 Per Share Oracle Financial Services Software Limited announced the declaration of a second interim dividend for the Financial Year 2025-26. The dividend, approved by the Board of Directors at a meeting held on April 22, 2026, amounts to Rs. 270 per equity share, which has a face value of Rs. 5 each.The dividend will be payable to shareholders recorded as beneficial owners in the Depositories as at the close of business hours on Thursday, May 7, 2026, which is set as the Record Date.The payment of the dividend amount must be made through an electronic mode of payment facility. Shareholders are advised to update their bank account details with their respective...

Edelweiss Financial Services Announces Board Meeting for Financial Results and Dividend Recommendation Edelweiss Financial Services Ltd has scheduled a meeting of its Board of Directors for Thursday, April 30, 2026. The board meeting has been convened to consider two primary items crucial to the company's financial status and shareholder engagement.During the meeting, the board will review the audited financial results of the company. This review covers both the standalone and consolidated financial results for the financial year ended March 31, 2026.Additionally, a key agenda point includes the recommendation of a dividend, if any, on the equity shares of the company.EDELWEISS Stock Price Movement Edelweiss Financial Services...

Birla Corporation Limited Issues Correction on Bikram Coal Mine Operational Capacity Birla Corporation Limited has issued a clarification regarding the operational details of its coal mining activities at the Bikram Coal Mine, located in Burhar, Shahdol, Madhya Pradesh. The update serves to correct an inadvertent error present in a previous communication concerning the mine's production metrics.The company clarified that in previous instances, the figure cited for the Annual Production Capacity was erroneous. Specifically, the figure of 9.44 Million Tonnes does not represent the Annual Production Capacity of the Bikram Coal Mine.Birla Corporation Limited confirmed that the 9.44 Million Tonnes figure accurately represents the total...

Gujarat Gas Limited Supports Morbi Ceramic Revival with Ensured Gas Supply and Pricing Stability Gujarat Gas Limited (GGL), the authorized Piped Natural Gas (PNG) supplier for Morbi, has reaffirmed its commitment to the region's ceramic industry by ensuring continuous gas supply and price stability amidst recent geopolitical disruptions.GGL has developed a comprehensive gas distribution network designed to meet the full potential demand of the Morbi ceramic cluster. During the recent geopolitical crisis, the company maintained continuous supply in line with Government of India directives by proactively sourcing natural gas from non-Middle East markets at spot rates.The industry faced challenges due to a surge in raw material costs...

Mish Designs Ltd to Hold Board Meeting on April 28 to Discuss Capital Increase and EOGM Mish Designs Ltd announced that its Board of Directors meeting is scheduled for Tuesday, April 28, 2026. The meeting is slated to consider and approve several key corporate actions, including an increase in the company's Authorized Share Capital and strategies for raising equity capital.The agenda for the Board meeting includes four primary items. The company plans to discuss increasing its Authorized Share Capital, raising equity capital through permissible modes, and finalizing the draft notice and the appointment of a Scrutinizer for an upcoming Extra-Ordinary General Meeting. The board also reserved time for any other matter with the permission...

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...