Markets

Steel Exchange India Repays ₹43.19 Crore in NCD Debt; Total Reduction Nears ₹71.19 Crore Visakhapatnam, April 23, 2026: Steel Exchange India Limited (SEIL), a leading integrated steel manufacturer in South India known for its TMT rebars under the 'SIMHADRI TM T' brand, announced significant progress in its deleveraging efforts. The company reported the redemption of ₹ 43.19 crore in Non-Convertible Debentures (NCDs) in a single tranche.This repayment, which represents approximately 13% of SEIL’s total outstanding debt, underscores the company’s focused strategy aimed at strengthening its balance sheet and improving its financial structure.The recent debt repayment follows a previous discharge of ₹ 28 crore over the last two...

Saboo Sodium Chloro Receives Conversion Order for Luxury 5-Star Resort Project in Jawai Saboo Sodium Chloro Limited (SSCL) announced that the Office of the District Collector, Pali, has issued the Conversion Order for the land parcel designated for the Company's proposed 120-room luxury 5-star resort in Jawai, Rajasthan. This development marks a key regulatory milestone for the Company, clearing the path for the commencement of construction on the resort site.The receipt of the Conversion Order follows the successful securing of several key principal land-use approvals. These approvals include the Forest No Objection Certificate, which was previously disclosed on March 20, 2026. With the Conversion Order, the appointed architect, and...

Tirupati Innovar Ltd Receives In-Principle Approval for Proposed Rights Issue of Equity Shares Tirupati Innovar Ltd, formerly known as Tirupati Tyres Limited, has secured in-principle approvals from both BSE Limited and the Metropolitan Stock Exchange of India Ltd (MSEI) for its proposed rights issue of equity shares.The company's proposed rights issue details, as reported following the approvals, cover a total size of up to Rs. 47,00,00,000/-.According to the approval notice from MSEI, the details of the proposed rights issue are structured as follows:ParameterDetailTotal Issue SizeUp to Rs. 47,00,00,000/-Share TypeEquity Shares of Rs. [e] eachIssue PriceRs. [e] (at a premium of Rs. [e] per share)Rights Ratio[e]...

Integra Engineering India Announces Resignation of Chief Financial Officer (KMP) Integra Engineering India Ltd has announced the resignation of Mr. Kunal Thakrar from the role of Chief Financial Officer (KMP). The decision to step down was stated by Mr. Thakrar due to personal reasons.The company confirmed that while Mr. Thakrar is resigning from the position, he will continue to discharge his duties as the Chief Financial Officer (KMP) until the close of business hours on Friday, May 29, 2026. This extension aims to facilitate a smooth transition of responsibilities within the organization.The key details of the change in the company's key managerial personnel are summarized below:DetailInformationIndividualMr. Kunal Thakrar...

Shyam Metalics Boosts Downstream Capabilities with Aluminium Facility in Sambalpur, Odisha Smel Steel Structural Pvt. Ltd., a step-down subsidiary of Shyam Metalics and Energy Limited, has announced that its aluminum manufacturing project in Sambalpur, Odisha, is nearing commercial production. The launch marks a substantial expansion for the Group into value-added aluminum products, reinforcing its commitment to strengthening India's domestic metal capabilities.The new facility is designed to significantly boost Shyam Metalics' product diversification, targeting high-quality, value-added materials across various industries.New Product Capacities The Sambalpur unit is equipped to manufacture two primary categories of aluminum...

Bajaj Electricals Reports Favorable Appeal Order on GST Demand Bajaj Electricals Limited has received an updated ruling regarding a Goods and Services Tax (GST) assessment. The company confirmed the receipt of a favorable Appeal Order on April 22, 2026, from the Joint Commissioner, Secunderabad, Telangana, addressing a previous GST demand raised by the GST Authority.The matter originated from an assessment order dated April 30, 2024, issued by the Deputy Commissioner, STU-1, Secunderabad, Telangana, under Section 73 of the GST Act, 2017. This initial order had raised a total demand of Rs. 83.78 lakh, which included a general penalty of Rs. 8.38 lakh, concerning an alleged disallowance of GST input credit for the financial year...

Valencia Nutrition Ltd Approves Dissolution of Suryavathi Beverages, Plans Asset Sale to Subsidiary Valencia Nutrition Limited (the Company) held a Board of Directors meeting on Thursday, April 23, 2026, and approved significant corporate actions, including the dissolution of Suryavathi Beverages and the subsequent sale of its assets to a wholly owned subsidiary.The Board approved the dissolution of Suryavathi Beverages, a partnership firm in which the Company holds a 99% stake, and Mr. Manish Turakhia holds the remaining 1%. The Company’s decision to dissolve the partnership firm aims to consolidate its holdings. Following the effective dissolution of Suryavathi Beverages, the Company will take over the assets, including machinery...

Nandani Creation's Jaipur Kurti Expands Retail Presence with Partnership at Reliance Fashion Factory Nandani Creation Limited (NCL), a prominent player in women's Indian wear, has announced a strategic partnership with Reliance Fashion Factory. This collaboration aims to significantly strengthen the company's offline retail presence through expansion across Reliance Fashion Factory's extensive network.Under the brand name 'Jaipur Kurti,' the company is expanding its retail footprint into over 25 stores operated by Reliance Fashion Factory.The move is highlighted by key operational benefits, including inventory optimization, enabling faster inventory liquidation cycles. Management stated that this partnership is expected to improve...

Concord Enviro Subsidiary Acquires Stake in U.S. Clean Technology Firm WaHa Inc. Concord Enviro Systems Ltd has made a strategic move, announcing that its wholly owned overseas subsidiary, Concord Enviro FZE, has acquired Convertible Preferred Stock in WaHa Inc. The investment aims to bolster the company's capabilities within the advanced atmospheric water generation and energy-efficient cooling sectors.WaHa Inc., a U.S.-based clean-technology company, specializes in advanced atmospheric water generation (AWG) and energy-efficient cooling solutions. Founded in 2018 and based in California, the company developed proprietary technologies such as the WaHa Vaporator® and an energy-efficient desiccant regeneration engine. WaHa's technology...

Dev Information Technology Achieves Six Microsoft Solutions Partner Designations, Reinforcing IT Leadership Ahmedabad - Dev Information Technology Limited (DEV IT), a global IT services company, has announced a significant milestone, achieving all six Microsoft Solutions Partner Designations (SPD). This achievement was secured in conjunction with its wholly owned subsidiary, Dhyey Consulting Services Pvt. Ltd. The success places DEV IT among a select group of Indian companies to hold the complete suite of Microsoft specializations, strengthening its capabilities in delivering end-to-end digital transformation solutions.DEV IT offers a comprehensive range of services including Cloud Services, Digital Transformation, Enterprise...

Madhav Infra Projects Signs 9 Power Purchase Agreements, Securing 73.15 MW Capacity Madhav Infra Projects Limited has announced the execution of nine Power Purchase Agreements (PPAs) with the Madhya Pradesh Power Management Company Limited. These agreements, covering concessions for Feeder level Solarization under the PM-KUSUM C Yojana, total a cumulative capacity of 73.15 MW.The agreements were executed with the Madhya Pradesh Power Management Company Limited, which is a Government of M.P. Undertaking. The Power Purchase Agreements involve Madhav Infra Projects Limited generating electricity through a Solar Power Project and subsequently selling the energy to MPPMCL.The operational parameters of the contracts outline a significant...

Patel Engineering Limited Declared Lowest Bidder for ₹ 1,593.08 Crore Lower Arun Hydro-Electric Project Package Patel Engineering Limited (PEL) has been declared the Lowest Bidder (L1) for a major contract related to the Lower Arun Hydro-Electric Project (669 MW) in Nepal. The contract, valued at ₹ 1,593.08 crores (inclusive of VAT), is for Package 2 and was awarded by SJVN Lower Arun Power Development Company (P) Ltd. (SLPDC).The significant contract marks a key developmental milestone for Patel Engineering Limited, an infrastructure company with a presence in hydropower, tunnelling, and irrigation segments.Contract Details and Scope The project, situated in the Sankhuwasabha District of Nepal, encompasses the execution of critical...

Eppeltone Engineers Secures ₹5.74 Crore Service Order, Pivoting into AMI Service Segment Eppeltone Engineers Limited, a leading energy meter manufacturer, announced the receipt of a significant domestic service order, marking a strategic transition into the Advanced Metering Infrastructure (AMI) service segment. The company announced the milestone order on April 22, 2026.The newly secured service order is valued at ₹ 5,74,13,237/- (Excluding Taxes). This deal involves providing specialized services for AMI projects aimed at AMISPs and their Special Purpose Vehicles (SPVs) on a PAN-India basis.Key Details of the Strategic Order The transaction marks a shift for Eppeltone Engineers into a service-led model, allowing the company to...

JK Cement Declared Preferred Bidder for Mining Lease in Chittorgarh, Rajasthan JK Cement Limited recently secured its position as the Preferred Bidder for a significant mining lease in Rajasthan. The company participated in an e-auction conducted by the Government of Rajasthan for the mining lease Karunda Limestone Block-I.Under this development, JK Cement was declared the preferred bidder for the valuable mining lease located in Chittorgarh, Rajasthan.The Karunda Limestone Block-I spans an area of 35.98 hectares. This auction highlights the company's continued interest in expanding its operational resources within the cement sector.JKCEMENT Stock Price Movement As of 10:43 AM, shares of JK Cement Limited are slipping by 2.36% in...

Dalmia Bharat Sugar Files Appeal Against Income Tax Assessment Order for AY 2023-24 Dalmia Bharat Sugar and Industries Limited (DBSIL) has initiated an e-appeal against a recent assessment order related to the Income Tax Act, 1961. The appeal targets disallowances and additions made by the tax department for the Assessment Year 2023-24.The company confirmed that it received the assessment order on March 26, 2026, issued under Section 143(3) read with Sections 144C (3) and 144B of the Income Tax Act, 1961. Following expert advice, DBSIL filed the e-appeal before the National Faceless Appeal Centre, the Commissioner of Income Tax, on April 22, 2026.The core dispute centers on additions and disallowances made under Section(s)...

Coforge Announces Successful Closure of Encora Acquisition, Boosts Scale to US$2.5 Bn Coforge Limited, an AI-native engineering services leader, has announced the successful closure of its acquisition of Encora. This strategic move solidifies Coforge's position in the enterprise tech landscape, creating a combined entity with a significant focus on AI, data, and cloud services.The company confirmed that the integration of Encora’s financials into Coforge will be effective May 1, 2026. Consequently, Coforge's FY'27 results will reflect eleven months of impact from Encora operations.Financing and Operational Details To support the acquisition, the firm has secured a US$550 Million three-year loan at a fixed interest rate of 4.6%. The...

Mahindra EPC Irrigation Reports 14.5% Revenue Growth in FY26 Amid Sector Headwinds Mahindra EPC Irrigation Ltd., a provider of end-to-end irrigation and water management solutions, announced its Annual Financial Results for the financial year ending March 31, 2026 (FY26). The company reported a 14.5% year-on-year increase in revenue, reaching ₹ 315.79 crore, accompanied by strong gains in profitability.The company’s financial results reflect robust operational performance despite facing challenges within the broader operating environment.Financial Performance Highlights For the fiscal year 2026, Mahindra EPC Irrigation recorded significant increases in key financial metrics.MetricFY26 ResultFY25 ResultY-o-Y ChangeRevenue₹...

Steel Exchange India Limited Completes Partial Voluntary and Scheduled Redemption of Non-Convertible Debentures Steel Exchange India Limited announced the completion of repayments toward its Non-Convertible Debentures (NCDs) on April 22, 2026. The company executed two distinct transactions: a Partial Voluntary Prepayment and a Scheduled Partial Redemption, detailed by the specific amounts and outstanding balances for each series.The repayment details concern NCDs identified by ISIN INE503B07044.Partial Voluntary Prepayment Details The first transaction was categorized as a Partial Voluntary Prepayment. On April 22, 2026, the company redeemed the debentures for an amount of 39,64,56,427/-.According to the details provided, the...

Cipla Receives US FDA Approval for First AB-Rated Generic of Ventolin® HFA Cipla Limited announced that its wholly owned subsidiary, Cipla USA Inc., received final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA). The approval pertains to Albuterol Sulfate Inhalation Aerosol, 90 mcg per actuation, marking it as the first AB-rated generic therapeutic equivalent of Ventolin® HFA, a product marketed by GlaxoSmithKline.Albuterol Sulfate Inhalation Aerosol is indicated for the treatment or prevention of bronchospasm. It is suitable for adult and pediatric patients aged four years and older with reversible obstructive airway disease, and also for the prevention of...

Zenotech Laboratories Board Meeting Scheduled to Approve Audited Financial Results Zenotech Laboratories Limited announced details regarding its upcoming Board of Directors meeting and the status of its trading window. The company confirmed that a meeting is scheduled for Wednesday, April 29, 2026.During this session, the Board is set to consider and approve the Audited Standalone Financial Results of the company for the quarter and the financial year that ended on March 31, 2026.The company also provided an update on its trading window status. The trading window has been closed since April 01, 2026, and will remain closed until May 01, 2026. This closure was implemented after the declaration of the financial results.Stock Price...