Markets

L&T Buildings & Factories Vertical Secures Multiple Orders Including Gurugram Residential Towers Mumbai, April 23, 2026: Larsen & Toubro Limited (L&T) has announced that its Buildings & Factories (B&F) business vertical has secured several significant construction orders across India.The B&F vertical obtained an order from Oberoi Realty for the construction of seven high-rise residential towers in Gurugram, NCR. The scope of work for this project includes both RCC shell and core construction, alongside earthworks and piling, which must be executed within stringent timelines.In addition to the Oberoi Realty project, the business vertical also secured an order for the construction of a Proving Ground from a reputed international...

KP Energy Limited Receives CERC Inter-State Electricity Trading Licence, Enhancing National Market Access K.P. Energy Limited has successfully received an Inter-State Electricity Trading Licence (Category V) from the Central Electricity Regulatory Commission (CERC). This achievement marks a significant step for the company, enabling it to conduct electricity trading across state boundaries and participating in the broader nationwide power markets.The approval grants K.P. Energy Limited the authority to undertake electricity trading across multiple state boundaries, thereby strengthening its market reach and enhancing its overall trading capabilities in India's power sector.Commenting on the development, Dr. Faruk G. Patel, Founding...

Steel Exchange India Limited Executes Partial Prepayment and Scheduled Redemption of NCDs Steel Exchange India Limited announced the completion of partial prepayment and scheduled partial redemption of Non-Convertible Debentures (NCDs). The company executed these payments on April 22, 2026.The transactions detailed the redemption of secured NCDs under two components: a Partial Voluntary Prepayment and a Scheduled Partial Redemption.Partial Voluntary Prepayment Details The partial voluntary prepayment involved the redemption of NCDs with the ISIN INE503B07044. The face value for this redemption was reduced from 500176 to 396608.The financial specifics for this partial prepayment are as follows:ParticularsDetailsType of...

Shilpa Medicare Appoints Dr. Vellaian Karuppiah as Chief Operating Officer - Formulations Shilpa Medicare Ltd has announced the appointment of Dr. Vellaian Karuppiah as the Chief Operating Officer (COO) - Formulations. The appointment, which is effective from 23 April 2026, has received due approval from the Company's Nomination and Remuneration Committee.Dr. Vellaian Karuppiah joins Shilpa Medicare in a senior managerial capacity, bringing decades of experience across the pharmaceutical value chain.Key Appointment DetailsDetailInformationNameDr. Vellaian KaruppiahDesignationChief Operating Officer - FormulationsEffective Date23 April 2026Reason for ChangeAppointmentEmployment TypeFull Time Employment...

Sunshield Chemicals Ltd Announces Board Meeting to Review FY 2026 Results and Recommend Dividend Sunshield Chemicals Ltd has scheduled a meeting of its Board of Directors for Wednesday, May 13, 2026. The Board will consider crucial financial matters related to the company’s performance and shareholder returns.During the meeting, the Board will address two primary agenda items. First, the company plans to consider and approve the audited financial results and financial statements for the quarter and financial year ended March 31, 2026. Second, the Board is slated to consider and recommend a final dividend, if applicable, for the financial year ended March 31, 2026.The key financial matters to be considered by the Board are summarized...

Jindal Stainless Launches Major Brand Campaign 'Jindal Saathi Seal Hai, Toh Asli Stainless Steel Hai' Featuring Ranveer Singh Jindal Stainless has launched its first-ever brand campaign, 'Jindal Saathi Seal Hai, Toh Asli Stainless Steel Hai' (If it carries the Jindal Saathi Seal, it's genuine stainless steel). The campaign marks a significant strategic pivot for the company, moving from a predominantly Business-to-Business (B2B) focus toward a more consumer-facing brand approach.The initiative features Bollywood actor Ranveer Singh as the brand ambassador and introduces the Jindal Saathi Seal, a co-branded mark designed to serve as a hallmark of authenticity for consumers. The campaign specifically spotlights the Pipes & Tubes...

Sikka Ports and Jamnagar Utilities Increase Stakes in Jio Financial Services via Warrant Conversion Sikka Ports & Terminals Limited (SPTL) and Jamnagar Utilities & Power Private Limited (JUPL) have significantly expanded their stake in Jio Financial Services Ltd (JFS). The increase in holding was realized through the allotment of equity shares upon the conversion of warrants, boosting the promoter group’s overall shareholding in the company.On April 21, 2026, the companies benefited from the allotment of 25,00,00,000 equity shares of Jio Financial Services Ltd. Each acquiring entity received 12,50,00,000 shares, which resulted from the conversion of warrants issued on a preferential basis.Both Sikka Ports & Terminals Limited and...

Neomile Acquires Shares in Innovision Ltd, Increasing Stake to 15.88% Neomile Corporate Advisory Ltd, alongside related investment vehicles, acquired a significant stake in Innovision Limited between April 20th and April 22nd, 2026. The acquisition of shares in the open market increased the collective holding of the group in the company.The acquiring group, comprising Neomile Corporate Advisory Ltd, Kirtan Rupareliya, Neomile Growth Fund - Series I, and Neomile India Opportunity Fund, previously held 20,88,956 shares carrying voting rights, representing 8.77% of the total share/voting capital and 8.77% of the total diluted share/voting capital.During the recent acquisition period, the group purchased 16,91,738 shares carrying voting...

BC Asia Investments Acquired Shares in Manappuram Finance Ltd, Assume Promoter Status BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, jointly known as the Acquirers, have disclosed details regarding their acquisition of shares in Manappuram Finance Ltd. The acquisition results in the Acquirers becoming promoters of the Target Company, alongside the Existing Promoters.The acquisition was effective as of April 21, 2026. The Acquirers’ stake was established through the allotment of Subscription Shares and Subscription Warrants. Following this acquisition, the Specified Promoter and Promoter Group cumulatively hold 29,84,01,014 equity shares of Manappuram Finance Ltd., representing 31.77% of the total share/voting...

Coforge Limited Board Approves USD 550 Million Loan Facility and Significant Share Allotments Coforge Limited announced major corporate developments following its Board of Directors meeting held on April 23, 2026. The company approved the availing of a substantial loan facility and executed key agreements related to its investments, including the infusion of funds into Encora US Holdco, Inc. and Encora Holdings Limited.The Board also approved the creation of a charge over the company's properties to secure the massive financing package and saw the allotment of equity shares to key investors. Furthermore, the company announced the appointment of two additional non-executive directors.Major Financing and Security Measures On April 23...

ICICI Lombard General Insurance Allots 61,961 Equity Shares Through Employee Schemes ICICI Lombard General Insurance Company Ltd announced the allotment of equity shares totaling 61,961 shares on April 22, 2026. The newly allotted shares, each carrying a face value of ₹ 10, were distributed under two different employee incentive schemes.The total allotment of equity shares was managed through the ICICI Lombard Employees Stock Option Scheme - 2005 and the ICICI Lombard - Employees Stock Unit Scheme - 2023.The distribution details are as follows:SchemeNumber of Equity Shares AllottedICICI Lombard Employees Stock Option Scheme - 200538,578ICICI Lombard - Employees Stock Unit Scheme - 202323,383Total61,961The newly...

Glottis Limited Receives GST Scrutiny Notice for Financial Year 2022-23 Glottis Limited, formerly known as Glottis Private Limited, reported receiving a scrutiny notice from the Office of the Superintendent of GST & Central Excise. The notice, in the form of GST ASMT - 10, dated April 17, 2026, pertains to discrepancies found in the company's returns for the Financial Year 2022-23.The scrutiny notice alleges wrongful availment and utilization of excess Input Tax Credit (ITC), including claims related to ineligible ITC. The notice proposes an aggregate liability of approximately ₹2.73 crore for FY 2022-23, which remains subject to official adjudication.The company confirmed that it is currently in the process of examining all...

Sarla Performance Fibers Board Approves Financial Results for FY 2026 Amid Audit Qualifications Sarla Performance Fibers Limited announced the outcome of its Board of Directors meeting held on April 22, 2026. The board approved the audited financial results for the quarter and the financial year ended March 31, 2026, for both standalone and consolidated financials.The Board also recommended a final dividend of 22/2/- per equity share of 21/- each for the financial year ended March 31, 2026, subject to approval by shareholders at the forthcoming Annual General Meeting (AGM). Promoters and the promoter group stated that they would waive their rights to receive this dividend.Audit Qualifications on Financial Statements The statutory...

German-Indian Partnership Formed Between Aerodata and Dynauton for Unmanned Airborne Reconnaissance Aerodata AG, a German specialist in aviation solutions, and Dynauton Systems®, a division of Dynamatic Technologies Limited, have announced the signing of a Memorandum of Understanding (MoU). This strategic agreement aims to establish a collaboration focused on developing a new unmanned, airborne surveillance and reconnaissance solution tailored for the Indian region.The MoU formalizes the framework for a partnership between the two companies, with representatives Neset Tükenmez (CEO of Aerodata) and Udayant Malhoutra (CEO of Dynamatic Technologies Limited) signing the agreement.Focus on Advanced Surveillance Technology At the core of...

Bharti Airtel Ordered to Pay Financial Disincentive by TRAI for Alleged Service Non-Compliance Bharti Airtel Limited has confirmed receipt of an order from the Telecom Regulatory Authority of India (TRAI), levying a financial disincentive due to alleged non-compliance with service regulations.The Company received the directive on April 22, 2026, at IST 1600 Hrs. The order mandates the payment of a financial disincentive amounting to INR 21,07,116.60/- (Rupees Twenty One Lakh Seven Thousand One Hundred and Sixteen and Paisa Sixty only).The material communication concerns the alleged non-compliance of the Quality of Service (Code of Practice for Metering and Billing Accuracy) Regulation, 2006. This violation pertains specifically to...

Motilal Oswal to Hold Board Meeting to Approve FY26 Financial Results on April 29 Motilal Oswal Financial Services Limited has announced that its Board of Directors meeting is scheduled for Wednesday, April 29, 2026. The primary agenda for the meeting is to consider and approve the company's audited financial results, covering both standalone and consolidated figures for the quarter and the full year ending March 31, 2026.Following the Board Meeting, the company provided an update regarding its trading window. The trading window for dealing in Motilal Oswal Financial Services Limited securities is currently closed. It is expected to reopen after a 48-hour period from the official declaration of the finalized financial results...

Lupin Ltd Board Meeting Scheduled to Approve Financial Results for FY 2026 Lupin Ltd announced that its Board of Directors has scheduled a meeting to review and approve the financial results for the fiscal year 2026. The meeting is set to take place on Thursday, May 07, 2026.During the Board Meeting, the company will consider and approve the Audited Standalone and Consolidated Financial Results for both the quarter and the year ending March 31, 2026. Additionally, the board will recommend a dividend, should it deem appropriate.In a separate operational update, Lupin Ltd provided details regarding the closure and reopening of the trading window for its securities. The trading window for Promoters, Directors, Key Managerial Personnel...

Man Industries Approves USD 70 Million Corporate Guarantee for Subsidiary Man Industries (India) Limited announced that its Board of Directors, during a meeting held on April 22, 2026, approved the issuance of a Corporate Guarantee amounting to USD 70 Million. This guarantee is intended for the lenders supporting Man International Steel Industries Company (MISIC).MISIC is identified as a wholly owned subsidiary of Man Industries (India) Limited.The guarantee comes as MISIC is undertaking a significant business expansion in Saudi Arabia, necessitating the support from its financial lenders.The board approval formalized the company's commitment to support its subsidiary's expansion efforts. Details regarding the transaction clarify...

Prizor Viztech Limited Registers as OEM on Government GeM Portal for CCTV Cameras Prizor Viztech Limited announced on April 22, 2026, that the company has been successfully registered as an Original Equipment Manufacturer (OEM) on the Government e-Marketplace (GeM) portal. The registration covers CCTV cameras, marking a significant operational milestone for the company.The company confirmed that it received the GeM Vendor Assessment Report for its CCTV cameras. Under the category of Camera for CCTV system (V3), the products are now live and available for procurement directly on the GeM portal.This strategic entry into the government e-Marketplace is expected to significantly enhance Prizor Viztech Limited's market presence...

NHC Foods Ltd Incorporates Wholly Owned Subsidiary in the UK to Boost European Market Presence NHC Foods Ltd has expanded its international footprint through the incorporation of a wholly owned subsidiary, NHC International UK Limited. This private company limited by shares is registered with the Registrar of Companies for England and Wales.The establishment of NHC International UK Limited aims to significantly enhance the company's business operations in Europe and the broader global market. The subsidiary will operate in the same line of business as NHC Foods Ltd.The company structured the acquisition entirely through the cash subscription of the subsidiary's share capital. NHC Foods Ltd has acquired a 100% stake in the newly...