Markets

Jagan Lamps Ltd Acquires Machinery from Tungsram Operations Kft to Boost Halogen Lamp Capacity Jagan Lamps Ltd has entered into an arrangement for the purchase of specialized machinery used for the manufacture of Halogen lamps (assets) from Tungsram Operations Kft, Hungary. This acquisition is set to significantly strengthen the company's manufacturing capabilities and improve overall operational efficiencies.The strategic move is aimed at supporting growing market demand within the lighting segment. The acquisition is expected to enhance the company's capacity, enabling an annual production capacity of approximately 32.4 crore (3,240 Lacs) halogen bulbs.The machinery is sourced from Tungsram Operations Kft, a European brand...

Rajesh Power Services Reports Strong FY26 Results Driven by Execution Excellence Ahmedabad, April 23, 2026: Rajesh Power Services Limited (RAJESH), an integrated Turnkey EPC player, today announced its financial results for the second half year and the full financial year ending March 31, 2026. The results highlight significant growth and operational achievements across the company's core segments.Consolidated Financial Performance Overview The company's financial performance metrics for H2FY26 and FY26 show robust growth figures. The consolidated financials, presented in Rupees Crores (Rs. Cr.), are detailed below:Particulars (Rs. Cr.)H2FY26H2FY25YoY (%)FY26FY25*YoY (%)Revenue from...

GNA Axles Limited Board to Meet to Approve Financial Results and Recommend Dividend GNA Axles Limited has scheduled a meeting of its Board of Directors for Friday, May 8, 2026. The board meeting is set to take place at the company's Corporate Office at VPO Mehtiana, Dist. Hoshiarpur, or via video conferencing.The primary objectives for the board agenda include reviewing and approving the financial performance of the company. Specifically, the board is tasked to consider and approve the Audited Financial Results, covering both standalone and consolidated figures, for the Quarter and the Financial year ended March 31, 2026.Furthermore, the board meeting will address the recommendation of a dividend for the financial year that...

Birla Estates Delivers Strong FY26 Performance with 8,136 Crore Booking Value Driven by NCR and Bengaluru Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate Limited (ABREL), reported a strong booking value of 8,136 crores for the fiscal year 2026 (FY26). This performance was marked by robust demand across key residential markets, continuing the momentum established in the sector.The company noted that its FY26 performance was fueled by capitalizing on continued premium residential demand. Birla Estates is focusing on creating integrated community ecosystems, leveraging the trust associated with its legacy brand. The company’s developments in major areas like NCR, Mumbai Metropolitan Region (MMR), Bengaluru, and Pune...

Allied Blenders and Distillers Ltd Receives Tax Orders for AY 2014-2025; Net Tax Liability Declared Nil Allied Blenders and Distillers Ltd announced an update regarding its tax litigation, confirming the receipt of orders from the Commissioner of Income Tax (Appeal) covering Assessment Years 2014-2015 through 2024-25.The company stated that it received the relevant orders spanning the period from April 6, 2026, to April 22, 2026. These favorable orders result in a net nil tax liability for the assessed years. The final order was received on April 22, 2026, at 03.55 P.M IST.The development confirms the status of the tax proceedings concerning the listed entity.The details related to the tax litigation proceedings are summarized...

ACME Dhaulpur Powertech Private Limited's Credit Rating Reaffirmed by Crisil ACME Solar Holdings Limited has announced the reaffirmation of the credit rating for its wholly owned subsidiary, ACME Dhaulpur Powertech Private Limited. The updated rating, assigned by Crisil Ratings Limited, marks a key operational update for the solar sector firm.The reaffirmation follows a previous rating intimation from the company, which originally occurred on April 28, 2025.The credit rating details reflect a total bank loan facility that has been reviewed by the rating agency.Total Bank Loan Facilities RatedRs.990 CroreLong Term RatingCrisil AA-/Stable (Reaffirmed)The rationale supporting this updated rating is available for review at...

Bikaji Foods International Mourns the Loss of Founder and Chairman Shri Shiv Ratan Agarwal Bikaner, April 23, 2026: Bikaji Foods International Limited, India's third largest ethnic snacks company and the second fastest-growing player in the organized snacks market, deeply mourns the demise of its Promoter, Chairman, and Whole-Time Director, Shri Shiv Ratan Agarwal.Shri Shiv Ratan Agarwal was a visionary entrepreneur and founder whose efforts were instrumental in transforming the company from its origins in Bikaner into a globally recognized packaged food enterprise. With over five decades of experience in the ethnic snacks and sweets industry, he established a strong foundation built on quality, innovation, and deep consumer...

Regal Entertainment & Consultants Reports Acquisition of Shares by Nisha Gupta Via Rights Issue Regal Entertainment & Consultants Ltd announced the acquisition of its equity shares by Nisha Gupta. This transaction was executed pursuant to the company's Rights Issue. The news was recorded on April 23, 2026, detailing the shareholding change.Stock Price Movement At 15:14, Regal Entertainment & Consultants Ltd shares are dipping to ₹17.44, falling 4.96% for the day. Throughout the session, the stock traded within a range, testing lows at ₹17.44 and highs at ₹18.20.

Nanta Tech Ltd Establishes Wholly Owned Subsidiary in UAE for GCC Expansion Nanta Tech Limited, an integrated technology solutions company, has announced a major strategic expansion into the Middle East, establishing Nanta Technologies FZ-LLC. The new subsidiary was incorporated in the Ras Al Khaimah Economic Zone, UAE, positioning the company to accelerate its reach across the high-growth Gulf Cooperation Council (GCC) market.The establishment of Nanta Technologies FZ-LLC marks a key phase in the company's global strategy to become a leading provider of service robotics solutions in the Middle East. This move aims to capitalize on the region's rapidly increasing demand for automation, smart infrastructure, and artificial intelligence...

Balrampur Chini Mills Approves Rs 450 Crore Preferential Issue, Revises PLA CAPEX, and Greenlights Gypsum Plant Balrampur Chini Mills Limited, the company, announced that its Board of Directors, in a meeting held on Thursday, April 23, 2026, approved several major corporate actions, including a significant preferential issue of equity shares and revisions to its strategic capital expenditure plans.The Board approved the issue, offer, and allotment of up to 93,16,771 fully paid-up equity shares, each with a face value of Re. 1/-. These shares will be issued for cash at a price of Rs. 483/- per Equity Share, including a premium of Rs. 482/-. The total aggregated value of the allotment is up to Rs. 450,00,00,393/-.The allocation under...

Indostar Capital Finance Ltd Completes Private Placement of INR 600 Crore in Non-Convertible Debentures Indostar Capital Finance Ltd announced the allotment of Non-Convertible Debentures (NCDs) totaling INR 600 crore through a private placement basis. The allotment was approved by the company's Borrowing Committee via Circular Resolution #01/2026-27 dated April 23, 2026.The company issued a total of 60,000 senior, secured, redeemable, rated, listed, taxable, non-convertible debentures. Each debenture has a face value of INR 1,00,000 (Indian rupees one lakh only).The total issue size of INR 600 crore comprises three distinct series of debentures:1. Series XXXI: Allotment of 20,000 NCDs, amounting to INR 200,00,00,000. 2. Series...

Coal India Ltd Receives CareEdge Rating for Bank Facilities; Long and Short Term Limits Reaffirmed Coal India Ltd has received credit ratings for its bank facilities from CARE Ratings, based on the company's operational and financial performance for FY25 (Audited) and 9MFY26 (Unaudited).The rating report detailed the standing of the company's long term and short term banking arrangements, showing reaffirmation of ratings for key funding facilities.Credit Rating Details for Bank Facilities CARE Ratings provided ratings for two major categories of facilities: Long Term Bank Facilities and Short Term Bank Facilities.Long Term Facilities The ratings for long term bank facilities were reaffirmed by CARE Ratings.FacilitiesRated...

Sumeru Industries Ltd. Reports Audited Financial Results for Year Ended March 31, 2026 Sumeru Industries Ltd. today released its audited financial results for the quarter and the full financial year ended March 31, 2026. The company announced that its Board of Directors approved the audited financial statements, which reflected a range of financial movements across its operations and balance sheet.The statutory auditors issued an unmodified opinion on the standalone audited financial results for the year ended March 31, 2026.Financial Performance Summary The financial results show the company's revenue and profitability over the last fiscal year. The audited standalone financial results for the year ended March 31, 2026, reported a...

Mahindra & Mahindra Patent Portfolio Grows 20x Over a Decade, Reflecting Focus on Innovation Mahindra & Mahindra (M&M) announced that its patent portfolio has grown significantly over the last decade, highlighting the company's sustained commitment to Research & Development (R&D) and the 'Make in India' initiative.The company reported that its number of granted patents increased 20 times over the last ten years, rising from 56 patents granted since inception in FY16 to 1334 in FY26.The increasing size of the patent portfolio is reflective of the company's growing R&D capabilities, enabling it to expand boundaries and deliver technologically immersive experiences to customers. The patent filings also include contributions from M&M's...

Nuvama Wealth Subsidiary Receives Penalty from NSE Over Operational Observations Nuvama Wealth Management Limited reported that its wholly owned material subsidiary, Nuvama Wealth and Investment Limited (NWIL), was penalized by the National Stock Exchange of India (NSE) on April 22, 2026. The penalty relates to operational observations concerning Margin Statements & Reporting.The NSE levied a penalty of Rs. 8,69,600/- on NWIL. This penalty stems from operational observations noted during a Comprehensive Inspection carried out by SEBI jointly with Exchanges and Depositories for the period spanning December 2023 to September 2024.The company confirmed that the observations were of an operational nature. In terms of business...

Symphony Limited Receives Favorable GST Order, Reducing Tax Demand to Rs.28,162/- Symphony Limited announced the receipt of a favorable order from the GST Department, Lucknow, Uttar Pradesh, concerning its financial year 2017-18. The order, issued by the Additional Commissioner Grade-2 (Appeals), Judicial Division-III, State Tax, Lucknow, U.P., was received by the company on April 23, 2026, following the department's order dated April 22, 2026.The favorable development relates to a significant reduction in the overall demand for GST, Penalty, and Interest. The department reduced the total demand amount to Rs.28,162/-.The company noted that the department entirely dropped the interest liabilities, which were previously raised in an...

G R Infraprojects Secures Rs. 413.37 Crore EPC Contract for BESS Implementation at NTPC Stations G R Infraprojects Limited has announced the execution of a significant Engineering, Procurement and Construction Agreement (EPC) with NTPC Limited. The contract pertains to the installation of Battery Energy Storage System (BESS) units at various NTPC Thermal Power Stations.The agreement marks a major project for G R Infraprojects Limited, covering the 'EPC Package for BESS Implementation at NTPC Thermal Power Stations (Lot-1); Mouda Super Thermal Power Station (Mouda)'.According to the details of the executed agreement, the contract involves a total value of Rs. 413.37 crore (exclusive of GST). The project mandates an Engineering...

Indian Overseas Bank Board Meeting Scheduled to Review Audited Financial Results for March 2026 Indian Overseas Bank has announced that its Board of Directors will hold a meeting to consider the audited financial results for the Quarter and the Year ended March 31, 2026. The board meeting is scheduled for Wednesday, April 29, 2026, in Chennai.The meeting is convened primarily to review the bank's financial performance, covering both Standalone and Consolidated Audited Financial Results for the period ending March 31, 2026.In addition to the announcement regarding the financial review, the bank also confirmed the closure of the trading window for its Designated Persons and their immediate relatives. The trading window has been closed...

Valiant Laboratories Reports Resignation of QC Manager Bhanudas D. Patil Valiant Laboratories Limited confirmed the resignation of its Quality Control (QC) Manager, Mr. Bhanudas D. Patil, effective April 22, 2026. The company announced the departure of the senior management personnel, attributing the move to Mr. Patil's personal commitments.The resignation notice confirms that Mr. Bhanudas D. Patil tendered his resignation on April 22, 2026. He will be officially relieved from the services of Valiant Laboratories Limited by the closure of business hours on the same day.According to the details provided, the change in personnel is categorized as a resignation from the position of QC Manager due to personal commitments.The key...

EPACK Durable Ltd Reports Resignation of Executive Director and Group CFO, Narayan Lodha EPACK Durable Ltd has announced the resignation of Mr. Narayan Lodha from his key positions within the organization. Mr. Lodha, who served as Executive Director and Group CFO, tendered his resignation, effective from the close of business hours on April 30, 2026.The company confirmed that the resignation marks Mr. Narayan Lodha's cessation from his roles at EPACK Durable Ltd. According to the details provided, Mr. Lodha stated that his decision stemmed from a desire to pursue another professional opportunity that aligns with his long-term growth and career aspirations.The resignation confirms that Mr. Narayan Lodha, bearing DIN: 02338333, will...