Markets

Zodiac Energy Receives Letter of Intent for Solar Power Project in Zambia Zodiac Energy Ltd has secured a Letter of Intent (LOI) from an international entity based in Zambia for a significant turnkey solar power project. The order involves the development of a Ground Mounted Solar PV Power Plant located in Lusaka, Zambia.The project scope encompasses the comprehensive management of the solar facility, including designing, supplying, installing, testing, commissioning, packing and forwarding, dispatch, and transportation with transit insurance. The delivery is scheduled on a DAP (Delivery on Place) basis.The solar power system detailed in the LOI includes a 6 MWp DC, 5 MW AC Ground Mounted Solar PV Power Plant, and a 1 MWh Battery...

NIS Management Ltd Receives GST Notice Regarding Discrepancies in Financial Years NIS Management Ltd recently received a notice from the Goods and Services Tax (GST) Department detailing alleged discrepancies in its GST returns. The notice, issued in Form GST ASMT-10 and dated April 15, 2026, was received by the company at its registered office on April 2, 2026. The document seeks clarification and potential payment regarding observed discrepancies in the company's GST filings.The notice initiates a review by the GST authorities, requiring NIS Management Ltd to address the observed discrepancies. The company stated it is currently examining the contents of the notice and plans to submit a comprehensive response, including necessary...

Jammu & Kashmir Bank Appoints Ashish Kundra and Pravin Raghavendra as Additional Directors The Board of Directors of Jammu & Kashmir Bank Ltd. approved the appointments of two senior professionals, Mr. Ashish Kundra, IAS, and Mr. Pravin Raghavendra, as Additional Directors on the bank’s board. The appointments, subject to shareholder approval, were approved during the board meeting held on Wednesday, April 22, 2026.Under the board's approval, Mr. Ashish Kundra, IAS (DIN: 06966214), was appointed as an Additional Director in the category of Rotational Directors. This appointment is effective from April 23, 2026.Mr. Pravin Raghavendra (DIN: 09686944) was appointed as an Additional Director in the category of Independent Directors. His...

Syngene International to Host Conference Call for Q4 and Full Year FY2026 Results The management team of Syngene International Limited (Syngene) will organize a conference call for Analysts and Investors to discuss the financial results for the quarter and full year ended March 2026.The conference call is scheduled for Thursday, April 30, 2026, at 2:00 pm IST. The session will begin with a brief management discussion regarding the Q4 and full year FY2026 performance, followed by an interactive Question & Answer session with participants.Details concerning the conference call are provided below:DetailInformationDateThursday, April 30, 2026Time2:00 pm to 3:00 pm ISTPrimary Dial-in Number+91 22 6280 1279 / 91 22 7115 8180...

Bandhan Bank's Nomination Committee Grants 10,000 ESOPs to Eligible Employee On April 22, 2026, the Nomination and Remuneration Committee (NRC) of Bandhan Bank Limited announced the grant of employee stock options under the Bandhan Bank Employee Stock Option Plan Series 1 (ESOP Series 1). The options were granted to an eligible employee of the Bank.The ESOP grant details include 10,000 equity stock options, each having a face value of Rs. 10. The options were issued at a specific grant price of Rs. 176.13 per option.The Bank determined the pricing for the ESOPs based on the latest available closing price recorded on the National Stock Exchange of India Limited (NSE) on Tuesday, April 21, 2026, which was the trading day immediately...

Jio Financial Services and Allianz to Forge 50:50 Joint Venture for General and Health Insurance in India Jio Financial Services Limited (JFSL) and the Allianz Group have entered into a binding agreement to establish a 50:50 primary insurance joint venture (JV). This partnership will focus on the general and health insurance sectors, aiming to serve the rapidly expanding Indian insurance market.The agreement, formalized on April 22, 2026, leverages Jio Financial Services' extensive digital capabilities and deep understanding of the Indian market with Allianz's global insurance expertise. The new joint venture is designed to offer comprehensive and innovative protection solutions to India's people and businesses.The JV will focus...

Lypsa Gems & Jewellery Ltd Confirms SEBI Adjudicating Order Imposing Penalty of Rs. 18,00,000 Lypsa Gems & Jewellery Ltd has confirmed details regarding an order passed by the Adjudicating Officer, SEBI. The order imposes a penalty on the company concerning violations of securities regulations.The adjudication was made by the Ld. Adjudicating Officer, SEBI, and the company confirmed receipt of the Adjudication Order on April 16, 2026. This penalty relates to alleged violations of the SEBI LODR Regulations and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices related to Securities Market) Regulations, 2003.The order, dated April 16, 2026, imposed a total penalty amount of Rs. 18,00,000/- (Rupees Eighteen Lakh only).Key...

Action Construction Equipment Ltd to Hold Board Meeting on April 30, 2026 Action Construction Equipment Ltd has scheduled a meeting of its Board of Directors. The meeting is set to take place on Thursday, April 30, 2026.The company provided notice regarding the upcoming board meeting. The notice was issued on April 22, 2026.For details regarding the board meeting, the information was made available on the company's website and on the stock exchanges.ACE Stock Price Movement Today, Action Construction Equipment Limited shares edged higher, settling at ₹934.45 and marking a 2.37% gain for the session. The equity saw significant interest today, trading on a volume of 1.30 million shares.

Sai Parenterals Ltd to Postpone Filing of Q3 and 9-Month Financial Results until May 15, 2026 Sai Parenterals Ltd has announced a delay in the submission of its financial results for the quarter and nine-month period ended on December 31, 2025. The company stated that the required data compilation and internal audits necessitate an extension, setting a new submission timeline of May 15, 2026.The delay is attributed to several operational factors, primarily involving the results of a recently acquired subsidiary. Sai Parenterals Ltd confirmed that the subsidiary, Noumed Pharmaceuticals PTY Limited, is undergoing an audit by foreign auditors, with the results expected in the first week of May, 2026.The company explained that upon...

Dolphin Kitchen Utensils Postpones Board Meeting to Review Financial Results Dolphin Kitchen Utensils and Appliances Limited, formerly known as Sai Swami Metals and Alloys Limited, has postponed its scheduled Board Meeting. The delay is intended to provide the Board with additional time for comprehensive analysis following significant variations observed in the financial results.The company had initially planned to hold the Board meeting on April 22, 2026, as reported in a continuation of an earlier notice dated April 13, 2026.The Board Meeting, which was set for April 22, 2026, has been rescheduled to April 25, 2026. Management stated that the postponement is necessary to allow for thorough analysis due to significant variations...

Uday Jewellery Industries Appoints New Board Members and Changes Key Management Designations Uday Jewellery Industries Ltd has announced significant changes in its board and senior management structure. The company approved the appointment of three new directors and modified the designation of an existing director, effective April 22, 2026. These appointments are subject to the requisite approval of the shareholders.The Board of Directors formalized the appointment of Mr. Sanjay Kumar Sanghi as the Chairman and Managing Director (Corporate Affairs) for a period of five years, starting April 22, 2026. Mr. Sanjay Kumar Sanghi brings 36 years of expertise in corporate affairs, contributing strong knowledge of regulatory and business...

Sejal Glass Ltd Announces Board Meeting to Approve FY Results on April 25, 2026 Sejal Glass Limited has announced that its Board of Directors meeting is scheduled for Saturday, April 25, 2026. The primary purpose of the meeting is to consider and approve the Audited Standalone and Consolidated Financial Results, along with the Audit Report, for the quarter and the full year ended March 31, 2026.The company also outlined important timelines regarding the trading of its securities. The trading window for dealing in the company's securities was closed starting from Wednesday, April 01, 2026. Following the declaration of the Audited Standalone and Consolidated Financial Results and the Audit Report for the year ended March 31, 2026, the...

Gujarat Industries Power Company Board Approves Appointment of Shalini Agarwal as Additional Director Gujarat Industries Power Company Ltd announced that its Board of Directors approved the appointment of Smt. Shalini Agarwal as an Additional Director, representing Gujarat Urja Vikas Nigam Limited. The Board Meeting to approve the appointment was held on April 22, 2026.The nomination was approved by the Company's Board of Directors, following recommendations from the Nomination and Remuneration Committee. Smt. Shalini Agarwal currently serves as the Managing Director of Gujarat Urja Vikas Nigam Limited.The company confirmed that Smt. Shalini Agarwal, LAS (DIN: 08172014), is not related to any existing directors of Gujarat Industries...

Sparc Electrex Ltd to Hold Board Meeting on April 24 to Discuss Appointments and Compliance Sparc Electrex Limited announced that its Board of Directors will convene a meeting on Friday, April 24, 2026. The meeting is scheduled to take place at the company's Registered Office located at 1202, 12th Floor, Esperanza Building, Next to Bank of Baroda, 198 Linking Road, Bandra (West), Mumbai 400050, starting at 04:00 p.m.The primary agenda items for the Board meeting include significant corporate governance and compliance matters.Key items scheduled for deliberation at the meeting are:Appointment of Key Officers: Consideration of appointing the Company Secretary and Compliance Officer of the Company. Compliance Review: Taking note of...

Exicom Tele-Systems Limited Stake Diluted as Subsidiary Completes OCD Conversion Exicom Tele-Systems Limited reported that its stake in wholly-owned subsidiary, Exicom Power Solutions B.V. (Exicom B.V.), has diluted following the conversion of Optionally Convertible Debentures (OCDs).The company announced that the Board of Directors of Exicom B.V., Netherlands, approved the conversion of OCDs. These convertible debentures, originally issued aggregated to USD 10 million to a third-party foreign investor, allow for conversion into ordinary equity shares in tranches.The approved conversion details involve OCDs aggregating to USD 5.5 million. This figure includes an additional conversion of USD 1 million above the previously approved...

Indo Us Biotech Limited Appoints Mrs. Hemanshi Darsh Soni as Additional Director Indo Us Biotech Limited announced the appointment of Mrs. Hemanshi Darsh Soni to its Board of Directors as an Additional Director in the capacity of Non-Executive Independent Director.The Board of Directors passed the resolution for the appointment on April 21, 2026. Mrs. Hemanshi Darsh Soni (DIN: 11659183) will serve as an Additional Director in this capacity for a period of 5 years, effective from April 21, 2026, subject to approval by the Shareholders at a General Meeting. The company confirmed that Mrs. Hemanshi Darsh Soni is not related to any of the existing Directors or Key Managerial Personnel.The details regarding the appointment of Mrs...

Jindal Steel Ltd Board to Consider Q4 FY2026 Results on May 1 Jindal Steel Ltd announced that its Board of Directors is scheduled to hold a meeting on Friday, May 1, 2026. The primary agenda for the meeting is to consider and approve the Audited Financial Results of the Company for the fourth quarter and the full financial year ended March 31, 2026, for the Financial Year 2025-26.In a continuation of recent corporate updates, the company also provided details regarding the trading window for its securities.Effective from April 1, 2026, the trading window for the designated and connected persons of Jindal Steel Ltd has been closed. This restriction is in place and will remain active until 48 hours after the aforementioned financial...

KEI Industries Ltd Board Meeting Scheduled for May 4, 2026, to Approve FY Results; Expands EHV Cable Manufacturing KEI Industries Ltd is set to convene a Board of Directors meeting on Monday, May 4, 2026. The primary agenda item for the meeting is the consideration and approval of the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended on March 31, 2026.The company also communicated details regarding the closure of its trading window. The trading window was suspended starting from April 1, 2026, and remains closed until May 6, 2026, which is 48 hours following the declaration of the Audited Financial Results.In terms of operational expansion, KEI Industries Ltd has formed a Technical...

Arvind Ltd Incorporates Subsidiary 'Arvind Atelier (FZC)' in Sharjah, UAE Arvind Ltd has announced the incorporation of a new subsidiary, 'Arvind Atelier (FZC)', in Sharjah, United Arab Emirates (UAE). The company received the Virtual License Certificate for the new entity on April 22, 2026, making the subsidiary a significant expansion step for Arvind Ltd in the Middle East market.Arvind Atelier (FZC) was incorporated on April 20, 2026, in the Sharjah Airport International Free Zone (SAIF Zone). The new entity is set to operate within the Textile Trading industry, focusing specifically on Ready-made Garments Trading and general Textile Trading. The subsidiary structure establishes Arvind Atelier (FZC) as a direct subsidiary of Arvind...

Bengal Tea & Fabrics Ltd to Acquire Assam Tea Estate via MoU with Mcleod Russell India Bengal Tea & Fabrics Ltd announced that its Board of Directors approved entering into a Memorandum of Understanding (MoU) with Mcleod Russell India Limited. The MoU focuses on the acquisition of a Tea Estate located in the State of Assam, aiming to boost the company's production, turnover, and profitability.The Board passed the approval at a meeting held on April 22, 2026. The acquisition involves Mcleod Russell India Limited, which operates in the Tea & Coffee industry.The target entity for the acquisition is Nya Gogra Tea Estate, a unit of Mcleod Russell India Limited. This estate is located in India and specializes in the manufacturing of Black...