Markets

GRM Overseas Launches Health-Focused 10X Basmati Rice Suitable for Diabetics GRM Overseas Limited, a major basmati rice exporter and growing consumer staples company, has announced the launch of its 10X Basmati Rice Suitable for Diabetics. This strategic product launch marks a significant move by the company to expand its health-focused portfolio across both domestic and international markets.The introduction of the 10X Basmati Rice aims to meet the escalating demand for healthier dietary choices, driven by rising diabetes prevalence, modern urban lifestyles, and increased global health awareness. The product retains the premium aroma, elongation, and taste associated with quality basmati rice while incorporating carefully processed...

GlaxoSmithKline Pharmaceuticals Appoints Commercial Head - Oncology, Vinay Subramanian, to Leadership Team GlaxoSmithKline Pharmaceuticals Ltd has announced the inclusion of Mr. Vinay Subramanian, Commercial Head - Oncology, to its senior management personnel. Mr. Subramanian is set to join the company’s leadership team, effective April 20, 2026, based out of Mumbai.The appointment marks a significant addition to the company’s executive structure.Mr. Subramanian brings extensive experience spanning over 24 years across the Pharmaceuticals, Life Science, Healthcare Devices, and Medical Technology sectors.In his professional career, Mr. Subramanian previously held prominent leadership positions at global firms, including Roche...

Shadowfax Technologies Launches 'Shadowfax 360' to Boost SME and D2C E-commerce Logistics Shadowfax Technologies Limited, India's third-party logistics company, announced the launch of Shadowfax 360, a proprietary unified digital shipping portal aimed at empowering the country's Small and Medium Enterprises (SME) and Direct to Consumer (D2C) brands. The platform was launched on April 21, 2026.Shadowfax 360 provides immediate access to an enterprise-grade network, covering over 15,000 pincodes across more than 2,500 cities. The platform is designed to solve core merchant pain points by offering several advanced features.Key features of the new logistics portal include:Transparent Billing: It implements a transparent flat-rate...

Can Fin Homes Limited's Deputy MD Vikram Saha Resigns Following Parent Bank Transfer Can Fin Homes Limited has announced the resignation of Shri Vikram Saha, Deputy Managing Director (Key Managerial Personnel), from the Company's board and services.Shri Saha tendered his resignation from the Board of Can Fin Homes Limited with immediate effect. The resignation details indicate that his departure is due to a transfer by the Parent Bank.The resignation of Shri Saha, who also serves as Deputy Managing Director, is effective from the commencement of business hours on April 15, 2026. In his resignation, Shri Saha also requested the Company to accept his departure as a whole-time director from the Board.CANFINHOME Stock Price Movement...

BEML Land Assets Limited Appoints Bharti Ramchandani as Company Secretary and Compliance Officer The Board of Directors of BEML Land Assets Limited recently approved the appointment of Smt. Bharti Ramchandani as the Company Secretary and Compliance Officer. The board's decision was formalized during its 28th Meeting held on April 16, 2026.Mrs. Bharti Ramchandani took charge of the role effective April 21, 2026. She is a qualified Company Secretary and a Fellow member of the Institute of Company Secretaries of India (FCS 11651). Mrs. Ramchandani holds a Bachelor of Arts (Hons.) in Economics and brings approximately 9 years of experience in the secretarial field. The company confirmed that she is not related to any of the existing...

PNGS Gargi Fashion Jewellery Reports Strong Akshay Tritiya Sales Update for FY 2026-27 PNGS Gargi Fashion Jewellery Limited has reported robust sales figures for the Akshay Tritiya festival for the fiscal year 2026-27, noting a significant year-on-year growth in revenue. The company highlighted that the sales performance was bolstered by the operations at its Shop-in-Shop stores, which operate on a FOFO Model.For the Akshay Tritiya period, the revenue saw a substantial increase from the previous year.MetricFY 2025-26 (Previous Year)FY 2026-27 (Current Year)Akshay Tritiya Revenue₹133.49 Lakhs₹236.82 LakhsYoY Growth-77.41%The total Akshay Tritiya revenue for FY 2026-27 reached ₹236.82 Lakhs, marking a 77.41% growth...

Retaggio Industries Ltd Allots 4,62,000 Equity Shares Following Convertible Warrant Conversion Retaggio Industries Ltd announced the allotment of a fifth tranche of 4,62,000 Equity Shares, fully paid up, through the conversion of convertible warrants. The allotment was processed on April 21, 2026, following a Board Meeting held that day.The Board of Directors authorized the issuance of the shares to the allottee on a Preferential Basis. This conversion of 4,62,000 convertible warrants into equity shares was executed in accordance with a Special resolution passed by the shareholders on December 11, 2025.Transaction and Payment Details The allotment details were structured such that the holders of the convertible warrants paid the...

Shree Karthik Papers Ltd to Hold Board Meeting on May 27, 2026, to Review Audited Financials Shree Karthik Papers Ltd announced plans to convene a meeting of its Board of Directors on Wednesday, May 27, 2026. The primary focus of the meeting will be to consider and take on record the audited financial results of the company for the quarter and year ended March 31, 2026.In addition to the scheduled board meeting regarding the financial results, the company also provided an update concerning its trading window status.The trading window for shares of Shree Karthik Papers Ltd is currently closed. The period of closure is effective from April 1, 2026, through May 27, 2026, inclusive of both dates. Trading is scheduled to reopen on June...

KiVi and ASMS Advance Agri-Fintech Push to Drive Rural Transformation in Maharashtra In a strategic move aimed at accelerating financial inclusion and strengthening rural economies, KiVi (Agrosperity Tech Solutions Private Limited) and Avio Smart Market Stack Limited (ASMS) have initiated groundwork for deploying agri-fintech solutions across key agricultural clusters in Maharashtra. The initiative, reported in April 2026, marks a significant step toward leveraging technology to address financial and operational gaps in rural India.The companies are undertaking the deployment of solutions through ASMS's broader Project AVIO Agritech. Under this platform, the focus is to build integrated, technology-led solutions that span agricultural...

JSW Steel Announces Full Redemption of US$ 750 Million in Senior Unsecured Notes JSW Steel Limited has confirmed the full redemption and subsequent termination of its guarantee related to senior unsecured notes issued by Periama Holdings LLC, an indirect wholly owned subsidiary of JSW Steel Limited. The notes, originally listed on the Singapore Exchange Securities Trading Limited (SGX-ST), were aggregated to a total value of US$ 750,000,000.The issuance was executed by Periama Holdings LLC, a limited liability company incorporated under the laws of Delaware. The notes carried a 5.95% fixed rate and were structured in two tranches. The guarantee for these notes was provided by JSW Steel Limited pursuant to the trust deed dated October...

Deccan Gold Mines Issues Clarification on Jonnagiri Gold Project and Shareholding Deccan Gold Mines Ltd has issued a clarification regarding a news item published in The Economic Times on April 20, 2026. The article highlighted the anticipated commencement of commercial production at the Jonnagiri Gold Project, emphasizing its importance as India's first private sector gold mining venture, and discussed related market commentary and investor sentiment.In the clarification, the company addressed the details of its involvement with the project and its equity structure.Deccan Gold Mines Limited currently holds a 26% equity shareholding in Geomysore Services (India) Private Limited. Geomysore is the company responsible for developing...

Tamboli Industries Ltd To Hold Board Meeting on May 7, 2026, To Review Quarterly Results and Dividend Tamboli Industries Ltd is scheduled to hold a meeting of its Board of Directors on Thursday, May 7, 2026. The meeting is slated to address key financial milestones and operational reviews for the company.The primary focus of the board meeting is centered on two critical agenda points: the consideration of the latest quarterly financial results and the recommendation of a dividend for the previous fiscal year.The Board will take on record the Audited Quarterly Financial results of the Company for the fourth quarter, covering the period from January to March 2026.Additionally, the meeting agenda includes considering the...

Steel Exchange India Limited Infuses ₹ 75 Crore Capital Through Convertible Warrant Issue Steel Exchange India Limited (SEIL) has reinforced its financial structure, receiving an upfront infusion of ₹ 75 Crore through the allotment of convertible warrants. The capital infusion was received from M/s India Coke and Power Private Limited and M/s IMR Steel Private Limited, which is part of the IMR Group.This receipt forms part of the company's larger capital raise plan, which aims to secure funding up to ₹ 350 Crore through the issuance of convertible warrants on a preferential basis. The fund raise was approved by the Board of Directors on March 04, 2026.The investment is structured under the following key details:MetricDetails...

SEBI Slams Manipulation: Plastika Industries Fined Rs 5 Lakhs for Creating Artificial Volume in Illiquid Options SEBI Probes Manipulative Trading Practices in Stock Options The Securities and Exchange Board of India (SEBI) has levied an adjudication penalty on Plastika Industries concerning alleged manipulative activities in the illiquid stock options segment of the Bombay Stock Exchange (BSE). SEBI's order establishes that the company indulged in non-genuine trading practices, creating a false and misleading appearance of market volume.The proceedings focused on trading activities spanning the period of April 1, 2014, to September 30, 2015. SEBI observed a large-scale reversal of trades in the stock options segment, noting that such...

SEBI Cracks Down on Market Manipulators: Fastino Dealers Hit with Rs 5 Lakh Penalty for Artificial Volume in Options The Securities and Exchange Board of India (SEBI) has concluded an adjudication order against Fastino Dealers Private Limited, confirming violations related to non-genuine trading activities. The ruling specifically targets the creation of artificial volume through manipulative trades in the illiquid stock options segment at the Bombay Stock Exchange (BSE).The order, dated April 20, 2026, confirms that the firm was penalized for engaging in practices deemed deceptive and manipulative during the period between April 1, 2014, and September 30, 2015.SEBI Investigation Unmasks Illiquid Options Manipulation SEBI initiated...

SEBI Confirms Manipulative Trading: ₹5 Lakh Penalty Imposed on Entity for Creating Artificial Volume in BSE Options The Securities and Exchange Board of India (SEBI) has adjudicated a case involving manipulative trading practices in the illiquid stock options segment of the Bombay Stock Exchange (BSE). In an order dated April 20, 2026, SEBI penalized Parmeswar Commercial Private Limited for executing non-genuine, manipulative reversal trades, resulting in the creation of artificial trading volume.The Adjudicating Officer noted that the findings establish a clear case of collusion, confirming the entity’s violation of key provisions under the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market)...

SEBI Slaps ₹5 Lakh Penalty on Adhunik Ventures for Executing Manipulative Reversal Trades in Illiquid Options The Securities and Exchange Board of India (SEBI) has levied a penalty of ₹ 5,00,000/- on Adhunik Ventures Private Limited. The penalty was imposed following an adjudication order concerning the company's alleged manipulative trading activities in the illiquid stock options segment of the Bombay Stock Exchange (BSE).The order, dated April 20, 2026, found the entity guilty of violating multiple provisions of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003. The regulatory action centers on the execution of non-genuine reversal trades during the period spanning April 1, 2014, to September 30...

SEBI Strikes Down Manipulative Trades: Ecospace Suppliers Penalized ₹5 Lakh for Creating Artificial Volume in BSE Options The Securities and Exchange Board of India (SEBI) has released a significant adjudication order, penalizing Ecospace Suppliers Private Limited for engaging in manipulative trading practices involving illiquid stock options at the Bombay Stock Exchange (BSE). The action targets the creation of artificial volume, citing non-genuine reversal trades.The order, dated April 20, 2026, formalizes SEBI’s findings that the company indulged in activities that distorted the true trading landscape of the stock options segment. The penalty imposed is ₹5,00,000/-, following violations of critical sections of the SEBI (Prohibition...

SEBI Hits Grand Dealtrade with ₹5 Lakh Fine for Creating Artificial Volume in Illiquid Options Market The Securities and Exchange Board of India (SEBI) has passed a significant adjudication order, penalizing Grand Dealtrade Private Limited for engaging in manipulative practices concerning illiquid stock options. The regulatory action specifically targets the creation of artificial trading volume through non-genuine reversal trades in the options segment of the Bombay Stock Exchange (BSE).The penalty, set at ₹5,00,000, underscores SEBI's commitment to maintaining transparency and integrity within India's financial markets.Investigation Targets Non-Genuine Stock Option Trades The investigation period covered the trades between April...

SEBI Slams Traders: ₹5 Lakh Penalty Imposed for Manipulating BSE's Illiquid Stock Options The Securities and Exchange Board of India (SEBI) has issued an adjudication order, penalizing Rajwadi Retail Trade Systems Private Limited for alleged manipulative trading practices in the stock options segment of the Bombay Stock Exchange (BSE). The order specifically targets the creation of artificial volumes through non-genuine reversal trades.The investigation was conducted into trading activities spanning from April 01, 2014, to September 30, 2015. SEBI initiated proceedings following observations of large-scale reversal of trades in the illiquid stock options segment.Allegations of Non-Genuine Trading and Artificial Volumes SEBI observed...