Markets

NSE Imposes Penalty of ₹7,68,474.32 on IIFL Capital Services Limited for Client Code Modification IIFL Capital Services Limited, formerly known as IIFL Securities Limited, has reported receiving a monetary penalty from the National Stock Exchange of India Limited (NSE). The penalty pertains to the company's capacity as a Trading Member regarding client code modification procedures.The company confirmed that the NSE imposed a penalty of ₹7,68,474.32 in connection with the matter.The details regarding the action taken by the NSE are summarized below:ParticularDetailAuthority Imposing PenaltyNational Stock Exchange of India Limited (NSE)Nature of ActionPenalty imposed in relation to Client Code Modification.Penalty...

NELCO Limited Announces Financial Results and Recommends Final Dividend for FY 2026 Nelco Limited announced the key outcomes of its Board of Directors meeting held on April 20, 2026, releasing the audited financial results for the financial year ended March 31, 2026. The Board also recommended a final dividend, subject to the subsequent approval of the company’s shareholders.The meeting saw the formal approval and recording of the Consolidated and Standalone Audited Financial Results for the fiscal year ended March 31, 2026.Audit Confirmation and Financial Overview The statutory auditors, S.R. Batliboi & Associates LLP, issued Audit Reports providing an unmodified opinion on the audited financial results for the financial year ended...

Prima Plastics Ltd Announces Scheme of Arrangement; Prima Innovation Ceases Subsidiary Status Prima Plastics Ltd has announced a Scheme of Arrangement involving Prima Innovation Limited. The transaction resulted in the allotment of equity shares to Prima Plastics' shareholders and the subsequent reduction of Prima Innovation Limited's paid-up capital, effective April 20, 2026.On April 20, 2026, the Board of Prima Innovation Limited held a meeting and allotted 1,10,00,470 equity shares, each having a face value of INR 5, to the shareholders of Prima Plastics Ltd. The allotment was made to shareholders as of the record date, April 17, 2026, under the terms of the Scheme of Arrangement.The Scheme also dictates a reduction of Prima...

String Metaverse Limited Promoters to Undertake Offer for Sale of Equity Shares String Metaverse Limited announced a proposed Offer for Sale (OFS) of its equity shares by its promoter group. The transaction aims to sell a portion of the company's paid-up equity share capital through the stock exchange mechanism.The promoter group consists of Spacenet Enterprises India Limited, Yaralagadda Venkat Subba Rao, Lanka Divyabharathi, and Pendurthi Annapurna. Collectively, the sellers propose to offer up to 38,10,000 Equity Shares of String Metaverse Limited. These shares represent 3.27% of the total paid-up equity share capital of the Company.The proposed offer is scheduled to take place on two dates: April 21, 2026 (T day) for non-Retail...

Amic Forging Ltd Approves Allotment of 8 Lakh Shares and Appoints New Non-Executive Director The Board of Directors of Amic Forging Ltd held a meeting on Monday, April 20, 2026, approving significant business matters, including the allotment of 8,00,000 equity shares through the conversion of warrants and the appointment of a new Non-Executive Non-Independent Director.Allotment of Equity Shares via Warrant Conversion The Board approved the allotment of 8,00,000 equity shares, each having a face value of Rs. 10/-, at an issue price of Rs. 1211/- per share (including premium). This allotment is made pursuant to the conversion of 8,00,000 convertible warrants previously issued to the company.The process involved two stages of...

Bajaj Finserv's Insurance Subsidiaries Report Premiums for March 2026 Bajaj Finserv Limited provided details concerning its unlisted insurance subsidiaries, Bajaj General Insurance Limited and Bajaj Life Insurance Limited, reporting key premium data for March 2026, comparing it against the figures from March 2025.Bajaj General Insurance Limited Performance For the unlisted insurance subsidiary, Bajaj General Insurance Limited, the Gross Direct Premium underwritten figures showed specific increases when comparing the two financial years. The data, presented in Rupees (Rs. in crore), highlights the following trends:ParticularsMarch 2026March 2025Up-to-the month March 2026Up-to-the month March 2025Gross Direct Premium...

HCL Tech Appoints Kimsuka Narsimhan as Independent Director HCL Technologies Limited has announced the appointment of Ms. Kimsuka Narsimhan as an Independent Director, effective April 20, 2026. This appointment, which was recommended by the Nomination and Remuneration Committee, grants her status as an Additional Director to the Board of the Company.Ms. Narsimhan will serve a term of five consecutive years, starting from April 20, 2026, and concluding on April 19, 2031.The board also utilized this opportunity to reconstitute both the Audit Committee and the Risk Management Committee, with Ms. Narsimhan joining as a member of both specialized committees.Extensive Corporate Governance Experience A Chartered and Cost Accountant by...

International Travel House Ltd. To Hold Board Meeting to Review FY 2026 Results and Consider Final Dividend International Travel House Ltd. has scheduled a meeting of its Board of Directors for Monday, April 27, 2026. The board meeting is set to consider critical corporate and financial matters for the company.The agenda for the meeting includes two primary areas of focus. Firstly, the board will consider and approve the Audited Financial Results of the Company. This review will cover the Quarter and the Twelve months ended March 31, 2026.Additionally, the board is scheduled to consider and recommend the Final Dividend for the financial year ended March 31, 2026.The board meeting will address the following key financial documents...

PNB Housing Finance Posts 18.3% YoY Net Profit Growth; Assets Exceed INR 90,000 Crore Milestone PNB Housing Finance Limited (PNB Housing) today announced its consolidated audited financial results for the fourth quarter and the full financial year ended March 31, 2026. The Board of Directors approved the results, reporting robust growth in net profit and a significant milestone in Assets Under Management (AUM).Key Financial Performance Metrics The company reported strong year-on-year growth across key operational metrics for Q4 FY26 and FY26.ParticularsQ4 FY26Q4 FY25Growth (%)FY26FY25Growth (%)Loan Assets87,34775,76515.3%87,34775,76515.3%Disbursement9,3556,85436.5%26,54821,97220.8%Net Interest...

SEBI Issues Administrative Warning to SK Minerals & Additives Ltd Over IPO Disclosure Lapse SK Minerals & Additives Ltd, which was formerly known as SK Minerals & Additives Private Limited, has confirmed receiving an Administrative Warning from the Securities and Exchange Board of India (SEBI). The warning was issued following SEBI's examination of the company's SME Initial Public Offering (IPO).The communication, dated April 16, 2026, highlighted a lapse in the accuracy of corporate disclosures within the Offer Document. Specifically, SEBI observed that the tenure of the loan received from related parties was incorrectly disclosed in the document. The tenure was listed as 'Not Applicable' when it should have indicated 'on or before...

Deepak Fertilizers and Petrochemicals Corporation Limited Announces Change in Human Resources Leadership Deepak Fertilizers and Petrochemicals Corporation Limited announced a change in its senior management structure, noting the resignation of Mr. Romy Sahay and the interim appointment of Mr. Naresh Pinisetti to head the Human Resources function.Mr. Romy Sahay has resigned from his position as President - Human Resources and Senior Management Personnel. His resignation is effective from April 19, 2026, allowing him to pursue opportunities outside the company.Following Mr. Sahay’s departure, Mr. Naresh Pinisetti, currently serving as President - Corporate Governance, has assumed responsibility for leading and managing the Human...

Innovassynth Technologies to Raise Up To ₹ 70 Crore Through Rights Issue to Shareholders Innovassynth Technologies (India) Ltd, formerly Innovassynth Investments Limited, has announced plans to raise capital through a Rights Issue to its eligible equity shareholders.The company's Board of Directors, in a meeting held on March 27, 2026, approved the offer and subsequent issuance of fully paid-up equity shares. This Rights Issue is slated to aggregate up to ₹ 70,00,00,000 (Rupees Seventy Crores only).The Board approved the mechanism for distributing these equity shares via a Rights Issue to the existing equity shareholders of the company.In connection with this capital raise, the Right Issue Committee of Innovassynth Technologies...

ICICI Prudential Asset Management Company Receives SEBI Settlement Order Regarding Venture Capital Fund ICICI Prudential Asset Management Company Ltd announced on April 20, 2026, that it received a settlement order from the Securities and Exchange Board of India (SEBI). The order, dated April 16, 2026, pertains to a suo motu settlement application filed by the Company on September 17, 2025, under the SEBI (Settlement Proceedings) Regulations, 2018.The settlement proceedings relate to the winding up and liquidation of the ICICI Prudential Real Estate Scheme - I, which was structured under the ICICI Prudential Venture Capital Fund (IPVCF).Background of the Settlement The settlement addresses the history and liquidation of the IPRES...

CCI Approves Mega Merger: Solar, Pipe, and Metals Giants Merge to Create Industry Leader The Competition Commission of India (CCI) has cleared a significant corporate restructuring and combination involving several major players in India's renewable energy and infrastructure sectors. The approval paves the way for the formation of a large 'Merged Entity' that aims to consolidate multiple verticals under one umbrella.The proposed combination, approved under Section 311, involves Progressive Pipes Private Limited, Vishakha Renewables Private Limited (VRPL), Vishakha Renewables 1 Private Limited (VR1PL), Vishakha Metals Private Limited (VMPL), Vishakha Metals 1 Private Limited (VM1PL), and Vishakha Glass Private Limited (VGPL)...

Mos Utility Limited Board Approves Listing Migration and Re-Appoints Internal Auditors Mos Utility Limited announced key outcomes from its Board of Directors meeting held on April 20, 2026. The meeting addressed major corporate actions, including the planned migration of the company’s listing and the re-appointment of its internal auditor.The Board of Directors approved the migration of the listing and trading of the company’s equity shares. This migration is scheduled from the Emerge Platform of the National Stock Exchange of India Limited (NSE) to the Main Board of the National Stock Exchange of India Limited (NSE), and concurrently to the Main Board of the Bombay Stock Exchange (BSE). This process is contingent upon the approval of...

Indbank Merchant Banking Services Approves Financial Results for Year Ended March 31, 2026 Indbank Merchant Banking Services Limited announced that its Board of Directors, at a meeting held on April 20, 2026, considered and approved the audited financial results, cash flow statement, and auditors' report for the fiscal year ending March 31, 2026.The Company also reported that the statutory auditors have issued an unmodified opinion regarding the financial results for the period ending March 31, 2026.Financial Performance Overview The Statement of Audited Financial Results for the quarter ended March 31, 2026, showed various revenue streams. Total revenue from operations stood at Rs. 589.48 Lakhs for the three months ended March 31...

Kirloskar Pneumatic to Hold Board Meeting to Approve FY26 Financial Results and Recommend Dividend Kirloskar Pneumatic Company Ltd has announced that its Board of Directors will convene a meeting on Monday, April 27, 2026. The meeting is scheduled to review and approve the company's audited financial results for the quarter and the full year ended on March 31, 2026.Among the key agenda items for the meeting is the consideration and approval of the standalone and consolidated Audited Financial Results. Furthermore, the board is expected to make a recommendation regarding the final dividend, if any, to the equity shareholders.In related operational updates, Kirloskar Pneumatic Company Ltd also confirmed the status of its trading...

Patel Integrated Logistics Ltd. Announces Board Meeting for Financial Results of March 2026 Patel Integrated Logistics Ltd. has scheduled a Board Meeting of Directors to review the company's financial performance for the quarter and year ending 31st March, 2026. The meeting is set to take place on Tuesday, 12th May, 2026.During the meeting, the Board will consider and adopt the audited financial results, along with the corresponding audit report, for the period ended 31st March, 2026. A key item on the agenda is the consideration of the recommendation for a final dividend for the year ended 31st March, 2026, if applicable. The Board may also discuss any other matter with the permission of the Chairman.In addition to the results...

Prism Johnson Limited Appoints Mr. Sanjaykumar Shivajee Roy as Director and CEO Prism Johnson Limited has announced the appointment of Mr. Sanjaykumar Shivajee Roy as a Director, liable to retire by rotation, and Whole-time Director, designated as Executive Director & CEO (RMC). The appointment was approved by the company's shareholders following resolutions passed through a Postal Ballot conducted via remote e-voting, which concluded on April 17, 2025.Mr. Roy's appointment as Whole-time Director and Executive Director & CEO (RMC) is effective from March 2, 2026, and will be for a period of three years.In terms of compliance, the company confirmed that Mr. Sanjaykumar Shivajee Roy is not debarred from holding the office of Director...

Sona BLW Precision Forgings to Hold Board Meeting to Consider FY26 Results and Final Dividend Sona BLW Precision Forgings Ltd. has scheduled a meeting of its Board of Directors to review the company's financial performance and consider recommendations for the final dividend. The board meeting is set for Thursday, April 30, 2026.During this meeting, the board will address two primary agenda points concerning the financial year and quarter ending March 31, 2026.Key matters scheduled for consideration include:1. Consideration and approval of the audited standalone and consolidated financial results of the company for the quarter and financial year ended March 31, 2026. 2. Consideration and recommendation of the final dividend for the...