Markets

Shakti Press Ltd. To Hold Board Meeting on April 23, 2026, to Discuss Rights Issue Details Shakti Press Ltd. has announced that its Board of Directors will meet on Thursday, April 23, 2026. The meeting is scheduled to take place at the Registered Office of the Company.The primary focus of the board meeting will be the discussion, consideration, and approval of key corporate actions related to a proposed Rights Issue.The agenda items set for the Board include:The brief term of the Rights Issue, covering the offered Equity shares, the specific issue price per equity share, the Right entitlement ratio, and the Terms of Payment. Determination of the Record date, timing of the Rights Issue, and other matters associated with or...

R R Kabel Ltd To Hold Board Meeting on April 30, 2026, To Approve FY2026 Results and Dividend R R Kabel Limited announced that its Board of Directors meeting is scheduled for Thursday, April 30, 2026. The meeting is set to consider and approve key financial results and recommend the final dividend for the fiscal year ended March 31, 2026.The board meeting is scheduled to address two primary agenda items related to the company's performance and shareholder returns.The key deliberations scheduled for the Board Meeting include:Agenda ItemDescriptionRelevant PeriodFinancial Results ApprovalConsidering and approving the Audited Standalone and Consolidated Financial Results, and taking on record the Reports of the Auditors...

Dairy Giant Akshayakalpa Organic Unveils Massive ₹200 Cr Push into Mumbai and Pune Markets Bengaluru-headquartered Akshayakalpa Organic, a leading certified organic dairy and poultry brand, has announced a major strategic expansion into the thriving Maharashtra market. The company committed an investment of approximately ₹200 crore over the next four years to establish a strong presence in Mumbai and Pune.The foray signals a significant push into one of India's most commercially vibrant regions. Currently, the company operates in Karnataka, Tamil Nadu, and Telangana.Akshayakalpa Organic CEO and Founder, Shashi Kumar, stated that the brand currently achieves a revenue of ₹550-600 crore in the 2025-26 fiscal year across its existing...

Eimco Elecon Executes Sale Deed for Land Acquisition in Gujarat Eimco Elecon (India) Limited has confirmed the successful execution of the Sale Deed(s) for the purchase of a parcel of land. The transaction was finalized on April 20, 2026, completing the acquisition that the company had previously intimated to the stock exchanges.The company confirmed that the land is located in Kanjari, Ta. Nadiad, Dist. Kheda, Gujarat, and is being acquired on a freehold basis. This acquisition is aimed at supporting the company's future business outlook.The sale deed was executed with three sellers: Nirav Gopalbhai Patel, Kashyap Gopalbhai Patel, and Jyotsanaben Gopalbhai Patel.The transaction details reveal that the full and final settlement...

SML Mahindra Ltd Approves FY 2026 Results, Recommends Rs. 23.50 Dividend Per Share SML Mahindra Ltd announced the outcome of its Board Meeting held on April 20, 2026, confirming the approval of its Audited Financial Results for the fourth quarter and the entire financial year ended March 31, 2026. The Board also recommended a final dividend for the financial year.During the meeting, the company confirmed that its Statutory Auditors, M/s B S R & Co. LLP, issued an audit report with an unmodified opinion on the financial results for the year ended March 31, 2026.The Board recommended a Final Dividend of 235% (Rs. 23.50 per share) for the financial year ending March 31, 2026.Key Corporate Governance Updates In terms of corporate...

Spandana Sphoorty Financial Approves Issuance of Up to ₹500 Crore in NCDs Spandana Sphoorty Financial Ltd announced that its Management Committee of the Board of Directors approved the issuance of up to 5,00,000 Non-Convertible Debentures (NCDs). The approval was granted during the committee meeting held on Monday, April 20, 2026.The company plans to raise funds through a private placement of Listed, Rated, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures. Each debenture has a face value of ₹10,000. The total issue size approved is up to ₹ 500,00,00,000 (Rupees five hundred crore only), which includes a green shoe option of 2,00,000 NCDs, amounting to ₹ 200,00,00,000 (Rupees two hundred crore only).Key financial...

Interarch Building Solutions Secures Domestic Order for Pre-Engineered Steel Building System Interarch Building Solutions Ltd, formerly known as Interarch Building Products Limited, has secured a significant domestic contract for the design, engineering, manufacturing, supply, and erection of a Pre-Engineered Steel Building System.The company confirmed that the order was awarded by a domestic entity. While the name of the customer could not be disclosed due to commercial considerations, the contract represents a major business win for the firm.According to the details provided, the contract is slated for completion within approximately 6 months. The total commercial consideration for the order is valued at approximately Rs. 80...

Supply Crisis Containment: IOCL Vows Mizoram Stability as West Asia LPG Disruptions Loom IOCL officials have issued a strong assurance to the public, confirming that ongoing global LPG supply disruptions linked to the West Asia conflict will have absolutely no negative impact on Mizoram. Authorities urged citizens to maintain calm, emphasizing robust local mechanisms put in place to sustain critical household supply rates.The briefing highlighted ongoing efforts to streamline the entire booking process and prevent potential instances of gas theft. IOCL confirmed it is currently supplying over 8,000 cylinders daily to 2,97,000 households across the state, maintaining the exact supply rate that was recorded even before the recent...

LIC Reports Change in Senior Management Personnel at Zonal Training Centre, Jamshedpur Life Insurance Corporation of India (LIC) reported a change in its Senior Management Personnel (SMP) on April 20, 2026. The change occurred as Mr. Manoj Kumar Panda joined the corporation as Director, Zonal Training Centre, Jamshedpur.This transition marked the cessation of the SMP position previously held by Smt. Neelam Kujur.The details of the personnel update are as follows:S. No.Name of the officialDesignation1Smt. Neelam KujurPrincipal, Zonal Training Centre, JamshedpurLICI Stock Price Movement Life Insurance Corporation Of India shares today slipped by 1.78% to close at ₹828.1. The stock saw substantial activity during the...

Piramal Finance Ltd to Hold Board Meeting on April 27 for FY2026 Results and Dividend Recommendation Piramal Finance Ltd, formerly known as Piramal Capital & Housing Finance Limited, has announced that its Board of Directors will meet on Monday, April 27, 2026. The primary focus of the meeting will be to consider and approve the audited financial results for the quarter and the full financial year ended March 31, 2026.At the Board meeting, the directors are also scheduled to consider and potentially recommend the payment of a dividend on the company's equity shares for the financial year.The company also issued an update regarding its trading window for its securities. The trading window was observed to be closed from Wednesday...

Axis Bank to Host Earnings Call for Financial Results Ending March 31, 2026 Axis Bank Ltd has announced an earnings call for analysts and investors to discuss the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.The Bank’s senior management will participate in the call, where they are expected to discuss the detailed financial results with all participants.The earnings call is scheduled for April 25, 2026, at 6:00 P.M. IST.Axis Bank provided the following details for the conference call:DetailInformationDateApril 25, 2026Time6:00 P.M. (IST)Universal Dial-In Numbers+91 22 6280 1253 / +91 22 7115 8154International Toll FreeHong Kong: 800964448, Singapore: 8001012045...

iSERA Lifesciences Defers Board Meeting Scheduled for April 20, 2026, Over Preferential Issue iSERA Lifesciences Limited, formerly known as Covid Technologies Limited, has announced the deferment of its Board Meeting originally scheduled for Monday, April 20, 2026.The company confirmed that the postponement of the meeting is due to the requirement of additional time needed to finalize certain procedural and documentation-related formalities connected with a proposed preferential issue.The Board Meeting was initially scheduled to consider and approve the preferential issue of equity shares of the company on a private placement basis, in addition to reviewing other key business matters. iSERA Lifesciences Limited had previously...

Dhara Rail Projects Secures Work Order for Railway Electrical Substation Maintenance Dhara Rail Projects Limited has secured a significant work order from the North Western Railway's Jodhpur Division, focusing on the electrical infrastructure of a key substation. The contract covers the preventive schedule maintenance, operation, troubleshooting, and upkeep of the Electrical substation at JU for a period of two years.The contract, awarded by the Jodhpur Division-Electrical DRM Office, NWR, Jodhpur, Rajasthan, amounts to Rs. 14314716.43. This figure includes Goods and Services Tax (GST).The work order specifically covers the maintenance and upkeep services for the electrical substation, with the defined operational period spanning 24...

Aeroflex Industries Highlights Liquid Cooling Solutions at Data Center World 2026 in Washington Aeroflex Industries Limited is focusing its global efforts on advanced data center infrastructure, announcing its participation in the Data Center World Exhibition in Washington, USA. The company will showcase its comprehensive portfolio of advanced flexible flow solutions designed for liquid cooling systems.The exhibition is scheduled to take place from April 20 to April 23, 2026.This participation underscores Aeroflex Industries Limited's strategic commitment to the high-growth data center sector. The company aims to present its next generation thermal management technologies to the global market, reinforcing its expertise in critical...

Jindal Saw Ltd. Board to Meet on April 27, 2026, to Approve Financial Results and Dividend Jindal Saw Ltd. announced that a meeting of its Board of Directors is scheduled for Monday, April 27, 2026, in New Delhi. The board is set to consider and approve key financial documents for the year ended March 31, 2026, and recommend dividend payments to shareholders.During the meeting, the board will address three main agenda points. These include considering and approving the Audited Standalone and Consolidated Financial Results for the quarter/year ended March 31, 2026. Additionally, the board will approve the Audited Standalone and Consolidated Financial Statements for the full year ended March 31, 2026. Finally, a key item on the agenda...

Uganda Boosts Ties with India: Oil Promise and Investment Push Drives India-Africa Collaboration Uganda has signaled a deep commitment to facilitating Indian investments, aiming to significantly strengthen the economic cooperation between the two nations. The message was delivered at the India-Uganda Business Forum in Ahmedabad, underscoring the robust bilateral relationship between the countries.The forum, organized by the Confederation of Indian Industry (CII) in partnership with the Uganda High Commission in India, brought together key business leaders and senior government representatives. The gathering was specifically designed to map out new avenues for enhanced trade and deep sectoral collaboration.Leveraging Uganda's...

Godawari Power and Ispat Ltd Reduces Stake in Ardent Steel Private Limited Godawari Power and Ispat Ltd (GPIL) has finalized the transfer of a further tranche of its equity stake in Ardent Steel Private Limited (ASPL). The recent transaction marks a significant reduction in GPIL's holding in the associate company.In previous announcements, GPIL had detailed plans regarding the disposal of its entire stake of 37.85% held in Ardent Steel Private Limited. This comprehensive disposal was originally noted to yield a total consideration of Rs 90.87 Crores.The latest update confirms the completion of the third tranche of the stake transfer on 20.04.2026.According to the details released, Godawari Power and Ispat Limited transferred...

POSCO and JSW Steel Forge Mega Alliance: $7.3 Billion Plant Set to Reshape Indian Steel Market South Korea's POSCO Group has announced a monumental strategic move into India, finalizing a massive joint venture with JSW Steel. The collaboration aims to build a sprawling integrated steel mill in Odisha, India, marking a significant push by POSCO to establish a robust production hub in South Asia.The partnership represents a joint investment valued at 10.7 trillion won, equating to $7.3 billion. This deal is a key component of POSCO Group's broader strategy to strengthen its global supply chain footprint.Joint Venture Details and Infrastructure Scale The agreement was officially signed by POSCO Group Chairman Chang In-hwa and JSW Steel...

Vedanta Ltd Approves Composite Scheme of Arrangement, Setting May 1, 2026, as Effective Date Vedanta Ltd has announced key approvals for a comprehensive reorganization scheme involving four major undertakings. The Board of Directors held a meeting on April 20, 2026, and approved making the Scheme effective on May 1, 2026. Furthermore, the Board fixed May 1, 2026, as the record date for identifying eligible shareholders.The Scheme details consideration for the demerger of four key units: Aluminum, Merchant Power, Oil and Gas, and Iron Ore.Consideration Ratios for Demerger As part of the Scheme, the following consideration will be issued to eligible shareholders based on their holdings as of the record date:UndertakingResulting...

IEX Issues Clarification on CERC Draft Notification Regarding Market Coupling Norms Indian Energy Exchange Ltd (IEX) provided clarification concerning a news article published on April 20, 2026, regarding a draft notification issued by the Central Electricity Regulatory Commission (CERC) on market coupling norms.The news article, which noted that IEX shares had fallen 6% following the release of the draft notification, pertains to amendments proposed by CERC to the CERC (Power Market) Regulations, 2021. These proposed changes are detailed in the CERC (Power Market) (Second Amendment) Regulations, 2026.IEX stated that the draft regulations have been issued solely for stakeholder consultation and are available in the public domain on...