Markets

Phantom Digital Effects Limited Approves Capital Restructuring and CCD Issuance Phantom Digital Effects Limited announced key corporate actions following a Board of Directors meeting held on April 17, 2026. The board approved plans for a significant increase in the company's authorized share capital, the preferential issuance of Compulsorily Convertible Debentures (CCDs), and the convening of an Extraordinary General Meeting (EGM) to seek shareholder approval for these matters.Capital Structure Enhancement During the meeting, the board approved altering the Memorandum of Association (MOA) and increasing the company’s authorized share capital. The authorized capital is being increased from ₹25,00,00,000/- (Rupees Twenty Five Crore...

Vodafone Idea Limited Receives Financial Disincentive from TRAI Over Unsolicited Communication Compliance Vodafone Idea Limited has received an order from the Telecom Regulatory Authority of India (TRAI), levying a financial disincentive related to compliance failures concerning unsolicited commercial communication. The company stated that it is currently reviewing the order and evaluating its next steps in response to the directive.The financial disincentive of Rs. 21,46,000/- was imposed by TRAI under the Telecom Commercial Communications Customer Preference Regulations, 2018. The directive, which was received on 17 April 2026, relates to specific operational lapses identified by the authority.The order stems from the failure to...

Wherrelz IT Solutions Approves Capital Increase and Share Allotment Plan at Board Meeting Wherrelz IT Solutions Ltd held its Board of Directors meeting on April 17, 2026. During the meeting, the Board approved the audited financial results for the half year and the year ended March 31, 2026, alongside the Auditor's Report and Certificate of unmodified opinion.The company also finalized several key corporate actions, including proposing a significant increase in its authorized share capital and detailing a plan for issuing shares on a preferential basis to non-promoter investors.Capital Structure Expansion The Board proposed increasing the authorized share capital of the Company, subject to the approval of the members in the...

Infomedia Press Ltd Announces Audited Financial Results for FY2025-26 Infomedia Press Ltd today announced the approval of its Audited Financial Results for the quarter and full financial year ended March 31, 2026. The company released the audited financial statements along with the statutory auditors' report.The quarterly and full-year results confirm that Infomedia Press Ltd incurred a net loss of Rs. 300.20 lakh for the year ended March 31, 2026.Financial Performance Summary The Profit and Loss statement details the company's performance through the years ended March 31, 2026, and March 31, 2025. Total Income for the year stood at 60.20 lakh. The company recorded total expenses of 268.97 lakh, which included Finance Costs totaling...

Sundaram Alternate Assets to Merge with Capitalgate Investment Advisors in Corporate Restructuring Sundaram Alternate Assets Limited (SAAL) is undergoing a corporate restructuring through the amalgamation of Capitalgate Investment Advisors Private Limited (CGIA). The merger involves consolidating CGIA, a wholly-owned subsidiary of SAAL, into SAAL.The process was formally sanctioned by the Office of the Regional Director, Southern Region, Chennai, via an Order dated March 30, 2026. According to the scheme, the Appointed Date and Effective Date for the merger are scheduled for January 1, 2026, and April 17, 2026, respectively.SAAL is a wholly-owned subsidiary of Sundaram Asset Management Company Limited (SAMCL), which is itself a...

BHEL Files Lawsuit in Bengaluru Court Seeking Recovery from Raichur Power Corporation Bharat Heavy Electricals Limited (BHEL), a Government of India Undertaking, has filed a commercial lawsuit seeking the recovery of amounts due from Raichur Power Corporation Ltd. The suit has been lodged before the Bengaluru Commercial Court.The legal action pertains to amounts owed to BHEL under a contract for the supply of services and equipment. Specifically, the suit relates to work executed for the 2 X 800 MW Units and associated works at the Yeramaras Thermal Power Station.The details of the commercial claim, filed on April 17, 2026, are summarized below:DetailDescriptionPlaintiffBHELDefendantRaichur Power Corporation Ltd...

Sat Kartar Shopping Limited Changes Name to Sat Kartar Life Limited Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has successfully completed the transition to a new corporate name. The company confirmed its name change following approval received on April 17, 2026.The exchange confirmed the change in the company's official master records, stating that the name of the entity will be officially changed and effective from April 23, 2026.The core details of the name change are as follows:Sr. No.SymbolExisting Name of the CompanyNew Name of the Company1SATKARTARSat Kartar Shopping LimitedSat Kartar Life LimitedThe entity, which trades under the symbol SATKARTAR, is now formally recognized as Sat...

NTPC Green Energy Ltd Solar Capacity Rises with Commercial Operation of Rajasthan Project NTPC Green Energy Ltd, a subsidiary of NTPC Limited, announced the declaration of commercial operation for a significant solar project located in Rajasthan. The capacity addition enhances the group's total installed renewable power capacity.The solar project, owned by Project Eleven Renewable Power Private Limited, which is a step down subsidiary of ONGC NTPC Green Private Limited, declared 87.50 MW of capacity on Commercial Operation. This quantum represents a portion of a total installed capacity of 150 MW Solar Project. The operational commencement was effective from April 19, 2026.This development marks a substantial growth milestone for...

Eco Hotels And Resorts Ltd Announces Audited Financial Results for FY26 Eco Hotels And Resorts Ltd announced the approval of its audited financial results for the quarter and financial year ended March 31, 2026, on April 17, 2026. The Board of Directors confirmed the approval of both the Standalone and Consolidated Audited Financial Results.The company noted that the revenue for the quarter ended March 31, 2026, showed an increase of 35% compared to the December 2025 quarter.K. M. Garg & Co., Statutory Auditors, issued audit reports confirming an unmodified opinion on the standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.Financial Performance Overview The audited financial...

Adani Power Secures ICRA Ratings for Combined Debt Facilities Adani Power Ltd has received ratings from ICRA Limited regarding its additional term loan facilities and non-fund based facilities. The rating agency has also reaffirmed the ratings assigned to the company's existing bank facilities and proposed Non-Convertible Debentures (NCDs).ICRA Limited assigned ICRA AA/Stable and ICRA A1+ credit ratings to these combined facilities.The ratings affirmed and assigned to Adani Power Limited's facilities are detailed below:FacilitiesAmount (Rs. Crore)RatingRating ActionLong - term - Fund based - Term loan35223.7ICRA AA/StableAssigned / ReaffirmedLong - term - Fund based - Term loan (Others)15050ICRA AA/StableReaffirmedShort...

Orosil Smiths India Ltd. Takes Lease of Property in Noida for Eleven Months Orosil Smiths India Ltd. has initiated a lease agreement for a commercial property located in Noida. The company announced that it has taken on lease the premises situated at Basement Floor, Property No. A -18, Sector -6, Noida, District Gautam Budh Nagar, Uttar Pradesh.The agreement establishes the company's operational presence at the site for a duration of eleven months. The company stated that the transaction falls within the ordinary course of its business activities.The corporate update was issued on April 17, 2026.Stock Price Movement Orosil Smiths India Ltd. shares settled at ₹6.04 on Friday, completing the session down 4.73%. Throughout the...

Aditya Birla Money Appoints Amit Lahoti as Head - Equity Research Aditya Birla Money Limited announced the appointment of Mr. Amit Lahoti as the Head - Equity Research, designating him as Senior Management Personnel of the company. The appointment was approved by the Board of Directors of Aditya Birla Money Limited during a meeting held on April 17, 2026.Mr. Lahoti's appointment, which is effective from April 17, 2026, aims to strengthen the company's core senior management team within the equity research vertical.The Board noted that Mr. Amit Lahoti is a seasoned Equity Research Professional with a professional tenure spanning over 15 years. His extensive experience covers the global and Indian Metals & Mining sectors.His...

Niyogin Fintech Board Approves Shareholding Dilution in Iserveu for Subsidiary Fund-Raise Niyogin Fintech Ltd announced on April 17, 2026, that its Board of Directors considered and approved the potential dilution or reduction of the shareholding in its material subsidiary, Iserveu Technology Private Limited. This corporate action is linked to a proposed fund-raise by Iserveu.The Board approved the consideration of a reduction of Niyogin Fintech's shareholding in Iserveu, effective up to a 10% percentage basis. The dilution is set to occur through any means, in full or in part, at one time or over time. The move aims to facilitate the induction of potential investors into Iserveu and address potential changes or modifications of...

Niyogin Fintech Board Resolves to Evaluate Strategic Opportunities Niyogin Fintech Limited, a publicly listed fintech platform, has announced a strategic decision following a meeting of its Board of Directors held on April 17, 2026.The Board of Directors of the Company, during its meeting on this date, resolved to evaluate all strategic opportunities and review requirements as and when material developments arise.Niyogin Fintech Limited, which trades under BSE scrip code 538772, is a B2B company that operates through a technology-centric platform model. The company caters specifically to India's underserved Micro, Small, and Medium Enterprises (MSMEs).Niyogin delivers 'Banking as a Service' (BaaS) platforms and credit services in...

Ontic Finserve Ltd Announces Board Meeting for Approval of Q4 FY26 Financial Results Ontic Finserve Ltd has scheduled its Board of Directors meeting for Wednesday, April 22, 2026. The primary purpose of the meeting is to review and formally approve the audited financial results of the company for the Quarter and Year ended March 31, 2026.The company is set to consider, approve, and take on record the audited financial statements and the accompanying Auditors' Report for the specified fiscal period.In alignment with corporate governance protocols, the company also issued an update regarding its trading window. The trading window was closed for designated persons, connected persons, and their immediate relatives starting on Wednesday...

Thomas Cook (India) Limited Confirms GST Demand Following Appellate Rejection Order Thomas Cook (India) Limited announced that an appeal application, filed before an Appellate Authority on July 2, 2025, has been rejected. The rejection came via an order dated April 17, 2026, received from the Joint Commissioner of State Tax, Behala, West Bengal.The order confirms a demand related to non-payment of Goods and Services Tax (GST) on inward supplies liable to reverse charge.According to the details received, the confirmed demand carries specific financial components:ComponentAmount (INR)BasisConfirmed Demand1,99,322Non-payment of GST on inward supplies liable to reverse chargeInterest1,35,660Under Section 50 of the CGST Act...

Asian Hotels (North) Limited Appoints Mr. Sachin Goel as Director of Finance Asian Hotels (North) Limited announced the appointment of Mr. Sachin Goel as Director of Finance to its senior management. The Board of Directors approved this appointment effective April 17, 2026, following a recommendation from the Company's Nomination and Remuneration Committee.The Board of Directors passed the approval via Circular Resolution No. 02/2026-27 on April 17, 2026. Mr. Goel's appointment is designated as Full Time Employment.The company provided a detailed profile of the newly appointed director, outlining his professional history and core areas of expertise.ParticularsDetailsReason for ChangeThe Board of Directors appointed Mr. Sachin...

Alicon Castalloy Limited Appoints Ishaan Rai as Additional Director; Pamela Rai Steps Down Alicon Castalloy Limited announced changes to its board composition following a board meeting held on April 17, 2026. The company appointed Mr. Ishaan Rai as an Additional Director and confirmed the resignation of Ms. Pamela Rai, Non-executive Non-Independent Director. Both changes are effective from May 12, 2026.Mr. Ishaan Rai, bearing DIN: 06802018, was appointed as the Additional Director. His appointment details, along with the resignation of Ms. Pamela Rai, were reported to the relevant exchanges.Ms. Pamela Rai resigned from her position as a Non-executive Non-Independent Director due to other commitments.Director Profile and...

Acme Solar Holdings Reports 16 MW Wind Power Commissioning Certificate for Gujarat Project ACME Solar Holdings Limited has announced that its subsidiary, ACME Eco Clean Energy Private Limited, has successfully received the Certificate of Commissioning for a 16 MW wind power project. The certificate was issued on April 16, 2026, by the Gujarat Energy Development Agency (GEDA).The commissioning of the 16 MW wind power project marks a significant operational milestone for ACME Eco Clean Energy Private Limited, which operates under ACME Solar Holdings Limited.The project is located in Gujarat at Village: Nana Morsal, Mota Kandhasan, Dhinkvali and Dhakaniya. The site falls within Taluka: Chotila, Sayla, and the district of Surendranagar...

TCS Issues Statement on Nashik Matter, Details Internal Investigation and Key Facts Tata Consultancy Services Limited (TCS) issued a statement regarding the recent matter in Nashik, detailing the steps the company has taken to ensure a thorough and transparent review. The statement outlines the immediate actions taken by TCS leadership and provides specific clarifications regarding the company’s operations and personnel.In response to the situation, TCS confirmed that it engaged the services of independent expert teams, including Deloitte and the prominent law firm Trilegal. These services are supporting an internal investigation led by Ms. Aarthi Subramanian, President and COO, TCS.To oversee the process, the company also...