Markets

Systematix Corporate Services Appoints Veteran IAS Officer Vijaykumar Gautam as Independent Director Systematix Corporate Services Ltd. successfully appointed veteran Indian Administrative Service (IAS) officer, Mr. Vijaykumar Gautam, as a Non-Executive Independent Director. The appointment was approved by the company’s members during the Extra-Ordinary General Meeting (EGM) held on April 17, 2026.The appointment marks Mr. Gautam's transition in designation to Non-Executive Independent Director. The board approved his tenure for a period of five years, effective from January 21, 2026, through January 20, 2031.Mr. Vijaykumar Gautam, holding DIN 07358773, brings a wealth of experience from both state and central government roles. He...

Marico to Host Investor Call to Discuss Q4FY26 Financial Results Marico has announced an investor and analyst conference call scheduled for Tuesday, May 5, 2026. The event will provide management commentary on the financial results and operations for the quarter and the full financial year ended March 31, 2026.The conference call will follow the announcement of Marico Limited's financial results for the period. Management representatives for the company on the call will be Mr. Saugata Gupta, Managing Director & CEO, and Mr. Pawan Agrawal, Group CFO & CEO - International Business.The Company's financial results for the quarter and year ending March 31, 2026, are expected to be available on its corporate website after approval by the...

Mahesh Developers Ltd Appoints New Statutory and Secretarial Auditors The Board of Directors of Mahesh Developers Ltd. held a board meeting on April 17, 2026, during which the company reviewed and approved several key appointments regarding its audit and compliance functions. The Board formally took note of the resignation of the previous statutory auditor and approved the appointment of new professional auditors to fill both the statutory and secretarial audit roles.Resignation of Statutory Auditor The Board took note of the resignation of M/s. Bhairavi & Associates, Chartered Accountants, from the position of Statutory Auditor. The resignation was tendered by CA Bhairavi M Shah, Proprietor of M/s. Bhairavi & Associates, stating her...

Lemon Tree Hotels Expands Presence in Gujarat with New Signing in Garudeshwar Lemon Tree Hotels Limited has strengthened its footprint in Gujarat by announcing the signing of a new property, the Lemon Tree Hotel, Garudeshwar. This expansion marks the brand's 32nd property in the state, emphasizing the group's strategic focus on growing its presence in tourism and pilgrimage-led markets.The new Garudeshwar hotel will be managed by Carnation Hotels Private Limited, which is a wholly owned subsidiary of Lemon Tree Hotels Limited. The property is designed to feature 90 well-appointed rooms, alongside various amenities, including a restaurant, a banquet hall, a meeting room, a swimming pool, spa, and a fitness center.This latest addition...

Shalby Ltd Independent Director Vijay Kedia Resigns Due to Professional Commitments Shalby Ltd announced the resignation of Mr. Vijay Kishanlal Kedia as an Independent Director of the Company. Mr. Kedia's resignation is effective from the close of business hours on April 30, 2026.The Board of Directors of Shalby Ltd has noted that Mr. Kedia tendered his resignation letter citing "increasing professional commitments and time constraints" as the reasons for his stepping down.The Board expressed appreciation for Mr. Kedia’s valuable contribution and guidance during his tenure as an Independent Director. Mr. Kedia confirmed that there are no material reasons for his resignation other than the professional commitments and time...

Bondada Engineering Ltd Allots 78,000 Shares to Employees Under ESOP Plan Bondada Engineering Limited announced the allotment of 78,000 fully paid-up equity shares to its employees. The shares were allotted pursuant to the exercise of options granted under the 'BELEmployees Stock Option Plan 2024' (ESOP 2024).The allotment of the 78,000 equity shares, each having a face value of Rs. 2/-, occurred during the Board of Directors' meeting held on April 17, 2026.The shares allotted under the ESOP 2024 are set to rank pari-passu, in all respects, with the existing Equity Shares of the Company.Capital Structure Update Following the allotment of the shares, the total issued, subscribed, and paid-up equity share capital of Bondada...

Alicon Castalloy Ltd Allots 75,000 Equity Shares to Employees Under Stock Options Scheme Alicon Castalloy Ltd reported a material corporate action following the outcome of its Board of Directors meeting held on April 17, 2026. The company announced the allotment of 75,000 Equity Shares to employees who exercised options under its established Employees Stock Options Scheme-2022.During the meeting on April 17, 2026, the Board of Directors formalized the allotment process. The shares were allotted against the exercise of an equal number of options by the company's employees.The key details of the share allotment are summarized below:ParameterDetailsCompanyAlicon Castalloy LtdDate of AllotmentApril 17, 2026Total Shares...

City Union Bank to Hold Board Meeting to Approve Financial Results, Dividend, and Bonus Declaration City Union Bank Ltd announced that a meeting of its Board of Directors is scheduled for Monday, April 27, 2026. The meeting is set to consider and approve key corporate actions for the bank.The main agenda items to be discussed during the meeting include:The audited Standalone Financial Results of the Bank for the Quarter and the year ended March 31, 2026. The recommendation of a dividend, if any, on the bank's equity shares for the Financial Year 2025-26. The declaration of bonus shares, if any, which will remain subject to the approval of the bank's shareholders.Regarding market activity, the bank also confirmed that the trading...

Space Incubatrics Technologies Appoints New Directors and Records Multiple Departures Space Incubatrics Technologies Ltd has announced significant changes to its board composition, recording the appointment of two new directors and the resignation of two existing board members, effective April 17, 2026.The company, with BSE Scrip Code 541890 and ISIN INE797Z01028, confirmed the structural adjustments following a meeting of its board of directors on April 17, 2026.New Director Appointments The board appointed Mr. Nand Kishore Ray as an Additional Non-Executive & Non-Independent Director, effective April 17, 2026.Details regarding Mr. Nand Kishore Ray are as follows:AttributeDetailDIN11626638Father's NameMr. Kalewar Ray...

Dish TV India Ltd. Names Three Independent Directors Following Shareholder Vote Dish TV India Ltd. announced the approval of the appointment of three new Independent Directors following the proceedings of a Postal Ballot held on April 17, 2026. The appointments were approved by the members of the Company.The company confirmed the appointments of Mr. Arun Kumar Kapoor, Ms. Heena Naishadh Bhatt, and Mr. Ashok Anant Paranjpe. All three are slated to serve for a first term of five consecutive years.The appointments follow mandatory guidelines for Uplinking and Downlinking of Television Channels, which require prior approval from the Ministry of Information and Broadcasting for director appointments.Mr. Arun Kumar Kapoor (DIN...

Nandan Denim to Acquire 6.1% Stake in Renewable Power SPV for Bareja Plant Nandan Denim Ltd. announced a strategic move to secure renewable power sources, detailing its plan to acquire a significant equity stake in a Special Purpose Vehicle (SPV) managing wind and solar power generation. The investment aims to help the company reduce power costs at its Bareja Plant.The acquisition was approved during a Board of Directors meeting held on April 17, 2026. Nandan Denim Ltd. plans to enter into a Share Transfer cum Shareholders' Agreement with M/s. Opera Vayu (Narmada) Private Limited (the SPV) and Shivman Wind Energy Private Limited, which is serving as the Promoter and Project Implementer.Through this agreement, Nandan Denim Ltd. will...

Johnson Pharmacare Board Approves Resignations of Two Directors Johnson Pharmacare Limited announced that its Board of Directors approved the resignations of two directors, Mr. Rajender Parsad and Mr. Umesh Kumar, effective April 17, 2026. The board meeting, held on Friday, April 17, 2026, approved these changes, citing personal and unavoidable reasons for both departures.The company confirmed that both resigning directors provided explicit statements confirming there were no other material reasons for their resignations besides those stated.Mr. Rajender Parsad Steps Down Mr. Rajender Parsad, an Additional & Non-Executive Director, resigned from his position, effective April 17, 2026. Mr. Parsad's resignation announcement confirmed...

Onesource Specialty Pharma Secures Renewal of EU-GMP Certification for Flagship Unit II Facility Onesource Specialty Pharma Limited announced that it has successfully renewed the European Union Good Manufacturing Practices (EU-GMP) certification for its Unit II manufacturing facility. The renewal followed an inspection conducted by a European regulatory authority.The flagship Unit II facility, situated in Bengaluru, represents a key manufacturing site for the company. The facility is equipped for integrated biologics drug-substance and drug-product manufacturing, providing specialized capabilities in drug-device combinations and sterile injectable products.The successful renewal of this EU-GMP certification underscores the company's...

Goyal Aluminiums Ltd Appoints New Directors and Reconstitutes Key Board Committees Goyal Aluminiums Ltd announced key governance changes following a Board of Directors meeting held on April 17, 2026. The board approved the appointment of two new additional directors and the reconstitution of several critical board committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.The Board of Directors approved the appointment of Ms. Pushpa Joshi and Mr. Saurabh as Additional Directors. Both appointments are for the capacity of Non-Executive Independent Directors and are subject to the approval of the Company's shareholders.Details regarding the appointments are as follows...

Avalon Technologies Limited Receives Credit Rating Assignment from Crisil Ratings Avalon Technologies Limited has received credit ratings from Crisil Ratings regarding its bank facilities. The ratings confirm the status of the company's total bank loan facilities.The credit rating assignment covers a total of Rs.140 Crore in bank loan facilities. Crisil Ratings assigned specific ratings for both long-term and short-term obligations for Avalon Technologies Limited.The details of the credit rating are as follows:Rating ComponentRating AssignedTotal Bank Loan Facilities RatedRs.140 CroreLong Term RatingCrisil A/StableShort Term RatingCrisil A1The credit rating details concerning Avalon Technologies Limited were...

Aditya Birla Money Approves Audited Financial Results for FY 2026 Aditya Birla Money Limited announced the outcome of its Board of Directors meeting held on April 17, 2026. The Board approved the Audited Financial Results for the Quarter and Financial Year ended March 31, 2026, following recommendations from the Audit Committee.The company released detailed financial statements covering revenue, segment performance, assets, liabilities, and cash flows for the specified periods.Financial Highlights (P&L Statement) The Statement of Audited Financial Results provided a comprehensive view of the company's performance.The primary financial results for the quarter and year ended March 31, 2026, are summarized below:MetricQuarter...

Dredging Corporation of India Signs ₹2,157.07 Crore Fuel Supply MoU with IOCL Dredging Corporation of India Limited (DCI) has entered into a strategic Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) for the supply of fuel to DCI's dredging fleet. The agreement, valued at ₹2,157.07 crores, is set for a period of five years.The MoU, signed on April 16, 2026, underscores DCI's resilience amid ongoing disruptions within the energy sector. The partnership is designed to ensure a steady and reliable fuel supply for DCI's operations across the country, thereby strengthening the company's operational preparedness for critical maritime infrastructure services.The collaboration aims to maintain operational...

Indian Emulsifiers Limited Approves Rs 10 Crore Allotment of Series A Non-Convertible Debentures Indian Emulsifiers Limited announced that its Board of Directors, at a meeting held on April 17, 2026, approved the allotment of Non-Convertible Debentures (NCDs) aggregating to Rs 10,00,00,000/-. This capital infusion was executed through a Private Placement basis, with the funds going to LC Venture Debt Fund.The company approved the allotment of 100 'Series A - 13.75 %Fixed Rated, Unlisted, Secured, Unrated, Non-Convertible Debentures' to LC Venture Debt Fund. Each debenture has a face value of Rs 10,00,000/- (Rupees Ten Lakh only), and the total size of the issue is Rs 10,00,00,000/- (Rupees Ten Crore only).The issued debentures carry...

Space Incubatrics Technologies Appoints Nand Kishore Ray as Additional Non-Executive Director Space Incubatrics Technologies Ltd. held a Board of Directors meeting on April 17, 2026. During the meeting, the Board approved the appointment of Mr. Nand Kishore Ray as an Additional Non-Executive and Non-Independent Director of the Company. The appointment was effective from April 17, 2026.The appointment was made by the Board of Directors of Space Incubatrics Technologies Ltd. Mr. Nand Kishore Ray, whose Director Identification Number (DIN) is 11626638, will serve in the capacity of an Additional Non-Executive Director.Details of the appointed director, Mr. Nand Kishore Ray, are as follows:DetailInformationNameMr. Nand Kishore...

3i Infotech Joins SAP Partner Ecosystem to Boost Enterprise Transformation Capabilities 3i Infotech Limited, a global IT services and solutions group, has announced a strategic expansion into the SAP ecosystem. The company's wholly owned subsidiary, 3i Infotech Inc., USA, has been onboarded into the SAP Partner Ecosystem under the PE Service Partnership model. This move focuses specifically on accelerating services related to SAP Cloud ERP and broader enterprise transformation capabilities.This partnership is a significant development in 3i Infotech's cloud-led and lifecycle-driven SAP strategy. The engagement enables the global IT services provider to support enterprises across the full SAP landscape, including SAP S/4HANA Cloud...