Markets

Kesoram Industries Updates Income Tax Demand for AY 2024-25 Kesoram Industries Ltd has reported an update regarding its Income Tax Assessment Order pertaining to the Assessment Year (AY) 2024-25.The Company had previously received an Income Tax Assessment Order under section 143(3) read with section 144B of the Income Tax Act, 1961, which had initially raised a demand of X 70.54 Crores. At the time, the Company had represented against this demand before the appropriate authority.The Company stated that, based on the order recently received, the demanded amount has been significantly reduced. The tax demand now stands at X 6.03 Crores, down from the initial figure of X 70.54 Crores.Kesoram Industries is currently examining the...

Genus Prime Infra Ltd Shares Allotted Through Scheme of Arrangement Genus Prime Infra Limited has announced the allotment of equity shares through a Scheme of Arrangement involving several related corporate entities. The transaction concerns the allotment of 3,22,35,205 Equity Shares in Genus Prime Infra Limited.The allotment of shares was executed pursuant to a Scheme of Arrangement covering Genus Prime Infra Limited (the Resulting Company), alongside Sansar Infrastructure Private Limited (SIPL), Star Vanijya Private Limited (SVPL), Sunima Trading Private Limited (STPL), Genus Power Infrastructures Limited (GPIL), and Yajur Commodities Limited (YCL). The transaction affects the respective shareholders and creditors of these...

Jolly Plastic Industries Ltd. Announces Resignation of Company Secretary & Compliance Officer Jolly Plastic Industries Ltd. has announced the resignation of Ms. Sandhya Yadav from the position of Company Secretary and Compliance Officer. Ms. Yadav's tenure with the company concludes effective 30 March, 2026.Ms. Yadav, who was appointed to the role on 29 November, 2024, tendered her resignation citing personal reasons. She confirmed that her departure is purely due to personal commitments and that there are no other material reasons or unresolved disputes with the company.The key details regarding the change in office bearer are as follows:DetailInformationIndividualMs. Sandhya YadavPositionCompany Secretary & Compliance...

CRISIL Records Strong Q1 Growth, Reports 30.1% Surge in Income from Operations Crisil Ltd announced its unaudited financial results for the first quarter ended March 31, 2026, showing significant growth across its operational segments and a declared interim dividend of Rs 9 per share.The Board of Directors approved the results, highlighting that the company's consolidated income from operations for the quarter ended March 31, 2026 (01 FY26), was up 30.1% to Rs 1,057.7 crore. Consolidated total income for 01 FY26 rose 29.6% to Rs 1,093.7 crore, compared with Rs 843.8 crore in the corresponding quarter of the previous year.Profit before tax (PBT) saw a jump of 35.7% to Rs 308.4 crore in 01 FY26, up from Rs 227.3 crore in the...

Crompton Greaves Consumer Electricals Wins Contract with MSEDCL for Solar Water Pumping Systems Crompton Greaves Consumer Electricals Limited has secured a significant rate contract and empanelment from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order is for the design, manufacture, supply, installation, testing, and commissioning of Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS).The total work order value stands at approximately Rs. 71.75 Crores (Rupees Seventy One Crores and Seventy Five Lakhs Only approximately), excluding GST. This contract is specifically related to the MTSKPY/ PM-KUSUM-B scheme, covering various locations across the State of Maharashtra.The company has won the...

Indian Emulsifiers Limited Approves Rs 20 Crores Fund Raise via Non-Convertible Debentures Indian Emulsifiers Limited announced that its Board of Directors, at a meeting held on April 17, 2026, approved a significant fund raise through the issuance of Non-Convertible Debentures (NCDs). The company plans to raise an aggregate of Rs 20 crores via a Private Placement basis.The board approved the fund raising through the issuance of 200 Series A- 13.75 % Fixed Rated, Unlisted, Secured, Unrated, Non-Convertible Debentures. Each NCD has a face value of Rs 10,00,000 (Rupees Ten Lakh only) and are fully paid up at par. The placement is designated to LC Venture Debt Fund.In addition to the financial transaction, the board approved the...

Alpex Solar Wins Contract Worth Rs 40.92 Crores for Solar Water Pumps in Maharashtra Alpex Solar Limited has secured a significant contract, being awarded an order valued at approximately Rs. 40.92 Crores. The order originates from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) and falls under the 'Magel Tyala Saur Krushi Pump' Yojana / PM KUSUM B Scheme.The contract involves the supply of sophisticated Solar Water Pumps to various locations within Maharashtra. The scope of work is comprehensive, encompassing the design, manufacture, supply, transport, installation, testing, and commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS).The awarded system specifications cover multiple capacities...

Apollo Micro Systems Limited Secures Lifetime License for Advanced Defence Weapon Manufacturing Apollo Micro Systems Limited, a Hyderabad-based defence technology company, has been granted a lifetime license by the Government of India. The license, issued by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, authorizes the company to manufacture and proof test a comprehensive range of advanced defence weapon systems and munitions.The core authorization details highlight the strategic significance of this mandate:ParameterDetailsIssuing AuthorityDPIIT, Ministry of Commerce & Industry, Government of IndiaIssue Date10 April 2026ValidityLifetimeApplicant...

MIAT Mongolian Airlines Boosts Pricing Agility with RateGain's AI-Led Capabilities RateGain Travel Technologies Limited, a global provider of AI-powered SaaS solutions for travel and hospitality, announced that MIAT Mongolian Airlines, the national carrier of Mongolia, has selected AirGain, RateGain's specialized pricing intelligence platform for airlines. This partnership aims to enhance MIAT’s rate shopping and competitive pricing capabilities as the airline expands its network connecting Mongolia with destinations across Asia and Europe.For MIAT, access to timely and accurate market intelligence is crucial for making smarter pricing decisions in an increasingly competitive market. Through this collaboration, the airline will...

Britannia Industries Announces Leadership Transition in Human Resources Britannia Industries Ltd. has announced a change in its senior management team, appointing Mr. Srinivas Maruthi Patnam as the new Vice President - Human Resources. The appointment follows the resignation of the previous incumbent, Mr. Ritesh Rana, who is leaving the company to pursue external opportunities.The Board of Directors approved the appointment of Mr. Srinivas Maruthi Patnam vide a Circular Resolution passed on April 17, 2026. Mr. Srinivas was designated as the Vice President - Human Resources (Designate) with effect from April 21, 2026, and will officially assume the role of Vice President - Human Resources of the Company starting May 16, 2026.In...

National Oxygen Ltd Reports Demise of Whole-Time Director Gajanand Saraf National Oxygen Ltd has confirmed the passing of Mr. Gajanand Saraf, who served as a Whole-Time Director of the company. Mr. Saraf passed away on April 6, 2026.The demise of Mr. Gajanand Saraf, who was the founder of the company, was described as deeply impacting the immediate family and the general functioning of the firm.The company confirmed that the sudden loss necessitated an operational pause, leading to temporary unavailability of the office and resulting in procedural delays regarding official filings. These delays were attributed to the management being unable to immediately access necessary filing systems or complete authentication procedures, as the...

Rachit Prints Ltd Designates Key Personnel for Determining Materiality of Corporate Events Rachit Prints Ltd, formerly known as Rachit Prints Private Limited, has designated specific senior management personnel responsible for determining the materiality of corporate events and information. This structure guides the company's necessary disclosures regarding material information.The company confirmed that its internal policies include processes for determining the materiality of events or information, ensuring that necessary disclosures are made.Rachit Prints Ltd has specified the following individuals within the company who are authorized to determine the materiality of events or information for disclosure purposes:S...

Crisil Limited Approves Q1 2026 Results and Declares Interim Dividend Crisil Limited announced that its Board of Directors approved the Unaudited Standalone and Consolidated Financial Results for the first quarter ended March 31, 2026. Furthermore, the Board approved the payment of a first interim dividend of Rs. 9/- per equity share, with a face value of Re 1 each, applicable for the financial year ending December 31, 2026. The dividend is scheduled for payment on May 8, 2026.The financial statements for the quarter ended March 31, 2026, were prepared in compliance with Indian Accounting Standard 34 (Interim Financial Reporting) (Ind AS 34).Quarterly Financial Results The company's consolidated financial performance for the three...

New Delhi, April 17, 2026: Moneyboxx Finance Limited, a non-Banking Finance Company focused on impact financing for micro and small entrepreneurs in semi-urban and rural India, has successfully onboarded two new lenders. The company completed the raise in March 2026, securing a total of INR 350 million.The fresh debt capital comes from established financial institutions, providing continued support to the NBFC. The funding components include INR 15 crore from STCI Finance Limited and INR 20 crore from IndusInd Bank.Commenting on the recent fundraise, Mr. Deepak Aggarwal, Co-founder and Co-CEO of Moneyboxx Finance Ltd, stated that the consistent support from leading financial institutions underscores confidence in the company’s...

ICICI Bank Allots 3,001,435 Equity Shares Under Employee Stock Option Scheme ICICI Bank Ltd announced the allotment of equity shares on April 17, 2026, under the ICICI Bank Employees Stock Option Scheme 2000.The bank allotted 3,001,435 equity shares, each having a face value of Rs. 2. The allotment of these shares was approved by two Directors on April 17, 2026.The details of the share allotment are summarized below:DetailValueCompany NameICICI Bank LtdAllotment DateApril 17, 2026Shares Allotted3,001,435Face Value per ShareRs. 2Scheme NameICICI Bank Employees Stock Option Scheme 2000ICICIBANK Stock Price Movement As of 12:12 PM, shares of ICICI Bank Limited are slipping by 0.48% in live trading, currently...

Zaggle Prepaid Ocean Services Signs Three-Year Agreement with The Federal Bank Limited Zaggle Prepaid Ocean Services Limited has entered into an agreement with The Federal Bank Limited for providing employee expense management and benefits services. The deal solidifies Zaggle's relationship with the financial institution, marking a significant contract renewal in the domestic market.The agreement outlines that Zaggle will provide the 'Zaggle Save' service, which specializes in employee expense management and benefits solutions, directly to The Federal Bank Limited.Key details of the contract, which is structured as an Agreement, confirm the scope and duration of the partnership.ParticularsDetailEntity Awarding OrderTHE...

BlueStone Jewellery and Lifestyle Ltd has scheduled a meeting of its Board of Directors to review and approve its financial performance for the quarter and financial year ended on March 31, 2026.The Board meeting is slated for Thursday, April 23, 2026. During this session, the directors will consider and approve both the standalone and the consolidated Audited financial Results of the Company.In connection with this corporate event, the company also announced specific restrictions concerning insider trading. The trading window for dealing in the securities of BlueStone Jewellery and Lifestyle by Insiders/Designated Persons has been closed. The restriction period runs from Wednesday, April 01, 2026, and will remain closed until 48...

Tata Capital Board to Consider FY26 Results and Final Dividend Proposal Tata Capital Limited announced details regarding its upcoming Board of Directors meeting, scheduled for Thursday, April 23, 2026. The meeting will focus on the financial results for the quarter and year ending March 31, 2026, and will also review a potential final dividend recommendation.The Board of Directors at the scheduled meeting is set to consider and approve the Audited Standalone and Consolidated Financial Results of the company for the quarter and year ended March 31, 2026.During the same meeting, the Board will consider a proposal recommending a final dividend on the equity shares of Tata Capital Limited for the financial year ended March 31, 2026...

Karbonsteel Engineering Ltd has secured a new domestic order, amounting to Rs. 101.01 crores. The contract was received on April 16, 2026, from the Leading Domestic Infrastructure & Engineering Company.The agreement details the fabrication and supply of structures required for Air Cooled Condenser (ACC). This significant domestic contract underscores the company's role within the infrastructure and engineering sector.The order details specify that the general terms and conditions will be executed as per a Purchase Order. The scope involves delivering the total quantity within 10 months from the issue of the Purchase Order (PO)/Letter of Intent (LOI) and related drawings.The key parameters of the contract award are summarized...

Mahanagar Telephone Nigam Ltd Announces Board Meeting to Approve FY2026 Financial Statements Mahanagar Telephone Nigam Ltd (MTNL), a Government of India enterprise, has announced that its Board of Directors will convene a meeting to consider and approve the Audited Financial Statements for the financial year ending March 31, 2026.The Board meeting is scheduled for Thursday, May 21, 2026. The key focus of the meeting will be the consideration and approval of the company's audited Standalone and Consolidated Financial Statements for the specified period.MTNL also reiterated information previously shared regarding the trading window for its shares. The company confirmed that the trading window for dealing in MTNL shares was closed from...