Markets

NBCC Successfully Concludes E-Auction of Commercial Built-Up Space in New Delhi NBCC (India) Limited has announced the successful conclusion of an e-auction for commercial built-up space located at Bharat Business Park in Sarojini Nagar, New Delhi. The transaction generated a substantial total sale value of approximately Rs. 5,779 crore.The sale involved the disposal of commercial built-up space measuring approximately 14 lac sq. ft. The asset was sold through an e-auction process, marking a significant transaction for NBCC's portfolio.The total sale value realized from the e-auction was approximately Rs. 5,779 crore. Additionally, NBCC will receive a marketing fee equivalent to 1% of the total sale value.The key financial details...

Unifinz Capital India Ltd Confirms Waiver of Penal Fines Imposed by BSE Limited Unifinz Capital India Ltd has reported the full acceptance of its application to waive certain fines levied by BSE Limited for historical non-compliance issues. The company received confirmation regarding the waiver of fines pertaining to corporate governance and late submission requirements.The documentation indicates that the company had previously addressed a fine of Rs. 2,47,800 for non-compliance related to board composition, including the failure to appoint a woman director. Subsequently, the company confirmed receipt of communication from BSE Limited on April 16, 2026, stating that the waiver application filed had been fully accepted.The detailed...

Info Edge (India) Limited announced plans to invest Rs. 10 Crores in Smartweb Internet Services Limited, a wholly-owned subsidiary of the company. The investment, which was agreed upon during a meeting of the Committee of Executive Directors on April 17, 2026, aims to strengthen the finances and meet the fund requirements of Smartweb.Smartweb Internet Services Limited is engaged in the business of providing diverse internet services. Its operations include acting as an investment advisor, financial consultant, management consultant, investment manager, and/or sponsor of alternative investment funds.The investment details confirm that the company already holds a 100% stake in Smartweb. Since the transaction is carried out at an arm's...

WEP Solutions Ltd. to Hold Board Meeting to Approve FY 2026 Financial Results WEP Solutions Ltd has announced that a meeting of its Board of Directors has been scheduled for Saturday, 09 May 2026. The primary agenda for the meeting is to consider and approve the Audited Financial Results of the Company for the Quarter and Year ended 31 March 2026.The board meeting details focus on the review and formal approval of the financial results for the period ending 31 March 2026.The company also provided an update regarding its internal code for preventing insider trading. Following standard procedures, the trading window for dealing in the securities of the Company by Directors, Officers, and Designated Employees was closed beginning...

Kalyan Jewellers India Ltd Board Meeting Scheduled for May 8 to Approve Financial Results and Dividend Kalyan Jewellers India Ltd announced that its Board of Directors is scheduled to meet on Friday, May 08, 2026. The meeting is set to address crucial corporate matters, including the approval of the company's financial performance and the recommendation of the final dividend.During the board meeting, the company will consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and year ending March 31, 2026. Additionally, the board will deliberate on a proposal recommending the Final Dividend for the financial year 2025-26.Regarding internal market restrictions, Kalyan Jewellers India Ltd confirmed...

Promoters of Solex Energy Limited Execute 12 Share Purchase Agreements for Internal Shareholding Re-alignment Solex Energy Limited confirmed that its existing promoters entered into twelve Share Purchase Agreements (SPAs) on April 17, 2026. These agreements involve inter se transfers of the Company’s equity shares, aimed at internal re-alignment of shareholding within the promoter group.The transactions, which constitute the execution of multiple SPAs among the promoters, are structured solely to rationalize the ownership pattern of the Company. Solex Energy Limited stated that the execution of these agreements does not have any impact on the core business operations or the financial position of the Company.Summary of Promoter...

Aditya Birla Sun Life AMC Ltd. to Host Conference Call on FY26 and Q4 Financial Results Aditya Birla Sun Life AMC Ltd has scheduled a corporate earnings conference call to discuss the audited financial results for the quarter and the financial year ended March 31, 2026.The call is set for Thursday, April 23, 2026, at 4:00 p.m. (IST). Participants will gain insights into the company's performance for the full financial year 2026 and the corresponding fourth quarter.The session is expected to feature key company executives, including Mr. A Balasubramanian, Managing Director & CEO, Mr. Pradeep Sharma, Chief Financial Officer, and Mr. Paritosh Chittora, Head of Investor Relations.For those wishing to participate, universal dial-in...

Aurionpro Launches Fintra, AI-Native Platform for Trade Finance Aurionpro Solutions Limited, a global technology company serving the banking and payments sector, has launched Fintra, an AI-native trade finance platform designed to process complex instruments like Letters of Credit, Bank Guarantees, and Documentary Collections. The platform is engineered to integrate specialized AI agents with a robust operating layer that mandates human governance at every decision point.Trade finance is traditionally known for being one of banking's most document-heavy and manual workflows. The industry has long been grappling with architectural limitations, highlighted by the International Chamber of Commerce estimating a 70% rejection rate on first...

Magenta Mattress Secures Landmark 6000-Unit Order from Reliance Industries Magenta Mattress, a fast-growing sleep solutions brand, has secured a major order of 6000 mattresses from Reliance Industries. The deal, announced on April 16, 2026, marks the largest single order in the company's operational history.This significant business achievement solidifies Magenta Mattress's standing in the institutional and corporate client segments. The order comes from Reliance Industries, a major conglomerate in India, enhancing the company’s client portfolio and reinforcing its growth trajectory.The successful acquisition of this large-volume deal was highlighted as a testament to Magenta's robust on-ground network and unwavering commitment to...

NBCC Wins Bid for Commercial Tower at Bharat Business Park in New Delhi NBCC (India) Limited has successfully acquired a commercial tower located in Bharat Business Park, Sarojini Nagar, New Delhi, following its participation in an e-auction process.The company announced the acquisition of the property, which spans approximately 279,989 sq. ft. (super built-up area). The acquired commercial tower is intended for the company’s self-use, leasing purposes, and/or investment.NBCC participated in the e-auction held on April 16, 2026, and emerged as the highest bidder for the property.The total estimated investment for the proposed purchase is approximately ₹1,374.45 crores (Rupees One Thousand Three Hundred Seventy-Four Crore and...

Reliance Communications Subsidiary in Cyprus Registered as Dissolved Reliance Communications Limited has reported that its foreign step-down subsidiary, Reliance Telecom Infrastructure (Cyprus) Holdings Limited, has changed its status from 'Active' to 'Dissolved.' The status change was noted during a routine compliance review, based on information available from the Department of Registrar of Companies, Cyprus.The company confirmed the dissolution of the subsidiary, as recorded by the Department of Registrar of Companies, Cyprus. Reliance Communications Limited is currently examining the full implications of this dissolution and evaluating any necessary actions required in relation to the change in status.The company noted that no...

Independent Directors Cease Tenure at Madras Fertilizers Limited Madras Fertilizers Limited announced the cessation of two of its Independent Directors, effective April 16, 2026, following the completion of their respective tenures. The change reflects the normal conclusion of their terms of office.The company confirmed that the retirement of the directors is solely due to the completion of their agreed-upon tenure and is not attributed to any other reason.The two directors whose tenures concluded are Mr. Sanjay Vishnu Shetye and CA. Alok Kumar Agrawal.The details regarding the Independent Directors and the timeline of their cessation are presented below:Director NameDate of AppointmentDate of Tenure CompletionMr. Sanjay...

Supreme Court Dismisses Aspinwall and Company Limited's Appeal Regarding Loss Set-Off Aspinwall and Company Limited announced on April 17, 2026, that the Hon'ble Supreme Court of India dismissed its Civil Appeal No. 7796 of 2012. The appeal was filed against the Inspecting Assistant Commissioner concerning the set-off of accumulated losses of The Pullangode Rubber & Produce Co. Ltd. against the company's agricultural income.The litigation related to the Kerala Agricultural Income Tax Act, 1991, and specifically involved the Company's claim to utilize accumulated losses of The Pullangode Rubber & Produce Co. Ltd. (which amalgamated with the Company effective January 1, 2006). The Supreme Court, in its judgment dated April 13, 2026...

Rex Sealing and Packing Industries Allots Equity Shares Following Warrants Conversion Rex Sealing and Packing Industries Ltd announced that its Board of Directors approved the allotment of Equity Shares following the conversion of warrants held by a non-promoter category allottee. The transaction, approved during the Board meeting on April 17, 2026, resulted in a material increase in the company's paid-up capital.The Company approved the conversion of 50,048 warrants into 50,048 Equity Shares. These shares were allotted on a preferential basis to the Non-Promoters Category. The new Equity Shares were issued at a price of Rs. 210/- each, which includes a premium of Rs. 200/- per share.The allotment was completed upon the receipt of...

MTNL Reports Default on Principal and Interest Payments to Multiple Banks Mahanagar Telephone Nigam Ltd (MTNL) has reported defaults concerning the payment of principal installments and interest across several major banks. The company noted that the default was declared as of March 31, 2026.MTNL’s outstanding borrowings from banks and financial institutions totaled Rs 9,263 Crore. When factoring in short-term and long-term debt, the company's total financial indebtedness stood at Rs 36,314 Crore. This total debt includes bank loans of Rs 9,263 Crore, a State Guarantee (SG) bond of Rs 24,071 Crore, and SG bond interest of Rs 2,980 Crore.The default affects accounts with seven financial institutions, including Union Bank of India...

NTPC Group Boosts Solar Capacity with 150 MW COD Announcement NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd, has reported a significant operational milestone regarding its solar energy portfolio. The company announced the Commercial Operation Date (COD) for 150 MW of solar capacity. This newly operational capacity is situated in Rajasthan and forms part of a larger 300 MW solar project. The COD for this segment is effective starting April 18, 2026.With this development, the NTPC group has provided updated figures for its overall power capacity. The group's total installed capacity currently stands at 89,528 MW, while the commercial capacity is reported at 88,448 MW.The expansion and operational status of the group’s...

Pidilite Industries to Host Q4FY26 Earnings Call and Business Update on May 8 Pidilite Industries Limited has scheduled an Investor Event and Earnings Conference Call to discuss the company's Q4FY26 Performance and Business Updates. The event is slated for Friday, May 8, 2026.The company's management team will participate in the call. Speakers attending the session include Mr. Sudhanshu Vats, Managing Director; Mr. Kavinder Singh, Joint Managing Director; Mr. Sandeep Batra, Executive Director (Finance) & Chief Financial Officer; and Mr. Bhavesh Joshi, Sr. Vice President Domestic Accounts and Taxation.The conference call will commence at 4:00 PM IST.For international participation, Pidilite Industries has provided the following...

Dr. M.V. Natesan Ceases Role as Independent Director on BEML Land Assets Board BEML Land Assets Limited announced that Dr. M.V. Natesan has ceased to serve as an Independent Director on the company's board, effective April 17, 2026.Dr. M.V. Natesan, bearing DIN-09408491, concluded his tenure with the company on this date. The cessation was confirmed due to the completion of his one-year term serving on the board of BEML Land Assets Limited (BLAL).BEML Land Assets Ltd is classified as a Schedule 'C' Company under the Ministry of Defence, Government of India. The company’s details noted during this reporting period include the following stock exchange codes:ExchangeSymbol/Scrip CodeNational Stock Exchange of India Ltd.BLAL...

Siyaram Recycling Secures Rs. 2,06,64,750 Order for Brass Ingots from Dharma Metalex Siyaram Recycling Industries Ltd., formerly known as Siyaram Impex Pvt. Ltd., has secured a noteworthy order from Dharma Metalex for the supply of Brass Ingots. The total value of the order stands at Rs. 2,06,64,750.The agreement details indicate that the order is sourced from a domestic entity, with the transaction classified as fixed cost. Siyaram Recycling Industries Ltd. anticipates the execution of this contract within a timeframe of 7 Days.The transaction was confirmed by the company's managing director, Bhavesh Ramgopal Maheshwari. According to the provided details, the deal does not involve related parties, ensuring the transaction is...

DIPAM Grants 'No Objection' for Merger of HSCC (India) Limited with NBCC (India) Ltd NBCC (India) Limited has announced that the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India, has granted its 'No Objection' regarding the merger of HSCC (India) Limited. The approval marks a key step toward consolidating the wholly owned subsidiary with the holding company, NBCC (India) Limited.According to the details provided, the Department of Investment and Public Asset Management (DIPAM) conveyed its 'No Objection' via an Office Memorandum dated April 16, 2026.The approval concerns the merger of HSCC (India) Limited, which is a wholly owned subsidiary, with NBCC (India) Limited, which acts...