Markets

Lakshya Powertech Secures Major O&M Contract Worth Rs. 641.92 Crore in Rajasthan Lakshya Powertech Limited has announced securing a significant work order for the Provision of Integrated Service Contract for Operation & Maintenance (O&M) of Cairn Assets in Rajasthan. The contract, awarded by Vedanta Limited, is valued at Rs. 641,92,12,546/-.This contract involves O&M services for the RJ-ON-90/1 Block, specifically covering RJ North Well Pads across Mangala, Bhagyam, and Aishwarya in Rajasthan.The agreement establishes a four-year execution timeline and reinforces Lakshya Powertech's positioning in the high-value oil and gas service sector.Key Contract Details The contract awarded by the domestic entity, Vedanta Limited, pertains...

Shriram Overseas Investments Receives In-Principle Approval for Primary Dealer Business Shriram Finance Ltd. has announced that its wholly owned subsidiary, Shriram Overseas Investments Limited, has received in-principle approval from the Reserve Bank of India (RBI) to commence Primary Dealer (PD) business. The approval was granted on April 15, 2026.The development marks a significant operational step for the subsidiary. The RBI granted the in-principle approval, stipulating that the commencement of the PD business is subject to the company's compliance with specific conditions set forth by the central bank.The announcement confirms the advancement of Shriram Overseas Investments Limited in its goal to enter the Primary Dealer...

One 97 Communications Declared Indian Owned and Controlled Company Following Q4 FY2026 Shareholding One 97 Communications Limited, the company operating the Paytm brand, has been determined to be an Indian Owned and Controlled Company (IOCC) based on its latest shareholding pattern reported for the quarter ending March 31, 2026 (Q4 FY2026).The updated shareholding pattern reveals a significant increase in the participation of domestic capital within the company's equity share capital. As of Q4 FY26, domestic investors hold a majority stake of 50.3% in the company.The data shows heightened domestic institutional participation across various segments. Domestic institutional ownership registered 23.1% in Q4 FY2026. This figure marks an...

Looks Health Services Appoints Mr. Ajay P Goyal as Chief Financial Officer Looks Health Services Ltd has appointed Mr. Ajay P Goyal as its Chief Financial Officer (CFO), effective April 15, 2026. The appointment was made by the Board of Directors following the recommendation of the Nomination and Remuneration Committee and the approval of the Audit Committee.The board meeting, held on April 15, 2026, appointed Mr. Goyal to the role of Key Managerial Personnel. The company stated that the appointment is part of its successor plan for key positions, aimed at ensuring a smooth handover of responsibilities and maintaining stability within the Finance & Accounts department.Mr. Ajay P. Goyal is described as a strategic and results-driven...

Shraddha Prime Projects Receives Commencement Certificate for Redevelopment Project in Mulund West, Mumbai Mumbai-based real estate developer Shraddha Prime Projects Ltd, formerly Towa Sokki Limited, has received the Commencement Certificate (CC) for its upcoming redevelopment venture, 'Shraddha Paradise Enclave'. The project is situated at Swapna Nagari, Nirmal Nagar-Agrawal Road, Village Mulund (West) Taluka-Kurla, within 'T' ward BMC, Mumbai 400080.The redevelopment project involves Himgiri CHS and is positioned to significantly contribute to Mumbai's real estate landscape. The company highlighted the substantial scope and potential value of the development.Project Scope and Revenue Potential Shraddha Paradise Enclave boasts...

Bharat Global Developers Ltd Reports Unaudited Financial Results for Quarter Ended December 31, 2025 Bharat Global Developers Ltd, formerly known as Kkrrafton Developers Ltd, has released its un-audited standalone financial results for the quarter and nine months ended on December 31, 2025. The company also provided a detailed look at its segment-wise performance across various operational divisions.Standalone Financial Performance The standalone financial results show the company's quarterly and year-to-date performance in key financial metrics. The figures for Revenue From Operations, Total Income, and Profit/(Loss) for the period are detailed in the table below:ParticularsQuarter Ended 31.12.2025 UnauditedQuarter Ended...

Elecon Engineering Reports Strong Q4 FY26 Performance, Highlights Growth Momentum in MHE Division Elecon Engineering Company Limited, a leading industrial gear solution provider and Material Handling Equipment (MHE) manufacturer in Asia, announced its audited financial and operational results for the quarter and financial year ended March 31, 2026. The results underscore the company's sustained market position in sectors including the Rubber, Marine, Plastic, Power, Steel, and Cement industries.Consolidated Financial Highlights for Q4 FY26 For the quarter ending March 31, 2026, Elecon reported strong consolidated financial metrics. The company's performance for Q4 FY26 saw Consolidated Revenue reaching ₹ 746 crores, and EBITDA stood...

Dai-Ichi Karkaria Ltd Withdraws CRISIL Ratings on Bank Facilities Dai-Ichi Karkaria Ltd has completed the voluntary withdrawal of its credit ratings assigned by CRISIL Ratings for bank facilities availed from Axis Bank Limited. CRISIL Ratings confirmed the withdrawal via a letter dated April 14, 2026.The company initiated the withdrawal process because the sanctioned credit limits are deemed below Axis Bank Limited's internal requirement for maintaining an external credit rating.The ratings provided by CRISIL Ratings covered total bank loan facilities amounting to Rs. 25 Crore. The withdrawal impacted both long-term and short-term credit ratings.The details of the withdrawn ratings are as follows:Facility TypeRating...

Morarka Finance to Hold Board Meeting on April 23 to Approve Financial Results Morarka Finance Ltd. has scheduled a meeting of its Board of Directors for Thursday, April 23, 2026. The meeting will be conducted through video conferencing (VC).The Board is scheduled to convene to consider several key business matters concerning the company's performance and future corporate actions.The primary agenda items for the Board of Directors include:Considering and approving the Audited Financial Results and Accounts for the quarter and year ended March 31, 2026. Considering and recommending a Dividend on Equity Shares, if applicable. Fixing the date of the Annual General Meeting (AGM), as well as the Book closure and Record date required...

Praxis Home Retail Limited Appoints Mr. Ravi Venkatraman as New Chairperson Praxis Home Retail Limited announced a change in its leadership structure following the Board of Directors meeting held on April 15, 2026. The Board unanimously approved the appointment of Mr. Ravi Venkatraman as the new Chairperson of the Company. This role is effective immediately and will complement his existing position as an Independent Director.Mr. Ravi Venkatraman is a highly experienced finance professional with over four decades of tenure in the Banking, Financial Services, and Insurance (BFSI) sector. He holds qualifications as a Chartered Accountant (ACA), Cost Accountant (ICWA), and Commerce graduate.His professional background is marked by...

Continental Controls Announces Financial Results for Q4 and FY2026; Secretary Resigns Continental Controls Ltd held its Board of Directors meeting on April 15, 2026, approving the audited financial results for the quarter and year ended March 31, 2026. During the meeting, the Board also accepted the resignation of the Company Secretary and appointed key service providers for the upcoming postal ballot process.The financial results for the fourth quarter and the full year ended March 31, 2026, were reviewed and approved by the Board.Financial Performance Highlights The company released its Audited Standalone Financial Results, detailing the performance for the quarter and the year ending March 31, 2026.The consolidated financial...

Shriram Finance's Subsidiary Receives RBI Approval to Commence Primary Dealer Business Shriram Finance Ltd announced that its wholly owned subsidiary, Shriram Overseas Investments Limited, has received in-principal approval to begin Primary Dealer (PD) business operations.The development occurred on April 15, 2026. The approval was granted by the Reserve Bank of India (RBI), conditional upon the subsidiary's continued compliance with all specified requirements.The news confirms a significant operational milestone for Shriram Overseas Investments Limited, enabling the firm to formally commence its role in the Primary Dealer segment of the financial markets.SHRIRAMFIN Stock Price Movement Shares of Shriram Finance Limited are edging...

OBSC Perfection Secures US Marine Order Valued at INR 3.4 Crores OBSC Perfection Limited, formerly OBSC Perfection Private Limited, has announced the receipt of significant purchase orders from a US-based marine customer. The contract involves the manufacturing and supply of specialized machined parts for export to the United States, valued at a total of INR 3.4 crores.The company confirmed that the international order is for the supply of machined components, with the execution timeline slated for completion over the next three months.The purchased parts are categorized under the nature of manufacturing and supply of machined parts, confirming the order's international export focus.The key details of the contract received from...

Physicswallah Ltd Clarifies Strategic Discussions Amid Market Activity Physicswallah Ltd has released a clarification regarding reports detailing a potential acquisition stake in the test-prep platform Rojgar. The communication addresses news that appeared on business-standard.com on April 14, 2026, providing updates on the company’s strategic standing and operational status.The company confirmed that it continues to evaluate various strategic opportunities aimed at enhancing stakeholder value and driving growth. In this strategic context, Physicswallah Ltd remains in discussions with relevant parties from time to time, including those mentioned in the media reports.In addressing recent market activity, the company noted that it had...

Can Fin Homes Limited Announces Resignation of Deputy Managing Director Vikram Saha Can Fin Homes Limited confirmed the resignation of Shri Vikram Saha, who served as the company's Deputy Managing Director and key managerial personnel. The departure is effective from April 15, 2026.Shri Vikram Saha’s resignation is attributed to his transfer by the Parent Bank, Canara Bank.The specifics regarding the change in directorship are as follows:ParticularsDetailsReason for ChangeResignation on account of transfer by the Parent Bank, i.e. Canara Bank.Date of CessationApril 15, 2026The resignation of Shri Saha, who holds DIN: 10597814, marks a significant transition in the company's leadership structure, effective on the date...

Kaiser Corporation Ltd Files for In-Principle Approval of Amalgamation with Emazing Deals Limited Kaiser Corporation Limited announced that it has sought 'In-Principle' approval for the amalgamation of Emazing Deals Limited into Kaiser Corporation Limited. The filing was made with the Bombay Stock Exchange (BSE) on April 14, 2026.Under the scheme of amalgamation, Kaiser Corporation Limited, acting as the Transferee Company, plans to merge with Emazing Deals Limited, identified as the Transferor Company. The application for the scheme is directed toward securing 'In-Principle' approval from the Exchange for the benefit of both companies and their respective shareholders.The filing details the submission of the amalgamation plan to...

Premier Polyfilm Limited Confirms Status; Exempted from Large Corporate Fund Raising Disclosure Premier Polyfilm Limited has clarified its status regarding regulatory requirements surrounding fund raising by issuance of debt securities. The company confirmed that, as of March 31, 2026, it does not qualify as a 'Large Corporate' under the applicable criteria.This confirmation indicates that the mandatory requirement for filing the initial disclosure for the beginning of the financial year 2025-2026, relating to the classification of Large Corporates, does not apply to the company.Key Financial Details Premier Polyfilm Limited provided the following key corporate and financial details, confirming its operational standing...

Elecon Engineering Company Announces FY26 Financial Results, Key Appointments, and Final Dividend Elecon Engineering Company Limited announced the outcome of its Board Meeting held on April 15, 2026. The company declared a final dividend and detailed the financial and operational performance for the quarter and financial year ended March 31, 2026. The board also approved several key management appointments and the reappointment of statutory auditors.Financial Results and Dividend Declaration The Board of Directors approved the audited standalone and consolidated financial results, along with the auditors' report, for the quarter and financial year ended March 31, 2026.Regarding corporate action, the Board recommended a Final...

SRM Contractors Ltd Bags Contracts Worth Rs 168 Crores from NHAI and Maharashtra Public Works Department SRM Contractors Ltd has secured contracts totaling Rs 168 Crores, spanning major civil infrastructure projects awarded by both the National Highways Authority of India (NHAI) and the Public Works Department of Maharashtra. The wins cover critical construction and remedial work in key national corridors.The company has received contracts from two major state and central agencies. The first major contract was awarded by the National Highways Authority of India (NHAI) for Rs 128 Crores. This significant deal involves the construction of long-term remedial measures for identified landslide locations. Specifically, the work is focused...

Samhi Hotels Approves Strategic Investments in Renewable Energy and Executes Group Restructuring Samhi Hotels Limited announced key corporate developments following its Board of Directors meeting held on Wednesday, April 15, 2026. The board approved two significant transactions aimed at enhancing renewable energy sourcing within its portfolio and undertaking an internal group restructuring.The approved transactions involve acquiring equity interests in two separate energy entities and executing a secondary acquisition to consolidate ownership in a wholly-owned subsidiary.Boosting Renewable Energy through Clean Max Acquisitions The company approved the entering into Shareholder’s Agreements with Clean Max Nile Private Limited and...