Markets

HMA Agro Industries Limited Completes Share Sale to Meet Minimum Public Shareholding Norms HMA Agro Industries Limited has finalized a significant block deal sale of equity shares through the stock exchange mechanism. The transaction, which involved multiple promoter and related parties, was undertaken to ensure compliance with Minimum Public Shareholding (MPS) requirements.The sale involved the transfer of 3,31,81,173 equity shares of the company. The transaction, executed via an Offer for Sale between April 09, 2026, and April 10, 2026, was aimed at achieving adherence to public shareholding standards.The primary sellers contributing to the sale include Zulfiqar Ahmad Qureshi, Mohammad Ashraf Qureshi, Mohammad Mehmood Qureshi...

Indoco Remedies Ltd Testing Facility Undergoes U.S. FDA Pre-Approval Inspection Indoco Remedies Ltd confirmed that its testing facility located in Chhatrapati Sambaji Nagar (Aurangabad) underwent a Pre-Approval Inspection by the U.S. Food and Drug Administration (U.S. FDA).The inspection was conducted by the U.S. FDA between April 08, 2026, and April 10, 2026. The company reported that the review concluded successfully, resulting in zero Form 483 observations.The facility testing conducted in Chhatrapati Sambaji Nagar is a key operational site for Indoco Remedies Ltd.Key details regarding the inspection are summarized below:DetailInformationFacility LocationChhatrapati Sambaji Nagar (Aurangabad)Inspecting BodyU.S. Food...

Balaji Amines Ltd Announces Resignation of Senior Management Personnel Balaji Amines Ltd has announced the resignation of Mr. Laxman Vishnudas Limkar from a key senior management role within the company.Mr. Laxman Vishnudas Limkar has stepped down from his position as Senior Assistant General Manager and Factory Manager. His resignation is attributed to personal reasons, and his tenure with the company concluded with effect from April 11, 2026.The resignation details pertain to the company's senior management personnel, marking the departure of Mr. Limkar from his specified post.BALAMINES Stock Price Movement Today, Balaji Amines Limited shares edged higher, settling at ₹1082.4 today after gaining 0.81%. The stock traded on 95,119...

DCB Bank Announces Retirement of Independent Director Ms. Lakshmy Chandrasekaran DCB Bank Ltd has announced the retirement of Ms. Lakshmy Chandrasekaran as an Independent Director. The Board confirmed that she ceased to be a Director of the Bank with effect from the close of business hours on April 13, 2026.Ms. Chandrasekaran’s departure follows the completion of her term as an Independent Director of the bank.DCB Bank issued a statement noting its appreciation for Ms. Lakshmy Chandrasekaran’s contribution to the bank throughout her tenure and wished her success in her future endeavors.DCBBANK Stock Price Movement DCB Bank Limited shares shed 2.02% today, settling at ₹184.95 after opening the session. The stock traded robustly...

Tata Communications Schedules Earnings Call for Q4 and Full Year FY26 Results Tata Communications Ltd has announced the details for its upcoming earnings call, which will cover the results for the fourth quarter (Q4) and the full financial year (FY) 2026.The company will announce its Q4 FY26 and Full Year FY26 results on Wednesday, April 22, 2026. Following the announcement, an earnings call has been scheduled for that same day.The event is scheduled to begin at 6:30 pm IST and is set to last for one hour. The call will be available across multiple time zones, including:IST: 6:30 pm SGT: 9:00 pm UK Time: 2:00 pm ET: 9:00 amTATACOMM Stock Price Movement Today, Tata Communications Limited shares edged higher, closing at ₹1512.3...

PNGS Gargi Fashion Jewellery to Host Virtual Meeting with Investors and Analysts PNGS Gargi Fashion Jewellery Limited announced that its management has scheduled a virtual meeting with investors and analysts.The management's virtual meeting is scheduled on April 17, 2026, with Motilal Oswal Private Equity. The session is slated for a one-to-one format, running from 3:00 PM to 4:00 PM.The details of the planned investor call are presented below:DateParticularsModeTimeApril 17, 2026Motilal Oswal Private EquityVirtual3:00 PM - 4:00 PMThe company's operational update confirms the schedule for the investor engagement.Stock Price Movement At the close of trade today, shares of PNGS Gargi Fashion Jewellery Ltd settled at...

NCL Industries Ltd. Board Addresses Fine Levied by National Stock Exchange NCL Industries Ltd. announced that its Board of Directors reviewed a penalty imposed by the National Stock Exchange (NSE) concerning delayed filings. The fine related to the Shareholding pattern for the quarter ended December 31, 2025.The Board reviewed the notice regarding the penalty, which amounts to Rs. 54,280/-, inclusive of GST.During the Board meeting held on April 13, 2026, the directors examined the notice of non-compliance and the subsequent waiver application and rejection letter.Following the review, the Board issued specific directives, emphasizing the need for strict adherence to all SEBI (LODR) Regulations applicable to the company...

Music Broadcast Ltd Receives Tax Demand Order for Assessment Year 2019-20 Music Broadcast Ltd, operating under the trade name Radio City, has received a demand order concerning income tax liability for the assessment year 2019-20. The demand was issued by the Assistant Commissioner of Income Tax - 14(1)(1), Mumbai.The order, dated March 27, 2026, demanded an amount of Rs. 8,71,476/-. The company received this order via e-mail on April 13, 2026, pertaining to the Income-Tax Act, 1961, specifically under Section 154 read with Section 155 (18).The specific details of the demand are as follows:DetailInformationAuthorityAsst. Commissioner of Income Tax - 14(1)(1), MumbaiDemand AmountRs. 8,71,476/-Relevant SectionsSection 154...

Minda Corporation Forms Joint Venture with Turntide to Boost India's EV Powertrain Solutions Minda Corporation Limited, through its subsidiary, has entered into a strategic joint venture with Turntide Drives Limited, United Kingdom. The partnership aims to develop and manufacture advanced new generation mobility vehicle powertrain solutions, supporting India's rapidly growing electric vehicle (EV) sector.The collaboration resulted in the incorporation of a new entity, 'Spark Minda Turntide Private Limited,' in India on April 11, 2026.The Joint Venture Company will focus on producing advanced components including high and low voltage motor controllers, high-voltage and high-performance electric motors, pumps for thermal applications...

Tata Communications Announces Retirement of Managing Director and CEO Mr. A. S. Lakshminarayanan Tata Communications Limited announced the retirement of Mr. A. S. Lakshminarayanan, which effective from April 13, 2026. Mr. A. S. Lakshminarayanan, who has served as the Managing Director and Chief Executive Officer, concluded his tenure with the company at the close of working hours on this date.The Company issued a statement appreciating the significant contributions made by Mr. A. S. Lakshminarayanan during his time with the organization.The material details regarding the transition are as follows:ParticularsDetailsNameMr. A. S. LakshminarayananRoleManaging Director and Chief Executive OfficerReason for ChangeRetirement...

Matrix Geo Solutions Awarded Two-Year Empanelment to Partner with Central Electronics Limited Matrix Geo Solutions Limited has been awarded a two-year empanelment with Central Electronics Limited, a Government of India Enterprise. The empanelment positions the company as an agency for technology partners specializing in joint Research & Development (R&D), Co-Production, and System Integration for Business Development in India and various Overseas Markets.The newly secured empanelment encompasses a diverse range of market exposure and provides access to various new operational locations.The company noted that these achievements further support its expansion across India and are expected to pave the way for sustained business growth...

Paradeep Parivahan Ltd Appoints Abdul Basith Shaikh as Additional Director Paradeep Parivahan Ltd announced the appointment of Mr. Abdul Basith Shaikh as an Additional Director, effective April 13, 2026. The Board of Directors approved the move following a meeting held on this date, based on the recommendation of the Nomination and Remuneration Committee.The appointment of Mr. Abdul Basith Shaikh (DIN: 11070576) is effective from April 13, 2026. The Board noted that he will continue to serve as an Additional Director until the upcoming Annual General Meeting. Furthermore, his position is slated to be regularized as a whole-time director, contingent upon the approval of the company's shareholders.Director Profile and Experience Mr...

H.G. Infra Engineering Ltd Wins Domestic Contract for Mirzapur Thermal Power Project H.G. Infra Engineering Limited announced on April 13, 2026, that it has secured a significant contract from Mirzapur Thermal Energy (UP) Private Limited. The order pertains to the development of Railway Infrastructure at the 2x800 MW Thermal Power Project in Mirzapur, Uttar Pradesh.The project requires the execution of Civil works, including earthwork, bridges, and Station buildings, alongside P-way works. This domestic contract was awarded on an Item Rate/BOQ basis.According to the details provided, the total consideration for the order amounts to INR 519.33 crore (including taxes). H.G. Infra Engineering Limited has been given a construction...

Ashnoor Textile Mills Ltd Receives Revised Credit Ratings for Bank Facilities Ashnoor Textile Mills Ltd has received a revised credit rating from CRISIL Ratings Limited concerning its bank facilities for the financial year 2026-27.According to the review, the company's total bank loan facility, amounting to INR 80 Crores, has been assessed by CRISIL Ratings Limited. The ratings assigned were a CRISIL BBB-/Stable for the long term facility and a CRISIL A3 rating for the short term facility.The credit rating report provides a detailed breakdown of the 80 Crores facility, specifically concerning Bank of Baroda. The facility structure and associated ratings are detailed below:Facility TypeBankOutstanding Amount (Rs. in Crore)Rating...

Sanginita Chemicals Limited Announces CFO Resignation, Board to Address Succession on April 25 Sanginita Chemicals Limited announced the resignation of its Chief Financial Officer (CFO), Mr. Dipakkumar B. Chavda, citing personal reasons. The company confirmed receiving the resignation letter from Mr. Chavda on April 13, 2026.The company stated that the resignation will be placed before the Board of Directors during its meeting scheduled for April 25, 2026.In the interim period, Sanginita Chemicals Limited plans to identify and appoint a suitable replacement CFO to ensure continuity in its financial leadership.The company confirmed that the official date of Mr. Dipakkumar B. Chavda’s resignation and the appointment of the new CFO...

Godawari New Energy Subsidiary Secures 5-Year Supply Agreement for LFP Cells for BESS Manufacturing Godawari New Energy Private Limited (GNEPL), a wholly owned subsidiary of Godawari Power and Ispat Limited, has secured a major supply agreement crucial for its energy storage ambitions. The subsidiary has finalized a long-term contract with EVE Power Co. Ltd (EVE Power), a company incorporated in the Republic of China.The agreement, which was received by Godawari Power and Ispat Limited on April 13, 2026, mandates the purchase of key battery raw materials, specifically Lithium Ferro Phosphate (LFP) Cells. This supply agreement is set for a period of five years.Under the terms, GNEPL will acquire 628 Ah LFP Cells from EVE Power to...

Jaykay Enterprises Acquires Patange Industries to Bolster Missile Systems and Defence Capabilities Jaykay Enterprises Ltd. announced a strategically significant milestone with the entry into a Slump Sale Agreement (SSA) to acquire the business undertaking of Patange Industries Private Limited. The transaction aims to strengthen the company’s capabilities within the advanced missile systems domain.Under the agreement, Jaykay Enterprises Ltd. will acquire the business operations, assets, intellectual property, and customer relationships of Patange Industries Private Limited, located in Pune. The net consideration for this acquisition is set at Rs. 5,00,00,000 (Rupees Five Crores only).The acquired entity, Patange Industries Private...

Jaykay Enterprises Limited to Acquire Business Undertaking of Patange Industries in Defence Sector Jaykay Enterprises Limited announced on April 13, 2026, that it has executed a Slump Sale Agreement (SSA) with Patange Industries Private Limited (PIPL) to acquire the latter's business undertaking. The acquisition involves a unit engaged in the specialized field of defence precision manufacturing, fabrication, and engineering design services.The SSA establishes the terms for Jaykay Enterprises Limited to take over the entire business undertaking of PIPL. As per the agreement, the acquisition will be conducted on a going concern basis, subject to the specific terms and conditions laid out within the SSA.Under the key financial...

Nifty’s Strength Echoes: Private Sector Profitability Surges, Resilience Boosts Indian Economy The Reserve Bank of India (RBI) has released a comprehensive look at the financial performance of non-government non-financial (NGNF) private limited companies for the fiscal year 2024-25. The data reveals a picture of significant corporate resilience, marked by double-digit profit growth and improving balance sheet health across the sector.Based on audited annual accounts from select 15,919 companies, the total paid-up capital (PUC) of these key private players stood at ₹8,44,198 crore as of the end of March 2025. This figure represents 40.3 per cent of the total PUC for NGNF private limited companies, highlighting the scale of the analyzed...

Linc Ltd Announces Further Investment in Subsidiary Morris Linc Private Limited Linc Ltd has announced a further investment into its subsidiary, Morris Linc Private Limited. The investment totals Rs. 5,60,52,350/-, which is being used for the allotment of 56,05,235 Equity Shares of Rs 10/- each at par.The transaction involves a cash consideration from Linc Limited to bolster its subsidiary's operations.Morris Linc Private Limited, engaged in the manufacturing of writing instruments, has an authorized share capital of Rs. 12,00,00,000/- and a paid-up share capital of Rs. 43,50,000/-.The proceeds from the further share issue will be utilized by Morris Linc towards working capital and capital expenditure. Additionally, Morris Co...