Markets

Total Transport Systems Limited Files Appeal Against GST Authority Order Total Transport Systems Limited announced on April 10, 2026, that it has filed an appeal concerning an Order-in-Original. The directive stems from the Assistant Commissioner, Central Goods & Services Tax & Central Excise, Division-VIII, Mumbai East Commissionerate, under the CGST Act, 2017 and MGST Act, 2017 read with IGST Act, 2017.The company's action follows the receipt of the Order-in-Original dated December 31, 2025.In previous filings, the details regarding this order were furnished in an intimation dated March 20, 2026.The company confirmed that all required details pertaining to the said order, as stipulated by Regulation 30 of the SEBI (LODR)...

Embassy Developments Limited Shares Move to IBC Stage 1 Under Surveillance Framework Embassy Developments Limited's equity shares have been moved to IBC Stage 1 under the Additional Surveillance Measure (ASM) Framework by the Stock Exchanges, effective April 10, 2026. This action follows an upward price variation exceeding 25% over five trading sessions.The listing move was based on circulars issued by BSE Limited (Circular No: 20260409-) and National Stock Exchange of India Limited (Circular No. 258/2026), both dated April 9, 2026. Consequently, the company's shares are now subject to trading once a week, specifically on the first trading day of the week, as a temporary surveillance measure intended to ensure orderly market conduct...

Corporate Merchant Bankers Ltd Board Approves Secretarial Auditor Appointment and Announces E-Voting Period Corporate Merchant Bankers Ltd held a Board of Directors meeting on April 10, 2026, which considered and approved several operational matters. During the meeting, the Board considered the appointment of M/s. Dhruvi Patel & Associates, Company Secretaries, as the Secretarial Auditor for the Financial Year 2025-26, subject to subsequent shareholder approval.The Board meeting took place on April 10, 2026, at the Company's Corporate Office located at 806, Ratnanjali Square, Prernatirth Derasar Road, S A C, Ahmedabad, Ahmedabad City, Gujarat, India, 380 015. The meeting commenced at 4:00 P.M. and concluded at 5:00 P.M.In addition...

Genus Prime Infra Ltd Allots Shares to Shareholders Following Scheme Approval Genus Prime Infra Ltd, formerly Gulshan Chemfill Limited, announced details regarding the allotment of equity and preference shares following an approved Scheme of Arrangement. The Board of Directors of the Company, at a meeting held on April 10, 2026, approved the allotment of securities to various shareholder groups.The allotment occurred pursuant to the Scheme involving Genus Prime Infra Limited, Sansar Infrastructure Private Limited, Star Vanijya Private Limited, Sunima Trading Private Limited, Genus Power Infrastructures Limited, Yajur Commodities Limited, and their respective shareholders and creditors.Key allotments approved by the Board included...

Mahindra & Mahindra Ltd Divests Entire Stake in Erkunt Foundry Mahindra & Mahindra Ltd has announced the divestment of its entire stake in Erkunt Sanayi Anonim Şirketi, a step-down subsidiary. Mahindra Overseas Investment Company (Mauritius) Limited (MOICML), a wholly owned subsidiary of the Company, along with its wholly owned subsidiary, Erkunt Traktör Sanayii Anonim Şirketi (Erkunt Traktör), entered into a Stock Purchase Agreement (SPA) with Hisarlar Makina Sanayi ve Ticaret A.Ş., Mr. Oguzhan Sahinkaya, and Mr. Bunyamin Sarioglu (collectively, the Buyers).The transaction involves MOICML and Erkunt Traktor selling their aggregate 99.04% stake in Erkunt Sanayi Anonim Şirketi, known as Erkunt Foundry, to the Buyers. The Company stated...

Emkay Global Financial Services Ltd Allocates Shares Under ESOP Schemes, Increasing Capital Base Emkay Global Financial Services Ltd announced that its Nomination, Remuneration and Compensation (NRC) Committee, following a resolution passed on April 10, 2026, approved the allotment of equity shares under two distinct Employee Stock Option Plans.The allotments included shares under the Employees Stock Option Plan 2007 (ESOP-2007) scheme to the eligible employee of the foreign subsidiary, and shares under the Employees Stock Option Plan 2018 (ESOP-2018) scheme to the Company’s eligible employees.The allotment under the ESOP-2007 scheme involved 35,250 Equity shares, each valued at Rs. 10. For the ESOP-2018 scheme, a total of 1,12,418...

Life Insurance Corporation of India Names Diwakar Mohan Mittal as Additional Executive Director Life Insurance Corporation of India announced the elevation of Mr. Diwakar Mohan Mittal to the position of Additional Executive Director (Customer Relationship Management/Claims/Annuities) at the Central Office.Mr. Diwakar Mohan Mittal was previously serving as Chief (Customer Relationship Management/Claims/Annuities) at the Central Office. This appointment took effect on April 10, 2026.The Corporation's record shows that Mr. Mittal has a long association with the company. He initially joined the Corporation in 1992 as an Assistant Administrative Officer.Throughout his career spanning more than three decades, Mr. Mittal has undertaken...

DIC India Limited Receives Order Confirming Demand of Rs.17,32,208 from GST Authority DIC India Limited confirmed receiving an order from the Joint Commissioner of Commercial Taxes (Appeals-8), Bangalore. The order, received on April 9, 2026, confirms and upholds an original adjudication order passed by the Deputy Commissioner of Commercial Taxes (Audit)-4.9, DGSTO-04, Bangalore. This matter relates to the tax period spanning July 2017 to March 2018.The confirmation relates to a demand order issued under Section 107(11) of the KGST Act, 2017, concerning alleged discrepancies in GST filings.The total demand confirmed by the Joint Commissioner of Commercial Taxes (Appeals-8), Bangalore, amounts to Rs.17,32,208/-. This figure comprises...

Premier Synthetics Confirms No Deviation in Public Issue Proceeds Use Premier Synthetics Ltd confirmed that there has been no deviation or variation in the use of public issue proceeds raised from its Initial Public Offer (IPO).The company also stated that over the last three financial years, there has been no change in share capital structures.The company confirmed the following regarding capital movements over the last three Financial Years:Buy Back of Securities: The company has not bought back any of its securities. Sweat Equity Shares: No Sweat Equity Shares have been issued. Bonus Shares: No Bonus Shares were issued during the year. Public Issue, Right Issue, QIP, Debentures: The company has not issued any Public Issue...

Parth Electricals Secures New Orders from TATA Power Central Odisha Distribution Parth Electricals & Engineering Limited has secured new orders for 11KV Compact Substations from TATA Power Central Odisha Distribution Limited. The contract is expected to commence in the utilities segment at the beginning of the Financial Year 2026-27.The aggregate value of the new orders received from TATA Power Central Odisha Distribution Limited, a joint venture of Tata Power and the Government of Odisha, is ₹ 923.40 Lakh, equating to ₹ 9.23 Crore.These orders are structured as a rate contract and include a provision for potential extension further during the year. The company notes that these orders are anticipated to be executed within 12 months...

GP Eco Solutions India Limited Declares Non-Applicability of Certain Corporate Governance Regulations GP Eco Solutions India Limited, which previously operated under the name GP Eco Solutions India Private Limited, has declared that several corporate governance regulations are not applicable to the company for the quarter ended March 31, 2026.The declaration addresses compliance with provisions outlined in the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, the company noted that compliance with corporate governance provisions detailed across multiple regulations and schedules is not applicable to certain listed entities.The applicability criteria cited for...

ICRA Reaffirms Credit Ratings for Kalyan Jewellers India Ltd ICRA Limited has reaffirmed the credit ratings assigned to the bank facilities of Kalyan Jewellers India Limited. The rating stands at [ICRA]AA- (Stable) / [ICRA]A1+. This assessment was made on April 10, 2026.The detailed rating rationale and instrument-wise rating actions are available for review via the provided link.For context, the affirmation pertains to Kalyan Jewellers India Ltd, which has listed on the National Stock Exchange of India Ltd. with the symbol KALYANKJIL and on the BSE Limited with the scrip code 543278.KALYANKJIL Stock Price Movement Today, Kalyan Jewellers India Limited shares edged higher to close at ₹449.15, marking a gain of 0.57% for the...

SecUR Credentials Ltd Board Meeting Scheduled for April 17, 2026 SecUR Credentials Ltd has scheduled a Board of Directors meeting for Friday, April 17, 2026. The meeting is set to address key corporate matters, including the adoption of the standalone unaudited financial results.The board meeting agenda is primarily focused on two main items. First, the company plans to take on record and adopt the standalone unaudited financial results for the quarter ending June 30, 2024, along with a limited review report for the same period. Secondly, the board will also consider any other matter deemed necessary during the meeting.Source:

RBI Reimagines NBFC Oversight: Asset Size Benchmarks to Redefine Systemic Upper Layer Status The Reserve Bank of India (RBI) has signaled a significant overhaul of its regulatory framework governing Non-Banking Financial Companies (NBFCs). The central bank released draft Amendment Directions today, focusing keenly on revising the methodology for identifying the Upper Layer (NBFC-UL).These draft directions aim to streamline regulation by addressing key areas, including the criteria for NBFC-UL designation and the inclusion of government-owned entities. The proposed changes reflect a push toward a more transparent and ownership-neutral regulatory structure.Proposed Overhaul of NBFC-UL Identification Methodology The current Scale Based...

RBI Data Unpacked: State Govts' Loans Surge, Foreign Reserves Hit by Fluctuations in April 2026 Overview of RBI's Weekly Statistical Snapshot The Reserve Bank of India released its Bulletin Weekly Statistical Supplement, detailing key financial metrics as of April 10, 2026. The data provides insights into the institution's liabilities, assets, foreign exchange reserves, and the broader money supply components.The report highlights specific movements in State Government loans and fluctuations within the country's foreign exchange reserves during the reporting period.Analysis of RBI's Liabilities and Assets Movements Examining the "Loans and Advances" category reveals significant movement concerning State Governments. As of the week...

Vakrangee Limited Expands Insurance Portfolio Through Partnership with IndiaFirst Life Insurance Vakrangee Limited has announced a strategic corporate partnership with IndiaFirst Life Insurance Company Limited to enhance the availability of life insurance solutions across its extensive network. The collaboration aims to strengthen insurance service delivery, particularly in rural and semi-urban regions.Through this alliance, Vakrangee will provide access to a diverse range of life insurance products via its network of Vakrangee Kendras. These outlets, which are largely situated in rural and semi-urban geographies, will now be able to distribute multiple insurance offerings, including term protection plans, catering to both individual...

SEBI Moves to Seize Assets: Notice Issued to Attach Demat, Bank Accounts of Sanchi Research The Securities and Exchange Board of India (SEBI) has taken significant punitive action, issuing notices to attach the assets of M/s Sanchi Research. The order, dated April 10, 2026, mandates the attachment of the company's holdings across multiple financial institutions.The directives are addressed to major clearing corporations, mutual fund houses, and all banks nationwide. This action relates to the recovery of dues amounting to ₹ 6,73,000 against the proprietor, Mr. Ramgopal Set.Details of the Attached Financial Liabilities The recovery action is predicated on a Recovery Certificate No. 7671 of 2024, initially drawn up on February 20...

Simplex Castings Ltd. to Host Analyst Interaction on April 17, 2026 Simplex Castings Ltd. has scheduled an interaction session with an institutional investor as part of its schedule of management meetings with analysts and investors.The company management will interact with Fintrekk Capital on April 17, 2026, at 4:00 P.M. The meeting is scheduled to take place virtually.During this scheduled meeting, the company stated that it will refer only to information that is publicly available, and no confidential or unpublished price sensitive information will be shared or discussed.The interaction details are summarized below:DateTimeAnalyst / Institutional InvestorType of MeetingMode17th April, 20264:00 P.MFintrekk CapitalOne to...

Containe Technologies Ltd Forfeits Outstanding Warrants After Non-Exercise by Holders Containe Technologies Ltd announced that its Board of Directors approved the forfeiture of outstanding warrants following the expiry of the conversion option period for the warrant holders. The board meeting addressing this action was held on April 10, 2026.The company had previously informed the market regarding warrant allotments. Earlier on September 5, 2024, the Board had allotted 24,50,000 Equity Share Warrants. These warrants had a face value of Rs. 10/- each and were issued at an issue price of Rs. 86/- per equity share, incorporating a premium of Rs. 76/- each. The allotment gave warrant holders the right to apply for and be allotted one...

Mahindra Holidays & Resorts Announces Conference Call for Q4 and FY26 Performance Mahindra Holidays & Resorts India Ltd has scheduled an Earnings Conference Call to discuss the financial and operational performance of the company for the fourth quarter and the financial year ended March 31, 2026.The conference call is set for Monday, April 27, 2026, at 6:00 p.m. IST. The event will be hosted from Mumbai and will be attended by analysts and investors.Key participants slated to attend the call include Mr. Manoj Bhat, Managing Director & CEO, and Mr. Vimal Agarwal, CFO, along with the Senior Management Team.Participants can join the conference call via an Audio Conference call. Access numbers for different regions are provided as...