Markets

Pricol Ltd Denies Rumours of Acquiring German Automotive Components Firm Pricol Limited issued a statement categorically denying circulating claims found on social media regarding the acquisition of a 100% stake in a German automotive components firm.The Company addressed a post made by the handle @REDBOXINDIA and other social media accounts on X, formerly Twitter, which claimed such an announcement had been made. Pricol Limited stated that the information is factually incorrect, baseless, and misleading.The company confirmed that it has not made any such announcement, nor has it entered into any agreement, understanding, or arrangement concerning the acquisition of any German automotive components company.For reliable...

Bharat Petroleum Corporation Ltd Appoints Sanjay Khanna as Chairman & Managing Director Bharat Petroleum Corporation Ltd announced that Shri Sanjay Khanna, currently serving as Director (Refineries), has been appointed as the Chairman & Managing Director (C&MD) of the company. This assumption of charge as C&MD is effective from April 9, 2026.The appointment, confirmed via a letter dated April 9, 2026, from the Ministry of Petroleum and Natural Gas (MoP&NG), is effective from April 9, 2026, and will continue until his superannuation date of May 31, 2029, or until such time as further orders dictate.Shri Sanjay Khanna initially served as Director (Refineries) starting February 22, 2022, and had also been holding the additional charge...

CRISIL Revises Credit Ratings for Mirza International Ltd CRISIL Ratings Limited has revised the Outlook for the long term and short term facilities of Mirza International Ltd. According to the rating action disseminated on April 9, 2026, the ratings reflect changes in the outlook for the company's debt instruments.The revised ratings provided by CRISIL Ratings are as follows:Facility TypeRatingLong Term RatingCrisil 888+/NegativeShort Term RatingCrisil A2The rating review noted that all ratings assigned by CRISIL Ratings remain under continuous surveillance and review.A detailed breakdown of the total bank loan facilities rated for the company, along with the rating actions by CRISIL Ratings, is presented below...

Bombay Wire Ropes Ltd Board Meeting Scheduled for Audited Results Approval Bombay Wire Ropes Ltd has scheduled a meeting of its Board of Directors to approve the audited financial results for the Quarter and Year ended March 31, 2026.The Board meeting is slated to take place on Wednesday, April 15, 2026, at the registered office of the Company in Mumbai. The key purpose of the meeting is to approve and formally take record of the audited financial results of the Company, which are prepared under Indian Accounting Standards (Ind AS) for the specified period.The Company's operational details are as follows:DetailInformationCompany NameBombay Wire Ropes LtdDate09/04/2026Registered Address401/405. Jolly Bhavan No- 1, 10...

BEML and Delhi Metro Corporation Join Forces for Strategic Rail and Metro Projects BEML Limited has entered into a strategic partnership with M/s Delhi Metro Rail Corporation Limited, New Delhi. The two entities have agreed to jointly bid for opportunities focused on identifying, pursuing, and executing projects within the rail and metro sectors, both within India and internationally.To formalize this collaboration, a Memorandum of Understanding was signed on 08.04.2026.The joint initiative positions the two companies to pursue development opportunities across India and abroad for major rail and metro projects. The agreement was framed as being in the normal course of business for both parties.BEML Stock Price Movement Shares of...

Maharashtra Seamless Ltd Reports Closure of Subsidiary Internovia Natural Resources FZ LLC Maharashtra Seamless Ltd confirmed the voluntary striking off of its subsidiary, Internovia Natural Resources FZ LLC. The company stated that this closure will not affect its ongoing operations or financial standing.The entity Internovia Natural Resources FZ LLC voluntarily struck off its registration.The company provided a detailed annexure summarizing financial and transactional aspects related to this closure. The annexure included the following key financial details:ParticularsDescriptionTotal Income (Financial year ended on March 31, 2025)NilPercentage of consolidated Income0.00%Net worth0.40 CroreRegarding the sale or...

Dev Information Technology Secures Order from NICSI for Pharmacy Council of India System Dev Information Technology Limited announced securing a substantial work order from National Informatics Centre Services Incorporated (NICSI). The contract is on behalf of the National Pharmacists Registration Tracking System of the Pharmacy Council of India (PCI), which is a statutory body under the Government of India.The scope of the awarded order encompasses several critical technology services for the Pharmacy Council of India (PCI)'s existing IT Infrastructure. These services include Design, Development, Integration, and Maintenance of Software/Applications/Platforms, alongside essential Cybersecurity Services. Furthermore, the project...

Manappuram Finance Sees Tenders for Open Offer Shares On April 8, 2026, details regarding shares tendered in the Open Offer for Manappuram Finance Ltd were noted. The Open Offer concerned the acquisition of up to 24,42,27,387 fully paid up equity shares of face value of IN 2, representing 26.00% of the Expanded Voting Share Capital of Manappuram Finance Limited.The tender details pertain to the Open Offer Escrow Demat Account held with Ventura Securities Limited. As per the Open Offer Escrow Demat Account statement received by the Manager to the Open Offer from Ventura Securities Limited as of 17:03:50 on April 8, 2026, the details of the shares tendered were noted.The transaction involved the Public Shareholders tendering Equity...

Max Financial Services Ltd Approves Share Capital Infusion and Registered Office Shift Max Financial Services Ltd announced key corporate decisions regarding its subsidiary and its registered office location. The Board of Directors approved a reduction in the proposed fund raise for Axis Max Life Insurance Limited and formalized the relocation of the company's registered office.On April 9, 2026, the Board of Directors considered and approved several matters concerning the company's financial restructuring and administrative changes.Regarding the capital infusion into Axis Max Life Insurance Limited (AMLI), the board approved the proposed infusion of share capital of up to ₹ 389 Crores by Axis Bank Limited to meet the subsidiary’s...

Shraddha Prime Projects Ltd Secures Commencement Certificate for 'Shraddha Phoenix' in Mulund Shraddha Prime Projects Ltd, which was formerly known as Towa Sokki Limited, has announced the receipt of a Commencement Certificate (CC) for its new redevelopment project, 'Shraddha Phoenix'. The project is situated at Vidyalaya Marg, Mahakali Nagar, Village Mulund (East), within the Mumbai region.The 'Shraddha Phoenix' development involves the redevelopment of Siddhivinayak Welfare SRA CHS (Prop) and Uttar Bhartiya Residents SRA CHS. The project boasts a total RERA Carpet Area (Residential) of approximately 75,355.64 Sq. Ft. (Approx).Financial projections indicate that this development has the potential to generate revenue of...

Apex Ecotech Limited Approves Borrowing and Investment Enhancements, Plans EGM Apex Ecotech Limited announced several key corporate actions following its Board Meeting held on April 09, 2026. The Board considered and approved enhancements to the company's borrowing and investment limits, alongside approving an Employee Stock Option Plan for 2026 and setting the date for an Extraordinary General Meeting (EGM).The Board approved the enhancement of borrowing powers of the Company up to ₹100 Crore (Rupees One Hundred Crore only). This enhancement is in excess of the aggregate of the company's paid-up share capital, free reserves and securities premium, and is subject to approval from the shareholders via a Special Resolution at the...

Nukleus Office Solutions Ltd Executes Letter of Intent for Phase-2 Expansion Nukleus Office Solutions Limited has executed a Letter of Intent (LOI) to secure additional space for its managed and co-working office operations. The agreement is with R Cube Projects Private Limited (Lead Member) and Spirit Infrastructure Private Limited (Participant Member).The purpose of this agreement is to sub-license additional space at PB Area, R Cube Place, Shivaji Stadium Metro Station, Delhi, for Phase-2 expansion. This space is admeasuring approximately 13,075 sq. ft. in covered area and 20,115 sq. ft. in super area.Key terms outlined in the LOI govern the expanded operational footprint. These include a tenure of 9 years, a lock-in period of 4...

PAKKA LIMITED Appoints Mayank Jindal as Business Head On April 9, 2026, PAKKA LIMITED announced the appointment of Mr. Mayank Jindal as the Business Head (Senior Management Personnel). This appointment followed the approval of the Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, during meetings held on April 7, 2026.Mr. Jindal assumed the role of Business Head with effect from April 9, 2026.Professional Background and Expertise Mr. Mayank Jindal possesses over 35 years of extensive experience within the pulp and paper industry. His expertise combines deep technical knowledge with international exposure across both Indian and global markets.During his career, Mr. Jindal...

Datamatics Launches TruAI Underwriting to Modernize Insurance Risk Assessment Datamatics, a global Digital Technologies, Operations, and Experiences company, has introduced TruAI Underwriting, an Agentic AI-based solution designed to streamline and support insurance underwriting decisions. This launch establishes TruAI Underwriting as the first offering within Datamatics' enterprise AI suite for agentic automation, which combines advanced AI capabilities with deep process expertise for complex, decision-intensive functions.Underwriting remains a critical, judgment-driven function within the insurance value chain, requiring the analysis of diverse materials including medical records, lab reports, financial disclosures, and various risk...

Happy Square Outsourcing Secures Work Order of ₹0.5259 Crore from MPPGCL Happy Square Outsourcing Services Limited, trading under the brand White Force, announced securing a new work order for manpower supply services. The order, valued at approximately ₹0.5259 Crore, was awarded on April 8, 2026.The contract is with the Madhya Pradesh Power Generating Company Limited (MPPGCL), specifically from the Birsinghpur office of the Superintending Engineer (P&W)- Office of the Executive Director (GEN.) in the Umaria District.The work order details indicate that the engagement falls within the ordinary course of business for the company and is awarded by a domestic entity. The services involve the supply of Manpower Services to the client's...

Happy Square Outsourcing Services Wins Manpower Supply Contract in Indore Division Happy Square Outsourcing Services Limited, formerly Happy Square Outsourcing Services Private Limited, has been awarded an additional substation extension in the Indore (Chambal) Division for providing manpower supply services. The contract details, according to the company report dated April 9, 2026, show an order value of approximately ₹0.0859 Crore.The additional substation pertains to the Indore (Chambal) Division and incorporates an extension already reported to the NSE on March 3, 2026.The details of the awarded order are presented below:DetailValueAwarding EntityMadhya Pradesh Power Transmission Company Limited (MPPTCL)- Indore (Chambal)...

Shankar Lal Rampal Dye-Chem Limited Approves Key Board Changes and Policies Shankar Lal Rampal Dye-Chem Limited reported outcomes from its Board meeting held on April 9, 2026. The Board approved several corporate governance updates, including the appointment of a new Independent Director and the reconstitution of key board committees.The Board noted the resignation of Mr. Murli Atal as an Independent Director, effective March 26, 2026.A significant governance action was the approval for the appointment of Mr. Sumit Jain (DIN: 11490160) as an Additional Director and Independent Director. This appointment is set for a term of 5 consecutive years, commencing from April 9, 2026, up to April 8, 2031, pending shareholder approval.The...

Glen Industries Reports FY26 Growth Driven by Food Containers; Plans Capacity Expansion Glen Industries Limited, a manufacturer of eco-friendly food packaging products, announced its business update for the period ended H2 FY26 and FY26. The company reported strong performance in FY26, with revenue reaching ₹ 203.13 Cr, marking a Year-over-Year (YoY) growth of 19.02%.The company manufactures items including thin wall food containers, PLA straws, and paper straws, serving markets such as QSRs, HoReCa, FMCG, and exports, where it maintains an operational presence in over 30 countries.Financial Highlights for FY26 and H2 FY26 The financial performance data shows the following revenues:PeriodRevenueYoY GrowthH2 FY26₹ 107.57...

Mahindra & Mahindra Ltd to Acquire 26% Stake in Neon Hybren Private Limited Mahindra & Mahindra Ltd has approved the acquisition of a 26% stake in Neon Hybren Private Limited. This investment is part of a strategic move involving the establishment of a Group Captive Power Plant in Punjab, India.Neon Hybren Private Limited ('Neon') is developing a grid-connected photo voltaic groundmounted captive power plant in Punjab, intended to supply power to Mahindra & Mahindra Ltd on a captive basis. To comply with the Electricity Rules 2005, the Company is required to hold at least 26% of the share capital of Neon to qualify as a captive user.Neon is structured as a step-down subsidiary of Mahindra & Mahindra Ltd. Specifically, Neon is a...

CFF Fluid Control Ltd Secures Contract for Indian Navy Equipment Procurement CFF Fluid Control Limited has received a significant contract for the procurement of various equipment intended for the Indian Navy. The contract was awarded by NHQ The Directorate of Procurement, Delhi (Indian Navy).The total value of the contract has been reported to be approximately Rs. 78.74 Crores, including tax. The scope of work involves the Procurement of various Equipment for Navy Various Program.The transaction details indicate that the order is domestic in nature, originating from a domestic entity. The expected timeline for execution is delivery by April 2027.Financial and operational details pertaining to the contract are summarized below...