Markets

Shraddha Prime Projects Ltd Appoints New Non-Executive Director and Records Resignation Shraddha Prime Projects Ltd, formerly known as Towa Sokki Limited, announced updates following its Board of Directors meeting held on April 9, 2026. The board approved the appointment of a new Non-Executive Director and took record of a resignation from the company's board.The meeting, which commenced at 12:30 p.m. and concluded at 12:55 p.m., resulted in two key changes to the company's directorship.Mr. Vinay Madhukar Nayak (DIN: 08494834) has been appointed as an Additional Non-Executive Director, with the appointment effective from April 9, 2026. Mr. Nayak holds a Master Degree in International Business from the University of Wales - Cardiff...

Advik Capital Ltd Board Approves Rights Issue and Appoints Company Secretary Advik Capital Ltd, during its Board meeting held on April 9, 2026, considered and approved several key business items, including a plan to raise capital through a rights issue and the appointment of a new Company Secretary.The Board meeting addressed an alert concerning influence and shareholding concentration. Following notations of recent SAST disclosures by a shareholder and related developments, the Board observed suspicious trading patterns that showed apparent coordinated intent, potential round tripping or routing of funds by certain entities aiming to accumulate influence and shareholding concentration. The Board noted these patterns raised reasonable...

Lords Chloro Alkali Ltd Receives Listing Approval for Equity Shares Lords Chloro Alkali Ltd has secured listing approvals from both the National Stock Exchange of India Limited and BSE Limited for a block of equity shares. The approval pertains to 35,00,000 equity shares, which are allotted pursuant to the conversion of Warrants.The shares are set to be listed on a preferential basis to persons/entities belonging to the 'Promoter and Non-Promoter Category'. The conversion involves 35,00,000 Warrants that were initially issued at an Issue Price of Rs. 122/each. This transaction comprises the face value of Rs. 10/- each and a premium of Rs. 112/- each, aggregating to Rs. 42,70,00,000/-.The company confirmed receiving the listing...

Bharat Forge Ltd Board Considers Restructuring of German Subsidiary Operations Bharat Forge Ltd's Board of Directors evaluated a proposal concerning the phased restructuring of the steel forging operations managed by its wholly owned subsidiary, Bharat Forge CDP GmbH, located in Ennepetal, Germany. The evaluation, conducted during a Board Meeting held on Thursday, April 9, 2026, included considering an orderly wind-down and solvent liquidation of BF CDP, adhering to applicable German laws.The consideration of this restructuring proposal stems from market challenges and cost disadvantages faced by BF CDP within Germany.To facilitate the proposed restructuring of the German unit, the Board approved a financing arrangement amounting to...

Bharat Heavy Electricals Signs Technology Collaboration Agreement with Korean Firm Bharat Heavy Electricals Limited (BHEL) has executed a Technology Collaboration Agreement (TCA) with E2S Company Limited of the Republic of Korea. This international agreement focuses on the area of excitation systems for synchronous machines.The TCA signed between the two entities concerns Static Excitation Systems (SEE) and Brushless Excitation Systems (AVR). The scope of the business operation covered under the agreement is the Technology Collaboration Agreement (TCA) for excitation system for synchronous machines.The collaboration is set to assist BHEL in several key operational areas. The expected rationale and benefit from this TCA include...

Anand Rathi Wealth Ltd Reports FY26 Results; Announces 1:1 Bonus Issue and ₹7 Final Dividend Anand Rathi Wealth Limited announced its financial performance for the full year ending March 2026 (FY26) and the fourth quarter (Q4 FY26) on April 9, 2026. The company declared a 1:1 bonus issue and a final dividend of ₹7 per share.For the financial year April 2025 to March 2026 (FY26), the company reported a consolidated Profit After Tax of ₹386 crores, marking a 28% year-on-year increase. Total revenue for the period saw growth of 22%, reaching ₹1,198 crores.For the quarter spanning January 2026 to March 2026 (Q4 FY26), the consolidated Profit After Tax was ₹92 crores, an increase of 25% year-on-year. Total revenue for Q4 FY26 rose by 25%...

Vinyl Chemicals (India) Ltd. to Hold Board Meeting on April 24, 2026 Vinyl Chemicals (India) Ltd. has scheduled a Board of Directors meeting for Friday, April 24, 2026. The primary agenda items for the meeting include consideration and recording of the Audited Financial Results for the year ended March 31, 2026. The board will also consider recommending a dividend, if any, on the company's equity shares.The company also announced that the trading window will remain closed from March 31, 2026, until April 26, 2026, in observance of the board meeting concerning the audited financial results.VINYLINDIA Stock Price Movement Shares of Vinyl Chemicals (India) Limited are edging higher to ₹226.12 as of 12:46 PM, rallying 2.15% in live...

Canara Bank Extends Additional Charge for MD & CEO Role to Hardeep Singh Ahluwalia The Department of Financial Services, Ministry of Finance, Government of India, issued a notification on April 09, 2026, extending the Additional Charge for the position of Managing Director and Chief Executive Officer (MD&CEO) at Canara Bank. The extension was assigned to Shri Hardeep Singh Ahluwalia, Executive Director, Canara Bank.The additional charge period extends for three months beyond March 31, 2026, meaning the tenure is set up to June 30, 2026. This appointment remains effective until a regular incumbent is appointed to the post of MD & CEO, Canara Bank, or until further orders, whichever occurs earlier.Key details regarding the extension...

Seamec Ltd Takes Vessel 'SEAMEC AGASTYA' Out of Service for Technical Reasons Seamec Ltd announced on April 9, 2026, that its vessel, 'SEAMEC AGASTYA', has been temporarily taken out of service due to technical reasons.The company reported that the vessel was taken out of field effective from 08:30 hrs on April 9, 2026.The company stated that an update will be provided upon the redressal of the technical defect affecting the vessel.The reporting details for the listed entities are as follows:ExchangeScrip CodeSymbolBSE Limited526807N/ANational Stock Exchange of India LimitedN/ASEAMECLTDThe vessel 'SEAMEC AGASTYA' is associated with Seamec Ltd, which is a member of the International Marine Contractors Association...

Oil Country Tubular Ltd Avails Term Loan Facility of Rs. 6.82 Crores Oil Country Tubular Limited confirmed that its Board of Directors conducted a meeting on April 09, 2026, during which it approved a Term Loan Agreement. The financing facility is being availed from Cosmos Co-Operative Bank Ltd.The transaction involved approving the Term Loan Agreement dated April 9, 2026, for an amount totaling Rs. 6.82 Crores (Rupees Six Crores Eighty-Two Lakhs Only).According to the details of the agreement, the primary purpose of the secured term loan is the Purchase of New Machinery/Equipment.The financial details of the loan agreement are summarized below:ParticularsDetailsLenderCosmos Co-Operative Bank LimitedNature of LoanSecured...

Carraro India Limited Receives Final Assessment Order and Notice of Demand from Income Tax Department Carraro India Limited confirmed the receipt of a Final Assessment Order and Notice of Demand from the faceless assessment unit of the income-tax department. The order was received on 08th April, 2026. The Company noted that the amount of contention, as opposed to the amount content in the previous Show-Cause Notice, has been settled downwards by the Income-tax department.The details of the Final Assessment Order and Notice of Demand are noted in an annexure provided by the Company.According to the details provided, the Final Assessment Order and Notice of Demand, dated 08th April, 2026, was issued by the faceless assessment unit of...

Dilip Buildcon Declared L-1 Bidder for Rs 268 Crore Gujarat Barrage Project Dilip Buildcon Limited through its Joint Venture, DBL-RBL, has been declared the L-1 bidder for a major infrastructure project. The bid pertains to the 'Designing and Construction of Ged Barrage, Protection work & Other allied activities across river Sabarmati between Hirpura barrage & Lakroda weir' on an Engineering, Procurement and Construction (EPC) mode basis.The tender was floated by the Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat.The scope of work involves the EPC work for the Designing and Construction of Ged Barrage, Protection work & Other allied activities across river Sabarmati between Hirpura barrage &...

Ruchira Papers Ltd Board Approves Key Director Appointments and Designations The Board of Directors of Ruchira Papers Ltd, at a meeting held on April 9, 2026, approved several key appointments and designation changes, according to the company's reports.The board's decisions included appointing Sh. Jatinder Singh as Managing Director of the Company. This appointment changes his designation from Whole-Time Director and is effective from April 9, 2026. His tenure for this role is for the remaining period up to August 31, 2030, pending shareholder approval. Sh. Jatinder Singh's profile notes his profound understanding of the paper industry and his expertise in overseeing Finance, Administration, and Raw Material Procurement...

Bondada Engineering Ltd Commissions 48.2 MWp Solar Projects in March 2026 Bondada Engineering Limited announced the successful commissioning of solar power projects aggregating to 48.2 MWp during March 2026. These executed projects were delivered for notable clients, including Paradigm IT and MAHAGENCO, across various locations within Maharashtra.The recent commissioning marks a significant operational development for the engineering company. With this addition, Bondada Engineering Ltd has achieved approximately 500 MWp of project execution during the financial year 2025 - 26. This brings the company's cumulative executed capacity to around 1.3 GWp.The successful delivery highlights the company's execution capabilities, technical...

Capri Global Capital Announces Tranche I Public Issue of Secured Non-Convertible Debentures Capri Global Capital Limited has announced the Tranche I public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) aggregating up to ₹5,000 million. The offering comprises a base issue size of ₹1,000 million, supplemented by a green shoe option of ₹4,000 million, designated as the 'Tranche I Issue'.The NCD issue is structured with an offer coupon rate of up to 9.50% per annum. The credit ratings supporting the issue are 'IVR AA/Positive' by Infomerics Valuation and Rating Limited and 'ACUITE AA | Stable' by Acuité Ratings & Research Limited. Investors have options for multiple tenures, including 24 months, 36 months...

Persistent Systems Launches Merchant Risk Management Solution Powered by Databricks AI Persistent Systems, a global Digital Engineering and Enterprise Modernization leader, has launched its Merchant Risk Management and Fraud Detection solution, which is powered by the Databricks Data Intelligence platform. The solution aims to assist financial institutions in reducing fraud losses, improving detection accuracy, and lowering manual review efforts through real-time, intelligence-driven decision-making.As digital payments expand, financial institutions, payment service providers, digital platforms, and their end customers are facing escalating fraud, regulatory scrutiny, and reputational risk. The solution addresses the limitations of...

Anand Rathi Wealth Ltd Approves Bonus Shares, Final Dividend, and Capital Increase Anand Rathi Wealth Ltd, during its Board of Directors meeting held on April 09, 2026, took several key corporate actions, including approving a final dividend, increasing its authorized share capital, and recommending a bonus issue for its shareholders.The Board reviewed the audited financial results for the fourth quarter and the financial year ended March 31, 2026. During the meeting, the directors noted the Independent Auditor's Report concerning the audited financial results (standalone and consolidated) for the year ended March 31, 2026.Key resolutions passed or taken on record by the Board include:Final Dividend Declaration: The Board proposed...

Veedol Corporation Limited Reports Resignation of Head - HR, Admin & CSR Veedol Corporation Limited has confirmed the resignation of Dr. Manish Khodaskar from the role of Head - HR, Admin & CSR.The company confirmed receipt of the resignation letter from Dr. Manish Khodaskar, formerly serving as Head - HR, Admin & CSR. In the resignation submission, Dr. Khodaskar indicated that his departure was due to personal reasons and requested to be relieved on the last working day, specified as April 30, 2026.The company, which was formerly known as Tide Water Oil Co. (India) Limited, issued this confirmation following earlier disclosures made by the company on March 10, 2026.For operational reference, Veedol Corporation Limited's corporate...

Escorts Kubota Limited To Launch New Tractor Series Via Powertrac Escorts Kubota Limited has announced plans to introduce a new tractor series through its subsidiary, Powertrac, in the near future. The company stated the intention to launch the new tractor line shortly.ESCORTS Stock Price Movement Shares of Escorts Kubota Limited are edging higher to ₹3158.5 as of 12:14 PM today, climbing 3.24% in live trading. The stock sustained momentum on a volume of 58,882 shares, indicating strong intraday buying interest.Source:

Maiden Forgings Reports Record Production and New Plant Completion for FY 2025-26 Maiden Forgings Limited achieved its highest-ever production in the financial year 2025-26, reporting a total output of 35,546 MT. This figure marks a growth of over 11.5% compared to the preceding year.The company's revenue for FY 2025-26 surpassed Rs. 233 crores, reflecting a year-on-year growth of more than 9.5%.Maiden Forgings Limited also reported notable progress in the B2G segment during the financial year. The company secured registrations with several prominent government organizations. These included:Ordnance Factory, Murad Nagar Terminal Ballistics Research Laboratory (TBRL), DRDO Centre for Military Airworthiness & Certification...