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Aeroflex Enterprises Subsidiary Faces Demand Order from Central GST Commissionerate Aeroflex Enterprises Limited reported an order received by its subsidiary, Aeroflex Industries Limited (AIL), from the Office of the Superintendent, Central GST Commissionerate, Raigad. The matter concerns the input tax credit pertaining to expenses incurred during the Initial Public Offering (IPO) and related matters for the tax period spanning from April 2021 to March 2024.The order was issued under Section 74 of the CGST Act 2017 and rules made thereunder. According to details provided by AIL, the authority raised a demand amounting to Rs. 3,59,70,285/- plus a penalty of Rs. 3,59,70,285/-, resulting in a total amount of Rs. 7,19,40,570/-.The order...

Xchanging Solutions Ltd Faces ITAT Order Regarding Transfer Pricing Adjustment The Income Tax Appellate Tribunal (ITAT), Bangalore, issued an order on April 06, 2026, partly allowing an appeal filed by Xchanging Solutions Ltd concerning Assessment Year 2011-12. This development relates to ongoing litigation concerning transfer pricing adjustments.The Tribunal directed the assessing officer to recompute the transfer pricing adjustment. This recomputation is to be made against the earlier assessed amount of ₹ 4,52,14,43, after the learned officer excludes certain comparable companies while determining the arm's length price.The company stated that there is no material impact on its financial standing, nor any impact on its operations...

NHPC to Construct 1720 MW Kamala Hydro Electric Project in Arunachal Pradesh The Cabinet Committee on Economic Affairs (CCEA) has approved an investment of ₹26,069.50 Crore for the construction of the 1720 MW Kamala Hydro Electric Project (HEP) located in Kamle, Kra Daadi, and Kurung Kumey Districts of Arunachal Pradesh. The projected completion timeline for the entire project is 96 months.The installed capacity of the Kamala HEP is set at 1720 MW, comprising 8 x 210 MW units and 1 x 40 MW unit. This facility is anticipated to generate 6870 MUs of energy annually.The implementation of the project will be managed through a Joint Venture Company involving NHPC Limited and the Govt. of Arunachal Pradesh.Financial support for the...

NTPC Signs Non-Binding MoU with EDF to Explore Nuclear Power Cooperation NTPC Limited has signed a Non-Binding Memorandum of Understanding (MoU) with Électricité de France (EDF) to explore cooperation in developing new nuclear power projects in India. The agreement, formalized on April 8, 2026, follows approvals from the concerned ministries and departments of the Government of India.The MoU was executed by Mr Arnada Prasad Samal, CGM (Nuclear Cell), representing NTPC, and Mr Vakisasi Ramany, Senior Vice President, International Nuclear Development, on behalf of EDF.Framework for Joint Collaboration The agreement establishes a framework for both entities to jointly assess the feasibility and approach for collaboration. Key areas...

BSE Limited Acquires Stake in Social Stock Exchange Capacity Building Foundation BSE Limited confirmed its acquisition of equity shares in the newly formed 'Social Stock Exchange Capacity Building Foundation' (SSE CBF), a Section 8 Company. This development follows earlier board approval for acquiring 16,000 Equity Shares of ₹ 10 each, totaling ₹ 1,60,000/-, out of the proposed total paid-up capital of ₹ 4,00,000. The foundation is jointly promoted by National Bank for Agriculture and Rural Development (NABARD), Small Industries Development Bank of India (SIDBI), National Stock Exchange of India Limited (NSE), and BSE Limited (BSE).NSE and BSE have received SEBI approval for the incorporation and equity stake acquisition in the...

Popular Vehicles and Services Ltd Receives Rating Extension from CRISIL Popular Vehicles and Services Ltd announced an extension of its credit rating following an intimation from CRISIL RATINGS LIMITED. The rating extension details reflect specific changes in the company's total bank loan facilities.On April 7, 2026, CRISIL RATINGS LIMITED provided an intimation confirming the following ratings status for Popular Vehicles and Services Ltd. The long-term rating has been extended to CRISIL A/Stable, and the short-term rating remains at CRISIL A1. These ratings are valid until March 31, 2027.The intimation also detailed an increase in the total bank loan facilities rated. The amount has been raised from ₹ 468 Crore to ₹ 643 Crore.The...

Nippon Life India Asset Management to Pay EPFO Dues of Rs. 36,54,699 for International Workers Nippon Life India Asset Management Limited received an order on April 7, 2026, concerning the payment of balance E.P.F. and allied dues. This order pertains to international workers engaged by the company for the period spanning from May 2013 to March 2017.The requirement stems from an order issued under Section 7A of the Employees Provident Fund & Miscellaneous Provisions Act, 1952. The financial implication noted in the communication is Rs. 36,54,699/- (Rupees Thirty Six lakhs Fifty-Four Thousand Six Hundred and Ninety-Nine Only).According to the details provided, the dues are related to balance E.P.F. and allied dues for the specified...

Meta Infotech Secures Rs. 2.58 Crore Cloud Security Subscription Renewal Meta Infotech Ltd has secured fresh and renewal orders totaling Rs. 2,58,99,000/- for a cloud security subscription for the period spanning from June 01, 2026 to May 31, 2027. The contract was awarded by a leading mutual fund and investment management company, which is classified as a domestic entity.The total value of the orders is stated as Rs. 2,58,99,000/ (Rupees Two Crores Fifty Eight Lakhs Ninety Nine Thousand Only Excluding GST).The details of the contract award are as follows:DetailDescriptionEntity Awarding OrderLeading mutual fund and investment management companyNature of OrderCloud security subscriptionContract PeriodJune 01, 2026 to...

Dachepalli Publishers Reports Strong Operational Performance in Q4 FY26 and FY26 Dachepalli Publishers Limited, a leading K-12 academic publishing and integrated education solutions company, reported robust operational performance for the fourth quarter of fiscal year 2026 (Q4 FY26) and the full year FY26. The growth was supported by strong demand from schools, increasing use of digital solutions, and the continued scale-up of its Pelican platform.Financial Overview The financial results highlight strong execution across both core publishing operations and the growing contribution from integrated academic solutions.For Q4 FY26, the company recorded a revenue of ₹ 35.84 Cr, marking a Year-over-Year (YoY) growth of 43%.For the full...

Monika Alcobev Ltd Schedules Analyst Investor Meet for April 13, 2026 Monika Alcobev Ltd has scheduled an Analyst/Institutional Investor Meeting, with details provided for the engagement.The company has arranged a one-on-one interaction with Convergent Finance LLP. This meeting is scheduled to take place on Monday, April 13, 2026, in Mumbai, from 3:00 PM to 4:00 PM IST.The details of the analyst investor engagement are presented below:DateAnalyst/ Investor NameType of InteractionMode of InteractionVenueTime (IST)Monday, April 13, 2026Convergent Finance LLPOne-on-OneIn personMumbai3:00 PM to 4:00 PMThe company noted that the schedule might change due to exigencies concerning the Analyst, the Investor, or the Company...

Jet Airways Announces Auction Outcome for Sale of Boeing 777 Aircraft Assets Jet Airways (India) Ltd confirmed the outcome of the e-auction process for its assets, specifically two Boeing 777 aircraft based in Delhi. The auction was conducted by the Liquidator, Mr. Satish Kumar Gupta, following previous intimations issued on March 5, 2026, and March 20, 2026.The sale of the assets was undertaken through the e-auction platform BAANKNET (formerly eBKray). Details regarding the highest bid and successful bidders for the aircraft assets have been reported.A summary of the auction results for the two assets is provided below:Asset SetDescription of AssetAuction IDReserve Price (INR)Highest Bid (INR)Successful Bidder1Aircraft -...

Krishna Capital and Securities Ltd Appoints Mr. Nishant Darak as Independent Director Krishna Capital and Securities Ltd announced the approval by its Board of Directors regarding the appointment of Mr. Nishant Darak as a Non-Executive Independent Director. The Board meeting convened on April 8, 2026, approved this appointment.Mr. Nishant Darak, bearing DIN 11652306, has been appointed as the Non-Executive Independent Director for a duration of five years. This tenure is set to begin on April 8, 2026, and conclude on April 7, 2031. The appointment remains subject to the approval of the Shareholders at the forthcoming Annual General Meeting.The Board meeting commenced at 4:30 p.m. and concluded at 5:00 p.m.Stock Price Movement...

Poonawalla Fincorp Ltd Grants 9,30,000 Stock Options Under ESOP Plan On April 08, 2026, the Nomination and Remuneration Committee of the Board of Directors of Poonawalla Fincorp Limited granted a total of 9,30,000 stock options to eligible employees. These options fall under the 'Employee Stock Option Plan-2024- Scheme-II' (ESOP-2024-Scheme-II) and represent Tranche 40.The stock options were granted at an exercise price of Rs. 400.88. The vesting of these stock options will adhere to the schedule specified within the ESOP-2024-Scheme-II.The grant of these stock options aligns with the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, as amended from time to time.POONAWALLA Stock Price...

Mkventures Capital's Subsidiary Likely to Become Material Entity After Agreement with Anant Raj Mkventures Capital Ltd reports that its wholly owned subsidiary, Destination Properties Private Limited, is likely to qualify as a 'Material Subsidiary' of the Company. This status change follows the execution of a Supplementary Agreement with Anant Raj Limited concerning a residential group housing development project in Gurugram, Haryana.The agreement, dated April 7, 2026, involves Destination Properties Private Limited and Anant Raj Limited for the development of the residential group housing project.Key details from the Supplementary Agreement reveal several salient features of the revised commercial arrangement. The revenue structure...

Lupin Limited Receives US FDA Approval for Dapagliflozin and Metformin Extended-Release Tablets Global pharmaceutical major Lupin Limited announced on April 8, 2026, that it obtained approval from the United States Food and Drug Administration (U.S. FDA). The approval pertains to its Abbreviated New Drug Application for Dapagliflozin and Metformin Hydrochloride Extended-Release Tablets.The U.S. FDA approved Lupin's Dapagliflozin and Metformin Hydrochloride Extended-Release Tablets as bioequivalent to Xigduo® XR for the specified indications. The approved tablet strengths include 5 mg/500 mg, 5 mg/1,000 mg, and 10 mg/500 mg, 10 mg/1,000 mg. Furthermore, the company received tentative approval for the 2.5 mg/1,000 mg combination tablet...

Clio Infotech Board Approves Allotment of Convertible Warrants Clio Infotech Ltd's Board of Directors conducted a meeting on Wednesday, April 8, 2026, where several key business decisions were considered and approved. The Board addressed the allotment of convertible warrants, ratification of previous resolutions, and proposed alterations to the objects of a preferential issue.The company approved the allotment of 6,52,50,000 Convertible Warrants to warrant holders. Each warrant entitles the holder to the option to convert and get allotted one Equity share of face value of Re. 10.00 each, fully paid-up. These warrants can be exercised within eighteen months from the date of allotment. The allotment was made for cash consideration to...

Redtape Limited Acquires Global Footwear Brand SPRANDI for India, Nepal, Bhutan, and Sri Lanka Redtape Limited has announced the acquisition of the international sports footwear brand SPRANDI. The brand will be launched across India, Nepal, Bhutan, and Sri Lanka.SPRANDI is noted as a well-established and globally recognized brand. The company's existing sales volumes are already strong in international markets, including China, Russia, the Middle East, and CIS countries. Redtape Limited plans to introduce this brand to the Indian market soon through both Online and Retail stores, anticipating large volumes.REDTAPE Stock Price Movement Today, Redtape Limited shares gained 6.12% in after-hours trading, finishing at ₹121.23. The stock...

Vikram Kamats Hospitality Ltd Allots Equity Shares Upon Conversion of Warrants Vikram Kamats Hospitality Ltd, formerly known as Vidli Restaurants Limited, announced the allotment of equity shares following the conversion of warrants. The Allotment Committee of the Board of Directors approved and allotted 1,44,000 Equity Shares to Dr. Vikram V. Kamat. These shares have a face value of ₹ 10/- each and are fully paid up.The allotment occurred pursuant to the conversion of 1,44,000 Warrants and upon the receipt of the balance 70% of the subscription money. The equity shares allotted through the conversion of warrants will rank pari passu with the company's existing equity shares.Shareholding Impact The allotment of shares resulted in...

CSCGlobal Capital Markets Acts as Security Agent for Nirlon Limited Shares CSCGlobal Capital Markets (Singapore) Pte. Ltd. is acting as the security agent regarding an indirect encumbrance created over the equity shares of Nirlon Limited. This action relates to a facilities agreement dated June 9, 2025, between entities including BSREP IV FPI Two Holdings (DIFC) Limited (the Borrower).The security right was established pursuant to a DIFC law governed share security agreement dated April 7, 2026. Under this agreement, the Parent, Villa Park Holdings (DIFC) Limited, which holds 100% of the total share capital of the Borrower, created the security right over all shares of the Borrower in favor of CSCGlobal Capital Markets (Singapore)...

L&T Technology Services to Announce FY26 Fourth Quarter Results on April 22 L&T Technology Services Ltd is scheduled to announce its financial results for the fourth quarter and the full fiscal year ending March 31, 2026. The Board of Directors has convened a meeting on Wednesday, April 22, 2026, to consider and approve the Audited Standalone and Consolidated Financial Results, alongside the Auditor's Reports.The Board's meeting will also address the proposal regarding a final dividend on the equity shares of the Company for the financial year ended March 31, 2026, if any.The company is also hosting an Earnings Conference Call on April 22, 2026, at 8:00 pm IST for investors and analysts to discuss the results.Financial Results and...