Markets

Paisalo Digital Limited Reports on Commercial Paper Proceeds Utilization for Quarter Ending March 31, 2026 Paisalo Digital Limited provided details regarding its Commercial Paper (CP) issuance and subsequent utilization for the quarter ended March 31, 2026. The company confirmed the issuance of a Listed Commercial Paper during this period.The details of the commercial paper issued are presented below:ISINDisbursement DateMaturity DateMaturity Amount (INR in crores)Name of Stock ExchangeINE420C14243February 27, 2026May 29, 202630BSEThe company certified that the issuance proceeds from the commercial paper were fully utilized for the specific purpose mentioned in the disclosure document. Furthermore, Paisalo Digital Limited...

Sayaji Hotels Ltd Enters Hotel Management Agreement for Bengaluru Property Sayaji Hotels Limited announced it has executed a Hotel Management Agreement for providing operational and management services at a hotel property located in Bengaluru. The agreement marks another step in the company's strategic expansion plans across key markets in India, particularly strengthening its presence in the southern region.The property in Bengaluru, Karnataka, is slated to be developed as a 4-star category hotel. According to the details of the management services agreement, the hotel will feature 59 key rooms and will operate under the brand name 'Enrise' by Sayaji.This operational arrangement aligns with Sayaji Hotels Limited's broader goal of...

ICRA Reaffirms Credit Rating for Mawana Sugars Ltd's Working Capital Facilities ICRA Limited has reaffirmed the credit rating for Mawana Sugars Ltd's fund based working capital facilities. The rating action covers Long Term/Short Term - Fund Based - working capital facilities amounting to Rs. 500 Crore.In a letter dated April 6, 2026, ICRA's Rating Committee communicated the rating actions for the company's instruments. The reaffirmed rating is [ICRA] BBB+ (Stable)/ [ICRA] A2.The rating details are presented in the following table:InstrumentRated Amount (Rs. crore)Rating ActionLong term/Short term - Fund based - Working capital facilities500[ICRA] BBB+ (Stable)/ [ICRA]A2; reaffirmed and assigned for enhanced amountTotal500...

Matrimony.com Ltd Addresses GST Penalties and Impact on Operations Matrimony.com Ltd provided details regarding penalties levied by the Goods and Services Tax (GST) department across various states. The company noted that the delay in communicating these orders was due to internal evaluations, including obtaining expert opinions, to finalize the necessary course of action before submission to the stock exchanges.The financial impact related to these demands was provided in a detailed table summarizing the findings from four different authorities.Name of the AuthorityState/LocationNature of Penalty/OrderPenalty AmountDate of Order ReceiptCommercial Tax Officer, GST departmentChennai, Tamil NaduSection 74...

C2C Advanced Systems Secures Order for Defence Vehicle Mounted C-UAS Systems C2C Advanced Systems Limited has received both a Letter of Intent and a Purchase Order from a leading defence company. The procurement involves supplying critical systems for integration onto a Vehicle Mounted Counter-Unmanned Aerial Systems (CUAS) platform intended for use by the Indian Armed Forces.The scope of the order pertains to the supply of networking hardware, GPS Module, and an Integrated Software Suite, collectively termed the 'System'. These components are designed for integration into the Vehicle Mounted C-UAS platform.Vehicle Mounted C-UAS platforms are utilized to address unmanned aerial threats within operational environments. Such systems...

SSMD Agrotech India Announces Voluntary Disclosure of Equity Share Acquisition SSMD Agrotech India Ltd, which was formerly known as SSMD Agrotech India Pvt. Ltd., reported the voluntary acquisition of equity shares by its Managing Director, Mr. Ishu Munjal. The disclosure details transactions that support transparency and good corporate governance practices.Mr. Ishu Munjal submitted the voluntary disclosure regarding his acquisition of the company's equity shares. The transaction details are as follows:MetricDetailsPre-acquisition shareholding57,94,129 equity shares (66.87%)Shares acquired56,000 equity shares (0.65%)Mode of acquisitionMarket PurchaseDate/Period of acquisitionMarch 2026Post-acquisition...

Eastern Silk Industries Limited Sells Shares to Achieve 10% Minimum Public Shareholding Eastern Silk Industries Limited announced the sale of equity shares by its Promoter, Baumann Dekor Private Limited, aimed at achieving the Minimum Public Shareholding requirement.The Promoter, Baumann Dekor Private Limited, sold 111340 equity shares in the open market on April 06, 2026. Following this transaction, the company achieved the Minimum Public Shareholding of 10% as required under relevant regulations.EASTSILK Stock Price Movement Shares of Eastern Silk Industries Limited are gaining ground as of 12:55 PM, trading at ₹62.5, up 3.44% in live market action. The stock has seen trading volume of 1,284 shares today, remaining well above its...

Simplex Mills Company Ltd Board Approves Disposal of Akola Textile Plant Land On April 7, 2026, Simplex Mills Company Ltd announced that its Board of Directors considered and approved key proposals during a meeting held on that day. The Board considered the proposal concerning the disposal of land associated with the company's closed Textile Plant located at Plot No16, field Survey No 79 in Usha Nagar, Mouje-Shivani, Taluka, District, Akola -444104 Maharashtra.The Board meeting commenced at 12:00 p.m. and concluded at 12:30 p.m.Key Board Approvals and Shareholder Requirements The Board approved two main actions. Firstly, it approved the proposal to sell, transfer, or otherwise dispose of the land belonging to the aforementioned...

Power Finance Corporation Ltd Reports Change in Board of Directors Power Finance Corporation Ltd confirmed the resignation of an Independent Director from its Board of Directors. The Board noted the resignation of Shri Bhaskar Bhatlacharya, who holds DIN: 09406292.The company had previously informed regarding this change on 02.04.2026. Further details confirmed that as per the declaration furnished by Shri Bhatlacharya, he was not holding any directorship in any other listed entity as on the date of cessation.PFC Stock Price Movement Shares of Power Finance Corporation Limited are edging higher to ₹406.85 as of 12:52 PM today, gaining 0.23% in live trading. The stock is seeing active interest, trading on a volume of 2.98 million...

LKP Finance Ltd Changes Name to GYFTR Limited, Ministry Approves Transition LKP Finance Limited has undergone a name change, officially transitioning to GYFTR Limited. The Registrar of Companies, Ministry of Corporate Affairs (MCA), approved the name change, effective from April 06, 2026.The change of name was formalized with a Certificate of Incorporation issued by the MCA. The documentation confirms that the company's name has changed from LKP FINANCE LIMITED to GYFTR LIMITED, effective from the date of the certificate.The corporate identification details remain associated with the entity, which holds the Corporate Identification Number (CIN): L65990MH1984PLC032831.The MCA certificate confirms the change and notes that the...

Websol Energy System Announces Director Resignation Details Websol Energy System Limited confirmed the resignation of Mrs. Ritu S. Jain from her role as an Independent Director. The company stated that the decision followed discussions regarding her professional commitments and time constraints.The process for the resignation involved management discussions concerning Mrs. Jain's continuation on the Board, acknowledging her expertise, before she conveyed her inability to continue in the said role and formally requesting the Management to accept her resignation.The documentation shows that Mrs. Ritu S. Jain submitted her resignation letter dated April 4, 2025, addressing the Board of Directors of Websol Energy System Limited. In this...

Ahluwalia Contracts (India) Ltd Receives Reaffirmed Credit Ratings from CARE Rating Limited Ahluwalia Contracts (India) Ltd announced that CARE Rating Limited has reviewed the company's credit rating based on its operational and financial performance for the financial year 2025 (Audited) and nine months of FY26 (Limited Reviewed).The ratings review provided details for the company's key facilities, which have been reaffirmed by the rating agency.According to the provided data, the rating details are as follows:FacilitiesAmount (Rs. in Crores)RatingRating ActionLong Term Bank Facilities186.00 (Enhanced from 170.00)CARE AA-;StableReaffirmedLong term / Short Term Bank Facilities2,954.00 (Enhanced from 2,345.00)CARE...

Shelter Pharma Ltd Initiates Senior Management Hiring Amid Domestic Expansion Plans Shelter Pharma Ltd has begun a structured hiring process to onboard experienced professionals into various senior management roles. This strategic move is directly linked to the Company's plans for expansion within domestic markets.The Company is currently focused on identifying and evaluating suitable candidates for several key leadership positions. These roles include Zonal Head, Area Head, and Export Head, alongside other critical leadership assignments.This management strengthening initiative aims to enhance the Company's overall operational efficiency and support its long-term business growth trajectory.Stock Price Movement As of 12:42 PM...

United Cotfab Ltd Reports Independent Director Resignation United Cotfab Ltd announced the resignation of Mr. Safalkumar Hasmukhbhai Patel as an Independent Director, effective from the close of business hours on April 1, 2026. The resignation was tendered by Mr. Patel via a letter dated April 1, 2026, citing personal reasons. Following this departure, Mr. Patel will also cease to be a member of all the Company's committees.The Company's management confirmed the resignation details, noting that Mr. Patel provided assurance that there are no material reasons for his resignation beyond those stated in his letter.The details concerning this change in directorship are presented below for clarity:Detail CategoryDescriptionInformation...

Jetmall Spices and Masala Reports No Deviation in Use of Proceeds from Convertible Warrants Jetmall Spices and Masala Limited confirmed that there was no deviation or variation in the utilization of proceeds from the issuance of Convertible Warrants for the half-year ended March 31, 2026.The company provided a statement detailing the utilization of funds raised through a Preferential Issue, reporting compliance with the originally stated objects. The review of this statement was conducted in accordance with regulations pertaining to the use of proceeds.Details of Preferential Issue Proceeds The documentation provided details the proceeds from the Preferential Issue that occurred on February 6, 2026, as the date of allotment...

IFGL Refractories Ltd Announces CEO-India Resignation IFGL Refractories Ltd confirmed the resignation of its Director and Chief Executive Officer India, Mr. Arasu Shanmugam. His resignation, tendered due to personal reasons, was accepted by the company, and he ceased to hold the post with effect from the close of working hours on April 6, 2026.The details regarding the change in leadership position were reported following the resignation.Key details surrounding the change in the role of Chief Executive Officer India are summarized below:SNo.ParticularsDetails1Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwiseResignation due to personal reasons.2Date of...

V-Guard Industries Limited Receives Final Audit Report on GST Matters for FY 2020-21 to 2023-24 V-Guard Industries Limited reported receiving a final audit report related to Goods and Services Tax (GST) matters. The communication was received on April 6, 2026, from the Assistant Commissioner, CGST-Audit Circle, Kashipur (Audit Commissionerate, Dehradun).The audit report was issued in the form of GST ADT-02 and pertains to the availment of excess Input Tax Credit (ITC) for the Financial Years (FY) 2020-21 to 2023-24.The company reported the following key financial implications from the communication:DetailValueShort payment of GST communicatedINR 17,75,91,197Interest & penaltyNot quantifiedThe audit identified issues...

Persistent Systems Recognized Among India's Most Sustainable Companies Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, has been named among BW Businessworld Group's India's Most Sustainable Companies (IMSC) for the 2024-25 cycle. The recognition placed the company 3rd overall and 2nd within the Information Technology and Digital Services sector.The acknowledgment, part of the BW Sustainable World Awards 2026, highlights Persistent's approach to embedding sustainability into its operational model. The assessment considers measurable impact across environmental stewardship, social responsibility, governance, and technology-led sustainability, evaluating ESG...

UTI Asset Management Announces Allotment of Equity Shares Under Employee Stock Option Scheme UTI Asset Management Company Limited announced the allotment of 869 equity shares under the 'UTI AMC Employee Stock Option Scheme - 2007'. The allotment was approved by the Nomination and Remuneration Committee of UTI Asset Management Company Limited on April 7, 2026, at 09:46 hrs IST.The allotment pertains to the exercise of options by an eligible employee. The equity shares being allotted have a face value of ₹10 each.Following the issuance of these shares, the company's paid-up share capital structure is set to change. The issued and paid-up share capital of UTI Asset Management Company Limited will increase from ₹ 1,28,52,00,360, which...

V-Guard Industries Limited reported receiving an order from the Commissioner of Customs (NS-V), JNCH, concerning the alleged misclassification of certain parts of its products.The communication was received on April 6, 2026, from the Commissioner of Customs (NS-V), JNCH, Nhava Sheva. This order adjudicates a Show Cause Notice (SCN) that alleged the misclassification of certain product parts.According to the company's statement, the authority re-classified the goods and confirmed a differential duty demand under Section 28(4), along with interest under Section 28AA. Furthermore, the order imposed penalties under Sections 114A and 114AA.The imports covered by this order relate to a period spanning from September 9, 2019, to June 11...