Markets

Indian stock markets are set to observe a holiday on Tuesday, April 14, 2026, on account of Dr. Baba Saheb Ambedkar Jayanti, leading to a complete halt in trading activity across the NSE Nifty and BSE Sensex.What Will Remain Closed? Both exchanges will suspend trading across all segments, including:Equity markets Equity derivatives Currency derivatives Securities lending and borrowing (SLB)There will be no market activity during the day, and normal trading will resume on Wednesday, April 15, 2026.MCX Trading Timings The Multi Commodity Exchange (MCX) will follow its usual holiday structure:Morning session: Closed Evening session: OpenWhat Is the Next Market Holiday? Following the April 14 closure, the next stock market...

Shriram Finance Ratings Upgraded by CRISIL Ratings to AAA/PPMLD AAA/Stable Shriram Finance Ltd saw its long-term credit rating upgraded by CRISIL Ratings Limited. The company’s Long-Term Rating was upgraded to 'Crisil AAA/Crisil PPMLD AAA/Stable,' and it was removed from 'Watch with Positive Implications.' Furthermore, CRISIL reaffirmed the 'Crisil A1+' Short-Term Rating.The rating action was based on the consumption of the proposed definitive agreement between Shriram Finance and MUFG Bank Ltd. Following the completion of the allotment of equity shares to MUFG Bank, which resulted in the latter acquiring a 20% stake in Shriram Finance on a fully diluted basis, the rating action was taken.The overall ratings reflect the...

Godrej Properties Reports Highest Booking Value, Collections, and Operating Cash Flow in FY2026 Godrej Properties Limited (GPL) announced significant operational updates for Q4 and FY2026, reporting record levels across booking value, collections, operating cash flow, and business development. The company also noted its sustained position as India's largest residential developer by booking value for the third consecutive financial year.Key financial highlights for FY2026 demonstrated substantial growth across core business metrics.Booking Value: The booking value grew by 16% year over year to reach INR 34,171 crore in FY2026. This marks the highest booking value reported by an Indian real estate developer in a financial year, and...

TIL Limited Approves Allotment of Partly Paid-Up Equity Shares via Rights Issue TIL Limited announced the allotment of partly paid-up Equity Shares to its eligible shareholders and renouncees following a meeting of the Rights Issue Committee held on April 09, 2026. The allotment was structured in terms of the Letter of Offer dated March 20, 2026.The Committee approved the allotment of 1,20,91,760 partly paid-up Equity Shares on a Rights Basis. Under the terms of the allotment, ₹123.75 per Rights Equity Share was paid upon application, which included a premium of ₹ 116.25 per Rights Equity Share. The remaining balance amount is payable on Calls as specified in the Letter of Offer.The paid-up equity share capital of TIL Limited...

Vrundavan Plantation Ltd Announces Resignation of Independent Director Vrundavan Plantation Ltd confirmed the resignation of Ms. Khyati Bhavya Shah from the role of Independent Director, effective April 09, 2026.The resignation details were provided in connection with the company's corporate filings. Ms. Shah informed the company of her decision to resign due to other commitments.A table summarizes the details concerning the resignation:SRNDetails of events that need to be consideredReason for change viz appointment/resignation, removal, death or otherwiseDate of appointment/ cessation (as applicable)1Reason for change viz appointment/resignation, removal, death or otherwiseResignation of Ms. Khyati Bhavya Shah as an...

International Conveyors Ltd Acquires Equity Shares of Religare Enterprise Limited International Conveyors Limited announced the acquisition of equity shares in Religare Enterprise Limited. The acquisition was intended for investment purposes.The details of the acquisition indicate that the total consideration paid was 3.13 Crore. The purchase involved 1,40,000 equity shares.The following table outlines key details regarding the target entity and the transaction structure.ParticularsDetailsTarget Entity NameReligare Enterprise LimitedTarget Entity Turnover (FY 2024-25)7354.236 CrAcquisition NatureCash ConsiderationIndicative Completion PeriodApril 09, 2026RelationshipNo related party transaction identified...

Highway Infrastructure Limited Withdraws Letter of Acceptance for Andhra Pradesh Fee Plaza Highway Infrastructure Limited announced that its management has decided to withdraw the Letter of Acceptance (LOA) that had been issued by the National Highway Authority of India (NHAI) for the operations of the Venkatapalem Fee Plaza in the state of Andhra Pradesh.The withdrawal comes in the context of the company's involvement with the fee plaza project. Following the non-acceptance of the LOA, NHAI has debarred the Company from the list of pre-qualified bidders. This debarment status includes all directors and owners for a duration of three months.The impact of this action is that the Company is currently not eligible to participate in...

Shriram Finance's Ratings Upgraded to AAA; Stable, Assigned for NCDs ICRA Ratings has upgraded the Long-Term Rating for Shriram Finance Limited and assigned a rating of [ICRA]AAA; Stable for Non-Convertible Debentures (NCDs) proposed for issuance. The rating action removed the ratings from Watch with Positive Implications.The rating upgrades for the instruments are detailed as follows:InstrumentPrior RatingUpgraded RatingFixed Deposit Programme[ICRA]AA+; placed on Watch with Positive Implications[ICRA]AAA; StableNon-Convertible Debenture Programme[ICRA]AA+; placed on Watch with Positive Implications[ICRA]AAA; StableFurthermore, ICRA Ratings assigned a [ICRA]AAA; Stable Rating for an amount of Rs. 2000 crore for the NCDs...

JSW Energy Limited Exercises Call Option for Remaining Stake in JSW Mahanadi Power Company JSW Energy Limited announced the exercise of its call option to acquire the remaining 26% equity stake in JSW Mahanadi Power Company Limited (JMPCL). This transaction completes the acquisition of the entity’s equity shareholding, following a prior transaction involving the 74% stake.The action was taken by the company via a notice dated April 9, 2026. This acquisition of the balance 26% equity shareholding is in accordance with the Approved Resolution Plan and the Securities Holders' Agreement dated March 6, 2025. The latter agreement was executed with IDBI Trusteeship Services Limited, which represents the erstwhile financial creditors of...

Prestige Estates Projects Acquires 50% Stake in Aaramnagar Realty LLP for Versova Project Development Prestige Estates Projects Limited announced the acquisition of a 50% partnership interest in Aaramnagar Realty LLP. The transaction was completed on April 9, 2026.The acquired entity, Aaramnagar Realty LLP, is a Limited Liability Partnership formed in 2018. The LLP operates within the real estate, construction, and development sectors.According to the details provided, the primary object and effect of this acquisition is to develop a real estate project in Versova, Mumbai. The consideration for the stake acquisition was a cash contribution by the Company, with Prestige Estates Projects Limited infusing Rs. 180 crores through capital...

Prestige Group Partners for ₹9,000 Cr Residential Development in Versova, Mumbai Prestige Estates Projects Limited, a prominent Indian real estate developer, has entered into a joint venture with ABIL Group to develop a residential project in Versova, Mumbai. The collaboration involves Aaramnagar Realty LLP, which jointly holds the development rights for the land parcel in Aram Nagar, Versova.The proposed development has a land area of approximately 6 acres and boasts a total development potential of around 1.7 million square feet (RERA area). This venture carries an estimated Gross Development Value (GDV) exceeding ₹9,000 crores.The project is slated to be a premium residential development, capitalizing on the consistent demand for...

Indrayani Biotech Announces Rights Issue Terms for Partly Paid-Up Equity Shares Indrayani Biotech Ltd announced key details regarding its upcoming Rights Issue following a meeting of the Rights Issue Committee held on Thursday, 09 April 2026. The committee approved the terms for the issuance of partly paid-up equity shares.The rights issue proposes the issuance of 3,25,25,897 equity shares of the Company, each on a partly paid-up basis, for an aggregate amount up to ₹ 49.90 crore. The rights issue price is set at ₹ 15 per Rights Equity Share when fully paid up, which includes a premium of ₹ 5 per Rights Equity Share.Payment structure for the rights shares is detailed as follows:Amount payable per right equity sharesFace Value...

Yes Bank to Host Conference Call for Q4 and Full Year Results Ending March 31, 2026 Yes Bank Ltd has scheduled a conference call for analysts and investors to discuss the financial results for the fourth quarter (Q4) and the full year ending March 31, 2026. The event is set for Saturday, April 18, 2026.The conference call is scheduled to take place at 3:00 pm IST. For participants in different time zones, the timings are: 5:30 pm SGT & HKT, 10:30 am BST, and 05:30 am EDT on Saturday, April 18, 2026.During this session, representatives from Yes Bank will discuss the recently announced Q4FY26 and FY26 Financial Results.Key participants attending the conference call include:Mr. Vinay Tonse, MD & CEO Dr. Rajan Pental, Executive...

Yes Bank Allots Equity Shares Following Exercise of Stock Options Yes Bank Ltd has announced the allotment of equity shares following the exercise of stock options under the YBL ESOS 2020 Scheme and the YBL RSU Plan 2024. The allotment was approved by the Nomination & Remuneration Committee of the Bank on April 9, 2026.The Bank allotted 4,59,317 equity shares, each with a face value of Rs. 2/-. These shares were allotted upon the exercise of 4,59,317 stock options covering the YBL PESOP 2020 Plan, the YBL ESOS 2020 Scheme, and the YBL RSU Plan 2024.The exercise of these stock options resulted in the realization of Rs. 61,54,724.50/- for the bank.This transaction impacted the paid-up share capital of the bank. The paid-up share...

Tejas Networks Ltd to Host Board Meeting and Investor Call on April 15, 2026 Tejas Networks Ltd has scheduled a Board of Directors meeting for Wednesday, April 15, 2026. The meeting is set to consider and approve the audited standalone and consolidated financial results of the company for the year ended March 31, 2026.The company will also host an Investor/Analyst Call on the same day to discuss the financial results for the quarter and year ending March 31, 2026.The trading window for the earning release of the quarter ended March 31, 2026, was closed from March 17, 2026 to April 17, 2026 (both days inclusive).Q4FY26 Results Conference Call Details The Q4FY26 Results Conference Call for Tejas Networks Ltd is scheduled for...

Airfloa Rail Technology to Report Topline Exceeding ₹315.00 Crore in FY26 Airfloa Rail Technology Limited, formerly known as Airflow Equipments India Pvt Ltd, is poised for significant growth in the railway and defense manufacturing sectors, with expectations pointing to a topline exceeding ₹315.00 crore for the fiscal year 2026. This projection reflects an anticipated growth of almost 64% year-over-year, underpinned by robust order inflows and execution across various segments, including railway, Defence, and Renewable energy.The Company continues to leverage its integrated capabilities in engineering design, procurement, subcontracting, and on-site execution, focusing on selective bidding, timely execution, and effective working...

Aditya Birla Real Estate to Exercise Call Option on Debentures for Early Redemption Aditya Birla Real Estate Limited announced its intention to exercise the Call Option for the early redemption of its 8.05% Unsecured, Listed, Rated, Senior, Redeemable, Non-Convertible Debentures. The redemption pertains to an aggregate value of Rs. 250 crores.The company plans to redeem 25,000 of the 8.05% Unsecured, Listed, Rated, Senior, Redeemable, Non-Convertible Debentures, each having a face value of Rs. 1,00,000/-. These debentures were issued under a Private Placement basis and are governed by the Second Amendment Debenture Trust Deed dated March 30, 2026, read with the Original Debenture Trust Deed dated March 1, 2024.A Call Option notice...

OneSource Specialty Pharma Allots Shares to Employees Under ESOP 2021 OneSource Specialty Pharma Limited announced the allotment of Equity Shares to eligible employees under the OneSource Specialty Pharma Limited - Employee Stock Option Plan 2021 (ONESOURCE ESOP 2021). The Management Committee of the Board of Directors approved the allotment through a circular resolution on April 09, 2026.The approval detailed the allotment of 21,450 Equity Shares of INR 1/- each to the Company's eligible employees upon the exercise of vested options. These newly allotted shares will rank pari passu with the Company's existing equity shares in all respects.Consequentially, the paid-up share capital of the Company has been updated. Previously, the...

KEC International Subsidiary Receives Tax Demand Order KEC Spur Infrastructure Private Limited, a wholly owned subsidiary of KEC International Ltd, has received an order from the Income tax department, Assessment Unit, raising a tax demand. The Company was informed about the order on April 9, 2026.The order, detailed in an annexure, pertains to the financial year 2022-23. The dispute involves the Income Tax Department, Assessment Unit, with the litigation filed before the Commissioner of Income tax (Appeals).According to the details provided, KEC Spur Infrastructure Private Limited received an Order dated March 24, 2026. This order raises a tax demand of Rs. 46.19 crores. The demand primarily stems from ad-hoc additions or...

Motisons Jewellers Ltd Board Meeting Regarding Preference Shares Cancelled Motisons Jewellers Ltd announced the cancellation of its adjourned Board Meeting. The company stated that the meeting could not be convened because of a lack of the requisite quorum.The company previously issued an intimation regarding the adjournment of the Board of Directors' meeting. Following the cancellation, the revised date for the Board Meeting, which is intended to consider and approve the redemption of 50,00,000 2.5% NonConvertible Redeemable Preference Shares (unlisted), will be communicated at a later time.MOTISONS Stock Price Movement Today, Motisons Jewellers Limited shares edged higher to close at ₹13.49, marking a modest gain of 0.45% in...