Markets

Senores Pharmaceuticals Forms Joint Venture Amerisyn, LLC Senores Pharmaceuticals Limited announced the formation of a joint venture company, Amerisyn, LLC, in North Carolina, USA, on April 4, 2026. The joint venture was established through an Operating Agreement dated April 2, 2026, involving the company’s wholly owned subsidiary, Senores Pharmaceuticals, Inc., USA ("SPI").SPI has subscribed to 70% of the membership interest in Amerisyn, LLC, which has become a step-down subsidiary of Senores Pharmaceuticals Limited. Amerisyn, LLC was formed on March 5, 2026, and is based in the United States of America.Table: Details of Amerisyn, LLCParticularsDescriptionName of the Target CompanyAmerisyn, LLCTurnoverNot applicable as...

Senores Pharmaceuticals, Inc. Announces Strategic Joint Venture to Target U.S. Federal and Defense Sector Supplies Atlanta, USA / Ahmedabad, India, April 03, 2026 – Senores Pharmaceuticals, Inc. ('SPI'), a wholly owned subsidiary of Senores Pharmaceuticals Limited, announced a strategic partnership through the execution of a formal Operating Agreement on April 2, 2026. This agreement has led to the formation of a Joint Venture ('JV') entity, Amerisyn, LLC ('Amerisyn').The partnership positions Senores to supply its product portfolio to the U.S. Federal Government, veterans affairs, and military supply contracts.“Amerisyn is a major milestone for Senores," stated Swapnil Shah, Managing Director, Senores Pharmaceuticals Limited. "This...

Fujiyama Power Systems Limited Faces Bureau of Indian Standards Search and Seizure Fujiyama Power Systems Limited announced that the Bureau of Indian Standards (BIS) initiated a search and seizure operation on March 24, 2026, at a company facility in Noida, Uttar Pradesh. During the operation, BIS seized products valued at Rupees 2.52 Crores (INR 2.52 Crores).The company stated that it fully cooperated with BIS officials throughout the process, providing all necessary documents and clarifications. Operations at the company are continuing as usual, and there is no material impact on the financials, operations, or other activities of the company.BIS alleges that Fujiyama Power Systems Limited is not in compliance with BIS standards...

Kernex Microsystems Announces Financial Results for Fiscal Year 2026 Kernex Microsystems (India) Limited today announced its financial performance for the fiscal year ending March 31, 2026. The company reported a consolidated revenue of INR 234.88 Crore, a decrease of 13.38% compared to INR 270.47 Crore in the previous fiscal year.The company's Earnings Before Interest and Taxes (EBIT) stood at INR 31.74 Crore, down from INR 39.67 Crore year-on-year. Profit After Tax (PAT) for the fiscal year was INR 21.81 Crore, a decrease from INR 27.64 Crore in the prior year. The Earnings Per Share (EPS) was INR 1.47, compared to INR 1.82 in the previous fiscal year.The Board of Directors approved a dividend of INR 0.20 per equity share. ```...

Devyani International Limited Announces Senior Management Appointments Gurugram, India – April 4, 2026 – Devyani International Limited announced appointments to its senior management team, effective April 6, 2026.Sandeep Anand has been appointed as Chief Marketing Officer and Business Head- Pizza Hut. He will also replace Vijay Gogate, the current CEO-Pizza Hut. Robinder Singh has been appointed as Business Head- Costa Coffee & Airports.Mr. Anand, an alumnus of MDI Gurgaon, brings over 22 years of experience in the food and FMCG sectors. Prior to joining Devyani International, he held a senior position at Americana -KFC, Pizza Hut, and Hardees (Middle East). His previous experience includes roles at Domino's, Zydus Wellness, Zomato...

Welspun Enterprises Subsidiary Receives Income Tax Demand Notice Welspun Enterprises Limited announced that its subsidiary, Welspun Aunta-Simaria Project Private Limited, has received a Notice of Demand under Section 156 of the Income Tax Act, 1961. The notice follows an Assessment Order issued by the Assessment Unit, National Faceless Assessment Centre, Income-tax Department.The demand pertains to the financial year 2023-24 (Assessment Year 2024-25) and involves a taxable income assessment of Rs. 33.34 crore. The assessment is based on the application of ICDS III read with Section 43CB of the Income-tax Act, 1961, related to the computation of income under the percentage completion method.Welspun Enterprises believes the demand is...

Sterling and Wilson Renewable Energy Resolves Arbitration with Conti, LLC Sterling and Wilson Renewable Energy Limited announced the conclusion of an arbitration with Conti, LLC, USA. The resolution follows payments made by Sterling and Wilson Solar Solutions Inc., a wholly owned step-down subsidiary, to Conti, LLC, as determined by the Arbitration Tribunal.Details regarding the settlement, including terms and compensation, were disclosed in an update related to the ongoing proceedings. The resolution of the arbitration is not expected to have a material impact on the financial position of Sterling and Wilson Renewable Energy Limited.Sr. No.ParticularsDetails1The details of any change in the status and / or any development in...

Shriram Pistons & Rings Limited Extends Technical Collaboration Agreement with Fuji OOXZ Inc. Shriram Pistons & Rings Limited has executed a revised Technical Collaboration Agreement with Fuji OOXZ Inc. (Japan) on April 3, 2026. The amended agreement extends the scope of supply of technical know-how and assistance for manufacturing engine valves in India for an additional five years.According to the agreement, royalty will be payable to Fuji in accordance with its provisions. The company states that this collaboration, which has been ongoing for over three decades, aims to provide cutting-edge technology in India, aligned with global standards. The objective of the extended agreement is to acquire the latest manufacturing technology...

Shriram Pistons & Rings Limited Announces Transfer of License Agreements Shriram Pistons & Rings Limited announced that its technical collaborator, Kolbenschmidt Pistons Germany GmbH (KS), has undergone a strategic realignment involving the carving out of certain central functions to a newly established entity, Kolbenschmidt Pistons Management GmbH.As a result of this restructuring, the existing license agreements with Shriram Pistons & Rings Limited have been transferred to Kolbenschmidt Pistons Management GmbH by way of assignment/assumption of contract. The company consented to this assignment on April 2, 2026.According to Shriram Pistons & Rings Limited, the scope of services, commercial terms, and operational aspects remain...

Clean Max Enviro Energy Solutions Limited Sells Stake in Subsidiary to Hindustan Coca-Cola Beverages Mumbai – Clean Max Enviro Energy Solutions Limited announced on April 4, 2026, that its Board of Directors approved the sale of shares in its wholly-owned subsidiary, Clean Max Ahhope Private Limited, to Hindustan Coca-Cola Beverages Private Limited.Clean Max Ahhope Private Limited, incorporated on October 15, 2025, did not contribute to the company’s turnover, revenue, income, or net worth during the last financial year.The Share Purchase Agreement is expected to be finalized on or before May 15, 2026, with the sale anticipated to be completed on or before the same date, subject to mutual agreement.The total consideration for the...

Prestige Estates Projects Limited Launches 5,120-Unit Township ‘Prestige Golden Grove’ in Hyderabad Hyderabad, April 3, 2026 (GLOBE NEWSWIRE) -- Prestige Estates Projects Limited today announced the launch of Prestige Golden Grove, a large-scale residential development in Hyderabad’s Tellapur area.Located on 28.6 acres, Prestige Golden Grove will offer a total saleable area of approximately 10.36 million square feet with a Gross Development Value (GDV) exceeding ₹ 9,500 crore. The project will consist of 5,120 units, featuring 2, 3, 3.5, and 4-bedroom homes, along with 4-bedroom residences including staff accommodation.Residences will range in size from 1,169 sq. ft. to 3,013 sq. ft., with estimated ticket sizes between ₹ 1 crore...

Amber Enterprises Acquires Remaining Stake in Amber Resojet, Subsidiary Status Secured Amber Enterprises India Limited has entered into a Share Purchase Agreement (SPA) to acquire the remaining 50% equity stake in Amber Resojet Private Limited, marking a move to consolidate its operations. The acquisition, finalized on April 3, 2026, will transform Amber Resojet into a wholly-owned subsidiary (WOS) of Amber Enterprises.Under the terms of the SPA with LCGC Resolute Appliances LLP, Amber Enterprises will acquire 10,000 equity shares representing the 50% stake for an aggregate consideration of approximately INR 1.74 crore, payable in one or more tranches.The transaction is considered a related party transaction as Amber Enterprises and...

Astra Microwave Products Limited Announces Leadership Changes and Demerger Approval Astra Microwave Products Limited (AMPL) announced on April 3, 2026, that S. Gurunatha Reddy will step down from his position as Managing Director, effective September 30, 2026. He will remain as an Executive Director and will transition to Astra Space Technologies Private Limited (ASTPL) as a Director, overseeing the Space, Meteorology, and Hydrology business.The Board of Directors granted in-principle approval for the demerger of the Space, Meteorology, and Hydrology business undertakings into a separate entity on February 27, 2026. Mr. Reddy will be responsible for implementing tailored growth strategies and capital allocation frameworks for the...

GS Auto International Ltd. Announces Rights Issue Committee Meeting GS Auto International Ltd. will hold a meeting of its Rights Issue Committee on Tuesday, April 7, 2026. The meeting follows a previous announcement on March 30, 2026, regarding the Board’s approval to raise funds through a rights issue of equity shares.The committee will deliberate on specifics of the rights issue, including the rights issue price, payment mechanism, rights entitlement ratio, record date, and timing. The outcome of the meeting is contingent on receiving in-principle approval from stock exchanges and relevant regulatory authorities. The company’s stock trades on the BSE under the scrip code 513059.Jasmine Kaur, Company Secretary & Compliance...

Retro Green Revolution Ltd. to Invest in Sevenglow Lights Limited Retro Green Revolution Limited has entered into a Memorandum of Understanding (MOU) with Sevenglow Lights Limited dated March 25, 2026. The MOU records the mutual understanding between the parties for a proposed strategic investment by Retro Green Revolution Limited in Sevenglow Lights Limited.As per the terms of the MOU, Retro Green Revolution Limited proposes to acquire an initial equity stake of up to 36% in Sevenglow Lights Limited. The shareholding may be increased in a phased manner up to 100%, subject to financial performance, operational milestones, and mutual agreement. The investment is intended to support business expansion, strategic growth, and long-term...

Abril Paper Tech Ltd. Receives Communication for Personal Hearing Regarding GST Notice Abril Paper Tech Ltd., formerly Abril International, announced it received a communication regarding a personal hearing from the Central GST and Central Excise Commissionerate, Surat. The hearing relates to Show Cause Notice no. DGGI/SZU/36-155/2025-26, dated February 3, 2026.The company received the intimation on April 2, 2026, at 7:08 p.m. The notice concerns allegations of short payment of Goods and Services Tax (GST) due to the application of lower tax rates. The notice, issued under Sections 74(1) and 74A(1) of the CGST Act, 2017, and Section 20 of the IGST Act, 2017, also alleges that short-paid GST, along with applicable interest and penalty...

Bayer CropScience Ltd. Receives Penalty Order Related to E-way Bill Documentation Bayer CropScience Ltd. announced today, April 3, 2026, that it has received a penalty order from the Office of Assistant Commissioner, Muzaffarnagar, Uttar Pradesh. The penalty, amounting to Rs. 0.16 million, relates to E-way bill documentation for the Financial Year 2025-26.The company has indicated that the order is currently appealable and an assessment will be made regarding the exercise of its right to appeal. The financial impact of the penalty is quantified at Rs. 0.16 million.DetailInformationAuthorityOffice of Assistant Commissioner, Muzaffarnagar, Uttar PradeshPenalty AmountRs. 0.16 millionFinancial Year2025-26Date of...

Dynacons Systems & Solutions Awarded “Best Partner for Driving HPE & Nutanix Solution FY'25” Mumbai, India, April 03, 2026 – Dynacons Systems & Solutions Limited announced it has received the “Best Partner for Driving HPE & Nutanix Solution FY'25” award from Hewlett Packard Enterprise (HPE). The award recognizes Dynacons’ performance, execution excellence, and contribution in driving HPE and Nutanix solutions.The recognition was presented at the HPE Top Partners Meet held in Udaipur, Rajasthan. The event brought together HPE's leading channel partners and featured the HPE Hybrid Cloud & AI Summit. HPE outlined its strategic vision centered on driving growth through AI infrastructure, hybrid cloud solutions, next-generation networking...

Jash Engineering Limited to Acquire Penstocks (UK) Limited Jash Engineering Limited announced on April 3, 2026, that its subsidiary, Waterfront fluid controls Limited UK, has entered into a definitive agreement to acquire 100% of the stake in Penstocks (UK) Limited, Leicestershire, UK.The acquisition is valued at a cash consideration of £550,000. The acquisition is expected to be completed on or before June 30, 2026.Penstocks (UK) Ltd designs, manufactures, supplies, installs, and commissions penstocks, stop logs, handstops, and valves for water and wastewater applications. The acquisition will enable Waterfront to establish a pan-UK presence, reinforcing its ability to support clients in marketing and servicing activities...

Chartered Capital & Investment Ltd. to Discontinue Merchant Banking Activities Chartered Capital & Investment Ltd. announced on April 3, 2026, that its Board of Directors has approved the discontinuation of merchant banking activities and the voluntary surrender of its Merchant Banking Registration Certificate from the Securities and Exchange Board of India (SEBI). This decision stems from the non-operation of merchant banking activities for over two financial years and prevailing market conditions.The company will formally apply to SEBI to surrender the registration certificate. The move is not expected to have a monetary or other impact on Chartered Capital & Investment Limited.The Board of Directors meeting commenced at 4:00 p.m...