Markets

Happy Square Outsourcing Services Limited Secures New Work Order Happy Square Outsourcing Services Limited (formerly Happy Square Outsourcing Services Private Limited) announced it has been awarded a new work order for manpower supply services, effective April 2, 2026. The order, valued at approximately ₹0.1217 Crore, was awarded by Madhya Pradesh Power Transmission Company Limited (MPPTCL)- Gwalior [Office of the Executive Engineer (Testing) DN.I].The contract involves the supply of manpower services and is considered part of the company's ordinary course of business. The contract period is for one year, commencing April 1, 2026, and ending March 31, 2027. Neither the company's promoters, promoter group, or group companies have any...

LG Electronics India Surpasses 1 Million AC Sales in Q1 CY26, Solidifying Market Leadership New Delhi, April 2, 2026 – LG Electronics India (LGE India) announced today that it has sold over 1 million air conditioners in the first quarter of 2026, marking the fastest and strongest start to a summer season in the company's history in India. This achievement underscores LG India's operational efficiency and supply chain agility, reinforcing its position as a leader in the Indian air conditioner market.A key factor in this success was the company’s early launch of its new, BEE star-rated AC line-up, facilitating a seamless transition to energy-efficient products. The marketing campaign during the ICC World Cup also contributed to...

Capital Small Finance Bank Reports Strong FY2026 Performance Capital Small Finance Bank Ltd. announced key business highlights for the quarter and year ended March 31, 2026, showcasing robust growth and improved asset quality. The figures presented are provisional and subject to audit.Loan Portfolio Expansion Gross advances reached ₹8,687 crores as of March 31, 2026, representing a year-on-year (Y-o-Y) growth of 20.9% and a quarter-on-quarter (Q-o-Q) growth of 6.4%. Disbursements for the quarter increased to ₹919 crore, compared to ₹765 crore in Q4FY25, marking a growth of 20.1%. Approximately 98% of the loan book is secured, aligning with the bank's retail-focused lending strategy.Asset Quality Improvements The bank’s asset quality...

F MEC International Financial Services Ltd. Schedules Board Meeting, Plans Share Split and Bonus Issue F MEC International Financial Services Limited announced that a board meeting is scheduled for April 8, 2026, at 3:30 P.M. at the company's registered office in New Delhi. The meeting will address several key business items.The board will consider a proposal to sub-divide the existing equity shares, with a face value of 10 Rupees each. Additionally, the issuance of bonus shares will be on the agenda, subject to shareholder approval.F MEC International Financial Services Limited also intends to raise funds through a private placement of secured, unlisted Non-Convertible Debentures.The board will also consider a change in the...

Optiemus Infracom Postpones Investment in Subsidiary Optiemus Electronics Limited Optiemus Infracom Limited announced on April 2, 2026, that it is postponing a planned investment in its wholly-owned subsidiary, Optiemus Electronics Limited (OEL). The decision follows a reassessment of funding requirements by OEL.Previously, on March 9, 2026, Optiemus Infracom had received approval for a rights issue to invest in OEL. However, OEL’s current working capital position indicates that the infusion of funds is no longer necessary at this time. Consequently, the proposed investment is not being pursued and the prior approval has been revised accordingly.Optiemus Infracom’s stock trades on the BSE under Scrip Code 530135 and Symbol OPTIEMUS...

SEBI Updates Processing Status of Draft Offer Documents for Multiple Companies As of April 2, 2026, the Securities and Exchange Board of India (SEBI) has released an update on the processing status of draft offer documents filed by various companies seeking to launch initial public offerings (IPOs). The list includes companies awaiting observations from SEBI, those with clarifications pending, and those awaiting in-principle approval from exchanges.Several companies are currently undergoing review by SEBI, including MV Electrosystems Ltd. (IPO - Fresh Only, received December 10, 2025), Aspri Spirits Limited (IPO - Fresh + OFS, received December 12, 2025), and Sonaselection India Limited (IPO - Fresh Only, received December 17, 2025)...

United Heat Transfer Limited Receives Purchase Order from Burckhardt Compression (India) Private Limited United Heat Transfer Limited announced the receipt of a purchase order from Burckhardt Compression (India) Private Limited for the manufacturing and supply of a heat exchanger. The order, valued at approximately Rs. 78,56,000 (excluding tax), is for domestic delivery.According to details provided, the terms of payment include a 20% advance against submission of CG and 20% against unpriced purchase order copies of major items. The remaining 100% of the amount, inclusive of all taxes, will be paid against 30 days' credit.The delivery schedule is as follows:Items 0010 & 0040: Delivery on June 30, 2026 Items 0020 & 0050: Delivery...

CSB Bank Reports Strong Growth in Deposits and Advances for Fiscal Year 2026 CSB Bank Limited announced key business updates for the financial year ended March 31, 2026, highlighting significant growth in total deposits and advances.Total deposits reached ₹44,246 crore as of March 31, 2026, representing a 20% year-over-year increase compared to ₹36,861 crore in the prior year. The bank’s term deposits experienced a robust 27% growth, rising to ₹35,414 crore from ₹27,943 crore. CASA deposits totaled ₹8,832 crore, a slight decrease of 1% compared to the ₹8,918 crore recorded in the previous fiscal year.Advances against gold and gold jewelry surged to ₹21,567 crore, a substantial 53% increase over the ₹14,094 crore reported in the...

Maiden Forgings Ltd. Reaffirms Credit Rating with Crisil Maiden Forgings Limited announced on April 2, 2026, that it has received a reaffirmed credit rating of 'Crisil BBB/Stable' from Crisil Ratings Limited for its bank facilities. The rating pertains to a total bank loan facility of ₹42.5 crore.According to Crisil Ratings, the outstanding ratings for the company’s debt instruments and facilities are detailed below:Total Bank Loan Facilities RatedRs.42.5 CroreLong Term RatingCrisil BBB/Stable (Reaffirmed)A breakdown of the bank-wise facilities is presented in the following table:S.No.Bank FacilityBankAmount (Rs. in Crore)Outstanding Rating1Cash CreditAxis Bank Limited16.5Crisil BBB/Stable2Cash CreditBank of...

JSW Energy Receives Observations from BSE and NSE Regarding Scheme of Arrangement with GE Power India Limited JSW Energy Limited announced it has received observation letters from the BSE Limited and the National Stock Exchange of India Limited (NSE) regarding the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited. The observations, dated April 1, 2026, were issued as required under Regulation 37 and 59A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.The company received the observation letter with "no adverse observations" from BSE and a “No objection” letter from NSE.The Scheme remains subject to receipt of applicable regulatory and other...

The Jammu & Kashmir Bank Limited Reports Provisional Business Figures for Fiscal Year 2026 The Jammu & Kashmir Bank Limited announced provisional business figures for the period ending March 31, 2026, demonstrating a significant year-over-year increase. Total business reached ₹290,341 crore, reflecting a 13.61% growth compared to ₹255,555 crore in the fiscal year 2025.Key highlights from the reported figures include:Total Deposits: Increased to ₹165,354 crore, an 11.30% rise year-over-year. CASA Deposits: Grew to ₹75,478.4 crore, an 8.07% increase. Gross Advances: Reached ₹124,987 crore, showing a substantial 16.83% growth. Gross Investment: Stood at ₹41,319.5 crore, a decrease of 1.55%.The figures were released in compliance...

Hariom Pipe Industries Receives Temporary Closure Order from Tamil Nadu Pollution Control Board Hariom Pipe Industries Limited announced April 2, 2026, that it has received closure directions from the Tamil Nadu Pollution Control Board (TNPCB) through the Electricity Board for a temporary shutdown of operations at its unit located in the SIPCOT Industrial Growth Centre, Perundurai, Erode District, Tamil Nadu.The company stated it has initiated steps to rectify the situation and restore operations as quickly as possible. To minimize potential sales impact, Hariom Pipe Industries will continue operations through its Telangana unit during the closure period.The company anticipates the closure will be temporary and will provide updates...

Thermax Ltd. Receives Assessment Order from Customs Authority Thermax Limited announced it has received an assessment order from the Office of the Principal Commissioner of Customs, Ahmedabad, on April 1, 2026.The order relates to a penalty demand of ₹1.52 crores plus applicable interest. The demand stems from customs duty and Integrated Goods and Services Tax (IGST) assessed against damage to plant and goods resulting from a fire incident at the company's SEZ facility in Dahej in 2020.Thermax stated it intends to file an appeal challenging the demand. The company believes this matter will have an impact on its financial and operational activities.Details of the Assessment OrderDetailParticularsAuthorityOffice of Principal...

SEBI Proposes Re-introduction of Open Market Buy-Backs Through Stock Exchanges The Securities and Exchange Board of India (SEBI) is seeking public comments on a proposal to re-introduce open market buy-backs of shares or other specified securities through stock exchanges. This move follows a period where this method was discontinued and comes amid changes to the taxation framework for buy-backs.Previously, the open market method for buy-back was discontinued effective April 1, 2025, due to concerns regarding equitable treatment of shareholders and the prevailing taxation framework. Under the prior method, there were concerns that the entire purchase order of a company could be matched with the sale order placed by one or a few...

Emami to Acquire Complete Stake in Axiom Ayurveda, Enters Beverage Sector Kolkata, April 2, 2026 – Emami Limited has executed a definitive agreement on April 1, 2026, to acquire the remaining stake in Axiom Ayurveda Pvt Ltd ('Axiom'), subject to customary closing conditions.The acquisition will be completed in a phased manner over the next three months. In the initial tranche, Emami acquired an additional ~36.7% stake, building on its existing ~26.5% stake. The total consideration for the acquisition is capped at Rs.200 crores.Axiom's portfolio includes beverage products under the brand 'AloFrut', health juices under the brand 'Axiom Jeevan Ras', and beauty products under the brand 'Mukti Gold'. AloFrut juices, featuring aloe vera...

Matrix Geo Solutions Limited Receives INR 5.14 Crore Order for Narmada Parikrama Survey Matrix Geo Solutions Limited has received a Letter of Acceptance from the Madhya Pradesh State Electronics Development Corporation Limited (MPSEDC) for a Narmada Parikrama Survey. The order, valued at INR 5,14,16,000, will be executed over a period of 30 months.The survey will utilize drones, aircraft, and helicopters to conduct aerial data acquisition along the Narmada River corridor, which spans approximately 1,312 kilometers. MPSEDC operates under the Department of Science and Information Technology, Government of Madhya Pradesh.The project reflects the increasing use of drone-based geospatial technology in state governance and planning...

SoftTech Launches India's First TDR Trading Exchange Platform-e-TDR Pune, April 2, 2026 – SoftTech Engineers Limited has launched e-TDR, India’s first unified digital platform for Transfer of Development Rights (TDR) transactions, in partnership with the Brihanmumbai Municipal Corporation (BMC) under the direction of the Urban Development Department (UDD), Government of Maharashtra. The platform serves over 18,000 registered developers and TDR owners in BMC.What is TDR? TDR is an urban planning mechanism allowing landowners to receive additional construction rights when land is acquired or surrendered for public purposes. This enables efficient land use and supports planned city development.About e-TDR e-TDR is an online platform...

Central Bank of India Reports Provisional Business Figures for Q4 FY 2025-26 Central Bank of India announced provisional business figures for the quarter ended March 31, 2026, indicating growth across key metrics. Total business reached ₹812814 crore, reflecting a year-over-year growth of 15.65% and a sequential increase of 5.00%.Total deposits stood at ₹467885 crore, up 13.37% year-over-year and 3.84% quarter-over-quarter. CASA deposits rose to ₹220886 crore, representing 9.80% year-over-year growth and 4.30% sequential growth. The CASA ratio improved to 47.31%.Gross advances amounted to ₹344929 crore, showing a year-over-year increase of 18.90% and a quarterly rise of 6.61%. The CD ratio reached 73.88%.Here's a summary of the...

Silverline Technologies Announces Platform Upgrade and Strategic AI Focus Silverline Technologies Ltd. (SILVERLINE) announced a scheduled platform maintenance and a strategic shift in its Artificial Intelligence (AI) branch on April 2, 2026.The company is undertaking a platform upgrade to address a recent surge in Daily Active Users (DAU), which increased by approximately 45%. The maintenance period is expected to last 24 to 72 hours, with services resuming with enhanced capacity and optimized performance.Silverline Technologies has also decided to strategically pivot the focus of its AI division. The AI branch will now concentrate on developing proprietary AI solutions in three key sectors: Cyber Warfare, Supply Chain Management...

New India Assurance Appoints Key Management Personnel Mumbai – April 2, 2026 – The New India Assurance Company Limited announced appointments to key management positions, effective April 2, 2026. The changes were made in accordance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.Ms. Mary Abraham has been appointed as Chief Risk Officer. Currently serving as General Manager, Ms. Abraham brings over 35 years of experience in the insurance industry, with a diverse background across various business lines. She holds an MBA in Finance and is a Fellow of the Insurance Institute of India.Mr. S. Dinakaran has been appointed as Chief Underwriting Officer. Also currently serving as General Manager, Mr. Dinakaran...