Markets

Equitas Small Finance Bank Reports Growth in Deposits and Advances Equitas Small Finance Bank Limited announced a provisional increase in both deposits and advances for the quarter ended March 31, 2026. Gross advances grew by 21.58% year-over-year (YoY) and 6.74% quarter-over-quarter (QoQ), reaching ₹46,183 crore. This growth was supported by robust disbursements of ₹7,347 crore, a 12.05% increase QoQ and a 72.19% rise YoY.Total deposits increased by 7.96% YoY and 6.56% QoQ, reaching ₹46,533 crore. The bank’s Cost of Funds decreased to 6.93%.Key Financial Highlights (₹ Crore)Particulars (In Rs. Crore unless specified otherwise)March 31, 2025 (Audited)December 31, 2025 (Un-audited)March 31, 2026 (Provisional)YoY %QoQ %Gross...

Vdeal System Limited Receives New Order Worth ₹69.5 lakh Vdeal System Limited announced today, April 2, 2026, that it has been awarded a new order for the supply of Power System & Automation Panels valued at ₹69,50,000.00 (Rupees sixty-nine lakh fifty thousand only) from its existing client, IFFCO.The order, awarded to a domestic entity, involves the supply of Power System & Automation Panels as per the purchase order, with a tentative delivery date of July 31, 2026. The company stated that the order contributes to sustained business growth and enhanced shareholder value.The company confirmed that neither the promoter group nor group companies have any interest in IFFCO, and the order does not constitute a related party transaction...

Mahindra & Mahindra Financial Services Reports Q4 FY26 Updates Mahindra & Mahindra Financial Services Ltd. announced key updates for the fourth quarter of fiscal year 2026, indicating a period of growth and strengthened financial position.The company estimates overall disbursements for Q4 FY26 reached approximately Rs. 17,180 crore, representing an 11% year-over-year increase. For the full fiscal year 2026, disbursements totaled approximately Rs. 61,100 crore, a 6% year-over-year growth, excluding finance lease.Business assets grew by approximately 12% to Rs. 1,33,800 crore compared to March 2025.Collection Efficiency ('CE') is estimated at 98% for Q4 FY26, an improvement from 97% in Q4 FY25. Full-year FY26 CE is estimated at 96%...

Sundaram Multi Pap Limited Installs Solar Roof Panels at Palghar Factory Mumbai, April 2, 2026 – Sundaram Multi Pap Limited, a leader in the paper stationery business in India, announced the successful installation of solar roof panels at its 4-acre Palghar factory. The initiative marks a milestone in the company's commitment to environmental sustainability and reducing its carbon footprint.The newly installed solar panels are projected to generate clean, renewable energy annually, significantly reducing Sundaram’s reliance on non-renewable energy sources. This is expected to cut carbon emissions, an amount equivalent to planting hundreds of trees.“At Sundaram, we are committed to doing our part in addressing climate change and...

EIH Ltd. Invests ₹26.66 Crore in TP Varun Limited EIH Ltd. announced an investment of ₹26.66 crore in TP Varun Limited on April 2, 2026. The investment, representing 26% of the paid-up capital, aligns with requirements of India’s Electricity Act, 2003 and Electricity Rules, 2005.TP Varun Limited, incorporated on July 20, 2023, is focused on setting up ground-mounted solar photovoltaic power projects in India. The company has reported zero turnover for the last two financial years.The acquisition, completed on April 1, 2026, was made for a cash consideration. EIH Ltd. has entered into a Power Delivery Agreement and Share Purchase Agreement with TP Varun Limited.The investment will enable EIH Ltd. to secure a dedicated renewable...

Raymond Realty Ltd. Reports Record FY26 Operational Performance Mumbai, April 2, 2026 – Raymond Realty Limited announced its financial results for FY26, highlighting a period of significant operational performance, particularly driven by a strong Q4. The company’s Q4 pre-sales reached ₹1,519 crore, nearly matching the combined momentum of the previous nine months. This performance was fueled by successful project launches across Thane, Wadala, Sion, and BKC.Raymond Realty’s pre-sales for the fiscal year totaled ₹3,023 crore, a 31% increase compared to ₹2,314 crore in FY25. Collections for FY26 were ₹1,725 crore, down 9% from ₹1,887 crore in the previous fiscal year.Financial Summary (₹ Cr.)ParticularsQ4FY26Q4FY25YoYFY26FY25YoY...

Paisalo Digital Limited Allots Commercial Papers Paisalo Digital Limited announced on April 2, 2026, that its Operations and Finance Committee has approved the allotment of commercial papers through a private placement. The company issued 1300 commercial papers with a face value of Rs. 5,00,000.00 each.The yield on the commercial papers is 9.00%, with an issue price of Rs. 4,78,751.50. The total redemption value is Rs. 65,00,00,000.00. The papers have a tenure of 180 days and will mature on September 29, 2026. Bank of Maharashtra served as the Investment Placement Agent (IPA) for the issuance. The commercial papers are listed.Additional details are available on the company’s website at www.paisalo.in.Source:

Canara Bank Announces Interdepartmental Transfers of Key Executives Canara Bank announced several interdepartmental transfers of Chief General Managers, effective April 1, 2026.The changes include:Manoj Kumar Das, previously Chief General Manager of the Chandigarh Circle Office, has been transferred to the Credit Administration & Monitoring Wing at Head Office, Bengaluru. Mr. Das brings 37 years of banking experience and holds qualifications including B.Sc and CAIIB. K A Sindhu, formerly Chief General Manager of the Chennai Circle Office, will now lead the Thiruvananthapuram Circle Office. Ms. Sindhu has 34 years of banking experience and holds qualifications including Diploma in Rural Banking, B.Sc, Certificate in SME Finance for...

Imagicaaworld Entertainment Limited Clarifies Agreement Details Imagicaaworld Entertainment Limited has issued a clarification regarding a previous disclosure concerning an agreement with Keshav Holiday Resort Private Limited. The company initially stated the agreement was an “Operation and Maintenance Agreement,” however, they have corrected this to “Operation and Management Agreement.”All other details within the original disclosure remain accurate. The agreement between Imagicaaworld Entertainment Limited and Keshav Holiday Resort Private Limited, Gujarat, was initially announced on April 2, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source:

Dhruv Consultancy Services Limited Secures PMC Empanelment with Brihanmumbai Municipal Corporation Dhruv Consultancy Services Limited has been officially empaneled as a Project Management Consultant (PMC) by the Brihanmumbai Municipal Corporation (BMC). The empanelment, received on April 1, 2026, is related to the design of municipal roads, pavements, and underground utility ducts, along with quality assurance and quality control for various road and trench projects in Mumbai.The agreement covers a period of 5 years and is documented in order No. Ch. Eng./9644/ Roads & Tr. This development positions Dhruv Consultancy Services to contribute to infrastructure development within the city.Source:

Trishakti Industries Announces Capital Expenditure Update and Exceeds FY26 Guidance Trishakti Industries Limited announced a capital expenditure of approximately 20 Crores towards the acquisition of new equipment. This investment contributes to a cumulative capital expenditure of approximately ¥258 Crores (including GST) for the company.The company has surpassed its FY26 capital expenditure guidance of 100 Crores, achieving approximately 210 Crores of fresh capital expenditure for the fiscal year. The newly acquired machines are projected to generate revenues of approximately 26 Crores over a 12-month period.This expansion of the company’s operational fleet is expected to enhance revenue visibility for the coming year.Source:

Kundan Edifice Limited Scores 98% in Product Audit by Havells India Limited Kundan Edifice Limited announced it achieved a score of 98% in a product audit conducted by Havells India Limited for March 2026. The audit, which evaluates manufacturing capabilities, quality standards, and process discipline, is part of Havells India Limited’s vendor qualification and engagement framework. The positive outcome reflects confidence in Kundan Edifice Limited’s operations.Audit DetailsItemDetailEntity Conducting AuditHavells India LimitedNature of AuditProduct Audit under vendor evaluation frameworkAudit PeriodMarch 2026Audit Score98%N Divyansh Mukesh Gupta, Managing Director, signed off on the announcement.Source:

TTBS Honored with Five Awards at ET Telecom Awards 2026 New Delhi, April 2, 2026 – Tata Tele Business Services (TTBS), a leading provider of digital connectivity and cloud solutions for businesses in India, received five awards at the ET Telecom Awards 2026. The recognition underscores TTBS’s leadership in enterprise innovation and customer service.TTBS was recognized in the following categories:Enterprise Service Provider of the Year Enterprise Digital Transformation of the Year Best Customer Service Best Wi-Fi Infrastructure Provider – Jury Recognition Best Brand Awareness"These recognitions reflect the trust our customers place in TTBS to power their digital journeys," said Vishal Rally, President & Chief Revenue Officer, Tata...

Manali Petrochemicals Receives Madras High Court Order Regarding Labor Dispute Manali Petrochemicals Limited announced on April 2, 2026, that the Hon’ble Madras High Court has issued an order disposing of Writ Petitions related to a wage revision and service conditions dispute with workmen. The petitions, initially filed in 2016 and 2023, challenged awards previously passed by the Industrial Tribunal, Chennai in I.D. Nos. 35 of 2006 and 51 of 2004.The company received the common order from the Madras High Court on March 31, 2026. Manali Petrochemicals is currently assessing the financial and legal implications of the order in consultation with legal counsel and will take appropriate steps as advised. Further material developments will...

HBL Engineering Ltd. Secures Order Worth Rs. 179.79 Crores from Banaras Locomotive Works HBL Engineering Ltd. announced on April 2, 2026, that it has received a Letter of Acceptance from Banaras Locomotive Works (BLW) for the supply, testing, and commissioning of On-board KAVACH equipment (Version 4.0). The order is valued at Rs. 179.79 Crores, inclusive of 18% Goods and Services Tax (GST).The contract, awarded to a domestic entity, is to be completed on or before February 15, 2027.According to the terms of the order, HBL Engineering Ltd. will be responsible for the supply, testing, and commissioning of the On-board KAVACH equipment. The company secretary, G B S Naidu, made the disclosure. Neither the company nor its promoters have...

Savy Infra and Logistics Limited Receives Significant Work Orders Totaling ₹923 Crores Savy Infra and Logistics Limited announced it has received new work orders from Aakshya Infra Projects Pvt. Ltd. and JSW Utkal Steel Limited. The contracts, disclosed on April 2, 2026, collectively represent a value of ₹923 crores.The company has secured work orders for land development related to a Solar Project for Reliance Industries Limited (RIL) in Kutch, Gujarat. The first work order, valid from November 2025 to June 2027, carries a basic value of ₹207 crores. A second work order for the same project, spanning January 2026 to September 2027, is valued at ₹201 crores.Separately, Savy Infra and Logistics has been awarded work orders from JSW...

BEW Engineering Limited Secures Loan Agreement with SIDBI BEW Engineering Limited announced on April 2, 2026, that it has entered into a Loan Agreement dated April 1, 2026, with the Small Industries Development Bank of India (SIDBI). The agreement secures a Term Loan facility of Rs. 307.65 Lakh for acquiring plant and machinery at FE-10, M.I.D.C. Industrial Area, Phase II, Manpada Road, Dombivli East, Dist. Thane, Maharashtra, 421204; and Plot No. TS-9A, MIDC Phase II, Manpada Road, Dombivli East, Thane, Maharashtra, 421204.According to the agreement, SIDBI is entitled to appoint and withdraw Directors on the Board of Directors of BEW Engineering Limited.The loan agreement includes the provision for assets hypothecation as security...

Garware Marine Industries Receives Notice Regarding Equipment Lease Dispute Garware Marine Industries Ltd. has received a notice from the Deputy Superintendent of Police, Economic Offences Wing-II, Chennai, alleging a failure to repay equipment lease rentals. The notice pertains to an Equipment Lease Agreement and amounts to Rs. 3,54,83,661.50. The company has been directed to appear before the authority within 15 days with payment receipts and relevant documents.The dispute is linked to ongoing litigation involving Integrated Finance Company Limited (IFCL) and Garware Marine Industries Ltd. concerning the recovery of machinery lease rent. Garware Marine has deposited Rs. 30 Lakhs in the Hon. High Court of Madras as part of this legal...

Ujjivan Small Finance Bank Reports Strong Growth in Deposits and Loans for Fiscal Year 2026 Ujjivan Small Finance Bank Limited announced key business highlights for the quarter and financial year ended March 31, 2026, reporting substantial growth in deposits and loan book.Deposit Growth:Total deposits increased by 21.3% year-over-year to ₹45,661 crore compared to ₹37,630 crore in the prior year. The bank’s CASA (Current Account, Savings Account) grew to ₹13,055 crore, a 35.8% increase year-over-year. The CASA ratio stands at 28.6%. The credit-deposit ratio is reported at 89.0%.Loan Book Expansion:The gross loan book expanded by 26.6% year-over-year to ₹40,655 crore from ₹32,122 crore in the previous year. Group Loans constitute...

Freshara Agro Exports Limited Receives Government Subsidy for Expansion Freshara Agro Exports Limited announced it has received a formal sanction letter and approval from the Ministry of Food Processing Industries (MoFPI), Government of India, under the Creation/Expansion of Food Processing & Preservation Capacities ('CEFPPC') scheme of the Pradhan Mantri Kisan Sampada Yojana ('PMKSY'). The approval was received on April 1, 2026.The company is eligible for a Grant-in-Aid/Subsidy of ₹4,20,68,000 (Rupees Four Crore Twenty Lakhs Sixty-Eight Thousand only). This financial assistance will support Freshara Agro Exports Limited’s expansion plans in the food processing segment and strengthen its manufacturing capabilities.The approval...