Markets

Himadri’s Anurag Choudhary Named BT India’s Best CEO in Chemicals Category Kolkata – April 2, 2026 – Himadri Speciality Chemical Ltd. announced that Chairman, Managing Director, and CEO Anurag Choudhary has been recognized as Business Today India’s Best CEO Awards 2026 in the Chemicals category.The award, presented as part of the BT MindRush 2026, celebrates top Indian corporate leaders building globally competitive enterprises and driving economic growth.According to Himadri, Choudhary’s recognition highlights his role in transforming the company into a diversified speciality chemicals and advanced materials company, emphasizing innovation, value-added products, and global expansion. Under his leadership, the company has...

Cupid Limited Makes Payment for Warrants in Baazar Style Retail Limited Cupid Limited announced on April 2, 2026, that it has made a payment of Rs. 82,88,31,250 to Baazar Style Retail Limited for the subscription of 1,01,00,000 warrants convertible into equity shares.The transaction aims to strengthen Cupid’s retail presence and expand consumer reach by leveraging Baazar Style Retail Limited’s network of over 250 stores. Cupid anticipates expanding the store network to over 500 locations within the next three years, integrating its FMCG product portfolio into this growth.Baazar Style Retail Limited was incorporated on June 3, 2013, and is engaged in the business of fashion retail. Its consolidated turnover for the last three years...

Bank of India Reports Strong Financial Performance for Quarter Ended March 2026 Bank of India announced its provisional financial results for the quarter and year ended March 31, 2026, demonstrating significant year-over-year growth across key business areas. The figures, released on April 2, 2026, reflect a positive performance trajectory for the financial institution.According to the data, the bank's global business grew by 14.53% to 16,98,026 crore, compared to 14,82,588 crore in the corresponding period of the previous year. Global deposits increased by 13.58%, reaching 9,27,460 crore, while gross advances rose by 15.69% to 7,70,566 crore.Domestically, deposits grew by 14.33% to 8,00,682 crore, and gross advances increased by...

Standard Capital Markets Ltd. Completes Redemption of Non-Convertible Debentures Standard Capital Markets Ltd. announced the completion of a partial redemption of Non-Convertible Debentures (NCDs) on April 2, 2026. The company redeemed 23,202 NCDs, each with a face value of ₹100,000, totaling ₹2,32,02,00,000.Previously, on March 24, 2026, the company had informed the market about the partial redemption. The NCDs were allotted between October 30, 2024, and February 14, 2025, following a request from the debenture holders dated October 28, 2024.The company has fully redeemed the entire Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) of ₹500 Crore, initially issued on October 24, 2024, including all accrued...

Airfloa Rail Technology Ltd. Secures ₹ 1.23 Crores New Order Airfloa Rail Technology Limited announced it has secured a new order worth ₹ 1.23 Crores from Integral Coach Factory, Chennai, on April 2, 2026.The order is for the supply of End Wall for 3PH Memu/TC Coaches as per specification. Key details of the order include:Order Value: ₹ 1.23 Crores Delivery Location: Shell Depot/ICF, Chennai Completion Timeframe: Within a period of 12 months. Payment Terms: 100% payment on receipt note after acceptance of material at ICF. Order Execution: Commencement of Supply in November 2026 and Completion Within 17 months.The contract will be governed by the latest version of IRS conditions of contract and other terms and conditions...

3i Infotech Receives Order for Platform Modernization from Medical Supplies Delivery Services Company 3i Infotech Limited announced on April 2, 2026, that its wholly-owned step-down subsidiary, 3i Infotech Inc., USA, has secured an order from a leading medical supplies delivery services company. The order, received on April 1, 2026, involves the modernization and re-engineering of the client's platforms.The engagement focuses on a comprehensive transformation into a scalable, cloud-native digital commerce ecosystem integrated with ERP through a secure middleware layer. The solution incorporates a microservices-based architecture, AI-enabled search and chatbot capabilities, middleware-driven system integration, and database...

Allied Blenders and Distillers Appoints Amar Sinha as Managing Director – Designate Allied Blenders and Distillers Limited (ABD) announced the appointment of Mr. Amar Sinha as 'Managing Director – Designate' and Senior Management Personnel, effective April 2, 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.ABD also noted that the tenure of current Managing Director and Key Managerial Personnel, Mr. Alok Gupta, is nearing completion.Mr. Amar Sinha brings over three decades of leadership experience across the alco-beverage and consumer sectors. His previous roles include Chief Operating Officer at Radico Khaitan, Managing Director at Whyte & Mackay...

Sambhv Steel Tubes Revises Investment Details for Vajra Alloys Private Limited Sambhv Steel Tubes Limited announced a revision to previously disclosed details regarding its investment in Vajra Alloys Private Limited, effective April 2, 2026. The adjustment corrects a typographical error in the earlier disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The revised disclosure indicates that the net worth of Vajra Alloys Private Limited is INR 0.10 Crores, a change from the previously stated INR 38.58 Crores. The note regarding the derivation of net worth based on a valuation report has been deleted.Sambhv Steel Tubes Limited is acquiring a 15% stake in Vajra Alloys...

Supra Pacific Financial Services Ltd. Receives BSE Listing and Trading Approval for New Equity Shares Supra Pacific Financial Services Ltd. announced on April 2, 2026, that it has received trading approval and listing approval from the BSE Limited for 15,852,525 fully paid-up equity shares. Each share has a face value of ₹ 10.00 and was issued at an issue price of ₹ 23.00, including a premium of ₹ 13.00 per share. The shares bear distinctive numbers from 33287742 to 49140266.The BSE granted the listing approval on April 1, 2026, and trading approval became effective on April 2, 2026.According to a notice from the BSE, trading in the shares will be permitted after the company confirms the crediting of the shares to the respective...

B. D. Industries (Pune) Ltd. Receives Purchase Order Worth ₹10.08 Crore B. D. Industries (Pune) Limited announced today, April 2, 2026, that it has received a contract from a domestic entity for the supply of Spacer. The contract is valued at approximately ₹10.08 Crore, including tax.The delivery of the Spacer is expected to be completed by August 31, 2026.The entity awarding the order has not been disclosed due to confidentiality. Neither the promoter group nor group companies have any interest in the entity that awarded the contract, and the transaction is not considered a related party transaction.Sr. No.ParticularsDescriptions2Significant terms and conditions of order(s)/contract(s) awarded in briefSupply of Spacer...

Suratwwala Business Group Limited Responds to Price Movement Inquiry Suratwwala Business Group Limited (SBGLP) addressed inquiries regarding recent movements in its security prices, according to a communication sent to the BSE Limited on April 1, 2026. The company responded to a BSE email dated March 31, 2026, seeking clarification on the price fluctuations.Suratwwala Business Group Limited stated that all material information impacting the company's operations and performance has been regularly and timely disclosed to the stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The company attributed the price movements to general market conditions and market-driven factors...

Cupid Breweries and Distilleries Limited Announces Resignation of Independent Director Cupid Breweries and Distilleries Limited, formerly known as Cupid Trades and Finance Limited, announced the resignation of Independent Director Ajay Gandeja, effective March 29, 2026, due to pre-occupancy. Gandeja, holding DIN 08663702, also served as Chairman of the Audit Committee and a member of the Nomination and Remuneration Committee, positions he will also cease to hold.The company appreciates Gandeja’s contributions during his tenure.As of March 29, 2026, Ajay Gandeja held directorships in JET FREIGHT LOGISTICS LIMITED, where he served as an Independent Director and Chairman of the Audit Committee.Gandeja confirmed in a separate...

Godawari Power and Ispat Receives Consent to Operate for Waste Heat Recovery Power Plant Godawari Power and Ispat Limited announced on April 2, 2026, that it has received Consent to Operate from the Chhattisgarh Environment Conservation Board for a 6.91 MW Waste Heat Recovery Based Power Plant. The plant is located in the Siltara Industrial Area, Raipur, Chhattisgarh, and utilizes waste heat from the company's Pellet Plant and Ferro Alloys Division.The plant, which commenced its trial run and testing phase on April 2, 2026, is expected to begin commercial operations by the end of April 2026. The power plant’s capacity is 6.91 MW.According to a company release, Godawari Power and Ispat Limited holds ISO 9001:2015, ISO 14001:2015, ISO...

Taparia Tools Ltd. Receives Order Concluding Assessment Proceedings Taparia Tools Ltd. announced on April 2, 2026, that it received a set-aside order under Section 143(3) read with Section 254 of the Income Tax Act from the Dy. Commissioner of Income Tax, Circle-1, Nashik, on April 1, 2026. The order confirms that no tax liability is payable by the company and concludes the assessment proceedings. This follows a previous communication dated June 14, 2025, regarding the ITAT Appeal Hearing ITA No. 1337/PUN/2025.Source:

CIAN Agro Industries & Infrastructure Ltd. Approves Scheme of Amalgamation CIAN Agro Industries & Infrastructure Limited (CIAN) announced on April 2, 2026, the approval of a Scheme of Amalgamation and Arrangement involving Varron Aluminiumm Private Limited (VAPL), SecOne Sales & Marketing Private Limited (SOSMPL), Vyankatesh Engineers & Contractors Private Limited (VECPL), Manas Power Ventures Private Limited (MPVPL), Avenzer Electricals & Infrastructure Private Limited (AEIPL), and Manas Agro Industries & Infrastructure Limited (MAIIL).The Scheme, which is subject to approvals from respective shareholders and creditors, as well as the National Company Law Tribunal (NCLT), aims to consolidate the group structure and improve...

Crompton Greaves Consumer Electricals Limited to Appeal Income Tax Order Crompton Greaves Consumer Electricals Limited announced on April 2, 2026, that it received an order from the office of the Commissioner of Income Tax (Appeals), National Faceless Appeals Centre, Delhi, confirming an earlier assessment order from the Income Tax Department for Assessment Year 2022-23.The company had previously appealed the initial assessment order. The latest order pertains to disallowances related to provisions for warranty and after-sales services, depreciation on intangible assets, and ESOP expenses.According to the company, the potential financial impact of the order is ₹ 68,66,59,820, comprised of ₹ 57,12,90,684 in tax and ₹ 11,53,69,136 in...

Nephrocare Health Services Limited Challenges GST Orders in High Court Nephrocare Health Services Limited has filed a writ petition with the Hon'ble High Court of Jammu & Kashmir and Ladakh at Srinagar, challenging orders issued by Goods and Services Tax (GST) authorities. The petition, filed on April 2, 2026, carries case number WP(C)/646/2026.The dispute originates from a Show Cause Notice dated September 18, 2024, alleging a mismatch between turnover reported in Form 26AS and GST returns (GSTR-1) for FY 2020-21. Despite the company’s detailed replies and supporting documentation, which clarified that the turnover reflected in Form 26AS is PAN-based and includes revenues across multiple GST registrations, the GST authorities issued...

Narmada Agrobase Ltd. Receives Administrative Warning Letter from SEBI Narmada Agrobase Ltd. announced on April 2, 2026, that it received an administrative warning letter from the Securities and Exchange Board of India (SEBI) via email dated April 1, 2026.The warning pertains to non-compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically concerning the company's failure to update the "Policy for Determination of Materiality" within the required timelines. This constitutes a violation of Regulation 30 (4)(ii) of the LODR Regulations.Narmada Agrobase Ltd. stated that it has taken the warning seriously and initiated internal measures to strengthen its...

Baazar Style Retail Limited Allots Equity Warrants, Appoints Internal Auditor Kolkata, April 2, 2026 – Baazar Style Retail Limited announced the allotment of 1,01,00,000 (One Crore One Lakh) equity warrants on a preferential basis and the appointment of KPMG Assurance and Consulting Services LLP as the company’s Internal Auditor.The company’s Board of Directors approved the allotment of the warrants at an issue price of ₹ 328.25 per share. Cupid Limited, a non-promoter Body Corporate, subscribed to the entire offering, amounting to ₹ 82,88,31,250. Each warrant is convertible into one equity share with a face value of ₹ 0.05 within 18 months.The Board also approved the appointment of KPMG Assurance and Consulting Services LLP as the...

PNB Housing Finance Discloses Divergence in Asset Classification for FY2023 PNB Housing Finance Ltd. (PNBHFL) announced on April 2, 2026, that it received communication from the National Housing Bank (NHB) concerning a divergence in asset classification and provisioning for the financial year ended March 31, 2023. The disclosure, advised for inclusion in the company’s balance sheet notes, relates to two corporate/project finance loan accounts.According to the NHB’s assessment, the total gross non-performing assets (GNPA) increased by Rs. 933.58 crore, resulting in a total GNPA of Rs. 3204.94 crore as of March 31, 2023. This figure is higher than the Rs. 2271.36 crore reported in the company’s balance sheet.The divergence stemmed...