Markets

Mahindra & Mahindra Financial Services to Hold Board Meeting on April 24, 2026 Mahindra & Mahindra Financial Services Limited announced that its Board of Directors meeting is scheduled for Friday, April 24, 2026. The meeting agenda is set to cover the financial results for the fiscal year and the company's future borrowing capacity.The company stated that the Board will consider several key items, including the financial results and recommendations for capital increases.Board Meeting Agenda Highlights The Board of Directors meeting is scheduled to address the following material points:Agenda ItemDescriptionKey ScopeFinancial ResultsConsideration and approval of the Audited Standalone and Consolidated Financial Results.Fourth...

IFCI Ltd Board Meeting Scheduled to Approve Standalone and Consolidated Results for FY26 IFCI Ltd announced that its Board of Directors meeting is scheduled for Tuesday, April 2026. During this session, the company plans to consider and approve the Standalone and Consolidated Results for the quarter and the year ending March 31, 2026.In connection with the forthcoming board meeting to review the financial results, the company confirmed a temporary closure of its trading window. The trading window will remain closed until Thursday, April 30, 2026, allowing stakeholders time to review the final figures.IFCI Stock Price Movement Today, IFCI Limited shares rallied, closing at ₹60.73 after gaining 4.09% in the cash market. The stock saw...

Kothari Industrial Corporation Boosts Stake in Phoenix Kothari Footwear Private Limited Kothari Industrial Corporation Limited (KICL) has significantly increased its investment stake in Phoenix Kothari Footwear Private Limited (PKFPL) following the allotment of 2,70,00,000 equity shares. The share allotment was completed on April 15, 2026, subsequent to approval from the company's Board of Directors for further investment in PKFPL.With this transaction, KICL's shareholding in Phoenix Kothari Footwear Private Limited now stands at 30%.The move represents a strategic strengthening of KICL's presence in the footwear sector, as the business of PKFPL aligns directly with and falls within the company's core line of business. The purpose...

RVNL Secured Mega Contract from East Coast Railway for Bhadrak-Vizianagaram Rail Infrastructure Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for a significant infrastructure project awarded by the East Coast Railway. The contract encompasses the development of vital rail lines and the construction of multiple major bridges along the Bhadrak-Vizianagaram section.The awarded contract details the implementation of the 3rd and 4th lines, covering the segment between Nergundi-Barang (22Km) and Khurda Road-Vizianagaram (363Km) on the total Bhadrak-Vizianagaram section of 385Km. The project scope also includes the construction of four critical bridges utilizing the EPC mode.The awarded contract has the following...

BEML Ltd Announces Cessation of Independent Directors on the Board BEML Ltd has announced that two of its Independent Directors have ceased their tenure on the company's Board of Directors. The change in the board composition is effective as of closing hours on 16.04.2026.The Independent Directors who ceased their roles are Shri Vikas Kakatkar and Shri Siva Makutam.The cessation of their directorship was executed as per the terms outlined in the appointment order. This order, bearing letter No. 8(6)/2021-D (BEML), was dated 17.04.2025 and was issued by the Government of India.BEML Stock Price Movement Today, BEML Limited shares rallied to close at ₹1740, posting a solid gain of 2.06%. The stock found support throughout the...

Mahindra EPC Irrigation Ltd. Schedules Virtual Investor Call for April 22, 2026 Mahindra EPC Irrigation Ltd. has announced the schedule for an interaction call with investors and analysts. The event is set for Wednesday, April 22, 2026, focusing on discussions with fund managers and analysts.The company confirmed that the interaction will be held virtually, with the stated venue being Nashik.The details for the scheduled Investor Call are as follows:DateType of InteractionMode of AttendanceInteraction FocusVenueWednesday, April 22, 2026, at 3:30 p.m. (tentative)Investors' CallVirtualFund Managers / Investors / AnalystsNashikParticipants attending the call can utilize the provided dial-in details:Call India: +91 22 6280...

VA Tech Wabag Clarifies Status on Saudi Arabia and Kuwait Tenders VA Tech Wabag Ltd. has issued a clarification regarding news reports appearing on media outlets concerning its bids for international infrastructure projects. The company addressed specific claims related to potential contracts in Saudi Arabia and Kuwait, providing details on the status of these tenders.The company first addressed a news item titled "the company has emerged as the lowest bidder for a sewage treatment plant (STP) contract worth over INR 600 crores in Saudi Arabia." According to the clarification, the company is not aware of any project worth over INR 600 crores in Saudi Arabia where it has been declared as the lowest bidder as of the date of the...

Hilton Metal Forging Issues Clarification on Inadvertent Market Announcement Hilton Metal Forging Limited confirmed that an announcement disseminated on April 16, 2026, at 05:19:39 PM, was filed inadvertently. The company issued a statement clarifying that the announcement, which appeared under the head 'Action(s) taken or orders passed,' is incorrect.The Company formally declared that no such event took place and that the announcement has no relevance to any connected person of the Company.Hilton Metal Forging Limited emphasized that the document was uploaded without willful intent of non-compliance and must therefore be considered null and void. The company stated that the announcement should be treated as void since a document...

Linc Ltd Receives Credit Rating Confirmation for Bank Facilities Linc Ltd announced on April 16, 2026, that Acuite Ratings & Research Limited has reviewed and assigned credit ratings for the company's bank facilities. The ratings confirm the credit standing associated with the company's lending arrangements.Acuite Ratings provided separate ratings for both the long-term and short-term obligations.The credit ratings for Linc Ltd's bank facilities are detailed below:Rating TypeAssigned RatingStatusLong-Term RatingACUITE A+StableShort-Term RatingACUITE A1+N/ALINC Stock Price Movement Linc Limited shares slipped by 0.55% to close at ₹99.49 today. The stock traded on a volume of 48,135 shares, finishing the day's session...

Gravita India Limited Increases Shareholding in Subsidiary Rashtriya Metal Industries Gravita India Limited announced an increase in its stake in Rashtriya Metal Industries Limited (RMIL), a subsidiary of the company.The company disclosed that it acquired an additional 20,400 shares in Rashtriya Metal Industries Limited. This acquisition represents 0.49% of the subsidiary's total share capital.The increased acquisition improved Gravita India Limited's shareholding in RMIL. The company's stake rose from 98.95% to 99.44%.The details of the shareholding change are summarized below:MetricPrevious ShareholdingAcquisition DetailsNew ShareholdingSubsidiaryRashtriya Metal Industries Limited (RMIL)Acquired: 20,400 shares...

Banco Products Announces Resignation of Key Managerial Personnel and Compliance Officer Banco Products (India) Ltd has announced the resignation of Ms. Preeti Yadav from several key corporate roles within the company. The professional change is effective from 16th April, 2026, following the close of business hours.Ms. Preeti Yadav, who holds the ICSI Membership Number ACS 71781, was serving as the Company Secretary (a Key Managerial Personnel), the Compliance Officer, and the Nodal Officer for Banco Products (India) Ltd.The resignation comes due to personal reasons, allowing Ms. Yadav to pursue career opportunities outside the company.Banco Products (India) Ltd confirms the cessation of Ms. Preeti Yadav’s duties in these...

Taurian MPS Limited Approves Change in Statutory Auditors Following Board Meeting Taurian MPS Limited held its Board of Directors meeting on Thursday, April 16, 2026. During the meeting, the board reviewed and approved significant changes regarding the company's Statutory Auditors.The board took note of the resignation of M/s BDG & Co LLP, Chartered Accountants (Firm Registration No. 119739W/W100900), from their position as the Statutory Auditors of the Company. The cessation of M/s BDG & Co LLP as Statutory Auditors was effective from April 14, 2026.In response to the vacancy, the board approved the appointment of M/s Jay Gupta & Associates, Chartered Accountants (FRN: 329001E), as the new Statutory Auditors. This appointment was...

Apollo Tyres Ltd Receives Customs Order Levying Penalty Over HSN Classification Dispute Apollo Tyres Ltd confirmed that it received an order from the Joint Commissioner of Customs, Chennai, on April 16, 2026. The order imposes a penalty under the Customs Act.The penalty has been levied due to a dispute regarding the Harmonized System Nomenclature (HSN) classification.The material details concerning the customs order are as follows:DetailInformationIssuing AuthorityJoint Commissioner of Customs, ChennaiDate of Order ReceiptApril 16, 2026Nature of ActionPenalty order passed under Customs ActPenalty AmountRs 14.34 lacsBasis of DisputeHSN classificationThe Company stated that it intends to file an appeal before...

Shree Cement Ltd Receives GST Demand Order from Central Authorities Shree Cement Limited received a service tax demand order from the Commissioner, Central GST & Central Excise, Jodhpur, on April 16, 2026. The order demands a significant payment coupled with applicable interest and an equivalent penalty.The action relates to allegations of non-payment of Service Tax. According to the company, while the order was received on April 16, 2026, the demand centers on the violation of Non-payment of Service Tax.The details of the order and the involved authority are presented below:ParticularsDetailsName of the AuthorityCommissioner, Central GST & Central Excise, JodhpurOrder DetailsDemand for service tax of Rs. 8,30,94,582/-...

India Power Corporation Limited Approves Reappointment of Independent Director Anil Kumar Jha India Power Corporation Limited announced that its Board of Directors, during a meeting held on April 16, 2026, approved the reappointment of Mr. Anil Kumar Jha as an Independent Director for a second term. The company also approved issuing a Postal Ballot Notice to seek shareholder approval for this reappointment.The Board approved the re-appointment of Mr. Anil Kumar Jha (DIN: 06645361) for a second term spanning five consecutive years. This term is set to commence on June 11, 2026, and conclude on June 10, 2031.Mr. Anil Kumar Jha is noted for his distinguished background in mining engineering. He earned his degree with distinction from...

Mangalam Worldwide Limited Secures Rs 50 Crore Through Private Placement of Non-Convertible Debentures Mangalam Worldwide Limited announced that its Debenture Committee of the Board of Directors approved the issuance of non-convertible debentures (NCDs) worth up to Rs 50 crore. The approval was reached at a committee meeting held on April 16, 2026.The company plans to raise the funds by issuing up to 5,000 senior, secured, rated, listed, redeemable, taxable, transferable non-convertible debentures. These debentures have a face value of INR 1,00,000 (Rupees One Lakh) each, aggregating to Rs 50,00,00,000 (Rupees Fifty Crores).The issuance will be structured as a private placement through the Electronic Book Platform (EBP), remaining...

Dodla Dairy Subsidiary Secures Land Allotment for Large-Scale Milk Products Unit Dodla Dairy Limited has confirmed a significant expansion step through its wholly owned subsidiary, HR Food Processing Private Limited. The company has been allotted a substantial plot of land in the Dumaria industrial area of the motipur cluster, Bihar.HR Food Processing Private Limited received the allotment of 311333 sqft (7.15 acres) spanning plot nos I.P.-26, I.P.27, and I.P.-1. This land is secured through a lease of 90 years from the Bihar Industrial Area Development Authority (BIADA).The purpose of the newly acquired land is the establishment of a major manufacturing unit. The facility will focus on producing various milk-based products...

Indo Euro Indchem Ltd Addresses GST Demand Order Alleging Fraudulent ITC Availment Indo Euro Indchem Ltd has provided a clarification regarding a significant tax dispute, detailing an order received from the Assistant Commissioner of Central GST & Central Excise in Mumbai. The company addressed an alleged violation concerning the fraudulent availment of Input Tax Credit (ITC) and announced its plans to challenge the demand before appellate authorities.The matter stems from an order passed on March 13, 2026, by the Office of the Assistant Commissioner of Central GST & Central Excise, Division-I, Mumbai Central Commissionerate. The order, issued under the CGST Act, 2017 and corresponding provisions under the Maharashtra SGST Act, 2017...

Rishab Special Yarns Limited to Rename Company to Impera Worldwide Limited After MCA Approval Rishab Special Yarns Limited has received approval from the Ministry of Corporate Affairs (MCA) to change the company's name from 'Rishab Special Yarns Limited' to 'Impera Worldwide Limited'.The company announced the name change approval, confirming that the MCA has sanctioned Form INC-24 for the corporate transition.The company noted that it is yet to receive the fresh Certificate of Incorporation that confirms the name change to Impera Worldwide Limited.The update indicates that the company will promptly communicate and submit the new Certificate of Incorporation to the Stock Exchange upon receipt from the Registrar of Companies.Stock...

ISGEC Heavy Engineering Signs MoU to Provide Technical Support for Sugar Plants in Nigeria ISGEC Heavy Engineering Ltd announced on April 16, 2026, that it has entered into a Memorandum of Understanding (MoU) with the National Sugar Development Council of the Federal Republic of Nigeria. The agreement focuses on providing technical support related to the development of sugar plants within Nigeria.Under the agreement, ISGEC will offer comprehensive technical assistance across several key areas in the Nigerian sugar industry. The scope of operation includes technical support for developing feasibility studies, preparing cost estimates, and conducting assessment and valuation of assets. Furthermore, the company is set to offer technical...