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Kothari Industrial Corporation Ltd. Receives Amendment to Service Contract with Integral Coach Factory Kothari Industrial Corporation Ltd. announced on April 2, 2026, that it has received an amendment to an existing service contract from Integral Coach Factory (ICF), Chennai, a unit of Indian Railways. The amendment involves an increase in the contract quantity from 100% to 125%, representing a 25% expansion.The revised total contract value is approximately ₹6.33 Crores, inclusive of Goods and Services Tax (GST). The contract period has been extended up to July 24, 2026. The original contract value was ₹5,06,43,224.85, with the quantity enhancement adding ₹1,26,60,806.21.Below is a summary of the contract details...

Orchid Pharma Ltd. Downgraded by CARE Ratings April 2, 2026 – Credit rating agency CARE Ratings Limited downgraded Orchid Pharma Limited’s Long Term Bank Facilities rating to CARE BBB+; Stable from CARE A- and removed it from Rating Watch with Developing Implications. The Short Term Bank Facilities rating was reaffirmed at CARE A2 and also removed from Rating Watch with Developing Implications.The downgrade reflects recent developments including the company's operational and financial performance for fiscal year 2025 (audited) and the nine-month period ending September 30, 2026. The rating action also considers the final order on the scheme of amalgamation being reserved for pronouncement by the National Company Law Tribunal (NCLT)...

Concord Biotech Acquires 100% Stake in Celliimune Biotech Concord Biotech Limited announced the completion of an acquisition of Celliimune Biotech Private Limited on April 2, 2026. The acquisition, completed on an arm’s length basis, will see Concord Biotech advance research in DNA engineering for cancer therapeutics and develop innovative alternatives to conventional chemotherapy.Celliimune Biotech Private Limited was incorporated on January 15, 2025, in India. The company’s authorized share capital is Rs. 12,00,000 divided into 12,00,000 equity shares of Rs. 10 each, with an issued share capital of Rs. 66,00,000 divided into 6,60,000 equity shares of Rs. 10 each. Celliimune Biotech has had Nil Turnover.Concord Biotech acquired...

Indian Bank Revises Treasury Bills Linked Lending Rates Indian Bank announced a revision to its Treasury Bills Linked Lending Rates (TBLR), effective April 3, 2026, according to a regulatory filing. The Asset Liability Management Committee (ALCO) reviewed existing rates and implemented the changes.The revised TBLR rates are detailed in the table below:TenorExisting Rate (%)Revised Rate (%)<= 3 months5.35%5.30%>3 months &<=6 months5.50%5.50%>6 months &<=1 year5.60%5.60%>1 year &<= 3 Years5.60%5.60%The bank confirmed that its Marginal Cost of Funds based Lending Rate (MCLR), Base Rate, Benchmark Prime Lending Rate (BPLR), Policy Repo Rate, and Repo Linked Benchmark Lending Rates (RBLR) remain unchanged.Current rates...

Monarch Networth Capital Receives SEBI Approval for Mutual Fund Business Mumbai, April 2, 2026 – Monarch Networth Capital Limited (MNCL) has received final registration from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business through its subsidiary, Monarch Networth Asset Management Company. This approval marks a milestone in Monarch's development as a fully integrated financial services platform.The new mutual fund will operate under the name ‘Monarch Mutual Fund.’ Monarch Asset Management Private Limited, a wholly owned subsidiary of MNCL, has also received SEBI approval to act as the Asset Management Company (AMC) for ‘Monarch Mutual Fund.’India’s mutual fund industry has experienced significant...

Max Estates Limited Allots Shares Under Employee Stock Option Plan Max Estates Limited announced the allotment of 4,869 equity shares under its Max Estates Employee Stock Option Plan 2023. The allotment was approved by the Nomination and Remuneration Committee on April 2, 2026.The shares, each with a face value of INR 10, were allocated to option holders who exercised stock options under the ESOP Plan.Following the allotment, the company's paid-up equity share capital increased from INR 1,63,44,54,830 to INR 1,63,45,03,520. This is comprised of 16,34,50,352 equity shares of INR 10 each. The event occurred on April 2, 2026, at 13:23 hrs. (IST).Source:

RSWM Limited Receives Arbitration Award RSWM Limited announced on April 2, 2026, that it received an arbitration award from an Arbitral Tribunal on April 1, 2026, concerning payment of electricity power charges and interest receivable on Compulsory Convertible Debentures (CCDs) issued by LNJ Power Venture Limited.The award relates to two matters: a power purchase agreement (PPA) and the payment of interest on CCDs. The Arbitral Tribunal has awarded Rs. 17,67,58,854 with interest at 15% for the PPA matter. RSWM Limited stated that a provision for this liability was already accounted for, and there will be no impact on profitability.Regarding the interest on CCDs, the Arbitral Tribunal has determined that payment is not due until...

Sundaram Brake Linings Limited Reports Fire Incident at Plant II, Estimates ₹2.66 Crore Damage Sundaram Brake Linings Limited, a manufacturer of TVS brake linings and clutch facings, reported a fire incident at its Plant II in Kariapatti, Virudhunagar, Tamil Nadu, on Thursday, April 2, 2026, at approximately 5:25 A.M. IST.The company stated that the fire was contained promptly, and fortunately, there were no casualties or injuries. Operations at the affected plant will be temporarily suspended. The company is currently assessing the full extent of the damage, with initial estimates placing it at approximately ₹2.66 crores.Sundaram Brake Linings Limited confirmed that the assets at the affected plant are adequately insured, and the...

GPT Infraprojects Limited Receives Arbitration Award of Rs. 3.89 Crores GPT Infraprojects Limited announced on April 2, 2026, that an arbitration award has been declared in favor of GPT-SMC (JV). The award stems from arbitration proceedings held between GPT-SMC (JV) and the Kolkata Municipal Corporation (KMC).The arbitration, overseen by Sole Arbitrator Justice Retired Mr. Shahidullah Munshi, concluded with a ruling that GPT-SMC (JV) is entitled to receive Rs. 3.89 Crores from the KMC. This award relates to the Construction of Jetty and Raw Water Pumping Station at Ma-Er Ghat (Baghbazar) for the Dhapa Water Treatment Plant.The company stated that the settlement will have no negative impact on its financial position.Sl. No.Name of...

Supra Pacific Financial Services Ltd. Approves Issue of Non-Convertible Debentures Supra Pacific Financial Services Ltd. announced on April 2, 2026, that its Board of Directors approved the issuance of secured, unrated, unlisted, Non-convertible Debentures (NCDs) on a private placement basis. The company plans to issue 200,000 NCDs, aggregating to a total of ₹20,00,00,000.The NCDs will have a tenure of 2 years, with allotment expected within one month and maturity at the end of two years. Interest rates will vary, with a rate of 11.60% for 2 years paid monthly and 11.75% for 2 years paid yearly. Principal repayment will occur at the end of the two-year period. The NCDs will be secured by the company's current assets.Debenture...

5Paisa Capital Limited Receives Income Tax Order 5Paisa Capital Limited announced today, April 2, 2026, that it received an order from the Office of the Joint Commissioner of Income Tax (OSD), Central Circle - 4(4) in Mumbai. The order, dated March 30, 2026, concerns the disallowance of certain expenses under the applicable provisions of the Income Tax Act, 1961.The order involves a demand of ₹ 75,11,068. 5Paisa Capital Limited intends to file an appeal against the order within the prescribed statutory timelines.According to the company, there is no material impact on its financial, operational, or other activities at this stage. The company maintains complete records and supporting documentation and is confident in its ability to...

Indian Sucrose Ltd. Concludes Crushing Operations for Season 2025-2026 Indian Sucrose Ltd. announced the conclusion of its sugar crushing operations for the season 2025-2026. The company ceased crushing activities on Thursday, April 27, 2026, at 8:00 AM at its sugar factory located in G.T. Road, Mukerian, Hoshiarpur, Punjab, India.The announcement was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source:

Gillanders Arbuthnot & Company Ltd. Responds to Income Tax Department Notice Kolkata – April 2, 2026 – Gillanders Arbuthnot & Company Ltd. announced today that it received a Notice of Demand under Section 156 of the Income Tax Act, 1961, pertaining to assessment year 2017-18. The notice, received on March 27, 2026, specifies a sum of ₹ 1,24,85,560.According to the company, there is no anticipated material impact on its financial, operational, or other activities beyond the potential payment of the specified amount if the company's submissions are not accepted. The company intends to contest the demand before the relevant authority within the stipulated timeline.Gillanders Arbuthnot & Company Ltd. is currently evaluating the matter...

Emcure Pharmaceuticals Reduces Poviztra® Starting Dose Price by 55% to Expand Patient Access Pune, April 2, 2026: Emcure Pharmaceuticals Ltd. (BSE: 544210, NSE: EMCURE) announced a price revision for its weight management drug Poviztra® (semaglutide injection) across India, effective April 3, 2026. The reduced price starts at Rs. 3,999 per month for a 4-weekly dose regimen.Poviztra® is a second brand of Novo Nordisk's semaglutide injection for obesity, and Emcure is the exclusive distributor and commercializer in India. The company aims to expand access to the therapy with the revised pricing.The following table details the price changes:DosageOld Monthly Price (MRP incl. Taxes)Revised Monthly Price (MRP incl. Taxes)Poviztra®...

Transrail Lighting Ltd. Receives Warning Letters from Stock Exchanges Transrail Lighting Ltd. announced that it received warning letters from the Bombay Stock Exchange (BSE) and the National Stock Exchange (India) Limited (NSE) on April 1, 2026. The letters pertain to a disclosure made by the company on May 16, 2025, regarding the cessation of employment of Major Sukriti Shukla Retd.The exchanges noted that the initial disclosure stated Major Shukla was "no longer serving as Chief Human Resource Officer and Senior Management Personnel," instead of specifying "termination." Transrail Lighting Ltd. stated it intentionally avoided explicitly stating "termination" to prevent potential negative impacts on Major Shukla's professional...

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...