Markets

BLT Logistics Ltd. Establishes Wholly-Owned Subsidiary in Dubai, UAE BLT Logistics Limited announced the registration of a wholly-owned subsidiary, BLT International Logistics FZ-LLC, in the RAKEZ Free Zone, Dubai, UAE, on March 31, 2026.The subsidiary, BLT International Logistics FZ-LLC, is registered with License Number 4703 1369 and has a stated turnover of NIL as it has yet to commence business operations. The company’s primary business activities will focus on consultancy and related services.The investment represents a cash consideration of AED 5,000,000, divided into 500 shares valued at AED 1,000 each. BLT Logistics Limited will hold 100% ownership in the newly formed subsidiary.As a wholly-owned subsidiary, BLT...

Glenmark Pharmaceuticals to Directly Commercialize RYALTRIS® in the U.S. Elmwood Park, New Jersey, April 01, 2026 – Glenmark Pharmaceuticals Inc., USA (Glenmark) announced it will manage end-to-end commercialization and distribution for RYALTRIS® (Olopatadine Hydrochloride and Mometasone Furoate) Nasal Spray, 665 mcg/25 mcg* per spray in the United States, effective April 1, 2026.This marks a step in Glenmark’s expansion in the region with a focus on building a direct commercial presence in the U.S. RYALTRIS® is Glenmark’s first innovative product introduced into the U.S. market and was initially launched in the United States in 2022. It is approved by the U.S. Food and Drug Administration (U.S. FDA) for treating Seasonal Allergic...

Karur Vysya Bank Reports 14.92% Growth in Total Business for Fiscal Year 2026 Karur Vysya Bank Ltd. announced provisional financial figures for the period ending March 31, 2026, indicating a significant increase in key business metrics. Total business for the year reached ₹2,14,409 crore, reflecting a year-on-year growth of 14.92% compared to ₹1,86,569 crore in the previous fiscal year.The bank’s advances portfolio grew to ₹98,743 crore, a 16.87% increase year-on-year. Total deposits reached ₹1,15,666 crore, up 13.31% compared to the previous year. Excluding certificates of deposit, total deposits amounted to ₹1,09,868 crore, exhibiting a 12.33% year-on-year growth.A detailed breakdown of the financial performance is presented...

Rushil Decor Ltd. to Upgrade Manufacturing Unit, Announces Temporary Shutdown Rushil Decor Ltd. announced technological upgrades at its laminate sheet manufacturing unit in Mansa, Gujarat, beginning April 1, 2026. The company is transitioning from a steam boiler system to a Thermic Fluid Heater system, currently used for one of its press machines, to serve all three presses.The upgrade is expected to improve fuel efficiency, reduce water consumption, and enhance overall plant efficiency. The new system will also incorporate automation through auto-feeding mechanisms, enhancing operational safety and reducing manpower dependency. It is anticipated to improve the quality and productivity of final products.The technological upgrade...

Tamilnad Mercantile Bank Reports Strong Business Growth in Fiscal Year 2026 Tamilnad Mercantile Bank Limited announced provisional business figures for the quarter and year ended March 31, 2026, reflecting robust growth across key areas. The bank’s total business reached ₹1,15,092 crore as of March 31, 2026, representing a 17.37% year-over-year increase compared to ₹98,055 crore in the previous fiscal year.Total advances for the bank amounted to ₹53,380 crore, a 20.32% increase year-over-year. Deposits rose to ₹61,712 crore, marking a 14.94% year-over-year gain. The bank’s CASA (Current Account Savings Account) balance reached ₹17,365 crore, reflecting a 22.35% year-over-year growth.ParticularsAs of 31.03.2025As of 31.03.2026...

JK Lakshmi Cement Limited Receives Order Regarding Goods and Services Tax JK Lakshmi Cement Limited announced it received an order from the Office of Additional Commissioner, Goods and Services Tax (GST) Department in Rajasthan on March 31, 2026.The order follows a Show Cause Notice issued on September 18, 2025, alleging wrongful availment of Input Tax Credit (ITC) between April 2019 and March 2023. After adjudication, the GST Department dropped a significant portion of the demand, amounting to ₹252.32 lakh. However, a demand of ₹11.52 lakh, along with an equivalent penalty, was upheld.The company has initiated the process of filing an appeal against the disallowance of ₹11.52 lakh. The incident involved the GST Department...

Justo Realfintech Launches Chestertons India, Entering Institutional Real Estate Advisory Mumbai, April 1, 2026 – Justo Realfintech Limited announced the incorporation of Chestertons India Private Limited as its wholly owned subsidiary and the execution of a brand usage and business rights arrangement with Chestertons Global Network. This marks the company’s entry into institutional real estate advisory services. Commercial operations are expected to begin in Q1 FY27.Chestertons, established in London in 1805, operates in over twenty countries and offers advisory services across residential and commercial property, capital markets, leasing, valuation, and cross-border transactions. Chestertons India Private Limited will exclusively...

Lupin Limited Completes Acquisition of VISUfarma B.V. Lupin Limited announced the completion of its acquisition of VISUfarma B.V., a company based in the Netherlands, effective April 1, 2026. Nanomi B.V., a wholly-owned subsidiary of Lupin, finalized the acquisition after fulfilling customary closing conditions. As a result of this acquisition, VISUfarma B.V. and its wholly-owned subsidiaries are now wholly-owned subsidiaries of Nanomi B.V.Previously, Lupin had disclosed details of the acquisition on September 29, 2025, December 30, 2025, and February 27, 2026, in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source:

SJVN Reports Record Energy Generation in FY 2025-26 SJVN Limited announced record energy generation figures for the fiscal year 2025-26, with its operational power stations generating a total of 13,302 million units. The announcement was made by Sh. Bhupender Gupta, Chairman & Managing Director (CMD) of SJVN.The 1500 MW Nathpa Jhakri Hydro Power Station achieved its second-highest annual energy generation, producing 7,506.617 million units and surpassing 150 billion units of cumulative power generation in March 2026. The 412 MW Rampur Hydro Power Station reached a record 2,108.034 million units, the first time exceeding 2,100 million units in its eleven-year operational history. The 60 MW Naitwar Mori Hydro Power Station generated...

Loyal Equipments Ltd. Receives Rs. 6.54 Crore Order from Burckhardt Compression (India) Pvt. Ltd. Loyal Equipments Ltd. announced on April 1, 2026, that it has received a purchase order from Burckhardt Compression (India) Pvt. Ltd. for the supply of Compressor Skid Packages.The order, valued at Rs. 6.54 Crores (Total Order Value Including GST), is to be executed within 7 months.The contract was awarded by a domestic entity and does not involve any related party transactions. Promoters, promoter groups, or group companies have no interest in Burckhardt Compression (India) Pvt. Ltd.Order DetailsParticularsDetailsEntity Awarding OrderBurckhardt Compression (India) Pvt. Ltd Pune, Maharashtra.Type of OrderCompressor Skid...

Flomic Global Logistics Ltd. Provides Company Overview, Highlights Q3 FY26 Performance Flomic Global Logistics Ltd., an integrated, asset-light logistics solutions provider, announced the release of a company overview document detailing its services and performance. The document, shared with investors and analysts, highlights the company's comprehensive supply chain services across both domestic and international markets.Flomic Global Logistics Ltd. offers a range of services including ocean and air freight, domestic transportation (air, rail, and road), warehousing and integrated supply chain solutions, exhibition and event logistics, and customs broking. They also handle specialized cargo such as break bulk, oversized and overweight...

Bansal Wire Industries Reports Record Sales Volume in FY26 Delhi, April 1, 2026: Bansal Wire Industries Limited, a leading steel wire manufacturer in Asia by volume, announced its sales volume performance for the quarter and fiscal year ended March 31, 2026. The company achieved a total sales volume of 4,58,054 metric tons (MT) for the fiscal year, a 32.88% year-over-year increase compared to 3,44,710 MT in the previous fiscal year.In the fourth quarter of fiscal year 2026, Bansal Wire registered a sales volume of 1,17,644 MT, compared to 97,821 MT in the fourth quarter of fiscal year 2025. The company noted that while the previous quarter represented its highest ever sales volume, ongoing geopolitical tensions in the West Asian...

Everest Industries Delays Steel Building Facility Launch to Fiscal Year 2026-27 Everest Industries Limited has announced a deferral of the planned manufacturing facility for its Steel Building Division. The facility, initially slated to be established in R. Ananthpuram, Andhra Pradesh, through the company’s wholly-owned subsidiary, Everest Steel Building Private Limited, is now expected to commence operations in Financial Year 2026-27.The delay follows a re-evaluation of the project and ongoing discussions with the Andhra Pradesh Industrial Infrastructure Development Corporation Ltd (APIIDC). The company previously provided an update on the facility’s development on March 21, 2025.Source:

Hero MotoCorp Records 24% Dispatch Growth in Q4 2026, Closes FY 2026 with 10% Volume Growth Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, reported a strong performance in March 2026, with dispatches of 598,198 units compared to 549,604 units in the same period last year. Retail performance also remained robust during the month, with 542,436* VAHAN registrations indicating a growth of approximately 24%. The data is based on VAHAN registrations excluding Telangana, as of April 1, 2026.The company noted demand led by the 100-125cc segment, with double-digit growth in the scooter segment. This performance was supported by a strengthened product portfolio and scale-up of the Glamour and Xtreme range of...

Indian Oil Corporation Reports Record Operational Performance in 2025-26 Indian Oil Corporation Ltd. announced provisional operational performance highlights for the fiscal year 2025-26.Refineries achieved a record crude throughput of 75.4 million metric tonnes (MMT), demonstrating an operational reliability of 99.5%. Pipeline throughput also reached a record high of 105.3 MMT.The company reported a consolidated sales volume of 104.4 MMT of petroleum products, a 4% increase compared to the 100.3 MMT sold in the previous year.Indian Oil Corporation commissioned a record 909 retail outlets, resulting in a positive market share across 9 of the top 10 National Highways.The lubricants business achieved record sales of 855 thousand...

Sathlokhar Synergys E&C Global Limited Reports Over 100% Growth in Turnover Sathlokhar Synergys E&C Global Limited announced a significant increase in turnover for the twelve-month period ended March 31, 2026, reporting growth exceeding 100% compared to the previous financial year. The company attributes this performance to robust execution across infrastructure and solar EPC projects, improved project progress, and disciplined billing and collection processes.The company's firm order book, as of January 1, 2026, stands at ₹991.39 Crores (USD 106 Million), providing revenue visibility within 4 to 8 months. Sathlokhar Synergys E&C Global Limited anticipates securing additional orders exceeding ₹500 Crores, further bolstering its growth...

NMDC Limited Reports Production and Sales Figures for March 2026 NMDC Limited, a government of India enterprise, announced its provisional production and sales data for iron ore for the month of March 2026 and the cumulative period up to March 2026.The company’s Chhattisgarh sector produced 4.01 million metric tons (MT) in March 2026, compared to 2.49 MT in March 2025. Sales from the Chhattisgarh sector reached 4.25 MT in March 2026, up from 2.72 MT in the corresponding period last year. Cumulative production for Chhattisgarh reached 37.52 MT for the fiscal year ending March 2026, compared to 30.01 MT in the previous fiscal year. Cumulative sales totaled 34.67 MT, compared to 30.81 MT a year prior.The Karnataka sector’s production...

Puravankara Limited Receives Income Tax Demand Notices Puravankara Limited announced on April 1, 2026, that it received demand notices from the Deputy Commissioner of Income Tax, Central Circle -1(2), Bengaluru. The notices pertain to Assessment Year 2016-17 and Assessment Year 2017-18.The company received a demand notice of ₹39.34 Crores related to Assessment Year 2016-17, stemming from disallowance of certain expenses and additions on a notional basis. A separate demand notice of ₹12.53 Crores was received for Assessment Year 2017-18, related to disallowance of expenses and denial of indexation for the cost of acquisition of shares.Puravankara Limited is appealing the orders before the Commissioner of Income Tax (Appeals). The...

Eicher Motors Reports Record Annual Sales for Royal Enfield, Announces Manufacturing Capacity Expansion Chennai: April 1, 2026 – Eicher Motors Ltd. announced that Royal Enfield, its motorcycle division, achieved a record-breaking performance with annual sales surpassing 1.2 million units in the financial year ending March 31, 2026. This marks the second consecutive year the company has crossed the 1 million annual sales threshold.March 2026 sales rose 11% over the corresponding month (March 2025) to 1,12,334 units, allowing the company to close FY'26 at 12,38,659 units, up 23% from FY 2024-25. Domestic sales in this financial year grew 23% to 11,07,343 units while exports rose 23% to 1,31,316 units.The sales data for March 2026...

Bharat Seats Limited Receives Appellate Orders from Income Tax Department Bharat Seats Limited announced it received appellate orders from the Income Tax Department, Office of the Commissioner of Income Tax(Appeals), Delhi. The orders pertain to assessment years 2014-15, 2015-16, 2016-17, and 2017-18. The orders were received on March 31, 2026, and dated March 30, 2026.The company had previously disclosed outstanding demands related to assessment orders under sections 147/143(3) of the Income Tax Act. As of June 28, 2024, and April 1, 2025, the total outstanding demand was Rs. 22.43 crores. Of this, a demand of Rs. 7.86 crores for assessment years 2014-15 to 2017-18 will be reduced to Nil following the appellate orders. Appeals...