Markets

Punjab National Bank Announces Senior Management Changes Punjab National Bank announced changes to its senior management team, effective April 1, 2026. The changes, detailed in a communication to the National Stock Exchange of India Limited and BSE Limited, involve several shifts in leadership roles within the bank.Firoz Hasnain will transition from Chief General Manager, MSME & MCC Division, Head Office to Chief General Manager, MSME, MCC & Mid Corporate & Retail, Head Office. Sunil Kumar Goyal will move from Chief General Manager, DBTD, Head Office to Chief General Manager, Data Analytics & Strategic Innovation, Head Office. Sanjay Gupta will assume the role of Chief General Manager, Operations (ADC & Recon and Data Privacy &...

Atlanta Electricals Receives Approval for 400KV Transformer Manufacturing Anand, Gujarat, April 1, 2026 – Atlanta Electricals Limited (NSE, BSE: ATLANTAELE), a manufacturer of power transformers, announced it has received approval from Powergrid Corporation of India Ltd. (PGCIL) for up to 400 kV class transformer manufacturing at its Vadodara facility. The approval was secured within two years of groundbreaking for the facility.This approval validates Atlanta Electricals' commitment to entering the EHV class transformer supply market, contingent upon meeting qualifying requirements for 400KV transformers and completion of a short-circuit test. The PGCIL and National Accreditation Board for Testing and Calibration Laboratories (NABL)...

Emcure Pharmaceuticals Acquires and Amalgamates Cutimed Inc. Emcure Pharmaceuticals Limited announced on April 2, 2026, that its step-down subsidiary, Mantra Pharma Inc., has acquired 100% of the issued and outstanding shares of Cutimed Inc. Consequently, Cutimed has become a step-down wholly owned subsidiary of Emcure Pharmaceuticals. Following the acquisition, Cutimed has been amalgamated with Mantra, effective April 1, 2026 (EDT).Cutimed Inc., incorporated in Canada, is engaged in the cosmetics and personal care products sector, including dermatological creams and cleanser products. It operates primarily in the Canadian market. Cutimed's annual turnover for the last three financial years was approximately CAD$ 2.8 million in 2025...

VIP Industries Limited Faces Penalty from CGST and Central Excise Department VIP Industries Limited announced that the Assistant Commissioner, CGST and Central Excise, Nashik-I Division, Maharashtra, has imposed a penalty of Rs. 41,03,005/- (CGST+SGST) under Section 122 of the CGST Act, 2017.The penalty, received on March 31, 2026, relates to a demand for passing of Input Tax Credit (ITC) in contravention of the CGST Act and related rules.According to the company, the penalty is not expected to have a material impact on VIP Industries Limited's financial performance, operations, or other activities, aside from the aforementioned GST liability. The company intends to appeal the order through the appropriate appellate authorities...

V2 Retail Limited Reports Robust Q4 FY26 and FY26 Performance V2 Retail Limited announced a strong performance for the quarter and fiscal year ended March 31, 2026, marking a significant milestone in its transition to a national platform. The company highlighted accelerated network expansion and focused investments in operational transformation and customer-centric innovation.Q4 FY26 Performance Standalone revenue for Q4 FY26 reached ₹ 798 crore, a 59% increase compared to ₹ 499 crore in Q4 FY25. This growth was achieved on a high base, demonstrating the scalability of the company's value-fashion model.Key highlights for Q4 FY26 include:Same Store Sales Growth (SSSG): 7.74% Monthly Sales Per Square Feet (PSF): ₹ 794 Store...

Ador Welding Limited Receives Income Tax Demand Notice Ador Welding Limited announced today that it received a notice of demand dated March 31, 2026, from the Income Tax Department, Ministry of Finance, Government of India. The notice pertains to matters relating to assessment year 2023-24 and a sum of Rs. 13,68,80,598 has been determined to be payable by the company.According to the assessment order, the Income Tax Department has made additions of Rs. 5,23,35,382 to the company’s returned income. Ador Welding Limited disputes these additions and intends to pursue legal options, including an appeal before the National Faceless Appeal Centre and a rectification application. The company is also evaluating other legal options.The...

Acme Solar Holdings Limited Announces Phase Four Commissioning of Battery Energy Storage System Project Acme Solar Holdings Limited announced the commissioning of the fourth phase of its Battery Energy Storage System (BESS) project located in Rajasthan. The project, undertaken by the company’s wholly-owned subsidiary, ACME Sun Power Private Limited, has a total capacity of 300 MW/1409.34 MWh.The newly commissioned phase has a capacity of 33.333 MW/160.48 MWh. The commercial operation date for this phase is April 3, 2026.With the completion of phase four, ACME Sun Power Private Limited has reached a commissioned capacity of 133.336 MW/641.980 MWh out of the total project capacity. This follows prior updates on March 6, 2026, March...

Texmaco Rail & Engineering Receives Order Worth Rs. 41.47 Crores Texmaco Rail & Engineering Limited, an Adventz Group company, announced it has received an order from M/s. Sushila Transport Pvt. Ltd. The order, valued at Rs. 41.47 crores (excluding taxes), is for Auto Car Taller Wagon type ACT 1 and Brake Van Type BVCM with latest RDSO Drawings.The delivery of the rakes is scheduled to be completed by December 31, 2026. The order is considered domestic and does not involve any related-party transactions. Promoters, promoter groups, or group companies do not have any interest in Sushila Transport Pvt. Ltd.Here’s a summary of the order details:ParticularsDetailsName of entity awarding the order(s)/contract(s)M/s. Sushila...

Ashoka Buildcon Extends Completion Date for Subsidiary Stake Sales Ashoka Buildcon Limited announced an extension to the expected completion date for the sale of stakes in several of its subsidiaries and Ashoka Concessions Limited (ACL). The move follows agreements made with Epic Concesiones 2 Private Limited, Infrastructure Yield Plus II, and Infrastructure Yield Plus IIA, investment schemes managed by EAAA India Alternatives Limited.The company initially informed the market on December 31, 2024, regarding the agreements to sell the entire share capital and management control of Special Purpose Vehicles (SPVs) held by Ashoka Buildcon and ACL. These SPVs include Ashoka Kharar Ludhiana Road Limited, Ashoka Khairatunda Barwa Adda Road...

Latent View Analytics Subsidiary Makes Strategic Investment in Healtheon AI INC. LatentView Analytics Corporation, a wholly-owned subsidiary of Latent View Analytics Limited, executed a Simple Agreement for Future Equity Notes (SAFE Notes) on April 1, 2026, for a strategic investment of USD 3,000,000 in Healtheon AI INC., a Delaware corporation. Healtheon AI INC. specializes in Agentic-AI framework for Revenue Cycle Management (RCM) services for healthcare providers in the US.The investment aims to secure a cornerstone stake in a high-moat, AI-agentic framework targeting the Revenue Cycle Management sector.The SAFE investment is scheduled to be completed on or before April 7, 2026. According to the SAFE Agreement, LatentView...

Gaudium IVF Introduces AI-Led Infertility Treatment, Marking Industry First in India New Delhi, April 1, 2026 – Gaudium IVF, a leading fertility healthcare provider in India, has introduced an artificial intelligence (AI)-led infertility treatment, marking an industry first in the country. This development follows the company recently becoming India's first publicly listed IVF chain.The innovation involves integrating advanced AI-driven embryology systems, including SiD (Sperm Identification Device) and ERICA (Embryo Ranking Intelligent Classification Assistant), into routine clinical practice. Gaudium IVF collaborated with IVF 2.0, a UK-headquartered embryology innovation organization founded by Dr. Jacques Cohen and Dr. Alejandro...

Shriram Finance Ltd. Receives Reduction in Tax Penalties Shriram Finance Ltd. announced a reduction in tax penalties related to orders against its former entity, Shriram City Union Finance Limited, which was amalgamated with the company on April 1, 2022. The reductions stem from Rectification Orders received on March 30, 2026, from the Commercial Tax Officer, Chennai South, Tamil Nadu.The original penalty amounts, issued for the financial years 2018-19 and 2019-20, have been revised downwards. A summary of the changes is presented below:Financial YearOriginal Penalty AmountReduced Penalty Amount2018-19Tax Demand: ₹13,03,53,551/- Interest: ₹15,73,02,807/- Penalty: ₹13,03,53,551/-Tax Demand: ₹70,42,822/- Interest: ₹84,98,852/-...

Sanathan Textiles Completes Phase I Ramp-up at Punjab Facility Sanathan Textiles Limited announced the completion of Phase I ramp-up at its Punjab facility, operated through its wholly-owned subsidiary, Sanathan Polycot Private Limited. The facility, which commenced operations on August 27, 2025, initially had a capacity of 350 tonnes per day, with plans to reach 700 tonnes per day in a phased manner.The company reports that the plant is currently operating at approximately 96% of its installed capacity. Sanathan Textiles plans to advance its expansion roadmap, including progression towards Phase II, which is intended to further enhance polymerisation capacity.“We are proud to have achieved near-full utilization at our Punjab...

E Factor Experiences Limited Secures Order Worth Rs. 10.53 Crore E Factor Experiences Limited announced on April 1, 2026, that it has received a new order valued at Rs. 10,53,01,200 from the Indira Gandhi National Centre for the Arts.The order involves the development of a museum and statue of Ba- Bapu & 12 Balutedar at the Mahatma Gandhi Institute for Rural Industrialization in Wardha, Maharashtra. The project is expected to be completed within 180 days.Below is a summary of the order details:S. No.ParticularsRemarks1Name of the entity awarding the order/ contractIndira Gandhi National Centre for the Arts2Significant terms and conditions of order /contract awarded in briefDevelopment of Museum and Statue of Ba- Bapu & 12...

GHCL Textiles Limited Reorganizes Board Committees Following Director Changes GHCL Textiles Limited announced changes to the composition of its Board committees, effective April 1, 2026. The adjustments follow the departure of Independent Director Justice Ravindra Singh (Retd.) and the appointment of Alok Raj as a new Independent Director, approved by a special resolution on March 12, 2026.Here’s a breakdown of the reconstituted committees:Nomination & Remuneration Committee (NRC)S. No.Name of DirectorsPosition in the Committee1Mrs. Sudha PillaiChairperson2Mr. V K JeyakodiMember3Mr. Alok RajMember4Mr. Anurag DalmiaPermanent InviteeStakeholders Relationship Committee (SRC)S. No.Name of DirectorsPosition in the...

Ganesh Infraworld Limited Launches Equipment Leasing Division Ganesh Infraworld Limited announced the commencement of a new equipment leasing division on April 1, 2026. The division will focus on deploying high-value access and equipment assets to institutional and other customers on a long-term lease basis.The company is procuring a fleet of aerial work platform and allied equipment assets valued at Rs. 70,56,00,625, inclusive of applicable taxes, from M/s. Dingli AWP India Private Limited. This order includes boom lifts, scissor lifts, vertical lifts, and related mobile elevating work platforms.Ganesh Infraworld Limited has secured a leasing order aggregating to Rs. 35,74,88,748 for a period of 3 years. The company anticipates the...

Ganesh Infraworld Limited Launches Equipment Leasing Division, Secures Initial Order Ganesh Infraworld Limited has commenced its Equipment Leasing Division, marking a strategic expansion into providing high-value equipment assets on a long-term lease basis to institutional and other customers.The company is procuring a fleet of aerial work platforms and related equipment valued at Rs. 70,56,00,625/- (inclusive of applicable taxes) from Dingli AWP India Private Limited. The fleet will include boom lifts, scissor lifts, vertical lifts and mobile elevating work platforms.Ganesh Infraworld Limited has secured a leasing order of approximately Rs. 35,74,88,748/- for a period of 3 years related to these assets. This order signifies the...

Thinkink Picturez Ltd. to Consider Fundraising Options at Board Meeting Thinkink Picturez Ltd. announced it will hold a meeting of its Board of Directors on April 7, 2026, at the company’s registered office. The meeting’s agenda includes a discussion and consideration of fund raising options, potentially through equity, debt, or a hybrid instrument to meet increasing growth capital requirements.The company is located at 8/71 Anjali Bungalow, Jankidevi Public School Rd, SV Patel Nagar, Mhada, Andheri (W), Mumbai - 400053, Maharashtra. Contact information can be found at info@thinkinkpicturez.com and www.thinkinkpicturez.com.Vijay Ghanshyambhai Pujara, Managing Director, will preside over the meeting. His DIN is 08203972. The...

Ola Electric Reports Strong March Performance with Orders Surging Past 1,000 Units Daily Ola Electric announced a robust recovery in March 2026, with daily orders exceeding 1,000 units in the last week of the month and registrations more than doubling.Key Highlights of Ola Electric's March Performance Registrations increased by over 150% month-over-month (M-o-M) to 10,117 units, compared to 3,973 units in February, according to data from the Vehicle Application Network (VAHAN). The company also reported a V-shaped market share recovery throughout March.MetricFebruary 2026March 2026Registrations3,973 units10,117 unitsMonth-over-Month Growth->150%The improved performance is attributed to structural changes in service...

Solarium Green Energy Limited Receives ₹188.525 Crore EPC Order Ahmedabad – April 1, 2026 – Solarium Green Energy Limited has secured a Letter of Award (LOA) to execute End-to-End Engineering, Procurement, and Construction (EPC) works, alongside three years of Operation and Maintenance (O&M) services, for a 50 MWac Solar PV Power Project in Maharashtra. The project is being developed by Maharashtra State Power Generation Company Limited (MAHAGENCO).The total order value is approximately ₹188.525 Crore, exclusive of Goods and Services Tax (GST). This order is expected to strengthen the company's presence in the renewable energy sector and contribute to its revenue over the project’s execution period.The following table details key...