Markets

Cedaar Textile Limited Discloses Defaults on Loan Payments Cedaar Textile Limited announced on April 1, 2026, that it has defaulted on payments of interest and principal on loans from banks and financial institutions. The disclosures, made as of March 31, 2026, detail obligations related to loans, revolving facilities, and unlisted debt securities.Loan Defaults from Banks and Financial InstitutionsThe company reported a default of Rs. 5.08 crore on loans including revolving facilities like cash credit from banks/financial institutions. HDFC Bank is identified as the lender. The current default amount comprises a principal of Rs. 2.57 crore and interest of Rs. 2.50 crore.Details of the obligations are outlined below:Sr...

KRN Heat Exchanger and Refrigeration Limited Acquires Industrial Plot in Rajasthan KRN Heat Exchanger and Refrigeration Limited announced on April 1, 2026, that its wholly-owned subsidiary, KRN HVAC Products Private Limited, has entered into an agreement to purchase an industrial plot in Rajasthan. The plot is located within the Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) at Shahjahanpur, Distt. Alwar, Rajasthan, and measures 30,427.84 square meters.The purchase consideration for the industrial plot is Rs. 8,51,98,000. The seller is Shree Krishna Paper Mills & Industries Limited. According to the details released, no related-party relationships exist between the parties involved, and the transaction...

Lupin Ltd. Acquires Minority Stake in Multicare Pharmaceuticals Philippines, Inc. Lupin Ltd. announced on April 1, 2026, that its wholly owned subsidiary, Nanomi B.V., has entered into definitive agreements to acquire a minority stake in Multicare Pharmaceuticals Philippines, Inc. (MPPI). The acquisition involves 11,794,497 shares, representing 43.38% of MPPI’s total outstanding paid-up shares.MPPI, headquartered in the Philippines, is engaged in the trading, importing, marketing, and distribution of pharmaceutical products and medical devices. Nanomi currently holds 56.28% in MPPI. As of March 31, 2025, MPPI reported a turnover of PHP 2,096.6 million and a net worth of PHP 1,265.5 million.The acquisition is considered a related...

Arham Technologies Limited Secures Google EDLA Certification for STARSHINE IFPDs Powered by Android 14 Raipur, 1st April 2026: Arham Technologies Limited (NSE-SME: ARHAM) announced that its Interactive Flat Panel Displays (IFPDs), marketed under its STARSHINE brand, have received Enterprise Devices Licensing Agreement (EDLA) certification from Google and are now powered by the latest Android 14 operating system.This certification enables seamless integration with the Google ecosystem, including official access to Google Play Store, YouTube, Google Classroom, and other enterprise-grade applications, along with enhanced security, compliance, and regular software updates.The EDLA certification strengthens Arham Technologies' position...

Orient Green Power Company Ltd. Increases Stake in Delta Renewable Energy Chennai – April 1, 2026 – Orient Green Power Company Limited announced today that it has been allotted 233,333 equity shares in its subsidiary, Delta Renewable Energy Private Limited, as part of a preferential issue. The allotment, valued at Rs. 10 per share, represents 70% of the 333,333 shares offered in the tranche.The total consideration for the allotment was Rs. 23,33,330. Despite the additional investment, Orient Green Power Company Limited’s ownership stake in Delta Renewable Energy remains unchanged at 70%.Delta Renewable Energy Private Limited was incorporated on November 29, 2023. The company currently has a paid-up equity share capital of Rs...

Adani Enterprises Completes Composite Scheme of Arrangement, Effective April 1, 2026 Adani Enterprises Limited (AEL) announced that a composite scheme of arrangement involving Adani Green Technology Limited (AGTL), Adani Emerging Businesses Private Limited (AEBPL), Adani Tradecom Limited (ATL), Adani New Industries Limited (ANIL), and their respective shareholders became effective on April 1, 2026. The scheme was sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, on March 16, 2026.Under the terms of the scheme, AGTL and AEBPL have been amalgamated with AEL, while ATL has been amalgamated with ANIL. Consequently, AGTL, AEBPL, and ATL have been dissolved. April 1, 2026, also serves as the appointed date for the...

Waaree Energies Limited Receives Orders Regarding State Tax and GST Assessments Waaree Energies Limited (NSE: WAAREEENER, BSE: 544277) announced on April 1, 2026, that it received an order from the Joint Commissioner of State Tax, IV Bandra, Mumbai (Appellate Authority), regarding an appeal filed by the company against an audit for the financial years 2017-18 and 2018-19. The appellate order significantly reduced the total demand to ₹23,62,494 and ₹25,86,704, respectively, from the initial amounts of ₹6,95,25,249 and ₹6,02,70,052.Additionally, the Assistant Commissioner of State Tax, Maharashtra issued an assessment order under the Central Goods and Services Tax Act, 2017, the Maharashtra Goods & Services Tax Act, 2017, and the...

Prestige Group Secures Prime Land Parcel in Gurugram with ₹ 4,200 Crore GDV Potential Delhi, April 1, 2026: Prestige Estates Projects Limited, a leading real estate developer in India, has secured a prime land parcel in Sector 92, Gurugram, expanding its presence in the National Capital Region (NCR).The company entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel. The proposed development is expected to offer approximately 3 million square feet of saleable area, with a projected Gross Development Value (GDV) of ₹ 4,200 crore.Located in Sector 92, Gurugram, near the Dwarka Expressway, the project is positioned to benefit from improving infrastructure, enhanced connectivity to key business districts, and...

Barflex Polyfilms Limited to Acquire 100% of Rohit Poly Foams Private Limited Barflex Polyfilms Limited announced that its Board of Directors approved the acquisition of 100% of the equity shares of Rohit Poly Foams Private Limited at a meeting held on April 1, 2026. The acquisition will make Rohit Poly Foams Private Limited a wholly-owned subsidiary of Barflex Polyfilms Limited.The Board also appointed Mr. Jaiwant Bery and Mr. Krishan Mohan Pandey to the Board of Directors of Rohit Poly Foams Private Limited.Rohit Poly Foams Private Limited, incorporated on September 3, 2021, is based in Jaipur, Rajasthan. It carries on the business of manufacturing and dealing in plastic bags, polyurethane foam, polyethylene foam, and allied foam...

Osel Devices Limited Obtains FDA Registration for Hearing Aid Manufacturing Facility New Delhi, April 01, 2026 – Osel Devices Limited announced today that its hearing aid manufacturing facility in Greater Noida, Uttar Pradesh, India, has been registered with the United States Food and Drug Administration (FDA).The registration was confirmed by the U.S. Department of Health and Human Services through the FDA's Center for Devices and Radiological Health (CDRH), and the facility is now listed in the FDA Registration and Device Listing Database.Strategic Significance and Business Impact This development is expected to have a significant impact on Osel Devices Limited’s operations. The company anticipates entering the U.S. medical...

Indian Bank Reports Provisional Results for Fiscal Year 2026 Indian Bank announced provisional financial results for the period ending March 31, 2026, indicating a robust performance with significant year-over-year growth. The figures, released on April 1, 2026, reflect a positive trend in key business areas.Total business for the bank reached 14.98 lakh crore, marking a 13.1% year-over-year increase and a 4.8% sequential growth. Total deposits stood at 8.30 lakh crore, up 12.6% compared to the prior year and 4.9% quarter-over-quarter. Savings bank deposits rose to 2.68 lakh crore, a 10.3% year-over-year increase, while current account deposits reached 0.48 lakh crore, a substantial 20.0% increase annually and 14.3% sequentially. The...

TVS Motor Company Reports Record Sales in FY 2025-26 TVS Motor Company (TVSM) announced record sales for the fiscal year 2025-26, with total sales growing by 24% to 5.9 million units. The company's sales in March 2026 increased by 25%, with international business sales also growing by 25%.In March 2026, TVS Motor Company recorded monthly sales of 519,358 units, compared to 414,687 units in March 2025. Two-wheeler sales increased from 400,120 units in March 2025 to 498,134 units in March 2026, a 25% growth. Motorcycle sales registered an 18% increase, rising from 196,734 units to 232,788 units. Scooter sales grew by 31%, increasing from 166,297 units to 217,624 units.The company's electric vehicle sales saw a substantial increase of...

Popular Vehicles & Services Expands Jaguar Land Rover Presence with New Facility in Nagpur Popular Vehicles & Services Limited (NSE: PVSL, BSE: 544144) announced the commencement of operations for a new state-of-the-art 3S facility (Showroom, Workshop, and Pre-owned Car Section) for Jaguar Land Rover (JLR) vehicles in Nagpur, Maharashtra, effective April 1, 2026. The facility, operated by the company’s wholly owned subsidiary, Popular Autoworks Private Limited, is located at MIDC, Hingna Road, Nagpur.The investment in the new facility amounts to approximately ₹15 crore. The Nagpur facility incorporates a premium showroom, a fully equipped workshop with 8 service bays capable of servicing approximately 50 vehicles per month, and a...

Dev Information Technology Limited to Transfer ByteSIGNER and Talligence to Byte Technosys Private Limited Mumbai – April 01, 2026 – Dev Information Technology Limited (DEV IT) (NSE - DEVIT, BSE - 543462 | INE060X01034), a global IT services company, announced that its Board of Directors has approved the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited, an associate company.Transaction Details The transaction involves a cash consideration of ₹ 11.90 Crore and is structured as a standalone slump sale. Completion is expected on or before September 30, 2026. The transaction qualifies as a related party transaction and is being executed on an arm's length basis, supported by an independent...

Richa Info Systems Limited Receives Purchase Order Valued Over ₹5.23 Crore Richa Info Systems Limited announced the receipt of a purchase order from INDKAL TECHNOLOGIES PVT LTD, dated March 31, 2026. The order, received via mail on the same date, is valued at ₹5,23,90,000.97 (including GST).The purchase order is for Interactive Flat Panel Displays, Google TVs, and Sinage A frames. The company is expected to complete the order within 15 days from the date of the purchase order.According to company disclosures, neither the promoter group nor group companies have any interest in INDKAL TECHNOLOGIES PVT LTD. The transaction does not constitute a related party transaction.Details of the purchase order are presented below:Sr...

The South Indian Bank Reports Business Updates for Fiscal Year 2026 The South Indian Bank Limited announced business updates for the financial year ended March 31, 2026, detailing key performance indicators. The provisional financial data, presented below, reveals growth across several areas.According to the released information, Gross Advances reached 101,295 Crore as of March 31, 2026, a 15.66% year-over-year increase from 87,579 Crore in the prior year. Total Deposits also increased, reaching 123,346 Crore, up 14.71% from 107,526 Crore.The bank experienced significant growth in its CASA (Current Account, Savings Account) base, which stood at 39,621 Crore as of March 31, 2026, representing a 17.47% rise. The CASA ratio improved to...

Zuari Industries' SPE Division Records Highest-Ever Sugarcane Crushing in FY26 Delhi NCR | 1 April 2026The SPE Division of Zuari Industries Limited (ZIL) achieved a record sugarcane crushing of 159.7 lakh quintals in fiscal year 2026, surpassing its previous record of 157.2 lakh quintals in fiscal year 2025.Improved efficiency, higher capacity utilization, increased cane availability, and an early start to the crushing cycle contributed to the strong performance.“This milestone reflects consistent improvement in our operations and the discipline we are building across the SPE Division. Our focus is on sustaining this performance and strengthening execution,” said Mr. Athar Shahab, Managing Director, Zuari Industries Limited.Mr...

Emami Ltd. Acquires Significant Stake in Axiom Ayurveda Kolkata – April 1, 2026 – Emami Limited announced today that it has entered into a Share Purchase Agreement (SPA) to acquire approximately 73.5% of the paid-up capital of Axiom Ayurveda Private Limited (AAPL). This acquisition builds upon Emami’s existing 26.5% stake in the associate company.As part of the initial transaction phase, Emami has acquired 8,430,909 equity shares, representing approximately 36.7% of AAPL. This acquisition finalized on April 1, 2026, making AAPL a subsidiary of Emami Limited. The remaining stake of 8,430,909 equity shares is expected to be acquired by June 2026, in accordance with the terms outlined in the SPA.Source:

Ascensive Educare Ltd. Receives Work Order from Meghalaya State Skill Development Society Kolkata, West Bengal, April 1, 2026 – Ascensive Educare Ltd. announced today that it has been awarded a work order from the Meghalaya State Skill Development Society (M.S.S.D.S) to provide training to 2,005 candidates across 16 trades.The total revenue expected from this work order is INR 5,56,99,875, which will be generated according to the Common Cost Norms. The work order is slated for execution during the financial year 2026-2027.According to details released, the order is for multiple skill development and training programs. No promoter, promoter group, or group companies have any interest in the Meghalaya State Skill Development Society...

Leela Palaces Hotels & Resorts Limited Receives Order from Central GST Range Leela Palaces Hotels & Resorts Limited announced on April 1, 2026, that its material subsidiary, Tulsi Palace Resort Private Limited (TPRPL), received an order from the Office of the Superintendent, Central GST Range-XXII, Jaipur. The order confirms a Goods and Services Tax (GST) demand of INR 13,17,995, along with interest and penalty.According to the order, the action was taken alleging that endorsement from the specified officer of the Special Economic Zone (SEZ) is required to evidence receipt of services by the SEZ unit for its authorized operations.The company reported that the order is not expected to have a material impact on the financial...