Markets

Canara Bank Discloses Promoter Shareholding Details Canara Bank announced on April 1, 2026, that the promoter of the bank is the President of India. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.According to the filing, the promoter, along with persons acting in concert, did not create any encumbrances, directly or indirectly, during the financial year 2025-26.As of March 31, 2026, the government of India, represented by the President of India, held 5,70,85,48,390 shares in Canara Bank, representing 62.93% of the total share/voting capital. This figure also applies to the total diluted share/voting capital of the bank.Shareholding Details The following table...

Hindustan Foods Limited Announces Scheme of Arrangement Effective Hindustan Foods Limited, a Vanity Case Group company, announced that a Scheme of Arrangement between Avalon Cosmetics Private Limited, Vanity Case India Private Limited, and Hindustan Foods Limited has become effective. The scheme was finalized with the filing of Form INC-28 with the Registrar of Companies, Mumbai, Maharashtra, as of the closing of business hours on March 31, 2026.The Scheme involves the demerger of the Contract Manufacturing (Nashik) Business of Avalon Cosmetics Private Limited into Hindustan Foods Limited, with an effective date of the opening of business hours on April 1, 2024. Additionally, the amalgamation of Vanity Case India Private Limited with...

Sri Lotus Developers and Realty Ltd. Grants Employee Stock Options Sri Lotus Developers and Realty Limited announced on Wednesday, April 1, 2026, that its Nomination and Remuneration Committee approved the grant of 12,06,500 stock options to eligible employees under the Sri Lotus Developers Employee Stock Option Scheme 2024.Each option is convertible into one fully paid-up equity share with a face value of Re. 1. The exercise price per option is set at Rs. 75. Options will begin vesting after a period of one year from the date of grant and may be exercised within five years from the vesting date.According to details released, the scheme complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Shares...

Marksans Pharma Receives USFDA Approval for Benzonatate Capsules Marksans Pharma Limited (Reuters: MARK.BO; Bloomberg: MRKS IN; NSE: MARKSANS; BSE: 524404) announced the final approval of its Abbreviated New Drug Application (ANDA) for Benzonatate Capsules USP, 100 mg & 200 mg (Rx) from the US Food and Drug Administration (USFDA).The approved product is bioequivalent and therapeutically equivalent to Tessalon Capsules, 100 mg and 200 mg, manufactured by Pfizer Inc. Benzonatate is a non-narcotic antitussive used to relieve persistent cough associated with bronchitis, pneumonia, or other lung infections.Marksans Pharma Limited, headquartered in Mumbai, India, is engaged in the research, manufacturing, and marketing of generic...

Baazar Style Retail Ltd. Closes Store in Odisha Baazar Style Retail Ltd. announced the closure of one store in Brahmapur, Odisha, effective April 1, 2026.The company’s total store count now stands at 262.MetricValueDate of ClosureApril 1, 2026Location of ClosureBrahmapur, OdishaTotal Number of Stores262Source:

ITC Limited Acquires Control of Sproutlife Foods Private Limited ITC Limited announced on April 1, 2026, that it has acquired the right to nominate the majority of directors on the board of Sproutlife Foods Private Limited ('Sproutlife'). This development results in Sproutlife becoming a subsidiary of ITC Limited, effective April 1, 2026.Sproutlife, incorporated on February 13, 2015, is engaged in the manufacturing and sale of food products under the ‘Yoga Bar’ trademark. The company operates as a digital-first brand with a significant online sales presence (direct-to-consumer and e-commerce platforms), alongside a growing offline retail presence.The acquisition aligns with ITC's strategy to expand its portfolio in the foods...

Bharatam Ventures Limited Announces Sale of Subsidiary Exuberant Systems Private Limited Mumbai, India – April 1, 2026 – Bharatam Ventures Limited (formerly Pet Plastics Limited) announced today that it has entered into a Share Purchase Agreement with ANS Buggy LLP for the transfer of its entire equity stake in its subsidiary, Exuberant Systems Private Limited ('ESPL').The transaction, finalized on March 31, 2026, will result in ESPL ceasing to be a subsidiary of Bharatam Ventures Limited. The total consideration for the sale is Rs. 4,68,24,000.ANS Buggy LLP, located in Pune, Maharashtra, is the buyer in this transaction. The buyer is not affiliated with Bharatam Ventures Limited as a promoter. The transaction is not considered a...

Atul Auto Ltd. Reports Sales Growth in March 2026 Atul Auto Ltd. announced sales performance figures for March 2026, demonstrating overall growth compared to the previous year. Domestic sales of three-wheeler IC Engine vehicles remained relatively stable, with 2,705 units sold in March 2026 compared to 2,708 in March 2025, a change of -0.11%. Year-to-date, sales for this category reached 25,038 units, a 12.84% increase compared to 22,188 units in the previous year.Electric vehicle (EV) sales for the month totaled 699 units, representing a 2.34% increase compared to 683 units sold in March 2025. Year-to-date, EV sales amounted to 7,885 units, down 8.19% from 8,588 in the prior year.Total domestic sales for March 2026 were 3,404...

Aeroflex Industries Increases Liquid Cooling Capacity, Commences Production Aeroflex Industries Limited announced an expansion of its liquid cooling SFN skid assembly production capacity, effective April 1, 2026. The company has increased its annual production capacity from 2,000 pieces to 6,000 pieces.The company anticipates further increasing its capacity to 15,000 pieces per year, with completion expected in June/July 2026. Aeroflex Industries' SFN skid assemblies have been successfully installed in multiple data centers. During the fourth quarter of fiscal year 2025-26, the company sold 571 pieces of SFN skid assemblies.Source:

MIC Electronics Ltd. Receives Order from Indian Railways MIC Electronics Limited announced on April 1, 2026, that it has received a Letter of Acceptance from Sambalpur Division, East Coast Railway Zone of Indian Railways. The order is for the provision of CIB and TIB systems.The value of the order is Rs. 2,12,68,360.23. The order is expected to be executed within 6 months.According to the company, no promoter, promoter group, or group companies have any interest in the entity that awarded the order. The order does not constitute a related party transaction. The order was awarded through a tender process.Order DetailsDetailInformationEntity Awarding OrderSambalpur Division, East Coast Railway Zone of Indian RailwaysOrder...

Bharat Petroleum Corporation Limited Announces Senior Management Appointments Bharat Petroleum Corporation Limited (BPCL) has announced several appointments to its senior management team, effective April 1, 2026. The changes, which affect various departments within the company, were made public today.The newly appointed senior leaders and their respective roles are detailed below:Sr. No.NameDesignation1Shri B. L. NewalkarHead (R&D)2Shri Kamal KantChief General Manager (ITRM)3Shri Mahendra Kumar K.Chief General Manager (HRD)4Shri V. R. SudhakarGeneral Manager Sports &ESE (ESE)5Shri Ashish GoyalChief General Manager (Corporate Treasury)6Shri Kunwar Ajit Mohan SinghHead (Legal)Shri V. R. Sudhakar's appointment...

Beacon Trusteeship Limited Announces Change in Subsidiary Status of Beacon Investor Holdings Private Limited Beacon Trusteeship Limited announced on April 1, 2026, a change in the status of Beacon Investor Holdings Private Limited (BIHPL), a former wholly-owned subsidiary. This change stems from a recent share allotment within BIHPL.On March 31, 2026, BIHPL allotted 12,222,222 equity shares with a face value of ₹10 each, issued at par, via a private placement. The total consideration for this allotment was ₹1,22,22,220.As a result of this allotment, BIHPL is no longer considered a wholly-owned subsidiary of Beacon Trusteeship Limited, and has transitioned into a subsidiary of the company. The Company’s shareholding in BIHPL remains...

Shelter Pharma Launches FitKick Pro, Now Available in the Market Shelter Pharma Limited announced the commercial availability of its new product, FitKick Pro, effective March 30, 2026. The company had previously indicated a product launch on February 2, 2026.FitKick Pro is now accessible through online platforms, including Amazon, and caters to the domestic market. The company may consider international market opportunities in the future.Product DetailsSr. No.ParticularsDetails1Name of the productFitKick Pro2Date product available30-March-263Product CategoryImproved Endurance, Enhanced Focus, Muscle Pump, Delicious Flavors4Event DetailsFebruary 2, 2026, initial indication. Commercial availability began March 30...

Lloyds Metals and Energy Limited Reports Record Operational Performance in FY26 Mumbai, April 1, 2026 – Lloyds Metals and Energy Limited announced its operational performance for Fiscal Year 2026, highlighting record production across key segments.Iron ore output for FY26 reached 21.96 million tonnes, a 120% increase year-over-year. Q4 FY26 volumes totaled 9.1 million tonnes, representing a 529% YoY increase. The company plans to produce 26 MT of iron ore in FY27.DRI production increased to 484,000 tonnes, up 57% YoY. The company commissioned a new 360,000-tonne-per-annum DRI facility in Q2 FY26. Pellet production totaled 3.03 million tonnes, achieving an annual capacity utilization of 100%.The provisional production figures for...

JK Tyre Receives Demand Order Under CGST Act JK Tyre & Industries Limited announced today, April 1, 2026, that it has received a Demand Order dated March 30, 2026, from the Assistant Commissioner, Delhi South Commissionerate, Division-Okhla, Delhi, under Section 74 of the Central Goods and Service Tax Act, 2017.The Order-in-Original pertains to the financial year 2019-20 and alleges wrongful availment of Input Tax Credit (ITC). As a result of the order, JK Tyre faces a demand for tax of Rs. 69,36,972, along with an equivalent penalty of Rs. 69,36,972 and applicable interest. The reasons cited in the order include discrepancies in Input Service Distributor (ISD) credit and mismatches in ITC claimed across different financial years, as...

Titan Company Ltd. Receives Ratings Update from ICRA Ltd. Titan Company Ltd. announced today, April 1, 2026, ratings from ICRA Ltd. as of March 31, 2026. The ratings pertain to various instruments totaling Rs. 21,950 crore.ICRA reaffirmed the rating of [ICRA]AAA (Stable) for the company's fixed deposit programme of Rs. 6,200 crore. The rating agency also reaffirmed [ICRA]AAA (Stable) and assigned [ICRA]A1+ for the fund-based and non-fund based working capital facilities, increasing the sanctioned amount from Rs. 7,305 crore to Rs. 14,750 crore. Additionally, ICRA reaffirmed [ICRA]AAA (Stable) for the company's term loans amounting to Rs. 1,000 crore.A summary of the ratings is presented below:InstrumentRated Amount (Rs...

Biogen Pharmachem Industries Ltd. Sets Record Date for Bonus Share Issue Biogen Pharmachem Industries Ltd. has announced a record date of Friday, May 15, 2026, for determining eligibility for a bonus share issue. The bonus share allocation will be in a ratio of 1:6, meaning shareholders will receive one new equity share for every six shares held.The new equity shares will have a face value of Rs. 1 each. The bonus share issue is subject to shareholder approval, which will be obtained through a postal ballot including e-voting, in accordance with applicable laws and regulations.The company's scrip code on the BSE is 531752, and the scrip ID is BIOGEN.Source:

Intellect Design Arena’s Purple Fabric Accounts Payable Modernizes Logistics Leader’s Operations Mumbai (India), 1st April 2026 – Intellect Design Arena Ltd. announced that a global end-to-end supply chain logistics company, headquartered in the Middle East and operating in India, has selected Purple Fabric Accounts Payable to modernize and scale its accounts payable operations. The logistics leader handles over 90 million container shipments annually.The implementation of Purple Fabric Accounts Payable across the logistics company's SCO entities replaces manual workflows with an AI and LLM-led framework. The solution delivers 99% extraction accuracy and 80% automated processing, aiming to create a scalable foundation to handle demand...

Gravity India Ltd. Announces Rights Issue Terms Gravity India Ltd. announced on Wednesday, April 1, 2026, that its Rights Issue Committee has approved the terms of a rights issue aimed at raising up to Rs. 70,00,00,000.The company plans to issue 6,90,14,950 fully paid-up Equity Shares with a face value of Rs. 10.00 per share, at an issue price of Rs. 10.00 per share, for a total amount of Rs. 69,01,49,500.Shareholders will be entitled to a right issue ratio of 23 equity shares for every 3 equity shares held as of the record date. The record date for determining eligible shareholders has been fixed as Wednesday, April 8, 2026.The rights issue period will open on Monday, April 27, 2026, and close on Monday, May 25, 2026. The last...

Bajaj Electricals Receives Assessment Order from Madhya Pradesh Tax Authority Bajaj Electricals Limited announced today, April 1, 2026, that it has received an Assessment Order from the Office of the Deputy Commissioner of State Tax in Indore, Madhya Pradesh. The order, dated March 31, 2026, pertains to an alleged mismatch of Input Tax Credit for the financial year 2019-20.The GST Authority has raised a gross demand of Rs. 5.75 crore, including a penalty of Rs. 1.88 crore. The company is currently evaluating legal options, including filing an appeal against the order.According to Bajaj Electricals, the financial impact would be limited to the extent of the demand raised and penalty levied. The order is not expected to impact the...