Markets

Bombay High Court Issues Warrant Against Libas Consumer Products Director The Bombay High Court has directed the issuance of a Bon-Bailable Warrant against Mr. Riyaz Ganji, Promoter and Managing Director of Libas Consumer Products Limited. This action stems from the company's announcement dated August 16, 2021, concerning the matter involving G S Majestic Developers Pvt. Ltd. and Libas Consumer Products Limited.The warrant was issued because of Mr. Ganji's non-appearance during the hearing held on April 2, 2026. The court has subsequently ordered Mr. Ganji to present himself at the next hearing scheduled for April 27, 2026.LIBAS Stock Price Movement As of 2:09 PM, shares of Libas Consumer Products Limited are slipping by 0.99%...

REC Limited Welcomes New Nominee Director on Board REC Limited announced an addition to its board of directors with the nomination of Shri Rajiv Ranjan Jha, Director (Projects) of Power Finance Corporation Limited (PFC).The appointment was made based on the provisions of the Share Purchase Agreement dated March 20, 2019, executed between the President of India and Power Finance Corporation Limited (PFC). The Ministry of Power, Government of India, issued its Office Order No. F.No. 27-46/1/201S-Office of KKM (DIR) dated April 6, 2026, conveying the approval of the Competent Authority for Shri Rajiv Ranjan Jha to serve as a Nominee Director of PFC on the board of REC.Details regarding the appointment of Shri Rajiv Ranjan Jha are...

Primo Chemicals Ltd Addresses Share Price Movement Primo Chemicals Ltd confirmed that recent fluctuations in its share price are purely market driven. The company stated that it has consistently disclosed all material information and events to the Stock Exchanges.The company emphasized its commitment to timely reporting, confirming that it has not withheld any material information that could affect the movement of the share price.In a statement addressing inquiries regarding significant price movements, Primo Chemicals Ltd clarified that it has been regularly disclosing material information in accordance with regulatory guidelines.The company reiterated that it continues to explore various growth opportunities through its routine...

ICICI Prudential Life Insurance Allots 82,741 Equity Shares on April 7, 2026 ICICI Prudential Life Insurance Company Ltd allotted a total of 82,741 equity shares on April 7, 2026. The shares have a face value of ₹ 10 each.The allotment was structured across two schemes: the ICICI Prudential Life Insurance Company Limited Employees Stock Option Scheme (2005) and the ICICI Prudential Life Insurance Company Limited Employees Stock Unit Scheme (2023).The details of the allotted shares are as follows:Scheme NameNumber of Equity Shares AllottedEmployees Stock Option Scheme (2005)80,540Employees Stock Unit Scheme (2023)2,201The allotment was approved by the Managing Director & CEO of the Company on April 7, 2026, at 1:15 p.m...

Nexus Select Trust to Acquire Diamond Plaza, Kolkata, for INR 347.5 Crores Nexus Select Trust's manager, Nexus Select Mall Management Private Limited, reported the board's approval for the acquisition of Diamond Plaza, Kolkata. The transaction involves acquiring the owning entity, M/s. Super Diamond Enterprises (partnership firm), following its restructuring and hiving off unrelated business.The board meeting, held on Tuesday, April 07, 2026, approved the execution of share purchase agreements and other transaction documents for the acquisition. The consideration for this acquisition is INR 347.5 Crores (Indian Rupees Three Hundred Forty Seven Crores Fifty Lakhs only), or an amount mutually agreed upon by the parties, subject to...

Supreme Power Equipment Limited Secures New Order Worth ₹ 13.50 Crore Supreme Power Equipment Limited announced the receipt of a new order valued at ₹ 13.50 crore on April 7, 2026. The order originated from an EPC Company located in Maharashtra.The contract involves the domestic supply of 20MVA, 110/33- 11KV Power Transformers. This contract was awarded by a domestic entity and is noted as a domestic order.The anticipated execution timeline for the order is within approximately 7 months.Key details regarding the new order are presented in the table below:ParticularsDetailsName of the awarding entityEPC Company situated in MaharashtraNature of OrderDomestic order for Supply of 20MVA, 110/33- 11KV Power Transformers...

Ecoboard Industries Ltd Secretary Resigns, Effective April 6, 2026 Ecoboard Industries Ltd announced the resignation of Company Secretary and Compliance Officer, CS Tanuja Anand Deshpande, with effect from the close of business hours on April 6, 2026. The departure was reported as being to pursue a career opportunity outside the company.The company confirmed that the resignation letter, dated April 6, 2026, tendered by Ms. Deshpande, was received. The Board of Directors is scheduled to consider and formally accept the resignation during an upcoming Board Meeting.The Board of Directors of Ecoboard Industries Ltd extended appreciation for the valuable services rendered by CS Tanuja Anand Deshpande throughout her tenure with the...

Adani Power Ltd to Hold Board Meeting and Investor Call on April 29, 2026 Adani Power Ltd has announced that its Board of Directors meeting is scheduled for Wednesday, April 29, 2026. The meeting will be held to consider and approve, among other matters, the audited financial results for the quarter and year that ended March 31, 2026.On the same day, the company also stated it will host an investor and analyst call to discuss the reported results and the future business outlook.The company further provided details regarding the closure of its trading window. The trading window for dealing in the securities of Adani Power Ltd remains closed starting from April 01, 2026. This window is expected to re-open 48 hours after the...

Venus Pipes & Tubes Ltd Announces Revised Schedule for Analyst/Institutional Investor Meetings Venus Pipes & Tubes Ltd has provided an update regarding the schedule for its Analyst/Institutional Investor meetings. This revised intimation corrects the previously mentioned host for the engagements.The company confirmed that officials will meet with Investors/Analysts at the company's facility located in Dhaneti, Gujarat.The revised meeting schedule details are as follows:DateTimeType of InteractionHostThursday, 9th April 202610:00 AM OnwardsGroup meeting at Plant (Bhuj)ICICI SecuritiesThe discussions scheduled for the day will be based on publicly available information.VENUSPIPES Stock Price Movement Shares of Venus Pipes...

Regency Ceramics Ltd Wins Judgment in National Insurance Company Ltd Case Regency Ceramics Ltd announced that the Principal District Court in Puducherry pronounced a judgment favorable to the company on April 6, 2026, in the matter of National Insurance Company Ltd. vs Regency Ceramics Ltd.The court order, concerning OP No. 33 of 2022 and CNR No. PYPY010023382022, involved the petition before the Hon'ble Principal District Court, Puducherry, which was presided over by the Principal District Judge.According to the details provided, the court partly allowed the petition and issued an order in favor of the company. This order modified the Arbitral award to Rs. 133,30,60,000/- (Rupees One Hundred Thirty-Three Crores Thirty Lakhs Sixty...

Simbhaoli Sugars Limited Reports Debt Profile as of March 31, 2026 Simbhaoli Sugars Limited released details concerning defaults on payments of interest and principal repayment on loans from banks and financial institutions as of March 31, 2026. The company's total financial indebtedness, encompassing both short-term and long-term debt, stood at 3371.3483 Crore.The reporting details provided a breakdown of outstanding facilities:ParticularsRs. in CroresTotal Amount Outstanding (Loan/Revolving facilities like Cash Credit from Bank/financial Institution)3371.3483Amount of default (Loan/Revolving facilities like Cash Credit from Bank/financial Institution)3371.3483Total financial Indebtedness of the listed entity including...

Tirupati Sarjan Ltd Addresses Delay in Disclosing Income Tax Demand Notices Tirupati Sarjan Ltd addressed a discrepancy noted by the exchange regarding the timely disclosure of a material event concerning demands under the Income Tax Act, 1961. The company clarified the delay in informing the exchange about notices received from the Income Tax Department.The company stated that the email ID used to receive the notices was operated by multiple employees of the Accounts Department, leading to an inadvertent oversight by the Accounts Manager. Additionally, the Accounts Manager and the team were highly occupied with financial year closing activities. The company noted that weekends and a public holiday (Mahavir Jayanti) occurred between...

Apsis Aerocom Limited Receives Purchase Order from Aerospace Sector Customer Apsis Aerocom Limited has announced securing a purchase order from a local customer operating within the Aerospace & Defence segment. The order details were provided, specifying the nature and value of the contract award.The acquisition details indicate that the order was received from a domestic entity and pertains to a Supply Order. The contract is scheduled to be executed within a period of 15 Months.The total value of the order was specified as about INR 5,00,00,000 (Indian Rupees Five Crores Only).The company reported that there is no interest held by the promoter or promoter group/group companies in the awarding entity. Furthermore, the transaction...

Tata Steel Reports Provisional Production and Delivery Volumes for 4QFY2026 and FY2026 Tata Steel released provisional data regarding its production and delivery volumes for the fourth quarter of the fiscal year 2026 and the full fiscal year 2026.The data indicates the performance across various international operations, with figures presented in million tons. A summary of the provisional and actual volumes is provided in the table below.Items4QFY26 (Provisional)3QFY26 (Actual)4QFY25 (Actual)FY2026 (Provisional)FY2025 (Actual)Production volume 1:Tata Steel India 26.256.345.4423.4821.68Tata Steel Netherlands1.631.681.636.696.75Tata Steel Thailand0.320.310.321.331.19Delivery volumes 3:Tata Steel India...

SBI Securities has issued a "Pick of the Day (Short Term Delivery Call)" for Ujjivan Small Finance Bank Ltd, assessing the company's operational trajectory and investment potential.Ujjivan Small Finance Bank is a scheduled commercial bank that primarily serves unserved and underserved borrowers across India. Originally established as an NBFC-MFI in 2005, it received in-principle approval from the RBI to operate as a small finance bank in 2015. Historically, the bank's loan book relied heavily on micro banking (group loans), though it has been actively diversifying into secured assets, including affordable housing loans, MSME financing, and vehicle finance, to mitigate unsecured risks.The bank's financial performance indicators show...

Paisalo Digital Limited Reports on Commercial Paper Proceeds Utilization for Quarter Ending March 31, 2026 Paisalo Digital Limited provided details regarding its Commercial Paper (CP) issuance and subsequent utilization for the quarter ended March 31, 2026. The company confirmed the issuance of a Listed Commercial Paper during this period.The details of the commercial paper issued are presented below:ISINDisbursement DateMaturity DateMaturity Amount (INR in crores)Name of Stock ExchangeINE420C14243February 27, 2026May 29, 202630BSEThe company certified that the issuance proceeds from the commercial paper were fully utilized for the specific purpose mentioned in the disclosure document. Furthermore, Paisalo Digital Limited...

Sayaji Hotels Ltd Enters Hotel Management Agreement for Bengaluru Property Sayaji Hotels Limited announced it has executed a Hotel Management Agreement for providing operational and management services at a hotel property located in Bengaluru. The agreement marks another step in the company's strategic expansion plans across key markets in India, particularly strengthening its presence in the southern region.The property in Bengaluru, Karnataka, is slated to be developed as a 4-star category hotel. According to the details of the management services agreement, the hotel will feature 59 key rooms and will operate under the brand name 'Enrise' by Sayaji.This operational arrangement aligns with Sayaji Hotels Limited's broader goal of...

ICRA Reaffirms Credit Rating for Mawana Sugars Ltd's Working Capital Facilities ICRA Limited has reaffirmed the credit rating for Mawana Sugars Ltd's fund based working capital facilities. The rating action covers Long Term/Short Term - Fund Based - working capital facilities amounting to Rs. 500 Crore.In a letter dated April 6, 2026, ICRA's Rating Committee communicated the rating actions for the company's instruments. The reaffirmed rating is [ICRA] BBB+ (Stable)/ [ICRA] A2.The rating details are presented in the following table:InstrumentRated Amount (Rs. crore)Rating ActionLong term/Short term - Fund based - Working capital facilities500[ICRA] BBB+ (Stable)/ [ICRA]A2; reaffirmed and assigned for enhanced amountTotal500...

Matrimony.com Ltd Addresses GST Penalties and Impact on Operations Matrimony.com Ltd provided details regarding penalties levied by the Goods and Services Tax (GST) department across various states. The company noted that the delay in communicating these orders was due to internal evaluations, including obtaining expert opinions, to finalize the necessary course of action before submission to the stock exchanges.The financial impact related to these demands was provided in a detailed table summarizing the findings from four different authorities.Name of the AuthorityState/LocationNature of Penalty/OrderPenalty AmountDate of Order ReceiptCommercial Tax Officer, GST departmentChennai, Tamil NaduSection 74...

C2C Advanced Systems Secures Order for Defence Vehicle Mounted C-UAS Systems C2C Advanced Systems Limited has received both a Letter of Intent and a Purchase Order from a leading defence company. The procurement involves supplying critical systems for integration onto a Vehicle Mounted Counter-Unmanned Aerial Systems (CUAS) platform intended for use by the Indian Armed Forces.The scope of the order pertains to the supply of networking hardware, GPS Module, and an Integrated Software Suite, collectively termed the 'System'. These components are designed for integration into the Vehicle Mounted C-UAS platform.Vehicle Mounted C-UAS platforms are utilized to address unmanned aerial threats within operational environments. Such systems...