Markets

Kaveri Seed Company Ltd Appeal Against Income Tax Demand Upheld by Appellate Authority Kaveri Seed Company Ltd announced on April 8, 2026, that its appeal against the Income Tax demand for the Assessment Year 2023-24 has been decided in favor of the Company. The decision was communicated via an order dated April 8, 2026.The Income Tax Authorities had initially raised a demand of Rs.69,58,75,410/ primarily due to the disallowance of an exemption claimed on Agricultural Income. However, the Appellate Authority has allowed the Company's claim, treating the income in question as agricultural income, thereby setting aside the aforementioned demand.This development follows an earlier disclosure from the Company on March 27, 2025, which...

CIAN Agro Industries Secures NCLT Approval for Resolution Plan in Matter of Shubhada Tool Industries CIAN Agro Industries & Infrastructure Limited confirmed the approval of its Resolution Plan from the National Company Law Tribunal (NCLT), Mumbai Bench. This approval pertains to the company's involvement in the resolution process for Shubhada Tool Industries Private Limited, which was under the Insolvency and Bankruptcy Code (IBC) process.The company noted that it had previously communicated on March 28, 2026, regarding the pending order from the Hon'ble National Company Law Tribunal for the resolution plan submitted by CIAN Agro Industries and Infrastructure Limited.The official record confirms that the Certified copy of the Order...

Bazel International Ltd Clarifies Share Price Movement as Market-Driven Bazel International Ltd stated on April 8, 2026, regarding the recent price movements of its shares, addressing a clarification request concerning significant fluctuations in the stock's price.The Company clarified that it has consistently adhered to its obligations concerning timely and transparent disclosures regarding its operations and performance to the Stock Exchange.Management confirmed that all material information affecting the Company's operations or performance has been properly disclosed to the exchange. Furthermore, the Company stated that there is no current information, announcement, or impending announcement, in the opinion of the management...

Aaron Industries Reports Highest Ever Turnover of ₹92.01 Crore in FY 2025-26 Aaron Industries Limited announced its provisional and unaudited financial results for the financial year ending March 31, 2026, revealing a record turnover of ₹92.01 Crore. This marks a substantial year-on-year growth of 18.06% compared to the ₹77.93 Crore turnover reported in FY 2024-25.The company's performance reflects the strength of its diversified business model. The financial summary for the provisional and unaudited figures is detailed below:ParticularsFY 2025-26 (Rs. In Crore)FY 2024-25 (Rs. In Crore)YoY GrowthTotal Turnover92.0177.93+18.06%Elevator Division68.9562.00+11.21%Stainless Steel Polishing Division23.0515.93+44.74%...

MUFG Bank Completes Investment in Shriram Finance Ltd, Acquiring 20% Stake MUFG Bank, Ltd., a consolidated subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), has completed its investment in Shriram Finance Limited (SFL), positioning itself as a major shareholder in India's leading non-banking financial companies. The transaction followed the approval by SFL's Board of Directors during a meeting held on April 8, 2026, for the allotment of equity shares to MUFG Bank via a preferential issue.MUFG Bank subscribed to 471,121,055 equity shares at an issue price of INR 840.93 per share. This substantial investment amounts to approximately INR 396.18 billion.Upon the completion of the allotment, MUFG Bank will hold a 20.0% equity...

Jindal Leasefin Ltd Approves Standalone Audited Results for Quarter and Year Ended March 31, 2026 Jindal Leasefin Ltd. finalized its consideration and approval of the Standalone Audited Financial Results for the quarter and year ended March 31, 2026, following a Board meeting held on April 8, 2026. The Audit Committee reviewed and recommended these results, which included the Auditor's Report.The audited Standalone Financial Results for the quarter and year ended March 31, 2026, were presented in the statement, detailing performance metrics across different periods.Financial Results Overview The financial data for the standalone audited results, presented in Amount in Lacs, across key reporting dates are summarized below...

Torrent Power Limited Receives CCI Approval for Acquisition of Nabha Power Limited Stake Torrent Power Limited received communication on April 7, 2026, confirming the approval from the Competition Commission of India (CCI). This approval pertains to the acquisition of a 100% equity stake and convertible instruments of Nabha Power Limited from L&T Power Development Limited.The CCI issued the order regarding this acquisition on April 7, 2026, at 06:14 pm. This development follows an earlier intimation from the company dated February 16, 2026.TORNTPOWER Stock Price Movement Shares of Torrent Power Limited are edging higher to ₹1447 as of 1:53 PM today, rallying 3.39%. Trading volume has reached 270,718 shares, indicating sustained...

Monitoring Committee Meeting Scheduled for Omkar Speciality Chemicals Limited The Monitoring Committee of Omkar Speciality Chemicals Limited has scheduled a meeting for Wednesday, April 15, 2026. The meeting is set to consider and approve several key corporate matters related to the company's restructuring and operational status.The company, Omkar Speciality Chemicals Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) via an order dated December 5, 2022.Key Agenda Items The agenda for the Monitoring Committee meeting includes matters concerning share structure, capital infusion, borrowing facilities, and key management appointments.The Committee is scheduled to consider the following resolutions:1...

Pelatro Limited Appoints Lakshmy Mohanan as Company Secretary and Compliance Officer Pelatro Limited announced the appointment of Ms. Lakshmy Mohanan as the Company Secretary and Compliance Officer. The Board of Directors approved this appointment during a meeting held on April 08, 2026, bringing Ms. Mohanan into the role with effect from the same date.The appointment was made to fill the vacancy created by the resignation of Ms. Khushboo Sharma.Ms. Lakshmy Mohanan is an Associate Member of the Institute of Company Secretaries of India (ICSI). Her expertise lies in corporate governance and compliance. She possesses experience in company law, encompassing the Companies Act and Listing Regulations, and is skilled in managing corporate...

Rajputana Stainless Ltd Achieves Debt-Free Status with Repayment of Rs. 96.01 Cr Rajputana Stainless Limited announced on April 8, 2026, that it has repaid its total debt, achieving a debt-free status as of that date. The company fully settled outstanding borrowings amounting to Rs. 96.01 Cr.This significant repayment covered term loans, working capital facilities, and unsecured borrowings. The company's transition to a debt-free status aligns with the stated utilization of its IPO proceeds.Debt Repayment Summary The total debt repaid by the company was Rs. 96.01 Cr. These repayments covered the following components:Debt ComponentStatusTotal Debt RepaidRs. 96.01 Cr.Term LoansFully repaid across multiple facilities with...

Adani Green Energy Limited Updates on US Lawsuit Developments Adani Green Energy Limited provided an update regarding the civil matter initiated by the United States Securities and Exchange Commission (SEC) in the United States District Court for the Eastern District of New York (EDNY). The suit was brought against Mr. Gautam Adani and Mr. Sagar Adani, who serve as directors of the company.The filing detailed the defendants' intention to move to dismiss the SEC's complaint by April 30, 2026. As part of this process, the directors submitted a pre-motion conference letter to the EDNY judge, indicating their readiness to attend such a conference if deemed necessary by the Court.The grounds cited by the defendants for seeking dismissal...

Emami Realty Announces Allotment of 82,00,000 Equity Shares to Promoter Group The Finance Committee of the Board of Directors of Emami Realty Limited approved the allotment of 82,00,000 Fully Paid-up Equity Shares. The allotment pertains to the conversion of 82,00,000 warrants into equity shares on a preferential basis to the members of the Promoter Group.The decision was made during the Finance Committee meeting held on 8th April, 2026, at the registered office of the Company in Kolkata.The details of the allotment are as follows:Issue Price: ₹ 128.50/- per Equity Share. Face Value: ₹ 2/- per Equity Share. Premium: ₹ 126.50/- per equity share.The shares are allotted to two entities belonging to the Promoter Group:Name of...

Eco Hotels And Resorts Partners with Riya Travels to Boost Global Distribution Network Eco Hotels and Resorts Limited has announced a strategic partnership with Riya Travel & Tours, recognized as one of India's prominent travel and aviation service providers. This collaboration marks a key development in Eco Hotels' growth strategy, aiming to broaden its global reach and strengthen its distribution network across both domestic and international markets.Through this alliance, Eco Hotels gains access to the Riya Group's extensive B2B ecosystem. This includes support for over 75,000 travel agents via the proprietary platform named Riya Connect.The partnership also involves integrating Eco Hotels' offerings with Riya Holidays, the...

S J Logistics Strengthens Banking Partnerships with ICICI Bank to Boost Growth and Liquidity S J Logistics (India) Limited announced on April 8, 2026, the strengthening of its banking arrangements through the addition of ICICI Bank as a lead banking partner. The company is now working with Federal Bank and ICICI Bank as its lead bankers, supplementing its existing banking relationships.This development underscores the company's sustained growth momentum and expanding scale of operations. The enhanced banking setup is poised to improve liquidity, efficiently manage working capital, and provide greater financial flexibility as the business expands.The strengthened partnership aims to support S J Logistics (India) Limited in scaling...

ICICI Prudential Asset Management Company to Host Q4-FY2026 Earnings Call on April 13 ICICI Prudential Asset Management Company Ltd has scheduled a conference call with the media and an earnings call with analysts and investors to discuss the financial results for the quarter and year ended March 31, 2026.The company's schedule for these investor discussions is set for April 13, 2026.The conference call with the media is scheduled to take place from 6:00 p.m. to 6:30 p.m. IST.Following this, the earnings call with analysts and investors is scheduled from 6:45 p.m. to 7:45 p.m. IST.For those attending the Earnings Call for Q4-FY2026, the key details are as follows:DetailInformationEvent NameICICI Prudential Asset...

Gujarat Pipavav Port Limited Announces Departure of Chief Commercial Officer Gujarat Pipavav Port Limited confirms that Mr. Amit Bhardwaj, the Chief Commercial Officer, has indicated his decision to step down from his duties and responsibilities. His last day of service will be June 30, 2026.Mr. Bhardwaj submitted his resignation letter dated April 7, 2026, formally resigning from the position of Chief Commercial Officer.The company stated that Mr. Bhardwaj expressed his desire to be relieved of his duties and responsibilities effective from June 30, 2026. In his resignation, Mr. Bhardwaj expressed gratitude for the opportunities, support, and learning received during his tenure with the organization, noting that working with the...

Yes Bank Announces Schedule for Analyst and Institutional Investors Conference in 2026 Yes Bank Ltd has announced a schedule for an Analyst/Institutional Investors Conference, detailing the upcoming event planned for early June 2026. The conference is listed as the Axis Capital's Rising Stars Conference - 2026.The scheduled meeting is set to take place on June 01 and June 02, 2026. The nature of the meeting is classified as Group/1x1 Meetings, with the mode of interaction being Physical. The location for the conference is Mumbai.The bank provided the following details regarding the investor engagement:Sr. No.Event NameDateModeNature of MeetingLocation1Axis Capital's Rising Stars Conference - 2026June 01-02, 2026PhysicalGroup...

Faalcon Concepts Ltd Receives Work Order of Rs. 2,45,14,285 from SS Technopark Private Limited Faalcon Concepts Limited has secured a new work order from SS Technopark Private Limited. The contract is for providing Glass, Glazing & windows for the site located at Proposed Institutional Building on Plot No.-01, F-2 Block Sector-142 Ex-Press High-Way Noida 201305 (U.P.) India.The order value awarded to Faalcon Concepts Limited amounts to Rs. 2,45,14,285 (Two crore Forty Five Lakh Fourteen Thousand Two Hundred Eighty Five Indian Rupees).Details of the Work Order The work order was awarded by SS Technopark Private Limited, which has its registered office at Plot no. 3&4, 2 nd Floor, A- Block Market, Savitri Bhawan, Preet Vihar, Delhi -...

Renaissance Global Reduces Gross Debt by Approx. ₹123 Crore in Q4 FY26 Renaissance Global Limited, a prominent global entity in branded fine jewellery manufacturing, announced a substantial reduction in its gross debt of approximately ₹123 crore during the fourth quarter of the fiscal year 2026 (Q4 FY26). This move highlights the company's ongoing efforts to strengthen its balance sheet and enhance overall financial efficiency.Sumit Shah, Global CEO of Renaissance Global, commented on the development, stating, "We are pleased to report a reduction of approximately ₹123 crore in our gross debt during Q4 FY26, representing a 20% decline from our gross debt levels at the end of Q3 FY26." He further noted that at a constant exchange rate...

Tamilnad Mercantile Bank Ltd Board Meeting Scheduled for April 27, 2026 Tamilnad Mercantile Bank Ltd announced that its Board of Directors will convene a meeting on Monday, April 27, 2026. The meeting is scheduled to consider and approve the Audited Financial Results of the Bank for the Quarter and the Financial Year ending March 31, 2026. Furthermore, the Board will recommend a dividend, if any.The Bank also confirmed that the trading window for dealing in its securities is closed for all Designated Persons, including Directors, Key Managerial Personnel (KMPs), Designated Employees, and their relatives, as well as Connected Persons. This trading restriction remains in effect from April 01, 2026, through April 29, 2026, covering both...