Markets

VST Industries Limited Receives Tax Order Regarding Export Refund for Andhra Pradesh VST Industries Limited reported receiving an order from the tax authority concerning the non-payment of an export refund amount for the state of Andhra Pradesh. The documentation indicates the receipt of this order on April 7, 2026.The order was received under Section 74 of the CGST Act/The Goods and Services Tax Act, 2017. The core issue relates to the alleged non-payment of a refund amount proportional to the value of exports, specifically concerning export proceeds not realized within the stipulated time frame across the Financial Years 20-21 to 23-24.The total amount specified in the order, including penalty, is Rs. 73,78,194/-.Key details...

LIC Housing Finance Limited Notes Change in Senior Management Personnel LIC Housing Finance Limited reported a change in its Senior Management Personnel (SMP) that occurred on the close of business hours on April 7, 2026.The management confirmed the change involving Shri Ganesh Kinkar Jena. His designation was General Manager (Marketing). The reason cited for this change was his cessation due to repatriation back to LIC of India.LICHSGFIN Stock Price Movement Shares of LIC Housing Finance Limited are rallying to ₹525.4 as of 11:56 AM, jumping 2.45% in live trading. The stock is exhibiting high intraday momentum, supported by robust trading activity with 877,966 shares having been traded.Source:

India Shelter Finance Corporation Allots Equity Shares Against Employee Stock Option Exercise India Shelter Finance Corporation Ltd announced on April 08, 2026, the allotment of 20,250 Equity shares of Rs. 5/- each following the exercise of vested Employee Stock Options under the company's ESOP Schemes. This transaction resulted in an increase in the company's paid-up share capital.The paid-up share capital of India Shelter Finance Corporation Ltd increased from Rs. 54,37,92,245, which consisted of 10,87,58,449 equity shares with a face value of Rs. 5/- each, to Rs. 54,38,93,495. The new capital base now comprises 10,87,78,699 equity shares, each having a face value of Rs. 5/-.The allotted shares will rank pari-passu with the...

Hilton and Royal Orchid Hotels Partner to Launch 125 New Hampton by Hilton Hotels in India Royal Orchid Hotels Limited announced a strategic agreement with Hilton to sign and open 125 Hampton by Hilton hotels across India. This partnership is set to boost Hilton's presence in the upper midscale segment as the Indian market witnesses growth in domestic travel and demand from the expanding middle class.The franchised hotels are primarily slated for development in the western and southern regions of India, including Goa, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, and Telangana. These new additions will expand the global portfolio, which currently includes more than 3,100 Hampton by Hilton properties.Alan Watts, President, Asia...

Accord Transformer & Switchgear Ltd Receives Order for Transformers from Gurugram Hospital Company Accord Transformer & Switchgear Limited has received a commercial order for the supply of Transformers from a leading Hospital company based in Gurugram. The project is classified as a domestic commercial order.The order details indicate that the company is expected to execute the project according to the terms specified in the order. The transaction is characterized as a domestic commercial order from a domestic entity.The details of the received order are summarized below:ParticularsDetailsEntity Awarding OrderLeading Hospital company based in GurugramNature of OrderCommercial Order for TransformersOrder SizeRs. 23.00...

SG Finserve Ltd Allots 6,27,778 Equity Shares After Warrant Conversion SG Finserve Ltd announced the allotment of 6,27,778 equity shares following the conversion of warrants allotted on a preferential basis. This transaction follows an earlier intimation regarding the allotment of 1,00,00,000 Fully Convertible warrants of face value of ₹10/- each.The Allotment Committee of the Board of Directors conducted its meeting on April 08, 2026. During this meeting, the Committee allotted 6,27,778 equity shares, each having a face value of ₹10/-. These shares were allotted upon the conversion of 6,27,778 warrants.The conversion was executed upon the receipt of ₹337.5/- per warrant, which represents the balance 75% of the issue price of ₹450/-...

Renaissance Global Reports Significant Debt Reduction in Q4 FY26 Renaissance Global Limited, a prominent global entity in branded fine jewellery manufacturing, has announced a substantial reduction in its gross debt for the fourth quarter of fiscal year 2026. The company reported an approximate reduction of ₹123 crore in its gross debt during Q4 FY26.Sumit Shah, Global CEO of Renaissance Global, highlighted the significance of this financial development. He stated that the ₹123 crore reduction in gross debt during Q4 FY26 represents a 20% decline compared to the gross debt levels recorded at the end of Q3 FY26. At a constant exchange rate, this reduction translates to an increase of 24%.The leadership emphasized that this...

Omfurn India Reports Business Update Highlighting Growth and Strategic Shifts Omfurn India Limited announced its Business Update for H2 FY26 and FY 26, detailing performance metrics, operational enhancements, and the outlook for the upcoming fiscal year.The company reported a robust performance in the second half of FY26. Specifically, Omfurn India Limited achieved a year-over-year growth of approximately 21% in H2 FY26 compared to H2 FY25. This growth translated to a significant increase of approximately 60% between H1 and H2 of FY26, indicating strong business momentum across all key segments, including wooden doors, metal doors, and modular furniture.The company also noted expansion in its product offering following the...

KD Leisures Ltd Board Approves Proposed Name Change to VISHWAKALYAN GLOBAL LIMITED KD Leisures Limited held its Board of Directors meeting on February 5, 2026. During this meeting, the Board considered and approved several key corporate actions, including a proposal to change the company's name.The Board approved the proposal for a change of the company name to 'VISHWAKALYAN GLOBAL LIMITED'. This proposed change remains subject to the name's availability and the approval of the Central Registration Centre at the Registrar of Companies, Ministry of Corporate Affairs, as well as the necessary approvals from the Shareholders and the Central Government.In alignment with the potential name change, the Board also approved the alteration...

Kaveri Seed Company Ltd Wins Appeal Against Income Tax Demand for AY 2022-23 Kaveri Seed Company Ltd announced that its appeal concerning the Income Tax demand for the Assessment Year 2022-23 was decided in favor of the Company. The favorable order was received on April 7, 2026.The Income Tax Authorities had previously raised a demand of Rs. 56,21,17,500 primarily due to the disallowance of an exemption claim made on Agricultural Income. However, the Hon'ble Appellate Authority has allowed the Company's claim, recognizing the income as agricultural income and consequently setting aside the previously raised demand.This development follows an earlier disclosure made by the Company on April 1, 2024, when it had notified the receipt of...

Fujiyama Power Systems Ltd Explains Delay in Disclosure Following BIS Visit Fujiyama Power Systems Ltd provided details regarding the timing of a disclosure related to a visit by officials from the Bureau of Indian Standards (BIS). The company stated that the delay in making the announcement was due to several factors, including the need to verify facts and await formal communication from the regulatory authority.Officials from the Bureau of Indian Standards (BIS) conducted a surprise visit at the company's Greater Noida facility on March 24, 2026. During this visit, certain product samples were taken, and some inventory was seized. The officials at the time indicated that a formal communication or notice would be issued subsequently...

Akme Fintrade Sees Credit Rating Assignments and Upgrades Across Debt Instruments Akme Fintrade (India) Ltd reported credit ratings for its debt instruments, noting assignments and upgrades across bank loans, non-convertible debentures, and commercial paper as of April 08, 2026.The company detailed the credit rating profile for different product segments. The rating assessment covered a total outstanding quantum of Rs. 855 Cr, with zero amount reported as withdrawn.The credit ratings are presented below:ProductQuantum (Rs Cr)Long Term RatingShort Term RatingBank Loan Ratings355ACUITE A- Stable Assigned-Bank Loan Ratings180ACUITE A- Stable Upgraded-Non-Convertible Debentures (NCD)200ACUITE A- Stable Assigned-...

KD Leisures Ltd Appoints Additional Director and Records Resignation KD Leisures Ltd reported on key changes to its Board of Directors following a meeting held on February 2, 2026. The board meeting, which commenced at 05:30 P.M. and concluded at 06:00 P.M., resulted in the appointment of a new director and the recording of a resignation from the company.The company approved the appointment of Ms. Deepika Awasthi as an Additional Director, categorized as an Executive Director, effective February 2, 2026.According to the details provided for the appointment, Deepika Awasthi is described as a seasoned expert in astrology, numerology, and tarot reading, with over 15 years of experience. Her profile highlights her role in guiding...

Antony Lara Subsidiary Enters Agreement with JFE Engineering for Waste-to-Energy Projects Antony Lara Enviro Solutions Private Limited, a material subsidiary company of Antony Waste Handling Cell Limited, has entered into a Share Subscription Agreement and Shareholders' Agreement with JFE Engineering Corporation, Japan. This agreement pertains to an investment exceeding ¥ 750 Million across two Special Purpose Vehicles (SPVs) in Andhra Pradesh.The investment is focused on setting up two Waste-to-Energy Projects in the region. The capital will be deployed through a primary issuance of shares by the named SPVs. Under the terms, JFE Engineering Corporation is set to acquire a minority equity stake of 25% in each of the two SPVs...

Hindustan Oil Exploration Company Addresses Increased Trading Volume on its Security Hindustan Oil Exploration Company Ltd confirmed its routine dissemination of company updates regarding any events or information impacting its operations or performance. The company stated it remains compliant with regulations concerning price sensitive information.The company addressed the increased trading volume on its securities, affirming that it was not aware of the reasons for the spike in volume. Hindustan Oil Exploration Company Ltd reiterated its commitment to submitting all material and price sensitive information to the Stock Exchanges in a timely manner.HINDOILEXP Stock Price Movement As of 11:26 AM, shares of Hindustan Oil Exploration...

InterGlobe Aviation Ltd Announces ESOP Share Allotment for Two Schemes On April 8, 2026, the ESOP Allotment Committee of InterGlobe Aviation Ltd approved the allotment of shares resulting from the exercise of vested stock options. The allotments relate to the InterGlobe Aviation Limited Employee Stock Option Scheme 2015 and the InterGlobe Aviation Limited Employee Stock Option Scheme 2023.The details of the allotments for both schemes are provided below.Details from InterGlobe Aviation Limited Employee Stock Option Scheme 2015 The allotment under the Employee Stock Option Scheme 2015 involved the issuance of 34,000 shares. These shares have a par value of Rs. 10/- and an exercise price per share of Rs. 1855.30/-, with a premium of...

P N Gadgil Jewellers Reports Q4 FY26 Results: Revenue Rises 40% YoY P N Gadgil Jewellers Limited announced its quarterly update for Q4 FY26, reporting an overall revenue of ₹10,744 crore, representing a 40% year-over-year (YoY) increase. The company noted that an outstanding fourth quarter was a significant driver of this growth, with total revenue increasing by 124% YoY during the quarter.Quarterly Revenue Highlights The financial performance for the quarter under review showed substantial growth across key segments. Total revenue excluding the other segment grew by 104% YoY. The detailed consolidated revenue figures are presented below:Consolidated Revenue (Rs in Cr)Q4 FY'26Q4 FY'25Revenue Excluding Other segment3,1961,569...

Stove Kraft Limited Appoints Subhadeep Pal as VP-Finance Stove Kraft Limited announced the appointment of Mr. Subhadeep Pal as Vice President-Finance (VP-Finance), effective immediately. The Board of Directors approved this appointment following a resolution passed by circulation on April 8, 2026, based on the recommendation of the Nomination and Remuneration Committee.Mr. Pal, a qualified Chartered Accountant (ICAI) who holds a B.Com (Hons.) from Patna University, brings over 23 years of experience in Finance Leadership to the role. His expertise spans Corporate Finance, Controllership, Internal Audit, Treasury, FP&A, and Business Partnering across various sectors, including Pharma, FMCG, Foods, and Energy.The company noted Mr...

Ramdevbaba Solvent Limited has reported the commencement of ethanol dispatch by its subsidiary, M/s RBS Renewables Private Limited, to Oil Marketing Companies (OMC's).The first dispatch of ethanol was successfully completed on April 7, 2026, at approximately 10:00 P.M. The subsidiary, located at Tal-Bramhapuri, Dist.-Chandrapur - 441206, Maharashtra, India, has noted that its factory operations are running smoothly.The key details regarding this initial dispatch and the operating entity are summarized below:ParticularsDetailsName of the entityRBS Renewables Private Limited, a subsidiary of Ramdevbaba Solvent LimitedLocation of the Factory UnitTal-Bramhapuri, Dist.- Chandrapur - 441206, Maharashtra, IndiaName of...

Cyient Semiconductor Completes $85 Million Majority Investment in Kinetic Technologies San Jose, California and Hyderabad, India - April 8, 2026: Cyient Semiconductors announced the successful close of its USD $85 million majority stake investment in Kinetic Technologies. Kinetic Technologies is a global power semiconductor solutions provider.This investment positions Kinetic Technologies alongside Cyient Semiconductors, forming a combination with immediate product scale, IP depth, and market credibility. Kinetic Technologies brings over 100 silicon proven IPs and more than 250 high volume custom and ASSPs spanning power management, protection, display power, and interface solutions.The investment marks a significant advancement in...