Markets

Silky Overseas Limited Board Approves Credit Facility Enhancement from Bank of Baroda Silky Overseas Limited, during its Board of Directors meeting held on April 7, 2026, approved a proposal to avail credit facilities and financial assistance from Bank of Baroda, SME Branch, New Delhi.The Board authorized the availing of various facilities, including cash credit, demand loan, overdraft, packing credit, term loan, BP, BD, LC, and guarantee facilities, on terms and conditions agreed upon with the Bank.The details of the approved and proposed exposure limits are presented below:Nature of FacilityPurposeExisting LimitsProposed LimitsCash Credit- Hypo. of Stock & DebtorsFunds for augmenting the working capital...

Dr. Reddy's Laboratories to Sell Entire Shareholding of Wholly Owned Subsidiary Svaas Wellness Limited Dr. Reddy's Laboratories Limited announced on April 7, 2026, that it has entered into an agreement for the sale of its entire shareholding in its wholly owned subsidiary, Svaas Wellness Limited. Upon the completion of this transaction, Svaas Wellness Limited will cease to be a wholly owned subsidiary of the company.The sale details provide an overview of the financial aspects and the identity of the buyer. The consideration received from the disposal amounts to INR 2.23 Cr.The transaction was executed with Enspirit Technology Services Private Limited. The buyer is registered at 3-6-465, Flat 206, Legend Siddhi, Street 5...

V-Guard Industries Ltd Receives Credit Rating Upgrade from ICRA V-Guard Industries Ltd has announced that ICRA Ltd has upgraded its credit rating. The rating revision and outlook changes were detailed in a communication dated April 7, 2026.The credit rating action pertains to the Long term/short term - fund based/non-fund based - working capital facilities, which have a rated amount of 820 Rs. crore.ICRA upgraded the rating from [ICRA]AA to [ICRA]AA+. Concurrently, the outlook was revised to Stable, changing from Positive / [ICRA]A1+.For reference, the details of the credit rating action are presented below:InstrumentRated Amount (Rs. crore)Rating ActionOutlookLong term/short term - fund based/non-fund based - working...

Tunwal E-Motors Approves Product Pricing Structure Revision at Board Meeting Tunwal E-Motors Limited, formerly known as Tunwal E-Motors Private Limited, announced that its Board of Directors approved a revision in the pricing structure of its products. The Board meeting was held on Tuesday, April 7, 2026, and the pricing revision is effective from the same date.The company stated that the pricing adjustment was part of its normal course of business operations, undertaken after considering various commercial and operational factors. The rationale provided for this revision included alignment with market conditions, input costs, and the overall business strategy. The revised pricing is expected to have an impact on the revenue and...

Zota Health Care Reports Davaindia Store Expansion Update for Q4FY26 Zota Health Care Limited reported a robust expansion of its Davaindia store network during the fourth quarter of fiscal year 2026 (Q4FY26), adding 248 new stores.The company's store count data for Q4FY26 indicates significant growth across its store formats. A detailed breakdown of the store figures is provided below:Store TypeTotal stores as on 31-12-2025Opened during Q4FY26Total Stores opened during FY26Total Stores as on 31-03-2026COCO*14382188041656FOFO89330193923Total stores23312489972579Overall, the company reported a total addition of 248 Davaindia stores during Q4FY26, contributing to a total increase of 997 stores opened during the entire...

National Company Law Tribunal Approves Amalgamation Scheme for Oberoi Realty Limited The National Company Law Tribunal (NCLT) Mumbai Bench-I has approved the Scheme of Amalgamation between Nirmal Lifestyle Realty Private Limited and Oberoi Realty Limited. The approval was pronounced by the Tribunal on April 6, 2026, concerning CP (CAA) No. 14/MB/2026 in CA (CAA) No. 264/MB/2025.The amalgamation involves Nirmal Lifestyle Realty Private Limited, which served as the Transferor Company, merging with Oberoi Realty Limited, the Transferee Company.Company Profiles and Scheme Details Nirmal Lifestyle Realty Private Limited, initially incorporated as Sardarmal Prithviraj Investments & Finance Limited on November 14, 1995, changed its name to...

Pace Digitek Reports Resignation of Business Head - Energy Pace Digitek Limited announced the resignation of Mr. Sunil Jayam, the Business Head - Energy. The resignation was tendered via email on March 30, 2026, and was officially accepted on April 07, 2026. The company stated that Mr. Jayam's last working day would be considered as the close of business hours on May 30, 2026.The details surrounding the change in senior management personnel are noted in the company's records and will be taken into account during the upcoming Board Meeting.The company provided a summary of the details concerning the departure, which is detailed below.Sr. No.ParticularsDetails1.Name & DesignationMr. Sunil Jayam, Business Head - Energy...

IKS Health Launches Audit-Ready Autonomous Coding Engine Combining AI and Human Expertise IKS Health has announced the launch of its AI-driven revenue cycle management (RCM) audit-ready coding engine. This new offering combines advanced automation with expert human coders, aiming to enhance coding accuracy and reduce claim denials.The autonomous coding engine delivers up to 95% coding accuracy and is designed to handle the complexities of U.S. claims, where the average denial rate is cited at 12%. The system is integrated with Epic and is available within the Epic Connection Hub.Core Functionality and Accuracy Improvements The IKS Health solution utilizes structured and coding-ready clinical documentation to smartly analyze patient...

Tanla Platforms Limited Receives Income Tax Demand Notice for Assessment Year 2020-21 Tanla Platforms Limited announced that it has received a Demand Notice from the Income Tax Department concerning the assessment year 2020-21. The notice, dated March 31, 2026, demands a sum of Rs. 46,90,26,230/-, inclusive of interest.The notice relates to an allegation of non-withholding or short-withholding of TDS on the asset-purchase consideration during the fiscal year 2018-19.The company noted that the delay in submitting the required information was attributed to the time needed to secure necessary confirmation or consent from the Seller as per the Share/Asset Purchase Agreement (SPA), alongside the completion of internal reviews and...

Muthoot Finance Announces Record Date for Interim Dividend Payout Muthoot Finance Limited has confirmed the record date for determining shareholder entitlement for an interim dividend, subject to the Board of Directors' approval. The actual record date is set as Friday, April 17, 2026.Shareholders whose names appear as on the close of business hours on April 17, 2026, will be entitled to the interim dividend. This entitlement covers shareholders holding shares either as beneficial owners, as per the list furnished by the Depositories for shares in electronic form, or as Members recorded in the Company's Register of Members for shares held in physical form.The company stated that in the event the interim dividend is declared, the...

Lancor Holdings Appoints Mr. M.V.D. Kumar as Vice President Sales & Marketing Lancor Holdings Limited announced the appointment of Mr. M.V.D. Kumar as Vice President Sales & Marketing, effective from April 7, 2026. The Board of Directors approved this appointment via resolution by circulation, based on a recommendation from the Nomination and Remuneration Committee.The appointment recognizes Mr. Kumar as Senior Management Personnel of the Company.Mr. M.V.D. Kumar brings extensive experience to the role. He holds a B.Tech in Mechanical Engineering from Coimbatore Institute of Technology (CIT) and an MBA in Marketing from the National Institute of Business Management. He is noted as a dynamic sales and marketing leader with over 30...

Prime Cable Industries Limited Secures BIS License for Solar Cable Manufacturing Prime Cable Industries Limited has secured a license from the Bureau of Indian Standards (BIS) authorizing the manufacturing of Electric Cables designated as Solar Cables for Photovoltaic Systems. This approval pertains to a Rated Voltage of 1500 V d.c., utilizing Conductor Class 5.The facility where the company obtained this BIS license is located at C-60, RIICO Industrial Area, Ghiloth, Neemrana, Alwar 301705.The acquisition of this BIS approval is significant as it enables the company to enter high-value government, renewable energy, and utility markets. Compliance with mandatory standards for the manufacturing of Electric Cables (Solar Cables) for...

Manappuram Finance Records Tendered Shares in Open Offer As of April 7, 2026, Manappuram Finance Limited recorded the tender of a specific number of Equity Shares in connection with the Open Offer for acquiring up to 24,42,27,387 fully paid up equity shares. The shares have a face value of IN 2 (Indian Rupees Two) Each and represent 26.00% of the Expanded Voting Share Capital of Manappuram Finance Limited.The Open Offer was initiated by BC Asia Investments XXV Limited, which acted as the Acquirer. The transaction involves several parties acting in concert with the Acquirer for the purpose of the Open Offer, including:BC Asia Investments XIV Limited (PAC 1) BC Asia Investments XXIV Limited (PAC 2) BC Asia Investments XXVI Limited...

Maheshwari Logistics Limited Announces Appointment of Investor Relations Agency Maheshwari Logistics Limited confirmed the appointment of a new Investor Relations agency and designated a specific email channel for all investor queries, effective April 7, 2026.The company announced the appointment of Finportal Investments Private Limited to serve as its Investor Relations (IR) Agency, providing advisory services starting April 7, 2026. This advisory role pertains to investor relations matters.Furthermore, for all stakeholder and investor-related concerns, the company has established a dedicated email address. All future communication regarding investor matters must be directed to IR@indofarm.in.The information concerning the IR...

Rachana Infrastructure Limited Receives Tax Demand Order from CGST Authority Rachana Infrastructure Limited has received an Order-in-Appeal from the Commissioner of CGST & Central Excise (Appeals), Surat, concerning a demand for tax, applicable interest, and penalty under the Goods and Service Tax Act 2017.The demand stems from the alleged availment and utilization of ineligible input tax credit, as per the provision of section 74 of the CGST/Gujarat GST Act.The Order-in-Appeal No. CCESA-SRT(APPEAL) RHM-529-530/2025-26 dated March 19, 2026, mandates a tax demand of Rs. 1.24 Crore, along with applicable interest and equivalent penalty.Key details regarding the received order are provided in the following table...

Regency Fincorp Ltd Board Meeting Scheduled for April 10, 2026 The Board of Directors of Regency Fincorp Ltd is scheduled to meet on Friday, April 10, 2026. The meeting has been called to consider and approve several key corporate actions.Among the items slated for consideration, the board will address the issue of listed secured redeemable non-convertible debentures on a private placement basis for both residents and non-residents. Additionally, the board meeting is set to approve the appointment of a Debenture Trustee for this specific issue of listed secured redeemable non-convertible debentures.Regency Fincorp Ltd operates under the name of Regency Investments Limited in its former capacity. The company’s corporate and...

Life Insurance Corporation of India Board Meeting Scheduled to Consider Bonus Share Proposal The Life Insurance Corporation of India (LIC) has announced that its Board of Directors will convene a meeting on Monday, April 13, 2026. The primary purpose of the meeting is to consider and recommend a proposal for the issue of Bonus shares, subject to the requisite approval of the Corporation's shareholders.The company also confirmed details regarding its trading window. The trading window for dealing in the equity shares of LIC is currently closed. This closure is governed by regulations pertaining to the prohibition of insider trading and will remain in effect until 48 hours after the announcement of the financial results for the quarter...

Mphasis Ltd to Host Earnings Conference Call for Results Ending March 31, 2026 Mphasis Ltd has scheduled an Earnings Conference Call for Investors and Analysts following the announcement of its financial results for the quarter and year ended March 31, 2026.The conference call is set for Thursday, April 30, 2026, commencing at 8:30 AM Indian Standard Time (IST). Participation will be conducted virtually.Participants can access the event through the following registration link: https://services.choruscall.in/DiamondPassRegistration/register?confirmationNum ber=1702737&linkSecurityString=dd6577087. Additionally, the management will host a webcast presentation accessible via https://links.ccwebcast.com/?EventId=MPH300426.For audio...

Orchid Pharma Announces Investor Roadshow Featuring Whole Time Director Orchid Pharma Limited confirmed an Investor Roadshow scheduled for April 10, 2026. The event will feature Mr. Mridul Dhanuka, the Whole Time Director of the company.The details for the investor meeting are as follows:Day & DateMeeting TypeModePlaceFriday, April 10, 2026Group MeetPhysicalGurugramThe company stated that no Unpublished Price Sensitive Information is proposed to be shared by Orchid Pharma Limited during the investor meet.ORCHPHARMA Stock Price Movement Orchid Pharma Limited shares shed 2.46% today, closing at ₹518.4 after sliding by ₹13.05 in after-hours trading. The stock saw a total volume of 96,616 shares traded for the day.Source:

Independent Director Resignation: Sanjeev Kishore Steps Down from Century Extrusions Limited Board Sanjeev Kishore has tendered his resignation as an Independent Director of Century Extrusions Limited, effective from the closure of business hours on April 7, 2026.The resignation announcement indicates that Mr. Kishore has decided to step down to explore new professional opportunities within the corporate advisory space, with a specific focus on supporting and advising Micro, Small and Medium Enterprises (MSMEs).The resignation letter confirms that there are no other material reasons for his departure beyond those stated.Details regarding the change in directorship are as follows:ParticularsDetailsNameMr. Sanjeev Kishore...