Markets

Samvardhana Motherson Subsidiary Settles Subcontracting Disputes in South Korea Samvardhana Motherson International Limited announced the settlement of dues and claims arising from subcontracting transactions involving its indirect wholly owned subsidiary, SMR Hyosang Automotive Ltd., in South Korea.The settlement details were established through a mediation agreement entered into by SMR Hyosang Automotive Ltd., South Korea, with its sub-contractor. This process was overseen by the Subcontracting Dispute Mediation Committee (SDMC) of the Korea Fair Trade Mediation Agency.According to the details provided, a Mediation Agreement was formally entered into on April 06, 2026. The settlement pertains to claims emanating from...

Magellanic Cloud Reports Promoter Group Shareholding Details as of March 31, 2026 Magellanic Cloud Ltd, formerly known as South India Projects Limited, confirmed details regarding the pledged equity shares held by its Promoter and Promoter Group as of March 31, 2026.On April 7, 2026, the company reported that as on March 31, 2026, an aggregate of 10,94,83,767 equity shares held by the promoters stood pledged. The promoters confirmed that the details of encumbrances created by way of pledge over their equity shares had been disclosed to the Stock Exchanges during the financial year ended March 31, 2026, in compliance with applicable regulations. Furthermore, they stated that no additional encumbrance had been created directly or...

SPL Industries Limited Clarifies Promoter Shareholding Discrepancy SPL Industries Limited detailed a clarification regarding the shareholding of Sunil Kumar & Sons, which forms part of the Promoter Group, addressing discrepancies noted between its quarterly shareholding pattern reports and records available with the Designated Depository (CDSL).The company reported 1,91,700 equity shares in the name of Sunil Kumar & Sons under Table II concerning the promoter and promoter group shareholding pattern submitted to the Stock Exchange. However, CDSL data reflected an additional entry of 216 equity shares under the Promoter & Promoter Group category, accompanied by a Dummy PAN, resulting in a difference of 216 shares.Upon detailed...

Prince Pipes Completes Second Phase Acquisition of Bhuj Manufacturing Facility Prince Pipes and Fittings Limited (PPFL) has announced the completion of the second phase of an Asset Purchase Agreement (APA). This acquisition pertains to identifying assets at Bhuj, Gujarat, and reinforces the company's strategic expansion within the Bathware segment.The APA was initially announced on March 20, 2024, and was structured in two phases. The first phase involved acquiring the Aquel brand along with associated moulds, dies, and intellectual property, allowing the company to begin integrating the bathware portfolio into its offerings.Today, the company confirmed the completion of the second phase of the APA with Klaus Waren Fixtures Private...

SRF Limited Details Pending Litigation with Income Tax Department for Assessment Year 2022-23 SRF Limited provided details regarding pending litigation for Assessment Year 2022-23, noting the dispute involves the Income Tax Department. The company stated that the management does not believe the order is legally sustainable and that suitable legal remedies are currently being pursued.The details of the litigation are summarized below:Litigation DetailDescriptionAssessment UnitIncome Tax DepartmentExpected Financial ImplicationsIn the opinion of the management, the order is not legally sustainable. Accordingly, suitable legal remedies as stated above are being pursued. There is no immediate impact on financial, operational or...

WPIL Ltd Receives Credit Rating Confirmation from CARE Rating Limited WPIL Ltd confirmed its credit rating details with CARE Rating Limited on April 07, 2026. The rating assignment and reaffirmation covered various bank facilities provided to the company.The rating assessment detailed the status of multiple financing facilities across different terms. The company's rating highlights are presented below:Sr. No.FacilitiesAmount in CroreRatingRating Action1Long Term Bank Facilities75CARE A+; StableAssigned2Long Term Bank Facilities257.21CARE A+; StableReaffirmed3Long Term/Short Term Bank Facilities813.79CARE A+; Stable/CARE Al+Reaffirmed4Short Term Bank Facilities25CARE Al+ReaffirmedStock Price Movement At the close...

Mangalam Industrial Finance Details Share Pledge of Shares Yatin Sanjay Gupte, a promoter of Mangalam Industrial Finance Limited, disclosed the creation of an encumbrance on the company's shares. The transaction involved pledging 17,543,895 Equity shares in favor of Blacksoil Capital Private Limited.The details of the acquisition and pledge were made in connection with a declaration under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The shareholding structure data provided in the disclosure outlines the following holdings for Mangalam Industrial Finance Limited:ParameterYatin Sanjay GuptePAC: Wardwizard Solutions India Private LimitedTotal HoldingShares Carrying Voting Rights...

Litigation Matters Resolved for Mahindra Lifespace Developers Ltd Mahindra Lifespace Developers Ltd. reported the disposal of a pending litigation matter at the Principal District Court in Thiruvallur, marking a key development for the company's subsidiary operations. The company confirmed that the matter was disposed of following a favourable Order issued on February 12, 2026.The details concerning the litigation status were provided in a report dated April 7, 2026.The core event relates to a dispute between Harsha Estates & Others (Harsha) and Mahindra World City Developers Limited (MWCDL)/MIPCL. The litigation was held at the Principal District Court, Thiruvallur.According to the details provided, the following key developments...

Sadhav Shipping Limited Reports Closure of Group Company Sadhav Drydocks Private Limited Sadhav Shipping Limited announced that its group company, Sadhav Drydocks Private Limited, has been struck off by the ROC Mumbai-1, effective from April 7, 2026.The company's announcement confirmed the dissolution status through the STK-7 Notice of Striking Off and Dissolution, which was issued by the Ministry of Corporate Affairs on April 7, 2026.The notice details the process by which the company's name was struck off the Register of Companies, confirming its dissolution status. Sadhav Drydocks Private Limited is listed among the companies whose names were struck off on that date.The following table provides the reference details for Sadhav...

GACM Technologies Limited Board Approves Issuance of FCCB, STPI Registration, and EGM Details The Board of Directors of GACM Technologies Limited, in a meeting held on Tuesday, April 07, 2026, approved several key corporate actions related to financing, expansion, and shareholder engagement.The Board sanctioned the issuance of a foreign currency convertible bond (FCCB) for an amount not exceeding US$699,000,000.00 (US Dollar Six hundred and ninety Nine Million). This issuance can be structured through permissible modes, whether listed or unlisted, and across one or more tranches, subject to all requisite approvals, including those from shareholders and regulatory and statutory bodies. To facilitate this, the Board established and...

Central Mine Planning & Design Institute Announces Changes in Senior Management Personnel Central Mine Planning & Design Institute Limited reported several changes in its Senior Management Personnel (SMP) on April 7, 2026. The company, which operates as a subsidiary of Coal India Limited and a Government of India Public Sector Undertaking, recorded superannuation for two key members and subsequent appointments for others.The management updates detail the following transitions:Dr. Kunal Das retired due to superannuation. Randip Singh also retired upon superannuation.The company announced appointments for Bhim Singh and Satish Neeraj Kumar. Bhim Singh was appointed as an SMP upon assuming charge on April 6, 2026. His appointment...

Konstelec Engineers Limited Completes Electrical Work-I for Rajasthan Refinery Project Konstelec Engineers Limited has successfully completed the Electrical Work-I for HPCL Rajasthan Refinery Limited. This work is part of the broader project Execution of Residual Utilities and Offsites for Rajasthan Refinery Project (RRP-RUO) on OBE Mode.The value of the executed work amounts to approximately Rs. 26 crores.The completion of this segment was formally certified by HPCL Rajasthan Refinery Limited. Konstelec Engineers Limited received confirmation of this completion on April 07, 2026.KONSTELEC Stock Price Movement Today, Konstelec Engineers Limited shares edged higher to close at ₹31.95, rallying 4.93% in after-hours trading. The...

CARE Edge Ratings has revised the credit ratings for DCM Shriram Industries Ltd pertaining to its long-term and short-term bank facilities, as well as its fixed deposit programme. These revisions were made based on the operational and financial performance for the Financial Year 2024-25 and the nine-month period ended December 31, 2025. The review also took into account the Composite Scheme of Arrangement approved by the National Company Law Tribunal (NCLT).In a letter dated April 1, 2026, CARE Ratings detailed the rating changes.The key credit ratings reviewed are presented below:FacilitiesRatingRemarksLong Term Bank FacilitiesCARE A-; StableDowngraded from CARE A+ and removed from Rating Watch with Negative implications...

CleanMax Commissions 185 MW Wind-Solar Hybrid Project in Gujarat Clean Max Enviro Energy Solutions Limited, India's major renewable energy solutions provider for the commercial and industrial sector, announced the commissioning of a 185 MW hybrid renewable energy project in Kalavad, Gujarat. This development significantly enhances the company's clean energy portfolio within the state.The integrated solar and wind capacity project, developed over approximately 12 months, now supplies green energy to 17 distinct corporate customers. This addition boosts CleanMax's total operational capacity in Gujarat to approximately 844 MW as of March 31, 2026.The project operates under a group captive model. This setup involves corporate customers...

Computer Age Management Services Announces Q4 & FY26 Earnings Call Details Computer Age Management Services Ltd has scheduled an earnings call for investors to discuss the company's performance for Q4 and the fiscal year ending March 31, 2026.The details for the Q4 & FY26 Earnings Call are as follows:Date: Tuesday, May 05, 2026 Time: 11:00 AM, IST Type: Q4 & FY26 Earnings CallThe corporate presentation covering the financial results for the quarter and year ended March 31, 2026, will be hosted on the Company's website and subsequently filed with the Stock Exchanges after the conclusion of the Board Meeting.The call will feature key management personnel, including:Mr. Anuj Kumar - Managing Director Mr. Ramcharan SR - Chief...

Religare Enterprises Ltd Director Resigns; Change in Senior Management Personnel Reported Religare Enterprises Ltd announced the resignation of Dr. Richa Mishra from the role of Director & Group Head - Human Resources. The change in senior management personnel was effective from the close of business hours on April 06, 2026.The details regarding the change are summarized below, confirming the resignation as the reason for the personnel update.S. NoParticularsDetailsName of SMPDr. Richa Mishra, Director* & Group Head-Human ResourceReason for ChangeDue to resignation, as per reasons mentioned in enclosed resignation letter.Date of cessation/ Appointment / re-appointment and term of appointment/ re-appointmentwith effect...

Vishnu Chemicals Ltd to Host Investor Meeting on April 13, 2026 Vishnu Chemicals Ltd has announced the schedule for its upcoming meeting with analysts and institutional investors. The event is set to take place virtually on April 13, 2026.The meeting is scheduled for Investors beginning at 5 PM Onwards.For clarity regarding the schedule, the key details are presented below:DateModeMeeting WithTime of MeetingApril 13, 2026VirtualInvestorsFrom 5 PM OnwardsThe company noted that while changes may occur due to exigencies from either party, no Unpublished Price Sensitive Information is proposed to be shared during the investor meeting.VISHNU Stock Price Movement Today, Vishnu Chemicals Limited shares edged higher to close at...

Biocon Announces U.S. Commercial Launch of Denosumab Biosimilars Bosaya™ and Aukelso™ Biocon Limited, a global biopharmaceutical company, announced the commercial launch of its denosumab biosimilars, Bosaya™ and Aukelso™, in the United States. The availability of these products comes following U.S. FDA approval in September 2025, which granted them an interchangeable designation.Bosaya™ is a biosimilar to Prolia®, while Aukelso™ is a biosimilar to Xgeva®. Both products are now available by prescription nationwide through specialty pharmacies and healthcare providers.Shreehas Tambe, CEO & Managing Director of Biocon Limited, stated that the U.S. introduction marks a strategic expansion of the company's biosimilars portfolio. He noted...

Asian Star Company Ltd Announces Resignation of Senior Management Personnel Mr. Ranajit K. Pattanaik has resigned from his position as Vice President (Operation) Hosur Unit at Asian Star Company Ltd. The resignation is effective from March 31, 2026, with the stated reason being a health issue.The details concerning the senior management personnel's change are summarized below:ParticularsDetailsName of Senior Management PersonnelMr. Ranajit K. PattanaikReason for changeDue to health issueDate of cessationMarch 31, 2026Brief profile (in case of appointment)Not ApplicableDisclosure of relationships between Directors (in case of appointment of a director)Not ApplicableThe resignation letter confirms that the...

Arvind SmartSpaces Completes Stake Acquisitions and Disposals Arvind SmartSpaces Ltd, a leading real estate development company, has executed transactions involving its subsidiary and a divestment of its stake in that subsidiary. The company's activities include the acquisition of a stake in Oxford Navrang Realtors Pvt. Ltd (ONRPL) by its wholly owned subsidiary and the sale of shares held by the parent company.Arvind Skyline Private Limited (ASPL), the wholly owned subsidiary of Arvind SmartSpaces Ltd, acquired 4,900 equity shares of Rs. 10/- each from Oxford Navrang Realtors Pvt. Ltd (ONRPL). This transaction granted ASPL a 49% stake in ONRPL's paid-up share capital. The acquisition was finalized through a Share Purchase Agreement...