Markets

Praxis Home Retail Ltd Approves Grant of 5,00,000 Stock Options The Nomination and Remuneration Committee of Praxis Home Retail Ltd on April 07, 2026, approved the grant of 5,00,000 stock options to eligible employees under the 'Praxis Employee Stock Option Plan 2024' (ESOP Scheme). The exercise price set for these options is Rs. 5/- per option.The details regarding the stock option grant are provided in an annexure detailing the terms of the ESOP Scheme.According to the data presented in the annexure, the key details of the options granted are as follows:ParticularsGrant under ESOP SchemeBrief details of options granted5,00,000 optionsWhether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity)...

Vippy Spinpro Ltd Receives Credit Ratings From HDFC Bank Ltd Vippy Spinpro Ltd announced the credit ratings assigned to its various facilities by HDFC Bank Ltd. The ratings cover Term Loans, Fund Based Limits, and Non-Fund Based Limits.The ratings assessment provides details on the facility structure, with amounts listed in Rs. Crore.Name of LenderFacilityAmount (Rs. Crore)RatingHDFC Bank Ltd.Term Loans86.57CARE BBB+; Stable (Triple B Plus; Outlook: Stable)HDFC Bank Ltd.Fund Based Limits40CARE BBB+; Stable / CARE A2 (Triple B Plus ; Outlook: Stable / A Two)HDFC Bank Ltd.Non-Fund Based Limits0.3CARE BBB+; Stable / CARE A2 (Triple B Plus ; Outlook: Stable / A Two)Stock Price Movement At the close on Monday, Vippy...

SEBI Issues Final Order Cancelling Registration of Basan Financial Services Limited The Securities and Exchange Board of India (SEBI) released a Final Order on April 07, 2026, concerning Basan Financial Services Limited, resulting in the cancellation of its certificate of registration. The action was taken under Section 12(3) of the Securities and Exchange Board of India Act, 1992, read with Regulation 27 of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.Basan Financial Services Limited was registered with SEBI as a Merchant Banker (MB) under registration number INM000011989.Background and Findings SEBI conducted an inspection of the company at its Hyderabad registered office on September 08, 2023...

Bajaj Finance Allots 34,72,439 Equity Shares to BFL Employee Welfare Trust Bajaj Finance Limited (BFL) announced that its Allotment Committee allotted 34,72,439 equity shares to the Trustees of BFL Employee Welfare Trust. This allotment occurred during a committee meeting held on April 7, 2026, concerning the issue of equity shares under the Employee Stock Option Scheme, 2009.The details of the allotted shares across various grant dates are provided in the following table:Sr. no.Grant DateGrant Price (Rs.)Shares allotted1.17 May 20181924,56,0562.16 May 2019300.288,25,1423.19 May 2020193.866,84,8544.27 April 2021473.669,63,9315.26 April 2022700.5544,9226.26 April 2023607.533,38,6617.25 April 2024732.921,58,873...

Muthoot Finance Ltd Board Meeting Scheduled to Consider Interim Dividend Muthoot Finance Limited has scheduled a meeting of its Board of Directors to consider the declaration of an interim dividend for the financial year 2025-26.The board meeting is set to take place on Friday, April 10, 2026, at The Muthoot Group premises in Kochi.Furthermore, the record date for determining shareholder entitlements for this potential interim dividend has been set as Monday, April 13, 2026. This record date is subject to the approval of the interim dividend by the Board of Directors.Shareholders who are recorded as on the close of business hours on April 13, 2026, will be entitled to the interim dividend, should it be declared. The payment of the...

Pennar Industries Ltd to Hold Board Meeting on April 10, 2026 Pennar Industries Ltd confirmed that its Board of Directors meeting is scheduled for Friday, April 10, 2026. The meeting will take place at the Company’s registered office in Hyderabad.The primary focus of the Board meeting is to consider the issue of equity shares and/or convertible securities, including warrants, on a preferential basis. This proposed transaction falls under the scope of SEBI (ICDR) Regulations, 2018, and will include the determination of the issue price, subject to applicable laws.In operational updates, the Company noted that the Trading Window for dealing in its equity shares by designated persons and their immediate relatives has been closed. This...

Sayaji Hotels Ltd Notes Appointment of Director Following Postal Ballot Approval Sayaji Hotels Ltd has confirmed the appointment of Mr. Kayum Razak Dhanani as a Non-Executive Non-Independent Director of the Company. The appointment followed the approval granted by the members through a Postal Ballot conducted via remote e-voting.The company confirmed the results of the postal ballot, including the Scrutinizer's Report and Voting Results, were submitted to the Exchange on April 7, 2026.According to the details provided regarding the change in management, Mr. Kayum Razak Dhanani was initially appointed as an Additional Director on February 10, 2026, during a Board Meeting. Subsequently, his appointment was formally approved by the...

Apollo Sindoori Hotels Limited Appoints Director for UK Subsidiary Apollo Sindoori Hotels Limited has appointed Mr. Lodugureddygari Lakshmi Narayana Reddy as a Director of Sindoori Management Solutions Limited, United Kingdom. The appointment becomes effective from April 01, 2026.Sindoori Management Solutions Limited, United Kingdom, is a wholly owned subsidiary of Sindoori Management Solutions Private Limited, which itself is a wholly owned subsidiary of Apollo Sindoori Hotels Limited.The details pertaining to this appointment are as follows:S. NOItem for DisclosureDescription1Reason for change viz. appointment, reappointment, resignation, removal, death or otherwiseAppointment of Mr. Lodugureddygari Lakshmi Narayana Reddy...

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...