Markets

Sumuka Agro Industries Ltd Changes Name to Gujjubhai Industries Limited Following Merger Gujjubhai Industries Limited, formerly known as Sumuka Agro Industries Limited, has completed the name change following a Scheme of Merger by Absorption. The new name change was approved by the Ministry of Corporate Affairs, effective from April 6, 2026.The absorption involved Gujjubhai Foods Private Limited acting as the Transferor Company, merging with Sumuka Agro Industries Limited, which was the Transferee Company.The process for the name change followed the approval of the Scheme of Merger by Absorption. The Scheme was sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Mumbai bench, vide its order dated February 4, 2026...

Mish Designs Ltd Expands Retail Presence with New Exclusive Outlet in Indore MISH Designs Ltd, a contemporary women's fashion brand, has expanded its retail footprint with the opening of a new exclusive brand outlet at Citadel, Phoenix Mall, Indore. This expansion marks a key milestone in the company's ongoing offline retail expansion strategy.The new Indore store establishes MISH's presence in the city, following prior successful launches in Pune and Raipur. The launch reinforces the brand's commitment to strengthening its visibility in emerging fashion-forward markets.The outlet in Indore is designed to provide an elevated and immersive shopping experience, showcasing the brand's latest collections across various categories to...

PTC India Financial Services Ltd Receives Credit Rating Updates from CRISIL Ratings PTC India Financial Services Ltd announced updates to its credit ratings from CRISIL Ratings. The rating review covers several instruments, reflecting reassurances for certain debt facilities.The rating updates from CRISIL Ratings for PTC India Financial Services Ltd are detailed below:InstrumentRating Update of CRISIL RatingsNon-Convertible DebentureCrisil A/ Negative (Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed with 'Negative' outlook)Fund based-Term LoanCrisil A/ Negative (Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed with 'Negative' outlook)Fund based-Short TermCrisil A1...

KRN Heat Exchanger Subsidiary Secures Export Order for Heat Exchanger Coils KRN Heat Exchanger and Refrigeration Limited has reported that its wholly owned subsidiary, KRN HVAC Products Private Limited, has secured a significant export order for the supply of Heat Exchanger Coils.The export order details, which represent a normal business transaction, show an estimated single order value of approximately INR 55 Crore. The delivery period for this consignment is stipulated as per the terms of the order.The company confirmed that the awarded project does not involve any internal orders. Furthermore, KRN Heat Exchanger and Refrigeration Limited noted that the Promoters, Promoter Group, and Group Companies have no interest in the...

Housing and Urban Development Corporation Limited Notes Completion of Independent Directors' Tenure Housing and Urban Development Corporation Limited, a Government of India Enterprise, reported the cessation of tenure for two Independent Directors. The change follows orders issued by the Ministry of Housing and Urban Affairs (MoHUA), Government of India.On April 6, 2026, the tenure of two individuals concluded, resulting in their stepping down as Independent Directors of HUDCO.The directors whose tenure concluded on April 6, 2026, are:Shri Kantilal Chaturbhai Patel (DIN: 06610367) Smt. Sabitha Bojan (DIN: 09398364)This update is based on Orders No. A42012(12)/2/2019-AA-UD-Part(1)(E-9086347) dated April 7, 2025, from the Ministry...

Lupin Earns Great Place To Work® Certification for 2026-27 Global pharmaceutical major Lupin Limited announced today that it has received the Great Place To Work® certification for 2026-27. This recognition positions Lupin among select pharmaceutical companies to achieve this certification through a global study that spanned all its subsidiaries and geographies.The achievement highlights the organization's dedication to employee experience and its inclusive culture. Lupin recorded an 85% participation rate from its employees, whose input was central to the evaluation process.Yashwant Mahadik, President - Global Human Resources, Lupin, commented on the recognition, stating, "We are honored to receive this global certification from...

Simplex Papers Ltd Reports Cessation of Independent Director Tenure Simplex Papers Ltd confirmed that Smt. Sita Sunil (DIN: 00041722) has completed her first term of five years as an Independent Director, resulting in her cessation as a Director of the Company effective from the close of business hours on April 6, 2026.The company noted that with this change, Smt. Sita Sunil also ceased to serve as the Chairperson of the Audit Committee and Nomination & Remuneration Committee, and as a Member of the Stakeholders' Relationship Committee. The Board of Directors acknowledged her valuable contributions, guidance, and support throughout her tenure.The composition of key board committees underwent changes effective April 7, 2026.The...

N R Vandana Tex Industries Completes Extra Ordinary General Meeting The Extra Ordinary General Meeting of N R Vandana Tex Industries Limited took place on April 7, 2026, at the Kolkata venue of 220, Mahatma Gandhi Road, Barabazar, Kolkata, West Bengal, 700007. The meeting commenced at 10:00 A.M. and concluded at 10.30 A.M. on the same day.Mr. Prabhu Lohia, Managing Director of the Company, chaired the proceedings. The Chairman noted that e-voting was operational from 09:00 A.M. on April 4, 2026, and concluded at 5:00 P.M. on April 6, 2026. Following the confirmation of the requisite quorum, the meeting proceeded with the business items outlined in the notice.Special Business Item During the session, the primary item of business...

KP Green Engineering Ltd Achieves Successful Crash Test Certification for W-Beam Barrier KP Green Engineering Limited announced the successful completion of the crash test for its W-Beam Crash Barrier H1 (TB42) at the National Automotive Test Tracks (NATRAX). The testing confirmed the barrier's compliance with EN 1317-2 standards.The achievement is notable as the company passed the test on its first attempt, an indicator of the strength in its design, engineering precision, and overall product quality.The crash barrier system underwent rigorous impact testing under conditions involving defined angles, speeds, and vehicle loads. During the evaluation, the barrier demonstrated several key performance attributes, including:Effective...

Enkei Wheels (India) Ltd Ratifies Appointment of Senior Vice President The Board of Directors of Enkei Wheels (India) Ltd has ratified the appointment of Mr. Sandeep Ohol as Senior Vice President. This designation became effective from January 1, 2026, with Mr. Ohol subsequently being designated as Senior Management Personnel (SMP) effective from the date of the Board Meeting, February 27, 2026.The designation as Senior Management Personnel was executed due to the company's restructuring of internal reporting systems.In line with the definition that 'senior management' includes all members of the management one level below the Chief Executive Officer or Managing Director or Whole Time Director or Manager, the Board of Director...

SBI Cards and Payment Services Ltd Receives ESG Score of 71 SBI Cards and Payment Services Ltd has been assigned an Environmental, Social, and Governance (ESG) Score of 71. The rating was provided by ESG Risk Assessments & Insights Limited, a SEBI Registered ESG Rating Provider.The ESG assessment provides insights into the company's environmental, social, and governance performance.The company's listing details are noted as follows:Company Name: SBI Cards and Payment Services Ltd Date: April 7, 2026 BSE Scrip Code: 543066 Symbol: SBICARD Security: Equity SharesThe ESG Score of 71 reflects the assessment conducted by ESG Risk Assessments & Insights Limited.SBICARD Stock Price Movement As of 10:39 AM, SBI Cards and Payment...

Jindal Stainless Names Ranveer Singh as First Brand Ambassador to Boost Brand Outreach Jindal Stainless Ltd, India's leading stainless steel manufacturer, has announced Ranveer Singh as its first brand ambassador and nationwide celebrity endorser. This association marks a significant effort by the company to broaden its brand visibility and deepen its connection with consumers.Ranveer Singh, celebrated for his performance and reliability, shares a persona that mirrors the core ethos of the brand. Through this partnership, Ranveer Singh will lead campaigns across television, digital, and social media, reinforcing stainless steel's role as a trusted material in powering India's development. The company stated this marks the first...

Regal Entertainment & Consultants Ltd Confirms Specific Investor Application for Rights Issue Regal Entertainment & Consultants Ltd confirmed the details of applications to participate in the Rights Issue from an identified 'Specific Investor'. The information relates to applications submitted before 11 A.M. on the Issue Opening Date, Tuesday, April 07, 2026.The specific investor detailing the application is Northern Lights Ventures Private Limited, whose promoter is listed as Shreyash Vinodkumar Chaturvedi.The table below details the application submitted by the Specific Investor:Sr. No.Name of Specific investor (Renouncee)Name of Promoter (Renouncer)Number of RE (as declared as specific investor)No. of Shares applied for (as...

Himalaya Food International Ltd Board Approves Capital Increase, Financial Settlements Himalaya Food International Ltd. held its Board of Directors meeting on April 7, 2026, via Video-conferencing mode. During the meeting, the board considered and approved several key business items impacting the company's capital structure and financial standing.The board took note of and approved the increase in the Authorised Share Capital of the Company. Furthermore, M/S Kumar Rupak & Associates was appointed as the Statutory Auditor of the Company.Financial Approvals and Settlements A significant part of the board's discussions involved financial matters related to loan settlements and fund raising. The board considered and approved final...

SBI Mutual Fund Acquires Shares in Powerica Ltd SBI Mutual Fund, through its various schemes, has increased its holding in Powerica Ltd after acquiring 57,92,485 shares on April 2, 2026.The final holding of SBI Mutual Fund, across its various schemes, stood at 83,49,444 shares as of the close of business on April 1, 2026. This represents a stake equivalent to 6.5976% of the paid up share capital of Powerica Ltd.The details of the acquisition are presented below.CategoryDetailsTarget CompanyPOWERICA LIMITEDAcquirerSBI MUTUAL FUND under its various schemesShares Acquired57,92,485Acquisition DateApril 2, 2026Pre-acquisition Holding (Shares)25,56,959Pre-acquisition Holding (% of Capital)2.0205%Post-acquisition...

Sona BLW Precision Forgings Ltd. announced the achievement of two significant production milestones, stating that it has successfully manufactured 500 million differential gears and 10 million differential assemblies since its inception. This development reinforces the company's standing as a key global driveline solutions provider.The company, which designs and manufactures components for Battery Electric Vehicles (BEV), Passenger Vehicles, Commercial Vehicles, and Offhighway Vehicles, highlighted its expanding role in the mobility sector. Sona Comstar continues to strengthen its presence across conventional and electric mobility platforms. Company estimates suggest that Sona Comstar held an estimated 8.7% global market share in...

Gold Rate Today: MCX Gold Prices Slip on Profit Booking as Strong Dollar Weighs Gold Price Movement on April 7 Gold prices on the Multi Commodity Exchange (MCX) declined on Tuesday, April 7, as profit booking weighed on the yellow metal. The fall comes amid continued strength in the US dollar, which has remained above the 100 mark, limiting upside in gold.As per the latest available data, MCX gold futures (June 5, 2026 expiry) were trading at ₹1,49,841 per 10 grams, down ₹140 or 0.09% in intraday trade. The previous close stood at ₹1,49,981.Strong Dollar Pressures Gold Prices The decline in gold prices is primarily attributed to the sustained strength in the US dollar index. A stronger dollar typically makes gold more expensive for...

SKM Egg Products Reports No Bird Flu Incidents at Tamil Nadu Poultry Farms SKM Egg Products Export (India) Limited has confirmed there are currently no incidences of bird flu within its poultry farms. The company emphasized that all egg production is exclusively managed in Tamil Nadu, noting that it does not have operations in Kerala, an area where avian influenza cases were previously reported.The company affirmed its status as a poultry farm recognized by the Government of India as an avian influenza-free compartment farm. Continuous and rigorous surveillance is maintained for the birds to prevent avian influenza, Newcastle disease, and salmonella.To bolster preventive safeguards, the company has taken several steps on its...

GK Energy Limited Board Meeting Approves Regularization of Independent Director GK Energy Limited announced that its Board of Directors, at a meeting held on Tuesday, April 07, 2026, approved several key business decisions concerning its governance structure.The board took action regarding the regularization of Mr. Subhash Vasant Ghaisas (DIN: 11479724) as a Non-Executive Independent Director. Following the recommendation of the Nomination and Remuneration Committee, the Board approved regularizing Mr. Ghaisas, who was previously appointed as an Additional Non-Executive Independent Director. This regularization pertains to a tenure as a Non-Executive Independent Director who is not liable to retire by rotation. The approval is subject...

Lodha Developers Reports Quarterly Results: Pre-sales Reach ₹ 58.9bn in Q4FY26 Lodha Developers Limited announced its key operational updates for the fourth quarter of fiscal year 2026 (Q4FY26), detailing robust growth in pre-sales and collections.The company reported that pre-sales for Q4FY26 amounted to ₹ 58.9bn, marking a 23% year over year increase. For the full fiscal year 2026 (FY26), total pre-sales stood at ₹ 205.3bn, indicating a 16% year over year growth.Collections for Q4FY26 were ₹ 52.3bn, showing an 18% year over year increase. These collections significantly picked up from the previous quarter as construction activity accelerated. Over the entire FY26, total collections reached ₹ 151.6bn, reflecting a 5% year over year...