Markets

Prima Plastics Details Scheme of Arrangement with Prima Innovation Prima Plastics Ltd confirmed key details regarding the Scheme of Arrangement between Prima Plastics Limited and Prima Innovation Limited, along with their respective shareholders and creditors.The scheme was previously announced following the receipt of the certified copy of the Order from the National Company Law Tribunal, Ahmedabad Bench. The Scheme of Arrangement was set to be effective on April 1, 2026.Under the terms of the Scheme, the Resulting Company is mandated to issue and allot equity shares to the shareholders of Prima Plastics Limited on a proportionate basis, following a specified ratio.The allotment ratio is structured as follows: one fully paid-up...

Sun Pharma Board Approves Appointment of Ms. Satyavati Berera as Independent Director The Board of Directors of Sun Pharmaceutical Industries Limited approved the appointment of Ms. Satyavati Berera as an Independent Director. The appointment was approved by a resolution passed on April 4, 2026, following the recommendation and approval of the Nomination and Remuneration Committee.The appointment for Ms. Berera carries a term of five consecutive years, effective from the date of shareholder approval. The company noted that the final appointment is subject to the approval of the shareholders through postal ballot.This addition is expected to reinforce the Board's independence, governance effectiveness, and depth of expertise in...

Royal Enfield Updates Hunter 350 Lineup with New Variants and Colourways Royal Enfield announced an expansion to its 2026 Hunter 350 portfolio, introducing a new Base Premium variant and debuting new colourways in the Top variant. The updates aim to broaden the appeal of the Hunter 350 across various markets.The company unveiled the enhanced 2026 Hunter 350 lineup at HunterHood, Royal Enfield's street culture platform, held in Lucknow. Following the Hunter 350's success since its 2022 launch, the additions include a new Base Premium variant in Tarmac Black, alongside two fresh colourways: Mumbai Yellow and Moonshot White.Hunter 350 Base Premium Updates The new Base Premium variant is designed to build upon the Hunter's initial entry...

EPACK Durable Ltd Receives Demand Order Related to GST from Central Goods & Service Tax Division EPACK Durable Ltd has reported receiving a demand order from the Assistant Commissioner, Central Goods & Service Tax Division, Dehradun, Uttarakhand. The order pertains to EPACK Components Private Limited (ECPL), a wholly owned subsidiary of EPACK Durable Limited, which has since merged with the Company effective April 01, 2022.The demand order involves alleged non-payment of GST on a corporate guarantee provided by the erstwhile ECPL to the Company.The Company became aware of this assessment order through the GST Portal on April 04, 2026.The details concerning the order are as follows:S. No.ParticularsDetails1Name of the...

Senco Gold Reports Business Update for Q4 and Full Year 2026 Senco Gold Limited announced its Business Update for the fourth quarter and full fiscal year 2026, detailing significant growth metrics across its operations and providing an outlook for the subsequent fiscal year.Key Highlights of Q4 and FY26On a standalone basis, Senco reported substantial growth in Q4 FY26, largely attributed to the wedding season. Revenue growth in Q4 FY26 reached approximately 46% year over year, contributing to a total full year growth of about 35% YoY for FY26. This compares to a 21% YoY growth recorded in FY25. The topline growth in Q4 included a Significant Sales Season Growth (SSSG) of approximately 34%.The company noted that the wedding season...

Omansh Enterprises Ltd Board Approves Office Changes and Potential MoU with Seller Consortium Omansh Enterprises Ltd's Board of Directors, during a meeting held on April 4, 2026, considered and approved several key corporate actions, including changes to the company's registered and book of accounts addresses, alongside plans for potential acquisitions.The Board meeting was held on Saturday, April 4, 2026, commencing at 12:00 P.M. and concluding at 03:05 P.M.Corporate Address Updates Two primary changes regarding the company's physical locations were approved by the Board.The company's registered office will change from '490, Eldeco Centre, Block A, Shivalik Colony, Malviya Nagar, Delhi 110017' to '2E, 2 nd Floor, M6 Uppal Plaza...

ACS Technologies Becomes Exclusive India Partner for Tahaluf Al Emarat, Bringing AI Innovation to India ACS Technologies Limited announced an exclusive strategic partnership with Tahaluf Al Emarat Technical Solutions L.L.C S.P.C, a UAE-based technology company. Under this agreement, ACS Technologies is appointed as Tahaluf's Exclusive PAN India Reseller, authorized to distribute and implement Tahaluf's complete portfolio of Artificial Intelligence (AI) and Internet of Things (IoT) solutions across government, defence, enterprise, and commercial sectors in India.This collaboration is set to introduce internationally recognized AI innovation to the Indian market, leveraging Tahaluf's established platforms to support initiatives in smart...

Prataap Snacks Ltd Receives Tax Demand of Rs. 15,36,16,600 for Assessment Year 2024-25 Prataap Snacks Ltd has received an Assessment Order and a Notice of Demand concerning its tax assessment for the year 2024-25. The documentation reveals the tax demand, including interest, totals Rs. 15,36,16,600.The Assessment Order, issued under Section 143(3) read with Section 144B of the Income-tax Act, 1961, was dated March 26, 2026. This was accompanied by a Notice of Demand issued under Section 156 of the Act, also dated March 26, 2026. Prataap Snacks Ltd received this information on March 27, 2026.The tax department involved is the Income Tax Department, Faceless Assessment Unit. The demand arose due to additions or disallowances made...

IDBI Bank Limited Releases Quarterly Financial Data Showing Variances IDBI Bank Limited has provided a summary of its financial metrics, presenting key figures across audited and provisional reporting periods for Total Business, Total Deposits, CASA Deposits, and Net Advances.The financial data compares figures from March 31, 2025 (Audited), December 31, 2025 (Unaudited), and a Provisional figure for March 31, 2026. The following table details the performance metrics for IDBI Bank Limited in terms of Crore.Particulars31.03.2025 Audited31.12.2025 Unaudited31.03.2026 ProvisionalVariance YoY%Total Business5,28,6935,46,6436,00,53614%Total Deposits3,10,2943,07,8583,46,99812%CASA Deposit1,44,4791,35,6321,54,8737%Net...

Granules India Completes cGMP Audit at Chantilly Site Granules India Limited announced that its wholly-owned subsidiary, Granules Pharmaceuticals, Inc. (GPI), located in Chantilly, Virginia, US, successfully completed a routine current Good Manufacturing Practices (cGMP) audit by the US Food and Drug Administration (FDA). The inspection took place from March 30 to April 3, 2026.The FDA audit resulted in four Form 483 observations. The reported observations were related to procedural matters, and the inspection did not yield any data integrity related observations.Granules stated its continued commitment to maintaining the highest standards of quality, safety, and regulatory compliance, confirming it will address the observations...

Zydus Wellness Subsidiary Faces Penalty from Spanish Tax Authority Zydus Wellness Limited disclosed that its wholly owned subsidiary, Comfort Click Limited, United Kingdom (CCL), has received an order from the Spanish Tax Authority. The order alleges unpaid value added tax (VAT) for the first quarter of 2021 and imposes a penalty of EUR 19,472.57.CCL believes the penalty stems from the incorrect mapping of VAT payments to the old VAT system rather than the new VAT system.The company has indicated its intention to appeal the order, maintaining that CCL possesses strong merits in this matter.The details surrounding this tax action are summarized below.ParticularsDetailsName of the AuthoritySpanish Tax AuthorityNature and...

MOIL Limited Announces Change in Senior Management Designation MOIL Limited reports a change in the senior management designation effective April 4, 2026. The update concerns Shri Manish Malewar, who holds the position of General Manager (Personnel).The records indicate that Shri Manish Malewar, who possesses qualifications including B.Sc., PGDLS, and LLB, was designated as the Head of Department (HoD). This appointment is effective as of April 4, 2026, and the term of appointment is governed by the Service rules of MOIL.The key details of the management update are presented below:Sl. No.NameDesignationEffective DateTerm of AppointmentReason of Change1Shri Manish MalewarGeneral Manager (Personnel)04.04.2026As per Service...

Hindustan Copper Reports Strong Operational Performance for FY 2025-26 Hindustan Copper Limited (HCL), the sole Copper Miner of India, announced a robust operational performance for the financial year 2025-26, detailing significant achievements across its mining activities.For FY 2025-26, HCL achieved a Metal in concentrate (MIC) production of 27,421 tonne. This figure represents a 9% increase compared to FY 2024-25 and marks the highest production level in the last seven years. The company also recorded ore production of 3.67 million tonne in FY 2025-26, which is 6% higher than the previous year. In terms of sales, Copper MIC sales for the fiscal year reached 27,367 tonnes, marking the best performance in the last five years.These...

AWL Agri Business Ltd. Reports Preliminary Quarterly Update for Q4 FY26 AWL Agri Business Ltd., formerly known as Adani Wilmar Ltd., has released a preliminary quarterly update covering the fourth quarter (Q4) of the fiscal year 2025-26, for the period ending March 31, 2026. The company noted that a detailed disclosure of financial results will follow once the Board of Directors approves the consolidated and standalone financial results for the quarter and the year.During the quarter ended March 31, 2026, the company reported double-digit volume growth, which was primarily driven by strong performance in the Edible Oil and Industry Essentials segments. This growth was supported by stable consumer demand and gradual improvements in...

Analysis of Borrowing Calendars for Union G-secs, T-bills, and State SGS for FY27 SBI Securities Report details the borrowing calendars for Union Government securities (G-secs) for the first half of Fiscal Year 2027 (H1FY27), Union Treasury bills (T-bills) for Q1FY27, and State Securities (SGS) for Q1FY27. The report notes the challenging fiscal arithmetic facing both the Union and State governments due to increased overall borrowing. It also reviews changes in ownership profiles and tenors associated with these borrowings.Fiscal Outlook and Borrowing Dynamics The report highlights that the Union faces pressure in Fiscal Year 2027, as revenue assumptions in the Union Budget appear optimistic. This optimism is tempered by potential...

Meghmani Organics to Amalgamate Subsidiaries in Scheme of Arrangement The Board of Directors of Meghmani Organics Limited approved a Scheme of Amalgamation on April 4, 2026. The plan involves merging two wholly owned subsidiaries, Kilburn Chemicals Limited and Meghmani Crop Nutrition Limited, with Meghmani Organics Limited.The Scheme provides that the entire business, assets, liabilities, rights, obligations, licenses, contracts, and employees of both Transferor Companies will transfer to and vest in Meghmani Organics Limited on a going concern basis. The Appointed Date for this Scheme is January 1, 2026. The Scheme is set to become effective upon the filing of the certified copy of the order from the National Company Law Tribunal...

Oscar Global Ltd Announces Board Changes Including New Appointments and Resignations On April 4, 2026, the Board of Directors of Oscar Global Ltd held a meeting and transacted several significant corporate changes, including the appointment of multiple additional and Independent Directors, as well as the resignation of several key personnel.Several individuals were appointed to the Board on April 4, 2026. These appointments included:Mr. Gopal Bhatter (DIN 07465307) was appointed as an additional director. The appointment followed the provisions of the SPA dated September 30, 2025, and the fulfillment of all conditions of the SPA by Mr. Gopal Bhatter (acquirer). Mr. Gopal Bhatter, who is a CA & CS, has experience in finance. Ms...

Capital Trust Limited Enters Gold Loan Market as New-Age Challenger Capital Trust Limited (CTL), a non-banking financial company (NBFC) with established operations in MSME lending and a branch network spanning over 250 locations, has announced a strategic move into the gold loan segment. This entry positions the company as a new entrant in the rapidly expanding gold loan market.Mr. Yogen Khosla, Chairman & Managing Director of the Company, noted that the move into secured lending via the gold loan business signals a strategic shift toward establishing a more resilient, capital-efficient, and safer lending model. He stated that secured lending is expected to strengthen the balance sheet, improve asset quality, and create a more...

Tata Steel Faces Demand Notice Over Mineral Coal Extraction at West Bokaro Colliery Tata Steel Limited confirmed receiving a Demand Notice dated March 30, 2026, from the District Mining Office, Ramgarh, Jharkhand. The notice pertains to the extraction of mineral coal from the company's West Bokaro Colliery.The allegations detailed in the notice suggest that approximately 1,62,40,399 MT of mineral coal was extracted in excess of permissible limits across the period spanning FY 2000-01 to FY 2006-07. This demand notice was issued by the DMO based on grounds similar to those noted in the Common Cause vs. Union of India case (WPC No. 114 of 2014).The alleged excess production has resulted in an aggregate demand totaling...

Cash Ur Drive Marketing Limited Approves Resolution Plan for Zyngo EV Mobility Cash Ur Drive Marketing Limited, at its board meeting held on April 4, 2026, considered and approved submitting a Resolution Plan for Zyngo EV Mobility Private Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP). The submission positions Cash Ur Drive Marketing Limited as the Resolution Applicant.The board noted that the financial proposal contained within the Resolution Plan may undergo modifications or revisions during the resolution process, and any material changes to the key terms or consideration will require further board approval.Details of the Target Entity Zyngo EV Mobility Private Limited operates in the...