Markets

Grindwell Norton Receives Order from CGST and Central Excise Grindwell Norton Limited announced on April 4, 2026, that it received an order from the Office of the Superintendent of CGST and Central Excise. The order pertains to a matter involving excess Input Tax Credit (ITC) claimed for the period of fiscal years 2019-20 to 2023-24.The Authority has instructed Grindwell Norton to pay a tax amount of ₹268,065 and a penalty of ₹268,065, resulting in a total payment of ₹536,130.According to the company, it is currently evaluating options, including the possibility of filing an appeal against the order. Grindwell Norton stated that the order is not expected to have a material impact on its financial, operational, or other activities...

Retro Green Revolution Ltd. to Invest in Sevenglow Lights Limited Retro Green Revolution Limited announced on April 4, 2026, that it has entered into a Memorandum of Understanding (MOU) with Sevenglow Lights Limited, dated March 25, 2026.The MOU outlines a proposed strategic investment by Retro Green Revolution Limited in Sevenglow Lights Limited. According to the terms of the MOU, Retro proposes to acquire an initial equity stake of up to 36% in Sevenglow Lights Limited. The shareholding may be increased in a phased manner up to 100%, subject to achievement of agreed milestones and mutual consent. The investment is intended to support business expansion, strategic growth, and long-term value creation. The transaction is subject to...

Bharat Coking Coal Limited Faces Disruption at ABOCP Mine Bharat Coking Coal Limited (BCCL) announced that mining and dispatch operations at the ABOCP Mine within Block-II have been halted due to actions by unauthorized individuals, commencing April 2, 2026, at approximately 3:00 PM. This disruption has ceased coal production and dispatch within the Block-II Area.The situation stems from ongoing issues related to labor practices. Previously, local workers were employed by transport contractors for shale picking and segregation, but departmental production declines and the mandatory nature of coal crushing in outsourced production have diminished the need for such work.An agreement with local administration dated August 18, 2020...

Citizen Infoline Ltd. Completes Merger, Renamed to Citizen Solar Limited Citizen Infoline Ltd. announced on April 4, 2026, that its Board of Directors approved several key resolutions following a meeting held on April 3, 2026. A central development was the formal receipt of an order from the National Company Law Tribunal (NCLT) Ahmedabad Bench, sanctioning the Scheme of Arrangement for the amalgamation of Citizen Solar Private Limited (the transferor company) and Citizen Infoline Limited (the transferee company).The board also acknowledged a change in the company’s name from Citizen Infoline Limited to Citizen Solar Limited, effective following the NCLT’s approval.As part of the amalgamation process, the company established March...

Amber Enterprises Subsidiary Acquires 16.60% Stake in MoMagic Wireless Amber Enterprises India Limited announced that its material subsidiary, IL JIN Electronics (India) Private Limited, has completed the first tranche of its acquisition of a stake in MoMagic Wireless Private Limited. The acquisition, finalized on April 3, 2026, involves a 16.60% equity stake in MoMagic.The total consideration for this acquisition amounted to Rs. 19,99,99,981.12. This follows a previous intimation dated February 14, 2026, regarding the transaction.Source:

Uno Minda Limited Receives Order Regarding Input Tax Credit Claim Uno Minda Limited announced on April 3, 2026, that it received an order from the ETO-cum-Proper Officer (GST), Ward 11, Gurugram (West), Haryana, India, concerning an excess claim of Input Tax Credit for the tax period 2019-20.The order, received at approximately 11:15 A.M. (IST), directs the company to remit a specified amount related to the aforementioned excess claim.According to the company, it intends to contest the order. Uno Minda Limited does not anticipate a material impact on its financial, operational, or other activities as a result of the order.Source:

Triton Valves Ltd. Secures 7-Year Contract with Aumovio Triton Valves Limited announced it has signed a contract with Aumovio Germany GmbH, a German-based automotive technology company, for the supply of TPMS valves. The agreement, which includes a Project Agreement signed March 23, 2025, is planned to be executed from the third quarter of fiscal year 2027-28.Aumovio, spun-off from Continental AG in 2025, will require Triton Valves to supply 4.7 crore valves between calendar years 2027 and 2031. The initial five-year period is projected to generate approximately INR 112 crore in revenue. The parties anticipate potential volume increases due to international commodity prices and market conditions.The contract is expected to improve...

Zaggle Prepaid Ocean Services Limited Appoints Interim CFO Following Executive Departure Zaggle Prepaid Ocean Services Limited announced April 3, 2026, that Venkata Aditya Kumar Grandhi has resigned from his position as Chief Financial Officer, effective close of business hours on April 3, 2026. The company has appointed Rajesh Tummalaganti as Interim Chief Financial Officer, effective April 4, 2026, until a permanent replacement is found.Rajesh Tummalaganti is a certified member of The Institute of Chartered Accountants of India and brings over 20 years of experience. His profile includes experience with Ernst & Young and a period within the online gaming industry. He is described as a trusted partner known for enabling strategic...

Monolithisch India Limited Recognized as ‘Bharat’s Best to a Billion Brand -2026’ by ET Edge Monolithisch India Limited has been recognized as one of ‘Bharat’s Best to a Billion Brands -2026’ by ET Edge, an initiative of The Times Group. The recognition highlights the company's growth, operational excellence, and contribution to India’s economic progress within the industrial materials sector.The award celebrates high-performing Indian companies demonstrating exceptional growth, scalability, and the potential to contribute to a billion-dollar economy. Monolithisch India Limited’s inclusion underscores its commitment to excellence, innovation, and sustainable growth. The recognition also reflects the company's consistent performance...

Senores Pharmaceuticals Forms Joint Venture Amerisyn, LLC Senores Pharmaceuticals Limited announced the formation of a joint venture company, Amerisyn, LLC, in North Carolina, USA, on April 4, 2026. The joint venture was established through an Operating Agreement dated April 2, 2026, involving the company’s wholly owned subsidiary, Senores Pharmaceuticals, Inc., USA ("SPI").SPI has subscribed to 70% of the membership interest in Amerisyn, LLC, which has become a step-down subsidiary of Senores Pharmaceuticals Limited. Amerisyn, LLC was formed on March 5, 2026, and is based in the United States of America.Table: Details of Amerisyn, LLCParticularsDescriptionName of the Target CompanyAmerisyn, LLCTurnoverNot applicable as...

Senores Pharmaceuticals, Inc. Announces Strategic Joint Venture to Target U.S. Federal and Defense Sector Supplies Atlanta, USA / Ahmedabad, India, April 03, 2026 – Senores Pharmaceuticals, Inc. ('SPI'), a wholly owned subsidiary of Senores Pharmaceuticals Limited, announced a strategic partnership through the execution of a formal Operating Agreement on April 2, 2026. This agreement has led to the formation of a Joint Venture ('JV') entity, Amerisyn, LLC ('Amerisyn').The partnership positions Senores to supply its product portfolio to the U.S. Federal Government, veterans affairs, and military supply contracts.“Amerisyn is a major milestone for Senores," stated Swapnil Shah, Managing Director, Senores Pharmaceuticals Limited. "This...

Fujiyama Power Systems Limited Faces Bureau of Indian Standards Search and Seizure Fujiyama Power Systems Limited announced that the Bureau of Indian Standards (BIS) initiated a search and seizure operation on March 24, 2026, at a company facility in Noida, Uttar Pradesh. During the operation, BIS seized products valued at Rupees 2.52 Crores (INR 2.52 Crores).The company stated that it fully cooperated with BIS officials throughout the process, providing all necessary documents and clarifications. Operations at the company are continuing as usual, and there is no material impact on the financials, operations, or other activities of the company.BIS alleges that Fujiyama Power Systems Limited is not in compliance with BIS standards...

Kernex Microsystems Announces Financial Results for Fiscal Year 2026 Kernex Microsystems (India) Limited today announced its financial performance for the fiscal year ending March 31, 2026. The company reported a consolidated revenue of INR 234.88 Crore, a decrease of 13.38% compared to INR 270.47 Crore in the previous fiscal year.The company's Earnings Before Interest and Taxes (EBIT) stood at INR 31.74 Crore, down from INR 39.67 Crore year-on-year. Profit After Tax (PAT) for the fiscal year was INR 21.81 Crore, a decrease from INR 27.64 Crore in the prior year. The Earnings Per Share (EPS) was INR 1.47, compared to INR 1.82 in the previous fiscal year.The Board of Directors approved a dividend of INR 0.20 per equity share. ```...

Devyani International Limited Announces Senior Management Appointments Gurugram, India – April 4, 2026 – Devyani International Limited announced appointments to its senior management team, effective April 6, 2026.Sandeep Anand has been appointed as Chief Marketing Officer and Business Head- Pizza Hut. He will also replace Vijay Gogate, the current CEO-Pizza Hut. Robinder Singh has been appointed as Business Head- Costa Coffee & Airports.Mr. Anand, an alumnus of MDI Gurgaon, brings over 22 years of experience in the food and FMCG sectors. Prior to joining Devyani International, he held a senior position at Americana -KFC, Pizza Hut, and Hardees (Middle East). His previous experience includes roles at Domino's, Zydus Wellness, Zomato...

Welspun Enterprises Subsidiary Receives Income Tax Demand Notice Welspun Enterprises Limited announced that its subsidiary, Welspun Aunta-Simaria Project Private Limited, has received a Notice of Demand under Section 156 of the Income Tax Act, 1961. The notice follows an Assessment Order issued by the Assessment Unit, National Faceless Assessment Centre, Income-tax Department.The demand pertains to the financial year 2023-24 (Assessment Year 2024-25) and involves a taxable income assessment of Rs. 33.34 crore. The assessment is based on the application of ICDS III read with Section 43CB of the Income-tax Act, 1961, related to the computation of income under the percentage completion method.Welspun Enterprises believes the demand is...

Sterling and Wilson Renewable Energy Resolves Arbitration with Conti, LLC Sterling and Wilson Renewable Energy Limited announced the conclusion of an arbitration with Conti, LLC, USA. The resolution follows payments made by Sterling and Wilson Solar Solutions Inc., a wholly owned step-down subsidiary, to Conti, LLC, as determined by the Arbitration Tribunal.Details regarding the settlement, including terms and compensation, were disclosed in an update related to the ongoing proceedings. The resolution of the arbitration is not expected to have a material impact on the financial position of Sterling and Wilson Renewable Energy Limited.Sr. No.ParticularsDetails1The details of any change in the status and / or any development in...

Shriram Pistons & Rings Limited Extends Technical Collaboration Agreement with Fuji OOXZ Inc. Shriram Pistons & Rings Limited has executed a revised Technical Collaboration Agreement with Fuji OOXZ Inc. (Japan) on April 3, 2026. The amended agreement extends the scope of supply of technical know-how and assistance for manufacturing engine valves in India for an additional five years.According to the agreement, royalty will be payable to Fuji in accordance with its provisions. The company states that this collaboration, which has been ongoing for over three decades, aims to provide cutting-edge technology in India, aligned with global standards. The objective of the extended agreement is to acquire the latest manufacturing technology...

Shriram Pistons & Rings Limited Announces Transfer of License Agreements Shriram Pistons & Rings Limited announced that its technical collaborator, Kolbenschmidt Pistons Germany GmbH (KS), has undergone a strategic realignment involving the carving out of certain central functions to a newly established entity, Kolbenschmidt Pistons Management GmbH.As a result of this restructuring, the existing license agreements with Shriram Pistons & Rings Limited have been transferred to Kolbenschmidt Pistons Management GmbH by way of assignment/assumption of contract. The company consented to this assignment on April 2, 2026.According to Shriram Pistons & Rings Limited, the scope of services, commercial terms, and operational aspects remain...

Clean Max Enviro Energy Solutions Limited Sells Stake in Subsidiary to Hindustan Coca-Cola Beverages Mumbai – Clean Max Enviro Energy Solutions Limited announced on April 4, 2026, that its Board of Directors approved the sale of shares in its wholly-owned subsidiary, Clean Max Ahhope Private Limited, to Hindustan Coca-Cola Beverages Private Limited.Clean Max Ahhope Private Limited, incorporated on October 15, 2025, did not contribute to the company’s turnover, revenue, income, or net worth during the last financial year.The Share Purchase Agreement is expected to be finalized on or before May 15, 2026, with the sale anticipated to be completed on or before the same date, subject to mutual agreement.The total consideration for the...

Prestige Estates Projects Limited Launches 5,120-Unit Township ‘Prestige Golden Grove’ in Hyderabad Hyderabad, April 3, 2026 (GLOBE NEWSWIRE) -- Prestige Estates Projects Limited today announced the launch of Prestige Golden Grove, a large-scale residential development in Hyderabad’s Tellapur area.Located on 28.6 acres, Prestige Golden Grove will offer a total saleable area of approximately 10.36 million square feet with a Gross Development Value (GDV) exceeding ₹ 9,500 crore. The project will consist of 5,120 units, featuring 2, 3, 3.5, and 4-bedroom homes, along with 4-bedroom residences including staff accommodation.Residences will range in size from 1,169 sq. ft. to 3,013 sq. ft., with estimated ticket sizes between ₹ 1 crore...