Markets

Baazar Style Retail Ltd. Expands Retail Footprint with New Store Openings Baazar Style Retail Ltd. announced the opening of two new Style Baazar stores, marking an expansion of its retail network. The new stores are located in Rewa, Madhya Pradesh and Ghazipur, Uttar Pradesh.The company's total store count now stands at 266.Source:

Maan Aluminium Ltd. Receives Credit Rating Reaffirmation from ICRA Maan Aluminium Ltd. announced on April 4, 2026, that ICRA Ltd. has reaffirmed the credit ratings for the company's bank facilities.ICRA has reaffirmed the Long Term rating for the company’s Fund Based - Cash Credit at BBB+ (Stable). The Short Term rating for the Fund Based - Bill Discounting has been reaffirmed at A2.The reaffirmed ratings pertain to the following facilities:Instrument/FacilitiesRated Amount (Rs. crore)RatingLong Term - Fund Based - Cash Credit55BBB+ (Stable)Short Term - Fund Based - Bill Discounting50A2According to ICRA, the ratings are specific to the terms and conditions of the instruments and are subject to review if there are any...

Maharashtra Seamless Limited Receives ESG Rating of ‘56’ from NSE Sustainability Ratings and Analytics Limited Maharashtra Seamless Limited announced today, April 4, 2026, that it has received an Environmental, Social, and Governance (ESG) score of ‘56’ from NSE Sustainability Ratings and Analytics Limited. The rating, categorized as ‘Moderate,’ is based on publicly available data.According to a report received by the company on April 2, 2026, NSE Sustainability Ratings and Analytics Limited assigned the score. Maharashtra Seamless Limited stated that it did not engage NSE Sustainability Ratings and Analytics Limited for the rating, and the report was independently prepared using publicly accessible information.Source:

ONGC Stabilises Fire Incident at SHP Platform, Mumbai High New Delhi, 4 April 2026—A fire incident occurred at 17:45 PM on 3 April 2026 at Oil and Natural Gas Corporation Limited’s (ONGC) SHP Platform, located within the Mumbai High Asset. The fire was extinguished, and the situation has been stabilised.During the incident, 10 personnel sustained minor injuries and are currently receiving medical care; all are reported to be stable.Operations have been normalised.Source:

Automobile Products of India Limited Announces Rights Issue Automobile Products of India Limited announced on April 3, 2026, that its Board has approved a rights issue of equity shares. The company plans to issue up to 14,00,000 equity shares, aggregating to an amount of ₹14,00,000.The rights issue will be offered to existing eligible shareholders in the ratio of 19 equity shares for every 10 equity shares held as on the record date. The issue price is set at ₹1 per equity share. Shareholders will be required to pay the full issue price of ₹1 per share at the application stage.Key Dates and Details:ParticularsDescriptionInstrumentFully paid-up Equity Shares of face value of Rs.1Rights Issue Size14,00,000 Equity Shares...

Asian Hotels (North) Limited Announces Departure of Chairman and Director New Delhi, April 4, 2026 – Asian Hotels (North) Limited today announced the completion of the term for Mr. Arjun Raghavendra Murlidharan, an Independent Non-Executive Director, effective April 3, 2026. As a result of the completion of his term, Mr. Murlidharan has ceased to be a Director and Chairman of the Board.According to a company statement, Mr. Murlidharan's second and final term concluded at the close of business hours on April 3, 2026.Here’s a summary of the key details:ParticularsDetailsReason for ChangeCompletion of second and final term as Independent Non-Executive DirectorDate of CessationApril 3, 2026Role at CessationDirector and...

Gufic Biosciences Resolves Income Tax Dispute, Demand Substantially Reduced Gufic Biosciences Limited announced on April 3, 2026, that a tax demand initially totaling Rs. 118,888,580 has been substantially reduced to Rs. 11,761,98 following an appeal to an appellate authority. The initial demand stemmed from an assessment order issued by the Income Tax Department for the Assessment Year 2023-24.Additionally, the company disclosed a penalty of Rs. 23,523,96 has been levied under Section 270A(9) of the Income Tax Act due to under-reported income.Gufic Biosciences is currently evaluating the order and plans to take appropriate steps, including potential further appeals, based on the advice of its tax consultants. The company...

Bliss GVS Pharma Appoints Two Independent Directors Bliss GVS Pharma Limited announced the appointment of two Additional Directors, Mr. Vijayanarayanan Mahadevan and Mr. Deepak Rameshchandra Shah, on April 3, 2026. The appointments were approved by the company's Board of Directors via a circular resolution.Mr. Mahadevan and Mr. Shah will serve as Non-Executive and Independent Directors for a term of 5 years, effective from April 3, 2026, to April 2, 2031. A Postal Ballot will be conducted to seek member approval for their appointments.Director Profiles:Mr. Vijayanarayanan Mahadevan is a Chartered Accountant with over 35 years of experience in finance leadership roles at companies including Alcon, Sandoz, Novartis, and SHV Energy...

Kernex Microsystems India Ltd. Secures Order Worth Rs. 91.12 Crores from Banaras Locomotive Works Kernex Microsystems (India) Ltd. announced on April 3, 2026, that it has received an order from Banaras Locomotive Works (BLW) valued at Rs. 91.12 Crores (including GST). The order, awarded to the company, is for the supply, installation, testing, and commissioning of 112 sets of On-board KAVACH Loco Equipment.The equipment will be provided in accordance with RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or the latest revision. The order is expected to be executed on or before February 15, 2027.Below is a summary of the order details:ParticularsDetailsName of the entity awarding the order(s)/contract(s)Banaras Locomotive...

Bhadora Industries Limited Secures New Order Worth Rs. 2,00,60,015 Bhadora Industries Limited announced it has received a new order from a construction and infrastructure company located in Madhya Pradesh, India. The order, valued at Rs. 2,00,60,015, is for the supply of 1100 volt grade, Single Crore, stranded Aluminium conductor H4 Grade, XLPE insulated, PVC sheathed, un-armoured cable conforming to IS:7098(Pt-I).The order is categorized as a purchase order for an un-armoured cable. The company received the work order on April 2, 2026, at 7:22 PM.According to company disclosures, neither the promoters, promoter group, nor group companies have any interest in the entity that awarded the order. The order does not constitute a related...

Krishna Defence Forms Joint Venture for Composite Solutions Krishna Defence and Allied Industries Limited announced the formation of a joint venture, Krishna Vabo Defence Composites Private Limited, on April 2nd, 2026. The venture is a collaboration with Vabo Netherlands and aims to manufacture cutting-edge composite solutions for the defence and maritime industries.Krishna Defence subscribed Rs. 51,000, representing a 51% stake in the newly formed company. The joint venture will focus on the trading, development, manufacturing, and distribution of ship doors and hatches made of composite materials, along with complementary products and accessories, primarily targeting ASEAN countries.Authorized Capital of Krishna Vabo Defence...

Diligent Industries Limited Awarded Oil Palm Mandals by Andhra Pradesh Government Diligent Industries Ltd. announced on April 4, 2026, that it has been allocated nine mandals by the Government of Andhra Pradesh under the Oil Palm Development Programme, part of the National Mission on Edible Oils - Oil Palm (NMEO-OP). The allotment was made through G.O. Ms. No. 16, issued by the Agriculture & Cooperation (H&S) Department on April 2, 2026.The company received three mandals in Guntur District—Tadikonda, Medikonduru, and Prathipadu—and six mandals in Palnadu District—Narasaraopet, Rompicharla, Atchampet, Krosuru, Nekarikallu, and Pedakurapadu. This allocation is part of a larger allotment of 32 mandals across five districts.The...

Pranik Logistics Limited Revises Performance Bank Guarantee with Qwik Supply Chain Private Limited Pranik Logistics Limited announced a revision to the validity and claim period of a performance bank guarantee issued to Qwik Supply Chain Private Limited. The change, effective April 3, 2026, aligns the timelines with updated contractual requirements.The performance bank guarantee, initially disclosed on November 11, 2025, was issued by Kotak Mahindra Bank Limited. The total guarantee amount remains unchanged at Rs. 1,00,00,000. The revised expiry date is March 31, 2028, with a claim date of March 31, 2029.According to the company, no promoters, promoter group entities, or group companies have an interest in this transaction, and the...

Rossari Biotech Subsidiary Approves Sale of Office Premises Rossari Biotech Ltd announced that its material subsidiary, Unitop Chemicals Private Limited, has approved the sale of its office premises located in Saki Naka, Mumbai. The transaction involves a consideration of approximately 10 crore rupees.The sale is expected to be finalized by the end of Q2 FY27. According to Rossari Biotech, no business operations are currently conducted at the premises, so the sale is not anticipated to impact the company's or its subsidiary’s business operations.The transaction does not constitute the sale of an undertaking as defined by Section 180(1)(a) of the Companies Act, 2013. Further details related to the transaction will be provided upon...

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: