Markets

Dynacons Systems & Solutions Awarded “Best Partner for Driving HPE & Nutanix Solution FY'25” Mumbai, India, April 03, 2026 – Dynacons Systems & Solutions Limited announced it has received the “Best Partner for Driving HPE & Nutanix Solution FY'25” award from Hewlett Packard Enterprise (HPE). The award recognizes Dynacons’ performance, execution excellence, and contribution in driving HPE and Nutanix solutions.The recognition was presented at the HPE Top Partners Meet held in Udaipur, Rajasthan. The event brought together HPE's leading channel partners and featured the HPE Hybrid Cloud & AI Summit. HPE outlined its strategic vision centered on driving growth through AI infrastructure, hybrid cloud solutions, next-generation networking...

Jash Engineering Limited to Acquire Penstocks (UK) Limited Jash Engineering Limited announced on April 3, 2026, that its subsidiary, Waterfront fluid controls Limited UK, has entered into a definitive agreement to acquire 100% of the stake in Penstocks (UK) Limited, Leicestershire, UK.The acquisition is valued at a cash consideration of £550,000. The acquisition is expected to be completed on or before June 30, 2026.Penstocks (UK) Ltd designs, manufactures, supplies, installs, and commissions penstocks, stop logs, handstops, and valves for water and wastewater applications. The acquisition will enable Waterfront to establish a pan-UK presence, reinforcing its ability to support clients in marketing and servicing activities...

Chartered Capital & Investment Ltd. to Discontinue Merchant Banking Activities Chartered Capital & Investment Ltd. announced on April 3, 2026, that its Board of Directors has approved the discontinuation of merchant banking activities and the voluntary surrender of its Merchant Banking Registration Certificate from the Securities and Exchange Board of India (SEBI). This decision stems from the non-operation of merchant banking activities for over two financial years and prevailing market conditions.The company will formally apply to SEBI to surrender the registration certificate. The move is not expected to have a monetary or other impact on Chartered Capital & Investment Limited.The Board of Directors meeting commenced at 4:00 p.m...

JK Lakshmi Cement Declared Preferred Bidder for Chhipta Limestone Block in Madhya Pradesh JK Lakshmi Cement Limited announced that it has been declared the 'Preferred Bidder' for the Mining Lease for the Chhipta Limestone Block in Madhya Pradesh, following an e-auction conducted by the Government of Madhya Pradesh. The company participated in the e-auction.Source:

Vedanta Limited Announces Production Numbers for Fourth Quarter and Year Ended March 31, 2026 Mumbai, April 3, 2026: Vedanta Limited today announced its production numbers for the fourth quarter and year ended March 31, 2026.Key Highlights:Record annual Alumina production, up 48% year-over-year at 2,916 kilotonnes (kt) and highest-ever aluminium production at 2,456 kt. Record annual mined metal production at Zinc India of 1,114 kt, up 2% year-over-year. Q4 Silver production increased 11% quarter-over-quarter to 176 tonnes, bringing the full year volume to 627 tonnes. Record annual Iron Ore pig iron production at 895 kt (+10% year-over-year), Copper cathode at 170 KT (+15% year-over-year), and Ferro chrome production at 101 kt (+21%...

Dabur India Ltd. Reports Steady Domestic Performance Amid International Challenges in Q4 FY26 Dabur India Ltd. reported steady momentum in its domestic India business during the quarter ended March 31, 2026 (Q4 FY26), partially offsetting challenges in key international markets. The company noted heightened geopolitical tensions in the Middle East led to demand disruptions and supply chain constraints.The India FMCG business is likely to record high-single digit growth, while the Home & Personal care business sustained its double-digit growth trajectory, expected to grow in the mid-teens. Growth in the Home & Personal care segment is anticipated to be led by Hair Oils, Shampoo, and Home Care, with projected growth in the twenties...

Madhucon Projects Limited Discloses Loan Defaults Madhucon Projects Limited announced on April 3, 2026, that it has defaulted on payments related to loans from banks and financial institutions as of March 31, 2026. The disclosures were made to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).According to the disclosure, the total default amount includes a principal of 31.44 Crore Rupees. Interest and other related charges are currently nil. The company’s total financial indebtedness, including short-term and long-term debt, stands at 143.10 Crore Rupees.Details regarding the obligation, including the total principal amount, tenure, interest rates, and security type, are provided in an annexure. The default...

L&T Finance Ltd. Reports Significant Growth in Retail Disbursements and Loan Book L&T Finance Ltd. announced estimated retail disbursements of approximately Rs. 24,080 crores for the quarter ended March 31, 2026, reflecting a year-over-year increase of roughly 62%. For the full financial year ending March 31, 2026, the company estimates retail disbursements at approximately Rs. 83,190 crores, representing a 39% annual growth.The company's retail loan book as of March 31, 2026, is estimated at approximately Rs. 1,19,550 crores, marking a year-over-year increase of 26%.Breakdown of Retail Disbursements (Rs. in crores):Retail DisbursementsQ4FY2024-25 (Actual)Q4FY2025-26 (Estimated)Rural Business Finance5,1147,200Farmer...

Jolly Plastic Industries Ltd. Approves Preferential Allotment of Shares Jolly Plastic Industries Limited announced on April 3, 2026, that its Board of Directors approved the allotment of 1,77,00,000 equity shares with a face value of Rs. 10 each on a preferential basis to Bhaum Digital Ventures Private Limited. The allotment is part of a share swap agreement dated January 21, 2026.The total consideration for the allotment, via the share swap, is valued at Rs. 17,70,00,000.The Board meeting took place from 4:00 p.m. to 4:30 p.m.Table: Preferential Allotment DetailsAllottee NameCategoryNumber of SharesTotal Consideration (via Share Swap)Bhaum Digital Ventures Private LimitedNon-Promoter1,77,00,000Rs. 17,70,00,000...

Medplus Subsidiary Receives Drug License Suspension Order Medplus Health Services Limited announced that Optival Health Solutions Private Limited, a subsidiary of the company, has received a suspension order for a Drug License affecting one of its stores. The order, received on April 2, 2026, pertains to a store located on Station Road in Jangaon, Telangana.The Drug License for the store has been suspended for a period of two days. The suspension is based on a violation of Rule 65 of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945.Medplus estimates the potential revenue loss resulting from the suspension to be Rs 0.16 lacs.Further details regarding the matter are available on the company website...

Avenue Supermarts Reports INR 17,204.50 Crores in Q4 Revenue Avenue Supermarts Limited, owner of the DMart retail chain, announced a standalone revenue from operations of INR 17,204.50 crores for the quarter ended March 31, 2026. This represents a significant increase compared to the INR 14,462.40 crores reported in the same quarter of the previous year.The company’s revenue performance over the past four years demonstrates consistent growth:Quarter ended March 31, 2026Quarter ended March 31, 2025Quarter ended March 31, 2024Quarter ended March 31, 202317204.514462.412393.510337.1As of March 31, 2026, Avenue Supermarts operated a total of 500 stores, including one store in Sanpada, Navi Mumbai, Maharashtra, which is currently...

IDFC FIRST Bank Reports Loan and Deposit Growth in Fiscal Year 2026 IDFC FIRST Bank Ltd. announced financial performance figures for the quarter and year ended March 31, 2026.Loans and Advances increased by 20.0% year-over-year, rising from Rs. 2,41,926 crores as of March 31, 2025, to Rs. 2,90,362 crores as of March 31, 2026. The quarterly growth rate was 3.9%.Customer Deposits also experienced growth, increasing by 17.2% year-over-year, from Rs. 2,42,543 crores as of March 31, 2025, to Rs. 2,84,327 crores as of March 31, 2026. Average customer deposits increased by 3.0% sequentially. The bank reported consistent new account openings during March 2026.Despite challenges including year-end advance tax outflows, a tight liquidity...

Info Edge Files Appeal Against Income Tax Assessment Order Info Edge (India) Limited announced on April 3, 2026, that it has filed an appeal before the Joint Commissioner (Appeals) or the Commissioner of Income Tax (Appeals) at the National Faceless Appeal Centre, challenging an Assessment Order and consequential Notice of Demand. The appeal pertains to the Assessment Year 2024-25 and involves a claim of Rs. 3,64,63,140.The company received the Notice of Demand dated March 20, 2026, related to the Assessment Order. The dispute stems from disallowed deductions primarily concerning ESOP expenses.The company notes that similar disallowances for Assessment Years 2016-17, 2022-23 and 2023-24 are currently pending appeal. Previous...

Studds Accessories Limited Announces Withdrawal of Credit Ratings Studds Accessories Limited announced on April 3, 2026, that CARE Ratings Limited has withdrawn outstanding ratings of 'CARE A+; Stable/ CARE A 1+' assigned to its bank facilities, effective immediately. This action was taken at the request of Studds Accessories Limited and following receipt of a "No Objection Certificate" from the banks that have extended the facilities.Rating Details The withdrawal reflects the company's established track record, strong brand recall, leadership position in the helmet industry, and comfortable financial risk profile, marked by no debt outstanding and efficient working capital management. Ratings also factor in the company's robust...

Mindspace Business Parks REIT Receives Credit Rating Reaffirmations from CRISIL Mindspace Business Parks REIT (Mindspace REIT) has received credit rating reaffirmations from CRISIL Limited, highlighting the REIT’s stable revenue profile and comfortable financial position.According to CRISIL, Mindspace REIT’s portfolio comprises 15 commercial offices, IT parks, and SEZ assets with an operational area of 31.2 million square feet, along with under-construction and planned development projects.Rating Actions:InstrumentTypeSize (Rs. Crore)RatingOutlookNon-Convertible DebenturesLT100CRISIL AAA/Stable (Assigned)StableNon-Convertible DebenturesLT200CRISIL AAA/Stable (Reaffirmed)StableNon-Convertible DebenturesLT1,200CRISIL...

Parth Electricals & Engineering Limited Receives New Orders Valued at ₹84.32 Crore Parth Electricals & Engineering Limited announced the receipt of new orders from Paschim Gujarat Vij Company Limited (PGVCL) at the beginning of the financial year 2026-27. The total value of these orders amounts to ₹8,432.22 lakh, equivalent to ₹84.32 crore, and includes the supply of products manufactured at the company’s Vadodara plant.The order value is broken down as follows:Business SegmentOrder Value (₹ in Lakh)EPC8,432.22Total8,432.22 (₹84.32 Crore)The projects associated with these orders are expected to be executed within a 15-month timeframe from the date of receipt of the Letter of Acceptance (LOA). Company officials anticipate...

Vikran Engineering Limited Wins ₹ 530.80 Crore Orders from MSEDCL Mumbai, April 3, 2026: Vikran Engineering Limited (VEL) announced today it has received two Letters of Award (LoA) aggregating to ₹ 530.80 Crore (excluding GST) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for the Development of Distribution Infrastructure & System Strengthening works across Nashik Zone and Kolhapur Zone in Maharashtra. The projects are part of the Power Distribution Enhancement Program funded by the Asian Development Bank (ADB), awarded through National Competitive Bidding.The Nashik Zone contract is valued at ₹ 235.63 Crore and the Kolhapur Zone contract at ₹ 295.17 Crore, both excluding GST. The work entails execution on a...

Durlax Top Surface Limited Announces CFO Resignation Durlax Top Surface Limited announced the resignation of Ms. Kalpana Mogal Nikam, the company’s Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective May 2, 2026. The resignation is due to personal reasons.The company expressed appreciation for Ms. Nikam’s contributions during her tenure. Durlax Top Surface Limited is currently in the process of appointing a successor for the CFO & KMP position, with further details to be provided in due course.Ms. Kalpana Mogal Nikam confirmed that there are no material reasons for her resignation beyond those stated.Summary of Resignation Details:ParticularsDetailsNameMs. Kalpana Mogal NikamReason for...

Sobha Ltd. Reports Record Annual Sales in FY2026 Sobha Ltd. concluded fiscal year 2026 on a strong note, achieving its highest-ever annual sales valued at ₹81.36 billion, according to a regulatory update. The company recorded a new sales area of 5.54 million square feet (sft) at an average realization of ₹14,675 per sft, reflecting a 30% growth compared to fiscal year 2025.Despite global uncertainties including trade policy shifts and geopolitical tensions in West Asia, India’s residential real estate sector demonstrated resilience, supported by robust domestic consumption and a stable homebuying environment. India's strong macroeconomic fundamentals were underscored by record GST collections exceeding ₹2 lakh crore in March 2026...

DIC India Ltd. Receives Demand Order for ₹2,81,472 DIC India Limited announced today, April 3, 2026, that it received a demand order from the Superintendent of GST, Range-III Ambattur Division North Chennai. The order, issued under Section 74 (1) & (9) of the CGST/TNGST Act, 2017, totals ₹2,81,472. This includes ₹1,40,736 in tax, ₹1,40,736 in penalty, and applicable interest.The demand is related to an alleged duplicate generation of E-Way Bills during the financial years 2019-20 to 2021-22.According to the company, the demand has no impact on its financial, operational, or other activities beyond the monetary value of the order. DIC India Limited has engaged a consultant to review the order and will determine subsequent actions...