Markets

IIFL Finance Announces Leadership Changes in Gold Loans Division IIFL Finance Ltd. announced changes in its senior management personnel, effective April 2, 2026. Manish Mayank resigned from his position as Business Head - Gold Loans, to pursue other career opportunities. Simultaneously, Mayank Sharma’s designation has changed from Chief AI & Innovation Officer to Business Head - Gold Loans.Sharma’s appointment as Head of the Gold Loan Business reinforces IIFL Finance's commitment to scaling its strategic franchise. He brings over two decades of experience within the Group, including experience in building the gold loan vertical and establishing 230+ branches. His recent leadership in driving AI-led transformation across lending...

Hinduja Global Solutions Limited Receives Income Tax Assessment Order Hinduja Global Solutions Limited announced it received an assessment order under Section 143(3) of the Income Tax Act, 1961, from the Office of the Assistant Commissioner of Income Tax, Central Circle 2(3), Mumbai, for Assessment Year 2021-22. The order was received April 1, 2026.The assessment order disallowed a foreign exchange loss of ₹34.31 crores, resulting in a total demand of ₹15.49 crores, including ₹6.95 crores in interest.Source:

ADF Foods Limited Receives Approval for Amalgamation Scheme ADF Foods Limited announced that the Regional Director (RD) - North Western Region, Ministry of Corporate Affairs, Ahmedabad, has approved the Scheme of Amalgamation between ADF Foods (India) Limited and Telluric Foods Limited, both subsidiaries of ADF Foods Limited, and their respective shareholders and creditors. The approval, received on April 2, 2026, was granted under Section 233 of the Companies Act, 2013.The merger will take effect from an appointed date, upon filing of the Order with the Registrar of Companies. ADF Foods (India) Limited will stand dissolved upon completion of the scheme.According to details disclosed, Telluric Foods Limited reported a turnover of...

CFF Fluid Control Ltd. Receives Order Worth INR 14.14 Crores from Indian Navy CFF Fluid Control Limited announced today, April 2, 2026, that it has received a contract from the Material Organisation (Indian Navy) for the procurement of various equipment for Navy programs. The order is valued at approximately INR 14.14 Crores, including tax.The contract involves the procurement of various equipment for Navy programs and is expected to be completed by March 2027. The order is domestic in nature, and neither the promoter group nor any group companies have an interest in the entity awarding the contract. The transaction will not constitute a related party transaction.Order DetailsParticularsDescriptionEntity Awarding...

Umiya Tubes Limited Receives Order Worth Rs. 12.56 Crore from Cocreate Global Technologies Private Limited Umiya Tubes Limited announced the receipt of a new order from Cocreate Global Technologies Private Limited. The order, valued at Rs. 12.56 crore (including GST), is for the supply of 6 metric tons (6000 KG) of Yellow Tungsten Oxide.The delivery schedule for the order is split into two phases: 4 metric tons are due on or before April 6, 2026, and the remaining 2 metric tons are due on or before April 14, 2026.Cocreate Global Technologies Private Limited is a domestic entity, and neither the company’s promoters, promoter group, nor group companies have any interest in it. The transaction does not constitute a related party...

SEDEMAC Mechatronics Limited Reports Record Annual ECU Sales Pune, April 2, 2026 – SEDEMAC Mechatronics Limited announced today that it achieved its highest ever annual sales of control-intensive Electronic Control Units (ECUs). The company, which supplies ECUs to original equipment manufacturers (OEMs) in the mobility and industrial markets across India, the United States, and Europe, reported a 60.0% increase in sales for the fiscal year ending March 31, 2026, compared to the previous fiscal year.SEDEMAC’s trailing twelve-month (TTM) sales for the three months ended March 31, 2026, reached 1,043,025 units, a 65.1% increase from the 631,893 units sold in the comparable period of the prior year.The company’s financial performance is...

IRM Energy Limited Commissions 150th CNG Station Ahmedabad, April 2, 2026 – IRM Energy Limited (BSE:544004) (NSE: IRMENERGY) announced the commissioning of its 150th Compressed Natural Gas (CNG) station, located in Banaskantha, on Tuesday, March 31, 2026.During fiscal year 2026, the company commissioned a total of 39 CNG stations.According to the company, this milestone demonstrates a commitment to expanding green energy infrastructure within its authorized geographical areas and promoting sustainable transportation solutions.IRM Energy Limited is an Indian City Gas Distribution (CGD) company supplying Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). The company operates under authorizations granted by the Petroleum and...

RBL Bank Limited Reports Strong Financial Performance for March 2026 RBL Bank Limited announced provisional financial results for the quarter and financial year ended March 31, 2026, demonstrating significant growth across key business areas. Total business crossed Rs. 2.5 lakh crore, reflecting a 24% year-over-year (YoY) increase.Key Financial Highlights The bank’s total deposits reached Rs. 139.037 billion as of March 31, 2026, a 25% YoY increase and a 16% sequential increase. Deposits below Rs. 3 crore stood at Rs. 63.943 billion, up 16% YoY and 4% QoQ. The CASA (Current, Savings, and Deposits) balance increased to Rs. 46.723 billion, representing a 23% YoY and 26% QoQ growth, with a CASA ratio of 33.6%.A table summarizing key...

Birla Cotsyn (India) Ltd. Receives Bank Facilities Rating from Infomerics Birla Cotsyn (India) Ltd (BCIL) has been assigned a rating of IVR B+/ Stable (IVR B plus with Stable Outlook) by Infomerics Valuation and Rating Limited for its Long-Term Bank Facilities. The rating reflects the company's strong promoter commitment, favorable working capital profile, established spinning asset base, and early operational traction post-revival.Rating Details:Instrument / FacilityAmount (Rs. crore)Current RatingsPrevious RatingsRating ActionComplexity IndicatorLong-Term Bank Facilities40.00IVR B+/ Stable-Rating AssignedSimpleTotal40.00Detailed Rationale:The rating considers the strong promoter commitment reflected in sizeable...

RBL Bank Receives RBI Approval for Emirates NBD Investment RBL Bank Limited announced on April 2, 2026, that it has received approval from the Reserve Bank of India (RBI) regarding Emirates NBD Bank (P.J.S.C.)’s acquisition of up to 74% of the bank's paid-up share capital. This follows a prior disclosure dated October 18, 2025.The RBI approval stipulates that Emirates NBD will maintain at least a 51% shareholding in RBL Bank. As a result, the bank will be classified as a foreign bank in subsidiary mode, with Emirates NBD acting as its parent foreign bank. Governance provisions applicable to foreign banks in wholly-owned subsidiary mode, as outlined in the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, will...

EaseMyTrip Becomes India's First Listed Travel Company to Integrate with ChatGPT Apps New Delhi, April 2, 2026 – EaseMyTrip, a leading online travel-tech platform in India, has announced its integration with ChatGPT, marking it as the only listed online travel company in India to launch on the ChatGPT app. This integration allows users to search for flights and hotels directly within a conversational AI interface, enhancing the travel planning experience.The feature provides users with access to EaseMyTrip through the apps section on ChatGPT, enabling them to input travel requirements in natural language and receive flight and hotel options instantly. This eliminates the need to navigate multiple platforms, reducing friction and...

Highway Infrastructure Limited Withdraws Fee Plaza Operations, Incurs Penalty Highway Infrastructure Limited announced the withdrawal of its Letter of Acceptance (LOA) for the Venkatapalem Fee Plaza in Andhra Pradesh. The decision was made by the Board of Directors on March 26, 2026.As a result of withdrawing the LOA, the National Highway Authority of India (NHAI) imposed a penalty of Rs. 26,33,000 on the company. The penalty is due within three days of the notice.The company reported no other material impact on its financial, operational, or other activities beyond the Rs. 26,33,000 penalty.Details Regarding the PenaltyParticularsDetailsAuthorityNational Highway Authority of India (NHAI)Penalty AmountRs. 26,33,000...

Bharat Agri Fert & Realty Ltd. Announces Leadership Changes Mumbai – April 2, 2026 – Bharat Agri Fert & Realty Ltd. announced changes in its leadership structure following a board meeting held on April 2, 2026.Mr. Vijal Yogendra Patel has resigned from his position as Chief Financial Officer (CFO), effective April 2, 2026, due to his elevation and appointment as Chairman & Managing Director of the company. Ms. Chandni Yogendra Patel has been appointed as the new Chief Financial Officer, effective April 3, 2026. Ms. Patel holds a Master’s degree in Business Administration (MBA) in Human Resources. She is the sister of Mr. Vijal Yogendra Patel and the daughter of Mrs. Anjni Yogendra Patel, both Whole Time Directors of the company...

HEG Ltd. Schedules Shareholder and Creditor Meetings to Consider Proposed Scheme HEG Ltd. announced on April 2, 2026, that it will hold meetings of its equity shareholders, secured creditors, and unsecured creditors on May 5, 2026, as directed by the National Company Law Tribunal, Indore Bench. The meetings will be conducted via Video Conferencing/other audio visual means.The meetings are to consider and potentially approve a Composite Scheme of Arrangement amongst HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited, along with their respective shareholders and creditors.Meeting Details for Equity Shareholders:DetailInformationDay of the meetingTuesdayDate of the meetingMay 5, 2026Time of the meeting2:00 P.M...

Satani Bearings Ltd. Announces Board Decisions, Approvals Satani Bearings Ltd. announced several key decisions following a board meeting held on April 2, 2026. The decisions were made subject to shareholder approval at an upcoming Extraordinary General Meeting.Increase in Authorized Share Capital The company approved an increase in its authorized share capital from Rs. 20,00,00,000 divided into 2,00,00,000 equity shares of Rs. 10 each, to Rs. 35,00,00,000 divided into 3,50,00,000 equity shares of Rs. 10 each. This change will be reflected in a subsequent modification of the Memorandum of Association.Proposal for Fund Raising The board approved a rights issue to raise funds through the issuance and allotment of equity shares with a...

Elpro International Ltd. Reaffirms Credit Rating Elpro International Ltd. announced on April 2, 2026, that CARE Ratings Limited has reaffirmed its credit rating for the company's bank facilities. The rating action, detailed in a CARE Ratings press release dated April 2, 2026, reaffirms the existing rating initially issued on April 4, 2025.CARE Ratings has reaffirmed a CARE A-; Stable rating for the company’s long-term bank facilities. This rating signifies a strong creditworthiness and a stable outlook.The details of the reaffirmed credit rating are as follows:Sr. No.Credit Rating AgencyInstrument/ FacilityRatingRating Action1CARE Ratings LimitedLong Term Bank FacilitiesCARE A-; Stable (A minus; Outlook: Stable)Re-affirmed...

Kajaria Ceramics’ Joint Venture Incorporates Wholly-Owned Subsidiary in Nepal Kajaria Ceramics Limited announced on April 2, 2026, that its Nepal-based joint venture, Kajaria Ramesh Tiles Limited (KRTL), has incorporated a wholly-owned subsidiary company, K.R. Industries Private Limited (KIPL), in Nepal.K.R. Industries Private Limited was incorporated under the Companies Act, 2006 of Nepal. The authorized capital of KIPL is INR 125,00,000, with a paid-up capital of INR 125,00,000. As a newly incorporated entity, KIPL’s turnover is currently nil.According to the details released, the incorporation of KIPL aims to continue and support the business of KRTL. Kajaria Ceramics holds a 50% equity stake in KRTL, and KIPL operates as a...

Sanofi India Receives Central Government Approval for Managing Director Appointment Sanofi India Ltd. announced on April 2, 2026, that it has received Central Government approval for the appointment of Deepak Arora as Director and Managing Director. The approval was granted for a period of three years, effective October 27, 2025, to October 26, 2028.Mr. Arora’s appointment, which was initially disclosed on October 27, 2025, and December 18, 2025, was subject to Central Government approval. The approval letter was received via email on April 1, 2026. Mr. Arora’s Director Identification Number (DIN) is 07495638.As a condition of the appointment, Mr. Arora is required to provide an undertaking to the company confirming that he will not...

Adani Power Limited Receives Letter of Award for 2500 MW Power Supply Adani Power Limited announced it has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 2500 MW of Renewable Energy Round-the-Clock (RE RTC) power. The agreement spans 25 years from the Scheduled Commencement Date of Supply.The award follows Adani Power's successful bid in the e-RA results. The LoA was received on April 1, 2026, at 8:30 PM.Here's a summary of the key details of the agreement:Sr. No.ParticularsDetails1Name of the entity awarding the order(s)/contract(s)Maharashtra State Electricity Distribution Company Limited ( 'MSEDCL' ).2Significant terms and conditions of...

Ambuja Cements Receives NCLT Approval for Merger with Penna Cement Ambuja Cements Ltd. announced that the National Company Law Tribunal (NCLT) Ahmedabad Bench has sanctioned the Scheme of Arrangement between Penna Cement Industries Limited and Ambuja Cements Limited. The NCLT order, pronounced on March 30, 2026, follows hearings held on March 19, 2026.The company has previously disclosed updates regarding the merger scheme to the National Stock Exchange of India Limited, BSE Limited, and the Luxembourg Stock Exchange. These disclosures included the board's approval of the scheme on December 17, 2024, receipt of No Objection Certificates from stock exchanges on April 30, 2025, and the outcome of the equity shareholders' meeting on...