Markets

Capacite Infraprojects Receives Order from Appellate Authority Regarding GST Proceedings Capacite Infraprojects Limited announced on April 2, 2026, that it received an order from the Deputy Commissioner of State Tax, Appellate Authority. The order pertains to GST proceedings initially raised by the Assistant Commissioner of State Tax - Maharashtra in a July 30, 2021 order.The Appellate Authority upheld the previously disclosed demands, involving the same amount as initially assessed. The company has previously accounted for these amounts as contingent liabilities and notes that there is no immediate financial impact.Capacite Infraprojects intends to file an appeal before higher appellate forums within the prescribed timelines. The...

Shelter Pharma Receives Positive Customer Feedback on Product Range Shelter Pharma Limited announced on April 2, 2026, that its products are receiving encouraging and positive feedback from customers across the domestic market. The feedback highlights customer satisfaction with the quality, effectiveness, and overall experience of the company’s product range, including “FitKick Pro” and other offerings.Shelter Pharma, a GMP and ISO-certified manufacturer of Ayurvedic and herbal healthcare products for human and veterinary segments, believes this positive response may favorably impact its brand value and business growth. The company operates from Himatnagar, Gujarat, and has a legacy spanning over six decades with a portfolio of more...

Punjab & Sind Bank Reports Strong Provisional Business Figures for Fiscal Year 2026 Punjab & Sind Bank announced provisional business figures for the fiscal year ending March 31, 2026, demonstrating significant year-over-year growth. The figures, released on April 2, 2026, indicate a robust performance across key banking metrics.Total business for the period reached ₹2,63,750 crore, reflecting a 14.98% increase compared to ₹2,29,379 crore in the fiscal year ending March 31, 2025.Total deposits rose to ₹1,45,830 crore, up 12.37% from ₹1,29,774 crore in the previous year. CASA deposits amounted to ₹44,873 crore, a 10.01% increase year-on-year, while the CASA ratio stood at 30.77%.Gross advances experienced a considerable surge...

Adani Ports Handles Record Cargo Volumes, Surpasses 500 MMT Milestone in FY26 Adani Ports and Special Economic Zone Ltd (APSEZ) announced record cargo handling figures for March 2026 and the fiscal year 2026. The company reported handling its highest-ever monthly cargo volume of 46 million metric tonnes (MMT) in March 2026, a 11% year-over-year increase, largely fueled by a 14% year-over-year rise in container volume.For the full fiscal year 2026, APSEZ handled 500.8 MMT of cargo, marking an 11% year-over-year increase and led by a 19% year-over-year increase in container volume.Container traffic at the Container Terminal W1 (CWIT) reached a significant milestone, handling 1.06 million twenty-foot equivalent units (TEUs) in FY26...

Suntech Infra Solutions Receives Work Order Valued at INR 6.86 Crores Suntech Infra Solutions Ltd. announced it has received a work order from Linde Engineering India Pvt. Ltd. for piling work. The order, received April 1, 2026, is valued at INR 6.86 Crores and is expected to be completed within three months.According to details released, the work order requires adherence to all statutory compliances, safety norms, and quality standards. Suntech Infra Solutions confirmed that neither the entity awarding the order nor any related parties have any interest in Suntech Infra Solutions.ParticularsDetailsEntity Awarding OrderLinde Engineering India Pvt. Ltd.Nature of WorkPiling WorkOrder ValueINR 6.86 CroresExecution...

DCM Shriram International Ltd. Receives Credit Ratings from CARE Ratings DCM Shriram International Ltd. announced today, April 2, 2026, that CARE Ratings Limited has assigned credit ratings to the company’s financial instruments. The ratings were provided in a letter dated April 2, 2026.CARE Ratings has assigned a “Care A- ; Stable” rating to the company's long-term bank facilities totaling 125.44 Crore Rupees. Additionally, a “Care A2+” rating was assigned to the company's short-term bank facilities amounting to 127.22 Crore Rupees. The company’s fixed deposits also received a “Care A- ; Stable” rating, with a value of 15 Crore Rupees.Facility /InstrumentAmount (Rs. Crore)Rating AssignedRating ActionLong -term Bank...

PAE Limited Schedules Board Meeting, Considers Audited Results and Bonus Share Issue PAE Limited announced a board of directors meeting scheduled for April 9, 2026, at the corporate office. The meeting's agenda includes reviewing and approving the standalone audited financial results for the fourth quarter and fiscal year ended March 31, 2026, alongside the audit report.The board will also consider a proposal to recommend a final dividend for the financial year concluded on March 31, 2026. A key item on the agenda is the potential issuance of bonus shares to public shareholders. This initiative aims to satisfy minimum public shareholding requirements stipulated by rule 19A of the Securities Contracts (Regulation) Rules, 1957...

Firstsource Solutions Recognized as Leader by Everest Group and NelsonHall in 2026 Healthcare Payer Assessments Mumbai, India | April 02, 2026: Firstsource Solutions Limited (NSE:FSL, BSE:532809), an RP-Sanjiv Goenka Group company, has been recognized as a Leader in both the Everest Group Healthcare Payer Intelligent Operations PEAK Matrix® Assessment 2026 and NelsonHall 's Healthcare Payer Agility & Innovation NEAT Evaluation 2026.The Everest Group assessment, which evaluated 33 providers globally, highlighted Firstsource’s market impact, vision, and delivery capability across payer back-office intelligent operations. Key factors contributing to the recognition include double-digit revenue growth driven by BPaaS and intelligent...

Narayana Hrudayalaya Limited Holds Shareholder and Creditor Meetings Regarding Scheme of Arrangement Narayana Hrudayalaya Limited convened meetings of its equity shareholders, secured creditors, and unsecured creditors on April 2, 2026, to consider and approve a Scheme of Arrangement between NH Integrated Care Private Limited (the Demerged Company) and Narayana Hrudayalaya Limited (the Resulting Company). The meetings were held via video conferencing and other audio-visual means at 10:00 A.M., 11:30 A.M., and 12:30 P.M. respectively.Shri Theerthesh B S, appointed as Chairman of the meetings by the Hon'ble National Company Law Tribunal (NCLT), presided over the proceedings. Smt. Manali Shah, PCS, served as the Scrutinizer for the...

Happy Square Outsourcing Services Limited Secures New Work Order Happy Square Outsourcing Services Limited (formerly Happy Square Outsourcing Services Private Limited) announced it has been awarded a new work order for manpower supply services, effective April 2, 2026. The order, valued at approximately ₹0.1217 Crore, was awarded by Madhya Pradesh Power Transmission Company Limited (MPPTCL)- Gwalior [Office of the Executive Engineer (Testing) DN.I].The contract involves the supply of manpower services and is considered part of the company's ordinary course of business. The contract period is for one year, commencing April 1, 2026, and ending March 31, 2027. Neither the company's promoters, promoter group, or group companies have any...

LG Electronics India Surpasses 1 Million AC Sales in Q1 CY26, Solidifying Market Leadership New Delhi, April 2, 2026 – LG Electronics India (LGE India) announced today that it has sold over 1 million air conditioners in the first quarter of 2026, marking the fastest and strongest start to a summer season in the company's history in India. This achievement underscores LG India's operational efficiency and supply chain agility, reinforcing its position as a leader in the Indian air conditioner market.A key factor in this success was the company’s early launch of its new, BEE star-rated AC line-up, facilitating a seamless transition to energy-efficient products. The marketing campaign during the ICC World Cup also contributed to...

Capital Small Finance Bank Reports Strong FY2026 Performance Capital Small Finance Bank Ltd. announced key business highlights for the quarter and year ended March 31, 2026, showcasing robust growth and improved asset quality. The figures presented are provisional and subject to audit.Loan Portfolio Expansion Gross advances reached ₹8,687 crores as of March 31, 2026, representing a year-on-year (Y-o-Y) growth of 20.9% and a quarter-on-quarter (Q-o-Q) growth of 6.4%. Disbursements for the quarter increased to ₹919 crore, compared to ₹765 crore in Q4FY25, marking a growth of 20.1%. Approximately 98% of the loan book is secured, aligning with the bank's retail-focused lending strategy.Asset Quality Improvements The bank’s asset quality...

F MEC International Financial Services Ltd. Schedules Board Meeting, Plans Share Split and Bonus Issue F MEC International Financial Services Limited announced that a board meeting is scheduled for April 8, 2026, at 3:30 P.M. at the company's registered office in New Delhi. The meeting will address several key business items.The board will consider a proposal to sub-divide the existing equity shares, with a face value of 10 Rupees each. Additionally, the issuance of bonus shares will be on the agenda, subject to shareholder approval.F MEC International Financial Services Limited also intends to raise funds through a private placement of secured, unlisted Non-Convertible Debentures.The board will also consider a change in the...

Optiemus Infracom Postpones Investment in Subsidiary Optiemus Electronics Limited Optiemus Infracom Limited announced on April 2, 2026, that it is postponing a planned investment in its wholly-owned subsidiary, Optiemus Electronics Limited (OEL). The decision follows a reassessment of funding requirements by OEL.Previously, on March 9, 2026, Optiemus Infracom had received approval for a rights issue to invest in OEL. However, OEL’s current working capital position indicates that the infusion of funds is no longer necessary at this time. Consequently, the proposed investment is not being pursued and the prior approval has been revised accordingly.Optiemus Infracom’s stock trades on the BSE under Scrip Code 530135 and Symbol OPTIEMUS...

SEBI Updates Processing Status of Draft Offer Documents for Multiple Companies As of April 2, 2026, the Securities and Exchange Board of India (SEBI) has released an update on the processing status of draft offer documents filed by various companies seeking to launch initial public offerings (IPOs). The list includes companies awaiting observations from SEBI, those with clarifications pending, and those awaiting in-principle approval from exchanges.Several companies are currently undergoing review by SEBI, including MV Electrosystems Ltd. (IPO - Fresh Only, received December 10, 2025), Aspri Spirits Limited (IPO - Fresh + OFS, received December 12, 2025), and Sonaselection India Limited (IPO - Fresh Only, received December 17, 2025)...

United Heat Transfer Limited Receives Purchase Order from Burckhardt Compression (India) Private Limited United Heat Transfer Limited announced the receipt of a purchase order from Burckhardt Compression (India) Private Limited for the manufacturing and supply of a heat exchanger. The order, valued at approximately Rs. 78,56,000 (excluding tax), is for domestic delivery.According to details provided, the terms of payment include a 20% advance against submission of CG and 20% against unpriced purchase order copies of major items. The remaining 100% of the amount, inclusive of all taxes, will be paid against 30 days' credit.The delivery schedule is as follows:Items 0010 & 0040: Delivery on June 30, 2026 Items 0020 & 0050: Delivery...

CSB Bank Reports Strong Growth in Deposits and Advances for Fiscal Year 2026 CSB Bank Limited announced key business updates for the financial year ended March 31, 2026, highlighting significant growth in total deposits and advances.Total deposits reached ₹44,246 crore as of March 31, 2026, representing a 20% year-over-year increase compared to ₹36,861 crore in the prior year. The bank’s term deposits experienced a robust 27% growth, rising to ₹35,414 crore from ₹27,943 crore. CASA deposits totaled ₹8,832 crore, a slight decrease of 1% compared to the ₹8,918 crore recorded in the previous fiscal year.Advances against gold and gold jewelry surged to ₹21,567 crore, a substantial 53% increase over the ₹14,094 crore reported in the...

Maiden Forgings Ltd. Reaffirms Credit Rating with Crisil Maiden Forgings Limited announced on April 2, 2026, that it has received a reaffirmed credit rating of 'Crisil BBB/Stable' from Crisil Ratings Limited for its bank facilities. The rating pertains to a total bank loan facility of ₹42.5 crore.According to Crisil Ratings, the outstanding ratings for the company’s debt instruments and facilities are detailed below:Total Bank Loan Facilities RatedRs.42.5 CroreLong Term RatingCrisil BBB/Stable (Reaffirmed)A breakdown of the bank-wise facilities is presented in the following table:S.No.Bank FacilityBankAmount (Rs. in Crore)Outstanding Rating1Cash CreditAxis Bank Limited16.5Crisil BBB/Stable2Cash CreditBank of...

JSW Energy Receives Observations from BSE and NSE Regarding Scheme of Arrangement with GE Power India Limited JSW Energy Limited announced it has received observation letters from the BSE Limited and the National Stock Exchange of India Limited (NSE) regarding the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited. The observations, dated April 1, 2026, were issued as required under Regulation 37 and 59A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.The company received the observation letter with "no adverse observations" from BSE and a “No objection” letter from NSE.The Scheme remains subject to receipt of applicable regulatory and other...

The Jammu & Kashmir Bank Limited Reports Provisional Business Figures for Fiscal Year 2026 The Jammu & Kashmir Bank Limited announced provisional business figures for the period ending March 31, 2026, demonstrating a significant year-over-year increase. Total business reached ₹290,341 crore, reflecting a 13.61% growth compared to ₹255,555 crore in the fiscal year 2025.Key highlights from the reported figures include:Total Deposits: Increased to ₹165,354 crore, an 11.30% rise year-over-year. CASA Deposits: Grew to ₹75,478.4 crore, an 8.07% increase. Gross Advances: Reached ₹124,987 crore, showing a substantial 16.83% growth. Gross Investment: Stood at ₹41,319.5 crore, a decrease of 1.55%.The figures were released in compliance...