Markets

Barflex Polyfilms Limited to Acquire 100% of Rohit Poly Foams Private Limited Barflex Polyfilms Limited announced that its Board of Directors approved the acquisition of 100% of the equity shares of Rohit Poly Foams Private Limited at a meeting held on April 1, 2026. The acquisition will make Rohit Poly Foams Private Limited a wholly-owned subsidiary of Barflex Polyfilms Limited.The Board also appointed Mr. Jaiwant Bery and Mr. Krishan Mohan Pandey to the Board of Directors of Rohit Poly Foams Private Limited.Rohit Poly Foams Private Limited, incorporated on September 3, 2021, is based in Jaipur, Rajasthan. It carries on the business of manufacturing and dealing in plastic bags, polyurethane foam, polyethylene foam, and allied foam...

Osel Devices Limited Obtains FDA Registration for Hearing Aid Manufacturing Facility New Delhi, April 01, 2026 – Osel Devices Limited announced today that its hearing aid manufacturing facility in Greater Noida, Uttar Pradesh, India, has been registered with the United States Food and Drug Administration (FDA).The registration was confirmed by the U.S. Department of Health and Human Services through the FDA's Center for Devices and Radiological Health (CDRH), and the facility is now listed in the FDA Registration and Device Listing Database.Strategic Significance and Business Impact This development is expected to have a significant impact on Osel Devices Limited’s operations. The company anticipates entering the U.S. medical...

Indian Bank Reports Provisional Results for Fiscal Year 2026 Indian Bank announced provisional financial results for the period ending March 31, 2026, indicating a robust performance with significant year-over-year growth. The figures, released on April 1, 2026, reflect a positive trend in key business areas.Total business for the bank reached 14.98 lakh crore, marking a 13.1% year-over-year increase and a 4.8% sequential growth. Total deposits stood at 8.30 lakh crore, up 12.6% compared to the prior year and 4.9% quarter-over-quarter. Savings bank deposits rose to 2.68 lakh crore, a 10.3% year-over-year increase, while current account deposits reached 0.48 lakh crore, a substantial 20.0% increase annually and 14.3% sequentially. The...

TVS Motor Company Reports Record Sales in FY 2025-26 TVS Motor Company (TVSM) announced record sales for the fiscal year 2025-26, with total sales growing by 24% to 5.9 million units. The company's sales in March 2026 increased by 25%, with international business sales also growing by 25%.In March 2026, TVS Motor Company recorded monthly sales of 519,358 units, compared to 414,687 units in March 2025. Two-wheeler sales increased from 400,120 units in March 2025 to 498,134 units in March 2026, a 25% growth. Motorcycle sales registered an 18% increase, rising from 196,734 units to 232,788 units. Scooter sales grew by 31%, increasing from 166,297 units to 217,624 units.The company's electric vehicle sales saw a substantial increase of...

Popular Vehicles & Services Expands Jaguar Land Rover Presence with New Facility in Nagpur Popular Vehicles & Services Limited (NSE: PVSL, BSE: 544144) announced the commencement of operations for a new state-of-the-art 3S facility (Showroom, Workshop, and Pre-owned Car Section) for Jaguar Land Rover (JLR) vehicles in Nagpur, Maharashtra, effective April 1, 2026. The facility, operated by the company’s wholly owned subsidiary, Popular Autoworks Private Limited, is located at MIDC, Hingna Road, Nagpur.The investment in the new facility amounts to approximately ₹15 crore. The Nagpur facility incorporates a premium showroom, a fully equipped workshop with 8 service bays capable of servicing approximately 50 vehicles per month, and a...

Dev Information Technology Limited to Transfer ByteSIGNER and Talligence to Byte Technosys Private Limited Mumbai – April 01, 2026 – Dev Information Technology Limited (DEV IT) (NSE - DEVIT, BSE - 543462 | INE060X01034), a global IT services company, announced that its Board of Directors has approved the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited, an associate company.Transaction Details The transaction involves a cash consideration of ₹ 11.90 Crore and is structured as a standalone slump sale. Completion is expected on or before September 30, 2026. The transaction qualifies as a related party transaction and is being executed on an arm's length basis, supported by an independent...

Richa Info Systems Limited Receives Purchase Order Valued Over ₹5.23 Crore Richa Info Systems Limited announced the receipt of a purchase order from INDKAL TECHNOLOGIES PVT LTD, dated March 31, 2026. The order, received via mail on the same date, is valued at ₹5,23,90,000.97 (including GST).The purchase order is for Interactive Flat Panel Displays, Google TVs, and Sinage A frames. The company is expected to complete the order within 15 days from the date of the purchase order.According to company disclosures, neither the promoter group nor group companies have any interest in INDKAL TECHNOLOGIES PVT LTD. The transaction does not constitute a related party transaction.Details of the purchase order are presented below:Sr...

The South Indian Bank Reports Business Updates for Fiscal Year 2026 The South Indian Bank Limited announced business updates for the financial year ended March 31, 2026, detailing key performance indicators. The provisional financial data, presented below, reveals growth across several areas.According to the released information, Gross Advances reached 101,295 Crore as of March 31, 2026, a 15.66% year-over-year increase from 87,579 Crore in the prior year. Total Deposits also increased, reaching 123,346 Crore, up 14.71% from 107,526 Crore.The bank experienced significant growth in its CASA (Current Account, Savings Account) base, which stood at 39,621 Crore as of March 31, 2026, representing a 17.47% rise. The CASA ratio improved to...

Zuari Industries' SPE Division Records Highest-Ever Sugarcane Crushing in FY26 Delhi NCR | 1 April 2026The SPE Division of Zuari Industries Limited (ZIL) achieved a record sugarcane crushing of 159.7 lakh quintals in fiscal year 2026, surpassing its previous record of 157.2 lakh quintals in fiscal year 2025.Improved efficiency, higher capacity utilization, increased cane availability, and an early start to the crushing cycle contributed to the strong performance.“This milestone reflects consistent improvement in our operations and the discipline we are building across the SPE Division. Our focus is on sustaining this performance and strengthening execution,” said Mr. Athar Shahab, Managing Director, Zuari Industries Limited.Mr...

Emami Ltd. Acquires Significant Stake in Axiom Ayurveda Kolkata – April 1, 2026 – Emami Limited announced today that it has entered into a Share Purchase Agreement (SPA) to acquire approximately 73.5% of the paid-up capital of Axiom Ayurveda Private Limited (AAPL). This acquisition builds upon Emami’s existing 26.5% stake in the associate company.As part of the initial transaction phase, Emami has acquired 8,430,909 equity shares, representing approximately 36.7% of AAPL. This acquisition finalized on April 1, 2026, making AAPL a subsidiary of Emami Limited. The remaining stake of 8,430,909 equity shares is expected to be acquired by June 2026, in accordance with the terms outlined in the SPA.Source:

Ascensive Educare Ltd. Receives Work Order from Meghalaya State Skill Development Society Kolkata, West Bengal, April 1, 2026 – Ascensive Educare Ltd. announced today that it has been awarded a work order from the Meghalaya State Skill Development Society (M.S.S.D.S) to provide training to 2,005 candidates across 16 trades.The total revenue expected from this work order is INR 5,56,99,875, which will be generated according to the Common Cost Norms. The work order is slated for execution during the financial year 2026-2027.According to details released, the order is for multiple skill development and training programs. No promoter, promoter group, or group companies have any interest in the Meghalaya State Skill Development Society...

Leela Palaces Hotels & Resorts Limited Receives Order from Central GST Range Leela Palaces Hotels & Resorts Limited announced on April 1, 2026, that its material subsidiary, Tulsi Palace Resort Private Limited (TPRPL), received an order from the Office of the Superintendent, Central GST Range-XXII, Jaipur. The order confirms a Goods and Services Tax (GST) demand of INR 13,17,995, along with interest and penalty.According to the order, the action was taken alleging that endorsement from the specified officer of the Special Economic Zone (SEZ) is required to evidence receipt of services by the SEZ unit for its authorized operations.The company reported that the order is not expected to have a material impact on the financial...

Indegene Limited Completes Asset Purchase Agreement Indegene Limited announced on April 1, 2026, that Indegene Healthcare UK Limited (Buyer) signed a Trade and Asset Purchase Agreement with Trilogy Writing & Consulting Limited (Seller). The agreement involves the purchase of the trade and Business (comprising the Assets) as a going concern.According to an intimation filed on March 1, 2026, the Buyer purchased the entire issued share capital of the Seller. Both entities are under the same group of companies and are indirectly wholly owned by Indegene Limited.The transaction value is GBP 190,679 and is considered a related party transaction carried out at arm’s length.Here's a summary of the key details:Sr...

Man Infraconstruction Ltd. Announces Change in Subsidiary Partnership Interest Man Infraconstruction Limited announced a revision to its partnership interest in Man Aaradhya Infraconstruction LLP, a subsidiary, effective April 1, 2026. The change follows internal reorganization within the group.As a result of this reorganization, Man Infraconstruction Limited’s partnership interest in Man Aaradhya has decreased from 45% to 37.50%. Simultaneously, Man Vastucon LLP, another subsidiary of Man Infraconstruction Limited, has increased its partnership interest in Man Aaradhya from 5.50% to 13%.The company confirmed that the changes do not impact the ultimate control or management of Man Aaradhya.Source:

Chavda Infra Limited Receives Income Tax Assessment Order Chavda Infra Limited announced that it received an order from the Income Tax Authority determining a tax liability of INR 14.71 Crore. The order, dated March 31, 2026, was received on the same date.According to the Income Tax Authority, the assessment is based on an estimated profit margin higher than what was recorded in the company's books for the block period of April 1, 2018, to December 3, 2024. The demand raised totals INR 14.71 Crore.Chavda Infra Limited is currently evaluating the order and intends to file an appeal with the appellate authority. The company stated that the order is not expected to have a material impact on its financial or operational activities...

Manali Petrochemicals Limited Secures Favorable Ruling from CESTAT Manali Petrochemicals Limited announced on April 1, 2026, that it received a final order from the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) on March 23, 2026. The ruling supports the company’s appeal against an earlier order from the Adjudicating Authority, DRI, Mumbai, concerning a customs duty demand related to the import of Quicklime.The initial demand, raised in July 2019, totaled Rs. 3.83 crore plus interest, alleging misclassification of the imported goods. CESTAT upheld the company’s classification of the goods under CTI 2522 1000, citing that the Calcium Oxide purity of the imported goods ranged between 91% and 95%, falling below the 98%...

Swaraj Engines Ltd. to Hold Board Meeting, Trading Window Closed Swaraj Engines Limited announced that a meeting of its Board of Directors will be held on April 13, 2026, to review and approve the Audited Financial Results for the year ended March 31, 2026. During the meeting, the board will also consider a recommendation for equity dividend.The company has closed its trading window from April 1, 2026, to April 15, 2026, in accordance with its Code of Conduct for Prevention of Insider Trading in Securities. This measure is designed to ensure fair practices and transparency during the review of the company’s financial performance.Source:

Madhya Bharat Agro Products Limited Commences Enhanced Production Capacity Madhya Bharat Agro Products Limited has commenced commercial production of Diammonium Phosphate & Nitrogen and phosphorus (DAP/NPK) fertilizer from its plant in Banda, Madhya Pradesh, according to a company announcement. The enhanced capacity, effective March 31, 2026, increases production from 240,000 metric tons per annum (MTPA) to 330,000 MTPA, representing a capacity addition of 90,000 MTPA.The project involved an investment of approximately Rs. 107 Crore, financed through a combination of debt and internal accruals. The company cited the need to address the demand and supply gap of DAP/NPK fertilizers in India as the rationale for the expansion.Here's a...

AGI Infra Limited Receives Development License for 'Utopia by AGI' Project AGI Infra Limited announced on April 1, 2026, that it has received License No. LDC-101/2026 dated March 31, 2026, from the Greater Mohali Area Development Authority (GMADA) for the development of its Group Housing Colony, 'Utopia by AGI'.The project, located in a premium residential area in New Chandigarh, encompasses a land parcel of 10.26 acres and features a saleable area of approximately 31,93,697 square feet. 'Utopia by AGI' will consist of 661 residential flats, comprising 189 units of 5BHK, 252 units of 4BHK, and 220 units of 3BHK.The development is expected to contribute to the company’s revenue and profits. The license is valid until March 30...

Lancor Holdings Limited Receives NCLT Sanction for Subsidiary Merger Lancor Holdings Limited announced that the Hon’ble National Company Law Tribunal (NCLT) in Chennai has sanctioned the Scheme of Merger of Lancor Maintenance & Services Limited, a wholly-owned subsidiary, with Lancor Holdings Limited. The hearing took place on April 1, 2026.The company is currently awaiting the formal order and will provide a detailed intimation regarding the merger in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source: