Markets

Aeroflex Industries Increases Liquid Cooling Capacity, Commences Production Aeroflex Industries Limited announced an expansion of its liquid cooling SFN skid assembly production capacity, effective April 1, 2026. The company has increased its annual production capacity from 2,000 pieces to 6,000 pieces.The company anticipates further increasing its capacity to 15,000 pieces per year, with completion expected in June/July 2026. Aeroflex Industries' SFN skid assemblies have been successfully installed in multiple data centers. During the fourth quarter of fiscal year 2025-26, the company sold 571 pieces of SFN skid assemblies.Source:

MIC Electronics Ltd. Receives Order from Indian Railways MIC Electronics Limited announced on April 1, 2026, that it has received a Letter of Acceptance from Sambalpur Division, East Coast Railway Zone of Indian Railways. The order is for the provision of CIB and TIB systems.The value of the order is Rs. 2,12,68,360.23. The order is expected to be executed within 6 months.According to the company, no promoter, promoter group, or group companies have any interest in the entity that awarded the order. The order does not constitute a related party transaction. The order was awarded through a tender process.Order DetailsDetailInformationEntity Awarding OrderSambalpur Division, East Coast Railway Zone of Indian RailwaysOrder...

Bharat Petroleum Corporation Limited Announces Senior Management Appointments Bharat Petroleum Corporation Limited (BPCL) has announced several appointments to its senior management team, effective April 1, 2026. The changes, which affect various departments within the company, were made public today.The newly appointed senior leaders and their respective roles are detailed below:Sr. No.NameDesignation1Shri B. L. NewalkarHead (R&D)2Shri Kamal KantChief General Manager (ITRM)3Shri Mahendra Kumar K.Chief General Manager (HRD)4Shri V. R. SudhakarGeneral Manager Sports &ESE (ESE)5Shri Ashish GoyalChief General Manager (Corporate Treasury)6Shri Kunwar Ajit Mohan SinghHead (Legal)Shri V. R. Sudhakar's appointment...

Beacon Trusteeship Limited Announces Change in Subsidiary Status of Beacon Investor Holdings Private Limited Beacon Trusteeship Limited announced on April 1, 2026, a change in the status of Beacon Investor Holdings Private Limited (BIHPL), a former wholly-owned subsidiary. This change stems from a recent share allotment within BIHPL.On March 31, 2026, BIHPL allotted 12,222,222 equity shares with a face value of ₹10 each, issued at par, via a private placement. The total consideration for this allotment was ₹1,22,22,220.As a result of this allotment, BIHPL is no longer considered a wholly-owned subsidiary of Beacon Trusteeship Limited, and has transitioned into a subsidiary of the company. The Company’s shareholding in BIHPL remains...

Shelter Pharma Launches FitKick Pro, Now Available in the Market Shelter Pharma Limited announced the commercial availability of its new product, FitKick Pro, effective March 30, 2026. The company had previously indicated a product launch on February 2, 2026.FitKick Pro is now accessible through online platforms, including Amazon, and caters to the domestic market. The company may consider international market opportunities in the future.Product DetailsSr. No.ParticularsDetails1Name of the productFitKick Pro2Date product available30-March-263Product CategoryImproved Endurance, Enhanced Focus, Muscle Pump, Delicious Flavors4Event DetailsFebruary 2, 2026, initial indication. Commercial availability began March 30...

Lloyds Metals and Energy Limited Reports Record Operational Performance in FY26 Mumbai, April 1, 2026 – Lloyds Metals and Energy Limited announced its operational performance for Fiscal Year 2026, highlighting record production across key segments.Iron ore output for FY26 reached 21.96 million tonnes, a 120% increase year-over-year. Q4 FY26 volumes totaled 9.1 million tonnes, representing a 529% YoY increase. The company plans to produce 26 MT of iron ore in FY27.DRI production increased to 484,000 tonnes, up 57% YoY. The company commissioned a new 360,000-tonne-per-annum DRI facility in Q2 FY26. Pellet production totaled 3.03 million tonnes, achieving an annual capacity utilization of 100%.The provisional production figures for...

JK Tyre Receives Demand Order Under CGST Act JK Tyre & Industries Limited announced today, April 1, 2026, that it has received a Demand Order dated March 30, 2026, from the Assistant Commissioner, Delhi South Commissionerate, Division-Okhla, Delhi, under Section 74 of the Central Goods and Service Tax Act, 2017.The Order-in-Original pertains to the financial year 2019-20 and alleges wrongful availment of Input Tax Credit (ITC). As a result of the order, JK Tyre faces a demand for tax of Rs. 69,36,972, along with an equivalent penalty of Rs. 69,36,972 and applicable interest. The reasons cited in the order include discrepancies in Input Service Distributor (ISD) credit and mismatches in ITC claimed across different financial years, as...

Titan Company Ltd. Receives Ratings Update from ICRA Ltd. Titan Company Ltd. announced today, April 1, 2026, ratings from ICRA Ltd. as of March 31, 2026. The ratings pertain to various instruments totaling Rs. 21,950 crore.ICRA reaffirmed the rating of [ICRA]AAA (Stable) for the company's fixed deposit programme of Rs. 6,200 crore. The rating agency also reaffirmed [ICRA]AAA (Stable) and assigned [ICRA]A1+ for the fund-based and non-fund based working capital facilities, increasing the sanctioned amount from Rs. 7,305 crore to Rs. 14,750 crore. Additionally, ICRA reaffirmed [ICRA]AAA (Stable) for the company's term loans amounting to Rs. 1,000 crore.A summary of the ratings is presented below:InstrumentRated Amount (Rs...

Biogen Pharmachem Industries Ltd. Sets Record Date for Bonus Share Issue Biogen Pharmachem Industries Ltd. has announced a record date of Friday, May 15, 2026, for determining eligibility for a bonus share issue. The bonus share allocation will be in a ratio of 1:6, meaning shareholders will receive one new equity share for every six shares held.The new equity shares will have a face value of Rs. 1 each. The bonus share issue is subject to shareholder approval, which will be obtained through a postal ballot including e-voting, in accordance with applicable laws and regulations.The company's scrip code on the BSE is 531752, and the scrip ID is BIOGEN.Source:

Intellect Design Arena’s Purple Fabric Accounts Payable Modernizes Logistics Leader’s Operations Mumbai (India), 1st April 2026 – Intellect Design Arena Ltd. announced that a global end-to-end supply chain logistics company, headquartered in the Middle East and operating in India, has selected Purple Fabric Accounts Payable to modernize and scale its accounts payable operations. The logistics leader handles over 90 million container shipments annually.The implementation of Purple Fabric Accounts Payable across the logistics company's SCO entities replaces manual workflows with an AI and LLM-led framework. The solution delivers 99% extraction accuracy and 80% automated processing, aiming to create a scalable foundation to handle demand...

Gravity India Ltd. Announces Rights Issue Terms Gravity India Ltd. announced on Wednesday, April 1, 2026, that its Rights Issue Committee has approved the terms of a rights issue aimed at raising up to Rs. 70,00,00,000.The company plans to issue 6,90,14,950 fully paid-up Equity Shares with a face value of Rs. 10.00 per share, at an issue price of Rs. 10.00 per share, for a total amount of Rs. 69,01,49,500.Shareholders will be entitled to a right issue ratio of 23 equity shares for every 3 equity shares held as of the record date. The record date for determining eligible shareholders has been fixed as Wednesday, April 8, 2026.The rights issue period will open on Monday, April 27, 2026, and close on Monday, May 25, 2026. The last...

Bajaj Electricals Receives Assessment Order from Madhya Pradesh Tax Authority Bajaj Electricals Limited announced today, April 1, 2026, that it has received an Assessment Order from the Office of the Deputy Commissioner of State Tax in Indore, Madhya Pradesh. The order, dated March 31, 2026, pertains to an alleged mismatch of Input Tax Credit for the financial year 2019-20.The GST Authority has raised a gross demand of Rs. 5.75 crore, including a penalty of Rs. 1.88 crore. The company is currently evaluating legal options, including filing an appeal against the order.According to Bajaj Electricals, the financial impact would be limited to the extent of the demand raised and penalty levied. The order is not expected to impact the...

Bharat Electronics Limited Achieves Record Turnover of Rs.26,750 Crores Bengaluru, April 1, 2026: Bharat Electronics Limited (BEL), a Navratna Defence PSU, announced a turnover of approximately Rs.26,750 Crores for the Financial Year 2025-26, representing a 16.2% growth compared to the previous year's turnover of Rs.23,024 Crores.The company’s export sales reached approximately US$ 141.9 Million during FY 2025-26, a 33.65% increase from the previous year's export turnover of US$ 106.17 Million.During the fiscal year 2025-26, BEL secured orders worth Rs.30,000 Crores, including export orders valued at USD 346 Million. These orders include Avionics for LCA, Mountain Radars, EW suite for Flelicopters, Air Defence Radars, EOIR Payloads...

Petronet LNG Commissions Expanded Dahej LNG Terminal Petronet LNG Limited has commissioned additional LNG regasification facilities at its Dahej terminal, expanding its capacity from 17.5 MMTPA to 22.5 MMTPA. The commissioning occurred at 23:30 hours on March 31, 2026. This expansion represents a significant increase in the terminal’s capacity.Source:

SBEC Systems India Ltd. Commissions 265 KWp Solar Power Project SBEC Systems India Ltd. announced the successful commissioning and operationalization of a 265 kilowatt peak (KWp) solar power project on March 31, 2026. The project, located at G S Pharmbutor Private Limited in Modinagar, Uttar Pradesh, utilizes a Car Parking setup.The completion of the solar project adheres to government guidelines and contributes to the company’s renewable energy initiatives. Himani Mittal, Company Secretary & Compliance Officer, confirmed the development. The scrip code for SBEC Systems India Ltd. on the BSE Limited is 517360.Source:

Hyundai Motor India Limited Reports Record Quarterly and Monthly Sales in Q4 FY2025-26 Gurugram | April 1, 2026: Hyundai Motor India Limited (HMIL) announced record-high sales figures for the January to March 2026 period (Q4 FY2025-26) and the month of March 2026. The company achieved total quarterly sales of 2,08,275 units, reflecting an 8.7% year-over-year (YoY) growth.Domestic sales during Q4 reached 1,66,578 units, representing an 8.5% YoY increase and marking the highest quarterly domestic sales tally in the company’s history. Exports contributed 41,697 units in Q4, up 9.4% YoY.HMIL also recorded its highest-ever monthly domestic sales for March, with 55,064 units sold, a 6.3% YoY increase. Total sales for March 2026 amounted...

Kwality Wall's (India) Limited Announces Substantial Acquisition of Shares Mumbai – March 30, 2026 – Kwality Wall's (India) Limited announced today that The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. ('Acquirer') acquired 145,44,12,858 equity shares of Kwality Wall's (India) Limited from a group of sellers, including Unilever PLC and Unilever Group Limited, on March 30, 2026.The acquisition, executed through an off-market transaction, was made pursuant to a share purchase agreement dated June 25, 2025. The purchase price per share was EUR 0.19.Following the acquisition, The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. holds 145,44,12,858 shares, representing 61.90% of the total equity share capital/ voting capital of...

Sattrix Information Security Ltd. Receives Letter of Intent from State Bank of India Sattrix Information Security Ltd. announced today, April 1, 2026, that it has received a Letter of Intent (LoI) from State Bank of India (SBI). The LoI is for the engagement of Sattrix as a Managed Security Service Provider (MSSP).The contract involves the supply of Managed Security Service Provider (MSSP) services for SBI's Cyber Security Defense Center (CSDC). The agreement has a term of three years and a total value of Rs. 9,30,00,000 (Rupees Nine Crore Thirty Lakhs only), excluding applicable taxes.According to the LoI, neither the entity awarding the order nor any related parties have any interest in Sattrix Information Security Ltd. The...

Revolt Motors Sales Triple in March, Riding EV Shift Amid Fuel Volatility New Delhi, April 1, 2026 — Revolt Motors, an electric motorcycle company, announced a significant surge in sales for March 2026, with volumes growing approximately 3X month-on-month. This increase signals a sharp acceleration in consumer adoption of electric motorcycles.The growth comes amid rising fuel price volatility and ongoing geopolitical uncertainties, influencing consumer commuting choices. Electric motorcycles offer lower running costs and predictability.Revolt Motors’ performance reflects a deeper shift in demand, driven by electric motorcycles offering up to 90% lower running costs compared to petrol bikes.“What we are witnessing is not a spike...

J. Kumar Infraprojects Secures ₹2,360 Crore Expressway Construction Contract J. Kumar Infraprojects Limited announced today that its joint venture, J. Kumar-SDPL (JV), has received a Letter of Acceptance from the National Highways Authority of India. The contract involves the construction of a 4-lane expressway, expandable to 8 lanes, connecting Vadhavan Port to Tawa Village on NH 48 in the State of Maharashtra. The project, executed on an Engineering, Procurement, and Construction (EPC) mode, has a design length of 32.180 kilometers.The total contract cost for the project is ₹2,360,00,00,000 (Rupees Two Thousand Three Hundred Sixty Crores). The project is expected to be completed within 30 months.No promoter, promoter group, or...