Markets

KD Leisures Ltd Board Approves Proposed Name Change to VISHWAKALYAN GLOBAL LIMITED KD Leisures Limited held its Board of Directors meeting on February 5, 2026. During this meeting, the Board considered and approved several key corporate actions, including a proposal to change the company's name.The Board approved the proposal for a change of the company name to 'VISHWAKALYAN GLOBAL LIMITED'. This proposed change remains subject to the name's availability and the approval of the Central Registration Centre at the Registrar of Companies, Ministry of Corporate Affairs, as well as the necessary approvals from the Shareholders and the Central Government.In alignment with the potential name change, the Board also approved the alteration...

Kaveri Seed Company Ltd Wins Appeal Against Income Tax Demand for AY 2022-23 Kaveri Seed Company Ltd announced that its appeal concerning the Income Tax demand for the Assessment Year 2022-23 was decided in favor of the Company. The favorable order was received on April 7, 2026.The Income Tax Authorities had previously raised a demand of Rs. 56,21,17,500 primarily due to the disallowance of an exemption claim made on Agricultural Income. However, the Hon'ble Appellate Authority has allowed the Company's claim, recognizing the income as agricultural income and consequently setting aside the previously raised demand.This development follows an earlier disclosure made by the Company on April 1, 2024, when it had notified the receipt of...

Fujiyama Power Systems Ltd Explains Delay in Disclosure Following BIS Visit Fujiyama Power Systems Ltd provided details regarding the timing of a disclosure related to a visit by officials from the Bureau of Indian Standards (BIS). The company stated that the delay in making the announcement was due to several factors, including the need to verify facts and await formal communication from the regulatory authority.Officials from the Bureau of Indian Standards (BIS) conducted a surprise visit at the company's Greater Noida facility on March 24, 2026. During this visit, certain product samples were taken, and some inventory was seized. The officials at the time indicated that a formal communication or notice would be issued subsequently...

Akme Fintrade Sees Credit Rating Assignments and Upgrades Across Debt Instruments Akme Fintrade (India) Ltd reported credit ratings for its debt instruments, noting assignments and upgrades across bank loans, non-convertible debentures, and commercial paper as of April 08, 2026.The company detailed the credit rating profile for different product segments. The rating assessment covered a total outstanding quantum of Rs. 855 Cr, with zero amount reported as withdrawn.The credit ratings are presented below:ProductQuantum (Rs Cr)Long Term RatingShort Term RatingBank Loan Ratings355ACUITE A- Stable Assigned-Bank Loan Ratings180ACUITE A- Stable Upgraded-Non-Convertible Debentures (NCD)200ACUITE A- Stable Assigned-...

KD Leisures Ltd Appoints Additional Director and Records Resignation KD Leisures Ltd reported on key changes to its Board of Directors following a meeting held on February 2, 2026. The board meeting, which commenced at 05:30 P.M. and concluded at 06:00 P.M., resulted in the appointment of a new director and the recording of a resignation from the company.The company approved the appointment of Ms. Deepika Awasthi as an Additional Director, categorized as an Executive Director, effective February 2, 2026.According to the details provided for the appointment, Deepika Awasthi is described as a seasoned expert in astrology, numerology, and tarot reading, with over 15 years of experience. Her profile highlights her role in guiding...

Antony Lara Subsidiary Enters Agreement with JFE Engineering for Waste-to-Energy Projects Antony Lara Enviro Solutions Private Limited, a material subsidiary company of Antony Waste Handling Cell Limited, has entered into a Share Subscription Agreement and Shareholders' Agreement with JFE Engineering Corporation, Japan. This agreement pertains to an investment exceeding ¥ 750 Million across two Special Purpose Vehicles (SPVs) in Andhra Pradesh.The investment is focused on setting up two Waste-to-Energy Projects in the region. The capital will be deployed through a primary issuance of shares by the named SPVs. Under the terms, JFE Engineering Corporation is set to acquire a minority equity stake of 25% in each of the two SPVs...

Hindustan Oil Exploration Company Addresses Increased Trading Volume on its Security Hindustan Oil Exploration Company Ltd confirmed its routine dissemination of company updates regarding any events or information impacting its operations or performance. The company stated it remains compliant with regulations concerning price sensitive information.The company addressed the increased trading volume on its securities, affirming that it was not aware of the reasons for the spike in volume. Hindustan Oil Exploration Company Ltd reiterated its commitment to submitting all material and price sensitive information to the Stock Exchanges in a timely manner.HINDOILEXP Stock Price Movement As of 11:26 AM, shares of Hindustan Oil Exploration...

InterGlobe Aviation Ltd Announces ESOP Share Allotment for Two Schemes On April 8, 2026, the ESOP Allotment Committee of InterGlobe Aviation Ltd approved the allotment of shares resulting from the exercise of vested stock options. The allotments relate to the InterGlobe Aviation Limited Employee Stock Option Scheme 2015 and the InterGlobe Aviation Limited Employee Stock Option Scheme 2023.The details of the allotments for both schemes are provided below.Details from InterGlobe Aviation Limited Employee Stock Option Scheme 2015 The allotment under the Employee Stock Option Scheme 2015 involved the issuance of 34,000 shares. These shares have a par value of Rs. 10/- and an exercise price per share of Rs. 1855.30/-, with a premium of...

P N Gadgil Jewellers Reports Q4 FY26 Results: Revenue Rises 40% YoY P N Gadgil Jewellers Limited announced its quarterly update for Q4 FY26, reporting an overall revenue of ₹10,744 crore, representing a 40% year-over-year (YoY) increase. The company noted that an outstanding fourth quarter was a significant driver of this growth, with total revenue increasing by 124% YoY during the quarter.Quarterly Revenue Highlights The financial performance for the quarter under review showed substantial growth across key segments. Total revenue excluding the other segment grew by 104% YoY. The detailed consolidated revenue figures are presented below:Consolidated Revenue (Rs in Cr)Q4 FY'26Q4 FY'25Revenue Excluding Other segment3,1961,569...

Stove Kraft Limited Appoints Subhadeep Pal as VP-Finance Stove Kraft Limited announced the appointment of Mr. Subhadeep Pal as Vice President-Finance (VP-Finance), effective immediately. The Board of Directors approved this appointment following a resolution passed by circulation on April 8, 2026, based on the recommendation of the Nomination and Remuneration Committee.Mr. Pal, a qualified Chartered Accountant (ICAI) who holds a B.Com (Hons.) from Patna University, brings over 23 years of experience in Finance Leadership to the role. His expertise spans Corporate Finance, Controllership, Internal Audit, Treasury, FP&A, and Business Partnering across various sectors, including Pharma, FMCG, Foods, and Energy.The company noted Mr...

Ramdevbaba Solvent Limited has reported the commencement of ethanol dispatch by its subsidiary, M/s RBS Renewables Private Limited, to Oil Marketing Companies (OMC's).The first dispatch of ethanol was successfully completed on April 7, 2026, at approximately 10:00 P.M. The subsidiary, located at Tal-Bramhapuri, Dist.-Chandrapur - 441206, Maharashtra, India, has noted that its factory operations are running smoothly.The key details regarding this initial dispatch and the operating entity are summarized below:ParticularsDetailsName of the entityRBS Renewables Private Limited, a subsidiary of Ramdevbaba Solvent LimitedLocation of the Factory UnitTal-Bramhapuri, Dist.- Chandrapur - 441206, Maharashtra, IndiaName of...

Cyient Semiconductor Completes $85 Million Majority Investment in Kinetic Technologies San Jose, California and Hyderabad, India - April 8, 2026: Cyient Semiconductors announced the successful close of its USD $85 million majority stake investment in Kinetic Technologies. Kinetic Technologies is a global power semiconductor solutions provider.This investment positions Kinetic Technologies alongside Cyient Semiconductors, forming a combination with immediate product scale, IP depth, and market credibility. Kinetic Technologies brings over 100 silicon proven IPs and more than 250 high volume custom and ASSPs spanning power management, protection, display power, and interface solutions.The investment marks a significant advancement in...

Flex Foods Ltd Confirms Timely Disclosure of Material Information Flex Foods Ltd confirmed that it has regularly and accurately disclosed all material information pertaining to the company's operations and performance to the stock exchange. The company stated that it has fulfilled all necessary disclosures as required.The company confirmed that no pending information or announcement exists that could affect the price or volume movement of its shares.Flex Foods Ltd stated that the recent movement in the share price is purely market driven. The company maintained that all price sensitive information has been disclosed in a timely manner in the past.Stock Price Movement At 11:15 AM, Flex Foods Ltd- shares are ticking up to ₹44.98...

Leading Indian-Made Foreign Liquor (IMFL) manufacturer, Tilaknagar Industries Limited (TI), has been recognized by FinanceAsia among Asia's Best Companies for 2026. The accolade acknowledges the company's strong management practices, sustained performance, industry leadership, and ongoing commitment to excellence.TI secured a Bronze Medal in the Best Managed Company in India category and a Silver Medal in the Best Managed Company in India (Consumer Staples) category, positioning it among top-performing corporations in India. The company was recognized alongside other major corporations, including Reliance Industries Ltd and Tata Steel Ltd. In the consumer staples category, Tilaknagar Industries ranks among top firms like Tata Consumer...

The Securities and Exchange Board of India issued a Notice of Demand to B S Aggarwal & Sons HUF concerning recovery proceedings related to trading in illiquid stock options at the BSE. The notice pertains to Recovery Certificate number 9080 of 2026 and was issued with reference to an earlier date of April 07, 2026.The notice specifies that a total amount of Rs. 5,21,000/- (Rupees Five Lakh Twenty-One Thousands Only), along with accumulated interest, costs, charges, and expenses, is due to SEBI.A detailed breakdown of the dues recoverable is presented in the following table:Description of DuesAmount (Rs.)Penalty imposed by the Adjudicating Officer vide Order No. Order/AK/DS/2025-26/31979 dated January 21, 2026 in the matter of...

Cyient Ltd announced that its wholly owned subsidiary, Cyient Semiconductors Singapore Pte. Ltd., has successfully finalized the acquisition of a majority stake in Kinetic Technologies.The transaction saw Cyient Semiconductors Singapore Pte. Ltd. acquire a 74% stake on a fully diluted basis in Kinetic Technologies. The total consideration paid for this majority stake was USD 85Mn.The announcement pertains to the acquisition, following a prior announcement made by the company on December 17, 2025.CYIENT Stock Price Movement Shares of Cyient Limited are edging higher to ₹844.5 as of 11:04 AM today, rallying by 1.46% in live trading. The stock activity is supported by 123,477 shares transacted in volume as the market continues its...

The Reserve Bank of India (RBI) issued a statement detailing various developmental and regulatory policy measures across four key areas: Regulations, Supervision, Payment Systems, and Financial Markets. The policy review focuses on enhancing operational efficiency and easing compliance burdens for various financial entities.Regulatory Policy Review The RBI proposed several dispensations and reviews concerning banking regulations. For commercial banks (excluding Regional Rural Banks and Local Area Banks), the condition requiring that incremental provisions made for Non-Performing Assets (NPAs) at the end of any quarter not deviate more than 25 per cent of the average of the four quarters, when including quarterly net profits in the...

The Reserve Bank of India (RBI) on April 8, 2026, addressed the market regarding the economy's outlook, noting that global economic conditions are facing unprecedented challenges stemming from geopolitical tensions, the conflict in West Asia, and disruptions in global supply chains.During the Monetary Policy Committee (MPC) meeting held from April 6 to 8, the MPC unanimously voted to keep the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.25 per cent. Consequently, the standing deposit facility (SDF) rate remains at 5.00 per cent, while the marginal standing facility (MSF) rate and the Bank Rate stand at 5.50 per cent. The MPC also opted to maintain a neutral stance.The RBI noted that although headline...

DEE Development Engineers Reports March 2026 Order Book Updates DEE Development Engineers Limited released details concerning its order book updates for the period spanning March 1, 2026, to March 31, 2026. The company provided a comprehensive overview of its business segments, detailing order inflows, executed amounts, and cumulative figures.The order book data, presented in INR in Crores, outlines the activity across various nature of activities, including Pipings and Heavy Fabrication.The following table summarizes the order book details for the period:Nature of ActivityCustomer NameCustomer IndustryOpening Balance (as on 1st March, 2026)Order Inflow during March 2026Executed during March 2026Closing Balance (as on 28th...

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) held its 60th meeting from April 6 to 8, 2026, keeping the policy repo rate unchanged. The committee voted unanimously to maintain the policy repo rate under the liquidity adjustment facility (LAF) at 5.25 per cent. Consequently, the standing deposit facility (SDF) rate remains at 5.00 per cent, while the marginal standing facility (MSF) rate and the Bank Rate stand at 5.50 per cent. The MPC also opted to continue with a neutral stance.Global and Domestic Economic Outlook The MPC's assessment incorporated a review of evolving macroeconomic and financial developments, considering both global and domestic headwinds.Globally, the conflict in West Asia presents a...