Markets

Corporate Accountability Demands Evidence First: Jindal Supports Measured Approach After Vedanta Tragedy Blast at Vedanta Power Plant Sparks Debate on Corporate Governance The Vedanta Group Chairman Anil Agarwal has come under scrutiny following an industrial blast at the company's power plant in Sakti district, Chhattisgarh. The incident, which occurred on April 14, claimed 23 lives, leading to intense debate regarding industrial accountability and corporate liability.The Chhattisgarh police registered an FIR against Agarwal. The charges include stringent IPC sections, such as causing death due to negligence. The explosion happened in a steel tube carrying high-pressure steam from the boiler to the turbine at the Vedanta Ltd power...

Pakistan Faces Drug Crisis: US-Iran Conflict Disrupts Life-Saving Medicine Supplies New Delhi, April 18 - The escalating US-Iran conflict has exposed critical gaps in Pakistan’s healthcare preparedness, severely disrupting supplies of life-saving medicines and essential infant milk formulas. A recent report details how this supply shock is causing acute shortages and sharp increases in pricing across the nation.The crisis is creating significant distress for patients who rely on critical drugs and imported nutritional products. Mohammad Atif Hanif Baloch, President of the Wholesale Chemists Council of Pakistan, highlighted the need for immediate policy intervention.He stated that the government lacks a clear mechanism to ensure...

Kody Technolab Appoints Kashyap Jaladipbhai Jani as Additional Director Kody Technolab Limited announced that its Board of Directors approved the appointment of Mr. Kashyap Jaladipbhai Jani as an Additional Director (Non-Executive & Independent). The decision was made during a Board meeting held on Saturday, April 18, 2026.Mr. Kashyap Jaladipbhai Jani, holding DIN: 10095658, joins the company with immediate effect, starting April 18, 2026. The appointment is set for a period of five years.The Board's decision was based on the recommendation of the NRC Committee.Profile of New Director The company released key details regarding Mr. Jani, highlighting his extensive professional background.ParticularsDetailsNameMr. Kashyap...

Essex Marine Ltd Completes Major Expansion of Seafood Processing Unit in Shankarpur Essex Marine Ltd has successfully achieved significant operational milestones, completing major enhancements and capacity expansions at its processing unit located in Shankarpur. The developments mark a substantial advancement for the integrated seafood player.The Company announced the completion of two key initiatives: the expansion of existing peeling capacity and the addition of a specialized "Ready-to-Cook" section. This new ready-to-cook capability integrates blanching processes directly into the existing operational line at the Shankarpur facility.The expanded facility has been developed incorporating modern infrastructure and is designed to...

Laxmi India Finance Reports Significant Growth in Customer Base and Assets Under Management Laxmi India Finance Limited, formerly known as Laxmi India Finance Private Limited, has reported strong growth metrics for the financial year ended March 31, 2026, reflecting a continued scale-up of its lending portfolio and expanding operational footprint.The company announced that its total customer base increased by 20.35% year over year (YoY), reaching 42,809 as of March 31, 2026, compared to 35,568 at the end of March 31, 2025.Key Financial and Operational Highlights The financial results for the year demonstrate robust expansion across core business areas. Assets under management (AUM) witnessed a substantial growth of 27.34% YoY...

Kanpur Plastipack Board Meeting Scheduled to Consider FY and Quarterly Financial Results Kanpur Plastipack Ltd has announced that its Board of Directors will hold a meeting on Saturday, May 2, 2026, at 12:30 PM. The board meeting is slated to consider several key matters, including the company’s annual and quarterly performance for the period ending March 31, 2026.During the meeting, the directors are scheduled to consider and approve the standalone and consolidated Audited Financial Results for both the quarter and the full Financial Year ended March 31, 2026.The board agenda also includes considering and recommending the final dividend, if any, for the fiscal year 2025-26.Kanpur Plastipack Ltd is involved in the manufacturing...

B. P. Capital Ltd To Hold Board Meeting to Consider Shift to Delhi, Alteration of MoA B. P. Capital Ltd is scheduled to hold a Board of Directors meeting to consider the shifting of its registered office from Haryana to the National Capital Territory of Delhi. The meeting will also address the subsequent necessary alteration of the company's Memorandum of Association.The Board Meeting is set for Saturday, April 25, 2026, at 03:00 P.M. The meeting will take place at the company’s registered office located at Plot No-138, Roz -Ka -Meo Industrial Area, Sohna (Distt. Mewat), Haryana-122103.The primary agenda for the Board includes considering and approving the relocation of the company's registered office from the State of Haryana to...

High Court Refers Writ Proceedings Questions to Larger Bench; Interim Orders Continue Shemaroo Entertainment Limited has reported that the Hon'ble High Court of Judicature at Bombay has referred the questions of law arising in the writ proceedings filed by the Company to a Larger Bench for adjudication.In an order dated April 17, 2026, the High Court took the step of referring the matters involved in the Company’s writ proceedings to a Larger Bench. The Court further directed that all existing interim orders in the matter, including the directive that no further action shall be taken concerning the impugned show cause notice/order until final orders are pronounced, shall continue in force until the Larger Bench determines the issues...

Supreme Court Disposes of IL&FS Civil Appeals; CIRP Proceedings Must Proceed Expeditiously Ansal Properties & Infrastructure Ltd received confirmation of the Supreme Court of India's order dated April 16, 2026, concerning the disposal of Civil Appeal No(s).807-808/2026 and multiple connected legal matters. The ruling addresses the financial services firm IL AND FS Financial Services Limited versus Pranav Ansal and others.The Supreme Court, in its order, disposed of Civil Appeal Nos.807-808/2026 along with all related connected appeals.During the hearing, the Court noted that while it was not inclined to interfere with the order passed by the NCLAT, it kept open the questions of law raised by Mr. Gopal Jain and Mr. Sudhanshu...

Mafatlal Industries Ltd To Hold Board Meeting to Review FY2026 Results and Recommend Dividend Mafatlal Industries Ltd has scheduled a Board of Directors meeting on Tuesday, May 5, 2026. The meeting is set to consider and approve crucial matters related to the company's financial performance and the convening of its Annual General Meeting (AGM).The agenda items for the Board meeting include taking on record the Annual Audited Standalone and Consolidated Financial Results for the financial year ending March 31, 2026.A key focus of the meeting will be the consideration and recommendation of a final dividend, if any, for the financial year ended March 31, 2026. This recommendation remains subject to the final approval of the Equity...

Sumit Woods Limited Acquires 99% Stake in Access Facility Management LLP for Real Estate Expansion Sumit Woods Limited has entered into an agreement to acquire a 99% partnership interest in Access Facility Management LLP (AAH-8525) by way of capital contribution. The investment secures substantial control over the affairs of Access Facility Management LLP, making the entity an affiliate of Sumit Woods Limited.The acquisition enables Sumit Woods Limited to participate directly in building projects and further expands the Company's real estate activities. The strategic goal is generating sustainable returns through the development and monetization of property.In addition to the investment, Access Facility Management LLP is considering...

Hardwyn India Launches ISI-Certified Floor Spring Amid Securing Orders from Institutional Projects Hardwyn India Ltd., a manufacturer of architectural hardware solutions, announced the launch of its ISI-certified Floor Spring, alongside securing multiple purchase orders from prominent institutional and government-backed infrastructure projects across India.The newly launched Floor Spring is designed to provide reliable glass door control, smooth closing action, and certified performance tailored for frameless glass door installations. Developed to meet stringent Indian safety standards, the product is highly suitable for commercial and institutional environments that require durability and consistent performance.Manufactured using...

Dhyaani Tradeventtures Ltd to Hold Board Meeting on April 22, 2026, to Appoint Internal Auditors Dhyaani Tradeventtures Ltd, formerly known as Dhyaani Tile & Marblez Limited, announced that its Board of Directors meeting is scheduled for Wednesday, April 22, 2026. The meeting is set to take place at the company's registered office.The primary purpose of the Board meeting is to conduct critical corporate business, including the review and formal approval of the company's internal auditing structure.The agenda for the meeting includes the following key items:Agenda ItemDescriptionInternal Auditor AppointmentConsideration and approval of the appointment of Internal Auditors for the Financial Year 2026-27.Other...

Bhansali Engineering Polymers to Hold Board Meeting to Review Financial Results and Consider Final Dividend Bhansali Engineering Polymers Ltd. has scheduled a Board Meeting for Friday, April 24, 2026, in Mumbai. The meeting is slated to consider and approve key financial matters for the company.The board's primary agenda includes reviewing the audited financial results for the quarter and the full financial year ending March 31, 2026, in both standalone and consolidated formats. Additionally, the meeting is scheduled to consider the declaration of a Final Dividend.In an operational update, the company announced that the trading window for dealing in its Equity shares by designated persons, immediate relatives, and connected persons...

Adani Green Energy Clarifies US Legal Proceedings, Confirms Company Is Not Party to SEC Case Adani Green Energy Limited provided a major update regarding a civil legal matter concerning its directors, Mr. Gautam Adani and Mr. Sagar Adani, which originated in the United States District Court for the Eastern District of New York (EDNY).The proceedings were initiated by the United States Securities and Exchange Commission (SEC) against the directors. The company issued clarifications stating that Adani Green Energy Limited is not a party to these ongoing proceedings, and no charges have been brought against the corporation itself. Furthermore, the company noted that the directors have not been charged with any violation of the United...

Smartlink Holdings to Hold Board Meeting to Approve Financial Results for FY2026 Smartlink Holdings Ltd has scheduled a meeting of its Board of Directors to review and approve the audited financial performance for the fiscal year ending March 31, 2026.The Board meeting is set for Wednesday, May 13, 2026. The primary agenda for the meeting includes considering and approving the Audited Financial Results (both Standalone and Consolidated) for the quarter and year ended March 31, 2026.In terms of corporate trading protocols, the company confirmed that the trading window for its securities, which was previously closed as part of the company's code of conduct for the Prevention of Insider Trading, was effective from April 01, 2026.The...

Sindhu Trade Links Ltd. Board Meeting Scheduled to Discuss Acquisition in Singapore Sindhu Trade Links Ltd. has announced that its Board of Directors meeting is scheduled for Friday, April 24, 2026, at 04:00 P.M. The meeting will take place at the company's Corporate Office.The primary focus of the board meeting will be to consider and approve a significant Related Party Transaction. This transaction pertains to the acquisition of a controlling interest in Advent Coal Resources Pte. Ltd., based in Singapore. The acquisition is planned to be executed through the allotment of shares of Sindhu Trade Links Ltd. on a preferential basis.The meeting agenda also includes discussions regarding proposed material related party transactions and...

Sheetal Universal Limited Receives In-Principle Approval for Issuance of Convertible Warrants and Equity Shares Sheetal Universal Limited has received in-principle approvals from the National Stock Exchange of India Limited (NSE) concerning the issuance of capital through warrants and equity shares. The approvals relate to the company’s fundraising activities via Preferential Allotment.The company reported that the National Stock Exchange of India Limited granted in-principle approval for the issuance of 14,20,000 Convertible Warrants. This approval was conveyed through Preferential Allotment letters dated April 17, 2026.In a separate communication, the NSE also granted in-principle approval for the issuance of 14,20,000 equity...

Ratnaveer Precision Engineering Ltd to Consider Raising Funds of Up to Rs. 300 Crore Ratnaveer Precision Engineering Limited, formerly known as Ratnaveer Metals Limited, announced that its Board of Directors will meet on Tuesday, April 28, 2026. The primary purpose of the meeting is to consider and approve a substantial proposal to raise funds through the issuance of equity shares or any other eligible securities.The proposed fundraise targets an amount up to Rs. 300 crore.The capital generation can be achieved through various permissible modes, including, but not limited to, a private placement, a qualified institutions placement, preferential issue, Right Issue, or any combination of methods allowed under applicable laws. This...

AVRO INDIA LIMITED Allots 1,06,090 Equity Shares Following Conversion of Convertible Warrants AVRO INDIA LIMITED announced the allotment of 1,06,090 fully paid-up equity shares of the company. The allotment occurred following the exercise of warrants by certain Non-Promoter Warrant Holders, as approved by the company's Board of Directors on April 18, 2026.The initial warrant allotment previously involved 5,30,451 Convertible Warrants of face value of Rs. 10 each, which were issued at an aggregate issue price of Rs. 127.25 per warrant.On April 18, 2026, the Company’s Board of Directors approved the allotment of 1,06,090 fully paid-up equity shares. This conversion materialized after several Non-Promoter Warrant Holders exercised...