Markets

IDBI Bank Limited Releases Quarterly Financial Data Showing Variances IDBI Bank Limited has provided a summary of its financial metrics, presenting key figures across audited and provisional reporting periods for Total Business, Total Deposits, CASA Deposits, and Net Advances.The financial data compares figures from March 31, 2025 (Audited), December 31, 2025 (Unaudited), and a Provisional figure for March 31, 2026. The following table details the performance metrics for IDBI Bank Limited in terms of Crore.Particulars31.03.2025 Audited31.12.2025 Unaudited31.03.2026 ProvisionalVariance YoY%Total Business5,28,6935,46,6436,00,53614%Total Deposits3,10,2943,07,8583,46,99812%CASA Deposit1,44,4791,35,6321,54,8737%Net...

Granules India Completes cGMP Audit at Chantilly Site Granules India Limited announced that its wholly-owned subsidiary, Granules Pharmaceuticals, Inc. (GPI), located in Chantilly, Virginia, US, successfully completed a routine current Good Manufacturing Practices (cGMP) audit by the US Food and Drug Administration (FDA). The inspection took place from March 30 to April 3, 2026.The FDA audit resulted in four Form 483 observations. The reported observations were related to procedural matters, and the inspection did not yield any data integrity related observations.Granules stated its continued commitment to maintaining the highest standards of quality, safety, and regulatory compliance, confirming it will address the observations...

Zydus Wellness Subsidiary Faces Penalty from Spanish Tax Authority Zydus Wellness Limited disclosed that its wholly owned subsidiary, Comfort Click Limited, United Kingdom (CCL), has received an order from the Spanish Tax Authority. The order alleges unpaid value added tax (VAT) for the first quarter of 2021 and imposes a penalty of EUR 19,472.57.CCL believes the penalty stems from the incorrect mapping of VAT payments to the old VAT system rather than the new VAT system.The company has indicated its intention to appeal the order, maintaining that CCL possesses strong merits in this matter.The details surrounding this tax action are summarized below.ParticularsDetailsName of the AuthoritySpanish Tax AuthorityNature and...

MOIL Limited Announces Change in Senior Management Designation MOIL Limited reports a change in the senior management designation effective April 4, 2026. The update concerns Shri Manish Malewar, who holds the position of General Manager (Personnel).The records indicate that Shri Manish Malewar, who possesses qualifications including B.Sc., PGDLS, and LLB, was designated as the Head of Department (HoD). This appointment is effective as of April 4, 2026, and the term of appointment is governed by the Service rules of MOIL.The key details of the management update are presented below:Sl. No.NameDesignationEffective DateTerm of AppointmentReason of Change1Shri Manish MalewarGeneral Manager (Personnel)04.04.2026As per Service...

Hindustan Copper Reports Strong Operational Performance for FY 2025-26 Hindustan Copper Limited (HCL), the sole Copper Miner of India, announced a robust operational performance for the financial year 2025-26, detailing significant achievements across its mining activities.For FY 2025-26, HCL achieved a Metal in concentrate (MIC) production of 27,421 tonne. This figure represents a 9% increase compared to FY 2024-25 and marks the highest production level in the last seven years. The company also recorded ore production of 3.67 million tonne in FY 2025-26, which is 6% higher than the previous year. In terms of sales, Copper MIC sales for the fiscal year reached 27,367 tonnes, marking the best performance in the last five years.These...

AWL Agri Business Ltd. Reports Preliminary Quarterly Update for Q4 FY26 AWL Agri Business Ltd., formerly known as Adani Wilmar Ltd., has released a preliminary quarterly update covering the fourth quarter (Q4) of the fiscal year 2025-26, for the period ending March 31, 2026. The company noted that a detailed disclosure of financial results will follow once the Board of Directors approves the consolidated and standalone financial results for the quarter and the year.During the quarter ended March 31, 2026, the company reported double-digit volume growth, which was primarily driven by strong performance in the Edible Oil and Industry Essentials segments. This growth was supported by stable consumer demand and gradual improvements in...

Analysis of Borrowing Calendars for Union G-secs, T-bills, and State SGS for FY27 SBI Securities Report details the borrowing calendars for Union Government securities (G-secs) for the first half of Fiscal Year 2027 (H1FY27), Union Treasury bills (T-bills) for Q1FY27, and State Securities (SGS) for Q1FY27. The report notes the challenging fiscal arithmetic facing both the Union and State governments due to increased overall borrowing. It also reviews changes in ownership profiles and tenors associated with these borrowings.Fiscal Outlook and Borrowing Dynamics The report highlights that the Union faces pressure in Fiscal Year 2027, as revenue assumptions in the Union Budget appear optimistic. This optimism is tempered by potential...

Meghmani Organics to Amalgamate Subsidiaries in Scheme of Arrangement The Board of Directors of Meghmani Organics Limited approved a Scheme of Amalgamation on April 4, 2026. The plan involves merging two wholly owned subsidiaries, Kilburn Chemicals Limited and Meghmani Crop Nutrition Limited, with Meghmani Organics Limited.The Scheme provides that the entire business, assets, liabilities, rights, obligations, licenses, contracts, and employees of both Transferor Companies will transfer to and vest in Meghmani Organics Limited on a going concern basis. The Appointed Date for this Scheme is January 1, 2026. The Scheme is set to become effective upon the filing of the certified copy of the order from the National Company Law Tribunal...

Oscar Global Ltd Announces Board Changes Including New Appointments and Resignations On April 4, 2026, the Board of Directors of Oscar Global Ltd held a meeting and transacted several significant corporate changes, including the appointment of multiple additional and Independent Directors, as well as the resignation of several key personnel.Several individuals were appointed to the Board on April 4, 2026. These appointments included:Mr. Gopal Bhatter (DIN 07465307) was appointed as an additional director. The appointment followed the provisions of the SPA dated September 30, 2025, and the fulfillment of all conditions of the SPA by Mr. Gopal Bhatter (acquirer). Mr. Gopal Bhatter, who is a CA & CS, has experience in finance. Ms...

Capital Trust Limited Enters Gold Loan Market as New-Age Challenger Capital Trust Limited (CTL), a non-banking financial company (NBFC) with established operations in MSME lending and a branch network spanning over 250 locations, has announced a strategic move into the gold loan segment. This entry positions the company as a new entrant in the rapidly expanding gold loan market.Mr. Yogen Khosla, Chairman & Managing Director of the Company, noted that the move into secured lending via the gold loan business signals a strategic shift toward establishing a more resilient, capital-efficient, and safer lending model. He stated that secured lending is expected to strengthen the balance sheet, improve asset quality, and create a more...

Tata Steel Faces Demand Notice Over Mineral Coal Extraction at West Bokaro Colliery Tata Steel Limited confirmed receiving a Demand Notice dated March 30, 2026, from the District Mining Office, Ramgarh, Jharkhand. The notice pertains to the extraction of mineral coal from the company's West Bokaro Colliery.The allegations detailed in the notice suggest that approximately 1,62,40,399 MT of mineral coal was extracted in excess of permissible limits across the period spanning FY 2000-01 to FY 2006-07. This demand notice was issued by the DMO based on grounds similar to those noted in the Common Cause vs. Union of India case (WPC No. 114 of 2014).The alleged excess production has resulted in an aggregate demand totaling...

Cash Ur Drive Marketing Limited Approves Resolution Plan for Zyngo EV Mobility Cash Ur Drive Marketing Limited, at its board meeting held on April 4, 2026, considered and approved submitting a Resolution Plan for Zyngo EV Mobility Private Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP). The submission positions Cash Ur Drive Marketing Limited as the Resolution Applicant.The board noted that the financial proposal contained within the Resolution Plan may undergo modifications or revisions during the resolution process, and any material changes to the key terms or consideration will require further board approval.Details of the Target Entity Zyngo EV Mobility Private Limited operates in the...

Compucom Software Limited Receives Order Regarding Past Provident Fund Dues Compucom Software Limited confirmed the receipt of an order from the Employee Provident Fund Organization, under the Ministry of Labour & Employment, Government of India. The order pertains to the determination of amounts due from the company under Section 7A of the Employees' Provident Funds & Miscellaneous Provisions Act, 1952, covering the period from August 2008 to October 2012.The documentation indicates that the EPFO authority passed an order on 06/08/2014 following an inquiry initiated regarding the non-provision of PF benefits to contractual employees engaged with Jaipur Vidyut Vitran Nigam Ltd. for the specified timeframe.The core financial...

Rate of Interest on Government of India Floating Rate Bond 2028 Announced The Reserve Bank of India announced the interest rate for the Government of India Floating Rate Bond 2028 (FRB 2028) for the six-month period spanning April 04, 2026, to October 03, 2026.The applicable rate of interest for the FRB 2028 for this period is set at 6.17 per cent per annum.The document noted that the FRB 2028 coupon is based on a rate structure. This rate carries a base rate equivalent to the average of the Weighted Average Yield (WAY) of the last three auctions. This calculation incorporates the rate fixing day auction, specifically the T-Bills, along with a fixed spread of 0.64 per cent.Source:

AU Small Finance Bank Reports Quarterly Performance Metrics AU Small Finance Bank Limited released key operational data detailing its performance for the quarter and financial year ended March 31, 2026. The reported metrics offer insights into the bank's deposit levels, advances portfolio, and key ratios.The bank provided a comparison of financial figures across three time points: the fiscal year ended March 31, 2026; the fiscal year ended March 31, 2025; and the quarter ended December 31, 2025.The following table summarizes the material performance data for AU Small Finance Bank Limited, with figures presented in ₹ Crores:Particulars31 st Mar'2631 st Mar'25YoY31 st Dec'25QoQTotal Deposits1,52,6601,24,26922.8%1,38,41510.3%...

SRM Contractors Ltd Bags Contract Valued at Rs. 483 Crores from MSIDC SRM Contractors Ltd secured a significant contract valued at Rs. 483 Crores from the Maharashtra State Infrastructure Development Corporation Limited (MSIDC). The awarded contract pertains to the construction of the Nashik Ring Road (Southern side) and is structured under an Engineering, Procurement, and Construction (EPC) mode.The project details indicate that the scope covers Package 6, specifically from Design chainage 14.950 to 28.970, representing a length of 14.020km. The contract size is Rs. 483 Crores.The execution timeline for this newly awarded contract is set for 12 Months from the appointed date.Key operational details regarding the contract award...

Mercury Trade Links Ltd Board Approves Key Directorship Changes and Designation Update On April 4, 2026, the Board of Directors of Mercury Trade Links Ltd noted several key approvals following a meeting held on that day. The board took action regarding director designations and the appointment of two additional Non-Executive Independent Directors.The board considered and approved the change in designation for Mr. Prashantbhai Nareshbhai Nayak (DIN: 11220150), moving him from Executive Director to Managing Director. This change is subject to the approval of the shareholders.Additionally, the board approved the appointment of Ms. Nidhi Jayantibhai Thakar (DIN: 10218678) and Mr. Dinesh Kumar Koli (DIN: 11647566) as Additional...

J. Kumar Infraprojects Secures Contract for International Exhibition Centre in Lucknow J. Kumar Infraprojects Ltd has secured a significant contract for the design, engineering, and procurement of construction for an International Exhibition-cum-Convention Centre. The company received a Letter of Acceptance dated April 03, 2026, from the Superintending Engineer, PMGSY Circle P.W.D. Lucknow.The awarded project involves the development of the International Exhibition-cum-Convention Centre for 10,000 people located at Vrindavan Yojna, Sector-15 in the Lucknow district of U.P. The contract is structured on an Engineering, Procurement, and Construction (EPC) Mode basis.The contract price for the project is ₹ 1,184,00,00,000/- (Rupees One...

Goodluck India Ltd Announces Analyst and Investor Meeting Schedule Goodluck India Ltd has announced the schedule for a Management Interaction with Analysts and Institutional Investors. The meeting is set to take place on April 10, 2026, in Sikandrabad, UP.The scheduled interaction is designated as a Group or one to one meeting format.For the purpose of investor awareness, the company stated that no Unpublished Price Sensitive Information is proposed to be shared during the aforesaid meeting.The details regarding the meeting schedule are presented below:Date of meetingLocationType of meeting10/04/2026Sikandrabad, UPGroup, one to oneSource:

Kanchi Karpooram Ltd Board Meeting Approves Memorandum Alteration Subject to Shareholder Vote The Board of Directors of Kanchi Karpooram Ltd meeting on April 4, 2026, considered and approved several key corporate actions. The primary focus was the proposed alteration to the Company's Memorandum of Association.The proposed alteration involves inserting new sub-clauses 3 through 6 immediately following the existing two Main Object Clauses within Clause III (A). This change to the object clause is subject to the subsequent approval of the shareholders via a postal ballot conducted through remote e-voting.Additionally, the Board approved the issuance of the postal ballot notice required to seek shareholder approval for this business...