Markets

Motilal Oswal Financial Services Receives Request for Promoter Share Reclassification Motilal Oswal Financial Services Limited has received requests from several members of its Promoter Group seeking to reclassify their shares from the ‘Promoter Group’ category to the ‘Public’ category.The Company announced that eleven individuals have submitted the request letters, detailing their individual holdings and confirming the necessary conditions for such a reclassification. The promoters seeking reclassification, collectively, hold an aggregate of 24,45,412 shares, representing 0.42% of the total shareholding of the Company.The details of the individuals and their respective shareholdings are as follows:Sr. No.Name of person(s)...

Hybrid Financial Services Ltd Board Meeting Scheduled to Approve Financial Results and Dividend Declaration Hybrid Financial Services Ltd announced that its Board of Directors will meet on Thursday, May 21, 2026. The meeting is scheduled to consider several key corporate approvals, including the audited financial results for the year and the declaration of a dividend on preference shares.The board meeting agenda includes considering the following material corporate matters:ItemDescriptionDetailsFinancial ResultsApproval of Audited Financial Results for the Quarter and Year Ended March 31, 2026Includes Audited Financial Statements for the Financial Year Ended March 31, 2026, of the Merged Entity.DividendApproval of Dividend...

ABD Maestro Wins Three Gold Medals at Prestigious London Spirits Competition 2026 Allied Blenders and Distillers Limited (ABD) and its Super Premium to Luxury Portfolio subsidiary, ABD Maestro Pvt. Ltd, have secured significant international recognition, winning three Gold medals at the London Spirits Competition 2026. These wins underscore the growing global prominence of Indian spirits brands.The awards success was highlighted by ZOYA Special Batch Gin, ZOYA Espresso Coffee Gin, and WOODBURNS Contemporary Indian Malt Whisky, which clinched the three Gold medals. The broader portfolio of ABD Maestro also performed strongly, earning awards for consistency and craft across several categories.The London Spirits Competition 2026...

OneSource's Partner Dr. Reddy's Gains Health Canada Approval for Generic Semaglutide Injection OneSource Specialty Pharma Limited announced that its partner, Dr. Reddy's Laboratories Ltd., has received a Notice of Compliance from Health Canada for Semaglutide Injection. The approval targets Semaglutide Injection, which is a generic version of Ozempic®.OneSource Specialty Pharma Limited stated that it serves as the CDMO partner for this program, providing scale-up and manufacturing support. The partnership is strategically positioned to ensure a reliable and scalable commercial supply utilizing OneSource's US-FDA approved flagship manufacturing facility located in Bengaluru.Neeraj Sharma, CEO & MD of OneSource Specialty Pharma...

Dr. Reddy's Labs Secures Health Canada Approval for Generic Semaglutide Injection Dr. Reddy's Laboratories Ltd. announced on April 29, 2026, that it has received a Notice of Compliance (NOC) from the Pharmaceutical Drugs Directorate, Canada (Health Canada), for its generic Semaglutide Injection. This achievement positions Dr. Reddy's as the first company to obtain market authorization for generic Semaglutide Injection in Canada, coming ahead of Health Canada's review target date.The market authorization covers the specific formulations of Semaglutide Injection: 2 mg / pen (1.34 mg / mL) and 4 mg / pen (1.34 mg / mL). The issuance of the NOC from Health Canada authorizes the commercialization, sale, and distribution of Semaglutide...

Shyam Metalics Announces ₹2,700 Crore Strategic Growth Program for Value-Added Steel Expansion Shyam Metalics and Energy Limited (SMEL), a major integrated metal-producing company in India, has announced a significant ₹2,700 crore strategic growth expansion program. The capital infusion is designed to deepen the company's focus on high-margin, value-added specialty steel segments and strengthen its downstream capabilities, which will be targeted for commissioning by 2029.The entire investment for this expansion will be funded through internal accruals. This new plan complements the company's existing ₹16,060 crore capex pipeline, of which approximately ₹8,700 crore has already been invested. The remaining balance of the previously...

TANFAC Industries Seals Long-Term Supply Agreement with Blue Star Limited TANFAC Industries Ltd., a joint sector company with TIDCO and Anupam Rasayan India Ltd., has finalized a long-term agreement for the supply of a key fluorinated product with M/s. Blue Star Limited. The agreement marks a significant supply contract, estimated to be worth around Rs. 61 crores per annum.The arrangement establishes a domestic, long-term supply partnership between the two entities. The agreement specifies the supply of the key fluorinated product according to agreed specifications and is structured for an indefinite period, including a mutual termination clause.TANFAC Industries Ltd. confirmed that the agreement does not involve any promoter...

Netweb Technologies Launches Tyrone ParallelStor Velox Data Platform Netweb Technologies India Ltd has announced the launch of its new product, Tyrone ParallelStor Velox, establishing a comprehensive offering for advanced data infrastructure.The new platform is categorized as A Unified Data Platform Powering AI, HPC, and Enterprise Infrastructure. According to the company, the product launched on April 29, 2026.The development of Tyrone ParallelStor Velox is positioned to cater to both domestic and international markets. Currently, the product launch and availability are focused within India.The key details regarding the product launch are summarized below:ParticularsDetailsProduct NameTyrone ParallelStor VeloxLaunch...

ICRA Revises and Reaffirms Credit Ratings for Ola Electric Subsidiaries Ola Electric Mobility Ltd confirmed that ICRA Limited has revised and/or reaffirmed the credit ratings assigned to its wholly owned subsidiaries, Ola Electric Technologies Private Limited (OET) and Ola Cell Technologies Private Limited (OCT). The ratings action was announced on April 28, 2026.ICRA Limited reviewed the credit ratings for both entities, detailing the status for various instruments and facilities.Ratings for Ola Electric Technologies Private Limited The rating action for OET included facility types ranging from long-term loans to short-term fund-based facilities.Facility / InstrumentRating ActionLong-Term-Term Loan[ICRA]BBB (Negative)...

Reliance Power's 21.82 Crore Outstanding Warrants Lapse Due to Non-Conversion Reliance Power Limited announced that 21.82 crore outstanding warrants issued by the company have lapsed. The lapse includes the amount paid on these warrants.The lapse occurred because the warrants were not converted within the prescribed period of 18 months. This operational update reflects the retirement of the outstanding securities, making the amount paid upon them null and void.The company confirmed this action following its previous communication regarding the matter, detailing the non-conversion of the warranted shares.RPOWER Stock Price Movement On Tuesday, Reliance Power Limited shares edged higher to close at ₹29.55, gaining 0.61% for the day...

Rikhav Securities Announces Open Offer to Public Shareholders A consortium of acquirers, including B D Lakhani, B N Lakhani, H D Lakhani, and N D Lakhani, has initiated an Open Offer for the acquisition of equity shares of Rikhav Securities Limited (RSL). The offer is directed towards all public shareholders of the company.The Open Offer proposes to acquire up to 99,55,920 equity shares of RSL, representing 26% of the company's voting share capital. The consolidated offer price set for these shares is Rs. 47.75 per equity share. This price is payable in cash.The acquiring group is comprised of the four named Acquirers, along with four Persons Acting in Concert (PACs): Hitesh Himmatlal Lakhani, Deep Hitesi Lakhani, Vaishali Rajendra...

Sri Lotus Developers and Realty Receives GST Show Cause Notices for Multiple Financial Years Sri Lotus Developers and Realty Limited, which successfully merged with Veer Savarkar Projects Private Limited, announced that the company has received Show Cause Notices (SCNs) concerning alleged tax liabilities. The notices pertain to Goods and Services Tax (GST) and Maharashtra Goods and Services Tax (MGST) for several financial years.The notices, received from the Office of the Assistant Commissioner of State Tax, Mumbai, Maharashtra, are detailed in Form GST DRC-01. They relate to alleged violations under Section 74(1) of the Central Goods and Services Tax (CGST) Act, 2017, and the Maharashtra Goods and Services Tax (MGST) Act, 2017. The...

Five-Star Business Finance Limited Reports Q4 FY26 and FY26 Results, Highlighting Operational Recovery Five-Star Business Finance Limited announced its unaudited financial results for the quarter and year ending March 31, 2026. The company reported figures across key metrics including Assets Under Management (AUM), Profit After Tax (PAT), and various operational efficiencies for both the quarter and the full financial year.Quarterly and Annual Financial Performance The company's performance metrics are outlined below for the quarter and year ended March 31, 2026, compared to the preceding periods.Results for the Quarter Ended March 31, 2026ParticularsQ4FY26Q4FY25Y-o-YQ3FY26Q-o-QAUM (Rs Cr)13,22511,87711%12,9642%...

Onesource Specialty Pharma Receives EU GMP Certificate for Sterile Product Division Onesource Specialty Pharma Limited has confirmed that its Sterile Product Division (SPD) facility in Bangalore has obtained an EU GMP Certificate of Compliance of a Manufacturer. The certificate was issued by the competent German authority, the State Office for Occupational Safety, Social Affairs and Health of Schleswig-Holstein, Germany.The certificate, dated April 27, 2026, confirms that the facility complies with strict EU GMP requirements for sterile products. This certification followed a recent inspection conducted on October 14, 2025.The scope of the EU GMP compliance covers critical aspects of sterile product manufacturing, including...

Emmvee Photovoltaic Power Reports Strong Growth, Doubles FY2026 Revenue to ₹5,050 crore Bengaluru, April 28, 2026 - Emmvee Photovoltaic Power Ltd, a leading integrated solar photovoltaic module and cell manufacturer in India, today announced its financial results for the quarter and year ended March 31, 2026. The company reported significant growth metrics for FY2026, with revenue from operations reaching ₹5,050 crore.The financial results indicate a substantial increase across key performance indicators. For the full fiscal year 2026, the company recorded revenue from operations of ₹5,050 crore, representing an 116% year-on-year jump. EBITDA climbed 140% year-on-year to ₹1,734.4 crore, while Profit After Tax (PAT) stood at ₹1,081.6...

Piramal Pharma Announces Q4 and Full-Year FY26 Results, Points to Growth Momentum in FY27 Piramal Pharma Limited, a global pharmaceutical and health and wellness company, announced its standalone and consolidated financial results for the Fourth Quarter (Q4) and Full-year ended March 31, 2026. The results highlight the performance of its key segments, including Contract Development and Manufacturing Organization (CDMO), Complex Hospital Generics (CHG), and Piramal Consumer Healthcare (PCH).Consolidated Financial Highlights The company reported consolidated financial metrics for FY26, noting that full-year reported growth was impacted by inventory destocking, slower early-stage order inflows in H1FY26, and softer ex-US inhalation...

Diensten Tech Limited Approves Preferential Issue of Warrants Worth Rs. 4.58 Crore Diensten Tech Limited announced that its Board of Directors held a meeting on April 28, 2026, and approved the preferential issuance of Fully Convertible Warrants to selected promoters and public category investors. The transaction involves the issue of up to 3,98,800 Warrants, aggregating up to Rs. 4,58,62,000 for cash.Under the approved plan, each Warrant carries the right to subscribe to one Equity Share of face value of Rs. 10 only. The issuance was conducted on a preferential basis at an issue price of Rs. 115 only per Warrant. The total value of the issue is subject to the shareholders' approval.The total number of Warrants approved for...

Piccadily Agro Reports Robust Growth in FY26, Driven by Distillery Expansion and IMFL Momentum Piccadily Agro Industries Limited reported strong financial performance for the quarter and year ended March 31, 2026, highlighting major operational expansions and sustained growth across its alcoholic beverage portfolio. The company noted significant achievements, including the expansion of its Indri distillery and the commissioning of a new greenfield facility in Chhattisgarh, both completed within budgeted cost estimates.During the fiscal year 2026, the Distillery business recorded a strong financial performance, with revenue growing by 41% year-over-year. The EBITDA margin for this segment improved to 32%, marking an increase of 200...

Netweb Technologies Introduces Tyrone ParallelStor Velox, a Unified Data Platform for AI and HPC Netweb Technologies has unveiled Tyrone ParallelStor Velox, a unified data platform featuring parallel file system capabilities designed to tackle the critical data bottleneck currently impacting modern AI infrastructure and high-performance computing (HPC) workloads.The company stated that as organizations scale their AI workloads and deploy increasingly powerful GPU clusters, a fundamental constraint has emerged. While compute performance has advanced rapidly, the required data infrastructure has not kept pace. The core limitation, according to Netweb, is that AI performance is no longer limited by compute but by data.Velox is...

Anondita Medicare Qualified as Vendor for South African Government Tender Anondita Medicare Limited, an Indian manufacturer, has secured vendor status with local entities in South Africa. The company was qualified under the Transversal Contract RT75-2025, issued by the National Treasury, Republic of South Africa.The qualification is notable as it follows the successful completion of extensive due diligence, audit processes, and regulatory approvals by the South African Bureau of Standards (SABS). Anondita Medicare holds the SABS Certification (SANS 4074:2017).The Transversal Contract RT75-2025 establishes a critical procurement framework for public healthcare requirements across South Africa. The contract period for this supply...