Markets

RBI Launches Mega Mission SAKSHAM to Revitalize India's Urban Co-operative Banking Sector The Reserve Bank of India (RBI) has significantly ramped up its regulatory efforts to strengthen the Urban Co-operative Banking (UCB) sector. In a major move aimed at capacity building, the RBI officially launched Mission SAKSHAM on April 28, 2026. This initiative represents a comprehensive, mission-mode, sector-wide training program designed to enhance operational efficiency and stability across UCBs nationwide.Scope and Objective of Mission SAKSHAM SAKSHAM is an acronym derived from a Sanskrit word meaning "to make capable" or "competent." The mission is positioned as a critical intervention, building upon various ongoing supervisory and...

Kirloskar Brothers Limited Receives ESG Rating from ESG Risk Assessments & Insights Limited Kirloskar Brothers Limited announced that ESG Risk Assessments & Insights Limited has assigned an ESG rating to the company. The rating, which assesses the company's environmental, social, and governance performance, is available for review on the provider's website.The company clarified that Kirloskar Brothers Limited did not engage ESG Risk Assessments & Insights Limited to obtain this rating. Instead, the rating was independently assigned and submitted by the provider.The ESG rating assigned to Kirloskar Brothers Limited can be accessed at the following URL: https://india360.esgrisk.ai/Accounts/Ratinglist.KIRLOSBROS Stock Price Movement...

Bharat Seats Limited Receives Income Tax Appellate Orders for Multiple Assessment Years Bharat Seats Limited announced that it has received appellate orders from the Income Tax Department, specifically from the Office of the Commissioner of Income Tax (Appeals), Delhi. These orders pertain to multiple assessment years under Section 250 of the Income Tax Act, 1961.The company confirmed receipt of the orders dated April 24, 2026, on April 27, 2026.The outstanding appeals cover the assessment years 2018-19 to 2021-22 and 2023-24 to 2024-25.The company provided details regarding the impact of these orders on its financial and operational activities. According to the management, the total outstanding demand for the specified assessment...

Subsidiary of Adroit Infotech Wins INR 23.0 Million Order for SAP BRIM Managed Services VERSO ALTIMA INDIA PVT LIMITED, a subsidiary of Adroit Infotech Limited, secured a significant order worth INR 23.0 Million from PT SUPRA PRIMATAMA NUSANTARA. The contract, for SAP BRIM - MANAGED SERVICES, was officially issued on 28 April 2026.The awarded project involves providing comprehensive functional and technical support for the SAP - BRIM application, along with extensive onsite and off-shore support, spanning a period of one year.The details of the major service contract are summarized below:DetailDescriptionAwarding EntityPT SUPRA PRIMATAMA NUSANTARAProject ScopeSAP BRIM - MANAGED SERVICESNature of ServiceFunctional and...

VIP Industries Limited Approves Grant of 1,20,000 ESARs Under Employee Stock Appreciation Plan VIP Industries Limited announced that its Nomination and Remuneration Committee approved the grant of Employee Stock Appreciation Rights (ESARs) on April 27, 2026. The grant falls under the company’s existing VIP Employees Stock Appreciation Rights Plan 2018.The company confirmed that the approved ESARs are designated for eligible employees of the company or its subsidiary. The total number of ESARs approved for this tranche was 1,20,000.The ESAR scheme is structured according to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations 2021. The details pertaining to the grant, including the total shares covered and the...

Wanbury Limited Patalganga Site Achieves Zero Observation in Korea FDA Regulatory Inspection Wanbury Limited announced the successful completion of its Patalganga site by the Ministry of Food and Drug Safety (MFDS), which functions as the Korea FDA regulatory body. The inspection, conducted over three days from April 7, 2026, to April 9, 2026, resulted in zero observations, confirming compliance with cGMP standards according to international rules.The successful MFDS inspection marks a significant regulatory milestone for the company.Wanbury Limited confirmed that its operational infrastructure remains robust and globally compliant. Both the API manufacturing sites—Patalganga and Tanuku—continue to be compliant with cGMP Rules and...

Sarla Performance Fibers Sets Record Date and AGM Schedule Sarla Performance Fibers Limited announced the key dates determined by its Board of Directors for determining shareholder eligibility for its Annual General Meeting (AGM) and potential dividend declaration.The company fixed the Record Date and the date of the Annual General Meeting (AGM) for the financial year ending March 31, 2026.The details provided by Sarla Performance Fibers Limited are summarized below:ParticularsDetailsRecord Date / Cut-off DateWednesday, July 22, 2026PurposeDetermining the eligibility of members holding equity shares to receive the Final Dividend, if declared, for the Financial Year ended March 31, 2026, and determining eligibility for...

Go Digit General Insurance Reports Strong Growth in Q4 PBT; FY 2026 Profit Jumps Significantly Go Digit General Insurance Limited has announced its financial performance review for the quarter and financial year ended March 31, 2026, showcasing substantial growth across key profit metrics. The company reported that its Profit Before Tax (PBT) for the fourth quarter (Q4) of FY 2026 jumped by 49%, while the full fiscal year (FY) 2026 PBT also showed notable increases.The company released the investor presentation detailing its performance for the period ending March 31, 2026.Key Financial Performance Metrics The financial results highlight robust growth in the insurance premium base and profitability for the fiscal year 2026 compared...

SEBI Slaps Rs 4 Lakh Penalty on Goodwill Wealth Management for Critical Compliance & Record Keeping Failures The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 4,00,000/- on Goodwill Wealth Management Private Limited (GMWPL). The Adjudication Order, passed on April 28, 2026, highlights significant deficiencies in the firm's compliance processes, particularly concerning client order authorization and grievance redressal.The ruling underscores SEBI’s continuous vigilance over market intermediaries, emphasizing that regulatory adherence is non-negotiable, even when lapses are attributed to technical or procedural issues.Key Lapses Exposed in Thematic Inspection The action stems from a thematic inspection...

SEBI Imposes Penalty on AMFL Over NCDs Amid ‘Deemed Public Issue’ Compliance Breach The Securities and Exchange Board of India (SEBI) has issued a significant adjudication order against Asirvad Micro Finance Limited (AMFL). The regulator imposed a monetary penalty on AMFL for alleged violations regarding the issuance of Non-Convertible Debentures (NCDs) that were initially conducted as a private placement but were deemed to constitute a public issue.The order, dated April 28, 2026, underscores SEBI’s stringent stance on market integrity, particularly concerning the classification of security offerings.SEBI Flags Major Compliance Lapse in NCD Issuance The scrutiny focused on AMFL’s initial issuance of NCDs, bearing ISIN -...

Agarwal Float Glass India Limited Withdraws Proposed Rights Issue Due to Market Conditions Agarwal Float Glass India Limited (formerly Agarwal Float Glass India Private Limited) has announced the withdrawal of its proposed Rights Issue. The company stated that the decision was taken due to prevailing market conditions and other external factors impacting capital market sentiment.The company had previously received the necessary internal approvals to move forward with the rights issue. The Board of Directors had accorded approval for the proposed rights issue during a meeting held on February 3, 2025.The proposed issue involved equity shares of ₹10/- each, aggregating up to ₹15 Crores. The in-principle approval for the issue was...

Nectar Lifesciences Extends Deadline for Slump Sale of Empty Hard Gelatin Capsule Business Nectar Lifesciences Limited has announced an extension regarding the transfer of its Empty Hard Gelatin Capsule business. The company confirmed that the expected completion date for the slump sale has been mutually extended with the purchaser, Capnest Health Care Private Limited.The transaction involves Nectar Lifesciences Limited transferring the Empty Hard Gelatin Capsule business to Capnest Health Care Private Limited on a slump sale basis.Nectar Lifesciences Limited and Capnest Health Care Private Limited have mutually agreed to extend the expected completion date of this slump sale to on or before July 31, 2026.The company previously...

Udayshivakumar Infra Limited Board Approves Revised Materiality Policy for Disclosures Udayshivakumar Infra Limited announced that its Board of Directors convened a meeting on April 28, 2026. During this meeting, the Board approved a revised Policy on Determination of Materiality for Disclosure of Events or Information.The Board meeting was held on Tuesday, April 28, 2026. The revised policy is set to be effective starting April 28, 2026. The company confirmed that the updated policy would be made available on its official website.USK Stock Price Movement Today, Udayshivakumar Infra Limited shares edged higher, finishing at ₹24.13 after gaining 0.75% in post-market trading. The stock activity saw solid support with a total traded...

Fine Organic Industries Limited Receives Income Tax Assessment Order for Assessment Year 2016-17 Fine Organic Industries Limited has reported receiving an income-tax assessment order from the Assessment Unit, Income Tax Department. The order relates to the Company's tax obligations and concerns proceedings under Section 271(1) (c) of the Income Tax Act, 1961.The Company noted that the Assessment Order was received on March 10, 2026. While the initial communication referenced the Assessment Year 2022-2023, the details provided regarding the violation specify the Assessment Year 2016-17.A total demand of Rs. 56,05,773/- was raised under the order.The Company confirmed that it has filed an appeal against the order. Furthermore, the...

Ratnaveer Precision Engineering Limited Plans Capital Increase and Rs 330 Crore Fundraise Ratnaveer Precision Engineering Limited, formerly known as Ratnaveer Metals Limited, announced key resolutions passed by its Board of Directors on April 28, 2026. The board meeting considered significant updates regarding the company’s capital structure, plans for fundraising, and governance appointments.The board approved an increase in the Authorized Share Capital, shifting it from the existing Rs. 85,00,00,000 (Rupees Eighty Five Crores only) to Rs. 113,00,00,000 (Rupees One Hundred Thirteen Crore only). This also involves a consequent alteration of the capital clause V of the company's Memorandum of Association, subject to the approval of the...

Mizoram Co-operative Apex Bank Elevated: Key Inclusion in RBI Act Signals Major Regulatory Milestone The banking sector landscape saw a significant regulatory development on April 28, 2026. Mizoram Co-operative Apex Bank Ltd. has been formally included in the Second Schedule to the Reserve Bank of India Act, 1934. This official move by the Reserve Bank of India (RBI) marks a major milestone in the institutional recognition of the cooperative bank.The inclusion was formalized via a specific notification, boosting the bank's operational status under the premier central banking legislation. This regulatory nod underscores the bank's standing within the broader financial architecture.Regulatory Confirmation of Mizoram Co-operative Apex...

Can Fin Homes Limited Receives ESG Rating of 63 from ESG Risk Assessments and Insights Can Fin Homes Limited has announced that it has received an updated Environmental, Social, and Governance (ESG) rating from ESG Risk Assessments and Insights Limited, an ESG Rating Provider. The updated assessment assigns a rating of 63 to the company.The rating was communicated via email on April 27, 2026, as part of the provider's annual ESG assessment process.The company previously held an ESG Rating of 60, with the last review date recorded as September 12, 2025.ESG Risk Assessments and Insights Limited notes that these ratings are assigned to the company on a voluntary basis, utilizing information available in the public domain.For...

Sanofi Consumer Healthcare Approves Unaudited Financial Results for Quarter Ended March 31, 2026 Sanofi Consumer Healthcare India Limited announced that its Board of Directors, at a meeting held on Tuesday, April 28, 2026, considered and approved the Unaudited Financial Results for the quarter ended March 31, 2026.The financial results provide a detailed view of the company's performance across several key metrics.Financial Performance Highlights The company’s financial statements show the total income for the quarter ending March 31, 2026, stood at 2,348. Total expenses were reported at 1,441, leading to a profit for the period of 678.The comprehensive financial performance across the specified periods is presented below...

SEBI Grants Six-Month Extension to Debenture Trustees to Streamline Non-Regulated Activities In a significant move aimed at enhancing industry compliance, SEBI has officially granted an additional six-month extension to Debenture Trustees (DTs). The directive concerns the implementation of new terms and conditions governing the activities of DTs that fall outside the direct purview of SEBI regulations.The circular, issued on April 28, 2026, acknowledges the operational complexities faced by the sector. This extension provides the registered debenture trustees with necessary breathing room to establish robust systems and processes.Background of Regulatory Amendments The current framework stems from amendments to the SEBI (Debenture...

Deepak Builders and Engineers Ltd Approves Equity Split and Increase in Authorized Share Capital Deepak Builders and Engineers India Ltd announced that its Board of Directors held a meeting on Tuesday, April 28, 2026, and approved major changes related to the company's share structure. The meeting, which took place via Video Conferencing, commenced at 3:45 P.M. and concluded at 4:30 P.M.The Board approved two key corporate actions, both of which are subject to the final approval of the company's shareholders via Postal Ballot.Firstly, the Board approved the sub-division or split of the company's existing equity shares. Under this proposal, one (1) existing equity share, which currently has a face value of Rs. 10/- (Rupees Ten only)...