Markets

Vikran Engineering Limited Wins ₹ 530.80 Crore Orders from MSEDCL Mumbai, April 3, 2026: Vikran Engineering Limited (VEL) announced today it has received two Letters of Award (LoA) aggregating to ₹ 530.80 Crore (excluding GST) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for the Development of Distribution Infrastructure & System Strengthening works across Nashik Zone and Kolhapur Zone in Maharashtra. The projects are part of the Power Distribution Enhancement Program funded by the Asian Development Bank (ADB), awarded through National Competitive Bidding.The Nashik Zone contract is valued at ₹ 235.63 Crore and the Kolhapur Zone contract at ₹ 295.17 Crore, both excluding GST. The work entails execution on a...

Durlax Top Surface Limited Announces CFO Resignation Durlax Top Surface Limited announced the resignation of Ms. Kalpana Mogal Nikam, the company’s Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective May 2, 2026. The resignation is due to personal reasons.The company expressed appreciation for Ms. Nikam’s contributions during her tenure. Durlax Top Surface Limited is currently in the process of appointing a successor for the CFO & KMP position, with further details to be provided in due course.Ms. Kalpana Mogal Nikam confirmed that there are no material reasons for her resignation beyond those stated.Summary of Resignation Details:ParticularsDetailsNameMs. Kalpana Mogal NikamReason for...

Sobha Ltd. Reports Record Annual Sales in FY2026 Sobha Ltd. concluded fiscal year 2026 on a strong note, achieving its highest-ever annual sales valued at ₹81.36 billion, according to a regulatory update. The company recorded a new sales area of 5.54 million square feet (sft) at an average realization of ₹14,675 per sft, reflecting a 30% growth compared to fiscal year 2025.Despite global uncertainties including trade policy shifts and geopolitical tensions in West Asia, India’s residential real estate sector demonstrated resilience, supported by robust domestic consumption and a stable homebuying environment. India's strong macroeconomic fundamentals were underscored by record GST collections exceeding ₹2 lakh crore in March 2026...

DIC India Ltd. Receives Demand Order for ₹2,81,472 DIC India Limited announced today, April 3, 2026, that it received a demand order from the Superintendent of GST, Range-III Ambattur Division North Chennai. The order, issued under Section 74 (1) & (9) of the CGST/TNGST Act, 2017, totals ₹2,81,472. This includes ₹1,40,736 in tax, ₹1,40,736 in penalty, and applicable interest.The demand is related to an alleged duplicate generation of E-Way Bills during the financial years 2019-20 to 2021-22.According to the company, the demand has no impact on its financial, operational, or other activities beyond the monetary value of the order. DIC India Limited has engaged a consultant to review the order and will determine subsequent actions...

Usha Financial Services Limited Announces CFO Resignation Usha Financial Services Limited announced that Prashant Raghuwanshi has resigned from his position as Chief Financial Officer (CFO), effective April 3, 2026. Raghuwanshi’s resignation is attributed to professional commitments.The company has released details regarding the change, outlining the reason for the resignation and the effective date.Details of CFO DepartureParticularsDetailsReason for ChangeResignation due to professional commitmentsDate of CessationApril 3, 2026Prashant Raghuwanshi confirmed in his resignation letter that there were no material reasons for his departure beyond those previously stated. He expressed appreciation for the support received...

Bajaj Housing Finance Reports Strong Q4 FY26 Performance Bajaj Housing Finance Limited announced provisional financial results for the quarter ended March 31, 2026, demonstrating significant growth across key metrics.Gross disbursements reached approximately ₹17,530 crore in Q4 FY26, a notable increase compared to ₹14,254 crore in Q4 FY25. Assets under management (AUM) surged by 23% to approximately ₹1,40,700 crore as of March 31, 2026, compared to ₹1,14,684 crore on March 31, 2025. AUM experienced a rise of approximately ₹7,290 crore during Q4 FY26.Loan Assets (AR) totaled approximately ₹1,23,740 crore as of March 31, 2026, up from ₹99,513 crore on March 31, 2025.The disclosed information is provisional and subject to review by...

Cell Point (India) Limited Announces Resignation of Chief Financial Officer Cell Point (India) Limited announced that Manikanta BBV, Chief Financial Officer (CFO), has resigned from his position, effective April 2, 2026. BBV is leaving to pursue alternate career opportunities.The company expressed appreciation for BBV's service and commitment and wished him success in his future endeavors. Cell Point (India) Limited will announce the appointment of a new CFO in due course.A table summarizing the details of BBV's resignation is shown below:ParticularsDescriptionReason for changeResignation to pursue alternate career opportunitiesDate of cessationApril 2, 2026Source:

Filatex Fashions Ltd. Board Approves USD 100 Million FCCB Offering, Share Capital Increase Filatex Fashions Ltd. announced on April 3, 2026, that its Board of Directors approved a proposal to raise funds through the issuance of Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount not exceeding USD 100 million, in one or more tranches. The issuance is subject to member approval and receipt of statutory and regulatory approvals. The company has also formed an FCCB Committee to oversee the issuance process.The Board also approved an increase in the Authorized Share Capital of the company from ¥ 8,50,00,00,000 to ¥ 10,00,00,00,000.Additionally, the Board approved a proposal to provide loans, guarantees, security, and/or...

Manali Petrochemicals Receives Industrial Tribunal Award Manali Petrochemicals Limited announced on April 3, 2026, that it received an award from the Industrial Tribunal, Chennai, dated November 25, 2025, concerning an industrial dispute case filed by 12 employees.The dispute involves a wage disagreement related to the fiscal years 2020-21 and 2021-22, stemming from employment-related actions taken by the company in fiscal year 2019-20 concerning the 12 employees.The Tribunal has ordered the company to pay approximately Rs. 1.11 crore in wages and compensation to the employees. Manali Petrochemicals is currently reviewing the award and will pursue legal counsel’s advice regarding appropriate action.According to the company, the...

Neeraj Paper Marketing Ltd. Sells Immovable Property for Rs. 60 Lakhs Neeraj Paper Marketing Ltd. (NPML) announced on April 3, 2026, that it has agreed to sell an immovable property located at 217, Agarwal Prestige Mall, Plot no. 2, Community Center, along Road no. 44, Pitampura, New Delhi - 110034, to Mrs. Leena Gupta D/o Kundan Lal Agarwal. The consideration for the sale is Rs. 60 lakhs.The company stated that the sale is not expected to impact its operations. The property generated rental income of Rs. 2,10,000 per annum, contributing 0.010% to the company's total income. The completion of the sale is expected within 10-15 days.Mrs. Leena Gupta D/o Kundan Lal Agarwal, the buyer, is not affiliated with the company's promoters...

YES BANK Receives Revised ESG Rating from NSE Sustainability YES BANK Limited announced on April 3, 2026, that it has received a revised Environmental, Social, and Governance (ESG) rating of ‘77’ – Leader Category – from NSE Sustainability Ratings & Analytics Ltd (NSE Sustainability) for the fiscal year 2024-25. This revision represents a slight decrease from the previous rating of ‘78’ – Leader Category – assigned in December 2025. The bank’s ESG rating was ‘76’ for the fiscal year 2023-24.NSE Sustainability independently assigned the rating based on publicly available disclosures from YES BANK. The bank has not engaged NSE Sustainability for ESG ratings.Additional information is available on the bank’s website at www.yes.bank.in...

Borosil Restores Production to Normal Capacity Following LPG Supply Resolution Borosil Limited announced on April 3, 2026, that production at its Borosilicate Glass Furnace for Pressware Products and Opal Glass Furnaces in Jaipur, Rajasthan, has been fully restored to normal capacity. This follows a previous disruption reported on March 11, 2026, stemming from restrictions in LPG supply due to a force majeure situation related to the ongoing conflict in the Middle East and its impact on global fuel supplies.The company has secured LPG supplies from Oil Marketing Companies (OMCs), allowing operations to resume. The continuation of operations remains contingent on the availability of sufficient LPG.Borosil expressed appreciation for...

Ad-Manum Finance Ltd. Announces Departure of CEO and Whole-Time Director Ad-Manum Finance Limited announced that Dharmendra Agrawal has resigned from his position as Whole-Time Director & CEO, effective April 3, 2026. Agrawal confirmed that his resignation is for personal reasons.According to a filing, Agrawal also stepped down as Chairman & member of the Corporate Social Responsibility committee.Here’s a summary of the details regarding Agrawal’s departure:S. No.ParticularsDisclosures1Name of DirectorMr. Dharmendra Agrawal (DIN: 08390936)2Reason for changeResignation from the position of Whole-Time Director & CEO, with effect from closure of working hours on April 03, 2026.3Date of appointment/cessationWith effect from...

Emerald Finance Ltd. Partners with Fine Art Scale Models to Offer Early Wage Access Emerald Finance Ltd. announced a partnership with Fine Art Scale Models Pvt. Ltd. on April 3, 2026, to provide an Early-Wage-Access program to the employees of the New Delhi-based company.The program enables employees to access portions of their salaries throughout the month, offering instant financial relief. Emerald Finance Ltd. has been developing a salary advance solution as part of its strategy to expand offerings and serve a broader retail customer base. The product involves offering short-term loans as salary advances, with repayment collected through salary deductions.Source:

Bharti Airtel Limited Receives Penalty Notice from Department of Telecommunications Bharti Airtel Limited announced on April 3, 2026, that it received a notice from the Department of Telecommunications, Uttar Pradesh (East) LSA (DoT), concerning a penalty for alleged violations of subscriber verification norms.The DoT imposed a penalty of Rs. 1,09,000. The notice, received on April 2, 2026, stems from a Customer Application Form Audit (CAF Audit) conducted for January 2026. The audit reportedly revealed violations of the terms and conditions related to subscriber verification under the License Agreement.According to the DoT, Bharti Airtel Limited is obligated to ensure adequate verification of customers before enrollment, adhering...

Omax Autos Limited Restores IT Systems Following Ransomware Attack Omax Autos Limited announced on April 3, 2026, that it has completed the restoration of its IT infrastructure following a ransomware attack. The company had previously disclosed the suspected cyber security incident on March 27, 2026.According to an internal investigation conducted by Omax Autos’ IT team and external cyber security experts, the company’s critical IT systems, applications, and operational functionalities have been fully restored and are operating normally.The investigation confirmed that the attack did not have a material impact on the company’s core systems, operations, or business continuity. Assessments completed to date indicate that no sensitive...

Jai Balaji Industries Limited Receives ESG Rating of 57 for Fiscal Year 2025 Jai Balaji Industries Limited announced today that NSE Sustainability Ratings & Analytics Limited ("NSE Sustainability") has assigned an Environmental, Social, and Governance (ESG) rating of 57 for the fiscal year 2025.The rating reflects the company's performance across environmental, social, and governance parameters, as assessed by the rating agency, based on publicly available information. Jai Balaji Industries Limited clarified that it did not engage NSE Sustainability for this rating or report.Ajay Kumar Tantia, Company Secretary, confirmed the rating.Source:

NOCIL Limited Initiates Trial Batches for Capacity Enhancement Project NOCIL Limited has commenced trial batches at its Dahej facility as part of a previously announced capital expenditure project. The project, approved on March 26, 2024, involves an investment of up to 250 Crore for rubber chemicals capacity enhancement.Following trial runs, samples will be dispatched to customers for approval. The company will provide a separate announcement regarding the commencement of commercial production at a later date.The Bombay Stock Exchange Limited and The National Stock Exchange of India Limited have been notified. NOCIL’s scrip code on the Bombay Stock Exchange is 500730, and the symbol on the National Stock Exchange is NOCIL.Source:

Interworld Digital Ltd. Discloses Loan Defaults Interworld Digital Ltd. (NSE: INTERDIGI, Scrip Code 532072) reported defaults on loan repayments as of March 31, 2026, according to a filing.As of March 31, 2026, the company had outstanding loans and revolving facilities totaling 0.06 INR Crores, with a default amount of 0.06 INR Crores. The company's total financial indebtedness, including short-term and long-term debt, amounted to 1.61 INR Crores.A detailed breakdown of outstanding loans is provided below:ParticularsOutstanding Amount (Principal and Interest) as on 31.03.2026 (Rs. In Crores)Loan against vehicle from Kotak Mahindra Bank0.01Other Short Term Unsecured Loans1.55Outstanding loan1.56Interest and other...

Capital Small Finance Bank Limited to Host Earnings Conference Call Capital Small Finance Bank Limited announced it will hold an earnings conference call with analysts and investors on Wednesday, April 29, 2026, at 4:00 p.m. IST. The conference will discuss the bank’s financial and operational performance for the fourth quarter and fiscal year 2026. Senior management, including Managing Director & CEO Mr. Sarvjit Singh Samra, Executive Director Mr. Munish Jain, and Chief Financial Officer Mr. Aseem Mahajan, will participate. Other participants include Mr. Raghav Aggarwal, Mr. Sahil Vijay, and Ms. Bharti Babutta.Investors can access the conference call using the following dial-in numbers:Access NumbersAccess NumbersPrimary...