Markets

Matrimony.com Limited Receives GST Orders, Initiates Appeal Process Matrimony.com Limited announced it has received various orders from the GST Department in Tamil Nadu, Kerala, Maharashtra, and Karnataka. These orders relate to penalties, tax payment demands, and interest charges stemming from Section 74 of the Central Goods & Services Tax Act 2017.The total penalty amount is Rs. 10,23,91,715, with a tax demand of Rs. 10,23,30,261 and interest of Rs. 9,13,17,069 in Tamil Nadu. An additional Rs. 51,52,331 was levied in Kerala.The orders pertain to periods between April 2019 and March 2023. The company is currently evaluating options to resolve the matter, including filing an appeal against the orders. Matrimony.com Limited believes...

V.S.T. Tillers Tractors Limited Receives Reduced GST Demand V.S.T. Tillers Tractors Limited announced that it has received a final assessment order from the Assistant Commissioner (GST), Tamil Nadu, related to a demand pertaining to the financial years 2017-18 to 2019-20. The initial demand of ₹ 6,736.73 lakhs has been reduced to ₹ 37.30 lakhs following the company’s submissions and representations. The order was issued on March 28, 2026. The company anticipates no significant financial impact beyond the payment of the final demand of ₹ 37.30 lakhs.Source:

TPI India Ltd. Reschedules Board Meeting to Finalize Rights Issue Details TPI India Ltd. announced a rescheduled board meeting to be held on Tuesday, April 7, 2026, at the company's registered office. The meeting is to address and finalize the terms and conditions related to a previously authorized rights issue.On January 23, 2026, the Board of Directors authorized a rights issue of fully paid-up Equity Shares for an amount up to ¥16 Crores. The Draft Letter of Offer was also approved during this meeting. The meeting was postponed pending in-principle approval from the Bombay Stock Exchange (BSE), which was received on April 1, 2026.Key aspects to be considered during the upcoming meeting include the issue price, rights entitlement...

Ashapura Logistics Limited Invests in Synergy Cargo Logistics Private Limited Ashapura Logistics Limited announced an investment in Synergy Cargo Logistics Private Limited (“Synergy Cargo”) on April 2, 2026. The Board of Directors approved the investment, which will be made through the subscription of Optionally Convertible Debentures and Equity Shares.Under the agreements, Ashapura Logistics Limited will invest an aggregate amount comprising Optionally Convertible Debentures and equity shares of Synergy Cargo. The investment aims to support Synergy Cargo's working capital requirements, operational expansion, and long-term growth. The agreements also contemplate governance rights, strategic cooperation, and future...

Oberoi Realty Limited Announces Departure of Executive Vice President Oberoi Realty Limited announced the departure of Mr. Selvaraj Ramasamy, Executive Vice President - Construction, effective April 2, 2026. The change is in accordance with the company's retirement policy.Mr. Ramasamy's departure was confirmed following the closure of business hours on April 2, 2026.Further details regarding the change are provided in an annexed document.Sr. No.ParticularsDetails1Reason for change viz. appointment, re- appointment, resignation, removal, death or otherwiseRetirement2Date of appointment/ re-appointment/ cessation (as applicable) & term of appointment/ re-appointmentApril 2, 20263Brief profile (in case of appointment)Not...

Electro Force (India) Limited Announces Resignation of Independent Director Electro Force (India) Limited announced that Mr. Krishnakumar Laxman Bangera has resigned from his position as an Independent Director, effective April 1, 2026. Mr. Bangera’s resignation also extends to his roles within various committees of the company. The resignation is attributed to pre-occupation in other professional assignments and an inability to devote sufficient time to company matters.The Board of Directors convened a meeting on April 2, 2026, commencing at 5:00 PM and concluding at 6:30 PM, to address the matter.Director InformationDetailsInformationDirector NameMr. Krishnakumar Laxman Bangera (DIN: 02082675)Reason for...

Rama Steel Tubes Limited Reports Sales Volume Performance for 12MFY26 and Q4FY26 New Delhi, April 02, 2026: Rama Steel Tubes Limited, a leading branded structural steel tube company, announced its sales volume performance for the 12-month fiscal year ending FY26 (12MFY26) and the fourth quarter of FY26 (Q4FY26).The company reported a sales volume of 43,178.42 Ton in Q4FY26, compared to 55,256.30 Ton in Q4FY25. For the full fiscal year, 12MFY26, Rama Steel Tubes Limited reported a sales volume of 215,114.20 Ton, an increase compared to 195,212.53 Ton in 12MFY25. This represents a 10.20% year-over-year increase in volume for 12MFY26.Sales Volume PerformanceMetric12MFY2612MFY25Sales Volume (Ton)215,114.20195,212.53Volume...

Lead Reclaim and Rubber Products Limited Board Approves Fundraising of Up to Rs. 45 Crores Lead Reclaim and Rubber Products Limited announced on April 2, 2026, that its Board of Directors has approved a proposal to raise funds through a preferential issue of securities. The fundraising initiative, which may include equity shares and/or convertible warrants, aims to secure up to Rs. 45 Crores.The Board meeting commenced at 6:00 p.m. and concluded at 6:20 p.m. The decision follows an evaluation of various funding options.Source:

Virtuoso Optoelectronics Ltd. Applies for Migration to Mainboard Markets Virtuoso Optoelectronics Limited has submitted an application to the BSE Limited and National Stock Exchange for migration of its securities from the BSE SME platform to the BSE and NSE Mainboard. The application was disclosed on April 2, 2026.The company, whose scrip code on the BSE is 543597, is headquartered at 7 MIDC Area, Satpur, Trimbak Road, Nashik 422007.Source:

Marico Completes Acquisition of 75% Stake in Skinetiq Marico Limited announced the completion of its acquisition of a 75% stake in Skinetiq Joint Stock Company on April 2, 2026. Skinetiq, a Vietnam-based company, owns the digital-first skincare brand Candid and holds exclusive distribution rights in Vietnam for the Murad brand.The acquisition was pursued through Marico South East Asia Corporation ('MSEA'), a wholly owned subsidiary of Marico Limited. Following the completion of the transaction, Skinetiq has become a subsidiary of MSEA and subsequently a subsidiary of Marico Limited.Source:

Matrix Geo Solutions Limited Receives INR 5.14 Crore Order for Narmada Parikrama Survey Matrix Geo Solutions Limited announced it has received a Letter of Acceptance from the Madhya Pradesh State Electronics Development Corporation Limited (MPSEDC) for a Narmada Parikrama Survey. The project, valued at INR 5,14,16,000, will utilize drones, aircraft, and helicopters to conduct the survey along the Narmada River corridor.The survey, commissioned by MPSEDC, a technology agency of the Madhya Pradesh government, will be executed over a period of six months. This mandate highlights the increasing use of drone-based geospatial technology in state-level governance and planning programs. The Narmada River, which flows through Madhya Pradesh...

Compucom Software Ltd. Receives Order Under Income Tax Act Jaipur, April 2, 2026 – Compucom Software Limited announced today that it has received an order under Section 263 of the Income Tax Act, 1961, from the Income Tax Department, Office of the Principal Commissioner of Income Tax PCIT, Jaipur-2.The order pertains to the assessment year 2022-23. According to the communication, the assessing officer initially accepted claims related to substantial repair expenses, employees' contribution to PF/ESI, and deduction under section 80IA without independent verification. The revision under Section 263 of the Act may result in disallowances totaling ₹85,68,190 for building repair expenses, ₹6,19,103 for employees' contribution to PF/ESI...

Mamata Machinery Limited Receives EEPC India "Star Performer" Award Ahmedabad, India – April 2, 2026 – Mamata Machinery Limited, a leading provider of machinery solutions for the flexible packaging industry, has been awarded the prestigious "Star Performer" award for the year 2023-24 by EEPC India (formerly Engineering Export Promotion Council).The award recognizes Mamata's export achievements in the Medium Enterprise category within the "Heavy Industries - Industrial Machinery for Paper, Cement, Chemicals, and Textiles" sector. The company will be formally recognized with the award in May 2026.This marks another recognition from EEPC India for Mamata Machinery, building upon a history of awards since 1995 and demonstrating the...

Star Health Reaffirms Issuer and Subordinate Debt Ratings Chennai – April 2, 2026 – Star Health and Allied Insurance Company Ltd. announced today that Care Ratings Limited has reaffirmed its existing ratings. The company's issuer rating remains AA+ Stable, while the subordinate debt rating is AA Stable.This reaffirmation reflects the company's financial health and stability, according to Care Ratings Limited.Source:

Electronics Mart India Limited Opens New ‘BAJAJ ELECTRONICS’ Store in Andhra Pradesh Electronics Mart India Limited has commenced commercial operations for a new Multi Brand Store operating under the ‘BAJAJ ELECTRONICS’ brand. The store opened on April 2, 2026, in Ramamurthy Peta, Kavali, Andhra Pradesh.The new store, located at 11-1-31B, Ground, First & second Floor, Survey No. 1923/1-2B, Trunk Road, Ramamurthy Peta, Kavali, Andhra Pradesh-524201, spans an area of 5,400 square feet.Rajiv Kumar, Company Secretary and Compliance Officer for Electronics Mart India Limited, announced the opening from Hyderabad.Source:

Sundaram Finance Limited Announces Exercise of Employee Stock Options Sundaram Finance Limited reported the exercise of stock options granted in 2021 and 2022 under the Sundaram Finance Employee Stock Option Scheme - 2008 (SFESOS). The exercise occurred on April 2nd, 2026.According to the company, one option holder exercised 400 options granted on May 28th, 2021, and another option holder exercised 100 options granted on May 25th, 2022.The equity shares resulting from the exercised options have been transferred from the Sundaram Finance Employees Welfare Trust to the demat accounts of the respective option holders.Grant1314Date of Grant28.05.202125.05.2022Exercise Date2 nd April 20262 nd April 2026No. of Option...

Swastika Investmart Resolves Income Tax Dispute, Demand Reduced to Nil Swastika Investmart Limited announced that it has received an order from the Income Tax Appellate Tribunal (ITAT) in Mumbai, significantly resolving a dispute related to fiscal year 2014-15. The order, ITA No. 6214/MUM/2025 dated March 12, 2026, pertains to an assessment under Sections 143(3) and 156 of the Income Tax Act, 1961.The ITAT order reduces the tax demand under Section 143(3) to Nil. The company previously disclosed in August 2023 that an appeal was pending before the Commissioner of Income-tax (Appeals) concerning the original demand of Rs. 78.15 lakhs.While the dispute regarding the Section 143(3) assessment has been resolved, proceedings related to a...

Punjab National Bank Announces Provisional Business Figures for Fiscal Year 2026 Punjab National Bank released provisional business figures for the period ended March 31, 2026, indicating growth across key areas. The figures, submitted to the Bombay Stock Exchange, reveal a 10.79% growth in Global Business, reaching ₹28,45,220 crore. Domestic Business also experienced a notable increase of 10.39%, amounting to ₹28,45,220 crore.The bank’s Global Deposits grew by 9.25% to ₹17,11,476 crore, while Domestic Deposits increased by 9.14% to ₹16,49,409 crore. Global Advances showed a stronger growth rate of 12.97%, reaching ₹12,61,420 crore. Domestic Advances increased by 12.17%, reaching ₹11,95,811 crore.Here's a summary of the key...

Meta Infotech Ltd. Secures Renewal Order Worth Rs. 21.43 Crores Meta Infotech Ltd. announced it has received a renewal order from a large private sector bank in India. The order, valued at Rs. 21,43,20,000, excluding GST, is for license subscription related to mobile application security.The contract period spans from September 1, 2025, to August 31, 2026. The order is for a license subscription for mobile application security. Execution of the order is expected to be completed within seven days.According to information provided, neither the Promoter, Promoter Group, nor any group companies have an interest in the bank that awarded the order. The order does not constitute a related party transaction.DetailInformationEntity...

REC Limited Appoints Rajesh Kumar as Director (Finance) REC Limited announced the appointment of Rajesh Kumar as Director (Finance), effective April 2, 2026. The appointment was conveyed by the Ministry of Power, Government of India, through Office Order No. F. No. 2746/ S!202S·REC DESK.Rajesh Kumar, previously Executive Director (Finance) at REC Limited, has been appointed for a period of five years or until further orders, whichever occurs first. His appointment supersedes the additional charge held by Jitendra Srivastava, the current Managing Director, who relinquished the role on April 2, 2026.Rajesh Kumar holds a Bachelor’s degree in Commerce from Shri Ram College of Commerce, Delhi University, and is a Chartered Accountant...