Markets

Tata Steel Limited Completes Acquisition of 26% Stake in TP Adarsh Limited Tata Steel Limited announced the completion of its acquisition of a 26% equity stake in TP Adarsh Limited (TPAL), a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL). The transaction was finalized on April 21, 2026.The acquisition followed the previous approval by the company's Board of Directors to infuse capital into TPAL and execute a Share Purchase and Shareholders' Agreement (SPSA) to acquire the specified stake.Tata Steel Limited executed the Share Subscription and Shareholders' Agreement (SSSA) with TPREL and TPAL to finalize the purchase. Through this transaction, Tata Steel acquired 59,00,000 equity shares of TPAL.The details...

Aveer Foods Ltd Receives BSE Listing Approval for 226,087 Equity Shares Aveer Foods Ltd has received listing approval for 226,087 equity shares from the Bombay Stock Exchange (BSE) Limited. The approval pertains to shares issued to a promoter group member on a preferential basis following the conversion of warrants.The BSE granted the listing approval in a letter dated April 21, 2026. The shares are issued to Mr. Vishal Rajkumar Chordia, who belongs to the promoter group.The approved shares carry the following details:DetailValueNumber of Equity Shares226,087Face Value Per ShareRs. 10/-Premium PaidRs. 565Distinctive Numbers Range4264340 to 4490426Issue BasisPreferential basis pursuant to conversion of warrants...

Tata Elxsi Allots 381 Equity Shares Following Exercise of Performance Stock Options Tata Elxsi Ltd announced that its Board of Directors allotted 381 equity shares on April 21, 2026. The allotment resulted from the exercise of performance stock options by eligible employees under the 'Tata Elxsi Limited Performance Stock Option Plan 2023'.Following this corporate action, the company's paid-up equity share capital was updated. The allotment saw the paid-up capital increase, changing the shareholding structure from previously recorded figures to new totals.The change in the company's paid-up equity capital details are presented below:DescriptionOld Capital DetailsNew Capital DetailsPaid-up Equity Share CapitalRs...

SRF Limited Wins Appeal, Quashing CGST Demand of Rs. 36,85,987 SRF Limited has successfully challenged a previous tax penalty, securing a favorable appellate order from the CESTAT, Delhi. The ruling states that the demand initially imposed cannot be sustained against the company, effectively allowing the appeal and quashing the earlier order.The matter relates to a penalty of Rs. 36,85,987 that had been imposed by the office of the Assistant Commissioner, CGST & Cex, Division -II, Gwalior, Madhya Pradesh.Following the imposition of the penalty, SRF Limited filed an appeal before the CESTAT, Delhi. The company announced that it has received a favorable appellate order from the tribunal. This ruling indicates that the demand levied by...

CARE Ratings Reaffirms 'AAA' Grade Issuer and Debt Rating for Digital Fibre Infrastructure Trust CARE Ratings Limited has reaffirmed the credit ratings for the Digital Fibre Infrastructure Trust (Trust). The agency maintained the rating for both the Trust's general issuer status and its long-term debt instrument.The reaffirmation of the Issuer Rating has assigned the Trust a rating of 'CARE AAA; Stable'.Furthermore, the rating agency reviewed and reaffirmed the rating for the Trust's long-term debt issue. The review covered a debt limit of ₹32,726 crore, maintaining the rating at 'CARE AAA; Stable'.The details of the reaffirmed ratings are presented below:Type of RatingInstrumentAmountRatingActionIssuer ratingTrustN/ACARE...

State Bank of India Announces Promotions of Eight Officials to Deputy Managing Directors State Bank of India announced the promotion of eight senior officials to the role of Deputy Managing Director (DMD). The promotions are effective from April 21, 2026.The bank named the following individuals who have been promoted to Deputy Managing Directors.Sl. No.Name1Amit Verma2Debasish Mishra3Dipak Kumar De4Niraj Kumar Panda5Ratna Teja Dinakara Akella6Sahadevan Radhakrishnan7Sukhvinder Kaur Ganesh8Varinder KhannaSBIN Stock Price Movement Today, State Bank of India shares edged higher to close at ₹1111.85, gaining 0.35% in post-market trading. The stock traded a total of 16.96 million shares, finding support...

Machhar Industries Ltd Board Meeting Scheduled to Approve Financial Results for March Quarter Machhar Industries Ltd announced that its Board of Directors is scheduled to meet on Saturday, May 23, 2026. The meeting is set to commence at 12:30 pm, with the primary agenda focused on approving, considering, and adopting the company's financial results.During the board meeting, the company plans to publish the Standalone and Consolidated Audited Quarterly and yearly Financial Results for the quarter and yearly period ended on March 31, 2026, alongside discussing other regular business matters.The company's operations span multiple locations, including facilities in Gujarat and Uttar Pradesh.Location TypeAddress DetailsContact...

Lodha Developers Ltd Board to Review Financial Results and Recommend Dividend on April 24, 2026 Lodha Developers Ltd, previously known as Macrotech Developers Limited, announced that its Board of Directors will convene on Friday, April 24, 2026. The meeting is scheduled to address key financial outcomes for the company.The primary agenda items for the Board include the consideration and approval of the Audited Financial Results for the quarter and the full financial year ended March 31, 2026.Additionally, the Board is scheduled to review the recommendation of a dividend, if any, on the equity shares for the financial year ended March 31, 2026.LODHA Stock Price Movement Today, Lodha Developers Limited shares gained 2.21% to close...

Asian Hotels (North) Ltd Confirms Resignation of Vice President Vipin Vasudeva Asian Hotels (North) Ltd has confirmed the resignation of senior management personnel, Vipin Vasudeva, who served as Vice President - Projects. The departure follows a period of transition and mutual agreement to manage the handover of responsibilities.Mr. Vipin Vasudeva submitted his resignation notice on December 10, 2025. In his letter, he stated that the reason for his departure was critical health issues, advising him to relocate to his family for necessary care. Initially, he submitted notice seeking to leave by January 2026.Following discussions with the company management, Mr. Vasudeva mutually agreed to extend his notice period, with his last...

Nirmitee Robotics Appoints M/s Avinash Gandhewar & Associates as Secretarial Auditor Nirmitee Robotics India Ltd announced that its Board of Directors, during a meeting held on April 21, 2026, approved the appointment of a new Secretarial Auditor. The company appointed M/s Avinash Gandhewar & Associates, which are Practicing Company Secretaries and a Peer Reviewed Firm with Membership No. FCS 11197.The appointed firm will serve as the Secretarial Auditor for the company for the financial year spanning from April 1, 2025, until March 31, 2026.The company provided details regarding the newly appointed firm, highlighting its expertise and scope of work.M/s Avinash Gandhewar & Associates' profile indicates a specialized experience in...

AYM Syntex Limited Receives Order from CGST Authorities Regarding ITC and Penalty AYM Syntex Limited has announced the receipt of a formal communication from a regulatory authority concerning the recovery of input tax credit (ITC) and associated penalties. The order was received by the company on April 21, 2026, from the Assistant Commissioner, CGST & Central Excise, Division-VIII, Daman Commissionerate.The communication, identified as Order-In-Original No.: DMN/EXCUS/PKP-AC/VII1/01/2026-27, covers the financial year 2020-21. The demand centers on the input tax credit claimed by the company under the provisions of the GST law.Financial Demands and Implications The order dictates a demand to recover interest at an applicable rate on...

Rapid Investments Ltd Clarifies Price Movements, Reports No KMP Transactions Rapid Investments Ltd provided a clarification to the Bombay Stock Exchange Ltd (BSE) on April 21, 2026, addressing concerns regarding significant movement in the company's share price. The company reiterated its commitment to informing the exchange about internal developments.In the clarification, Rapid Investments Ltd stated that it had previously informed the BSE regarding the un-audited financial results for the quarter ended December 31, 2025. These results were disclosed to the BSE on February 12, 2026.Addressing the recent significant price fluctuations, the company confirmed that neither the promoters, nor their relatives, nor the Key Managerial...

S. P. Apparels Limited Invests in Subsidiary SPUK for European Market Expansion S. P. Apparels Limited announced on April 21, 2026, that it has invested an amount of Rs. 6,31,52,500 as equity into S.P Apparels UK P Limited (SPUK), a wholly owned subsidiary of the company.The investment was made with the goal of strengthening the capital base of SPUK and supporting ongoing business expansion within the UK and European markets. The funds are slated for use in meeting working capital requirements, enhancing operational capabilities, and expanding market presence.The company confirmed that the total investment was made through a cash consideration, valued at GBP 5,00,000, which is equivalent to INR 6,31,52,500. Through this transaction...

Adani Ports and Special Economic Zone Announces Effective Date of Amalgamation with Adani Harbour Services Adani Ports and Special Economic Zone Limited announced that the Scheme of Amalgamation involving its wholly owned subsidiary, Adani Harbour Services Limited, has an effective date of April 21, 2026.The amalgamation proceeds the merger of Adani Harbour Services Limited (AHSL) with Adani Ports and Special Economic Zone Limited. This transaction was executed under Sections 230 to 232 of the Companies Act, 2013.In connection with the scheme, the company and AHSL confirmed that they have filed a certified copy of the NCLT order sanctioning the Scheme with the Registrar of Companies, Gujarat. This filing confirmed the official...

Amber Enterprises Strengthens Stake in Subsidiary Following Rs. 296.02 Crore Rights Issue Investment Amber Enterprises India Ltd. announced the completion of the rights issue allotment by IL JIN Electronics (India) Private Limited, a material subsidiary of the company. The transaction saw Amber Enterprises significantly enhance its equity stake in IL JIN.The allotment, which was completed on April 21, 2026, enabled Amber Enterprises India Limited to subscribe to and be allotted 12,46,430 equity shares. This subscription represents an additional equity stake in IL JIN, resulting in an investment of Rs. 296.02 Crore.The increased investment bolsters Amber Enterprises' holding in its subsidiary. The change in shareholding is detailed...

Cholamandalam Investment and Finance Company Ltd Board Meeting to Consider Final Dividend for FY 2025-2026 Cholamandalam Investment and Finance Company Ltd informed stakeholders about an upcoming meeting of its Board of Directors. The Board meeting is scheduled for Thursday, April 30, 2026.During this meeting, the directors will consider the recommendation of a final dividend on the outstanding equity shares of the Company. This dividend pertains to the financial year ended March 31, 2026, and its final sanction remains subject to the approval of the shareholders.CHOLAFIN Stock Price Movement Today, Cholamandalam Investment and Finance Company Limited shares gained 1.35%, settling at ₹1589.2. The stock saw notable activity in the...

Geetanjali Credit and Capital Ltd Appoints New Managing Director and Additional Director; Former MD Passes Away Geetanjali Credit and Capital Ltd reported significant changes in its board structure following a board meeting held on April 21, 2026. The company announced the appointment of a new Managing Director and an Additional Non-Executive Director, alongside confirming the passing of its former Managing Director.During the meeting, the company formalized the appointment of Mr. Dharmendra Hasmukhbhai Vyas as the Managing Director. His appointment is effective from April 21, 2026, filling a casual vacancy for the post.The company also appointed Ms. Kamlaben Salvi as an Additional Director for the Non-Executive Category, effective...

Rajratan Global Wire Ltd Announces Financial Results and Recommends Dividend Rajratan Global Wire Ltd released its financial results for the quarter and year ended March 31, 2026, following the Board of Directors meeting held on April 21, 2026. The company also announced a recommendation of a final dividend for the financial year 2025-26.The company disclosed both standalone and consolidated financial results for the quarter and year ended March 31, 2026. The audited statements provided a true and fair view of the financial position.Financial Performance Highlights The consolidated financial data for the year ended March 31, 2026, show a significant total revenue of 1,16,227 Lakhs. The year's total expenses were reported at 85,957...

IDream Film Infrastructure Company Receives Warning Letter from BSE Over Name Change Delay IDream Film Infrastructure Company Limited, formerly known as Softbpo Global Services Limited, has been issued a warning letter by the BSE Limited concerning the delay in filing its name change application.The company issued the report on April 21, 2026. The warning relates specifically to the process of changing the company's name from SoftBPO Global Services Limited to IDream Film Infrastructure Company Limited.The BSE observed a considerable delay regarding the name change application. The company had submitted its name change application seeking exchange approval on April 13, 2026. For context, the company had originally received ROC...

Regency Fincorp Ltd to Hold Board Meeting on April 24 to Approve NCD Issuance Regency Fincorp Limited, formerly known as Regency Investments Limited, has scheduled its Board of Directors meeting for Friday, April 24, 2026. The meeting is set to consider and approve key corporate actions related to the issuance of non-convertible debentures.The board meeting agenda includes two primary items of discussion.The company plans to address the following key matters:Issuance of Non-Convertible Debentures: Consideration and approval for the issue of listed, rated, secured, or redeemable non-convertible debentures through a private placement basis to both residents and non-residents. Debenture Trustee Appointment: The appointment of a...