Markets

Sumit Woods Limited Acquires 99% Stake in Access Facility Management LLP for Real Estate Expansion Sumit Woods Limited has entered into an agreement to acquire a 99% partnership interest in Access Facility Management LLP (AAH-8525) by way of capital contribution. The investment secures substantial control over the affairs of Access Facility Management LLP, making the entity an affiliate of Sumit Woods Limited.The acquisition enables Sumit Woods Limited to participate directly in building projects and further expands the Company's real estate activities. The strategic goal is generating sustainable returns through the development and monetization of property.In addition to the investment, Access Facility Management LLP is considering...

Hardwyn India Launches ISI-Certified Floor Spring Amid Securing Orders from Institutional Projects Hardwyn India Ltd., a manufacturer of architectural hardware solutions, announced the launch of its ISI-certified Floor Spring, alongside securing multiple purchase orders from prominent institutional and government-backed infrastructure projects across India.The newly launched Floor Spring is designed to provide reliable glass door control, smooth closing action, and certified performance tailored for frameless glass door installations. Developed to meet stringent Indian safety standards, the product is highly suitable for commercial and institutional environments that require durability and consistent performance.Manufactured using...

Dhyaani Tradeventtures Ltd to Hold Board Meeting on April 22, 2026, to Appoint Internal Auditors Dhyaani Tradeventtures Ltd, formerly known as Dhyaani Tile & Marblez Limited, announced that its Board of Directors meeting is scheduled for Wednesday, April 22, 2026. The meeting is set to take place at the company's registered office.The primary purpose of the Board meeting is to conduct critical corporate business, including the review and formal approval of the company's internal auditing structure.The agenda for the meeting includes the following key items:Agenda ItemDescriptionInternal Auditor AppointmentConsideration and approval of the appointment of Internal Auditors for the Financial Year 2026-27.Other...

Bhansali Engineering Polymers to Hold Board Meeting to Review Financial Results and Consider Final Dividend Bhansali Engineering Polymers Ltd. has scheduled a Board Meeting for Friday, April 24, 2026, in Mumbai. The meeting is slated to consider and approve key financial matters for the company.The board's primary agenda includes reviewing the audited financial results for the quarter and the full financial year ending March 31, 2026, in both standalone and consolidated formats. Additionally, the meeting is scheduled to consider the declaration of a Final Dividend.In an operational update, the company announced that the trading window for dealing in its Equity shares by designated persons, immediate relatives, and connected persons...

Adani Green Energy Clarifies US Legal Proceedings, Confirms Company Is Not Party to SEC Case Adani Green Energy Limited provided a major update regarding a civil legal matter concerning its directors, Mr. Gautam Adani and Mr. Sagar Adani, which originated in the United States District Court for the Eastern District of New York (EDNY).The proceedings were initiated by the United States Securities and Exchange Commission (SEC) against the directors. The company issued clarifications stating that Adani Green Energy Limited is not a party to these ongoing proceedings, and no charges have been brought against the corporation itself. Furthermore, the company noted that the directors have not been charged with any violation of the United...

Smartlink Holdings to Hold Board Meeting to Approve Financial Results for FY2026 Smartlink Holdings Ltd has scheduled a meeting of its Board of Directors to review and approve the audited financial performance for the fiscal year ending March 31, 2026.The Board meeting is set for Wednesday, May 13, 2026. The primary agenda for the meeting includes considering and approving the Audited Financial Results (both Standalone and Consolidated) for the quarter and year ended March 31, 2026.In terms of corporate trading protocols, the company confirmed that the trading window for its securities, which was previously closed as part of the company's code of conduct for the Prevention of Insider Trading, was effective from April 01, 2026.The...

Sindhu Trade Links Ltd. Board Meeting Scheduled to Discuss Acquisition in Singapore Sindhu Trade Links Ltd. has announced that its Board of Directors meeting is scheduled for Friday, April 24, 2026, at 04:00 P.M. The meeting will take place at the company's Corporate Office.The primary focus of the board meeting will be to consider and approve a significant Related Party Transaction. This transaction pertains to the acquisition of a controlling interest in Advent Coal Resources Pte. Ltd., based in Singapore. The acquisition is planned to be executed through the allotment of shares of Sindhu Trade Links Ltd. on a preferential basis.The meeting agenda also includes discussions regarding proposed material related party transactions and...

Sheetal Universal Limited Receives In-Principle Approval for Issuance of Convertible Warrants and Equity Shares Sheetal Universal Limited has received in-principle approvals from the National Stock Exchange of India Limited (NSE) concerning the issuance of capital through warrants and equity shares. The approvals relate to the company’s fundraising activities via Preferential Allotment.The company reported that the National Stock Exchange of India Limited granted in-principle approval for the issuance of 14,20,000 Convertible Warrants. This approval was conveyed through Preferential Allotment letters dated April 17, 2026.In a separate communication, the NSE also granted in-principle approval for the issuance of 14,20,000 equity...

Ratnaveer Precision Engineering Ltd to Consider Raising Funds of Up to Rs. 300 Crore Ratnaveer Precision Engineering Limited, formerly known as Ratnaveer Metals Limited, announced that its Board of Directors will meet on Tuesday, April 28, 2026. The primary purpose of the meeting is to consider and approve a substantial proposal to raise funds through the issuance of equity shares or any other eligible securities.The proposed fundraise targets an amount up to Rs. 300 crore.The capital generation can be achieved through various permissible modes, including, but not limited to, a private placement, a qualified institutions placement, preferential issue, Right Issue, or any combination of methods allowed under applicable laws. This...

AVRO INDIA LIMITED Allots 1,06,090 Equity Shares Following Conversion of Convertible Warrants AVRO INDIA LIMITED announced the allotment of 1,06,090 fully paid-up equity shares of the company. The allotment occurred following the exercise of warrants by certain Non-Promoter Warrant Holders, as approved by the company's Board of Directors on April 18, 2026.The initial warrant allotment previously involved 5,30,451 Convertible Warrants of face value of Rs. 10 each, which were issued at an aggregate issue price of Rs. 127.25 per warrant.On April 18, 2026, the Company’s Board of Directors approved the allotment of 1,06,090 fully paid-up equity shares. This conversion materialized after several Non-Promoter Warrant Holders exercised...

Shakti Pumps Invests Rs. 7 Crore in Greenfield Solar Manufacturing Plant Shakti Pumps (India) Limited has announced a significant investment of Rs. 7,00,00,000/- (Rupees Seven Crores Only) into its wholly owned subsidiary, Shakti Energy Solutions Limited. This investment supports the establishment of a greenfield manufacturing plant specializing in high efficiency Solar DCR cells and Solar PV modules.The new facility is planned for Pithampur, Madhya Pradesh, and will boast a substantial production capacity of 2.20 GW, significantly boosting the company's presence in the green energy sector.Shakti Energy Solutions Limited (SESL), which was incorporated on September 6, 2010, is the core subsidiary benefiting from this capital...

Aditya Vision Limited Appoints Pankaj Tripathi as Brand Ambassador for One Year Aditya Vision Limited has appointed actor Pankaj Tripathi as its brand ambassador for a duration of one year. The association marks a significant milestone for the company, as it is the first time Aditya Vision Limited is onboarding a brand ambassador.The company aims to leverage the partnership to strengthen customer engagement and bring its various offerings closer to the consumers. Mr. Tripathi, who is recognized for his strong connection with audiences in the Hindi Heartland and his credible persona, is expected to enhance the visibility of the company and its products, thereby supporting its outreach across key markets.This strategic association is...

Coforge M&A Head Anup Kumar Steps Down, Prompting Focus on Strategic Tech Direction Coforge, a major player in the technology services sector, announced the immediate resignations of two key executives. The departure of Anup Kumar, the Executive Vice President and Head of Mergers and Acquisitions (M&A), marks a significant development for the company's strategic trajectory.Manish Hemrajani, who serves as the Head of Investor Relations, has also stepped down from his role. According to a regulatory filing by the firm, both resignations are effective immediately.Executive Departures Signal Strategic Shift The company confirmed the dual departures in a recent filing, signaling a swift change in high-level leadership. Anup Kumar’s...

USFDA Issues 3 Observations to Lupin's Somerset Plant Amid Compliance Scrutiny Pharma major Lupin Ltd has disclosed details regarding a recent inspection by the US Food and Drug Administration (USFDA) at its Somerset, New Jersey, facility. The regulatory scrutiny culminated in the issuance of a Form 483 containing three key observations.The report confirms that the USFDA conducted an inspection spanning from April 13, 2026, to April 17, 2026. Lupin stated in a regulatory filing that the inspection concluded with the formal delivery of the Form-483.Understanding the USFDA Form 483 The Form 483 is a standard regulatory document issued at the conclusion of an inspection. According to the USFDA, it is provided to a firm’s management...

ICICI Bank Surges to Rs 14,755 Crore PAT: Provision Cuts Drive Profit Growth Amid Geopolitical Headwinds ICICI Bank has reported a significant jump in its net profit for the March quarter, driven primarily by a massive reduction in provisioning. The second-largest private sector lender posted a 9.28 per cent rise in its consolidated net profit, reaching Rs 14,755 crore.The favorable results highlight the bank's robust balance sheet management despite prevailing economic uncertainties. On a standalone basis, the net profit increased 8.5 per cent, reaching Rs 13,702 crore, compared to Rs 12,630 crore in the year-ago period. For the full fiscal year 2026, post-tax profit rose 6.2 per cent, totaling Rs 50,147 crore from Rs 47,227 crore in...

Gold Set for Massive Breakout to ₹1.85 Lakh: Macro Tailwinds, Global Shifts Drive Akshaya Tritiya Boom As India approaches the auspicious festival of Akshaya Tritiya, which traditionally marks a prime time for gold purchases, analysis suggests that macro trends are providing robust support for the yellow metal. Analysts predict that global macroeconomic factors, combined with traditional investment sentiment, could push prices up to ₹1.85 lakh per 10 grams.Axis Direct has noted that gold is strongly positioned in the current global environment. The brokerage maintains that the metal has inherent appeal, regardless of whether the global economy faces periods of stagflation or enjoys improvement amid falling interest rates...

Mega Surge in LPG Sales: Government Initiatives Drive Historic Boost in Commercial and PNG Connections Robust Demand Sustains LPG Sales Amid Geopolitical Headwinds LPG consumption continues to show resilience and stability, driven by extensive government initiatives and reforms. Data released by the government highlights substantial activity across the sector. Specifically, more than 17.25 lakh 5-kg FTL cylinders have been sold since March 23.In a dedicated effort to boost outreach, PSU oil marketing companies (OMCs) organized over 6,450 awareness camps since April 3. These camps alone resulted in the sale of more than 90,000 five-kilogram cylinders. These specialized cylinders are allocated to state governments for supplying migrant...

Oriana Power Limited Incorporates Wholly Owned Subsidiary POWERAXIS SERVICES for Energy Projects Oriana Power Limited announced the incorporation of POWERAXIS SERVICES PRIVATE LIMITED as its Wholly Owned Subsidiary. The subsidiary received its Certificate of Incorporation from the Ministry of Corporate Affairs on April 17, 2026, following the date of incorporation, April 07, 2026.The newly formed entity, POWERAXIS SERVICES PRIVATE LIMITED, has an authorized capital of Rs. 100,000, divided into 10,000 equity shares of Rs. 10 each. The company's turnover is currently Nil, as it has yet to commence business operations.Subsidiary Details and Corporate Structure The key details of the newly established subsidiary are summarized below...

Gold and Silver Crash-Proof? Key Bullion Rates Close At ₹16,045 (24 Kt Gold) Amid Market Watch Bengaluru witnessed the closing rates for critical precious metals on Saturday, providing a snapshot of global sentiment. Gold and silver rates provided specific benchmarks for investors to track market stability. The reported figures establish crucial support and resistance levels for retail and institutional investors alike.Precious Gold Bullion Rates Close at Benchmark Levels The gold segment saw the 24 Karat gold rate conclude at ₹16,045 per gram. This benchmark is critical for understanding investment trends in the high-purity segment. For consumers preferring slightly lower purity, the 22 Karat gold rate closed at ₹14,708 per gram...

Sikkim's Temi Tea Hits Record Rs 27,000/kg as Organic First Flush Sparks Premium Market Demand Sikkim's state-owned Temi Tea estate has achieved a notable milestone, reporting that its organic first flush tea fetched a record price of Rs 27,000 per kilogram. The official statement released Saturday confirms this exceptional performance during the current season.The first flush harvest is highly regarded for its delicate flavor profile and superior quality. This high demand is anticipated to continue across both the domestic and international tea markets.Driving Factors Behind Record Pricing The strong market response began immediately, with initial lots offered through open bidding receiving exceptional interest from buyers...