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Kovilpatti Lakshmi Roller Flour Mills Ltd's Credit Rating Reviewed by CRISIL Kovilpatti Lakshmi Roller Flour Mills Ltd received a revised credit rating from CRISIL Ratings Limited, detailing changes across several bank facilities. The review, published on April 16, 2026, noted the revised ratings for various loans and facilities totaling Rs. 91 crores.The rating agency cited the moderation in the company's business risk profile as the reason for the downward revision. This change was attributed to the decline in operating margins and revenue estimated for fiscal 2026.The revision affects eight separate bank facilities, including cash credit, overdraft facilities, and term loans. The following table details the amounts, existing...

Comfort Fincap Ltd Receives Listing Approval for Preferential Allotment of 25 Lakh Equity Shares Comfort Fincap Ltd announced on April 17, 2026, that it has received listing approval for a significant tranche of equity shares. The approval relates to the issuance of 25,00,000 equity shares on a preferential basis, following the conversion of warrants.The listing approval, received from the Bombay Stock Exchange Limited (BSE), covers the allotment of these shares to both Promoters and Non-Promoters.The transaction details are as follows:DetailValueNumber of Shares25,00,000Face Value per ShareRs. 2/-Issue Premium per ShareRs. 7/-Basis of IssuePreferential allotment pursuant to conversion of warrantsThe company...

UltraTech Cement Boosts Capacity with Commissioning of New Units UltraTech Cement Ltd has announced the commissioning of significant additional cement capacity across several domestic locations, bolstering its overall manufacturing footprint.The company detailed the commissioning of new units contributing 8.7 mtpa of cement capacity through three newly operational plants:LocationStateCommissioned CapacityShahjahanpurUttar Pradesh2.7 mtpaVisakhapatnamAndhra Pradesh3.0 mtpaPatratuJharkhand3.0 mtpaFollowing the commissioning of these units, UltraTech Cement's total domestic grey cement manufacturing capacity is now augmented to 200.1 mtpa. When combined with its existing overseas capacity of 5.4 mtpa, the company's total...

Zee Entertainment Enterprises Approves Investment Up To Rs. 116 Crores in Phantom Digital Effects Limited Zee Entertainment Enterprises Ltd (ZEEL) has approved an investment of up to Rs. 116 crores in Phantom Digital Effects Limited (Phantom). The investment will be made through the preferential allotment of Compulsorily Convertible Debentures (CCDs) in one or more tranches.The Board of Directors of Zee Entertainment Enterprises Ltd approved the transaction during a meeting held on April 17, 2026.Focus on Strategic Content and Execution The investment is framed as more than a purely financial transaction, establishing a strategic partnership. Zee is leveraging its strong content vision, intellectual property ownership, and...

Patel Engineering Ltd Reports Completion of Tenure for Independent Director Mr. Ashwin Parmar Patel Engineering Ltd has announced that Mr. Ashwin Parmar will be ceasing his role as an Independent Director of the company. The tenure completion is effective from April 19, 2026.The company confirmed that Mr. Ashwin Parmar’s term as an Independent Director will conclude on April 19, 2026, resulting in his cessation as a Director of Patel Engineering Ltd.The key details regarding the change in directorship are summarized below:DetailInformationDirector NameMr. Ashwin ParmarReason for ChangeCessation (Completion of tenure as an Independent Director)Date of CessationApril 19, 2026PATELENG Stock Price Movement Today, Patel...

NCLT Allahabad Bench Re-notifies Key Matters for Further Hearing Jagran Prakashan Limited updated stakeholders regarding the proceedings of two key matters before the National Company Law Tribunal (NCLT) Allahabad Bench, Prayagraj. Both matters were re-notified for further hearings scheduled for May 4, 2026.On April 16, 2026, the Tribunal issued orders concerning two separate cases: Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors. and Shailendra Mohan Gupta and Ors. v. Jagran Media Network Investment Pvt. Ltd. & Ors.Proceedings Update: Mahendra Mohan Gupta v. Devendra Mohan Gupta The National Company Law Tribunal Allahabad Bench heard the matter titled Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors...

Mantra Capital Board Meeting Scheduled to Approve FY 2026 Financial Results Mantra Capital Ltd., previously known as Savani Financials Limited, announced details regarding its upcoming Board of Directors meeting. The meeting is scheduled to address and seek approval for the Audited Standalone Financial Results and Financial Statement of the company for the quarter and Financial Year ended March 31, 2026.The Board meeting is slated to take place on Friday, April 24, 2026, and Saturday, April 25, 2026.The company also provided key information regarding the market activity surrounding the announcement of these results. The trading window for Mantra Capital remains closed from Wednesday, April 01, 2026. Following the declaration of the...

Jio Financial Services Reports Strong Operational Momentum in FY26, Posts Rs. 1,561 crore Profit Jio Financial Services Limited (JFSL) announced its audited financial results for the fourth quarter and financial year ended March 31, 2026, citing robust operational growth across its diverse financial subsidiaries. The Company reported a Consolidated Profit After Tax of Rs. 1,561 crore for the full year, marking significant growth supported by high performance in core lending and digital payment segments.The Board of Directors approved the financial results, highlighting key milestones achieved across the group's ecosystem, including a substantial increase in assets under management (AUM) across its various verticals.Financial...

Kotak Mahindra Bank Announces Board Meeting for Q4/FY2026 Results and Dividend Consideration Kotak Mahindra Bank Ltd has announced that its Board of Directors will hold a meeting on Saturday, May 2, 2026. The meeting is scheduled to cover the company's financial performance and consideration of potential shareholder dividends for the financial year ending March 31, 2026.During the board meeting, the primary agendas include considering and approving the Standalone and Consolidated Audited Financial Results of the Bank for the quarter and financial year ended March 31, 2026. Additionally, the bank's board will recommend a dividend, if any, on the equity shares for the same financial year.The bank also provided an update regarding its...

R Systems International Ltd Allots Shares Through Management Incentive Plan The Nomination, Remuneration and Compensation Committee of the Board of Directors of R Systems International Limited approved the allotment of shares under the company’s Management Incentive Plan 2023. The allotment of 4,414 equity shares was executed upon the exercise of 4,414 Restricted Stock Units (RSUs).This corporate action, approved through resolution on April 17, 2026, resulted in a material increase in the company's paid-up share capital.Following the allotment, the issued, subscribed, and paid-up share capital of R Systems International Limited stands increased to INR 11,84,86,475/-. The total capital is now divided into 11,84,86,475 equity shares...

Reliance Industries to Hold Board Meeting on April 24, 2026, to Review Financial Results Reliance Industries Ltd has scheduled its Board of Directors meeting for Friday, April 24, 2026. The meeting is set to address key financial outcomes for the quarter and year ended March 31, 2026.During the Board meeting, the company plans to consider and approve the standalone and consolidated audited financial results for the period ending March 31, 2026. Additionally, the board will recommend a dividend on the company's equity shares for the financial year ended March 31, 2026.Following the Board Meeting, Reliance Industries Ltd has announced it will host an analyst meet. This session will provide detailed discussions regarding the financial...

Jio Financial Services Approves FY26 Results, Recommends Dividend, and Appoints New Group CFO Jio Financial Services Limited announced significant corporate and financial updates following its Board of Directors meeting on April 17, 2026. The Board approved the audited financial results for the financial year ended March 31, 2026, and recommended a final dividend. The Board also announced a key leadership transition, approving the appointment of Ms. Annapoorna Venkataramanan as the new Group Chief Financial Officer (CFO).Leadership Changes and Corporate Appointments The Board of Directors took note and accepted the request of Shri Abhishek Haridas Pathak to release him from the position of Group Chief Financial Officer and Key...

Aurobindo Pharma Secures USFDA Approval for Dextromethorphan Extended-Release Oral Suspension Aurobindo Pharma Limited has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market its Dextromethorphan Polistirex Extended-Release Oral Suspension, 30 mg/5 mL (OTC). The product is recognized as being both bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Delsym Extended-Release Oral Suspension, 30 mg/5 mL, originally marketed by RB Health (US) LLC.The approved product is scheduled for launch in Q2FY27 and will be manufactured at Unit-IV of APL Healthcare Limited, a wholly owned subsidiary of the company.The OTC suspension is indicated to temporarily relieve minor...

Zensar Technologies Board Meeting Scheduled for April 24, 2026, to Review FY26 Results Zensar Technologies Ltd has announced that its Board of Directors will convene a meeting on Friday, April 24, 2026. The primary agenda focuses on the review and approval of the company's audited financial results for the quarter and full financial year ended March 31, 2026, alongside the recommendation for dividends.At the scheduled board meeting, the directors are set to consider and approve two key items:1. Audited Financial Results: The audited Standalone and Consolidated Financial Results of the company for the quarter and financial year ended March 31, 2026, along with the accompanying Auditor's Report. 2. Dividend Recommendation: The...

Tamil Nadu Newsprint & Papers Ltd Board Meeting Scheduled for March 2026 Results Tamil Nadu Newsprint & Papers Limited, a manufacturer of bagasse-based eco-friendly paper, has announced a meeting of its Board of Directors to discuss its financial performance for the period ending March 31, 2026.The Board meeting is scheduled for Friday, April 24, 2026. The meeting will take place at the Company's Registered Office in Chennai.The primary agenda for the Board includes taking on record the Audited Financial Results (Standalone) for both the quarter and the year that ended March 31, 2026. Furthermore, the Board will consider and recommend any dividend for the financial year ended March 31, 2026.In addition to the financial...

Sarla Performance Fibers Ltd. Board to Meet on April 22 to Approve FY26 Results, Recommend Dividend, and Consider Buyback Sarla Performance Fibers Ltd. has scheduled a meeting of its Board of Directors for Wednesday, April 22, 2026. The meeting is set to address key financial decisions, including the approval of the audited financial results for the quarter and financial year ending March 31, 2026, and recommendations regarding the company's dividend and share buyback.The board agenda is slated to cover several critical areas for the company. Key business items to be considered and approved include:Financial Results: Approval of the audited standalone and consolidated financial results for the quarter and financial year ended March...

Richfield Financial Services Approves Private Placement of Rs 15 Crore Worth of Non-Convertible Debentures Richfield Financial Services Ltd announced that its Board of Directors approved plans to raise funds through a private placement of Non-Convertible Debentures (NCDs). The approval was made during the board meeting held on April 17, 2026.The company plans to issue a total of 1,50,000 Nos. Secured Redeemable Series V Non-Convertible Debentures (NCDs), each valued at Rs. 1,000. This issuance aggregates to a total fund size of Rs. 15,00,00,000/-, or Fifteen Crore Rupees. The funds are slated to be raised via Private Placement in one or more tranches to identified persons.The details regarding the proposed fund raising and the...

Johnson Pharmacare Ltd Announces Director Appointments and Resignations Johnson Pharmacare Ltd. held a Board of Directors meeting on April 17, 2026, during which the board considered and approved several significant changes to the company's directorial structure, including two new appointments and two resignations.The board officially appointed Mr. Nand Kishore Ray and Mr. Dheeraj Kumar to key roles within the company.Mr. Nand Kishore Ray was appointed as an Additional Non-Executive and Non-Independent Director, effective April 17, 2026. Mr. Ray's profile details include:FieldDetailsNameMr. Nand Kishore RayFather's NameMr. Kalewar RayDate of birth01/01/1956DIN11626638Mr. Dheeraj Kumar was appointed as an...

Royal India Corporation Ltd Sees Executive Director Ikerath Joseph Sam Step Down Royal India Corporation Ltd announced the resignation of Mr. Ikerath Joseph Sam from the post of Executive Director (Business Development and Marketing). The director's departure from the Company's Board of Directors was effective from April 16, 2026, following his submission of a resignation letter.Mr. Sam stated that his resignation is due to other commitments and his desire to pursue other opportunities. In his resignation communication, he wished the Board and the Promoters well for their future endeavors. Mr. Sam also indicated his availability for one month to complete any required handover assistance.The Company confirmed that Mr. Sam has stated...

Jamna Auto Subsidiary Faces GST Show Cause Notice for ITC Discrepancy Jamna Auto Industries Limited reported that its subsidiary, Jai Suspension Systems Private Limited, received a Show Cause Notice (SCN) concerning Goods and Services Tax (GST) matters. The notice was issued by the Office of the Joint Commissioner of Central GST, Audit Commissionerate, Dehradun, for the audit period spanning FY 2021-22 to FY 2023-24.The SCN, dated April 10, 2026, was received by the subsidiary on April 16, 2026. The central issue relates to a demand of tax resulting from a reported difference in Input Tax Credit (ITC) between the annual return (GSTR-9) and the ITC availed in GSTR-3B.Regarding the financial implications, the GST Authority has...