Markets

Kirloskar Ferrous Industries Completes Legal Filing for Absorption Merger of Subsidiary Entities Kirloskar Ferrous Industries Limited (KFIL) has successfully advanced its Scheme of Arrangement and Merger by Absorption, which involves the integration of two wholly owned subsidiaries: Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL), into KFIL. The company announced a significant update regarding the proceedings before the National Company Law Tribunal (NCLT), Mumbai Bench.The Scheme petitions were filed before the NCLT under Section 230-232 of the Companies Act, 2013, concerning the merger and absorption of OEPL and AESPL into KFIL.Following a hearing held on April 9, 2026, the NCLT passed...

Patil Automation Limited Incorporates PAL Green Energy Private Limited as Subsidiary Patil Automation Limited has expanded its operational footprint by incorporating a new subsidiary, PAL Green Energy Private Limited. The company received the Certificate of Incorporation for the new entity on April 17, 2026, confirming the establishment of the specialized subsidiary.The new entity, PAL Green Energy Private Limited, commenced operations following its incorporation date of April 07, 2026. The subsidiary is positioned within the advanced renewable energy sector, focusing on Solar Structures & Tracker Components, BESS (Battery Energy Storage System), and Solar Module Assembly Line operations.The core business scope of PAL Green Energy...

EMS Ltd Wins Two Major Contracts from UP Jal Nigam (Urban), Varanasi EMS Ltd has secured the lowest bidder (L-1) status from UP Jal Nigam (Urban), Varanasi, for two significant construction works. The awarded contracts involve critical infrastructure development, totaling a combined estimated order value (excluding GST) of Rs. 20,864.46 lakhs.The company was awarded contracts covering essential urban sanitation and connection works in Varanasi. The works are classified as domestic L-1 awards, with no reported interest from the promoter or related party in the awarding entity.The details of the awarded contracts and their respective values are presented below:ContractEstimated Order Value (Excluding GST)TimelineWork Award 1Rs...

Poonawalla Fincorp to Announce Q4 FY26 Results and Host Earnings Call on May 05 Poonawalla Fincorp Limited has scheduled its earnings call to announce the results for the fourth quarter of the fiscal year 2025-26 (Q4 FY26). The results announcement and subsequent conference call are set for Tuesday, May 05, 2026.The company will host the earnings call at 5:00 PM IST, providing participation details for global participants.Poonawalla Fincorp Limited has provided various dial-in options for attendees, covering multiple time zones.LocationUniversal Dial-inHong KongSingaporeUKUSADial-in Number+91 22 6280 141480096444880010120450808101157318667462133Participants can also access the conference call by copying a specific URL...

GSM Foils Limited Announces Standalone Audited Financial Results for March 31, 2026 GSM Foils Limited announced the outcome of its Board Meeting held on April 17, 2026. The Board meeting considered, approved, and recorded the standalone audited financial results for the quarter and the year ended March 31, 2026. The Company's standalone annual audited financial statements for the year also received an unmodified opinion from MN CA & Associates.The company, which is engaged in the manufacturing, conversion, and printing of Aluminium foils used as primary packaging material for pharmaceutical companies, provided detailed financials covering revenue, expenditures, and assets.Financial Highlights (Year Ended March 31, 2026) The...

Smt. P. Uma Gandhi Resigns as General Manager (Finance) of Dredging Corporation of India Limited Dredging Corporation of India Limited announced the resignation of Smt. P. Uma Gandhi from her post as General Manager (Finance). The resignation was tendered by Smt. Gandhi due to personal reasons.The decision marks a significant transition for the company, as Smt. Gandhi is expected to cease her roles as CFO and Key Managerial Personnel (KMP) of Dredging Corporation of India Limited.Smt. P. Uma Gandhi submitted her resignation letter dated April 8, 2026, indicating that she was resigning from her position at the Head Office in Visakhapatnam.The company noted that the effective date of the resignation is subject to the approval of the...

Subam Papers Boosts Capacity, Targets High-Growth Paper Packaging Segment in India Subam Papers Limited has announced the commencement of commercial production of Kraft paper at its wholly owned subsidiary facility in Tirunelveli, Tamil Nadu. The commissioning of this new, state-of-the-art manufacturing plant marks a major milestone in the company's strategy to expand its footprint within India's burgeoning paper and packaging sector.The facility, located in Vaduganpati Village, is set to significantly boost the company's overall manufacturing capacity. This capacity expansion not only increases the total production volume but also strategically positions Subam Papers in the high-demand 80 to 120 GSM range, crucial for modern paper...

Alcokraft Distilleries Plans CBG Plant Expansion and Appoints Additional Directors Alcokraft Distilleries Limited, formerly known as Aurangabad Distillery Limited, announced key operational and administrative updates following its Board of Directors meeting held on April 17, 2026. During the meeting, the Board considered and approved plans for the company's business diversification and the appointment of two new Additional Directors.The company plans to expand its operational footprint by approving the proposed installation of a Compressed Bio-Gas (CBG) Plant with a capacity of 10 tons per day. The company stated that this initiative is aimed at leveraging market opportunities and driving future growth through business...

Choice International Limited Board Meeting Scheduled for April 23, 2026, to Approve Annual Financial Results Choice International Limited has scheduled its Board of Directors Meeting for Thursday, April 23, 2026. The meeting is set to consider key corporate matters, most notably the annual financial performance of the company.During the meeting, the board will address the audited Standalone and Consolidated Financial Results of Choice International Limited for the Quarter and Financial Year ended March 31, 2026. The agenda includes the formal consideration and approval of these financial outcomes, followed by the adoption of the Auditor's Report pertaining to the results.The company also plans to consider any other matter with the...

Hathway Cable & Datacom Limited Announces Audited Financial Results for March 31, 2026 Hathway Cable & Datacom Limited has released its consolidated and standalone audited financial results for the quarter and year ended March 31, 2026. The financial statements provide a detailed view of the Group's performance, covering key areas including total income, segment revenues, and financial position across various periods.Consolidated Financial Performance The consolidated results for the year ended March 31, 2026, show total income of 2,243.53 Rupees in Crores, compared to 2,146.35 Rupees in Crores for the same period in 2025.The following table summarizes key financial metrics (amounts in Rupees in Crores):ParticularsQuarter ended...

R P P Infra Projects Ltd Reports Compliance Action Following Insider Trading Violation R P P Infra Projects Ltd has reported an instance of a code of conduct violation involving a Designated Person (DP) related to insider trading regulations. The company confirmed that the designated person was involved in a contra trade without obtaining pre-clearance, detailing the action taken to ensure compliance.The violation was identified as a failure by the Designated Person to obtain prior pre-clearance before executing the transaction. The company confirmed that the trade was executed by the Designated Person, Mr. P Selvasundaram (PAN: AJCPS0728C), which was noted to be an inadvertent contra trade and did not occur during a trading window...

Systematix Corporate Services Appoints Veteran IAS Officer Vijaykumar Gautam as Independent Director Systematix Corporate Services Ltd. successfully appointed veteran Indian Administrative Service (IAS) officer, Mr. Vijaykumar Gautam, as a Non-Executive Independent Director. The appointment was approved by the company’s members during the Extra-Ordinary General Meeting (EGM) held on April 17, 2026.The appointment marks Mr. Gautam's transition in designation to Non-Executive Independent Director. The board approved his tenure for a period of five years, effective from January 21, 2026, through January 20, 2031.Mr. Vijaykumar Gautam, holding DIN 07358773, brings a wealth of experience from both state and central government roles. He...

Marico to Host Investor Call to Discuss Q4FY26 Financial Results Marico has announced an investor and analyst conference call scheduled for Tuesday, May 5, 2026. The event will provide management commentary on the financial results and operations for the quarter and the full financial year ended March 31, 2026.The conference call will follow the announcement of Marico Limited's financial results for the period. Management representatives for the company on the call will be Mr. Saugata Gupta, Managing Director & CEO, and Mr. Pawan Agrawal, Group CFO & CEO - International Business.The Company's financial results for the quarter and year ending March 31, 2026, are expected to be available on its corporate website after approval by the...

Mahesh Developers Ltd Appoints New Statutory and Secretarial Auditors The Board of Directors of Mahesh Developers Ltd. held a board meeting on April 17, 2026, during which the company reviewed and approved several key appointments regarding its audit and compliance functions. The Board formally took note of the resignation of the previous statutory auditor and approved the appointment of new professional auditors to fill both the statutory and secretarial audit roles.Resignation of Statutory Auditor The Board took note of the resignation of M/s. Bhairavi & Associates, Chartered Accountants, from the position of Statutory Auditor. The resignation was tendered by CA Bhairavi M Shah, Proprietor of M/s. Bhairavi & Associates, stating her...

Lemon Tree Hotels Expands Presence in Gujarat with New Signing in Garudeshwar Lemon Tree Hotels Limited has strengthened its footprint in Gujarat by announcing the signing of a new property, the Lemon Tree Hotel, Garudeshwar. This expansion marks the brand's 32nd property in the state, emphasizing the group's strategic focus on growing its presence in tourism and pilgrimage-led markets.The new Garudeshwar hotel will be managed by Carnation Hotels Private Limited, which is a wholly owned subsidiary of Lemon Tree Hotels Limited. The property is designed to feature 90 well-appointed rooms, alongside various amenities, including a restaurant, a banquet hall, a meeting room, a swimming pool, spa, and a fitness center.This latest addition...

Shalby Ltd Independent Director Vijay Kedia Resigns Due to Professional Commitments Shalby Ltd announced the resignation of Mr. Vijay Kishanlal Kedia as an Independent Director of the Company. Mr. Kedia's resignation is effective from the close of business hours on April 30, 2026.The Board of Directors of Shalby Ltd has noted that Mr. Kedia tendered his resignation letter citing "increasing professional commitments and time constraints" as the reasons for his stepping down.The Board expressed appreciation for Mr. Kedia’s valuable contribution and guidance during his tenure as an Independent Director. Mr. Kedia confirmed that there are no material reasons for his resignation other than the professional commitments and time...

Bondada Engineering Ltd Allots 78,000 Shares to Employees Under ESOP Plan Bondada Engineering Limited announced the allotment of 78,000 fully paid-up equity shares to its employees. The shares were allotted pursuant to the exercise of options granted under the 'BELEmployees Stock Option Plan 2024' (ESOP 2024).The allotment of the 78,000 equity shares, each having a face value of Rs. 2/-, occurred during the Board of Directors' meeting held on April 17, 2026.The shares allotted under the ESOP 2024 are set to rank pari-passu, in all respects, with the existing Equity Shares of the Company.Capital Structure Update Following the allotment of the shares, the total issued, subscribed, and paid-up equity share capital of Bondada...

Alicon Castalloy Ltd Allots 75,000 Equity Shares to Employees Under Stock Options Scheme Alicon Castalloy Ltd reported a material corporate action following the outcome of its Board of Directors meeting held on April 17, 2026. The company announced the allotment of 75,000 Equity Shares to employees who exercised options under its established Employees Stock Options Scheme-2022.During the meeting on April 17, 2026, the Board of Directors formalized the allotment process. The shares were allotted against the exercise of an equal number of options by the company's employees.The key details of the share allotment are summarized below:ParameterDetailsCompanyAlicon Castalloy LtdDate of AllotmentApril 17, 2026Total Shares...

City Union Bank to Hold Board Meeting to Approve Financial Results, Dividend, and Bonus Declaration City Union Bank Ltd announced that a meeting of its Board of Directors is scheduled for Monday, April 27, 2026. The meeting is set to consider and approve key corporate actions for the bank.The main agenda items to be discussed during the meeting include:The audited Standalone Financial Results of the Bank for the Quarter and the year ended March 31, 2026. The recommendation of a dividend, if any, on the bank's equity shares for the Financial Year 2025-26. The declaration of bonus shares, if any, which will remain subject to the approval of the bank's shareholders.Regarding market activity, the bank also confirmed that the trading...

Space Incubatrics Technologies Appoints New Directors and Records Multiple Departures Space Incubatrics Technologies Ltd has announced significant changes to its board composition, recording the appointment of two new directors and the resignation of two existing board members, effective April 17, 2026.The company, with BSE Scrip Code 541890 and ISIN INE797Z01028, confirmed the structural adjustments following a meeting of its board of directors on April 17, 2026.New Director Appointments The board appointed Mr. Nand Kishore Ray as an Additional Non-Executive & Non-Independent Director, effective April 17, 2026.Details regarding Mr. Nand Kishore Ray are as follows:AttributeDetailDIN11626638Father's NameMr. Kalewar Ray...