Markets

CRISIL Reaffirms Ratings for PPAP Automotive Ltd, Assessing Rs. 200 Crore in Bank Facilities PPAP Automotive Ltd received confirmation of its credit rating from CRISIL, which reaffirmed the ratings for the company's bank facilities as of April 2026.According to the assessment, CRISIL assigned the following reaffirmed ratings to PPAP Automotive Ltd:MetricRatingStatusLong term ratingCRISIL A-/StableReaffirmedShort term ratingCRISIL A2+ReaffirmedThe rating review covered a total of bank loan facilities rated amounting to Rs. 200 Crore. Under the analysis, the facilities were evaluated against the following metrics:Facility MetricRatingLong Term RatingCrisil A-/StableShort Term RatingCrisil A2+Outstanding Bank...

Banco Products (India) Ltd Updates Contact Details for Key Managerial Personnel Banco Products (India) Ltd has officially updated the contact information for its Key Managerial Personnel (KMP). The company provided the updated details for its Whole Time Director and Chief Financial Officer.The updated information for the key personnel is as follows:NameDesignationContact DetailsMr. Sharan M. PatelWhole Time DirectorAddress: Banco Products (India) Limited, Bit, Near Bhaili Railway Station, Padra Road, Dist. Vadodara-391410. Phone No: 0265-2318226Mr. Sachin Jayantilal KotakChief Financial OfficerEmail id: sec@bancoindia.comBANCOINDIA Stock Price Movement Shares of Banco Products (I) Limited are edging higher to ₹626.4 as...

Growington Ventures India Appoints Ankit Jalan as Independent Director Growington Ventures India Ltd, formerly known as VMV Holidays Lid, announced the appointment of Mr. Ankit Jalan as an Independent Director. The appointment was approved by the company's Board of Directors following a Board Meeting held on April 17, 2026.The Board Meeting, which commenced at 01:30 P.M. and concluded at 02:05 P.M., discussed and approved the inclusion of Mr. Jalan to the board. The appointment is effective from April 17, 2026, and will hold for a period of five consecutive years.The company confirmed that Mr. Ankit Jalan, who holds DIN No. 11508097, confirmed that he is not debarred from holding the office of a Director by any authority...

Bharat Coking Coal Ltd Postpones Board Meeting to Discuss FY24 Financial Results Bharat Coking Coal Ltd, a Miniratna Company and subsidiary of Coal India Limited, announced the postponement of its 441st Board Meeting. The board meeting, which was originally scheduled for Saturday, April 18, 2026, has been rescheduled to April 22, 2026, citing unavoidable circumstances.The Board of Directors meeting was slated to consider, approve, and take on record the Audited Financial Results (Standalone) of the company for the fourth quarter and the full financial year ended March 31, 2026, following review by the Audit Committee.The delay is due to unavoidable circumstances. Bharat Coking Coal Ltd confirmed that the 441st Meeting of the Board...

Bigbloc Construction Subsidiary Commences Trial Production at Umargaon Facility Bigbloc Construction Limited announced that its subsidiary has begun trial production at its Umargaon facility. Bigbloc Building Elements Private Limited, a wholly owned subsidiary of Bigbloc Construction Limited, commenced trial production at its state-of-the-art construction chemicals plant in Umargaon.The development marks a step toward reinforcing the Group's commitment to innovation and expansion within the construction materials sector.The commencement of trial production at the Umargaon facility highlights the company's focus on expanding its operational capacity and product portfolio in construction chemicals.BIGBLOC Stock Price Movement Shares...

Piramal Pharma Limited to Host Conference Call for Q4 and Full-Year FY2026 Results Piramal Pharma Limited has scheduled a conference call for investors and analysts to review the company's financial performance for Q4 and the full fiscal year 2026. The call is set for April 29, 2026, beginning at 9:30 AM IST.Investors can participate using the following dial-in details for the event:EventLocation & TimeTelephone NumberConference call on 29 th April 2026India - 09:30 AM IST+91 22 6280 1461 / +91 22 7115 8320 (Primary Number)Conference call on 29 th April 2026India - 09:30 AM IST1 800 120 1221 (Toll free number)Conference call on 29 th April 2026USA - 12:00 AM (Eastern Time - New York)Toll free number 18667462133...

Piramal Pharma Ltd Board to Meet April 28 for Consideration of FY and Q Results Piramal Pharma Ltd announced that its Board of Directors will convene a meeting on Tuesday, April 28, 2026. The meeting is scheduled to consider and approve the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year that concluded on March 31, 2026.The company also provided an update regarding the trading window for its securities. The window, which had previously closed on Wednesday, April 1, 2026, will remain closed until Thursday, April 30, 2026, encompassing both days.PPLPHARMA Stock Price Movement Shares of Piramal Pharma Limited are edging higher to ₹148.4 as of 2:25 PM today, gaining 0.61% in live trading. The...

Cryogenic OGS Secures LOI for Supply of Metering Skids from Emerson Measurement Systems Cryogenic OGS Limited, a fluid metering and filtering equipment OEM formerly known as Cryogenic Liquide Pvt. Ltd., has announced that it has received a Letter of Intent (LOI) from Emerson Measurement Systems And Solutions India Pvt. Ltd. The contract involves the supply of Metering Skids, with a broad consideration valued at ₹2,12,66,380.00 (Two Crore twelve Lakhs Sixty Six Thousands Three Hundred and Eight Rupees Only, Excluding GST).The LOI confirms that the contract for the supply of metering skids is a domestic deal awarded by Emerson Measurement Systems And Solutions India Pvt. Ltd. Cryogenic OGS Limited anticipates the execution of this order...

Morepen Laboratories Secures Fourth Consecutive NIL 483 USFDA Inspection at Masulkhana Facility Morepen Laboratories Limited announced the successful completion of a United States Food and Drug Administration (USFDA) inspection at its Masulakhana facility in Himachal Pradesh. The inspection, conducted on April 17, 2026, resulted in the facility being cleared with zero adverse observations (NIL Form 483).This achievement marks the company's fourth consecutive NIL 483 inspection over the past eight years, reinforcing Morepen's commitment to global quality and regulatory standards.Sanjay Suri, Executive Director of Morepen Laboratories Limited, stated that the consistent record of NIL 483 inspections is a testament to the strength of...

Key Banks Expanded: RBI Authorizes 15 Institutions for Gold and Silver Imports The Government of India, through the Ministry of Commerce & Industry, has issued a significant public notice detailing amendments to the list of authorized banks for importing precious metals. The update, effective from April 1, 2026, modifies the regulatory landscape for India’s gold and silver trade finance sector.The Directorate General of Foreign Trade (DGFT) announced the changes via a notice dated April 17, 2026. The amendments are crucial for trade participants needing to understand the updated banking network for bullion imports.Expanded List for Gold and Silver Imports Under Appendix 4B of the Handbook of Procedures, 2023, the DGFT has released...

Subsidiary Madanlal Estates Sees Tax Liability Reduced to Zero After Order Allied Blenders and Distillers Limited has announced a significant development concerning its subsidiary, Madanlal Estates Private Limited, following a favorable tax order. The company confirmed that Madanlal Estates Private Limited received an order on April 15, 2026, which significantly reduced the outstanding tax liabilities of the entity.The order, issued by the Commissioner of Income Tax (Appeal), resulted in the entire Income Tax liability of Rs. 0.39 Crore, along with accrued interest of Rs. 0.19 Crore, being reduced to zero. Allied Blenders and Distillers Limited received confirmation of this favorable ruling on April 16, 2026.The development relates...

Aurum PropTech to Host Earnings Call Reviewing Q4 and FY 2025-2026 Performance Aurum PropTech Ltd is scheduled to host an Earnings Conference Call to review its performance for the quarter and year ended March 31, 2026. The call is set for Monday, April 27, 2026, commencing at 4:00 p.m. IST.The focused theme for the session is "Q4 | FY 2025-2026 Poised to Accelerate."The Earnings Conference Call will be conducted via digital means, providing an update on the company's operational and financial standing for the quarter ending March 31, 2026.The call will feature key members of the management team, providing insights into the company's strategic direction. The participants include:RoleNameTitle/AffiliationFounder and CEOMr...

Windlas Biotech Ltd Board Approves Buyback of Shares Worth Up to INR 47 Crore Windlas Biotech Ltd announced that its Board of Directors approved a buyback of its fully paid-up equity shares. The resolution, passed at a meeting held on April 17, 2026, outlines the terms for repurchasing a specified portion of its equity capital.The Board approved a buyback of up to 4,70,000 fully paid-up equity shares, each having a face value of INR 5.00. This buyback represents 2.23% of the company's total existing paid-up equity share capital. The maximum potential value of the buyback is set at INR 47,00,00,000, representing 9.80% of the aggregate of the total paid-up equity share capital and free reserves (including securities premium) as of March...

Bajaj Electricals Limited Receives Adverse Appeal Order, Upholding GST Demand of Rs. 1.16 Crore Bajaj Electricals Limited announced an update regarding a tax demand dispute stemming from an assessment order issued by the Assistant Commissioner of Sales Tax, Kotwali, Bihar. The company confirmed receipt of an adverse appeal order from the Appellate Authority, upholding the original demand of Rs. 1.16 crore.The dispute originated from an assessment order dated May 25, 2023, issued by the GST Authority. This order raised a total demand of Rs. 1.16 crore, which included a general penalty of Rs. 39.58 lakh. The demand related to an alleged disallowance of transitional credit availed in 'Form Tran 1'.The company had previously appealed...

JSW Steel Partners with POSCO Group for 6 MTPA Integrated Steel Plant in Odisha JSW Steel Ltd., a company part of the O. P. Jindal Group, has approved entering into a Share Subscription and Joint Venture Agreement with POSCO Co., Ltd. and POSCO-India Private Limited (collectively referred to as the POSCO Group). This strategic partnership involves Saffron Resources Private Limited, a wholly owned subsidiary of JSW Steel, becoming a 50:50 Joint Venture between JSW Steel and the POSCO Group.The proposed joint venture aims to establish a greenfield 6 MTPA integrated steel plant in Odisha. Saffron Resources currently possesses 887 acres of land in Odisha, of which approximately 595 acres are freehold and 292 acres are leasehold, which can...

WOL3D India Expands Operations with New 50,400 Sq. Ft. Warehouse Facility in Bhiwandi WOL3D India Limited, a leading 3D printing solutions provider, has announced a major expansion of its operational footprint in Maharashtra. The company launched a new, state-of-the-art warehouse facility in Bhiwandi, strategically designed to meet the escalating demand for 3D printing technology and its related ecosystem.The expanded facility, located at Godown Nos. E1, 2, 3, Building No. E1, VRINDAVAN COMPLEX, Bhiwandi - Nashik Highway, Sonale Village, Bhiwandi - 421302, is set to significantly enhance the company's manufacturing and overall operational capabilities.The expansion enables the company to support large-scale filament manufacturing...

Bajaj Finance Allots Secured Non-Convertible Debentures Worth Rs 2004.31 Crore on Private Placement Bajaj Finance Limited has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement basis. The company allotted 2,00,400 NCDs, with each debenture having a face value of Rs 1,00,000, aggregating to a total value of Rs 2004.31 crore.The allotment of these debentures was completed on April 17, 2026.Key Details of the NCD Issuance The debentures carry a coupon rate of 7.77% per annum. The repayment and interest payments are scheduled across three dates.The following table outlines the structure and key parameters of the NCDs:ParameterDetailTotal Size of Issue2,00,400 NCDsFace...

Shadowfax Technologies to Acquire Remaining Stake in CIPL, Making it Wholly Owned Subsidiary Shadowfax Technologies Ltd is set to acquire the final remaining shares of Criticalog India Private Limited (CIPL) from its founders, thereby making CIPL a wholly owned subsidiary of the Company.The acquisition finalizes the Company’s stake in CIPL, which is a key player in the logistics and supply chain sector.In a structured buying process, the Company had previously acquired significant holdings in CIPL in multiple tranches. As of January 22, 2026, Shadowfax Technologies had acquired two tranches of CIPL Equity Shares (6,716 shares, representing 72.31% of CIPL’s equity shareholding) and 15,417 CIPL Preference Shares (representing 100% of...

Shyam Metalics Scales Up Value-Added Steel Portfolio with Commissioning of Phase II CRM Facility Shyam Metalics and Energy Limited, a leading integrated metal producer in India, announced the successful commissioning of Phase II of its Cold Rolling Mill (CRM) facility. Located at its Jamuria plant in West Bengal, the facility significantly enhances the company's capacity in the value-added steel segment. The facility operates through the company's wholly owned subsidiary, Shyam Sel and Power Limited (SSPL), and commenced commercial production effective April 16, 2026.The Phase II expansion introduces an advanced processing Dual Pot GI cum Galvalume (GL) line with a capacity of 0.15 million tonnes per annum (MTPA). This incremental...

Bajaj Housing Finance Allots Secured NCDs Worth Rs. 1008.3292 Crore on Private Placement Basis Bajaj Housing Finance Ltd has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company confirmed that its Debenture Allotment Committee, at a meeting held on April 17, 2026, allotted 1,00,000 NCDs, each having a face value of Rs. 1,00,000, aggregating to Rs. 1008.3292 crore (including discount and accrued interest).The total issue size for the debentures stands at Rs. 1008.3292 crore. The debentures are set to be listed on the Wholesale Debt Market Segment of BSE Limited.The NCDs carry a coupon rate of 7.25% per annum. The first interest payment is scheduled for January 22...