Markets

Independent Directors Cease Tenure at Madras Fertilizers Limited Madras Fertilizers Limited announced the cessation of two of its Independent Directors, effective April 16, 2026, following the completion of their respective tenures. The change reflects the normal conclusion of their terms of office.The company confirmed that the retirement of the directors is solely due to the completion of their agreed-upon tenure and is not attributed to any other reason.The two directors whose tenures concluded are Mr. Sanjay Vishnu Shetye and CA. Alok Kumar Agrawal.The details regarding the Independent Directors and the timeline of their cessation are presented below:Director NameDate of AppointmentDate of Tenure CompletionMr. Sanjay...

Supreme Court Dismisses Aspinwall and Company Limited's Appeal Regarding Loss Set-Off Aspinwall and Company Limited announced on April 17, 2026, that the Hon'ble Supreme Court of India dismissed its Civil Appeal No. 7796 of 2012. The appeal was filed against the Inspecting Assistant Commissioner concerning the set-off of accumulated losses of The Pullangode Rubber & Produce Co. Ltd. against the company's agricultural income.The litigation related to the Kerala Agricultural Income Tax Act, 1991, and specifically involved the Company's claim to utilize accumulated losses of The Pullangode Rubber & Produce Co. Ltd. (which amalgamated with the Company effective January 1, 2006). The Supreme Court, in its judgment dated April 13, 2026...

Rex Sealing and Packing Industries Allots Equity Shares Following Warrants Conversion Rex Sealing and Packing Industries Ltd announced that its Board of Directors approved the allotment of Equity Shares following the conversion of warrants held by a non-promoter category allottee. The transaction, approved during the Board meeting on April 17, 2026, resulted in a material increase in the company's paid-up capital.The Company approved the conversion of 50,048 warrants into 50,048 Equity Shares. These shares were allotted on a preferential basis to the Non-Promoters Category. The new Equity Shares were issued at a price of Rs. 210/- each, which includes a premium of Rs. 200/- per share.The allotment was completed upon the receipt of...

MTNL Reports Default on Principal and Interest Payments to Multiple Banks Mahanagar Telephone Nigam Ltd (MTNL) has reported defaults concerning the payment of principal installments and interest across several major banks. The company noted that the default was declared as of March 31, 2026.MTNL’s outstanding borrowings from banks and financial institutions totaled Rs 9,263 Crore. When factoring in short-term and long-term debt, the company's total financial indebtedness stood at Rs 36,314 Crore. This total debt includes bank loans of Rs 9,263 Crore, a State Guarantee (SG) bond of Rs 24,071 Crore, and SG bond interest of Rs 2,980 Crore.The default affects accounts with seven financial institutions, including Union Bank of India...

NTPC Group Boosts Solar Capacity with 150 MW COD Announcement NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd, has reported a significant operational milestone regarding its solar energy portfolio. The company announced the Commercial Operation Date (COD) for 150 MW of solar capacity. This newly operational capacity is situated in Rajasthan and forms part of a larger 300 MW solar project. The COD for this segment is effective starting April 18, 2026.With this development, the NTPC group has provided updated figures for its overall power capacity. The group's total installed capacity currently stands at 89,528 MW, while the commercial capacity is reported at 88,448 MW.The expansion and operational status of the group’s...

Pidilite Industries to Host Q4FY26 Earnings Call and Business Update on May 8 Pidilite Industries Limited has scheduled an Investor Event and Earnings Conference Call to discuss the company's Q4FY26 Performance and Business Updates. The event is slated for Friday, May 8, 2026.The company's management team will participate in the call. Speakers attending the session include Mr. Sudhanshu Vats, Managing Director; Mr. Kavinder Singh, Joint Managing Director; Mr. Sandeep Batra, Executive Director (Finance) & Chief Financial Officer; and Mr. Bhavesh Joshi, Sr. Vice President Domestic Accounts and Taxation.The conference call will commence at 4:00 PM IST.For international participation, Pidilite Industries has provided the following...

Dr. M.V. Natesan Ceases Role as Independent Director on BEML Land Assets Board BEML Land Assets Limited announced that Dr. M.V. Natesan has ceased to serve as an Independent Director on the company's board, effective April 17, 2026.Dr. M.V. Natesan, bearing DIN-09408491, concluded his tenure with the company on this date. The cessation was confirmed due to the completion of his one-year term serving on the board of BEML Land Assets Limited (BLAL).BEML Land Assets Ltd is classified as a Schedule 'C' Company under the Ministry of Defence, Government of India. The company’s details noted during this reporting period include the following stock exchange codes:ExchangeSymbol/Scrip CodeNational Stock Exchange of India Ltd.BLAL...

Siyaram Recycling Secures Rs. 2,06,64,750 Order for Brass Ingots from Dharma Metalex Siyaram Recycling Industries Ltd., formerly known as Siyaram Impex Pvt. Ltd., has secured a noteworthy order from Dharma Metalex for the supply of Brass Ingots. The total value of the order stands at Rs. 2,06,64,750.The agreement details indicate that the order is sourced from a domestic entity, with the transaction classified as fixed cost. Siyaram Recycling Industries Ltd. anticipates the execution of this contract within a timeframe of 7 Days.The transaction was confirmed by the company's managing director, Bhavesh Ramgopal Maheshwari. According to the provided details, the deal does not involve related parties, ensuring the transaction is...

DIPAM Grants 'No Objection' for Merger of HSCC (India) Limited with NBCC (India) Ltd NBCC (India) Limited has announced that the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India, has granted its 'No Objection' regarding the merger of HSCC (India) Limited. The approval marks a key step toward consolidating the wholly owned subsidiary with the holding company, NBCC (India) Limited.According to the details provided, the Department of Investment and Public Asset Management (DIPAM) conveyed its 'No Objection' via an Office Memorandum dated April 16, 2026.The approval concerns the merger of HSCC (India) Limited, which is a wholly owned subsidiary, with NBCC (India) Limited, which acts...

Agi Infra Limited Secures License for 'AGI Green Crest' Residential Project Agi Infra Limited has secured a key operational license for its Group Housing Project, 'AGI Green Crest,' significantly advancing its real estate development portfolio. The company announced the receipt of the necessary approval, positioning it for increased revenue and profits from the sale of residential flats.The license for the project was issued by the Jalandhar Development Authority (JDA) under License No. JDA-2026/115, dated March 30, 2026. Agi Infra Limited confirmed that the license was received on April 16, 2026, covering the development of 'AGI Green Crest,' a residential project situated in a premium area of Jalandhar. The acquired license is valid...

Customs Authority Confirms Differential Duty and Penalty for Rane Holdings Subsidiary Rane Holdings Limited, through its wholly owned subsidiary, Rane Steering Systems Private Limited (RSSL), has received an official order from the customs authority concerning tariff classification issues. The order, passed by the Office of Principal Commissioner of Customs ICD, Patparganj, New Delhi, confirms a differential duty and levies applicable interest and penalty against RSSL.The communication was received on April 16, 2026. The matter pertains to the wrong tariff classification identified across 39 Import Bill of entries.RSSL had previously faced a Show Cause Notice related to this classification. The subsequent order, passed under Section...

L&T Technology Services Partners with Global Energy Major to Head Digital Expertise Centre in India L&T Technology Services Ltd, a global leader in AI, Digital, and ER&D Consulting Services, has established a significant technology partnership with a leading global energy major. The collaboration positions L&T Technology Services as the dedicated engineering services and technology partner for the energy giant's Digital Expertise centre located in India.The strategic partnership formalizes L&T Technology Services' role in advancing the global energy major's digital capabilities within the country. Under the agreement, L&T Technology Services will provide comprehensive engineering services and technology support for the development and...

Kiaasa Retail Announces CFO Resignation, Effective April 30, 2026 Kiaasa Retail Ltd has confirmed the resignation of Mr. Sumit Agrawal from the positions of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The cessation of Mr. Agrawal’s duties is effective from April 30, 2026.According to the notice, Mr. Agrawal’s decision to resign is attributed to personal reasons, specifically his relocation to his native place to take care of his family.Kiaasa Retail Ltd is noted for its extensive physical presence, operating over 100 stores across more than 60 cities throughout India. The company maintains its retail operations while transitioning the CFO role.Stock Price Movement As of 10:43, Kiaasa Retail Ltd is ticking up...

SMALLCAP World Fund Acquires Shares in Shaily Engineering Plastics Ltd Through Open Market Purchase SMALLCAP World Fund, Inc. has acquired an additional stake in Shaily Engineering Plastics Ltd through open market purchases. The transaction saw the fund increase its holdings in the company, boosting its overall equity shareholding.The acquisition was completed on 15 April 2026. The fund's purchase of shares was carried out through the open market.Before the transaction, SMALLCAP World Fund, Inc. held 2,519,092 shares of Shaily Engineering Plastics Ltd, representing 5.4816% of the total share capital.The details of the acquisition are as follows:MetricShares Held Before AcquisitionShares AcquiredShares Held After Acquisition...

Madhya Bharat Agro Products Approves Final Dividend and Releases FY 2026 Financial Results Bhilwara, April 17, 2026 – Madhya Bharat Agro Products Limited announced the outcome of its Board Meeting held on Friday, April 17, 2026. During the meeting, the Board considered and approved the audited financial results and the Auditor's Report for the quarter and the full year ended March 31, 2026.Among the key decisions, the Board of Directors recommended a final dividend of 5%, amounting to Rs. 0.50 per equity share of face value of Rs. 10/- each. This dividend is subject to the approval of the company's members at the ensuing Annual General Meeting.Governance and Audit Appointments The Board meeting also addressed operational...

Thakral Services India Ltd to Hold Board Meeting on May 4 to Approve FY 2026 Financial Results Thakral Services India Ltd has scheduled a meeting of its Board of Directors for Monday, May 04, 2026. The company confirmed that the meeting will be held at 4:30 P.M. in Bangalore.The primary focus of the board meeting is the review and approval of the company's audited financial performance. The agenda specifies that the directors will consider and approve the Audited Financial Results for the quarter and the full year ended March 31, 2026.Stock Price Movement Thakral Services India Ltd settled at ₹14.00 on Thursday, dipping 1.75% from where it closed previous trading. Meanwhile, the shares spent the entire session locked in a tight...

Aurobindo Pharma Receives USFDA Approval for Nitrogen-Binding Agent Glycerol Phenylbutyrate Aurobindo Pharma Limited has announced the receipt of final approval from the US Food & Drug Administration (USFDA) for Glycerol Phenylbutyrate Oral Liquid, 1.1 grams per mL. The approved product is bioequivalent and therapeutically equivalent to Ravicti Oral Liquid 1.1 grams per mL, manufactured by Horizon Therapeutics U.S. Holding LLC.The new product will be manufactured by Unit-III of the company and is scheduled for immediate launch. Glycerol Phenylbutyrate Oral Liquid is indicated for the chronic management of patients with urea cycle disorders (UCDs) who require a nitrogen-binding agent and cannot be managed solely by dietary protein...

Take Solutions Enters Longevity Market with Focus on Nutraceuticals and Biohacking Solutions CHENNAI, April 17, 2026 – Take Solutions Limited, a global technology-driven healthcare solutions provider, announced its strategic market entry into the rapidly expanding longevity and anti-ageing sector in India. The initiative leverages the company's existing expertise in clinical research, life sciences, and regulatory processes to establish a scalable platform across consumer health products and digital wellness solutions.The company plans to adopt a dual model combining product innovation with technology-enabled health solutions. This approach is focused on developing science-backed nutraceuticals, biohacking-focused products, and...

Vedanta Secures US $125 Million Loan; Agreement Mandates 50.1% Holding in Hindustan Zinc Ltd Vedanta Limited has entered into a facility agreement to avail external commercial borrowing of US $125,000,000. The agreement, formalized on April 14, 2026, involves Axis Trustee Services Limited, GIFT City Branch, acting as the agent.The loan arrangement was executed among Vedanta Limited (the Company), JPMorgan Chase Bank N.A., acting through GIFT City Branch (serving as both the mandated lead arranger and bookrunner), and Axis Trustee Services Limited, GIFT City Branch, acting as the agent.The terms outlined in the facility agreement place specific requirements on Vedanta Limited regarding its holding and control of Hindustan Zinc Ltd...

Investor Reports: Chennupati Sarath Kumar Reduces Stake in Arunjyoti Bio Ventures Ltd Chennupati Sarath Kumar executed a sale of equity shares in Arunjyoti Bio Ventures Ltd. through the open market. The transaction, which took place between April 13, 2026, and April 16, 2026, saw the investor reduce his holding in the company.According to the details, Chennupati Sarath Kumar, who is not classified as a promoter, sold 54,25,516 equity shares of Arunjyoti Bio Ventures Ltd. This sale accounted for 2.91% of the total share/voting capital of the company.The acquisition/sale was conducted via the Open Market.Stakeholding Details The figures reveal a reduction in the promoter's stake, bringing the total holding after the transaction to...