Markets

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...

Blue Blends Approves Unaudited Financial Results for Q1 to Q4 FY26 Amid Resolution Plan Implementation Blue Blends (India) Ltd announced that its Board of Directors approved the Unaudited Standalone and Consolidated Financial Statements for the financial year 2025, covering quarters ended June 30, 2025; September 30, 2025; and December 31, 2025. These results were approved during the Board Meeting held on April 17, 2026.The company also provided an update on its ongoing Corporate Insolvency Resolution Process (CIRP) status, noting that the Board considered the financial statements for the quarter ended June 30, 2025, and the quarter and half year ended on September 30, 2025, in addition to the full year-to-date figures.Corporate...

SGL Resources Ltd Secures Order of Rs. 14 Lakhs from Ananth Technologies SGL Resources Ltd has secured a domestic order worth Rs. 14 Lakhs. The contract involves the supply of specialized software and applications from Ananth Technologies Private Limited.The order, categorized as a purchase of software and application, was awarded by Ananth Technologies Private Limited and is expected to be executed within a timeframe of one year.The company confirmed that the transaction is not classified as a related party transaction and that there is no interest held by the promoter or promoter group in the entity that awarded the order.The core details of the secured order are summarized below:ParticularsDetailsName of the Entity...

RR MetalMakers India Ltd Completes Sale of Gujarat Undertaking to Ojas Ecopower Limited RR MetalMakers India Limited has completed the sale of its undertaking/plant located in Gujarat. The sale of the unit, situated at Survey. No. 36, Nr. Navavas Village, Dehgam -Dhansura Road, Tal: Talod, Dist.: Sabarkantha, Gujarat, was finalized on April 16, 2026.The transaction was initiated through a previously executed Memorandum of Understanding (MOU) with Ojas Ecopower Limited, Ahmedabad.The company announced that the total consideration received from the disposal amounts to Rs. 2.65 crores plus applicable taxes.Transaction Details The sale involves the disposal of the unit to Ojas Ecopower Limited, which operates from Flat No.23, 3 rd...

Yuranus Infrastructure Ltd Announces Final Dividend and Releases Audited Financial Results for FY 2025-2026 Yuranus Infrastructure Ltd recently announced the outcome of its Board Meeting held on April 17, 2026. The Directors recommended a Final Dividend of INR 0.10 per Equity Share, which has a face value of INR 10 each. This dividend is subject to the approval of the company's shareholders at the forthcoming Annual General Meeting.The company also released its audited standalone financial results for the year ended March 31, 2026, which were approved and taken on record during the Board Meeting.Financial Performance Highlights The company's financial statements provide a comprehensive view of its performance across various periods...

Shri Ashutosh Gautam Appointed Executive Director (Civil) at Rail Vikas Nigam Limited Rail Vikas Nigam Limited (RVNL) announced the appointment of Shri Ashutosh Gautam as the Executive Director (Civil), effective April 17, 2026. The appointment sees Mr. Gautam rejoin the company, placing him within the organization's Senior Management Personnel.The appointment formalizes Mr. Gautam's role in the E-9 grade, falling under the CPSE (IDA) pay scale of R1,50,000-3,00,000. He assumed duty at the Corporate Office in New Delhi on the effective date.The key details of the senior management change are summarized below:ParameterDetailNameShri Ashutosh GautamDesignationExecutive Director (Civil)Effective DateApril 17, 2026Term...

IPO Pipeline Under SEBI Review: Key Filings Await Regulatory Clearance After Processing Status Update The regulatory landscape for Initial Public Offerings (IPOs) remains highly scrutinized, as the Securities and Exchange Board of India (SEBI) releases its weekly processing status report. This report dictates the timeline for unlisted companies seeking to launch public offerings.SEBI mandates strict adherence to the Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018. These regulations require every issuer planning an IPO to file a draft offer document through a designated merchant banker. The report provides a critical snapshot of filings pending observation.Draft Offer Documents Actively Under SEBI Review As of...

UltraTech Cement Crosses 200 Million Tonnes Per Annum Capacity Milestone with New Units UltraTech Cement Limited, the cement flagship of the Aditya Birla Group, announced that it has surpassed 200 million tonnes per annum (MTPA) of installed cement manufacturing capacity in India. The milestone was reached following the company's commissioning of three new cement grinding units.The three units are located in Shahjahanpur (Uttar Pradesh), Patratu (Jharkhand), and Vizag (Andhra Pradesh). These strategically positioned additions are set to strengthen regional supply chains, serving North India's construction corridor, the industrial heartland of Jharkhand, and Andhra Pradesh's rapidly urbanizing coastal belt.With the commissioning of...

Bridge Securities Ltd Announces Audited Financial Results for FY 2026 and Key Auditor Appointments Bridge Securities Limited announced its audited financial results for the quarter and the year ended March 31, 2026, alongside critical updates to its internal and secretarial audit appointments. The results and governance decisions were approved by the Company's Board of Directors during the meeting held on April 17, 2026.During the board meeting, the directors considered and approved the company's audited financial results for the quarter and year ended on March 31, 2026, along with the accompanying Auditor's Report.Financial Performance Highlights The Company reported key financial metrics for the period ending March 31, 2026. Total...

Quadrant Televentures Ltd Appoints Mr. Umesh P Srivastava as Chief Financial Officer Quadrant Televentures Ltd has appointed Mr. Umesh P Srivastava as its Chief Financial Officer (CFO), effective April 16, 2026. The appointment was approved by the Committee of Creditors. The company remains under the Corporate Insolvency Resolution Process, which commenced on September 2, 2025.In addition to serving as CFO, Mr. Umesh P Srivastava currently holds the position of Company Secretary for Quadrant Televentures Ltd.The professional details of the appointment are as follows:ParticularsDetailNameMr. Umesh P SrivastavaReason for ChangeAppointmentDate of AppointmentApril 16, 2026QualificationCompany SecretaryExperienceRich...

RDB Infrastructure And Power Signs Binding Term Sheet to Acquire Green Energy Solution RDB Infrastructure And Power Ltd has signed a Binding Term Sheet for the proposed acquisition of M/s Arankam Green Energy Solution. This agreement, finalized on April 17, 2026, aims to bolster the company’s presence in the renewable energy sector and facilitate the commercialization of a key solar power project.The acquisition targets M/s Arankam Green Energy Solution, a Special Purpose Vehicle (SPV) established to manage long-term power purchase agreements for solar power projects within India.The primary objective of the acquisition is linked to the completion and commercialization of a 6.3 MW renewable energy project. This specific plant is set...

SGL Resources Ltd Secures Rs. 88.50 Lakhs Domestic Software Contract SGL Resources Ltd, formerly known as Scanpoint Geomatics Limited, has secured an order valued at Rs. 88.50 Lakhs. The contract was awarded by Technosys Integrated Solutions Pvt. Ltd., marking a significant domestic contract for the company.The awarded order pertains to the purchase of software and applications, specifically covering the supply of IGIS Suite, Desktop, customized GIS web application development, and GIS based integration services. The contract is set for execution within one year.In this domestic transaction, SGL Resources Ltd confirmed that the awarding entity, Technosys Integrated Solutions Pvt. Ltd., does not have any interest from the promoter or...

Himatsingka Seide Ltd Reports Update on Ongoing Litigation with Income Tax Appellate Tribunal Himatsingka Seide Ltd provided details regarding its ongoing litigation and disputes, outlining the current status of proceedings before the Income Tax Appellate Tribunal, Kolkata. The update pertains to cases filed against the Assistant Commissioner of Income Tax.The core dispute involves transfer pricing adjustments related to three areas: 1. Corporate Guarantee provided by the Company to its subsidiaries. 2. Loan provided by the Company to Twill & Oxford LLC (a voluntary liquidated associate company) and Himatsingka America Inc., a step-down subsidiary. 3. The classification of investment in Bellora as Revenue in nature, given that the...

SML Mahindra Announces Q4 FY2026 Press and Analyst Investor Meeting SML Mahindra Limited, formerly SML Isuzu Limited, has scheduled a Press, Analyst, and Institutional Investor Meeting for the fourth quarter of fiscal year 2026. The meeting is set to take place on Monday, April 20, 2026, running from 5:30 PM to 6:00 PM IST.The company has organized the event as a virtual call, providing specific details for attendees wishing to join the session.Attendees interested in participating in the Q4 FY2026 Press and Analyst Meet can join via phone using the following details:DetailParticularsDateApril 20, 2026Time5:30 PM to 6:00 PM ISTMode of AttendanceVirtual Meet (Audio)Phone Dial-in (India)+91 22 6259 1456Phone...

eMudhra Launches emSigner for SMEs, Targeting Digital Workflow Acceleration Across India eMudhra, a global leader in digital identity and trust solutions, has launched emSigner for SMEs, a dedicated platform designed to help small and medium enterprises (SMEs) digitize various business workflows. The new offering aims to accelerate the transition of SMEs towards paperless, compliant, and efficient operations across India.The solution is part of eMudhra's broader 'SME Digitalization for India' initiative. The company noted that despite growing regulatory requirements, many Indian SMEs continue to use manual, paper-intensive processes. These reliance on physical documentation can lead to operational inefficiencies, compliance risks, and...

SGL Resources Ltd Secures Rs. 8.43 Crore Order from Jamnagar Municipal Corporation SGL Resources Limited has secured a contract valued at Rs. 8.43 Crore, following an order from the Jamnagar Municipal Corporation Project and Planning Branch. The contract is for the supply of a Specially enabled web Portal using the Latest Technology.The newly awarded contract falls under the category of purchasing software and applications. According to the details, the order is domestic in nature and is expected to be executed within a period of two years.The transaction details confirm that the total consideration for the order is Rs. 8.43 Crore. Furthermore, SGL Resources Limited confirmed that the awarding entity has no interest in the company's...

Bharat Heavy Electricals Withdraws Acceptance of LOI for 1x800 MW Anuppur Thermal Power Project Bharat Heavy Electricals Limited (BHEL), a Government of India Undertaking, has withdrawn its acceptance of a Letter of Intent (LOI) from MB Power (Madhya Pradesh) Limited. The LOI related to the supply of equipment—specifically a Boiler, Turbine, and Generator—for the 1x800 MW Anuppur Thermal Power Project.The company confirmed the withdrawal of the acceptance to the customer on April 17, 2026, at 1636 hrs.Sources indicate that the original LOI, issued on September 3, 2025, was contingent upon the execution of a formal contract within an agreed timeline. BHEL reported that despite multiple discussions and provided extensions, the formal...

NCLT Approves Amalgamation Schemes for Archidply Industries Ltd' Promoter Group Entities Archidply Industries Ltd. has received intimation regarding the approval of two Schemes of Amalgamation within its promoter group from the National Company Law Tribunal (NCLT), Guwahati Bench. The schemes involve restructuring two separate groups of promoter entities.The two amalgamation schemes approved by the NCLT are:1. Ravi Marketing and Services Private Limited merging with Assam Timber Products Private Limited. 2. Vanraj Suppliers Private Limited merging with Shree Shyam Tea Private Limited.These transactions are designed to consolidate shareholding within the promoter group.Structure and Shareholding Consolidation The successful...

Innovision Ltd Awarded Work Order from Chhattisgarh State Marketing Corporation Limited Innovision Limited has secured a work order from the Chhattisgarh State Marketing Corporation Limited for the provision of manpower services. The contract, which pertains to the supply of manpower to the Buyer's premises or any other premises approved by the Buyer, was granted on March 30, 2026.The work order outlines the engagement for Manpower Hiring Service, awarded by the Chhattisgarh State Marketing Corporation Limited, a domestic entity. The contract is structured to cover the supply of 451 Number of Manpower, billed at 3.85% of Service Charge. The service duration remains valid until the completion of the scope of services or the end of the...

Trent Ltd Board to Meet April 22 to Consider Financial Results, Dividend, and Share Allotments Trent Ltd announced that its Board of Directors meeting is scheduled for Wednesday, April 22, 2026. The meeting aims to consider several key corporate matters, including the financial results and proposals related to equity structure.The Board agenda is comprehensive, covering the approval of the company’s audited financial results for the year ended March 31, 2026, both on a standalone and consolidated basis. A significant point of discussion will be the recommendation of any dividend on equity shares for the fiscal year ended March 31, 2026, which remains subject to the approval of the company’s shareholders.The meeting is also slated to...