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REC Limited Independent Directors Conclude Tenure on Board REC Limited announced the conclusion of the tenure for two of its Independent Directors, Dr. Gambheer Singh and Dr. (Smt.) Durgesh Nandini.The directors had previously served as Part-time Non-Official (Independent) Directors on the Board of REC. According to the details provided, the tenure of both Dr. Gambheer Singh and Dr. (Smt.) Durgesh Nandini concluded on April 16, 2026.Effective from April 17, 2026, both individuals ceased to hold the position of Director at REC Limited.RECLTD Stock Price Movement Today, REC Limited shares edged higher to close at ₹373.3, finishing up 2.42% for the session. The stock settled on strong momentum, handling an impressive volume of 14.95...

Popular Vehicles and Services Updates Operations and Financial Performance for FY26 Popular Vehicles and Services Ltd. released a business update detailing the company's performance for the Quarter and Year ended March 31, 2026. The update provided key insights across revenue growth, vehicle sales volumes, and network expansion.Financial Performance Highlights The company reported several areas of notable year-over-year growth. According to the reported data, the approximate year-over-year growth figures were as follows:Particulars (Approx. YoY Growth In %)Q4FY26FY26Total Revenue from Operations69%15%PV (excluding luxury)25%4%Luxury PV37%15%CV134%32%EV, Spare parts distribution39%15%The new vehicle volume sales...

Bhatia Communications Approves Rs. 6 Crore Inter Corporate Loan to Skytower Enterprises Bhatia Communications & Retail (India) Limited announced on April 17, 2026, that its Board of Directors approved entering into a loan agreement with M/s Skytower Enterprises LLP.The agreement, which details an Inter Corporate Loan, was approved during the Board Meeting held on Friday, April 17, 2026.According to the details provided, Bhatia Communications & Retail (India) Limited will act as the Lender, and M/s Skytower Enterprises LLP will be the Borrower. The total amount of the loan granted is Rs. 6 Crores.The loan agreement, executed on April 17, 2026, carries several defined terms. The interest rate is set at 9.00% per annum, and the...

Mangal Electrical Industries Ltd Receives Extended Accreditation for 765 kV Transformers from Power Grid Corporation Mangal Electrical Industries Ltd has successfully received the renewal accreditation of Manufacturer Approval Validity Extension from the Power Grid Corporation of India Limited (PGCIL). This crucial approval covers the specialized process of Prime CRGO Coils Slitting and Laminations Cutting for Transformers and Reactors up to the 765 kV class, essential for major POWERGRID projects.The accreditation renewal was confirmed vide PGCIL letter reference number CC/QA&I/2026/Letter/172, dated April 16, 2026. The extension significantly bolsters the company's standing in the large power transformer segment.The renewed...

Amrutanjan Health Care Limited to Rephrase Second Phase of ESOP Scheme Amrutanjan Health Care Limited announced that it has decided to rephrase the 'Second Phase 'ESOP 2' of its existing Employee Stock Option Scheme. The company's action centers on the scheme titled 'Amrutanjan Health Care Limited - Employees Stock Option Scheme 2020' (Scheme').The decision to rephrase the Second Phase 'ESOP 2' was formally approved by the Nomination and Remuneration Committee / Compensation Committee of the Company. This approval was granted via a resolution passed on April 17, 2026.AMRUTANJAN Stock Price Movement Today, Amrutanjan Health Care Limited shares edged higher to close at ₹550, rallying 2.29% for the day. The stock displayed strong...

Anlon Technology Solutions Secures Rs. 2.11 Crore Order from Jaipur International Airport Anlon Technology Solutions Limited has secured a significant contract worth Rs. 2.11 Crore from Jaipur International Airport Limited. The deal involves the procurement of specialized safety equipment, specifically Water Cum Foam Bouser DFT (Domestic Fire Tender) For ARFF.The contract details indicate that the order is with a domestic entity and pertains to the procurement of Water Cum Foam Bouser DFT (Domestic Fire Tender) For ARFF. Financially, the total consideration for the order stands at Rs. 2.11 Crore.The financial composition of the contract is broken down as follows:DescriptionAmountCore Procurement ValueRs. 1.79 CroreGST...

Comfort Fincap Ltd. Converts 80.5 Lakh Warrants into Equity Shares Comfort Fincap Ltd. announced that its Board of Directors passed a resolution on April 17, 2026, approving the conversion of a significant number of share warrants into equity shares. The transaction, executed via a preferential allotment, saw the conversion of 80,50,000 share warrants into 80,50,000 equity shares, each having a face value of Rs. 02/-.The conversion process involved the exercise of the right of conversion by several persons and entities. The company reported receiving total funds amounting to Rs. 5,43,37,500/- (Rupees Five Crore Forty Three Lakh Thirty Seven Thousand and Five Hundred Only). This consideration was collected at a rate of Rs. 6.75/- (Six...

Shera Energy Limited Approves Capital Increase and Preferential Issuance of Warrants Shera Energy Limited announced several major corporate approvals following its Board of Directors meeting held on April 17, 2026. The Board approved enhancing the Company’s authorized share capital and sanctioning the issuance of up to 45,00,000 fully convertible warrants.The Board meeting commenced on April 17, 2026, and concluded with key decisions concerning the Company’s capital structure, governance, and financial payments. These resolutions are subject to the requisite approval of the shareholders.Capital Structure Enhancements The Directors approved the increase in the Authorized Share Capital of Shera Energy Limited. The capital will be...

NIIT Learning Systems Recognized Among Top 20 Staffing and Temporary Resources Companies for 2026 Atlanta, GA, April 17, 2026: NIIT Learning Systems Limited (NIIT Managed Training Services or NIIT MTS), a global leader in managed learning services, has been named to the 2026 Top 20 Companies in Staffing and Temporary Resources by Training Industry, Inc.Training Industry, which serves as a leading research and information resource for corporate learning leaders, prepares its Top 20 report to guide professionals on the most innovative and effective providers of training services and technologies within critical corporate training sectors.Selection for the 2026 Training Industry Top Staffing and Temporary Resources Companies List was...

Shera Energy Limited Board Approves Capital Increase and Issuance of 45 Lakh Convertible Warrants Shera Energy Limited announced several key corporate decisions following its Board of Directors meeting held on April 17, 2026. The Board approved a significant increase in the Company’s Authorized Share Capital and the issuance of up to 45,00,000 fully convertible warrants through a preferential allotment.The Board meeting, which took place on April 17, 2026, considered and approved the following major corporate actions:Capital Structure Enhancements The Directors approved increasing the Authorized Share Capital of the Company. The capital will increase from Rs. 25,50,00,000, divided into 2,55,00,000 equity shares of Rs. 10 each, to...

Zen Technologies Receives Government License to Manufacture 12.7mm, 23mm, 30mm, and 40mm Cannons Zen Technologies, a leading defence technology company in India, has secured an arms manufacturing licence from the Government of India. The licence authorizes the company to produce 12.7mm, 23mm, 30mm, and 40mm cannons.The rapid-fire cannons are designed for critical applications across Air Defence, naval operations, and Counter-Unmanned Aircraft System (C-UAS) roles. These weapon systems are positioned as highly effective last-layer defences against modern threats, including drones, loitering munitions, and low-flying aerial hazards.When integrated with advanced components, the systems offer highly accurate, responsive, and...

Tata Motors Passenger Vehicles Announces Allotment of 58,077 Shares Under Incentive Scheme Tata Motors Passenger Vehicles Limited, which was previously known as Tata Motors Limited, approved the allotment of 58,077 Equity Shares on April 17, 2026. The allotment, executed by the Company's Allotment Committee, was made to eligible employees under the Tata Motors Passenger Vehicles Limited Share-based Long Term Incentive Scheme 2021.The Company approved the allotment of 58,077 Equity Shares, each having a face value of ₹2/- and being fully paid up. This allocation resulted from the exercise of 58,077 Performance Share Units at an exercise price of ₹2/- per share.The allotment significantly increased the paid-up Equity Share Capital of...

Shree Refrigerations Ltd Secures Order for NGMV Project from Cochin Shipyard Shree Refrigerations Ltd has received a significant domestic order from Cochin Shipyard Ltd for the supply of a 8 kw Refrigerations Plant designated for the Next Generation Missile Vessel (NGMV) Project.The contract details confirm that the order is domestic in nature. The total size of the order is valued at Rs. 4,83,49,286.24/- (Rupees Four Crore Eighty Three Lakh Forty Nine Thousand Two Hundred Eighty Six and Twenty Four Paisa Only), excluding GST.The order requires Shree Refrigerations Ltd to complete the delivery by February 4, 2030.The key contract parameters are as follows:ParameterDetailEntity Awarding the OrderCochin Shipyard Ltd...

CRISIL Reaffirms AAA/Stable Credit Rating for Anzen India Energy Yield Plus Trust Debentures and Term Loan Anzen India Energy Yield Plus Trust has received a credit rating reaffirmation from CRISIL Ratings Limited for its debt instruments and term loan. The rating firm upheld the AAA/Stable rating across the company's various borrowings, indicating the highest degree of safety regarding timely servicing of financial obligations.The reaffirmation covers Non-Convertible Debentures and a Term Loan facility, highlighting the strength and stability of the financial structure of the trust.The following table details the instruments and corresponding ratings reaffirmed by CRISIL Ratings Limited:InstrumentIssue SizeRatingOutlook...

Kirloskar Ferrous Industries Reports NCLT Order on Merger of OEPL and Adicca Energy Kirloskar Ferrous Industries Ltd (KFIL) has reported on the outcome of the hearing before the National Company Law Tribunal (NCLT) concerning the Scheme of Arrangement and Merger by Absorption. The scheme involves the merging of Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL) into Kirloskar Ferrous Industries Ltd.The Company Petition was originally filed before the NCLT, Mumbai, concerning the absorption of OEPL and AESPL, which are wholly owned subsidiaries. Following a hearing held on April 9, 2026, the NCLT passed an Order, which was uploaded on April 16, 2026.The NCLT Order directed several key steps...

Aditya Birla Real Estate Limited announced the incorporation of a new subsidiary, Pragataya Properties Private Limited. The move follows Birla Estates Private Limited, a wholly owned subsidiary of the Company, incorporating the new entity. This transaction results in Pragataya Properties Private Limited becoming a Step-Down Wholly Owned Subsidiary of Aditya Birla Real Estate Limited.Pragataya Properties Private Limited is a newly incorporated Private Limited Company operating under the provisions of the Companies Act, 2013. The subsidiary belongs to the real estate industry, with its stated objective being the acquisition of land and/or the development of real estate projects.The formation establishes Pragataya Properties Private...

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...