Markets

Mangalam Worldwide Limited Secures Rs 50 Crore Through Private Placement of Non-Convertible Debentures Mangalam Worldwide Limited announced that its Debenture Committee of the Board of Directors approved the issuance of non-convertible debentures (NCDs) worth up to Rs 50 crore. The approval was reached at a committee meeting held on April 16, 2026.The company plans to raise the funds by issuing up to 5,000 senior, secured, rated, listed, redeemable, taxable, transferable non-convertible debentures. These debentures have a face value of INR 1,00,000 (Rupees One Lakh) each, aggregating to Rs 50,00,00,000 (Rupees Fifty Crores).The issuance will be structured as a private placement through the Electronic Book Platform (EBP), remaining...

Dodla Dairy Subsidiary Secures Land Allotment for Large-Scale Milk Products Unit Dodla Dairy Limited has confirmed a significant expansion step through its wholly owned subsidiary, HR Food Processing Private Limited. The company has been allotted a substantial plot of land in the Dumaria industrial area of the motipur cluster, Bihar.HR Food Processing Private Limited received the allotment of 311333 sqft (7.15 acres) spanning plot nos I.P.-26, I.P.27, and I.P.-1. This land is secured through a lease of 90 years from the Bihar Industrial Area Development Authority (BIADA).The purpose of the newly acquired land is the establishment of a major manufacturing unit. The facility will focus on producing various milk-based products...

Indo Euro Indchem Ltd Addresses GST Demand Order Alleging Fraudulent ITC Availment Indo Euro Indchem Ltd has provided a clarification regarding a significant tax dispute, detailing an order received from the Assistant Commissioner of Central GST & Central Excise in Mumbai. The company addressed an alleged violation concerning the fraudulent availment of Input Tax Credit (ITC) and announced its plans to challenge the demand before appellate authorities.The matter stems from an order passed on March 13, 2026, by the Office of the Assistant Commissioner of Central GST & Central Excise, Division-I, Mumbai Central Commissionerate. The order, issued under the CGST Act, 2017 and corresponding provisions under the Maharashtra SGST Act, 2017...

Rishab Special Yarns Limited to Rename Company to Impera Worldwide Limited After MCA Approval Rishab Special Yarns Limited has received approval from the Ministry of Corporate Affairs (MCA) to change the company's name from 'Rishab Special Yarns Limited' to 'Impera Worldwide Limited'.The company announced the name change approval, confirming that the MCA has sanctioned Form INC-24 for the corporate transition.The company noted that it is yet to receive the fresh Certificate of Incorporation that confirms the name change to Impera Worldwide Limited.The update indicates that the company will promptly communicate and submit the new Certificate of Incorporation to the Stock Exchange upon receipt from the Registrar of Companies.Stock...

ISGEC Heavy Engineering Signs MoU to Provide Technical Support for Sugar Plants in Nigeria ISGEC Heavy Engineering Ltd announced on April 16, 2026, that it has entered into a Memorandum of Understanding (MoU) with the National Sugar Development Council of the Federal Republic of Nigeria. The agreement focuses on providing technical support related to the development of sugar plants within Nigeria.Under the agreement, ISGEC will offer comprehensive technical assistance across several key areas in the Nigerian sugar industry. The scope of operation includes technical support for developing feasibility studies, preparing cost estimates, and conducting assessment and valuation of assets. Furthermore, the company is set to offer technical...

Softtech Engineers Ltd Announces Analyst Meet Schedule for April 2026 Softtech Engineers Limited has scheduled an Analyst/Institutional Investors Meet with its officials. The meeting is set to take place on Tuesday, April 21, 2026, in Mumbai.The company issued the schedule detailing the interaction plan for market participants. The meeting is designated as an Analyst Meet and will be conducted through a physical group interaction format.The key details of the upcoming investor engagement are presented below:Event Date and Time Location Mode of InteractionAnalyst Meet Tuesday, April 21, 2026, between 04:00 pm and 06:00 pm Mumbai Physical, GroupSOFTTECH Stock Price Movement Softtech Engineers Limited shares today slipped by...

BlueStone Jewellery Approves Grant of 2,09,319 Employee Stock Options BlueStone Jewellery and Lifestyle Ltd announced on April 16, 2026, that its Nomination and Remuneration Committee (NRC) approved the grant of 2,09,319 Employee Stock Option Plan (ESOP) options to the company's employees. The grant falls under the existing Bluestone Jewellery and Lifestyle Limited - Employee Stock Option Plan 2014.The total number of options granted under the plan is 2,09,319. These options cover 2,09,319 Equity Shares, each having a face value of Rs. 1/- and being fully paid up. The exercise price for these ESOPs has been set at Rs. 1/- per option.Plan Details and Vesting Schedule The Employee Stock Option Plan 2014 dictates that stock options...

Bank of Maharashtra Appoints Shri Sushanta Kumar Mohanty as Executive Director Bank of Maharashtra has appointed Shri Sushanta Kumar Mohanty as an Executive Director on its Board. The Central Government notified the appointment, effective from April 15, 2026.The appointment was made in exercise of powers conferred by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, read with the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970. Shri Sushanta Kumar Mohanty, who previously served as Chief General Manager at Bank of Baroda, assumed the charge as Executive Director of the bank on April 15, 2026. His tenure is specified for a period of three years, or until further orders, whichever is...

India Ratings Affirms HUDCO and Key Borrowing Instruments at 'IND AAA'/Stable; Details Financial Status India Ratings and Research Limited (Ind-Ra) has affirmed the credit rating of Housing and Urban Development Corporation Limited (HUDCO) and its various borrowing programmes. The rating action, issued on April 16, 2026, covered the Issuer Rating, Proposed Bonds, Bank Loan Facilities, and existing bonds and commercial papers.The rating assessment affirmed the Issuer Rating at IND AAA/Stable. Key instruments and facilities received the following rating actions:Instrument Description Rating Rating ActionIssuer Rating IND AAA/Stable AffirmedProposed Bonds IND AAA/Stable AssignedBank Loan Facilities IND AAA/Stable/IND A1+...

Pro CLB Global to Acquire Stake in Sevenglow Lights in Strategic Association Agreement Pro CLB Global Limited and Sevenglow Lights Limited formalized a strategic partnership on April 15, 2026. The Strategic Association Agreement details a planned strategic investment and equity participation by Pro CLB Global Limited in Sevenglow Lights Limited. This agreement marks the formalization of the intent first outlined by the parties in a Memorandum of Understanding (MOU) dated April 4, 2026.The overarching objective of the agreement is to facilitate strategic investment by Pro CLB, supporting Sevenglow's business expansion, scaling, and long-term value creation, including potential acquisition.Investment Structure and Control The...

Mangalam Drugs & Organics Limited Reports Default on Loan Obligations to Two Banks Mangalam Drugs and Organics Limited has reported a default on its loan obligations to two major banks, Bank of Baroda and Bank of Maharashtra. The company stated that the default period exceeds 30 days.The development concerns the company's loan accounts and involves overdue amounts totaling nearly Rs. 1558 Lacs across the two financial institutions. Mangalam Drugs and Organics Limited stated that the company is actively making arrangements to clear the overdue amounts as soon as possible.The company's report details the specifics of the default for both accounts, including the overdue amounts and the start dates of the default period.Bank...

Havells India to Host Earnings Call for Q4 and FY26 Results on April 22 Havells India Limited has scheduled an Earnings Conference Call to discuss the financial results for the fourth quarter and the full financial year ended March 31, 2026. The event is set to take place on Wednesday, April 22, 2026.The conference call is scheduled to run from 4:15 pm to 5:00 pm IST, providing stakeholders with insights into the company's performance for the quarter and the fiscal year.Management representatives are expected to participate in the discussion. The key participants attending the call include:Mr. Anil Rai Gupta, Chairman & Managing Director Mr. Rajesh Kumar Gupta, Whole Time Director & Group CFO Mr. Ameet Kumar Gupta, Whole Time...

SEBI and FIU-India Cement Anti-Fraud Shield with Landmark MoU, Boosting Financial Market Oversight Securities and Exchange Board of India (SEBI) has significantly strengthened its anti-fraud framework by formalizing a crucial partnership. The regulator signed a Memorandum of Understanding (MoU) with the Financial Intelligence Unit India (FIU-India), marking a major development in India's financial crime landscape.The MoU, which came into force on April 15, 2026, establishes a robust mechanism for mutual cooperation between the two key regulatory bodies. This collaboration is designed to enhance oversight and coordination in the markets.SEBI and FIU-India Forge Strategic Partnership The agreement was officially signed on April 15...

Quint Digital Ltd Gains Listing Approval for ESOP Shares, Increasing Paid-up Capital Quint Digital Ltd announced on April 16, 2026, that the company secured listing and trading approval for equity shares allotted under its Employee Stock Option Plan (ESOP) 2020. The approval grants the trading rights for 25,500 Equity Shares of Rs. 10 each.The allotment marks an increase in the company's paid-up equity capital. Trading in these newly issued securities is scheduled to begin on Friday, April 17, 2026.The company's total paid-up and admitted share capital is set to increase following the ESOP exercise. The changes are detailed below:Capital ComponentPrevious StructureNew StructurePaid-up CapitalRs. 47,18,25,080Rs. 47,20,80,080...

MPF Systems Ltd Appoints Ms. Nidhi Joshi as Additional Director and Retains Internal Auditor MPF Systems Ltd announced key outcomes from its Board of Directors meeting held on Thursday, April 16, 2026. The Board approved the appointment of Ms. Nidhi Joshi as an Additional Director and appointed M/s Kishan Patel & Associates, Chartered Accountants, as the company’s Internal Auditor for the financial year 2026-27.According to the company, the Board took action based on recommendations from the Nomination and Remuneration Committee. Ms. Nidhi Joshi (DIN: 11612459) has been appointed as a Non-Executive Independent Director, effective April 16, 2026. This directorship is set for a period of five consecutive years, subject to the approval...

Bandhan Mutual Fund Boosts Stake in Pennar Industries to 5.0469% Bandhan Mutual Fund has significantly increased its holding in Pennar Industries Limited, acquiring equity shares that boosted its stake to 5.0469% of the company's paid up capital and voting rights.The acquisition occurred on April 13, 2026. The stake increase was achieved through the scheme Bandhan Small Cap Fund, which acquired equity shares amounting to 0.0889% of Pennar Industries Limited. This transaction further solidifies Bandhan Mutual Fund's position in the company.According to the details provided, Bandhan Mutual Fund is not classified as a Promoter or Promoter group. The shares were acquired through the open market.The acquisition details and resulting...

Medico Remedies Ltd Pays Penalties to BSE and NSE Following Alleged Listing Non-Compliance Medico Remedies Ltd., a manufacturer of pharmaceutical formulations, confirmed it has settled penalties levied by both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) related to alleged non-compliance with listing regulations.The company received a Show Cause Notice (SoP) from both exchanges on February 20, 2026, concerning alleged non-compliance with Regulation 6(1) of the Listing Regulations. The respective waiver applications filed by the company were subsequently rejected by BSE and NSE.The financial details and timeline of the action are as follows:AuthorityDate of NoticeAlleged ViolationPenalty AmountWaiver...

Western Overseas Study Abroad Ltd Seals Student Recruitment Agreement with Algebra Bernays University, Croatia Western Overseas Study Abroad Limited, formerly known as Western Overseas Study Abroad Private Limited, has entered into a Student Recruitment Agreement with Algebra Bernays University, Croatia. This collaboration authorizes the company to act as a representative for the University, focusing on the recruitment, marketing, and facilitation of admissions for international students.Under the terms of the agreement, the company has secured a comprehensive mandate covering several key geographical areas across North India.The scope of the agreement's coverage includes:The entire Union Territory of Chandigarh. Selected cities...

Ansal Housing Receives Income Tax Demand for Assessment Year 2024-25 Ansal Housing Ltd. has reported the receipt of an Assessment Order and a Notice of Demand from the Income Tax Department concerning the assessment year 2024-25. The notice pertains to the Income-tax Act, 1961.The assessment proceedings resulted in a total demand of ₹19,20,46,800/-.The Assessment Order was passed under Section 143(3) read with Section 144B, accompanied by a Notice of Demand issued under Section 156 of the Income-tax Act, 1961. The Company received the order on March 27, 2026.The demand primarily stems from additions and disallowances made by the Income Tax Department. These adjustments relate to certain expenses, differences in income recognition...

Rashi Peripherals Approves Strategic Moves, Plans WOS in India and Singapore Rashi Peripherals Limited announced the outcome of its Board Meeting held on April 16, 2026. The meeting addressed several strategic business alignments, including the incorporation of a Wholly Owned Subsidiary (WOS) in India, establishing a step-down subsidiary in Singapore, and the acquisition of a stakes in RP Tech Electronics Limited.The Board approved the incorporation of Rashi Semiconductor Solutions Pvt. Limited in India as a WOS, facilitating strategic business alignments. Furthermore, the company received approval to establish a step-down subsidiary, Rashi Semiconductor Solutions Pte. Ltd., in Singapore.In a separate significant move, the Board...