Markets

Brookfield India REIT Issue Committee Approves Institutional Placement at ₹329.94 Per Unit Brookfield India Real Estate Trust (BIRET) announced that its Issue Committee of the Board of Directors of Brookprop Management Services Private Limited, the Manager, approved the key parameters for a fundraising through an institutional placement. The committee meeting was held on Thursday, April 16, 2026.The decision follows the approval granted to the raising of funds by BIRET’s unitholders at a meeting held on Tuesday, April 7, 2026, for an institutional placement of units.During its meeting on April 16, 2026, the Issue Committee made several critical approvals regarding the placement. The committee approved:1. The opening of the Issue...

DCX Systems Ltd Receives Purchase Order of INR 9.30 Crores from IAI-ELTA Systems Limited DCX Systems Ltd announced on April 16, 2026, the receipt of a purchase order from its customer. The order, received in the normal course of business, totals approximately INR 9.30 Crores.The transaction involves the manufacture and supply of Transmitter Receiver Modules. The purchase order was placed by IAI-ELTA Systems Limited, which is based in Israel.The details of the order are provided below:Sl. No.Nature of Order(s)Name of the CustomerOrder Value1Manufacture and supply of Transmitter Receiver ModuleIAI-ELTA Systems Limited, IsraelINR 9.30 CroresDCXINDIA Stock Price Movement Today, DCX Systems Limited shares edged higher to close...

One 97 Communications Approves Loan Conversion into Shares and Default Loss Guarantee One 97 Communications Limited announced the approval of two material corporate actions: converting an outstanding loan amount into equity shares of its step-down subsidiary, First Games Technology Private Limited (FGTPL), and providing a Default Loss Guarantee of up to ₹ 90 crore.The Company's board approved the conversion of a loan extended to FGTPL, which had previously discontinued its online real money gaming business.Conversion of Outstanding Loan into FGTPL Equity Shares First Games Technology Private Limited (FGTPL), a step-down subsidiary of the Company, discontinued its online real money gaming business effective August 25, 2025. The...

GTV Engineering Announces Preferential Issue of Equity Shares GTV Engineering Ltd announced a preferential issue of equity shares, approved by its Board and shareholders. The company decided to issue 39,42,047 equity shares with a face value of Rs. 2/- each.The decision was reached following a Board meeting held on March 23, 2026, and was subsequently approved by the shareholders at the Extra Ordinary General Meeting (EOGM) on April 16, 2026.The shares will be issued for a consideration other than cash. The total issue price is Rs. 59.65/- each, which includes a premium of Rs. 57.65/- over the face value.Financial details of the proposed preferential issue are as follows:DetailValueTotal Shares Issued39,42,047Face Value...

Emerald Finance Ltd Partners with Providence Outsourcing India for Early Wage Access Program Emerald Finance Ltd has announced a strategic partnership with Providence Outsourcing India Pvt. Ltd., based in Mohali, Punjab. The collaboration aims to launch the EarlyWage-Access program, providing a new financial service to employees of the partner company.The partnership is designed to offer instant financial relief by allowing employees to access a portion of their salaries seamlessly throughout the working month.In line with its broader vision to expand its service offerings and cater to a large retail customer base, Emerald Finance Ltd has been developing a specialized salary advance solution. This product model involves establishing...

Angel One Announces Q4 FY26 Results, Reports Growth Across Core and Emerging Businesses Angel One Limited, a leading FinTech platform, announced its audited consolidated financial results for the quarter and year ended March 31, 2026. The company reported key metrics demonstrating growth in client activity and revenues across its broking and distribution segments.Business Performance Highlights For the fourth quarter of fiscal year 2026 (Q4 '26), Angel One recorded significant increases in its top-line metrics compared to the preceding quarter (Q3 '26).Consolidated Total Gross Revenues grew 9.7% on a Quarter-on-Quarter (QoQ) basis, reaching ₹ 14,672 million in Q4 '26 from ₹ 13,377 million in Q3 '26.The consolidated EBITDA (EBDAT)...

Indian Bank Announces Changes in Senior Management Assignments Indian Bank has announced changes in the assignments of two of its senior functional heads, effective April 16, 2026. The adjustments involve Ms. Aruna M and Shri Vineet Bajpai, who are relocating to different key operational roles within the bank.The management changes detail specific role transitions and professional profiles for both individuals.The details of the assignments are as follows:NamePrevious AssignmentNew AssignmentBrief ProfileMs. Aruna MGeneral Manager, Corporate OfficeGeneral Manager, CO: KYCScience Graduate (B. Sc.) and a Certified Associate of Indian Institute of Bankers (CAIIB). She possesses over 38 years of rich banking experience.Shri...

Waaree Renewable Technologies Reports Stellar Financial Results for FY26, Driven by Solar Growth Waaree Renewable Technologies Limited, the solar EPC arm of the Waaree Group, has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported significant year-over-year growth in key metrics, underpinned by a robust order book and expanding into Battery Energy Storage Systems (BESS) and data centres.The company's financial performance highlights solid growth across the board, with revenue from operations reaching Rs. 3,331.42 crores for the fiscal year 2026 (FY26).Consolidated Financial Highlights The financial data for the full fiscal year and the fourth quarter of FY26 are detailed below...

Lemon Tree Hotels Ltd Receives Tax Order for Rs. 39,97,924/- from CGST Authority Lemon Tree Hotels Ltd recently received an order from the Office of the Assistant Commissioner of Central Goods & Service Tax, Delhi South Commissionerate. The order, received on April 16, 2026, raises a demand for tax, interest, and penalty under Section 50 and Section 74 of the CGST Act, 2017.The demand relates to the recovery of tax liability concerning the import of services under the reverse charge mechanism. This order covers the financial years spanning 2019-20 to 2023-24.According to the detailed information, the tax demand comprises the following key components:DetailDescriptionAmount/PeriodAuthority Issuing OrderOffice of the Central...

Jayaswal Neco Industries to Hold Board Meeting to Consider Audited Financial Results Jayaswal Neco Industries Limited has scheduled a Board Meeting of its Directors on Friday, April 24, 2026. The primary purpose of the meeting is to consider and approve the Audited Financial Results of the Company for the quarter and the financial year that concluded on March 31, 2026.The Company also announced the relevant trading window and closure period in connection with the Board's review of the financial outcomes.Market activity related to the results is slated to begin on Wednesday, April 1, 2026, and the closure period extends through Sunday, April 26, 2026.JAYNECOIND Stock Price Movement Today, Jayaswal Neco Industries Limited shares...

Cipla to Release Audited Q4FY26 Financial Results, Hosts Earnings Call on May 13 Cipla Ltd has announced the release of its audited financial results for the fourth quarter of the fiscal year 2026 (Q4FY26). The company has scheduled an earnings conference call for the management team to discuss the financial performance with stakeholders.The audited financial results are set to be released on May 13, 2026. The company will host the earnings conference call on the same day. During the call, the leadership team will discuss the financial performance and address questions from participants.The scheduled times for the conference call are detailed as follows:MetricDate and Time (IST)SST/HKTBSTUS ETDate and TimeMay 13, 2026, 1600 -...

Bharat Gears Ltd Chairman Files Appeal Regarding Passport Revocation, Assures Board of Continued Responsibilities Bharat Gears Ltd (BGL) has provided an update regarding the citizenship status of its Chairman and Managing Director, Mr. Surinder Paul Kanwar. The company confirmed that Mr. Kanwar has filed an appeal concerning the revocation of his passport.Previously, the Board of Directors held a meeting on January 23, 2026, after considering a legal opinion. The board concluded that the determination of the citizenship status of Mr. Surinder Paul Kanwar vests exclusively with the Central Government. Consequently, the company determined that until a direction or order is issued by the Central Government, his citizenship status remains...

Angel One Approves Audited Financial Results, Increases Borrowing Limits, and Funds Subsidiary Investments Angel One Limited recently disclosed key outcomes of its Board of Directors meeting, confirming the audited financial results for the quarter and financial year ended March 31, 2026. The company also approved significant capital raises, major investments in its wholly-owned subsidiaries, and increased borrowing limits under the Companies Act, 2013.Financial Performance Overview (FY 2026) The company presented audited consolidated and standalone financial results for the year ended March 31, 2026. The audited annual figures show the following key financial metrics:Consolidated Financial Results (Rs. in million)MetricQuarter...

Reliance Industries Allots 66,088 Shares Under Employees' Stock Option Scheme Reliance Industries Ltd has allotted a tranche of equity shares to employees under its structured compensation plan. The allotment, which took place on April 16, 2026, was executed pursuant to the Reliance Industries Limited Employees' Stock Option Scheme 2017.The company allotted a total of 66,088 equity shares. Each share allotted under the scheme has a face value of Rs. 10/-.The details of the share allotment are as follows:ParameterDetailCompanyReliance Industries LtdAllotment DateApril 16, 2026SchemeEmployees' Stock Option Scheme 2017Number of Shares Allotted66,088Face Value Per ShareRs. 10/-RELIANCE Stock Price Movement Today...

LIC Announces Ms. Mamta Meena's Elevation to Additional Director Role Life Insurance Corporation of India (LIC) announced the elevation of Ms. Mamta Meena to the position of Additional Director at the Zonal Training Centre in Bhopal. The change in senior management personnel was effective on April 16, 2026.Ms. Mamta Meena was previously serving as the Regional Manager (Personnel & Industrial Relations) at the Zonal Office in Kanpur. Her elevation marks a significant advancement within the Corporation's leadership structure.Ms. Meena joined the Corporation in 1992 as an Assistant Administrative Officer. Over a career spanning more than 34 years, she has accumulated extensive experience handling various critical administrative...

FSN E-Commerce Ventures Allots 1,55,000 Equity Shares Via Employee Stock Option Scheme FSN E-Commerce Ventures Ltd announced on April 16, 2026, the allotment of 1,55,000 Equity Shares. The allocation was executed by the company's Nomination and Remuneration Committee.The allotment stems from the exercise of vested stock options granted to employees under the Company's Employee Stock Option Scheme.Following the allotment of these Equity Shares, the issued and paid-up share capital of FSN E-Commerce Ventures Limited has increased. The company confirmed that the allotted shares will rank pari-passu with all existing Equity Shares of the Company in every respect.NYKAA Stock Price Movement Today, FSN E-Commerce Ventures Limited shares...

Nilesh Shukla Appointed Chief Financial Officer of EAAA Real Assets Managers Limited Anzen India Energy Yield Plus Trust’s investment manager, EAAA Real Assets Managers Limited (formerly Edelweiss Real Assets Managers Limited), announced the appointment of Mr. Nilesh Shukla as its new Chief Financial Officer (CFO) with immediate effect. The board of directors approved the appointment following recommendations from the Company’s Nomination and Remuneration Committee and Audit Committee, effective April 16, 2026.Mr. Nilesh Shukla’s appointment elevates him to the status of Key Managerial Personnel for the Company. The move strengthens the financial leadership team overseeing the investment manager for Anzen India Energy Yield Plus...

Eforu Entertainment Ltd Board to Meet on April 24 to Consider Preferential Fund Raising Eforu Entertainment Ltd, formerly known as Tavernier Resources Limited, has scheduled a meeting of its Board of Directors for Friday, April 24, 2026. The primary agenda item focuses on a proposal to raise capital through a preferential basis allotment of various securities.During the board meeting, the company plans to consider and, if deemed fit, approve the issuance of funds by way of equity shares, convertible instruments, or other eligible securities of the Company. These instruments are proposed to be allotted on a preferential basis to one or more persons.The board meeting is also slated to approve ancillary actions related to the...

National Company Law Tribunal Sanctions Amalgamation Scheme Involving R Systems International Limited The National Company Law Tribunal (NCLT), New Delhi Bench, has sanctioned a composite scheme of amalgamation involving R Systems International Limited. The order, issued on April 16, 2026, approves the merger of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited with R Systems International Limited.The tribunal sanctioned the composite scheme of amalgamation under Sections 230 to 232 of the Companies Act, 2013. Velotio Technologies Private Limited and Scaleworx Technologies Private Limited are jointly referred to as the Transferor Companies, while R Systems International Limited is the Transferee Company...

City Union Bank Ltd Opens Four New Branches Across Southern and Eastern India City Union Bank Ltd announced the opening of four new branches on April 16, 2026. With this expansion, the bank currently operates 953 branches in total.The new branches were established in locations spanning Kerala, West Bengal, and Andhra Pradesh.The details of the four newly opened branches are as follows:Sl. No.Name of the BranchBranch No.IFSC CodeAddress1Kakkanad96000965Door No: 3139 & 3140, J Tower, Opp. Prestige Hillside Gateway, Info Park Main Road, Kusumagiri, Kakkanad - 582 030, Ernakulam District, Kerala.2Thakurpukur96100966No. 3, M G Road, Lux Valley, Ward No. 114, Thakurpukur - 700 L04, Kolkata, West Bengal.3Shakespeare...