Markets

CCI Approves Mega Merger: Solar, Pipe, and Metals Giants Merge to Create Industry Leader The Competition Commission of India (CCI) has cleared a significant corporate restructuring and combination involving several major players in India's renewable energy and infrastructure sectors. The approval paves the way for the formation of a large 'Merged Entity' that aims to consolidate multiple verticals under one umbrella.The proposed combination, approved under Section 311, involves Progressive Pipes Private Limited, Vishakha Renewables Private Limited (VRPL), Vishakha Renewables 1 Private Limited (VR1PL), Vishakha Metals Private Limited (VMPL), Vishakha Metals 1 Private Limited (VM1PL), and Vishakha Glass Private Limited (VGPL)...

Mos Utility Limited Board Approves Listing Migration and Re-Appoints Internal Auditors Mos Utility Limited announced key outcomes from its Board of Directors meeting held on April 20, 2026. The meeting addressed major corporate actions, including the planned migration of the company’s listing and the re-appointment of its internal auditor.The Board of Directors approved the migration of the listing and trading of the company’s equity shares. This migration is scheduled from the Emerge Platform of the National Stock Exchange of India Limited (NSE) to the Main Board of the National Stock Exchange of India Limited (NSE), and concurrently to the Main Board of the Bombay Stock Exchange (BSE). This process is contingent upon the approval of...

Indbank Merchant Banking Services Approves Financial Results for Year Ended March 31, 2026 Indbank Merchant Banking Services Limited announced that its Board of Directors, at a meeting held on April 20, 2026, considered and approved the audited financial results, cash flow statement, and auditors' report for the fiscal year ending March 31, 2026.The Company also reported that the statutory auditors have issued an unmodified opinion regarding the financial results for the period ending March 31, 2026.Financial Performance Overview The Statement of Audited Financial Results for the quarter ended March 31, 2026, showed various revenue streams. Total revenue from operations stood at Rs. 589.48 Lakhs for the three months ended March 31...

Kirloskar Pneumatic to Hold Board Meeting to Approve FY26 Financial Results and Recommend Dividend Kirloskar Pneumatic Company Ltd has announced that its Board of Directors will convene a meeting on Monday, April 27, 2026. The meeting is scheduled to review and approve the company's audited financial results for the quarter and the full year ended on March 31, 2026.Among the key agenda items for the meeting is the consideration and approval of the standalone and consolidated Audited Financial Results. Furthermore, the board is expected to make a recommendation regarding the final dividend, if any, to the equity shareholders.In related operational updates, Kirloskar Pneumatic Company Ltd also confirmed the status of its trading...

Patel Integrated Logistics Ltd. Announces Board Meeting for Financial Results of March 2026 Patel Integrated Logistics Ltd. has scheduled a Board Meeting of Directors to review the company's financial performance for the quarter and year ending 31st March, 2026. The meeting is set to take place on Tuesday, 12th May, 2026.During the meeting, the Board will consider and adopt the audited financial results, along with the corresponding audit report, for the period ended 31st March, 2026. A key item on the agenda is the consideration of the recommendation for a final dividend for the year ended 31st March, 2026, if applicable. The Board may also discuss any other matter with the permission of the Chairman.In addition to the results...

Prism Johnson Limited Appoints Mr. Sanjaykumar Shivajee Roy as Director and CEO Prism Johnson Limited has announced the appointment of Mr. Sanjaykumar Shivajee Roy as a Director, liable to retire by rotation, and Whole-time Director, designated as Executive Director & CEO (RMC). The appointment was approved by the company's shareholders following resolutions passed through a Postal Ballot conducted via remote e-voting, which concluded on April 17, 2025.Mr. Roy's appointment as Whole-time Director and Executive Director & CEO (RMC) is effective from March 2, 2026, and will be for a period of three years.In terms of compliance, the company confirmed that Mr. Sanjaykumar Shivajee Roy is not debarred from holding the office of Director...

Sona BLW Precision Forgings to Hold Board Meeting to Consider FY26 Results and Final Dividend Sona BLW Precision Forgings Ltd. has scheduled a meeting of its Board of Directors to review the company's financial performance and consider recommendations for the final dividend. The board meeting is set for Thursday, April 30, 2026.During this meeting, the board will address two primary agenda points concerning the financial year and quarter ending March 31, 2026.Key matters scheduled for consideration include:1. Consideration and approval of the audited standalone and consolidated financial results of the company for the quarter and financial year ended March 31, 2026. 2. Consideration and recommendation of the final dividend for the...

360 ONE’s Subsidiary Receives In-Principle Approval from IFSCA to Become Fund Management Entity 360 ONE WAM LIMITED announced that its subsidiary, 360 ONE Global Asset Management (IFSC) Limited (GAM), has received in-principle approval from the International Financial Services Centres Authority (IFSCA).GAM, which is a wholly owned subsidiary of 360 ONE Asset Management Limited (AMC) and a step-down wholly owned subsidiary of 360 ONE WAM LIMITED, has been granted this approval to function as a Fund Management Entity (Retail).The company stated that AMC will infuse the necessary capital into GAM. Following this, GAM will obtain its final registration certificate from the IFSCA and commence its asset and fund management business...

Energy in Motion and Drivn Partner to Deploy 1,000 Electric Heavy Duty Commercial Vehicles Energy in Motion Limited (EIM) and Drivn have signed a Memorandum of Understanding (MoU) aimed at deploying 1,000 electric heavy duty commercial vehicles across India. This strategic alliance combines vehicle supply, financing expertise, and energy solutions to bolster the large-scale electric fleet sector.Drivn, a specialized EV leasing platform for heavy commercial fleets, and Energy in Motion, an Original Equipment Manufacturer (OEM) noted for heavy-duty electric trucks featuring battery-swapping technology, will work together to facilitate the deployment of heavy-duty electric trucks nationwide.Under the terms of the partnership, the two...

TVS Motor Company Enters Zambian Market with Diverse Portfolio for African Expansion TVS Motor Company, a global manufacturer of two and three-wheelers, has announced its official entry into Zambia, signaling a strategic push to accelerate its presence across the African continent. To bolster its African footprint, the company appointed Zamoto Manufacturing Limited as its official distributor, thereby establishing a comprehensive network for sales, service, and spare parts across the nation.The move is positioned against the backdrop of Zambia's rapidly urbanizing demographic, a market noted for its potential for efficient personal and commercial mobility solutions. TVS is introducing a diverse lineup comprising eight products...

Amiable Logistics Defends Position Against Custom Department Show Cause Notice Amiable Logistics (India) Limited, acting as a custom house agent, has received a Show Cause Notice (SCN) from the Custom Department, Government of India. The notice pertains to a matter involving Amiable AC Emvee Impex and others, carrying SCN No. F. No. DRI/AZU/INV-22/2008/PART-I, originally dated 27/04/2010.The company submitted its defense, asserting that the liability alleged in the SCN does not lie upon Amiable Logistics (India) Limited. According to the company's statement, Amiable Logistics is merely registered as a Custom House Agent for various parties, and the company insists that its role is solely as an agent, not the principal in the...

Persistent Systems Ltd to Host Non-Deal Roadshow with Major Investors on April 23, 2026 Persistent Systems Ltd has scheduled a Non-Deal Roadshow in Mumbai for Thursday, April 23, 2026. The event will allow the company to interact with several major mutual funds and investment groups.The investor engagement follows an investor and analyst call that was held on Tuesday, April 21, 2026, covering the quarter and year ended March 31, 2026.During the Non-Deal Roadshow, the company will reiterate information provided during the prior investor call.The detailed schedule for the investor interactions on April 23, 2026, is as follows:Investor NameTime (IST)Type of SessionHDFC Life Insurance, HDFC Pension Fund8:30 amGroupHDFC...

Gayatri Projects Ltd Allots 10.9 Crore Equity Shares on Preferential Basis Gayatri Projects Ltd announced the allotment of 10,90,00,000 fully paid-up equity shares on a preferential basis. The allotment was approved by the Company's Issue & Allotment Committee during a meeting held on April 20, 2026.The transaction was based on the Company's Board Meeting held on September 25, 2025, and subsequent approval from shareholders at the Extraordinary General Meeting on October 23, 2025.The Company allotted 10,90,00,000 equity shares of face value of Rs. 2 each. The shares were issued at an issue price of Rs. 10 per share, which includes a premium of Rs. 8 per share. This allotment aggregates to a total amount of Rs. 109,00,00,000.Impact...

Tips Music to Host Q4 FY26 Earnings Conference Call on April 23 Tips Music Limited, previously known as Tips Industries Limited, has scheduled an earnings conference call to discuss its operational and financial performance for the fourth quarter and the year ending March 31, 2026.The investor call is slated for Thursday, April 23, 2026, at 5:00 PM IST.The event will feature key management personnel from the company, including Mr. Kumar S Taurani, Chairman & Managing Director; Mr. Girish Taurani, Executive Director & Chief Executive Officer; and Mr. Sushant Dalmia, Chief Financial Officer.The details of the earnings conference call are summarized below:AspectDetailCompanyTips Music LimitedEventQ4 FY26 Earnings Conference...

Indosolar Ltd Approves FY26 Financial Results and Appoints Key Officials Indosolar Ltd confirmed its financial results and key operational appointments following its Board Meeting held on April 20, 2026. The board reviewed the Standalone Audited Financial Results for the quarter and year ended March 31, 2026.The company also approved significant appointments in its leadership and audit functions, including a new independent director, a Chief Financial Officer, and reappointments of its internal and cost auditors for the financial year 2026-2027.Financial Results for the Year Ended March 31, 2026 The board approved the Standalone Audited Financial Results for the quarter and year ended March 31, 2026. Key performance metrics for the...

The Phoenix Mills Ltd Board Meeting Set for April 27 to Approve Q4 FY26 Financial Results The Phoenix Mills Ltd has announced that its Board of Directors Meeting is scheduled for Monday, April 27, 2026. The primary purpose of the meeting is to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2026.In conjunction with the financial result announcement, the Company also confirmed details regarding its trading window.The trading window for dealing in securities of The Phoenix Mills Ltd has been closed since Wednesday, April 01, 2026. Furthermore, the trading window will remain closed up to 48 hours following the declaration of the Financial...

Bandhan Bank to Host Earnings Call for Q4 and Financial Year 2026 Performance Bandhan Bank Ltd has scheduled an earnings conference call for analysts and institutional investors to review the bank's performance for the quarter (Q4) and the full Financial Year (FY) ended March 31, 2026.The detailed earnings call is set for Tuesday, April 28, 2026, providing stakeholders with insights into the bank's recent operational performance.Event Details and Timings The call will be held across multiple time zones, accommodating a global audience.Time ZoneLocal TimeIST (Indian Standard Time)17:00 hrs.HK / SG (Hong Kong / Singapore)19:30 hrs.London12:30 hrs.N.Y. / Washington / Boston07:30 hrs.Conference Call Access...

Indosolar Limited Approves FY2026 Financial Results and Key Board Appointments Indosolar Limited announced several key governance updates and approved its financial performance for the fiscal year ending March 31, 2026, following its Board of Directors meeting held on April 20, 2026. The company approved the standalone audited financial results for the quarter and the full year ended March 31, 2026.Governance and Key Appointments During the board meeting, the company took steps to strengthen its leadership and compliance structure. The board approved the appointment of Mr. Nilesh Bhogilal Gandhi (DIN: 03570656) as an additional Non-Executive, Independent Director, effective April 20, 2026. This appointment is subject to approval by...

Cholamandalam Allots 2,87,232 Equity Shares to Employees Under Stock Option Scheme Cholamandalam Investment and Finance Company Limited announced the allotment of 2,87,232 equity shares to its employees. The allotment pertains to shares received after employees exercised their options under the company's employee stock option scheme.The Nomination and Remuneration Committee of the Company has approved the distribution of the shares, each valued at Rs. 2/-.The company confirmed that following the allotment, Cholamandalam Investment and Finance Company Limited will proceed with applying for the final listing of the newly allotted shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This step is...

AVG Logistics Forms Joint Venture with Baidyanath LNG Private Limited AVG Logistics Limited has incorporated a Joint Venture Company in collaboration with Baidyanath LNG Private Limited. While the specific details regarding the business scope of the Joint Venture Company will be shared at a later date, the collaboration marks a strategic development for the company.The transaction involves the establishment of a joint venture, which is noted as a related party to AVG Logistics Limited. The primary business focus of the new entity will be in the Logistics sector.Details regarding the joint venture, including the target entity and transaction specifics, are outlined below:ParticularsDetailsTarget Entity NameCarbonlite Logistics...