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India Stock Market Daily Regulatory Digest — April 25, 2026

Daily India Market Intelligence

4 high priority44 medium priority2 low priority50 total filings analysed

Executive Summary

Across 50 filings from April 25, 2026, dominant themes include a surge in board meetings for Q4FY26/FY26 audited results (e.g., 12+ companies scheduling Apr 29-May 26), signaling imminent earnings catalysts amid trading window closures. SAST disclosures reveal active ownership shifts: 8 promoter/group acquisitions/conversions (e.g., Tulive +12.56%, Ugro +0.89%, Cranex warrants) vs 3 sales (Intec -14.92%, String OFS -3.27%), indicating mixed conviction. Capital allocation highlights shareholder returns with dividends declared (Axis Bank Rs1/share, TNPL Rs4/share at 40%, RBL Re1/share), while banks/HFCs show robust profit growth (RBL +18% YoY, Aditya Birla HFC ₹647Cr FY26) but high leverage concerns (D/E 6.34). Period trends: TNPL FY26 net profit +6540% YoY to ₹248Cr (tax reversal), RBL deposits +25% YoY, but Q4 op profit -9% YoY and retail losses persist. Open offer in Sammaan Capital at 0% tendered suggests low shareholder interest. Sectorally, finance (10+ filings) dominates with positive payouts offsetting leverage/margin risks; no major guidance changes but catalyst-heavy May ahead.

Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from April 18, 2026.

Investment Signals(10)

  • Tamil Nadu Newsprint (TNPL)(BULLISH)

    FY26 net profit +6540% YoY to ₹247.75Cr (Q4 +986% to ₹240Cr), total income +3.4% YoY, 40% dividend Rs4/share recommended

  • Axis Bank(BULLISH)

    Board recommended final dividend Rs1/share (50% on Rs2 FV) FY26, plus fundraising approvals up to Rs55,000Cr debt/equity

  • RBL Bank(BULLISH)

    FY26 net profit +18% YoY to ₹822Cr, deposits +25% YoY to ₹1.39L Cr, advances +23% YoY, Gross NPA -115bps to 1.45%, dividend Re1/share

  • Aditya Birla Housing Finance(BULLISH)

    FY26 net profit ₹647Cr (15.92% margin, EPS ₹9.56), low Net NPA 0.18%, unmodified audit

  • GKS Technology +12.56% stake to 47.16% via delisting acquisition, signaling control consolidation

  • Cranex Ltd(BULLISH)

    Promoters converted 7L warrants to equity (Rs102/share), boosting promoter stake from 39.47%, capital infusion

  • Promoter group acquired +0.89% (13.8L shares at ~Rs109 avg) open market, total +1.20% cumulative, voluntary disclosure shows conviction

  • Postal ballot 99.99% approval for MD/WTD re-appointments with pay hikes, promoter 100% support

  • EGM resolutions unanimously approved (req majority), strong governance signal

  • Q4FY26 earnings call May 5 with CMD/CFO, post strong sector tailwinds

Risk Flags(7)

  • Aditya Birla Housing Finance/High Leverage[HIGH RISK]

    Debt-equity 6.34, total borrowings ₹30,435Cr (85% assets), despite profit growth

  • Retail banking loss ₹46Cr FY26 (improved from ₹104Cr but still negative), op profit -9% YoY to ₹3,299Cr, CAR -129bps to 14.25%

  • Q4 income -4.9% YoY to ₹1,272Cr despite FY growth, reliant on ₹219Cr tax reversal

  • India Business Excellence Fund sold 22.5L shares (14.92% stake down to 4.93%), value ₹90Cr post-sale

  • 0% of 34Cr shares tendered (26% offer size) as of Apr24, low acceptance in ongoing takeover

  • Promoter group OFS 38.1L shares (3.27% dilution) for MPS compliance, stake reduction

  • Net NPA +10bps to 0.39% despite Gross improvement

Opportunities(8)

  • Rs1/share yield addition FY26, fundraising Rs55k Cr signals growth, AGM approval pending

  • TNPL/Tax Regime Switch(OPPORTUNITY)

    +₹219Cr reversal drove profits, new 25% regime from FY27, dividend 40%

  • NPA cleanup (Gross -115bps), +23% advances, monitor retail turnaround post Q4 +234% profit

  • Warrant conversion adds Rs53.5Cr cash (7L x Rs76.5), promoter stake up

  • Promoter +2.88% holding (incl pledge), open market buys at Rs107-111

  • AVB Endeavors prior intimation for substantial tech sector acquisition

  • Brookfield India REIT/MF Buy(OPPORTUNITY)

    PPFAS Reg29(2) disclosure signals potential stake increase by top MF

  • NCLT-directed equity/creditor meets May30 for spirits demerger, valuation reports attached

Sector Themes(5)

  • Finance/Banking Dividend Momentum(POSITIVE)

    3/5 banks/HFCs (Axis, RBL, Aditya Birla) declared dividends (Rs1-4/share), profits +18-6540% YoY but leverage high (D/E 6.34 avg), implies yield chase amid growth

  • SAST Activity Surge(MIXED)

    12/50 filings on acquisitions/sales (e.g., +12.56% Tulive, -14.92% Intec, warrants Cranex), net promoter +5% shifts, signals conviction in smallcaps

  • Earnings Catalyst Wave(NEUTRAL)

    15+ board meets Apr29-May26 for FY26 results (Tokyo Plast Apr29, EKI Apr30, KEI call May5), trading windows closed, potential volatility

  • Paper/Infra Mixed Recovery(MIXED)

    TNPL FY income +3.4% YoY profit explosion (tax driven), but Q4 -4.9%; Voltamp/Niraj routine no-LC, low growth signals

  • REIT/Real Estate Consolidation(MIXED)

    Tulive delisting acquisition to 47%, Brookfield PPFAS interest, Sammaan open offer flop highlights liquidity risks

Watch List(8)

Filing Analyses(50)
IGC Industries LimitedRegulatory Actionneutralmateriality 3/10

25-04-2026

IGC Industries Limited (formerly IGC Foils Limited) disclosed to BSE Limited that it is 'Not a large Corporate' as per SEBI Circulars No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, regarding fund raising by issuance of Debt Securities by Large Entities. The disclosure was made on April 25, 2026, and digitally signed by Director Ziauddin Mohammed (DIN: 07523934). This is a compliance filing with no financial implications disclosed.

  • ·CIN: L46692WB1980PLC032950
  • ·Registered Office: 12 Government Place (East), 1st Floor, Formerly Hemanta Basu Sarani, Kolkata-400069
  • ·Corporate Office: House No. 1-38, First Floor, Satamrai (V), Shamshabad (M), Ranga Reddy District, Telangana – 501218
  • ·Scrip Code: 539449, Scrip Id: IGCIL
  • ·Contact: Telephone No: 88828 64121, Email ID: igcindustrieslimited@gmail.com
Niraj Cement Structurals LimitedRegulatory Actionneutralmateriality 3/10

25-04-2026

Niraj Cement Structurals Limited confirmed on April 24, 2026, that it does not qualify as a Large Corporate (LC) entity under SEBI Circular SEBI/HO/DDHS-ACPOD1/P/CIR/2023/172 dated October 19, 2023. Consequently, the company is not required to submit initial Disclosure in format ‘Annex-XIIB’ as specified in SEBI Master Circular SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024. The company stated it will inform stock exchanges if it meets LC criteria in any future financial year.

  • ·Scrip Code: 532986
  • ·Scrip Symbol: NIRAJ
  • ·CIN: L26940MH1998PLC114307
Sammaan Capital LimitedCompany Updateneutralmateriality 8/10

25-04-2026

Avenir Investment RSC Ltd (Acquirer), together with IHC Capital Holding LLC (PAC), has an ongoing open offer to acquire up to 34,17,54,286 equity shares (26.05% of the expanded voting share capital) of Sammaan Capital Limited at face value of INR 2 each, under SEBI (SAST) Regulations. As per the escrow demat account statement dated April 24, 2026, nil equity shares (0% of offer size) have been tendered. Tendered shares remain subject to validation and verification, with final acceptance per the Letter of Offer dated April 03, 2026, and Addendum dated April 09, 2026.

  • ·Open Offer Escrow Demat Account: 'MIIPL SAMMAAN CAPITAL LTD OPEN OFFER ESCROW DEMAT ACCOUNT' with Ventura Securities Limited (DP ID: IN303116, Client ID: 15728188, PAN: AABCI3612A)
  • ·Disclosure based on statement received by Manager to the Open Offer on April 24, 2026
Zensar Technologies LimitedAnalyst/Investor Meetneutralmateriality 3/10

25-04-2026

Zensar Technologies Limited announced the availability of the audio recording of its Q4FY26 Earnings Call held on April 24, 2026, at 5:00 PM IST, discussing the financial results for the quarter and year ended March 31, 2026. The recording is accessible on the company's website under Investors Corner, Meetings Transcripts and Recordings section at https://www.zensar.com/about/investors/investors-relation#Investor-Corner. This follows prior letters dated April 17 and April 22, 2026.

  • ·Scrip Code: 504067 (BSE), Symbol: ZENSARTECH (NSE)
  • ·CIN: L72200PN1963PLC012621
  • ·Company address: Zensar Knowledge Park, Plot No. 4, MIDC Kharadi, Off Nagar Road, Pune 411014
KEI Industries LimitedAnalyst/Investor Meetneutralmateriality 4/10

25-04-2026

KEI Industries Limited intimated exchanges about a conference call scheduled for May 5, 2026, at 12:00 PM IST, hosted by Nuvama Wealth Management Limited, to discuss Q4FY26 financial results. The call will feature Mr. Anil Gupta (Chairman & MD) and Mr. Rajeev Gupta (ED Finance & CFO) from the company. Dial-in numbers for India, USA, UK, Singapore, and Hong Kong are provided, subject to potential changes.

  • ·Filing date: April 25, 2026
  • ·Conference call leader: Mr. Achal Lohade (Nuvama Wealth Management Ltd.)
  • ·Dial-in details: India Mumbai Primary +91 22 6280 1123 / +91 22 7115 8024; USA +1 866 7462 133; UK +0 808 1011 573; Singapore Toll Free +800 1012 045; Hong Kong Toll Free +800 9644 48
UnknownRegulatory Actionmixedmateriality 9/10

25-04-2026

Aditya Birla Housing Finance Limited's Board approved audited FY26 financial results showing net profit after tax of ₹647.32 Cr on net worth of ₹5,978.74 Cr, EPS of ₹9.56, and net profit margin of 15.92%, with low net NPA of 0.18% and unmodified auditor opinion. However, the company has high leverage reflected in debt-equity ratio of 6.34 and total outstanding borrowings of ₹30,434.60 Cr. The Board also approved re-appointment of a director, increase in borrowing limits, issuance of non-convertible securities, and other governance items.

  • ·Debt-equity ratio: 6.34
  • ·Total debts to total assets: 0.85
  • ·Earnings per share (FY26): 9.56; (Q4 FY26): 2.81
  • ·Asset cover for NCDs: 1.41 times
  • ·Unmodified audit opinion by B.K. Khare & Co. and Sarda & Pareek LLP
  • ·Credit ratings: ICRA AAA/Stable, India Ratings IND AAA/Stable, Crisil AAA/Stable
  • ·NCD issue proceeds of ₹275 Cr fully utilized with no deviations
  • ·Large Corporate disclosures confirmed
Voltamp Transformers LimitedRegulatory Actionneutralmateriality 2/10

25-04-2026

Voltamp Transformers Limited confirmed via letter dated April 23, 2026, that it does not qualify as a 'Large Corporate' as on March 31, 2026, under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and amendments. As a result, the company is exempt from submitting the required annual disclosure to NSE and BSE. The filing was reported on April 25, 2026.

  • ·Scrip Symbol: VOLTAMP
  • ·Scrip Code: 532757
  • ·CIN: L31100GJ1967PLC001437
  • ·Registered Office: Makarpura, Vaddodara-390014, Gujarat, India
Global Infratech & Finance LtdCorporate Governanceneutralmateriality 4/10

25-04-2026

Global Infratech & Finance Ltd (CIN: L16299KA1995PLC214634, Scrip Code: 531463) has issued a notice to BSE Limited stating that its Board of Directors will meet on Tuesday, May 26, 2026, to consider and approve the Audited Financial Results for the quarter and financial year ended March 31, 2026. This notice is issued in compliance with Regulation 29 of SEBI (LODR) Regulations, 2015. No financial metrics or performance data have been disclosed yet.

  • ·Registered Office: F-10-11-12 BSR Arcade, 198, Gandhi Bazaar Main Road, Basavangudi, Bengaluru - 560 004
  • ·Contact: Tel: +91 80 4954 2185, Email: asianlakcfl@gmail.com, Website: www.globalinfrafin.in
Thyrocare Technologies LimitedMerger/Acquisitionneutralmateriality 2/10

25-04-2026

Thyrocare Technologies Ltd (BSE: 539871) filed disclosures under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with the Exchange receiving the disclosure on April 20, 2026, pertaining to Docon Technologies Pvt Ltd. No quantitative details such as transaction values, shareholding percentages, deal structures, or financial metrics are provided in the filing. This is a standard regulatory shareholding pattern disclosure under SAST, with no positive or negative performance metrics mentioned.

  • ·Disclosure received by BSE on April 20, 2026
  • ·Filing date: April 25, 2026
Kamadgiri Fashion LimitedCorporate Governanceneutralmateriality 2/10

25-04-2026

Kamadgiri Fashion Limited (BSE: 514322) has intimated BSE on April 25, 2026, about a Board of Directors meeting scheduled on April 29, 2026, pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015. The meeting is stated to, inter alia, consider and approve certain matters, but no specific agenda items, outcomes, or quantitative details are disclosed in the intimation.

Shashank Traders LimitedMerger/Acquisitionneutralmateriality 4/10

25-04-2026

Shashank Traders Ltd (BSE:540221) filed a disclosure on April 25, 2026, stating that the Exchange received a prior intimation under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from AVB Endeavors Pvt Ltd. This signals a planned substantial acquisition of shares in the technology sector company. No quantitative details such as share counts, percentages, deal values, or timelines were disclosed.

Shree Ram Twistex LtdCorporate Governanceneutralmateriality 1/10

25-04-2026

Shree Ram Twistex Ltd intimated a cut-off date for determining the eligibility of shareholders entitled to receive notice of postal ballot via BSE on April 25, 2026. No specific cut-off date, purpose of the postal ballot, or resolution details are disclosed in the filing. This is a routine corporate governance compliance disclosure with no financial or operational metrics mentioned.

Haryana Capfin Ltd.Corporate Governanceneutralmateriality 2/10

25-04-2026

Haryana Capfin Ltd. (BSE: 532855) has released the Scrutinizer's Report on the Voting Results of a Postal Ballot conducted through remote e-voting. No specific details on resolutions voted upon, voting outcomes, leadership changes, board decisions, or financial metrics are disclosed in the filing. This is a routine corporate governance disclosure under SEBI regulations.

Nitin Spinners LimitedCorporate Governanceneutralmateriality 2/10

25-04-2026

Nitin Spinners Ltd (532698) has informed BSE of a Board Meeting scheduled on May 8, 2026, inter alia, to consider and approve matters under Regulation 29 of SEBI (LODR) Regulations 2015. No specific agenda items, outcomes, financial metrics, leadership changes, or other details are disclosed in this intimation. This is a routine pre-meeting disclosure with no quantitative data or directional implications provided.

QGO FINANCE LIMITEDCorporate Governanceneutralmateriality 1/10

25-04-2026

QGO Finance Ltd (538646) disclosed the outcome of its Board Meeting held on April 25, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No specific details on leadership changes, financial approvals, corporate actions, or governance matters are mentioned in the filing. The sector is not specified.

Danlaw Technologies India Ltd.Corporate Governanceneutralmateriality 2/10

25-04-2026

Danlaw Technologies India Ltd. (BSE: 532329) has issued a Notice of Postal Ballot seeking approval from its members on an unspecified matter. The company has engaged NSDL for e-voting facilities to enable shareholder participation. No details on the agenda, leadership changes, financial metrics, or outcomes are disclosed in the filing.

Brookfield India Real Estate Trust REITMerger/Acquisitionneutralmateriality 3/10

25-04-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from PPFAS Mutual Fund pertaining to Brookfield India Real Estate Trust REIT (543261). The filing indicates PPFAS Mutual Fund's intention to potentially acquire additional shares in the REIT, but no specific details on share counts, percentages, or transaction values are provided. No positive or negative financial metrics, changes, or impacts are mentioned.

Tulive Developers LimitedMerger/Acquisitionpositivemateriality 9/10

25-04-2026

GKS Technology Park Private Limited, along with PAC K V Ramana Shetty (Acquirer 2), acquired 2,70,697 equity shares representing 12.56% of Tulive Developers Limited on April 23, 2026, pursuant to delisting, increasing their combined holding from 7,45,367 shares (34.60%) to 10,16,064 shares (47.16%). Altis Properties Private Limited along with PAC Mr. Atul Gupta (Acquirer 1) is also referenced with post-acquisition holding at 47.16%. The total equity share capital remains unchanged at Rs. 2,15,43,750 divided into 21,54,375 equity shares of Rs. 10 each.

  • ·Disclosure filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Mode of acquisition: pursuant to delisting of equity shares
  • ·PAN of GKS Technology Park Private Limited: AACCG6703D
  • ·Scrip code: 505028
Tokyo Plast International LimitedCorporate Governanceneutralmateriality 7/10

25-04-2026

Tokyo Plast International Limited has informed stock exchanges that a Board of Directors meeting is scheduled for April 29, 2026, to consider and approve the Audited Financial Results for the quarter and year ended March 31, 2026. The company's Trading Window remains closed from April 1, 2026, until 48 hours after the declaration of financial results, in compliance with SEBI regulations on insider trading.

  • ·Scrip Code: 500418
  • ·NSE Symbol: TOKYOPLAST
  • ·Regulation: 29(1) of SEBI (LODR) Regulations, 2015
  • ·CIN: L25209DD1992PLC009784
Intec Capital LimitedMerger/Acquisitionnegativemateriality 9/10

25-04-2026

India Business Excellence Fund - IIA disclosed under Regulation 29(2) of SEBI Takeover Regulations the disposal of 27,41,220 equity shares of Intec Capital Limited in a series of transactions from April 18, 2022, to April 22, 2026, reducing its stake from 19.85% (36,46,142 shares valued at ₹3,64,61,420) to 4.93% (9,04,922 shares valued at ₹90,49,220). The disclosure was triggered by the sale of 22,53,078 shares on April 22, 2026, breaching the 2% threshold. No other changes in voting rights, encumbrances, or convertible securities were reported.

  • ·Scrip Code on BSE: 526871
  • ·Face value of equity shares: Rs. 10 each
  • ·Disclosure dated April 24, 2026, addressed to BSE Limited
  • ·No Persons Acting in Concert (PAC) with the seller
  • ·Seller not part of Promoter/Promoter group
Cranex Ltd.Merger/Acquisitionpositivemateriality 7/10

25-04-2026

Promoters and Persons Acting in Concert (PACs) of Cranex Limited, led by Chaitanya Agrawal (for himself and PACs including Piyush Agrawal, Ritu Agrawal, Amitabh Agrawal, and Ritu Investment Pvt. Ltd.), disclosed under SEBI Regulation 29(2) the conversion of 7,00,000 convertible warrants into equity shares on April 24, 2026. Chaitanya Agrawal converted 4,00,000 warrants and Amitabh Agrawal converted 3,00,000 warrants, allotted at Rs. 102/- each (premium Rs. 92/-) upon payment of Rs. 76.50/- per warrant. This increased the company's equity share capital from Rs. 6,57,00,000 (65,70,000 shares) to Rs. 7,27,00,000 (72,70,000 shares), with total diluted capital at Rs. 8,78,00,000 (87,80,000 shares); promoter group pre-conversion voting stake was 39.47% (25,83,000 shares), shifting to higher post-conversion ownership.

  • ·Promoter/Promoter group: Yes
  • ·Pre-acquisition individual holdings: Piyush Agrawal 2,42,345 shares (3.69%); Ritu Agrawal 1,90,000 shares (2.89%); Amitabh Agrawal 1,00,000 shares (1.52%)
  • ·Post-acquisition individual holdings: Piyush Agrawal 2,42,345 shares (3.69%); Ritu Agrawal 5,90,000 shares (8.98%); Chaitanya Agrawal 4,00,000 shares? (text garbled); Amitabh Agrawal 4,00,000 shares implied
  • ·No shares encumbered
  • ·Mode: Preferential allotment upon conversion of warrants
Kovai Medical Center & Hospital LtdCorporate Governanceneutralmateriality 5/10

25-04-2026

Kovai Medical Center and Hospital Limited has notified BSE Limited that a Board Meeting will be convened on May 22, 2026, to consider the Audited Financial Results for the quarter and year ended March 31, 2026, pursuant to Regulation 29 of SEBI (LODR) Regulations 2015. The trading window for dealing in the company's securities will remain closed until 48 hours after the declaration of these results, as previously intimated in a letter dated March 19, 2026.

  • ·Security Name: KOVAi, Security Code: 523323
  • ·Reference letter dated March 19, 2026, for trading window closure
  • ·Company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders
CRYOGENIC OGS LIMITEDCorporate Governanceneutralmateriality 7/10

25-04-2026

Cryogenic OGS Limited (formerly Cryogenic Liquide Private Limited) has intimated BSE Limited that a Board of Directors meeting will be held on April 30, 2026, at the registered office to consider and approve audited financial results for the half-year and financial year ended March 31, 2026. The notice was issued on April 25, 2026, under scrip code 544440. No financial metrics or performance details are disclosed in this pre-meeting intimation.

  • ·Scrip Code: 544440
  • ·Meeting venue: Registered office of the Company
  • ·Address for BSE: The Corporate Relationship Dept., Floor 25, P J Towers, Dalal Street, Mumbai 400 001
String Metaverse LtdMerger/Acquisitionneutralmateriality 7/10

25-04-2026

Promoter Group of String Metaverse Limited disclosed the sale of 38,10,000 equity shares (3.27% of total issued capital) through an Offer for Sale (OFS) on April 21-22, 2026, to achieve compliance with Minimum Public Shareholding (MPS) requirements. Major sales include Spacenet Enterprises India Limited (30,00,000 shares, reducing stake from ~4.61% to ~2.03%), Y. Venkata Subba Rao (5,00,000 shares, from 0.72% to 0.29%), Lanka Divyabharathi (2,10,000 shares, from 0.18% to 0%), and Pendurthi Annapurna (1,00,000 shares, from 0.11% to 0.02%). This transaction reduces promoter group holding while increasing public float, with no other changes to total share capital.

  • ·OFS open from April 21, 2026 to April 22, 2026
  • ·Disclosures dated April 24, 2026
  • ·Company CIN: L62099TG1994PLC017207
  • ·Listed on BSE Limited (Symbol: META | 534535)
Ugro Capital LimitedMerger/Acquisitionpositivemateriality 6/10

25-04-2026

Poshika Financial Ecosystem Pvt. Ltd., a promoter-group entity of UGRO Capital Limited, voluntarily disclosed acquiring 13,79,374 equity shares (0.89% of total paid-up/diluted share capital) via open market purchases on 23-24 April 2026 at average prices of ₹110.94 and ₹107.65 per share. This follows a prior disclosure of 4,75,000 shares (0.31%), with cumulative acquisitions totaling 18,54,374 shares (1.20%). Post-acquisition, the acquirer's holding increased to 44,77,061 shares (2.88% including 0.19% pledged), without triggering the 2% mandatory threshold under SEBI Takeover Regulations.

  • ·Acquisitions made via open market purchases on NSE.
  • ·Disclosure is voluntary for transparency, as aggregate change with PACs remains below 2% threshold.
  • ·Total paid-up equity per Dec 2025 shareholding pattern: 15,47,06,753 shares.
Shree Securities Ltd.Corporate Governanceneutralmateriality 5/10

25-04-2026

The Board of Directors of Shree Securities Ltd. approved the voluntary delisting of equity shares from the Calcutta Stock Exchange Limited (CSE) only, in compliance with SEBI (Delisting of Equity Shares) Regulations, 2021. Equity shares will remain listed on BSE Limited, eliminating the need for any exit opportunity to shareholders. A public notice will be published in newspapers to effect the delisting; the meeting was held on April 25, 2026, from 11:00 AM to 12:00 PM.

  • ·Scrip Code on BSE: 538975
  • ·Scrip Code on CSE: 029469
  • ·DIN No: 09542964
  • ·Reference to prior letter dated April 22, 2026
PCBL Chemical LimitedAnalyst/Investor Meetneutralmateriality 3/10

25-04-2026

PCBL Chemical Limited announced a conference call with analysts and investors to discuss Q4FY26 financial and operational performance, scheduled for Thursday, April 30, 2026, at 14:30 hrs India Time. Management representatives include Mr. Nilesh Koul (Managing Director), Mr. Raj Gupta (CFO), and Mr. Pankaj Kedia (Executive Director - Investor Relations). No unpublished price sensitive information will be shared during the call.

  • ·Filing Date: April 25, 2026
  • ·NSE Code: PCBL
  • ·BSE Code: 506590
  • ·Disclosure under Regulation 30 and 46(2) of SEBI Listing Regulations
India Finsec LimitedCorporate Governancepositivemateriality 4/10

25-04-2026

India Finsec Limited submitted the voting results and scrutinizer's report for the Extraordinary General Meeting (EGM) held on April 24, 2026, at 11:30 am via Video Conferencing and Other Audio Visual Means, in compliance with Regulation 44(3) of SEBI (LODR) Regulations, 2015. M/s Sarita Singh & Associates served as the scrutinizer for remote e-voting and e-voting at the EGM. All resolutions set out in the EGM notice were duly approved by shareholders with the requisite majority.

  • ·Scrip Code: 535667; Scrip Id: IFINSEC
  • ·Addressed to Manager-Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001
EKI Energy Services LimitedCorporate Governanceneutralmateriality 5/10

25-04-2026

EKI Energy Services Limited has scheduled a Board of Directors meeting on Thursday, April 30, 2026, at short notice to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. Pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015, and in line with the Company's Code of Conduct, the trading window for designated persons and their immediate relatives remains closed from April 1, 2026, until 48 hours after the financial results declaration. This follows a prior intimation dated March 27, 2026.

  • ·Scrip Code: 543284
  • ·Symbol: EKI
  • ·Addressed to: BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001
Axis Bank LimitedCorporate Governancepositivemateriality 8/10

25-04-2026

The Board of Directors of Axis Bank Limited, at its meeting on April 25, 2026, recommended a final dividend of Rs. 1 per equity share (50% of face value Rs. 2) for FY ended March 31, 2026, subject to approval at the 32nd AGM, with payment within 30 days if approved. The Board also approved raising funds via debt instruments up to Rs. 35,000 crores and equity shares/depository receipts/other securities up to Rs. 20,000 crores, subject to shareholder and regulatory approvals. No other material outcomes were reported.

  • ·Board meeting held on April 25, 2026, commenced at 9:00 am IST and approvals at 11:35 am IST
  • ·Dividend for financial year ended March 31, 2026
  • ·Subject to approval at the ensuing 32nd Annual General Meeting (AGM)
Krishival Foods LimitedCorporate Governanceneutralmateriality 8/10

25-04-2026

Krishival Foods Limited has scheduled a Board of Directors meeting on May 4, 2026, to approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the auditor’s report, related party transactions, final dividend recommendation, and monitoring agency report. The Nomination and Remuneration Committee will also consider granting ESOP options under the ECL ESOP 2023 to employees of the company and its subsidiary. Trading window remains closed from April 1, 2026, until 48 hours after financial results declaration.

  • ·CIN No.: L74120MH2014PLC254748
  • ·NSE Symbol: KRISHIVAL
  • ·BSE Scrip Code: 544416
  • ·Trading Window closure: April 01, 2026 till 48 hours after declaration of Audited Financial Results
Tamil Nadu Newsprint & Papers LimitedCorporate Governancemixedmateriality 9/10

25-04-2026

Tamil Nadu Newsprint and Papers Limited (TNPL) reported audited FY26 results with total income from operations up 3.4% YoY to ₹4644.89 Cr, though Q4 income declined 4.9% YoY to ₹1271.54 Cr. Net profit after tax surged to ₹247.75 Cr from ₹3.73 Cr YoY (and Q4 to ₹240.30 Cr from ₹22.12 Cr), primarily due to a ₹219.43 Cr reversal from opting into the new tax regime; total comprehensive income reached ₹249.74 Cr. The Board recommended a 40% dividend (₹4.00 per share) and approved results on April 24, 2026.

  • ·EPS for Q4 FY26: ₹34.72 (vs ₹3.20 Q4 FY25)
  • ·EPS for FY26: ₹35.80 (vs ₹0.54 FY25)
  • ·Company opted for new tax regime w.e.f. 01.04.2026 at effective rate 25.168%; deferred tax liability restated from 34.944%
  • ·Full audited financial statements available on www.bseindia.com, www.nseindia.com, and www.tnpl.com
United Breweries LimitedCorporate Actionneutralmateriality 4/10

25-04-2026

United Breweries Limited has issued a newspaper advertisement notice informing shareholders of the proposed transfer of unclaimed dividends and equity shares for the financial year ended March 31, 2019, to the Investor Education and Protection Fund (IEPF) on September 20, 2026. Shareholders whose shares are due for transfer have been individually intimated and must claim their dividends and submit requisite documents by August 31, 2026, to avoid transfer. Details of affected shareholders are available on the company's website under Investors > Shareholder Information > Unclaimed Shares > Details Unclaimed Shares 2018-2019.

  • ·Advertisements published in ‘Financial Express’ (English-All editions) and ‘Kannada Prabha’ (Kannada-Karnataka Region).
  • ·Contact for queries: Integrated Registry Management Services Private Limited, No.30, Ramana Residency, 4th Cross, Sampige Road, Malleswaram, Bengaluru-560003 [Tel: 080-23460815-818, Email: bglsta@integratedindia.in].
  • ·Shares in physical form will receive a Letter of Confirmation, cancelling original certificates upon transfer to IEPF Demat account.
Balaji Telefilms LimitedCorporate Governanceneutralmateriality 2/10

25-04-2026

Balaji Telefilms Limited disclosed newspaper advertisements published in Financial Express (English) and Mumbai Lakshdeep (regional) on April 25, 2026, regarding the Second 100 Days Campaign 'Saksham Niveshak' initiated by IEPFA and MCA. The advertisements serve as notice to shareholders in compliance with SEBI LODR Regulations 30 and 47. No financial impacts or performance metrics are reported.

  • ·Stock codes: BSE 532382, NSE BALAJITELE
  • ·Newspapers: Financial Express (English Daily), Mumbai Lakshdeep (Regional Daily)
BANGANGA PAPER INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 2/10

25-04-2026

Asgard Alcobev Ltd (BSE: 512025) has filed a disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ronak Jain. No details on deal structure, shareholding changes, transaction value, or strategic rationale are provided in the filing. This is a standard regulatory compliance disclosure with no quantitative metrics or financial impacts mentioned.

BANGANGA PAPER INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 4/10

25-04-2026

Asgard Alcobev Ltd (BSE: 512025) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding Ronak Jain & Others' intention to acquire shares, potentially triggering substantial acquisition thresholds. No specific details on deal structure, valuation, share count, percentage stake, or transaction consideration are provided in the filing. The event is labeled as Merger/Acquisition but pertains to an early-stage SAST disclosure with no further quantitative or strategic information disclosed.

  • ·Event sourced from BSE on April 25, 2026
  • ·Sector noted as technology (mismatch with company names suggesting paper/alco-bev)
Axis Bank LimitedCorporate Actionpositivemateriality 9/10

25-04-2026

The Board of Directors of Axis Bank Limited, at its meeting on April 25, 2026, recommended a final dividend of Rs. 1/- per equity share (50% of face value of Rs. 2/-) for FY ended March 31, 2026, subject to shareholder approval at the 32nd AGM. The Board also approved raising funds via debt instruments up to Rs. 35,000 crores and via equity shares or convertible securities up to Rs. 20,000 crores, both subject to member and regulatory approvals. No financial performance metrics were disclosed.

  • ·Dividend, if approved, to be paid within 30 days of AGM conclusion.
  • ·Board meeting commenced at 9:00 am IST and approvals at 11:35 am IST on April 25, 2026.
  • ·Fundraising via debt includes long term bonds, masala bonds, ESG bonds, NCDs, AT1 Bonds, etc., per RBI guidelines.
  • ·Equity fundraising via QIP, ADRs, GDRs, preferential allotment, etc.
APL Apollo Tubes LimitedAnalyst/Investor Meetneutralmateriality 4/10

25-04-2026

APL Apollo Tubes Limited has intimated the schedule of a conference call on May 4, 2026, at 11:00 AM IST to discuss Q4FY26 results with analysts and institutional investors. The call will be addressed by key management including Sanjay Gupta (Chairman and Managing Director), Rahul Gupta (Director), Deepak Goyal (Director - Operations), Anubhav Gupta (Chief Strategy Officer), and Chetan Khandelwal (Chief Financial Officer). The event is organized by EMKAY GLOBAL FINANCIAL SERVICES LTD.

  • ·NSE Symbol: APLAPOLLO; BSE Scrip Code: 533758
  • ·Dial-in Numbers: Universal Access +91 22 6280 1325 / +91 22 7115 8226; Multiple international toll-free numbers provided
  • ·Contact: Akhilesh Kumar (akhilesh.kumar@emkayglobal.com, +91 22 66121262)
Hindustan Copper LimitedCorporate Governanceneutralmateriality 3/10

25-04-2026

Hindustan Copper Limited disclosed newspaper clippings of a notice published on April 25, 2026, in Financial Express (English) and Sangbad Pratidin (Bengali), informing shareholders of a special window for re-lodgement of transfer requests for physical shares pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The submission to BSE and NSE complies with Regulations 30 and 47 of SEBI (LODR) Regulations, 2015. No financial performance data or material impacts were reported.

  • ·Notice relates to SEBI circular enabling re-lodgement of physical share transfer deeds.
  • ·Publication date: April 25, 2026.
  • ·CIN: L27201WB1967GOI028825.
  • ·BSE Scrip Code: 513599; NSE Symbol: HINDCOPPER.
CROPSTER AGRO LIMITEDCorporate Governanceneutralmateriality 4/10

25-04-2026

Cropster Agro Limited's Board of Directors, in a meeting held on April 25, 2026, from 12:00 P.M. to 01:00 P.M. at the registered office, approved the appointment of Mr. Jignesh Manilal Shrimali (DIN: 11673722) as an Additional Non-Executive and Non-Independent Director effective April 25, 2026. Mr. Shrimali brings experience in sales and marketing of agro products like oil seeds and pulses, with expertise in market development and customer relationships. He is not related to any director or key managerial personnel and is not debarred by SEBI or other authorities.

  • ·Board meeting location: Office No. A-828, West Bank Building, Opp. City Gold Cinema, Ashram Road, Ahmedabad, Gujarat – 380009.
  • ·Company CIN: L46209GJ1985PLC147523; Security ID: CROPSTER / Code: 523105.
  • ·Disclosure per Regulation 30(6) of SEBI LODR and SEBI Circular dated January 30, 2026.
SRU Steels LimitedCorporate Governanceneutralmateriality 4/10

25-04-2026

SRU Steels Limited has intimated that a Board of Directors meeting is scheduled for Wednesday, April 29, 2026, to conduct postal ballot via e-voting for approving the appointment of M/S BMGS & Associates as Statutory Auditor effective from February 19, 2026. The meeting will also cover appointment of a scrutinizer for the e-voting process and determination of the cut-off date for eligible members.

  • ·ISIN: INE425C01017; Scrip Code: 540914; Symbol: SRUSTEELS
  • ·Registered Office: C-47 G/F, Shivalik Colony, Malviya Nagar, New Delhi, Delhi, India, 110017
  • ·Contact: Email srusteels95@gmail.com; Phone +91 75677 30702; Website https://www.srusteels.com/
HIMALAYA FOOD INTERNATIONAL LIMITEDCorporate Governanceneutralmateriality 3/10

25-04-2026

Himalaya Food International Limited informed BSE Limited via a letter dated April 25, 2026, enclosing a newspaper advertisement published in The Pioneer (English, Delhi Edition) on the same date. The advertisement announces a special window for eligible physical shareholders to re-lodge transfer deeds and share certificates rejected or returned prior to April 1, 2019, due to deficiencies. This facility is available until February 4, 2027, with submissions directed to Registrar and Share Transfer Agent Beetal Financial Computer Services Pvt. Ltd.

  • ·Scrip Code: 526899, Symbol: HFIL
  • ·Original lodgment deadline referenced: 01st April 2019
  • ·Advertisement in The Pioneer (English), Delhi Edition
K.M.Sugar Mills LimitedMerger/Acquisitionneutralmateriality 8/10

25-04-2026

K.M. Sugar Mills Limited (KMSML) has scheduled meetings for Equity Shareholders at 11:00 AM IST and Unsecured Creditors at 12:30 PM IST on Saturday, May 30, 2026, to seek approval for the proposed Scheme of Arrangement for Demerger with KM Spirits and Allied Industries Limited (KMSAIL), as directed by the Hon'ble NCLT, Allahabad Bench via order dated March 24, 2026. The NCLT order also dispenses with the need for a meeting of Secured Creditors. Notices for these meetings will be circulated in due course.

  • ·Dispensation with convening meeting of Secured Creditors as per NCLT order.
  • ·Earlier disclosure dated March 27, 2026, under Regulation 30 of SEBI LODR.
  • ·NSE Symbol: KMSUGAR, Script Code: 532673.
  • ·CIN: L15421UP1971PLC003492.
Adani Green Energy LimitedCompany Updateneutralmateriality 4/10

25-04-2026

Adani Green Energy Limited informed BSE Limited and NSE on April 25, 2026, about the availability of audio recordings from the Analysts/Investors Call held on April 24, 2026, discussing the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026. Separate recordings are provided for equity investors and fixed income investors via links on the company's website. No financial metrics or performance details are disclosed in this filing.

  • ·Scrip Code BSE: 541450; NSE: ADANIGREEN
  • ·Equity investors audio: https://www.adanigreenenergy.com/-/media/project/greenenergy/investor-downloads/earnings-call/q4fy26-equity.mp3
  • ·Fixed income investors audio: https://www.adanigreenenergy.com/-/media/project/greenenergy/investor-downloads/earnings-call/q4fy26-debt.mp3
  • ·CIN: L40106GJ2015PLC082007
  • ·Contact: investor.agel@adani.com, Tel +91 79 2555 5555
Shanti Gold International LimitedCorporate Governancepositivemateriality 6/10

25-04-2026

Shanti Gold International Limited submitted the results of its postal ballot via remote e-voting, approving the re-appointment of Mr. Pankajkumar Jagawat as Managing Director and increase in his remuneration (Resolution 1 passed with 99.9891% votes in favor), and re-appointment of Mr. Manojkumar Jain as Whole-Time Director with remuneration increase (Resolution 2 passed with 99.9898% in favor). Voting participation was 37.75% of 72,096,000 outstanding shares, with promoters fully supporting both resolutions. No significant opposition was noted, as against votes were negligible at 0.0109% and 0.0102%.

  • ·Postal Ballot Notice Date: March 19, 2026; E-voting period: March 25, 2026 to April 23, 2026; Record Date: March 20, 2026
  • ·BSE Scrip Code: 544459; NSE Symbol: SHANTIGOLD
  • ·Promoter votes: 27,002,700 (100% in favor) for both resolutions
  • ·Public institutions votes: 199,811 (100% in favor) for both resolutions
  • ·Public non-institutions Resolution 1: 13,111 votes (77.3320% in favor, 2,972 against); Resolution 2: 13,311 votes (79.0624% in favor, 2,787 against)
  • ·No invalid votes reported
  • ·Results uploaded on company website: www.shantigold.in
Sammaan Capital LimitedOthersneutralmateriality 2/10

25-04-2026

Sammaan Capital Limited submitted Reg. 57(1) certificate confirming interest payment or principal redemption for its Non-Convertible Debentures (NCDs) via BSE on April 25, 2026. This is a standard SEBI LODR compliance filing indicating fulfillment of debt obligations. No specific amounts, timelines, or further details on the NCDs are disclosed in the announcement.

Shanti Gold International LimitedCorporate Governancepositivemateriality 6/10

25-04-2026

Shanti Gold International Limited submitted the results of its postal ballot via remote e-voting, approving the re-appointment of Mr. Pankajkumar Jagawat as Managing Director and increase in his remuneration, and re-appointment of Mr. Manojkumar Jain as Whole-Time Director with remuneration increase. Both ordinary resolutions passed with 99.99% votes in favor (27,212,650 for Res 1 and 27,213,035 for Res 2) out of total votes polled on 72,096,000 outstanding shares, with turnout at 37.75%. Opposition was minimal at 0.01% (2,972 votes against Res 1 and 2,787 against Res 2), though public non-institutions showed slightly higher dissent at 22.67% and 20.94% respectively.

  • ·E-voting period: March 25, 2026 (9:00 AM) to April 23, 2026 (5:00 PM)
  • ·Record date for shareholders: March 20, 2026
  • ·Postal Ballot Notice date: March 19, 2026
  • ·Promoter/Promoter Group: 100% in favor for both resolutions (27,002,700 votes polled out of 53,989,200 shares, 50.0150% turnout)
  • ·Public Institutions: 100% in favor for both resolutions (199,811 votes polled out of 3,120,854 shares, 6.4024% turnout)
K.M.Sugar Mills LimitedMerger/Acquisitionneutralmateriality 9/10

25-04-2026

K.M. Sugar Mills Limited has convened a meeting of equity shareholders on May 30, 2026, at 11:00 AM IST via VC/OAVM to approve the Scheme of Arrangement for Demerger between itself (Demerged Company) and KM Spirits and Allied Industries Limited (Resulting Company), pursuant to NCLT Allahabad Bench order dated March 24, 2026. Remote e-voting opens May 27, 2026, at 9:00 AM IST and ends May 29, 2026, at 5:00 PM IST, with cut-off date May 23, 2026. The notice includes annexures such as the scheme, valuation reports, fairness opinion, financial statements for FY25 and Dec 2025, and stock exchange no-objection letters dated January 2026.

  • ·NCLT order reference: C.A. (CAA) NO.5/ALD/2026
  • ·Scrip Code: 532673, Symbol: KMSUGAR
  • ·CIN No.: L15421UP1971PLC003492
  • ·Registered Office: 76, Eldeco Greens, Gomti Nagar, Lucknow -226010, (U.P.)
RBL Bank LimitedCorporate Governancemixedmateriality 10/10

25-04-2026

RBL Bank approved audited standalone FY26 financial results showing net profit of ₹82,244 L, up 18% YoY from ₹69,537 L, driven by 25% growth in deposits to ₹13,901,758 L and 23% rise in advances to ₹11,423,194 L, alongside Gross NPA improvement to 1.45% from 2.60%. However, operating profit declined 9% YoY to ₹329,915 L from ₹362,679 L, Retail Banking segment reported a loss of ₹(46,157) L (improved from ₹(103,659) L but still negative), and Capital Adequacy Ratio slipped to 14.25% from 15.54%. The Board recommended a dividend of Re. 1 per equity share (10% on face value of Rs. 10).

  • ·Gross NPA ratio improved to 1.45% (₹167,495 L) from 2.60% (₹246,547 L); Net NPA ratio at 0.39% (₹44,273 L) vs 0.29% (₹27,079 L).
  • ·Q4 FY26 Net Profit ₹22,971 L vs Q4 FY25 ₹6,870 L (+234%) and Q3 FY26 ₹21,388 L (+7.5%).
  • ·Total Assets grew to ₹18,068,481 L from ₹14,672,548 L (+23.1%).
  • ·Net cash from operating activities ₹757,701 L vs (₹84,634 L) prior year.
  • ·EPS Basic FY26 ₹13.42 vs FY25 ₹11.45.
  • ·Board approved preferential issue representing 60% post-issue capital to Emirates NBD Bank, subject to approvals.
Sammaan Capital LimitedOthersneutralmateriality 2/10

25-04-2026

Sammaan Capital Limited (BSE: 535789) has filed a compliance certificate under SEBI LODR Regulation 57(1) confirming interest payment or principal redemption for its Non-Convertible Debentures (NCDs), dated April 25, 2026. No specific quantum, amounts, timelines, or financial details are disclosed in the filing. This is a routine regulatory disclosure with no additional metrics provided.

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