Elitecon International Capacity Expansion: ₹700 Cr Investment
Elitecon International Limited is targeting ₹20,000 crore FMCG revenue by FY30. The company plans to invest ₹700 crore to expand its global distribution to 5,000 distributors and 5 lakh retail outlets. This strategic shift includes launching 10 consumer brands and activating 5 export corridors across the Middle East, Africa, and South-East Asia.
Sakthi Finance successfully redeemed ₹3.54 Crore worth of Non-Convertible Debentures (Options V and VI) including applicable interest on April 29, 2026. The payment pertains to the secured, redeemable NCDs issued in April 2022. This timely settlement confirms the company's commitment to its debt obligations.
Kati Patang Lifestyle Ltd's signature Saffron Lager was awarded a Bronze Medal at the prestigious London Beer Competition 2026. The brew was recognized for its technical excellence, unique spiced profile, and commercial viability. This global accolade validates the brand's mission to redefine Indian craft beer and supports its international expansion strategy.
Sterlite Technologies Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026. CARE Ratings Limited confirmed that ₹124.58 Crore raised via a preferential issue has been fully utilized for debt repayment and general corporate purposes, with no deviations observed from the stated objects.
Diensten Tech Limited's board approved a ₹4.59 Crore fundraise via the preferential issuance of 3,98,800 fully convertible warrants at ₹115 each. The issue targets 12 investors, including Abhishek Singhania and Vipul Prakash. Upon full conversion, the company's paid-up share capital will increase to ₹8.66 Crore.
Ponni Sugars (Erode) Ltd received a GST demand notice of ₹9.35 Crore from the GST and Central Excise department, Coimbatore. The notice alleges wrong availing of Input Tax Credit on a Co-Generation Power Plant. The company stated the demands are not legally tenable and expects no material financial impact.
Federal Bank reported a record quarterly net profit of ₹1,259.10 crore for Q4 FY26, up 20.93% sequentially. Key milestones include NR and CASA deposits both crossing the ₹1 lakh crore mark. The bank also expanded its network by adding 39 new branches during the quarter while achieving record low GNPA and NNPA levels.
The Federal Bank Limited confirmed the full utilisation of ₹3,195 Crore raised through non-convertible securities as of March 31, 2026. The bank reported no material deviations in the use of proceeds across three separate private placements issued between 2022 and 2024.
Shriram Finance Limited successfully completed the timely redemption and interest payment for its NCDs (ISIN: INE721A07RW8). The total payout amounted to ₹1,929.13 Crore, comprising ₹1,883.00 Crore in principal and ₹46.13 Crore in interest. This confirms the company's adherence to debt obligations.
Sterlite Technologies Limited confirmed the full and proper utilization of ₹124.58 Crore raised via preferential issue of warrants. The company reported zero deviation from the objects stated in the EGM notice, with funds deployed toward debt repayment and general corporate purposes as of March 31, 2026.
Shivalik Bimetal Controls Limited confirmed it is not classified as a Large Corporate for FY 2026-27 under SEBI norms. The company reported zero outstanding borrowings as of March 31, 2026. This disclosure is a routine regulatory requirement regarding debt sourcing and borrowing frameworks.
Indian Bank will hold its 20th Annual General Meeting on June 17, 2026, via video conferencing. The Record Date for dividend payment is set for June 10, 2026, with the register of members closed from June 11 to June 17, 2026. Dividend payment remains subject to shareholder approval at the meeting.
Regency Ceramics Limited announced the sad demise of Mr. Gudaru Naraiah Naidu, Executive Director and Chairperson (Promoter category), on April 29, 2026. This marks a significant change in the company's board leadership. The cessation is effective immediately from the date of the event.
Apollo Tyres Ltd. submitted its annual disclosure for the centralized database of corporate bonds and debentures for FY26. The filing includes listing details, credit ratings, and interest/redemption payment status for various NCD series. Notable redemptions include Rs. 375 Crore for ISIN INE438A07185 and Rs. 105 Crore for INE438A07094.
Sterlite Technologies Limited has re-appointed Mr. Ankit Agarwal as Executive Director for a 60-month term effective October 2026. Additionally, Ms. Anshu Mordia has been appointed as Chief Human Resource Officer effective April 29, 2026. These leadership updates aim to strengthen the company's organizational capability and people strategy.
Sterlite Technologies Limited has re-appointed Mr. Ankit Agarwal as Executive Director (MD) for a five-year term effective October 2026. Additionally, the company appointed Ms. Anshu Mordia as Chief Human Resource Officer effective April 29, 2026, to lead its global people strategy and organizational transformation.
Regency Ceramics Limited announced the sad demise of Mr. Gudaru Naraiah Naidu on April 29, 2026. Mr. Naidu served as the Executive Director, Chairperson (Promoter-related), and Whole Time Director of the company. His cessation from the board is effective immediately.
Summit Securities Limited approved its FY 2025-26 audited financial results, reporting a consolidated profit before tax of ₹139.58 Crore. The board also approved the re-appointment of Ms. Shweta Ratnakar Musale and the appointment of Mr. Pradeep Shashikant Pathare as Independent Directors for five-year terms.
Yash Chemex Ltd confirmed it is not identified as a 'Large Corporate' as of March 31, 2026, under SEBI debt sourcing norms. The company reported zero outstanding borrowings and a 'NIL' credit rating. Consequently, initial disclosure requirements for large entities are not applicable to the company for the current period.
Kamadgiri Fashion Ltd approved its audited financial results for FY26, reporting a total income of ₹158.06 Crore. The company posted a net profit of ₹3.08 Crore for the year, compared to ₹1.20 Crore in the previous fiscal. The Board meeting concluded on April 29, 2026, with unmodified auditor opinions.
Regency Ceramics Limited announced the sad demise of its Executive Chairman and Promoter, Dr. G N Naidu, on April 29, 2026. Dr. Naidu was a visionary leader who founded the company and played a pivotal role in the ceramic industry.
Meesho Limited received a GST Order-in-Appeal upholding a tax demand of ₹14.29 Crore related to TCS collection on its reseller model. The company believes the demand is unsustainable and intends to challenge the order before the GSTAT. Management states there is no material adverse impact on financial operations.
Federal Bank approved standalone annual net profits of ₹4,117.32 Crore for FY 2025-26. The Board recommended a final dividend of ₹1.20 per equity share (60%). The bank maintained strong asset quality with a Net NPA of 0.20% and a Capital Adequacy Ratio of 17.25% under Basel III norms.
Vakrangee Limited reported a total income of ₹261.36 Crore for FY2025-26, reflecting a 0.8% YoY growth. Annual Profit After Tax surged 79.3% to ₹11.1 Crore, driven by a 249-basis point expansion in EBITDA margins. The company maintained a debt-free balance sheet while expanding its network to 23,087 outlets across India.
Modi Naturals Ltd confirmed it does not meet the SEBI criteria for 'Large Corporate' classification for FY 2026. The company reported outstanding long-term borrowings of ₹13.84 Crore as of March 31, 2026, which is below the regulatory threshold. This disclosure is a routine annual regulatory requirement for listed entities.
