Coforge Limited successfully closed the acquisition of Encora, funded via a USD 550 Million (₹5,115 Crore) three-year loan at 4.6% interest. The acquisition adds scaled-up nearshore delivery capabilities in Latin America and is expected to deliver US$2Bn in AI-led revenue by FY27. Financial consolidation begins May 1, 2026.
Twamev Construction and Infrastructure Management Change
Twamev Construction and Infrastructure Limited informed the exchanges of the demise of Independent Director Mr. Santanu Ray on April 18, 2026. His cessation from the board is effective from the same date. The company acknowledged his invaluable contributions and deep understanding of governance during his multi-year association.
Mahindra EPC Irrigation Ltd. announced its FY26 financial results, reporting record revenue of ₹315.79 Crore, a 14.5% year-on-year growth. Profit after tax increased 76% to ₹12.69 Crore. The performance was driven by non-subsidy business growth and operational efficiencies despite industry headwinds like uneven rainfall and geopolitical cost impacts.
Steel Exchange India Limited completed a partial voluntary prepayment and scheduled partial redemption of Non-Convertible Debentures totaling ₹43.19 Crore on April 22, 2026. The payments reduced the face value of the NCDs (ISIN: INE503B07044), leaving an outstanding amount of approximately ₹148.28 Crore.
Cipla's US subsidiary received final USFDA approval for the first AB-rated generic therapeutic equivalent of Ventolin HFA. The Albuterol Sulfate Inhalation Aerosol is expected to launch in H1 FY 2026-27, targeting a US market valued at $1.5 billion.
Larsen & Toubro's Buildings & Factories vertical won multiple orders worth over ₹1,000 Crore. Key projects include constructing seven residential towers for Oberoi Realty in Gurugram and a vehicle proving ground in Haryana for an international firm. These wins reinforce L&T's leadership in the Indian EPC and construction segments.
K.P. Energy Limited has been granted a Category V Inter-State Electricity Trading Licence by the CERC. This regulatory approval enables the company to trade electricity nationwide and participate in exchange-led markets. The licence strengthens the firm's commercial capabilities and supports its strategy of building an integrated renewable energy platform across India.
Coforge Limited has appointed Ms. Shweta Jalan and Mr. Atin Hirachand Jain, both senior partners at Advent Private Equity, as Non-Executive Non-Independent Directors effective April 23, 2026. These appointments strengthen the board's strategic and private equity expertise.
Sanblue Corporation Limited clarified to BSE that the recent movement in its stock price and volume is purely market-driven. The company confirmed there is no undisclosed price-sensitive information or pending announcements. It continues to adhere to Regulation 30 of SEBI (LODR) Regulations, 2015, regarding timely disclosures.
Coforge Limited allotted 9,37,96,508 equity shares at ₹1,815.91 per share on a preferential basis to Encora Holdco Limited and AI Altius Parent (Cayman) Limited. The transaction, valued at ₹17,032.60 Crore, was executed via a share swap arrangement. This issuance significantly increases the company's paid-up share capital from ₹67.17 Crore to ₹85.93 Crore.
Steel Exchange India Limited successfully executed a partial voluntary prepayment and scheduled partial redemption of NCDs totaling ₹43.19 Crore on April 22, 2026. This action, involving ISIN INE503B07044, reduces the company's outstanding debt and face value of the debentures as part of its financial management strategy.
Shilpa Medicare Limited has appointed Dr. Vellaian Karuppiah as Chief Operating Officer (COO) – Formulations, effective 23 April 2026. Dr. Karuppiah brings over 33 years of pharmaceutical experience from firms like Gland Pharma and Dr. Reddy’s. He is expected to strengthen the company’s formulation business and operational efficiencies.
Shree Karthik Papers Ltd clarified to BSE that it is a separate entity and not part of any group of listed companies. This regulatory filing responds to exchange queries for the quarter ended March 31, 2026. The company operates as a single segment of transactions.
Shree Karthik Papers Limited (BSE: 516106) confirmed its non-applicability as a Large Corporate for FY 2025-26. The company reported zero incremental borrowings and zero mandatory debt issuance requirements for the current block. This filing is a routine regulatory compliance disclosure under SEBI's debt-raising framework.
Shree Karthik Papers Ltd confirmed its non-applicability under the SEBI Large Corporate framework for FY 2025-26. The company reported zero outstanding borrowings as of March 31, 2026, and does not meet the criteria for mandatory debt issuance.
Jindal Stainless launched its first-ever brand campaign, 'Jindal Saathi Seal Hai, Toh Asli Stainless Steel Hai', featuring actor Ranveer Singh. The initiative introduces a co-branded mark of authenticity for its Pipes & Tubes segment. This marks a strategic pivot from B2B to a consumer-facing approach to combat counterfeit products and build consumer trust.
Jio Financial Services Limited allotted 25,00,00,000 equity shares to promoter group entities Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Pvt Ltd. The allotment follows the conversion of warrants on April 21, 2026. This transaction increases the aggregate promoter group shareholding from 47.12% to 49.13%.
Gemstone Investments Limited issued 2,00,00,000 shares to Bhavesh Shamji Dedhia and others via a preferential allotment. This represents 13.65% of the post-issue share capital, significantly expanding the company's equity base.
Dhairya Management Services Pvt Ltd acquired 2,00,00,000 equity shares of Gemstone Investments Limited via preferential allotment upon conversion of warrants. This non-promoter acquisition represents a 13.65% stake in the target company's current equity capital.
BC Asia Investments entities acquired a significant stake in Manappuram Finance Ltd, obtaining 9.89% of equity shares and 9.00% in warrants. Following this acquisition on April 21, 2026, the investors have acquired control and are now classified as promoters. This strategic investment results in a total diluted holding of 18.00% for the acquirers.
Lalit Dua, a non-promoter investor, sold 78,000 equity shares of Paradeep Parivahan Ltd via the open market on April 21, 2026. This transaction reduced his stake from 5.45% to 4.76%, falling below the 5% disclosure threshold.
Manali Bhuva acquired 1,20,00,000 equity shares of Gemstone Investments Limited following the conversion of warrants. This acquisition represents 8.19% of the company's total voting capital, increasing the acquirer's total holding to 8.33%. The allotment was made via a preferential issue mechanism on April 21, 2024.
Coforge Limited's board approved a $550 million (₹5115.00 Crore) loan facility to fund the acquisition of Encora entities. The company also allotted 9,37,96,508 equity shares on a preferential basis to Encora Holdco and AI Altius Parent for ₹17,032.60 Crore. Additionally, Shweta Jalan and Atin Hirachand Jain were appointed as Additional Directors.
Dynamatic Technologies' division, Dynauton Systems, signed an MoU with Germany's Aerodata AG to co-develop the AeroForce X unmanned reconnaissance platform for India. This strategic collaboration combines Aerodata's mission system expertise with Dynauton's manufacturing capabilities to target ISR requirements in the Himalayas and Indian Ocean region.
Sarla Performance Fibers Limited has recommended a final dividend of ₹2 per equity share for FY 2024-25. The record date is set for July 22, 2026, with payment expected by August 28, 2026. Additionally, the Board deferred a proposed share buyback for further evaluation, scheduled for reconsideration on May 11, 2026.
Sarla Performance Fibers recommended a final dividend of ₹2 per equity share for FY 2025-26. The record date is July 22, 2026, with payment expected by August 28, 2026. A proposed buyback was deferred for further evaluation until May 11, 2026.
Sarla Performance Fibers Limited announced the outcome of its board meeting held on April 22, 2026. The board approved the re-appointment of Ms. Pooja Dharewa as Internal Auditor and Mr. Chandrahas Kasina as Cost Auditor, both for a 12-month term effective April 22, 2026.
Glottis Limited received a GST scrutiny notice (Form ASMT-10) for FY 2022-23 alleging wrongful ITC claims. The notice proposes a liability of approximately ₹2.73 Crore. The company is currently evaluating the allegations and states there is no material impact on its financial position at this stage.
Bharti Airtel received a Rs. 0.21 Crore financial disincentive from TRAI for alleged non-compliance with billing accuracy regulations during FY 2021-22. The company disagrees with the order and plans to take appropriate action. The financial impact is limited to the levied penalty.
ICICI Lombard General Insurance Company Employee Stock Options
ICICI Lombard General Insurance Company Limited allotted 61,961 equity shares to eligible employees. The allotment followed the exercise of options under the ESOS-2005 and Unit Scheme-2023. Consequently, the company's paid-up share capital increased to ₹498.62 Crore, representing 49,86,19,584 equity shares.
