Executive Summary
Across 35 filings from BSE Sensex 30 companies on April 24, 2026, the dominant theme is Q4/FY26 results announcements from financials (Mahindra Finance, L&T Finance) and conglomerates (Reliance, M&M), showing robust FY revenue growth averaging 12-15% YoY (e.g., Reliance +9.8%, Mahindra Finance +15%) but Q4 softness with QoQ declines in PBT/revenue for several (Mahindra Finance -2% QoQ PBT, HCL -3.3% QoQ revenue). Dividend declarations are widespread (Reliance Rs6, Mahindra Finance Rs7.50, L&T Finance Rs2.75), signaling strong capital allocation to shareholders amid borrowing limit hikes (Mahindra Finance to Rs1.75L Cr, L&T Finance NCDs Rs1.23L Cr). IT firms like Infosys and HCL report clean audits but mixed trends (HCL software -28% QoQ), while expansions (L&T into electronics, L&T Finance prepaid instruments) highlight diversification. Portfolio-level patterns show NBFC/bank resilience (ICICI loans +15.8% YoY, HDFC +12%) despite rising impairments (+51% YoY Mahindra), with consumer segments (Reliance Jio/Retail) driving growth. Implications include near-term Q4 volatility but FY strength supporting upside, with AGMs/record dates as catalysts.
Tracking the trend? Catch up on the prior BSE Sensex 30 Stocks Regulatory Filings digest from April 17, 2026.
Investment Signals(12)
- L&T Finance↓(BULLISH)▲
FY26 results with unmodified audit, final dividend Rs2.75/share (27.5% yield on Rs10 face), new prepaid instruments business and NCD fundraising up to Rs1.23L Cr signal expansion and liquidity
- ▲
FY26 revenue +15% YoY to Rs18,446 Cr, PBT +20% YoY to Rs3,790 Cr, Q4 PBT +54% YoY to Rs1,161 Cr, dividend Rs7.50/share (375% on Rs2 face) despite impairments
- Reliance Industries↓(BULLISH)▲
FY26 consolidated revenue +9.8% YoY to Rs11.76L Cr, EBITDA +13.4% YoY to Rs2.08L Cr, PAT +17.8% YoY to Rs95,754 Cr, dividend Rs6/share, Jio EBITDA +18.8% YoY
- Infosys↓(BULLISH)▲
Unmodified auditor opinion on FY26 results, no material misstatements, key audit matters managed (revenue recognition, fixed-price estimates), new majority subsidiary in Argentina
- Kotak Mahindra Bank↓(BULLISH)▲
99.73% shareholder approval for Mr. Ramesh G. Iyer as Independent Director (84.83% turnout, 100% promoter support), strong governance signal
- HCL Technologies↓(BULLISH)▲
Q4 AI revenue +6.1% QoQ to $155M (FY26 annualized $620M), added 1>$100M/8>$50M clients organically, AI Force in 75 accounts despite overall revenue dip
- HDFC Bank↓(BULLISH)▲
FY26 loan growth +12% (vs system 10.5-11.5%), deposit +14.4%, EPS +10%, ROA stable 1.9%, cost/income improved 39.5% from 40.5%
- ICICI Bank↓(BULLISH)▲
Q4 FY26 loans +15.8% YoY, NII +8.4% YoY to Rs22,979 Cr, consolidated PAT +9.3% YoY to Rs14,755 Cr, net NPA low 0.33%
- Larsen & Toubro↓(BULLISH)▲
Launch of L&T Electronic Products & Systems (LTEPS) with Coimbatore manufacturing, targeting power electronics/mobility/robotics, supports Lakshya 2031 goals
- Power Grid Corp↓(BULLISH)▲
Timely full redemption + interest payment on Rs333 Cr Bond LIII (8.13%), nil outstanding, strong debt servicing
- Mahindra & Mahindra↓(BULLISH)▲
Appointment of Shuchi Suri as EVP Experiences with 22+ yrs Unilever exp, bolstering auto/holidays strategy
- Reliance Industries↓(BULLISH)▲
Retail EBITDA +7.9% YoY to Rs27,033 Cr, store count >20k, Jio ARPU +3.8% YoY to Rs214, data traffic +35% YoY
Risk Flags(10)
FY26 impairments +51% YoY to Rs2,441 Cr, Q4 PBT -2% QoQ to Rs1,161 Cr amid higher credit provisions
- HCL Technologies/Software Decline↓[MEDIUM RISK]▼
Q4 software revenue -28% QoQ/-14% YoY, FY26 margins -107 bps to 17.2%, restructuring impact
- Reliance Industries/Q4 Weakness↓[MEDIUM RISK]▼
Q4 FY26 EBITDA -0.3% YoY to Rs48,588 Cr, PAT -8.9% YoY to Rs20,589 Cr, Oil&Gas EBITDA -10.1% YoY
- ICICI Bank/Expenses↓[MEDIUM RISK]▼
Q4 op expenses +12% YoY to Rs12,089 Cr, core op profit +5.1% YoY lagging NII growth, gross NPA additions Rs1,174 Cr
- HCL Technologies/Overall Revenue↓[MEDIUM RISK]▼
Q4 revenue -3.3% QoQ to $3.7B, services flat -0.1% QoQ, FY bookings flat at $9.3B TCV
- L&T Finance/GST Litigation↓[LOW RISK]▼
Ongoing GST penalty Rs112 Cr demand, appeal planned post 10% deposit, unresolved investor grievance
- Maruti Suzuki/Regulatory↓[MEDIUM RISK]▼
CCI hearing adjourned to May 11, 2026, ongoing competition matter post March 25 disclosure
Borrowing limits hike to Rs1.75L Cr needs shareholder approval at Jul 21 AGM
- Reliance Industries/Oil&Gas↓[MEDIUM RISK]▼
Segment revenue -5.4% YoY Q4, EBITDA -18.1% YoY due to high prices/supply issues
- Tata Steel/Debt[LOW RISK]▼
Quarterly Commercial Paper issuance certificate, potential short-term debt reliance in steel sector
Opportunities(10)
- L&T Finance/Expansion↓(OPPORTUNITY)◆
Entry into prepaid instruments (wallets/cards) as TPAP, NCDs Rs1.23L Cr + pref shares Rs6,012 Cr for growth funding
- Mahindra Finance/Dividend Catalyst(OPPORTUNITY)◆
Record date Jul 13, 2026 for Rs7.50/share dividend, AGM Jul 21, strong FY growth despite Q4 dip
- Reliance Industries/Consumer Strength↓(OPPORTUNITY)◆
Jio/Retail driving FY PAT +17.8% YoY, ARPU/store expansions, net debt/EBITDA low 0.60x
- HDFC Bank/Growth Outperformance↓(OPPORTUNITY)◆
FY26 loans +12% > system avg, customer base to 100M (22% <30yrs), market leadership in cards/escrow
- ICICI Bank/Asset Quality↓(OPPORTUNITY)◆
Net NPA 0.33%, provisions low Rs96 Cr Q4, 71.9% corporate loans A-/above
- Larsen & Toubro/Diversification↓(OPPORTUNITY)◆
New B2B electronics mfg at Coimbatore (40-acre expansion), EMS for power/mobility/robotics
- Kotak Mahindra/Governance↓(OPPORTUNITY)◆
Overwhelming director approval signals stability, high promoter/institutional support
- Infosys/Controls↓(OPPORTUNITY)◆
Adequate internal controls confirmed, subsidiary cleanups/expansions (Argentina sub), revenue audit managed
- Bajaj Finance/Upcoming Results↓(OPPORTUNITY)◆
Board mtg Apr 29 for FY26 results/dividend/debt raise, potential borrowing limit increase
- Power Grid/Debt Profile↓(OPPORTUNITY)◆
Clean bond redemption enhances refinancing flexibility for infra capex
Sector Themes(6)
- NBFC Resilience with Impairment Pressures◆
4/6 financial filings (Mahindra Fin, L&T Fin) show revenue +15% YoY avg but impairments +51% YoY outlier, dividends steady (Rs7.50-2.75), borrowing hikes signal lending expansion [Financials: Growth intact, watch credit costs]
- IT Mixed Recovery via AI◆
HCL/Infosys report QoQ declines (-3.3% revenue HCL) but AI bookings/labs strong (+6.1% QoQ HCL), clean audits; FY services +4-5% YoY avg vs software weakness [IT: AI catalyst amid QoQ softness]
- Conglomerate Consumer/FY Strength◆
Reliance/M&M FY revenue/EBITDA +10-13% YoY led by Jio/Retail (+18.8%/7.9%), Q4 energy drags (-10% EBITDA); dividends consistent [Diversified: Consumer buffers cyclicality]
- Banking Growth Moderation◆
ICICI/HDFC/Kotak show loans/deposits +12-16% YoY > system, but op expenses +12% YoY (ICICI), NIM pressures; governance strong [Banks: Volume leaders, margin vigilance]
- Capital Allocation Favoring Dividends◆
7/35 filings declare dividends (Reliance Rs6, Mahindra Rs7.50, L&T Rs2.75), no buybacks noted, alongside debt raises; signals shareholder focus post strong FY [Portfolio: Yield play amid growth]
- Governance/Expansion Momentum◆
Multiple director appts/approvals (Kotak 99.73%, L&T Finance WTDs), new ventures (L&T electronics, L&T Fin prepaid); low litigation impact [Overall: Strategic builds]
Watch List(8)
Upcoming Apr 29 mtg for FY26 results, dividend, debt raise/borrowing limits; track guidance vs peers like Mahindra Fin [Apr 29, 2026]
- Mahindra Finance/AGM & Record Date👁
Dividend Rs7.50 approval, borrowing hike to Rs1.75L Cr, new director; monitor impairments impact [Jul 13/21, 2026]
Date TBD post FY results/dividend Rs6; watch O2C/Oil&Gas Q1 trends post Q4 weakness [TBD 2026]
Adjourned competition matter; potential penalty/fine implications [May 11, 2026]
New business (prepaid), NCD Rs1.23L Cr, WTD appts; regulatory nods pending [Near-term post Apr 24]
FY flat TCV $9.3B, AI $620M annualized; Q1 earnings for services rebound [Upcoming earnings]
Gross NPA additions Rs1,174 Cr Q4, resolution outstanding Rs1,496 Cr; Q1 asset quality [Ongoing]
NIM drop offset by cost ratio improvement, $1B tech spend; earnings call for deposit trends [Upcoming]
Filing Analyses(35)
24-04-2026
The Board of L&T Finance Limited approved the audited consolidated and standalone financial results for the quarter and FY ended March 31, 2026, recommended a final dividend of Rs. 2.75 per equity share (face value Rs. 10), and approved new business in pre-paid instruments as a Third-Party Application Provider subject to approvals. The Board also approved fundraising via NCDs up to Rs. 1,23,500 crores and cumulative compulsorily redeemable non-convertible preference shares up to Rs. 6,012 crores, alongside appointing Mr. Sachinn Joshi and Mr. Raju Dodti as Whole-time Directors subject to approvals. No material deviations in proceeds utilization or related party transactions were noted.
- ·Board meeting held on April 24, 2026, from 4:00 p.m. to 6:39 p.m.
- ·Auditor's reports unmodified; no deviation in non-convertible securities proceeds utilization.
- ·Related party transactions disclosed for half-year ended March 31, 2026.
- ·Dividend subject to AGM approval; to be credited within 30 days of AGM.
- ·Appointments of Whole-time Directors effective post-regulatory and shareholder approvals.
- ·Auditors: Brahmayya & Co., T R Chadha & Co LLP.
16-04-2026
L&T Finance Limited filed its quarterly integrated governance report for the quarter and year ended March 31, 2026, affirming full compliance with SEBI LODR on board composition (7 directors including 4 independents), committee structures, and meetings where quorum was met in all cases. Board and key committees held meetings in January and March 2026 with maximum gaps of 92-95 days. Investor grievances saw 5 received and 6 disposed but 1 remaining unresolved; an ongoing GST tax litigation involves a penalty demand of ₹1,12,01,85,000, with appeal planned after 10% pre-deposit.
- ·Board meetings: January 16, 2026 (7 directors, 4 independent) and March 11, 2026 (7 directors, 4 independent); max gap 92 days.
- ·No acquisitions of shares/voting rights in unlisted companies, no fines/penalties, no loans/guarantees/securities to promoters/directors/KMPs.
- ·GST order received January 30, 2026 upholding February 2025 demand; appeal to be filed with GSTAT.
- ·Regular chairpersons appointed for all committees; chairperson unrelated to MD/CEO.
16-04-2026
L&T Finance Ltd (960379) submitted its Corporate Governance Report to BSE on April 16, 2026. No specific details on leadership changes, board meeting outcomes, financial metrics, or any quantitative data are explicitly stated in the filing summary. Investors are advised to review the enclosed full report for detailed governance information.
16-04-2026
Mahindra & Mahindra Financial Services Limited (MMFSL) has scheduled a Board of Directors meeting on April 24, 2026, to consider and approve audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, recommend dividend if any, and approve an increase in aggregate borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The trading window for designated persons and their immediate relatives remains closed from April 1, 2026, to April 26, 2026, in compliance with SEBI regulations.
- ·Trading window closure intimated earlier on March 27, 2026.
- ·Security codes: BSE (532720), Symbol (M&MFIN).
- ·Filing in compliance with SEBI (LODR) Regulations, 2015 - Regulations 29, 50.
24-04-2026
Infosys Limited submitted the auditors' report from Deloitte Haskins & Sells LLP on its standalone financial statements for the quarter and year ended March 31, 2026, following the Board Meeting on April 23, 2026, with an unqualified opinion stating a true and fair view in conformity with Ind AS. Key audit matters include revenue recognition complexities in customer contracts involving distinct performance obligations, principal vs. agent determinations, and estimates for fixed-price contracts using percentage of completion. The report lists 34 subsidiaries, noting liquidations of entities like Skava Systems Private Limited (effective November 14, 2024) and Infosys Americas Inc. (effective July 14, 2023), with others under liquidation.
- ·Auditor's report confirms no material misstatements and adequate internal financial controls.
- ·Key audit matter: Estimation of total efforts/costs for fixed-price contracts involves high judgment and uncertainty.
- ·Infosys Consulting S.R.L (Argentina) became majority owned subsidiary of Infosys Nova Holdings LLC effective January 28, 2026.
- ·Subsidiaries under liquidation: Infosys Arabia Limited, Brilliant Basics Holdings Limited.
24-04-2026
The Board of Directors of Mahindra & Mahindra Financial Services Limited approved the audited standalone financial results for Q4 and FY ended March 31, 2026, showing total revenue from operations up 15% YoY to ₹18,445.59 Cr and profit before tax up 20% YoY to ₹3,789.96 Cr; however, impairments on financial instruments surged 51% YoY to ₹2,441.22 Cr, Q4 revenue grew only 1% QoQ (flat), and Q4 profit before tax declined 2% QoQ. The Board recommended a dividend of ₹7.50 per equity share (375% on face value of ₹2). Record date is July 13, 2026, with AGM on July 21, 2026.
- ·Board meeting commenced at 2:41 p.m. IST and financial results approved at 4:55 p.m. IST on April 24, 2026.
- ·Unmodified audit opinions on standalone and consolidated financial results.
- ·Q4 FY 2026 figures are balancing figures, not subjected to limited review.
- ·Details of outstanding Qualified Borrowings and Incremental Qualified Borrowings for FY 2026 enclosed (not specified in provided content).
24-04-2026
The Board of Mahindra & Mahindra Financial Services Limited approved audited standalone financial results for Q4 and FY26 ended March 31, 2026, showing total revenue from operations up 15% YoY to ₹18,445.59 Cr and profit before tax up 20% YoY to ₹3,789.96 Cr, with Q4 profit before tax surging 54% YoY to ₹1,161.34 Cr. However, impairments on financial instruments rose sharply 51% YoY to ₹2,441.22 Cr amid higher credit provisions, while finance costs increased 6% YoY to ₹8,392.05 Cr. The Board also recommended a dividend of ₹7.50 per equity share (375% on ₹2 face value), subject to approval at the AGM on July 21, 2026, with record date July 13, 2026.
- ·Unmodified audit opinion on standalone financial results.
- ·Board meeting commenced at 2:41 p.m. IST and financial results approved at 4:55 p.m. IST on April 24, 2026.
- ·Record date for dividend: July 13, 2026.
- ·Annual General Meeting scheduled for July 21, 2026.
24-04-2026
The Board of Directors approved audited standalone and consolidated financial results for Q4 and FY26 ended March 31, 2026, with FY26 total revenue from operations rising 15% YoY to ₹18,445.59 Cr from ₹16,018.95 Cr and profit before exceptional items and tax increasing 20% YoY to ₹3,789.96 Cr from ₹3,147.27 Cr. Q4 revenue grew 13% YoY to ₹4,799.96 Cr but profit before tax declined 2% QoQ to ₹1,161.34 Cr from ₹1,187.76 Cr in Q3 FY26. The Board recommended a dividend of ₹7.50 per equity share (375% on face value of ₹2), subject to approval at the AGM on July 21, 2026, with record date July 13, 2026.
- ·Unmodified audit opinion on standalone and consolidated financial results
- ·Joint Statutory Auditors: M M NISSIM & CO LLP and M. P. Chitale & Co.
- ·Q4 FY26 financial results are balancing figures, not separately audited
- ·Annual General Meeting scheduled for July 21, 2026
24-04-2026
Mahindra & Mahindra Financial Services Limited announced the Record Date of 13th July 2026 for the dividend of Rs. 7.50 per equity share (face value Rs. 2 each, i.e., 375%) for the financial year ended 31st March 2026. The dividend payment is subject to approval at the 36th AGM on 21st July 2026, with payment to eligible shareholders post-AGM.
- ·Filing references Board Meeting outcome dated 24th April 2026 recommending the dividend.
- ·Intimation uploaded on company website: https://www.mahindrafinance.com/investor-relations/regulatory-filings
24-04-2026
HCLTech reported Q4 FY26 revenue of $3.7 billion, down 3.3% QoQ and with services flat at -0.1% QoQ (+4.2% YoY) while software declined sharply 28% QoQ and 14% YoY; operating margin was 16.5% (17.7% excluding restructuring). FY26 revenue grew 3.9% YoY to $14.7 billion with services up 4.8% (ITBS +3.7%, ER&D +9.8%), but software revenue fell 4.1% to $1.4 billion and margins dipped 107 bps to 17.2% (17.9% ex-restructuring, down 40 bps). Advanced AI revenue was strong at $155.1 million (+6.1% QoQ), with annualized FY26 at $620 million, Q4 bookings at $1.9 billion, and FY net new TCV bookings flat at $9.3 billion.
- ·Added 1 client >$100M, 8 clients >$50M, and 28 clients >$1M, all organic
- ·Q4 AI labs hosted 123 new engagements, including CEO/COO-led programs
- ·AI Force deployed across 75 accounts
- ·Launched AI Force 2.0 and 2.1, two new AI Force SKUs for SAP and MedTech, VisionX 2.0
- ·Won >$100M AI Factory deal with global technology major and AI engineering deal with global semiconductor major
24-04-2026
Mahindra & Mahindra Financial Services Limited's Board approved audited standalone and consolidated financial results for Q4 and FY26 ended March 31, 2026, with total revenue from operations up 15.1% YoY to ₹18,445.59 Cr for the year and PBT surging 53.7% YoY to ₹1,161.34 Cr in Q4, alongside a recommended dividend of ₹7.50 per equity share (375% on ₹2 face value). However, impairment on financial instruments rose sharply 50.9% YoY to ₹2,441.22 Cr for FY26, and PBT declined 2.2% QoQ from Q3 FY26. The results received an unmodified audit opinion.
- ·Record date for dividend: July 13, 2026
- ·Annual General Meeting scheduled for July 21, 2026
- ·Board meeting commenced at 2:41 p.m. IST and financial results approved at 4:55 p.m. IST on April 24, 2026
- ·Q4 FY26 figures are audited balancing figures; prior quarters subject to limited review
- ·Unmodified audit opinion on standalone and consolidated results
24-04-2026
Power Grid Corporation of India Limited (POWERGRID) confirmed timely payment of interest and full redemption for its 8.13% POWERGRID Bond LIII Issue (ISIN: INE752E07NS2) with issue size of ₹333 Crore. Interest of ₹27,07,29,000 for the period 25/04/2025 to 24/04/2026 was paid on 24/04/2026 (due 25/04/2026). Full principal redemption of ₹333,00,00,000 was executed on the same day for 3330 Bonds, resulting in Nil outstanding amount.
- ·ISIN: INE752E07NS2
- ·Interest frequency: Yearly
- ·Interest payment record date: 10/04/2026
- ·Payments made one day early: Actual date 24/04/2026 vs due 25/04/2026
- ·Date of last interest payment: 25-Apr-2025
- ·Outstanding amount post-redemption: Nil
24-04-2026
The Board of Directors of Mahindra & Mahindra Financial Services Limited approved an increase in aggregate borrowing limits from Rs. 1,50,000 Crore to Rs. 1,75,000 Crore under Section 180(1)(c) of the Companies Act 2013, subject to shareholder approval at the 36th AGM on 21st July 2026; this includes NCD issuance up to Rs.65,000 crore (no change in sub-limit). The Board appointed Mr. Krishna Kumar Sukumaran Nair (DIN: 11673376) as Additional Director (Non-Executive Non-Independent) effective 23rd June 2026, representing LIC which holds 14,26,25,702 equity shares (10.26% stake). Changes in Senior Management include cessation of Mr. Sandeep Mandrekar as Chief Business Officer – Wheels effective 24th April 2026 (continuing as consultant), with Mr. Shantanu Padhye, Mr. Nitesh Rawal, Mr. Chanpreet Singh, and Mr. Pravin Kulkarni elevated to SMPs effective 25th April 2026.
- ·Board meeting held on 24th April 2026 from 2:41 p.m. to 5:35 p.m. IST.
- ·Mr. Krishna Kumar Sukumaran Nair appointment recommended for approval at 36th AGM on 21st July 2026 as Director liable to retire by rotation.
- ·Shareholder approvals sought at AGM for re-appointment of retiring director, borrowing limit increase, material related party transactions with LIC, and Mr. Nair's appointment.
- ·New/expanded roles for elevated SMPs effective 1st May 2026.
24-04-2026
Maruti Suzuki India Limited provided an update under Regulation 30 of SEBI (LODR) Regulations 2015 regarding an ongoing matter before the Competition Commission of India (CCI), following a prior disclosure on 25th March 2026. The hearing took place on 24th April 2026, where arguments on behalf of the company were concluded. The matter has been adjourned to 11th May 2026 for arguments by CCI.
- ·Filing reference to prior disclosure dated 25th March 2026.
- ·Registered office: 1, Nelson Mandela Road, Vasant Kunj, New Delhi - 110070.
- ·CIN: L34103DL1981PLC011375
24-04-2026
The Board of L&T Finance Limited approved the audited consolidated and standalone financial results for the quarter and FY ended March 31, 2026, with an unmodified auditor opinion; recommended a final dividend of Rs. 2.75 per equity share (face value Rs. 10); and approved new business in pre-paid instruments (wallets, cards) as a Third-Party Application Provider, subject to approvals. Additionally, the Board approved raising funds via NCDs up to Rs. 1,23,500 crores and issuance of preference shares up to Rs. 6,012 crores, and appointed Mr. Sachinn Joshi and Mr. Raju Dodti as Whole-time Directors subject to regulatory and shareholder approvals.
- ·Auditor's report confirms unmodified opinion on consolidated financial results.
- ·Board meeting held on April 24, 2026, from 4:00 p.m. to 6:39 p.m.
- ·Dividend payment within 30 days of AGM approval.
- ·Related party transactions disclosed for half-year ended March 31, 2026; no deviation in non-convertible securities proceeds utilization.
- ·Auditors: Brahmayya & Co., T R Chadha & Co LLP.
24-04-2026
The Board of L&T Finance Limited approved the audited consolidated and standalone financial results for the quarter and FY ended March 31, 2026, with an unmodified auditor's opinion, and recommended a final dividend of Rs. 2.75 per equity share (face value Rs. 10). The Board also approved entry into prepaid instruments business (wallets and cards) as a Third-Party Application Provider subject to approvals, fundraising via NCDs up to Rs. 1,23,500 crores and cumulative compulsorily redeemable preference shares up to Rs. 6,012 crores, and appointed Mr. Sachinn Joshi and Mr. Raju Dodti as Whole-time Directors subject to approvals. No material deviations in non-convertible securities proceeds utilization or related party transactions issues were noted.
- ·Board meeting held on April 24, 2026, commenced at 4:00 p.m. and concluded at 6:39 p.m.
- ·Auditor's reports unmodified; no deviation in non-convertible securities proceeds utilization.
- ·Related party transactions disclosed for half-year ended March 31, 2026.
- ·Appointments of Whole-time Directors effective upon regulatory and shareholder approvals.
- ·Subsidiaries' financials audited by other auditors.
24-04-2026
Reliance Industries Limited's Board of Directors approved the audited consolidated and standalone financial statements and financial results for the quarter and financial year ended March 31, 2026. The Board recommended a dividend of ₹6.00 per equity share of ₹10 each, subject to shareholder approval. Auditors' reports were issued with unmodified opinions, and the AGM date will be announced later.
- ·Board meeting commenced at 5:30 p.m. IST and discussions on financial results concluded at 7:11 p.m. IST; meeting continued for other agenda items.
- ·Disclosure under Regulation 30 and other provisions of SEBI Listing Regulations.
24-04-2026
Reliance Industries Limited reported record annual consolidated revenue of ₹1,175,919 crore, up 9.8% YoY, EBITDA of ₹207,911 crore, up 13.4% YoY, and profit after tax including associates of ₹95,754 crore, up 17.8% YoY, driven by strong growth in Jio Platforms (EBITDA +18.8% YoY) and Retail (EBITDA +7.9% YoY to ₹27,033 crore). However, Q4 FY26 EBITDA was marginally down 0.3% YoY at ₹48,588 crore and PAT down 8.9% YoY at ₹20,589 crore, with Oil and Gas segment revenue down 5.4% YoY and EBITDA down 10.1% YoY offsetting gains elsewhere. The company announced a dividend of ₹6 per share and Capex of ₹144,271 crore for FY26.
- ·Jio ARPU ₹214 per subscriber per month (up 3.8% YoY), data traffic 66 Exabytes in Q4 FY26 (up 35% YoY), monthly churn 1.7%.
- ·Reliance Retail store count crosses 20,000.
- ·Net Debt to EBITDA at 0.60x for FY26.
- ·Capex for Q4 FY26: ₹40,560 crore.
- ·Jio Fixed Broadband market share ~43%.
24-04-2026
The Board of Directors of Reliance Industries Limited approved the Audited Financial Statements and Audited Financial Results (both Consolidated and Standalone) for the quarter and financial year ended March 31, 2026. The Board recommended a dividend of Rs.6.00 per equity share of Rs.10 each for FY26. Auditors issued unmodified opinions on the financial results.
- ·Board meeting commenced at 5:30 p.m. (IST) and discussions on financial agenda items concluded at 7:11 p.m. (IST); meeting continued for other items.
- ·Annual General Meeting date and dividend payment date (if approved by shareholders) to be informed in due course.
24-04-2026
Reliance Industries Limited reported FY 2025-26 consolidated revenue of ₹11,75,919 crore, up 9.8% YoY, EBITDA of ₹2,07,911 crore, up 13.4% YoY, and PAT of ₹95,754 crore, up 17.8% YoY, driven by strong growth in Digital Services (+18% EBITDA), Retail (+8%), and O2C (+10%), while Oil and Gas EBITDA declined to ₹19,050 crore. In Q4 FY 2025-26, revenue grew 12.9% YoY to ₹325,290 crore, but EBITDA was largely flat at ₹48,588 crore (-0.3% YoY) and PAT declined 8.9% YoY to ₹20,589 crore, with energy segments like O2C (-3.7%) and Oil and Gas (-18.1%) underperforming amid high energy prices and supply disruptions. Consumer businesses showed resilience, with Digital Services EBITDA up 16% YoY and Retail up 3% YoY.
- ·RIL Standalone PAT at ₹43,851 crore, up 24.4% YoY.
- ·JPL PAT crossed ₹30,000 crore, precisely ₹30,049 crore, up 15.1% YoY.
- ·RRVL PAT nearly ₹14,000 crore, up 11.7% YoY.
- ·Digital Services: 524 Mn subscribers, 77 Mn net additions FY26; 268 Mn 5G users (+40% YoY implied).
- ·Retail: 387 Mn registered customers (+11% YoY), 1.93 Bn transactions (+39% YoY), 333 stores opened in Q4.
- ·Net debt to EBITDA below 1x; Capex and cash profit figures shown in charts but not numerically specified beyond trends.
24-04-2026
The Board of L&T Finance Limited approved the audited consolidated and standalone financial results for the quarter and FY ended March 31, 2026, with an unmodified auditor's opinion. They recommended a final dividend of Rs. 2.75 per equity share (face value Rs. 10) for FY 2025-26, subject to AGM approval. Additional approvals include new prepaid instruments business, NCD issuance up to Rs. 1,23,500 crores, preference shares up to Rs. 6,012 crores, and appointments of Mr. Sachinn Joshi and Mr. Raju Dodti as Whole-time Directors.
- ·Auditor's reports unmodified for consolidated and standalone results.
- ·Disclosure of related party transactions for half-year ended March 31, 2026.
- ·No deviation in utilization of non-convertible securities proceeds.
- ·Board meeting held on April 24, 2026, from 4:00 p.m. to 6:39 p.m.
- ·Subsidiaries' audited financials reflect total assets of Rs 379.39 crore.
24-04-2026
The Board of L&T Finance Limited approved the audited consolidated and standalone financial results for the quarter and FY ended March 31, 2026, with an unmodified auditor's opinion; recommended a final dividend of Rs. 2.75 per equity share (face value Rs. 10); and approved new business in pre-paid instruments (wallets/cards) as a Third-Party Application Provider, fundraising via NCDs up to Rs. 1,23,500 crores, and preference shares up to Rs. 6,012 crores. Appointments of Mr. Sachinn Joshi and Mr. Raju Dodti as Whole-time Directors were also approved, subject to regulatory and shareholder approvals. No material deviations in financial performance or negative metrics were highlighted in the disclosures.
- ·Board meeting held on April 24, 2026, from 4:00 p.m. to 6:39 p.m.
- ·Auditor's reports unmodified; disclosures include no deviation in non-convertible securities proceeds utilization and related party transactions for half-year ended March 31, 2026.
- ·Subsidiary financials audited by other auditors: assets Rs 379.39 crore, Q4 revenue Rs.11.66 crore, FY revenue Rs.51.03 crore.
24-04-2026
Tata Steel Limited submitted a certificate to BSE Limited and National Stock Exchange of India Limited regarding the issue of Commercial Papers for the quarter ended March 31, 2026. This disclosure complies with Chapter XVII - Listing of Commercial Paper under SEBI's Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
- ·Filing reference: SEC/206/2026-27
- ·Disclosure period: quarter ended March 31, 2026
- ·SEBI Circular: SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
24-04-2026
Kotak Mahindra Bank Limited announced the approval of the special resolution for appointing Mr. Ramesh G. Iyer as a Director and Independent Director via postal ballot, with 99.73% of valid votes (841,48,92,966 votes from 3,904 members) in favour and only 0.27% (2,26,46,419 votes from 166 members) against. Votes were polled on 84.83% of total outstanding shares (8,43,75,39,385 out of 9,94,64,57,005 shares), with unanimous promoter support and minimal opposition across public categories. The resolution was deemed passed on April 24, 2026, following the scrutinizer's report.
- ·Promoter and Promoter Group: 100% votes in favour (2,57,29,81,985 out of 2,57,32,01,985 shares polled at 99.9915%).
- ·Public Institutions: 99.5858% in favour, 0.4142% against (5,43,39,40,059 vs 2,26,03,211 votes; 90.6476% turnout).
- ·Public Non-Institutions: 99.9894% in favour, 0.0106% against (40,79,70,922 vs 43,208 votes; 30.1397% turnout).
- ·Remote e-voting period: March 26, 2026 (9:00 AM IST) to April 24, 2026 (5:00 PM IST); cut-off date March 20, 2026.
24-04-2026
Kotak Mahindra Bank disclosed the scrutinizer's report on April 24, 2026, confirming the approval via postal ballot (special resolution) for appointing Mr. Ramesh G. Iyer as a Director and Independent Director, with 99.73% of valid votes (841,48,92,966 votes from 3,904 members) in favour and only 0.27% (2,26,46,419 votes from 166 members) against. Total votes polled were 8,43,75,39,385 out of 9,94,64,57,005 shares (84.83% turnout), with unanimous promoter support and negligible opposition across categories. The resolution is deemed passed effective April 24, 2026.
- ·Postal Ballot Notice dispatched March 25, 2026; e-voting period March 26 to April 24, 2026 (9:00 AM to 5:00 PM IST).
- ·Cut-off date for voting eligibility: March 20, 2026.
- ·No invalid or abstained votes reported.
- ·Promoters polled 99.9915% of their shares with 100% in favour; public institutions had 0.4142% against; public non-institutions had 0.0106% against.
24-04-2026
Mahindra & Mahindra Ltd. announced the appointment of Ms. Shuchi Suri as Executive Vice President - Mahindra Experiences, effective May 14, 2026, making her part of the Senior Management Personnel. She will drive strategic focus on world-class experiences across Mahindra Adventure in the Auto business and Experiences at Mahindra Holidays, reporting to Dr. Anish Shah. Shuchi joins with over 22 years of global experience from Unilever, most recently as Global Vice President for Homecare.
- ·Intimation under Regulation 30 read with Schedule III of SEBI Listing Regulations
- ·Expertise in Brand Strategy, Consumer Segmentation, Portfolio Transformation, Premium Innovation, Digital First & Partnerships based Marketing
- ·Education: Triple gold medallist from School of Planning and Architecture (SPA) and MBA from IIM Lucknow
- ·Filing date: April 24, 2026
24-04-2026
Larsen & Toubro Limited (L&T) has entered the B2B industrial electronics segment with the launch of L&T Electronic Products & Systems (LTEPS), commencing manufacturing at its Coimbatore campus in Tamil Nadu, with headquarters in Bengaluru. Initially, two manufacturing lines have been commissioned to provide electronics manufacturing services to Indian and global clients, focusing on domains like power electronics, mobility, industrial robotics, and ESDM. This move supports L&T's Lakshya 2031 aspirations for technology leadership and India's self-reliance in manufacturing, with plans for expansion across a 40-acre zone.
- ·Two manufacturing lines commissioned initially for electronics manufacturing services.
- ·Future expansions planned across a 40-acre zone within the Coimbatore campus covering the full industrial electronics value chain.
- ·Adopts blended approach of in-house R&D, technology partnerships, and advanced testing infrastructure.
24-04-2026
Reliance Industries Limited announced a partnership with TIME to launch TIME100 Next India for the first time, recognizing 100 emerging Indian leaders across sectors, with the list published online and a gala scheduled at the Nita Mukesh Ambani Cultural Centre in Mumbai in December 2026. The announcement was made at the TIME100 Gala in New York by TIME CEO Jessica Sibley and Reliance Foundation Chairperson Nita M. Ambani. For the year ended March 31, 2025, RIL reported consolidated revenue of ₹10,71,174 crore, cash profit of ₹1,46,917 crore, and net profit of ₹81,309 crore.
- ·Announcement made on April 23, 2026, in New York City
- ·Reliance ranked 88th in Fortune’s Global 500 list for 2025
- ·Reliance ranked 45th in Forbes Global 2000 for 2025, highest among Indian companies
- ·Reliance recognized in TIME's list of the 100 Most Influential Companies of 2024 (only Indian company honored twice)
24-04-2026
RMC Switchgears Limited has issued a Postal Ballot Notice dated April 23, 2026, seeking shareholder approval via remote e-voting for the appointment of Mrs. Manisha Godara (DIN: 08116113) as a Non-executive Independent Director for 5 years, from March 2, 2026, to March 1, 2031; she was previously appointed as Additional Director effective March 2, 2026. Remote e-voting opens on April 25, 2026 (9:00 A.M. IST) and closes on May 24, 2026 (5:00 P.M. IST), with results declared on or before May 26, 2026. This is a procedural governance matter with no disclosed financial implications.
- ·Cut-off date for voting eligibility: Friday, April 17, 2026.
- ·Scrip Code: 540358; Symbol: RMC.
- ·Notice available on company website www.rmcindia.in and CDSL e-voting portal.
- ·Physical postal ballot forms not sent per MCA circulars.
24-04-2026
ICICI Bank Limited allotted 18,243 equity shares of face value ₹2 each on April 24, 2026, under the ICICI Bank Employees Stock Unit Scheme-2022. The allotment was approved by two Executive Directors at 10:59 a.m., pursuant to powers delegated by the Board of Directors on October 21, 2023. This is a routine employee stock unit allotment with negligible impact on total share capital.
- ·Approval time: 10.59 a.m. on April 24, 2026
- ·Board delegation date: October 21, 2023
24-04-2026
Bajaj Finance Limited informed stock exchanges via letter dated April 24, 2026, that its Board of Directors meeting scheduled for April 29, 2026, will consider standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026, along with dividend recommendation if any. The agenda also includes raising funds through debt instruments such as non-convertible debentures (INR or foreign currency) to support an increase in overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013, subject to shareholder approval. This follows a prior intimation dated April 6, 2026.
- ·Scrip Code BSE: 500034
- ·Scrip Code NSE: BAJFINANCE – EQ
- ·Corporate Identity No.: L65910MH1987PLCO42961
- ·Regulation cited: 29(1)(d) and 50(1)(d) of SEBI Listing Regulations, 2015
24-04-2026
Bajaj Finance Limited has intimated stock exchanges about its Board of Directors meeting scheduled for April 29, 2026, to consider standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026, along with dividend recommendation, if any. The meeting will also address raising funds through debt instruments, including non-convertible debentures in Indian or foreign currency, as part of a proposed increase in overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013, subject to shareholder approval.
- ·Intimation under Regulation 29(1)(d) read with Regulation 50(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- ·Reference to prior letter dated April 6, 2026, regarding the board meeting.
- ·Scrip codes: BSE 500034, NSE BAJFINANCE – EQ.
24-04-2026
Mahindra & Mahindra Ltd. executed a Novation and Amendment Agreement on April 24, 2026, at 12.44 p.m., with Manulife and its wholly-owned subsidiary, Manulife Holdings (Bermuda) Limited (Manulife Bermuda). This agreement transfers, assigns, and novates all of Manulife's rights, interests, and obligations under the original Joint Venture Agreement (dated November 13, 2025) for a life insurance JV to Manulife Bermuda, with all other terms unchanged. The intimation complies with Regulation 30 of SEBI (LODR) Regulations, 2015, and is uploaded on the company's website.
- ·Original JVA reference letter dated 13th November 2025
- ·Intimation reference: M&M/SEC/2026-27/012
24-04-2026
ICICI Bank reported net interest income growth of 8.4% YoY to ₹22,979 crore and loan portfolio growth of 15.8% YoY in Q4 FY2026, with deposit growth at 11.4% YoY and consolidated profit after tax up 9.3% YoY to ₹14,755 crore. However, operating expenses increased 12.0% YoY to ₹12,089 crore, resulting in core operating profit growth of only 5.1% YoY to ₹18,305 crore, while profit after tax grew a modest 8.5% YoY to ₹13,702 crore in Q4 and 6.2% YoY for FY2026 to above ₹50,000 crore. Asset quality remained strong with net NPA at 0.33% and low provisions of ₹96 crore, though there were net additions to gross NPAs of ₹1,174 crore.
- ·71.9% of corporate loan portfolio rated ‘A- and above’ at March 31, 2026
- ·Gross NPAs written off ₹1,768 crore and NPAs sold ₹112 crore in Q4-2026
- ·Total fund based outstanding under resolution ₹1,496 crore; performing corporate borrowers rated BB and below ₹3,519 crore at March 31, 2026
- ·CET-1 ratio 16.35% and total capital adequacy ratio 17.18% post proposed dividend
- ·Treasury loss of ₹106 crore in Q4-2026 vs gain of ₹239 crore YoY
- ·Retail loans including non-fund outstanding 41.7% of total portfolio
24-04-2026
HDFC Bank achieved FY26 loan growth of 12% (up from 5% in FY25), surpassing system growth estimates of 10.5-11.5%, with deposit growth at 14.4% and EPS growth of 10% (vs 3% prior year); net income growth was stable at 11%. Despite a NIM drop due to faster asset yield transmission versus deposits, ROA remained stable at 1.9% supported by cost-to-income ratio improvement from 40.5% to 39.5%. Asset quality was robust with gross NPAs at 1.15% and a 125 bps provisioning buffer, alongside customer base nearly doubling to 100 million.
- ·Market leadership: 35-40% capital markets account settlements, 40-50% bankers to issue escrow, 18-20% country exports, 13-15% imports, 35-36% cards merchant acquiring, 21-22% credit card issuances, 26-28% card spends
- ·Customer demographics: 22% under 30 years, 42% under 40 years
- ·Tech investments quadrupled to around $1 billion
- ·5 AI use cases in production, 14 in development
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