🇮🇳 India Daybook: Aurobindo Pharma Weighs Buyback, TVS Motor Sales Surge 25%

📍 BUYBACK & FUNDRAISING

• Aurobindo Pharma: The Board of Directors is scheduled to meet today, April 6, 2026, to consider and approve a proposal for the buyback of fully paid-up equity shares.
• Blue Cloud Softech Solutions: The company has rescheduled its board meeting to today to deliberate on equity fundraising initiatives, specifically focusing on a proposed preferential allotment.

📍 USFDA APPROVAL

• Cipla: The company’s US subsidiary received final approval for Nintedanib Capsules (100mg and 150mg), used to treat Idiopathic Pulmonary Fibrosis. The reference drug, Ofev, had estimated US sales of $3.76 billion for the year ending January 2026.
• Lupin: Received tentative approval for Sugammadex Injection (200 mg/2 mL and 500 mg/5 mL), a bioequivalent to Merck’s Bridion, used for the reversal of neuromuscular blockade.
• Marksans Pharma: Secured final approval for Benzonatate Capsules (100 mg and 200 mg), targeting the respiratory and cough treatment segment in the US market.

📍 SALES DATA

• TVS Motor Company: Reported a significant 25% year-on-year growth in total sales for March 2026, reaching 5.19 lakh units. Electric vehicle (EV) sales saw a sharp rise of 44% during the same period.
• Force Motors: The company recorded strong sales growth in March, continuing its positive momentum from the previous quarter.

📍 DIVIDEND & BONUS

• Unifinz Capital India: Today is the record date for the interim dividend of ₹0.50 per equity share (5% of face value).
• Avax Apparels and Ornaments: The company is in focus ahead of its 3:1 bonus issue record date (April 7).
• Varun Beverages: Shares remain in focus as the market prepares for its final dividend record date of April 8.

📍 OPERATIONAL PERFORMANCE

• Indian Oil Corporation (IOC): The PSU major announced achieving record operational performance for the financial year 2025-26 (FY26), driven by high refinery throughput and expanded marketing reach.

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