🇮🇳 India Daybook: LIC Approves 1:1 Bonus Issue; Arisinfra Bags ₹800 Crore Order

📍 BONUS ISSUE

• LIC: The Board of Directors has approved a 1:1 bonus issue of equity shares, involving an issuance of bonus shares worth up to ₹6,325 crore. The bonus shares are expected to be credited to eligible shareholders by June 12, 2026.

📍 ORDER WIN

• Arisinfra Solutions: The company has signed a Memorandum of Understanding (MoU) with Capacite Infraprojects for the procurement of construction materials worth ₹800 crore over the next five years.
• Advait Energy Transitions: The company emerged as the L1 bidder for a turnkey power project under the VKY-2 scheme, further strengthening its order book in the energy sector.

📍 Q4 EARNINGS

• Justdial: Reported a 36.5% YoY decline in net profit to ₹100 crore for the March quarter. However, revenue from operations grew by 6.2% to ₹307 crore, while EBITDA rose 3.1% to ₹88.8 crore.
• Swaraj Engines: Posted a robust performance with net profit rising 20.1% YoY to ₹54.6 crore. Revenue grew by 20.2% to ₹546 crore, driven by strong demand in the tractor segment.
• Anand Rathi Share & Stock Brokers: The firm’s Q4 profit more than doubled to ₹41 crore. For the full fiscal year FY26, the company reported a 25% increase in net profit to ₹129 crore.
• ICICI Prudential AMC: Reported a 16.8% QoQ decline in net profit to ₹763 crore. The board has recommended a final dividend of ₹12.40 per share.
• Upcoming Results: Elecon Engineering, HDB Financial Services, ICICI Lombard, and Tejas Networks are scheduled to announce their Q4 results today, April 15.

📍 BUSINESS UPDATE

• Lupin: The pharma major has launched its generic version of Dapagliflozin tablets (used for diabetes) in the US market following approval from the USFDA.
• Hindustan Zinc: The company has been declared the successful bidder for a potash and halite mining block in Rajasthan, covering an area of approximately 1,841 hectares.
• Alkem Laboratories: Incorporated a new subsidiary in Dubai with an initial investment of AED 3.7 million to expand its international presence.
• City Union Bank: Expanded its network by opening six new branches across Kerala, Madhya Pradesh, and Telangana, bringing its total branch count to 956.

📍 MANAGEMENT CHANGE

• Justdial: Chief Financial Officer (CFO) Abhishek Bansal has resigned from his position, effective from the close of business hours on April 15, 2026.

📍 REGULATORY & SURVEILLANCE

• BSE & NSE: The exchanges have reduced the circuit limits for 19 volatile stocks, effective April 15, 2026. Price bands for these securities have been tightened to 5% or 2% to curb excessive speculation.
• Torrent Pharmaceuticals: The company received a "Zero Observations" report from the USFDA following an inspection of its oncology facility, indicating full compliance with manufacturing standards.
• Blue Dart Express: The company clarified that a recent "low severity" cyber incident did not result in any data breach, and all risks have been successfully contained.

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