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Board of Muthoot Finance approves inclusion of sub-clause in main objects of MoA

Board of Muthoot Finance approves inclusion of sub-clause in main objects of MoA

by | Apr 10, 2026 | Share Market


Last Updated : Apr 10 2026 | 6:31 PM IST

At meeting held on 10 April 2026

The board of Muthoot Finance at its meeting held on 10 April 2026 has decided to seek approval of the shareholders to amend the main objects clause of Memorandum of Association of the Company to include a new sub-clause enabling the Company to undertake insurance corporate agency business.  

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 10 2026 | 6:31 PM IST



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Board of Muthoot Finance approves inclusion of sub-clause in main objects of MoA

MOSPI study provides update on construction activities in unincorporated sector establishments and households

by | Apr 10, 2026 | Share Market


Last Updated : Apr 10 2026 | 6:31 PM IST

The Ministry of Statistics and Programme Implementation (MoSPI) has released a technical report presenting the key findings from a Pilot study conducted on Construction Activities in Unincorporated Sector Establishments and Households. This study marks the first comprehensive attempt in decades by the National Statistics Office (NSO) to estimate key economic indicators for construction activities undertaken by unincorporated construction agencies (establishments engaged in construction activity), as well as own-account construction carried out by households for their own use.

It was estimated that 98.54 lakh households have undertaken construction during last 365 days (the reference period of the estimates). It was also estimated that 10.27 lakh unincorporated construction agencies were engaged in this sector which included both market and non-market establishment. It showed that 10.27 lakh construction agencies (unincorporated establishments) were estimated to be engaged in this sector. Approximately 77 per cent of these agencies engaged at least one hired worker on a fairly regular basis. Estimated average value of fixed assets owned by such construction establishments was Rs 5.21 lakh.

 

Fixed assets owned per unincorporated establishment engaged in construction activity has been estimated to be Rs 5.21 lakh. The financial access, as reflected by the outstanding loan per establishment in the sector, was estimated to be little more than Rs 1.40 lakh. The GVA per market establishment for the unincorporated construction sector was estimated to be about Rs. 7.98 lakh and the corresponding output per establishment was Rs. 16.25 lakh.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 10 2026 | 6:31 PM IST



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Board of Muthoot Finance approves inclusion of sub-clause in main objects of MoA

INR settles lower amid lingering geopolitical uncertainties; RBI measures help retain support near 3-week high

by | Apr 10, 2026 | Share Market


Last Updated : Apr 10 2026 | 5:32 PM IST

The Indian rupee pared initial gains and settled for the day 24 paise lower at 92.76 (provisional) against the US dollar on Friday, weighed down by risks from rising global tensions, especially the US-Iran conflict. Rupee witnessed high volatility as the deadline for the RBI’s instructions to banks to curb their overnight positions to USD 100 million closes on Friday amid heightened geopolitical uncertainty. At the interbank foreign exchange market, the rupee opened at 92.58 against the US dollar, then lost ground to touch an intra-day low of 92.76 against the greenback. It also hit the day’s high of 92.41 during the session. Indian shares rallied on Friday in a broad market rally even as fresh Israeli strikes on Lebanon cast doubt over the durability of the fragile U.S.-Iran ceasefire. The Sensex closed at 77,550.25 and the Nifty 50 ended at 24,050.60.

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 10 2026 | 5:32 PM IST



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Board of Muthoot Finance approves inclusion of sub-clause in main objects of MoA

Om Power Transmission IPO subscribed 0.71%

by | Apr 10, 2026 | Share Market


The offer received bids for 42.47 lakh shares as against 60.02 lakh shares on offer.

Om Power Transmission received bids for 42,47,195 shares as against 60,02,730 shares on offer, according to stock exchange data at 17:00 IST on Friday (10 April 2026). The issue was subscribed 0.71 times.

The issue opened for bidding on 09 April 2026 and it will close on 13 April 2026. The price band of the IPO is fixed between Rs 166 and 175 per share. An investor can bid for a minimum of 85 equity shares and multiples thereof.

The offer includes a fresh issue of 75.75 lakh equity shares and an offer for sale of 10 lakh equity shares of Rs 10 each. The entire offer-for-sale portion is being made by the promoters: Kalpesh D. Patel (3.5 lakh shares), Kanubhai Patel (3.5 lakh shares), and Vasantkumar N. Patel (3 lakh shares).

 

Of the net proceeds from the fresh issue, the company proposes to utilize Rs 11.2094 crore towards funding capital expenditure, Rs 25 crore towards repaying/prepaying in full or in part certain borrowings availed by the company, Rs 55 crore towards funding working capital requirements, and the balance for general corporate purposes.

As of December 31, 2025, the company had total borrowings of Rs 38.4675 crore.

Om Power Transmission is an EPC company in power transmission, promoted by Kalpesh Patel, Kanubhai Patel, and Vasantkumar Patel. Founded in 2011, it executes high-voltage lines (11400 kV), substations (up to 220 kV), and underground cabling, providing turnkey solutions including O&M. Primarily serving PSUs (~84% revenue), it operates mainly in Gujarat and has expanded to Rajasthan, Punjab, and Dadra & Nagar Haveli. Its order book stood at Rs 744.6 crore across 58 projects as of Dec 31, 2025.

Ahead of the IPO of Om Power Transmission on 23 March 2026, the company raised Rs 45.01 crore from anchor investors by allotting 25.72 lakh shares at Rs 175 each to 4 anchor investors.

For the nine months ended 31 December 2025, the firm recorded a consolidated net profit of Rs 23.37 crore and sales of Rs 274.54 crore.



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Board of Muthoot Finance approves inclusion of sub-clause in main objects of MoA

PropShare Celestia SM REIT IPO subscribed 65%

by | Apr 10, 2026 | Share Market


The offer received bids for 1,509 units as against 2,323 units on offer.

The initial public offer of PropShare Celestia SME REIT IPO received bids for 1,509 units as against 2,323 units on offer, according to stock exchange data at 17:03 IST on Friday (10 April 2026). The issue was subscribed 0.65 times.

The issue opened for bidding on Friday 10 April 2026 and it will close on 16 April 2026. The price band of the IPO is fixed at Rs 10 lakh to 10.50 lakh.

The REIT IPO comprises fresh units worth, aggregating up to Rs 244.65 crore.

The proceeds from the offer will be utilised towards acquisition of Project Celestia and payment of the sinking fund to the society by the Celestia SPVs and reimbursement or direct payment, as applicable, of statutory charges under applicable lawsincluding stamp duty, registration fees, surcharges and cess related to the registration of sale deedsto the Investment Manager for the proposed acquisition. The funds will be deployed by way of lending to the Celestia SPVs and subscribing to their equity and debt instruments.

 

PropShare Celestia is the third scheme launched by Property Share Investment Trust, India’s first small and medium real estate investment trust registered with the Securities and Exchange Board of India (SEBI). Project Celestia has a super built-up area of 2,07,838 sq. ft and is 100% occupied by four tenants, including three managed-office operators Smartworks Coworking Spaces, EFC (both publicly listed) and Paragraph Khajanchi Business Centre LLP (one of the top five co-working operators in Ahmedabad in terms of no. of operational seats) and a Swedish based listed telecommunications MNC.

PropShare Celestia projected distribution yield of 8.1% for the FY26, 8.4% for the FY27, 8.7% for the FY28 and 8.9% for the FY29.

In FY25, the trust posted a loss of Rs 20.01 crore, with revenue from operations at Rs 4.66 crore.



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Board of Muthoot Finance approves inclusion of sub-clause in main objects of MoA

Quick Wrap: Nifty Auto Index records a surge of 2.85%, NIFTY climbs 1.16%

by | Apr 10, 2026 | Share Market


Last Updated : Apr 10 2026 | 5:16 PM IST

Nifty Auto index ended up 2.85% at 26640.9 today. The index has added 3.00% over last one month. Among the constituents, Sona BLW Precision Forgings Ltd rose 5.97%, Samvardhana Motherson International Ltd gained 4.50% and Ashok Leyland Ltd jumped 4.48%. The Nifty Auto index has increased 32.00% over last one year compared to the 7.37% spike in benchmark Nifty 50 index. In other indices, Nifty MNC index increased 2.09% and Nifty Realty index added 2.08% on the day. In broad markets, the Nifty 50 added 1.16% to close at 24050.6 while the SENSEX increased 1.20% to close at 77550.25 today.
 

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 10 2026 | 5:16 PM IST



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