Prism Medico Board Clears ₹25 Crore Preferential Issue
Prism Medico & Pharmacy Limited’s Board has approved alteration of Article 15 of its Articles of Association to enable issuance of further securities.
The company also cleared a preferential issue comprising:
Up to 75 lakh equity shares at ₹20 per share (aggregating ₹15 crore)
Up to 50 lakh convertible warrants (aggregating ₹10 crore)
The total proposed fundraise stands at ₹25 crore, subject to shareholder approval at an Extraordinary General Meeting scheduled for March 20, 2026. The issue will be made to promoters and non-promoters. A scrutinizer has been appointed to oversee the e-voting process.
IDFC First Bank Discloses ₹590 Crore Fraud Impact
IDFC First Bank released the transcript of its conference call held on February 23, 2026, addressing an employee fraud incident at one branch involving Haryana government-linked accounts.
Key Details:
Estimated Financial Impact: ₹590 crore
₹490 crore linked to reconciliation discrepancies
₹100 crore estimated additional exposure
Suspected employees have been suspended.
Senior management is not involved.
A forensic audit by KPMG is underway.
Law enforcement agencies have been engaged.
Recovery actions have been initiated.
The bank stated it remains well-capitalized and expects ongoing profitability to absorb the financial impact.
Acknit Industries Inaugurates New West Bengal Unit
Acknit Industries Limited inaugurated a new factory unit at Mouza Gopalpur, Chandigarh, West Bengal on February 22, 2026. The event was attended by directors and senior officials.
The company indicated that updates regarding commencement of commercial production will be shared in due course. The new facility is expected to enhance manufacturing capacity.
Capital Trade Links Allots Shares Under Agreement
Capital Trade Links Limited has allotted 4,444 equity shares to Upkram Technologies Private Limited in accordance with the Shareholders' Agreement.
The allotment follows earlier disclosures related to the agreement and previous share issuances.
Happy Square Announces Management Reshuffle, MOA Amendment Plan
Happy Square Outsourcing Services Limited announced key leadership changes:
Mr. Vikas Jain appointed as Chief Financial Officer and Key Managerial Personnel (KMP).
Mrs. Poonam Rajpal resigned as Managing Director effective February 23, 2026, and will be appointed Whole-Time Director and KMP from February 24, 2026.
Mrs. Shraddha Rajpal appointed as Managing Director and KMP effective February 23, 2026.
The company also plans to amend its Memorandum of Association to expand into farm labour and agricultural support services, subject to shareholder approval.
