09 April 2026
A sharp compliance-led development stood out today as Suraj Estate Developers forfeited ₹49.87 crore after 13.3 lakh preferential warrants were not converted within the 18-month SEBI deadline.
The warrants were issued at ₹750 each, but the holder failed to exercise the conversion option by April 8, 2026, forcing the company to forfeit the upfront 25% subscription amount under SEBI rules.
In another key business update, IRB InvIT Fund reported March toll revenue of ₹1,694 million, up 10% YoY from ₹1,538 million, with Tumkur-Chitradurga, Hapur-Moradabad, and Kishangarh-Gulabpura corridors leading collections.
On the corporate front, Ken Enterprises secured the ZED Gold award, reinforcing its zero-defect, sustainability-led manufacturing positioning.
Meanwhile, Sagarsoft clarified to BSE that no undisclosed event is behind the recent price movement, while Delhivery scheduled an analyst meet on April 15 at its Bhiwandi mega gateway, focused only on business outlook and public data.
A governance comfort came from Nova Agritech, which confirmed zero promoter share encumbrance during FY26.
