VLUXE Investments

🚐 Force Motors March sales at 4,199 units (+13% YoY | +8% MoM); FY26 at 37,619 units (+17% YoY) 👉🏻 Total sales: 4,199 units (+13% YoY | +8% MoM) 👉🏻 Domestic sales: 4,126 units (+14% YoY | +8% MoM) 👉🏻 Exports: 73 units (-22% YoY | +12% MoM) 👉🏻 FY26 total sales: 37,619 units (+17% YoY) 🧠 Management Commentary & Outlook 👉🏻 Export volumes impacted due to geopolitical tensions, especially Middle East #ForceMotors #FORCEMOT #AutoSales #CommercialVehicles #IndiaAuto #FY26

🏍️ TVS Motor March sales at 5,19,358 units (+25% YoY | -2% MoM | -2% vs est) 👉🏻 Total sales: 5,19,358 units (+25% YoY | -2% MoM) 👉🏻 2W sales: 4,98,134 units (+24% YoY | -2% MoM) 👉🏻 Motorcycles: 2,32,788 units (+18% YoY | -4% MoM) 👉🏻 Scooters: 2,17,624 units (+31% YoY | -1% MoM) 👉🏻 EV sales: 38,877 units (+44% YoY | +1% MoM) 👉🏻 Exports: 1,41,443 units (+25% YoY | -11% MoM) 👉🏻 FY26 total sales: 58,89,008 units (+24% YoY) 🧠 Management Commentary & Outlook: 👉🏻 Highest-ever annual sales in FY26 at 59 Lakh+ units 👉🏻 Strong growth across 2W, EV, and international business 👉🏻 Q4 sales growth at 28% YoY; strong momentum sustained 👉🏻 3W segment growth at 46% YoY in March 👉🏻 Export growth remained robust across markets #TVSMotor #AutoSales #TwoWheelers #EV #FY26

Statement by the Internet Freedom Foundation (IFF) on Delhi Police Notices to X (formerly Twitter) Seeking User Data in FIR No. 135/2026 The Internet Freedom Foundation is deeply concerned by reports that Delhi Police has written to X seeking expansive identifying information for multiple social media accounts. The demand is in connection with with FIR No. 135/2026 registered at PS IP Estate, Central Delhi (dated 24.03.2026) under Sections 316(4) read with 3(5) of the Bharatiya Nyaya Sanhita (BNS) and Section 72A of the Information Technology Act, 2000. These notices publicly shared and now under scrutiny target several X handles, including @khurpenchh, @YTKDIndia, @gemsofbabus_, @IamTheStory__, and @NalinisKitchen (among others). They seek not just basic subscriber information but highly intrusive details including, mobile numbers and emails used for registration, full IP logs with ports for all active sessions since account creation, recovery emails, and “any other information”. Such sweeping demands go far beyond what is necessary or proportionate for any legitimate investigation such as basic subscriber information that may be legitimately requested. The FIR itself raises serious concerns about misuse of criminal law against online expression. From information available in the public domain it alleges that posts on X by these handles were published with “malicious intent to defame” a victim (referred to as “her”), causing “chaos before the public,” and that certain “highly confidential” details were “stolen” and disclosed. The invoked sections, BNS 316(4) (criminal breach of trust by a clerk/servant, carrying up to 7 years’ imprisonment) read with 3(5) (common intention/joint liability), and IT Act 72A (disclosure of information in breach of lawful contract) appear stretched and ill-suited to the facts. A prima facia analysis of the specific posts referenced in the notices (e.g., content from @khurpenchh dated around 10 March 2026) shows they involve public-interest exposes alleging irregularities in appointments at FSSAI (Food Safety and Standards Authority of India). Far from baseless defamation, these appear to be critical commentary and allegations of possible malpractices in public employment, which are protected forms of speech under Article 19(1)(a) of the Constitution. Resorting to criminal provisions meant for breach of trust by employees or contractual disclosures to unmask critics sets a dangerous precedent. If the core grievance is reputational harm then a statement by the government body or even perhaps in extreme situation civil remedies (such as a defamation suit) would suffice. Instead, the police have chosen the criminal route, which carries the threat of arrest, investigation, and chilling effects. This is a classic case of weaponising criminal law to suppress scrutiny of public officials and institutions. The data demands pose grave privacy risks under Article 21 of the Constitution. Requiring IP logs, port details, and session history since account creation enables not just identification but comprehensive tracking of users’ digital footprints. In an era of pervasive surveillance, this could expose critics, journalists, or whistleblowers to harassment, doxxing, or retaliation especially when the accounts appear to be anonymous voices highlighting alleged systemic issues. Further, X (as an intermediary) is being asked to hand over data without adequate judicial oversight or necessity demonstration, echoing patterns IFF has repeatedly flagged in cases involving Section 69 of the IT Act or CrPC/BNSS notices. Such bulk, open-ended requests (“any other information”) violate the principles of necessity, proportionality, and minimal intrusion laid down by the Supreme Court in K.S. Puttaswamy v. Union of India (2017) and subsequent digital rights jurisprudence. We must remember that anonymous or pseudonymous accounts play a vital role in India’s online discourse, enabling fearless criticism of power without fear of reprisal. By pursuing these handles through police notices and FIRs, the authorities send a clear message that you question the system at your peril. The affected users have rightly described this as a “witch hunt.” IFF echoes that concern. At a time when digital spaces are among the few remaining avenues for robust public debate, such actions erode the foundational guarantee of free speech and expression under Article 19(1)(a). They also undermine trust in law enforcement, turning routine criticism into criminal investigations that drain resources better spent on real crimes. IFF will continue monitoring this case. Freedom of expression on the internet is not a privilege but a constitutional right that must be fiercely protected against overreach. Internet Freedom Foundation New Delhi 02 April 2026

📉 Nifty down 0.47% this week; FIIs sold ₹29,425 Cr in 3 days 👉🏻 FIIs sold ₹29,425.34 Cr, DIIs bought ₹29,274.93 Cr 👉🏻 Net outflow at ₹150.41 Cr for the short week 👉🏻 Markets closed on Wednesday (Mahavir Jayanti) & Friday (Good Friday) 👉🏻 Nifty ends week at 22,713.1 (down 0.47%) #Nifty #FIIs #DIIs #StockMarket #FundFlows

FII/DII (2nd April) IG: instagram.com/vluxeinvests/ TG: t.me/vluxeinvests

An FIR has been recently filed against us by someone powerful in the FSSAI for asking about the questionable recruitment process and inadequate qualifications of some of the FSSAI officials.

BREAKING: US oil prices surge over +10% to $110/barrel, on track for the highest close since June 2022.

Since an FIR has been filed against me, I want to ask the Health Minister a few questions. JP Nadda ji, why is FSSAI going after those who are raising questions instead of those accused of wrongdoing? In a Democracy, does an ordinary citizen not have the right to question alleged irregularities in public institutions? We exposed alleged corruption and irregularities in FSSAI’s recruitment process. Instead of investigating the matter, FIRs are being used against those speaking in the public interest. Is this accountability or an attempt to intimidate and silence dissent?

Delhi Police has written to X Inc. seeking detailed information about multiple social media handlers, including mobile numbers used for account registration, IP logs, ports accessed, and recovery email IDs. According to sources, the notice also asked for “any other information” that could help in identifying or tracing the individuals behind these accounts. Following this, several of the concerned handlers have come forward publicly, alleging that the move amounts to a “witch hunt.” They claim the action is aimed at targeting voices that question or criticize the system, raising concerns over freedom of expression on digital platforms. The development has sparked a wider debate online, with many users questioning whether seeking such extensive personal data is justified or an overreach. @DelhiPolice @CPDelhi @DCPCentralDelhi @DCPNewDelhi

🚗 Mahindra & Mahindra Financial Services Ltd Q4 disbursement at ₹17,180 Cr, up ~11% YoY 👉🏻 Q4 disbursement: ₹17,180 Cr, up ~11% YoY 👉🏻 FY26 disbursement: ₹61,100 Cr, up ~6% YoY 👉🏻 AUM: ₹1,33,800 Cr, up ~12% YoY 👉🏻 Asset quality: Stage-3 improves to 3.4–3.5% 👉🏻 Efficiency: Collection efficiency at 98% in Q4 #M_MFinancial #M_MFIN #NBFC #AutoFinance #Growth

🏦 Equitas Small Finance Bank Ltd advances at ₹46,183 Cr, up 21.6% YoY 👉🏻 Advances: ₹46,183 Cr vs ₹37,986 Cr (+21.6% YoY) 👉🏻 Deposits: ₹46,533 Cr vs ₹43,102 Cr (+8% YoY) 👉🏻 Disbursement: ₹7,347 Cr in Q4, up 72% YoY 👉🏻 Asset quality: 1–90 DPD down to 1.43% 👉🏻 Efficiency: X-bucket collection at ~99.7% #EquitasSFB #EQUITASBNK #Banking #NBFC #Growth

💊 Emcure Pharmaceuticals Ltd cuts Poviztra price by 55% to ₹3,999/month 👉🏻 Price cut: Starting dose reduced 55% to ₹3,999/month 👉🏻 Product: Poviztra (semaglutide) weight-loss drug 👉🏻 Range: Prices cut ~47% across all dosage variants 👉🏻 Access: Aims to expand affordability for obesity treatment 👉🏻 Effective: New pricing from 3 April 2026 #Emcure #Pharma #Healthcare

🤖 Coforge Ltd partners with Solstice Innovations for AI-led insurance modernization 👉🏻 Partner: Solstice Innovations (US-based insurtech firm) 👉🏻 Scope: Agentic AI-driven P&C insurance modernization 👉🏻 Platform: Integration of Forge-X with Equinox AI system 👉🏻 Capability: Faster onboarding, migration & system integration 👉🏻 Impact: Reduces cost, improves speed & efficiency for insurers #Coforge #AI #Insurtech #Technology

🛍️ Baazar Style Retail Ltd FY26 revenue at ₹1,842 Cr, up 37% YoY 👉🏻 FY26 revenue: ₹1,842 Cr vs ₹1,344 Cr (+37%) 👉🏻 Q4 revenue: ₹466 Cr vs ₹345 Cr (+35% YoY) 👉🏻 Stores: Total store count at 263 stores 👉🏻 Expansion: 56 stores added in FY26, 11 in Q4 👉🏻 Metrics: SSSG at 8% in Q4, PSF at ₹698 #BaazarStyle #STYLEBAAZA #Retail #Growth #Consumption

💳 RateGain Travel Technologies Ltd partners with Razorpay for RG Pay platform 👉🏻 Partner: Razorpay as Platinum Partner for RG Pay 👉🏻 Platform: RG Pay for travel & hospitality payments 👉🏻 Scope: Integrates UPI, cards, net banking & EMI options 👉🏻 Benefit: Improves checkout conversion & booking completion 👉🏻 Focus: Enables seamless global payment experiences #RateGain #Fintech #TravelTech #Payments

🏥 Hemant Surgical Industries Ltd signs C-ARM tech agreement with GBT Korea 👉🏻 Partner: GBT Korea Co., Ltd (Republic of Korea) 👉🏻 Scope: Develop & localize C-ARM imaging systems 👉🏻 Tech: X-ray generators & electronic control systems 👉🏻 Use-case: Real-time imaging for ortho, trauma & cardiac procedures 👉🏻 Value: Agreement size not disclosed #HemantSurgical #HSIL #MedicalDevices #Healthcare #Technology

💊 Alkem Laboratories Ltd raises Ujjain capex to ₹1,036 Cr from ₹533 Cr 👉🏻 Capex: Increased to ₹1,036 Cr from ₹533 Cr 👉🏻 Location: Ujjain, Madhya Pradesh (DMIC Vikram Udyogpuri) 👉🏻 Facility: Greenfield formulations manufacturing plant 👉🏻 Land: ~30 acres allotted earlier for the project 👉🏻 Execution: Investment to be made in phased manner #Alkem #Pharma #Capex #Manufacturing

🧵 Sai Silks (Kalamandir) Ltd FY26 revenue at ₹1,653 Cr, up 13% YoY 👉🏻 Q4 revenue: ₹419 Cr vs ₹399 Cr (+5% YoY) 👉🏻 FY26 revenue: ₹1,653 Cr vs ₹1,462 Cr (+13%) 👉🏻 Expansion: 13 new stores added in FY26 👉🏻 Network: Total store count at 81 stores 👉🏻 Area: Retail footprint at ~7.94 lakh sq ft #SaiSilks #KALAMANDIR #Retail #Textiles #Growth

🏦 Ujjivan Small Finance Bank Ltd FY26 deposits at ₹45,661 Cr, up 21.3% YoY 👉🏻 Deposits: ₹45,661 Cr vs ₹37,630 Cr (+21.3% YoY) 👉🏻 CASA: ₹13,055 Cr, CASA ratio at 28.6% 👉🏻 Loans: ₹40,655 Cr vs ₹32,122 Cr (+26.6%) 👉🏻 Disbursement: ₹9,763 Cr in Q4, up 31.4% YoY 👉🏻 Asset quality: GNPA at 2.27%, improved QoQ #UjjivanSFB #UJJIVANSFB #Banking #NBFC

🏗️ Dhruv Consultancy Services Ltd empanelled as PMC by BMC for 5 years 👉🏻 Client: Brihanmumbai Municipal Corporation (BMC) 👉🏻 Scope: Design of roads, pavements & utility ducts 👉🏻 Role: Project Management Consultant with QA/QC services 👉🏻 Tenure: Empanelment valid for 5 years 👉🏻 Coverage: Municipal roads & trench works across Mumbai #DhruvConsultancy #DHRUV #Infra #BMC #Consultancy