Markets

REC Limited Board Comments on Fines Related to Board Composition REC Limited, a Maharatna Company, reported that its Board of Directors addressed a matter of non-compliance regarding the composition of the Board during a meeting held on March 16, 2026. This follows a communication dated February 27, 2026, from the National Stock Exchange of India Limited (NSE) and BSE Limited regarding non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The Board noted the non-compliance and the associated fines imposed by the stock exchanges. The Board requested that regular follow-up be made with the Ministry of Power, Government of India, to expedite the appointment of independent directors. They also...

Nupur Recyclers Limited Discloses Share Acquisition by Uninav Developers Private Limited Nupur Recyclers Limited announced on March 18, 2026, that it received a disclosure from Uninav Developers Private Limited regarding the acquisition of 75,000 equity shares of the company on March 16, 2026. This acquisition represents approximately 0.11% of the company’s equity share capital.According to the disclosure, Uninav Developers Private Limited acquired the shares at a price of ₹51.54 per share, for a total consideration of ₹38,65,500 (Rupees Thirty Eight Lakh Sixty Five Thousand Five Hundred only).Anoop Garg, Director of Uninav Developers Private Limited, confirmed the transaction and stated that no provisions of the company's Code or...

ICICI Bank Redeems USD 816 Million in Notes ICICI Bank Limited has completed the redemption of USD 800 million in notes issued under its Global Medium Term Note Programme (GMTN Programme). The redemption occurred on March 18, 2026, with a total sum of USD 816,000,000.00 paid out.The total redemption amount consisted of a principal amount of USD 800,000,000.00 and an aggregate accrued interest of USD 16,000,000.00 from the last interest payment date to the maturity date. The notes were identified by ISINs: US45112FAJ57/ US45112EAG44.Source:

Power & Instrumentation (Gujarat) Limited Allots Equity Shares Following Warrant Conversion Ahmedabad, March 18, 2026 – Power & Instrumentation (Gujarat) Limited announced today that its Board of Directors approved the allotment of 5,43,531 equity shares following the conversion of convertible warrants. The allotment, executed at a premium of Rs. 73.75 per share, pertains to warrants initially issued on September 21, 2024.The conversion was carried out on a preferential basis to both promoter and non-promoter entities, in accordance with SEBI (Issue of Capital & Disclosures Requirement) Regulations, 2018.As a result of this allotment, the company’s paid-up equity capital has increased to Rs. 20,86,89,000, comprising 2,08,68,900...

United Breweries Receives Environmental Clearance for Uttar Pradesh Brewery United Breweries Limited announced it has received Environmental Clearance (EC) for its proposed greenfield brewery in Uttar Pradesh. The clearance, dated March 17, 2026, was granted by the State Environment Impact Assessment Authority (SEIAA) [Ministry of Environment, Forest and Climate Change], Uttar Pradesh, under the EIA (Environmental Impact Assessment) Notification, 2006.The brewery, located at Plot No. 3, Industrial Manufacturing & Logistics Cluster, Unnao, Uttar Pradesh, will have an annual capacity of 1.3 million hectolitres. The approval is subject to specific conditions.Previous updates on the project were provided on February 13, 2025 and...

Bajaj Auto Re-Appoints Pradeep Shrivastava as Whole-time Director Bajaj Auto Limited announced on March 18, 2026, the re-appointment of Shri Pradeep Shrivastava as a Whole-time Director and Executive Director. The decision, based on a recommendation from the Nomination and Remuneration Committee, was approved by the Board of Directors at a meeting held on March 18, 2026.Shri Shrivastava’s new term will commence on April 1, 2026, and extend for five consecutive years, pending shareholder approval.Shri Pradeep Shrivastava joined Bajaj Auto in April 1986. He holds a Mechanical Engineering degree from IIT Delhi and a graduate diploma in Production and Finance from IIM Bangalore. He currently serves on the Supervisory Board of KTM AG and...

Belrise Industries Limited to Acquire Chester Hall Precision Engineering Holdings Limited Belrise Industries Limited announced on March 18, 2026, that its wholly-owned subsidiary, Belrise UK Holdings Limited, has signed a Share Purchase Agreement to acquire 100% of the issued share capital of Chester Hall Precision Engineering Holdings Limited. Chester Hall Precision Engineering Holdings Limited is a company incorporated in England and Wales, with its registered office at 24 Old Bond Street, London W1S 4AP, United Kingdom.The acquisition is expected to support Belrise Industries’ long-term strategic and technological objectives and expand its presence in the aerospace and defense sector. The transaction is not considered a related...

Belrise Industries Limited Acquires Chester Hall Precision Engineering National, 18th March 2026: Belrise Industries Limited (BIL), a leading Indian automotive component manufacturer, announced that its wholly-owned subsidiary, Belrise UK Holdings Limited, has acquired 100% of Chester Hall Precision Engineering Holdings Limited (Chester Hall), a United Kingdom-based precision engineering group. The acquisition marks BIL’s entry into the global aerospace, space, and defence precision engineering supply chain.Chester Hall specializes in machining aerostructures, aero-engine components, and satellite parts, serving major aerospace customers. The company possesses expertise across aerospace alloys, including titanium and high-grade...

Genesis Exports Private Limited Discloses Acquisition of La Opala RG Limited Shares La Opala RG Limited announced on March 18, 2026, that Genesis Exports Private Limited, a promoter of the company, has disclosed the acquisition of 35,000 equity shares. The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.As of March 16, 2026, Genesis Exports Private Limited and its PACs held 5,20,60,000 shares, representing 46.90% of the company's equity. Following the acquisition, the total holding increased to 5,20,95,000 shares, representing 46.90% of the company’s equity.The acquisition was made through open market transactions on March 16 and 17, 2026...

Camlin Fine Sciences Initiates Judicial Liquidation Proceedings for European Subsidiary Camlin Fine Sciences Limited announced on March 18, 2026, that the Ordinary Court of Ravenna, Italy, has initiated judicial liquidation proceedings for CFS Europe S.p.A., a wholly-owned subsidiary of the company. This follows an appeal filed by the Collegio Sindacale (Board of Statutory Auditors) of CFS Europe S.p.A. on January 15, 2026.The proceedings are being carried out under the Italian Code of Corporate Crisis and Insolvency. The Court has appointed a delegated Judge and Court-appointed Liquidators (Curatori) to manage the procedure.As of March 31, 2025, CFS Europe S.p.A. contributed a turnover of 7,873.81 Lakhs (4.72% of the total) and a...

Steel Strips Wheels Limited Announces Resignation of Nominee Director Steel Strips Wheels Limited (SSWL) announced today, March 18, 2026, the resignation of Sanjay Surajprakash Sahni as a Non-Executive Nominee Director on its board. The resignation follows Sahni’s departure from Tata Steel Limited (TSL), the company that nominated him.Sahni’s resignation is effective from the close of business hours on March 18, 2026. He confirmed that there is no other material reason for his resignation beyond his departure from TSL. Tata Steel has also confirmed the withdrawal of Sahni’s nomination.Details of the Change: The following table summarizes the details of the resignation, as per SEBI regulations:Reason for change vs. resignation /...

Alldigi Tech Appoints Natarajan Laxsmanan as Chief Executive Officer and Key Managerial Personnel Alldigi Tech Limited announced the appointment of Mr. Natarajan Laxsmanan as Chief Executive Officer and Key Managerial Personnel, effective March 18, 2026. The decision was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.Mr. Laxsmanan previously served as Chief Operating Officer of Digitide Solutions, the holding company, where he led Global Business Process Management operations. Prior to that, he held senior leadership roles at Accenture and Alight Solutions, managing full P&L responsibilities and leading teams across multiple markets including India, the Philippines, China...

Gillette India Updates Status of Manufacturing Facility Permits Gillette India Limited reported on March 18, 2026, that it has submitted new applications for the renewal of its Consent to Operate (CTO) and authorization under the Hazardous Waste (Management and Transboundary) Rules, 2016, for its manufacturing facility located in Bhiwadi, Rajasthan.The update follows a previous communication dated March 15, 2026, regarding the refusal of renewal for these permits. The company is currently engaged in discussions with the Rajasthan State Pollution Control Board (RSPCB) as part of the renewal process.Gillette India confirmed that operations at the Bhiwadi plant are continuing without interruption. Source:

Gem Aromatics Limited Discloses Shareholding Changes by Promoter Gem Aromatics Limited announced on March 18, 2026, details regarding changes in the holding of securities by a promoter, as per the SEBI (Prohibition of Insider Trading) Regulations, 2015.Kaksha Vipul Parekh, a Promoter and Designated Person, acquired 75,000 equity shares of the company on March 18, 2026, through a market transaction on the National Stock Exchange. This acquisition increased Parekh’s total shareholding to 4,768,219 shares, representing 89.8%.The company confirmed that no trading in derivatives of the company was executed.Kaksha Vipul Parekh, Whole-Time Director & CFO, DIN: 00235998, made the disclosure.Name.Person (Promoters/member of the...

B.A.G Films and Media Limited Receives In-Principle Approval for Warrants Issuance B.A.G. Films and Media Limited announced on March 18, 2026, that it has received in-principle approval from the BSE Limited and the National Stock Exchange of India (NSE) for the issue of warrants convertible into equity shares to a member of the Promoter Group on a preferential basis.The company seeks to issue 2,000,000 warrants convertible into 2,000,000 equity shares of Rs. 2/- each at a price not less than Rs. 8.25/-.The BSE’s approval arrived via letter No. LOD/PREF/GB/FIP/1902/2025-26 dated March 17, 2026, while the NSE’s approval was conveyed through letter No. NSE/LIST/53069 dated March 18, 2026.Source:

Mobavenue AI Tech Limited Appoints Vijay Basantani as Group Chief Financial Officer Mumbai, March 18, 2026: Mobavenue AI Tech Limited ('Mobavenue AI'), a digital-first technology company offering AI-powered advertising and consumer growth platforms, has appointed Vijay Basantani as Group Chief Financial Officer (CFO).Vijay Basantani brings over two decades of experience to the role, previously holding key positions at Omnicom Media Group, Dentsu, Mahindra & Mahindra, and Infosys Technologies. He is a Chartered Accountant with expertise in strategic finance, operational finance, corporate governance, business planning & analysis, financial controllership, corporate legal & compliance, enterprise risk management, and...

GVN Prasad Appointed Additional Charge of Managing Director at The Orissa Minerals Development Company Limited The Orissa Minerals Development Company Limited (OMDC) announced the appointment of Shri GVN Prasad as the additional charge of Managing Director (MD) and Director (P&P), effective February 22, 2026. This appointment, approved by the competent authority, is for a period of one year or until further orders.The change follows the completion of Shri Vasudha Chandra Suratkal’s tenure, who held the additional charge of the posts of Managing Director and Director (P&P) since February 22, 2025, as per order no. 7/7/2015-BLA dated February 25, 2025, issued by the Ministry of Steel, Government of India.Shri GVN Prasad is currently...

Quick Heal Technologies Receives No-Objection for Promoter Reclassification Quick Heal Technologies Limited announced on March 18, 2026, that it has received no-objection certificates from both the National Stock Exchange of India Limited and the BSE Limited regarding the reclassification of Gagan Bharari Enterprises LLP. The firm had previously submitted an application on February 3, 2026, seeking this reclassification from Promoter and Promoter Group to Public category, as per regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.The reclassification applies to Gagan Bharari Enterprises LLP, as detailed in letters received from the National Stock Exchange of...

City Union Bank Limited Opens Two New Branches in New Delhi City Union Bank Limited announced the opening of two new branches on March 18, 2026, expanding its presence in New Delhi. The new branches are located in Dilshad Garden and Jasola.The Dilshad Garden branch is situated at D.2I612, Central Bloc( Dilshad Garden Near J&K Govt. School, New Delhi 110 09s, and operates under Branch No. 928 and CBS Code 00933. The Jasola branch is located at 87, Ground Floor, Niruana Suites, Pocket - 1 Jasola, New Delhi - 110 025, and is designated as Branch No. 929 with CBS Code 00934.With these additions, City Union Bank Limited now has a total of 929 branches.sl. NoNAME OF THE . BRANCHBRANCH NO.CBS CodeADDRESS1Dilshad...

IndusInd Bank Approves Stock Option Grant to Employees IndusInd Bank Limited announced on March 18, 2026, that its Compensation and Nomination & Remuneration Committee approved the grant of stock options to 5 eligible employees. The grant includes 81,500 stock options, convertible into 81,500 equity shares.The grant price for the stock options is set at Rs. 820.85 per share, which aligns with the previous trading day's closing price on the National Stock Exchange. The vesting period is structured over 3 years, with 33% vesting after the first year, 33% after the second year, and 34% after the third year. Following vesting, employees have a 5-year period to exercise the options.The details of the grant are available on the bank's...