Markets

Prakash Woollen & Synthetic Mills Ltd. Receives Rs. 3.85 Crore Subsidy for Expansion Project Prakash Woollen & Synthetic Mills Ltd., a manufacturer, exporter, and importer of mink blankets, announced it has received a subsidy of Rs. 3.85 crore from the Handloom and Textile Directorate under the U.P. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017, on March 16, 2026. The subsidy is connected to the company’s expansion project.Details of the subsidy are outlined below:DetailAmount (Rs.)Name of the SchemeUP. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017Amount Received3.85 CrNature of SubsidyCapital Subsidy: 2.71 Cr, Interest Subsidy: 1.14 CrPurposeCapital Subsidy for Loan RepaymentSneha...

Patanjali Foods Limited Receives Order from Central Goods and Service Tax Authority Patanjali Foods Limited announced on March 17, 2026, that it received an order from the Office of the Commissioner of Central Goods and Service Tax and Central Excise – Kutch (Gandhidham). The order, dated March 13, 2026, pertains to a reversal of Cess Input Tax Credit (ITC), excess ITC availed, and non-payment of Reverse Charge Mechanism (RCM) during the years 2019-20, 2020-21, 2021-22, and 2022-23.The company estimates a potential financial liability of Rs. 3,86,78,700, including tax demand with interest and penalty. Patanjali Foods Limited stated that it does not anticipate any other impact on its financial, operational, or other activities.The...

Mafatlal Industries Secures Order Valued at INR 114 Crore from Odisha Computer Application Centre Mafatlal Industries Limited has received an order valued at approximately INR 114 crore from the Odisha Computer Application Centre (OCAC). The order, awarded on March 17, 2026, involves setting up 500 robotic laboratories across 16 districts in the State of Odisha under the School and Mass Education Department.The project is scheduled for execution over a period of five years. The contract is a domestic order involving the implementation of robotic labs in secondary schools within Odisha.Below is a summary of the order details:ParticularsDetailsEntity Awarding OrderOdisha Computer Application Centre (OCAC)Scope of WorkSetting...

Kirloskar Ferrous Industries Reports Temporary Production Disruption at Solapur Plant Kirloskar Ferrous Industries Ltd. announced a partial disruption of operations at its Solapur plant, effective March 17, 2026. The disruption impacts one of two High Pressure Moulding Lines due to an affected supply of Liquefied Petroleum Gas (LPG).The company cited disruptions in global energy supply chains linked to the Middle East conflict as the cause of the LPG supply issues. Management is currently monitoring the situation and exploring alternative supply sources or resources to mitigate the impact.The company’s stock trades on the BSE under scrip code 500245.Source:

Sri Lotus Developers and Realty Limited Incorporates Wholly Owned Subsidiary Sri Lotus Developers and Realty Limited announced the incorporation of a wholly owned subsidiary, Sri Lotus Imperial Projects Private Limited, on March 14, 2026. The new subsidiary has a Corporate Identification Number of U68200MH2026PTC469396.Sri Lotus Imperial Projects Private Limited has an authorized capital of Rs. 10,00,000 and a paid-up capital of Rs. 10,00,000. The company is yet to commence business operations.The initial subscription amount for the wholly owned subsidiary does not fall under the purview of Related Party Transactions. The subsidiary will expand the company’s business in the real estate sector.The cost of acquisition totaled Rs...

BF Investment Limited Appoints Independent Woman Director, Addresses NSE Compliance Concerns BF Investment Limited announced the appointment of an Additional, Non-Executive - Independent Woman Director on March 17, 2026, effective immediately. The appointment is for a period of three consecutive years, concluding on March 16, 2029, and was recommended by the Nomination and Remuneration Committee. The appointment is subject to shareholder approval via postal ballot.The move follows a review of the company’s compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically concerning the composition of the Board, including the requirement to appoint an Independent Woman Director. The Board discussed...

Hindustan Copper Limited Faces Fine for Corporate Governance Non-Compliance Hindustan Copper Limited (HCL) has been fined by both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Each exchange imposed a fine of ₹9,77,040 on the company.The non-compliance relates to Regulation 17(1), 18(1), and 19(1) & (2) of the SEBI (LODR) Regulations, 2015, concerning the composition of the board and the constitution of committees for the quarter ended December 31, 2025.Hindustan Copper Limited, a government-owned company, stated that the appointment of directors is vested with the President of India, acting through the Ministry...

Lotus Eye Hospital Withdraws Delisting Proposal, to Remain Listed on Both Stock Exchanges Lotus Eye Hospital and Institute Limited announced on March 17, 2026, that its Board of Directors has decided to abandon the previously considered proposal for voluntary delisting from the National Stock Exchange of India Limited (NSE). The decision takes into account current market conditions, liquidity factors, and the importance of maintaining investor convenience and flexibility.The company will continue to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited. The Board meeting was held on March 17, 2026, commencing at 4:30 PM and concluding at 5:00 PM.Lotus Eye Hospital and Institute Limited is...

Baumann Dekor Private Limited to Sell 2,50,000 Equity Shares of Eastern Silk Industries Limited Eastern Silk Industries Limited announced that Baumann Dekor Private Limited, a promoter of the company, intends to sell 2,50,000 equity shares, representing 5% of the issued and paid-up capital, to comply with the minimum public shareholding ('MPS') requirement. The sale will be executed through the National Stock Exchange of India Limited ('NSE') via an offer for sale mechanism.The proposed sale is being undertaken at the NSE. A notice of the offer for sale has been submitted to the NSE, and is available on the company’s website at www.easternsilk.com.National Stock Exchange of India Circular Details The National Stock Exchange of...

Shree Renuka Sugars Limited Announces Leadership Changes Shree Renuka Sugars Limited announced several changes to its leadership structure following a board meeting held on March 17, 2026.Mr. Atul Chaturvedi will transition from his current role as Executive Director and Chairman to a Non-Executive Director (Non-Independent) effective April 1, 2026. Mr. Madhu Rao, currently an Independent Director, will assume the role of Chairman of the Board, also effective April 1, 2026.Furthermore, the company appointed Mr. Susheel Kumar Kamboj as Chief Executive Officer, effective March 23, 2026. Mr. Kamboj has also been appointed as Managing Director & CEO for a period of 5 years, starting April 1, 2026, subject to shareholder approval.These...

Lyka Labs Limited Receives Approval for Amalgamation Scheme Lyka Labs Limited announced on March 17, 2026, that the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the scheme of merger between Lyka Exports Limited (Transferor Company) and Lyka Labs Limited (Transferee Company). The merger, initially proposed in February 2026, is being carried out under Sections 230 to 232 of the Companies Act, 2013.The appointed date for the scheme is April 01, 2022. A copy of the NCLT order is available on the NCLT website.Lyka Labs Limited is in the process of filing e-form INC-28 along with the order and scheme with the Registrar of Companies within 30 days.Source:

Anmol India Limited Announces Resignation of Independent Director Anmol India Limited announced on March 17, 2026, the resignation of Mr. Sanjeev Kumar from the position of Independent Director, effective March 17, 2026.Mr. Kumar’s resignation is attributed to pre-occupations and other personal commitments. He confirmed that there are no other material reasons for his departure.Mr. Kumar currently serves as an Independent Director in the following entities: Anmol India Limited, Kalyan Capitals Limited, and holds the position of Chairperson of the Audit Committee at Anmol India Limited. He is also a member of the Nomination & Remuneration Committee, Stakeholders Relationship Committee, and CSR Committee at Anmol India Limited, and...

Oricon Enterprises Limited Announces Director Resignation Oricon Enterprises Limited announced on March 17, 2026, that Varun Somani has resigned from his position as Director, effective the same date. The resignation follows a Memorandum of Family Settlement dated September 1, 2025, concerning shareholding and directorships within various companies.Somani also served as a member of the Nomination and Remuneration Committees of the Board.Details regarding the resignation are summarized below:ParticularsDetailsReason for changeResignation from the Position of Directorship of the Company.Date of cessationEffective from March 17, 2026Somani, whose Director Identification Number (DIN) is 00015384, expressed his appreciation...

BF Utilities Appoints Independent Woman Director, Addresses NSE Compliance Concerns BF Utilities Limited (BFUL) announced the appointment of an Additional, Non-Executive Independent Woman Director on March 17, 2026. The appointment follows a reminder from the National Stock Exchange of India (NSE) regarding non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically concerning the composition of the Board, including the failure to appoint an Independent Woman Director.The Board of Directors discussed the NSE letters dated February 27, 2026, and March 16, 2026, during a meeting held on March 17, 2026. The newly appointed director will serve for a period of three consecutive years, from...

Interarch Building Solutions Limited Receives Notice Under MSMED Act Interarch Building Solutions Limited (formerly Interarch Building Products Limited) has received a notice under Section 18 of the Micro, Small and Medium Enterprises Development Act, 2006. The notice was received from the Micro and Small Enterprises Facilitation Council (MSEFC), Bengaluru Urban, Department of Industries & Commerce, Government of Karnataka.The notice pertains to a reference filed under the MSMED Act, 2006, alleging delayed payments. The matter is currently listed for conciliation and may proceed to arbitration.Details of the NoticeParticularsDetailsDate of receipt of direction or order16 March 2026Details of the...

Hazel Infra Limited to Initiate Offer for Sale of Swan Defence and Heavy Industries Shares Mumbai, India – Hazel Infra Limited, the promoter of Swan Defence and Heavy Industries Limited (formerly Reliance Naval and Engineering Limited), announced an Offer for Sale (OFS) of up to 26,38,747 equity shares, representing 5.01% of the company’s total issued and paid-up equity share capital. The OFS will take place over two trading days: March 18, 2026, for non-Retail Investors, and March 19, 2026, for Retail Investors and non-Retail Investors who choose to carry forward unallotted bids.The offer is being undertaken to achieve minimum public shareholding requirements as prescribed under applicable regulations, including Rule 19(2)(b) and...

Medplus Health Services Subsidiary Receives Drug License Suspension Order Medplus Health Services Limited announced that Optival Health Solutions Private Limited, a subsidiary of the company, has received a suspension order for a Drug License affecting a store in Karnataka.According to a statement released on March 17, 2026, the Assistant Director, Drugs Control Administration, Hubli Circle, Karnataka, issued an order suspending the Drug License for five days for a store located in Lingaraj Nagar, Karnataka. The order was received on March 16, 2026.The suspension is based on a violation of Rule 65 of the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945. The company estimates a potential revenue loss of Rs 1.77...

Kridhan Infra Limited Completes Preferential Issue of Equity Shares Kridhan Infra Limited announced the allotment of 48,00,000 fully paid-up equity shares following the exercise of rights attached to warrants. The shares were issued at a price of ₹4.05 per share, including a premium of ₹2.05 per share. This resulted in a total inflow of ₹1,94,40,000 for the company.The preferential issue involved four investors: Mr. Pankaj Kapasi, Ms. Payal Kapasi, Pankaj Kapasi (HUF), and Chaitali Atish Laddad, each receiving 12,00,000 equity shares. The allotment was made upon receipt of the remaining 75% of the issue price from the warrant holders.Sr. NoParticularsDetails1Name of the investor(s)1. Mr. Pankaj Kapasi - 12,00,000 equity shares...

LTIMindtree Limited Changes Name to LTM Limited LTIMindtree Limited announced today, March 17, 2026, that it has officially changed its name to LTM Limited. The change, approved by shareholders on March 13, 2026, was formalized with the receipt of a fresh Certificate of Incorporation from the Ministry of Corporate Affairs.The new Certificate of Incorporation, effective March 17, 2026, reflects the name change. The company was originally incorporated as L&T INFORMATION TECHNOLOGY LIMITED.The updated Memorandum and Articles of Association will be available on the company’s website at https://www.ltm.com/investors/.The Corporate Identification Number (CIN) for LTM Limited remains L72900MH1996PLC104693. The company’s mailing address...

Capri Global Capital Limited Receives Credit Ratings from Fitch Ratings Mumbai – March 17, 2026 – Capri Global Capital Limited announced today that it has received credit ratings from Fitch Ratings Limited. The ratings were assigned March 17, 2026, at 4:02 p.m. (IST).According to Fitch Ratings, Capri Global Capital Limited’s ratings include a Long-Term Issuer Default Rating (LT IDR) of BB- (Stable), a Short-Term Issuer Default Rating (ST IDR) of B, and a Local Currency Long Term Issuer Default Rating (LC LT IDR) of BB- (Stable).The rationale for these ratings was published by Fitch Ratings Limited and is available on their website at https://www.fitchratings.com/site/pr/10340020. Additional information is also available on the...