Markets

Solara Active Pharma Sciences Limited Receives Income Tax Demand Notice Solara Active Pharma Sciences Limited announced on March 18, 2026, that it received a Notice of Demand under Section 156 of the Income Tax Act, 1961, from the Deputy Commissioner of Income Tax, Central Circle-3, Thane. The notice pertains to the assessment year 2019-20.The order, passed under Section 143(3) read with Section 147 of the Income Tax Act, 1961, resulted in a Tax Demand of Rs. 161.92 Crores due to disallowance of certain expenses claimed by the Company in its Income Tax Return for Assessment Year 2019-20.The Company intends to file an appeal against the order before the concerned Appellate Authority. Solara Active Pharma Sciences believes it has...

Varun Beverages Limited Completes Acquisition of Twizza Proprietary Limited Varun Beverages Limited announced the completion of its acquisition of 100% of the share capital of Twizza Proprietary Limited on March 18, 2026. The acquisition was made through The Beverage Company Proprietary Limited, a subsidiary of Varun Beverages Limited in South Africa.The enterprise value for Twizza Proprietary Limited, post due diligence adjustments, is ZAR 2,053 million, equivalent to INR 11,398 million, based on an exchange rate of 5.55 INR per ZAR. As a result of the acquisition, Twizza Proprietary Limited has become a step-down subsidiary of Varun Beverages Limited, effective March 18, 2026.Previously, a detailed disclosure regarding this...

Crompton Greaves Consumer Electricals Receives Order from Income Tax Department Crompton Greaves Consumer Electricals Limited announced today that it has received an order from the office of the Assistant Commissioner of Income Tax, Circle-5(1)(1), Mumbai, concerning the assessment year 2019-20. The order pertains to a rectification application filed by the company.The total demand imposed, inclusive of interest, amounts to INR 4,21,07,197. The company is currently evaluating its response to the department, considering the merits of the matter, prevailing law, and advice from consultants.According to the order, the demand was raised against an alleged excess refund of tax. While the potential financial impact is quantified at INR...

Ugro Capital Ltd. Completes Acquisition of Datasigns Technologies Private Limited Ugro Capital Ltd. announced the completion of its acquisition of Datasigns Technologies Private Limited (MyShubhLife) on March 18, 2026. The acquisition involved the purchase of 100% of the shares of Datasigns Technologies Private Limited, as outlined in the Amended and Restated Share Purchase Agreement dated March 5, 2026.As a result of the acquisition, Datasigns Technologies Private Limited has become a wholly owned subsidiary of Ugro Capital Ltd., effective March 18, 2026. Ekagrata Finance Private Limited, a wholly owned subsidiary of Datasigns Technologies Private Limited, is now considered a subsidiary (step-down subsidiary) of Ugro Capital Ltd...

GAIL (India) Ltd. Acquires 49% Stake in Leafiniti Bioenergy Private Limited GAIL (India) Limited announced on March 18, 2026, the acquisition of a 49% equity stake in Leafiniti Bioenergy Private Limited (LBPL). LBPL operates a Compressed Bio Gas (CBG) plant with a capacity of 10.2 TPD of CBG located in Karnataka.LBPL’s turnover for the fiscal year 2024-25 was Rs. 28.42 crore. The acquisition, which involved a cash consideration, will not be classified as a related party transaction. GAIL's investment is intended to facilitate the establishment of new CBG projects through LBPL.The acquisition cost totaled Rs. 13,54,32,150, representing 1,35,43,215 equity shares at a face value of Rs. 10 per share. The transaction received concurrence...

Alkem Laboratories to Invest Up to INR 533 Crore in New Manufacturing Facility Alkem Laboratories Limited announced on March 18, 2026, that it has received an allotment letter from DMIC Vikram Udyogpuri Limited for land measuring approximately 30 acres in the Industrial Area DMIC Vikram Udyogpuri Limited, Phase-2, Ujjain, Madhya Pradesh. The land is intended for the establishment of a new greenfield formulations manufacturing facility.The company’s Board of Directors has approved an investment of up to INR 533 crores to be made in phases.Source:

NTPC Green Energy Limited Announces Commercial Operation of Solar Project Capacity NTPC Green Energy Limited announced the declaration of commercial operation for the fourth part capacity of its Khavda-II Solar PV Project. The project, located in Gujarat, added 165 MW to its capacity, bringing the total capacity of the fourth part to 165 MW out of the total 1200 MW. This expansion is attributed to NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Green Energy Limited.The commercial operation commenced at 00:00 hrs on March 19, 2026. With this addition, the total commercial capacity of the NTPC Green Energy Limited Group now stands at 9562.68 MW, increasing to 9727.68 MW overall.Source:

Brightcom Group Limited Reports Strong Financial Performance for Q3 FY26 Brightcom Group Limited (formerly Lycos Internet Limited) announced a total income of ₹2,231.89 Crores and a Profit After Tax of ₹310.60 Crores for the quarter ended December 31, 2025, representing year-on-year growth of 33.3% and 27.5% respectively. For the nine months ended December 31, 2025, the company’s total income was ₹5,331.28 Crores, with a Profit After Tax of ₹754.50 Crores.Key Highlights – Consolidated Financial Performance (Q3 FY26)MetricAmount (₹ Crores)Total Income2,231.89Profit Before Tax (PBT)446.87Profit After Tax (PAT)310.60Basic Earnings Per Share (EPS)1.54Revenue Growth (vs Q3 FY25)33.3%PAT Growth (vs Q3 FY25)27.5%...

Thomas Cook (India) Limited Receives Orders from Regulatory Authorities Thomas Cook (India) Limited announced receipt of orders from two regulatory authorities on March 18, 2026.Rectification Order Received from Maharashtra AuthorityThe company received a rectification order from the Deputy Commissioner, DIVISION III, Mumbai Central, Maharashtra, dropping a penalty of INR 2,80,175 imposed under Section 74 of the CGST Act 2017. No further steps are required.Order Received from Tamil Nadu AuthorityThomas Cook (India) Limited also received an order from the Commercial Tax Officer, Chennai Central, Tamil Nadu, confirming a demand on short payment of GST amounting to INR 16,13,449, applicable interest of INR 17,17,063, and a penalty...

Ugro Capital Limited Acquires 100% of Datasigns Technologies Private Limited Ugro Capital Limited announced the completion of its acquisition of Datasigns Technologies Private Limited (MyShubhLife) on March 18, 2026. The acquisition, initially disclosed on March 5, 2026, involved the purchase of 100% of the shares of Datasigns Technologies Private Limited through an Amended and Restated Share Purchase Agreement.As a result of this acquisition, Datasigns Technologies Private Limited is now a wholly-owned subsidiary of Ugro Capital Limited. Ekagrata Finance Private Limited, previously a wholly-owned subsidiary of Datasigns Technologies Private Limited, has consequently become a subsidiary of Ugro Capital Limited.The transaction was...

Nazara Technologies Acquires Stakes in Bluetile Games and Bestplay Systems Nazara Technologies Limited announced on March 18, 2026, that its wholly-owned subsidiary, Nazara Technologies UK Limited (Nazara UK), has received in-principle approval to acquire stakes in Bluetile Games, S.L. (Bluetile) and Bestplay Systems, S.L. (Bestplay).The acquisition includes 50.00049% of Bluetile’s share capital for a consideration of USD 88.4 million (INR ~809 crores), and 50.00033% of Bestplay’s share capital for a consideration of USD 11.9 million (INR ~109 crores). The Target Companies have demonstrated strong growth, with revenues growing from USD 50.1 million in calendar year 2023 to USD 153.6 million in calendar year 2025 on a combined basis...

Delta Corp Limited and Subsidiary Receive GST Notices Totaling Over INR 17.5 Billion Delta Corp Limited and its subsidiary, Highstreet Cruises and Entertainment Private Limited, have received notices under Section 74(1) of the CGST Act, 2017 and Goa GST Act, 2017 from the Office of the Commissioner of Commercial Taxes, Government of Goa, dated March 17, 2026, pertaining to the Financial Year 2022-23.The notices allege a tax shortfall totaling INR 17,52,38,53,312 . Delta Corp Limited faces a demand of INR 13,50,25,82,872 (Indian Rupees One Thousand Three Hundred and Fifty Crore Twenty Five Lakh Eighty Two Thousand Eight Hundred Seventy Two), while Highstreet Cruises and Entertainment Private Limited is notified of a demand for INR...

R Systems International Limited Launches EXIQO to Accelerate Agentic AI Integration Greater Noida, India; El Dorado Hills, CA, March 18, 2026 – R Systems International Limited, a global leader in digital product engineering, today announced the launch of EXIQO, an AI Studio designed to enable enterprises to scale production-grade agentic AI across business and technology functions.According to research commissioned by R Systems and produced by Everest Group, only 15% of enterprises have successfully operationalized agentic AI at scale, citing integration complexity, governance risks, legacy system constraints, and talent readiness gaps as barriers to enterprise-wide deployment."Mid-market enterprises are at an inflection point, with...

Samvardhana Motherson International Limited Lists Commercial Paper of INR 250 Crores Samvardhana Motherson International Limited announced the issuance of commercial paper totaling INR 250,00,00,000 on March 17, 2026, with a listing on the BSE Limited. The commercial paper consists of 5,000 units, each with a face value of INR 500,000.The commercial paper has a tenure of 87 days and matures on June 12, 2026. An interest rate of 6.00% was applied upfront. The issuance was made in favor of BNP Paribas and carries an ISIN of INE775A14814. Principal payments are scheduled for maturity on June 12, 2026.Key details of the commercial paper issuance are presented below:DetailInformationIssue SizeINR 250,00,00,000ListingBSE Limited...

GNG Electronics Limited Enhances Working Capital Facility with DBS Bank India Ltd GNG Electronics Limited announced on March 18, 2026, that it has entered into a supplemental agreement with DBS Bank India Ltd to enhance its existing working capital facilities. The agreement, effective March 18, 2026, increases the credit facility from INR 300,000,000 to INR 800,000,000. The additional facility will be utilized to meet the company’s working capital requirements.The agreement size is valued at INR 800,000,000. Currently, the outstanding loan amount is INR 254,000,000, secured by a pari passu charge on the company's current assets, both present and future.Summary of Agreement Details:ParticularsDetailsParty InvolvedDBS Bank...

Physicswallah Limited Announces Incorporation of Wholly Owned Subsidiary Physicswallah Limited announced the incorporation of a wholly-owned subsidiary, Physicswallah Student Housing Private Limited, on March 18, 2026. The approval for incorporation was granted by the Ministry of Corporate Affairs.The move follows the Board of Directors’ prior approval on February 5, 2026, regarding the establishment of the subsidiary within India. Further details pertaining to the subsidiary were previously disclosed on February 5, 2026, in accordance with applicable regulations. The information will also be available on the company website at hƩps://www.pw.live/investor-relaƟons.Source:

Vedanta Limited to Consider Third Interim Dividend on March 23, 2026 Vedanta Limited announced that a meeting of its Board of Directors is scheduled for Monday, March 23, 2026, to consider and approve a potential third interim dividend on equity shares for the Financial Year 2025-26.If declared, the record date for determining shareholder entitlement to the dividend will be Saturday, March 28, 2026.In accordance with securities trading regulations, the trading window for company securities will be closed for designated individuals from Thursday, March 19, 2026, until Wednesday, March 25, 2026, inclusive.Source:

Bajaj Auto Re-Appoints Pradeep Shrivastava as Whole-Time Director Bajaj Auto Limited announced the re-appointment of Pradeep Shrivastava as a Whole-Time Director, continuing in his designation as Executive Director, effective April 1, 2026. The decision, made by the Board of Directors based on a recommendation from the Nomination and Remuneration Committee, follows Shrivastava’s current term expiring on March 31, 2026. The re-appointment is for a period of five consecutive years, subject to shareholder approval.Shri Shrivastava joined Bajaj Auto in April 1986 and has held various leadership roles including President - Engineering and Chief Operating Officer. He was initially appointed to the Board as an Executive Director in April...

Krystal Integrated Services Limited Incorporates Special Purpose Vehicle for Solar Energy Project Krystal Integrated Services Limited (KISL) announced the incorporation of a Special Purpose Vehicle (SPV), Advait Krystal Solar Energy SPV Private Limited, on March 18, 2026. The SPV was incorporated jointly with M/s. Advaita Enterprises International Private Limited, under the Companies Act, 2013, with Corporate Identification Number U35105MH2026PTC469579.The authorized and subscribed capital of Advait Krystal Solar Energy SPV Private Limited is ₹1,00,000. KISL subscribed to 49% of the share capital, amounting to ₹49,000. The SPV is located in the state of Maharashtra and will focus on producing, generating, transmitting, distributing...

Dishman Carbogen Amcis Ltd. Board Approves Debt Issue of Up to ₹150 Crores Dishman Carbogen Amcis Limited announced that its Board of Directors approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Transferable, Taxable Non-Convertible Debentures (NCDs) aggregating up to ₹150 crores in a meeting held on March 18, 2026.The company plans to issue up to 10,000 NCDs with a face value of ₹1,00,000 each, totaling up to ₹100 crores, and an additional 5,000 NCDs with the same face value, aggregating up to ₹50 crores.The issuance will be on a private placement basis in one or more tranches. The allotment date for the ₹50 crore tranche is scheduled for March 27, 2026, while the first tranche of the ₹100 crore issue is slated...