Markets

Bharti Airtel Limited Receives Penalty Notice from Department of Telecommunications New Delhi, March 17, 2026 – Bharti Airtel Limited announced today that it received a notice from the Department of Telecommunications (DoT) in Andhra Pradesh, imposing a penalty of Rs. 6,83,000. The penalty is related to alleged violations of subscriber verification norms.According to the DoT, Bharti Airtel Limited is required to adhere to subscriber verification guidelines as stipulated in its license agreement and related instructions. The notice follows a Customer Application Form (CAF) Audit conducted by the DoT for January 2026, which identified alleged violations of the licensing terms and conditions.The potential financial impact for Bharti...

CESC Limited Awards Wind-Solar Hybrid Power Project Contracts CESC Limited announced on March 17, 2026, that it has issued Letters of Award to four entities for Wind-Solar Hybrid Power Projects. The awards follow a response to a Request for Selection document issued by CESC, aligned with guidelines from the Ministry of Power, GoI.The awarded entities are Purvah Green Power Private Limited, Vismaya Renewables India Project Private Limited, Hexa Climate Solutions Private Limited, and Sprng Energy Private Limited. Purvah, a subsidiary of CESC Limited, was awarded a contract to supply 300 MW of Wind-Solar Hybrid Power. Vismaya, Hexa and Sprng Energy each received contracts to supply 100 MW.The power purchase agreements with these...

Bajaj Finance Limited Appoints Tushar Deb as Senior Management Personnel Bajaj Finance Limited announced that Tushar Deb has been classified as a Senior Management Personnel, effective April 1, 2026. He will assume leadership responsibilities as Executive Vice President - Debt Management Services (DMS).Tushar Deb brings over 25.5 years of experience across credit cards, consumer finance, personal loans, and retail lending, with expertise in Debt Management Services (DMS) functions. He has been associated with Bajaj Finance Limited for over 12.5 years and will oversee the entire Debt Management for the organization, covering B2B, B2C, retail loan portfolios across urban and rural markets, along with compliance, audit, Center of...

Neo Infracon Ltd. Promoter Acquires Shares Neo Infracon Limited announced that Bhavik N. Mehta, a promoter of the company, acquired shares on March 16, 2026. The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.According to the filing, Mr. Mehta’s holdings increased by the acquisition of 84 shares. Prior to the acquisition, Mr. Mehta held 3,22,768 shares, representing 6.08% of the company’s total share/voting capital. Following the acquisition, his holding stands at 3,22,845 shares.The details of the acquisition are summarized below:DetailValueName of Target CompanyNEO INFRACON LIMITEDName of AcquirerMr. Bhavik N. MehtaAcquirer...

Moschip Technologies Limited Allots Shares Under Employee Stock Option Plans Moschip Technologies Limited announced on March 17, 2026, the allotment of 304,689 equity shares following the exercise of employee stock options. The Nomination and Remuneration Committee of the Board of Directors approved the allotment through a circular resolution.The newly issued shares, with a face value of Rs. 2 each, will rank equally with existing shares. Consequently, the total outstanding equity shares of the company have increased from 19,35,61,848 to 19,38,66,537.Source:

EMS Limited Releases Pledge on Promoter’s Shares EMS Limited announced on March 17, 2026, the release of a pledge on shares held by Promoter Mr. Ramveer Singh. The move follows the repayment of a 10.00 Crore loan from Cholamandalam Investment and Finance Company Limited.According to a regulatory filing, Mr. Singh released a pledge on 1,080,000 shares. Prior to the release, Mr. Singh held 3,76,75,882 shares, representing 67.85% of the total share capital. Following the release, his encumbered shareholding now stands at 1,24,09,100 shares, constituting 22.35% of the total share capital.The table below details the changes:Name of PromoterPromoter Holding (Number)Promoter Holding (% of total share capital)Promoter Holding Already...

Magellanic Cloud Ltd. Receives Order from RailTel Corporation of India Limited Magellanic Cloud Ltd. announced on March 17, 2026, that its wholly-owned subsidiary, Provigil Surveillance Limited, has received a Letter of Intent (LOI) from RailTel Corporation of India Limited. The order pertains to the 'Installation of CCTV Surveillance System for Customer of RailTel (CoR) (Inside Engg College Campus)' under Tender/EOI No. RCIL/NR_CDG/EOI/MKTG/PEC/CCTV/202526.The project is valued at ₹ 1,55,00,000, inclusive of taxes, and encompasses the supply, installation, testing, and commissioning of CCTV surveillance infrastructure. This includes key components such as cameras, switches, network video recorders (NVRs), displays, racks...

DEE Development Engineers Limited Reports Impact from Geopolitical Situation DEE Development Engineers Limited announced on March 17, 2026, that ongoing geopolitical tensions in West Asia and subsequent government directives are impacting its export orders and domestic customer supply.The military conflict in West Asia has disrupted shipping through the Strait of Hormuz, a critical maritime passage, leading to challenges in freight logistics and energy supply chains. This has put at risk certain export orders to customers in the West Asia region, potentially causing delays or non-fulfilment under Force Majeure clauses in export contracts.In response to energy supply constraints, the Government of India has invoked the Essential...

Ircon International Limited Announces Operational Update Ircon International Limited announced an operational update today, March 17, 2026. No further details were provided.Source:

Onelife Capital Advisors Limited Completes Rights Issue, Increasing Equity Capital Onelife Capital Advisors Limited announced the completion of its rights issue on March 17, 2026. The Board of Directors of the Rights Issue Committee approved the allotment of 2,40,00,000 equity shares at an issue price of ₹15 per share, including a premium of ₹5 per share.The rights issue was conducted in accordance with a Letter of Offer dated February 10, 2026, and the Basis of Allotment was finalized in consultation with the BSE Limited, KFin Technologies Limited and the Board of Directors of the Rights Issue Committee.The company’s paid-up equity share capital has increased from ₹13,36,00,000, comprising 1,33,60,000 equity shares of ₹10 each, to...

The Ballygunge Family Trust Increases Stake in Shankara Building Products The Ballygunge Family Trust has increased its stake in Shankara Building Products Limited, according to a filing on March 17, 2026. The acquisition was made through open market transactions.The trust, which is part of the promoter group, acquired 20,000 shares, representing 0.123% of the company's total shares and voting capital. This brings the trust’s total holding to 6,88,915 shares, or 2.84% of the company.Prior to the acquisition, The Ballygunge Family Trust held 6,58,915 shares, representing 2.72% of Shankara Building Products Limited.Shankara Building Products Limited has an equity share capital of 2,42,49,326 shares, with a total value of Rs...

Paisalo Digital Completes Maiden USD 15 Million ECB Issuance New Delhi, March 17, 2026 – Paisalo Digital Limited, a non-banking finance company (NBFC) specializing in inclusive lending, has successfully concluded its inaugural External Commercial Borrowing (ECB) transaction, securing USD 15 million.The ECB issuance represents a strategic move to diversify the company’s funding sources and access long-term capital from international markets. Proceeds from the transaction will be used to support the company’s expanding lending portfolio, with a focus on MSMEs, income-generation segments, and other priority sectors."The successful closure of our maiden ECB issuance marks a pivotal step in strengthening our liability franchise," said...

Mangalam Worldwide Limited Allots Debentures on Private Placement Basis Mangalam Worldwide Limited announced that its Debenture Committee approved the allotment of 50,000 rated, listed, senior, secured, transferable, redeemable, non-convertible debentures on a private placement basis. The total value of the debentures is Rs. 50,00,00,000.The debentures have a face value of Rs. 10,000 each. The deemed date of allotment is March 17, 2026, with a tenure of 36 months, maturing on March 17, 2029. A coupon/interest rate of 9.75% per annum, payable quarterly, has been offered.The debentures are secured by way of a mortgage over certain assets of the company, a hypothecation over plant and machinery of Mangalam Saarloh Private Limited, a...

State Bank of India Raises ₹ 6,051 Crores Through Tier 2 Bond Issuance State Bank of India (SBI) announced today that it successfully raised ₹ 6,051 crores through its second Basel III compliant Tier 2 (Series 2) bond issuance for the current financial year. The bonds carry a coupon rate of 7.05% and have a tenor of 10 years, featuring a call option after 5 years and each anniversary date thereafter. CRISIL Ratings Limited and India Ratings and Research Private Limited have rated the bonds AAA with a stable outlook.The bond issuance garnered significant investor interest, attracting bids approximately 2 times the base issue size of ₹ 5,000 crores. A total of 47 bids were received from a diverse group of qualified institutional...

Typhoon Financial Services Responds to Share Price Movement Inquiry Typhoon Financial Services Ltd. addressed inquiries regarding recent share price movements, responding to a communication received March 16, 2026, from the BSE Limited. The company stated that all material information impacting operations and performance, including price-sensitive information as defined by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been disclosed within the required timeframe.Typhoon Financial Services confirmed that there is no pending information or announcement that would influence the share price. The company attributes the recent price fluctuations to prevailing market conditions and asserts...

P N Gadgil Jewellers Opens New Store in Pune P N Gadgil Jewellers Limited announced the opening of a new retail store on March 17, 2026. The store, operating under a Franchise Owned, Company Operated (FOCO) model, is located at Supercon Residency, Sh i rine Garden, Aundh, Pune, Maharashtra - 411007. The opening occurred at approximately 6:00 P.M.With this addition, P N Gadgil Jewellers now operates a total of 73 stores. The company's stock is traded on the BSE under Scrip Code: 544256 and on the National Stock Exchange of India Limited under Symbol: PNGJL.Source:

National Aluminium Company Limited Seeks Waiver for Exchange Penalties National Aluminium Company Limited (NALCO) has requested waivers for fines levied by the Bombay Stock Exchange (BSE) and National Stock Exchange (India) Limited (NSE) related to non-compliance with SEBI (LODR) Regulations. The company was fined a total of Rs. 5,42,800, including GST, which comprised a basic fine amount of Rs. 4,60,000.The penalties stemmed from non-compliance with Regulation 17(1) of the SEBI (LODR) Regulations for the quarter ended December 31, 2025. NALCO maintains that as a Central Public Sector Enterprise (CPSE), the appointment of directors is vested with the President of India, and the company lacks control over these appointments.On March...

Vivid Global Industries Ltd. Announces Inter-se Transfer of Shares Among Promoters Vivid Global Industries Ltd. announced on March 17, 2026, an inter-se transfer of shares among promoters and promoter group members. The transaction involved a gift deed for the transfer of shares.Mr. Sudhir Mody transferred 7,46,004 equity shares, representing 8.17% of the company's share capital, to Mr. Sumish Mody. The aggregate shareholding of the promoters before and after the transfer remains unchanged.The transaction qualifies for exemption under Regulation 10(1)(a)(i) & Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it involves a transfer between relatives who have been promoters for...

Gem Aromatics Limited Discloses Share Acquisition Gem Aromatics Limited (BSE: 544491, NSE: GEMAROMA) announced receipt of a disclosure regarding a share acquisition under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.According to the disclosure, Mrs. Kaksha Vipul Parekh, a promoter of the company, acquired 60,000 shares through open market transactions on March 17, 2026. This acquisition increased Mrs. Parekh’s holding to 46,93,219 shares, representing 8.98% of the company's total share/voting capital and 8.98% of the total diluted share/voting capital. Prior to the acquisition, Mrs. Parekh held 46,33,219 shares, which represented 8.87% of the company’s total share/voting capital and...

Shilpa Medicare Limited Announces Board Appointments Shilpa Medicare Limited announced that shareholders approved the appointment of three directors at a postal ballot concluded on March 17, 2026. The appointments were initially proposed on January 10, 2026, and took effect on January 13, 2026.The newly appointed directors are:Mr. Antonio Molle (DIN: 11400478) as Non-Executive, Non-Independent Director. Mr. Molle holds a degree in Mechanical Engineering and currently serves as SKF Group Global Operations Director Automotive Global Operations Director, bringing over 30 years of experience with SKF Group Companies. Mr. Bastian Thomas (DIN: 11414682) as Non-Executive, Non-Independent Director. Mr. Thomas holds a degree in Business...