Markets

Sayaji Hotels Receives Property Tax Order from Indore Municipal Corporation Sayaji Hotels (Indore) Ltd. announced on March 17, 2026, that it received an order from the Commissioner, Indore Municipal Corporation (IMC) on March 16, 2026. The order, initially passed on March 6, 2026, concerns the assessment of property tax and levies a penalty of ₹ 32,69,780 on the company.The company intends to pursue legal action regarding the order and will update the stock exchange on any further developments.DetailInformationAuthorityCommissioner, Indore Municipal CorporationAction TakenImposition of penalty in case of Tax AssessmentDate of Order ReceiptMarch 16, 2026 (Order passed March 6, 2026)Details of ViolationAssessment of...

Promoter & Promoter Group Acquire Shares in Indiqube Spaces Limited Indiqube Spaces Limited announced that Promoter Ms. Meghna Agarwal and Promoter Group Ms. Ashu Agarwal acquired a total of 1,14,751 equity shares in the company through open market purchases. The acquisition took place between February 16, 2026, and March 16, 2026.The acquisition represents less than 2% of the total shareholding or voting rights of the company. While not triggering mandatory disclosure requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the company is voluntarily disclosing the transaction to maintain transparency for investors and stakeholders.According to a company statement, Pawan J. Jain, Chief...

Cube Highways Trust Executes Commitment Letter and ROFO Agreement Cube Highways Trust announced today, March 17, 2026, that its Investment Manager has entered into agreements to acquire equity stakes in several companies.The agreements, made in accordance with SEBI regulations, include a binding commitment letter with Axis Trustee Service Limited, Cube Highways and Infrastructure V Pte. Ltd., Cube Highways and Infrastructure II Pte. Ltd., Baharampore Farakka Highway Limited (BFHL), Devanahalli Tollway Private Limited (DTPL), Western MP Infrastructure and Toll Roads Private Limited (WMTPL), and Chenani Nashri Tunnelway Limited (CNTL). This agreement outlines the acquisition of 100% of the equity share capital of BFHL and DTPL, at least...

Future Consumer Limited Provides Update on NCLT Hearing Regarding Resurgent India Special Situations Fund Dispute Future Consumer Limited provided an update on a case filed against the company at the National Company Law Tribunal (NCLT) in Mumbai by Resurgent India Special Situations Fund. The hearing, initially scheduled for March 9, 2026, was postponed and subsequently held on March 17, 2026.During the proceedings, counsel for Future Consumer Limited, Mr. Shyam Kapadia, submitted a financial affidavit detailing the company’s financial statements for the last three years, including the debt owed to Resurgent. Kapadia argued that the first default occurred in May 2022, exceeding the statute of limitations. He further stated that...

Vaibhav Global Limited Allots Shares to Employee Welfare Trust Vaibhav Global Limited announced the allotment of 18,041 equity shares to "Vaibhav Global Employee Stock Option Welfare Trust" on March 17, 2026, under various employee benefit schemes. Each share has a face value of Rs. 2.The allotment has increased the company's paid-up equity share capital to Rs. 33,41,35,296, comprising 16,70,67,648 equity shares of Rs. 2 each.Yashasvi Pareek, Company Secretary & Compliance Officer, confirmed the allotment.Source:

Texmaco Rail & Engineering Receives Order Worth Rs. 3.54 Crores from Western Railway Texmaco Rail & Engineering Limited, an Adventz Group company, announced it has received an order from Western Railway valued at Rs. 3.54 crores. The order pertains to the provision of anti-bird discs on insulators in the electrified territory of the Vadodara Division.The project, awarded by a domestic entity, requires completion within 18 months from the date of the Letter of Acceptance. The value of the order is stated as Rs. 3.54 crores, excluding taxes. Neither the promoter group, nor any group companies have an interest in Western Railway, and the order does not constitute a related party transaction.ParticularsDetailsName of the entity...

AION-TECH SOLUTIONS LIMITED Appoints New Directors and CEO March 17, 2026 – AION-TECH SOLUTIONS LIMITED announced the appointment of Dr. Karthik Sanjay Ponnapula, Mr. Biju Mathews, and Mr. Chanakya Bellam Radha Krishna to its board and executive leadership. The appointments were approved by shareholders at a postal ballot, with results announced on March 17, 2026.Dr. Karthik Sanjay Ponnapula (DIN: 08885958) has been appointed as a Non-Executive and Non-Independent Director, effective March 16, 2026. He is liable to retire by rotation. He is described as an esteemed member of the Board of Directors and Investor, with experience in the electric vehicle industry.Mr. Biju Mathews has been appointed as President and Chief Executive...

R&B Denims Ltd. Secures Victory in Tax Appeal, Penalty Set Aside R&B Denims Ltd. announced that an appeal it filed against a tax order has been decided in its favor, resulting in the setting aside of a penalty. The company had previously been assessed a penalty of Rs. 43,66,118 by the Assistant Commissioner of Central Goods and Services Tax, Gujarat, related to the availment of Input Tax Credit (ITC).The company reported that it does not anticipate any financial impact as a result of the resolution. The appeal was made before the appropriate appellate authority.Source:

Eurobond Opens Delhi Flagship Experience Centre, Shifting Architectural Sourcing from Desk Catalogues to Immersive Retail New Delhi, March 17, 2026 – Eurobond, India's only listed metal composite panel brand, has opened its flagship Experience Centre in Kirti Nagar, New Delhi. The centre provides a hands-on environment where architects, developers, and facade consultants can physically interact with architectural cladding systems, accompanied by material experts.This launch represents a major strategic milestone for the company's regional expansion, addressing shifts in the NCR’s architectural landscape and trends towards climatic sensitivities. The Experience Centre showcases Eurobond's Louvers & Fins and features over 300 designs...

Maruti Interior Products Ltd. Adjusts Right Issue Timeline Maruti Interior Products Limited announced a revision to the timeline for its rights issue. The change, detailed in a communication to the BSE Limited, modifies the last date for on-market renunciation of rights entitlements from Friday, March 20, 2026, to Thursday, March 19, 2026.The revised issue schedule is as follows:ParticularsDateIssue opening DateWednesday, March 18, 2026Last date for On Market Renunciation of the Rights EntitlementsThursday, March 19, 2026Issue closing DateTuesday, March 24, 2026Finalisation of Basis of Allotment (on or about)Wednesday, March 25, 2026Date of Allotment (on or about)Wednesday, March 25, 2026Date of Credit (on or...

Arrow Greentech Limited Receives Demand Order for Rs. 1.80 Crores from Income Tax Department March 17, 2026 – Arrow Greentech Limited announced today that it received a demand order from the Income Tax Department regarding a penalty order for the assessment year 2017-18. The demand order, received on March 16, 2026, pertains to a penalty of Rs. 1.80 crores issued by the Assessment unit of the Income Tax Department.The penalty stems from a dismissal of an appeal under section 250 of the Income Tax Act against disallowances of certain expenditure and deductions. Arrow Greentech intends to file an appeal against the penalty order within the prescribed timeframe.According to the company, the demand notice is not expected to have a...

Pine Labs Schedules Investor Meetings in Hong Kong Pine Labs Limited announced it will be holding a series of meetings with investors in Hong Kong between March 23rd and March 24th, 2026. The meetings will be conducted in person.The company, formerly known as Pine Labs Pvt. Ltd., will engage in one-on-one discussions with investors during the scheduled meetings. Pine Labs confirmed that no Unpublished Price Sensitive Information (UPSI) will be disclosed during these meetings.Additional information regarding the investor meetings can be found on the company's website at https://www.pinelabs.com/investor-relations.Date of meetingParticularsMode of meetingType of meetingVenue of meeting23 rd - 24 th March, 2026One on One...

Compuage Infocom Limited Adjourns Annual General Meeting Compuage Infocom Limited announced the adjournment of its 26th Annual General Meeting (AGM) due to a lack of quorum. The meeting, initially scheduled for Tuesday, March 17, 2026, at 12:30 p.m. via video conference and other audio-visual means (VC/OAVM), has been rescheduled for Tuesday, March 24, 2026, at the same time.The agenda for the adjourned meeting remains the same as outlined in the notice dated February 23, 2026. The company is in the process of publishing a notice of the adjourned AGM in a newspaper to inform all shareholders.Compuage Infocom Limited is currently under the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016, with Mr...

Neogen Chemicals Limited Issues Corrigendum to Extraordinary General Meeting Notice Neogen Chemicals Limited announced a corrigendum to the notice of its Extraordinary General Meeting (EGM), scheduled for Sunday, March 29, 2026, at 11:30 a.m. IST via video conferencing. The notice, originally sent on March 7, 2026, was updated following requests from the National Stock Exchange of India Limited (NSE) and BSE Limited for clarifications and additional information regarding a proposed preferential issue of equity shares.The corrigendum, which forms an integral part of the original notice, details changes to the explanatory statement related to the utilization of issue proceeds and a certificate from a practicing company secretary...

Shree Cement Named Preferred Bidder for Limestone Block in Andhra Pradesh Shree Cement Limited has been declared the preferred bidder for the Dommarnandyala - 1 Limestone Block in Andhra Pradesh, according to a company announcement. The block, situated in the YSR Kadapa District, spans an area of 373 hectares.The selection follows an e-auction conducted by the Government of Andhra Pradesh for the grant of a Mining Lease. The announcement was made on March 17, 2026, and disseminated to both the National Stock Exchange of India Limited (Scrip Code: SHREECEM EQ, NCD ISIN: INE070A07061) and the BSE Limited (Scrip Code: 500387, NCD ISIN: INE070A07061).Source:

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: