Markets

Escorts Kubota Secures Resolution of Tax Dispute, Demand Dropped Escorts Kubota Ltd. announced that the State Tax Officer in Chennai, Tamil Nadu, has dropped a tax demand of 46.79 Crores, including interest and penalty, related to the financial year 2019-20. The resolution follows prior notifications dated May 8, 2025, December 30, 2025, and January 30, 2026.The tax demand was initially raised through Show Cause Notices issued on May 7, 2025. The company contested the notices, arguing for the correct classification of agricultural tractors rather than road tractors, and for tax computation based on tractor turnover alone, rather than total GST turnover.The State Tax Officer’s order, dated March 26, 2026, resolves all outstanding tax...

Perfect Communications Private Limited Acquires Shares in Gateway Distriparks Limited Gateway Distriparks Limited announced that Perfect Communications Private Limited, a Promoter of the company, has acquired 3,566,930 equity shares through open market purchases on March 24-25, 2026.According to a regulatory filing, Perfect Communications Private Limited’s holding in Gateway Distriparks Limited has increased from 3.36% to 4.07% of the total share capital. This acquisition represents 0.71% of the total diluted share capital.Prior to the acquisition, Perfect Communications Private Limited held 16,774,613 shares, representing 3.36% of the total share capital. Following the purchase of 3,566,930 shares, the company now holds 20,341,543...

APSEZ Operationalizes India's First Port of Refuge to Boost Maritime Safety Adani Ports and Special Economic Zone Ltd (APSEZ) has operationalized India's first Port of Refuge (PoR), addressing a longstanding gap in maritime emergency infrastructure. The initiative aims to create a structured mechanism to handle maritime emergencies and vessels in distress.A tripartite memorandum of Understanding (MoU) with SMIT Salvage, the salvage and emergency response division of Royal Boskalis Westminster N.V. (Boskalis), and the Maritime Emergency Response Centre (MERC) brings global expertise and coordinated response capability.APSEZ will designate two sites as PoR: Dighi Port on the west coast and Gopalpur Port on the east coast. The...

Sundaram-Clayton Ltd. Announces Changes in Key Managerial Personnel Sundaram-Clayton Ltd. announced on March 27, 2026, a change in key managerial personnel. Mr. P.D. Dev Kishan, the company secretary and compliance officer, will step down from his role effective April 5, 2026, due to personal reasons.The company's board of directors has appointed Ms. M Muthulakshmi as the new company secretary and compliance officer, effective April 6, 2026. She will also serve as a key managerial personnel.Ms. Muthulakshmi is an Associate Member of the Institute of Company Secretaries of India (ICSI Membership No. A29727). She brings over 15 years of experience in corporate governance, statutory and regulatory compliance, sustainability...

Mphasis Schedules Board Meeting, Announces Trading Window Closure Mphasis Limited announced that a meeting of its Board of Directors is scheduled for Wednesday, April 29, 2026. The meeting will focus on approving the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the Auditor's Report, and will also consider a dividend recommendation.In accordance with securities regulations, the trading window for the company’s securities will be closed from Monday, March 23, 2026, to Friday, May 1, 2026, reopening on Saturday, May 2, 2026.Mphasis will host an Earnings Conference Call for investors and analysts on April 30, 2026, at 8:30 AM Indian Standard Time. Further details...

Jaiprakash Associates Resolves Arbitration with UltraTech Cement Jaiprakash Associates Ltd. (JAL) announced on March 27, 2026, that it has reached a consented arbitral award with UltraTech Cement Limited (UTCL) in relation to a pending arbitration. The arbitral award, dated March 25, 2026, stipulates that upon JAL’s receipt of settlement proceeds totaling INR 1,000,00,00,000 (INR One Thousand Crores) from UTCL, all claims and liabilities related to Series A Redeemable Preference Shares issued by UTCL in favor of JAL, also aggregating to INR 1,000,00,00,000 (INR One Thousand Crores), will be extinguished.Under the terms of the award, UTCL will be entitled to continue operating and maintaining the JP Super Plant and associated mines...

Brij Rattan Bagri Acquires 1,71,406 Equity Shares of BLB Ltd Brij Rattan Bagri, Promoter and Managing Director of BLB Ltd, has disclosed the acquisition of 1,71,406 equity shares of BLB Ltd through open market transactions on March 25, 2026. The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeover Regulations), 2011.Prior to the acquisition, Mr. Bagri held 2,38,59,142 shares, representing 45.13% of the total share/voting capital. Following the acquisition, his holding increased to 2,40,30,548 shares, equating to 45.46% of the total share/voting capital.The total equity share capital of BLB Ltd stands at Rs. 5,28,65,258.00, comprised of 52,86,5258 shares of Re. 1 each...

Aditya Vision Ltd. Schedules Investor Meetings Aditya Vision Ltd. announced plans to meet with analysts and institutional investors on April 2, 2026. The meeting will be held virtually with Nimida Capital.The company's latest investor presentation, accessible on its website www.adityavision.in, will be discussed during the meeting. According to the company, no unpublished price-sensitive information will be shared during the meeting.Aditya Vision Ltd. has 190 stores located in Bihar & Uttar Pradesh. The company’s contact numbers are +91-612-2520854 and +91-612-2520674. The company's CIN is L32109BR1999PLC008783 and GSTIN is 10AAECA0801E1ZS. Aditya Vision Ltd. is listed on the BSE with Scrip Code 540205 and Symbol AVL.Source:

Timex Group India Ltd. Schedules Board Meeting, Announces Trading Window Closure Timex Group India Ltd. announced a forthcoming board meeting scheduled for May 26, 2026. The meeting will address the audited financial results for the year ending March 31, 2026, and the financial results for the quarter concluding March 31, 2026.In accordance with regulatory guidelines, the trading window for company shares will be closed from April 1, 2026, to May 28, 2026, inclusive, to prevent insider trading related to the release of the financial results.Source:

Jindal Stainless Partners with Sunrisers Hyderabad as Official Stainless Partner National, March 27, 2026 – Jindal Stainless, India's leading stainless steel manufacturer, has announced a partnership with Sunrisers Hyderabad (SRH), a T20 league team, as the team’s Official Stainless Partner. This marks Jindal Stainless’ first association with an IPL team and is aimed at expanding brand visibility and connecting with a younger audience.The partnership provides Jindal Stainless with exclusive branding rights across key product segments including stainless steel pipes and tubes, stainless steel rebars, and stainless steel kitchenware and sinks."Sunrisers Hyderabad is one of the top teams, consistently enthralling audiences with its...

Silgo Retail Limited to Make Final Call on Partly Paid Equity Shares Silgo Retail Limited announced on March 27, 2026, that its Board of Directors has approved a first and final call on 73,81,359 partly paid-up equity shares. The shares, with a face value of ₹10 each (ISIN: IN901II01012), will be called upon for 50% of the issue price of ₹60 per share, amounting to ₹30 per partly paid-up equity share. This comprises ₹5 towards face value and ₹25 towards premium. The record date for this call is set as April 06, 2026.The call payment period will commence on Friday, April 24, 2026, and conclude on Wednesday, May 06, 2026.The Board also approved the adoption of the company’s Corporate Social Responsibility Policy and allocated funds...

Bombay Dyeing Appoints Niraj Kumar as CFO & CRO Bombay Dyeing & Mfg Company Limited announced the appointment of Niraj Kumar as Chief Financial Officer (CFO) and Chief Risk Officer (CRO), effective March 31, 2026. The appointment was approved by the Board of Directors at a meeting held on March 27, 2026.Mr. Kumar also serves as a Key Managerial Personnel (KMP) of the company. His appointment follows a recommendation from the Nomination and Remuneration Committee and Audit Committee.A Chartered Accountant and Law Graduate with an Executive MBA from the Indian School of Business, Mr. Kumar brings over 20 years of experience across various industries including retail, aviation, telecom, and consulting. Prior to joining Bombay Dyeing...

Anzen India Energy Yield Plus Trust Announces Trading Window Closure Mumbai – March 27, 2026 – Anzen India Energy Yield Plus Trust (BSE Scrip Code: 543655, 974400, 976475, 977319; NSE Symbol: ANZEN) has announced the closure of its trading window for securities.According to the company’s policy on unpublished price sensitive information, the trading window will be closed starting April 1, 2026. It will reopen 48 hours after the public announcement of Anzen’s financial results for the year ending March 31, 2026, and the declaration of distribution payable to Unitholders.The announcement was made by Anzen India Energy Yield Plus Trust, acting through its Investment Manager EAAA Real Assets Managers Limited.Sanket Shah, Company...

Xpro India Limited Commissions New Dielectric Film Line, Provides UAE Project Update Xpro India Limited announced the commissioning of a new dielectric film line at its Barjora, West Bengal facility on March 27, 2026. The line is now operational.Separately, Xpro India Limited reported progress on a project being implemented by its subsidiary, Xpro Dielectric Films FZ-LLC in the UAE. The company stated it is monitoring evolving regional conditions and any potential impact on the project.Source:

Embassy Developments Subsidiary Challenges KIADB Order in Karnataka High Court Embassy Developments Ltd. announced on March 27, 2026, that its subsidiary, Embassy East Business Park Limited (EEBPL), has filed a writ petition with the Hon'ble High Court of Karnataka challenging an order issued by the Karnataka Industrial Areas Development Board (KIADB). The order pertains to approximately 78 acres of land located in the Kadugodi Industrial Area, Bengaluru Urban District.The legal action follows a previous intimation issued on March 18, 2026, concerning the KIADB Order. EEBPL initiated the petition to protect the interests of stakeholders, including public shareholders.During a hearing on March 26, 2026, counsel for KIADB requested...

Sumit Woods Limited Receives NSE Listing Approval for 25,90,000 Equity Shares Sumit Woods Limited announced on March 27, 2026, that it has received listing approval from the National Stock Exchange of India Limited (NSE) for 25,90,000 equity shares. The shares, each with a face value of Rs. 10, were allotted following the conversion of warrants issued on a preferential basis. The approval letter, NSE/LIST/53350, confirms the listing.The shares will be listed and available for trading on the NSE upon confirmation from National Securities Depository Limited and Central Depository Services Limited regarding the credit of beneficiary accounts. The warrants’ distinctive numbers range from 45268754 to 47858753.Source:

Aeroflex Industries Limited Receives Income Tax Order, Impact Anticipated to be Minimal Aeroflex Enterprises Limited announced on March 27, 2026, that its subsidiary, Aeroflex Industries Limited, has received an order from the Assessment Unit of the Income Tax Department. The order, dated March 25, 2026, raises a demand of Rs. 41,75,88,940.The demand pertains to the disallowance of a claim for waiver of interest on a working capital loan in a one-time settlement, considered non-taxable under section 41 of the Income Tax Act, 1961, for the assessment year 2018-2019. The order's reference number is ITBA/AST/S/ 147/2025-26 /1087896760(1).Aeroflex Industries Limited plans to file an appeal with the Appellate Authority and anticipates a...

20 Microns Ltd. Provides ₹2 Crore Loan to Associate Company 20 Microns Limited announced on March 27, 2026, that it has entered into a loan agreement with Sievert 20 Microns Building Materials Private Limited, a joint venture and associate company, for a shareholder/inter-corporate loan of ₹2,00,00,000 (Rupees Two Crore only).The transaction, which qualifies as a related party transaction, was approved by the company's audit committee. 20 Microns Limited holds a 40% equity stake in Sievert 20 Microns Building Materials Private Limited, with Sievert Baustoffe Auslandsbeteiligungen GmbH holding the remaining 60%.The loan carries an interest rate of 6.50% per annum and has a tenure of five years. The borrower may prepay the loan...

Axis Solutions Limited Secures Rs. 25.00 Crores Working Capital Facility Axis Solutions Limited announced on March 27, 2026, that it has executed a Deed of Hypothecation with Vivriti Capital Limited to avail a working capital facility of Rs. 25.00 crores. The facility is intended to support the expansion of the company’s operations.The agreement, entered into between Axis Solutions Limited and Vivriti Capital Limited, includes a subservient and continuing charge on the company’s assets, including current assets with book debt and movable fixed assets. Additionally, a first-ranking exclusive charge has been established on a debt service reserve account, representing 15.77% of the facility amount, as an interest-free security deposit...

Halder Venture Ltd. Pays Fine Following BSE Order Halder Venture Limited announced on March 27, 2026, that it has paid a fine of Rs. 5,42,800 (including GST) to the Bombay Stock Exchange (BSE). The fine relates to non-compliance with Regulation 17(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, concerning the composition of the Board of Directors for the quarter ended September 2025.The company received notification of the order from the BSE via email on March 18, 2026. The payment was completed on March 26, 2026, through RTGS/NEFT with UTR No. INF/INFT/774529182646/BSER11070/ICICI Bank. The financial impact of the fine is limited to the Rs. 5,42,800 amount.S.N.ParticularsDetails1Name of the...