Markets

Bank of India Faces Monetary Penalty from Reserve Bank of India Bank of India announced today that it has received a monetary penalty of Rs. 58,50,000 from the Reserve Bank of India. The penalty was levied on March 27, 2026.The penalty relates to the imposition of service charges, inspection charges, and processing charges on Priority Sector Lending (PSL) accounts up to Rs. 25,000, and for failing to pay the rate of interest on Term Deposit Receipts (TDRs) from the date of maturity until the TDRs were encashed.According to Bank of India, the monetary penalty is not expected to have a material impact on the bank’s financial, operational, or activities. Source:

Symphony Ltd. Invests AUD 25 Million in Australian Subsidiary Symphony Ltd. announced an investment of AUD 25 million (approximately ₹165 crores) in its wholly owned subsidiary, Climate Holdings Pty Limited (CHPL), Australia, on March 27, 2026. The investment will be used to reduce debt and optimize the company’s financial structure within its Australian operations.The equity infusion is fully funded through Symphony Ltd.’s surplus treasury. The funds will primarily be allocated to prepay AUD 20 million (approximately ₹132 crores) of an outstanding acquisition loan at CHPL and AUD 5 million (approximately ₹33 crores) towards the working capital borrowings of Climate Technologies Pty Ltd (CTPL), an operating subsidiary of CHPL...

Satani Bearings Ltd. Reschedules Board Meeting, Announces Additional Agenda Items Satani Bearings Ltd. has rescheduled its Board of Directors meeting to Thursday, April 2, 2026. The change is due to the addition of agenda items not included in the previous intimation dated March 26, 2026.The Board will now consider the following items:1. Approval of the sub-division of Equity Shares. 2. Approval of a proposal to change the Object Clause of the Memorandum of Association of the Company.The meeting will also address previously intimated agenda items. Satani Bearings Ltd. is headquartered at 103, B Wing Ansa Industrial Estate, Sakinaka, Andheri (East), Mumbai. The company’s stock trades on the Bombay Stock Exchange under the script...

PNC Infratech Completes Sale of Equity Stake in Road Project New Delhi, March 27, 2026: PNC Infratech Limited, along with its wholly owned subsidiary, PNC Infra Holdings Limited, announced the successful completion of the sale of its equity stake in PNC Challakere (Karnataka) Highways Private Limited to Vertis Infrastructure Trust ('VIT'), an Infrastructure Investment Trust sponsored by affiliates of KKR.This transaction concludes the final tranche of a strategic divestment initiative that began in January 2024. Under this initiative, PNC Infratech entered into definitive agreements with VIT to divest a portfolio of 12 road assets, consisting of 11 National Highway Hybrid Annuity Mode (HAM) projects and 1 State Highway BOT (Toll)...

Centrum Capital Ltd Allots Equity Shares Following Conversion of Warrants Centrum Capital Ltd announced on March 27, 2026, that its Board of Directors approved the allotment of equity shares resulting from the exercise of warrants. JBCG Advisory Services Private Limited, a Promoter Group Entity, exercised 2,72,50,000 warrants, which were fully converted into an equal number of equity shares with a face value of ₹1 each. The issue price for these shares was ₹28.52, including a premium of ₹27.52.The company received ₹58,28,77,500, representing 75% of the issue price, from JBCG for the exercise of these warrants.The details of the allotment are as follows:Total Warrants Allotted to JBCGNo. of Warrants ExercisedProportionate Up-front...

Kranti Industries Ltd. Disinvests Stake in Preciso Metall, Ceasing Subsidiary Status Kranti Industries Ltd. announced on March 27, 2026, that its Investment Committee approved the divestment of 8,00,000 equity shares of ₹10 each in Preciso Metall Private Limited. This transaction, executed through a Share Purchase Agreement dated March 27, 2026, involved buyers Mr. Kunal Vijay Vora and Mr. Sunil Rameshlal Gadiya.The divestment, representing a 15.22% stake, results in Preciso Metall Private Limited ceasing to be a subsidiary of Kranti Industries Ltd. and becoming an associate company. The consideration received for the sale was ₹40,00,000 from Mr. Kunal Vijay Vora. Mr. Vora and Mr. Gadiya do not belong to the promoter, promoter group...

Pulsar International Ltd. Addresses Unauthorized Circulation of Messages Pulsar International Ltd. has addressed the recent circulation of unauthorized messages, videos, and social media content concerning the company and its securities. The company advises investors and stakeholders to rely solely on official announcements made on stock exchange platforms and the company’s official website.According to a statement released on March 27, 2026, Pulsar International Ltd., its promoters, promoter group, directors, and key managerial personnel, have no involvement or knowledge regarding the creation, dissemination, or circulation of the content, which may contain false, misleading, or price-sensitive information.The company has reported...

Ashok Leyland Announces Senior Management Personnel Change Ashok Leyland Ltd. announced on March 27, 2026, a change in reporting structure for Dr. Gayatri Vyas Dadheech, who is now President, Battery Business. Effective March 27, 2026, Dr. Dadheech will report to the Managing Director & CEO and is categorized as a Senior Management Personnel (SMP) under SEBI regulations.Dr. Gayatri Dadheech brings extensive experience to the role, with 29 years of experience in electrochemical storage and conversion devices. Her career began at General Motors in Michigan, USA, 26 years ago.Details of the Change:ParticularsDr. Gayatri Vyas DadheechReason for ChangeCategorized as SMPDate of Changew.e.f. March 27, 2026Brief ProfileDr...

P N Gadgil Jewellers Opens New Store in Varanasi P N Gadgil Jewellers Ltd. announced the opening of a new retail store in Varanasi, Uttar Pradesh, on March 27, 2026. The store is located at Mohalla Sigra, Ward Dashashwamegh, Varanasi, with its opening time at approximately 6:30 P.M.The addition of this new location brings the company’s total store count to 76.Source:

Choice International Limited Appoints Barnali Mukherjee as Additional Independent Director Choice International Limited announced the appointment of Mrs. Barnali Mukherjee as an Additional (Non-Executive) Independent Director, effective March 27, 2026. The appointment was made on the recommendation of the Nomination & Remuneration Committee.Mrs. Mukherjee will hold office until approval from the company's members within the next three months, at which point she will be considered for appointment as a regular Non-Executive Independent Director for a term of five years, subject to member approval.Mrs. Mukherjee possesses over 30 years of experience in finance and regulatory matters related to the securities market. She is a qualified...

Addictive Learning Technology Limited Reports Successful Learner Outcomes in Canadian Legal Exams Addictive Learning Technology Limited announced that all six Lawsikho learners who took the Ontario Barrister Exams have successfully passed and qualified as Barristers. Additionally, all 52 Lawsikho learners who appeared for the National Committee on Accreditation (NCA) Exam, administered by the Federation of Law Societies of Canada, have qualified within the permitted five-year window.The company stated that these results underscore its ongoing dedication to supporting learners and facilitating their professional developmentSource:

G R Infraprojects Ltd. Secures Road Project in Gujarat G R Infraprojects Limited has been selected as the winning bidder for a road project in Gujarat, the company announced on March 27, 2026. The project, awarded by the National Highways Authority of India, involves the upgrading of an existing two-lane carriageway to a four-lane divided carriageway.The project’s scope encompasses a 60.21-kilometer stretch of NH-56, running from Ch. 208+90 to Ch. 269+11, between Nasarpore Village in Umarpada Taluka and Malotha Village in Vyara Taluka. The contract price for the project is 1453.57 crore Indian Rupees, and the completion period is 910 days from the appointed date. The project will be executed under the Hybrid Annuity Mode (HAM)...

Landmark Property Development Company Limited Enters into Refund and Settlement Agreement with Related Party Landmark Property Development Company Limited announced on March 27, 2026, that it has entered into a Refund and Settlement Agreement with Eterna Living Private Limited, a related party. The agreement facilitates the cancellation of a space booking arrangement and involves a refund of ₹35,26,15,047.The agreement stipulates that Eterna Living Private Limited will refund the outstanding advance within six months of the agreement’s execution date. As part of the agreement, Landmark Property Development Company Limited received ₹15,00,000 as a partial payment.The transaction was approved by the Audit Committee, the Board of...

Bikaji Foods International Holds Analyst Meetings in Hong Kong Bikaji Foods International Limited announced that its management held one-on-one meetings with analysts and institutional investors on Friday, March 27, 2026, in Hong Kong. The meetings were a continuation of a previous communication dated March 19, 2026.Investor presentations, which are accessible on the company website and stock exchange platforms, were used during the meetings. According to the company, no unpublished price-sensitive information was disclosed during these discussions.The disclosure is in compliance with Regulation 46, and the information is also available on the company's website at www.bikaji.com.Source:

RailTel Corporation Secures Major Order Worth Rs. 4,44,44,44,444 RailTel Corporation of India Limited announced it has received a Letter of Intent (LoI) from Centre For E-Governance for a project involving the Request for Proposal for Selection of System Integrator for KSWAN 3.0. The order, awarded on March 27, 2026, carries a total value of Rs. 4,44,44,44,444 including tax.The project is slated for completion by March 31, 2031. The order does not involve any related party transactions, and no interest exists within the promoter group.DetailInformationAwarding EntityCentre For E-GovernanceProject DescriptionRequest for Proposal for Selection of System Integrator for KSWAN 3.0Order OriginDomesticExecution DeadlineMarch...

Ind-Swift Laboratories Limited Appoints Internal Auditors, Announces Postal Ballot Ind-Swift Laboratories Limited announced the appointment of M/s. Jain & Associates as Internal Auditors for the financial year 2026-27. The decision was made at a Board of Directors meeting held on March 27, 2026, which commenced at 5:00 P.M. and concluded at 6:00 P.M.M/s. Jain & Associates (FRN: 001361N) brings over 50 years of experience in statutory and internal audits, serving various listed and unlisted companies. The firm specializes in internal audits, process gap identification, and strengthening internal controls. Their appointment term is for one year, from April 1, 2026, to March 31, 2027.The Board also approved a Postal Ballot Notice for...

Blue Blends (India) Ltd. Sets Record Date for Resolution Plan Distribution Blue Blends (India) Limited announced March 27, 2026, as the record date for existing shareholders to receive shares as part of the company’s resolution plan. The decision follows an order from the Hon'ble National Company Law Tribunal (NCLT) in Mumbai dated December 6, 2024, and a subsequent order from the National Company Law Appellate Tribunal (NCLAT) in New Delhi dated February 18, 2026, regarding the resolution plan. The company’s board of directors approved the record date of April 17, 2026.Blue Blends (India) Limited, with CIN L17120MH1981PLC023900, is listed on the Bombay Stock Exchange (Scrip Code: 502761) and the National Stock Exchange (Symbol...

Raghuvir Synthetics Ltd. Approves Sale of Subsidiary Stake Raghuvir Synthetics Limited announced on March 27, 2026, that its Board of Directors approved the sale of its entire 51% shareholding in Dreamsoft Bedsheets Private Limited. This transaction will result in Dreamsoft Bedsheets Private Limited ceasing to be a subsidiary of Raghuvir Synthetics Limited.The Board meeting took place on March 27, 2026, commencing at 6:00 P.M. and concluding at 6:45 P.M.The proposed sale is to Mr. Yash Sunil Agarwal and Mr. Hardik Sunil Agarwal, who are also promoters of the company. The transaction will be conducted at an arms-length basis for a consideration of Rs. 51,000. The expected completion date is March 31, 2026.According to the audited...

Kotak Mahindra Bank Investigates Alleged Fraud Linked to Municipal Corporation Kotak Mahindra Bank Ltd. is examining a matter concerning an alleged 160 crore fixed deposit fraud linked to the Panchkula Municipal Corporation. The bank received inquiries from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) regarding a news item published on moneycontrol.com.According to a statement released by the bank, Kotak Mahindra Bank is reviewing the situation following instructions from the Municipal Corporation of Panchkula. The bank has confirmed it is cooperating fully with the Municipal Corporation, government authorities, and law enforcement agencies involved in the process.The bank indicated that the...

Cummins India Faces Tax Demands and Penalties Totaling Over 62 Billion Rupees Pune – Cummins India Limited announced it has received orders from the Additional Commissioner CGST, Pune-II Commissionerate, levying tax demands and penalties totaling Rs. 43,79,73,947 and Rs. 18,51,57,200 respectively. The combined penalty amount also equals Rs. 62.31 billion.The first order, dated March 25, 2026, concerns alleged discrepancies related to output GST tax liability and credit notes issued to customers for financial years 2019-20, 2020-21, and 2021-22. The tax demand and penalty are levied under Section 74 of the Central Goods and Services Tax Act read with Section 20 of the Integrated Goods and Services Tax 2017.The second order, also...