Markets

Max India Subsidiary Receives Tax Demand of Rs. 31.53 Crore Max India Limited announced that its step-down wholly-owned subsidiary, Antara Purukul Senior Living Limited, has received an assessment order under Section 143(3) of the Income Tax Act, 1961, for the assessment year 2024-25. The order raises a tax demand of Rs. 31.53 crore.According to a communication received by the subsidiary on March 24, 2026, from the Assessment Unit of the Income Tax Department, the tax demand pertains to assessment year 2024-25. Antara Purukul Senior Living Limited plans to file a rectification petition addressing apparent mistakes in the assessment and subsequently appeal the additions made in the assessment order before the relevant appellate...

IIFL Finance Receives Credit Rating Reaffirmations from CRISIL IIFL Finance Ltd. announced on March 25, 2026, that CRISIL Ratings Limited has assigned a CRISIL AA/Stable rating for Non-Convertible Debentures totaling Rs. 2,000 Crore. CRISIL reaffirmed its rating of CRISIL AA/Stable for bank loan facilities amounting to Rs. 9,500 Crore and Non-Convertible Debentures totaling Rs. 10,531.53 Crore. The agency also reaffirmed CRISIL PPMLD AA/Stable for Long Term Principal Protected Market Linked Debentures, CRISIL AA-/Stable for Perpetual Bonds, and CRISIL A1+ for Commercial Paper of IIFL Finance Ltd.Detailed information regarding the ratings is available on the CRISIL website...

IRB InvIT Fund Discloses Promoter Acquisition of Units IRB InvIT Fund announced that Virendra D. Mhaiskar, Promoter, Chairman & Managing Director of the Sponsor, acquired additional units of the Trust. The disclosure was made in compliance with Regulation 7(2)(b) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.According to the filing, Mr. Mhaiskar acquired units on March 23, 24, and 25, 2026, totaling 5,22,000 units with a value of Rs. 3,02,95,732, Rs. 3,05,83,145, and Rs. 3,09,17,642 respectively.Following these acquisitions, Mr. Mhaiskar’s total holdings in the Trust increased to 1,38,06,000 units, representing 1.08% of the Trust.The table below summarizes the details of the...

Available Finance Limited Announces Change in Relationship with Archana Coal Private Limited Available Finance Limited announced on March 25, 2026, a change in its relationship with Archana Coal Private Limited (ACPL). ACPL has sold 8.00% of its equity shareholding in Available Finance Limited.Consequently, ACPL’s shareholding in Available Finance Limited has decreased, resulting in the company no longer being considered a subsidiary of ACPL. Instead, Available Finance Limited is now classified as an associate of ACPL, aligning with the provisions of Section 2(6) of the Companies Act, 2013. Available Finance Limited is listed on the BSE under code 531310.Source:

Shriram Finance Receives CCI Approval for MUFG Bank Investment Shriram Finance Limited announced on March 25, 2026, that MUFG Bank Ltd. has received approval from the Competition Commission of India (CCI) regarding its proposed investment in Shriram Finance Limited.The approval pertains to the previously announced plan for Shriram Finance to issue 47,112,105 Equity Shares to MUFG Bank Ltd. through a preferential issue on a private placement basis. This transaction was initially disclosed on December 19, 2025, with subsequent updates provided on January 14, 2026, February 03, 2026, and February 13, 2026.The Investment Agreement, dated December 19, 2025, outlines conditions precedent that must be met for the transaction to be...

GRE Renew Enertech Ltd. Receives EPC Order Worth ₹1295.3 Million GRE Renew Enertech Ltd. announced today, March 25, 2026, that it has received an order from Ajita Sil-Chem Private Limited for the execution of an EPC contract. The contract involves the development of a 4032 kW (DC) / 3000 kW (AC) grid-connected captive ground-mounted solar power plant on a turnkey basis.The value of the order is ₹ 12,95,30,016 (Rupees Twelve Crores Ninety-Five Lakhs Thirty Thousand Sixteen only), inclusive of applicable taxes. The project is expected to be completed within approximately 6 months, according to the agreed project schedule.According to company disclosures, the order is considered routine and aligns with GRE Renew Enertech’s existing EPC...

RailTel Secures Major Order from State Crime Records Bureau RailTel Corporation of India Limited announced on March 25, 2026, that it has received a work order from the State Crime Records Bureau, Bhopal. The order involves the System Integration, Supply, and Commissioning (SITC) of a Software Defined Wide Area Network (SDWAN) along with support services for a period of three years.The project is categorized as a domestic order. The completion timeline for the work is set for March 24, 2029. The total value of the order, inclusive of taxes, is Rs. 29,48,75,480.According to the work order, no promoter, promoter group, or group companies have any interest in the State Crime Records Bureau, Bhopal. The order does not constitute a...

Srinidhi Inani Intimates Acquisition of Dhanalaxmi Roto Spinners Shares Dhanalaxmi Roto Spinners Limited received intimations regarding changes in securities holdings from Srinidhi Inani, a Promoter Equity Group member, according to a filing on March 25, 2026. The information was submitted in accordance with Regulation 7(2) and 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.Srinidhi Inani acquired shares on February 18, 2026, and the intimation was received on March 23, 2026. The acquisition occurred through market and off-market transactions.Here's a summary of the shareholding changes:DetailValueNameSrinidhi InaniPANCCVPM4059ACategoryPromoter Equity GroupSecurities held prior to...

Welspun Corp Limited Completes Acquisition of Stake in Welspun Corporate Services Limited Welspun Corp Limited has completed the acquisition of a 45% stake in Welspun Corporate Services Limited (formerly known as Welspun Home Textiles Limited). The acquisition, finalized on March 25, 2026, involved the purchase of 4,500 equity shares, each with a face value of Rs. 10, for a total consideration of Rs. 45,000.As a result of this acquisition, Welspun Corporate Services Limited has become an associate of Welspun Corp Limited. The move follows a prior disclosure made on March 19, 2026, regarding the intended acquisition.Source:

Swan Corp Limited Appoints Additional Director and Announces Shareholder Vote Swan Corp Limited announced the appointment of Mr. Ashish Chhabria as an Additional Independent Director on March 25, 2026. Mr. Chhabria, with a DIN of 11564611, brings over 35 years of industry experience and is considered an eminent businessman of repute. His appointment is effective from March 25, 2026, and is for a period of five years, until March 24, 2031, pending shareholder approval. Mr. Chhabria is not related to any existing directors of the company. The company confirmed that Mr. Chhabria is not debarred from holding office by any regulatory authority.Furthermore, Swan Corp Limited will circulate a Postal Ballot Notice to shareholders seeking...

Ashwini Container Movers Limited Appoints Key Personnel and Auditors Ashwini Container Movers Limited announced several key appointments and auditor designations following a board meeting held on March 25, 2026.The Board of Directors approved the appointment of M/s. A. R. Gupta & Co, Company Secretaries, as the Secretarial Auditor for the Financial Year 2025-26. Additionally, M/S B.A. SHAH & CO., Chartered Accountants, was appointed as the Internal Auditor for the same financial year.Ms. Bhagyashree Navale has been appointed as the Company Secretary and Compliance Officer, effective April 1, 2026. She will also serve as a Key Managerial Personnel and Senior Managerial Personnel. Ms. Navale holds a Bachelor of Commerce degree and is...

Marathon Nextgen Realty Limited Discloses Promoter Group Share Acquisition Marathon Nextgen Realty Limited announced that Mrs. Ansuya Ramniklal Shah, a member of the Promoter Group, has acquired equity shares in the company. The disclosure was made in compliance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015.According to the filing, Mrs. Shah acquired 26,623 equity shares on March 13, 2026, valued at ₹10,239,205.8. Subsequent acquisitions on March 16, 2026, involved 20,010 shares for ₹7,637,416.8, followed by 15,000 shares on March 17, 2026, valued at ₹5,876,700. Further purchases included 5,000 shares on March 19, 2026, costing ₹2,062,050, and 25,000 shares on March 20, 2026...

UltraTech Cement Receives Order from GST Authority UltraTech Cement Limited announced on March 25, 2026, that it received an order from the Deputy Commissioner, State Goods and Services Tax, Maharashtra.The order confirms a tax demand of Rs. 28,96,92,293, along with interest of Rs. 15,00,05,050 and a penalty of Rs. 2,89,69,229. The order relates to the acquired cement business of Kesoram Industries Limited and involves allegations of excess Input Tax Credit (ITC) availment, ineligible ITC claimed, and short payment of tax liability for the financial year 2022-23.According to the company, it will contest the demand and does not anticipate a material financial impact as a result of the order. The order was received on March 24, 2026...

Adani Enterprises Attributes Share Volume Movement to Market Conditions Adani Enterprises Ltd. stated that fluctuations in share price and trading volume are solely attributable to prevailing market conditions. The company reported that its management has no insight into the factors driving the observed share volume movement.The statement followed a communication from the BSE Limited on March 25, 2026, regarding the volume movement of the company's scrip (512599).Adani Enterprises affirmed its commitment to ongoing disclosures in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and its agreements with stock exchanges.Jatin Jalundhwala, Company Secretary & Joint President (Legal), conveyed...

Deepak Nitrite Faces Order Regarding Input Tax Credit Deepak Nitrite Limited announced on March 25, 2026, that the Assistant Commissioner of State Tax, Unit-40, Vadodara, Gujarat, has passed an order related to the company.The order, received on March 25, 2026, concerns a demand for ineligible Input Tax Credit (ITC) for the Financial Year 2019-20 under the Gujarat Goods and Service Tax Act, 2017.The details of the order are as follows:DetailInformationAuthorityAssistant Commissioner of State Tax, Unit-40 Vadodara, GujaratOrder DetailsRecovery of: Tax amount of ₹ 19,14,506/- (CGST+SGST); Interest amount of ₹ 22,17,784/- (CGST+SGST); Penalty of ₹ 19,14,506/- (CGST+SGST)Date of OrderMarch 25, 2026Reason for OrderDemand...

Uravi Defence and Technology Subsidiary Acquires Stake in Spafax International Uravi Defence and Technology Ltd announced that its wholly owned subsidiary, Bharat Technology Limited, has acquired 10,100 equity shares of Spafax International Holdings Limited. This acquisition represents 10% of the share capital of Spafax. The transaction was previously disclosed on February 20, 2026.The acquisition was reported to the National Stock Exchange of India Limited (NSE Symbol: URAVIDEF) and the Bombay Stock Exchange Limited (Scrip Code: 543930).The announcement was made by Kaushik Damji Gada, Whole-time Director & CFO of Uravi Defence and Technology Limited, in a communication from Mumbai on March 25, 2026.Source:

Cholamandalam Investment and Finance Company Awards Construction Contract Worth Rs. 540 Crores Cholamandalam Investment and Finance Company Ltd. has awarded a works contract for the construction of its corporate office building located at 18 & 18/1, Velachery Main Road, Guindy, Chennai. The contract, valued at Rs. 540 crores, was awarded to M/s. Kalpataru Projects International Limited.The construction project is slated for completion within 33 months. The contract is with a domestic entity, and does not involve any related party interests or transactions at arm’s length.Below is a summary of the contract details:DetailInformationEntity Awarded ContractM/s. Kalpataru Projects International LimitedEntity TypeDomestic...

Deepak Nitrite Receives Order Regarding Goods and Services Tax Assessment Deepak Nitrite Limited announced on March 25, 2026, that the Assistant Commissioner of State Tax in Vadodara, Gujarat, issued an order dated March 7, 2026, under the Gujarat Goods and Service Tax Act, 2017.The order pertains to a demand for ineligible Input Tax Credit (ITC) for the financial year 2019-20. The order mandates the recovery of ₹19,14,506 in tax (CGST+SGST), ₹22,17,784 in interest (CGST+SGST), and a penalty of ₹19,14,506 (CGST+SGST). The company maintains that the ITC was availed in compliance with applicable laws.According to the company, the total financial impact will be limited to the amounts specified in the order, and there will be no other...

Orient Cement Designates Key Personnel for Disclosure Decisions Orient Cement Limited announced on March 25, 2026, the designation of key managerial personnel (KMPs) authorized to determine the materiality of events and information and to make disclosures to stock exchanges, effective April 7, 2026.The appointed KMPs and their contact details are as follows:Name & Designation of KMPPostal AddressContact DetailsMr. Vaibhav Dixit, Wholetime Director & Chief Executive OfficerAdani Corporate House, Shantigram, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujaratvaibhav.dixit@adani.com 079- 2656 5555Mr. Kajal Sarda, Chief Financial OfficerAdani Corporate House, Shantigram, S. G. Highway, Khodiyar, Ahmedabad - 382421...

Semac Construction Ltd. Responds to Price and Volume Inquiries Semac Construction Ltd. clarified on March 25, 2026, that it has not withheld any material information that would necessitate disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The clarification follows an email dated March 19, 2026, from the BSE Limited and the National Stock Exchange.The company stated that the increase in the price and volume of its scrip is attributable to market conditions and is market driven. Management affirmed they are not connected to the fluctuations in the scrip's price or volume.Semac Construction Ltd. is headquartered in Coimbatore and has offices in Gurugram, Bengaluru, Navi...