Markets

IIRM Holdings India Ltd. Acquires Stake in Saferisk Insurance Brokers Private Limited IIRM Holdings India Limited (formerly Sudev Industries Limited) announced the acquisition of equity shares in Saferisk Insurance Brokers Private Limited by its wholly-owned subsidiary, India Insure Risk Management and Insurance Broking Services Private Limited. The acquisition, disclosed on March 24, 2026, follows prior communications dated July 31, 2025, and October 30, 2025.Saferisk Insurance Brokers Private Limited, incorporated on December 1, 2014, is an insurance broking firm based in Bhubaneswar. Its turnover for the fiscal year 2024-25 was ₹27.78 crore, with a net worth of ₹1 crore. The company’s turnover for 2023-24 and 2022-23 was ₹33.82...

Asian Paints Limited Approves Scheme of Amalgamation for Subsidiaries Asian Paints Limited announced on March 24, 2026, that the Boards of Directors of Harind Chemicals and Pharmaceuticals Private Limited and Nova Surface-Care Centre Private Limited have approved a Scheme of Amalgamation. Under the scheme, Nova will be merged with Harind.Nova Surface-Care Centre Private Limited was incorporated on September 7, 2011, while Harind Chemicals and Pharmaceuticals Private Limited was incorporated on June 6, 1995. Nova is a wholly-owned subsidiary of Harind, and Asian Paints Limited holds a 51% stake in Harind.The amalgamation is not expected to have a material impact on the financials of Asian Paints Limited. The transaction is considered...

Interise Trust Appoints Neera Saggi for Second Term as Independent Director Interise Trust announced the reappointment of Ms. Neera Saggi as an Independent Director for a second term of five years. The decision, approved by the Board of Directors of Interise Investment Managers Private Limited, the Investment Manager (IM) to Interise Trust, follows the conclusion of Ms. Saggi’s first five-year term, which ended on March 23, 2026.Ms. Saggi’s new term will commence on March 24, 2026, and extend through March 23, 2031, pending approval from the shareholders of Interise Investment Managers Private Limited. Ms. Saggi's Director Identification Number (DIN) is 00501029.The reappointment was preceded by Ms. Saggi’s consent, declarations...

Indrayani Biotech Ltd. Announces Departure of Whole-Time Director Indrayani Biotech Ltd. announced today, March 24, 2026, that Mr. Singarababu Indirakumar has resigned from his position as Whole-time Director, effective March 24, 2026.Mr. Indirakumar's departure is attributed to professional reasons. He had previously submitted his resignation on March 16, 2026, and formally notified the Registrar of Companies.Here’s a summary of the details regarding Mr. Indirakumar’s resignation:S. NoParticularsDetails1NameMr. Singarababu Indirakumar2DIN008923513DesignationWhole-time Director4Reason For Change Viz. Appointment Resignation, Removal, Death or OtherwiseResignation from the Position of Director on the Board of the...

Mysore Paper Mills Ltd. Adjusts Board Meeting Time Mysore Paper Mills Ltd. announced a further adjustment to its upcoming board meeting. The meeting, previously scheduled for 3:00 PM and then pre-poned to 12:30 PM, will now be held at 11:00 AM on March 25, 2026.The rescheduling is attributed to the availability of the Chairman, who is attending the Adhiveshana of the Government of Karnataka. The agenda for the meeting remains unchanged.The company's registered office is located at No 32, 5th Floor, Karnataka State Co-operative Federation Ltd.,'s Building, D Devara Urs Road, Bengaluru – 560 001. Contact information includes telephone numbers 080 - 22266978/22255459 and fax number 080 - 22253478. The company website is www.mpm.co.in...

Jost’s Engineering Company Limited Approves Divestment of Joint Venture and CFO Appointment Jost’s Engineering Company Limited announced that its Board of Directors approved the divestment of 50% of its equity investment in its Joint Venture, Suryavayu Renewable and Energy Solutions Private Limited (SRESPL), to Kay Cee Energy & Infra Limited. The transaction will occur at a fair market value of INR 4.124 per share. Following the divestment, SRESPL will cease to be a joint venture.Additionally, the Board approved the incorporation of a wholly-owned subsidiary in India, intended to leverage future growth opportunities.The company also announced the resignation of Mr. Pranesh Bhandari from the post of Chief Financial Officer and Key...

HMT Limited Announces Departure of Rajesh Kohli as Chairman & Managing Director HMT Limited announced that Rajesh Kohli will step down from his role as Chairman & Managing Director (Additional Charge) on March 25, 2026. This follows an extension of his term, initially entrusted by the Ministry of Heavy Industries on June 26, 2025, to cover the period beyond June 30, 2025, until March 24, 2026, or until a permanent replacement is appointed.Kohli, who held the additional charge from Bharat Heavy Electricals Limited, will cease to hold the position upon reaching his age of superannuation within BHEL. Kishor Kumar S, AGM (Company Secretary), signed off on the notification.Source:

Kotak Mahindra Bank to Integrate Kotak Mahindra Investments’ Business Activities March 24, 2026 – Kotak Mahindra Bank Limited announced today that the business activities of Kotak Mahindra Investments Limited (KMIL), a wholly-owned subsidiary, will be conducted departmentally within the Bank, effective April 1, 2026. This decision aligns with the Reserve Bank of India (RBI) (Commercial Banks - Undertaking of Financial Services) Directions, 2025, and aims to simplify group operations and enhance synergies.KMIL’s Board of Directors approved that the company will cease sanctioning new loans from April 1, 2026, and will continue servicing existing facilities and fulfilling obligations under facility agreements executed prior to March 31...

Expleo Solutions Limited Settles Tax Arrears, Granted Immunity Chennai, March 24, 2026 – Expleo Solutions Limited announced today that it has settled tax arrears for Assessment Year 2012-13 with the Principal Commissioner of Income Tax 1, Chennai. The settlement was finalized through an order issued on March 20, 2026, and received by the company on March 24, 2026.Under the Vivad SeVishwas Scheme, 2024, the company paid a sum of Rs. NIL towards the full and final settlement of the tax arrears and was granted immunity against a disputed tax amount of INR 49,59,847. The immunity was formalized through the issuance of Form 4.The situation arose due to the disallowance of certain professional expenses related to non-deduction of TDS for...

Sanathan Textiles Subsidiary Acquires Stake in Serentica Renewables Mumbai – Sanathan Textiles Limited announced that its wholly-owned subsidiary, Sanathan Polycot Private Limited (SPPL), has entered into a Share Subscription and Shareholders' Agreement (SSSHA) and a Power Supply and Consumption Agreement (PSCA) to acquire a 26% stake in Serentica Renewables India 33 Private Limited. Serentica Renewables India 33 Private Limited is a subsidiary of Serentica Renewables India Private Limited.The acquisition, valued at Rs. 48 Crores, is intended to secure a contracted capacity of 32 MW of renewable power for SPPL’s manufacturing operations. The transaction is subject to customary conditions precedent and regulatory approvals and is...

Rossari Biotech Subsidiary Changes Name to Rossari Global FZCO March 24, 2026 – Rossari Biotech Limited announced a change in the name of its wholly-owned subsidiary, Rossari Global DMCC, to Rossari Global FZCO, effective March 23, 2026. The change was formalized with a certificate issued by the Dubai Multi Commodities Centre Authority (DMCC Authority) on March 24, 2026.According to the company, the name change pertains solely to the suffix and is in accordance with mandatory guidelines from the DMCC Authority. The modification does not impact any other aspect of the subsidiary's operations.Source:

Acme Solar Holdings Limited Commissions Second Phase of Battery Energy Storage System Project Acme Solar Holdings Limited announced the commissioning of the second phase of a Battery Energy Storage System (BESS) project located in Jaimalsar, Bikaner, Rajasthan. The project, developed by ACME Surya Power Private Limited, a wholly-owned subsidiary of Acme Solar Holdings Limited, adds 35.714 MW / 160.48 MWh of capacity.The commercial operation date for the second phase is scheduled for March 26, 2026. With this milestone, ACME Surya Power Private Limited has achieved a total commissioned capacity of 95.714 MW / 430.086 MWh out of the total project capacity of 250 MW / 1103.392 MWh.The BESS project is located at Village: Jaimalsar...

Kotak Mahindra Bank Completes Stake Sale in Infina Finance Private Limited Kotak Mahindra Bank Limited announced the completion of the sale of its stake in Infina Finance Private Limited on March 24, 2026. The stake sale was executed by Kotak Mahindra Capital Company Limited, a wholly-owned subsidiary of the Bank.As a result of the transaction, Infina Finance Private Limited is no longer considered an associate company of Kotak Mahindra Bank. The transaction follows a prior disclosure made on March 21, 2026.BSE Scrip Codes affected by the transaction are 500247, 958687, 974396, 974682, 974924, and 975387. The NSE Symbols impacted are KOTAKBANK, KMBL, KMB26, KMB29, and KMB30.Source:

Promoter Group Cancels Proposed Share Transfer at Ester Industries Ester Industries Limited announced the cancellation of a proposed transfer of shares between members of the promoter group. The decision, detailed in a filing, affects a planned gift of 124,858 equity shares representing 0.13% of the company's voting rights.Ayush Vardhan Singhania, a member of the promoter group, initially announced the proposed acquisition on March 18, 2026. This acquisition involved the transfer of the shares from Mr. Jai Vardhan Singhania, also a member of the promoter group and brother to Ayush Vardhan Singhania, via a gift. The cancellation is attributed to personal reasons.Ayush Vardhan Singhania confirmed that the cancellation does not...

Eleganz Interiors Limited Approves Convertible Warrants, Object Clause Addition, and Investment Eleganz Interiors Limited announced on March 24, 2026, that its Board of Directors approved the issuance of up to 800,000 convertible warrants to promoters on a preferential basis. The decision also included the approval to add to the main object clause of the company’s Memorandum of Association and an investment in securities of SAR Universal Infra Private Limited.The convertible warrants will be issued at a price to be determined as on a relevant date, with each warrant entitling the holder to subscribe to one equity share. Shareholder approval will be required for both the warrant issuance and the amendment to the Memorandum of...

ACC Limited Receives 'Care EDGE -ESG 1+' Rating for ESG Performance ACC Limited has been assigned an ESG rating of 'Care EDGE -ESG 1+' by CARE ESG Ratings Limited. This rating signifies a leadership position in managing ESG risk through best-in-class disclosures, policies, and performance. The rating was announced on March 24, 2026.Further details regarding the rating are available on the company’s website at www.acclimited.com.Source:

Aditya Birla Real Estate Limited Faces Demand for Stamp Duty and Registration Fees Aditya Birla Real Estate Limited has received an order from the Hon'ble Court of Revenue Board, Madhya Pradesh, Gwalior, demanding stamp duty and registration fees related to the valuation of land, plant, and machinery of business undertakings – the Century Yarn and Denim Units – transferred during fiscal year 2021-22. The order, received by the company’s advocate on March 23, 2026, dates back to March 16, 2026.The Court alleges a short payment of stamp duty and registration fees. The demand includes a short payment of U,76,54,368 in stamp duty and U,83,82,246 in registration fees for the land, totaling U,60,36,614, and a short payment of U,24,84,000 in...

Avenue Supermarts Limited Opens Two New Stores, Reaching 469 Locations Avenue Supermarts Limited announced the opening of two new retail stores on March 24, 2026. One store is located in Turkayamjal, Rangareddy, Telangana, and the other in MVP Colony, Visakhapatnam, Andhra Pradesh.Following these additions, Avenue Supermarts Limited now operates a total of 469 stores.The company's CIN is L51900MH2000PLC126473 and its registered address is Anjanaya Opp. Hiranandani Foundation School, Powal, Mumbai, Maharashtra, India - 400076.Source:

Addictive Learning Technology Limited Renews Agreement with National Skill Development Corporation Addictive Learning Technology Limited announced on March 24, 2026, that it has renewed its agreement with the National Skill Development Corporation (NSDC). The agreement extends the company’s status as an approved training partner of NSDC through June 7, 2028.The renewal agreement, executed on March 20, 2026, and received by the company on March 24, 2026, continues the relationship established by a previous agreement dated June 22, 2022.Key details of the agreement include:DetailInformationParties to the AgreementNational Skill Development Corporation (NSDC)Purpose of AgreementRenewal of Addictive Learning Technology...

BCPL Railway Infrastructure Ltd. Shares to Commence Trading on NSE BCPL Railway Infrastructure Ltd. announced that its securities will be listed for trading on the National Stock Exchange of India (NSE), effective March 27, 2026.The company's shares will be available for trading on the NSE platform under the following details:SymbolBCPLName of the CompanyBCPL Railway Infrastructure LimitedSeriesEQISININEOOSW01015Face ValueRs. 10/-Paid-up ValueRs. 10/-Security DescriptionEquity shares of Rs. 10/- each fully paid upNo. of securities16723638Distinctive number range1t0 16723638Market lot1Pari PassuYesLock in detailsNot ApplicableThe scrip code for BCPL Railway Infrastructure Ltd. is 542057.Source: