Markets

Vardhman Polytex Limited Allots 70,00,000 Shares Following Warrant Conversion Vardhman Polytex Limited announced the allotment of 70,00,000 equity shares on March 24, 2026, resulting from the conversion of 70,00,000 warrants. The allotment was approved by the company's board of directors during a meeting held on the same day.The equity shares, each with a face value of Re. 1, were allotted at a price of Rs. 12.55 per share, including a premium of Rs. 11.55. This conversion follows the receipt of Rs. 6,58,87,500, representing 75% of the issue price per warrant from the allottees.Oswal Holding Private Limited, a member of the 'Promoter Group,' was the sole allottee involved in the conversion. Following the allotment, the company's...

Spencer’s Retail Limited Approves Grant of Stock Options Spencer’s Retail Limited announced on March 24, 2026, that its Nomination and Remuneration Committee has approved the grant of stock options to eligible employees. The grant involves 1,20,000 equity shares, with each option allowing for the exercise into one equity share, under the Spencer's Retail Employee Stock Option Plan 2019. This action aligns with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company's stock symbol on the National Stock Exchange is SPENCERS, and the scrip code on the BSE Limited is 542337.Source:

Tamilnad Mercantile Bank Extends Chief Risk Officer's Tenure Tamilnad Mercantile Bank Limited announced the extension of the service period for its Chief Risk Officer, Thiru. Laxman Karkala Kudva, for an additional year. The Board of Directors approved the extension at a meeting held on March 24, 2026, with the new term effective August 12, 2026, and concluding August 11, 2027.Thiru. Kudva initially joined the bank on August 12, 2024, as Chief Risk Officer and Executive Vice President for a two-year term, set to expire on August 11, 2026.According to information released, Thiru. Kudva holds a Bachelor of Science degree and is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB). He previously worked at...

ABS Marine Services Limited Acquires Offshore Support Vessel ABS Marine Services Limited announced that it has contracted to acquire an Offshore Support/Supply Vessel (MPSV). The vessel is anticipated to be incorporated into the company’s fleet during the first quarter of Financial Year 2026-2027, specifically between April 2026 and June 2026.The acquisition is expected to bolster ABS Marine Services Limited’s operational capabilities within the offshore support sector.Source:

RBL Bank Resolves GST Demand of ₹92,00,23,536 RBL Bank Limited announced that the Assistant Commissioner of State Tax, Mumbai, has withdrawn the ₹92,00,23,536 tax demand, inclusive of interest and penalty, which was previously outlined in a show cause notice under the Maharashtra Goods and Services Tax Act, 2017 for the financial year 2019-20.The resolution, detailed in an order dated March 24, 2026, follows proceedings initiated under Section 74 of the Maharashtra Goods and Services Tax Act, 2017. The bank had previously disclosed receiving the show cause notice on October 1, 2025.The information is available on the bank's website at https://www.rbl.bank.in/.Source:

Torrent Pharmaceuticals Amalgamation Receives NCLT Order Torrent Pharmaceuticals Limited announced that the National Company Law Tribunal (NCLT) Ahmedabad Bench has uploaded an order regarding the proposed amalgamation of J.B. Chemicals & Pharmaceuticals Limited with Torrent Pharmaceuticals Limited. This follows a prior notification dated June 29, 2025, outlining the proposed scheme of amalgamation.The NCLT order is accessible on the tribunal’s website at https://nclt.gov.in/. Torrent Pharmaceuticals is the transferee company in this transaction, while J.B. Chemicals & Pharmaceuticals Limited is the transferor company. The BSE Scrip Code for Torrent Pharmaceuticals is 500420, and the NSE Scrip Code is TORNTPHARM.Source:

Euro Panel Products Limited Discloses Promoter Group Share Transaction Euro Panel Products Limited announced that Divya Ply Agency Private Limited, a promoter group entity, has disclosed a transaction involving its shares. The disclosure, made on March 24, 2026, and submitted under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, details an on-market transaction.According to the filing, Divya Ply Agency Private Limited acquired 134,492 Equity Shares for a value of ₹18,691,394 on March 23, 2026. This acquisition increased the entity’s shareholding to 699,492 shares, representing a 2.85% stake in the company. The transaction was executed on the National Stock Exchange (NSE).The company's shares are...

Emkay Global Financial Services Limited Receives Trading Approval for Preferentially Allotted Shares National Stock Exchange of India Limited (NSE) has approved the listing of 2,78,300 equity shares of Emkay Global Financial Services Limited, effective March 25, 2026. The shares were allotted at a price of Rs. 239.50 per share, including a premium of Rs. 229.50, following the conversion of warrants issued on a preferential basis.The allotment was made to a Promoter. This increases the listed capital of the company to Rs. 26,18,90,630, comprised of 2,61,89,063 fully paid Equity Shares of Rs. 10 each.The shares have a lock-in period until September 25, 2027.The BSE (Bombay Stock Exchange) also approved the listing of the shares...

Avenue Supermarts Limited Completes Commercial Paper Redemption Avenue Supermarts Limited announced the maturity and redemption of its commercial paper on March 24, 2026. The company fully redeemed 4,000 commercial papers with an ISIN of INE192R14303.The total amount redeemed was Rs. 200 Crores, bringing the outstanding amount to Nil. The maturity date aligned with the actual redemption date, both being March 24, 2026.Sr. No.ParticularsDetails1ISININE192R143038Quantity redeemed (No. of Commercial Papers)40009Due date for redemption/ maturity24 th March, 202610Actual date for redemption24 th March, 202611Amount redeemedRs. 200 Crores12Outstanding amountNilSource:

Mangalam Global Enterprise Limited Reclassifies Shareholder from Promoter Group Mangalam Global Enterprise Limited announced on March 24, 2026, that it has received approval to reclassify Radhika Bansal from the "Promoter Group" category to the "Public" category. The decision follows an application submitted by the company on January 17, 2026, to both the National Stock Exchange of India Limited and the Bombay Stock Exchange.According to the notification, Radhika Bansal currently holds 10,00,000 shares, representing 0.30% of the company’s total paid-up share capital.The reclassification was granted by both exchanges, as evidenced by letters dated March 24, 2026.Name of ShareholderNumber of Shares% of ShareholdingRadhika...

Viji Finance Limited Board Approves Preferential Allotment of Warrants Viji Finance Limited announced that its Board of Directors approved a preferential allotment of warrants to Non-Promoter investors during a meeting held on March 24, 2026.The company plans to issue and allot up to 12,75,00,000 warrants convertible into an equivalent number of equity shares with a face value of INR 1 each. The total consideration for the allotment is expected to be INR 35,70,00,000. The warrant price has been set at INR 2.80 each, encompassing both the warrant subscription price and the warrant exercise price.An Extraordinary General Meeting (EGM) has been scheduled for April 23, 2026, at 11:30 A.M. (IST) to be conducted via Video Conferencing...

Tamilnad Mercantile Bank Approves Amendments to Fair Disclosure Principles Tamilnad Mercantile Bank Limited announced that its Board of Directors approved amendments to the Principles of Fair Disclosure for Purposes of Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information on March 24, 2026.The amendments are effective immediately, March 24, 2026, and are available on the bank’s website at https://tmb.bank.in/pages/Regulatory-Policies.The update was made in accordance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.Swapnil Yelgaonkar, Company Secretary & Compliance Officer, confirmed the announcement.Source:

Rachana Niraj Gemawat Acquires Shares in NINtec Systems Limited NINtec Systems Limited announced that Rachana Niraj Gemawat, along with Persons Acting in Concert (PACs) Niraj Gemawat, Chhaganraj Gemawat, Sumanlata Gemawat, and Indrajeet Mitra, has increased their shareholding in the company through open market transactions.As of March 24, 2026, the total holding of Rachana Niraj Gemawat and PACs in NINtec Systems Limited has increased by the acquisition of 11,806 shares.Prior to the acquisition, the group held 2,561,611 shares, representing 13.79% of the company’s total share/voting capital and 13.79% of the total diluted share/voting capital. Following the acquisition, their holding stands at 2,573,417 shares, which represents...

CESC Limited Announces Incorporation of Two New Subsidiaries Kolkata – March 24, 2026 – CESC Limited, through its subsidiary Purvah Green Power Private Limited, has incorporated two new wholly-owned subsidiary companies, PURVAH ECOENERGY SOLUTIONS PRIVATE LIMITED (PESPL) and PURVAH POWER VENTURES PRIVATE LIMITED (PPVPL). The incorporation occurred on March 24, 2026.PESPL and PPVPL, both based in West Bengal, are being established to explore opportunities within the renewable power sector. Each subsidiary has a subscribed and paid-up capital of Rs. 1,00,000.CESC Limited holds an 87.99% stake in Purvah Green Power Private Limited, which in turn is the parent company of the newly incorporated subsidiaries.The acquisitions are...

Shalibhadra Finance Limited Announces Share Acquisition Shalibhadra Finance Limited announced a share acquisition on March 24, 2026, as disclosed to the Bombay Stock Exchange. Ayushi Doshi, acting as an acquirer and Person Acting in Concert (PAC), acquired shares through open market transactions.Doshi, a promoter of Shalibhadra Finance Limited, increased their holdings in the company. Prior to the acquisition, Doshi held 605,600 shares, representing 1.96% of the total share/voting capital and 1.96% of the total diluted share/voting capital. Subsequently, 70,000 shares were acquired on March 24, 2026, increasing the total holding to 675,600 shares. This represents 2.19% of the total share/voting capital and 2.19% of the total diluted...

Nanta Tech Limited Acquires RSVP Infotech Solutions Private Limited Strategic business transfer strengthens Nanta Tech’s technology solutions footprint across IndiaAhmedabad, India – 24 March 2026 – Nanta Tech Limited (BSE: 544668), a publicly listed technology solutions company headquartered in Ahmedabad, today announced the successful acquisition of RSVP Infotech Solutions Private Limited through a Business Transfer Agreement (Slump Sale).The acquisition brings together RSVP Infotech's client relationships and operational infrastructure with Nanta Tech’s verticals – AV Solutions, Robotics, and Artificial Intelligence – creating a more integrated platform."The acquisition of RSVP Infotech is a statement of intent. We are building...

Responsive Industries Limited Discloses Promoter Group Share Pledge Responsive Industries Limited announced that Fairpoint Tradecom LLP, a promoter group entity, has created a pledge on its shares. The disclosure was made on March 24, 2026, following a pledge event that occurred on March 20, 2026.According to a filing, Fairpoint Tradecom LLP pledged a total of 6,00,000 equity shares, representing 0.11% of the company’s total share capital, in favor of Virtue Financial Services Limited and Imperial Solutions Private Limited.As of March 23, 2026, Fairpoint Tradecom LLP held 2,46,50,000 shares, representing 9.25% of the total share capital of Responsive Industries Limited. The total promoter shareholding that is currently encumbered...

Jayant Agro-Organics Limited Recognized as Second Highest Castor Oil Derivatives Exporter in India Mumbai – March 24, 2026 – Jayant Agro-Organics Limited has been awarded the recognition of "Second Highest Exporter of Castor Oil Derivatives from India" for the fiscal year 2024-2025 by the Solvent Extractors' Association of India.Jayant Agro-Organics Ltd. is a global leader in castor oil-based and specialty chemicals, with over 70 years of experience in castor seed processing and value chain development. The company emphasizes sustainability initiatives and a farmer-first approach.Source:

Kamdhenu Limited Converts Loan to Equity in Franchisee Unit Kamdhenu Limited announced the allotment of 20,000 equity shares by Maa Kudargarhi Steels Private Limited (MKSPL), a franchisee unit, following the conversion of an unsecured loan. The conversion relates to a loan of 10,00,00,000 previously provided by Kamdhenu Limited to MKSPL.The loan was converted into equity shares with a face value of Rs. 10 each, issued at a premium of Rs. 4990 per share, resulting in an issue price of Rs. 5000 per equity share. The total value of the equity received by Kamdhenu Limited is 20,00,00,000.Further details regarding this transaction were previously disclosed on March 23, 2026, under Regulation 30 of the SEBI (Listing Obligations and...

3C IT Solutions and Telecoms (India) Ltd. Announces Resignation of Internal Auditor Pune – March 24, 2026 – 3C IT Solutions and Telecoms (India) Limited (Scrip Code: 544190) announced today that M/s. Sachin Gogave & Co. LLP has resigned from its position as the company’s internal auditor. The resignation was tendered in a letter dated July 25, 2025, and received by the company on March 23, 2026.The company stated that the audit committee and board will consider the appointment of a new internal auditor in due course.According to a table detailing the resignation:DetailInformationReason for ChangeResignation by M/s. Sachin Gogave & Co. LLP, Chartered Accountants, Pune, as detailed in their resignation letter dated July 25...