Markets

MIC Electronics Ltd. to Acquire Stakes in Neo Semi and Refit Global, Plans Divisional Transfer MIC Electronics Limited announced on March 24, 2026, that its Board of Directors will meet on March 30, 2026, to consider several strategic acquisitions and operational changes.The company intends to acquire 89.65% of the paid-up share capital of Neo Semi SG Pte. Ltd., Singapore, representing 71,72,090 equity shares valued at USD 1 each. This acquisition will be accompanied by a preferential issue of equity shares to the Neo Semi selling shareholders on a non-cash basis, structured as a share swap.Additionally, MIC Electronics is pursuing the acquisition of 43.05% of Refit Global Private Limited, which equals 43,274 equity shares with a...

Trom Industries Limited Receives Purchase Order from Iskcon Metals Trom Industries Limited announced that it has received a purchase order from Iskcon Metals for the supply and design, installation, testing, and commissioning of a 650 KW solar power plant. The order, valued at INR 1,69,88,400.00 inclusive of GST, is expected to be completed within one year.The contract involves the supply of Solar Photovoltic (SPV) Based grid interactive solar power plant along with its design, installation, testing, and commissioning. Iskcon Metals is a domestic entity.According to the company, neither the promoter group nor any group companies have an interest in Iskcon Metals, and the transaction is not considered a related party transaction...

Konstelec Engineers Limited Seeks Strike-Off of Associate Company Konstelec Engineers Limited announced on March 24, 2026, that its associate company, Konstelec Hitech Engineers Private Limited, has filed an application with the Registrar of Companies to have its name struck off from the records.Konstelec Hitech Engineers Private Limited (CIN: U31908MH2010PTC199051) reported revenue from operations of Nil, representing 0% of Konstelec Engineers Limited’s total revenue, and a net worth of Rs. 4,06,270, which is insignificant to the total net worth of Konstelec Engineers Limited as of March 31, 2025.The application was filed on March 21, 2026. The strike-off process is expected to be completed within six months, subject to approvals...

Waaree Energies Ltd. Approves Stake Acquisition and Announces Capex for Glass Manufacturing Plant Waaree Energies Ltd. announced on March 24, 2026, that its Board of Directors approved the acquisition of an additional equity stake in its subsidiary, Waaree Transpower Private Limited (formerly Kotsons Private Limited). The company will increase its ownership from 64.04% to 75.10% through a cash consideration.The Board also approved a capital expenditure of Rs. 3900 crores for a glass manufacturing plant within its wholly-owned subsidiary, Waaree Green Glass Private Limited. The plant will have a capacity of 2500 TPD, and the investment will be funded through a mix of debt and internal accruals.The acquisition of Waaree Transpower...

Swastik Pipe Limited Settles Loan with Vivriti Capital Limited Swastik Pipe Limited announced that it has completed a One-Time Settlement (OTS) with Vivriti Capital Limited for a loan account. The company has made the payment and settled the outstanding dues.Following the settlement, Vivriti Capital Limited issued a no-dues certificate confirming the completion of the loan. The outstanding loan amount was Rs. 8,00,00,000.Swastik Pipe Limited is continuing discussions with other lenders to pursue OTS or restructuring on a bilateral basis.No-Dues Certificate DetailsBorrower: Swastik Pipe Limited Lender: Vivriti Capital Limited (formerly Vivriti Capital Private Limited) Facility Amount: Rs. 8,00,00,000 Sanction Letter Date: August...

Caprihans India Ltd. Allots Equity Shares Upon Warrant Conversion Caprihans India Ltd. announced the allotment of 3,30,000 equity shares to Bilcare Limited, the company’s promoter, following the conversion of an equal number of warrants. The allotment was approved through resolution by circulation by the Board of Directors on March 24, 2026.The company had previously issued convertible warrants to Bilcare Limited on a preferential basis, with shareholder approval secured in November 2024. Bilcare exercised its right to convert the warrants by paying the balance 75% of the warrant price, amounting to Rs. 4,95,00,000.The equity shares were issued at a face value of Rs. 10 per share, with a premium of Rs. 190 per share, resulting in a...

Prakash Steelage Ltd. Faces ₹49.29 Crore Tax Demand Mumbai – March 24, 2026 – Prakash Steelage Ltd. announced today that the Income Tax Department, Faceless Assessment Unit, has issued an assessment order under Section 143(3) read with 1448 of the Income Tax Act, 1961, resulting in a tax demand order under Section 156. The order pertains to a scrutiny assessment for Assessment Year (AY) 2024-25 (Financial Year 2023-24).The tax demand, including applicable interest, amounts to ₹49.29 crore and stems from disallowances of certain expenditure/deductions (reversal of provisions) claimed.The company is in the process of filing an appeal before Higher Appellate Forums against the order, guided by its Chartered Accountant and tax...

WPIL Ltd. Announces Sale of Australian Subsidiary Sterling Pumps Pty Limited WPIL Ltd. announced March 24, 2026, that its Board of Directors has approved the sale of the company’s entire shareholding in its Australian subsidiary, Sterling Pumps Pty Limited (SPPL). The agreement was finalized on March 24, 2026, with completion expected by March 31, 2026.The buyer is Aturia International Pte. Ltd., a Singapore-based subsidiary and Special Purpose Vehicle (SPV) of WPIL Ltd. Following the sale, SPPL will remain a step-down subsidiary of WPIL Ltd. The transaction qualifies as a related-party transaction and is occurring on an arm's length basis.The consideration for the sale of 100% of WPIL’s shareholding in SPPL is AUD 2.34 million...

HDFC Life Receives Income Tax Order, Plans Appeal HDFC Life Insurance Company Limited announced it received an Income Tax Order from the Assistant Commissioner of Income Tax, Central Circle 6 (2), Mumbai on March 23, 2026. The order pertains to the Assessment Year 2023-24 (Financial Year 2022-23).The tax demand outlined in the order totals Rs. 126.46 crore, with Rs. 45.55 crore in interest and Rs. 0 in penalty.The order alleges issues including the classification of shareholders' net investment income, claims of exempt income under Section 10, deductions from shareholders' profits, disallowance under Section 14A, and treatment of marketing and advertising expenses. The company notes that these allegations have been addressed in...

Ishan Dyes and Chemicals Ltd. Announces Acquisition of Equity Shares Through Preferential Allotment Ahmedabad – Ishan Dyes and Chemicals Ltd. announced the acquisition of 4,23,280 equity shares through a preferential allotment on March 21, 2026. The acquisition, as detailed in a regulatory filing, involved the conversion of convertible equity warrants.According to a disclosure filed with the BSE Limited and National Stock Exchange of India Limited, Anilaben Piyushbhai Patel, a Promoter and Representative of Promoters Group, led the acquisition on behalf of the acquirer group, which includes Piyushbhai Natvarlal Patel, Shrinal Piyushbhai Patel, Mirali Hemantbhai Patel, and Marutbhai Dineshchandra Patel.Here’s a summary of the changes...

Vishal Fabrics Ltd. Announces General Manager (Marketing) Resignation Vishal Fabrics Ltd. announced on March 24, 2026, that Rajneesh Garg has resigned from his position as General Manager (Marketing) and Senior Management Personnel (SMP), effective March 24, 2026, due to personal reasons and other commitments.The resignation is in accordance with Regulation 16(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Details regarding the resignation are summarized below:ParticularsDetailsReason for changeMr. Rajneesh Garg resigned as a General Manager (Marketing) Senior Management Personnel (SMP) of the Company due to personal reasons and other commitments.Date of cessationResignation effective...

Quess Corp Ltd. Allots Equity Shares Under Stock Ownership Plan Quess Corp Ltd. announced today, March 24, 2026, the allotment of equity shares under the Quess Stock Ownership Plan 2020 (QSOP 2020). The Nomination and Remuneration Committee approved the exercise of Restricted Stock Units (RSUs) and the subsequent allotment.A total of 1,13,847 equity shares, each with a face value of Rs. 10, were allotted to RSU holders. These newly issued shares will rank equally with existing shares of the company.The allotment has resulted in an increase in the company’s paid-up share capital. The details are outlined below:FromTo14,92,17,607 equity shares of Rs. 10/- each aggregating to Rs. 1,49,21,76,07014,93,31,454 equity shares of Rs...

NTPC Green Energy Limited and Nxtra Data Limited Sign MoU for Renewable Energy Projects NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, announced a Memorandum of Understanding (MoU) with Nxtra Data Limited (Nxtra) on March 24, 2026, at NTPC Bhawan, New Delhi. The agreement was formalized by Sh. Sarit Maheshwari, CEO (NGEL & NTPC REL), and Sh. Ashish Arora, CEO (Nxtra).The MoU focuses on exploring collaborative opportunities for the development of Renewable Energy Projects. These projects will supply Renewable Energy (RE) Round-the-Clock (RTC) power to Nxtra Datacenters across India for captive consumption.Source:

Varun Beverages Ltd. Announces Trading Window Closure Varun Beverages Ltd. has announced the closure of its trading window for equity shares, effective April 1, 2026. This decision aligns with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015.The trading window will remain closed until 48 hours after the declaration of financial results for the quarter ending March 31, 2026. During this period, company insiders are prohibited from trading in the company’s equity shares.The date for the board meeting to declare the financial results for the quarter ending March 31, 2026, will be announced subsequently.Varun Beverages Limited follows a financial year from January 1 to December 31, as approved by the...

Dev Accelerator Limited Approves Preferential Issuance of Warrants and Equity Shares Ahmedabad – March 24, 2026 – Dev Accelerator Limited (formerly Dev Accelerator Private Limited) announced that its Board of Directors approved the issuance of convertible warrants and equity shares on a preferential basis.The board approved the issuance of up to 33,33,330 warrants, each convertible into one fully paid-up equity share of face value Rs. 2, at a price of Rs. 45 per warrant. This offering is targeted towards Mr. Shah Parth Naimeshbhai, Mr. Uttamchandani Umesh Satishkumar, and Mr. Rushit Shardulkumar Shah, promoters of the company, with a total potential value of Rs. 14,99,99,850. The warrants are exercisable within 18 months from the date...

GSP Crop Science Limited Confirms Company Secretary & Compliance Officer GSP Crop Science Limited announced that Kamleshbhai D Patel continues to serve as the Company Secretary and Compliance Officer, initially appointed as DGM-Legal and Secretarial on May 22, 2023, and subsequently as Company Secretary & Compliance Officer on January 22, 2024.According to a filing, Patel holds a bachelor's degree in business administration from North Gujarat University and a bachelor's degree in law from Gujarat University. He is a fellow member of the Institute of Company Secretaries of India. Prior to joining GSP Crop Science Limited, Patel held various roles including at I.R. Patel Law Associates, Elecon EPC Projects Limited, Meghmani Organics...

Adani Enterprises Acquires Remaining Stake in IANS India Private Limited Adani Enterprises Ltd. announced on March 24, 2026, that AMG Media Networks Limited (AMNL), a wholly-owned subsidiary of Adani Enterprises, has completed the acquisition of the remaining stake in IANS India Private Limited (IANS). The acquisition includes a 24% stake with voting rights and a 0.74% stake without voting rights, for a total cash consideration of Rs. 4.70 crore. As a result of this acquisition, IANS has become a wholly-owned step-down subsidiary of Adani Enterprises.The acquisition is described as being of strategic nature in the interest of AMNL and was conducted on an arm's length basis.Details of IANS India Private Limited:Particulars...

Vital Chemtech Limited Grants Stock Options to Employees Vital Chemtech Limited announced today, March 24, 2026, that its Nomination and Remuneration Committee has granted 2,32,300 equity stock options (ESOPs) to eligible employees under the Vital Employee Stock Option Scheme-2025. Each option has a grant price of Rs. 10.The ESOPs were granted in accordance with the SEBI (Share Based Employee Benefits) Regulations, 2021. The scheme was formulated and approved by the Company’s shareholders.A total of 2,32,300 ESOPs cover 2,32,300 Equity Shares of Rs. 10 each. Each stock option entitles the holder to apply for and be allotted one equity share. The vesting period for the options is a minimum of one year and a maximum of three years, as...

Mahindra & Mahindra Schedules Board Meeting, Announces Trading Window Closure Mahindra & Mahindra Ltd. announced that a board meeting is scheduled for May 5, 2026. The meeting will address the approval of audited standalone financial results for the fourth quarter and fiscal year ending March 31, 2026, as well as audited consolidated financial results for the same period.Furthermore, the board will consider a dividend recommendation for equity shares for the financial year concluding March 31, 2026, and matters related to the upcoming Annual General Meeting.In accordance with the company’s insider trading policy, the trading window will be closed from April 1, 2026, to May 7, 2026, inclusive. The information is also available on the...

Apeejay Surrendra Park Hotels Ltd Director Acquires Equity Shares Kolkata, India – March 24, 2026 – Apeejay Surrendra Park Hotels Limited announced that Director and Promoter, Priya Paul, acquired 28,875 equity shares, representing 0.01353% of the company's paid-up equity share capital.The acquisition occurred on March 23, 2026, through market transactions. Prior to the acquisition, Paul held 18,200 equity shares, and subsequently holds 47,075 equity shares, representing 0.02206% of the paid-up equity share capital. The total value of the transaction was 29,84,231.25.The disclosure was made in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.Name, PAN, ClN/DlN, & address with contact nos.Category of...