Markets

Prime Fresh Ltd. Receives Credit Rating Upgrade, Reports Strong Financial Performance Prime Fresh Limited (PFL), a fully integrated Agri value chain company specializing in fresh fruits and vegetables, has received an upgrade in its credit profile. CRISIL has assigned a BBB (Stable) rating for Rs. 100 crore debt, a significant improvement from previous levels. The company previously held a BBB rating for Rs. 10 crore of debt.Founded in 2007 and headquartered in Ahmedabad, PFL operates across 19 states, manages 76 SKUs, and serves 30+ large customers across India. It connects over 120,000 farmers, 35+ pack houses, and operates a network of distribution centers. The company supplies to leading B2B players including e-commerce...

Bihar Sponge Iron Limited Enters Facility User Agreement with Amalgam Steel & Power Limited Chandil, Jharkhand, March 24, 2026 – Bihar Sponge Iron Limited announced today, March 24, 2026, a new Facility User Agreement with Amalgam Steel & Power Limited. The agreement, effective March 23, 2026, is for the operation of the company's Sponge Iron Plant and associated railway siding in Jharkhand.This development follows a temporary suspension of operations at the company's plant by Vanraj Steels Private Limited and others, previously reported on February 7 and 10, 2026. The new agreement supersedes the prior Facility User Agreement with Vanraj.Bihar Sponge Iron Limited anticipates that the agreement with Amalgam Steel & Power Limited...

Bank of Maharashtra Appoints Prasenjeet Shrikrishna Fadnavis as Shareholder Director Bank of Maharashtra announced the appointment of Mr. Prasenjeet Shrikrishna Fadnavis as a Shareholder Director, effective March 24, 2026. The appointment follows an election process conducted among shareholders, with Mr. Fadnavis securing the majority of votes. He will hold office until June 30, 2028.Mr. Fadnavis's appointment is in accordance with the Bank of Maharashtra (Shares and Meetings) Regulations, 2004 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.Profile of Prasenjeet Shrikrishna FadnavisDetailInformationNamePrasenjeet Shrikrishna FadnavisAge52 YearsEducationBachelor's in Computer Science...

Gujarat Cotex Ltd. Sets Record Date for Rights Issue Gujarat Cotex Ltd. has announced a record date of April 2026 to determine eligibility for shareholders entitled to receive rights entitlements in a forthcoming rights issue. The announcement follows regulations outlined in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The company’s stock symbol on the BSE is 514386, with an ISIN of INE004C0T028. The security type is equity shares.Gujarat Cotex Ltd. has requested Central Depository Services (India) Limited, National Securities Depository Limited, and Purva Sharegistry (India) Private Limited to generate a special BENPOS report as on the record date and provide it to the company.Source:

Cosmic CRF Ltd. Subsidiary Secures Purchase Order Worth ₹835.44 Lakhs Cosmic CRF Ltd. announced that its subsidiary, M/s. N. S. Engineering Projects Private Limited, has received a purchase order from an infrastructure company. The order, valued at ₹835.44 Lakhs (inclusive of GST), is expected to be completed by September 2026.The order involves the supply of 800 metric tons of structural steel products (HSN- 721699) within a period of three months. The terms and conditions of the order were agreed upon between the parties.Neither the awarding entity nor the order falls under related party transactions, and no promoter, promoter group, or group company has any interest in the entity that awarded the order.Order Details...

Infosys and University of Nottingham Extend Collaboration to Strengthen Digital Infrastructure Infosys (NSE, BSE, NYSE: INFY), a global leader in digital services and consulting, and the University of Nottingham have extended their strategic collaboration to enhance the university's Student Management System. The collaboration, which began in 2017, aims to improve high performance and security compliance for the system.Previously, Infosys supported a digital transformation of the University's Student Information System, resulting in a 70 percent reduction in incident volumes, a 30 percent improvement in system availability and performance, a reduction in infrastructure costs of over 35 percent, and an improved user experience...

R&B Denims Limited Sets Record Date for Bonus Equity Share Issue R&B Denims Limited has announced a record date of April 3, 2026, to determine eligibility for a bonus equity share issue. The bonus share distribution will be in a ratio of 1:2, meaning eligible shareholders will receive one bonus equity share for every two shares held.The deemed date of allotment for the bonus shares is April 6, 2026.Source:

Gem Aromatics Limited Discloses Promoter Share Purchase Gem Aromatics Limited announced a change in the shareholding of a designated person on March 24, 2026, according to a regulatory filing.Yash Parekh, a Promoter and Designated Person of Gem Aromatics Limited, acquired 125,000 equity shares in the company. This acquisition occurred on March 24, 2026, through market transactions on the National Stock Exchange (NSE).Prior to the acquisition, Parekh held 45,34,397 equity shares, representing 8.68% of the company’s outstanding shares. Following the purchase, his total holdings increased to 46,59,397 equity shares, which now represents 8.92% of the company’s outstanding shares. The total value of the transaction was 1,97,12,500.Gem...

Escorts Kubota Ltd. Secures Land for Greenfield Project Escorts Kubota Ltd. announced March 24, 2026, that it has been allotted approximately 154 acres of land by the Yamuna Expressway Industrial Development Authority (YEIDA). The land, situated in Sector-10, Gautam Buddha Nagar, Uttar Pradesh, will be used for a greenfield project aimed at enhancing the company’s production capacities.The allotment, formalized through an allotment letter dated March 24, 2026, covers an area of 6,23,291 square meters. The event occurred at 12:00 Noon on March 24, 2026.Source:

ITCONS E-Solutions Ltd. Secures New Contract with Ministry of Defence ITCONS E-Solutions Ltd. (ITCONS | 543806 | INE006A01019) has been awarded a new contract by the DG of Defence Estate, Department of Defence, Ministry of Defence. The contract involves providing 45 resources for a period of one year.The total contract value is INR 17120844.53, inclusive of all taxes and duties. The contract is scheduled to commence on May 01, 2026, and will remain in force until April 30, 2027, with a possibility of extension through mutual agreement.According to company officials, the contract signifies a milestone for ITCONS E-Solutions Ltd. and demonstrates the continued trust placed in the company by government agencies.Contract Details The...

MTNL Enters into MoU with Government of Bihar for Property Transfer Mahanagar Telephone Nigam Limited (MTNL) has entered into a Memorandum of Understanding (MoU) with the Government of Bihar on March 24, 2026, to transfer the leasehold rights of seven residential properties located at the Asian Games Village Complex (Khelgaon), New Delhi.Under the terms of the agreement, MTNL will transfer the leasehold rights to the Government of Bihar at an agreed valuation of Rs 68.43 crore. The amount has been deposited by the Government of Bihar. The MoU will remain in effect for six months, or until the transfer of leasehold rights is complete, whichever occurs first. The validity can be extended through mutual written consent.The properties...

Gujarat Cotex Ltd. Announces Right Issue of Equity Shares Gujarat Cotex Ltd. announced on March 24, 2026, that its Board of Directors has approved a rights issue of equity shares. The decision was made at a meeting held on March 21, 2026.The rights issue will involve 8,54,64,000 fully paid-up equity shares, with a total value of Rs. 5. The offering price is set at Rs. 5 per share, which is at par with the face value of Rs. 5 per share.The rights entitlement ratio is 6 rights equity shares for every 1 equity share held as of the record date. Shareholders eligible to receive the rights entitlement will be determined as of Wednesday, April 1, 2026.Key dates for the rights issue are as follows:Issue Opening Date: April 10, 2026 Last...

Owais Metal & Mineral Processing Limited Clarifies Price Movement Owais Metal & Mineral Processing Limited (formerly Owais Metal 8 Mineral Processing Private Limited and Owais Ali Overseas Private Limited) confirmed on March 24, 2026, that the company is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The clarification follows a communication from the National Stock Exchange of India Limited regarding a significant price movement.The company stated that there is no undisclosed price-sensitive information or impending corporate action requiring disclosure at this time. Saiyyed Owais Ali, Managing Director, with DIN 08291144, provided the assurance.The company’s registered office is...

Hindustan Oil Exploration Company Appoints New CFO, Reconstitutes Board Committees Hindustan Oil Exploration Company Limited announced several leadership changes and board committee reconstitutions on March 24, 2026.The company confirmed the resignation of Mr. N Sivalai Senthilnathan as Chief Financial Officer, effective March 28, 2026, citing personal reasons. Simultaneously, the Board appointed Mr. Allen Joseph Andrade as the new Chief Financial Officer, effective April 1, 2026.Mr. Andrade brings over 40 years of international experience in the Oil and Gas, banking, FMCG, and entertainment sectors. He is a Fellow Chartered Accountant (FCA), holding certifications from ACMA (UK) and AICPA (USA). Previously, he served as VP/CFO...

DIC India Limited Initiates Legal Action Against Star Plastics DIC India Limited announced today, March 24, 2026, that it has filed a commercial suit against Star Plastics before the District Courts in New Delhi. The action follows a previous dispute and settlement agreement reached in May 2025.Previously, DIC India Limited and Star Plastics were involved in mediation proceedings before the Delhi High Court Mediation and Conciliation Centre, with arbitration proceedings before the Indian Council of Arbitration being kept in abeyance. Following a settlement, Star Plastics agreed to pay INR 56,94,833 to DIC India Limited, after accounting for prior ad hoc payments of INR 10,00,000.While INR 2,50,000 has been received, Star Plastics...

Deep Industries Ltd. Receives NCLT Approval for Kandla Energy and Chemicals Merger Deep Industries Limited announced on March 24, 2026, that the Scheme of Amalgamation involving Kandla Energy and Chemicals Limited (KECL), a wholly-owned subsidiary, has been sanctioned by the National Company Law Tribunal (NCLT) Ahmedabad Bench. The order, dated March 23, 2026, was uploaded to the NCLT web portal on March 24, 2026.The merger is being processed under Sections 230 to 232 of the Companies Act, 2013, and applicable regulations. The NCLT order is available on the official website of NCLT and Deep Industries Limited’s website at www.deepindustries.com.This follows a prior disclosure made on June 30, 2025, regarding the proposed...

Indong Tea Company Limited Announces Sale of Shares by Promoter Kolkata – March 24, 2026 – Indong Tea Company Limited disclosed that Mr. Hariram Garg, a promoter of the company, has sold 16,000 equity shares through an open market transaction on March 20, 2026.The sale represents 0.08% of the company’s total share capital. Prior to the sale, Mr. Garg held 20,68,173 shares, representing 10.65% of the total share capital. Following the transaction, his holding decreased to 20,52,173 shares, which equates to 10.57% of the total share capital.Indong Tea Company Limited's total equity share capital stands at Rs. 19,42,10,480.DetailValueNumber of Shares Sold16,000Percentage of Total Share Capital0.08%Holding Before...

Radha Madhav Corporation Ltd. Closes Trading Window Ahead of Financial Results Radha Madhav Corporation Limited (RMCL) announced the closure of its trading window for designated employees, effective Wednesday, April 1, 2026. This measure is in anticipation of the release of the company's audited financial results for the quarter and year ending March 31, 2026.The trading window will reopen 48 hours after the financial results are publicly declared to the stock exchanges. Nitin Jain, Whole Time Director and CFO (DIN: 09833381), confirmed the closure on behalf of Radha Madhav Corporation Limited.Source:

Hindon Mercantile Limited Acquires Convertible Warrants in Mufin Green Finance Limited Hindon Mercantile Limited, along with Kapil Garg, Shelly Garg, Saurabh Garg, Pooja Garg, and Bima Pay Technology Private Limited, has acquired convertible warrants in Mufin Green Finance Limited on March 4, 2026. The acquisition was made through allotment of convertible warrants, which will ultimately be converted into equity shares.As of March 4, 2026, Hindon Mercantile Limited and its persons acting in concert held 9,37,35,653 shares representing 54.11% of the total share/voting capital and 54.11% of the total diluted share/voting capital of Mufin Green Finance Limited.The acquisition involved 76,53,061 convertible warrants, which represents...

Gulf Oil Lubricants India Limited Announces Trading Window Closure Gulf Oil Lubricants India Limited has announced the closure of its trading window, effective April 1, 2026. This action adheres to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s internal code of conduct regarding trading by designated individuals and their immediate relatives.The trading window will remain closed until 48 hours after the public announcement of the company's audited financial results for both standalone and consolidated entities, covering the fourth quarter and fiscal year ending March 31, 2026. During this period, designated individuals and their immediate relatives are prohibited from trading in the company's...