Markets

JK Tyre Distributes Proceeds from Fractional Entitlement Sale JK Tyre & Industries Limited announced on March 23, 2026, that it has distributed proceeds from the sale of consolidated fractional entitlements to eligible shareholders of Cavendish Industries Ltd., following a scheme of amalgamation.The Scheme of Amalgamation of Cavendish Industries Ltd. with JK Tyre & Industries Limited and their respective shareholders was sanctioned by the Hon'ble National Company Law Tribunal, Jaipur Bench on November 20, 2025, and became effective on December 22, 2025, with a deemed appointed date of April 18, 2025. As part of the scheme, 1,42,69,484 equity shares of Rs. 2/- each were allotted to eligible equity shareholders of Cavendish Industries...

Sudarshan Colorants India Ltd. Receives Order from Tamil Nadu Tax Authority Sudarshan Colorants India Ltd. announced today, March 23, 2026, that it received a GST DRC-07 order from the Office of the Commercial Tax Officer, Jurisdiction: Chidambaram-I, Cuddalore, Tamil Nadu. The order pertains to the period from April 2024 to March 2025.The total amount of the order is Rs. 62,06,648, comprising Rs. 43,35,526 in tax, Rs. 11,52,419 in interest, and Rs. 7,18,703 in penalties.The company intends to appeal the order and anticipates no significant impact on its financial, operational, or other activities. Sudarshan Colorants India Ltd. believes it has a strong case regarding the points raised by the Tamil Nadu tax authority.Below is a...

IndiGo Appoints Aloke Singh as Chief Strategy Officer National, March 23, 2026 – InterGlobe Aviation (IndiGo) announced the appointment of Mr. Aloke Singh as Chief Strategy Officer, effective April 6, 2026. The appointment was approved by the Board of Directors at a meeting held on March 23, 2026.In his new role, Mr. Singh will lead the company's long-term strategic planning function and drive enterprise-wide transformation initiatives aimed at accelerating growth, enhancing operational efficiency, and strengthening competitive positioning. He will work closely with the leadership team to improve agility, elevate customer experience, and deliver shareholder value.Mr. Singh brings over three decades of aviation industry experience...

SBL Infratech Appoints Kinjal Alpeshbhai Solanki to Key Leadership Roles SBL Infratech Limited announced the appointment of Ms. Kinjal Alpeshbhai Solanki to two key leadership positions, effective March 23, 2026. The decisions were made at a Board of Directors meeting held on that date.Ms. Solanki was appointed as an Additional Executive Director and as Chief Financial Officer (CFO) and Key Managerial Personnel. The Board meeting commenced at 5:00 P.M. and concluded at 5:30 P.M.Ms. Kinjal Alpeshbhai Solanki holds a Bachelor of Arts (B.A.) degree. As Additional Executive Director, she brings over four years of experience in teaching and academic administration, demonstrating strong organizational and leadership skills. In her role as...

Electronics Mart India Ltd. Opens New Store in Delhi Electronics Mart India Ltd. commenced commercial operations of a new Multi-Brand Store on March 23, 2026, in Delhi. The store operates under the 'ELECTRONICS MART' brand.The new store is located at Shop No. 1 & 2, S-2, S-2/4, Ground Floor, Commercial Shopping Centre-1, Avantika, Sector-1, Rohini, Delhi-110085. The retail space covers an area of 3,200 square feet.Source:

The Phosphate Company Ltd. Announces Trading Window Closure Kolkata – The Phosphate Company Ltd. has announced the closure of its trading window for trading in the company's securities. This action is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended.The trading window will remain closed starting April 18, 2026, and will reopen 48 hours after the announcement of the company’s financial results for the quarter and year ended March 31, 2026.The date for the Board of Directors' meeting to approve the financial results will be communicated subsequently.The company is headquartered at Works 47, Ramkrishna Road, Rishra, Hooghly, and its registered and administrative office is located at 14...

Marg Techno Projects Limited Responds to Stock Price Movement Marg Techno Projects Limited (CIN: L69590GJ1993PLC019764) addressed inquiries regarding recent movements in the price of its securities. The company responded to a communication received from the BSE Limited on March 20, 2026, concerning the price fluctuations.According to the company, the observed price movement is attributed to general market conditions and is market-driven. Marg Techno Projects Limited affirmed its commitment to providing timely disclosures of price-sensitive information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.Akhil Nair, Managing Director (DIN: 07706503), provided the...

MPS Ltd. Appoints Deepti Singh as Chief People Officer MPS Ltd. announced the appointment of Deepti Singh as Chief People Officer and Senior Management Personnel, effective March 23, 2026.According to a company statement, Ms. Singh brings over 16 years of experience in human resources, previously serving as SVP, HR and Chief of Staff at Incedo Inc. Her prior experience includes pivotal roles at Flipkart and Target India.S.No.ParticularsDetails1Reason for changeAppointment of Ms. Deepti Singh as Chief People Officer and Senior Management Personnel.2Date of appointmentEffective from the commencement of business hours on March 23, 2026.4Disclosure of relationshipsNot Applicable. Ms. Deepti Singh is not related to any...

AK Capital Services Ltd. Announces Issuance of Commercial Papers AK Capital Services Limited announced on Monday, March 23, 2026, that its Banking and Investment Committee has approved the issuance of commercial papers.The company plans to list 100 units of commercial papers on the BSE Limited, with a face value of INR 5,00,000 each. This issuance will aggregate to a total of INR 5,00,00,000 (Indian Rupees Five Crores only). The commercial papers are scheduled to mature on October 15, 2026.Source:

Swan Corp Ltd Appoints Additional Independent Director Swan Corp Ltd announced the appointment of Ms. Bhagwati Sharma as an Additional Director to the company’s Board, effective March 23, 2026. The appointment was approved via a circular resolution by the Board of Directors.Ms. Sharma's appointment is for a period of five years, commencing March 23, 2026, and extending until March 22, 2031, pending shareholder approval. She will serve as an Independent Director.According to company information, Ms. Sharma is a Practicing Company Secretary with over 14 years of experience in consultancy and compliance services related to corporate law in India. She is not related to any existing directors of Swan Corp Ltd. Furthermore, Ms. Sharma is...

Vardhman Polytex Limited Allots 65,00,000 Shares Following Warrant Conversion Vardhman Polytex Limited announced the allotment of 65,00,000 equity shares on March 23, 2026, resulting from the conversion of an equal number of warrants. The allotment follows the receipt of an amount totaling Rs.6,11,81,250 from warrant holders, representing 75% of the issue price per warrant.The company initially issued 7,24,50,000 convertible warrants on a preferential basis to a promoter group entity on March 27, 2025. Each warrant was priced at Rs. 12.55 and was convertible into one equity share of Re. 1 each.The newly allotted equity shares carry a face value of Re. 1 each and a premium of Rs. 11.55 per share. The total consideration for the...

Birla Corporation Announces Commencement of Commercial Production at Kundanganj Plant Birla Corporation Limited announced the commencement of commercial production at its Kundanganj grinding unit in Uttar Pradesh on March 23, 2026. The expansion, undertaken by RCCPL Private Limited, a wholly-owned subsidiary of Birla Corporation, adds 1.4 million tons of grinding capacity.The new production line at the Kundanganj unit was successfully commissioned on March 23, 2026, at approximately 4:30 p.m. (IST). This expansion increases the unit’s production capacity by 1.4 million tons.Following the expansion, Birla Corporation's consolidated production capacity now stands at 21.4 million tons. The company anticipates that the enhanced grinding...

Gujarat State Petronet Limited Receives Income Tax Order Gujarat State Petronet Limited announced it received an Income Tax order under Section 143(3) read with Section 144B of the Income-Tax Act, 1961, dated March 23, 2026. The order pertains to the Assessment Year 2024-25 (Fiscal Year 2023-24) and is order number ITBA/AST/S/143(3)/2025-26/1087736929(1).The Income Tax Department’s Scrutiny Assessment Order accepts the returned income as assessed income without adjustments. However, the department has mistakenly calculated the total income at Rs. 1683 crore instead of the correctly returned and assessed income of Rs. 1435 crore. This error resulted in an erroneous demand of Rs. 77.76 crores, including interest.According to the...

Capri Global Capital Limited Receives Credit Ratings from Moody’s and Fitch Mumbai, March 23, 2026 – Capri Global Capital Limited, a leading non-banking financial company (NBFC), has secured credit ratings from Moody’s Ratings and Fitch Ratings, marking a significant milestone for the company.Moody’s has assigned Capri Global a first-time ‘Ba3’ Corporate Family Rating (CFR) with a stable outlook. Fitch Ratings has assigned the company a ‘BB- (Stable)’ Long-Term Issuer Default Rating (IDR), along with a ‘B’ Short-Term IDR and a ‘BB- (Stable)’ Local Currency Long-Term IDR.These ratings reflect Capri Global's diversified lending portfolio, improving asset quality, strong capitalization, and focus on prudent risk management. The stable...

Birla Corporation Subsidiary Expands Kundanganj Unit, Boosting Production Capacity Kolkata, 23 March—RCCPL Private Limited, a wholly-owned subsidiary of Birla Corporation Limited, has commissioned the third line of production at its Kundanganj grinding unit in Uttar Pradesh. This expansion increases the unit's production capacity by 1.4 million tons (mt).Following the expansion, Birla Corporation Limited's consolidated production capacity now stands at 21.4 mt. The company previously announced plans to further expand its capacity to 27.6 mt by 2028-29. The Kundanganj expansion project is estimated to cost approximately Rs 300 crore.The increased grinding capacity is expected to generate close to 100,000 direct and indirect jobs and...

Vedant Fashions Limited Reschedules Investor Meeting Vedant Fashions Limited announced a rescheduling of one meeting with analysts and investors, initially planned for March 23, 2026. The meeting has been moved to March 24, 2026, and will be conducted virtually in a one-to-one format.The company confirmed that discussions during the meeting will be based solely on publicly available information and will not involve any unpublished price-sensitive information.Below is a summary of the meeting rescheduling:Earlier DateRevised DateMode of InteractionType of InteractionMarch 23, 2026 (Monday)March 24, 2026 (Tuesday)VirtualOne-to-oneVedant Fashions Limited noted that the schedule is subject to potential changes due to...

Capri Global Capital Limited Invests in Subsidiary Capri Global Housing Finance Limited Capri Global Capital Limited announced on March 23, 2026, that it has received an allotment of 72,99,270 fully paid-up Equity Shares in Capri Global Housing Finance Limited (CGHFL), its wholly-owned subsidiary. The shares were allotted as part of a rights issue by CGHFL.The allotment followed approval by the Management Committee of CGHFL at a meeting held on March 23, 2026. The shares were issued at an issue price of Rs. 274 per Equity Share, including a premium of Rs. 264 per share.As a result of the allotment, Capri Global Capital Limited's shareholding in CGHFL has increased from 7,88,08,203 shares to 8,61,07,473 shares.Capri Global Housing...

GOCL Corporation Limited Announces Land Monetization Deal in Bengaluru GOCL Corporation Limited announced that its Board of Directors has approved the early monetization of land located in Yelahanka, Bengaluru, within the 'ecopolis' project. The project encompasses approximately 38 acres of land under a joint development agreement with Hinduja Realty Ventures Limited (HRVL). The property is currently in the process of being de-notified from Special Economic Zone (SEZ) purview.The monetization will occur through the sale of the entire land and associated buildings to a leading industrial house. The total consideration for the land and buildings is approximately Rs.2,261 crores, with the sale transaction anticipated to be completed in...

Endurance Technologies Schedules Meetings with Axis Mutual Fund Endurance Technologies Limited announced a one-on-one meeting with Axis Mutual Fund scheduled for March 25, 2026, in Pune. The meeting is slated to run from 3:00 p.m. to 4:00 p.m. Senior management representatives from Endurance Technologies will be present.A presentation potentially used during the meeting is available for review at https://www.endurancegroup.com/wpcontent/uploads/2026/03/CORPORATE-PPT_05.03.2026_.pdf. The company noted the meeting schedule is subject to change.Endurance Technologies Limited, BSE Code: 540153, NSE Code: ENDURANCE, is headquartered in Chhatrapati Sambhajinagar, Maharashtra, with an additional office in Pune, Maharashtra.Source:

Dredging Corporation of India Appoints Capt. S. Divakar as Managing Director & CEO Dredging Corporation of India Limited (DCI) announced the appointment of Capt. S. Divakar as Managing Director & Chief Executive Officer, effective March 23, 2026. The Nomination and Remuneration Committee and Board of Directors approved the appointment at a meeting held on the same date.Capt. Divakar, who currently serves as Chief General Manager, will hold the position of Additional Director until the next General Meeting, scheduled within three months. Shareholder approval will then be sought for his regular appointment as a Non-Independent & Executive Director, extending until he reaches the age of 60 years or until further orders.Capt. Divakar...