Markets

Kirloskar Oil Engines Limited Receives Order-In-Appeal, Reducing Tax Demand Kirloskar Oil Engines Limited announced today, March 21, 2026, that it received an Order-In-Appeal concerning a goods and services tax matter. The order, issued by the Office of Joint Commissioner of State Tax in Pune, Maharashtra, was partially in favor of the company.The Order-In-Appeal resulted in a reduction of the original tax demand and associated interest. Specifically, the interest levied decreased from ₹1,10,43,912 to ₹1,09,68,308, while the tax demand was reduced from ₹1,28,33,572 to ₹1,25,05,603. The penalty amount of ₹25,13,471 remains unchanged.The matter relates to a previous order dated February 12, 2025, FORM GST DRC - 07 under Section 73 (9)...

NINtec Systems Ltd. Appoints Independent Directors Following Shareholder Vote NINtec Systems Ltd. announced the results of its postal ballot, conducted between February 18, 2026, and March 19, 2026. The results, based on e-voting facilitated by National Securities Depository Limited (NSDL), were released on March 20, 2026, following a review by Scrutinizer Tushar M. Vora.Shareholders approved the appointment of Mr. Mehul Ganpatbhai Makkampara (DIN: 11490241) and Mr. Rahul Ratankumar Guhathakurta (DIN: 11492675) as independent directors (non-executive).For the resolution concerning Mr. Makkampara, 3,500,616 shareholders voted in favor, representing 99.98% of the votes polled. Mr. Guhathakurta's appointment received 3,504,674 votes...

Kirloskar Oil Engines Limited Receives Order Regarding GST Tax Demand Kirloskar Oil Engines Limited announced on March 21, 2026, that it received an Order-in-Appeal from the Office of Joint Commissioner of State Tax, Pune, Maharashtra, regarding Goods and Services Tax (GST) for fiscal year 2019-20.The order pertains to a GST Input Tax Credit (ITC) mismatch and ITC disallowance. The demand includes Rs. 22,133,563 in interest, Rs. 190,840,98 in tax, and Rs. 19,084,09 in penalty, totaling Rs. 233,058,64.According to the company, the order does not foresee any material impact on its financial, operations, or other activities. Kirloskar Oil Engines Limited has stated it will file a second appeal before the appropriate authority within...

Syschem India Ltd. Announces Trading Window Closure Syschem India Ltd. (NSE: 531173) has announced the closure of its trading window for Directors, officers, Designated Persons, and their immediate relatives, effective Wednesday, April 1, 2026. This action aligns with the Securities and Exchange Board of India (SEBI) regulations regarding the prohibition of insider trading.The trading window will remain closed until 48 hours after the announcement of the company’s audited financial results for the quarter and year ended March 31, 2026.Dates for the Board of Directors' meeting to approve the financial results will be announced at a later date.Shikha Kataria, Company Secretary and Compliance Officer, confirmed the closure.Source:

Sai Life Sciences Receives Order Under Income Tax Act Sai Life Sciences Limited announced on March 21, 2026, that it received an order from the Deputy Commissioner of Income Tax (International Taxation) Hyderabad on March 18, 2026, under Section 201 (1) of the Income Tax Act of 1961. The order pertains to non-deduction of Tax Deducted at Source (TDS) on payments made to a non-resident for the assessment year 2020-21.The order specifies a tax amount of INR 2,54,39,944 and interest of INR 1,99,17,238. The penalty amount will be assessed and levied by the officer.According to the company’s assessment, an appeal will be filed, and Sai Life Sciences anticipates a favorable outcome at the appellate level. The company does not reasonably...

Cords Cable Industries Ltd. Announces Trading Window Closure Cords Cable Industries Ltd. has announced the closure of its trading window for directors, designated employees, insiders, and their immediate relatives. The closure, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company’s Code for prevention of Insider Trading, commenced Wednesday, April 1, 2026.The trading window will remain closed until 48 hours after the public declaration of the company's audited financial results for the quarter and 12 months ended March 31, 2026, along with the auditor’s report.Source:

Alps Industries Limited Announces New Registered Office for Maintaining Books of Accounts Noida, India – March 21, 2026 – Alps Industries Limited announced today that its Board of Directors has approved the maintenance of the company’s books of accounts and statutory records at a new registered office.Effective immediately, the new registered office is located at A-115, Sector-136, Maharishi Nagar, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201304.The decision, approved by the Board on March 20, 2026, fulfills requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ajay Gupta, Company Secretary & Asstt. Vice President - Legal...

Dynamic Cables Ltd. Receives Credit Rating Reaffirmation from CRISIL Dynamic Cables Ltd. announced on March 21, 2026, that CRISIL Ratings Limited (CRISIL) has reaffirmed its credit ratings for the company’s banking facilities. The total value of these facilities is Rs. 350 Crores, an increase from the previous value of Rs. 295.55 Crores.CRISIL reaffirmed a long-term rating of CRISIL A/Stable and a short-term rating of CRISIL A1.The detailed CRISIL Ratings can be viewed at https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/DynamicCa blesLimited\March%2020\%202026\_RR\_387680.html.Naina Gupta, Company Secretary and Compliance Officer (M. No. A56881), provided the information. The company’s Corporate...

Surbhi Industries Ltd. Announces Trading Window Closure Surbhi Industries Ltd. has announced the closure of its trading window for directors, Key Management Personnel (KMPs), designated persons, and their relatives, effective April 1, 2026. This action aligns with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal “Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders.”The trading window will remain closed until 48 hours after the declaration of the company’s audited standalone financial results for the quarter and financial year ending March 31, 2026.The date for the board meeting to approve and officially record these financial results will be communicated at a later...

Akar Auto Industries Ltd. Closes Trading Window Ahead of Earnings Announcement Akar Auto Industries Ltd. has announced the closure of its trading window for designated individuals, effective April 1, 2026. The restriction, implemented in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, will remain in place until 48 hours following the release of the company’s audited financial results for the quarter and year ended March 31, 2026.The trading window closure affects all designated persons and their immediate relatives. A separate announcement regarding the upcoming board meeting is expected. Akar Auto Industries is listed on the Bombay Stock Exchange under BSE Code 530621 and Scrip ID AAIL.Source:

Lead Financial Services Ltd. Responds to Share Price Movement Lead Financial Services Limited addressed concerns regarding recent fluctuations in its share price, responding to a communication from the Bombay Stock Exchange (BSE) dated March 5, 2026. The company stated that it has fulfilled all required disclosures as per the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, and that it is unaware of any undisclosed information or events influencing the price.The company attributes the share price movement to prevailing market conditions and characterizes it as market-driven. Lead Financial Services Limited confirmed it has no control over market fluctuations and is not...

Adani Power to Participate in Morgan Stanley India Seminar Adani Power Ltd. announced it will participate in the Morgan Stanley India Industrials & Energy Seminar (Equity Conference) on Tuesday, March 24, 2026.The group meeting will be held virtually from 2:00 p.m. to 3:00 p.m. local time.EventModeType of MeetingDateTimeMorgan Stanley India Industrials & Energy Seminar (Equity Conference)Virtual MeetingGroup MeetingTuesday, March 24, 20262:00 p.m. to 3:00 p.m. (local time)Source:

Raghuvansh Agrofarms Ltd. Announces Trading Window Closure Raghuvansh Agrofarms Ltd. announced it will close its trading window from April 1, 2026, until 48 hours after the release of the company’s audited financial results for the fiscal year ending March 31, 2026.This action is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s Code of Conduct for Designated Persons. During this period, Designated Persons and their immediate relatives are prohibited from trading in the company's securities.The date for the board meeting to consider and approve the financial results will be announced separately. Raghuvansh Agrofarms Ltd.’s scrip code is 538921 on the BSE Limited.Source:

Ambika Cotton Mills Ltd. Announces Trading Window Closure Ambika Cotton Mills Ltd. has announced a closure of its trading window for directors and designated officers, effective April 1, 2026. This measure is being implemented in connection with the consideration of audited financial results for the quarter and twelve months ended March 31, 2026, in accordance with the company's code of conduct and SEBI’s insider trading regulations.The trading window will remain closed for 48 hours following the public announcement of the audited financial results.Ambika Cotton Mills is listed on the Bombay Stock Exchange (BSE) under Scrip Code: 531978 and on the National Stock Exchange (NSE) under the symbol AMBIKCO.Source:

Kreon Financial Services Ltd. Appoints Riddhi Lunkad as Chief Strategy Officer Kreon Financial Services Ltd. announced on March 21, 2026, that shareholders have approved the appointment of Mrs. Riddhi Lunkad as the Chief Strategy Officer. The resolution was passed via a postal ballot conducted remotely, adhering to the Companies Act, 2013, and applicable regulations.The appointment was confirmed by shareholders through a Postal Ballot process that concluded on Friday, March 20, 2026. A Scrutinizer’s Report, dated March 20, 2026, verified the resolution’s passage with the required majority.S. NoParticularsNature of Resolution1Appointment of Mrs. Riddhi Lunkad as the Chief Strategy Officer of the CompanyOrdinary ResolutionSource:

Kreon Financial Services Ltd. Appoints Riddhi Lunkad as Chief Strategy Officer Following Postal Ballot Kreon Financial Services Ltd. announced on March 21, 2026, that Mrs. Riddhi Lunkad has been appointed as the Chief Strategy Officer. The appointment followed a postal ballot e-voting process conducted between February 19, 2026, and March 20, 2026.The company dispatched the postal ballot notice via email to 1,898 shareholders on February 16, 2026, and issued advertisements in Makkal kural and Trinity Mirror newspapers on February 17, 2026.A total of 37 shareholders participated in the e-voting process, representing 13,929,265 shares. The results, scrutinized by Lakshmmi Subramanian & Associates, indicated that all valid votes were...

Mphasis Ltd. Announces Trading Window Closure Mphasis Limited has announced the closure of its trading window for designated persons, effective Monday, March 23, 2026. This action is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.The trading window will remain closed until 48 hours after the financial results for the quarter and year ended March 31, 2026, are declared. The date for the board meeting to approve these financial results will be communicated separately.Source:

Sandu Pharmaceuticals Announces Trading Window Closure Sandu Pharmaceuticals Ltd. announced the closure of its trading window for Directors, Key Managerial Personnel (KMPs), Promoters, Promoter Group, and Designated Persons, as well as their immediate relatives. The closure, in accordance with the company’s Code of Conduct for Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations, 2015, began on Wednesday, April 1, 2026.The trading window will remain closed for 48 hours following the announcement of the company’s financial results for the quarter and year ended March 31, 2026. The date for the Board Meeting to consider these financial results will be communicated at a later date.During the closure...

Euro Panel Products Limited Announces Subsidiary Incorporation Euro Panel Products Limited announced the incorporation of a new subsidiary company in India, following a board meeting held on Saturday, March 21, 2026. The meeting of the Board of Directors commenced at 10:30 a.m. and concluded at 11:00 a.m.The company intends to invest in the share capital of the subsidiary and maintain a majority stake. The name of the subsidiary is pending approval from the Registrar of Companies under the Ministry of Corporate Affairs.The factory is located at City Survey No NA 124/4/1 & City Survey No NA 780 /2, Manekpur, Khattalwada Road, Sanjan, Umbergaon, Valsad - Gujarat - 396 120. Rajesh Nanalal Shah, Managing Director (DIN: 02038392)...

Godawari Power and Ispat Ltd Allots Shares Through Employee Stock Option Plan Godawari Power and Ispat Limited announced the allotment of 1,97,002 equity shares following the exercise of vested options under the Godawari Power and Ispat Limited - Employee Stock Option Plan 2023 ("GPIL ESOP 2023"). The allotment was approved by the Nomination and Remuneration Committee through a circular resolution passed on March 21, 2026.Share Allotment Details:The following table details the share allotments:GrantNo. of Shares Allotted EarlierNo. of Shares Allotted TodayCumulative No. of Shares Allotted1st Grant7,82,8501,72,4809,55,3302nd Grant37,61824,52262,140Total8,20,4681,97,00210,17,470The newly allotted shares rank pari...