Markets

Deepak Fertilizers and Petrochemicals Corporation Limited Invests in Wind-Solar Hybrid Power Project Deepak Fertilizers and Petrochemicals Corporation Limited announced on March 20, 2026, an agreement with First Energy 11 Private Limited (First Energy) and First Energy Private Limited (FEPL) to invest in a Wind-Solar Hybrid Power Captive Consumption project. The company will invest Rs. 5,00,00,000 for a minimum 26% stake in First Energy, along with other captive users.The investment will provide long-term access to renewable Wind-Solar Hybrid power through captive consumption, which is expected to improve cost efficiencies and support sustainability goals by increasing the company’s share of renewable energy usage and reducing its...

Union Bank of India Raises ₹7,500 Crore Through Long-Term Bond Issue Union Bank of India successfully raised ₹7,500 crore through the issuance of Long-Term Bonds, earmarked for infrastructure and affordable housing financing. The bond issue, offered on a private placement basis to Qualified Institutional Buyers, garnered significant investor interest, with bids totaling ₹9,379.82 crore.The offering was oversubscribed by 3.12 times against the base issue size of ₹3,000 crore. The bank accepted bids amounting to ₹3,000 crore at a coupon rate of 7.16% per annum.Key details of the bond issuance are outlined below:Sl NoParticularsDetails1Issue TypeSenior, rated, listed, unsecured, redeemable, taxable, transferable Long Term fully...

Sanginita Chemicals Limited Enters Share Swap and Share Purchase Agreement with Agastya Green Energy Limited and Others Sanginita Chemicals Limited announced on March 20, 2026, that it has entered into a Share Swap and Share Purchase Agreement ("SSSPA") with Agastya Green Energy Limited ("AGEL"), B N G Investment LLC ("Acquirer 1"), and Mr. Anubhav Agarwal ("Acquirer 2"). The agreement involves the acquisition of AGEL, the allotment of fresh equity shares to Acquirer 1 for a cash consideration, and the purchase of the entire stake of the Existing Promoters and Promoter Group of the Company by the Acquirers.Pursuant to the SSSPA, the Company will swap equity instruments of AGEL with Acquirer 1 and allot fresh equity shares to Acquirer...

Endurance Technologies Limited Reports Insider Trading Violation Pune, March 20, 2026 – Endurance Technologies Limited announced a violation of its Code of Conduct for prevention of Insider Trading, as detailed in a report submitted on March 20, 2026. The violation pertains to transactions made by Designated Person Mr. Prajod Parameswaran Ayyappath, Head - R&D Transmission.According to the report, Mr. Ayyappath purchased two shares of Endurance Technologies Limited for a total of Rs. 5,484.60 on September 25, 2025, and subsequently sold two shares for Rs. 4,939.20 on March 10, 2026. This constituted a contra-trade within a six-month period, violating the company's Code of Conduct.The company has taken action based on its Code of...

Hindustan Media Ventures Ltd. Invests Up to ₹9.34 Crore in KSKT Agromart Private Limited Hindustan Media Ventures Limited announced on March 20, 2026, that it has entered into an agreement to invest up to ₹9.34 crore in KSKT Agromart Private Limited by subscribing to equity shares or convertible equity linked instruments.KSKT Agromart Private Limited, incorporated in Mumbai, operates the ‘Kaze Living’ marketplace, which delivers healthier food alternatives. The company’s turnover for the past three fiscal years has been as follows:Fiscal YearTurnover (₹ Crore)2024-2512.992023-245.452022-231.17The investment is being made with the objective of capital return and to leverage media assets owned by Hindustan Media...

DOMS Industries Establishes DOMS Foundation DOMS Industries Ltd. announced the incorporation of a Section 8 company, DOMS FOUNDATION, on March 19, 2026. The new entity will focus on corporate social responsibility (CSR) activities for the DOMS Group, aligning with Section 135 of The Companies Act, 2013 and related regulations.DOMS Industries Limited is the holding company and listed entity for DOMS FOUNDATION. The foundation is structured as a company limited by guarantee and will act as an implementing agency for CSR initiatives.The DOMS Group maintains an 80% controlling interest in DOMS FOUNDATION, with the remaining 20% held by subsidiaries and an associate company.Below is a summary of key details regarding the newly...

Dalmia Bharat Limited Acquires 26% Stake in Ventora Energy Private Limited Dalmia Cement (Bharat) Limited, a wholly-owned subsidiary of Dalmia Bharat Limited, has entered into agreements to acquire a 26% stake in Ventora Energy Private Limited, an SPV of Ultra Mega Power Private Limited. The acquisition, finalized on March 20, 2026, involves a cash consideration of Rs. 4.42 crore.The acquisition is intended to enhance Dalmia Bharat’s renewable power supply and support the group’s commitment to RE 100 by 2030 and a carbon-negative status by 2040. The wind power acquired will qualify as captive consumer under the Electricity Act/ Rules.The acquisition is subject to customary conditions precedent and is expected to be completed within...

Vikram Solar Appoints Sameer Nagpal as Chief Executive Officer Kolkata, March 20, 2026: Vikram Solar Limited, a leading integrated solar manufacturing and energy solutions provider in India, announced the appointment of Sameer Nagpal as its Chief Executive Officer (CEO), effective immediately.Sameer Nagpal brings over three decades of leadership experience across diverse industries, including Livguard Energy Technologies, Dalmia Bharat Group, Shalimar Paints, Ingersoll Rand, Zicom, and Carrier Air Conditioning. His appointment is intended to drive transformation, accelerate growth, and deliver value creation as Vikram Solar advances its strategic vision.The company has outlined a growth roadmap targeting 15.5 GW of module...

Thomas Cook (India) Limited Announces Composite Scheme of Arrangement Thomas Cook (India) Limited (TCIL) announced a composite scheme of arrangement involving its subsidiaries TC Visa Services (India) Limited (TCVSL), Jardin Travel Solutions Limited (JTSL), and Borderless Travel Services Limited (BTSL) and Sterling Holiday Resorts Limited (SHRL). The scheme, recommended by the Independent Directors Committee and the Audit Committee, includes a demerger of TCIL's Resorts and Resort Management Undertaking into SHRL, a consolidation of TCIL’s share capital, the merger of TCVSL, JTSL, and BTSL with TCIL, and a reduction of TCIL’s share capital.The turnover of the Demerged Undertaking for the year ended December 31, 2025, was INR 70...

Sona BLW Precision Forgings Ltd. Announces Capex Approval, Leadership Changes Sona BLW Precision Forgings Ltd. (Sona Comstar) announced several key decisions following a Board of Directors meeting held on March 20, 2026.The Board approved a capital expenditure (Capex) budget for the financial year 2026-27, allocating INR 622 million for gear capacity enhancement within the Company's Driveline Business. This expansion aims to increase gear capacity by 4.1 million units, with completion expected by financial year 2027-2028. The investment will be funded through internal accruals and/or debt. Current capacity is 64.1 million gears, with approximately 80% utilization based on nine-month data for the financial year 2025-26.The company...

Chemplast Sanmar Limited Announces Leadership Changes Chemplast Sanmar Limited announced changes to its key managerial personnel on March 20, 2026. The changes, effective March 31, 2026, include the departure of N Muralidharan as Chief Financial Officer and M Raman as Company Secretary and Compliance Officer due to a realignment of responsibilities.The company has appointed A R Balaji as Chief Financial Officer, effective April 1, 2026. Balaji holds a Post- Graduation degree in Financial Management from University of Madras and an Executive Master of Business Administration from Great Lakes Institute of Management. He previously worked with The Sanmar Group and the Archean Group, bringing approximately 40 years of experience in...

Supreme Petrochem Limited Receives ESG Rating from SES ESG Research Private Limited Supreme Petrochem Limited announced that it has received an Environmental, Social, and Governance (ESG) rating from SES ESG Research Private Limited. The rating was assigned independently by SES ESG Research Private Limited based on publicly available information regarding the company.Supreme Petrochem Limited stated that it did not engage SES ESG Research Private Limited to obtain the rating.Source:

Vikram Solar Appoints New CEO, Reassigns Existing Executive Vikram Solar Limited announced several leadership changes on March 20, 2026. The company appointed Mr. Sameer Nagpal as Chief Executive Officer, effective March 20, 2026. Mr. Nagpal brings over 30 years of experience across various industries.Mr. Krishna Kumar Maskara, currently Whole-time Director & Chief Executive Officer (Interim), has been redesignated as Whole-Time Director & Chief Operating Officer (COO), also effective March 20, 2026. His directorship and remuneration remain unchanged.The company also noted the resignation of Mr. Anil Bhadauria from the position of Executive Vice President & Head of Manufacturing Operations, effective May 31, 2026.Leadership...

Priyanka Jaju Acquires Convertible Warrants in Godavari Drugs Ltd. Godavari Drugs Limited announced that Priyanka Jaju, a promoter of the company, acquired 1,00,000 convertible warrants through a preferential issue on March 18, 2026.The acquisition was made via preferential allotment. Prior to the acquisition, Jaju held 1,85,000 shares representing 2.46% of the company's total share/voting capital. Following the acquisition of the warrants, Jaju's holding increased, with a total of 2,85,000 shares representing 1.83% of the company’s total share/voting capital and 2.28% in warrants.Godavari Drugs Limited’s total share capital stands at Rs. 7,53,05,000, divided into 75,30,500 fully paid-up equity shares of Rs. 10 each. The total...

Leo Dryfruits & Spices Enters Supply Agreement with Haldiram Mumbai, March 20, 2026: Leo Dryfruits & Spices Trading Limited announced that its subsidiary, Vandu Food Processing Private Limited (VFPPL), has entered into a Supply Agreement with Haldiram Marketing Private Limited, a leading FMCG company in India.Under the agreement, VFPPL will process and supply cashew nuts and related food products, adhering to specifications, quality standards, and instructions from Haldiram. The scope includes converting raw cashew nuts into finished products like cashew pieces and cashew powder.Key Highlights of the Agreement The partnership with Haldiram strengthens Leo Dryfruits & Spices’ position in the institutional and B2B segment. The...

Olectra Greentech Appoints Rajesh Sharma as Vice President Olectra Greentech Limited announced the appointment of Rajesh Sharma as Vice President-Sales, Marketing & Communications (Mobility Division), effective March 20, 2026.Rajesh Sharma brings over three decades of experience in the automotive and engineering sectors, with more than seven years focused on the Electric Vehicle (EV) industry. Prior to joining Olectra Greentech, he held senior leadership roles at QUCEV Technology Private Limited, Switch Mobility Automotive Limited, Pinnacle Industries Limited, and Neuton Auto. His experience includes driving sales and marketing strategies for electric trucks, buses, and light commercial vehicles. Sharma holds a Bachelor of Mechanical...

FDC Ltd. Restructures Board Committees and Appoints New Chairman FDC Limited announced changes to the composition of its Board Committees, effective April 1, 2026. The adjustments affect the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee.Audit Committee CompositionThe Audit Committee now comprises CA Vijay Maniar as Chairperson, alongside Mr. Mohan A. Chandavarkar, CA Vijay N Bhatt, and CA Kishore M. Saletore as members.Nomination and Remuneration Committee CompositionThe Nomination and Remuneration Committee features Dr. Mahesh Bijlani as Chairperson, with CA Vijay Maniar and CA Vijay N Bhatt serving as members.Corporate Social Responsibility Committee CompositionThe...

Kiri Industries Limited Completes DyStar Matter, Announces Strategic Shift and Copper/Fertilizer Investments Kiri Industries Limited announced the successful resolution of the dispute regarding its investment in DyStar, following a final order from the Singapore Court. The company received proceeds of USD 689 million, approximately INR 6200 crore, materially strengthening the balance sheet.With the DyStar matter concluded, Kiri Industries is entering a new strategic phase focused on long-term growth through diversification into copper and fertilizer manufacturing while strengthening its specialty chemicals platform.Established in 1998 and headquartered in Gujarat, Kiri Industries Limited is a leading manufacturer and exporter of...

Godavari Drugs Ltd. Promoter Acquires Convertible Warrants Godavari Drugs Limited announced that Sushma Kakani, a promoter of the company, has acquired 4,23,000 convertible warrants through a preferential issue on March 18, 2026.According to a regulatory filing, Kakani’s acquisition of the warrants increases their holdings. Prior to the acquisition, Kakani held 11,55,000 shares representing 15.34% of the company's total share capital and 15.31% of the diluted share capital.Following the acquisition of 4,23,000 warrants, Kakani’s total holdings now stand at 15,78,000, which translates to 11.40% and 12.04% of the total and diluted share capital respectively.Godavari Drugs Limited has an equity share capital of Rs. 7,53,05,000...

Tanushree Kakani Acquires Convertible Warrants in Godavari Drugs Ltd. Godavari Drugs Limited announced that Tanushree Kakani, a promoter of the company, acquired 1,38,000 convertible warrants through a preferential issue on March 18, 2026.According to a filing, prior to the acquisition, Kakani held 1,40,000 shares. The acquisition was made through preferential allotment.The total share capital of Godavari Drugs Limited before the acquisition was Rs. 7,53,05,000, divided into 75,30,500 fully paid-up equity shares of Rs. 10 each. Following the acquisition, the equity share capital is Rs. 10,12,74,350 divided into 1,01,27,435 equity shares of Rs. 10 each.Details of Acquisition: The following table summarizes the changes in holdings...