Markets

Tamilnad Mercantile Bank Limited Announces Proposed Equity Share Transfer to IEPF Account Tamilnad Mercantile Bank Limited announced on March 20, 2026, its intention to transfer equity shares to the Investor Education and Protection Fund (IEPF) Account, adhering to the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016.The notice regarding this proposed transfer was published on March 20, 2026, in the English edition of 'Business Line' and the Tamil edition of 'The Hindu'.The bank's shares are listed on the National Stock Exchange of India Ltd. under Symbol: TMB and Scrip Code: 543596, and on the Bombay Stock Exchange limited.Source:

Carysil Limited Announces Board Decisions Including Asset Acquisition and Subsidiary Restructuring Carysil Limited announced several key decisions following a board meeting held on March 20, 2026. The company approved the appointment of M/s BDO India LLP as the Internal Auditor and M/s S.S. Puranik & Associates as the Cost Auditor for the financial year 2026-27.The Board also approved an extension of the timeline for utilizing the balance capital expenditure funds from the Qualified Institutional Placement (QIP) from March 31, 2026, to March 31, 2027.Furthermore, the Board approved a restructuring plan involving the transfer of business, assets, and liabilities of Carysil Brassware Limited, a wholly owned step-down subsidiary in the...

Total Transport Systems Limited Receives Order from GST Authorities Mumbai – March 20, 2026 – Total Transport Systems Limited (SYMBOL: TOTAL) announced today that it has received an order from the Assistant Commissioner, Central Goods & Services Tax & Central Excise, Division- VIII, Mumbai East Commissionerate. The order, dated December 31, 2025, pertains to alleged non-compliance under the Goods and Services Tax (GST) laws for the period of April 2018 to March 2019.The company faces a demand aggregating to ₹63,85,350, which includes a tax amount of ₹31,92,675 and a penalty amount of ₹31,92,675. The order alleges violations related to ineligible input tax credit claims from non-compliant suppliers and excess input tax credit claims...

Torrent Power Acquires 100% Stake in Onix-One Enersol Private Limited Torrent Power Limited announced on March 20, 2026, that its wholly-owned subsidiary, Torrent Green Energy Private Limited (TGEPL), has acquired 100% of the equity share capital of Onix-One Enersol Private Limited. The acquisition involved the purchase of 10,000 equity shares at a face value of ₹ 10 each, for a total consideration of ₹ 1,00,000 from Nikhil Hareshbhai Savaliya and Divyeshkumar Mansukhlal Savaliya.Onix-One Enersol Private Limited, incorporated on July 31, 2023, recorded a turnover of ₹ 19.44 crore in fiscal year 2025 and ₹ 2.07 crore in fiscal year 2024. The entity operates in the electricity generation from renewable energy sector.According to...

Rashtriya Chemicals and Fertilizers Limited Receives Income Tax Demand Notice Rashtriya Chemicals and Fertilizers Limited (RCF), a Government of India undertaking, announced it has received a demand notice from the Income Tax Department totaling Rs. 4,36,49,106. The demand relates to disallowances and additions made during assessments for the assessment years 2020-2021, 2021-2022, and 2023-2024.According to a communication to the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited, the details of the demand are as follows:Sr.NoParticularsDetails (AY)Amount (Rs.)Details1Name of the AuthorityIncome Tax Department2Period Involved2020-2021 AY 2020-2021, AY 2021-2022, AY 2023-20243Nature and details of...

JK Paper Limited Allots Shares Following Composite Scheme of Arrangement JK Paper Limited announced today, March 20, 2026, the allotment of 10,91,64,27 equity shares with a face value of Rs. 10 each to eligible shareholders of Enviro Tech Ventures Limited (ETVL), as part of a composite scheme of arrangement.The allotment follows the recent effectiveness of the scheme, which involves the amalgamation of JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, Horizon Packs Private Limited, and Enviro Tech Ventures Limited with and into JK Paper Limited. The scheme also includes a reduction and conversion of Redeemable Preference Shares of Enviro Tech Ventures Limited into unsecured loans and the demerger...

Karur Vysya Bank Revises Base Rate and BPLR Karur Vysya Bank Limited announced revisions to its Base Rate and Benchmark Prime Lending Rate (BPLR), effective March 24, 2026. The changes, disclosed on March 20, 2026, are detailed in the table below:Nature of ROIExistingRevisedBase Rate10.70%10.50%BPLR15.70%15.50%The revision impacts the bank’s lending rates and follows a review of its lending policies. Srinivasarao M, Company Secretary & Deputy General Manager, communicated the changes.Source:

Torrent Power Acquires 100% of Onix-One Enersol Private Limited Torrent Power Limited announced the acquisition of 100% of the equity shares of Onix-One Enersol Private Limited on March 20, 2026. Torrent Green Energy Private Limited, a wholly-owned subsidiary of Torrent Power, acquired 10,000 equity shares at a face value of ₹ 10 each for a total consideration of ₹ 1,00,000 from Nikhil Hareshbhai Savaliya and Divyeshkumar Mansukhlal Savaliya.The acquisition of Onix-One Enersol, which had a turnover of ₹ 19.44 crore in fiscal year 2025, will enable Torrent Power to support ongoing and upcoming client commitments, as connectivity has been secured and land has been identified. Onix was incorporated on July 31, 2023, and reported a...

Elixir Capital Subsidiary Involved in Settlement Scheme with SEBI Mumbai, India – March 20, 2026 – Elixir Capital Ltd. announced that its subsidiary, Elixir Equities Private Limited, is involved in a Settlement Order passed by the Securities and Exchange Board of India (SEBI). The order, dated March 17, 2026, falls under the 'Settlement Scheme for Association with Certain Algo Platforms, 2025', which applies to 111 stock brokers.Elixir Equities Private Limited is required to pay a settlement amount of ₹1,00,000 under the scheme. The matter relates to alleged association with certain algo platforms and potential violations of SEBI circulars and the SEBI (Stock Brokers) Regulations, 1992.According to Elixir Capital Ltd., the...

Promoter Pledges Shares in Adishakti Loha and Ispat Ltd. Afloat Enterprises Limited, formerly known as Adishakti Loha and Ispat Ltd., announced that Pawan Kumar Mittal, a promoter of the company, has pledged 141,252 equity shares. The disclosure was made on March 20, 2026, and references regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.Table: Details of Pledged SharesDetailValuePromoterPawan Kumar MittalShares Pledged141,252Date of PledgeMarch 14, 2026Source:

JK Paper Ltd. Allots Shares to Enviro Tech Ventures Limited Shareholders JK Paper Limited announced on March 20, 2026, the allotment of 10,916,427 equity shares with a face value of Rs. 10 each to eligible shareholders of Enviro Tech Ventures Limited (ETVL). This allotment follows the approval of a composite scheme of arrangement involving JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, Horizon Packs Private Limited, Enviro Tech Ventures Limited, and JK Paper Limited.The share allotment is in accordance with the exchange ratio stipulated in the scheme. The newly allotted shares rank equally with existing equity shares of JK Paper Limited.As a result of this allotment, JK Paper Limited’s paid-up...

Pearl Global Industries Schedules Analyst/Investor Plant Visit Pearl Global Industries Limited announced a plant visit for analysts and investors scheduled for March 27, 2026. The visit will be held at the company’s Chennai Plant starting at 10:00 am.The meeting will be conducted as a physical group meeting and discussions are expected to be based on publicly available information. No unpublished price sensitive information is anticipated to be disclosed during the interactions.A schedule of the meeting is detailed below:Date &TimeNature of MeetingMode of MeetingPlace27 th March 2026 10:00 am onwardsAnalysts/Investors group plant visitPhysical - Group meetingChennai PlantThe company noted that changes to the schedule may...

Anand Rathi Financial Services Limited Pledges Shares for Margin Limits Anand Rathi Financial Services Limited (ARFSL) pledged shares on March 19, 2026, for availing margin limits, according to a filing dated March 20, 2026. The shares were pledged to Bajaj Financial Securities Limited.ARFSL, holding 19.92% of the total share capital of Anand Rathi Wealth Limited, pledged 13,00,000 shares, representing 1.57% of the target company’s share capital. Following the pledge, the holding of encumbered shares stands at 22,70,000, which is 2.73% of the total share capital.Other entities linked to Anand Rathi also hold shares in Anand Rathi Wealth Limited. These include Pradeep Kumar Gupta, holding 4.43% of the total share capital; Priti...

G-Tech Info-Training Ltd. Reports Outcome of Independent Director Meeting Mumbai – March 20, 2026 – G-Tech Info-Training Ltd. announced the outcome of a meeting of its Independent Directors held on March 20, 2026.During the meeting, the Independent Directors reviewed the performance of non-independent directors and the board of directors as a whole. They also assessed the performance of the chairperson, considering input from executive and non-executive directors. Furthermore, the quality, quantity, and timeliness of information flow between the company’s management and the board of directors were evaluated to ensure the board’s ability to effectively perform its duties.The meeting commenced at 4:00 P.M. and concluded at 4:30 P.M...

Devyani International Limited to Invest in Restaurants Development Co., Ltd. Devyani International Limited announced on March 20, 2026, that its subsidiary, Devyani International DMCC ('DID'), will invest in Restaurants Development Co., Ltd. ('RD'), which operates a chain of 274 KFC restaurants in Thailand as of September 2023, along with its holding companies White Snow Company Limited, Blackbriar Co., Ltd., and Yellow Palm Co., Ltd.The Investment and Borrowing Committee of the Board of Directors, based on a recommendation from the Audit, Risk Management & Ethics Committee, has approved an investment of approximately THB 1,210 Mn (approximately INR 3,473 Mn) in RD, through DID and Yellow Palm Co., Ltd. This investment will partially...

Tata Motors Passenger Vehicles to Increase Prices Starting April 1, 2026 Mumbai, March 20, 2026: Tata Motors Passenger Vehicles Ltd. (TMPV), a leading manufacturer of cars and SUVs in India, announced a price increase for its passenger vehicle (ICE) portfolio, effective April 1, 2026.The price revision aims to partially offset the ongoing rise in input costs. The weighted average price increase will be 0.5% across the ICE portfolio, with variations among models and variants.For more information, visit https://cars.tatamotors.com or follow @tatamotors_cars on X.Source:

Dhruv Consultancy Services Limited Receives Letter of Award for DPR Preparation in Uttar Pradesh Dhruv Consultancy Services Limited, in partnership with Artefacts Projects Limited, has been appointed by the National Highways Authority of India (NHAI) to provide consultancy services for the preparation of a Detailed Project Report (DPR). The project involves the capacity augmentation of the Varanasi-Jaunpur-Sultanpur-Lucknow stretch in Uttar Pradesh.The award, formalized in Letter No. UDIV-21013/367/2025-UP Division/E-299922/506 dated March 19, 2026, stipulates a consideration of Rs. 3,94,88,232, excluding Goods and Services Tax (GST). The company is required to submit a performance security within 15 days of receiving the Letter of...

Shraddha Prime Projects Ltd. Announces Rights Issue of Up to ₹9,700 Lakhs Mumbai, March 20, 2026 – Shraddha Prime Projects Ltd. (formerly Towa Sokki Limited) announced that its Board of Directors approved a rights issue of up to ₹9,700 lakhs.The Board meeting commenced at 3:30 P.M. and concluded at 4:00 P.M. (IST).A Rights Issue Committee has been constituted to consider and decide on the specifics of the rights issue, including the rights issue price, entitlement ratio, and record date.The details of the rights issue are as follows:ParticularsDescription1Type of securities proposed to be issuedEquity shares2Type of IssuanceRights Issue3Total number of securities proposed to be issued or the total amount for which the...

Megamont Limited Responds to BSE Regarding Price Movement Megamont Limited, formerly known as VR Woodart Limited, has responded to a query from the BSE Surveillance Department concerning recent price movement and trading volume. The response, dated March 20, 2026, addresses a letter received from the BSE on March 19, 2026.In its clarification, Megamont Limited stated that it has consistently made all necessary disclosures as required under the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015 (SEBI LODR Regulations), encompassing price-sensitive information and other pertinent details within the prescribed timelines.The company further affirmed that there are no undisclosed...

Tyche Industries Ltd Announces Inter-se Transfer of Shares Among Promoters Tyche Industries Ltd. announced on March 20, 2026, that it received notification from promoters regarding an inter-se transfer of shares through a gift. The transfer occurred between promoters and promoter group members without consideration.The details of the share transfer are as follows:Date of AcquisitionName of the Transferor (Seller)Name of the Transferee (Acquirer)No. of Shares Proposed to be TransferredPercentage Holding (Shares %)March 18, 2026G Rama RajuG Ganesh Kumar2800.002March 18, 2026G Vijaya KumariG Ganesh Kumar16000.02TotalTotalTotal1,8800.02According to the company, the transaction qualifies for an exemption under Regulation...