Markets

State Bank of India Receives Income Tax Demand of ₹63,375.25 Crore State Bank of India (SBI) announced today, March 20, 2026, that it has received an order from the Income Tax department demanding ₹63,375.25 crore, including interest, following scrutiny assessment proceedings for the Assessment Year 2023-24.The demand, issued by the Assessment Unit, stems from disallowances made on various grounds outlined in the order dated March 19, 2026, under Section 143(3) read with section 144C(3) and 144B of the Income Tax Act. SBI has previously engaged in litigation regarding similar grounds in prior years.According to the bank, this matter exceeds the materiality threshold and the bank intends to contest the order through the appropriate...

Piramal Finance Ltd. to Seek Board Approval for Fund Raising via NCDs Piramal Finance Ltd. announced on March 20, 2026, that its Board of Directors will convene a meeting on Friday, March 27, 2026. The meeting's agenda includes consideration and approval for fund raising through the issuance of Non-Convertible Debentures on a private placement basis. The company's BSE Scrip Code is 544597 and NSE Symbol is PIRAMALFIN.Source:

SAB Events & Governance Now Media Ltd. Announces Trading Window Closure SAB Events & Governance Now Media Limited has announced the closure of its trading window for all insiders, designated persons, and connected persons. The closure, as per the company's code of conduct for insider trading aligned with the Securities and Exchange Board of India (SEBI) regulations, will be effective from April 1, 2026.The trading window will remain closed until 48 hours after the declaration of the company's audited financial results for the quarter and year ended March 31, 2026. The date of the board meeting to consider and approve these financial results will be communicated separately.Source:

B. P. Capital Ltd. Appoints New Director and Schedules Extraordinary General Meeting B. P. Capital Limited announced on March 20, 2026, that its Board of Directors approved the appointment of Mr. Faizal Bavaraparambil Abdul Khader (DIN: 07729191) as a Non-Executive Director. The appointment was based on the recommendation of the Nomination and Remuneration Committee, and Mr. Khader is not related to any existing directors.The Board also scheduled an Extraordinary General Meeting (EGM) for shareholders on April 20, 2026, at 10:00 A.M. at the company's registered office in Sohna, Haryana. E-voting will be conducted from April 17, 2026, to April 19, 2026. Central Depository Services Limited (CDSL) has been appointed as the depository to...

Yes Bank Allots Equity Shares Following Stock Option Exercise Yes Bank Limited announced on March 20, 2026, that its Nomination & Remuneration Committee approved the allotment of 126,250 equity shares, each with a face value of Rs. 2. The allotment followed the exercise of 126,250 stock options under the YBL PESOP 2020 Plan and YBL RSU Plan 2024. The bank received Rs. 10,17,437.50 from the exercise of these options.The allotment has increased the bank's paid-up share capital from Rs. 62,759,261,614, comprising 31,379,630,807 equity shares, to Rs. 62,759,514,114, now consisting of 31,379,757,057 equity shares.Additional details regarding this allotment are available on the bank’s website, www.yes.bank.in.Source:

Paisalo Digital Limited Obtains Credit Ratings from Brickwork Ratings Paisalo Digital Limited has received a BWR A1+ rating for its proposed Commercial Paper of ₹540 crore and reaffirmed the BWR AA/Stable rating for its proposed NCD issue of ₹1500 crore from Brickwork Ratings India Private Limited.The company’s rated facilities now include a Commercial Paper of ₹540 crore and a NCD issue of ₹1500 crore. Instruments with the BWR A1+ rating are considered to have a high degree of safety regarding the timely servicing of financial obligations.Paisalo Digital Limited’s total rated facilities now stand at ₹2040 crore, comprising a NCD issue of ₹1500 crore and a Commercial Paper of ₹540 crore.InstrumentAmount (₹ Crores) -...

Eris Lifesciences Ltd Announces Strategic Partnership with Natco Pharma Ltd for Semaglutide Launch in India Ahmedabad, India - February 24, 2026 - Eris Lifesciences Limited (BSE: 540596; NSE: ERIS), a leading Indian branded formulations company, announced a strategic partnership with Natco Pharma Limited for the commercialization of Semaglutide in India. This collaboration reinforces Eris's commitment to expanding its leadership in the diabetes and metabolic care segment.Semaglutide, a GLP-1 receptor agonist, has gained global recognition as a transformative therapy for Type 2 diabetes and chronic weight management, demonstrating robust clinical outcomes in glycemic control and weight reduction. With India's rapidly growing diabetic...

Gem Aromatics Limited Discloses Acquisition of Shares Gem Aromatics Limited announced on March 20, 2026, that it received a disclosure regarding a share acquisition from Mrs. Kaksha Vipul Parekh, a designated person and part of the promoter group.According to the disclosure, Mrs. Parekh acquired 60,000 shares, representing 0.11% of the company’s equity. This acquisition increased Mrs. Parekh’s total holding in Gem Aromatics Limited, along with persons acting in concert, to 49,03,219 shares, or 9.38% of the company’s total share/voting capital and 9.38% of the diluted share/voting capital.Prior to the acquisition, Mrs. Parekh and persons acting in concert held 48,43,219 shares, representing 9.27% of the company’s total share/voting...

Intense Technologies Ltd. Appoints New Directors to Board Intense Technologies Ltd. announced the appointment of two additional directors to its Board of Directors during a meeting held on March 20, 2026. Rajesh Kumar Agarwal was appointed as an Additional Director (Non-Executive & Non-Independent), while Prithvi Tapadiya was appointed as an Additional Director (Non-Executive & Independent).Rajesh Kumar Agarwal’s appointment is effective from March 20, 2026, and is subject to shareholder approval. He is a senior management consultant and investment analyst with over four decades of professional experience, specializing in manufacturing management, global acquisitions, and financial leadership roles.Prithvi Tapadiya’s appointment is...

Unichem Laboratories Announces Change in Board Composition MUMBAI, March 20, 2026—Unichem Laboratories Ltd. announced a change in its Board of Directors today, March 20, 2026. Mrs. Priti Puri’s term as an Independent Director concluded following a three-year tenure. The company expressed appreciation for her contributions during her time on the board.As a result of this change, the revised composition of the Board of Directors, effective March 21, 2026, is as follows:NameDesignationDr. Prakash ModyNon-Executive & Non-Independent Director - ChairpersonMr. Pranay GodhaNon-Executive & Non-Independent DirectorMr. Pabitrakumar BhattacharyyaManaging DirectorDr. (Ms.) Swati PatankarNon-Executive Independent DirectorMr...

Glottis Limited Completes Incorporation of U.S. Subsidiary, Glottis Inc. Glottis Limited announced the incorporation of a wholly-owned subsidiary, Glottis Inc., in Texas, USA, on March 20, 2026. The subsidiary was incorporated on March 18, 2026, and is engaged in the business of freight forwarding.The incorporation was approved via mail on March 20, 2026. Glottis Inc. was established with a capital of 1,500 shares at a face value of USD $1 per share, with 100% of the share capital subscribed to in cash. The company intends to make further investments in tranches based on business requirements.The subsidiary is considered a related party transaction due to Glottis Limited’s ownership. The primary objective of Glottis Inc. is to...

Gem Aromatics Limited Discloses Insider Trading Information Gem Aromatics Limited announced on March 20, 2026, that Kaksha Vipul Parekh, a Promoter and Designated Person, acquired equity shares in the company. The disclosure adheres to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.According to the filing, Kaksha Vipul Parekh, DIN: 00235998, purchased 60,000 equity shares through a market transaction on March 20, 2026. Prior to the acquisition, Mr. Parekh held 484,3219 equity shares, representing 927% of the total shares. Following the purchase, his holdings increased to 490,3219 equity shares, representing 938% of the total shareholding.The table below summarizes the details of the share acquisition...

Glottis Ltd. Completes Incorporation of U.S. Subsidiary, Glottis Inc. Glottis Ltd. announced the incorporation of a wholly owned subsidiary, Glottis Inc., in Texas, USA, on March 20, 2026. The subsidiary was incorporated with a capital of 1,500 shares at a face value of USD $1 per share.According to a filing, Glottis Inc. will operate in the freight forwarding industry. The company intends to expand its business through the new subsidiary and strengthen its footprint in the freight forwarding segment. The investment will be made in one or more tranches based on business requirements.Subsidiary DetailsThe following table summarizes key details regarding the newly incorporated subsidiary:ParticularsDetailsName of EntityGlottis...

PVR INOX Opens 4-Screen Multiplex in Agra, Uttar Pradesh PVR INOX Limited opened a 4-screen multiplex at Anjana Central, Agra, Uttar Pradesh, on March 20, 2026, operating under the Franchise Owned Company Operated (FOCO) model. The cinema features RGB Laser projection, Dolby 7.1 sound system with HARMAN (JBL) speakers, and a next-generation 3D system across four auditoriums, with a total of 503 seats, including 89 recliners.The launch supports the region’s economic profile and contributes to the state’s $1 Trillion economic vision, reinforcing Agra's role as a key driver of a modern retail and entertainment landscape.The multiplex's interiors feature a café-inspired palette of beige and deep greens, along with a fluid spatial layout...

RailTel Corporation of India Secures Major Order from Prasar Bharti RailTel Corporation of India Ltd. announced it has received a Letter of Intent (LoI) from Prasar Bharti (Broadcasting Corporation of India) Director General, Doordashan. The order, valued at Rs. 1,59,80,86,415 (including tax), is for the System Integration and Services (SITC/Services) of a Cloud Based Integrated News Room for Doordarshan News, DD India, and Regional News Units of Doordarshan.The contract, awarded on March 19, 2026, is expected to be executed by March 18, 2029.According to the LoI, no promoters, promoter groups, or group companies have any interest in Prasar Bharti. The order does not constitute a related party transaction.DetailInformation...

B. P. Capital Ltd. Appoints New Director and Announces Extraordinary General Meeting B. P. Capital Ltd. announced on March 20, 2026, that its Board of Directors approved the appointment of Mr. Faizal Bavaraparambil Abdul Khader (DIN: 07729191) as a Non-Executive Director. The decision was based on a recommendation from the Nomination and Remuneration Committee, and Mr. Khader is not related to any existing directors.The Board also scheduled an Extraordinary General Meeting (EGM) for Monday, April 20, 2026, at 10:00 A.M. at the company’s registered office in Sohna, Haryana. Shareholders will vote on the appointment of Mr. Khader.Central Depository Services Limited (CDSL) has been appointed as the depository to handle the e-voting...

Neelkanth Ltd. Appoints Additional Director, Announces Resignation of Existing Board Member March 20, 2026 – Neelkanth Ltd. announced changes to its Board of Directors following a meeting held on Friday, March 20, 2026.Mr. Devidas Jayram Shejul (DIN: 10868647) has been appointed as an additional director designated as an Independent Director, effective March 20, 2026. His initial term is for five years, subject to shareholder approval. Mr. Shejul is a qualified lawyer and a member of Bar Council of Maharashtra & Goa. He confirmed he meets the criteria of ‘Independence’ under the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015.Meanwhile, Mr. Yogesh Jaintilal Thakkar resigned from his position as an Independent Director...

Ganges Securities Limited Pays Fine for Delayed Compliance Officer Appointment Ganges Securities Limited announced that it has paid a fine of Rs. 100,000 plus Goods and Services Tax (GST) following a directive from the Bombay Stock Exchange (BSE). The directive, communicated to the company on March 19, 2026, relates to the delayed appointment of a Compliance Officer.The fine follows previous correspondence on May 29, 2024, and August 22, 2024. Ganges Securities Limited stated that the payment of the fine will not materially impact its financial, operational, or other activities.Vijaya Agarwala, Company Secretary, confirmed the payment. Source:

RailTel Secures Manpower Outsourcing Order from East Coast Railway RailTel Corporation of India Ltd. announced it has received a Letter of Acceptance (LoA) from East Coast Railway for outsourcing manpower to strengthen S&T maintenance activities in the Khurda Road Division. The contract spans a period of two years.The order, received on March 19, 2026, at 17:14, carries an estimated size of Rs. 24,53,62,894 (including tax). The project is scheduled for execution by March 18, 2028.Below is a summary of the order details:DetailInformationEntity Awarding OrderEast Coast RailwayContract Duration2 yearsExecution DeadlineMarch 18, 2028Order Value (INR)Rs. 24,53,62,894 (Including Tax)Order TypeLetter of Acceptance...

Sanginita Chemicals Limited to Acquire Agastya Green Energy Limited Sanginita Chemicals Limited announced on March 20, 2026, that its Board of Directors approved the issuance of equity shares to acquire Agastya Green Energy Limited (formerly BN Energy Limited). The acquisition will result in Agastya Green Energy Limited becoming a wholly-owned subsidiary of Sanginita Chemicals Limited.The Board approved the issuance of up to 1,52,87,356 equity shares with a face value of Rs. 10 each at an issue price of Rs. 13.05 per share, totaling Rs. 19,94,99,995.80, to be issued for consideration other than cash through a share swap arrangement. In exchange, Sanginita Chemicals Limited will acquire 95,00,000 shares of Agastya Green Energy Limited...