Markets

DCM Shriram Receives ITAT Order in Tax Litigation Case DCM Shriram Limited announced on March 19, 2026, that it received an order from the Income-tax Appellate Tribunal (ITAT) in New Delhi regarding assessment year 2021-22. The ITAT adjudicated on proceedings under Section 143(3) read with Section 144C(13).The tax effect involved in the order was 12.20 rupees, with a relief granted of 9.79 rupees, resulting in matters referred back to the Assessing Officer amounting to 2.41 rupees.The company noted that the outcome has no material impact on its profit and loss. The update follows earlier communications dated October 26, 2024, and August 12, 2025, pertaining to the same tax litigation.Regarding a separate matter involving...

Globus Spirits Schedules Investor Meetings Globus Spirits Limited announced it will be meeting with investors and analysts on March 25, 2026. The meeting with Emkay Global is scheduled for 4:00 PM to 5:00 PM and will be conducted virtually on a one-to-one basis.The company will utilize its Q3FY26 Investor Presentation, which was released in January 2026 and is accessible on the company’s website and the stock exchanges’ websites.Globus Spirits noted that the meeting schedule is subject to change due to unforeseen circumstances.Source:

Rajeswari Infrastructure Ltd. Receives NCLT Approval for Resolution Plan Chennai, March 19, 2026 – Rajeswari Infrastructure Limited announced that the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, approved the Resolution Plan submitted in the matter of Intec Capital Limited vs. Rajeswari Infrastructure Limited. The order was issued on January 13, 2026.The approval disposes of related applications and approves the resolution plan submitted by the Successful Resolution Applicant (SRA).Financial Details of the Resolution PlanThe approved resolution plan outlines a capital structure change, with fresh issuance of 10,10,116 shares and the extinguishment of existing shares. The plan involves a total consideration of...

Highway Infrastructure Limited Receives Work Order Valued at ₹14.60 Crore Highway Infrastructure Limited announced it has received a work order from Sacham Highway Real Estates Private Limited for construction and development work at the Beverly Greens residential colony project. The total value of the work order is approximately ₹14.60 crore, subject to variation based on site conditions, plus applicable Goods and Services Tax (GST). The project is located at Village Tillore Khurd, Teshil-Bicholi-Hapsi, Indore.The work is expected to be completed within two years.According to the company, promoters and promoter group companies have an interest in Sacham Highway Real Estates Private Limited, and the transaction is being conducted at...

AksharChem India Resumes Production at H-Acid Plant AksharChem India Ltd. announced the resumption of production at its H-Acid plant, effective March 19, 2026. The plant, located in Village Indrad, Chhatral-Kadi Road, Mahesana, had been temporarily shut down for planned repair and maintenance.According to a company statement, the brief shutdown will not have a material impact on AksharChem India’s financial performance. The resumption follows an earlier communication dated February 16, 2026.Source:

MSP Steel & Power Ltd. Receives Upgraded Credit Ratings from CareEdge Ratings MSP Steel & Power Ltd. announced it has received upgraded credit ratings from CareEdge Ratings on March 19, 2026. The ratings reflect the company's improved financial strength, consistent operational performance, and positive outlook for future growth.CareEdge Ratings upgraded the company’s Long Term Bank Facilities rating to CARE BBB+; Stable from CARE BBB; Stable, and the Short Term Bank Facilities rating to CARE A2 from CARE A3+.The details of the revised ratings are as follows:Name of the Rating AgencyType of InstrumentAmount (Rs. crores)Rating Assigned*Rating ActionCare Edge RatingsLong Term Bank Facilities246.87 (Reduced from 254.59)CARE BBB+...

Suraj Industries Ltd. Acquires Stake in Shri Gang Industries Suraj Industries Ltd. announced the acquisition of equity shares in Shri Gang Industries and Allied Products Limited on March 19, 2026. The company will acquire 105,000 shares from Mr. Vikas Gupta and 35,000 shares from Mr. Ritesh Gupta, both members of the promoter group.The acquisitions will increase Suraj Industries' holding in Shri Gang to 20.02% from the current 19.31%. The total consideration will be determined as the average of the opening and closing market price of Shri Gang's equity shares on the BSE Limited on the working day immediately preceding the transaction date. The acquisition is estimated to be completed within 30 days.Shri Gang Industries and Allied...

NTPC Limited and Octopus Energy Group, UK Sign MoU for Power and Energy Sector Cooperation New Delhi, March 19, 2026—NTPC Limited, India's largest integrated power utility, has signed a Memorandum of Understanding (MoU) with Octopus Energy Group, a leader in clean energy and digital energy platforms. The agreement explores strategic collaboration across the power and energy sector.The MoU was signed on the sidelines of the Bharat Electricity Summit 2026, in the presence of Sh. Pankaj Agarwal, Secretary (Ministry of Power, GoI), Sh. Piyush Singh, Additional Secretary (Ministry of Power, GoI), Sh. Gurdeep Singh, CMD, NTPC Limited, and Ms. Renu Narang, CEO, NVVN. Dr. Jatinder Singh Chandok, Head International Business Development, NTPC...

Cipla Limited Appoints Vice-Chairman, Approves Investment and Amalgamation Cipla Limited announced several key developments following a board meeting held on March 19, 2026. Mr. P R Ramesh, Lead Independent Director, has been designated as Vice-Chairman, effective April 1, 2026. Robert Stewart, an Independent Director, will not seek re-appointment upon the completion of his term on May 13, 2026.The company approved an investment of USD 100 million in the equity share capital of Cipla (EU) Limited, a wholly-owned subsidiary, to provide financial assistance to InvaGen Pharmaceuticals Inc., another wholly-owned subsidiary of Cipla (EU) Limited. This investment will support capital expenditure, working capital requirements, and general...

Cipla Ltd. Appoints Vice-Chairman and Approves Subsidiary Investments, Amalgamation Cipla Ltd. announced several key developments following a board meeting held on March 19, 2026. Mr. P R Ramesh, Lead Independent Director, has been designated as Vice-Chairman of the Company, effective April 1, 2026.Additionally, Mr. Robert Stewart, an Independent Director, has expressed his intention not to seek reappointment upon completion of his current term on May 13, 2026.The board approved an investment of up to USD 100 million in the equity share capital of Cipla (EU) Limited, a wholly-owned subsidiary, to provide financial assistance to InvaGen Pharmaceuticals Inc., another wholly-owned subsidiary of Cipla (EU) Limited. These funds will be...

ISGEC Heavy Engineering Ltd. Receives ESG Rating from CFC Finlease Private Limited ISGEC Heavy Engineering Ltd. has been assigned an Environmental, Social, and Governance (ESG) rating of 54 by CFC Finlease Private Limited, according to a notification released on March 19, 2026. The rating was based on publicly available information and disclosed to the Bombay Stock Exchange (BSE) and National Stock Exchange (India) on March 5, 2026.CFC Finlease Private Limited, a SEBI-licensed ESG Rating Provider, conducted the independent evaluation. The company clarified it did not engage CFC Finlease Private Limited for the purpose of the rating. The rating reflects ISGEC Heavy Engineering’s commitment to sustainable and responsible practices.Source:

Lehar Footwears Ltd. Announces Changes in Promoter Group Shareholder Details Lehar Footwears Limited has reported changes affecting two members of its Promoter Group, Ramesh Chand Agarwal (HUF) and Mohan Lal Agarwal (HUF). The announcements relate to alterations in depository participant (DP) identification and changes in the Karta of the respective Hindu Undivided Families (HUFs).Ramesh Chand Agarwal (HUF), holding 140,000 equity shares, representing 0.79% of the total paid-up share capital, has seen its DP ID change from IN302700 to IN301485. This modification stems from the merger of the Jaipur branch of KIFS Trade Capital Private Limited (DP) with its Ahmedabad branch.Additionally, the company confirmed the passing of Mr. Ramesh...

H.G. Infra Engineering Ltd. to Dissolve Six Step-Down Subsidiaries H.G. Infra Engineering Limited announced on March 19, 2026, that its six step-down wholly owned subsidiaries have obtained shareholder consent for voluntary dissolution and will apply for strike-off with the Registrar of Companies, Jaipur.The subsidiaries, which were incorporated between June 2024 and July 2024, are: H.G. Bharatpur Solar Project Private Limited, H.G. Dudu Solar Project Private Limited, H.G. Ajmer Solar Project Private Limited, H.G. Jaipur Solar Project Private Limited, H.G. Jalore Solar Project Private Limited, and H.G. Sanchore Solar Project Private Limited.According to the company, these subsidiaries have not commenced operations since their...

Sical Logistics Limited Repays ₹70 Crore of Term Loan Sical Logistics Limited announced a partial repayment of a rupee term loan facility totaling ₹170,00,00,000 (Indian rupees seventy crore only). The repayment was made against an existing facility from Aditya Birla Capital Limited and other lenders.This prepayment is part of the company’s strategy to optimize its capital structure and reduce overall outstanding debt. The move is expected to lower finance costs and improve key leverage metrics. Sical Logistics Limited highlighted its commitment to strengthening its balance sheet and maintaining prudent financial management.Source:

NTPC Limited and Octopus Energy Group, UK Sign MoU for Power and Energy Sector Collaboration New Delhi, March 19, 2026: NTPC Limited, India's largest integrated power utility, has signed a Memorandum of Understanding (MoU) with Octopus Energy Group, a leader in clean energy and digital energy platforms, to explore strategic collaboration across the power and energy sector. The signing occurred on the sidelines of the Bharat Electricity Summit 2026, held from March 19-22, 2026. The event was held under the aegis of the Ministry of Power, Government of India.The MoU was signed by Dr. Jatinder Singh Chandok, Head of International Business Development, NTPC, and Mr. Chris Fitzgerald, Group Director, International Affairs, Octopus Energy...

Compuage Infocom Ltd. Schedules Committee of Creditors Meeting Compuage Infocom Ltd. announced the scheduling of its 24th Committee of Creditors meeting for Wednesday, March 25, 2026, at 3:00 P.M. The meeting is being held in connection with the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016.Gajesh Labhchand Jain, Resolution Professional in the matter of Compuage Infocom Limited, appointed under an order dated April 29, 2024, received on May 9, 2024, is managing the company's affairs and assets.Compuage Infocom Limited is currently undergoing the Corporate Insolvency Resolution Process as mandated by the Insolvency and Bankruptcy Code 2016.Source:

The Anup Engineering Ltd. Schedules Investor Meetings The Anup Engineering Ltd. announced that its management will participate in an investor meeting with GL Capital on March 24, 2026. The meeting will be conducted virtually and is categorized as a one-on-one session.The company confirmed that no unpublished price-sensitive information will be shared during the interaction. The schedule is subject to change due to unforeseen circumstances impacting either the investor or the company.Sr NoDateName of InvestorType of MeetingsMode124 th March, 2026GL CapitalOne-on-OneVirtualThe company secretary, Lay Desai, Membership No.: A57117, made the disclosure.Source:

JCT Ltd. Announces Committee of Creditors Meeting JCT Ltd. will hold the Thirteenth meeting of its Committee of Creditors (CoC) on Friday, March 20, 2026, at 4:00 pm via video conferencing. The meeting is being held within the context of the company’s corporate insolvency resolution process (CIRP). Umesh Garg, Resolution Professional with IBBI Reg. No. IBBI/IPA-001/IP-P00135/2017-2018/10277, is overseeing the proceedings for JCT Limited.Source:

Steel Authority of India Appoints T.N. Natarajan as Director (Commercial) Steel Authority of India Ltd (SAIL) announced the appointment of Shri T.N. Natarajan as Director (Commercial), effective March 19, 2026. The appointment follows a nomination by the Government of India's Ministry of Steel and approval from the SAIL Board of Directors.Shri Natarajan, currently a Chief General Manager at SAIL, brings over 32 years of diversified experience to the role, spanning production, logistics, and sales. He has previously held leadership positions in warehouse management, marketing, and customer engagement.According to company information, Shri Natarajan has been instrumental in shifting SAIL’s marketing approach toward solution-oriented...

Salem Erode Investments Ltd. Seeks Fresh Board Approval for Rights Issue Salem Erode Investments Ltd. announced on March 19, 2026, that a Board meeting is scheduled for March 24, 2026, to consider superseding a previous rights issue approval and re-approving a fund raising initiative. The company initially approved a rights issue on April 4, 2025, aiming to raise up to Rs. 5,000 Lakhs.The fresh approval seeks to pursue the rights issue under the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025, which simplify the process. The re-approved rights issue will now target a fund raising of Rs. 2293.11 Lakhs.The company clarified that this fresh approval does not involve a new or additional offer of equity...