Markets

Punjab Communications Ltd. Appoints New Managing Director Punjab Communications Ltd. (PCL) announced the appointment of Harsuhinder Pal Singh Brar, IAS, as Managing Director, effective March 10, 2026. The appointment replaces Parminder Pal Singh Sandhu, IAS.The decision was approved by the Board during a meeting held on March 19, 2026. Brar was nominated to the role by Punjab Infotech, the company's holding company.Key Details of Harsuhinder Pal Singh Brar, IAS:ParticularsHarsuhinder Pal Singh Brar, IASDIN No.02987207ChangeAppointmentReason for AppointmentNomination by Punjab InfotechDate of AppointmentMarch 10, 2026Brar is currently serving as Director, Higher Education, Punjab, and as Managing Director of...

Amara Raja Energy & Mobility Postpones Investor Meeting Amara Raja Energy & Mobility Limited announced the cancellation of a scheduled meeting with IIFL Capital, originally planned for March 19, 2026, at 4:00 PM IST. The meeting was to be held as an update to previously communicated plans from March 14, 2026. The cancellation was attributed to unforeseen circumstances.Vikas Sabharwal, Company Secretary & Vice President-Legal, confirmed the postponement.Source:

Ecoplast Ltd. Announces Trading Window Closure Ecoplast Ltd. has announced the closure of its trading window for designated individuals, effective April 1, 2026. This action is in accordance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulation, 2015, and the company’s Code of Conduct on Insider Trading.The trading window will remain closed until 48 hours after the Board Meeting where the audited financial results for the quarter and year ended March 31, 2026, are reviewed and approved. The company is registered office is located at National Highway No.8, Water Works Cross Road, Abrama-Valsad 396001, Gujarat. Ecoplast Ltd.’s scrip code on the BSE Limited is 526703.Source:

Bharat Heavy Electricals Limited Board Approves Joint Venture, Investment in BCGCL, and Plant Mergers Bharat Heavy Electricals Limited (BHEL) announced several key decisions following a board meeting held on March 19, 2026. The meeting commenced at 1:11 PM and concluded at 2:40 PM.BHEL has authorized a Joint Venture (JV) agreement with Titagarh Rail Systems Limited to provide comprehensive maintenance for Vande Bharat Sleeper Trains. Clearance from DIPAM is pending, after which the JV agreement will be finalized. Specific details regarding the JV will be disclosed upon signing.The company also approved an investment of ₹3064.46 crore in Bharat Coal GasificaƟon and Chemicals Limited (BCGCL), a joint venture with Coal India Limited...

Bhoruka Supply Chain Solutions Holdings Limited Acquires Shares in Transport Corporation of India Ltd. Bhoruka Supply Chain Solutions Holdings Limited disclosed the acquisition of equity shares in Transport Corporation of India Limited on March 18, 2026, according to a filing submitted to the BSE Limited and National Stock Exchange of India Limited.The acquisition resulted in a change in the holding of shares carrying voting rights. Prior to the transaction, Bhoruka Supply Chain Solutions Holdings Limited held 3,38,60,999 shares, representing 44.1221% of the total share/voting capital and 44.1221% of the total diluted share/voting capital of Transport Corporation of India Limited.The company acquired 1,035 shares through open market...

Apcotex Industries Limited Announces Inter-se Transfer of Shares Apcotex Industries Limited announced that Rita Ashok Parekh, a Promoter Group member, acquired 62,280 shares from Mrs. Rita Ashok Parekh & Mrs. Janaki Parekh, also Promoter Group members, through an inter-se transfer without consideration on March 18, 2026.This transaction was made in reliance upon an exemption provided for in Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition occurred within the timeline specified by the regulations and was filed with the stock exchanges on March 19, 2026.The transaction resulted in the following changes to shareholding details:Shareholding Details...

Asian Paints Receives Trading Plan Approval from Promoter Group Entity Asian Paints Limited announced the approval of a trading plan from Geetanjali Trading and Investments Private Limited, an entity forming part of the Promoter(s)/Promoter Group, on March 19, 2026.The trading plan, submitted on March 17, 2026, details a pledge of equity shares and a purchase of additional shares by Geetanjali. Geetanjali holds a 4.77% stake in Asian Paints as of the date of the plan and is a Core Investment Company registered with the Reserve Bank of India.The trading plan outlines the following actions:Pledge: 12,50,000 equity shares, to occur between July 20, 2026, and July 24, 2026. Purchase (Tranche I): 2,00,000 equity shares between July...

Jetmall Spices and Masala Ltd. Relocates Registered Office Jetmall Spices and Masala Limited announced the relocation of its registered office effective March 19, 2026. The new registered office is located at Ground Floor, Plot No.14, IT Park, Chandigarh-160101, India.The board of directors approved the move during a meeting held on Thursday, March 19, 2026, which began at 2:00 PM IST and concluded at 2:20 PM IST. Unni Krishnan Nair, Manager and Whole-time Key Managerial Personnel, represented the company.Source:

J.K. Cement Subsidiary Resolves Legal Metrology Matter, Pays Compounding Fee J.K. Cement Limited announced on March 19, 2026, that its subsidiary, J. K. Cement Saifco Private Limited (Saifco), has resolved a matter with the office of Deputy Controller Legal Metrology Department in the Union Territory of Jammu and Kashmir. Saifco had previously received a notice on March 9, 2026, from the Department.The Department has passed an order compounding the offense upon payment of a fee of Rs. 1,00,000. The company received information regarding this order on March 18, 2026.According to a statement from J.K. Cement, the resolution has no material financial impact on the company's operations.Details of the OrderSr...

M&B Engineering Ltd. Shareholders Approve Key Resolutions Through Postal Ballot M&B Engineering Ltd. announced today, March 19, 2026, that resolutions ratifying the M&B Engineering Limited Employee Stock Option Plan 2024 and granting employee stock options to group company employees have been duly passed through a postal ballot and e-voting process.According to the results, 4,41,62,578 shareholders, representing 97.08% of the votes cast, approved the ratification of the Employee Stock Option Plan 2024. Similarly, 4,41,62,578 shareholders, also representing 97.08%, approved the grant of employee stock options. A total of 13,27,999 shareholders cast votes against the resolutions, representing 2.92% each.The voting period, which began...

TARC Limited Launches 'Ishvara' at TARC Ishva, Expanding Development Footprint New Delhi, March 19, 2026 – TARC Limited announced the launch of TARC Ishvara, located in Sector 634, Gurugram. The launch follows RERA approval for an additional phase, marking the completion of a residential ecosystem designed for openness, proportion, and architectural discipline.The introduction of Ishvara has been enabled by the acquisition of an adjoining land parcel, expanding the total development area to over 9 acres. The development now comprises six towers with 518 residences, increasing the overall development footprint to nearly 1.7 million sq. ft. This expansion brings the development's Gross Development Value (GDV) to ₹3,600 crore. The...

M&B Engineering Ltd. Shareholders Approve Employee Stock Option Plan Ratification M&B Engineering Ltd. announced that resolutions related to the ratification of its Employee Stock Option Plan 2024 (ESOP) and the grant of employee stock options to group company employees were passed by shareholders through a postal ballot and e-voting process. The results, declared on March 19, 2026, were based on voting concluded on March 18, 2026.According to the scrutineer’s report from Kasbyap R. Mehta & Partners, 4,41,62,578 shares, representing 97.08%, voted in favor of the resolution ratifying the M&B Engineering Limited Employee Stock Option Plan 2024, while 13,27,999 shares, or 2.92%, voted against it. A similar outcome was observed for the...

Sammaan Capital Limited Completes Interest Payments on Debentures Sammaan Capital Limited announced on March 19, 2026, that it has made the full interest payment on its outstanding Secured Redeemable Non-Convertible Debentures. The company reported that all interest payments were completed as scheduled.The total interest amount paid was 537.31518 lacs. A detailed breakdown of the payments, including ISIN, issue size, interest amounts, and payment dates, is presented below.Interest Payment DetailsSr. No.ISINIssue Size (in INR lacs)Interest Amount to be paid on due date (in INR lacs)Frequency - quarterly/ monthly/ yearlyChange in frequency of payment (if any)Details of such changeInterest payment record dateDue date for interest...

CLC Industries Limited Announces Promoter Share Sale via OFS CLC Industries Limited announced that Manjeet Cotton Private Limited, a promoter of the company, has sold 5,19,720 equity shares through an Offer for Sale (OFS) conducted on March 17 and 18, 2026. The total number of shares offered was 5,19,720 out of a total of 1,03,94,680 equity shares.According to disclosures filed with the National Stock Exchange of India Limited and the BSE Limited, Manjeet Cotton Private Limited held 95% of the company’s shares before the sale. Following the transaction, the promoter’s holding has decreased to 90% of the company’s equity.Details of the transaction are as follows:Sr. No.Name of the TargetNumber of Sale of Equity SharesDate of...

Prime Fresh Ltd. Promoter Pledges Shares as Collateral Prime Fresh Ltd. announced on March 19, 2026, that promoter Hardik Chandrakant Ghelani has pledged shares as collateral. The pledge involves 625,800 equity shares, representing 4.55% of the company’s total share capital.The encumbrance was created on March 18, 2026, and serves as collateral for a loan from Bank of Baroda. Following the pledge, Hardik Chandrakant Ghelani’s holdings remain at 625,800 shares, which represents 4.55% of the total share capital.The disclosure was made in accordance with Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and reported to the BSE Limited.Source:

ITC Ltd. Appoints Navin Agarwal as Non-Executive Director ITC Ltd. announced that an Ordinary Resolution for the appointment of Mr. Navin Agarwal (DIN: 10684167) as a Non-Executive Director has been passed by its Members by requisite majority. The appointment is effective from April 1, 2026, for a period of three years.The resolution was approved through a postal ballot by electronic means, following notices dated January 29, 2026, and February 12, 2026.Voting Results SummaryThe following table summarizes the voting results:Resolution Required:Ordinary ResolutionOrdinary ResolutionOrdinary ResolutionOrdinary ResolutionWhether promoter / promoter group are interested in the agenda / resolution?Not ApplicableNot ApplicableNot...

Diamond Power Infrastructure Ltd. Approves Key Resolutions via Postal Ballot Diamond Power Infrastructure Limited announced the approval of several resolutions through a postal ballot conducted between February 17, 2026, and March 18, 2026. The results, based on remote e-voting, were declared on March 19, 2026.Shareholders approved Material Related Party Transactions with GSEC Limited and Monarch Infraparks Private Limited, both promoter companies. Additionally, a resolution was passed to approve a power of borrowing of up to ₹4,000 crore under section 180(1)(c) of the Companies Act, 2013. Finally, shareholders authorized the creation or modification of charges, mortgages, and hypothecations on the company’s immovable and movable...

ZF Steering Gear India Ltd. Receives Permission for Leasehold Rights Assignment ZF Steering Gear India Ltd. announced on March 19, 2026, that Maharashtra Industrial Development Corporation (MIDC) has granted permission for the assignment of leasehold rights between its wholly-owned subsidiaries. This update follows previous announcements on January 1, 2026, and July 26, 2025, regarding the proposed assignment.The assignment involves Plot No. E-3/2, MIDC Supa Parner Industrial Park, Ahilyanagar, Maharashtra, along with the factory building situated there. NexSteer Systems Private Limited currently holds these leasehold rights and will transfer them to DriveSys Systems Private Limited. Both NexSteer and DriveSys are wholly-owned...

Welspun Living Limited Approves Stake Acquisition in Welspun Corporate Services Limited, Announces Management Changes and Capital Expenditure Increase Welspun Living Limited (formerly Welspun India Limited) announced several key developments following a board meeting held on March 19, 2026. The company approved the acquisition of a 35% stake in Welspun Corporate Services Limited (WCSL, formerly Welspun Home Textiles Limited) for Rs. 35,000. Other Welspun Group entities will acquire the remaining 65% stake. WCSL will function as a centralized corporate services platform providing services including human resources, legal, regulatory compliance, taxation, corporate restructuring, and strategic advisory. The acquisition will position WCSL...

Solitaire Machine Tools Promoter Disposes of Shares in Off-Market Deal Solitaire Machine Tools Ltd. announced that Mr. Ashok Jivarajbhai Sheth, a promoter of the company, disposed of 15,000 equity shares, representing 0.33% of the company's outstanding shares, on March 17, 2026.The shares were transferred to Mrs. Swati Hemendra Badani, another promoter of Solitaire Machine Tools Ltd., through an off-market transaction. The transaction was disclosed in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015.Source: