Markets

Confidence Futuristic Energetech Limited Responds to Trading Volume Increase Confidence Futuristic Energetech Limited addressed the Bombay Stock Exchange regarding a recent increase in trading volume for its securities. The company confirmed it has been disclosing material information to the Stock Exchanges in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Confidence Futuristic Energetech Limited stated that there is no pending information, announcement, or event that could impact the price or volume of its securities. The company attributes the increased trading volume to market-driven activity and reports no specific reason for the change.Confidence Futuristic Energetech Limited’s...

Bharat Coking Coal Limited Revises Modulated Price for Coking Coal and Washed Coal Products Bharat Coking Coal Limited (BCCL) announced a revision to the modulated price for its coking coal and washed coal products, effective April 1, 2026. The decision, approved by the Committee of Functional Directors (CFDs) in a meeting held on March 31, 2026, affects NRS Linkage auction tranche VI and subsequent auctions, as well as single-window mode agnostic e-auctions.The price adjustment reflects a 0.24% increase based on the Wholesale Price Index (WPI) indexation, compared to the previous year. The revision aligns with Coal India Limited (CIL) guidelines.BCCL, a Miniratna Company and subsidiary of Coal India Limited, is a Government of...

Global Surfaces Limited Receives Income Tax Assessment Order and Notice of Demand Global Surfaces Limited announced it received an assessment order under Section 143(3) of the Income-tax Act, 1961, along with a notice of demand under Section 156 of the Income-tax Act, 1961, for the Assessment Year 2023-24. The communication was received on March 31, 2026, from the Office of the Assistant Commissioner of Income Tax, Central Circle 2(2), Kolkata.The assessment order includes additions and disallowances, resulting in a demand of ₹37,48,89,740.According to a summary of the communication, the company believes it has adequate legal and factual grounds to address the matter and does not anticipate a material adverse impact on its...

Bharat Electronics Limited Secures Orders Worth Rs. 6795 Crore Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, announced it has secured additional orders worth Rs. 6795 Crore since March 30, 2026.The orders include mountain radars from the Ministry of Defence (MoD), avionics packages for the Light Combat Aircraft (LCA) from Hindustan Aeronautics Limited (HAL), a major export order for communication equipment, electronic fuzes, strategic components, upgrades, spares, and services.Source:

Goodricke Group Terminates Proposed Sale of Barnesbeg Tea Estate Goodricke Group Ltd. announced the cancellation of a non-binding Memorandum of Understanding (MoU) regarding the proposed sale of Barnesbeg Tea Estate. The MoU was initially executed with Mr. Akshay Shankar Das on February 20, 2026, contingent upon the completion of due diligence by March 31, 2026.The parties were unable to reach an agreement on certain matters during the due diligence process, leading to the mutual termination of the MoU. Consequently, a definitive agreement will not be executed, and the transaction will not proceed.According to Goodricke Group, the cancellation of the MoU will not have a material financial impact on the company. Goodricke Group Ltd...

Dev Information Technology Limited Approves Sale of Products and Business Dev Information Technology Limited announced that its Board of Directors approved the sale/transfer of the company's products along with its business as a going concern on a slump exchange to Byte Technosys Private Limited, an associate company, effective March 31, 2026. The consideration for the transaction is Rs. 11.90 Crores.The decision, based on a recommendation from the Audit Committee, was made in accordance with Section 188 of the Companies Act, 2013. The consideration was determined based on an independent valuation conducted by a registered valuer.Byte Technosys Private Limited specializes in IT infrastructure management services, software...

ACME Solar Holdings Ltd. Commissions Third Phase of Rajasthan BESS Project ACME Solar Holdings Ltd. announced the commissioning of the third phase of a Battery Energy Storage System (BESS) project located in Badi Sid, Rajasthan. The project, undertaken by the company’s wholly-owned subsidiary, ACME Sun Power Private Limited, adds 33.333 MW/160.51 MWh of capacity.The commercial operation date for the newly commissioned phase is April 2, 2026. This brings the total commissioned capacity of the project to 100.003 MW/481.500 MWh, out of a total planned capacity of 300 MW/1409.34 MWh.The update follows previous announcements on March 6, 2026, and March 12, 2026, regarding the project's progress.Source:

Blue Dart Express Limited Receives Income Tax Demand Notice Blue Dart Express Limited announced it received a notice of demand under Section 156 of the Income Tax Act, 1961, on March 30, 2026. The notice pertains to Assessment Year 2018-19 and includes a demand of Rs. 70,58,98,292.The demand primarily arises from a disallowance of Corporate Social Responsibility (CSR) deductions claimed under Section 80G of the Income-tax Act, 1961. The tax officer disallowed a deduction of Rs. 1,68,43,609. Additionally, the notice includes amounts related to short grants of advance tax/self-assessment tax, levy of interest under Sections 234B and 234C of the IT Act, and refunds previously issued.Blue Dart Express Limited is currently evaluating the...

Athena Global Technologies Acquires Medleymed Healthcare Solutions, Disinvests Subsequently Athena Global Technologies Limited announced on March 31, 2026, the acquisition of 100% equity shareholding of Medleymed Healthcare Solutions Private Limited. As a result of the acquisition, Medleymed Healthcare Solutions Private Limited became a wholly-owned subsidiary (WOS) of Athena Global Technologies Limited. Subsequently, the company also announced its disinvestment in Medley Medical Solutions Private Limited, also a subsidiary.The acquisition, valued at Rs. 10,000, is considered a related party transaction as Medleymed Healthcare Solutions Private Limited is a step-down subsidiary of Athena Global Technologies Limited. The transaction...

Ramky Infrastructure Limited Announces Sale of Subsidiary Visakha Pharmacity Limited Hyderabad, March 31, 2026 – Ramky Infrastructure Limited (RIL) announced that it has entered into a Share Purchase Agreement for the sale of shares held in its subsidiary, Visakha Pharmacity Limited (VPCL), on March 30, 2026. The decision follows approval by the company’s Board of Directors on March 28, 2026. Consideration for the transfer of shares has been received. Share transfers will be completed within 10 days from the execution of the agreement.The sale is to Brij Construction Company Private Limited (BGCCPL). Gopal Limited, a promoter, is a buyer in the transaction. The transaction does not constitute a related party transaction.RIL is...

TVS Supply Chain Solutions Receives Order Regarding Tax Liability TVS Supply Chain Solutions Limited has received an order from the Assistant Commissioner of State Tax, Madhya Pradesh, pertaining to the financial year 2019-20. The order alleges short payment of outward liability.The order, received on March 30th, 2026, assesses a tax demand of Rs. 57,88,108.According to the company, this tax demand is not expected to have a material impact on the financials, operations, or other activities. TVS Supply Chain Solutions intends to file a response and appeal the order before the relevant authorities within the stipulated timeframe.Source:

Infosys Limited Secures ₹1,745 Crore Refund Following Tax Order Assessments Infosys Limited announced it has received assessment orders from the Income-tax Department, Government of India, pertaining to Assessment Years 2013-14, 2017-18, 2018-19, 2019-20, 2020-21 and 2021-22. The orders were received on March 26, 2026, March 27, 2026 and March 31, 2026.The company anticipates a cumulative refund of ₹1,745 crore, including interest, as a result of these assessments.Infosys is currently evaluating the impact of the orders on its financial statements for the quarter and year ended March 31, 2026.Source:

Rolex Rings Ltd. Receives Approval and Settlement of Right of Recompense Amount Rolex Rings Ltd. announced on March 31, 2026, that Union Bank of India, acting as the lead bank for a consortium, and other member banks have approved and released a sanction for the final settlement of the Right of Recompense (RoR) amount, totaling Rs. 101 Crores.According to the company, this settlement fulfills Rolex Rings’ obligations regarding the RoR to the consortium lenders. Union Bank of India, representing the consortium lenders, recovered and debited Rs. 101 Crores from the company's account by the close of business on March 31, 2026.Source:

Artson Ltd. Converts Payables into Long-Term Loan with Tata Projects Limited Artson Ltd. announced on March 31, 2026, an agreement with Tata Projects Limited (TPL), its holding company, to convert outstanding payables into a long-term loan. The total amount of the loan is Rs. 9,58,68,023, equivalent to Rupees Nine Crore Fifty-Eight Lakhs Sixty-Eight Thousand and Twenty-Three Only. This follows a previous announcement made on March 25, 2026, regarding the outcome of a board meeting. The company's security code is 522134.Deepak Tibrewal, Company Secretary & Compliance Officer, confirmed the transaction on behalf of Artson Limited (formerly Artson Engineering Limited).Source:

RMC Switchgears Ltd. Pledges Shares in Subsidiary for ₹1.36 Crore Loan RMC Switchgears Limited announced that its Board of Directors approved a loan agreement with Saatvik Cleantech EPC Private Limited on March 31, 2026. The agreement involves the pledging of shares held by the company in its subsidiary, Intelligent Hydel Solutions Private Limited (IHSPL).The loan amount is ₹1,35,91,500, secured by a pledge of 51% of RMC Switchgears Limited’s shareholding in IHSPL. This pledge establishes a security interest with Saatvik Cleantech EPC Private Limited, ensuring adherence to the repayment schedule and financial covenants associated with the loan. Source:

EID Parry India Limited Announces Closure of Refinery Unit and Approves Investments EID Parry India Limited announced on March 31, 2026, the closure of operations at its refinery unit, located in Vakalapudi Village, East Godavari, Kakinada, with effect from the close of working hours on the same date. The decision, approved by the board of directors of both the company and its wholly-owned subsidiary, Parry Sugars Refinery India Private Limited (PSRIPL), follows years of operational and financial challenges.PSRIPL's refinery, established in 2006 as a 2,000 TPD SEZ-based export-oriented unit, faced structural shifts that eroded its initial business model, which relied on importing raw sugar, refining it, and exporting it. These...

Aurobindo Pharma to Consider Share Buyback on April 6, 2026 Aurobindo Pharma Limited announced that a meeting of its Board of Directors will be held on Monday, April 6, 2026, to consider a proposal for the buyback of its fully paid-up equity shares. The meeting will also address related matters in accordance with the Companies Act, 2013, and applicable regulations.Trading window for the company's securities was closed for designated persons, connected persons, and their immediate relatives, effective April 1, 2026. This closure will remain in effect until 48 hours after the declaration of the company’s audited financial results for the financial year ending March 31, 2026, and includes the aforementioned buyback proposal.Source:

Housing & Urban Development Corporation Reports Strong Growth in Loan Sanctions and Disbursements Housing & Urban Development Corporation Limited (HUDCO) announced provisional financial results for the year ended March 31, 2026, demonstrating substantial growth compared to the previous fiscal year.According to a filing, HUDCO’s Loan Sanctions increased to ₹1,64,757 crore for the fiscal year 2025-26, up 28.76% from ₹1,27,952 crore in 2024-25. Loan Disbursements also saw significant growth, reaching ₹51,194 crore in 2025-26, a 27.87% increase compared to ₹40,037 crore in the prior year.ParticularsFY 2025-26FY 2024-25Growth (%)Loan Sanctions1,64,7571,27,95228.76%Loan Disbursements51,19440,03727.87%The figures are...

Tega Industries Subsidiary Receives ₹1,211.41 Crore Tax Order Tega Industries Limited announced that its wholly owned material subsidiary, Tega McNally Minerals Limited (TMML), has received an Assessment Order from the Assistant Commissioner of Income Tax, Circle 1(1), Kolkata. The order, issued March 30, 2026, pertains to the period April 2017 to March 2018 (Assessment Year 2018-19) and includes a total tax demand of ₹1,21,14,12,580, including interest.The order was passed under Section 143(3) read with Section 147 of the Income-tax Act, 1961. The additions and disallowances relate to reconciliation matters and the allowability of certain expenditures.According to Tega Industries, the order has no material impact on the financials...

Chalet Hotels Limited Receives Order from GST Department Chalet Hotels Limited announced that it received an order from the GST Department - Maharashtra State on March 30, 2026. The order, issued under section 74 of the Goods and Services Tax Act 2017, relates to a mismatch in Input Tax Credit and block Input Tax Credit for the fiscal year 2019-20.The total financial impact of the order comprises a Tax Demand of Rs. 33.07 million, interest of Rs. 40.88 million, and a penalty of Rs. 33.07 million.The company stated that it believes the order is contestable and intends to pursue legal recourse. Chalet Hotels Limited confirmed that its business operations remain unaffected.Details of the order, as provided by the GST Department, are...