Markets

Fino Payments Bank Announces Departure of Chief Compliance Officer Fino Payments Bank Limited announced on March 31, 2026, that Mr. Aashish Pathak has resigned from his position as Chief Compliance Officer, Principal Officer, and Principal Nodal Officer. The resignation was tendered on March 13, 2026, due to personal reasons, with Mr. Pathak's last working date being March 31, 2026.According to a filing, the change in senior management personnel adheres to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The details of the change are summarized below:ParticularsDisclosureReason for change viz. resignation, appointment, re-appointment, removal, death or...

Advent Hotels International Ltd. Receives Income Tax Demand Notice Advent Hotels International Ltd. announced today that its subsidiary, BD & P Hotels (India) Private Limited, has received a Notice of Demand under Section 156 of the Income-tax Act, 1961, from the Deputy Commissioner of Income Tax, Central Circle 1(4), Mumbai. The notice pertains to Assessment Year 2024-25 and raises a demand of ₹4,54,35,230. The notice was dated March 30, 2026.The company is currently examining the matter and will take appropriate steps, including potential appeals, as deemed necessary. The financial impact is presently limited to the stated demand amount. The company stated that operations and other activities are not currently impacted. The...

KS Smart Technologies Ltd. Further Invests in Wholly-Owned Subsidiary KS Smart Technologies Limited (formerly known as Soma Papers and Industries Limited) announced a further investment in its wholly-owned subsidiary, KS Smart Solutions Private Limited (KSSPL), on March 31, 2026. The investment aligns with the company’s business requirements and strategic objectives.The company acquired 9,700 equity shares of ₹10 each at a premium of ₹48,150 per share, for a total cash consideration. KSSPL will continue to remain a wholly-owned subsidiary.KSSPL, for the financial year 2024-25, achieved a standalone turnover of ₹69,655.55 lakhs and a consolidated turnover of ₹69,657.99 lakhs. KSSPL is engaged in the business of technology innovation...

GNG Electronics Limited Receives GST Order GNG Electronics Limited announced it received an Order-in-Original from the Office of the Principal Commissioner of CGST & Central Excise, Mumbai East. The order, reference number ME/ADC/KK/262/GST/2025-26, was received through email on March 30, 2026.The order pertains to the availment and utilization of Input Tax Credit (ITC) between April 1, 2019, and March 31, 2024. The assessment includes a Goods and Services Tax (GST) demand of Rs. 34,097,749 and a penalty of Rs. 34,235,213.GNG Electronics Limited states that the order is not expected to have a material financial impact on the company and will not affect its operations. The company plans to appeal the order.According to Sarita...

Carborundum Universal Limited to Wind Down German Subsidiary Carborundum Universal Limited (CUMI) announced that CUMI International Limited, Cyprus (CIL), its wholly-owned subsidiary, has approved the initiation of a voluntary winding-up process for CUMI AWUKO Abrasives GmbH, Germany (CAAG). CAAG, previously M/s. AWUKO Abrasives Wandmacher GmbH & Co. KG, was acquired in February 2022 through a step-down subsidiary. The subsidiary manufactures coated abrasives for wood and leather applications.The decision to wind down CAAG follows continued underperformance, mounting losses, and challenging market conditions. Factors contributing to the difficulties include product and market limitations, intensified price competition, global...

Newgen Software Technologies Limited Secures Retail Loan Origination Order Worth RM 6,750,000 Newgen Software Technologies Limited announced it has received and accepted a letter of award for a Retail Loan Origination Solution. The order, valued at RM 6,750,000 (Ringgit Malaysia Six Million Seven Hundred Fifty Thousand Only), encompasses software licensing, implementation, cloud hosting, and support services.The contract was awarded by a leading bank in Malaysia, with the customer's name withheld due to confidentiality agreements. The project is an international order with a five-year duration. The equivalent value in Indian Rupees is Rs. 15,64,71,750 (Fifteen Crore Sixty four Lakh Seventy One Thousand Seven Hundred and Fifty Indian...

Valencia Nutrition Ltd. Acquires Remaining Equity in Subsidiary Valencia Nutrition Ltd. announced the acquisition of 90,00,000 (Ninety Lakh) equity shares of ₹10 each in Valencia Beverages & Superwater Private Limited, its wholly owned subsidiary, as of March 31, 2026.The acquisition aims to simplify the corporate structure, enhance operational control, and integrate the subsidiary's activities with the Company's overall strategy. The transaction was completed for a cash consideration of Rs. 9,00,00,000 (Rupees Nine Crore only). Valencia Beverages & Superwater Private Limited is considered a related party under Section 2(76) of the Companies Act, 2013, and the transaction is exempt from related-party transaction provisions.Valencia...

Cipla Ltd. Schedules Board Meeting to Review FY26 Financial Results Cipla Ltd. announced that a meeting of its Board of Directors is scheduled for Wednesday, May 13, 2026. The primary agenda includes reviewing and approving the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026.The Board will also consider a recommendation for a final dividend for the year ended March 31, 2026, if applicable.In accordance with the company’s insider trading policy, the trading window for dealing in Cipla Ltd. securities will be closed from Wednesday, April 1, 2026, to Friday, May 15, 2026, inclusive, pertaining to the announcement of financial results.Source:

Lumax Auto Technologies Completes Amalgamation with Lumax Ancillary Limited Lumax Auto Technologies Limited announced today, March 31, 2026, the effective date of the Scheme of Amalgamation with Lumax Ancillary Limited. The amalgamation, which has an appointed date of April 1, 2024, was sanctioned by the National Company Law Tribunal, New Delhi Bench.The Scheme became effective following the filing of a certified true copy of the NCLT order with the Registrar of Companies, Ministry of Corporate Affairs, on Tuesday, March 31, 2026. This action was taken by both Lumax Ancillary Limited and Lumax Auto Technologies Limited through Form No. INC-28.Pankaj Mahendru, Company Secretary & Compliance Officer, confirmed the development.Source:

IKS Health Acquires ThinkDTM, Expanding AI Capabilities in Patient Access Mumbai, India | Dallas, TX – March 31, 2026 – IKS Health, a global leader in care enablement solutions, announced the strategic acquihire of ThinkDTM, an AI-native product, strategy, and digital services company. Tij Bedi, Founder of ThinkDTM, will join IKS Health as Executive Vice President and General Manager, Patient Access and Innovation, leading a team of AI technology experts."As healthcare continues to be disrupted, joining IKS Health is a tremendous opportunity to intelligently implement AI in ways that make patients' lives easier," said Tij Bedi.The expanded team will focus on scaling and transforming IKS Health's patient access solutions, including...

Yash Highvoltage Ltd. Reports Cyber Fraud Incident Yash Highvoltage Ltd. announced a fraudulent cyber incident on March 31, 2026, impacting the company's operations. The incident involved a request for a change in bank account details from a regular vendor based in China, purportedly from the exporter.The company processed a payment to the revised account details after receiving documentary confirmation, and a partial shipment of materials was successfully received on March 31, 2026. The fraud was discovered when the supplier reported non-receipt of funds.According to the company, the incident has no material impact on the operations of Yash Highvoltage Ltd. The total estimated amount involved is ₹2.10 crore, comprising ₹1.36 crore...

Uno Minda Subsidiary Receives Order Regarding ITC Claim Uno Minda Limited announced that its subsidiary, Uno Mindarika Private Limited (MRPL), received an order from the Office of the Dy. Excise & Taxation Commissioner, Gurugram, on March 30, 2026. The order concerns an excess Input Tax Credit (ITC) claimed in GSTR-3B compared to GSTR-2A for the tax period 2019-20.MRPL has been directed to pay a tax amount of Rs. 19,77,760. The company intends to appeal the order. Uno Minda Limited does not anticipate a material impact on the financial or operational activities of the group as a result of this matter.Source:

Hatsun Agro Product Limited Completes Amalgamation of Milk Mantra Dairy Hatsun Agro Product Limited announced on March 31, 2026, that the Scheme of Amalgamation of Milk Mantra Dairy Private Limited with Hatsun Agro Product Limited has been approved by the National Company Law Tribunal, Cuttack Bench. The order was filed with the respective Registrar of Companies on March 31, 2026.The effective date of the scheme is April 1, 2025, marking the date Milk Mantra Dairy Private Limited will be deemed merged with Hatsun Agro Product Limited.As a result of the amalgamation, Hatsun Agro Product Limited’s authorized share capital has increased to Rs. 49,50,00,000, comprised of 42,50,00,000 equity shares of Re. 1 each and 7,00,000 preference...

InfoBeans Technologies Clarifies News Reports on Subsidiary Sale and Trading Halt InfoBeans Technologies Limited has clarified that reports circulating on the “Whalesbook” platform regarding the sale of two subsidiaries and a trading halt are inaccurate. The company addressed the reports in a statement released March 31, 2026.The “Whalesbook” articles, titled “InfoBeans Sells 2 Subsidiaries, Names New Whole-Time Director” and “InfoBeans Sets April 1 Trading Halt for FY26 Results,” contained information that InfoBeans Technologies Limited asserts is factually incorrect and misleading.The company specifically denied making any disclosure related to the sale of subsidiaries and the associated consideration mentioned in the articles...

Hindustan Aeronautics Limited Registers Rs. 32,250 Crores in Revenue for FY 2025-26 Bengaluru, March 31, 2026: Hindustan Aeronautics Limited (HAL) announced a revenue of Rs. 32,250 crores (provisional and unaudited) for the financial year ended March 31, 2026, compared to Rs. 30,981 crores in the previous year. The company cited challenges in deliveries of the LCA MklA and HTT 40 due to supply chain issues and technical difficulties. However, accelerated deliveries of ALH, AL31-FP, RD-33 engines, and other products and services helped maintain revenue and profitability.“HAL has shown resilience and maintained steady growth despite geopolitical tensions, global conflicts, and supply chain challenges in the aerospace and defence...

Railtel Corporation of India Secures Work Order from Jharkhand Public Service Commission Railtel Corporation of India Limited announced that it has received a work order from the Jharkhand Public Service Commission Ranchi. The order, received on March 30, 2026, at 7:40 PM, involves providing ancillary services to the JPSC, including biometric authentication and CCTV installation with live feed, along with provision of VOIP.The project is to be executed by April 19, 2026. The size of the order is valued at Rs. 21,92,61,228, inclusive of tax. The work order was awarded by a domestic entity and does not involve any related party transactions.DetailInformationEntity Awarding OrderJharkhand Public Service Commission RanchiNature...

Happy Square Outsourcing Services Limited Receives New Work Order Happy Square Outsourcing Services Limited (formerly Happy Square Outsourcing Services Private Limited) announced on March 31, 2026, that it has been awarded a new work order for manpower supply services. The order, valued at approximately ₹0.1834 Crore, was received from Madhya Pradesh Power Transmission Company Limited (MPPTCL) – Jabalpur.The contract involves the supply of manpower services and is considered part of the company’s ordinary course of business. The project is scheduled to run for one year, from April 1, 2026, to March 31, 2027. Neither the promoter group nor any group companies have an interest in MPPTCL.Here's a summary of the key details...

Texmaco Rail & Engineering Receives Rs. 41.31 Crore Order from South Central Railway Texmaco Rail & Engineering Limited, an Adventz Group company, announced it has received an order valued at Rs. 41.31 crores from South Central Railway. The order involves the replacement of panel interlocking with electronic interlocking, along with the replacement of outdoor gears at stations within the Vijayawada Division.The project is slated for completion within 540 days from the appointed date, as outlined in the EPC Agreement Document. The total contract value is Rs. 41.31 crores, excluding taxes.Texmaco Rail & Engineering confirmed that neither the entity awarding the order nor its promoters, promoter groups, or group companies have any...

Avenue Supermarts Expands Retail Footprint with 12 New Stores Avenue Supermarts Limited, owner of the DMart retail chain, announced the opening of twelve new stores as of March 31, 2026. The new locations span across several states, including Maharashtra, Tamil Nadu, Odisha, Uttar Pradesh, Haryana, Chhattisgarh, Gujarat, and Nagpur.The newly opened stores are located in: Daund, Pune (Maharashtra); Tiruvottiyur, Chennai (Tamil Nadu); SGBL Square Mall, Cuttack (Odisha); Kanpur Road, Lucknow (Uttar Pradesh); Omaxe Connaught Place Mall, Greater Noida (Uttar Pradesh); IMT Faridabad (Haryana); Dattawadi, Pune (Maharashtra); Sarkanda, Bilaspur (Chhattisgarh); Zundal, Gandhinagar (Gujarat); Singarwa, Ahmedabad (Gujarat); Kachimet, Nagpur...

Yes Bank Receives INR 210 Crore from Security Receipts Portfolio Yes Bank Limited announced it has received a total of INR 210 crore from two separate trusts related to the Security Receipts Portfolio associated with a loan portfolio sold to J. C. Flower Asset Reconstruction Private Limited ('JC Flower ARC'). The receipts totaled INR 110 crore and INR 100 crore, respectively.The transaction relates to the sale of a Non-Performing Asset (NPA) portfolio to JC Flower ARC, which occurred on December 17, 2022. Yes Bank disclosed the receipts due to the materiality threshold outlined in the amended Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.Additional information is available...