Markets

Ushanti Colour Chem Limited Allots Equity Shares Following Warrants Conversion Ushanti Colour Chem Limited announced the allotment of 16,57,000 equity shares following the exercise of convertible warrants. The decision was made at a board meeting held on Tuesday, March 31, 2026.The allotment is linked to 16,57,000 warrants previously issued to non-promoter allottees on a preferential basis. Warrant holders paid the remaining 75% of the issue price, triggering the board's approval for the equity share allotment. The equity shares were issued at an issue price of ₹ 58 per share.The company had previously allotted 26,50,000 convertible equity warrants on February 12, 2026, with an issue price of ₹ 58 per warrant, with 25% paid upfront...

Arkade Developers Limited Receives Occupation Certificate for Malad West Residential Project Arkade Developers Limited announced on March 31, 2026, that it has received an Occupation Certificate (OC) for its residential project located in Malad West. The certificate was received on March 30, 2026.The project, completed in accordance with approved plans and local building regulations, is a residential development.Amit Mangilal Jain, Managing Director, Arkade Developers Limited, confirmed the receipt of the OC.Source:

Keto Motors Limited Allots Shares Under Scheme of Arrangement Keto Motors Limited, formerly known as Taaza International Ltd., announced the allotment of 5,60,47,800 equity shares on March 31, 2026. The allotment occurred in exchange for 3,73,65,200 equity shares held by shareholders of Keto Motors Private Limited as of March 30, 2026.This action follows a Scheme of Arrangement between Keto Motors Private Limited (Transferor Company) and Keto Motors Limited (Transferee Company), as approved by the Hon'ble NCLT, Hyderabad Bench, on June 12, 2025. The share exchange ratio is 3:2, meaning three equity shares of Keto Motors Limited are allotted for every two equity shares held in Keto Motors Private Limited.Company Details:Keto Motors...

Balkrishna Industries Receives Adjudication Order from CGST & Central Excise Balkrishna Industries Ltd. (BKT) announced it received an adjudication order from the Additional Commissioner of CGST & Central Excise, Mumbai Central Commissionerate, on March 30, 2026. The order pertains to the financial years from 2021-22 to 2023-24.The adjudication order, issued under section 74(1) of the CGST / MGST Act, 2017, involves a demand for Rs. 4.80 Crs, along with applicable penalties, due to the alleged availment of inadmissible credit and non-payment of tax under the reverse charge mechanism.According to BKT, the order has no anticipated impact on the company's financial, operational, or other activities. The company intends to contest the...

Responsive Industries Limited Discloses Promoter Group Pledge of Shares Responsive Industries Limited announced on March 31, 2026, that Fairpoint Tradecom LLP, a Promoter Group entity, has created a pledge of shares. The disclosure was made in accordance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Fairpoint Tradecom LLP holds 2,46,50,000 shares, representing 9.25% of Responsive Industries Limited's total share capital. A total of 7,20,000 shares, constituting 0.27% of the company’s outstanding shares, are now pledged.The shares were pledged to Imperial Solutions Private Limited. The reason for the encumbrance is personal borrowing.Here's a summary of the details in a table...

Vascon Engineers Acquires 100% Stake in Kanchi Properties Vascon Engineers Limited announced the acquisition of a 100% stake in Kanchi Properties Private Limited on March 31, 2026. As a result of the acquisition, Kanchi Properties has become a wholly-owned subsidiary of Vascon Engineers.The acquisition is a related party transaction completed at arm's length. The promoter and promoter group of Vascon Engineers do not have any interest in Kanchi Properties.According to a filing, Kanchi Properties operates within the same business vertical as Vascon Engineers and is engaged in the business of buying and selling tenanted properties.The cost of acquisition was Rs. 102,000, and involved the acquisition of 10,200 equity shares at Rs. 10...

Pashupati Cotspin Limited Sets Record Date for Share Sub-division Pashupati Cotspin Limited announced Friday, March 31, 2026, that its Board of Directors has fixed Friday, April 17, 2026, as the record date for a share sub-division. The decision follows a board meeting held on February 26, 2026, where the sub-division was approved.The company will sub-divide one existing equity share with a face value of 10 Rupees into 10 equity shares with a face value of 1 Rupee each. This move aims to increase liquidity and broaden the shareholder base.The details of the record date are outlined below:Security TypeRecord DatePurposeEquity SharesFriday, April 17, 2026Sub-division (split) of 1 (One) existing Equity Share of the Company...

Mangalore Refinery and Petrochemicals Limited Disburses Interim Dividend Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited, announced the disbursement of an interim dividend to its shareholders on March 24, 2026. The dividend was declared by the Board of Directors on March 3, 2026.The interim dividend was paid at a rate of 4% on fully paid up equity shares of ₹10 each, representing a 40% payout for the Financial Year 2025-26.Source:

Crompton Greaves Consumer Electricals Limited Receives Order from Income Tax Appeals Centre Crompton Greaves Consumer Electricals Limited announced that it received an order from the office of the Commissioner of Income Tax (Appeals), National Faceless Appeals Centre, Delhi, pertaining to the assessment year 2021-22. The order, issued under Section 250 of the Income Tax Act of 1961, relates to an appeal filed by the company against an assessment order dated December 20, 2022.The order concerns disallowances related to the provision for warranty and after-sales services, depreciation on intangible assets, and Employee Stock Option (ESOP) expenses. The potential financial impact of the order amounts to Indian Rupees 10,22,94,841...

Shipping Corporation of India Announces Departure of Board Director Mumbai – The Shipping Corporation of India Ltd. announced the departure of Rajesh Kumar Sinha from its Board of Directors, effective March 31, 2026. Sinha, an IAS officer (KL: 1994) and Special Secretary, retired from government service on March 31, 2026, according to a communication from the Ministry of Ports, Shipping and Waterways (MoPSW).Consequently, Sinha ceased to be the Official (Government) Nominee Director on the Board. The event occurred at 10:37 a.m. on March 31, 2026.The Shipping Corporation of India Ltd. is a government of India enterprise.Source:

Ador Welding Ltd. Consolidates Flares & Process Equipment Division with M&R Business Ador Welding Ltd. announced a realignment of its business operations on Tuesday, March 31, 2026. The Flares & Process Equipment Division (FPED) will be consolidated into the M&R business.The decision, effective April 1, 2026, is intended to optimize operational efficiency for the company. Mr. Ravi Kumar Palli, currently heading the M&R Business Division, will lead the combined entity.Company Scrip Code: 517041 Company Symbol: ADORSource:

Rachana Infrastructure Limited Receives Order from GST Authority Rachana Infrastructure Limited announced that it received an order from the Office of the Additional Commissioner, Central GST & Central Excise, Nagpur, Maharashtra, on March 30, 2026. The order, dated March 27, 2026, concerns the financial years 2019-20 and 2020-21.The Additional Commissioner has confirmed a demand of Rs. 11.69 crore, encompassing an equivalent amount of penalty and applicable interest, due to alleged availment and utilization of ineligible input tax credit.The company intends to file an appeal before the Appellate authority and anticipates a favorable outcome. Rachana Infrastructure Limited does not expect the order to have a material impact on its...

Tinna Rubber and Infrastructure Limited Dissolves Dutch Subsidiary New Delhi, India – Tinna Rubber and Infrastructure Limited announced the dissolution of its wholly-owned subsidiary, Tinna Rubber B.V., based in Amsterdam, Netherlands, effective February 28, 2025. The decision follows a period where the subsidiary remained non-operational since its inception. The dissolution was completed pursuant to a certificate of liquidation received from the Netherlands Chamber of Commerce.According to a filing, Tinna Rubber B.V. contributed Nil turnover, revenue, income, and net worth during the last financial year due to its non-operational status.The dissolution was registered with Dutch regulatory authorities on August 7, 2025, officially...

D. P. Abhushan Limited Opens New Showroom in Dhar, Madhya Pradesh D. P. Abhushan Limited, a jewellery company based in Central India, announced the opening of a new showroom in Dhar, Madhya Pradesh on March 30, 2026. The showroom, located in Happy Villa Colony, spans approximately 3,000 sq. ft. and offers a variety of jewellery including gold, silver, diamond-studded pieces, Kun dan varieties, and Polki collections.The expansion is part of D. P. Abhushan Limited's strategy to grow its retail presence in Tier-II cities across India. The company stated that the expansion is part of its regular operational framework and will not have a material impact on its financials for the fiscal year. Shareholder approval for capital expenditure was...

Garden Reach Shipbuilders & Engineers Announces Senior Management Changes Garden Reach Shipbuilders & Engineers Ltd. announced several changes to its senior management team, effective March 31, 2026.Cdr Bhubaneshwar Mishra, CGM (Tech & Projects), is superannuating on March 31, 2026, and will cease holding office as of April 1, 2026. Mr. Sujoy Chakravorty, CGM (Material), is also superannuating on March 31, 2026, and will cease holding office as of April 1, 2026. Additionally, Col Sanjay Anand, GM (Security, Fire & OL), is superannuating on March 31, 2026, and will cease holding office as of April 1, 2026.Cmde Rajiv Sreedharan IN (Retd), Chief General Manager (Design & PS-NWD), has resigned on personal grounds, effective March 31...

Senco Gold Extends Strategic Marketing Tie-Up with Melorra’s Parent Company Kolkata – March 31, 2026 – Senco Gold Limited announced an extension to its strategic and marketing tie-up with August Jewellery Private Limited, the parent company of omnichannel brand Melorra. The extension, effective until June 30, 2026, continues the existing terms and conditions of the original agreement.Senco Gold Limited had initially entered into the strategic and marketing collaboration with August Jewellery Private Limited in September 2025.Details regarding the arrangement, including the scope of business operations, are consistent with previous disclosures made on April 24, 2025. The transaction does not involve any share exchange or joint...

Carysil Limited Initiates Voluntary Closure of Subsidiary, Carysil Ceramictech Limited Carysil Limited has announced that its wholly-owned subsidiary, Carysil Ceramictech Limited, has filed an application for voluntary striking off with the Registrar of Companies. The move follows an earlier announcement made on March 20, 2026.Upon completion of the voluntary closure process, Carysil Ceramictech Limited will cease to be a subsidiary of Carysil Limited. The process is anticipated to conclude within 4-5 months, contingent upon receiving regulatory approvals and finalizing statutory requirements.Carysil Ceramictech Limited has not generated any turnover, revenue, income, or net worth contributions since its incorporation...

Crompton Greaves Consumer Electricals Limited Receives Order Regarding State Tax Appeal Crompton Greaves Consumer Electricals Limited announced March 31, 2026, that it has received an order from the Joint Commissioner of State Tax (Appeal -VI) partially confirming an earlier order from the Deputy Commissioner of State Tax for the financial year 2018-19. The original order, issued April 30, 2024, stemmed from an assessment under the SGST Act, 2017, and raised a demand related to disallowance of Input Tax Credit and GST on Credit notes.The company initially appealed the Deputy Commissioner’s order to the Commissioner (Appeals). Based on legal advice and a review of the merits of the case, Crompton Greaves Consumer Electricals Limited...

Shriram Pistons & Rings Ltd. Completes Interest Payments on Debentures Shriram Pistons & Rings Ltd. announced the completion of interest payments on its listed, secured, rated, redeemable, non-cumulative, non-convertible debentures as of March 31, 2026.The company made timely payments on two series of debentures, detailed as follows:S. No.ParticularsSeries 1Series 21ISININE526E07015INE526E070232Issue SizeINR 500 CroresINR 500 Crores3Interest Amount to be paid on due dateINR 3,60,00,000/-INR 3,62,46,578/-4FrequencyQuarterlyQuarterly7Interest payment record date16/03/202616/03/20268Due date for interest payment31/03/202631/03/20269Actual date for interest payment30/03/202630/03/202610Amount of interest...

Jiya Eco-Products Ltd. Appoints Key Personnel and Redesignates Chairman Jiya Eco-Products Limited announced several key changes following a board meeting held on March 31, 2026. The company appointed Mr. Swapnil Mhaske as Chief Financial Officer (CFO), effective March 31, 2026. Mr. Mhaske holds an MBA in Finance & Macro Economics from San Diego State University and brings experience from global technology companies such as Qualcomm Inc. and Motorola.Additionally, Ms. Mayura Tagare was appointed as Company Secretary and Compliance Officer, also effective March 31, 2026. Ms. Tagare is an Associate Member of the Institute of Company Secretaries of India.The board also approved the re-designation of Mr. Nilesh Mahesh Tiwari, a...