Markets

KSH International Ltd. Appoints Hukumchand Lakhotiya as Chief Executive Officer Pune, India, March 31, 2026 – KSH International Limited (BSE: 544664/NSE: KSHINTL), a leading Indian manufacturer and largest exporter of magnet winding wires, announced the appointment of Mr. Hukumchand Lakhotiya as Chief Executive Officer (CEO), effective April 02, 2026.Mr. Lakhotiya brings over thirty years of domestic and international experience in the electrical and power sectors. His previous roles include leadership positions at CG Power & Industrial Systems Ltd. and Schneider Electric Pte Ltd. (Singapore), spanning areas like P&L management, multi-plant operations, sales, business development, green energy, digitalization, and project management...

Vakrangee Ltd. Receives Demand Order from CGST & Central Excise Vakrangee Limited announced that it received an order on March 30, 2026, from the Office of the Assistant Commissioner of CGST & Central Excise, Mumbai. The order details an aggregate demand of Rs. 25,17,600 in the Maharashtra State.The demand of Rs. 25,17,600 is comprised of a CGST amount of Rs. 12,58,800 and an SGST amount of Rs. 12,58,800. The order was issued under section 122(1)(ii) of the CGST Act, 2017, along with similar provisions under the MGST Act, 2017, and section 20 of the IGST Act, 2017.The company stated that the demand relates to a disallowance of Input Tax Credit. Vakrangee Limited believes the demand is not maintainable and intends to file an appeal...

Tamilnad Mercantile Bank Receives Income Tax Demand of Rs. 1775.4 Million Tamilnad Mercantile Bank Limited announced that the Assessment Unit, Income Tax Department, issued a demand notice of Rs. 17,75,40,410 (Rupees Seventeen Crore Seventy-Five Lakh Forty Thousand Four Hundred Ten Only) on March 31, 2026.The demand, communicated via a notice dated March 30, 2026, stems from the disallowance of a claim made under Section 36(1)(viia) of the Income Tax Act, 1961 for Assessment Year 2016-17.According to the Assessment Unit, the action was taken under Section 156 of the Income Tax Act, 1961. The bank intends to file an appeal and anticipates a favorable outcome. Management stated that the demand is not expected to have a material impact...

Advait Energy Transitions Limited Secures Order Worth ₹53.84 Crore Advait Energy Transitions Limited (formerly Advait Infratech Limited) announced it has received an order from Paschim Gujarat Vij Company Ltd. (PGVCL) on March 30, 2026. The order is for the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) with its accessories in the Bhavnagar district of PGVCL, as part of the Revamped Reforms-Based and Results-Linked, Distribution Sector Scheme (Package-8).The contract is for 9 months and the total consideration, including taxes, is ₹53,83,92,519.78 (₹53.84 crore). The work involves 11 KV MVCC under the RDSS scheme.Details of the order, as required under SEBI guidelines, are presented...

Advait Energy Transitions Limited Secures Order Worth ₹55.14 Crore Advait Energy Transitions Limited (formerly known as Advait Infratech Limited) has received an order from Paschim Gujarat Vij Company Ltd. (PGVCL) for ₹55,14,40,227.34 (Fifty-Five Crore Fourteen Lakh Forty Thousand Two Hundred Twenty-Seven and Thirty-Four Paise), including taxes.The order, awarded on March 30, 2026, involves the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) with its accessories in Morbi District (Morbi circle) of PGVCL under the Revamped Reforms-Based and Results-Linked, Distribution Sector Scheme (Package-7). The project is expected to be completed within nine months.Additional details regarding...

Vishal Mega Mart Subsidiary Receives Order from Income Tax Department Vishal Mega Mart Limited announced that its subsidiary, Airplaza Retail Holdings Private Limited, received an order from the Office of the Assistant Commissioner of Income Tax, TDS Circle 1(1) Chennai, on March 30, 2026.The order, issued under Section 201 & 201(1A) of the Income Tax Act, 1961, alleges non-deduction of tax at source (TDS) and non-payment of interest on TDS. The order pertains to the financial year 2019-20.The total financial impact of the order amounts to Rs. 3,28,86,743, comprised of a tax demand of Rs. 1,86,10,422 and interest of Rs. 1,42,76,321. Vishal Mega Mart stated that the order is not expected to have a material impact on the company's...

Advait Energy Transitions Ltd. Secures Order Worth ₹37.79 Crore Advait Energy Transitions Limited has received an order from Paschim Gujarat Vij Company Ltd. (PGVCL) for Supply, Installation, Testing and Commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) with its accessories in Surendranagar District (Surendranagar Circle) of PGVCL under Revamped Reforms-Based and Results-Linked, Distribution Sector Scheme (Package-11). The order was received on March 30, 2026.The contract involves 11 KV MVCC work and is expected to be executed within 9 months. The total consideration for the order, including taxes, is ₹37,78,50,242.20.The order is from a domestic entity and does not involve any related party transactions.SR...

Mumbai, March 31, 2026 — The National Stock Exchange of India (NSE) has announced revisions to Securities Transaction Tax (STT) rates as per the Finance Act, 2026, which received Presidential assent on March 30, 2026. The revised rates will apply to transactions executed on or after April 1, 2026.Key changes include:Sr. No.Taxable TransactionSTT Rate from April 1, 2026Previous STT RatePayable By1Purchase of equity shares / units of business trust (delivery-based)0.1%0.1%Purchaser2Sale of equity shares / units of business trust (delivery-based)0.1%0.1%Seller2ASale of units of equity-oriented fund (delivery-based)0.001%0.001%Seller3Sale of equity shares / units (non-delivery-based)0.025%0.025%Seller4aSale of an option...

CL Educate Limited Receives Income Tax Order CL Educate Limited announced it received an order dated March 30, 2026, from the Office of the Deputy Commissioner of Income Tax, Circle-75(1), Delhi, pertaining to Financial Year 2019-20 (Assessment Year 2020-21). The order, issued under Section 201(1)/201(1A) of the Income Tax Act, 1961, raises a total demand of Rs. 4,85,32,252.The demand comprises Rs. 2,63,11,418 under Section 201(1) and Rs. 2,22,20,834 as interest under Section 201(1A). The order alleges defaults in the deduction and deposit of TDS related to provisions for expenses, salary payments, and instances of incorrect TDS deductions.The company intends to appeal the order before the appropriate appellate authority and does...

Adani Power, Hyundai Motor Among Eight Stocks to Join F&O Segment from April 1 Eight stocks, including Adani Power and Hyundai Motor India, will enter the futures & options (F&O) segment from Wednesday, with the National Stock Exchange (NSE) announcing position limits. The move is anticipated to improve liquidity and trading volumes. Stocks Entering the F&O Segment The National Stock Exchange (NSE) announced earlier this month that Adani Power, Cochin Shipyard, Hyundai Motor India, Force Motors, Godfrey Phillips India, Motilal Oswal Financial Services, Nippon Life India Asset Management, and Vishal Mega Mart will be introduced to the derivatives segment. Recent Stock Performance Here's a summary of how these stocks have performed in the...

Advait Energy Transitions Ltd. Receives Order Worth ₹44.48 Crore Advait Energy Transitions Ltd. announced it received an order from Paschim Gujarat Vij Company Ltd. (PGVCL) on March 30, 2026. The order is for the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) with its accessories in Amreli District (Amreli Circle) under the Revamped Reforms-Based and Results-Linked, Distribution Sector Scheme (Package-10).The contract, awarded by a domestic entity, involves work under the RDSS scheme and is to be executed within 9 months. The total value of the order is ₹44,48,34,929.48 (Forty-Four Crore, Forty-Eight Lakh, Thirty-Four Thousand, Nine Hundred Twenty-Nine and Forty-Eight paise)...

Arvind Fashions Limited Receives Demand for Input Tax Credit Arvind Fashions Limited announced that it received a demand for input tax credit (ITC) amounting to Rs. 5,40,75,947 from the I.R.S Joint Commissioner of Central Tax, Bengaluru North Commissionerate, Bengaluru. The demand, received on March 30, 2026, relates to assessment years 2019-2020 and 2020-2021.The demand includes Rs. 5,40,75,947 in IGST and concerns ITC availed in contravention of Section 16(2) of the CGST Act 2017, along with interest as per Section 50(3) of the CGST Act 2017. A penalty of Rs. 5,40,75,947 has also been imposed.According to the company, the demand is not expected to have a financial or operational impact, as Arvind Fashions Limited intends to...

Sensex Delivers Zero Returns in Two Years, Hits Two-Year Low The Sensex has erased two years of optimism, slipping from the 100,000 hype to a two-year low and delivering zero returns. Weak earnings, heavy FII outflows, global tensions, and delayed Fed cuts dragged markets through FY26, leaving investors with caution as FY27 shapes up as a year of selective opportunities. Market Performance in FY26 India's equity markets have delivered little to cheer investors over the past two years, with the benchmark Sensex now hovering near a two-year low and returns effectively flat over this period. The weakness has been particularly visible in FY26, when both headline indices closed the year in negative territory amid a combination of global...

PDS Ltd. Announces Change in Subsidiary Status PDS Ltd. announced on March 31, 2026, that NexStyle Apparel Manufacturing Limited is no longer a wholly owned subsidiary of the company. This change took effect on March 31, 2026, and is a result of the allotment of Employee Stock Options. The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source:

Aditya Vision Limited Opens Five New Showrooms Aditya Vision Limited announced the opening of five new showrooms on March 31, 2026. The new additions expand the company’s retail presence in Uttar Pradesh.The showrooms are located in the following locations: Awas Vikash Colony, Unnao; Sulabpuram, Sikandra Bodla Road, Agra; Janakpuri, Ramghat Road, Aligarh; Civil Lines, Hardoi; and Civil Lines, MGRoad, Agra. These represent the 203rd through 207th showrooms for Aditya Vision Limited.The company’s contact information is +91-612-2520854, +91-612-2520674, headoffice@adityavision.in and www.adityavision.in. The registered office is located at Aditya House, R M-20, Road No. 26, S.K nagar, Patna, Bihar- 800 001, INDIA. Aditya Vision Limited...

Canara HSBC Life Insurance Receives GST Demand Order Canara HSBC Life Insurance Company Limited announced it received a demand order under Section 74 of the UPGST and CGST Act, 2017 from the Office of the Deputy Commissioner, Lucknow Sector-20, Lucknow (C), Lucknow II, Uttar Pradesh on March 30, 2026. The order pertains to the financial year 2019-20 and follows a Show Cause Notice dated April 25, 2025.The demand includes ₹ 1,50,82,434 in tax, ₹ 1,78,73,303 in interest, and ₹ 1,50,82,434 in penalty, totaling ₹ 4,80,38,171. The authority alleges non-compliance with sections 16 & 17 of the CGST Act, 2017, and excess Input Tax Credit (ITC) claimed in GST returns.According to the company’s assessment, the demand is not maintainable, and...

Tamilnad Mercantile Bank Limited Receives Monetary Demand from Income Tax Department Tamilnad Mercantile Bank Limited announced that the Assessment Unit, Income Tax Department, issued a Notice of Demand under Section 156 of the Income Tax Act, 1961, on March 30, 2026. The demand amounts to Rs. 5,36,62,680 (Rupees Five Crore Thirty-Six Lakh Sixty-Two Thousand Six Hundred Eighty Only).The order, dated March 30, 2026, under Section 143(3) read with Section 144B, disallowed an amount under Section 14A read with Rule 8D of the Income Tax Act, 1961, for Assessment Year 2024-25.According to the company, the Bank is in the process of filing an appeal, which is expected to be passed in favor of the Bank. The demand notice is not expected to...

Accel Ltd. to Incorporate Wholly-Owned Subsidiary for Technology Park Development Accel Ltd. announced on March 31, 2026, the approval to incorporate a wholly-owned subsidiary, INFINIUUM TECHPARKS PRIVATE LIMITED, engaged in the development of technology parks, cyber parks, and real estate activities. The new company will be based in Chennai, Tamil Nadu, India.INFINIUUM TECHPARKS PRIVATE LIMITED will be involved in the development, acquisition, operation, leasing, and management of technology parks, IT/ITES campuses, data centers, co-working spaces, and real estate activities.The initial paid-up share capital will be subscribed for in cash at a cost of ₹10,00,000, representing 10,00,000 equity shares with a face value of ₹10 per...

Som Distilleries & Breweries Limited Sees Credit Rating Revision Som Distilleries & Breweries Limited announced a revision to its credit ratings by Infomerics Ratings on March 31, 2026. The company's long-term bank facilities rating has been adjusted to BBB+ from A, while the short-term rating now stands at A2, a decrease from the previous A2+.According to Infomerics Ratings, the rating revision is primarily attributed to the impact of a temporary suspension of the company’s manufacturing license by the Excise Department.The long-term bank facilities of Woodpecker Distilleries and Breweries Private Limited, a subsidiary of Som Distilleries & Breweries Limited, have also been revised to BBB+ from A by Infomerics Ratings. The...

NMDC Limited Appoints Anurag Kapil as Director (Finance) NMDC Limited announced the appointment of Anurag Kapil as Director (Finance) on March 31, 2026. The appointment follows an order from the Ministry of Steel, Government of India, dated March 18, 2026. Kapil’s term will be for five years, commencing March 31, 2026, or until further orders.Anurag Kapil is an officer of the Indian Railway Accounts Service (IRAS) with 26 years of experience in Indian Railways and public sector undertakings. He holds a Chemistry Honors degree from Hans Raj College, a Masters in Business Administration (Finance & Marketing) from the University of Delhi, and a Masters in Public Affairs from the University of Minnesota, USA.Previously, he served as...