Markets

Bharat Heavy Electricals Receives Relaxation on Land Border Procurement Norms Bharat Heavy Electricals Limited (BHEL) confirmed it has received a relaxation from the Department of Expenditure (DoE) regarding procurement norms for specific items. The clarification follows a news item published on the Economic Times website on March 27, 2026, concerning changes to Land Border norms for BHEL tenders.BHEL received Office Memorandum No. F.7/10/2021-PPD(II) dated March 27, 2026, from the DoE, Ministry of Finance. This allows BHEL a five-year relaxation under Rule 144(xi) of the General Financial Rules (GFR) for procuring 21 items from entities in countries sharing land borders with India.According to BHEL, there were no formal...

Ceinsys Tech Limited Receives Acceptance Letter from MHADA for Project Management System Ceinsys Tech Limited announced it has received an acceptance letter from the Maharashtra Housing and Area Development Authority (MHADA) for a project involving the design, development, and maintenance of an integrated project management system and 3D urban spatial digital model. The project also includes a web-based GIS platform for MHADA.The contract, awarded through E-tender ID: 2026_MHADA_1270506_1, is valued at Rs. 41,25,83,930 (Rupees Forty-One Crores Twenty-Five Lakhs Eighty-Three Thousand Nine Hundred Thirty Only), excluding taxes. The implementation phase of the project is slated for 12 months, followed by a 36-month operations and...

Sterling and Wilson Renewable Energy Receives Order Regarding Input Tax Credit Sterling and Wilson Renewable Energy Limited announced today that it received orders from the Assistant Commissioner of Div- I CGST & C. Ex, Navi Mumbai, Maharashtra, disallowing input tax credit on vendor transactions. The orders pertain to the period of April 2019 to March 2020 and April 2020 to March 2021.The total tax and penalty demanded aggregate to approximately INR 53.40 Lakhs. This includes INR 20.33 Lakhs for the period April 2019 to March 2020, and INR 6.37 Lakhs for the period April 2020 to March 2021.According to the company, there is no material impact on the operations of Sterling and Wilson Renewable Energy Limited. The company is...

GlaxoSmithKline Pharmaceuticals Receives TDS Demand Order GlaxoSmithKline Pharmaceuticals Limited has received a Final Order from the TDS Authority, INT Tax Circle 2(3)(2), imposing a TDS Demand Liability of Rs 2.01 Crores. The order, dated March 31, 2026, relates to a default under Section 201 for the assessment year 2020-2021.The TDS demand includes Rs 1.11 Crores in TDS and Rs 0.90 Crores in interest.According to a filing, the company is contesting the assessment order and intends to file an appeal before the appellate authority. Management stated that the order is not expected to have an impact on the company’s financial statements.ParticularsDetailsAuthorityTDS Authority - INT Tax Circle 2(3)(2)Nature of ActionDemand...

Asahi Industries Ltd. Transitions Management to Safex Realtor Private Limited Following Resolution Plan Approval Mumbai – March 25, 2026 – Asahi Industries Ltd. announced the completion of a key step in its Corporate Insolvency Resolution Process (CIRP) with the handover of management and control to Safex Realtor Private Limited, effective March 24, 2026. This follows an order dated November 13, 2020, from the National Company Law Tribunal (NCLT) Mumbai Bench, which approved a resolution plan submitted by Safex Realtor Private Limited.The transfer of management concludes the role of the Resolution Professional (RP)/Chairman of the Monitoring Committee.As part of the resolution plan, the company’s shareholding structure has been...

PhysicsWallah's Vishwas Diwas Concludes with 36% YoY Growth; Brings in over ₹200 Crores in Collections New Delhi, March 29, 2026 – Education company PhysicsWallah concluded its flagship event Vishwas Diwas (VD), announcing record collections of ₹205 crore from its online categories during the 20-day period ending March 20, 2026. The fifth edition of the academic celebration saw over 3.4 million students tuning in across social media platforms, leading to enrollments from 1500+ new pin codes and a 90% increase in the average daily installs of the PW app.The company saw 439,000 enrollments during the VD period, a 21% growth compared to last year. Most categories experienced growth of over 30% compared to last year's collections...

Camlin Fine Sciences Receives Order Regarding Tax Demand Camlin Fine Sciences Limited announced receipt of an order from the Office of the Assistant/Deputy Commissioner of (CGST & C.Ex.), Division-IV, Palghar Commissionerate, as of March 30, 2026.The order pertains to a demand for 96,65,820 Indian Rupees, comprised of Integrated Goods and Services Tax (IGST). This demand is related to unpaid taxes under Section 74(9) of the CGST Act, 2017, alongside corresponding MGST and IGST Acts. Additionally, applicable interest and a penalty of 96,65,820 Indian Rupees are being levied.The order stems from a tax liability arising from expenses incurred in foreign currency and reimbursed to foreign subsidiaries, where Reverse Charge Mechanism...

Transindia Real Estate Limited Confirms Interest Payment on Debentures Transindia Real Estate Limited announced the completion of an interest payment on its outstanding debentures on March 31, 2026. The payment fulfills obligations outlined in Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Details of the interest payment are summarized below:ParticularsDetailsISININE953L08329SeriesSeries 023Script Code953148Issue Size330 CroresInterest Amount to be paid on due dateRs.4,79,24,406.50FrequencySemi-AnnuallyInterest payment record date16/03/2026Due date for interest payment31/03/2026Actual date for interest payment31/03/2026Amount of interest...

Jana Small Finance Bank Limited Confirms Interest Payment on Debentures Jana Small Finance Bank Limited announced the completion of an interest payment on its outstanding debentures as of March 31, 2026. The payment fulfills requirements outlined in Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Details of the interest payment are as follows:ParticularsDetailsISININE953L08329SeriesSeries 023Script Code953148Issue Size330 CroresInterest Amount to be PaidRs.4,79,24,406.50*/-Payment FrequencySemi-AnnuallyChange in FrequencyNoInterest Payment Record Date16/03/2026Due Date for Interest Payment31/03/2026Actual Date for Interest Payment31/03/2026Amount of...

Veedol Corporation Limited Announces Re-designation of Abhijit Tikekar Veedol Corporation Limited has announced a change in leadership responsibilities, effective April 1, 2026. Abhijit Tikekar, currently serving as Company Secretary & Head - Legal, has been additionally appointed as the CSR Head.His new designation is Company Secretary and Head - Legal & CSR. Tikekar remains a Key Managerial Personnel of the company. The change is being implemented as a measure of good governance.Source:

Cinevista Limited Announces Key Board Decisions Cinevista Limited announced several key decisions following a board meeting held on March 31, 2026. The meeting commenced at 2:00 PM and concluded at 4:15 PM.Director AppointmentsShri. Prem Krishen Malhotra has been re-appointed as a Whole-Time Director, effective April 1, 2026. His remuneration is set at ¥63,00,000 per annum, pending shareholder approval at the company's 29th Annual General Meeting. Similarly, Shri. Sunil Mehta has been re-appointed as Managing Director, also effective April 1, 2026, with a remuneration of Z63,00,000 per annum, subject to shareholder approval.Appointment of Statutory AuditorsFollowing a recommendation from the Audit Committee, M/s Sarath &...

Escorts Kubota Limited Receives Improved ESG Score from SES ESG Research Escorts Kubota Limited has been assigned an improved overall ESG score of 67.4 by SES ESG Research Private Limited for the fiscal year 2024-25. The rating, released on March 30, 2026, reflects an Environment Score of 58.9, a Social Score of 72.3, and a Governance Score of 71.9.SES ESG, a Category II registered Environmental, Social and Governance (ESG) Rating Provider, independently prepared the report using publicly available data. The company did not engage SES ESG for the rating.Source:

Apollo Hospitals Enterprise Acquires 100% Stake in Apollo Consumer Products Apollo Hospitals Enterprise Ltd. announced that its unlisted material subsidiary, Apollo Healthco Limited (AHL), has acquired 100% of the issued and paid-up capital of Apollo Consumer Products Limited (ACPL). The acquisition involved purchasing 90,000 equity shares of ACPL, with a face value of INR 10 each, at a price of INR 10 per share. This transaction amounted to a total value of INR 9.00 Lakhs.Following the acquisition, ACPL has become a wholly-owned subsidiary of AHL and a step-down subsidiary of Apollo Hospitals Enterprise Ltd. The transaction qualifies as a related-party transaction undertaken at arm’s length.ACPL, incorporated on March 11, 2026, is...

Hi-Tech Pipes Ltd. to Acquire 100% Stake in Sain Software Systems Private Limited Hi-Tech Pipes Ltd. announced that its Board of Directors has approved the acquisition of a 100% stake in Sain Software Systems Private Limited and the execution of a Share Purchase Agreement. As a result of the acquisition, Sain Software Systems Private Limited will become a wholly-owned subsidiary of Hi-Tech Pipes Ltd.Details of Sain Software Systems Private LimitedSain Software Systems Private Limited is a Private Limited Company incorporated under the Companies Act, 2013, with its registered office in New Delhi. As of March 31, 2025, the company reported a turnover of Nil and a net worth of Rs. 2.35 Crore. The authorized share capital is Rs...

Meta Infotech Ltd. Secures Renewal Order Worth ₹2.11 Crores Meta Infotech Ltd. announced on March 31, 2026, that it has received a renewal order from a domestic conglomerate. The order, valued at ₹2,11,54,496 (Rupees Two Crores Eleven Lakhs Fifty Thousand Four Hundred And Ninety Six Only), is for email security services.The contract period spans from March 29, 2026, to March 28, 2027. The order is expected to be executed within 15 days.According to company statements, the order falls within the ordinary course of business. Neither the Promoter, Promoter Group, or group companies have any interest in the entity that awarded the order.DetailInformationName of Entity Awarding OrderConglomerateContract PeriodMarch 29, 2026 to...

Wipro Announces Departure of Independent Directors and Committee Reconstitution Wipro Ltd. announced on March 31, 2026, the retirement of Dr. Patrick J. Ennis (DIN: 07463299) and Mr. Patrick Dupuis (DIN: 07480046) from its Board of Directors. Their departure is effective from the close of business hours on March 31, 2026, following the completion of their tenures under Section 149(11) of the Companies Act, 2013.Following the directors' retirement, Wipro has reconstituted the composition of two Board Committees, effective April 1, 2026:Nomination and Remuneration Committee (also acts as Corporate Social Responsibility Committee)Ms. Tulsi Naidu, Chairperson Mr. DeepakM Satwalekar, Member Ms. Päivi Rekonen, MemberAdministrative...

Tamilnadu Petroproducts Extends Public Relations Agency Agreement Tamilnadu Petroproducts Limited announced an extension of its agreement with Fortuna Public Relations Private Limited (FPRPL) of New Delhi, effective March 31, 2026. The initial engagement, which began on April 2, 2024, was for a two-year period ending March 31, 2026. The extended agreement will see FPRPL continue to serve as the company's Public Relations Consultants for a further two years, from April 1, 2026, to March 31, 2028.FPRPL will continue to support Tamilnadu Petroproducts in media and investor relations, corporate image building, and related matters.Below are details regarding the agreement, presented in accordance with SEBI Circular No...

Mangalam Cement Ltd. Commissions New Grinding Capacity at Aligarh Unit Mangalam Cement Ltd. announced the commissioning of an additional grinding capacity of 1.20 million tonnes per annum (mtpa) at its Aligarh Unit in Uttar Pradesh. The move increases the Aligarh Unit's total cement grinding capacity to 1.95 mtpa.According to the company, the expansion will improve market reach and optimize logistics, enabling more efficient service to markets. As a result of the expansion, Mangalam Cement Ltd.'s total grey cement manufacturing capacity now stands at 5.60 mtpa. Business news subscriptionPawan Kumar Thakur, Company Secretary and Compliance Officer, confirmed the development.Source:

Kalpataru Subsidiary Receives Tax Order, Plans Appeal Kalpataru Limited announced on March 31, 2026, that its subsidiary, Agile Real Estate Private Limited (AREPL), has received a tax order from the Joint Commissioner of CGST, Mumbai - West. The order, dated March 30, 2026, pertains to the financial year 2019-20 and concerns a short reversal of input tax credit (ITC).The CGST order raises a tax demand of Rs. 25,186,746, along with applicable interest and penalties equivalent to the tax amount. AREPL intends to file an appeal against the order with the GST Appellate Authority and expressed confidence in a favorable outcome.According to Kalpataru Limited, the order is not expected to have a material financial impact on the company...

Amines & Plasticizers Limited Receives Credit Rating Revision from ICRA Mumbai – Amines & Plasticizers Limited announced on March 31, 2026, that ICRA Ltd. has revised its credit ratings for the company’s bank facilities. The rating actions include a change in outlook and enhanced limits for certain facilities.ICRA has assigned a rating watch with negative implications to Amines & Plasticizers Limited’s Long-term and Short-term facilities. The revised ratings are as follows:Bank Facilities and Ratings SummaryBank Facilities RatedAmountCurrent Rating (revision in rating outlook without revision in existing rating score)Long-term - Fund- based - Working capital facilitiesRs. 100.00 Crore[ICRA]A; Rating watch with negative...