Markets

Torrent Power Sells Shares in Subsidiaries to Torrent Energy Storage Solutions Torrent Power Limited announced the sale of equity shares in three wholly-owned subsidiaries to Torrent Energy Storage Solutions Private Limited on March 30, 2026. The total consideration received for the sale was ₹3,00,000.Torrent Energy Storage Solutions Private Limited is itself a wholly-owned subsidiary of Torrent Power. As a related party transaction, the sale was conducted at arm’s length.During the last financial year, the total consolidated revenue of Torrent Power was ₹29,165.26 Crore, and the consolidated net worth (including Non-Controlling Interest) was ₹18,215.78 Crore. Details regarding the revenue and net worth contribution of each...

Prism Johnson Limited Receives Income Tax Assessment Order Prism Johnson Limited announced today, March 30, 2026, that it received an assessment order from the Deputy Commissioner of Income Tax, Central Circle 6(1), Mumbai. The order, dated March 29, 2026, pertains to the Assessment Year 2024-25 and raises a tax demand of Rs. 28,23,82,920 under Section 156 of the Income Tax Act, 1961.The assessment order results from disallowances of certain expenses during the assessment proceedings. Prism Johnson Limited intends to appeal the order, believing that the disallowed expenses should have been considered allowable by the assessing authority. The company does not currently anticipate a material impact on its financial or operational...

Avenue Supermarts Limited Opens Seven New Stores, Totaling 488 Locations Avenue Supermarts Limited, the operator of the DMart retail chain, announced the opening of seven new stores on March 30, 2026. The new locations are Vavol, Gandhinagar (Gujarat); Raichur (Karnataka); Annathanapatti, Salem (Tamil Nadu); Ilavala, Mysore (Karnataka); Haveri (Karnataka); City Centre Mall, Rohini (Delhi); and Devpuri, Raipur (Chhattisgarh).With these additions, Avenue Supermarts Limited now operates a total of 488 stores.Source:

Madhya Bharat Agro Products Limited Signs Green Ammonia Purchase Agreement with SECI Madhya Bharat Agro Products Limited has entered into an agreement with Solar Energy Corporation of India Limited (SECI) for the purchase of green ammonia. The agreement, signed on March 30, 2026, aims to ensure sustainable raw material security and supports the company's transition to low-carbon production methods.Under the terms of the agreement, Madhya Bharat Agro Products Limited will purchase 1,30,000 metric tons of green ammonia annually through SECI, with a price parity to grey ammonia. The agreement will remain in force for a period of 10 years, with supply expected to begin three years following execution.The company anticipates significant...

Nazara Technologies Raises INR 500 Crores Through Preferential Issue of Warrants Mumbai, India – March 30, 2026 – Nazara Technologies Limited (BSE: 543280 | NSE: NAZARA), a leading diversified gaming and sports media company, announced a preferential issue of warrants totaling INR 500 crores, pending shareholder and regulatory approvals.Each warrant will convert into one equity share and is priced at INR 260 per share. The round includes investments from Riambel Capital PCC, S Gupta Family Investments, Plutus Investment and Holding Private Limited (Promoter Group), Classic Enterprises, and Founders Collective.The Promoter Group’s participation at the issue price underscores their confidence in the company’s growth strategy...

Hindustan Copper Ltd. Approves Construction of New Copper Concentrate Plant Hindustan Copper Ltd. announced on March 30, 2026, that its Board of Directors has approved a work order to Ardee Engineering Limited for the construction of a new 3.0 MTPA Copper Concentrate Plant at the Malanjkhand Copper Project (MCP) in Madhya Pradesh, India.The project will be executed on a turnkey basis over a period of twenty-seven months, with a financial implication of Rs. 469.55 plus GST.The Board meeting, which began at 10:30 AM and concluded at 3:45 PM, formalized the decision to proceed with the plant construction.Source:

B2B Software Technologies Ltd. Announces Record Date for Bonus Equity Share Issue B2B Software Technologies Ltd. has announced a bonus equity share issue with a record date of April 2, 2026. The bonus share ratio is 1:2, meaning one bonus share for every two existing shares held. Each bonus share has a face value of 10 Rupees.The deemed date of allotment for the 57,92,700 bonus equity shares is April 6, 2026, with an effective listing date of April 7, 2026. The shares will be credited to the depository system by 12 P.M. on April 6, 2026, and will be available for trading on April 7, 2026.The distinctive numbers for the bonus shares are from 1,16,00,801 to 1,73,93,500, with an ISIN of INE151B01011.ParticularDetailsDistinctive...

Jubilant Ingrevia Acquires 100% Stake in Remidex Pharma Jubilant Ingrevia Limited announced the completion of its acquisition of a 100% equity stake in Remidex Pharma Private Limited on March 30, 2026, at 6:05 pm (IST). The acquisition follows a Share Purchase Agreement entered into with Remidex. Key terms of the transaction were previously disclosed on March 13, 2026.Source:

Hilltone Software and Gases Ltd. Board Approves Investment in Rzolut Technologies, Reports IT Division Growth Hilltone Software and Gases Limited announced on March 30, 2026, that its Board of Directors has granted in-principle approval for a potential investment in Rzolut Technologies Pte. Ltd., a Singapore-based company specializing in data products for risk and compliance. The company also reported positive developments within its IT division.Rzolut Technologies, established in Singapore on August 29, 2022, focuses on developing data solutions for KYC, TPRM, and M&A processes. The company owns a subsidiary in India, Rzolut DataStream Private Limited, incorporated on October 3, 2023. According to company information presented to the...

Pace Digitek Limited Receives Order Worth Rs. 4,945.4 Million from NTPC Limited Pace Digitek Limited announced on March 30, 2026, that it has received a Letter of Acceptance from NTPC Limited for a total value of Rs. 4,945.4 million (excluding GST).The order encompasses several key components for the BESS Implementation at Nabinagar Super Thermal Power Station:Ex-Works (India) Supply for EPC Package Comprehensive Annual Maintenance for the entire design life of the BESS system Various services including equipment transportation, installation, erection, testing, commissioning, training, and safety.The execution timeline for the Ex-Works supply and associated services is 15 months, while the comprehensive annual maintenance is...

Amber Enterprises Disinvests from Shivaliks Mercantile, Ceases Joint Venture Amber Enterprises India Ltd. announced the complete divestment of its 49% equity stake in Shivaliks Mercantile Limited, effectively ending the joint venture arrangement with Sidwal Refrigeration Industries Private Limited. The transaction occurred on March 30, 2026.Sidwal, a material subsidiary of Amber Enterprises, sold its entire stake to J P Fincap Private Limited for a nominal value of Rs. 1,09,798.85. This sale involves 10,97,98,850 equity shares. Shivaliks Mercantile Limited will no longer be considered a joint venture company of Sidwal following the completion of the sale.Sidwal had previously written off its full investment in Shivaliks in the...

Davangere Sugar Company Ltd. Announces Distillery Capacity Expansion Davangere Sugar Company Ltd. announced Monday, March 30, 2026, that its Board of Directors approved a planned expansion of the company's distillery production capacity. The expansion aims to capitalize on increasing ethanol demand and favorable government policies.The company’s current distillery capacity is 65 KLDP, with a utilization rate of 96%. The proposed expansion will add 85 KLDP to the capacity, bringing the total to 150 KLDP. The project is expected to be completed within 18 months and requires an investment of Rs. 127.50 Crores, to be funded through FCCB funding.Distillery Capacity Expansion DetailsParticularsDetailsExisting capacity65 KLDP...

Patil Automation Limited Secures Extension for IPO Proceeds Utilization Patil Automation Limited announced a six-month extension for the timeline related to its Initial Public Offering (IPO) proceeds utilization. The extension, approved by the Board of Directors at a meeting held on March 30, 2026, stretches from April 1, 2026, to September 30, 2026.As outlined in previous disclosures, the company initially aimed to deploy ₹ 69.61 Crore from IPO proceeds by March 31, 2026, towards identified objectives. To date, ₹ 49.70 Crore has been utilized, leaving a balance of ₹ 19.91 Crore.Several external factors prompted the timeline adjustment. These include evolving robotic and pneumatic automation technologies necessitating expanded...

Endurance Technologies Wins Legal Battle Against GST Demand Endurance Technologies Limited announced on March 30, 2026, that the Hon’ble High Court of Uttarakhand has quashed a Goods and Services Tax (GST) Order issued previously. The original GST Order, pertaining to the financial year 2021-22, involved a tax demand of Rs. 12.39 crore and a penalty of Rs. 1.13 crore.The GST Order stemmed from alleged discrepancies, including a mismatch of input tax credit (ITC) compared to details in GSTR-2A, reversal of ITC by customers and sundry creditors, and the eligibility of ITC.In December 2025, Endurance Technologies had filed a Writ Petition before the High Court challenging the GST Order, specifically seeking to set aside the order due...

Bonlon Industries Limited Allots 22,00,000 Equity Shares Following Warrant Conversion Bonlon Industries Limited announced the allotment of 22,00,000 equity shares on March 30, 2026, consequent to the conversion of warrants. The decision followed a board meeting held on the same date.The allotment pertains to 22,00,000 warrants initially issued at an issue price of Rs. 33 each. Shareholders received 22,00,000 equity shares with a face value of Rs. 10 each at an issue price of Rs. 33 each, including a premium of Rs. 23 each. The total amount received aggregates to Rs. 5,44,50,000.The warrants were converted by Bon-Lon Securities Ltd. and Harshit Finvest Pvt Ltd. A detailed breakdown of the allotment is presented below:Allottee...

Sudeesh V. C. Departs from Indian Railway Catering and Tourism Corporation Indian Railway Catering and Tourism Corporation Ltd. announced the cessation of Sudeesh V. C. from his role as Group General Manager (IT) effective March 30, 2026. The departure follows a letter from the Railway Board dated March 25, 2026, and an internal HRD order dated March 30, 2026, indicating his repatriation to his parent cadre. Sudeesh V. C. previously held the position of Group General Manager (IT) and was considered a Senior Management Personnel.Source:

Suraj Industries Ltd. Completes Share Acquisition in Shri Gang Industries Suraj Industries Ltd. has finalized the acquisition of 25,000 equity shares of Shri Gang Industries and Allied Products Limited (Shri Gang) from Mr. Vikas Gupta, as reported in an update to a previous disclosure dated March 26, 2026.Shri Gang has also announced the allotment of 2,50,000 equity shares with a face value of ₹10 each. This allotment followed the conversion of 2,50,000 0.01% Compulsorily Convertible Preference Shares (CCPS) of ₹10 face value, converted at a price of ₹99 per equity share through a preferential allotment on a private placement basis to Promoter and Promoter Group entities.The paid-up equity share capital of Shri Gang now stands at...

Bizotic Commercial Ltd. Allots Equity Shares Following Conversion of Warrants Bizotic Commercial Ltd. announced the allotment of 13,38,000 fully paid-up Equity Shares following the conversion of 13,38,000 convertible warrants. The conversion involved warrants held by Ms. Sangita Annmol Aggarwala, Bizotic Dynamics Private Limited, Bizotic India Private Limited, Bizotic Industries Private Limited, and Bizotic Nexus Private Limited, all categorized as ‘Promoter and Promoter Group.’The allotment was made at an issue price of Rs. 290.00 per share, including a premium of Rs. 280.00 per share. The total consideration received aggregates to Rs. 29,10,15,000.The equity shares rank pari passu with existing shares. Consequently, the company’s...

Indian Overseas Bank Receives Penalty Order Under CGST Act Indian Overseas Bank announced on March 30, 2026, that it received an order from the office of the Commissioner, Central Tax (Delhi West), Central Goods and Services Tax, Delhi West Commissionerate. The order, issued under Section 74(9) of the CGST Act, 2017, levies a penalty of Rs. 8,23,79,584/- on the bank.The penalty relates to actions taken by the bank in exercise of its statutory powers under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), specifically concerning the possession and transfer of a secured asset through e-auction during fiscal year 2020-21.Indian Overseas Bank intends to challenge the...

Cipla Announces Leadership Changes Following Board Meeting Mumbai – Cipla Limited announced several leadership changes following a board meeting held on March 30, 2026. The changes are effective April 1, 2026.Upon Achin Gupta assuming the role of Managing Director and Global Chief Executive Officer, Saurabh Gambhir has been categorized as Senior Management Personnel (SMP), Head - Strategy and M&A (Global). Similarly, Satyavan Manikani has also been designated as SMP, serving as Chief Portfolio Head Global.Umang Vohra, who completed his term as Managing Director and Global Chief Executive Officer on March 31, 2026, has resigned from his position as a Director of the Company.Leadership Profiles Saurabh Gambhir, Head - Strategy and...