Markets

Dabur India Limited to Convene Meeting of Unsecured Creditors Regarding Amalgamation Scheme Dabur India Limited announced on March 30, 2026, that it will hold a meeting of its unsecured creditors. The meeting is being convened following an order from the Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench, in connection with the proposed Scheme of Amalgamation between Sesa Care Private Limited and Dabur India Limited.The meeting will take place on Saturday, May 02, 2026, at 1:00 P.M. (IST) via video conference/other audio visual means. The purpose of the meeting is to consider and potentially approve the proposed Scheme of Amalgamation with or without modifications.Detailed instructions for joining the meeting through...

Wakefit Innovations Limited Appoints Nitesh Prakash as Senior Vice President - Home Interiors Wakefit Innovations Limited announced the appointment of Nitesh Prakash as Senior Vice President - Home Interiors, effective March 30, 2026. The appointment was approved by the company's Board of Directors following a recommendation from the Nomination and Remuneration Committee.Nitesh Prakash brings over a decade of experience as an operations leader, entrepreneur, and business builder. He is an alumnus of IIT Bombay (B.Tech + M.Tech in Chemical Engineering). Previously, he served as VP - Operations at Ola Electric and Senior Director at Ola (ANI Technologies Pvt. Ltd). He also founded O' Be Cocktails and has held positions at Foodpanda...

Music Broadcast Ltd. Receives Income Tax Demand Order Music Broadcast Ltd. announced today, March 30, 2026, that it received a demand order from the Office of Assistant Commissioner of Income Tax, Circle 14(1)(1), Mumbai. The order, dated March 27, 2026, pertains to the assessment year 2010-11 and amounts to Rs. 24,46,476.According to the company, the order was received at approximately 3:59 PM on March 30, 2026. Music Broadcast Ltd. plans to file an appeal against the order.The company stated that the demand order is not expected to have a material adverse financial impact at this stage, citing a preliminary assessment and legal advice suggesting reasonable grounds for a successful appeal.Source:

Alkem Laboratories Incorporates Wholly Owned Subsidiary in UAE Alkem Laboratories Limited announced the incorporation of a wholly owned subsidiary, Alkem Pharmaceuticals Scientific Office FZ LLC, in Dubai Healthcare City, UAE, on March 30, 2026.The new subsidiary, Alkem Pharmaceuticals Scientific Office FZ LLC, has an authorized share capital of AED 3,670,000, divided into 3,670 equity shares of AED 1,000 each. The subscribed capital is AED 3,670,000, comprising 3,670 equity shares of AED 1,000 each. The subsidiary will undertake activities related to manufacturing products and obtaining product registrations, excluding trading activities.The acquisition constitutes a related party transaction as Alkem Pharmaceuticals is a wholly...

Aurobindo Pharma to Complete Stake Acquisition in Swarnaakshu Solar Power Private Limited by June 30, 2026 Aurobindo Pharma Ltd. announced an update regarding its solar power purchase agreement and acquisition of a stake in Swarnaakshu Solar Power Private Limited. The company had previously indicated intentions to complete these initiatives by March 31, 2026.The investment for acquiring up to 26% in Swarnaakshu will now be completed on or before June 30, 2026. This timeline is contingent on receiving approval from the concerned state government for setting up a captive solar power plant. The company had previously informed stakeholders about this initiative through letters dated February 6, 2025, March 28, 2025, June 30, 2025...

Bodhi Tree Multimedia Acquires 50.01% Stake in Moving Image Studios Private Limited Bodhi Tree Multimedia Ltd. has completed the acquisition of a 50.01% equity stake in Moving Image Studios Private Limited (MISPL), according to a filing dated March 30, 2026. The acquisition follows an agreement executed on December 24, 2025, and finalized on December 31, 2025.The total consideration for the acquisition amounts to Rs. 70,013,994.40. This comprises 10,004 equity shares, with a face value of Rs. 10 each, acquired at a premium of Rs. 6,988.60 per share.As a result of this acquisition, Moving Image Studios Private Limited has become a subsidiary of Bodhi Tree Multimedia Limited. The company has also indicated an additional planned...

Coal India Limited Divests Shares in Subsidiary, Central Mine Planning & Design Institute Limited Coal India Limited announced the successful initial public offering (IPO) of equity shares of its subsidiary, Central Mine Planning & Design Institute Limited, on March 30, 2026. The IPO involved the sale of 107,100,000 equity shares at a price of ₹172.00 per share.Central Mine Planning & Design Institute Limited is now listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited, effective March 30, 2026.As a result of the share sale, Coal India Limited’s ownership in Central Mine Planning & Design Institute Limited has decreased from 100% to 85%, representing a reduction from 714,000,000 equity shares to...

Nucleus Software Exports Ltd. Receives Order Regarding TDS Interest Demand Nucleus Software Exports Ltd. announced today, March 30, 2026, that it received an order from the Income Tax Department in Delhi related to the assessment year 2020-21. The order stipulates an interest demand of INR 46,382 due to late deduction of TDS.According to the company, the order will have no material impact on its financials, operations, or other activities.S. No.ParticularsInformation of such event(s)1Name of the authorityIncome Tax Department, Delhi2Nature and details of the action(s) taken, initiated or order(s) passedAssessing officer passed the order against the Company for the AY 2020-21 wherein interest demand of INR 46,382/- is raised...

Promoter Group Increases Stake in Indo Farm Equipment Ltd. Indo Farm Equipment Ltd. announced that Mr. Shubham Khadwalia and Ms. Diksha Khadwalia, part of the company’s Promoter Group, acquired 135,203 equity shares through open market purchases on March 27, 2026, and March 30, 2026.The acquisition has resulted in an increase in the Promoter and Promoter Group’s collective shareholding from 70.35% to 70.62% on a fully diluted basis. The company’s shares are listed on the BSE under the symbol INDOFARM and BSE Scrip Code 544328, and on the NSE under the symbol INDOFARM.Source:

Birlasoft Announces Leadership Changes Birlasoft Limited announced several leadership changes on March 30, 2026, following the resignations of key personnel. The company’s Board of Directors approved the appointments to fill the vacated roles, all effective April 1, 2026.Ms. Priti Kataria resigned as Chief Human Resources Officer and Senior Management Personnel, citing personal reasons. Mr. Arun Rao has been appointed as her successor. Mr. Rao most recently held the role of Group Head - Leadership Development at the CKA Birla Group. He brings over three decades of experience in human resources and leadership development.Mr. Selvakumaran Mannappan also resigned as Chief Operating Officer, citing personal reasons. Mr. Vikram Puranik...

Bhagyanagar India Limited Appoints New Company Secretary and Compliance Officer Bhagyanagar India Limited announced the appointment of Mr. Sanjay Singh Rathore as the Company Secretary and Compliance Officer, effective March 30, 2026. The decision was made by the Board of Directors following recommendations from the Nomination and Remuneration Committee. Mr. Rathore holds Membership No. ACS 66136.According to a company statement, Mr. Rathore is an Associate Member of the Institute of Company Secretaries of India. He holds a Master's degree in Commerce and possesses experience in company law and accountancy.The appointment aligns with Section 203 of the Companies Act, 2013, and Regulation 6(1) of the Securities and Exchange Board of...

IL&FS Transportation Networks Ltd. to Seek Board Approval for Record Date for Interim Distribution IL&FS Transportation Networks Ltd. announced it will seek approval from its Board of Directors on Tuesday, April 7, 2026, to set a record date for the payment of the Third Interim Distribution to its debenture holders.The record date, once finalized, will be communicated to the stock exchanges. IL&FS Transportation Networks Ltd. is listed on the Bombay Stock Exchange under Scrip Code No: 533177 and the National Stock Exchange of India Limited under Scrip Code No: IL&FSTRANS EQ.Source:

Race Eco Chain Ltd. Corporate Office Searched by GST Department Race Eco Chain Ltd. announced that a search operation was conducted by the GST Department on March 27, 2026, at the company’s corporate office in Noida, Uttar Pradesh. The search began at 4:40 PM and concluded at 11:30 PM on the same day.The search was conducted by the Commissioner, CGST Commissionerate, Noida. No search authorization direction or order was issued. The company reported no violations or contraventions.The impact on the financial, operational, or other activities of Race Eco Chain Ltd. is yet to be determined and will be quantified in monetary terms to the extent possible.Race Eco Chain Limited is headquartered at Shop No. 37, Shanker Market, Connaught...

Supra Pacific Financial Services Ltd. Announces Rights Issue Allotment Supra Pacific Financial Services Ltd. announced the allotment of 1,58,52,525 equity shares on a rights basis to eligible shareholders. The rights issue opened on March 20, 2026, and closed on March 27, 2026. The shares were allotted at a price of ₹23 per share, including a premium of ₹13.The company’s paid-up equity share capital has increased from ₹33,28,77,410, comprising 3,32,87,741 fully paid-up equity shares, to ₹49,14,02,660, comprising 4,91,40,266 fully paid-up equity shares.The details of the pre and post-issue paid-up share capital are as follows:ParticularsNo. of Equity SharesFace ValuePaid-up share capital (Pre-Rights Issue)3,32,87,741₹10...

Netlink Solutions India Ltd. Appoints New Chief Financial Officer Netlink Solutions India Ltd. announced on March 30, 2026, that Mr. Punitbhai Bavanjibhai Lakkad has resigned from his position as Chief Financial Officer (CFO), effective March 30, 2026, due to pre-occupation and personal reasons.The company has appointed Mrs. Kajal Baldha as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective March 31, 2026. Mrs. Baldha brings over 10 years of experience in services, advisory, and consultancy businesses. She is currently associated with Arix Capital Limited as a Director since April 2019. She holds a Bachelor of Science degree from Veer Narmad South Gujarat University.The Board of Directors’ meeting...

Kansai Nerolac Paints Faces Tax Assessments, Maintains No Material Impact Kansai Nerolac Paints Limited announced on March 30, 2026, orders passed under Section 74 of the Central Goods and Services Tax Act, 2017 (CGST Act). The company disclosed the information in accordance with Securities and Exchange Board of India (SEBI) regulations.Assessment Year 2017-18 The Commissioner Appeals II, CGST & Central Excise, Mumbai, confirmed a penalty of Rs. 2,78,89,642 for disallowance of transitional Input Tax Credit claimed by the company during fiscal year 2017-18 for the state of Maharashtra. The company intends to appeal the order before the GST Tribunal.Assessment Year 2019-20 The Deputy Commissioner, CGST Division-West, CGST Faridabad...

G R Infraprojects Secures Road Project in Gujarat Worth ₹1453.57 Crores G R Infraprojects Limited has received a Letter of Acceptance for a road project from the National Highways Authority of India, the company announced on March 30, 2026. The project involves the upgradation of a section of NH-56 in Gujarat, specifically the stretch from Ch. 208+90 to Ch. 269+11, spanning a length of 60.21 kilometers.The contract, awarded under a Hybrid Annuity Mode (HAM) framework (Pkg-VI), entails transforming an existing two-lane carriageway into a four-lane divided carriageway. The project’s consideration is valued at ₹1453.57 Crores, excluding Goods and Services Tax (GST). The completion timeline is set at 910 days from the appointed date...

Baheti Recycling Industries Limited Appoints Auditors for Fiscal Year 2025-26 Baheti Recycling Industries Limited announced the appointments of both an Internal Auditor and a Secretarial Auditor during a board meeting held on March 30, 2026. The decisions were made following recommendations from the company's Audit Committee.M/s. Wadhawan Pandya & Co. has been appointed as the Internal Auditor for the financial year ending 2025-26. Mr. Wadhawan Pandya, the auditor, possesses significant expertise in auditing and internal control systems.Additionally, M/s. Parth P Shah & Associates has been appointed as the Secretarial Auditor for the same financial year. Mr. Parth Shah brings considerable experience in corporate governance and...

PFL Infotech Ltd. Board Approves Capital Reduction, Registered Office Relocation PFL Infotech Ltd. announced several key decisions following a board meeting held on March 30, 2026. The board approved a reduction in paid-up share capital and a relocation of the company’s registered office.The board approved a reduction of paid-up share capital, subject to shareholder and NCLT approval. The reduction involves setting off Rs. 7,40,33,190 against accumulated losses of Rs. 7,84,55,000. This will reduce the company’s paid-up capital from Rs. 7,47,81,000, consisting of 74,78,100 fully paid-up equity shares, to Rs. 7,47,810, divided into 74,781 equity shares. Shareholders will receive one share for every 100 shares held.Furthermore, the...

Ansal Housing Limited Discloses Default on Project Funding Ansal Housing Limited disclosed a default on project funding obligations on March 30, 2026, according to a filing. The default, reported on February 28, 2026, involves a principal amount of Rs. 55.62 crore and no interest.Suraksha Asset Reconstruction Private Limited, acting as Trustee of Suraksha ARC-034 Trust, is the lender involved in the default. The total outstanding obligation amounts to Rs. 169.00 crore, with a tenure extending until December 31, 2026, and an interest rate of 14% per annum. The obligation is secured.As of March 30, 2026, Ansal Housing Limited’s total borrowings from banks and financial institutions stand at Rs. 207.33 crore, while its total financial...