Markets

Storage Technologies and Automation Limited Board Approves Related Party Transaction Storage Technologies and Automation Limited announced that its Board of Directors convened a meeting on March 30, 2026. The meeting commenced at 4:15 p.m. and concluded at 4:45 p.m.A key decision from the meeting involved the approval of a sub-lease of factory premises with related parties. This approval followed a recommendation from the Audit Committee and aligns with Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI (LODR) Regulations, 2015. Other business items were also addressed during the board meeting.The company's BSE Script Code is 544171 (STAL), and its ISIN is INE0RGM01016. Mohammad Arif Abdul Gaffar Dor, Managing...

Venmax Drugs and Pharmaceuticals Appoints New Directors Venmax Drugs and Pharmaceuticals Limited announced the appointment of two additional directors to its board on March 30, 2026. The decisions were made during a board meeting that commenced at 4:00 P.M. and concluded at 5:00 P.M.Mrs. Padmaja Kalyani Sadhanala has been appointed as an Additional Director, serving in a Non-Executive and Non-Independent capacity. She brings over 20 years of experience in the pharmaceutical industry, holding a Post Graduate degree in Genetics and Cell Biology. Her appointment is effective from March 30, 2026, and will continue until the conclusion of the next General/Annual General Meeting, at which point she will be eligible for reappointment. Mrs...

BASF India to Close Metal Complex Dyes Production Line in Mangalore BASF India Limited has announced the closure of its Metal Complex Dyes (MCD) production line located at its manufacturing site in Mangalore. The decision, approved by the Board of Directors at a meeting held on March 30, 2026, is attributed to the commoditized nature of the MCD business and its limited strategic relevance and pricing power, impacting margins and profitability.The MCD production line is part of the Dispersions Business within the Industrial Solutions Segment. During the fiscal year 2024-25, the MCD Production Line generated approximately Rs. 15 crore in revenue, representing 0.1% of BASF India’s total revenue.The closure is anticipated to occur...

BASF India Ltd. to Divest Subsidiary for INR 230.16 Crore BASF India Limited announced on March 30, 2026, that its Board of Directors has approved the transfer and sale of its 100% stake in BASF India Coatings Private Limited to Bond German BidCo 2 GmbH and Bond France BidCo SAS, companies affiliated with the Carlyle Group. The consideration for the divestiture is INR 230.16 crore, as determined by an independent valuer, subject to adjustments at closing.The transaction, which is expected to close during the second quarter of 2026, follows a global agreement between BASF and funds managed by the Carlyle Group, in partnership with Qatar Investment Authority, concerning BASF's automotive OEM coatings, automotive refinish coatings, and...

LS Industries Ltd. Increases Investment in Robochef Agritech, Plans to Make it a Subsidiary LS Industries Limited announced an additional investment of Rs. 31,50,000 in Robochef Agritech Private Limited on March 30, 2026. This follows a previous board resolution from November 14, 2025, authorizing an investment of Rs. 7,50,000. The total investment now amounts to Rs. 39,00,000, representing a 78% stake in Robochef Agritech’s equity share capital.The company intends to make Robochef Agritech a subsidiary. Robochef Agritech, incorporated under the Companies Act, 2013, is based in Ludhiana, Punjab, and operates in the agritech sector, specializing in hydroponics farming and food processing automation.The move represents a strategic...

Asahi India Glass Completes Sale of Stake in Under Par Sports Technologies Asahi India Glass Limited announced the completion of the sale of a 34% stake held by AIS Consumer Glass Solutions Limited, a subsidiary of the company, in Under Par Sports Technologies Private Limited. The transaction concluded on March 30, 2026.Under Par Sports Technologies was previously an Associate Company of AIS Consumer Glass Solutions and an Indirect Associate of Asahi India Glass. As a result of the sale, Under Par Sports Technologies no longer holds these designations, effective March 30, 2026.The sale follows an initial announcement made on March 24, 2026. No changes have been made to the previously disclosed information regarding this transaction...

Fabtech Technologies Cleanrooms Completes Acquisition of Advantek Air Systems Fabtech Technologies Cleanrooms Limited announced the completion of its acquisition of Advantek Air Systems Private Limited (Advantek) on March 30, 2026. The acquisition follows an earlier intimation provided on February 12, 2026. The company's stock symbol on the BSE Limited is FABCLEAN, with a scrip code of 544332. Jahnavi Mehta, Company Secretary & Compliance officer (Membership No.: A36473), confirmed the completion.Source:

Magna Electro Castings Ltd. Signs Captive Power Agreement and Share Subscription Agreement Magna Electro Castings Limited announced on March 30, 2026, that it has executed a Captive Power Agreement and a Share Subscription and Shareholders Agreement with First Energy TN 1 Private Limited (FETN1PL). The agreements were signed on March 30, 2026, at 4:00 P.M. IST.FETN1PL, incorporated on January 29, 2022, has a registered office in Pune and a paid-up share capital of Rs. 23.04 Crores. The company operates in the energy industry, specifically solar power.The acquisition is intended to comply with minimum shareholding requirements under the Electricity Act of 2003. Magna Electro Castings Ltd. already holds 14,40,000 equity shares...

Xpro India Ltd. Schedules Investor Meetings in Early April Xpro India Ltd. announced it will be holding meetings with investors and fund houses on April 6, 2026, and April 7, 2026. The meetings will be both group and one-on-one sessions.During these interactions, the company’s representatives will refer to publicly available information. The meeting schedule is subject to change.Xpro India Ltd. is headquartered in Kolkata, India, and its stock symbol is XPROINDIA(EQ) on the National Stock Exchange of India Ltd. The company's stock code is 590013 on the BSE Limited.Source:

Servotech Renewable Power System Limited Announces Leadership Changes Servotech Renewable Power System Limited announced several key leadership changes effective March 31, 2026, and April 1, 2026.Mr. Vikas Bhatia, the current Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), will relinquish his position in view of a transition to a new role within the company. Mr. Vipin Kaushik has been appointed as the new CFO and KMP, also effective April 1, 2026. Mr. Kaushik is a qualified Chartered Accountant with over 20 years of experience in finance, accounts, taxation, and corporate finance.Additionally, Mr. Abhishek Khandelwal has been appointed as the Internal Auditor of the Company, effective immediately. Mr. Prem Prakash...

Mallcom (India) Ltd. Reschedules Investor and Analyst Meeting Mallcom (India) Ltd. has rescheduled an investor and analyst meeting initially planned for March 30, 2026. The meeting will now take place on Thursday, April 02, 2026, at 4:00 PM.The rescheduled meeting, organized by Valorem Advisors, will be conducted through video conferencing. This follows an earlier notification issued on March 24, 2026.Day, Date and Time of the MeetingName of the Investors/AnalystsType of InteractionThursday, April 02, 2026 at 4:00PMGroup Investor/Analyst Meet organised by Valorem AdvisorsThrough Video ConferencingMallcom (India) Ltd. is listed on the Bombay Stock Exchange under Security Code 539400 and on the National Stock Exchange under...

Mahanagar Telephone Nigam Ltd. Transfers Leasehold Property to NABARD for ₹350.72 Crore Mahanagar Telephone Nigam Limited (MTNL) has executed a Deed of Assignment of Leasehold Property with NABARD (National Bank for Agriculture and Rural Development) on March 30, 2026.Under the agreement, MTNL is transferring the leasehold rights for its residential property located at GN Block, BKC Quarters (28 quarters), Plot Area 2680 sqm and Built-up Area 4021.43 sqm, at MMRDA Plot No. R-4, BKC, Bandra (E), Mumbai-400 098, to NABARD. The consideration for this transfer is ₹350.72 crore, which NABARD has paid in full.The transaction is described as a Government to Government Transfer. No other significant terms, special rights, or potential...

Magson Retail and Distribution Limited Allots Equity Shares Following Warrant Conversion Magson Retail and Distribution Limited announced the allotment of 6,03,286 fully paid-up equity shares on Monday, March 30, 2026, resulting from the conversion of an equal number of convertible warrants. This follows prior approvals from shareholders and the National Stock Exchange of India Limited.The company had previously allotted 1,06,00,000 convertible equity warrants on April 17, 2025, at an issue price of ₹ 93.25 each. Warrant holders, including entities from the Promoters Group and Non-Promoter categories, exercised their conversion option and paid the remaining 75% of the issue price.Table A: Allottee Details and Share AllotmentSr...

Andhra Cements Ltd. Board Approves Merger with Sagar Cements Ltd. Andhra Cements Limited announced that its Board of Directors has granted in-principle approval for a proposed merger with its holding company, Sagar Cements Limited. The decision was made at a board meeting held on March 30, 2026.The merger remains subject to the necessary approvals from regulatory bodies and other relevant authorities. The ISIN for Andhra Cements Limited is INE666E01020, and the scrip code is 532141.Source:

IndiQube Secures ₹75 Crore Workspace Deal with Healthcare Tech GCC in Bangalore Bangalore, India – [March 30, 2026] – IndiQube Spaces Limited, an integrated tech-enabled workspace solutions platform, announced a workspace leasing agreement with a leading Global Capability Centre (GCC) in the healthcare technology sector. The client has leased over 48,000 sq.ft. of premium Grade A workspace along the Outer Ring Road in Bangalore. The deal is valued at approximately ₹75 crore over a five-year period.This transaction highlights the rising demand for high-quality, scalable workspaces from GCCs in key business districts and reinforces IndiQube's position as a preferred partner for these organizations.“We are seeing a clear acceleration...

Indian Renewable Energy Development Agency Ltd. Secures JPY 28 Billion ECB Facility from SMBC Indian Renewable Energy Development Agency Limited (IREDA) has signed a Facility Agreement on March 30, 2026, to raise an External Commercial Borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) for JPY 28 billion, which includes a Green Shoe Option of JPY 12 billion.The facility agreement was arranged by Sumitomo Mitsui Banking Corporation Singapore Branch, acting as the Mandated Lead Arranger and Bookrunner. The ECB is a 5-year long-term loan, and the total amount of the loan is yet to be availed. The facility is unsecured.The following table provides details of the agreement:ParticularsDetailsName(s) of partiesSumitomo...

Neeraj Paper Marketing Ltd. Receives Income Tax Assessment Order Neeraj Paper Marketing Limited announced today, March 30, 2026, that it received an assessment order from the Deputy Commissioner of Income Tax Department for the Assessment Year 2019-20. The order includes a demand for Rs. 77,56,540.The assessment order was received at 12:30 p.m. It pertains to an assessment under Section 147 read with Section 143(3) of the Income-Tax Act, 1961.According to the company, the assessment order indicates an addition of Rs. 52,79,800 in income for Assessment Year 2019-20, including additions under Sections 28 and 69C of the Act.Neeraj Paper Marketing Limited stated that it does not currently anticipate any material impact on its...

Sharda Motor Industries Receives Appellate Orders from Income Tax Authority Sharda Motor Industries Limited (SMIL) announced today, March 30, 2026, that it received Appellate Orders from The Commissioner of Income-Tax (Appeals) -27, New Delhi. The orders pertain to the assessment year 2022-23.The company had previously received intimations on this matter, most recently on February 26, 2026, regarding orders passed under Section 250 of the Income Tax Act, 1961. The latest order, dated March 27, 2026, was received via email on March 30, 2026.According to prior communications, the total outstanding demand for AY 2022-23 was Rs 4.30 Crore. Following the order from the Commissioner of Income Tax (Appeals), SMIL intends to pursue the...

Bayer CropScience Ltd. Receives Penalty Order Related to E-way Bill Documentation Bayer CropScience Ltd. announced today that it has received a penalty order from the Office of the Assistant Commissioner of State Tax in Cuttack, Odisha. The order, received on March 30, 2026, pertains to E-way bill documentation for the financial year 2019-20.The penalty imposed amounts to Rs. 29.83 million. The company stated that the order is currently appealable and an assessment will be made regarding the exercise of its right to appeal.The company noted that the penalty order will have an impact on its activities, quantifiable in monetary terms, though the company plans to appeal the order.DetailInformationAuthorityOffice of the...

Davangere Sugar Company Ltd. Board Approves USD 100 Million Fundraising and Capacity Expansion Davangere Sugar Company Ltd. announced on March 30, 2026, that its Board of Directors approved a fundraising initiative and an expansion of its distillery capacity.The company is authorized to raise funds up to USD 100 million or its equivalent in Indian Rupees or other foreign currencies through various instruments. These include, but are not limited to, foreign currency convertible bonds (FCCB), external commercial borrowings (ECB), convertible bonds, debentures, warrants, or other equity-linked securities. The funds can be raised in one or more tranches, subject to necessary approvals.The Board also approved an increase in the company's...