Markets

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...

R R Kabel Limited Receives Re-assessment Order for Assessment Year 2022-23 R R Kabel Limited announced it received a Re-assessment Order from the Office of the Deputy Commissioner of Income Tax in connection with the Assessment Year 2022-23. The order, dated March 30, 2026, relates to income-tax demand totaling ₹ 9.01 Crores, including interest of ₹ 0.89 Crores, based on certain additions and disallowances of expenditures under various sections of the Income Tax Act.The company intends to file an appeal against the order and stated it does not anticipate a material impact on its financials, operations, or other activities.Details of the communication are summarized below:ParticularsDetailsName of the listed companyR R Kabel...

Purple Wave Infocom Ltd. Incorporates Wholly-Owned Subsidiary, Nano Theatre Private Limited Purple Wave Infocom Limited announced the incorporation of a new wholly-owned subsidiary, Nano Theatre Private Limited, on March 30, 2026, based in Delhi. The company received confirmation that the Certificate of Incorporation was issued on the same date.Nano Theatre Private Limited has an authorized capital and paid-up capital of 10,000 shares with a par value of Rs. 10 per share. The new company will operate within the audio-visual (AV) industry.The initial capital subscription by Purple Wave Infocom Limited will be considered a related party transaction and will be conducted at arm's length. No group companies have an interest in Nano...

Ducon Infratechnologies Appoints Vandana Govil as Executive Director, Announces Resignation of Harish Shetty Ducon Infratechnologies Ltd. announced the appointment of Ms. Vandana Govil as an Additional Director and Executive Director on March 30, 2026. Ms. Govil’s appointment is for a term of 3 years, pending member approval at the upcoming general meeting. She brings over 25 years of experience in marketing and business development, including 15 years as Vice President of Business Development for Ducon Technologies Inc. of the USA. Ms. Govil holds a bachelor's degree in Geography and a master’s in finance from the USA.The company also announced that Mr. Harish Shetty resigned from his position as Executive Director, effective March...

DLF Completes Transactions with Srijan Realty Group for ₹ 710.23 Crore DLF Ltd. announced the completion of transactions with Srijan Realty Private Limited and its subsidiary companies on March 30, 2026. The transactions were finalized following the receipt of necessary regulatory approvals and satisfaction of conditions precedent, as outlined in the Master Framework Agreement, Business Transfer Agreement, and Agreement to Sell executed previously.The completed transactions include the transfer of DLF’s IT/ITeS SEZ undertaking, featuring the ‘DLF TechPark II’ building, to Makalu Builders LLP and Srijan Realty Private Limited. Additionally, approximately 17.75 acres of vacant land in Kolkata were sold to Gangapurna Projects LLP.The...

T.T. Limited Announces Share Acquisition by T.T. Brands Limited T.T. Limited announced that T.T. Brands Limited, a promoter group entity, acquired 148,000 equity shares on March 30, 2026.According to a regulatory filing, T.T. Brands Limited held 88,814,138 shares, representing 34.3773% of the total share/voting capital, prior to the acquisition. Following the purchase, T.T. Brands Limited’s holdings increased to 88,962,138 shares, equating to 34.4345% of the total share/voting capital.The acquisition was made through open market transactions. The total equity share capital/total voting capital of T.T. Limited stood at 25,83,10,944.Vimal Jain, Director of T.T. Brands Limited, signed the disclosure.Source:

Hindustan Oil Exploration Company Announces CFO Resignation Hindustan Oil Exploration Company Limited announced the resignation of N. Sivalai Senthilnathan as Chief Financial Officer, effective March 28, 2026, due to personal reasons.Senthilnathan submitted his resignation to the Board of Directors on December 29, 2025. His resignation letter is available as an attachment.The company is located at ‘Lakshmi Chambers’, 192, St. Mary's Road, Alwarpet, Chennai - 600 018, INDIA. The contact email address is contact@hoec.com, and the website is www.hoec.com.Source:

3C IT Solutions and Telecoms Enters Strategic Alliance with Rudrarya International LLP 3C IT Solutions and Telecoms (India) Ltd announced a strategic alliance and collaboration agreement with Rudrarya International LLP (Cybernara) on March 30, 2026. The agreement focuses on jointly pursuing opportunities in cybersecurity, cloud security, managed security, compliance and allied services.The collaboration aims to strengthen 3C IT Solutions and Telecoms' service offerings and market presence, aligning with its strategic objectives. The arrangement will operate under a co-branded model called '3CITSCybernara,' with 3C IT Solutions and Telecoms serving as the prime contracting and client-facing entity while Cybernara acts as the delivery...

Swaraj Engines Limited Appoints Sanjay Kshirsagar as Chief Executive Officer (Designate) Swaraj Engines Limited announced the appointment of Mr. Sanjay Kshirsagar as Chief Executive Officer (Designate) with effect from April 10, 2026. The decision was made by the Board of Directors at a meeting held on March 30, 2026, based on a recommendation from the Nomination and Remuneration Committee.Mr. Kshirsagar will also serve as a Senior Management Personnel (SMP) of the Company.Background on Mr. Sanjay Kshirsagar Mr. Kshirsagar holds a degree in Mechanical Engineering and a Post Graduate degree in Financial Management. He possesses over 34 years of experience in projects and manufacturing operations. He previously oversaw the Engine...

Global Pet Industries Limited Receives Full Occupancy Certificate for New Factory Premises Global Pet Industries Limited announced it has received a Full Occupancy Certificate from the competent authority for its new factory premises located at Industrial Building No 1(Industrial), S. NO.218/3/4, S.NO.68/1 TO /4/5 at Pelhar.The new facility encompasses a plot area of 2,791.03 square meters and a total built-up area of 5,023.85 square meters. It includes dedicated assembly units, quality control, design, service departments, and an administrative office.The company anticipates the new facility will increase annual production capacity by approximately 40%-50%. A dedicated area will be available for live machine demonstrations...

Religare Enterprises Appoints Arjun Lamba as Whole Time Director, Rajender Mohan Malla as Non-Executive Chairperson Religare Enterprises Limited announced several leadership changes following a board meeting held on March 30, 2026. The meeting, which commenced at 3:30 p.m. and concluded at 4:20 p.m., resulted in the appointment of Mr. Arjun Lamba and the designation of Mr. Rajender Mohan Malla to key roles.Mr. Arjun Lamba (DIN: 00124804) has been appointed as Whole Time Director, designated as Executive Director, for a term of five years effective April 01, 2026. His appointment is subject to shareholder approval. Lamba, founder of Guardian Advisors Private Limited, brings over 23 years of experience in Indian capital markets...

Hindustan Copper Ltd. Appoints Ajay Chandraker as Head of Department of Materials, Contracts and Marketing Hindustan Copper Limited (HCL) announced the appointment of Shri Ajay Chandraker as the Head of Department of Materials, Contracts and Marketing, effective March 30, 2026. The appointment was made by the Board of Directors at a meeting held on the same date.Shri Chandraker, currently a General Manager (Materials, Contracts and Marketing) at HCL, assumes the role, which falls under the classification of ‘Senior Management’ within the company.According to company records, Shri Chandraker is not related to any Director or Key Managerial Personnel of HCL or their relatives. The board meeting commenced at 10:30 AM and concluded at...

Rose Merc Ltd. Forfeits Convertible Warrants, Announces Forfeiture Amount Rose Merc Ltd. announced on March 30, 2026, that 864,268 convertible warrants have lapsed due to a failure to exercise the conversion option within the stipulated 18-month period. The company had previously allotted these warrants on a preferential basis to non-promoters in multiple tranches.The initial subscription amount for these warrants totaled ₹3,30,17,550. As per the terms of the allotment and applicable regulations, the amount of ₹3,30,17,550 has been forfeited.The Board of Directors approved the forfeiture through a resolution circulated on March 27, 2026.The following table details the warrant holders, number of warrants, allotment and lapse dates...