Markets

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...

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...