Markets

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...

Jubilant FoodWorks Will Not Renew Dunkin' Development Agreement Jubilant FoodWorks Limited announced the non-renewal of its development rights for the Dunkin’ brand in India, following a board meeting held on March 30, 2026. The current development term, outlined in a Multiple Unit Development Franchise Agreement dated February 24, 2011, expires on December 31, 2026.The company stated that it will evaluate and undertake appropriate actions regarding its existing Dunkin’ brand operations, which may include rationalization, cessation of operations, sale of assets, or transfer of franchise rights, in consultation with Dunkin’ brand owners and in accordance with contractual obligations.According to financial data for fiscal year...

Curis Lifesciences Limited to Invest in Uninova Lifesciences, Appoints Auditors Curis Lifesciences Limited announced a strategic investment in Uninova Lifesciences Private Limited on March 28, 2026. The company will acquire 51% of the issued and paid-up share capital of Uninova Lifesciences Private Limited for a Purchase Consideration of INR 20,65,500. This acquisition will make Uninova Lifesciences Private Limited a subsidiary of Curis Lifesciences Limited.Uninova Lifesciences Private Limited was incorporated on October 22, 2021, and has a paid-up share capital of INR 30,00,000. It recorded an audited turnover of INR 5.39 crores for the Financial year 2024-25, INR 5.11 crores for FY 2023-24 and INR 2.90 crores for FY 2022-23. The...

Zydus Wellness Subsidiary Receives GST Penalty Order Zydus Wellness Limited announced on March 30, 2026, that its wholly-owned subsidiary, Zydus Wellness Products Limited (ZWPL), has received a penalty order from the Office of The Assistant Commissioner, Division-II, CGST Commissionerate, Ghaziabad, Uttar Pradesh.The order, received on March 29, 2026, alleges less reversal of input tax credit and imposes a penalty of ₹ 6.30 million along with applicable interest for the financial years 2019-20 and 2020-21. The penalty is based on the provisions of section 74(9) read with section 122(2)(b) of The Central Goods and Service Tax Act, 2017.ZWPL intends to appeal the order and will assess the next course of action. The company stated that...

Panacea Biotec Announces Resignation of Independent Director Rajesh Jain Panacea Biotec Ltd. announced that CA Rajesh Jain, a non-executive independent director, has resigned from his position, effective June 30, 2026. Jain’s resignation also extends to his role as an independent director of Panacea Biotec Pharma Ltd., a material wholly owned subsidiary.The decision is attributed to existing professional commitments and increasing time demands related to evolving regulatory and corporate governance requirements, which Jain stated would limit his ability to dedicate the necessary time and attention to the role.CA Rajesh Jain will also cease to be the Chairman/member of the Committees of the Board of Directors of the Company and...

Commercial Syn Bags Ltd. Allots Equity Shares Following Warrant Conversion Commercial Syn Bags Limited (COMSYN) announced the allotment of 3,87,000 equity shares of Rs. 10 each at a premium of Rs. 62 per share to Pravi Investments LLP, a promoter group entity. This allotment follows the exercise of convertible warrants initially issued on March 20, 2025, and the receipt of the remaining balance amount. The total consideration for the allotment amounted to Rs. 2,08,98,000.Details of the Allotment:SubscriberCategoryNumber of Equity SharesPravi Investments LLPPromoter Group3,87,000Total 3,87,000Following the conversion, Pravi Investment LLP holds 1,584,906 equity shares. A total of 1,613,000 warrants remain outstanding for...

Bhandari Hosiery Exports Limited Schedules Board Meeting to Review Fund Utilization Bhandari Hosiery Exports Limited announced that a meeting of its Board of Directors is scheduled for Monday, April 6, 2026. The meeting will address a modification in the utilization of funds raised through a recently concluded Rights Issue, due to under subscription of the issue.The meeting is in compliance with Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source:

Mcon Rasayan India Limited Allots Shares Under Employee Stock Option Scheme Mcon Rasayan India Limited announced the allotment of equity shares following a board meeting held on March 30, 2026. The meeting, which commenced at 12:00 p.m. and concluded at 4:30 p.m., addressed matters related to the company’s share-based employee benefits.The company allotted 6,298 equity shares with a face value of ₹ 10 per share. The exercise price per share is ₹ 12.6. The shares were allotted with a premium of ₹ 2.6 per equity share. The share certificates bear distinct numbers from 73,29,091 to 73,35,388 and have an ISIN number of INE0O4M01019.Following this allotment, the total issued shares of Mcon Rasayan India Limited stands at 73,35,388, with...

Veer Global Infraconstruction Ltd. Approves Conversion of Loan into Equity Shares Veer Global Infraconstruction Limited announced that its Board of Directors approved the conversion of a loan into equity shares at a meeting held on March 30, 2026. The meeting commenced at 4:00 PM and concluded at 4:33 PM.The board also approved the issue price, number of equity shares, and other terms and conditions related to the proposed issuance of equity shares. Additionally, approval was given for a related-party transaction, a valuation report, a draft notice for an Extraordinary General Meeting (EGM), and the appointment of a scrutinizer and other intermediaries.The company plans to issue up to 8,00,000 equity shares to Veerone Limited and...

Kesoram Industries Submits Disclosure Regarding Secured NCDs, Pays Fines for Non-Compliance Kesoram Industries Limited has filed a disclosure regarding secured Non-Convertible Debentures (NCDs) pertaining to the quarter and nine months ended December 31, 2021. The disclosure was made following communication from the BSE Limited dated March 24, 2026, referencing case number 255277 for a REF refund.The company stated that it inadvertently omitted the required information in its earlier financial statements. The details of the disclosure, presented as an additional note to the Unaudited Financial Statement for the quarter and nine months ended December 31, 2021, are as follows:Total Secured Non-Convertible Debentures outstanding as of...

Landmarc Leisure Corporation Ltd. Appoints New CFO and Secretarial Auditor Landmarc Leisure Corporation Ltd. announced several key appointments following a board meeting held on March 30, 2026.The company appointed Mr. Vikrant Raju Lad as Chief Financial Officer, effective March 30, 2026. Mr. Lad brings over 13 years of experience in accounting, finance management, and corporate compliance. He has expertise in financial planning, budgeting, taxation, regulatory compliance, and risk management.Additionally, the board appointed Mr. Amit Shiv Hari Jalan, Proprietor of M/s. Amit Jalan & Associates, as the Secretarial Auditor to fill a casual vacancy. Mr. Jalan's firm has two years of experience in secretarial compliances and audits. He...

Retaggio Industries Ltd. Appoints Internal Auditor for Fiscal Year 2025-26 Retaggio Industries Ltd. announced the appointment of Mr. Vinaykumar Kadedeen Yadav as the company’s Internal Auditor for the financial year 2025-26. The decision was approved by the company’s Board of Directors during a meeting held on March 30, 2026.Mr. Yadav holds a Bachelor of Commerce degree and possesses over 10 years of experience in accounting and finance. His expertise includes financial accounting, bookkeeping, internal controls, and regulatory compliance, with specialized knowledge in the jewellery industry, particularly in inventory management and valuation. He has no familial relationship with the company’s directors.Source:

Arihant Capital Markets Receives RBI Approval for Proposed Amalgamation Arihant Capital Markets Limited (ACML) announced today that it has received a No Objection Certificate (NOC) from the Reserve Bank of India (RBI) related to the proposed Scheme of Amalgamation involving Arihant Financial Services Limited (AFSL) and ACML.The amalgamation plan is still contingent upon receiving other applicable regulatory approvals. The ISIN for the scheme is INE420B01036.Mahesh Pancholi, Company Secretary for Arihant Capital Markets Limited, confirmed the receipt of the RBI NOC.Source:

Motor & General Finance Ltd. Completes Sale of Property in New Delhi Motor & General Finance Ltd. announced the execution of a sale agreement for a property located at A-30, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi-110044. The company received the sale consideration amount as part of this transaction.The agreement follows a prior communication dated November 27, 2025, and was authorized by a Board Resolution dated November 12, 2025, granting authority to Sh. Arun Mitter, Executive Director.Motor & General Finance Ltd. is headquartered at M.G.F. House, 4/17-B, Asaf Ali Road, New Delhi-110 002. The company’s stock is traded on the Bombay Stock Exchange under Scrip Code 501343 and on the National Stock Exchange...

Agi Infra Limited Extends Payment Period for Stake in Worldnext Realty LLP Agi Infra Limited announced on March 30, 2026, that its Board of Directors has approved an extension of the payment period for a 60% stake in Worldnext Realty LLP. The extended payment period now runs until December 31, 2026, from the previous deadline of March 31, 2026.Worldnext Realty LLP, with LLPIN AAX-0360, has a fixed capital contribution of Rs. 10,00,000 and reported revenue of Rs. 3,21,42,054 as of March 31, 2025. The company operates in the construction and real estate development industry. The acquisition is intended to expand Agi Infra Limited's business.The total cost of the acquisition is Rs. 30,00,00,000, to be paid through banking channels...

Earkart Ltd. Appoints Internal Auditor for Financial Year 2025-26 Earkart Ltd. announced the appointment of M/s. Arvind Aggarwal & Associates as the Internal Auditor for the Financial Year 2025-26. The decision was approved by the Board of Directors at a meeting held on March 30, 2026, based on a recommendation from the Audit Committee.M/s. Arvind Aggarwal & Associates (FRN: 039062N) is a firm of Chartered Accountants specializing in internal audit, tax consultancy, and related services. The appointment is for a term covering the Financial Year 2025-26.Below is a summary of the key details:DetailInformationInternal AuditorM/s. Arvind Aggarwal & AssociatesReason for AppointmentAppointmentDate of AppointmentMarch 30, 2026...