Markets

Max India Subsidiary Receives Assessment Order, Files Rectification Application Max India Limited announced on March 30, 2026, that its step-down wholly-owned subsidiary, Antara Purukul Senior Living Limited (APSLL), has received an assessment order from the Income Tax Department for the assessment year 2024-25. The order raises a demand of Rs. 31.53 crore.APSLL believes the demand resulted from mistakes apparent on record, specifically due to the non-consideration of brought-forward losses and other eligible tax attributes. The company anticipates that the tax liability will be NIL after accounting for these factors.APSLL has filed a rectification application with the Income Tax Department to correct the assessment order...

IG Petrochemicals Announces Mechanical Completion of Plasticizer Plant IG Petrochemicals Ltd. announced the mechanical completion of its plasticizer plant on March 30, 2026. The completion was disclosed in a regulatory filing.The company, headquartered in Mumbai, India, operates from its corporate office at Raheja Centre and a registered office in Panaji, Goa. The Scrip Code for IG Petrochemicals Ltd. on the BSE is 500199, and IGPL on the National Stock Exchange.Source:

Aequs Limited Invests Further in Subsidiary Aequs Consumer Products Private Limited Aequs Limited announced a further investment in its wholly-owned subsidiary, Aequs Consumer Products Private Limited (ACPPL), through a rights issue on March 30, 2026. The investment is being utilized to meet ACPPL’s working capital and other business/operational requirements, aligning with the company's IPO prospectus from December 5, 2025.Subsidiary Details and Investment As of March 31, 2025, ACPPL reported a turnover of INR 15.81 crore, a loss after tax of INR 12.53 crore, and a networth of INR 242.12 crore. ACPPL is engaged in the manufacturing of consumer products including electronic/digital devices/electrical components and parts.The company...

City Union Bank Limited Expands Network with Seven New Branches City Union Bank Limited announced the opening of seven new branches on March 30, 2026. As a result of this expansion, the bank now operates a total of 949 branches.The newly opened branches are located in the following areas: Hyderabad, Rayapuram, Pallipattu, Madavakurichi, Seethaparpanallur, Avudayarparai, and Enathimangalam.Below is a table detailing the new branches, their branch numbers, CBS codes, and addresses:Sl. No.NAME OF THE BRANCHBRANCH NO.CBS CodeADDRESS1Hyderabad - L.B. Nagar943009483-LL L2Ll2lGF, Road No.1, Hyma Shekar's Fortuna, RTC Colony, L.B. Nagar Circle, Saroornagar, Hyderabad - 500074, Telangana.2Rayapuram94400949S. No. 392/4A & 392148...

Transrail Lighting Limited Concludes Search and Seizure Operations Transrail Lighting Limited announced the conclusion of search and seizure proceedings on March 28, 2026, following operations initiated earlier in March. The company stated that its officers and executives fully cooperated with the Income Tax Department, providing all requested documents and information.According to the company, the proceedings have not impacted its operations, and business activities are continuing as usual. Transrail Lighting Limited emphasized its commitment to maintaining high standards of integrity, corporate governance, and compliance with the Income Tax Act.As of the date of the announcement, the company has not received any ad-interim or...

Bank of India Redeems 9.30% Additional Tier I Bonds Series VII Bank of India announced the redemption of its 9.30% BOI Additional Tier I Bonds Series VII (ISIN No.INE084A08144) on March 30, 2026. The redemption, totaling Rs. 602 crores, was executed following the bank’s exercise of a call option.According to a regulatory filing, the full redemption involved 6020 bonds. Bondholders received the principal amount along with broken period interest of Rs. 55,67,92,268. The outstanding amount on the bonds is now nil. The last interest payment was made on April 2, 2025.ParticularsDetailsISININE084A08144Type of redemptionFullReason for redemptionCall Option ExercisedRedemption date30.03.2026Amount redeemedRs. 602 crores...

Oriental Aromatics Ltd. Receives Show Cause Notice from Income Tax Department Oriental Aromatics Ltd. announced that it received a Show Cause Notice from the Office of the Assistant Commissioner of Income Tax Circle 1(1)(1), Vadodara, on March 29, 2026. The notice, bearing reference number ITBA/AST/F/148A (SCN)_1/2025-26/1088064009(1), pertains to proceedings under Section 148A of the Income Tax Act of 1961.According to the Income Tax Department, income amounting to ₹ 1,36,76,65,149, (of which ₹ 1,25,80,23,649 is still under verification) may have escaped assessment. The notice requests Oriental Aromatics to provide reasons why a notice should not be issued under Section 148 of the Income Tax Act, 1961.The notice relates to...

Globe Civil Projects Limited Receives Income Tax Demand Notice Globe Civil Projects Limited announced today, March 30, 2026, that it has received a notice of demand under Section 156 of the Income Tax Act, 1961, from the office of the Dy. Commissioner of Income Tax Central Circle-27, Delhi. The demand pertains to the Assessment Year 2018-19 and totals Rs. 80,19,790.The company is currently analyzing the order and intends to file an appeal with the Deputy Commissioner (Appeals) of Income-tax/ Commissioner of Income Tax (Appeals)-29, New Delhi. Globe Civil Projects Limited stated that the penalty is not expected to have a material impact on the company's financials, operations, or other activities.The order was dated March 27, 2026...

Yash Chemex Ltd. Announces Departure of Independent Director Yash Chemex Ltd. announced that Jinal Dineshbhai Shah, a Non-Executive Independent Director, retired from the company's board on March 29, 2026. Shah's departure is due to the completion of her second consecutive term as an Independent Director.Following the change, Yash Chemex Ltd.'s board now comprises: Pritesh Yashwantlal Shah (Managing Director), Dimple Priteshkumar Shah (Whole-Time Director), Rushabh Anilkumar Shah (Non-Executive Independent Director), Angee Rajendrakumar Shah (Non-Executive Independent Director), Dhanik Jayeshkumar Mehta (Non-Executive Independent Director), and Bhaveshkumar Rajnikant Shah (Non-Executive Independent Director).Current Board...

Haleos Labs Ltd. Updates Contact Information and Name Change Haleos Labs Ltd. (formerly SMS Lifesciences India Limited) announced updates to its official contact details on March 30, 2026. The changes, effective immediately, include a new email ID and website address.Shareholders will now be able to reach the company via info@haleoslabs.com and cs@haleoslabs.com. The company’s website is now www.haleoslabs.com.These updates are a result of the company’s recent name change and have been implemented across all official communications and disclosures.Haleos Labs Ltd. dispatched a communication to its physical shareholders on March 30, 2026, informing them of these changes. The company’s stock trades on the BSE under the scrip code...

Tijaria Polypipes Limited Proposes One-Time Settlement with Bank of India Jaipur, March 30, 2026 – Tijaria Polypipes Limited has submitted a comprehensive one-time settlement (OTS) proposal to Bank of India, aiming to resolve outstanding liabilities. The proposal, dated March 23, 2026, follows discussions with Bank of India's management at their Mumbai office on March 13, 2026.Tijaria Polypipes Limited is proposing a settlement of Rs. 53,67,00,000/- (Rupees Fifty-Three Crore and Sixty-Seven Only) to cover all outstanding liabilities. The company has already deposited Rs. 12.00 Crore with the bank and is making an upfront payment of Rs. 5.37 Crore.The proposal outlines the following key elements:Realizable Value Assessment: The...

Solarworld Energy Solutions Limited Receives BESS EPC Contract from NTPC Solarworld Energy Solutions Limited has been awarded a contract by NTPC Limited for the Engineering, Procurement, and Construction (EPC) of a Battery Energy Storage System (BESS). The project, part of NTPC’s ‘BESS Implementation at NTPC Thermal Power Stations (Lot-2)’ initiative, is located at the Feroze Gandhi Unchahar Thermal Power Station.The contract, awarded on March 30, 2026, involves a BESS with an award capacity of 50 MW/100 MWh. The value of the contract is approximately INR 108.22 crore (excluding taxes). The project is expected to be completed within 15 months.According to the terms of the award, Solarworld Energy Solutions Limited will handle the...

Jigar Cables Ltd. Begins Production at New Manufacturing Facility Jigar Cables Limited has commenced commercial production of conductors, a key component for MVCC (Medium Voltage Cable) and HT (High Tension) cables, at its new manufacturing unit, effective March 30, 2026. The facility is located at Plot No. 164/14 & 15, Jamwadi GIDC - 2 Gondal, Rajkot, Gujarat.The company previously announced the planned commencement of production at the new unit on December 31, 2025.Full-scale commercial production of MVCC and HT cables is anticipated to begin within the next two to three months, pending ongoing operational stabilization and completion of remaining production processes.Ramnik P. Vaghasiya, Whole-Time Director of Jigar Cables...

Solarworld Energy Solutions Limited Receives BESS EPC Contract from NTPC Solarworld Energy Solutions Limited announced March 30, 2026, that it has been awarded an Engineering, Procurement, and Construction (EPC) package for a Battery Energy Storage System (BESS) at the Solapur Super Thermal Power Station (Lot-2). The contract was awarded by NTPC Limited.The project, involving BESS implementation at an NTPC Thermal Power Station, has an award capacity of 75 MW/150 MWh. The value of the contract is approximately INR 176.91 crore (excluding taxes). Completion of the facilities is expected within 15 months.ParticularsDetailsAwarding EntityNTPC Limited (Formerly National Thermal Power Corporation Limited)Project ScopeBESS...

Rain Industries Schedules Board Meeting to Review First Quarter Results Rain Industries Ltd. announced that a meeting of its Board of Directors is scheduled for Friday, May 8, 2026, at the company's registered office in Hyderabad, Telangana. The meeting’s primary agenda is to approve the unaudited financial results for the first quarter ended March 31, 2026, encompassing standalone, consolidated, and segment results.In compliance with the SEBI (Prohibition of Insider Trading) Regulations of 2015 and the company’s internal code, the trading window for Rain Industries Ltd. shares will be closed from April 1, 2026, to May 12, 2026, inclusive. The company’s stock trades under the scrip code 500339 on the BSE and RAIN on the NSE.Source:

Life Insurance Corporation of India Announces Superannuation of Senior Management Personnel Life Insurance Corporation of India (LIC) announced the superannuation of three senior management personnel, effective March 31, 2026. The officials will be relieved from their duties at the close of office hours on March 30, 2026, which marks their last working day.The following officials are set to retire:S. No.Name of the officialDesignation1Shri Subhash ChanderDirector, Zonal Training Centre, Agra2Smt Geeta PrabhakaranExecutive Director (Subsidiaries), Mumbai3Shri Chilaka Venkata RamanaExecutive Director (New Business & Reinsurance/Health Insurance), MumbaiThe changes have been noted and will be disseminated accordingly...

IndusInd Bank Responds to News Report on SFIO Investigation IndusInd Bank Ltd. clarified its position regarding a news item published on economictimes.com on March 30, 2026, concerning an investigation by the Serious Fraud Investigation Office (SFIO).The bank previously disclosed on December 18, 2025, that matters related to the accounting of internal derivative trades, unsubstantiated balances in 'other assets' and 'other liabilities' accounts, and micro finance interest/fee income were reported to the SFIO on June 2, 2025. The SFIO had engaged in telephonic discussions with bank officials at the time and was awaiting written communication.Subsequently, on December 24, 2025, IndusInd Bank received a letter from the SFIO initiating...

Garware Hi-Tech Films Limited Board Approves Revised Policies Garware Hi-Tech Films Limited announced on March 30, 2026, that its Board of Directors adopted several revised policies and new policies during a meeting held that day.The approved policies include a revised Policy on Related Party Transactions, a Policy for Determination of Material Event, and a Company's Code of Conduct for Fair Disclosure and Prevention of Insider Trading. The Board also approved a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, a Policy for Determination of Legitimate Purposes, and a Policy for Inquiry in case of Leak of Unpublished Price Sensitive Information.Further policies approved by the Board are...

Seamec Limited Announces Deployment of Vessel 'Samudra Sevak' Mumbai – March 30, 2026 – Seamec Limited announced the deployment of the vessel 'Samudra Sevak' on a hired basis. The company received information regarding the deployment on March 29, 2026, at 02:21 hours.This update follows a prior notification issued on March 13, 2026, regarding the potential hiring of the vessel. The vessel is now confirmed to be on hire.Scrip Code: 526807 Trading Symbol: SEAMECLTDSource:

Piramal Finance Completes Sale of Shriram Life Insurance Stake for Rs. 600 Crores Piramal Finance Ltd. has finalized the sale of its entire equity stake in Shriram Life Insurance Company Limited to Sanlam Emerging Markets (Mauritius) Limited. The transaction, initially announced on December 19, 2025, concluded on March 30, 2026, with the receipt of Rs. 600 crores.The completion follows the acquisition of necessary regulatory approvals.Source: