Markets

Jubilant FoodWorks Limited Reports Supply Constraints Due to Middle East Geopolitical Situation Jubilant FoodWorks Limited, a Jubilant Bhartia Company, announced on March 28, 2026, that supply constraints on commercial LPG are impacting distribution across India due to the ongoing geopolitical situation in the Middle East. The constraints have affected LPG cylinder supply to parts of the company’s store network.According to the company, the operational impact is currently limited and is being actively managed. Jubilant FoodWorks is implementing measures to conserve LPG and transition to alternative energy sources, including electricity and piped natural gas (PNG). The company is maintaining ongoing communication with oil marketing...

ADF Foods Ltd. Commences Commercial Production at New Surat Facility ADF Foods Ltd. announced the commencement of commercial production at its new Greenfield manufacturing facility located in Gujarat Agro Infrastructure Mega Food Park, Mangrol, Surat, on Saturday, March 28, 2026.The facility, established within the Gujarat Agro Infrastructure Mega Food Park, has a potential installed capacity of 10,000 metric tons per annum. The company has invested approximately Rs. 90 crore in Phase 1 of the project.The new manufacturing facility is designed to serve both international and domestic markets. Management stated that the facility is expected to enhance the company's production capabilities, improve operational efficiencies, and...

RailTel Corporation of India Ltd. Secures Order from Mumbai Port Authority RailTel Corporation of India Ltd. announced it has received a Letter of Acceptance (LoA) from the Mumbai Port Authority. The order involves the System Integration, Testing, Commissioning and Operations & Maintenance (SITC & O&M) of a Hospital Management Information System (HMIS) for the Port Authority’s hospital and dispensaries.The contract spans a period of five years from the Go-Live date. The estimated size of the order, excluding tax, is Rs. 13,03,79,234. The work is expected to be completed by July 26, 2031.The Mumbai Port Authority awarded the contract domestically, and neither the company nor its promoter group has any interest in the awarding entity...

Oswal Pumps Ltd. Approves Corporate Guarantees for Subsidiary Oswal Pumps Ltd. announced on March 28, 2026, that its Board of Directors has approved the issuance of corporate guarantees for its wholly-owned material subsidiary, Oswal Solar Energy Private Limited.The Board approved a corporate guarantee of up to Rs. 86,16,00,000 for credit facilities being availed by Oswal Solar Energy Private Limited from the State Bank of India. Additionally, a corporate guarantee of up to Rs. 50,00,00,000 was approved to secure credit facilities from Yes Bank Limited.The Board meeting commenced at 3:20 PM and concluded at 4:00 PM.The corporate guarantees represent a contingent liability for Oswal Pumps Limited. Oswal Solar Energy Private Limited...

Dev Labtech Venture Ltd. Secures ₹744.22 Crore Term Loan from SIDBI Dev Labtech Venture Limited announced that it has executed an agreement with the Small Industries Development Bank of India (SIDBI) on March 27, 2026, for a term loan cum hypothecation facility. The total amount of the term loan is ₹744.22 crore (Rupees Seven Crore Forty Four Lakh Twenty Two Thousand Only).The agreement stipulates an interest rate of 8.5% per annum, with a loan tenure of 66 months including a 6-month moratorium period.Security provided for the loan includes a first charge by way of hypothecation on the company's movable properties located at Plot No 53, 54, 1st Floor, Thakordwar Society, Mini Bazar, Varachha Road, Surat, Gujarat. Additionally, SIDBI...

NTPC Green Energy Announces Commercial Operation of Bhadla Solar Project Capacity NTPC Green Energy Limited, a subsidiary of NTPC Limited, announced the commencement of commercial operation for a portion of its Bhadla Solar PV Project. The third and final part of the project, representing a capacity of 75 MW, began operations on March 25, 2026, according to a certificate received from Rajasthan Renewable Energy Corporation Limited (RREC).The Bhadla Solar PV Project, located in Phalodi, Rajasthan, was developed by NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Green Energy Limited. The total capacity of the project is 500 MW.As a result of this development, the current commercial capacity of the NTPC Green Energy...

Narmada Agrobase Ltd. Appoints New Internal Auditor Narmada Agrobase Ltd. announced changes to its internal audit team on March 28, 2026. M/s. Rajesh Bhati & Associates resigned from the position of Internal Auditor, effective March 28, 2026. Simultaneously, M/s. Hanish Agrawal & Associates (FRN No: 158023W) was appointed as the company’s Internal Auditor, also effective March 28, 2026.According to the company, Rajesh Bhati’s resignation was due to pre-occupation and other personal commitments.The appointment of M/s. Hanish Agrawal & Associates is intended to comply with the Companies Act, 2013 and the requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Hanish Rameshbhai Agrawal brings...

Tunwal E-Motors Limited Announces Resignation of Company Secretary Tunwal E-Motors Limited announced that Ms. Niharika Choudhary, Whole Time Company Secretary & Compliance Officer, has resigned from her position, effective March 27, 2026. Ms. Choudhary’s departure is to pursue other career opportunities.The company expressed gratitude for Ms. Choudhary's service and wished her success in future endeavors. Her tenure with the company began on January 1, 2025.According to a resignation letter, Ms. Choudhary confirmed that there are no material reasons for her resignation beyond the pursuit of new career opportunities.Riya Lunkad, Chief Financial Officer, confirmed the resignation.Source:

Nuvoco Vistas Corp. Ltd. Receives Order Regarding Show Cause Notice Nuvoco Vistas Corporation Ltd. announced today, March 28, 2026, that the Joint Commissioner, CGST & Central Excise, Raipur, has passed an order concerning a show cause notice issued to the company. The notice relates to the period spanning from fiscal year 2019-20 to September 2024 of fiscal year 2024-25.The adjudicating authority partially accepted the company’s contentions while reiterating allegations regarding invoicing by Carrying and Forwarding Agents (C&FAs) appointed by Nuvoco, alleging the invoices were issued without a corresponding supply of cement. The authority based the order on assumptions of inadequate supply by C&FAs due to typographical errors in...

Urban Company's InstaHelp Reaches 1 Million Monthly Bookings Gurugram, March 28, 2026 – Urban Company Limited announced today that its quick-service housekeeping vertical, InstaHelp, has surpassed 1 million monthly delivered bookings with 3 days remaining in March.The milestone follows the reporting of over 50,000 daily orders in February, identifying InstaHelp as the fastest-growing business unit in Urban Company's history.InstaHelp is currently available in Mumbai, Bengaluru, Delhi NCR, Hyderabad, and Pune. The vertical provides consumers with high-quality housekeeping services including cleaning, dishwashing, laundry, and meal preparation, with service initiation within 10-15 minutes of booking.“InstaHelp’s trajectory is a...

Aeroflex Enterprises Limited Receives Order from Income Tax Department Aeroflex Enterprises Limited announced today, March 28, 2026, that it received an order from the Assessment Unit of the Income Tax Department. The order, dated March 24, 2026, raises a demand of Rs. 19,85,543/- related to under-reported income for the assessment year 2023-24.The company intends to file an appeal before the Appellate Authority and anticipates a favorable outcome. Aeroflex Enterprises Limited does not expect the order to have a material financial impact.The company acknowledged a delay in disclosing the order, attributing it to the time required for review outside of normal business hours and a public holiday on March 26, 2026.Source:

Dhansa Labs Limited Secures Loan and Announces Strategic Agreements for CBG Production Dhansa Labs Limited, formerly known as Ambey Laboratories Limited, announced it has received a loan sanction letter from PTC India Financial Services Limited for a sum of 84.82 Crores. The loan is intended to support a Compressed Bio-Gas (CBG) plant with a total project outlay of 120 Crores. The loan has a repayment tenure of 13 years.The company also revealed a strategic tripartite agreement involving its wholly owned subsidiary, Dhansa Green Energy Private Limited, alongside GAIL (India) Limited and Torrent Gas Ltd. This agreement establishes a long-term framework for the guaranteed sale and distribution of CBG produced at the subsidiary’s new...

Sanofi India Receives Assessment Order from Income Tax Department Sanofi India Limited announced receipt of a final assessment order from the Assessment Unit of the Income Tax Department on March 27, 2026. The order pertains to the financial year 2022-23 (Assessment Year 2023-24) and determines a tax liability of INR 12,36,99,710, inclusive of interest.The assessment order includes adjustments related to transfer pricing issues and disallowances for payments made to healthcare professionals.Sanofi India intends to appeal the adjustments and disallowances to higher tax authorities. The company anticipates the matter will impact its financial activities.Source:

Digilogic Systems Limited Receives Show Cause Notices from Registrar of Companies Digilogic Systems Limited announced today, March 28, 2026, that it has received Show Cause Notices (SCN) from the Registrar of Companies, Telangana, for E-Adjudication concerning defaults under Section 42(10) of the Companies Act, 2013.The company previously filed Adjudication Applications in December 2025, addressing procedural lapses identified during three private placements conducted in fiscal year 2024-25. These applications were disclosed as a risk factor in the company’s Red Herring Prospectus (RHP).Details regarding the notices are summarized below:AuthorityThe Registrar of Companies, TelanganaNature of ActionShow Cause Notices for...

IFB Industries Limited Announces Managing Director’s Retirement IFB Industries Limited announced on March 28, 2026, that Mr. Panamanna Hariharan Narayanan, Managing Director, will retire from his position effective April 1, 2026. Mr. Narayanan submitted his resignation via email on March 27, 2026, citing personal commitments as the reason for his departure. He served in the role for 2.5 years.The company detailed the resignation in a filing, referencing SEBI regulations and a Master Circular dated November 11, 2024.A brief summary of the resignation details is presented below:ParticularsDetailsReason for ChangeResignation/RetirementDate of cessationApril 1, 2026Source:

Titagarh Rail Systems Secures Wagon Order from JSW Port Logistics Titagarh Rail Systems Limited announced it has received a Letter of Intent from JSW Port Logistics Private Limited for the manufacture and supply of 720 wagons. The order, valued at ₹226.35 Crores (exclusive of G.S.T), represents a significant addition to the company’s order book.According to the Letter of Intent, the contract period is expected to be 6 months from the effective date or commencement of work, subject to final agreement/purchase order. The wagons will be manufactured and supplied as per mutually agreed technical specifications.The order was awarded by a domestic entity, and neither the Promoter/Promoter Group/Group Companies have any interest in JSW...

IFB Industries Appoints Arup Das as Additional Executive Director IFB Industries Limited announced the appointment of Arup Das as an Additional Director, categorized as an Executive Director, effective March 28, 2026. The decision was approved by the Board of Directors at a meeting held on that date.Mr. Das, aged approximately 64, holds a B.Sc. from Calcutta University, a bachelor of Engineering from AMIE, and a PGDBM from IBMR. He brings over 38 years of experience in marketing, sales, project management, and general management, having been with IFB since 1992. He previously held leadership roles in the Engineering Division, including Head of departments for functions such as heat treatment, new product development, supply chain...

JK Paper Limited Receives Appellate Order Regarding Income Tax Assessment JK Paper Limited announced it received an Appellate Order from the Commissioner of Income Tax (Appeals), Ahmedabad, on March 27, 2026. The order pertains to the assessment year 2022-23 and follows an earlier assessment order from the Income Tax Officer.Previously, the Income Tax Officer had made additions to the company's income, resulting in an aggregate demand of Rs. 49.53 crore, including Rs. 15.19 crore in interest. JK Paper Limited had appealed this assessment.The Commissioner of Income Tax (Appeals) has now deleted the additions made to the company’s income by the Income Tax Officer. Consequently, the demand of Rs. 49.53 crore (including interest of Rs...

Ponni Sugars (Erode) Limited Receives Order Regarding Transfer Pricing Ponni Sugars (Erode) Limited announced on March 28, 2026, that it received an order from the Commissioner of Income Tax (Transfer Pricing) (CIT-TP) in Chennai on March 27, 2026. The order directs the Transfer Pricing Officer (TPO) to revise a previous order concerning Assessment Year 2021-22.The CIT-TP has set aside the determination of the Arm's Length Price (ALP) related to the inter-unit transfer of bagasse from the sugar unit to the co-generation unit, instructing the TPO to reassess and issue a revised order after applying the correct legal framework and providing an opportunity for the company to be heard.Ponni Sugars (Erode) Limited maintains that its...

Century Enka Limited Announces Leadership Change Century Enka Limited announced on March 28, 2026, a change in its senior management. Dr. Partheban Manoharan has resigned from his position as Head - CTS and Quality Assurance.According to a communication, Dr. Manoharan is pursuing personal interests and will observe the notice period until July 2026.Information regarding the change, as stipulated by SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023, was previously submitted on March 24, 2026.Source: