Markets

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:

Odyssey Corporation Ltd. Acquires Remaining Stake in Odyssey Infrabuild Private Limited Odyssey Corporation Ltd. announced on March 28, 2026, the acquisition of the remaining 20% equity stake in Odyssey Infrabuild Private Limited. This acquisition transforms Odyssey Infrabuild Private Limited into a wholly-owned subsidiary of Odyssey Corporation Ltd.The transaction was carried out at arm's length, with the valuation determined by an independent Registered Valuer.Details of the Acquisition The acquisition involved a cash consideration of Rs. 10,00,00,000. No governmental or regulatory approvals were required for the acquisition.A table summarizing the key details of the acquisition is provided below:DetailInformationName of...

B. P. Capital Ltd. Sets Cut-Off Date for Extraordinary General Meeting B. P. Capital Ltd. announced a cut-off date of Monday, April 13, 2026, for its upcoming Extraordinary General Meeting. The meeting is scheduled for Monday, April 20, 2026, at 10:00 A.M. IST, and will be held at Plot No 138, Roz Ka Meo Industrial Area, Sohna, Mewat, Haryana - 122103.The cut-off date is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. B. P. Capital Ltd. is listed on the Bombay Stock Exchange with Scrip Code 536965.Source:

Bhageria Industries Subsidiary Commissions 7 MW Solar Power Plant Bhageria Industries Limited announced on March 28, 2026, that its wholly-owned subsidiary, Rahuri Cleantech Private Limited, has successfully commissioned a 7 MW Solar Photovoltaic (PV) Power Plant at Bhatkudgaon, Taluka Shevgaon, District Ahilyanagar, Maharashtra.The newly commissioned plant forms part of an aggregate 32 MW capacity project under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0. The plant's installed capacity comprises 3.5 MW each on Bay-I & Bay-II.The project enhances Bhageria Industries' renewable energy portfolio and supports its sustainability initiatives.Here's a summary of the project details:ParticularsDetailsEntity Executing...

Supra Pacific Financial Services Ltd. to Issue Debentures, Shift Registered Office Supra Pacific Financial Services Ltd. announced that a meeting of its Board of Directors is scheduled for April 2, 2026, at 10:30 a.m. at the company's corporate office. Several key matters are on the agenda.The board will approve the issuance of secured, unrated, unlisted, Non-convertible Debentures (NCDs) on a Private Placement Basis, with a potential total amount of 20 Crore. The minimum subscription is set at ₹1 crore per investor.Additionally, the board will vote on shifting the company's Registered Office from its current location at Dreamax Height, Andheri East, Mumbai, to Kanakia Wallstreet, Andheri East, Mumbai.The meeting will also include...

Bandhan Mutual Fund Increases Stake in Amanta Healthcare Ltd. Mumbai – March 28, 2026 – Bandhan Mutual Fund, through its Bandhan Small Cap Fund scheme, has increased its stake in Amanta Healthcare Limited. The acquisition occurred on March 25, 2026, resulting in Bandhan Mutual Fund's holding increasing to 5.0124% of the company’s paid-up capital and voting rights.Prior to the acquisition, Bandhan Mutual Fund held 4.9568% of Amanta Healthcare Limited. The fund acquired 21,603 equity shares, representing an additional 0.0556%.As of March 25, 2026, Bandhan Mutual Fund's total holdings consist of 19,46,279 shares carrying voting rights, representing 5.0124% of the company's total share/voting capital.Amanta Healthcare Limited's equity...

Ajay Anand Acquires Shares in Faze Three Limited Through Open Market Transactions Faze Three Ltd. announced that Ajay Anand, along with persons acting in concert (PAC), acquired shares through open market transactions on March 27, 2026. The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.According to the filing, Ajay Anand acquired 12,600 shares, representing 0.05% of the company's total share/voting capital. The PAC, consisting of Ajay Anand (HUF), Rashmi Anand, Sanjay Anand, Vishnu Anand, Rohina Anand, Instyle Investments Private Limited, Anadry Investments Private Limited, and Mamata Finvest Private Limited, acquired an additional 12,600 shares, also...

Wardwizard Innovations & Mobility Ltd. Promoter Creates Pledge on Shares Wardwizard Innovations & Mobility Limited announced that Yatin Sanjay Gupte, a Promoter of the company, has created a pledge on shares. The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The pledge, executed on March 25, 2026, involves 10,00,000 equity shares. The purpose of the pledge is to secure a shortfall in the margin call as part of a Financing/Credit Facility Agreement. Comfort Fincap Limited is the Pledgee, and Comfort Securities Limited is the lender.Here's a summary of the transaction details:Sr. No.Name of Target CompanyName of PledgeeName LenderNumber of...

High Energy Batteries India Ltd. Reconstitutes Board Committees High Energy Batteries India Ltd. announced the reconstitution of several board committees, effective April 1, 2026. The changes follow the recent re-appointment of Dr. G A Pathanjali as Managing Director, the appointment of Mr. C V Ramana as Nominee Director, and the appointment of Mrs. Jayashree Ajit Shankar as Woman Independent Director, all confirmed through postal ballot voting results released on March 24, 2026. The decisions were approved at a board meeting held on March 28, 2026.Audit Committee The Audit Committee now comprises:Director NamePositionDr. R Subrahmaniya SivamChairmanCmde. Saroj Kumar PatelMemberMrs. Jayashree Ajit ShankarMemberMr. C V...

SPML Infra Ltd. Grants Additional ESOPs to Employees SPML Infra Ltd. announced that its Nomination and Remuneration Committee approved the grant of 108,531 options to eligible employees under the SPML ESOP Scheme 2021 on March 28, 2026. These options will be converted into 108,531 equity shares of the company upon exercise.The announcement was made to the National Stock Exchange (NSE Scrip Code: SPMLINFRA) and the Bombay Stock Exchange (BSE Scrip Code: 500402).Source:

High Energy Batteries India Ltd. Announces Changes to Board of Directors High Energy Batteries India Ltd. announced changes to its board of directors, effective April 1, 2026. Mrs. Lalitha Lakshmanan, whose DIN is 07140032, is stepping down from her role as an Independent Director upon completion of her second five-year term, ending March 31, 2026.To fill this position, the company has appointed Mrs. Jayashree Ajit Shankar, with DIN 08397093, as a Woman Independent Director. Mrs. Shankar will serve a first term of five years, commencing April 1, 2026, and concluding March 31, 2031.According to regulatory filings, Mrs. Shankar’s experience spans over three decades in insurance, personnel management, and corporate strategies. She is...

California Software Company Limited Reports Promoter Shareholding Declaration California Software Company Limited announced that it received a declaration from Mr. Mahalingam Vasudevan, a Promoter of the company, regarding shareholdings as of March 31, 2026.The declaration, submitted in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that there were no new encumbrances on shares of California Software Company Limited, directly or indirectly, during the financial year ended March 31, 2026, beyond those previously disclosed to the stock exchanges.Mr. Mahalingam Vasudevan holds the position of Promoter and Managing Director...

Piramal Finance Limited Announces Resignation of Independent Director Piramal Finance Limited announced on March 28, 2026, the resignation of Mr. Gautam Bhailal Doshi as a Non-Executive Independent Director, effective immediately. The resignation is attributed to personal exigencies.Mr. Doshi’s resignation follows a previous notification issued by the company on March 27, 2026. The company confirmed that there are no other material reasons for the resignation beyond those outlined in Mr. Doshi's resignation letter.Mr. Doshi currently holds directorships and committee memberships in several listed companies, as detailed below:Mr. Doshi’s Directorships and Committee Memberships in Listed CompaniesCompanyDesignationBoard...