Markets

Amit International Ltd. Appoints New Independent Director Amit International Ltd. announced the proposed appointment of Mr. Narany Ramesh Vishawkarma as an Additional Independent Director. The decision was made by the Board of Directors on March 28, 2026.Mr. Vishawkarma’s Director Identification Number (DIN) is 10415280.The appointment will be subject to shareholder approval at a forthcoming meeting. The Board also noted the possibility of other business matters requiring the Chairperson's permission.Source:

AU Small Finance Bank Announces Departure of Independent Director AU Small Finance Bank Limited announced on March 29, 2026, the departure of Ms. Kavita Venugopal from its board of directors. Ms. Venugopal, whose Director Identification Number is 07551521, concluded her tenure as an Independent Director with effect from the close of business hours on March 28, 2026.The bank expressed its appreciation for Ms. Venugopal’s contributions during her time on the board and extended its gratitude for her future endeavors.Details Regarding DepartureParticularsDetailsNameMs. Kavita VenugopalReason for changeCompletion of tenureDate of CessationMarch 28, 2026Source:

TVS Holdings Ltd. Increases Stake in Home Credit India Finance TVS Holdings Ltd. announced on March 28, 2026, that it has subscribed to and been allotted an additional 229,139,017 equity shares of ₹10/- each in Home Credit India Finance Private Limited (HCIFPL), a subsidiary of the company. The aggregate cost of this investment exceeds the materiality threshold specified under SEBI regulations.HCIFPL is a non-deposit-taking non-banking financial company registered with the Reserve Bank of India (RBI), engaged in providing loans to the retail segment. During the fiscal year 2024-25, HCIFPL generated a turnover of ₹2,096.54 Crores, reported a loss after tax of ₹530.04 Crores, and had a net-worth of ₹1,583.04 Crores.The additional...

Som Distilleries and Breweries Provides Update on License Suspension Som Distilleries and Breweries Limited announced on March 28, 2026, that the suspension of its license remains unchanged since a February 5, 2026, press release. The company is actively working to resolve the issue.A petition seeking validation of the license was not favorably considered by the Single Bench of the Madhya Pradesh High Court on March 23, 2026. Subsequently, on March 24, 2026, the Double Bench of the Madhya Pradesh High Court granted relief, permitting an associate company to participate in the country liquor tender process. A final order in the matter is pending.Som Distilleries and Breweries Limited is committed to keeping stakeholders informed, and...

AVG Logistics Ltd. to Consider Fundraising on April 6, 2026 AVG Logistics Ltd. announced that a meeting of its Board of Directors is scheduled for Monday, April 6, 2026. The primary agenda for the meeting includes a proposal to raise funds through the issuance of one or more instruments.These instruments may include Equity Shares, Convertible Warrants, or other Securities. The company is considering various methods for raising capital, such as a Right Issue, Preferential Issue, Private Placements, or a combination thereof, subject to applicable laws and regulatory approvals.Further details regarding the fundraising initiative will be available on the company’s website at avglogistics.com.BSE Scrip Code: 543910; NSE Symbol: AVG...

Ritesh Vijay Vakil Resigns as Managing Director of Bharatam Ventures Limited Mumbai – March 28, 2026 – Bharatam Ventures Limited, formerly known as Pet Plastics Limited, announced the resignation of Executive Managing Director, Ritesh Vijay Vakil, effective March 28, 2026. The resignation stems from a change in the company’s control.The Board of Directors considered and approved Vakil’s resignation during a meeting held on March 28, 2026, which commenced at 1:00 PM and concluded at 8:00 PM.A summary of the resignation details is presented below:ParticularsInformationName of Director / Nature of DirectorshipMr. Ritesh Vijay Vakil (DIN: 00153325), Executive Director, Managing DirectorReason for ChangeResignation due to...

Magnus Steel and Infra Ltd. Appoints New Directors and Changes Designation Magnus Steel and Infra Ltd. announced several changes to its board of directors on March 28, 2026. The changes were approved at a board meeting held on that date.Mr. Chinmay Pradhan has been appointed as Managing Director, effective March 28, 2026, subject to member approval. Mr. Prakash Salve has been appointed as an Additional Executive Director, also effective March 28, 2026, and subject to member approval. Mrs. Krutika Shah has been appointed as an Additional Non-Executive Independent Director, effective March 28, 2026, pending member approval.Additionally, Mr. Karronn Bajaj’s designation has changed from Managing Director to Non-Executive Director...

HFCL Limited Issues Corporate Guarantee for Subsidiary HTL Limited HFCL Limited announced on March 28, 2026, that it has provided a corporate guarantee of Rs. 30 Crore in favor of Axis Finance Limited. The guarantee secures a rupee term loan facility for HTL Limited, a subsidiary of HFCL.HTL Limited, in which HFCL holds a 74% stake with the remaining 26% owned by the Government of India, manufactures Optical Fiber Cables (OFC) and provides passive connectivity solutions. Additionally, HTL manufactures raw materials for OFC and provides electrical wiring interconnect solutions for the aerospace, defense, automotive, and industrial sectors.The corporate guarantee will be disclosed as a contingent liability in HFCL's financial...

Baron Infotech Limited Schedules Committee of Creditors Meeting Baron Infotech Limited announced that a meeting of the Committee of Creditors (CoC) is scheduled for Thursday, April 2, 2026, at 16:00 hours (IST).The meeting will focus on analyzing, evaluating, and negotiating resolution plans received within the Corporate Insolvency Resolution Process (CIRP) of the company, alongside other related matters.The meeting of the Committee of Creditors represents 21% of the total membership.Baron Infotech Limited's stock trading symbol is 532336 on the BSE Limited.Source:

Utkarsh Small Finance Bank Shareholder Meeting Approves Amalgamation Scheme Utkarsh Small Finance Bank Limited held a meeting of equity shareholders on Saturday, March 28, 2026, at 12:30 p.m. (IST) via video conferencing. The meeting was convened pursuant to an order from the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj, dated February 11, 2026, concerning the Scheme of Amalgamation between Utkarsh CoreInvest Limited and Utkarsh Small Finance Bank Limited.According to attendance records, 43 members were present at the meeting. Dr. Santosh Kumari, appointed by the NCLT, chaired the meeting, with Mr. Anant Prakash serving as the Alternate Chairperson. Other attendees included Dr. Kshatrapati Shivaji, Mr. Ajay Kumar...

Emerald Finance Ltd. Partners with Embee Financial Services to Offer Early-Wage-Access Program Emerald Finance Ltd. has announced a partnership with Embee Financial Services Limited, based in Chandigarh, to introduce an Early-Wage-Access program for its employees. The initiative will enable employees to access portions of their salaries throughout the month, providing them with financial flexibility.The company has been developing a salary advance solution as part of its strategy to expand offerings and serve retail customers. The program involves providing short-term salary advances, with repayment collected through salary deductions.Amarjeet Kaur, Company Secretary cum Compliance Officer for Emerald Finance Limited, confirmed the...

Inox Green Energy Services Limited Discloses Insider Trading Non-Compliance Inox Green Energy Services Limited reported a violation of its Insider Trading Regulations on March 28, 2026. The disclosure, made in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, pertains to non-compliance by Designated Person Shri BrijMohan Bansal, an Independent Director.According to the report, Bansal executed a contra trade involving Equity Shares of Inox Green Energy Services Ltd. (BSE Code: 543667, NSE Scrip: INOXGREEN) in violation of the company’s Code of Conduct.The company issued a warning letter to Bansal, advising caution and compliance with the SEBI (PIT) Regulations and the company's Code. The company noted that the...

India Cements Completes Amalgamation of Subsidiaries India Cements Limited has finalized the amalgamation of its wholly-owned subsidiaries, ICL Financial Services Limited (ICLFSL), ICL International Limited (ICLIL), ICL Securities Limited (ICLSL), and India Cements Infrastructures Limited (ICIL). The amalgamation was approved by the National Company Law Tribunal (NCLT) in Chennai and became effective on March 28, 2026.The scheme of amalgamation, initially communicated on March 13, 2026, transfers all assets and liabilities of the four subsidiary companies to India Cements Limited from January 1, 2025, the designated appointed date. As a result of the amalgamation, ICLFSL, ICLIL, ICLSL, and ICIL have been dissolved without winding up...

PG Electroplast Limited Receives Incentive Disbursement Approval Under PLI Scheme PG Electroplast Limited announced on March 28, 2026, that its wholly-owned subsidiary, PG Technoplast Private Limited, has received approval for the disbursement of the third tranche of incentive under the Production Linked Incentive (PLI) Scheme for White Goods.The approval, communicated via a sanction letter dated March 27, 2026, from IFCI Limited, a Government of India undertaking, pertains to a claim for the Determined Sales Value of fiscal year 2024-25. The incentive is for manufacturing Air Conditioners, LED Lights, Motors and Display Panels (LCD/LED).PG Technoplast Private Limited has been sanctioned a payment of Rs. 37,50,00,000 (Rupees...

Eraaya Lifespaces Limited Appoints New Leadership and Restructures Governance Framework Eraaya Lifespaces Limited announced several changes to its leadership and governance framework on March 28, 2026. The changes were approved by the Board of Directors at a meeting held on that date.Mr. Sushil Gupta has been appointed as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the company. Mr. Ashish Sharma has been appointed as Chief Financial Officer (CFO) and KMP. The current CFO will step down from the position, continuing with the company in other roles.The company also approved the creation of senior management positions to strengthen governance, compliance, and risk oversight, and authorized management to identify...

IIRM Holdings India Ltd. Board Approves Corporate Guarantee, Asset Sale Proposal IIRM Holdings India Limited (formerly Sudev Industries Limited) announced on March 28, 2026, that its Board of Directors approved a corporate guarantee for a material wholly-owned subsidiary, India Insure Risk Management and Insurance Broking Services Private Limited. The board meeting commenced at 6:00 p.m. and concluded at 6:15 p.m.The corporate guarantee, amounting to Rs. 65 crores, serves as security for the issuance of Non-Convertible Debentures (NCDs) by India Insure. The guarantee is valid for a period of four years from the date of the first disbursement. According to company disclosures, the transaction is at arm’s length and does not involve any...

Nivee Holdings Acquires 4,000 Shares in Rain Industries Ltd. Rain Industries Ltd. announced that it received a disclosure from Nivee Holdings Private Limited, a promoter group entity, regarding the acquisition of shares on March 27, 2026, from the open market.Nivee Holdings acquired 4,000 equity shares, representing 0.0012% of the company’s outstanding shares. This acquisition increased Nivee Holdings’ total shareholding to 8,627,250 shares, which constitutes 2.56% of the company’s total share capital.Prior to the acquisition, Nivee Holdings held 8,623,250 shares, or 2.56% of Rain Industries Ltd. The company’s total equity share capital before and after the acquisition was 33,63,45,679 shares of Rs. 2 each.Shareholding Details of...

Ramky Infrastructure Ltd. Approves Sale of Shares in Visakha Pharmacity Limited Hyderabad, March 28, 2026 – Ramky Infrastructure Ltd. announced that its Board of Directors approved the sale of shares held in Visakha Pharmacity Limited (VPCL) to Brij Gopal Construction Company Private Limited (BGCCPL) during a meeting held on March 28, 2026. The meeting commenced at 5:45 PM and concluded at 6:15 PM.The decision to sell the shares aligns with an approval previously granted by shareholders through a postal ballot notice dated December 27, 2023, with results announced on January 28, 2024.The Managing Director and the Chief Financial Officer have been jointly authorized to finalize and execute the Share Purchase Agreement (SPA) terms and...

Shradha AI Technologies Divests Stake in Moodscope AI Private Limited Nagpur – March 28, 2026 – Shradha AI Technologies Limited (formerly Shradha Industries Limited) announced the divestment of its 45.00% equity shareholding in Moodscope AI Private Limited (CIN: U58201MH2024PTC435978) on March 28, 2026.The divestment was a follow-up to a prior communication dated February 7, 2026, regarding the outcome of the company’s fourth Board Meeting of FY 2025-26. As a result of the sale, Moodscope AI Private Limited is no longer considered a subsidiary of Shradha AI Technologies Limited, effective March 28, 2026, in accordance with Section 2(87) of the Companies Act, 2013.The aggregate consideration received for the divestment totaled ₹...

TVS Motor Company Launches Apache RTR 310 in Morocco, Marking Entry into Africa’s Premium Motorcycle Market TVS Motor Company officially launched the TVS Apache RTR 310 in Morocco on March 28, 2026, marking a significant step for the brand in the African market. The launch positions TVS at the forefront of Morocco’s rapidly maturing premium performance segment.“As the first African market where it is being launched, TVS Apache RTR 310's launch in Morocco marks a significant step in the brand's journey," said Mr. Rahul Nayak, Senior Vice President - International Business, TVS Motor Company. "Built on our 'Track to Road' philosophy, the Apache RTR 310 carries 40 years of racing DNA into a machine that will redefine what premium means...