Markets

Thermax Wins Rs. 1,600 Crore Boiler Package Order for Ultra-Supercritical Power Plant Pune, March 27, 2026 – Thermax announced today that Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), a wholly owned subsidiary, has secured a significant boiler package supply order valued at approximately Rs. 1,600 crore. The order is from a leading thermal power projects company in Central India for a 1x800 MW ultra-supercritical thermal power plant.The project scope encompasses manufacturing, supply, supervision of installation and commissioning, and performance testing of the boiler package. Execution will follow the project milestones and delivery schedules outlined in the contract.“This order marks a significant breakthrough for...

Hindustan Petroleum Corporation Limited Announces Changes to its Board of Directors Hindustan Petroleum Corporation Limited (HPCL) announced changes to its board of directors, effective March 28, 2026. The changes follow the completion of tenure for two independent directors.Shri Bechan Lal (DIN: 09397116) and Smt. Sharda Singh Kharwar (DIN: 09414443) have ceased to be Independent Directors of the company. Their tenures concluded on March 27, 2026.Source:

Keerthi Industries Limited Approves Addendum to Business Transfer Agreement Keerthi Industries Limited (formerly Suvarna Cements Limited) announced on March 28, 2026, that its Board of Directors approved an addendum to the Business Transfer Agreement with Keerthi Holdings Private Limited (formerly Hyderabad Bottling Co. Private Limited). The agreement pertains to the slump sale of the company’s Electronics Business.The initial Business Transfer Agreement was approved by the Audit Committee and Board of Directors on May 29, 2025, and subsequently by shareholders on July 10, 2025. The effective date of the agreement is March 31, 2026.According to the Electronics Business Transfer Agreement, the consideration for the sale is INR 36...

Cords Cable Industries Ltd. Includes Naveen Sawhney HUF in Promoter Group Cords Cable Industries Ltd. announced the inclusion of Naveen Sawhney HUF within its promoter group, effective March 27, 2026. The decision, made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, reflects the HUF's alignment with the definition of promoter group.Naveen Sawhney HUF is represented by Karta Mr. Naveen Sawhney, with Mrs. Adarsh Sawhney as a coparcener. The HUF holds 12,700 equity shares, representing 0.098% of the company’s outstanding shares.Details regarding the inclusion are as follows:DetailInformationHUF NameNaveen Sawhney HUFKarta NameNaveen SawhneyCoparcener NameMrs. Adarsh Sawhney...

Prismx Global Ventures Ltd. Shareholders Approve Resolutions at EOGM Prismx Global Ventures Limited announced that all resolutions were duly approved by shareholders at its Extra Ordinary General Meeting (EOGM) held on March 26, 2026. The meeting was conducted through Video Conference/Other Audio Video Means.A record of 71,346 shareholders were on the books as of the record date of March 19, 2026. A total of 67 members were present at the meeting via Video Conferencing.The voting results, encompassing remote e-voting and e-voting at the EOGM, were scrutinized by Mr. Jay Bhatt & Associates, Practicing Company Secretary.One resolution involved the reclassification of persons forming part of the promoter/promoter group from the...

Commercial Syn Bags Ltd. Postpones Board Meeting, Reschedules for Warrant Conversion and Routine Business Commercial Syn Bags Limited (COMSYN) announced the postponement and rescheduling of its board meeting initially planned for March 28, 2026, to March 30, 2026. The meeting was rescheduled due to unavoidable circumstances.The board will now convene at the company’s registered office to consider and approve the conversion of warrants into equity shares issued to the promoter group, contingent on the deposit of the remaining outstanding amount. The meeting will also address other routine business items.Trading window for company insiders, including directors, designated employees, and other covered individuals, was closed on March...

Arvind SmartSpaces Acquires Equity Shares Through ASL ESOP Trust March 28, 2026: Arvind SmartSpaces Limited (ASL), a real estate development company part of the Lalbhai group, announced that the ASL ESOP Trust acquired 4,58,670 equity shares from the open market on March 27, 2026. This acquisition represents approximately 1% of the company's outstanding equity.The creation of the ASL ESOP Trust is designed to build a high-performance, ownership-driven organization aligning employee interests with long-term shareholder value creation. The trust is expected to support the company’s growth ambitions by developing organizational depth and leadership bandwidth.This development follows a recent acquisition of approximately 4% equity stake...

CIAN Agro Industries Receives NCLT Approval for Resolution Plan CIAN Agro Industries & Infrastructure Ltd. announced on March 28, 2026, that the Hon’ble National Company Law Tribunal (NCLT) Mumbai Bench approved the Resolution Plan submitted by the company in the matter of M/s. Shubhada Tool Industries Private Limited. Shubhada Tool Industries, incorporated on March 15, 2014, is involved in the manufacturing of hand tools including spanners, pliers, pipe wrenches, and angle handles, with a production capacity of 300 metric tons per month. The company was undergoing an insolvency and bankruptcy code (IBC) process. A certified copy of the NCLT order is pending and will be submitted to the Bombay Stock Exchange upon receipt. CIAN Agro...

Span Divergent Ltd. Allots Shares on Preferential Basis Span Divergent Limited announced the allotment of 18,01,481 equity shares on a preferential basis to Mr. Neev Nirav Jogani. The decision followed a board meeting held on January 23, 2026, and shareholder approval at an Extraordinary General Meeting on February 20, 2026.The shares were allotted at an issue price of Rs. 32.16 per share, including a premium of Rs. 22.16. Mr. Jogani paid a total of Rs. 5,79,35,628.96 for the allotment.The company's paid-up equity share capital before and after the allotment is detailed below:ParticularsNumber of Equity SharesAmount (In Rs.)Pre-allotment paid up share capital54,61,7475,46,17,470Post-allotment paid up share...

Pajson Agro India Ltd. Appoints New Chief Financial Officer, Clarifies Role Change for Departing CFO Pajson Agro India Ltd. announced a change in financial leadership on March 28, 2026, clarifying the ongoing association of former Chief Financial Officer (CFO) Ajit Kumar with the company.Ajit Kumar has transitioned from the role of CFO to Vice President - Finance Department, continuing his employment with Pajson Agro India Ltd. This adjustment reflects a shift in his personal responsibilities within the organization.The company has appointed Nitan Garg as the new Chief Financial Officer. Mr. Garg possesses over 18 years of experience across diverse sectors including FMCG, Beverages, Alcobev, Pharmaceuticals, and Agro-Commodities...

Ahluwalia Contracts Announces Trading Window Closure Ahluwalia Contracts (India) Limited, an engineering, designing, and construction company, announced a trading window closure for its directors, officers, designated employees, and their immediate relatives, along with individuals having contractual and fiduciary relationships, including auditors, law firms, analysts, and consultants.The trading window will be closed from April 1, 2026, until 48 hours after the release of the company’s audited financial results for the quarter and year ended March 31, 2026. This measure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.The date for the board meeting to approve the...

KNR Constructions Limited Receives Letter of Award for Telangana Highway Project KNR Constructions Limited announced it received a Letter of Award (LOA) from the National Highways Authority of India on March 27, 2026, for a highway project in Telangana. The project involves the construction of a 4-lane section of NH-167, extending from Gudebellur to Mahabubnagar, covering a length of 80.01 kilometers.The project, situated on the Hyderabad - Panaji Section (NH(O)), will be executed under a Hybrid Annuity Mode (HAM). The construction period is set for 730 days, followed by a 15-year operation period from the project's completion date. The bid project cost is valued at ₹1734 crore.Trading window for company securities will be closed...

Usha Financial Services Limited Allots Non-Convertible Debentures Usha Financial Services Limited announced the allotment of 309 secured, redeemable, non-convertible debentures (NCDs - 'Series P') on a private placement basis. The face value of each NCD is Rs. 1,00,000, and the total allotment amounts to Rs. 3,09,00,000.The Board of Directors approved the allotment during a meeting held on March 28, 2026, which commenced at 11:00 A.M. and concluded at 11:30 A.M. This allotment is part of a larger approved issue of Rs. 12,00,00,000.The debentures have a tenure of four years, with an allotment date of March 28, 2026, and a maturity date of March 27, 2030. A fixed interest rate of 12.00% per annum, payable monthly, is offered. The...

Kaynes Technology India Limited Former Executive Settles SEBI Case Kaynes Technology India Limited announced that Mr. Ramesh Kunhikannan, the former Managing Director, has initiated a settlement procedure with the Securities and Exchange Board of India (SEBI) regarding a show-cause notice received on March 11, 2025.The Adjudicating Officer of SEBI issued a Settlement Order on March 27, 2026, concluding adjudication proceedings under Section 15JB of the SEBI Act and Regulation 23(1) of the SEBI (Settlement Proceedings) Regulations, 2018.The Settlement Order addresses allegations of a violation of Regulation 3(5) under Chapter II of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Mr. Kunhikannan paid a penalty of...

The Federal Bank to Receive ₹322.63 Crore Refund from Income Tax Department The Federal Bank Limited announced on March 28, 2026, that it has received orders from the Income Tax Department, Corporate Circle 2 (1), Kochi. The orders, issued under Section 254 of the Income Tax Act, 1961, reflect the Hon'ble ITAT order dated August 13, 2024.The orders pertain to the assessment year 2016-17 and specify a refundable amount of ₹322,62,67,421, including interest under Section 244A of the Income-tax Act. The orders were received on March 27, 2026, at 4:02 p.m.Source:

Bombay Dyeing Receives Order from State Tax Authority Bombay Dyeing & Manufacturing Company Ltd. announced it received an order from The Assistant Commissioner of State Tax, (CST-INV-D-0303), Mumbai. The order, received via system-generated email on March 27, 2026, pertains to the financial year 2019-20 and concerns the treatment of infrastructure charges received on the sale of flats.According to the order, Bombay Dyeing is required to pay Rs. 80,24,960 in GST, Rs. 93,23,302 in interest, and Rs. 80,24,960 in penalty, totaling Rs. 2,53,73,222.The company stated that, aside from the financial impact, this order has not impacted its operations or other activities. Bombay Dyeing intends to file an appeal with the Appellate Authority...

APL Apollo Tubes Limited Allots Equity Shares Under Stock Appreciation Rights Scheme APL Apollo Tubes Limited announced the allotment of 22,379 equity shares to eligible employees under the ‘APL Apollo Tubes Limited Stock Appreciation Rights Scheme 2019’. The allotment occurred on March 28, 2026, as approved by the Share Allotment Committee of the Board of Directors.As a result of this allotment, the company's equity share capital increased from ₹55,52,72,052 divided into 27,76,36,026 equity shares of ₹2 each, to ₹55,53,16,810 divided into 27,76,58,405 equity shares of ₹2 each.The exercise price per share and premium per share were both ₹2. The shares have an ISIN number of INE702C01027. All allotted shares rank pari-passu with...

Comfort Commotrade Limited Receives Order from State Tax Authority, Plans Appeal Comfort Commotrade Limited announced on March 28, 2026, that it received a recovery order from the Assistant Commissioner of State Tax in Mumbai. The order, issued under Section 79(1)(c)(i) of the SGST Act, 2017, directs the company to pay a sum of Rs. 2,25,19,203, comprised of tax, interest, and penalty, to the government.According to a communication received on March 27, 2026, the order pertains to the financial year 2020-21. Comfort Commotrade Limited stated that it believes the order does not align with its contentions and is currently preparing to file an appeal.The company is assessing the financial implications of the order but currently does not...

Span Divergent Ltd. Allots Shares on Preferential Basis Span Divergent Ltd. announced the allotment of 18,01,481 equity shares on a preferential basis to Mr. Neev Nirav Jogani. The decision follows a board meeting held on January 23, 2026, and shareholder approval at an Extraordinary General Meeting on February 20, 2026.The company allotted the shares at an issue price of Rs. 32.16 per share, including a premium of Rs. 22.16. Mr. Jogani paid a total of Rs. 5,79,35,628.96 for the allotment.The company’s paid-up equity share capital before and after the allotment is detailed below:ParticularsNumber of Equity SharesAmount (In Rs.)Pre-allotment paid up share capital54,61,7475,46,17,470Post-allotment paid up share...

Engineers India Limited Announces Changes to Board of Directors Engineers India Limited announced changes to its Board of Directors, effective March 28, 2026. The changes are a result of the completion of tenure for several Non-official Independent Directors, as per a letter from the Ministry of Petroleum & Natural Gas, Government of India, dated March 28, 2025.According to the notification, the following directors have completed their tenures and have ceased to be part of the Board:S. No.NameDINDesignationReason of Change1Shri Deepak Mhaskey09396329Non-official Independent DirectorTenure Completion2Smt. Karuna Gopal Vartakavi05304803Non-official Independent DirectorTenure CompletionThe changes are for the information...