Markets

Stanley Lifestyles Limited Discloses Adjudication Order Against Subsidiary Directors Stanley Lifestyles Limited announced on March 27, 2026, that the Registrar of Companies (ROC), Karnataka, has issued an adjudication order against directors of its step-down subsidiary, Sana Lifestyles Limited. The order pertains to a violation of Section 188(5)(ii) of the Companies Act 2013, concerning related party transactions for the financial years 2018-19 to 2021-22.The ROC imposed a penalty of up to Rs. 500,000 on each of the following directors of Sana Lifestyles Limited: Mrs. Shubha Sunil, Mr. Sunil Suresh, and Mr. Aboothahir Khan Saleem. Stanley Lifestyles Limited confirmed that the directors intend to appeal the order before the Regional...

City Union Bank Expands Branch Network with Five New Locations City Union Bank Ltd. announced the opening of five new branches on March 27, 2026. The expansion brings the bank’s total branch count to 942.The newly opened branches are located in Ambappur, Pudhuvettakkudi, New Delhi, Kurukshetra, and Manesar.Here's a summary of the new branches:Sl No.NAME OF THE BRANCHBRANCH NO.CBS CodeADDRESS1Ambappur93800943D,No. 21t05-2, Main Road, Vikkiramangalam, Ambappur - 62L70t, Udayarpalayam Taluk, Ariyalur District, Tamil Nadu2Pudhuvettakkudi93900944D.No. 3l2ZL, Pandian Complex, Main Road, Pudhuvettakudi Perambalur District, Tamil Nadu3New Delhi- Punjabi Bagh94000945House No. 17, Upper Ground Floor, Road No.33, Punjabi Bagh, New...

Brijlaxmi Leasing & Finance Limited Receives SEBI Observation on Open Offer Brijlaxmi Leasing & Finance Limited announced that it received an observation letter from the Securities and Exchange Board of India (SEBI) on March 23, 2026, regarding the Draft Letter of Offer (DLOF) for an open offer. The DLOF was initially submitted to SEBI on December 19, 2025.The company will incorporate the final comments included in the SEBI observation letter into the Letter of Offer (LOF), which will be dispatched to eligible shareholders.The open offer process will proceed upon receiving approval from the Reserve Bank of India (RBI), at which point the company will complete the necessary compliance procedures.Brijlaxmi Leasing & Finance...

Kalyan Jewellers Announces Departure of Independent Director Kalyan Jewellers India Limited announced the cessation of Mr. ADM Chavali's tenure as a Non-Executive Independent Director, effective March 27, 2026. Mr. Chavali’s departure follows the completion of his second consecutive term of appointment.Mr. Chavali, holding Director Identification Number 00374673, served the company as an Independent Director for a full term.The company confirmed the change in a filing with the National Stock Exchange of India Ltd. and the BSE Limited.ParticularsDetailsReason for ChangeCessation upon completion of second and final termDate of CessationMarch 27, 2026Jishnu RG, Company Secretary & Compliance Officer, made the announcement...

Shentracon Chemicals Ltd. Establishes New Corporate Office in Mumbai Shentracon Chemicals Ltd. announced on March 27, 2026, that its Board of Directors has approved a new corporate office location in Mumbai. The move is intended to enhance operational efficiency and administrative convenience.The new corporate office is situated at Flat 1910, 19th Floor, 9 Business Bay, Khakhar Property, Behind Evershine Mall, Chincholi Bunder Malad (W), Mumbai, 400064, Maharashtra. The company will maintain its books of accounts at this new location.The Board meeting regarding this decision commenced at 4:00 P.M. and concluded at 4:30 P.M. The registered office of Shentracon Chemicals Ltd. remains unchanged.Amit Lalit Jain, Managing Director...

Mahindra & Mahindra Financial Services Ltd. Transfers Shares to Employees Through Stock Option Exercises Mahindra & Mahindra Financial Services Ltd. announced the transfer of equity shares to eligible employees on March 27, 2026, following the exercise of vested stock options. The shares were transferred by the Mahindra & Mahindra Financial Services Limited Employees' Stock Option Trust.A total of 59,399 equity shares were distributed to eligible persons under the Mahindra Financial Services Limited Employees' Stock Option Scheme 2010 and Mahindra & Mahindra Financial Services Limited - Restricted Stock Units Plan 2023.The following table details the distribution of shares among eligible persons:Sr.No.Name of the eligible...

AJEL Ltd. Announces Board Changes AJEL Ltd. announced changes to its Board of Directors on March 27, 2026. The company appointed Mr. Mariya Sharivn Jeffrey Loorthu (DIN: 09253546) as an Additional Director, effective immediately. Mr. Loorthu is a Non-Executive, Independent Director. Simultaneously, the company accepted the resignation of Mr. Ashrith Reddy Gireddy (DIN: 09568296), effective from the conclusion of the board meeting. Mr. Gireddy cited personal preoccupations as the reason for his departure.New Director ProfileMr. Mariya Sharivn Jeffrey Loorthu (DIN: 09253546) possesses industry knowledge and experience deemed suitable for the company. He is not related to any Director or Key Management Personnel.Director Details as...

Orient Paper & Industries Modifies Capital Expenditure Project for Tissue Production Orient Paper & Industries Limited announced modifications to a capital expenditure project at its Amlai (Madhya Pradesh) manufacturing facility on March 27, 2026. The changes were reviewed and approved by the Board of Directors during a meeting held on the same day.The company is now planning to install a new Tissue Machine incorporating advanced technology, replacing previously planned modernization initiatives. This shift reflects evolving market dynamics within the paper industry, including changing demand patterns and a focus on product quality and cost optimization.The revised project is anticipated to improve operational efficiency, increase...

Visaka Industries Limited Discloses Information Regarding Income Tax Litigation Visaka Industries Limited announced revised disclosure details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on March 27, 2026. The disclosure, prompted by a communication from the BSE, pertains to ongoing litigation with the Income Tax Department.The Assessment Unit of the Income Tax Department has issued an assessment order under Section 143(3) read with Section 144B of the Income-tax Act, 1961 for Assessment Year 2024-25. This order has resulted in a demand of ₹92,79,530, inclusive of penalties related to additions to the stated income.The company is evaluating the assessment order and intends to...

Mangalore Refinery and Petrochemicals Limited Announces Departure of Independent Directors Mangalore Refinery and Petrochemicals Limited announced today, March 27, 2026, the departure of four Independent Directors following the completion of their tenures. The changes are effective from March 28, 2026.The departing Directors are Rajkumar Sharma, Manohar Singh Verma, Pankaj Gupta, and Cheruvally Nivedida Subramanian.Here’s a summary of the departing Directors and their roles:Director NameDirector Identification Number (DIN)DesignationCessation DateRajkumar Sharma01681944Independent DirectorMarch 28, 2026Manohar Singh Verma09393215Independent DirectorMarch 28, 2026Pankaj Gupta09393633Independent DirectorMarch 28, 2026...

Dev Information Technology Limited Allots Equity Shares Under Employee Stock Option Plan Dev Information Technology Limited announced the allotment of 28,482 equity shares on March 27, 2026, resulting from the exercise of vested options under the ‘Dev Information Technology Limited Employee Stock Option Plan - 2018’. Each share has a face value of Re. 2.The newly allotted shares rank equally with existing shares in all respects. No shares were allocated to the company's directors during this allotment.Following this allotment, the company's paid-up capital has increased to Rs. 11,27,27,428, comprised of 5,63,63,714 equity shares with a face value of Rs. 2 each.Source:

Innovassynth Technologies Announces Proposed Rights Issue of Up to ₹70 Crores Innovassynth Technologies (India) Ltd. announced on Friday, March 27, 2026, that its Board of Directors has approved a proposal to raise funds through a rights issue. The company intends to issue equity shares with a face value of ₹10 each to eligible shareholders on a record date to be announced later.The rights issue aims to raise an aggregate amount not exceeding ₹70,00,00,000 (Rupees Seventy Crores). The issue price and other terms and conditions will be determined by the Board.To facilitate the rights issue, Innovassynth Technologies has formed a Rights Issue Committee, which will be responsible for finalizing key details including the issue size...

Transindia Real Estate Ltd. Appoints Mahendra Kumar Chouhan as Independent Director Transindia Real Estate Ltd. announced the appointment of Mr. Mahendra Kumar Chouhan as an Additional, Non-Executive, Independent Director, effective April 1, 2026. The appointment was approved by the Board of Directors via resolution circulated on March 27, 2026, and is subject to shareholder approval. The term is for a period of five consecutive years, concluding on March 31, 2031.Mr. Chouhan brings extensive experience in corporate governance, business ethics, leadership, and sustainability. He previously served as Founding Chairman of Fino Payments Bank and currently serves as an Independent Director on the boards of various listed and unlisted...

Tata Motors Passenger Vehicles Reports Temporary Production Pause at Jaguar Land Rover Plant Tata Motors Passenger Vehicles Limited, formerly known as Tata Motors Limited, confirmed a temporary production pause at Jaguar Land Rover’s (JLR) Solihull manufacturing facility. The pause is due to a short-term supply constraint from a supplier, according to a statement responding to a news item published in the Economic Times on March 27, 2026.JLR, a wholly-owned subsidiary of Tata Motors Passenger Vehicles Limited, is working with the supplier to resolve the issue and minimize impact on clients and operations. Production has been temporarily halted on certain vehicle lines.The company stated that it does not anticipate a material impact...

Piramal Finance Ltd. Plans Fund Raising Through Non-Convertible Debentures Piramal Finance Ltd. announced its intention to raise funds through the issuance of Non-Convertible Debentures (NCDs) on a Private Placement basis, contingent on prevailing market conditions. The decision follows a board meeting held on March 27, 2026.The company will convene meetings of its Committee of Directors (Administration, Authorisation & Finance) between April 1, 2026, and March 31, 2027, to review and approve the issuance and allotment of NCDs as needed. The total amount to be raised was not specified.Bipin Singh, Company Secretary of Piramal Finance Limited, made the announcement. The company was formerly known as Piramal Capital & Housing Finance...

GV Films Ltd. Announces Board Changes and Appointments GV Films Ltd. announced several changes to its Board of Directors on Friday, March 27, 2026. The decisions were made during a Board of Directors meeting held at the company's registered office in Mumbai.Mr. Gunaseelan resigned from his position as a Non-Executive Director, effective immediately.The company appointed Mr. Viswanathan Sridhar as Company Secretary, also effective immediately. Mr. Sridhar is a Commerce graduate and qualified as a Company Secretary in May 1990. He brings over 30 years of experience in legal and secretarial compliance across listed and unlisted companies.Additionally, Mr. Kamala Kannan Ashwin Kumar was appointed as an Additional Director...

Hardcastle & Waud Manufacturing Company Ltd. Sells Immovable Property Hardcastle & Waud Manufacturing Company Limited announced today, March 27, 2026, the execution of a Deed of Conveyance for the sale of an immovable property. The property, Unit No. 7B located on the 3rd floor of Sagar Estate, is situated at Premises No. 2, Narendra Chandra Dutta Sarani, Kolkata - 700001.Jeevdani Business Ventures Limited (JBVL) is the buyer in the transaction. The agreement is valued at Rs 1,11,08,000.According to company disclosures, JBVL is a promoter group company, with a relationship to the company’s promoter. The transaction constitutes a related party transaction and was conducted at arm's length.Further details regarding the agreement are...

Jubilant FoodWorks Receives GST Order Demanding Over INR 15.36 Crore Jubilant FoodWorks Limited announced March 27, 2026, that it received an order from the Additional Commissioner, CGST Commissionerate, Meerut, Uttar Pradesh. The order, dated March 17, 2026, and numbered 92-GST/ADC/Meerut/2025-26, demands GST of INR 15,35,60,917, along with a penalty of INR 15,35,60,917 and applicable interest.The demand relates to an alleged incorrect classification of certain goods supplied to a distinct GSTIN under the same Permanent Account Number (PAN) of the company, representing intra-company supplies.Jubilant FoodWorks believes the order is incorrect and did not consider the merits of the company’s contentions. The company stated it is in...

Dev Information Technology Limited Approves Share Allotment, Investment, and Corporate Guarantee Dev Information Technology Limited announced several key decisions following a board meeting held on March 27, 2026.The board approved the allotment of 28,482 equity shares with a face value of Rs. 2 each to eligible employees under the 'Dev Information Technology Limited Employee Stock Option Plan - 2018'. This allotment, totaling Rs. 6,97,809, ranks pari passu with existing equity shares. The company's paid-up capital post-issue is now Rs. 11,27,27,428, representing 5,63,63,714 shares.Additionally, the board approved an investment of Rs. 386,642 for a 28.50% equity stake in M/s Byte Technosys Private Limited. Byte Technosys Private...

KCP Ltd. Receives USD 6 Million Dividend from Vietnamese Subsidiary KCP Ltd. announced today it has received a dividend of USD 6,000,000, equivalent to Rs. 56,66,10,000, from its subsidiary, KCP Vietnam Industries Ltd. The dividend is for the year 2025.The payment marks a significant return from the company's Vietnamese operations.ItemAmount (USD)Amount (Rs.)Dividend Received6,000,00056,66,10,000SubsidiaryKCP Vietnam Industries Ltd.Year2025Source: