Markets

Varroc Engineering Limited Announces Resignation of Chief Technical Officer Varroc Engineering Limited announced on March 26, 2026, that Fritz Abraham, Chief Technical Officer and Senior Managerial Personnel (SMP), has resigned, effective March 27, 2026, due to personal reasons.According to a letter dated July 30, 2025, Abraham's resignation is motivated by a family medical reason, which involves a relocation to Austria. The company has initiated a search for a successor and anticipates the new appointment will be made in the second quarter of fiscal year 2026-27. A further disclosure will be made upon appointment.Below is a summary of the details related to the resignation, as required by regulations.Details of Resignation...

Rane Holdings Limited Approves Director Commission Rane Holdings Limited (RHL) announced on March 26, 2026, that a special resolution to approve payment of commission to Non-Executive Directors and Independent Directors was approved by its members. The resolution was passed during a postal ballot concluded on March 26, 2026.According to a report by Scrutinizer A. K. Jain & Associates, a total of 127 members voted, representing 76,980,71 shares. Of these, 100 members voted in favor of the resolution, representing 74,91,719 shares, while 27 members voted against, representing 2,06,352 shares. This equates to a 97.32% approval rate.The postal ballot notice was initially sent via email to shareholders on February 24, 2026. The e-voting...

Landsmill Green Limited (Formerly Excel Realty N Infra Ltd) Announces Board Changes and Name Change Proposal Mumbai, India – March 26, 2026 – Landsmill Green Limited (formerly Excel Realty N Infra Ltd) announced several changes following a board meeting held on March 26, 2026.The board approved the resignation of Mr. Rajat Raja Kothari, Mr. Himanshu Surendra Kumar Gupta, and Mr. Garvit Agarwal. Mr. Kothari and Mr. Gupta stepped down as Non-Executive Independent Directors, citing pre-occupation and other personal commitments. Mr. Agarwal resigned as a Whole-Time Director for similar reasons.The company also approved a proposal to change its name to either Poweris Green Energies Limited, Voltasure Green Energies Limited, or Ecovira...

Pennar Industries Reaffirms Credit Ratings with CARE Ratings Hyderabad, March 26, 2026 – Pennar Industries Limited announced today that CARE Ratings Limited has reaffirmed its credit ratings for the company’s short-term and long-term bank facilities.The reaffirmed ratings are as follows:Long Term Bank Facilities: CARE A; Stable (Enhanced from ₹712.46 crore to ₹754.46 crore) Short Term Bank Facilities: CARE A1A detailed breakdown of the rated facilities is presented below:Long Term Facilities:Term Loans: ₹279.46 crore Fund Based Limits: ₹475 croreShort Term Facilities:Fund Based Limits: ₹155 crore Non-Fund Based Limits: ₹778 crore Non-Fund Based Limits (Forward Contract): ₹0.50 croreTotal Facilities: ₹1,766.96 crore...

Aequs Limited Enters into MoU with Government of Karnataka for Expansion Plans Aequs Limited announced on March 26, 2026, that it has entered into a nonbinding Memorandum of Understanding (MoU) with the Government of Karnataka. The agreement facilitates statutory and regulatory support for the company’s proposed expansion of manufacturing facilities within Aequs Special Economic Zone, Belagavi, and the Hubballi Durable Goods Cluster in Itigatti and Gamanagatti Industrial Area, Hubballi, through its subsidiaries.The estimated cumulative investment, including previously made investments, totals approximately INR 2,856 crores over a five-year period, beginning in fiscal year 2026. The expansion will focus on manufacturing aerospace...

Netlink Solutions India Ltd. Receives Reclassification Requests from Promoters Netlink Solutions (India) Limited announced on March 26, 2026, that it has received requests from Mr. Minesh V Modi and Mrs. Rupa Minesh Modi, both Promoters of the company, to reclassify from the ‘Promoter Category’ to the ‘Public Category.’This action follows a Share Purchase Agreement dated April 9, 2025, between M/s Arix Capital Limited and existing promoters of Jupiter Infomedia Limited, which resulted in an indirect acquisition of voting rights and control over Netlink Solutions (India) Limited. Subsequently, an open offer was made to the public shareholders of Netlink Solutions (India) Limited.According to the companies, the Promoters’ intention to...

Cipla Announces Departure of Global Chief Scientific Officer Cipla Ltd. announced the resignation of Mr. Pradeep Bhadauria, the company’s Global Chief Scientific Officer and a member of the Management Council. Mr. Bhadauria, who also held a position as an employee of Cipla USA Inc., a wholly owned subsidiary of Cipla, is leaving to pursue interests outside the company.His last day of employment will be March 31, 2026. The company has requested that the exchanges take note of this information.Source:

Rane Holdings Limited Approves Director Compensation via Postal Ballot Rane Holdings Limited (RHL) announced on March 26, 2026, that shareholders have approved a special resolution to authorize payment of commission to Non-Executive Directors and Independent Directors. The approval followed a postal ballot concluded on March 26, 2026.A total of 16,375 shareholders were on record as of February 20, 2026. A total of 76,98,071 shares were polled, representing 53.92% of the outstanding shares. Shareholders in favor of the resolution totaled 74,91,719, representing 97.32% of the votes polled.The e-voting process commenced on February 25, 2026, and concluded on March 26, 2026. The votes were unblocked on March 26, 2026, in the presence...

DCX Systems Ltd. Receives New Purchase Orders Valuing INR 18.87 Crores DCX Systems Ltd. announced the receipt of new purchase orders totaling approximately INR 18.87 Crores as part of its normal business operations. The company received purchase orders amounting to INR 8.92 Crores for the manufacture and supply of Cable and Wire Harness Assemblies to both domestic and international customers.Additionally, a wholly-owned subsidiary, Raneal Advanced Systems Pvt. Ltd., secured purchase orders valued at INR 9.95 Crores. These orders pertain to the manufacture and supply of Printed Circuit Board Assemblies for customers spanning both domestic and international markets.Source:

GMM Pfaudler Ltd. Reconstitutes Board Committees GMM Pfaudler Ltd. announced changes to the composition of its Board Committees, effective April 1, 2026. The changes were approved at a Board of Directors meeting held on March 26, 2026.Audit CommitteeThe Audit Committee now includes Ms. Shilpa Nirula as Chairperson, with Mr. Prakash Apte, Mr. Nakul Toshniwal, and Mr. Vivek Bhatia serving as members.Nomination & Remuneration CommitteeMs. Bhawana Mishra will chair the Nomination & Remuneration Committee, alongside members Mr. Prakash Apte, Mr. Nakul Toshniwal, and Ms. Shilpa Nirula.Risk Management CommitteeMr. Vivek Bhatia will lead the Risk Management Committee. Members include Mr. Prakash Apte, Mr. Ashok Patel, Mr. Raghav...

JSW Energy Completes Acquisition of Raigarh Champa Rail Infrastructure Private Limited JSW Energy Ltd. announced the completion of its acquisition of Raigarh Champa Rail Infrastructure Private Limited (RCRIPL) through the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.RCRIPL provides railway infrastructure services to JSW Mahanadi Power Company Limited (JMPCL), which owns a 3,600 MW thermal power plant in Chhattisgarh. The acquisition will enable operational control and efficiency in managing railway infrastructure services to the JMPCL Plant for its entire 3,600 MW capacity.As part of the resolution plan, the consideration amount is ₹ 700.10 crores, through a combination of cash and the...

Krishna Capital and Securities Ltd. Committee Approves Preferential Issue and Potential Change in Control Krishna Capital and Securities Ltd. announced on March 26, 2026, that its Committee of Independent Directors has approved a proposed preferential allotment of 3,00,00,000 Equity Shares. The allotment is intended for a non-promoter, with two proposed allottees, Mr. Ashu Jagmalaram Bishnoi and Mr. Yagnik Bharatkumar Tank, potentially being classified as promoters following an open offer under the Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011. This transaction is expected to result in a change in control for the company.The preferential issue price has been set at Rs. 20...

Krishna Capital and Securities Ltd. Increases Authorized Share Capital and Approves Share Purchase Agreement Krishna Capital and Securities Ltd. announced several key decisions following a board meeting held on March 26, 2026. The company approved an increase in its authorized share capital from Rs. 4,00,00,000 to Rs. 34,00,00,000, and approved a Share Purchase Agreement (SPA) involving promoters and Mr. Ashu Jagmalaram Bishnoi and Mr. Yagnik Bharatkumar Tank.Under the SPA, the acquirers have agreed to acquire up to 13,53,892 equity shares, representing 42.87% of the company's paid-up equity share capital, at a consideration of up to Rs. 20 per share. This transaction will require the acquirer to make an open offer to the company’s...

Titagarh Rail Systems Receives Letter of Intent for Wagon Leasing Contract Titagarh Rail Systems Ltd. announced it has received a Letter of Intent (LOI) from Balmer Lawrie & Co. Ltd. for a wagon leasing contract, marking the company's first successful venture in the wagon leasing business. The LOI, dated March 24, 2026, follows a wagon leasing license agreement signed with Indian Railways on February 9, 2026.Under the terms of the contract, Titagarh Rail Systems will serve as the Lessor, providing 2 BFNS 22.9T rakes – a total of 43 wagons with a 4% spare capacity (2 wagons) – for a period of 10 years. These rakes will transport HR Coils, Sheets & Plates, adhering to the latest approved drawings from RDSO. The contract's effective date...

Hilton Metal Forging Limited Secures Contract to Supply Artillery Shells Hilton Metal Forging Limited announced on March 26, 2026, that it has secured a contract to supply 3,60,000 Standard 155mm M107 empty bomb artillery shells. The contract is with a domestic entity, the name of which has not been disclosed due to confidentiality.Under the terms of the agreement, Hilton Metal Forging Limited will supply the shells at a rate of 15,000 units per month over a 24-month period. The total consideration for the contract is approximately Rs. 720.00 Crores, contingent upon the approval of a sample batch of 10 pieces and the receipt of an advance payment following prototype approval.Yuvraj Malhotra, Chairman & Managing Director of Hilton...

Vels Film International Limited Approves Corporate Guarantee for Subsidiary Vels Film International Limited announced that its Board of Directors approved a corporate guarantee for M/s. Vels D Studio LLP during a meeting held on March 26, 2026. The guarantee is in favor of Bank of Baroda, R.K. Nagar Branch, Chennai, to secure credit facilities amounting to Rs. 3,44,85,000.The credit facilities consist of a Cash Credit Facility of Rs. 2,00,00,000 and a Term Loan Facility of Rs. 1,44,85,000. M/s. Vels DStudio LLP is a group entity of Vels Film International Limited, and the transaction was undertaken on an arm's length basis. The guarantee covers all amounts due and payable by the borrower under the sanction terms and loan documents...

Bondada Engineering Ltd. Incorporates Subsidiary for Power Project Bondada Engineering Limited announced the incorporation of a subsidiary company, BONDADA DINESH SPV PRIVATE LIMITED, on March 26, 2026. The new subsidiary has been established as a Special Purpose Vehicle (SPV) to execute and implement a project awarded by Maharashtra State Power Generation Company Limited (MAHAGENCO) to a consortium comprising Bondada Engineering Limited and Dinesh Engineers Limited.The formation of the SPV aligns with the terms and conditions of the Request for Proposal (RFP) and the Letter of Award (LOA) for the project, which mandate a project-specific entity to fulfill contractual obligations including execution, financing, and operation.Details...

MIRC Electronics Ltd. Schedules Board Meeting to Consider Stock Options and Name Change MIRC Electronics Ltd. announced that a Board of Directors meeting is scheduled for Tuesday, March 31, 2026, in Mumbai. The meeting agenda includes several key decisions.The Board will consider and approve the grant of stock options exceeding 1% of the issued capital, excluding outstanding warrants and conversions, to one employee under the 'MIRC Electronics Employee Stock Option Plan 2023'.Additionally, the Board will address a proposal to change the company name.Finally, the meeting will involve approval of the notice for an Extraordinary General Meeting.Vijay Mansukhani, Chairman and Managing Director, confirmed the details.Source:

Methodhub Software Ltd. to Acquire U.S. Company, Establishing Wholly Owned Subsidiary Methodhub Software Ltd. announced plans to acquire a 100% shareholding in a U.S.-based company. The acquisition will establish a wholly owned subsidiary of Methodhub Software Ltd.The company intends to seek approval for the acquisition at a board meeting scheduled for Monday, March 30, 2026. Further details regarding the acquisition will be provided at a later date. The Scrip Code of Methodhub Software Ltd. is 544637 on the BSE Limited.Source:

Balrampur Chini Mills to Engage with Kotak Securities Analysts and Investors Balrampur Chini Mills Limited announced it will participate in a group meeting hosted by Kotak Securities on April 2, 2026. The meeting will be held virtually.An investor presentation related to the meeting has been uploaded to the company’s website at www.chini.com. Discussions during the interaction will be based on publicly available information, and no unpublished price sensitive information will be disclosed.The company noted that the meeting schedule is subject to change due to unforeseen circumstances. Additional follow-up interactions with analysts and officials may occur at a later date.Balrampur Chini Mills Limited operates factories in...