Markets

Cochin Shipyard Limited Faces Fine for Board Composition Non-Compliance Cochin Shipyard Limited (CSL) has been fined a total of Rs. 9,77,040 by the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE), representing Rs. 450,140 each plus Goods and Services Tax at 18%. The penalties stem from non-compliance with Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations.The non-compliance relates to Regulation 17(1), concerning the composition of the Board of Directors – specifically, a lack of sufficient independent directors – as well as Regulations 18 and 19, pertaining to the constitution of the Audit Committee and Nomination and Remuneration...

Modern Threads (India) Ltd. Re-appoints Auditors Modern Threads (India) Ltd. announced the re-appointment of S.S. Surana & Co., Chartered Accountants, Jaipur, as the company’s Tax Auditor for the financial year 2025-26. The decision was made at a board meeting held on March 27, 2026. S.S. Surana & Co. holds Firm Registration No. 001079C and has over 44 years of experience in accounting and tax services.Additionally, the board re-appointed Mr. Naveen Kumar Vijayvargiya as the company’s Internal Auditor for the financial year 2026-27, effective March 27, 2026. Mr. Vijayvargiya is a Chartered Accountant (Inter) with experience in accounting, taxation, internal audit, and corporate laws.Details of S.S. Surana & Co.:ParticularsBrief...

VMS TMT Ltd. Announces Resignation of Company Secretary and Compliance Officer VMS TMT Ltd. announced the resignation of Mr. Vijay Amrabhai Boliya from the position of Whole Time Company Secretary and Compliance Officer, effective March 31, 2026. Mr. Boliya’s resignation is attributed to personal and unavoidable circumstances. He confirmed that there are no other material reasons for his departure.The company’s Director, Mr. Manojkumar Jain, has accepted Mr. Boliya’s resignation and will complete the necessary formalities.Details regarding the resignation are as follows:ParticularsDetailsReason for changeMr. Vijay Boliya (ACS-68332) resigned from the position of Whole-Time Company Secretary and Compliance Officer with effect...

JNK India Limited Receives Major Order from JNK Global Co., Ltd. JNK India Limited announced on March 27, 2026, that it has received a major order from JNK Global Co., Ltd., Korea ('JNK Global'). The order is for providing support services and supplies related to the Cracker Furnace Package of a refinery project in India.JNK Global, a promoter of JNK India Limited, awarded the order, which will be executed in India. The project delivery schedule is February 2, 2028. The order falls within related party transactions and is being conducted at arm’s length.According to company classifications, a "Major" order falls within the range of ₹300 to ₹600 crore.Project ClassificationClassificationValue in ₹ CrSignificant0 - 100...

Allcargo Logistics Appoints Senior Management Team Allcargo Logistics Ltd announced appointments to its senior management team on March 27, 2026. Sumit Banerjee, Amit Chhari, and Ashutosh Mishra have joined the company in key leadership roles.Sumit Banerjee joined on March 6, 2026, and has been designated Vice President - Zonal Head (East) - Express, effective March 27, 2026. Banerjee brings over 21 years of experience in supply chain and logistics, including roles at PwC India, Flipkart, Amazon India, Hilti India, and Bizongo. He holds an M.Com from Burdwan University and a B.Com from Calcutta University.Amit Chhari joined on March 10, 2026, and will serve as Chief of Operations - Express, effective March 27, 2026. Prior to joining...

Rungta Irrigation Ltd. Board Approves Increase in Authorized Share Capital Rungta Irrigation Ltd. announced Friday, March 27, 2026, that its Board of Directors approved a plan to increase the company’s authorized share capital. The increase will raise the authorized capital from Rs. 20,00,00,000, divided into 2,00,00,000 equity shares, to Rs. 40,00,00,000, divided into 4,00,00,000 equity shares. The face value of each share will remain Rs. 10.The board approved a postal ballot notice to seek shareholder approval for the capital increase and consequential amendment to the memorandum of association. Ishant & Associates, a practicing Company Secretary, has been appointed as the scrutinizer for the postal ballot process.A cut-off date...

Affle 3i Ltd. Engages in Investor Meetings Affle 3i Ltd. announced it participated in a series of investor meetings on March 27, 2026. The company met with Sundaram Mutual Fund in person and held calls with Bay Capital and Quantum AMC. According to the company, no unpublished price sensitive information was shared during these interactions.InvestorMeeting TypeDate of MeetingSundaram Mutual FundIn-personMarch 27, 2026Bay CapitalCallMarch 27, 2026Quantum AMCCallMarch 27, 2026Source:

Mayank Cattle Food Ltd. Appoints Secretarial Auditor Mayank Cattle Food Ltd. announced the appointment of M/s. Ishali Desai & Associates as its Secretarial Auditor for the Financial Year 2025-26. The decision, approved by the Board on the recommendation of the Audit Committee, was made at a meeting held on March 27, 2026.M/s. Ishali Desai & Associates, a Peer Reviewed firm of Company Secretaries, specializes in corporate law and related services. Their expertise includes corporate secretarial services, secretarial audits, and compliance related to fund raises.The appointment is effective March 27, 2026, and covers the financial year 2025-26.Details of the AppointmentParticularDetailsName of the Secretarial AuditorM/s...

JSW Steel Completes Transfer of Bhushan Power and Steel’s Steel Business to Subsidiary, Initiates Joint Venture with JFE Steel JSW Steel Limited announced the completion of the transfer of the steel business undertaking of Bhushan Power and Steel Limited (BPSL) to its subsidiary, JSW Sambalpur Steel Limited. The transfer was executed as a slump sale on a going concern basis.The move follows the company’s December 2025 announcement regarding the transfer and a strategic joint venture partnership with JFE Steel Corporation Japan (JFE) for the BPSL steel business undertaking. The joint venture is structured as a 50:50 partnership.The transaction builds on a December 3, 2025, board decision approving both the transfer and the joint...

Ramkrishna Forgings Limited Appoints New Independent Director Ramkrishna Forgings Limited announced that its board of directors has recommended the appointment of Mr. Chetan Rameshchandra Desai as a Non-Executive, Independent Director. The appointment is subject to shareholder approval and is scheduled to be effective April 29, 2026, for a consecutive term of five years.Mr. Desai, aged 75, holds DIN 03595319. He possesses extensive experience in corporate governance, regulatory compliance, and corporate law, spanning approximately 50 years. Previously, he was a Managing Partner at M/s. Haribhakti & Co. LLP, a leading accounting and strategic consulting firm in India.The company will seek shareholder approval for the appointment...

Onelife Capital Advisors Limited Board Approves Loans and Investment Mumbai – March 27, 2026 – Onelife Capital Advisors Limited announced today that its Board of Directors approved several loan disbursements and an investment during a meeting held on March 27, 2026.The Board approved a loan of Rs. 1,50,00,000 to Mr. JayKishor Chatuvedi, alongside a loan of up to Rs. 5,50,00,000 to Abhidev Consultancy Services Private Limited, carrying an interest rate of 12% per annum. Additional loan approvals included up to Rs. 2,00,00,000 to Jeevan Jyoti Vanijya Limited and Gandhi Nagar Leasing and Finance Limited, as well as Rs. 1,50,00,000 to Gandhi Nagar Leasing and Finance.Furthermore, the Board authorized an investment of up to Rs...

Venmax Drugs and Pharmaceuticals Ltd. Approves Amendment to Share Capital Clause in Amalgamation Scheme Venmax Drugs and Pharmaceuticals Limited announced an amendment to the share capital clause (Para 2.2) within the draft scheme of amalgamation concerning Hatri Pharma Private Limited (Transferor Company). The decision was made during a Board of Directors meeting held on March 27, 2026.The Board Meeting commenced at 2:30 p.m. and concluded at 3:30 p.m.The modified draft scheme of amalgamation, incorporating the changes to the share capital structure, is now attached.Share Capital DetailsThe following table details the share capital information:Disclosure of InformationDisclosure of InformationDisclosure of...

Affordable Robotic & Automation Limited Revises Valuation Report for Preferential Issue Affordable Robotic & Automation Limited (ARAPL) announced revisions to the Valuation Report concerning a proposed preferential issue of up to 6,04,839 equity shares to a non-promoter entity. The revisions were made following observations from the Stock Exchanges regarding an in-principle approval application.The company confirmed that the fair value of the equity shares remains unchanged despite the revisions to the Valuation Report. The revised report, along with details of the changes, is available on the company’s website at https://arapl.co.in/investor-relations#Announcement (under the 'Preferential Issue' section).ARAPL stated that the funds...

Nagarjuna Fertilizers and Chemicals Limited Executive Director Withdraws Resignation Nagarjuna Fertilizers and Chemicals Limited announced on March 27, 2026, that Mr. K. Vijaya Gopala Raju has formally withdrawn his resignation as Executive Director - Operations. This follows a previous disclosure on February 9, 2026, concerning his initial resignation submission. Mr. Raju will continue in his role as Executive Director - Operations for the company.Source:

Godfrey Phillips India Responds to Trading Volume Increase Godfrey Phillips India Ltd. clarified on March 27, 2026, regarding a recent surge in trading volume for its security across exchanges. The company responded to a communication from BSE Limited, referencing a March 27, 2026, email (L/SURV/ONL/PV/SG/ 2025-2026 / 1003).According to the company, it is unaware of any Unpublished Price Sensitive Information that would have contributed to the increased volume. Godfrey Phillips India attributes the volume increase to prevailing market conditions, stating the activity appears market-driven and beyond the company’s control.Godfrey Phillips India reaffirmed its commitment to compliance with Regulation 30 of the SEBI (Listing...

HEG Ltd. Receives Tribunal Order Advancing Composite Scheme of Arrangement Noida, India – March 27, 2026 – HEG Ltd. announced today that the Hon'ble National Company Law Tribunal, Indore Bench, has issued an order dated March 26, 2026, allowing and disposing of Company Application CA(CAA)/1(MP)2026. This development pertains to the ongoing Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited, along with their respective shareholders and creditors.The Tribunal’s order mandates the convening of meetings for equity shareholders, secured creditors, and unsecured creditors of HEG Limited, as well as a meeting for equity shareholders of Bhilwara Energy Limited.Details regarding these...

Brookfield India Real Estate Trust REIT Updates Investors on Financial Performance Brookfield India Real Estate Trust REIT held meetings with various investors on March 25, 2026, and March 27, 2026, to discuss business and financial updates. The discussions covered performance for the quarter and nine months ended December 31, 2025. Brookprop Management Services Private Limited, acting as manager of Brookfield India Real Estate Trust, led the meetings.The REIT's stock trades on the BSE Limited under SCRIP CODE: 543261 and SCRIP ID: BIRET, and on the National Stock Exchange of India Limited under SCRIP CODE: 977393 and NCD SCRIP CODE: 977393. The NCD ISIN is INE0FDU07018.Source:

Dev Labtech Venture Limited Approves Capital Increase, Share Split, and Bonus Issue Dev Labtech Venture Limited announced on March 27, 2026, that its Board of Directors approved several key corporate actions during a meeting held on that date.The company will increase its Authorized Share Capital from Rs. 15,00,00,000 divided into 1,50,00,000 Equity Shares of Rs. 10 each to Rs. 25,00,00,000 divided into 2,50,00,000 Equity Shares of Rs. 10 each. Additionally, the Board approved an alteration to the Object Clause of the Memorandum of Association (MOA), and a sub-division/split of Equity Shares in a ratio of 1:2, converting one share with a face value of Rs. 10 into two shares with a face value of Rs. 5. The record date for the...

Chemtech Industrial Valves Ltd. Allots Equity Shares Following Convertible Warrant Conversion Chemtech Industrial Valves Ltd. announced the allotment of 5,00,000 equity shares on March 27, 2026, resulting from the conversion of convertible warrants. The allotment was made to promoter and promoter group entities.Harsh Pradeep Badkur and Puneet Pradeep Badkur, both categorized as promoter group members, received 2,50,000 equity shares each. The total value received by the company on the conversion of convertible warrants was Rs. 7,50,00,000.The conversion price was Rs. 150 per warrant, entitling holders to the equity shares with a face value of Rs. 10 each. The issue price per equity share was Rs. 200, including a premium of Rs. 190...

Novartis India Limited Receives Demand Notice and Issues Appeal Plans Mumbai – March 27, 2026 – Novartis India Limited announced today that it received a Demand Notice and Order from the Assistant Commissioner of Income-tax, TDS Circle 2(3) regarding proceedings concluded under Sections 201(1)/201(1A) of the Income-tax Act, 1961, for Assessment Year 2020-21 (financial year ended March 31, 2020).The Demand Notice, received on March 26, 2026, and the subsequent Order received on March 27, 2026, relate to alleged non-compliance with tax deducted at source provisions pertaining to margin to stockist and interest on MSMEs.The total demand amounts to INR 10,28,40,780, which includes INR 5,75,85,157 and interest under section 201(1A) of...