Markets

Arvind SmartSpaces Enters Mumbai Society Redevelopment with Rs. 300 Crore Project March 27, 2026: Arvind SmartSpaces Limited (ASL), a real estate development company part of the Lalbhai group, announced it has signed a society redevelopment project in Santacruz, Mumbai. The project carries a top-line potential of ~Rs. 300 crore and includes a total estimated carpet area for sale of 42,000 sq. ft. This addition brings the cumulative new business development topline potential for the year to ~Rs. 3,140 crore.The project marks ASL’s entry into the society redevelopment segment and represents the company's first residential apartment project in the Mumbai Metropolitan Region (MMR). Strategically located in Santacruz (West), the project...

Sammaan Capital Limited Pays Interest on Secured Redeemable Non-Convertible Debentures Sammaan Capital Limited announced that it has made the full interest payment on its Secured Redeemable Non-Convertible Debentures. The payments were made on March 26, 2026, for amounts due on March 27, 2026.The company reported the details of the interest payments, which included ISINs INE148I07OP8, INE148I07OQ6, INE148I07OU8, and INE148I07OT0. The total interest amount paid for each debenture is shown below:Interest Payment DetailsSr. No.ISINIssue Size (in INR lacs)Interest Amount Paid (in INR lacs)Frequency1INE148I07OP8145.241.07035Monthly2INE148I07OQ61671.15557Monthly3INE148I07OU838.250.27143Monthly...

Alembic Pharmaceuticals Receives USFDA Final Approval for Paroxetine Extended-Release Tablets Alembic Pharmaceuticals Limited announced it has received final approval from the US Food & Drug Administration (USFDA) for its supplemental Abbreviated New Drug Application (sANDA) Paroxetine Extended-Release Tablets USP, 12.5 mg. The approved sANDA is therapeutically equivalent to Paxil CR Tablets, 12.5 mg, of Apotex Inc.Paroxetine extended-release tablets are indicated for the treatment of Major depressive disorder (MDD), Panic disorder (PD), Social anxiety disorder (SAD), and Premenstrual dysphoric disorder (PMDD). Refer label for a detailed indication.Alembic Pharmaceuticals has a cumulative total of 235 ANDA approvals, comprising 216...

Piramal Finance Ltd. Approves Amalgamation Scheme and NCD Issuance, Announces Director Resignation Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited) announced on March 27, 2026, that its Board of Directors approved a scheme of amalgamation and the issuance of redeemable, non-convertible debentures. The Board also acknowledged the resignation of a Non-Executive Independent Director.The approved scheme of amalgamation involves Piramal Finance Limited, Piramal Corporate Tower Private Limited, Piramal Agastya Offices Private Limited (formerly PRL Agastya Private Limited), and DHFL Investments Limited – all wholly-owned subsidiaries of the Company. The amalgamation aims to simplify the group structure, optimize...

Aristo Bio-Tech and Lifescience Limited Empaneled as Supplier by National Fertilizers Limited Aristo Bio-Tech and Lifescience Limited has been formally empaneled as an approved supplier for Technical Grade Molecules by National Fertilizers Limited (NFL) Bathinda Unit. This follows NFL’s Expression of Interest for the production of Agrochemicals.The empanelment allows Aristo Bio-Tech to participate in the commercial tendering process for future requirements of NFL for the specified molecules. The tenure of the agreement is for three years, commencing March 17, 2026, and concluding on March 16, 2029.The formal empanelment letter was received on March 27, 2026, via Speed Post.According to the company, none of the promoters, promoter...

Hitech Corporation Ltd. Re-appoints Mehernosh Mehta as Whole-Time Director Hitech Corporation Ltd. announced the re-appointment of Mr. Mehernosh Mehta as a Whole-Time Director, effective March 17, 2026. The reappointment was approved by shareholders via postal ballot, as previously disclosed on February 23, 2026. The term of the reappointment is for one year, extending until March 16, 2027.Mr. Mehta, holding Director Identification Number (DIN) 00372340, is not related to any other directors, key managerial personnel, or members of the promoter group of the company.Mr. Mehta holds a B.E. in Electrical Engineering from Mumbai University and a Master’s in Electrical Engineering from Michigan Technological University. Prior to joining...

Saatvik Green Energy Subsidiary Secures INR 638.26 Crore Order Mumbai, March 27, 2026 – Saatvik Green Energy Ltd. announced today that its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order worth INR 638.26 Crores from a renowned Solar Modules Manufacturer. The order is for the supply of Solar Cell G12 R Type.This significant commercial contract demonstrates the growing demand for Saatvik Solar Industries' products within the domestic solar module manufacturing sector. The order is expected to be executed by March 2027.Here’s a summary of the key details of the order:Sr. No.ParticularsDetails1Name of the entity awarding the order(s)/contract(s)Renowned Solar Modules Manufacturer...

Sundaram Clayton Limited Declares Interim Dividend Sundaram Clayton Limited announced a dividend of Rs. 4.50 per share, equivalent to 90% on 2,20,46,162 equity shares of Rs. 5 each, for the financial year ending March 31, 2026. The total amount absorbed for the interim dividend is Rs. 9.92 crore.The company designated April 3, 2026, as the record date for determining eligible shareholders for the interim dividend. Dividend payments will be made to shareholders holding shares in physical or electronic form, whose names are registered as of the record date. Payments are expected to be disbursed within 30 days of the declaration date, as stipulated by the Companies Act, 2013.Source:

Magson Retail And Distribution Limited Receives Pre-Clearance Application for Equity Share Sale Magson Retail And Distribution Limited announced on March 27, 2026, that it received a pre-clearance application from Mr. Maheshbhai Naranbhai Patel, a member of the Promoter Group, for the sale of equity shares in the company. The company approved the application.The transaction is being conducted in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Insider Trading Policy.Source:

Sonam Limited Appoints Additional Independent Director, Notes Resignation Sonam Limited announced the appointment of Tanishka Anilbhai Dhamejani as a Non-Executive Additional Independent Director, effective March 27, 2026. Simultaneously, the company noted the resignation of Disha Vishal Shah as an Additional Independent Director, also effective March 27, 2026.The decisions were made at a board meeting held on March 27, 2026, which began at 2:00 p.m. and concluded at 2:45 p.m.New Appointment Tanishka Anilbhai Dhamejani (DIN: 11317808) brings expertise in secretarial audits, legal due diligence, compliance reviews, and corporate governance. She is 32 years old and holds a CS and a BBA. Her remuneration will include a fee for...

Gabion Technologies India Ltd. Announces Board Decisions and Approvals Gabion Technologies India Ltd. announced key decisions following a meeting of its Board of Directors held on March 27, 2026. The meeting, which began at 2:00 p.m. and concluded at 2:45 p.m., addressed several important matters for shareholders.The Board approved a postal ballot to secure shareholder approval for the appointment of M/S. Vipin Aggarwal Kudsia & Associates as the Statutory Auditor of the company, filling a casual vacancy. The postal ballot, including remote e-voting, will be open from April 1, 2026, at 9:00 a.m. to April 30, 2026, at 5:00 p.m.March 27, 2026, was designated as the cut-off date/record date for determining shareholders eligible for the...

Cera Sanitaryware Receives Demand Order from Income Tax Department Cera Sanitaryware Ltd. announced the receipt of a demand order from the Assessment Unit of the Income Tax Department on March 26, 2026. The order pertains to the income tax return filed for the financial year 2023-24 (assessment year 2024-25).The Assessing Officer has made disallowances, resulting in a demand of ₹27.96 Crores under Section 156 of the Income-tax Act, 1961. Additionally, a show cause notice for penalty under Section 274 read with Section 270A of the Income Tax Act, 1961 has been issued.Cera Sanitaryware believes the demand is not maintainable and intends to file an appeal against the order. The company anticipates no material impact on its financial...

Escorts Kubota Secures Resolution of Tax Dispute, Demand Dropped Escorts Kubota Ltd. announced that the State Tax Officer in Chennai, Tamil Nadu, has dropped a tax demand of 46.79 Crores, including interest and penalty, related to the financial year 2019-20. The resolution follows prior notifications dated May 8, 2025, December 30, 2025, and January 30, 2026.The tax demand was initially raised through Show Cause Notices issued on May 7, 2025. The company contested the notices, arguing for the correct classification of agricultural tractors rather than road tractors, and for tax computation based on tractor turnover alone, rather than total GST turnover.The State Tax Officer’s order, dated March 26, 2026, resolves all outstanding tax...

Perfect Communications Private Limited Acquires Shares in Gateway Distriparks Limited Gateway Distriparks Limited announced that Perfect Communications Private Limited, a Promoter of the company, has acquired 3,566,930 equity shares through open market purchases on March 24-25, 2026.According to a regulatory filing, Perfect Communications Private Limited’s holding in Gateway Distriparks Limited has increased from 3.36% to 4.07% of the total share capital. This acquisition represents 0.71% of the total diluted share capital.Prior to the acquisition, Perfect Communications Private Limited held 16,774,613 shares, representing 3.36% of the total share capital. Following the purchase of 3,566,930 shares, the company now holds 20,341,543...

APSEZ Operationalizes India's First Port of Refuge to Boost Maritime Safety Adani Ports and Special Economic Zone Ltd (APSEZ) has operationalized India's first Port of Refuge (PoR), addressing a longstanding gap in maritime emergency infrastructure. The initiative aims to create a structured mechanism to handle maritime emergencies and vessels in distress.A tripartite memorandum of Understanding (MoU) with SMIT Salvage, the salvage and emergency response division of Royal Boskalis Westminster N.V. (Boskalis), and the Maritime Emergency Response Centre (MERC) brings global expertise and coordinated response capability.APSEZ will designate two sites as PoR: Dighi Port on the west coast and Gopalpur Port on the east coast. The...

Sundaram-Clayton Ltd. Announces Changes in Key Managerial Personnel Sundaram-Clayton Ltd. announced on March 27, 2026, a change in key managerial personnel. Mr. P.D. Dev Kishan, the company secretary and compliance officer, will step down from his role effective April 5, 2026, due to personal reasons.The company's board of directors has appointed Ms. M Muthulakshmi as the new company secretary and compliance officer, effective April 6, 2026. She will also serve as a key managerial personnel.Ms. Muthulakshmi is an Associate Member of the Institute of Company Secretaries of India (ICSI Membership No. A29727). She brings over 15 years of experience in corporate governance, statutory and regulatory compliance, sustainability...

Mphasis Schedules Board Meeting, Announces Trading Window Closure Mphasis Limited announced that a meeting of its Board of Directors is scheduled for Wednesday, April 29, 2026. The meeting will focus on approving the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the Auditor's Report, and will also consider a dividend recommendation.In accordance with securities regulations, the trading window for the company’s securities will be closed from Monday, March 23, 2026, to Friday, May 1, 2026, reopening on Saturday, May 2, 2026.Mphasis will host an Earnings Conference Call for investors and analysts on April 30, 2026, at 8:30 AM Indian Standard Time. Further details...

Jaiprakash Associates Resolves Arbitration with UltraTech Cement Jaiprakash Associates Ltd. (JAL) announced on March 27, 2026, that it has reached a consented arbitral award with UltraTech Cement Limited (UTCL) in relation to a pending arbitration. The arbitral award, dated March 25, 2026, stipulates that upon JAL’s receipt of settlement proceeds totaling INR 1,000,00,00,000 (INR One Thousand Crores) from UTCL, all claims and liabilities related to Series A Redeemable Preference Shares issued by UTCL in favor of JAL, also aggregating to INR 1,000,00,00,000 (INR One Thousand Crores), will be extinguished.Under the terms of the award, UTCL will be entitled to continue operating and maintaining the JP Super Plant and associated mines...

Brij Rattan Bagri Acquires 1,71,406 Equity Shares of BLB Ltd Brij Rattan Bagri, Promoter and Managing Director of BLB Ltd, has disclosed the acquisition of 1,71,406 equity shares of BLB Ltd through open market transactions on March 25, 2026. The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeover Regulations), 2011.Prior to the acquisition, Mr. Bagri held 2,38,59,142 shares, representing 45.13% of the total share/voting capital. Following the acquisition, his holding increased to 2,40,30,548 shares, equating to 45.46% of the total share/voting capital.The total equity share capital of BLB Ltd stands at Rs. 5,28,65,258.00, comprised of 52,86,5258 shares of Re. 1 each...

Aditya Vision Ltd. Schedules Investor Meetings Aditya Vision Ltd. announced plans to meet with analysts and institutional investors on April 2, 2026. The meeting will be held virtually with Nimida Capital.The company's latest investor presentation, accessible on its website www.adityavision.in, will be discussed during the meeting. According to the company, no unpublished price-sensitive information will be shared during the meeting.Aditya Vision Ltd. has 190 stores located in Bihar & Uttar Pradesh. The company’s contact numbers are +91-612-2520854 and +91-612-2520674. The company's CIN is L32109BR1999PLC008783 and GSTIN is 10AAECA0801E1ZS. Aditya Vision Ltd. is listed on the BSE with Scrip Code 540205 and Symbol AVL.Source: