Markets

Themis Medicare Receives Notice Regarding Outstanding Tax Demands Themis Medicare Ltd. announced today, March 26, 2026, that it received a notice under Section 226(3) of the Income Tax Act, 1961, from the Office of the Assistant Commissioner of Income Tax, Vapi Circle, Vapi. The notice pertains to outstanding tax demands for assessment years 2017-18, 2018-19, and 2020-21.The company is taking steps to defend the matter, including planning to file an appeal within the prescribed timelines. Themis Medicare believes it has adequate grounds to support its position.The aggregate outstanding tax demands are approximately Rs. 13.32 crore, comprised of demands for AY 2017-18 (Rs. 8.71 crore), AY 2018-19 (Rs. 4.17 crore), and AY 2020-21 (Rs...

Zaggle Prepaid Ocean Services Receives Income Tax Demand Notice Zaggle Prepaid Ocean Services Limited announced receipt of an Assessment Order and Notice of Demand under Section 156 of the Income Tax Act, 1961, for the Assessment Year 2024-25. The notice, received from the Assessment Unit, Income Tax Department on March 25, 2026, seeks a tax demand of Rs. 6,60,51,200.The assessment order was issued under Section 143(3) and includes ad-hoc additions to taxable income. Zaggle Prepaid Ocean Services intends to appeal the demand notice before the Commissioner of Income Tax (Appeals) or the NATIONAL FACELESS APPEAL CENTRE (NFAC).According to the company, the demand notice is based on primarily ad-hoc additions and will not have a...

Aegis Vopak Terminals Limited Assigns Rights to Acquire Ammonia Storage Terminal Aegis Vopak Terminals Limited entered into a Deed of Assignment with its subsidiary, Aegis Terminal (Pipavav) Limited (ATPL), on March 26, 2026. This agreement pertains to the assignment of rights for a specialized storage terminal for Ammonia at Pipavav Port to ATPL. The terminal has a static capacity of 36,000 MT.ATPL is a subsidiary of Aegis Vopak Terminals Limited, with the company currently holding an 86% equity stake. The company is in the process of transferring shares to Itochu Corporation.The assignment is considered a related party transaction, but it was completed on an arms-length basis.Details of the Agreement The table below summarizes...

Fino Payments Bank Limited Announces Bail for MD & CEO, Maintains Business Momentum Fino Payments Bank Limited announced that Rishi Gupta, its Managing Director & CEO, was granted bail by the Hon'ble Special Judge for Economic Offences in Hyderabad on March 26, 2026. The update follows previous disclosures on February 27, 2026, and March 24, 2026, regarding the ongoing investigation.The investigation, which involves program managers associated with multiple banks, does not relate to the Bank’s GST compliance. Fino Payments Bank Limited stated it will continue to fully cooperate with the authorities.Despite the ongoing investigation, the Bank reported continued healthy momentum in its core business. This is evidenced by a sustained...

RateGain Travel Technologies Ltd. Allots Equity Shares Under Employee Benefit Schemes RateGain Travel Technologies Limited announced the allotment of 41,309 equity shares under its RateGain - Stock Appreciation Rights Scheme - 2022 (SAR 2022) and RateGain Employee Stock Option Scheme - 2015. The allotment occurred on March 26, 2026.The move resulted in an increase in the company’s paid-up equity share capital from 118,124,117, representing 118,124,117 shares with a face value of Re. 1 each, to 118,165,426 shares, with a total share capital of Rs. 118,165,426.A breakdown of the allotments is provided in the table below:SchemeNumber of Shares AllottedRateGain - Stock Appreciation Rights Scheme - 202230,509RateGain Employee...

AVI Products India Ltd. Holds Adjourned Extraordinary General Meeting AVI Products India Ltd. held an adjourned Extraordinary General Meeting (EGM) on March 24, 2026, at 2:00 P.M. (IST) via video conferencing and other audio-visual means. The meeting was convened to address business matters outlined in a notice dated February 12, 2026.Pursuant to Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the consolidated outcome of voting along with a report from Scrutinizer Mr. Suprabhat Chakraborty of Suprabhat & Co.Key Resolutions and Voting ResultsThe following resolutions were put to a vote, with results as detailed in the attached...

Axiscades Technologies Appoints Giridhar Aramane as Additional Director March 26, 2026 – Axiscades Technologies Ltd. announced the appointment of Mr. Giridhar Aramane as an Additional Director (Non-Executive, Independent) effective March 26, 2026. The appointment was approved through a circular resolution by the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee. Mr. Aramane’s appointment is subject to shareholder approval.Mr. Giridhar Aramane, an Indian Administrative Service (IAS) officer, brings extensive experience to the role. He was appointed as a Non-Executive Director on the Board of IL&FS on May 23, 2025. Previously, he served as Defence Secretary to the Government of India from...

RateGain Travel Technologies Ltd. Grants Equity Shares Under Employee Stock Purchase Scheme RateGain Travel Technologies Limited announced on March 26, 2026, that its Nomination and Remuneration Committee has approved the grant of equity shares under the RateGain Employee Stock Purchase Scheme - 2023. A total of 67,631 shares were granted at a price of Rs. 750 per share.The vesting schedule for the granted shares is structured over a four-year period, with a 10% release in year one, 20% in year two, 30% in year three, and 40% in year four. The exercise period for these shares is three years.Below is a summary of the grant details:SchemeShares grantedOffer/Grant PriceScheduleExercise periodRateGain ESPS Scheme - 202367,631Rs...

3i Infotech Ltd. Receives Cybersecurity Work Order Valued at ₹1.26 Crores March 26, 2026 – 3i Infotech Ltd. announced today that its U.S.-based subsidiary, 3i Infotech Inc., has secured a work order from a leading U.S. credit union. The order, received on March 25, 2026, involves the design and implementation of Zero Trust - Identity and Access Governance (IAG) within the cybersecurity domain.The engagement entails the end-to-end implementation of the Saviynt IAM platform, architecture of tailored IAM solutions, and optimization of existing environments. Services also include the configuration and deployment of Saviynt connectors, along with risk identification and reporting. The total value of the work order is approximately ₹1.26...

Sadbhav Engineering Ltd. Allots Debentures in Two Tranches Sadbhav Engineering Ltd. announced the allotment of non-convertible debentures (NCDs) in two tranches to existing lenders on March 25, 2026, as part of a debt restructuring plan.The first tranche comprises 36,376 NCDs with a face value of Rs. 1,00,000 each, totaling Rs. 3,63,76,00,000. The second tranche includes 34,949 NCDs with the same face value, aggregating to Rs. 3,49,49,00,000.The debentures are unlisted, secured, taxable, redeemable, and non-convertible, issued at par on a private placement basis and held in dematerialized form.Interest on NCD-I debentures is set at 9% per annum, payable along with the principal amount on the redemption date. NCD-II debentures have...

STL Networks Ltd. Announces Board Decisions and Postal Ballot Notice Mumbai – March 26, 2026 – STL Networks Ltd. announced today that its Board of Directors met on March 26, 2026, commencing at 7:15 PM and concluding at 8:30 PM.During the meeting, the Board approved the Notice of Postal Ballot for several items of business, including entering into material related party transactions with Sterlite Technologies Limited and Sterlite Tech Cables Solutions Limited, both fellow subsidiaries.The Board also approved the exercise of the Company's borrowing powers under section 180 (1)(c) of the Companies Act, 2013, and the creation of charges on the movable and immovable properties of the company, both present and future, in respect of...

Sadbhav Engineering Limited Enters Master Restructuring Agreement for Debt Sadbhav Engineering Limited announced on March 26, 2026, that it has entered into a Master Restructuring Agreement (MRA) with a majority of the consortium lenders for a debt restructuring plan.The MRA, executed on March 25, 2026, involves debt aggregating to Rs. 1,516.71 Crores, comprising a fund-based exposure of Rs. 906.35 Crore and non-fund based limits of Rs. 610.36 Crore. The fund-based exposure will be restructured as convertible debentures.Parties Involved and Terms of AgreementThe MRA was executed by Sadbhav Engineering Limited, IDBI Trusteeship Services Limited (as security and debenture trustee), and the following lenders: Punjab National Bank...

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...