Markets

Jupiter Infomedia Announces Leadership Changes at Netlink Solutions Following Open Offer Mumbai – March 26, 2026 – Jupiter Infomedia Ltd. today announced changes in leadership at its material subsidiary, Netlink Solutions (India) Limited, following the completion of an open offer. The open offer was made by M/s Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad, collectively referred to as the Acquirers, under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This action stems from the Acquirers’ acquisition of 51.00% of the paid-up equity share capital of Jupiter Infomedia Limited, the holding company of Netlink Solutions (India) Limited.As a result of the change in...

Epuja Spiritech Limited to Seek Shareholder Approval for Reclassification and Stock Options Epuja Spiritech Limited announced on March 26, 2026, that it will seek approval from its shareholders via postal ballot through electronic voting for two special business matters. The company is requesting reclassification for Winfotel Infomedia Technologies Pvt Ltd and Divit India Services Pvt Ltd from a "Promoter" category to a "Public" category shareholder. Additionally, the company aims to add 30,00,000 stock options under the 'EPUJA SPIRITECH EMPLOYEE STOCK OPTION SCHEME 2026.The reclassification request was submitted by Winfotel Infomedia Technologies Pvt Ltd and Divit India Services Pvt Ltd. Upon approval, Winfotel Infomedia Technologies...

Zelio E-Mobility Limited Enters into Sponsorship Agreement for Indian Premier League Zelio E-Mobility Limited announced on March 26, 2026, that it has entered into a Memorandum of Understanding (MoU) with K.P.H. Dream Cricket Private Limited and ITW Catalyst Private Limited. The agreement details sponsorship and association rights related to the 2026 season of the Indian Premier League.The MoU aims to promote and market Zelio E-Mobility’s brand “Zelio” through its association with the Punjab Kings team. The value of the agreement is INR 1,50,00,000 exclusive of applicable taxes.According to the agreement, Zelio E-Mobility will receive branding, digital rights, in-stadia activation, and promotional rights from K.P.H. Dream Cricket...

Aptus Pharma Ltd. Announces Increase in Authorized Share Capital and Bonus Equity Share Issue Aptus Pharma Ltd. announced on March 26, 2026, that its Board of Directors approved an increase in the company’s Authorized Share Capital and a bonus equity share issue in a ratio of 3:2.The bonus equity share issue will involve the capitalization of ₹10,29,00,000 from the company's Securities Premium Account, resulting in the issuance of 1,02,90,000 equity shares with a face value of ₹10 each. This translates to a total issuance value of ₹10,29,00,000.Share Capital details are presented in the table below:ParticularsPre Bonus IssuePost Bonus IssueShare CapitalNo. of Shares68,60,0001,02,90,000Face Value (in Rs.)1010...

Ishaan Infrastructures and Shelters Limited Appoints New Director, Announces Resignation Ishaan Infrastructures and Shelters Limited announced on March 26, 2026, that its Board of Directors approved the appointment of Ms. Megha Sharan as a Non-Executive Independent Director (Additional Director), effective March 26, 2026. Simultaneously, the Board accepted the resignation of Mr. Arvind Kumar Bhandari from the same position, also effective March 26, 2026, due to pre-occupation and personal reasons.Ms. Sharan brings experience across corporate and social sector roles, with expertise in governance, compliance, and organizational management. She maintains a strong regulatory track record with no disqualification under Section 164(2) of...

Take Solutions Limited Appoints New Statutory Auditors Take Solutions Limited announced the appointment of M/s. A. Raghavendra Rao & Associates, Chartered Accountants, as the company's new Statutory Auditors, effective March 26, 2026. The appointment fills a casual vacancy resulting from the resignation of M/s. Venkat and Rangaa LLP, Chartered Accountants.The decision, recommended by the Audit Committee, requires shareholder approval. M/s. A. Raghavendra Rao & Associates (FRN: 003324S and PRC No.: 018363) brings nearly four decades of professional experience, primarily engaged in statutory audits, tax audits, and advisory services across various sectors including manufacturing, banking, infrastructure, information technology...

Everest Industries Limited Appoints Niranjan Gokhale as Internal Auditor and Chief Risk Officer Everest Industries Limited announced the appointment of Niranjan Gokhale as Internal Auditor and Chief Risk Officer, effective April 8, 2026. The Board of Directors approved the appointment at a meeting held on March 26, 2026, entrusting him with the additional role and responsibilities following the resignation of the previous Internal Auditor and Chief Risk Officer.Mr. Gokhale holds an MBA from McMaster University, Canada, a Master of Science in Industrial & Systems Engineering from Lehigh University, USA, and a Bachelor of Engineering in Mechanical Engineering from the College of Engineering, Pune University, India. He is also certified...

Sabar Flex India Limited Acquires Abode Foods & Beverages Private Limited Sabar Flex India Limited announced March 26, 2026, that it has acquired 100% of the paid-up share capital of Abode Foods & Beverages Private Limited. The acquisition involved the purchase of 10,000 equity shares. As a result of the acquisition, Abode Foods & Beverages Private Limited has become a wholly-owned subsidiary of Sabar Flex India Limited, effective March 26, 2026.The acquisition aligns with Sabar Flex India Limited's strategy for business expansion and diversification.Details of the Acquired EntityAbode Foods & Beverages Private Limited is engaged in the business of Food & Beverages and Agro. The company was incorporated in India (CIN...

Indusind Bank Receives ESG Rating of 66 from ESG Risk Assessments and Insights Limited Indusind Bank Ltd. announced today that it has been assigned an Environmental, Social, and Governance (ESG) rating of 66 by ESG Risk Assessments and Insights Limited (ESGRI). The rating was independently assigned based on publicly available information for fiscal year 2026.ESGRI reported the rating on March 26, 2026, and the details are available on the website of the Bombay Stock Exchange (BSE). Indusind Bank did not engage ESGRI for this rating.The information is also available on the bank’s website at www.indusind.bank.in.Source:

Godrej Consumer Products Limited Appoints M. Pradeep Kumar as Chief Customer Officer Godrej Consumer Products Limited (GCPL) announced the appointment of M. Pradeep Kumar as Chief Customer Officer, effective April 1, 2026.According to a company statement, Kumar will join GCPL Global Management Council and will have responsibility for India Sales, SAARC, and GCPL International. He will also lead the development of global sales capabilities.Kumar brings over 25 years of sales experience within GCPL. Previously, he played a key role in establishing GCPL International, mentoring the team building the SAARC business, and establishing the Daksh channel for Pakistan. He has also previously led India Sales and held multiple tenures as...

Athena Global Technologies Ltd. Reports Voting Results for Extraordinary General Meeting Date: March 26, 2026Athena Global Technologies Limited (Scrip Code: 517429) announced the results of the Extraordinary General Meeting (EGM) held on Wednesday, March 25, 2026, at 12:00 Noon via video conference/other audio-visual means. The meeting involved 8,150 shareholders as of the record date.Voting Highlights:PARTICULARSDETAILSDate of EGMWednesday, March 25, 2026Total number of shareholders as on Record Date/Cut-off Date8150No. of Shareholders attended the meeting through video conference59E-Voting PeriodSunday, March 22, 2026 to Tuesday, March 24, 2026All resolutions presented at the EGM were passed by a requisite...

Sabar Flex India Limited Acquires Pionex Agricom Private Limited Sabar Flex India Limited announced on March 26, 2026, that it has acquired 100% of the paid-up share capital of Pionex Agricom Private Limited. The acquisition involved the purchase of 21,60,000 equity shares.Consequent to the acquisition, Pionex Agricom Private Limited has become a wholly-owned subsidiary of Sabar Flex India Limited, effective March 26, 2026. The acquisition is in line with the company’s strategy for business expansion and diversification.Pionex Agricom Private Limited is engaged in agro business. The company’s turnover for fiscal year 2024-25 was X 4,884.72 Lakhs, and X 3,398.25 Lakhs for fiscal year 2023-24. The company was incorporated in India...

TVS Srichakra Limited Receives Income Tax Demand Notice TVS Srichakra Limited announced it has received an Income Tax Demand Notice from the Assessment Unit of the Income Tax Department. The notice, dated March 26, 2026, relates to a disallowance under Section 14A for the fiscal year 2017-18 (Assessment Year 2018-19).The demand notice, identified by DIN No. ITBA/AST/S/156/202526/1087920366(1), includes a total demand of ₹29.47 crores, encompassing tax, interest, and proposed penalties for under-reporting of income under Section 270A.According to the company, it does not anticipate any material financial impact from the notice, citing that the discrepancies identified by the tax authority do not fully consider prior submissions and...

Deepak Nitrite Limited Invests in Deepak Chem Tech Limited Deepak Nitrite Limited (DNL) announced an investment in Deepak Chem Tech Limited (DCTL) on March 26, 2026. DCTL, a wholly owned subsidiary of DNL, issued and allotted 1,10,00,000 (1.1 million) 9% Optionally Convertible Redeemable Preference Shares (OCRPS) with a face value of ₹100 each, aggregating to ₹110 Crores to Deepak Phenolics Limited (DPL), another wholly owned subsidiary of the company. Additionally, DCTL allotted 25,00,000 (0.25 million) 9% OCRPS, also with a face value of ₹100 each, aggregating to ₹25 Crores to DNL.DCTL’s present paid-up capital, prior to the allotment, was ₹2099.50 Crores, comprising ₹499.50 Crores in equity shares and ₹1600 Crores in preference...

Laxmi Dental Ltd. Approves Amalgamation of Bizdent Devices Private Limited Mumbai – March 26, 2026 – Laxmi Dental Limited (BSE: 544339, NSE: LAXMIDENTL) announced today that its Board of Directors has approved a scheme of amalgamation with Bizdent Devices Private Limited, a wholly-owned subsidiary. The amalgamation is intended to simplify the company’s structure, improve operational efficiency, and enhance stakeholder value.The scheme, which is subject to statutory and regulatory approvals, including approval from the Regional Director and stock exchanges, will consolidate the businesses of Bizdent Devices Private Limited and Laxmi Dental Limited.According to details released by the company:Transferor Company: Bizdent Devices...

PCBL Chemical Limited Faces Tax Penalty of ₹10.21 Crore PCBL Chemical Limited announced on March 26, 2026, that it has received an order from the Office of Assistant Commissioner, State Tax Bhagwanpur, Haridwar, Uttarakhand, related to the detention of a vehicle. The order confirms a demand of ₹2,55,420 in penalty and ₹7,66,260 in fine, totaling ₹10.21 crore, under section 130 of the CGST Act, 2017.The penalty and fine stem from an address mismatch in a Tax Invoice and Eway Bill. According to the company's evaluation, the order is not expected to have a material impact on PCBL Chemical Limited's financial, operational, or other activities.Details of the Order:ParticularsInformation / RemarksName of the authorityOffice of...

Prestige Group and Arihant Group Jointly Acquire Prime Land Parcel in Chennai, Adding GDV of ₹ 5,000 Crores Chennai, March 26, 2026: Prestige Group, a leading real estate developer in India, and Arihant Group, a Chennai-based real estate company, have jointly acquired a 16.331 acre land parcel in Padi, Chennai. The acquisition was undertaken through Canopy Living LLP, a joint venture between Prestige Estates Projects Limited and Arihant Foundations and Housing Ltd.The land parcel is planned for a premium residential project with a total saleable area of approximately 3.6 million square feet and an estimated revenue potential of ₹ 5,000 crore.Located in Padi, near Anna Nagar, the site benefits from established infrastructure and...

InterGlobe Aviation to Contest GST Order InterGlobe Aviation Ltd., the parent company of IndiGo, announced on March 26, 2026, that it has received an order from the Additional Commissioner, CGST Gurugram Commissionerate. The order pertains to Goods and Services Tax (GST) proceedings covering the period from FY 2019-20 to FY 2024-25.According to the order, the department has imposed a demand of INR 42,92,24,671 along with interest and penalty for services the company states were not received and paid. InterGlobe Aviation believes the order is not in accordance with law and has received advice from external tax advisors to that effect.The company plans to contest the order and pursue appropriate legal remedies. Management noted that...

Mphasis Ltd. Receives Income Tax Assessment Order Mphasis Limited announced that it received an Assessment Order under Section 143(3) read with Section 144B and a Notice of Demand under Section 156 of the Income-Tax Act, 1961, on March 25, 2026. The order pertains to Assessment Year 2023-24.The assessment order stemmed from the selection of the Company's case for scrutiny under Section 143 of the Income Tax Act, 1961. The order details variations in income reported in the Company’s return of income and as assessed by the assessing officer.The Income Tax Department’s Assessment Unit issued the communication. The total amount of the notice of demand is Rs. 2286.86 crores.According to management, the financial impact of the order is...

Styrenix Performance Materials Limited Receives Order from Income Tax Department Styrenix Performance Materials Limited, formerly known as INEOS Styrolution India Ltd., announced receipt of an order from the Assessment Unit, Income Tax Department on March 26, 2026.The order, issued under Section 143(3) read with Section 144B of the Income Tax Act, pertains to a faceless assessment for the Assessment Year 2024-25. The assessed demand is INR 2,14,44,080. The company received the order at 11:01 PM on March 25, 2026.According to Styrenix Performance Materials Limited, the order is not expected to have a material impact on the company’s financial position, operations, or other activities. The company intends to evaluate the matter and...