Markets

Privi Speciality Chemicals Subscribes to Equity Share Capital in Joint Venture Company Privi Speciality Chemicals Limited announced a subscription towards equity share capital in Prigiv Specialties Private Limited, a joint venture with Givaudan SA, Switzerland, on March 26, 2026. The move follows a Joint Venture Agreement initially established on July 29, 2021, and subsequent Amendment Agreements.The Board of Directors of Prigiv Specialties Private Limited approved the allotment of equity share capital on the same date. The preferential allotment occurred at a price of 10 rupees per equity share.Post-allotment, the paid-up capital of the joint venture company is detailed below:Name of ShareholderTotal Paid up Capital pre-...

Marathon Nextgen Realty Receives BSE’s ‘No Adverse Objection’ for Composite Scheme of Amalgamation and Arrangement Marathon Nextgen Realty Limited announced it has received an observation letter dated March 25, 2026, from the BSE Limited with “no adverse objection” regarding the Composite Scheme of Amalgamation and Arrangement.The scheme involves Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, Matrix Enclaves Projects Developments Private Limited, Matrix Land Hub Private Limited, Marathon Nextgen Realty Limited, and Marathon Energy Private Limited.The scheme remains subject to approval from shareholders and creditors of the respective companies and other statutory and...

Ramco Industries Limited Receives Order from Income Tax Department Ramco Industries Limited announced it received an order from the Assessment Unit of the Income Tax Department on March 26, 2026. The order pertains to the Assessment Year 2017-18 and includes a demand of ₹23,79,146.The order levies a penalty of ₹23.79 lakhs under Section 270A of the Income Tax Act. The penalty arises from a difference in interpretation concerning the disallowance made under Section 14A. The company plans to file an appeal against this order.The impact on the financial activities of Ramco Industries Limited is quantifiable at ₹23,79,146.S. Balamurugasundaram, Company Secretary & Legal Head, confirmed the receipt of the order.Source:

Odigma Consultancy Solutions Limited Announces Leadership Changes Odigma Consultancy Solutions Limited announced changes to its leadership team on March 26, 2026. The company’s Board of Directors accepted the resignation of Ms. Guddi Bharatbhai Chauhan as Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on March 26, 2026. Ms. Chauhan is relocating abroad for personal reasons.The Board appointed Ms. Saumya Yagnik as Chief Financial Officer and Key Managerial Personnel, effective from the start of business hours on March 27, 2026.Ms. Yagnik holds a Bachelor of Commerce degree, is a qualified Chartered Accountant, and possesses an Information Systems Audit (ISA) certification. She has...

East India Drums and Barrels Manufacturing Ltd. Receives Order from Indian Oil Corporation Limited East India Drums and Barrels Manufacturing Ltd. announced today it has received a Letter of Acceptance (LOA) from Indian Oil Corporation Limited, reference no. MnC/LUB-36/PT-115/25-26/371 dated March 25, 2026. The LOA is for the procurement and supply of 1.0 mm MS Plain and Epoxy Coated Barrels for locations including LBP Taloja, LBP Trombay, LBP Mumbai, LBP Silvassa, and LBP Khapri, spanning a 12-month period.The total contract value is Rs. 4,59,90,000. Barrels will be supplied to Silvassa.According to Madhav Valia, Managing Director, the order reinforces the company's established relationship with Indian Oil Corporation Limited and...

JSW Energy Limited Wins Supreme Court Case Regarding Generation Based Incentive JSW Energy Limited announced a favorable outcome in a long-standing legal dispute concerning Generation Based Incentive (GBI) payments. The decision, issued by the Hon'ble Supreme Court on March 25, 2026, dismissed an appeal filed by the Andhra Pradesh DISCOMs.The case originated from a writ petition filed by the Indian Wind Power Association, of which JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, is a member. The petition challenged an order issued on July 28, 2018, by the Andhra Pradesh Electricity Regulatory Commission (APERC) that permitted the DISCOMs to deduct GBI from energy payments, impacting JSW Neo Energy Limited's subsidiaries...

Befound Movement Limited Announces Board Meeting and Director Appointment Befound Movement Limited, formerly known as Regency Trust Limited, announced a board meeting scheduled for Friday, March 27, 2026. The meeting will address the appointment of a new director.The board will consider and approve the appointment of Ms. Sakshi Dubey (DIN: 11632384) as an Additional Non-Executive Women Independent Director. This appointment is contingent on approval from the company’s members.Befound Movement Limited is headquartered in Salt Lake City, West Bengal, and maintains a corporate office in Mumbai.Source:

Hindustan Foods Limited Receives Demand Orders for FY 2019-20 Hindustan Foods Limited announced today, March 26, 2026, that it received demand orders from the Commercial Taxes Department in Tindivanam, Tamil Nadu, pertaining to fiscal year 2019-20.The demand orders relate to an alleged excess refund released and aggregate to Rs. 4,95,16,269. This total includes a tax penalty of Rs. 2,24,12,410 and interest of Rs. 2,71,03,859.According to the company, the demand orders do not have a material impact on its financials, operations, or other activities, and Hindustan Foods Limited is contesting the order.ParticularsDetailsSr No.Name of the authorityOffice of the Commercial Tax Officer- Tindivanam, Tamil Nadu2Nature and details...

Vivid Mercantile Ltd. Announces Rights Issue of Equity Shares Vivid Mercantile Limited announced on March 26, 2026, that its Board of Directors approved a rights issue to raise funds. The meeting of the Board of Directors commenced at 4:00 P.M. and concluded at 5:15 P.M.The company plans to issue up to 5,01,28,200 fully paid-up equity shares of a face value of ₹ 1/- each, at an issue price of ₹ 5/- per share. The total amount to be raised aggregates up to ₹ 2506.41 Lakhs.Details of the rights issue are outlined below:ParticularsDetailsType of SecuritiesFully Paid-up Equity shares of face value of ₹ 1/- eachType of IssuanceRights Issue of Fully Paid-Up Equity SharesTotal Number of SecuritiesUp to 5,01,28,200 Equity Shares...

Relaxo Footwears Appoints Amit Roy as Chief Financial Officer Relaxo Footwears Ltd. announced the appointment of Amit Roy as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective April 1, 2026. The appointment was approved by the company’s Board of Directors during a meeting held on March 26, 2026.Amit Roy brings over 30 years of experience in finance and accounts, treasury, taxation, and corporate strategy. He previously served as Sr. General Manager- Finance at Relaxo Footwears for 13 years, and most recently held the position of VP (F&A) at Caretel Infotech Ltd. (Dalmia Group CO.). He also held the role of Divisional Financial Controller at Jubilant Organosys Ltd. Roy is a Chartered Accountant, Cost...

Hindustan Organic Chemicals Ltd. Engages Consultant for Hindustan Fluorocarbons Limited Closure Hindustan Organic Chemicals Limited (HOCL) has appointed M/s. Link Legal, New Delhi, to assist with the closure activities of its subsidiary, Hindustan Fluorocarbons Limited (HFL). The engagement was formalized through a Letter of Intent (LOI) as part of the HFL closure process.The contract, valued at Rs. 18.88 lakhs, has a duration of one year. A formal work order outlining the complete scope of work and detailed terms and conditions will be issued separately. The order is considered a domestic engagement and does not involve any related parties.HOCL, a Government of India enterprise, is based in Ambalamugal, Kerala.Source:

NLC India Limited Receives Ratings Affirmation from India Ratings & Research NLC India Limited has announced that India Ratings & Research Private Limited has affirmed its credit ratings. The ratings pertain to various debt instruments of the company.According to the review, NLC India Limited’s Bank loan facilities hold a rating of IND AAA/ Stable/ IND A1+, while its Commercial Papers (CPs) maintain a rating of IND A1+. The Non-Convertible Debenture (NCD) has been affirmed at IND AAA/Stable.The following table summarizes the ratings:Instrument TypeAmount (₹ crore)Rating/OutlookRating ActionBank loan facilities2,923IND AAA/ Stable/ IND A1+AffirmedCommercial Papers (CPs)6,000IND A1+AffirmedNon-Convertible Debenture...

PNGS Reva Diamond Jewellery Ltd. Schedules Investor Call PNGS Reva Diamond Jewellery Limited announced a virtual meeting with Centrum PMS scheduled for Wednesday, April 1, 2026. The meeting will be held virtually, in a one-to-one format, from 4:30 PM to 5:30 PM. The company noted that changes to the meeting schedule may occur due to unforeseen circumstances. No unpublished price-sensitive information will be shared during the meeting.Kirti Vaidya, Company Secretary & Compliance Officer, made the announcement.Source:

Vardhman Polytex Limited Allots 31,25,000 Shares Following Warrant Conversion Vardhman Polytex Limited announced the allotment of 31,25,000 equity shares on March 26, 2026, resulting from the conversion of 31,25,000 warrants. The decision followed a board meeting held on the same date.The warrants were initially issued on a preferential basis to a promoter group entity on March 27, 2025, at a price of Rs. 12.55 per warrant, convertible into one equity share of Re. 1 each. The company received an amount of Rs. 2,94,14,063, representing 75% of the issue price per warrant, triggering the conversion.The equity shares were allotted at a price of Rs. 12.55 per share, including a premium of Rs. 11.55 per share. This conversion has...

Vimla Inani Acquires 10,000 Shares of Inani Marbles & Industries Ltd. Inani Marbles & Industries Ltd. announced that Vimla Inani has acquired 10,000 equity shares, according to a filing submitted March 26, 2026.Vimla Inani, a promoter of the company, acquired the shares through an open market transaction on March 24, 2026. This acquisition increased her total holding in the company.Prior to the acquisition, Vimla Inani held 8,13,962 shares, representing 4.37% of the company’s total share/voting capital. Following the acquisition of 10,000 shares, her holding has increased to 8,23,962 shares, now representing 4.42% of the company’s total share/voting capital.The total equity share capital/total voting capital of Inani Marbles &...

Fino Payments Bank Schedules Analyst Meeting Fino Payments Bank Limited announced plans for an upcoming meeting with investors and analysts. Representatives of the bank will meet with One-Up Financial Consultants Private Limited on Friday, March 27, 2026.The meeting, scheduled for 3:30 PM to 4:30 PM (IST) in BKC, Mumbai, will be conducted in person.According to the company, only publicly available information will be shared during the interaction, and no unpublished price-sensitive information will be discussed.Entity NameOne-Up Financial Consultants Private LimitedMeeting TypeOne to OneModeIn PersonTimings3:30 PM - 4:30 PM (IST)VenueBKC, MumbaiSource:

Lend Lease Company (India) Limited Acquires Equity Shares in Nexome Capital Markets Limited Kolkata – March 26, 2026 – Lend Lease Company (India) Limited announced the acquisition of equity shares in Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited). The acquisition was disclosed on March 26, 2026, in accordance with the Securities and Exchange Board of India (SEBI) Insider Trading Regulations.Lend Lease Company (India) Limited, a Promoter Group entity, acquired 1,161,988 equity shares of Nexome Capital Markets Limited on March 24, 2026, representing 11.54% of the issued and paid-up Equity Share Capital. The total value of the acquisition amounted to ₹8,71,49,100.Prior to the acquisition, Lend Lease Company...

Sandhar Technologies to Establish Automotive Manufacturing Facility in Mexico Sandhar Technologies Ltd. announced Thursday the establishment of an assembling/manufacturing facility for its automotive business in Mexico. The board of directors approved the proposal during a meeting held March 26, 2026, which commenced at 3:00 P.M. and concluded at 5:15 P.M.The expansion aims to strengthen the company's international presence, improve proximity to key customers and original equipment manufacturers (OEMs), and achieve operational and supply chain efficiencies. The facility will be established through either a branch office, a wholly owned subsidiary, or another permissible entity under Mexican law.Further details regarding the...

Globesecure Technologies Limited Announces Board Decisions and Acquisition Update Globesecure Technologies Limited announced several key decisions following a board meeting held on March 26, 2026.The Board of Directors approved a change in designation for Mr. Chintankumar Barot, who will transition from Additional Non-Executive Director to Additional Executive Director, effective May 1, 2026. Mr. Barot, aged 39, has experience in business operations, real estate investments, and corporate management. He is a graduate in B.Com and has previously served as a Director of Starlet Adtech Private Limited since 2016.The Board noted that a loan granted to a Director has been fully repaid and approved the initiation of necessary corrective...

EaseMyTrip and MSTC Announce Exclusive Partnership to Power Travel Services for Government Sector New Delhi, March 27, 2026 – EaseMyTrip (Easy Trip Planners Ltd.), a leading online travel-tech platform, has entered into an exclusive partnership with MSTC Ltd., a Government of India enterprise under the Ministry of Steel, to provide comprehensive, technology-enabled travel solutions.Under the agreement, EaseMyTrip will integrate its APIs with MSTC's system, enabling access to a wide range of travel services including flights, hotels, holiday packages, bus bookings, activities, and cab services. This collaboration will facilitate corporate travel for Government sector organizations, leveraging EaseMyTrip’s extensive travel inventory and...