Markets

Go Digit General Insurance Receives Income Tax Order Go Digit General Insurance Ltd. announced it received an order on March 25, 2026, from the Office of the Assistant Commissioner of Income-Tax, Central Circle 6(2), Mumbai, raising an income tax demand of Rs. 3,84,43,19,480, including Rs. 1,00,38,89,700 in interest. The demand pertains to the Assessment Year 2023-24.The order increases the company’s total taxable income due to adjustments relating to disallowances primarily concerning industry-wide issues, including the provision for Incurred But Not Reported (IBNR) and Incurred But Not Enough Reported (IBNER) claims, as well as non-deduction of tax deductions at source (TDS) on certain expenses and reinsurance premiums.The company...

Archean Chemical Industries Limited Enters Loan Agreement to Support Semiconductor Facility Archean Chemical Industries Limited announced a loan agreement with its Wholly Owned Subsidiary (WOS) Company, Neun Infra Private Limited, on March 26, 2026. The agreement is intended to fund the procurement of long-lead machinery, equipment, and associated items for the compound semiconductor manufacturing facility of SiCSem Private Limited.SiCSem Private Limited, for which Neun Infra Private Limited is the holding company, has received approval under the India Semiconductor Mission (ISM) of the Government of India. The funding supports the advancement of capital commitments for the facility.The loan agreement details are as follows...

Dodla Dairy Schedules Analyst Meetings in Hyderabad Dodla Dairy Ltd. announced it will host a group meeting with investors and analysts on April 7, 2026, in Hyderabad. The meeting, organized by DAMCapital, is scheduled to begin at 11:00 am.Discussions during the meeting will be limited to publicly available information and no unpublished price sensitive information will be disclosed. The company may adjust the schedule due to unforeseen circumstances.Source:

CDG Petchem Ltd. Announces Leadership Change and Registered Office Relocation CDG Petchem Ltd. announced several key changes following a board meeting held on March 26, 2026. The board approved the resignation of Manoj Kumar Dugar from the position of Managing Director, effective March 26, 2026.The board also approved the relocation of the company’s registered office from the State of Telangana to the State of Punjab, pending shareholder approval at an upcoming Extraordinary General Meeting and confirmation from the Regional Director.Following the completion of an open offer, the company announced the reclassification of several promoters to the public category.Name of Promoter(s) and promoter group (s)No. of Shares Held Pre-...

SRM Energy Limited Appoints New Chief Financial Officer and Secretarial Auditor SRM Energy Limited announced the appointment of Umesh Narpatchand Sanghvi as Chief Financial Officer (CFO), effective March 26, 2026. The decision was made by the Board of Directors following a recommendation from the Nomination & Remuneration Committee.Mr. Sanghvi, aged 44, is a member of the Institute of Chartered Accountants of India and brings over 19 years of experience in banking, finance, debt and equity fund raising, and wealth management. He is currently Managing Director and Promoter of the Company.The Board also approved the appointment of M/s HSPN & Associates LLP as the company’s Secretarial Auditors for the fiscal years 2025-2026 through...

Hi-Green Carbon Limited Secures Enhanced Credit Facility from Central Bank of India Hi-Green Carbon Limited announced on March 26, 2026, that its Board of Directors approved an enhancement of its credit facility with Central Bank of India. The company secured a Cash Credit Limit of 20.00 Crores, an increase from the previous limit of 10.00 Crores.The loan, intended for business operations, carries a total outstanding of 9.98 Crores as of March 26, 2026. As part of the agreement, Hi-Green Carbon Limited will provide a charge by way of mortgage over immovable properties and hypothecation over movable properties and current assets.The Board meeting commenced at 5:00 P.M. and concluded at 5:30 P.M.ParticularsDetailsLenderCentral...

Lakshya Powertech Limited Acquires Stake in Subsidiary, Plans Joint Venture Lakshya Powertech Limited announced on March 26, 2026, that its Board of Directors approved the acquisition of a 51% equity stake in Lakshya EPC Private Limited, making it a subsidiary of Lakshya Powertech. The acquisition involves 5,100 equity shares at a value of Rs. 10 each, totaling Rs. 51,000.Additionally, the Board approved the formation of a joint venture with Multitex Filtration Engineers Limited. Lakshya Powertech and Multitex will acquire 51% and 49% stakes, respectively, in the new joint venture, with shares priced at Rs. 10 per share, aggregating to a total consideration of Rs. 51,000 and Rs. 49,000, respectively.The company stated that the joint...

RailTel Corporation Secures Order Worth Rs. 14.29 Crore for Smart Classroom Project RailTel Corporation of India Limited announced it has received a Letter of Acceptance (LoA) from the Department of Education Samagra Shiksha for a project focused on establishing smart classrooms. The project involves 596 government schools in Himachal Pradesh under the Samagra Shiksha program.The order, received on March 25, 2026, at 18:17, has an estimated size of Rs. 14,29,20,562 (including tax). The project is slated for completion by March 24, 2027.According to the LoA, the project is a domestic order and does not involve any related party transactions. Promoters, promoter groups, or group companies have no interest in the Department of...

Kirloskar Industries Ltd. Faces Penalty from Income Tax Department Kirloskar Industries Ltd. announced that the Income Tax Department has imposed a penalty of ₹ 1,74,72,436 under Section 270A of the Income Tax Act, 1961. The order, dated March 25, 2026, was issued by the National Faceless Assessment Centre.The penalty relates to the disallowance of certain expenses for the Assessment Year 2018-2019.According to the company, the penalty is not expected to have a material impact on its financial operations. Kirloskar Industries Ltd. is currently in the process of filing an appeal against the order.Penalty DetailsThe details of the penalty are summarized below:DetailInformationIssuing AuthorityNational Faceless Assessment...

Aegis Vopak Terminals Ltd. Approves Sale of Stake in Subsidiary, Assigns Rights for Ammonia Storage Aegis Vopak Terminals Limited announced on March 26, 2026, that its Board of Directors has approved the proposed sale of a 10% equity stake in Aegis Terminal (Pipavav) Limited (ATPL), a subsidiary company, to Itochu Corporation. The aggregate consideration for the sale is INR 80,32,00,000. Following the sale, Aegis Vopak Terminals Limited will retain an 86% equity stake in ATPL.Additionally, the Board approved the assignment of rights to acquire a specialized storage terminal for Ammonia at Pipavav Port to ATPL. This assignment references a prior agreement dated June 19, 2025, involving Aegis Logistics Limited, a promoter company. A...

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...