Markets

Jyoti Ltd. Receives Assessment Order for A.Y. 2024-25 Mumbai – March 25, 2026 – Jyoti Ltd. announced today that it received an assessment order from the Income Tax Department’s National Faceless Assessment Unit for the Assessment Year 2024-25.The assessment order concerns income tax disallowances and levies an Income Tax Demand (Including Interest) of Rs. 5.06 crores. The company stated it possesses adequate factual and legal grounds to support its position regarding the matter and intends to appeal the order before the appropriate authority.Jyoti Ltd. anticipates that the assessment will not have a material impact on the company’s financial, operational, or other activities. The assessment order was received by the Company on March...

Arkade Developers Limited Launches Luxury Project, Arkade Evoke Arkade Developers Limited has announced the launch of Arkade Evoke, a luxury residential project located in Goregaon West, Mumbai. The project, appealing to luxury buyers, has a Gross Development Value (GDV) of ₹230 crore. This marks Arkade’s eighth residential development in the Goregaon-Malad area.Strategically located in Goregaon West, the project spans 1.09 acres and benefits from connectivity, including proximity to the Arkade Bangur Nagar metro station.Arkade Evoke is positioned in the premium 2 and 3 BHK segment. The development features residences with balconies, surface parking, and cross ventilation, addressing evolving buyer preferences for enhanced...

Indian Hume Pipe Co. Ltd. Releases Shares from Pledge MUMBAI – The Indian Hume Pipe Company Ltd. announced that all equity shares previously pledged in favor of SBICAP Trustee Company Limited by IHP Finvest Limited, a promoter holding company, have been released. The release of these shares secures working capital facilities extended to The Indian Hume Pipe Company Limited. Following the release, IHP Finvest Limited holds no outstanding pledged shares in The Indian Hume Pipe Company Limited.The total number of shares released was 1,16,94,995, representing approximately 22.20% of the company's total share capital. SBICAP Trustee Company Limited acted as the Pledgee for a consortium of banks led by State Bank of India, including Bank...

Goldiam International Opens 20th ‘ORIGEM’ Retail Store in Hyderabad Goldiam International Ltd. announced the opening of its twentieth retail store for lab-grown diamond jewellery under the ‘ORIGEM’ brand. The new store is located at Nexus Mall Kukatpally, Hyderabad, Telangana, and commenced operations on March 25, 2026.This expansion is part of Goldiam International’s strategy to broaden its retail network and enhance customer engagement across key markets.Previously opened ‘ORIGEM’ stores include locations in Kharghar (Navi Mumbai), Turner Road, Bandra West (Mumbai), Mulund West (Mumbai), near Chhatrapati Shivaji Maharaj International Airport Road (Mumbai), Andheri Link Road, Andheri West (Mumbai), Bengaluru, Noida (Central 50)...

Indus Infra Trust to Acquire Three Highway Assets from G R Infraprojects Limited Mumbai – Indus Infra Trust announced on March 25, 2026, that its Investment Manager, GR Highways Investment Manager Private Limited, has received approval from its Investment Committee, Audit Committee, and Board of Directors to acquire three highway assets from G R Infraprojects Limited (Seller). The acquisition involves GR Bilaspur Urga Highway Private Limited (GBUHPL), GR Ena Kim Expressway Private Limited (GEKEPL), and GR Ujjain Badnawar Highway Private Limited (GUBHPL), collectively referred to as the “ROFO Assets.”Share Purchase Agreements have been executed with the Seller on March 25, 2026, for the acquisition of 100% equity shareholding of the...

Maxposure Limited Appoints New Market Maker on NSE Emerge Platform Maxposure Limited announced on March 25, 2026, that it is changing its Market Maker on the NSE Emerge Platform. The change involves the appointment of Nikunj Stock Brokers Limited in place of Giriraj Stock Broking Private Limited, effective March 30, 2026, and March 27, 2026, respectively.The company’s Board of Directors approved the appointment of Nikunj Stock Brokers Limited on March 12, 2026. The change is intended to enhance liquidity and market efficiency in the trading of the company's equity shares, and to ensure continued compliance with SEBI regulations and guidelines for the NSE Emerge Platform.Giriraj Stock Broking Private Limited has confirmed it has no...

Indian Emulsifiers Limited Plans Strategic Expansion into Home and Personal Care Segment Mumbai, March 25, 2026 – Indian Emulsifiers Limited plans to enter the Home and Personal Care (HPC) formulating segment in India through its wholly owned subsidiary, Spartan Professional Products Pvt. Ltd. Spartan Professional Products intends to establish a business model that operates across both white label manufacturing for third-party clients and proprietary product lines.Spartan Professional Products will leverage its strengths in emulsifiers, surfactants, and preservatives to manufacture finished formulations. The company’s manufacturing and product strategy will be structured across two primary verticals: Personal Care and Household...

SJVN Limited Enters Tripartite Agreement with RTAs SJVN Limited announced on March 25, 2026, that it has entered into a tripartite agreement with Alankit Assignments Limited and MAS Services Limited. The agreement was finalized on March 20, 2026. This development follows a prior disclosure made on January 23, 2026, regarding the transition of registrar and transfer agent (RTA) services.The agreement facilitates the transfer of responsibilities from Alankit Assignments Limited, the erstwhile RTA, to MAS Services Limited, the new RTA. This is in compliance with Regulation 7 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. SJVN Limited is listed on the National Stock...

Vallabh Steels Limited Appoints Charanjit Kaur as Company Secretary and Compliance Officer Vallabh Steels Limited announced the appointment of Charanjit Kaur as Company Secretary and Compliance Officer, effective March 25, 2026. The decision was made by the Board of Directors during a meeting held on the same date.According to a company statement, Ms. Kaur holds Membership No. A75096 with the Institute of Company Secretaries of India and has approximately two years of professional experience. Her expertise includes handling various secretarial matters, ROC compliances, and corporate regulatory requirements.The appointment fulfills a statutory requirement for the company. Ms. Kaur does not have a familial relationship with any of the...

Sammaan Capital Ltd. Reports Timely Interest Payments on Debentures Sammaan Capital Ltd. announced that it has made timely payments of interest on its secured redeemable non-convertible debentures. The payments were made on March 24, 2026, with a due date of March 25, 2026.The company certified that the entire interest amount has been paid as per Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.The following table details the interest payments:Sr. No.ISINIssue Size (in INR lacs)Interest Amount Paid (in INR lacs)Payment Frequency1INE148I07UI0536.413.80652Monthly2INE148I07UD1380.26294Monthly3INE148I07UC31527.4511.108Monthly...

Parmax Pharma Appoints Bhakti Aghera as Company Secretary and Compliance Officer Parmax Pharma Ltd. announced the appointment of Ms. Bhakti Aghera as Company Secretary and Compliance Officer, effective March 24, 2026. The decision was approved by the Board of Directors at a meeting held on Wednesday, March 25, 2026, following a recommendation from the Nomination and Remuneration Committee.Ms. Aghera holds membership number A68683 with The Institute of Company Secretaries of India and brings six years of experience in corporate legal and secretarial services. She has previously been associated with Parmax Pharma Limited.Key Details of the Appointment:ParticularsDetailsReason for ChangeAppointmentDate of AppointmentMarch 25...

Vallabh Steels Limited Appoints New Company Secretary Vallabh Steels Limited announced the appointment of Ms. Charanjit Kaur as Company Secretary and Compliance Officer, effective March 25, 2026. The decision was made at a board meeting held on Wednesday, March 25, 2026, at the company’s registered office.The appointment was disclosed following a meeting of the Board. Neelam Sharma, Director (DIN: 07656064), confirmed the outcome.Source:

TVS Holdings Ltd. Declares Interim Dividend of Rs. 86 per Share TVS Holdings Ltd. announced an interim dividend of Rs. 86 per share, equivalent to a 1720% payout, for the financial year ending March 31, 2026. The dividend applies to 2,02,32,104 equity shares with a face value of Rs. 5 each.The company’s board of directors approved the dividend at a meeting held on March 25, 2026, which commenced at 10:00 A.M. and concluded at 11:05 A.M. The total payout amounts to Rs. 174 crore.The record date for the interim dividend is April 2, 2026. Payment will be made to shareholders holding shares in physical or electronic form and appearing in the Register of Members or Depositories as of the close of working hours on the record date...

Intellect Wins ‘Best Banking Technology Vendor of the Year 2026’ at Africa Fintech Forum in South Africa Johannesburg/London, 25 March 2026 - Intellect Design Arena Ltd. was recognized as the Best Banking Technology Vendor of the Year 2026 at the 6th Africa Fintech Forum held in Johannesburg. The award highlights the company’s role in modernizing Africa’s financial infrastructure and aligns with South Africa’s vision for innovation and growth.The accolade was presented by a jury panel of Senior Banking Executives and Industry Leaders. Intellect was selected for its commitment to enabling intelligent, real-time financial services and for providing resilient, future-ready infrastructure. The recognition also celebrates Intellect’s...

Shervani Industrial Syndicate Ltd. Receives GST Order and Plans Appeal Shervani Industrial Syndicate Ltd. announced today, March 25, 2026, that it received an order from the Assistant Commissioner, CGST & Central Excise Division-II, Allahabad. The order, reference number ZD0903261671574, was issued on March 24, 2026, and pertains to a demand of Rs. 1,33,96,340, along with interest and penalties under sections 74 and 50 of the CGST Act, 2017, and corresponding provisions of the U.P. GST Act, 2017.The order relates to the alleged non-payment of Goods and Services Tax under reverse charge on the purchase of FAR from the Prayagraj Development Authority for the fiscal years 2019-20, 2020-21, 2021-22, and 2022-23.According to the company...

Stylam Industries Ltd. Board Approves Shareholder Votes, Articles Alteration, and Committee Formation Stylam Industries Ltd. announced on March 25, 2026, that its Board of Directors approved several key resolutions during a meeting held that day.Shareholders will vote via remote e-voting on matters including the alteration of the company’s Articles of Association. Sanjiv Kumar Goel, a Practicing Company Secretary, has been appointed as Scrutinizer for the Postal Ballot process.The alteration involves amending Article 85 of the Articles of Association to facilitate the appointment of nominee directors under a Shareholder’s Agreement. The revised article stipulates that the number of directors will be between 3 and 15.The Board...

WeWork India Invests ₹31 Crore to Expand Bengaluru Presence with New Center at Embassy Vertex National, March 25, 2026 – WeWork India Management Limited, a leading premium flexible workspace operator in India, announced today the signing of a 10-year lease to expand its Bengaluru portfolio with a new center at Embassy Vertex, on Residency Road.The new center, spanning approximately 81,000 square feet across six floors, represents an investment of ₹31 crore. It is expected to open in Q1 FY27 and will offer over 1250 desks.Bengaluru's office market accounted for approximately 25% (15.1 million sq. ft.) of total leasing between January and September 2025. The city has captured nearly 40% of GCC leasing in Q1 2025, the highest among all...

Infosys Finacle to Power Digital Transformation for Producers Savings Bank Corporation in the Philippines Bengaluru, India and Manila, Philippines – March 25, 2026: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), announced an agreement with Producers Savings Bank Corporation, a leading bank in the Philippines, to modernize its technology landscape. The bank will upgrade to the latest version of the Finacle Core Banking Solution and implement the Finacle Origination Solution to expand its lending business for small and medium enterprises (SMEs) and retail customers.The upgrade aims to strengthen the bank's digital foundation, enhance operational resilience, and unlock...

IndiGrid Completes Acquisition of Gujarat BESS Private Limited for Approximately INR 573 Crores IndiGrid Infrastructure Trust has finalized the acquisition of securities from British International Investment PLC ('BII') and Norfund via KNI India AS ('Norfund') concerning Gujarat BESS Private Limited. The transaction, completed on March 25, 2026, carries an enterprise value of approximately INR 573 crores, subject to adjustments outlined in the definitive agreements.The Gujarat BESS Private Limited project operates under a Build Own Operate ('BOO') model and is expected to generate annual revenues exceeding INR 97 crores. The concession tenure for the project is set at 12 years.Source:

Cosmic CRF Ltd. Receives Order from Supreme Court of India Regarding Ongoing Litigation Cosmic CRF Limited announced on March 25, 2026, that the Hon’ble Supreme Court of India has issued an order regarding the ongoing litigation involving the company before the National Company Law Appellate Tribunal (NCLAT) in New Delhi. The case, titled Cosmic CRF Limited vs. Myotic Trading Private Limited & Ors. (Civil Appeal Diary No. 15468/2026), pertains to a matter initially addressed by the NCLAT on October 10, 2025.The Supreme Court’s order, dated March 23, 2026, condoned the delay in filing an appeal and admitted the matter. The court also issued notice to the respondents and permitted Dasti Service. Furthermore, the order stipulates that...