Markets

Bharat Heavy Electricals Announces Leadership Departures Bharat Heavy Electricals Ltd. (BHEL) announced on March 25, 2026, that two members of its senior management have retired from their positions.Shri S Prabhakar, Executive Director (HPBP) based in Trichy, and Rajesh Kohli, Executive Director at the Corporate Office in New Delhi, both superannuated from BHEL on March 24, 2026.The changes affect the company’s leadership structure as follows:S. No.NameDesignation1Shri S PrabhakarExecutive Director (HPBP), Trichy2Rajesh KohliExecutive Director, Corporate Office, New DelhiJaya Mitra, Manager of Corporate Communication, confirmed the changes on behalf of Bharat Heavy Electricals Limited.Source:

Tata Power Completes Transmission Lines Under SEUPPTCL Project, Commissioning of 400 kV Lines National, March 25, 2026: Tata Power announced the successful commissioning of two transmission lines - 400 Kilovolt (kV) Tanda-Gonda and 400kV Gonda-Basti double circuit - spanning 154 circuit kilometres (Ckm) in Uttar Pradesh. This marks the completion of all Extra High Voltage (EHV) transmission lines and substations under the South East UP Power Transmission Company Limited (SEUPPTCL) project.The completed network now includes three 765 kV lines comprising 951 Ckm, fourteen 400 kV lines comprising 566 Ckm, and three 765/400 kV substations with 3460 Megavolt-Amperes (MVA) transformation capacity. The commissioning of these lines, alongside...

SJ Corporation Ltd Acquires Significant Stake Through Preferential Allotment SJ Corporation Ltd announced on March 25, 2026, that Umang Kantilal Savani has acquired 42,61,202 equity shares, representing 9.83% of the company, through a preferential allotment.According to a filing, Savani, a proposed promoter of the company, had previously made a public announcement on January 30, 2026, regarding an open offer. Approval from the Securities and Exchange Board of India (SEBI) for a change in management is currently pending.Prior to the acquisition, Savani and persons acting in concert held no shares in the company. Following the acquisition, the total holding of Savani and persons acting in concert is 42,61,202 equity shares, or 9.83%...

Larsen & Toubro Wins Water Management Project in Assam Mumbai, March 25, 2026 – Larsen & Toubro (L&T) has secured a design-build-operate order from the Guwahati Metropolitan Drinking Water & Sewerage Board in Assam for a water management project designed to deliver a continuous water supply to households in South-East Guwahati.The project aims to enhance the reliability of the city's water infrastructure and includes a comprehensive scope of work. This encompasses the design, supply, installation, construction, testing, and commissioning of a barge-mounted intake system, raw water rising main, water treatment plant, reservoirs, booster pumping station, and distribution network with household service connections.L&T’s...

TeleCanor Global Ltd. Explores Development of Industrial Park in Andhra Pradesh TeleCanor Global Ltd. announced on March 25, 2026, that its Board of Directors has approved exploring the development of an industrial park project. The project is planned for a 72-acre land parcel located in Rambilli Mandal, Anakapalli District, Andhra Pradesh, near the proposed Google AI hub.The potential industrial park is envisioned as a "plug-and-play" ecosystem encompassing manufacturing, logistics, warehousing, and ancillary services.Preliminary plans suggest the following tentative sectoral allocation:SectorAllocationManufacturing / Industrial (including high-tech and precision units)30% - 40%Logistics & Warehousing25% - 35%MSME /...

Avio Smart Market Stack Collaborates with US Companies for Aquaculture Ecosystem Development National, March 25, 2026 – Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics India Limited, announced a strategic memorandum of understanding (MOU) with Aquasafra Holdings, Inc. (AHI) and Waterfield Farms, Inc. (WFI), USA, to develop technology-driven aquaculture and fisheries ecosystems.The collaboration aims to establish scalable and commercially viable aquaculture models by integrating Aquasafra’s advanced tilapia genetics with ASMS’s rural distribution infrastructure and digital ecosystem, which reaches over 5,000 villages and millions of rural participants. Aquasafra brings to the partnership over three decades of...

Lupin Receives Tentative FDA Approval for Pitolisant Tablets Mumbai, India, Naples, Fl, March 25, 2026 – Lupin Limited announced it received tentative approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Pitolisant Tablets, 4.45mg and 17.8mg. The product will be manufactured at Lupin’s Nagpur facility in India.The U.S. FDA has tentatively approved Lupin's Pitolisant Tablets 4.45mg and 17.8 mg as bioequivalent to Wakix® for the indication in the approved labeling.Lupin Limited is a global pharmaceutical company headquartered in Mumbai, India, with operations in over 100 markets. The company focuses on pharmaceutical products, including branded and generic formulations...

PG Electroplast Limited Addresses LPG Supply Constraints, Normalizes Room AC Production PG Electroplast Limited (PGEL) announced on March 25, 2026, that it has largely resolved production disruptions related to liquefied petroleum gas (LPG) supply constraints. The company initially flagged concerns on March 9, 2025, stemming from geopolitical tensions and instability impacting LPG suppliers, particularly due to the ongoing war in the Middle East region.These constraints had previously affected Room AC production at some of PGEL’s facilities. The company has been actively assessing the situation and exploring alternative energy sources.PGEL successfully identified and installed alternative solutions to LPG at its production...

Avantel Ltd. Receives Rate Contract Worth Rs. 459.90 Crores from Zetwerk Manufacturing Businesses Limited Avantel Ltd. announced today, March 25, 2026, that it has received a rate contract from Zetwerk Manufacturing Businesses Limited. The contract, with reference number ZMBL/Avantel/RTIS/01255079A/01, is valued at Rs. 459.90 Crores, exclusive of taxes.The contract involves the supply of satellite communication equipment along with a one-year comprehensive onsite warranty and a five-year comprehensive annual maintenance contract (AMC) support. The execution period for the contract is three years.Here’s a summary of the key details:ParticularsDescriptionName of the entity awarding the order(s) / contract(s)M/s. Zetwerk...

Garware Hi-Tech Films Ltd. to Hold Board Meeting to Approve Annual Plan Garware Hi-Tech Films Limited announced that a meeting of its Board of Directors will be held on Monday, March 30, 2026, to consider and approve the Annual Business/operational plan of the Company. The meeting will be conducted in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Garware Hi-Tech Films Limited is listed on the Bombay Stock Exchange with Scrip Code 500655 and on the National Stock Exchange of India Limited with Trading Symbol GRWRHITECH.Source:

JB Chemicals & Pharmaceuticals Appoints New Directors and Managing Director JB Chemicals & Pharmaceuticals Ltd. announced that its shareholders approved the appointments of several directors via postal ballot. Mr. Aman Mehta was appointed as both a Director and Managing Director, effective January 21, 2026, for a term of 3 years. Mr. Amal Kelshikar, Mr. Hasmukh Patel, and Mr. Sudhir Menon were also appointed as Non-Executive Non-Independent Directors.Mr. Mehta, currently Managing Director of Torrent Pharmaceuticals Limited, holds a Bachelor's degree in Economics from Boston University and an MBA from Columbia University. He has extensive experience within the Torrent Group, including roles in Power and Pharmaceuticals.Mr. Kelshikar...

Grindwell Norton Limited Announces Trading Window Closure Mumbai – Grindwell Norton Limited, a Saint-Gobain company, announced a trading window closure for its securities, effective April 1, 2026. This action is in accordance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015, and the company’s Code of Conduct.The trading window will remain closed until 48 hours after the audited financial results for the quarter and year ending March 31, 2026, are publicly released. This measure is intended to prevent insider trading and ensure fair practices for all investors.Source:

Ardi Investment and Trading Company Ltd. Appoints New Director, Announces Resignations Ardi Investment and Trading Company Ltd. announced several leadership changes following a board meeting held on March 24, 2026.Mr. Suraj Thakor has been appointed as an Executive Director of the company, effective March 24, 2026, for a period of five years. Mr. Thakor holds a graduation degree and brings over three years of experience in business development and team leadership. He is not currently a director of any other listed or unlisted entities and is not debarred from holding office by any regulatory authority.Meanwhile, Mr. Karan Vidhyutbhai Purani resigned from his position as Executive Director, effective March 25, 2026. Ms. Nidhi Kumari...

Kizi Apparels Ltd. Allots Convertible Warrants Worth ₹89.28 Crore Kizi Apparels Ltd. announced on March 24, 2026, that its Board of Directors approved the allotment of 23,04,000 convertible warrants to promoters and public category investors. Each warrant entitles the holder to convert it into one fully paid-up equity share with a face value of ₹10.00 within 18 months. The warrants were allotted at a price of ₹15.50 per warrant, including a premium of ₹5.50 per warrant.The total consideration for the allotment amounts to ₹89.28 crore. Investors will pay 75% of the issue price at the time of exercising the option to convert the warrants into equity shares.Details of the allottees and the consideration paid are as follows:Sr...

Shirpur Gold Refinery Limited’s Committee of Creditors Resumes Meeting Shirpur Gold Refinery Limited held an adjourned meeting of its Committee of Creditors (CoC) on Tuesday, March 24, 2026. The meeting, initially scheduled for Friday, March 20, 2026, resumed at 4:00 p.m. and concluded at 4:40 p.m.The company operates under Corporate Insolvency Resolution Process. Ashish Vyas serves as the Resolution Professional for Shirpur Gold Refinery Limited, with IBBI Regn. No.: IBBI/IPA-001/IP-P-01520/2018-2019/12267. His IBBI Regd. Email is ashishvyas2006@gmail.com.Source:

Kalpesh Patel Acquires 2.34% Stake in SJ Corporation Ltd Through Preferential Allotment SJ Corporation Ltd announced that Kalpesh Patel has acquired 10,15,050 equity shares, representing 2.34% of the company’s total share/voting capital, through a preferential allotment. The acquisition occurred on March 20, 2026.Prior to this acquisition, Patel, a proposed promoter of the company, held no shares in SJ Corporation Ltd. Following the acquisition, Patel’s total holding represents 2.34% of the company’s total diluted share/voting capital.SJ Corporation Ltd's equity share capital prior to the acquisition was Rs. 83,55,000, divided into 83,55,000 equity shares of Re. 1 each. Post-acquisition, the equity share capital stands at Rs...

Clean Max Enviro Energy Solutions Ltd. Issues Corporate Guarantees for Subsidiaries Mumbai – March 25, 2026 – Clean Max Enviro Energy Solutions Ltd. announced today that it issued corporate guarantees for its subsidiaries, Clean Max Narmada Private Limited and Clean Max Iguazu Private Limited, on March 24, 2026.The corporate guarantees were extended to lenders as security for term loan facilities availed by the subsidiaries. Clean Max Narmada Private Limited received a guarantee for an amount of 33.85 Crore Indian Rupees, while Clean Max Iguazu Private Limited received a guarantee for 30.50 Crore Indian Rupees.According to the company, the promoter group and group companies have no interest in this transaction, and the guarantees...

Sanathan Textiles Announces Trading Window Closure Sanathan Textiles Ltd. has announced the closure of its trading window, effective April 1, 2026. This action is in accordance with the company’s code of conduct designed to regulate and monitor trading activities by promoters, directors, designated persons, and connected persons.The trading window will remain closed until 48 hours after the audited financial results for the quarter and year ended March 31, 2026, become publicly available.Jude Patrick Dsouza, Company Secretary and Compliance Officer for Sanathan Textiles Limited, made the announcement. The company’s stock trades under the symbol 544314 on the National Stock Exchange of India Limited.Source:

Cyberscope, a TAC InfoSec Subsidiary, Partners With TON to Expand Web3 Security Business Mumbai – March 25, 2026 – Cyberscope, the Web3 security subsidiary of TAC InfoSec Ltd. (NSE:TAC), announced a strategic partnership with TON, or The Open Network, to strengthen TAC InfoSec Limited's Web3 security footprint and tap into a fast-growing Layer 1 blockchain ecosystem.The agreement aims to provide Cyberscope greater access to projects building on TON, a blockchain network associated with Telegram’s global user and developer base. Cyberscope will offer smart contract audits, protocol risk assessments, and developer-focused security support to teams within the TON ecosystem.Under the partnership, Cyberscope expects to deliver audits...

Manappuram Finance to Consider Borrowing Program, Debt Securities Issuance Manappuram Finance Limited has announced that a meeting of its Board of Directors is scheduled for Monday, March 30, 2026. The meeting’s agenda includes consideration and approval of a borrowing program encompassing the issuance of redeemable non-convertible debentures, notes, bonds, and other debt securities.The company intends to issue these securities in both onshore and offshore markets through private placement and/or public issue, as well as other permissible borrowing modes for the financial year 2026-27.The announcement was made following a reference number SEC/SE/218/2025-26 from India International Exchange (IFSC) Ltd. dated March 24, 2026. The...