Markets

Fredun Pharmaceuticals Allots Equity Shares Following Warrant Conversion Fredun Pharmaceuticals Limited announced the allotment of 106,668 equity shares to a promoter following the conversion of warrants. The decision was made at a board meeting held on March 25, 2026.Previously, convertible warrants were allotted to the promoter on a preferential basis on December 29, 2025, as approved by shareholders in an Extraordinary General Meeting held on October 22, 2025. The warrant holders have paid a total of Rs. 10,00,01,250 and exercised their right to convert the warrants into equity shares.The allotment comprises 106,668 equity shares with a face value of Rs. 10 each. The details of the allotment are as follows:Sr. No.Name of...

Take Solutions Ltd. Announces Resignation of Statutory Auditor Take Solutions Limited announced on March 25, 2026, that M/s. Venkat and Rangaa LLP have resigned as the company’s statutory auditor, effective the same date.The resignation was attributed to constraints relating to audit fees, with the firm stating that the remuneration was not commensurate with the size and complexity of the business, the scope of the audit engagement, and the reporting requirements under applicable statutory laws and regulations.M/s. Venkat and Rangaa LLP were appointed as the Statutory Auditor on February 3, 2026, and their term was scheduled to expire at the conclusion of the Annual General Meeting in 2026. The firm submitted a Limited Review Report...

HFCL to Expand Defence, Aeronautics, and Aerostructure Business Through Strategic Consolidation HFCL Limited announced a major strategic initiative on March 25, 2026, to expand and strengthen its Defence business, in line with its long-term growth strategy. The initiative involves the creation of HFCL Advance Systems Private Limited (HASPL), a platform for consolidating several businesses.Transaction Overview HFCL, along with Mr. Anant Nahata, Mr. Sushant Mohan Gupta, Mrs. Shubhra Gupta, and financial/strategic investors, will invest an amount not exceeding INR 175 crore into HASPL. In return, HASPL will issue securities to the investors. Post-completion, HASPL will remain a wholly-owned subsidiary of HFCL.Here’s the planned...

Avenue Supermarts Opens New Store in Tamil Nadu, Reaching 470 Locations Avenue Supermarts Limited, owner of the DMart retail chain, announced the opening of a new store on March 25, 2026, in Sriperumbudur, Kancheepuram, Tamil Nadu. This expansion brings the company’s total store count to 470.The new store is located at Plot No. B-72 & B-72A, Wagle Industrial Estate, Thane (West), Maharashtra, India - 400 604. Information regarding the store opening can be directed to info@dmartindia.com.Source:

Kaushalya Infrastructure Receives Income Tax Assessment Orders Kaushalya Infrastructure Development Corporation Ltd. announced today, March 25, 2026, that it has received Assessment Orders and Demand Notices from the Deputy Commissioner of Income Tax, Central Circle-15, New Delhi. The notices pertain to Assessment Years 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, 2022-23, and 2023-24.The total demand raised against the company aggregates to Rs. 5,45,61,668. The notices were received on March 24 and 25, 2026, with most arriving after business hours on March 24.According to the Assessment Orders passed under Section 147 read with Section 144 of the Income-tax Act, the Income Tax Department has treated certain amounts as deemed...

Hazoor Multi Projects Ltd. Board Approves Corporate Guarantee for Subsidiary Hazoor Multi Projects Limited announced on March 25, 2026, that its Board of Directors has approved a corporate guarantee for its wholly-owned subsidiary, Square Port Shipyard Private Limited. The guarantee secures credit facilities from Bank of Baroda.The corporate guarantee covers a term loan facility of Rs. 45,00,00,000 (Rupees Forty-Five Crores) and a cash credit facility of Rs. 5,00,00,000 (Indian Rupees Five Crores), collectively referred to as the "Facilities."According to the company, no other parties, including promoters, promoter groups, or group companies, have an interest in this transaction, which will be issued on an arm's length basis. The...

M P K Steels (I) Ltd. Announces Board Decisions, Registered Office Relocation M P K Steels (I) Ltd. announced several key decisions following a board meeting held on Wednesday, March 25, 2026. The company approved the relocation of its registered office from the State of Assam to the State of Rajasthan, subject to member approval and any required regulatory authority consents.The board also appointed M/s. Jyoti Soni & Associates as the company’s Secretarial Auditor for the financial year 2025-26. An Extraordinary General Meeting (EGM) is scheduled for Tuesday, April 28, 2026, at 10:30 a.m., with a notice to be shared shortly.The meeting commenced at 12:30 P.M. and concluded at 02:30 P.M. Details related to the board’s decisions are...

NIBE Ltd. Appoints Rajagopalan Madhavan as Additional Director NIBE Ltd. announced the appointment of Rajagopalan Madhavan as an Additional Director, Non-Executive and Independent, effective March 25, 2026. The appointment was approved by the Board of Directors at a meeting held on that date. Mr. Madhavan’s appointment is for a period of five years, contingent upon shareholder approval.Mr. Rajagopalan Madhavan holds a Mechanical Engineering degree from NIT Raipur and a postgraduate M. Tech from IIT Madras. He previously served as the Chairman and Managing Director of Hindustan Aeronautics Limited. He has no inter-se relationship with other directors or Key Managerial Personnel of the company.According to company records, Mr...

Sicagen India Ltd. Announces Senior Management Departure Sicagen India Ltd. announced on March 25, 2026, that V. Venkatesh, Senior Manager-Operations (Speciality Chemical Division) and designated Senior Management Personnel (SMP), has resigned from his position, effective March 25, 2026, due to personal reasons. The company confirmed that there were no other material reasons for the resignation. Venkatesh is expected to be relieved from his services on or before May 20, 2026.Below is a summary of the changes:DetailInformationReason for ChangeResignation due to personal reasonsResignation DateMarch 25, 2026Relieving DateOn or before May 20, 2026Applicability of Profile DisclosureNot ApplicableApplicability of...

Sattva Engineering Construction Limited Acquires Commercial Property in Chennai Sattva Engineering Construction Limited announced on March 25, 2026, the execution of a Sale Deed for the purchase of a commercial property from Hindustan Chamber of Commerce. The total consideration for the acquisition is INR 3,09,00,000.The property, located at 'Greams Dugar' on the 5th Floor, South Wing, Old No.149, New No.64, Greams Road, Nungambakkam, Chennai - 600 006, includes a commercial building with a built-up area of 3,200 square feet and 900 square feet of undivided share of land.Below is a summary of the transaction details:SR. NO.PARTICULARSREMARKS1Name of the Seller/VendorM/s. HINDUSTAN CHAMBER OF COMMERCE2Name of the Buyer/...

Nippon Life India Asset Management Ltd. to Announce Financial Results and Consider Dividend on April 27, 2026 Mumbai – March 25, 2026 – Nippon Life India Asset Management Limited (Scrip Code: 540767 on the BSE, NAM-INDIA on the NSE) announced that its Board of Directors will convene a meeting on Monday, April 27, 2026, to review and approve the audited financial results for both standalone and consolidated operations for the quarter and year concluding March 31, 2026. The board will also consider a recommendation for a dividend on equity shares, if applicable.In accordance with the company’s Personal Securities Trading Policy and Code of Practice & Procedures for Fair Disclosure of Unpublished Price Sensitive Information, a trading...

Welspun Enterprises Completes Acquisition of 20% Stake in Welspun Corporate Services Limited Welspun Enterprises Limited has finalized the acquisition of 2,000 equity shares in Welspun Corporate Services Limited (formerly known as Welspun Home Textiles Limited), representing a 20% stake in the company's equity share capital. The acquisition was completed on March 25, 2026, following the company’s disclosure on March 19, 2026.The consideration for the acquisition totaled Rs. 20,000. As a result of this acquisition, Welspun Corporate Services Limited is now considered an associate of Welspun Enterprises Limited.Further details regarding the transaction are available on the company’s website at www.welspunenterprises.com.Source:

Saatvik Green Energy Limited Secures 185 Acres for Expansion Saatvik Green Energy Limited announced on March 25, 2026, that its material subsidiary, Saatvik Solar Industries Private Limited, has entered into a lease agreement with M P Industrial Development Corporation Limited. The agreement secures 185 acres, approximately 748668 square meters, of land in the Manufacturing Zone for Power and Renewable Energy Equipment.The land, located at Plot No. 5, Industrial Area, Mohasa-Babai, Phase 2, Tehsil Makhan Nagar, District Narmadapuram, will be leased for a period of 99 years. The consideration for the land is INR 11.17 Crores, excluding other applicable charges and duties.According to the company, this agreement supports future...

Dev Accelerator Limited Schedules Investor Meetings Dev Accelerator Limited, formerly Dev Accelerator Private Limited, announced a series of virtual meetings with several investment firms for March 30, 2026.According to a company statement, the meetings will be held on Monday, March 30, 2026, from 3:00 p.m. to 4:00 p.m. with DB Investments, Emerge Capital, Burman Capital, and Aionios Alpha. The company noted that the schedule is subject to change due to unforeseen circumstances.The meetings will not include sharing any unpublished price-sensitive information.Date and DayTimeType of MeetingCompany Name30/03/2026 Monday03.00 pm - 04.00 pmGroupDB Investments30/03/2026 Monday03.00 pm - 04.00 pmGroupEmerge Capital30/03/2026...

Madhav Marbles & Granites Ltd. to Acquire Remaining Stake in Subsidiary Madhav Marbles & Granites Limited announced on March 25, 2026, that its Board of Directors approved the acquisition of an additional 18.01% equity stake in Madhav Natural Stone Surfaces Private Limited, a subsidiary.Upon completion of the acquisition, Madhav Marbles & Granites Limited will own 100% of Madhav Natural Stone Surfaces Private Limited, making it a wholly-owned subsidiary. The acquisition is contingent on the execution of definitive agreements and receipt of necessary approvals.According to company information, Madhav Natural Stone Surfaces Private Limited was incorporated on September 16, 2018. The company has not reported revenue over the past three...

Aksh Optifibre Receives Rectification Order Regarding Tax Demand March 25, 2026 – Aksh Optifibre Ltd. announced today that the Deputy Commissioner, Rajasthan State Tax, Jaipur, issued a Rectification Order on March 25, 2026, addressing an Original Demand dated December 29, 2025.The rectification reduces the original tax demand from ₹5,73,47,563 (Rupees Five Crores Seventy-Three Lakhs Forty-Seven Thousand Five Hundred Sixty-Three Only), including applicable interest and penalty, to ₹94,22,212 (Rupees Ninety-Four Lakhs Twenty-Two Thousand Two Hundred Twelve Only), with applicable interest and penalty.Aksh Optifibre is currently preparing to file an appeal against the remaining balance of the demand. The company does not anticipate a...

Dredging Corporation of India Limited Extends Chairman’s Tenure at Visakhapatnam Port Authority Dredging Corporation of India Limited (DCI) announced an extension to the tenure of Dr. Madhaiyaan Angamuthu, IAS, as Chairman (Additional Charge) of Visakhapatnam Port Authority. The extension, effective March 25, 2026, is for a further period of six months or until the appointment of a regular Chairperson, whichever occurs first.Dr. Angamuthu initially assumed the additional charge of Chairman, Visakhapatnam Port Authority on September 22, 2025, for a six-month period, as per a communication from the Ministry of Ports, Shipping and Waterways dated September 22, 2025. The extension order, dated March 17, 2026, was conveyed to Dr. Angamuthu...

Polyplex Corporation Limited Acquires 51% Stake in TechNova Printrite Products Private Limited Polyplex Corporation Limited announced on March 25, 2026, that it has executed a Share Purchase Agreement and a Shareholder’s and Rights Agreement to acquire 51% of the equity share capital of TechNova Printrite Products Private Limited.The transaction involves Polyplex acquiring 10,01,487 equity shares, representing 51% of the share capital, for a cost of approximately INR 6,210 lakh, subject to post-closing adjustments. This acquisition is based on a 100% enterprise value of INR 12,721 lakh.TechNova Printrite Products Private Limited, incorporated on April 23, 2024, is engaged in the manufacturing and marketing of polyester, paper, and...

HFCL to Establish Preform Manufacturing Facility, Bolsters Optical Fiber Supply Chain HFCL Limited announced today the establishment of a Preform Manufacturing Facility through its wholly-owned subsidiary, HFCL Technologies Private Limited (HTPL). The move is designed to enhance the company's Optical Fiber Cable (OFC) business through increased backward integration, utilizing Preform as a key raw material.The decision follows sustained growth in demand for optical fiber cables and resulting supply constraints. Establishing a Preform manufacturing facility aims to support optical fiber availability, mitigate supply risks, and maximize capacity utilization at HFCL’s various locations. The company is also considering further increases to...

Dr. Lal PathLabs Upgraded by CARE Ratings Dr. Lal PathLabs Ltd. has received a credit rating upgrade from CARE Ratings Limited, as announced on March 25, 2026. The company’s Issuer Rating has been upgraded to CARE AA+; Stable, from the previous rating of CARE AA; Stable.According to CARE Ratings, the upgrade is based on the company’s operational and financial performance for the fiscal year 2025 (audited) and the nine-month period of fiscal year 2026 (unaudited).The rating agency emphasized that the rating represents an opinion on the company’s general creditworthiness and is not specific to any particular debt instrument. CARE Ratings reserves the right to review the rating periodically.Type of RatingRatingRating Action...