Markets

Gail (India) Ltd. Revises Completion Schedule for Pipeline Sections Gail (India) Ltd. announced revisions to the completion schedules for sections of the Integrated Jagdishpur-Haldia-Bokaro-Dhamra pipeline project on March 25, 2026. The changes were approved by the company’s Board of Directors during a meeting held on the same day.The project, which includes the 3,266-kilometer pipeline laid and commissioned out of a total authorized length of 3,306 kilometers, experienced delays primarily due to challenges related to the Right of Use (RoU) and fisheries front availability.Specifically, the completion schedule for the Kolkata-Haldia section and the Dhamra-Haldia (West Bengal) section has been extended. The revised completion...

GAIL (India) Ltd. Invests in GAIL Global (USA) Inc. GAIL (India) Ltd. announced on March 25, 2026, that its Board of Directors approved an equity investment in its wholly-owned subsidiary, GAIL Global (USA) Inc. (GGUI). The investment will be used primarily to reduce GGUI's outstanding loan obligations for its shale assets in the Eagle Ford basin, Texas, USA.GGUI, incorporated in the USA, had a standalone turnover of US$7.6 million for the calendar year 2025, US$11.6 million for 2024, and US$10.7 million for 2023. The company currently holds a 20% ownership in shale assets within the Eagle Ford basin.The Board approved the equity investment as a cash consideration for subscription and authorized an investment of up to US$64 million...

Consecutive Commodities Limited Appoints New Director, Announces Committee Reconstructions Kolkata – Consecutive Commodities Limited, formerly known as Consecutive Investments & Trading Company Limited, announced several corporate governance updates following a board meeting held on March 25, 2026.The company appointed Ms. Reema Magotra (DIN: 09804839) as an Additional Non-Executive and Independent Director, effective March 25, 2026. Ms. Magotra is described as an education professional with expertise in leadership and organizational development. The board also acknowledged the resignation of Ms. Promila Sharma (DIN: 09735554) from the post of Non-Executive and Independent Director, also effective March 25, 2026, citing personal...

IIRM Holdings India Ltd. Acquires Stake in Saferisk Insurance Brokers Private Limited IIRM Holdings India Limited (formerly Sudev Industries Limited) announced the acquisition of Safe Risk Insurance Brokers Private Limited (SafeRisk) by its wholly-owned subsidiary, India Insure Risk Management and Insurance Broking Services Private Limited. The announcement was made on March 25, 2026, in continuation of previous disclosures dated July 31, 2025, and October 30, 2025.SafeRisk, incorporated on December 1, 2014, is primarily engaged in insurance broking, risk management, and claims consultancy. It is based in Bhubaneswar.Financial Details of SafeRisk (2024-2025):The table below outlines key financial details of SafeRisk for the past...

Gail (India) Ltd. Revises Completion Schedule for Mumbai-Nagpur-Jharsuguda Pipeline Project Gail (India) Ltd. announced a revision in the completion schedule for the Mumbai-Nagpur-Jharsuguda (MNJPL) pipeline project. The change, approved by the company’s Board of Directors on March 25, 2026, extends the completion timeline from March 1, 2026, to June 30, 2026.The MNJPL project encompasses three pipeline segments: a 693-kilometer Mumbai-Nagpur segment (Part-A), a 692-kilometer Nagpur-Jharsuguda segment (Part-B), and a 317-kilometer Nagpur-Jabalpur segment (Part-C), for a total pipeline length of 1702 kilometers.According to the company, the Mumbai-Nagpur, Nagpur-Jharsuguda, and Nagpur-Jabalpur pipeline segments are currently...

Multi Commodity Exchange of India Subsidiary Transfers Funds to Guarantee Fund Following Technical Glitch Multi Commodity Exchange of India Limited announced that its subsidiary, Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), transferred 50 Lakh rupees to its Core Settlement Guarantee Fund on March 23, 2026.The transfer, categorized as a "Financial Disincentive," stems from a technical glitch that occurred on December 23, 2025. The company previously disclosed the pending transfer in a letter dated March 24, 2026.Further details regarding the event will be available on the company’s website at www.mcxindia.com.Source:

Indus Infra Trust Completes Acquisition of ROFO Assets Indus Infra Trust announced the completion of its acquisition of 100 percent equity shares in three entities from G R Infraprojects Limited on March 25, 2026. The acquired entities are GR Ena Kim Expressway Private Limited, GR Ujjain Badnawar Highway Private Limited, and GR Bilaspur Urga Highway Private Limited, collectively referred to as the ROFO Assets.The acquisition follows an earlier intimation issued on March 25, 2026. Further details regarding the acquisition are available on the Trust's website at https://indusinvit.com/investor-information.html.Source:

Bandhan Bank Appoints Debashish Mukherjee as Independent Director Bandhan Bank Limited announced the appointment of Debashish Mukherjee as an Additional Director (Independent) and Independent Director, effective March 25, 2026. The appointment follows approval from the Ministry of Finance.Mukherjee’s term is for three consecutive years and he is not liable to retire by rotation, subject to shareholder approval within three months. He is not related to any other directors and is not debarred or disqualified from holding a director’s position.Debashish Mukherjee’s Director Identification Number is 08193978. The appointment was initially approved by the Board of Directors on February 12, 2026, pending Ministry of Finance approval...

JSW Steel Completes Acquisition of Minas de Revuboe Limitada Stake JSW Steel Limited announced the completion of its acquisition of a 92.19% equity stake and shareholder loans in Minas de Revuboe Limitada (MdR) on March 25, 2026. The acquisition was made through JSW Natural Resources Limited, a wholly-owned subsidiary of JSW Steel.According to a regulatory update, JSW Natural Resources transferred USD 74.24 million to designated escrow accounts to finalize the transaction. This follows previous announcements regarding the acquisition made on May 17, 2024, January 28, 2025, and March 26, 2025.The information is available on the company’s website at www.jsw.in.Source:

Welspun Corp Limited Grants Stock Options to Employees Welspun Corp Limited announced today, March 25, 2026, that its Nomination and Remuneration Committee has approved the grant of 86,717 stock options to eligible employees under the Welspun Corp Employee Benefit Scheme 2022. The scheme is managed through the Welspun Corp Employees Welfare Trust.The grant details are outlined below:DetailInformationNumber of Stock Options Granted86,717 Stock OptionsRegulatory ComplianceThe scheme adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.Vesting PeriodOptions vest over three years, with 30% vesting after the first year, 35% in the second year, and the remaining 35% in the third year...

Deepak Fertilizers and Petrochemicals Enters Novation Agreement for LNG Supply Deepak Fertilizers and Petrochemicals Corporation Limited announced on March 25, 2026, that it has entered into a Novation Agreement with Equinor ASA and Deepak Globalchem PTE. LTD. (DGPL), a wholly-owned subsidiary of the company. The agreement novates a long-term supply agreement for Liquefied Natural Gas (LNG) previously entered into with Equinor on February 19, 2024, to DGPL.The novated LNG supply arrangement provides for annual supplies of LNG up to 0.65 million tonnes for a period of 15 years, commencing from 2026. The terms of the new agreement mirror those of the original supply agreement.Under the terms of the agreement, DGPL assumes all rights...

Welspun Living Limited Completes Acquisition of Stake in Welspun Corporate Services Limited Welspun Living Limited announced the completion of its acquisition of a 35% stake in Welspun Corporate Services Limited (formerly known as Welspun Home Textiles Limited) on March 25, 2026. The acquisition involved 3,500 equity shares with a face value of Rs. 10 each, representing 35% of WCSL’s total paid-up equity share capital. The total consideration for the acquisition was Rs. 35,000.Following the completion of the acquisition, Welspun Living Limited holds a 35% equity stake in Welspun Corporate Services Limited, classifying WCSL as an associate company.Source:

City Union Bank Receives Income Tax Assessment Order City Union Bank Ltd. announced today, March 25, 2026, that it received an assessment order for income tax from The Assessment Unit, Income Tax department.The order pertains to the assessment year 2024-25. The Income Tax department reduced the bank’s refund claim by Rs. 97,22,24,47L and raised Nil demand. The order disallowed certain deduction claims made by the bank under sections 36(lXviia) and 36(lXvii), along with three other deductions.According to the bank, its deduction claims are fully allowable based on judicial pronouncements and previous assessments by the same unit, which had allowed similar claims in earlier years. The bank intends to file an appeal, and anticipates a...

RBL Bank Receives Approval for Emirates NBD Bank’s Proposed Acquisition RBL Bank Limited announced on March 25, 2026, that Emirates NBD Bank (P.J.S.C) has received approval from the Central Bank of United Arab Emirates. The approval, dated March 24, 2026, pertains to the investor’s proposed acquisition of a majority stake in RBL Bank and the proposed amalgamation of Emirates NBD Bank’s existing operations in India into the bank.The approval is subject to the receipt of all necessary regulatory approvals.Information regarding this development is available on the bank’s website at www.rbl.bank.in.Source:

Continental Seeds and Chemicals Limited Appoints New Company Secretary New Delhi, March 25, 2026 – Continental Seeds and Chemicals Limited announced the appointment of Rakesh Kumar as the Company Secretary and Compliance Officer, effective March 25, 2026. The decision was approved by the Board of Directors during a meeting held on Wednesday, March 25, 2026.Mr. Kumar holds membership number ACS-32443 and brings over 13 years of professional experience to the role, alongside a Post Graduate degree in Commerce. He has been a member of the Institute of Company Secretaries of India since 2013.The Board meeting commenced at 11:30 am and concluded at 12:30 am.Details of the Appointment:ParticularsDetailsName of the Company...

JSW Energy Shareholders Approve Re-appointment of Munesh Khanna as Independent Director JSW Energy Ltd. announced that a special resolution for the re-appointment of Mr. Munesh Khanna (DIN: 00202521) as an Independent Director was passed by shareholders on Wednesday, March 25, 2026. The resolution was approved through a postal ballot process utilizing remote e-voting.The company reported that 12,040,08524 votes were cast in favor of the resolution, representing 100.0000% of the votes polled. A total of 12,040,08524 shares were represented during the e-voting process.According to the Scrutinizer's report by Shreyans Jain & Co., the voting period commenced on February 24, 2026, and concluded on March 25, 2026. The complete voting...

Black Box Limited Allots 12,48,247 Equity Shares Following Warrants Conversion Black Box Limited announced the allotment of 12,48,247 equity shares on March 25, 2026, following the conversion of warrants. The allotment stems from the company's earlier intimation on September 27, 2024, concerning the issuance of 92,65,215 convertible warrants at a price of Rs. 417 per warrant to 25 allottees.The warrants, entitling holders to acquire equity shares, were offered with a right to apply for and be allotted one equity share with a face value of Rs. 2 each at a premium of Rs. 415 per share. Warrant holders subsequently paid the remaining 75% of the issue price to exercise their conversion option.The following table details the warrant...

Torrent Pharmaceuticals Receives Corrigendum Order for Amalgamation with J.B. Chemicals Torrent Pharmaceuticals Limited announced on March 25, 2026, that the Hon’ble National Company Law Tribunal, Ahmedabad Bench, has issued a Corrigendum Order regarding the proposed amalgamation with J.B. Chemicals & Pharmaceuticals Limited. This follows a prior notification dated March 24, 2026, concerning the order related to the amalgamation scheme.The amalgamation involves Torrent Pharmaceuticals Limited acting as the Transferee Company and J.B. Chemicals & Pharmaceuticals Limited as the Transferor Company. The Corrigendum Order is available on the Tribunal’s website at https://nclt.gov.in/.BSE Scrip Code: 500420 NSE Scrip Code: TORNTPHARM...

Manglam Global Corporations Limited Acquires Subsidiaries, Approves Borrowing Powers Kshitij Investments Ltd., now operating as Manglam Global Corporations Limited, announced several key decisions following a board meeting held on March 25, 2026.The board approved the draft Notice of an Extraordinary General Meeting (EGM) of shareholders, scheduled for April 27, 2026, at 4:00 P.M. via video conference/other audio visual means. The EGM will address related party transactions and other matters. Ravi Patidar and Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer for the remote e-voting and e-voting during the EGM.The board approved material related party transaction limits with several entities, including...

Nexome Capital Markets Limited Receives Trading Approval for Rights Issue Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) announced today, March 25, 2026, that it has received trading approval from the BSE Limited for 29,38,500 equity shares. The shares, with a face value of Rs. 10.00 each and a premium of Rs. 65.00, are issued on a rights basis and bear distinctive numbers from 58,77,001 to 88,15,500.The BSE Limited issued the trading approval letter, reference number LOD/RIGHTS/SV/471/2025-2026. The newly issued shares will be listed on the Exchange effective March 27, 2026. Trading members are directed to refer to BSE Notice No. 20260325-51, available on the BSE website, for further details.Source: