Markets

Zydus Lifesciences Limited Receives Demand Order from State Tax Authority Zydus Lifesciences Limited announced it has received a demand order from the Assistant Commissioner of State Tax, Gujarat, concerning alleged inadmissible availment of Input Tax Credit for the financial year 2019-20. The order, issued on March 24, 2026, includes a demand for Rs. 3.28 crore, encompassing interest and penalty, as per the CGST Act, 2017.The company stated it firmly believes it has strong merits and intends to appeal the order. The company anticipates a favorable outcome based on previous High Court and Supreme Court rulings related to similar matters, and currently assesses the financial impact as immaterial.ParticularsDetailsName of the...

Bhoruka Supply Chain Solutions Holdings Limited Acquires Shares in Transport Corporation of India Ltd. Bhoruka Supply Chain Solutions Holdings Limited has acquired 2,200 equity shares of Transport Corporation of India Limited on March 23, 2026, according to a regulatory filing.As of March 23, 2026, Bhoruka Supply Chain Solutions Holdings Limited held 3,38,64,684 shares, representing 44.1269% of the total share and voting capital, and 44.1269% of the total diluted share and voting capital of Transport Corporation of India Limited.The acquisition of 2,200 shares was made through open market transactions. Following the acquisition, Bhoruka Supply Chain Solutions Holdings Limited now holds 3,38,66,884 shares, representing 44.1298% of...

Himadri Speciality Chemical Completes Redemption of Commercial Paper Himadri Speciality Chemical Ltd. announced the full and timely redemption of a commercial paper (CP) amounting to Rs. 200 crore on March 25, 2026. The redemption fulfills obligations to CP holders as outlined in the issuance terms.The details of the redeemed commercial paper are as follows:Scrip CodeISINMaturity DateRedemption DateAmount730868INE019C1466426/03/202625/03/2026Rs. 200 CroreThe record date for the commercial paper was previously established on February 9, 2026.Source:

Abhishek S. Poddar Sells Substantial Stake in Siyaram Silk Mills BSE Limited and National Stock Exchange of India Ltd. – Abhishek S. Poddar, a promoter of Siyaram Silk Mills Limited, sold 3,15,000 equity shares on March 23, 2026.According to a filing, Poddar’s sale resulted in a decrease of 10.69% in shares carrying voting rights. Prior to the sale, Poddar held 515,077 shares, representing 1.14% of the company's total share/voting capital. Following the transaction, his holding decreased to 200,077 shares, representing 0.44% of the total share/voting capital.The total equity share capital of Siyaram Silk Mills is Rs. 9,07,40,176, divided into 4,53,70,088 equity shares of Rs. 2 each. The sale was conducted through an open market...

Coal India Subsidiary Files Prospectus for Initial Public Offering Coal India Limited announced that Central Mine Planning & Design Institute Limited (CMPDIL), a wholly-owned subsidiary, filed its prospectus with the Registrar of Companies, Jharkhand at Ranchi on March 25, 2026. This filing follows the submission of a Red Herring Prospectus on March 12, 2026, for an Initial Public Offering (IPO) of up to 107,100,000 equity shares with a face value of ₹2 each. The IPO will be an Offer for Sale.Source:

Ashoka Buildcon Ltd. Allots Shares to Subsidiary Viva Infrastructure Limited Ashoka Buildcon Limited announced the allotment of 40,02,250 equity shares to its wholly-owned subsidiary, Viva Infrastructure Limited (VIL), under a rights issue. The allotment, finalized on March 25, 2026, represents a value of Rs. 4.00 crore.Following the share allotment, Ashoka Buildcon Limited now holds a total of 121,06,750 equity shares in VIL, and VIL remains a wholly-owned subsidiary.VIL, incorporated on January 28, 2002, reported a total income of Rs. 872.21 lakh and a net worth of Rs. (9,606.89) lakh based on its audited financial statements for the fiscal year 2024-25. The company operates within the infrastructure sector, a field where Ashoka...

Mega Corporation Ltd. Appoints Navratan Baid as Additional Director Mega Corporation Limited announced the appointment of Mr. Navratan Baid as an Additional Director (Non-Executive Independent Director) effective March 25, 2026. The appointment was approved by the company's Board of Directors at a meeting held on the same date. Mr. Baid's appointment is subject to approval by the company's shareholders at a future general meeting.Mr. Baid, whose Director Identification Number (DIN) is 00251523, is a commerce graduate from Delhi University. He possesses experience in small-scale manufacturing, marketing, import, and distribution businesses since 1987. Mr. Baid is not related to any other director of Mega Corporation Limited. He is not...

Capri Global Capital Ltd. Authorizes Officers for USD 1 Billion GMTN Programme Capri Global Capital Limited announced on March 25, 2026, that its Management Committee authorized certain officers to proceed with a global medium-term note (GMTN) programme. The programme aims to raise an aggregate amount not exceeding USD 1 billion.The authorization, granted at a meeting of the Management Committee held on March 25, 2026, enables officers to negotiate, finalize, and execute necessary documents related to the GMTN Programme. This includes establishing the program in accordance with Regulation S and/or Rule 144A of the U.S. Securities Act, 1933.The company intends to offer foreign currency bonds, notes, or debentures under the GMTN...

Radhika Poddar Acquires 6,400 Equity Shares in Sellowrap Industries Limited Sellowrap Industries Limited announced that Radhika Poddar, part of the Promoter Group, acquired 6,400 equity shares in the company on March 25, 2026. The acquisition was made through open market transactions.The transaction involved an acquisition of 6,400 equity shares, representing 0.46% of the company's outstanding shareholding, for a total value of Rs. 4,46,480. The shares were acquired at a price of Rs. 69.7625 per share.Here's a summary of the transaction details:DetailValueAcquirerRadhika PoddarCategory of AcquirerPromoter GroupNumber of Shares Acquired6,400Percentage of Shares Acquired0.46%Total Value of AcquisitionRs. 4,46,480/-...

Kranti Industries Ltd. to Disinvest Stake in Subsidiary Company Kranti Industries Ltd. announced on March 25, 2026, that its Board of Directors approved a proposal to disinvest up to 10,00,000 equity shares, representing 15.22% of the paid-up share capital of Preciso Metall Private Limited, a subsidiary company. Following the disinvestment, Preciso Metall Private Limited will cease to be a subsidiary of Kranti Industries Ltd.Preciso Metall Private Limited is not considered a material subsidiary of the company.During the last financial year, Preciso Metall Private Limited contributed a turnover of ₹737.92 million, representing 9.40% of Kranti Industries Ltd.'s consolidated turnover. The subsidiary's net worth was a negative ₹190.04...

DPP Enterprises LLP Acquires Substantial Stake in Siyaram Silk Mills Ltd. DPP Enterprises LLP has acquired 315,000 equity shares of Siyaram Silk Mills Limited on March 23, 2026, according to a filing. The acquisition triggers disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Prior to the acquisition, DPP Enterprises LLP held 130,408 shares carrying voting rights. Following the acquisition, the firm’s total holding of shares with voting rights has increased to 445,408.The acquisition was made through open market transactions.Siyaram Silk Mills Limited has an equity share capital of Rs. 90,74,01,76 divided into 4,53,70,088 equity shares of Rs.2 each.Summary of...

HBL Engineering Ltd. Enters Joint Venture for Maritime Technology Development HBL Engineering Limited (HBL) has executed a Joint Venture Agreement with Cochin Shipyard Limited (CSL) to develop electric mobility technology and energy storage solutions for the maritime space. The announcement follows prior board approval on February 7, 2026.The newly formed Joint Venture Company, named "GREEN MARITIME PROPULSION PRIVATE LIMITED," will be incorporated in Hyderabad, India, with an initial capital of Rs. 9 crore. HBL will hold a 60% stake, contributing Rs. 5.40 crore, while CSL will own 40%, investing Rs. 3.60 crore. Shares will be issued at face value of Rs. 10 each.The Joint Venture Company will focus on developing electric mobility...

Finkurve Financial Services Limited Completes Interest Payment on Non-Convertible Debentures Mumbai – March 25, 2026 – Finkurve Financial Services Limited announced the completion of interest payments related to its outstanding Non-Convertible Debentures (NCDs). The payment, totaling Rs. 54,76,967.00 (Rupees Fifty Four Lakh Seventy Six Thousand Nine Hundred Sixty Seven Only), was made to all concerned NCD holders on March 25, 2026, before the due date.The details of the interest payment are as follows:ParticularsDetailsISININE734I07032Issue SizeRs. 21,00,00,000 (Rupees Twenty-One Crores)Interest Amount PaidRs. 54,76,967.00 (Rupees Fifty Four Lakh Seventy Six Thousand Nine Hundred Sixty Seven Only)Payment...

RACL Geartech Ltd. Addresses Operational Adjustments Due to LPG Supply Constraints RACL Geartech Ltd. has announced operational adjustments stemming from intermittent constraints in the availability of Liquefied Petroleum Gas (LPG), Pipeline Natural Gas (PNG), and Compressed Natural Gas (CNG) for industrial use. These gases are essential inputs for the company’s manufacturing processes and those of its suppliers, resulting in limited operational disruptions during the current month.The company is actively coordinating with suppliers and implementing alternate production planning and contingency measures to mitigate the impact. While these temporary constraints may affect production schedules for the month, RACL Geartech anticipates...

F Mec International Financial Services Ltd. Responds to Share Price Movement F Mec International Financial Services Limited addressed concerns regarding recent share price activity, stating the movement is attributable to general market conditions and investor perception.The company’s response, dated March 25, 2026, was provided to the Listing Department of the BSE Limited in connection with an email received on March 24, 2026. F Mec International Financial Services Ltd. confirmed that it has regularly disclosed material information pertaining to the company's operations and performance in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The company’s share code on the BSE...

AVRO INDIA LIMITED Announces Stock Split and Other Corporate Actions AVRO INDIA LIMITED announced on March 25, 2026, that its Board of Directors has approved a 1:10 stock split of its existing equity shares. This means that each existing share with a face value of Rs. 10 will be split into 10 shares with a face value of Rs. 1 each. The decision aims to enhance the liquidity of the company's equity shares and encourage participation from retail investors.The Board also approved an alteration of the company’s Capital Clause in its Memorandum of Association, which will read: ‘The Authorized Share Capital of the Company is Rs. 15,00,00,000 divided into 15,00,00,000 equity shares of face value of Rs. 1 each.’Furthermore, the Board...

Winsome Yarns Limited Delays Submission of Un-Audited Financial Results Winsome Yarns Limited has informed the BSE Limited and National Stock Exchange of India Ltd. of a delay in submitting the un-audited financial results for the quarter ended December 31, 2025.The company, incorporated on July 19, 1990, is currently undergoing a Corporate Insolvency Resolution Process (CIRP) following an application by Financial Creditor Edelweiss Asset Reconstruction Company Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal, Chandigarh Bench, initiated the CIRP on December 22, 2023, appointing Mr. Sanjay Gupta as the Interim Resolution Professional. Subsequently, ARCK Resolution Professionals LLP...

Exide Industries Invests ₹450 Crore in Wholly Owned Subsidiary Exide Industries Limited announced an investment of ₹450,00,00,000 (₹450 crore) in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on March 25, 2026. The investment was made through a rights offering. This brings the total investment by Exide Industries in EESL to ₹4,802.23 crore. The shareholding percentage of Exide Industries in EESL remains unchanged at 100%.About Exide Energy Solutions Limited EESL was incorporated on March 24, 2022, and is engaged in the manufacturing and selling of lithium-ion battery cells, modules, and packs for the electric vehicle market and stationary applications. As of March 31, 2025, EESL's net worth stood at ₹2,738.06...

Power Mech Projects Limited Sees Order Book Reduction Following Tender Annulment Power Mech Projects Limited announced on March 25, 2026, that West Bengal State Electricity Distribution Company Limited (WBSEDCL) has annulled a tender process and rescinded a Letter of Award (LoA) previously issued to its wholly owned subsidiary, PM Green Private Limited. The LoA, initially issued on January 08, 2026, pertained to a 250 MW/ 1000 MWh Standalone Battery Energy Storage System project in Goaltore.The annulment was attributed to administrative and procedural challenges beyond the control of either party, and it was clarified that the decision was not due to any default or non-compliance by the bidder. The Bid Security and Performance Bank...

Just Dial Receives Penalty Order from State Tax Authority Just Dial Limited, India's leading local search engine, announced it has received an order from the Assistant Commissioner of State Tax in Mumbai. The order, dated March 24, 2026, imposes a penalty of 8.74 crore under the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017.The penalty relates to allegations of excess availment of input tax credit on common services during the fiscal year 2019-20. Alongside the penalty, the order includes a demand for an additional tax amount along with applicable interest, totaling 18.89 crore.Just Dial intends to file an appeal against the order. The company stated the financial impact is limited to...