Markets

Bhoruka Supply Chain Solutions Holdings Limited Acquires Shares in Transport Corporation of India Ltd. Bhoruka Supply Chain Solutions Holdings Limited has acquired 1,050 equity shares of Transport Corporation of India Limited on March 20, 2026, according to a filing.As of March 20, 2026, Bhoruka Supply Chain Solutions Holdings Limited held 3,38,63,634 shares, representing 44.1256% of the total share and voting capital, and 44.1256% of the total diluted share and voting capital of Transport Corporation of India Limited.The acquisition of 1,050 shares was made through an open market transaction. Following the acquisition, Bhoruka Supply Chain Solutions Holdings Limited now holds 3,38,64,684 shares, representing 44.1269% of the total...

Tata Steel Acquires $180 Million Stake in Subsidiary T Steel Holdings Pte. Ltd. Tata Steel Limited announced today, March 24, 2026, the acquisition of an additional equity stake in its wholly-owned foreign subsidiary, T Steel Holdings Pte. Ltd. (TSHP). The company acquired 17,857,14,286 equity shares, each with a face value of USD 0.1008, representing a total investment of USD 180 million (approximately ₹1,680.27 crore).Following this acquisition, TSHP will remain a wholly-owned subsidiary of Tata Steel. The transaction builds upon previous disclosures regarding the company's fund infusion into TSHP, spanning from May 12, 2025, to February 26, 2026.The USD to INR exchange rate used for the conversion was ₹93.3483, as published by...

Aditya Birla Capital Limited Allots Debentures on Private Placement Basis Aditya Birla Capital Limited announced the allotment of unsecured, rated, listed, taxable, redeemable subordinated non-convertible debentures on a private placement basis. The company allotted 25,000 debentures, each with a face value of Rs. 1,00,000, aggregating to Rs. 250 Crore.The initial issue size was Rs. 150 Crore with a green shoe option up to Rs. 100 Crore.The debentures carry a coupon rate of 8.0300% p.a. and have a tenor of 3,650 days, with a further issuance tenor of 3,328 days. The date of allotment was March 24, 2026, and the date of redemption/maturity is May 4, 2035.The illustrative cash flows per debenture are as follows:ParticularsTerms...

Suditi Industries Ltd. Allots Equity Shares and Warrants on Preferential Basis Suditi Industries Ltd. announced the allotment of 6,95,100 equity shares and 15,55,600 warrants on a preferential basis. The decisions were approved by the board of directors following a special resolution passed at an Extraordinary General Meeting held on January 16, 2026, and an “In-Principal Approval” from the BSE Limited on March 16, 2026.A total of 6,95,100 equity shares were allotted at a price of Rs. 59.12 per share, aggregating to Rs. 4,10,94,312. The warrants were issued at Rs. 59.12 each, including a warrant subscription price of Rs. 14.78 and a warrant exercise price of Rs. 44.34, for a total consideration of Rs. 9,19,67,072. Rs. 2,29,91,768...

Shakti Pumps Invests ₹5 Crores in Subsidiary for Solar Manufacturing Expansion Shakti Pumps (India) Limited announced an investment of ₹5,00,00,000 in its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL), on March 24, 2026. The investment will be used to establish a greenfield high-efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.20 GW.SESL, incorporated on September 6, 2010, reported a turnover of ₹216.53 Crores for the fiscal year 2025. The company currently manufactures solar structures and deals in solar rooftops.The investment does not constitute a related party transaction and will be made in consideration of equity shares. No...

Jay Jalaram Technologies Limited Announces Resignation of Independent Director Jay Jalaram Technologies Limited announced on March 24, 2026, the resignation of Mr. Miteshkumar Harendrabhai Mehta (DIN: 05347948) as a Non-Executive, Independent Director of the company. The resignation will be effective from the close of business hours on March 31, 2026.Mr. Mehta also served as the Chairman of the Stakeholders' Relationship Committee and a member of the Audit Committee and Nomination & Remuneration Committee.According to Mr. Mehta's resignation letter, the decision is due to unavoidable personal circumstances and other professional commitments. He confirmed that there are no other material reasons for his resignation beyond those...

Natco Pharma Limited Approves Scheme of Arrangement, Subsidiary Incorporation, and Liquidation March 24, 2026 – Natco Pharma Limited announced that its Board of Directors approved a Scheme of Arrangement and other corporate actions at a meeting held on March 24, 2026.The Scheme of Arrangement involves the demerger of the Agrochemicals business from Natco Pharma Limited into Natco Crop Health Sciences Limited, a wholly-owned subsidiary. Shareholders of Natco Pharma Limited will receive one equity share in Natco Crop Health Sciences Limited for every equity share held in Natco Pharma Limited. The Appointed Date for the Scheme is October 1, 2026.The Board also approved the incorporation of a wholly-owned subsidiary in Nigeria, named...

Flexituff Ventures International Limited Announces Resignation of Company Secretary Flexituff Ventures International Limited announced on March 24, 2026, that Ms. Priya Soni has resigned from her position as Whole-time Company Secretary and Compliance Officer, effective March 24, 2026. Ms. Soni cited pre-occupation with other assignments as the reason for her resignation. She confirmed that there are no other material reasons for the resignation.According to a filing, the details pertaining to the change in key managerial personnel are as follows:S. NoParticularsDetails of Change1NameMs. Priya Soni2Reason for change viz. appointment, resignation, removal, death or otherwiseMs. Priya Soni, Company Secretary has resigned from...

Advani Hotels & Resorts Announces Special Window for Share Dematerialization and Transfer Advani Hotels & Resorts (India) Ltd. announced the opening of a special window for the transfer and dematerialization of physical shares, according to a filing with the BSE Limited on March 24, 2026.This initiative, effective from February 5, 2026, to February 4, 2027, facilitates the lodgment/re-lodgment of transfer and dematerialization requests, as per SEBI's circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The company published advertisements regarding this in the Financial Express (English) and Mumbai Lakshdeep (Marathi) newspapers on March 24, 2026.A Shyam India Investment Company Limited Details Transfer and...

Jonjua Overseas Ltd. Announces Leadership Changes and Board Updates Jonjua Overseas Ltd. announced several changes to its leadership team following a board meeting held on March 24, 2026. The meeting, which began at 4:30 PM and concluded at 5:00 PM, also included a review of the company’s general day-to-day affairs.The board accepted the resignation of CS Vaishali Rani, effective March 9, 2026. CS Riva Maini will be transferred from Jonjua Air Limited to Jonjua Overseas Limited and appointed as Company Secretary and Compliance Officer, effective June 1, 2026. She will participate in company familiarity training as needed.Key Details of Riva Maini’s Appointment:Sr. No.PARTICULARSDETAILS1NameMrs. Riva Maini2Reason for...

OCCL Limited Initiates Anti-Dumping Duty Absorption Review OCCL Limited announced on March 24, 2026, that the Directorate General of Trade Remedies (DGTR), Ministry of Commerce and Industry, Government of India, has initiated an anti-dumping duty absorption review concerning imports of 'Insoluble Sulphur' originating in or exported from China PR. The notification, dated March 20, 2026 (Case No. AD (AA)-02/2026), was published in the e-Gazette on March 24, 2026.The review was initiated in response to an application filed by OCCL Limited, a domestic producer, alleging absorption of the existing anti-dumping duty, rendering the duty ineffective.At this stage, there is no immediate material impact on the financial or operational...

Expo Engineering and Projects Ltd. Receives Work Order from Reliance Industries Limited Expo Engineering and Projects Limited announced today, March 24, 2026, that it has received a work order from Reliance Industries Limited Jamnagar site. The total value of the order is Rs. 12,36,412 (inclusive of taxes).The order pertains to the supply of six CS fabricated fittings for offsites & utilities projects at the RIL Jamnagar location. The delivery date is April 20, 2026, as per the purchase order.According to the details released, the order is from a domestic entity and does not involve any related party transactions.Here's a summary of the work order details:ParticularsDetailsName of entity awarding the orderReliance...

Aditya Birla Real Estate Faces GST Demand of ₹23,96,415 Aditya Birla Real Estate Ltd. has received a demand for additional Goods and Services Tax (GST) liability, interest, and penalty, according to a filing on March 24, 2026. The demand, totaling ₹23,96,415, stems from an order issued by the Additional Commissioner (CGST & C. Ex.), Office of the Commissioner of CGST & Central Excise, Mumbai Central, Mumbai, dated March 17, 2026.The order relates to Input Tax Credit availed by the company and includes a tax amount of ₹19,82,080 for CGST and ₹19,82,080 for SGST, alongside interest and a penalty of ₹3,96,415 on the tax amount. The order pertains to alleged ineligible Input Tax Credit availed during the financial year 2019-20.According...

Magellanic Cloud Subsidiary Secures ₹25 Crore Purchase Order from Punjab & Sind Bank Magellanic Cloud Limited announced on March 24, 2026, that its wholly owned subsidiary, Provigil Surveillance Limited, has received a purchase order of approximately ₹25 Crore from Punjab & Sind Bank.The order involves the deployment of advanced AI-enabled surveillance solutions across approximately 930 ATM/CRM sites. This deployment will enable enhanced real-time monitoring, threat detection, and operational efficiency for the bank's network over a period of five years under an OPEX model.According to a filing, none of the promoters, promoter group, or group companies have any interest in Punjab & Sind Bank. The order does not constitute a...

SMT Engineering Ltd. Independent Directors Review Board Performance SMT Engineering Ltd. announced on March 24, 2026, that its Independent Directors reviewed the performance of Non-Independent Directors and the Board as a whole during a meeting held on the same date.The Independent Directors also assessed the quality, quantity, and timeliness of information flow between the company's management and the Board. Furthermore, they reviewed the performance of the Chairperson of the Company, considering the perspectives of executive and non-executive directors.The meeting was held on March 24, 2026. SMT Engineering Limited's scrip code is 538563. Abhishek Kanungo, Independent Director (DIN: 11259823), provided this information.Source:

Brijlaxmi Leasing & Finance Faces Open Offer from Jaykishor Chaturvedi and Others Brijlaxmi Leasing & Finance Ltd. is the subject of an open offer initiated by Jaykishor Chaitanyakishor Chaturvedi, Siddharth Jaykishor Chaturvedi, Ankur J Chaturvedi, and Brijlaxmi Infotech Limited. The acquirers aim to acquire up to 64,99,889 equity shares, each with a face value of ₹10, at a price of ₹10.05 per share. This transaction is projected to involve a total investment of ₹6,53,23,884.45.The Draft Letter of Offer was previously submitted to the Securities and Exchange Board of India (SEBI) on December 19, 2025. SEBI has since provided its final comments, which will be incorporated into the Letter of Offer to be sent to eligible shareholders...

Magellanic Cloud Limited Authorizes Key Personnel to Determine Materiality of Events Magellanic Cloud Limited announced on March 24, 2026, that its Board of Directors has authorized specific Key Managerial Personnel (KMP) to determine the materiality of events and information and disclose them to stock exchanges. This action aligns with the Securities and Exchange Board of India (SEBI) Listing Regulations.The authorized KMP and their designations are as follows:Sr. No.Name of KMPDesignation1Mr. Joseph Sudheer Reddy ThummaManaging Director2Mr. Pratik Harish Bhai BhattChief Financial Officer3Mr. Sameer LalwaniCompany Secretary & Compliance OfficerMr. Thumma, Mr. Bhatt, and Mr. Lalwani will be responsible for assessing...

Globe Enterprises (India) Limited Announces Departure of Independent Director Globe Enterprises (India) Limited announced that Yogesh Kanhiyalal Vaidya has ceased to serve as an Independent Director, concluding his second consecutive term on March 24, 2026. Mr. Vaidya’s departure also marks the end of his tenure as Chairman of the Audit Committee, Nomination & Remuneration Committee, Stakeholders’ Relationship Committee, and the Committee of Independent Directors.According to a company statement, Mr. Vaidya's term of four consecutive years concluded at the close of business hours on March 24, 2026.Sr. NoParticularsMr. Yogesh Kanhiyalal Vaidya1Reason for change viz., appointment, re appointment, resignation, removal, death...

Interworld Digital Ltd. Reviews Board Performance and Information Flow Interworld Digital Ltd. announced that a meeting of its Independent Directors was held on March 24, 2026, at the company's registered office in New Delhi.During the meeting, the Independent Directors reviewed the performance of Non-Independent Directors and the Board as a whole. They also assessed the quality, quantity, and timeliness of information flow between company management and the Board.The Independent Directors’ meeting concluded at 4:45 P.M.Source:

Swarnsarita Jewels India Limited to Hold Independent Directors Meeting Swarnsarita Jewels India Limited announced that a meeting of its Independent Directors will be held on March 30, 2026, at 1:00 P.M. (IST) in Mumbai.The meeting's agenda includes a review of the performance of Non-Independent Directors and the Board of Directors as a whole. Additionally, the meeting will assess the performance of the chairperson, considering the perspectives of executive and non-executive directors. The quality, quantity, and timeliness of information flow between the company’s management and the board of directors will also be evaluated to ensure the board can effectively fulfill its duties. Other matters may be discussed with the permission of...