Markets

Tata Consumer Products Receives Order Deleting Tax Demand Tata Consumer Products Ltd. announced today, March 24, 2026, that it has received a rectification order from the Deputy Commissioner of Income-tax, Circle 4(1), Kolkata. The order, bearing DIN: ITBA/REC/M/154/202526/1087371347(1), reinstates all claims made by the company in a modified tax return and deletes the previously assessed tax demand of Rs. 2,69,29,49,860, including interest.The original tax demand stemmed from an order received from the Centralized Processing Center, Incometax Department, Bengaluru, which was initially disclosed in a letter dated January 6, 2026. The demand related to the financial year 2018-19.Additional information is available on the company’s...

Sterling Tools Limited Announces Key Managerial Personnel Details Sterling Tools Limited has announced an update regarding its Key Managerial Personnel (KMP), as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows the company’s prior communication on March 23, 2026, concerning the appointment of the Company Secretary and Compliance Officer.The KMP are authorized to assess the materiality of events or information and make necessary disclosures to stock exchanges, aligning with the company’s policy.Below is a table outlining the details of the authorized KMP:S.No.NameDesignationAddressE-mail ID and contact number1Mr. Atul AggarwalManaging DirectorPlot No. 4, DLF Industrial...

Maruti Suzuki India Ltd. Approves Expansion of Production Capacity Maruti Suzuki India Ltd. announced on March 24, 2026, that its board has approved the addition of capacity at its Khoraj Industrial Estate site. The expansion includes a first phase capacity addition of 250,000 vehicles per annum.Currently, the company's total existing production capacity is approximately 2.4 million units per annum across its Gurugram, Manesar, Kharkhoda, and Hansalpur facilities, with a capability to produce 2.6 million units per annum. The existing capacity is fully utilized.The company expects to add this initial phase of 250,000 vehicle capacity by 2029, subject to market conditions. The investment required for this expansion is INR 10,189...

India Homes Ltd. Converts Loan to Equity, Board Approves Share Allotment India Homes Ltd. announced on March 24, 2026, that its Board of Directors approved the conversion of an unsecured loan into equity shares. The company will issue up to 15,070,000 equity shares of Re. 1 each, to promoters at a price of Rs. 14.60 per share, including a premium of Rs. 13.60 per share.The conversion involves Rs. 220,02,22,000 in unsecured loans received from promoters.Shareholder Details and Voting RightsThe following table outlines the details of the preferential allotment of equity shares:Sr. NoNamePre-Preferential Allotment HoldingPre-Preferential Allotment %Post Preferential Allotment HoldingPost Preferential Allotment %Preferential...

TATA Consumer Products Limited Receives ESG Rating Update from MSCI TATA Consumer Products Limited announced on March 24, 2026, that MSCI ESG Ratings and Research Private Limited has assigned an Environmental, Social, and Governance (ESG) rating of A to the company. This assessment reflects the findings of a report independently prepared by MSCI ESG based on publicly available data pertaining to the company’s fiscal year 2024-25.According to TATA Consumer Products Limited, the company did not engage MSCI ESG directly for the rating, which was determined using a new MSCI Methodology and published on their website. The information is also available on the company's website at www.tataconsumer.com.Source:

Maruti Suzuki India Limited Announces Senior Management Changes Maruti Suzuki India Limited announced changes to its senior management personnel, effective April 1, 2026. The changes were disclosed on March 24, 2026, following a board meeting that commenced at 12:30 p.m. and concluded at 2:15 p.m.Key Changes:Ram Suresh Akella: Transferred from Head - Service to Head - Part & Accessories. Akella, currently Executive Officer - Service Vertical, has been with Maruti Suzuki for over 33 years, previously holding roles such as Sales and Network Head at Arena channel and Commercial Business head of the South region. He holds a Bachelor of Engineering degree from Andhra University and an MBA from the Faculty of Management Studies...

Mafatlal Industries Ltd. Board Approves Postal Ballot for Special Business Items Mafatlal Industries Limited announced on March 24, 2026, that its Board of Directors approved a notice for a postal ballot to seek shareholder consent on several special business items.The Board meeting commenced at 11:30 am and concluded at 2:04 pm.Shareholders will vote on the following:Approval to advance any loan, provide a guarantee, or offer security under Section 185 of the Companies Act, 2013. An increase in the threshold for loans, guarantees, providing of securities, and making of investments in securities under Section 186 of the Companies Act, 2013.The cut-off date for determining shareholder eligibility to vote is April 17, 2026...

Unitech International Ltd. Postpones Committee of Creditors Meeting Unitech International Ltd. announced the postponement of its Committee of Creditors (CoC) meeting. The 7th CoC meeting, initially scheduled for March 23, 2026, at 4:00 P.M. via video conference, has been rescheduled to Tuesday, March 24, 2026.The postponement was disclosed in relation to the company's Corporate Insolvency Resolution Process.Nitin Narang, Resolution Professional, IBBI Registration Number: IBBI/IPA-002/IP-N00828/2019-2020/12629 and AFA Valid Till: 30.06.2026, communicated the change. The company’s stock symbol is UNITINT and the Scrip Code is 531867 on the BSE Limited.Source:

RIR Power Electronics Develops 25 kV High-Voltage Thyristor Switch Mumbai, March 24, 2026 (BSE: 517035) – RIR Power Electronics Limited has announced the successful development of a 25 kilovolt (kV) - 120 kiloampere (kA) Capacitor discharge vertically integrated semiconductor switch, marking a significant advancement in India's high-power electronics capabilities.The innovation supports the government's Make in India initiative by introducing India's first indigenously developed 25 kV high-voltage thyristor switch for advanced pulse power applications. The switch incorporates a 125 mm silicon-controlled rectifier (SCR) capable of blocking voltages up to 8 kV, developed in India for the first time.The product was tested and qualified...

TVS Holdings Limited Allots Debentures Through NSE EBP Platform TVS Holdings Limited announced today, March 24, 2026, the allotment of 65,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures (NCDs) following a successful bidding process on the NSE Electronic Bidding Platform (NSE EBP). The identified investors subscribed for a total amount of Rs. 650,00,00,000 (Rupees Six Hundred and Fifty Crores).The NCDs have a face value of INR 1,00,000 each. The allotment was approved via circular resolution by the Asset Liability Management Committee of Directors.Key details of the NCDs are outlined below:ParticularsDetailsType of SecuritiesSenior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures...

Trishakti Industries Deploys ₹190 Crore in FY26, Exceeding Guidance by 90% Kolkata, March 24, 2026 – Trishakti Industries announced that it deployed ₹190 crore in capital expenditure during fiscal year 2026, significantly surpassing its guided target of ₹100 crore. This represents a 90% increase over the initial guidance and brings the company’s cumulative fleet investment to approximately ₹240 crore. The company’s fleet size now stands at 138 machines, all operating at 100% utilization across more than 20 live projects.The accelerated capital expenditure was driven by strong project visibility, a favorable macroeconomic environment for infrastructure and renewable energy, and the company’s ability to swiftly deploy high-capacity...

Tega Industries Sees Inter-se Transfer of Shares Within Promoter Group Tega Industries Limited announced that MM Business Trust, a member of the Promoter Group, has acquired 72,78,925 equity shares, representing 9.69% of the total paid-up capital, from Mr. Manish Mohanka, a Promoter of the company. The acquisition occurred through an off-market transfer, structured as a gift, on March 23, 2026.The transaction was made in accordance with an exemption order from the Securities and Exchange Board of India (SEBI) dated January 27, 2026. The aggregate holding of the Promoter and Promoter group remains unchanged, and there is no change in control or management of Tega Industries Limited.As of March 23, 2026, the equity share capital of...

Magson Retail And Distribution Limited Receives Pre-Clearance Application for Equity Share Sale Magson Retail And Distribution Limited announced on March 24, 2026, that it received a pre-clearance application from Mr. Maheshbhai Naranbhai Patel, a member of the Promoter Group, for the sale of equity shares in the company. The application was approved by the company.Mr. Patel intends to sell 20,000 equity shares, currently held in physical form under folio number IN30051390105651. This sale would reduce his holdings from 283,850 to 263,850 equity shares. The proposed transaction will be executed through the National Stock Exchange of India Limited, with a price of INR 135 per share, which was the closing price on March 23, 2026. The...

Asahi India Glass Limited Sells Stake in Under Par Sports Technologies Asahi India Glass Limited announced that its subsidiary, AIS Consumer Glass Solutions Limited ('CG'), has entered into an agreement to sell its entire 34% stake in Under Par Sports Technologies Private Limited ('Target Company'). The transaction, finalized on March 24, 2026, will see CG divest its stake to Mr. Anitya Chand and Mr. Karanpreet Bindra for a consideration of 9.05 Lakhs.Upon completion of the sale, the Target Company will cease to be an associate of CG and an indirect associate of Asahi India Glass Limited. The sale involves 170,000 equity shares with a face value of 210 each. The consideration is expected to be received in one or more tranches...

Future Consumer Limited Provides Update on NCLT Hearing Regarding SBI Case Future Consumer Limited announced on March 24, 2026, an update concerning the National Company Law Tribunal (NCLT) hearing initiated by State Bank of India (SBI). This follows a previous disclosure dated February 16, 2026, regarding the case filed at NCLT (Mumbai) by SBI against the company.During the hearing, counsel representing Future Consumer Limited informed the NCLT bench that SBI revised its claim and interest component in response to objections regarding the computation of the claim. SBI is amending Form-1 of its petition to reflect this revision.The NCLT granted SBI two weeks to file an amended Form-1 via affidavit and subsequently provided one week...

Max Financial Services Limited Receives Approval to Relocate Registered Office Max Financial Services Limited announced on March 24, 2026, that it has received an order from the Regional Director (RD), Northern Region, Chandigarh, Ministry of Corporate Affairs, approving the relocation of its registered office. The order, dated February 17, 2026, follows a special resolution passed by the company's members during its 37th Annual General Meeting on September 18, 2025.The approved relocation involves shifting the registered office from the State of Punjab to the State of Haryana. The move complies with the provisions of the Companies Act, 2013.Max Financial Services Limited is currently finalizing the necessary e-form filings with the...

Emcure Pharmaceuticals Announces Re-appointment of Independent Directors Emcure Pharmaceuticals Limited announced the re-appointment of three Independent Directors following a postal ballot concluded on March 20, 2026. The results of the postal ballot were announced on March 24, 2026, based on a report from the Scrutinizer dated March 23, 2026.Mr. Vijay Keshav Gokhale (DIN: 09134089) has been re-appointed for a second term of 5 years, effective April 16, 2026. Dr. Vidya Rajiv Yeravdekar (DIN: 02183179) will serve another 3-year term, also beginning April 16, 2026. Dr. Shailesh Kripalu Ayyangar (DIN: 00268076) has been re-appointed for a second term of 5 years, effective June 02, 2026.The newly appointed directors are not debarred...

Diana Tea Company Ltd. Announces Trading Window Closure Diana Tea Company Ltd. has announced the closure of its trading window, effective April 1, 2026. This action aligns with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s code of conduct for designated individuals and their immediate relatives.The trading window will remain closed until 48 hours after the declaration of the company’s audited financial results for the quarter and financial year ended March 31, 2026. The date of the board meeting to consider and approve these financial results will be communicated separately. Diana Tea Company Ltd. is identified by Stock Code 530959.Source:

India Shelter Finance Corporation Ltd. Announces Trading Window Closure India Shelter Finance Corporation Limited has announced the closure of its trading window for designated individuals, effective Wednesday, April 1, 2026. This action is in accordance with the Securities and Exchange Board of India (SEBI) regulations regarding insider trading and the company's own code of conduct for insiders.The trading window will remain closed until 48 hours after the audited financial results for the quarter and year ended March 31, 2026, are released to the stock exchanges. The company will announce the date of the board meeting to approve these financial results at a later time. The ISINs for the company are INE922K01024, INE922K07104, and...

Surat Trade and Mercantile Limited Reviews Board and Director Performance Surat Trade and Mercantile Limited, formerly known as Surat Textile Mills Limited, convened a meeting of its Independent Directors on March 24, 2026. The meeting, conducted via video conference, addressed several key areas concerning board governance and performance.The agenda included a review of the performance of both Non-Independent Directors and the Board as a whole. Additionally, the Independent Directors assessed the performance of the Chairperson, considering input from both executive and independent directors.A further evaluation focused on the adequacy and timeliness of information flow between the company’s management and the Board, ensuring the...