Markets

Shervani Industrial Syndicate Ltd. Receives GST Order and Plans Appeal Shervani Industrial Syndicate Ltd. announced today, March 25, 2026, that it received an order from the Assistant Commissioner, CGST & Central Excise Division-II, Allahabad. The order, reference number ZD0903261671574, was issued on March 24, 2026, and pertains to a demand of Rs. 1,33,96,340, along with interest and penalties under sections 74 and 50 of the CGST Act, 2017, and corresponding provisions of the U.P. GST Act, 2017.The order relates to the alleged non-payment of Goods and Services Tax under reverse charge on the purchase of FAR from the Prayagraj Development Authority for the fiscal years 2019-20, 2020-21, 2021-22, and 2022-23.According to the company...

Stylam Industries Ltd. Board Approves Shareholder Votes, Articles Alteration, and Committee Formation Stylam Industries Ltd. announced on March 25, 2026, that its Board of Directors approved several key resolutions during a meeting held that day.Shareholders will vote via remote e-voting on matters including the alteration of the company’s Articles of Association. Sanjiv Kumar Goel, a Practicing Company Secretary, has been appointed as Scrutinizer for the Postal Ballot process.The alteration involves amending Article 85 of the Articles of Association to facilitate the appointment of nominee directors under a Shareholder’s Agreement. The revised article stipulates that the number of directors will be between 3 and 15.The Board...

WeWork India Invests ₹31 Crore to Expand Bengaluru Presence with New Center at Embassy Vertex National, March 25, 2026 – WeWork India Management Limited, a leading premium flexible workspace operator in India, announced today the signing of a 10-year lease to expand its Bengaluru portfolio with a new center at Embassy Vertex, on Residency Road.The new center, spanning approximately 81,000 square feet across six floors, represents an investment of ₹31 crore. It is expected to open in Q1 FY27 and will offer over 1250 desks.Bengaluru's office market accounted for approximately 25% (15.1 million sq. ft.) of total leasing between January and September 2025. The city has captured nearly 40% of GCC leasing in Q1 2025, the highest among all...

Infosys Finacle to Power Digital Transformation for Producers Savings Bank Corporation in the Philippines Bengaluru, India and Manila, Philippines – March 25, 2026: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), announced an agreement with Producers Savings Bank Corporation, a leading bank in the Philippines, to modernize its technology landscape. The bank will upgrade to the latest version of the Finacle Core Banking Solution and implement the Finacle Origination Solution to expand its lending business for small and medium enterprises (SMEs) and retail customers.The upgrade aims to strengthen the bank's digital foundation, enhance operational resilience, and unlock...

IndiGrid Completes Acquisition of Gujarat BESS Private Limited for Approximately INR 573 Crores IndiGrid Infrastructure Trust has finalized the acquisition of securities from British International Investment PLC ('BII') and Norfund via KNI India AS ('Norfund') concerning Gujarat BESS Private Limited. The transaction, completed on March 25, 2026, carries an enterprise value of approximately INR 573 crores, subject to adjustments outlined in the definitive agreements.The Gujarat BESS Private Limited project operates under a Build Own Operate ('BOO') model and is expected to generate annual revenues exceeding INR 97 crores. The concession tenure for the project is set at 12 years.Source:

Cosmic CRF Ltd. Receives Order from Supreme Court of India Regarding Ongoing Litigation Cosmic CRF Limited announced on March 25, 2026, that the Hon’ble Supreme Court of India has issued an order regarding the ongoing litigation involving the company before the National Company Law Appellate Tribunal (NCLAT) in New Delhi. The case, titled Cosmic CRF Limited vs. Myotic Trading Private Limited & Ors. (Civil Appeal Diary No. 15468/2026), pertains to a matter initially addressed by the NCLAT on October 10, 2025.The Supreme Court’s order, dated March 23, 2026, condoned the delay in filing an appeal and admitted the matter. The court also issued notice to the respondents and permitted Dasti Service. Furthermore, the order stipulates that...

Time Technoplast Ltd. Completes Key Expansion Projects in Q4 FY26 Time Technoplast Ltd. announced the successful completion of several greenfield and brownfield expansion projects during the fourth quarter of fiscal year 2026 in India. The company reported that trial production has commenced at these facilities, aligning with previously stated timelines.Greenfield Project for Composite Products Manufacturing A new greenfield project for manufacturing composite products for the gas distribution and automotive sectors, including CNG and hydrogen standalone cylinders and cascades, has been commissioned in Morai, near Vapi, Gujarat. Phase I includes 600 cascades with a capacity of 36,000 cylinders. Phase II will consolidate an existing...

Gujarat Alkalies and Chemicals Limited Responds to Share Price Movement Gujarat Alkalies and Chemicals Limited announced on March 25, 2026, that it has made all necessary disclosures in accordance with applicable SEBI regulations regarding recent share price movement. The company acknowledged that a promoter recently purchased shares from the open market and that the required disclosures were submitted to the stock exchanges.According to the company's management, as of the current date, there are no further announcements to share with the stock exchanges that would impact the price or volume behavior of its scrip. The movement in the company’s share price is attributed to market-driven factors.Jara Alkalies and Chemicals Limited is...

STL Launches India's First Hollow Core Fibre Cable for Data Centre Networks Mumbai, March 25, 2026 – Sterlite Technologies Ltd [NSE: STLTECH] announced a breakthrough in optical communication with the launch of India's first Hollow Core Fibre (HCF) cable. This innovation is designed to meet the low-latency and high-bandwidth requirements of modern Data Centres, Hyperscalers, and High-Frequency transmission networks.As the first company in India to develop and manufacture HCF technology, STL reinforces its position as a global deep-tech leader. Unlike traditional optical fibres that utilize a solid glass core, STL’s HCF cable guides light through an air-filled core, enabling signals to travel approximately 46% faster and reducing...

Global Infratech & Finance Ltd. Confirms Non-Applicability of Certificate for June 30, 2026 Global Infratech & Finance Ltd. announced today that it did not issue any Non-convertible securities and therefore, the schedule of payment of interest, dividend, or principal obligations is not applicable for the quarter ended June 30, 2026. This determination aligns with Regulation 57(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.The company also confirmed the absence of any outstanding interest, dividend, or principal obligations related to Non-convertible Securities.V S Amarnath, Managing Director, made the announcement.Source:

REC Limited Approves Market Borrowing Programme of ₹1,60,000 Crore REC Limited, a Government of India enterprise, announced on March 25, 2026, the approval of a Market Borrowing Programme totaling ₹1,60,000 crore for the financial year 2026-27. The decision was made at a board meeting held on the same day.The approved borrowing programme includes:Domestic Bonds/Debentures: An unspecified amount, encompassing various instruments like Infrastructure Bonds, Zero Coupon Bonds, ESG Bonds, and more, as permitted by regulatory authorities. Capital Gains Tax Exemption Bonds: ₹1,40,000 crore. Rupee Term Loans: An unspecified amount from banks, financial institutions, and other entities. External Commercial Borrowings (ECBs): An unspecified...

MAS Financial Services Limited Allots Debentures on Private Placement Basis MAS Financial Services Limited announced the allotment of 10,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures on a private placement basis. The total nominal value of the debentures is INR 100,00,00,000 (Indian Rupees One Hundred Crore).The debentures, each with a face value of INR 1,00,000 (Indian Rupees One Lakh), have been rated "CARE AA-/Stable" by CARE Ratings Limited. The deemed date of allotment was March 25, 2026, with a final redemption date of March 25, 2029, representing a tenure of 36 months. The interest rate is 8.60% per annum, with monthly interest payments beginning April 25, 2026.The...

Ujjivan Small Finance Bank to Participate in Investor Meet with Cusana Capital Ujjivan Small Finance Bank Ltd. announced an upcoming virtual investor meet with Cusana Capital scheduled for March 26, 2026. The meeting will be held virtually from Bangalore and is scheduled to run from 3:30 PM to 4:30 PM.The company confirmed that no unpublished price-sensitive information will be shared during the meeting. The meeting was finalized with short notice. Any changes to the schedule may occur due to unforeseen circumstances.Further details are available on the bank's website at www.ujjivansfb.bank.in.Source:

Kiran Thummalapalli Increases Stake in Mudunuru Limited Through Open Market Purchases Mudunuru Limited announced that Kiran Thummalapalli, an acquirer and Executive Director, increased his stake in the company through open market purchases between February 26, 2026, and March 23, 2026. The acquisition, made on the BSE Limited, involved 36,115 equity shares.Prior to the acquisition, Thummalapalli held 21,40,781 shares, representing 6.54% of the total share/voting capital and 6.54% of the diluted share/voting capital of Mudunuru Limited. Following the purchase, his holding increased to 21,76,896 shares, reflecting a 6.65% stake.Mudunuru Limited’s total equity share capital stands at Rs. 6,54,40,000, divided into 3,27,20,000 fully paid...

Galaxy Agrico Exports Ltd. Reports Substantial Acquisition of Shares Galaxy Agrico Exports Limited announced a substantial acquisition of shares on March 23, 2026, according to a filing with the Bombay Stock Exchange Limited. Chhaya Gaurang Shah acquired 4,36,500 shares through open market transactions.Prior to the acquisition, Chhaya Gaurang Shah held 8,07,960 shares, representing 4.62% of the total share and voting capital and 4.62% of the total diluted share and voting capital of Galaxy Agrico Exports Limited. Following the acquisition, Shah’s holding increased to 12,44,460 shares, constituting 7.11% of the total share and voting capital and 7.11% of the total diluted share and voting capital.The total equity share capital of...

C2C Advanced Systems Limited Enters Strategic Collaboration with Smart Tech ICT C2C Advanced Systems Limited announced a strategic collaboration with Smart Tech ICT Sdn. Bhd., Malaysia, focused on deploying Smart Infrastructure 4.0 solutions for surveillance and monitoring of critical infrastructure. The partnership will focus on underground electrical and data networks, and perimeter security systems across environments such as airports, ports, and large building clusters.The solution, based on C2C’s proprietary sensor systems integrated with AI/ML-driven analytics, aims to enable early detection of unauthorized access, identify rodent intrusion and environmental risks, provide early warning mechanisms for underground asset...

C2C Advanced Systems Limited Receives Order for WECDIS Systems from Hindustan Shipyard Limited C2C Advanced Systems Limited announced on March 25, 2026, that it has received an order from Hindustan Shipyard Limited (HSL) for the supply of Warship Electronic Chart Display and Information Systems (WECDIS) for Fleet Support Ships being constructed for the Indian Navy.The Fleet Support Ship programme is a logistics-focused initiative of the Indian Navy intended to enhance the operational endurance of naval task forces. These vessels provide support through replenishment of fuel, supply of food, water, and spares, and onboard maintenance support.WECDIS is a military-grade navigation and situational awareness system adapted from...

Sumuka Agro Industries Ltd. Completes Merger with Gujjubhai Foods Private Limited Sumuka Agro Industries Limited announced the completion of the merger with Gujjubhai Foods Private Limited, effective February 23, 2026, following approval from the National Company Law Tribunal (NCLT) Mumbai bench on February 4, 2026. The certified true copy of the NCLT Orders was received on February 16, 2026.As part of the merger, Sumuka Agro Industries Limited issued and allotted 1,38,13,666 fully paid-up equity shares of Rs. 10 each to the equity shareholders of Gujjubhai Foods Private Limited. This followed a share exchange ratio of 7 equity shares of Sumuka Agro Industries Limited for every 4 equity shares of Gujjubhai Foods Private Limited...

Saksoft Ltd Promoter Acquires Shares Through Open Market Noida – March 25, 2026 – Saksoft Limited announced that Mr. Aditya Krishna, a Promoter of the company, has acquired shares through open market transactions. The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Mr. Krishna’s acquisition occurred on March 13, 2026, and March 17, 2026, involving a total of 20,000 shares. This transaction increased his holding to 2,78,33,000 shares, representing 21% of the company’s total share/voting capital.Prior to the acquisition, Mr. Krishna held 2,78,13,000 shares, representing 20.98% of the company’s total share/voting capital.The equity share...

Quantam Strategic Advisors LLP Acquires 6.57% Stake in SJ Corporation Ltd SJ Corporation Ltd announced that Quantam Strategic Advisors LLP has acquired 28,50,000 equity shares, representing 6.57%, on a preferential basis. The acquisition occurred on March 20, 2026.According to a filing with the BSE Limited, Quantam Strategic Advisors LLP had no prior holdings in the company. Following the acquisition, Quantam Strategic Advisors LLP now holds 28,50,000 shares, equivalent to 6.57% of SJ Corporation Ltd’s equity.SJ Corporation Ltd’s equity share capital prior to the acquisition was Rs. 83,55,000, divided into 83,55,000 equity shares of Re. 1 each. Post-acquisition, the equity share capital stands at Rs. 4,33,55,000, divided into...