Markets

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...

Cosmic CRF Limited Receives Orders Valued at ₹3,254.05 Lakhs from Indian Railways Cosmic CRF Limited announced the receipt of purchase orders totaling ₹3,254.05 Lakhs from various Indian Railway divisions.The orders, received on March 24, 2026, include contracts from Northern Railway, Southern Railway, North Central Railway, and Eastern Railway.A breakdown of the order values is presented below:ParticularsGross Order Value (Inclusive of GST) Rs. in LakhsAnnexure No.Order from Indian Railways- Northern Railway1178.77AOrder from Indian Railways- Southern Railway574.19BOrder from Indian Railways- Northern Railway456.37COrder from Indian Railways- Southern Railway286.10DOrder from Indian Railways- Northern...

HCL Technologies Schedules Board Meeting to Review FY26 Results and Consider Interim Dividend HCL Technologies Ltd. announced that a meeting of its Board of Directors will be held on April 20 and 21, 2026, to discuss several matters, including the audited financial results for the fiscal year ending March 31, 2026.The Board will also consider the payment of an interim dividend for the financial year 2026-27. The financial results and dividend consideration will be specifically addressed during the April 21, 2026 meeting.The company’s stock trades on the Bombay Stock Exchange (BSE) under scrip code 532281 and on the National Stock Exchange of India Limited (NSE) under code HCLTECH.Source:

Radhika Poddar Acquires 4,800 Shares in Sellowrap Industries Limited Sellowrap Industries Limited announced that Radhika Poddar, a member of the Promoter Group, acquired 4,800 equity shares in the company on March 24, 2026. The acquisition occurred in the open market, representing 0.034% of the company’s outstanding shareholding.The total value of the acquired shares amounted to Rs. 3,31,200, with each share acquired at a price of Rs. 69.AcquirerCategoryShares AcquiredValue of Shares AcquiredRadhika PoddarPromoter Group4,800Rs. 3,31,200/-Source:

Fenton Investments Private Limited Cancels Proposed Share Transfer in Ester Industries Limited Fenton Investments Private Limited has announced the cancellation of a proposed transfer of shares within the promoter group of Ester Industries Limited. The decision, communicated on March 24, 2026, concerns the previously announced acquisition of 84,000 equity shares from Mr. Ayush Vardhan Singhania, also a member of the promoter group.The initially planned transfer, disclosed on March 18, 2026, under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, is now cancelled due to unforeseen circumstances. These shares represent 0.08% of the company’s voting rights.Fenton Investments Private...

Ashika Credit Capital Ltd. Acquires Preference Shares in Subsidiary Ashika Credit Capital Limited announced today, March 24, 2026, that it has acquired 20,00,000 Optionally Convertible Redeemable Preference Shares (OCRPS) of Rs. 10 each in Ashika Private Equity Advisors Private Limited, a subsidiary of the company. The total consideration for the acquisition was Rs. 2,00,00,000.Ashika Private Equity Advisors Private Limited (APEAPL), incorporated on April 7, 2017, operates in the finance industry as an Alternative Investment Fund (AIF). It is registered with the Securities and Exchange Board of India (SEBI) as a Category II AIF with registration number IN/AIF2/25-26/1927. APEAPL's turnover for the financial years 2022-23, 2023-24, and...

Sun Retail Ltd. Appoints Additional Director and Reconstitutes Committees Sun Retail Ltd. announced the appointment of Rajesh Chinubhai Sutaria as an Additional Non-Executive Non-Independent Director, effective March 24, 2026, pending shareholder approval. The decision, recommended by the Nomination and Remuneration Committee, was made during a Board meeting held on March 24, 2026.Following the change in Board composition, Sun Retail Ltd. has also reconstituted its key committees, effective March 21, 2026.Audit Committee:NameDesignationMrs. Nisha ParmarChairpersonMr. Rajesh Chinubhai SutariaMemberMr. Rajat Raja KothariMemberNomination and Remuneration Committee:NameDesignationMrs. Nisha ParmarChairperson...

Larsen & Toubro Amalgamates Subsidiaries, Effective March 24, 2026 Larsen & Toubro Ltd. announced the amalgamation of SiliConch Systems Private Limited (SSPL) with L&T Semiconductor Technologies Limited, a wholly-owned subsidiary, effective March 24, 2026. The amalgamation was approved by the Regional Director, Western Region, Ministry of Corporate Affairs, on March 13, 2026. The Appointed Date for the scheme is August 10, 2025.SSPL was a wholly-owned subsidiary of L&T Semiconductor Technologies Limited and a step-down subsidiary of Larsen & Toubro Ltd. Following the amalgamation, SSPL has ceased to be a step-down subsidiary of the company. The certified copy of the order approving the amalgamation has been filed with the Registrar of...

Bharat Petroleum Corporation Limited Commissions 2G Bioethanol Refinery in Bargarh Bharat Petroleum Corporation Limited (BPCL) has successfully commissioned its Second-Generation (2G) Bioethanol Refinery at Bargarh, according to a social media announcement. The facility utilizes rice straw as a feedstock, producing 100 kiloliters per day of fuel-grade bioethanol through advanced lignocellulosic technology, pretreatment, and fermentation processes.The plant is designed as a Zero Liquid Discharge (ZLD) facility, emphasizing efficient resource use and environmental stewardship. This development supports India's E20 Ethanol Blending Programme and National Biofuels Policy, contributing to emissions reduction and promoting a circular...

Osel Devices Limited to Acquire 90.69% Stake in SFL Hearing Solutions Private Limited Osel Devices Limited announced on March 24, 2026, that its subsidiary, Osel Healthcare Private Limited, has entered into a Share Purchase Agreement to acquire 90.69% of the equity share capital of SFL Hearing Solutions Private Limited. The transaction is subject to fulfilling the terms and conditions outlined in the agreement.Upon completion, SFL Hearing Solutions Private Limited will become a subsidiary of Osel Healthcare Private Limited and a step-down subsidiary of Osel Devices Limited. The consideration for the acquisition is an amount of Rs. 30 Crore.The Share Purchase Agreement grants rights including board nomination rights, affirmative...

BPCL and Sembcorp JV (NeuEn Green Energy) Secures 10KTPA Green Hydrogen Contract from Numaligarh Refinery New Delhi, March 24, 2026: Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and a Maharatna PSU, announced that NeuEN Green Energy Pvt. Ltd. secured a contract to supply 10,000 tonnes per annum (10KTPA) of green hydrogen to Numaligarh Refinery Ltd. (NRL).NeuEN Green Energy Pvt. Ltd., a 50:50 joint venture between Bharat Petroleum Corporation Limited (BPCL) and Sembcorp Green Hydrogen India Private Limited, is focused on renewable energy and large-scale green hydrogen development. The project, which achieved a competitive rate, will develop a 10KTPA green hydrogen production facility at NRL’s refinery in...

The New India Assurance Faces Income Tax Assessment Order for AY 2023-24 The New India Assurance Company Ltd. announced that the Income Tax Department has issued an assessment order for Assessment Year 2023-24. The order, passed under section 143(3), details disallowances of certain expenses.The total amount of the assessment order is ₹9,37,08,470.According to a filing, the company intends to appeal the order through the National Faceless Appeal Centre (NFAC) or other legal avenues. The matter will be reflected as a contingent liability in the company’s financial statements.Details of the Assessment Order The following table summarizes key details of the assessment order:DescriptionAmount (₹)Assessment Order...

Metal Coatings India Ltd. Appoints Yash Khandelwal as Chief Growth Officer Metal Coatings India Ltd. announced the promotion of Yash Khandelwal to Chief Growth Officer, effective March 24, 2026. The decision, recommended by the Nomination and Remuneration Committee, was approved by the Board of Directors at a meeting held on March 24, 2026.Khandelwal's appointment is intended to leverage his experience in business growth, revenue generation, and market expansion. He holds a Bachelor of Technology degree from the Birla Institute of Technology and Science, Pilani.Key Details of Appointment:ParticularsDetailReason for AppointmentPromotion to Chief Growth OfficerDate of AppointmentMarch 24, 2026Brief ProfileDemonstrated...

Diensten Tech Limited Transfers Customer Contracts from Subsidiary Diensten Tech Limited announced on March 24, 2026, that its Board of Directors approved the transfer of certain customer contracts from its wholly-owned subsidiary, Ushta Te Consultancy Services LLP, to the company.The transaction, which is considered a related-party transaction at arm’s length, aims to consolidate business operations and enhance operational efficiency. According to company disclosures, the transaction covers substantially all customer contracts of Ushta Te Consultancy Services LLP. This transfer results in a significantly reduced operational footprint for the subsidiary.The transfer is being undertaken without consideration, and the size of the...

GV Films Ltd. Announces Board Meeting and Personnel Changes GV Films Ltd. announced that a meeting of its Board of Directors is scheduled for Friday, March 27, 2026, at 4:30 p.m. at the company's registered office in Mumbai.The board will consider and approve the resignation of Non-Executive Director Mr. Gunaseelan, whose Director Identification Number (DIN) is 08844406. Additionally, the board will consider and approve the appointment of Mr. Viswanathan Sridhar as the Company Secretary. The meeting may also address any other business with the board's permission.BALAGIRI VETHAGIRI, CEO & Managing Director with DIN 01735497, made the announcement. GV Films Limited’s script code is 523277 and its script ID is GVFILM. The company is...