Markets

Coal India Limited to Close Step-Down Subsidiary, MJSJ Coal Limited Kolkata – Coal India Limited (CIL) announced on March 23, 2026, that its board approved the closure of MJSJ Coal Limited, a step-down subsidiary of Mahanadi Coalfields Limited.The decision follows the cancellation of coal blocks by the Hon'ble Supreme Court, rendering the subsidiary not in operation.The closure is pending approval from the Ministry of Coal and DIPAM. A timeline for the closure was not specified beyond receiving the necessary approvals.According to details provided under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the closure does not involve a binding agreement for the sale of any unit or...

H.G. Infra Engineering Acquires Stake in Subsidiary for Business Expansion H.G. Infra Engineering Limited announced an investment of Rs. 48,52,00,000 in its wholly owned subsidiary, H.G. Banaskantha Bess Private Limited, through a rights issue. The acquisition was completed on March 23, 2026.H.G. Banaskantha Bess Private Limited, incorporated on December 3, 2024, is involved in battery energy storage systems. The company's authorized capital is Rs. 79,02,000, with a subscribed and paid-up share capital of Rs. 15,00,000. It reported nil turnover as of March 31, 2025.The investment, in the form of cash consideration, resulted in the acquisition of 6,40,200 equity shares at an issue price of Rs. 758 per share, including a face value of...

CESC Limited Subsidiary Incorporates New Company Focused on Renewable Power CESC Limited announced on March 23, 2026, that Purvah Green Power Private Limited, a subsidiary of CESC Limited, has incorporated a wholly-owned subsidiary named Purvah Poweredge Private Limited (CIN: U35100WB2026PTC287592).Purvah Poweredge Private Limited, incorporated on March 23, 2026, will explore opportunities in the renewable power sector. The subscribed and paid-up capital of Purvah Poweredge Private Limited is Rs. 1,00,000.CESC Limited holds an 87.99% stake in Purvah Green Power Private Limited. The incorporation of Purvah Poweredge Private Limited does not require governmental or regulatory approvals.ParticularsDetails1Name of the target...

Dr. Athiya Agarwal Reports Inter-se Transfer of Shares in Dr. Agarwal's Health Care Limited Dr. Athiya Agarwal has reported an inter-se transfer of shares within the promoter and promoter group of Dr. Agarwal's Health Care Limited, according to a filing on March 23, 2026. The transaction involved the acquisition of 14,41,568 shares, representing 0.455% of the company's total share capital, by Dr. Athiya Agarwal from Dr. Anosh Agarwal.The shares were transferred via a gift, an exemption allowed under Regulation 10(1)(a)(i) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transfer did not result in a change to the overall shareholding of the promoter and promoter...

Fractal Analytics Subsidiary, Senseforth AI Research, Sees Equity Reduction Following NCLT Order Fractal Analytics Limited announced a reduction in the equity share capital of its subsidiary, Senseforth AI Research Private Limited, effective March 23, 2026. The change follows a final order and rectified order from the Hon'ble National Company Law Tribunal (NCLT) in Mumbai, dated September 23, 2025.According to the NCLT order, Senseforth’s equity share capital was reduced from Rs. 26,27,88,470, comprising 2,62,78,847 fully paid-up equity shares of Rs. 10 each, to Rs. 2,62,88,270, comprising 26,28,827 fully paid-up equity shares of Rs. 10 each. This involved extinguishing a total of 2,36,50,020 fully paid-up equity shares of Rs. 10...

Welspun Enterprises Limited Grants Stock Options to Employees Welspun Enterprises Limited announced today, March 23, 2026, that its Board of Directors approved the grant of 600,000 stock options to eligible employees under the Welspun Enterprises Employee Benefit Scheme - 2022. The decision follows a recommendation from the Nomination & Remuneration Committee meeting held on March 21, 2026.The exercise price for the options is set at Rs. 462 per option. A vesting schedule stipulates that 25% of the options will vest each year over a four-year period, beginning from the first anniversary of the grant date. The exercise period for the options is one year from the date of the last vesting.The grant adheres to the SEBI (Share Based...

Aequs Limited Clarifies Employee Stock Option Plan Details Following Shareholder Feedback Aequs Limited announced on March 23, 2026, additional information regarding the ratification and amendment of its Aequs Employee Stock Option Plan 2025 (ESOP 2025) following feedback from proxy advisors. The clarification was provided in reference to a postal ballot notice previously issued on February 25, 2026.The company addressed concerns regarding the exercise price and vesting criteria outlined in the ESOP 2025. Aequs clarified that the exercise price for all grants under the plan will be the last traded price of equity shares of Aequs Limited on the recognized stock exchange with the highest trading volume on the day preceding the grant...

Piramal Finance Ltd. Receives Rating Upgrade from Moody’s Singapore, March 23, 2026 – Moody’s Ratings has affirmed Piramal Finance Limited’s (PFL) long-term corporate family rating (CFR) and senior secured debt rating at Ba3, and reaffirmed its (P)Ba3 senior secured medium-term note programme ratings. The rating agency has also changed PFL's rating outlook to positive from stable.The positive outlook reflects Moody's expectation that PFL’s asset quality and profitability will further improve over the next 12 months. The affirmation of the Ba3 ratings reflects the company's high capitalization and increasingly diversified portfolio mix, offset by its moderate profitability.PFL’s consolidated return on average assets improved to 1.4%...

JSW Infrastructure Ltd. Shareholders Approve Key Resolutions Through Postal Ballot JSW Infrastructure Ltd. announced that shareholders have approved resolutions related to the appointment of a director and the issuance of equity shares through a postal ballot process concluded on March 23, 2026. The remote e-voting concluded at 5:00 p.m. (IST) and was followed by a review of the results by a Scrutinizer.Shareholders approved the appointment of Mr. Kartick Maheshwari (DIN: 07969734) as a Non-Executive, Independent Director. They also approved the issuance of equity shares through permissible modes for raising funds.A total of 468,234 shareholders were on record as of February 13, 2026. The voting results, as detailed in the...

Fiberweb (India) Limited Promoter to Acquire Shares via Gift Fiberweb (India) Limited announced that Bhavesh Pravin Sheth, a Promoter of the company, intends to acquire 16,00,000 Equity shares. The acquisition will be made through a gift from another Promoter, Mr. Pravin V. Sheth.The proposed acquisition is exempt under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it’s an inter-se transfer of shares amongst qualifying persons. The acquisition is expected to be completed on or after April 1, 2026.The acquisition will result in Bhavesh Pravin Sheth holding 5.56% of the company’s share capital.The following table details the proposed acquisition:Name of TransferorName...

Persistent Systems Appoints Ruchi Kulhari as Executive Vice President and Chief of Staff Persistent Systems Limited announced the appointment of Ruchi Kulhari as Executive Vice President (EVP) and Chief of Staff, effective March 23, 2026.Kulhari joins the company as a Senior Management Personnel (SMP) bringing over 20 years of experience in the IT services industry. She previously served as Global CHRO at Unisys and held senior leadership roles at Coforge, EXL, and Infosys. Her expertise includes strategic human capital leadership, organizational design, talent management, and enterprise transformation.Background on Ruchi Kulhari:ParticularsDetailsReason for change viz. appointmentAppointment of SMPDate and term of...

V-Mart Retail Limited Director Acquires Shares V-Mart Retail Limited announced that Mr. Lalit Agarwal, Promoter and Director, purchased 69,120 equity shares of the company on March 20, 2026.According to a disclosure filed with the National Stock Exchange of India Limited and The BSE Ltd., the acquisition was made on the market.Prior to the acquisition, Mr. Agarwal held 9,41,288 shares, representing 1.18% of the company’s equity. Following the purchase, his holding increased to 10,10,408 shares, or 1.27%.The total value of the transaction was ₹3,48,71,731.Mr. Agarwal’s contact number is 9810064344.The company’s ISIN is INE665J01013.Name, PAN No. ,CIN/DIN, such persons as mentioned & address with contact nos.of...

JK Tyre Distributes Proceeds from Fractional Entitlement Sale JK Tyre & Industries Limited announced on March 23, 2026, that it has distributed proceeds from the sale of consolidated fractional entitlements to eligible shareholders of Cavendish Industries Ltd., following a scheme of amalgamation.The Scheme of Amalgamation of Cavendish Industries Ltd. with JK Tyre & Industries Limited and their respective shareholders was sanctioned by the Hon'ble National Company Law Tribunal, Jaipur Bench on November 20, 2025, and became effective on December 22, 2025, with a deemed appointed date of April 18, 2025. As part of the scheme, 1,42,69,484 equity shares of Rs. 2/- each were allotted to eligible equity shareholders of Cavendish Industries...

Sudarshan Colorants India Ltd. Receives Order from Tamil Nadu Tax Authority Sudarshan Colorants India Ltd. announced today, March 23, 2026, that it received a GST DRC-07 order from the Office of the Commercial Tax Officer, Jurisdiction: Chidambaram-I, Cuddalore, Tamil Nadu. The order pertains to the period from April 2024 to March 2025.The total amount of the order is Rs. 62,06,648, comprising Rs. 43,35,526 in tax, Rs. 11,52,419 in interest, and Rs. 7,18,703 in penalties.The company intends to appeal the order and anticipates no significant impact on its financial, operational, or other activities. Sudarshan Colorants India Ltd. believes it has a strong case regarding the points raised by the Tamil Nadu tax authority.Below is a...

IndiGo Appoints Aloke Singh as Chief Strategy Officer National, March 23, 2026 – InterGlobe Aviation (IndiGo) announced the appointment of Mr. Aloke Singh as Chief Strategy Officer, effective April 6, 2026. The appointment was approved by the Board of Directors at a meeting held on March 23, 2026.In his new role, Mr. Singh will lead the company's long-term strategic planning function and drive enterprise-wide transformation initiatives aimed at accelerating growth, enhancing operational efficiency, and strengthening competitive positioning. He will work closely with the leadership team to improve agility, elevate customer experience, and deliver shareholder value.Mr. Singh brings over three decades of aviation industry experience...

SBL Infratech Appoints Kinjal Alpeshbhai Solanki to Key Leadership Roles SBL Infratech Limited announced the appointment of Ms. Kinjal Alpeshbhai Solanki to two key leadership positions, effective March 23, 2026. The decisions were made at a Board of Directors meeting held on that date.Ms. Solanki was appointed as an Additional Executive Director and as Chief Financial Officer (CFO) and Key Managerial Personnel. The Board meeting commenced at 5:00 P.M. and concluded at 5:30 P.M.Ms. Kinjal Alpeshbhai Solanki holds a Bachelor of Arts (B.A.) degree. As Additional Executive Director, she brings over four years of experience in teaching and academic administration, demonstrating strong organizational and leadership skills. In her role as...

Electronics Mart India Ltd. Opens New Store in Delhi Electronics Mart India Ltd. commenced commercial operations of a new Multi-Brand Store on March 23, 2026, in Delhi. The store operates under the 'ELECTRONICS MART' brand.The new store is located at Shop No. 1 & 2, S-2, S-2/4, Ground Floor, Commercial Shopping Centre-1, Avantika, Sector-1, Rohini, Delhi-110085. The retail space covers an area of 3,200 square feet.Source:

The Phosphate Company Ltd. Announces Trading Window Closure Kolkata – The Phosphate Company Ltd. has announced the closure of its trading window for trading in the company's securities. This action is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended.The trading window will remain closed starting April 18, 2026, and will reopen 48 hours after the announcement of the company’s financial results for the quarter and year ended March 31, 2026.The date for the Board of Directors' meeting to approve the financial results will be communicated subsequently.The company is headquartered at Works 47, Ramkrishna Road, Rishra, Hooghly, and its registered and administrative office is located at 14...

Marg Techno Projects Limited Responds to Stock Price Movement Marg Techno Projects Limited (CIN: L69590GJ1993PLC019764) addressed inquiries regarding recent movements in the price of its securities. The company responded to a communication received from the BSE Limited on March 20, 2026, concerning the price fluctuations.According to the company, the observed price movement is attributed to general market conditions and is market-driven. Marg Techno Projects Limited affirmed its commitment to providing timely disclosures of price-sensitive information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.Akhil Nair, Managing Director (DIN: 07706503), provided the...

MPS Ltd. Appoints Deepti Singh as Chief People Officer MPS Ltd. announced the appointment of Deepti Singh as Chief People Officer and Senior Management Personnel, effective March 23, 2026.According to a company statement, Ms. Singh brings over 16 years of experience in human resources, previously serving as SVP, HR and Chief of Staff at Incedo Inc. Her prior experience includes pivotal roles at Flipkart and Target India.S.No.ParticularsDetails1Reason for changeAppointment of Ms. Deepti Singh as Chief People Officer and Senior Management Personnel.2Date of appointmentEffective from the commencement of business hours on March 23, 2026.4Disclosure of relationshipsNot Applicable. Ms. Deepti Singh is not related to any...