Markets

SEPC Limited to Acquire Avenir International Engineers and Consultants LLC SEPC Limited announced on March 23, 2026, that its Board of Directors approved the acquisition of Avenir International Engineers and Consultants LLC, Abu Dhabi, subject to approval from lenders and shareholders.Avenir International Engineers and Consultants LLC, headquartered in Abu Dhabi, reported a turnover of AED 73,931,081, equivalent to INR 171.89 Crores, in 2024. The company specializes in Oil & Gas Engineering, including FEED (Front-End Engineering Design) and PMC (Project Management Consultancy), with a presence in the MENA region.The acquisition is expected to enable SEPC Limited to expand into the global Oil & Gas sector, strengthen its...

Crompton Greaves Consumer Electricals Receives Tax Order, Plans Appeal Crompton Greaves Consumer Electricals Ltd. announced today, March 23, 2026, that it has received an order from the office of the Assistance Commissioner of Central Tax in Vijaywada, Andhra Pradesh. The order pertains to the period of April 2019 to March 2020 and imposes a demand of INR 4,50,41,295. This includes INR 1,39,98,461 in tax, INR 1,70,44,373 in interest, and INR 1,39,98,461 in penalties.The company intends to appeal the order before the Commissioner (Appeals) and anticipates a favorable outcome. The demand was raised under section 74 of the GST Act, 2017, due to alleged excess Input Tax Credit (ITC) claimed in GSTR 3B compared to GSTR 2A for the specified...

Achyut Healthcare Ltd. Approves Preferential Allotment of Equity Shares Achyut Healthcare Ltd. announced on March 23, 2026, that its Board of Directors approved the allotment of 58,00,000 equity shares on a preferential basis to Promoter and Non-Promoter group shareholders. The shares are being issued at a premium of Rs.5 per equity share, with a face value of Re.1 per share.The company received a total consideration of ₹3,48,00,000 for the allotment of the 58,00,000 equity shares. The newly allotted shares will rank equally with existing shares regarding dividend payments and voting rights.The issued, subscribed, and paid-up capital of the company following the allotment is detailed below:ParticularsBefore AllotmentValue (Face...

Globe Civil Projects Ltd. Announces Trading Window Closure Globe Civil Projects Ltd. has announced the closure of its trading window for securities, effective Wednesday, April 1, 2026. This action is in accordance with the company’s Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, and in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.The trading window will remain closed until 48 hours after the announcement of the company’s audited financial results for the quarter and financial year ended March 31, 2026. During this period, designated persons and their immediate relatives are prohibited from trading in the company's securities.The date for the board meeting to approve the...

Nakoda Group of Industries Limited Enters Co-packing Agreement with Rudransh Beverages Private Limited Nagpur – March 23, 2026 – Nakoda Group of Industries Limited announced that its Board of Directors approved an agreement with Rudransh Beverages Private Limited for co-packing, manufacturing, and supply of packaged drinking water under the ‘NOCTRL’ brand. The Board meeting took place on March 23, 2026, at 06:00 P.M.Mr. Jayesh Choudhary (DIN: 02426233), Whole Time Director of the company, has been authorized to enter into the agreement.Details of the agreement are as follows:SNO.DESCRIPTIONDETAILS1Name of the entity with whom agreement is signedRudransh Beverages Private Limited2Area of agreementCo-packing, Manufacturing...

Aditya Consumer Marketing Ltd. Announces Trading Window Closure Aditya Consumer Marketing Ltd. announced a trading window closure for its designated persons and their immediate relatives, effective Wednesday, April 1, 2026. The closure will remain in effect for 48 hours following the conclusion of a Board of Directors meeting.The Board of Directors meeting is scheduled to consider and approve the Audited Financial Results for the half year and year ended March 31, 2026. The specific date of the meeting will be communicated separately.Hridaya Narayan Tiwari, Company Secretary, made the announcement. The company's scrip code on the BSE Limited is 540146.Source:

Ashoka Buildcon Limited Completes Redemption of Commercial Papers Ashoka Buildcon Limited announced the full redemption of its commercial papers totaling Rs. 50 crore on March 23, 2026. The redemption, including interest, was made on the scheduled due date.Interest payments amounted to Rs. 48.66 lakh for the ISIN INE442H14485 commercial papers. The interest payment record date was March 17, 2026.A summary of the commercial paper redemption details is presented below:Commercial Paper Redemption DetailsParticularsDetailsISININE442H14485Type of RedemptionFullReason for RedemptionMaturityQuantity Redeemed1,000Redemption Date23/03/2026Amount RedeemedRs. 50 CroreOutstanding AmountNilThe company secretary...

Knowledge Realty Trust Announces Trading Window Closure Knowledge Realty Trust has announced the closure of its trading window for trading in securities, effective from the opening hours of stock exchanges on Wednesday, March 25, 2026. This action is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Trust's code regarding unpublished price sensitive information.The trading window will remain closed until 48 hours after the announcement of the financial results for the quarter and financial year ended March 31, 2026. This restriction applies to designated persons and their immediate relatives.Further information will be available on the company’s website at www.knowledgerealtytrust.com.Akshay...

Esaar India Ltd. Holds Extra-Ordinary General Meeting Esaar (India) Ltd. (NSE: 531502) held an Extra-Ordinary General Meeting (EGM) on March 23, 2026, via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting commenced at 3:00 P.M. (IST) and concluded at 3:06 P.M. (IST).Mr. Bipin D Varma, Whole-time director, chaired the meeting. 91 Members participated through VC/OAVM.The following resolutions were put to vote by remote e-voting during the meeting:Sr. NoParticularsType of Resolution1.Increase in Authorised Share Capital of the Company.Ordinary Resolution2.Regularization Of Mr. Shivanshu Pandey (Din: 06916787) As Director Of The Company.Ordinary Resolution3.Re-Appointment Of Mr. Vaibhav Shastri (Din...

Sobhagya Mercantile Ltd. to Issue Convertible Warrants to Non-Promoters Mumbai – March 23, 2026 – Sobhagya Mercantile Ltd. announced that its Board of Directors approved the issuance of 13,01,000 convertible warrants to Non-Promoters on a preferential basis. The move aims to raise additional capital for the company.The warrants will be issued at a price of Rs. 674.49 each, with a face value of Rs. 10 and a premium of Rs. 664.49. This transaction is expected to generate Rs. 87,75,11,490 for the company. Allottees will be required to pay 25% of the warrant issue price at the time of allotment.The key details of the preferential allotment are as follows:ParticularsDisclosureType of SecuritiesConvertible WarrantsType of...

Suraj Industries Ltd. Completes Acquisition of Shares in Shri Gang Industries Suraj Industries Ltd. announced the completion of its acquisition of equity shares in Shri Gang Industries and Allied Products Limited ('Shri Gang') on March 23, 2026. The company acquired 105,000 equity shares from Mr. Vikas Gupta and an additional 35,000 equity shares from Mr. Ritesh Gupta.The acquisition of the 140,000 equity shares results in Suraj Industries Ltd.’s shareholding in Shri Gang increasing to 20.02% of its paid-up equity share capital. This update follows a prior notification issued on March 19, 2026.Source:

Balkrishna Industries Ltd. Approves Issuance of Non-Convertible Debentures Balkrishna Industries Ltd. announced that its Finance Committee of the Board of Directors has approved the issuance of INR 7,500,000,000 (Indian Rupees Seven Hundred Fifty Crore) in rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) on a private placement basis. The issuance will occur in three series to eligible investors.The debentures will be issued with a face value of INR 100,000 (Indian Rupees One Lakh) each. The debentures will be listed on the BSE Limited.The terms and conditions for each series are as follows:S. no.DetailSeries ISeries IISeries IIITenure of the instrument 3 (three) years4 (four) years5 (five) yearsDate...

Drone Destination Limited Forfeits Warrant Conversion Amounts Drone Destination Limited announced that it will forfeit amounts received from warrant holders who did not exercise their conversion options. The decision follows the expiration of an 18-month conversion period for 600,000 warrants.In September 2024, the company received in-principle approval and subsequently allotted 700,000 convertible warrants at a price of ₹ 187 per warrant, totaling ₹ 13,09,00,000. Each warrant provided holders the right to convert into one equity share with a premium of ₹ 177.As of March 20, 2026, 100,000 warrants were converted into equity shares from two allottees, generating ₹ 1,40,25,000. Subsequently, the remaining 600,000 warrants were not...

Shree Hari Chemicals Export Ltd. Invests in Subsidiary Shakambhari Dyechem Shree Hari Chemicals Export Ltd. announced an investment of 49,49,99,990 Indian rupees (approximately $593,750) in its wholly-owned subsidiary, Shakambhari Dyechem Private Limited (SDPL). The investment was made through a subscription to a rights issue of SDPL equity shares.As a result of the transaction, Shree Hari Chemicals Export Ltd. received an allotment of 49,49,999 fully paid-up equity shares, with a face value of 10 rupees each, on March 23, 2026. The investment is intended to fund SDPL’s capital expenditure requirements for a proposed expansion.Following the acquisition, Shree Hari Chemicals Export Ltd.'s shareholding in SDPL increased from 50,50,000...

Timex Group India Ltd. Receives Order from Tamil Nadu Tax Authority March 23, 2026 – Timex Group India Ltd. has received a demand order from the Office of the Assistant Commissioner (ST) Vadapalani, Chennai, related to the financial year April 1, 2019, to March 31, 2020. The order, issued March 22, 2026, stems from an alleged excess input tax credit availed in Goods and Services Tax (GST) returns.The demand order (Form DRC-07) indicates a discrepancy relating to excess input tax credit under Integrated State Duty (ISD) in Chennai for the specified financial year. The financial impact of the order, including interest and penalties, totals INR 8,845.The company has disclosed the details of the order. The impact on the company’s...

Godawari Power and Ispat Completes Amalgamation of Godawari Energy Limited Godawari Power and Ispat Limited (GPIL) announced the completion of the scheme of amalgamation with its wholly-owned subsidiary, Godawari Energy Limited (GEL), effective March 23, 2026. The amalgamation was sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Cuttack Bench, on March 12, 2026, and subsequently filed with the Registrar of Companies. The Appointed Date for the amalgamation is April 1, 2025.A Corrigendum Order was issued by the NCLT on March 11, 2026, to rectify typographical corrections in the earlier order of March 10, 2026.The scheme of amalgamation was previously intimated on August 5, 2025, August 30, 2025, October 16, 2025...

Solar Industries India Limited Confirms Commercial Paper Redemption Solar Industries India Limited announced the successful redemption of a commercial paper on March 23, 2026. The company fulfilled its payment obligations for the commercial paper amounting to Rs. 100 Crores, issued to Kotak Mahindra Bank Limited on December 23, 2025.The commercial paper with ISIN INE343H14212 matured on March 23, 2026, and the full redemption amount of Rs. 100 Crores was paid on the due date.Below is a summary of the commercial paper details:ISINDue DateActual Date of PaymentINE343H1421223-03-202623-03-2026Source:

Anlon Technology Solutions Limited Board Approves Fundraise of Up to ₹50 Crores Anlon Technology Solutions Limited announced on March 23, 2026, that its Board of Directors has approved a plan to raise funds through the issuance of equity shares or other equity-linked instruments. The total amount approved is up to ₹50 Crores.The company may utilize various methods to raise the capital, including a private placement, Qualified Institutions Placement (QIP), further public issue of equity, or a combination of these options. The price and specific securities to be issued will be determined at a later stage.According to a disclosure, the board may issue securities for an aggregate amount not exceeding ₹50 Crores or an equivalent amount...

Medplus Subsidiary Receives Drug License Suspension Order Medplus Health Services Limited announced that Optival Health Solutions Private Limited, a subsidiary, has received a suspension order for a Drug License affecting one of its stores. The order, issued on March 21, 2026, pertains to a store located on Guthal Road in Mandya, Karnataka.The Assistant Director, Drugs Control Administration, Mandya Circle-Mandya Karnataka, issued the order, suspending the Drug License for a period of three days. The suspension is based on a violation of Rule 65 of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945.Medplus estimates the potential revenue loss associated with the suspension to be Rs 0.37 lacs.Further details are...

Panorama Studios International Ltd. Subsidiary Secures Airborne Rights for Two Films Panorama Studios International Ltd. announced on March 23, 2026, that its subsidiary, Panorama Studios Inflight LLP, has entered into an Assignment Agreement with Indywood Distribution Network. The agreement grants exclusive worldwide rights, including in India, to exploit the airborne rights for the films "Apoorva Puthranmar" and "Parannu Parannu Parannu Chellan.""Apoorva Puthranmar" stars Ashokan, Alencier Ley Lopez, Payal Radhakrishna, and Vishnu Unnikrishnan, and is directed by Rejith RL, Sreejith Vijayan. "Parannu Parannu Parannu Chellan" features Sajin Cherukayil, Sreeja Das, and Sreenath Babu, and is directed by Jishnu Harindra Varma.Yatin...