Markets

General Insurance Corporation of India Announces Departure of Independent Director Mumbai – General Insurance Corporation of India (GIC) announced on March 23, 2026, the completion of Ms. Vinita Kumari's term as an Independent Director on the company’s board. Consequently, Ms. Kumari ceased to serve as an Independent Director effective at the close of business hours on March 23, 2026.The company expressed appreciation for Ms. Kumari’s contributions and guidance during her tenure. GIC’s stock is listed on the BSE under the code 540755 and on the NSE as GICRE.Source:

Suzlon Energy Limited Faces Penalty of Rs. 25 Lacs from Enforcement Directorate Suzlon Energy Limited announced that the Office of the Deputy Director, Enforcement Directorate, Mumbai Zonal Office II, has levied a penalty of Rs. 25,00,000 (Rupees Twenty Five Lacs Only) on the company.The penalty relates to a procedural matter concerning a bonafide transaction that was previously reported to the Reserve Bank of India. The action is linked to a contravention of Section 7 of FEMA, 1999, read with regulation 15 of Foreign Exchange Management (Export of Goods and Services) Regulations, 2000. This involves failure to export goods against a long-term export advance and non-receipt of approval from the Reserve Bank of India for the set-off of...

Manoj Vaibhav Gems N Jewellers Limited Approves Franchise Agreement with M/s. Gontla Trading LLP Manoj Vaibhav Gems N Jewellers Limited announced March 23, 2026, that its Audit Committee and Board of Directors have approved a franchise agreement with M/s. Gontla Trading LLP. The agreement will facilitate the operation of new jewelry stores in Ramnagar and Gajuwaka, Visakhapatnam.The Board authorized the execution of the franchise agreement and any related addendums. The opening dates for the new stores will be communicated to the stock exchanges as they are scheduled.The Designated Partners of M/s. Gontla Trading LLP, Mr. Udaya Kumar Gontla and Mrs. Gontla Shireesha, are relatives of Mr. Rakhal Gontla, Joint Managing Director, and...

Coal India Gets In-Principle Approval for South Eastern Coalfields Limited Divestment Kolkata – Coal India Limited (CIL) announced on March 23, 2026, that its Board has granted in-principle approval for the divestment of South Eastern Coalfields Limited (SECL). The plan involves an Offer for Sale (OFS) of up to 25% of the equity shares held by CIL in SECL. Simultaneously, SECL will issue fresh equity shares aggregating up to 10% of its post-issue paid-up equity share capital.The divestment strategy will be executed through an Initial Public Offer (IPO) and/or other permissible market routes within the domestic market, adhering to the SEBI (ICDR) Regulations, 2018, and the Securities Contracts (Regulation) Rules, 1957.Previously, on...

Signatureglobal Extends Long Stop Date for Asset Sale Signatureglobal (India) Limited announced a mutual extension to the long stop date for the sale and disposal of assets, as outlined in a Securities Subscription and Purchase Agreement. The agreement, initially executed on February 14, 2026, involved the company, its wholly-owned subsidiary Gurugram Commercity Limited (GCL), and Millennia Realtors Private Limited (RMZ).The initial long stop date, set for March 23, 2026, has been extended to March 31, 2026, according to a filing. The original agreement was first disclosed on February 14, 2026.Source:

Kriti Industries Shareholders Approve Memorandum and Articles Alterations Kriti Industries (India) Limited announced today, March 23, 2026, that shareholders have approved alterations to the company's Memorandum of Association (MOA) and Articles of Association (AOA). The resolutions were passed during an Extraordinary General Meeting held virtually on March 20, 2026, commencing at 10:30 A.M. and concluding at 10:46 A.M.Shareholders approved a special resolution to alter Clause III(B) of the MOA and subsequently adopted the revised MOA. A separate special resolution confirmed and approved alterations to the AOA, with the altered version also being adopted.Aditi Randhar, Company Secretary & Compliance Officer, confirmed the outcome...

Kriti Nutrients Limited Shareholders Approve Memorandum and Articles Alterations Kriti Nutrients Limited announced that shareholders approved resolutions to alter the company's Memorandum of Association and Articles of Association during an Extraordinary General Meeting held on March 20, 2026. The meeting, conducted via video conference and other audio-visual means, commenced at 12:00 P.M. and concluded at 12:19 P.M. PSP, IDA, Scheme No.78, Part II, Indore (M.P.) 452010 served as the deemed venue.Shareholders passed a special resolution to alter Clause III(B) of the Memorandum of Association and adopt the revised document. A separate special resolution confirmed and approved alterations to the Articles of Association, also with the...

Coal India Limited Approves Guarantee for Subsidiary CIL Rajasthan Akshay Urja Limited Kolkata – March 23, 2026 – Coal India Limited (CIL) announced that its Board of Directors has approved a guarantee for its subsidiary, CIL Rajasthan Akshay Urja Limited (CRAUL).The guarantee, issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is intended to support the funding of CRAUL’s 875 MW Solar PV Plant. The guarantee covers debt up to ₹3160 Crores.CRAUL is a joint venture company with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), with CIL holding a 74% equity stake and RRVUNL holding 26%. The transaction is considered to be at arm's length.The potential liability for CIL in...

Capri Global Capital Limited Receives Strong ESG Rating Capri Global Capital Limited announced it has received an overall Strong ESG Performance rating of 72 in a recent assessment by ESG Risk Assessments and Insights Limited (ESGRisk.ai). This score surpasses the industry average of 64.72, placing the company in the Leader category.According to ESG Risk Assessments and Insights Limited, the assessment was concluded on March 23, 2026, at 6:20 P.M. The company’s ESG performance was evaluated as Strong, reflecting its commitment to environmental, social, and governance practices.Source:

Coal India Approves Divestment of Up to 25% Stake in Mahanadi Coalfields Kolkata – Coal India Limited (CIL) announced on March 23, 2026, that its Board has granted in-principle approval for the divestment of up to 25% of its equity shares in Mahanadi Coalfields Limited (MCL), a wholly-owned subsidiary.The decision, reached during a board meeting on March 23, 2026, follows prior in-principle approval for the potential listing of MCL, initially communicated on December 23, 2025. The divestment will be executed through an Offer for Sale (OFS) in one or more tranches, utilizing options such as an Initial Public Offering (IPO) and other approved market avenues. The sales will adhere to the guidelines of the Securities and Exchange Board of...

Coal India Limited to Incorporate Intermediate Holding Company in Singapore Kolkata – March 23, 2026 – Coal India Limited announced that its Board of Directors approved a proposal to incorporate an Intermediate Holding Company (IHC) in Singapore.The move is intended to facilitate the exploration and development of overseas opportunities, specifically focusing on critical minerals asset acquisition. The IHC will also enable efficient management of overseas investments and provide structural flexibility for potential future acquisitions.Coal India Limited will hold a 100% equity stake in the Singapore-based IHC. The name and incorporation date of the IHC are yet to be finalized.The initiative required approvals from the Ministry of...

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...