Markets

Nitco Limited Allots Equity Shares Following Warrants Conversion Nitco Limited announced the allotment of 1,14,00,000 (One Crore Fourteen Lakhs) equity shares on March 23, 2026, following the conversion of an equal number of convertible warrants. The allotment was approved by the Board of Directors and is subject to shareholder approval.The equity shares have a face value of Rs. 10 each and a premium of Rs. 82.25 per share, resulting in an issue price of Rs. 92.25 per share. The shares were allotted to Mr. Vivek Prannath Talwar, a promoter of the company, who had previously received 25% of the issue price per warrant as an initial subscription amount. The remaining 75% of the warrant issue price was received upon conversion.The...

GE Power India Limited Updates Contact Details for Key Managerial Personnel GE Power India Limited announced changes to the contact details of key managerial personnel (KMPs) responsible for determining the materiality of events and information, effective April 3, 2026. The updates are in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The KMPs and their contact information are as follows:Mr. Puneet Bhatla, Managing Director: Axis House, Plot No 1-14, Towers 5&6, Jaypee Wish Town, Sector 128, Noida, Uttar Pradesh - 201301. Email: in.investor-relations@ge.com. Phone: 0120-5011011. Mr. Aashish Ghai, Whole-time Director & CFO: Axis House, Plot No 1-14, Towers 5&6, Jaypee Wish Town...

IRFC Provides ₹12,842 Crore Refinancing for HURL New Delhi, March 23, 2026 – Indian Railway Finance Corporation Limited (IRFC), a Navratna CPSE under the Ministry of Railways, has signed a Rupee Term Loan agreement with Hindustan Urvarak and Rasayan Limited (HURL) for the refinancing of existing long-term debt up to ₹12,842 crore.According to Manoj Kumar Dubey, Chairman & Managing Director, IRFC, the transaction reflects a whole-of-government approach, providing cost-effective, long-term financing to strategically important sectors like fertilizers.The loan agreement, signed in New Delhi between Sunil Kumar Goel, Executive Director (Finance), IRFC, and Poonam Jeswani, Chief Financial Officer, HURL, is one of IRFC's largest...

GE Power India Limited Announces Resignation of Senior Management Personnel GE Power India Limited announced that Ms. Risha Yadav, a Senior Management Personnel, has resigned from her position, effective March 31, 2026. Ms. Yadav is pursuing another opportunity within the GE Vernova Group.According to a company statement released on March 23, 2026, the Board of Directors accepted Ms. Yadav’s resignation. She expressed gratitude for her time with the company and offered assistance during the transition period.Details of the Resignation:DetailInformationNameMs. Risha YadavReason for ResignationTo pursue another opportunity within GE Vernova GroupEffective DateClose of business hours of March 31, 2026Term of...

Syrma SGS Technology Limited Appoints Jayesh Nagindas Doshi as Whole Time Director Syrma SGS Technology Limited announced the appointment of Mr. Jayesh Nagindas Doshi as a Whole Time Director, effective April 1, 2026, for a period of five years. The decision was approved at a Board Meeting held on March 23, 2026, which commenced at 6:45 p.m. and concluded at 7:45 p.m. The appointment was recommended by the Nomination and Remuneration Committee and is subject to shareholder approval.Mr. Doshi, who currently serves as a Non-Executive Director since September 27, 2021, is a Chartered Accountant and Law graduate with approximately 37 years of experience. His background includes expertise in corporate and structured finance, mergers and...

KPIT Technologies Completes Stake Transfer in N-Dream Subsidiary KPIT Technologies Limited announced the completion of a transfer of a 26% stake in N-Dream to KPIT Technologies (UK) Limited, a wholly owned subsidiary. The move, finalized following a Board Meeting on January 29, 2026, results in KPIT UK holding a 90% stake in N-Dream, solidifying its position as a step-down subsidiary of KPIT India.The transfer aims to achieve parity and restructure within the KPIT group's organizational structure. KPIT's overall stake in N-Dream remains at 90%.N-Dream, a Switzerland-based company, operates as a Cloud-based Game Aggregation Platform. KPIT's investment in N-Dream is part of a strategy to support Automotive OEMs in enhancing driver and...

PhysicsWallah's Vishwas Diwas Demonstrates Deep Online Penetration in Bharat and Strong Student Response to 'Ask AI' New Delhi, March 23, 2026 (GLOBE NEWSWIRE) -- Education company PhysicsWallah Limited celebrated the fifth edition of its flagship event, Vishwas Diwas (VD), to kick off the new academic year. The company witnessed record viewership with over 3.4 million learners tuning in to watch the stream. Students from metros and emerging education hubs like Patna, Lucknow, Varanasi, Indore, Jaipur, Bhubaneswar, and Nagpur, alongside smaller towns like Begusarai, Bhopal, Ranchi, Darbhanga, Bhubaneswar, and Deoria engaged with the celebration.This scale of participation from Tier-2 and Tier-3 regions reflects PhysicsWallah's...

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...