Markets

Nuvoco Vistas Corp. Ltd. Executes Agreements Related to Series B CCDs Nuvoco Vistas Corporation Limited announced on March 20, 2026, that it executed securities subscription and debenture trustee agreements, along with an option agreement, in relation to Series B Compulsorily Convertible Debentures (CCDs). These agreements involve the company, its wholly-owned subsidiary Vadraj, the Debenture Trustee acting for the investors, and Niyogi Enterprise Private Limited.The proceeds from the issuance of the Series B CCDs will be used to repay amounts due to the company for financial assistance provided to Vadraj and to cover costs associated with the issuance.Key Details of the Option Agreement:ParticularsDetailsPartiesThe Company...

Alkem Laboratories Receives EU GMP Certificate for Daman Facility Alkem Laboratories Limited announced on March 21, 2026, that it has received a 'Certificate of GMP Compliance of a Manufacturer' from the Malta Medicines Authority for its manufacturing facility located in Daman, India. This follows a GMP inspection by the Malta Medicines Authority that occurred on December 9, 2025.The certificate is valid for three years from the date of inspection. The facility’s GMP compliance is crucial for continued operations and exports within the European Union. A copy of the certificate will be available on the company’s website.Source:

Glenmark Pharmaceuticals Launches GLIPIQ Ⓡ (Semaglutide) in India, Setting New Affordability Benchmark Mumbai, India, March 21, 2026: Glenmark Pharmaceuticals Ltd (Glenmark) announced the launch of GLIPIQ Ⓡ (semaglutide) in India for the management of Type 2 Diabetes Mellitus (T2DM). The launch aims to improve affordability and expand access to advanced diabetes treatment for patients.GLIPIQ Ⓡ is available in both vial and pre-filled pen formulations and has been approved by the Central Drugs Standard Control Organization (CDSCO) following a Phase III clinical study in India. The vial-based formulation, with dose-specific syringes, is intended to offer a more accessible and flexible approach to GLP-1 therapy and a cost-effective...

Waaree Energies Limited Announces Key Personnel for Materiality Determinations and Disclosures Waaree Energies Limited has announced the Key Managerial Personnel (KMP) authorized to determine the materiality of events and information, as well as those responsible for making disclosures to stock exchanges. The announcement, made on March 20, 2026, outlines the individuals designated under Regulation 30(5) of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.The individuals authorized to determine materiality include Mr. Hitesh Doshi, Chairman and Managing Director; Mr. Hitesh Mehta, Whole-time Director; Mr. Jignesh Rathod, Whole-time Director and CEO; and Mr. Abhishek...

Transworld Shipping Lines Limited Signs Agreement to Sell Vessel M.V. SSL Krishna Transworld Shipping Lines Limited (formerly known as Shreyas Shipping & Logistics Ltd) announced on March 20, 2026, that it has entered into a Memorandum of Agreement (MOA) to sell one vessel, M.V. SSL Krishna, to Avana Logistek Limited. The consideration for the sale is USD 11.90 million.Source:

Radhagobind Commercial Ltd. Holds Fifth Committee of Creditors Meeting Radhagobind Commercial Ltd. announced the schedule for its fifth Committee of Creditors (COC) meeting on March 21, 2026. The meeting, chaired by Resolution Professional Najeeb T P, took place on February 5, 2026, at 4:00 PM, both at Baithussalam, Balankinar, Kattampally Road, Near Indus Motors Maruthi Service Centre, Kannur 670011 Kerala and through video conferencing.The agenda for the meeting included a review of the Corporate Insolvency Resolution Process (CIRP) progress and actions taken by the Resolution Professional. Discussions focused on the receipt and evaluation of resolution plans, with plans received up to midnight on March 17, 2026, being considered...

Oberoi Realty Receives NCLT Extension for Hotel Horizon Acquisition Oberoi Realty Ltd. has received an extension from the National Company Law Tribunal (NCLT) for the payment of resolution money related to the acquisition of Hotel Horizon Private Limited (HHPL) under the Insolvency and Bankruptcy Code, 2016.The acquisition is being carried out through a consortium including Shree Naman Developers Private Limited and JM Financial Properties and Holdings Limited. The NCLT initially approved the resolution plan on January 29, 2026, which stipulated payment of Rs. 919.25 Crore to creditors, including an equity subscription of Rs. 1 Crore for 100% ownership of HHPL. The payment was initially due within 45 days of the NCLT approval date...

Fusion Finance Limited Announces Leadership Changes New Delhi, March 20, 2026 – Fusion Finance Limited announced leadership changes following a board meeting held on March 20, 2026.The company confirmed the resignation of Mr. Sanjay Mahajan from the position of Chief Information Officer, effective March 20, 2026. Mr. Mahajan cited health concerns as the reason for his departure.Fusion Finance Limited also announced the appointment of Mr. Susheel Kumar Menon as Chief Information Officer, effective March 20, 2026. Mr. Menon will also continue in his existing role as Chief Information Security Officer (CISO) on an interim basis. He joined the company as CISO on April 8, 2024.Brief Profile of Mr. Susheel Kumar Menon: Mr. Susheel Kumar...

Gautam Exim Ltd. Schedules Board Meeting, Proposes Share Sub-Division and Bonus Issue Gautam Exim Limited announced that a meeting of its Board of Directors is scheduled for March 28, 2026, at 4:00 P.M. at the company's registered office.Key agenda items for the meeting include:Approval for the sub-division/split of equity shares with a face value of Rs. 10 each. Consideration and approval of a bonus share issue for equity shareholders. Authorization for Directors Rajkumar Agrawal (DIN: 11129059) and Balasubramanian Raman (DIN: 00410443) to apply for ICEGATE Registration. Appointment of CS Varun Bhomia & Co. as the Secretarial Auditors of the company.The Board will also consider alterations to the Memorandum of Association and...

Thomas Cook (India) Limited Announces Demerger of Resorts and Resort Management Business into Sterling Holiday Resorts Limited Mumbai, March 20, 2026 – The Board of Thomas Cook (India) Limited (TCIL) has given in-principle approval to a proposal for the demerger of the company's Resorts and Resort Management business into Sterling Holiday Resorts Limited (SHRL), followed by a subsequent capital restructuring of TCIL. This action is intended to unlock value for TCIL shareholders and streamline the company's capital structure, potentially leading to improved Earnings Per Share. The demerger and restructuring are subject to NCLT and other regulatory approvals.TCIL operates 6 resorts directly under the brand name Nature Trails, located...

Bharti Airtel Limited Completes Conversion of Shares, Trading to Begin March 23 Bharti Airtel Limited announced the completion of the conversion process for a significant number of partly paid-up equity shares into fully paid-up equity shares. The conversion follows the receipt of the First and Final Call from the company.A total of 390,998,501 fully paid-up equity shares, initially held as partly paid-up with a face value of INR 5 each and a paid-up value of INR 1.25 per share, have been credited to the demat accounts of eligible shareholders.Trading of these newly converted shares will commence on Monday, March 23, 2026, on the National Stock Exchange of India Limited and BSE Limited, under the ISIN: INE397D01024.The company...

Samvardhana Motherson International Limited Announces Dissolution of Subsidiary March 20, 2026 – Samvardhana Motherson International Limited announced the dissolution of its indirect wholly-owned subsidiary, SMR Real Estate Deutschland B.V. & Co. KG ('SMR Real Estate'), based in Germany. The dissolution was confirmed by the Commercial Register on March 17, 2026, following an application submitted by SMR Real Estate.SMR Real Estate was not carrying out any business operations. As a result, the turnover or revenue or income and net worth contributions of SMR Real Estate were Nil during the last financial year.The dissolution does not involve any sale or disposal, and therefore details related to agreements, completion dates...

Aditya Kumar Halwasiya Acquires 800,000 Shares of Cupid Limited Cupid Limited, a manufacturer and exporter of male condoms, female condoms, water-based lubricants, and In Vitro Diagnostics (IVD) kits, announced that it received a disclosure from Mr. Aditya Kumar Halwasiya, a promoter and the Chairman and Managing Director of the company, regarding the acquisition of shares.According to the disclosure, Mr. Halwasiya acquired 800,000 equity shares in an open market transaction on March 20, 2026. This acquisition increased his holding to 442,445,475 shares, representing 32.90% of the total share/voting capital and 32.84% of the total diluted share/voting capital of Cupid Limited.Prior to the acquisition, Mr. Halwasiya held 441,645,475...

Setco Automotive Subsidiary Receives Consent for Investor IRR Waiver Setco Automotive Limited announced on March 20, 2026, that its material subsidiary, Setco Auto Systems Private Limited (SASPL), has secured consent for a waiver of accrued Investor Internal Rate of Return (IRR). The waiver, approved at a board meeting held on March 20, 2026, pertains to an IRR of 18% per annum, amounting to ₹75.50 crore for the Financial Year 2025-26.This waiver applies to Non-Convertible Debentures issued by SASPL under Debenture Trust Deeds dated August 31, 2021, and July 19, 2024. Vistra ITCL (India) Limited is acting as the Debenture Trustee.The approval and consent were obtained in accordance with the terms of the Debenture Trust Deeds and...

UGRO Capital Limited Allots Commercial Papers UGRO Capital Limited announced the allotment of commercial papers on March 20, 2026, according to a filing. The Investment and Borrowing Committee of the Board of Directors approved the issuance.The commercial papers are proposed to be listed and have a tenure of 90 days, with a redemption date of June 18, 2026. Each security has a face value of ₹5,00,000/- and was issued at a price of ₹4,89,145/-. The total issue value is ₹14,67,43,500/-.Details of the commercial paper issuance are presented below:Description of the SecurityCommercial PapersListed/UnlistedProposed to be listedAllotment Date20 th March 2026Redemption Date18 th June 2026Tenure of the security90 daysFace...

Asian Hotels (North) Limited Receives Approval for Listing of Preferentially Allotted Shares Asian Hotels (North) Limited received trading approval from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for 23,180,000 equity shares issued on a preferential basis. The shares, with a face value of Rs. 10 each, were issued at a premium of Rs. 320, bearing distinctive numbers from 49453230 to 72633229.Trading of these shares commenced on March 23, 2026, on both the BSE and NSE.According to the NSE, the lock-in period for these shares is up to March 30, 2027.A table detailing the security description, number of securities, and distinctive numbers is provided below:Sr. No.Security...

Thomas Cook (India) Limited Approves Loan Conversion, Appoints New Executives Thomas Cook (India) Limited announced several key decisions following a board meeting held on March 20, 2026. The company granted in-principal approval for the conversion of an inter-company loan to Thomas Cook Lanka (Private) Limited, a wholly-owned subsidiary, into Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS). The conversion will be executed in one or more tranches, with a subcommittee delegated authority for the process.Additionally, the board appointed Deepesh Varma as Chief Business Officer - Foreign Exchange, effective April 1, 2026. He will also serve as a Senior Management Personnel (SMP). Mr. Varma, who has been with the...

Park Medi World Limited Completes Acquisition of SVPD Healthcare Private Limited Park Medi World Limited announced the successful completion of its acquisition of SVPD Healthcare Private Limited on March 20, 2026. This acquisition marks a significant step in the company's ongoing efforts to acquire KP Institute of Medical Sciences in Agra.As previously disclosed on December 19, 2025, January 30, 2026, and February 26, 2026, Park Medi World Limited is acquiring KP Institute of Medical Sciences through the acquisition of 100% stake in K P S Wellness Private Limited and SVPD Healthcare Private Limited. The acquisition of 100% stake in K P S Wellness Private Limited was completed on January 30, 2026.With the completion of the...

Aditya Infotech Limited Announces Share Acquisition via Family Arrangement Aditya Infotech Limited announced on March 20, 2026, a proposed acquisition of shares pursuant to a private family arrangement among promoters and their immediate relatives. The transaction involves the transfer of 1,60,43,999 equity shares held by Aditya Khemka.The acquirers in this transaction are Aditya Khemka Business Family Trust, Mr. Ananmay Khemka, Mr. Advay Khemka, and Ms. Shradha Khemka. The Aditya Khemka Business Family Trust will acquire 97,18,242 shares, while Mr. Ananmay Khemka will acquire 4,35,853 shares, Mr. Advay Khemka will acquire 11,77,981 shares, and Ms. Shradha Khemka will acquire 47,11,923 shares.The total acquisition represents 13.62%...

Cholamandalam Investment and Finance Company Limited Allots Secured Non-Convertible Securities Cholamandalam Investment and Finance Company Limited announced the allotment of secured non-convertible securities through a private placement on the NSE EBP platform. The company issued 200,000 securities with an aggregate amount of 2000 crore, including a green shoe option of 1000 crore.The securities, listed on the Wholesale Debt Market Segment of the National Stock Exchange, carry a coupon rate of 7.94% and a tenure of 3 years, maturing on March 20, 2029. Coupon payments will be made annually on March 20 and on the maturity date. The securities are secured at 1x.ParticularsValueType of SecuritySecured Non-Convertible Securities...