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Aurobindo Pharma’s Subsidiary Facility Classified as Voluntary Action Indicated by US FDA Aurobindo Pharma Limited announced on March 20, 2026, that Unit-V of Apitoria Pharma Private Limited, a wholly-owned subsidiary, has been classified as ‘Voluntary Action Indicated’ (VAI) by the United States Food and Drug Administration (US FDA).The US FDA inspected the API manufacturing facility, located in Pashamylaram Village, Patancheru Mandal, Sangareddy District, Telangana, from December 1 to December 12, 2025. Following the inspection, a ‘Form 483’ was issued, noting three observations.The Establishment Inspection Report (EIR) has now classified the facility as VAI, marking the inspection as closed.Source:

Anupam Finserv Ltd. Approves Grant of 8 Million Employee Stock Options Anupam Finserv Limited announced on March 20, 2026, that its Nomination and Remuneration Committee has approved the grant of 8,000,000 Employee Stock Options (ESOPs) to eligible employees. The decision was made through a resolution passed by circulation on March 19, 2026.The ESOPs are being granted under the Anupam Finserv Employee Stock Option Plan 2025. The exercise price per option is set at INR 1.90. Options will vest over a period of one to five years, contingent upon the fulfillment of specific non-market company performance conditions.Below is a summary of the ESOP grant:SchemeTotal OptionsExercise Price per OptionVesting PeriodAnupam Finserv...

Somany Ceramics Ltd. Announces Share Acquisition by Shrivatsa Somany Somany Ceramics Limited announced that Shrivatsa Somany has acquired shares in the company, as disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was made on March 18, 2026.Shrivatsa Somany, a promoter of Somany Ceramics Limited, currently holds 1,20,527 shares, representing 0.29% of the company's total share/voting capital. Prior to the acquisition, his holding was 1,19,887 shares, or 0.29%. The acquisition involved the purchase of 640 shares through open market purchase inter-se transfer.Somany Ceramics Limited's total equity share capital is INR 8,20,25,612, divided into 4,10,12,806...

Southern Petrochemical Industries Corporation Limited Resumes Production at Tuticorin Plant Southern Petrochemical Industries Corporation Limited (SPIC) announced the resumption of production at its Tuticorin plant. Operations restarted at 22:00 Hrs on March 19, 2026, following the completion of scheduled maintenance activities. The company previously indicated a planned maintenance period in a letter dated March 3, 2026. SPIC's stock symbol is SPIC.Source:

Xduce Technologies Discloses Acquisition of Dev Information Technology Shares Xduce Technologies Private Limited has disclosed the acquisition of shares in Dev Information Technology Limited, according to a filing on March 19, 2026. The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Xduce Technologies Private Limited acquired 30,806 shares from the open market. Prior to the acquisition, Xduce Technologies held 13,319,372 shares, representing 23.64% of Dev Information Technology’s share capital. Following the acquisition, Xduce Technologies now holds 13,350,178 shares, representing 23.69% of the company’s share capital.Dev Information Technology...

Natco Pharma Launches Affordable Semaglutide Generic Injection in India Hyderabad, India, March 20, 2026 – Natco Pharma Limited (BSE: 524816 and NSE: NATCOPHARM) announced the launch of Semaglutide Injection (multi dose vials) in the Indian market, coinciding with the patent expiry.The company received approval from the Central Drugs Standard Control Organisation (CDSCO) in February 2026 to manufacture and market generic Semaglutide in India. Semaglutide is indicated for the treatment of adults with insufficiently controlled type 2 diabetes mellitus as an adjunct to diet and exercise.Natco Pharma plans to launch Semaglutide injection in multi dose vials of strengths 2mg/1.5ml, 4mg/3ml, and 8mg/3ml under the brand names SEMANAT™ and...

Mehul Colours Ltd. Promoter Acquires Shares in Open Market Mehul Colours Ltd. announced that it received a disclosure on March 18, 2026, regarding a share purchase by Promoter and Managing Director Mehul Pravinchandra Joshi, as per Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Mr. Joshi acquired 241,600 equity shares through open market transactions. This acquisition increased his total holding, along with persons acting in concert, from 73,04,036 shares, representing 69.24% of the total share/voting capital and diluted share/voting capital, to 75,45,636 shares, representing 71.53% of the total share/voting capital and diluted share/voting capital...

Jana Small Finance Bank Limited Appoints Malini B Mallikarjun as Additional Director Jana Small Finance Bank Limited announced the appointment of Mrs. Malini B Mallikarjun as an Additional Director (Independent Director) effective March 20, 2026.Mrs. Mallikarjun’s appointment is for a term of five years. She brings over 30 years of experience as a tax advisor, in-house counsel, and leader in philanthropic foundations. Currently, she leads BhuSampada at the National Institute of Advanced Studies (NIAS), focusing on land governance and climate mitigation.Previously, Mrs. Mallikarjun held leadership positions at BMR Advisors, Ernst & Young, and the Piramal Foundation. She holds an alumni status from the National Law School of India...

Jana Small Finance Bank Appoints Malini B Mallikarjun as Additional Director Jana Small Finance Bank Ltd. announced the appointment of Mrs. Malini B Mallikarjun as an Additional Director (Independent Director), effective March 20, 2026.Mrs. Mallikarjun’s appointment is for a term of five years. She brings extensive experience as a lawyer and tax advisor, with over 30 years of experience in roles including Partner at BMR Advisors, Director at Ernst & Young, and Senior Leader at the Piramal Foundation. She currently leads BhuSampada at the National Institute of Advanced Studies (NIAS).According to the company, Mrs. Mallikarjun is not related to any existing directors and is not debarred from holding a director position by any...

Organic Recycling Systems Ltd. Enters Strategic Partnership with ITEL Foundation to Accelerate Bio-Energy R&D Navi Mumbai, March 20, 2026 – Organic Recycling Systems Limited (ORSL), a cleantech and decarbonization solutions company, announced a strategic Memorandum of Understanding (MoU) with the Immersive Technology and Entrepreneurship Labs Foundation (ITEL) in Chennai. The collaboration aims to drive research, innovation, and capacity-building initiatives in bio-energy, waste management, and green technologies.The MoU will facilitate joint R&D programs, consultancy projects, training initiatives, and funding proposals, including those from BIRAC and DST. ORSL will provide access to its Research & Innovation Centre (RIC) in Navi...

VA Tech Wabag Secures EIB-Funded Wastewater Treatment Plant Project in Georgia Chennai, March 20, 2026 : VA TECH WABAG ('WABAG') has been awarded a consortium contract from United Water Supply Company of Georgia LLC ('UWSCG') for the construction of a 19 Million Litres Per Day (MLD) Wastewater Treatment Plant ('WWTP') in Georgia. The project, funded by the European Investment Bank ('EIB'), will develop a state-of-the-art wastewater and sludge treatment facility at Kutaisi. The WWTP is designed for future expansion up to a capacity of 56 MLD.WABAG, as the Consortium Leader, will undertake design, engineering, supply, installation, and commissioning of the treatment systems, along with training of client personnel and supervision of...

NMDC Steel Limited Appoints Krishna Kumar Thakur as Director (Personnel) NMDC Steel Limited announced the appointment of Shri Krishna Kumar Thakur as Director (Personnel) to its Board, effective March 19, 2026. The appointment follows an order from the Ministry of Steel (MoS), Government of India, dated March 17, 2026, and an earlier order dated March 20, 2023. Thakur’s tenure is for a period of five years or until further orders. His Director Identification Number (DIN) is 10172666.Shri Thakur, aged 52, previously served as Director (Human Resources) at Bharat Heavy Electricals Limited (BHEL) from July 4, 2023. He is a 1998 batch officer of the Indian Railway Personnel Service (IRPS) and holds a Post-Graduate Diploma in Management...

AVG Logistics Ltd. Responds to Share Price Movement AVG Logistics Ltd. stated that recent fluctuations in the company's share price are primarily due to broader market conditions and macroeconomic uncertainties. The company made this announcement in response to a query received on March 19, 2026, from the National Stock Exchange of India.According to the company, the movement in share price is entirely market-driven. AVG Logistics Ltd. confirmed that there is no unpublished price-sensitive information or pending announcement that would impact the company’s share price or trading volume.Sanjay Gupta, Managing Director, signed the communication. The company reiterated its commitment to complying with regulatory requirements and...

Infosys Establishes Subsidiary in Australia to Expand Business Services Infosys Ltd. announced the incorporation of a step-down wholly owned subsidiary, Infosys Enterprise Business Services Pty. Ltd., in Australia. The announcement follows a previous communication on March 18, 2026.The new subsidiary, incorporated on March 19, 2026, has a share capital of AUD 10 and is operating in the Information Technology and Information Technology enabled Services sector.Infosys Singapore Pte. Ltd., a step-down wholly-owned subsidiary of Infosys Limited, holds 100% of the shareholding in Infosys Enterprise Business Services Pty. Ltd. The transaction does not constitute a related party transaction.The incorporation of the subsidiary is not...

Asgard Alcobev Limited Appoints Ronak Jain as Managing Director Asgard Alcobev Limited, formerly known as Banganga Paper Industries Limited, announced the appointment of Mr. Ronak Jain as Managing Director, effective March 19, 2026. Mr. Jain brings over 15 years of experience in the liquor and beer industry, spanning manufacturing, packaging, distribution, corporate strategy, business expansion, operational efficiency, and financial management. He is set to drive the company's strategic realignment and long-term growth.Simultaneously, the company strengthened its leadership team with the appointments of Ms. Priyanka Jain as Additional Director (Non-Executive) and Chief Financial Officer (CFO) & Finance Director, and Mr. Binit...

Adani Power Expresses In-Principle Interest in Jaiprakash Associates Resolution Plan Adani Power Ltd. has conveyed its in-principle interest in becoming an Implementing Entity for the resolution plan of Jaiprakash Associates Limited (JAL). The announcement follows the approval of a resolution plan submitted by Adani Enterprises Limited by the Hon'ble National Company Law Tribunal, Allahabad bench, Prayagraj, on March 17, 2026. The order was subsequently uploaded to the Hon'ble NCLT website on March 18, 2026.The approved resolution plan allows Adani Enterprises Limited to designate Implementing Entities to carry out the plan or portions thereof, which involves acquiring assets from JAL. Adani Power's potential involvement would focus...

GeeCee Ventures Ltd. Completes Conversion of Bharti Airtel Shares GeeCee Ventures Limited announced the completion of a conversion related to its investment in Bharti Airtel Limited (BAL) on March 20, 2026. The company, which holds 2,30,976 party paid-up equity shares of BAL, remitted Rs. 9,26,79,120 towards the first and final call notice issued by BAL. This payment, at Rs. 401.25 per share, converted the partly paid-up equity shares into fully paid-up equity shares.The Special Committee of Directors for Rights Issue of BAL approved this conversion. The converted shares now rank pari passu with existing fully paid-up equity shares. BAL notified the approval for conversion to the Bombay Stock Exchange (BSE) and the National Stock...

Artson Ltd. Receives Rs. 42.22 Crore Order from Anuppur Thermal Energy Artson Ltd. announced today, March 20, 2026, that it has received an award for Rs. 42.22 Crores from Anuppur Thermal Energy (MP) Pvt. Ltd. The order, awarded to the company’s domestic subsidiary, encompasses the supply, fabrication, testing, painting, packing, forwarding, loading, transportation including transit insurance of prefabricated steel structures for CHP on a DAP site basis.The contract is structured as an item rate order with a six-month execution period. The award does not involve any related party transactions and no promoters, promoter groups, or group companies have an interest in Anuppur Thermal Energy.S. No.ParticularsResponse1Name of the...

Welspun Corp Limited Acquires 45% Stake in Welspun Corporate Services Limited Welspun Corp Limited announced the acquisition of a 45% stake in Welspun Corporate Services Limited (WCSL), formerly known as Welspun Home Textiles Limited, for a consideration of Rs. 45,000. The acquisition will be completed by March 31, 2026. The remaining 55% stake will be acquired by other Welspun Group entities.WCSL is being positioned as a centralized corporate services platform for Welspun Group entities, offering services including human resources, legal, regulatory and compliance, taxation, corporate restructuring, mergers and amalgamations, strategic advisory, and other corporate services. The acquisition is intended to support the establishment...

RNIT AI Solutions Limited Receives Multiple Work Orders from Telangana Government RNIT AI Solutions Limited (NSE: 517286) announced on March 20, 2026, that it has received multiple work orders from Telangana Technology Services Limited (TGTS), a Government of Telangana undertaking. The work orders are for the implementation and maintenance of AI-based Facial Recognition Attendance Management Systems.These orders pertain to deployment of the solution for the Government Higher Education Department across the State of Telangana, covering the State Board of Technical Education and Training (SBTET), Collegiate Education Department, and ITI institutions. The project spans a period of three years.The company stated this engagement...