Markets

Cipla Ltd. Appoints Vice-Chairman and Approves Subsidiary Investments, Amalgamation Cipla Ltd. announced several key developments following a board meeting held on March 19, 2026. Mr. P R Ramesh, Lead Independent Director, has been designated as Vice-Chairman of the Company, effective April 1, 2026.Additionally, Mr. Robert Stewart, an Independent Director, has expressed his intention not to seek reappointment upon completion of his current term on May 13, 2026.The board approved an investment of up to USD 100 million in the equity share capital of Cipla (EU) Limited, a wholly-owned subsidiary, to provide financial assistance to InvaGen Pharmaceuticals Inc., another wholly-owned subsidiary of Cipla (EU) Limited. These funds will be...

ISGEC Heavy Engineering Ltd. Receives ESG Rating from CFC Finlease Private Limited ISGEC Heavy Engineering Ltd. has been assigned an Environmental, Social, and Governance (ESG) rating of 54 by CFC Finlease Private Limited, according to a notification released on March 19, 2026. The rating was based on publicly available information and disclosed to the Bombay Stock Exchange (BSE) and National Stock Exchange (India) on March 5, 2026.CFC Finlease Private Limited, a SEBI-licensed ESG Rating Provider, conducted the independent evaluation. The company clarified it did not engage CFC Finlease Private Limited for the purpose of the rating. The rating reflects ISGEC Heavy Engineering’s commitment to sustainable and responsible practices.Source:

Lehar Footwears Ltd. Announces Changes in Promoter Group Shareholder Details Lehar Footwears Limited has reported changes affecting two members of its Promoter Group, Ramesh Chand Agarwal (HUF) and Mohan Lal Agarwal (HUF). The announcements relate to alterations in depository participant (DP) identification and changes in the Karta of the respective Hindu Undivided Families (HUFs).Ramesh Chand Agarwal (HUF), holding 140,000 equity shares, representing 0.79% of the total paid-up share capital, has seen its DP ID change from IN302700 to IN301485. This modification stems from the merger of the Jaipur branch of KIFS Trade Capital Private Limited (DP) with its Ahmedabad branch.Additionally, the company confirmed the passing of Mr. Ramesh...

H.G. Infra Engineering Ltd. to Dissolve Six Step-Down Subsidiaries H.G. Infra Engineering Limited announced on March 19, 2026, that its six step-down wholly owned subsidiaries have obtained shareholder consent for voluntary dissolution and will apply for strike-off with the Registrar of Companies, Jaipur.The subsidiaries, which were incorporated between June 2024 and July 2024, are: H.G. Bharatpur Solar Project Private Limited, H.G. Dudu Solar Project Private Limited, H.G. Ajmer Solar Project Private Limited, H.G. Jaipur Solar Project Private Limited, H.G. Jalore Solar Project Private Limited, and H.G. Sanchore Solar Project Private Limited.According to the company, these subsidiaries have not commenced operations since their...

Sical Logistics Limited Repays ₹70 Crore of Term Loan Sical Logistics Limited announced a partial repayment of a rupee term loan facility totaling ₹170,00,00,000 (Indian rupees seventy crore only). The repayment was made against an existing facility from Aditya Birla Capital Limited and other lenders.This prepayment is part of the company’s strategy to optimize its capital structure and reduce overall outstanding debt. The move is expected to lower finance costs and improve key leverage metrics. Sical Logistics Limited highlighted its commitment to strengthening its balance sheet and maintaining prudent financial management.Source:

NTPC Limited and Octopus Energy Group, UK Sign MoU for Power and Energy Sector Collaboration New Delhi, March 19, 2026: NTPC Limited, India's largest integrated power utility, has signed a Memorandum of Understanding (MoU) with Octopus Energy Group, a leader in clean energy and digital energy platforms, to explore strategic collaboration across the power and energy sector. The signing occurred on the sidelines of the Bharat Electricity Summit 2026, held from March 19-22, 2026. The event was held under the aegis of the Ministry of Power, Government of India.The MoU was signed by Dr. Jatinder Singh Chandok, Head of International Business Development, NTPC, and Mr. Chris Fitzgerald, Group Director, International Affairs, Octopus Energy...

Compuage Infocom Ltd. Schedules Committee of Creditors Meeting Compuage Infocom Ltd. announced the scheduling of its 24th Committee of Creditors meeting for Wednesday, March 25, 2026, at 3:00 P.M. The meeting is being held in connection with the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016.Gajesh Labhchand Jain, Resolution Professional in the matter of Compuage Infocom Limited, appointed under an order dated April 29, 2024, received on May 9, 2024, is managing the company's affairs and assets.Compuage Infocom Limited is currently undergoing the Corporate Insolvency Resolution Process as mandated by the Insolvency and Bankruptcy Code 2016.Source:

The Anup Engineering Ltd. Schedules Investor Meetings The Anup Engineering Ltd. announced that its management will participate in an investor meeting with GL Capital on March 24, 2026. The meeting will be conducted virtually and is categorized as a one-on-one session.The company confirmed that no unpublished price-sensitive information will be shared during the interaction. The schedule is subject to change due to unforeseen circumstances impacting either the investor or the company.Sr NoDateName of InvestorType of MeetingsMode124 th March, 2026GL CapitalOne-on-OneVirtualThe company secretary, Lay Desai, Membership No.: A57117, made the disclosure.Source:

JCT Ltd. Announces Committee of Creditors Meeting JCT Ltd. will hold the Thirteenth meeting of its Committee of Creditors (CoC) on Friday, March 20, 2026, at 4:00 pm via video conferencing. The meeting is being held within the context of the company’s corporate insolvency resolution process (CIRP). Umesh Garg, Resolution Professional with IBBI Reg. No. IBBI/IPA-001/IP-P00135/2017-2018/10277, is overseeing the proceedings for JCT Limited.Source:

Steel Authority of India Appoints T.N. Natarajan as Director (Commercial) Steel Authority of India Ltd (SAIL) announced the appointment of Shri T.N. Natarajan as Director (Commercial), effective March 19, 2026. The appointment follows a nomination by the Government of India's Ministry of Steel and approval from the SAIL Board of Directors.Shri Natarajan, currently a Chief General Manager at SAIL, brings over 32 years of diversified experience to the role, spanning production, logistics, and sales. He has previously held leadership positions in warehouse management, marketing, and customer engagement.According to company information, Shri Natarajan has been instrumental in shifting SAIL’s marketing approach toward solution-oriented...

Salem Erode Investments Ltd. Seeks Fresh Board Approval for Rights Issue Salem Erode Investments Ltd. announced on March 19, 2026, that a Board meeting is scheduled for March 24, 2026, to consider superseding a previous rights issue approval and re-approving a fund raising initiative. The company initially approved a rights issue on April 4, 2025, aiming to raise up to Rs. 5,000 Lakhs.The fresh approval seeks to pursue the rights issue under the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025, which simplify the process. The re-approved rights issue will now target a fund raising of Rs. 2293.11 Lakhs.The company clarified that this fresh approval does not involve a new or additional offer of equity...

Hercules Investments Ltd. Appoints Mahendrakumar Amritlal Gohel as Independent Director Hercules Investments Ltd. announced the appointment of Mahendrakumar Amritlal Gohel as an Additional Director (Non-Executive Independent) on March 19, 2026. The appointment was approved by the Board of Directors and will take effect from March 19, 2026, with a term lasting until March 18, 2031, pending approval from the company's shareholders.Mr. Gohel, aged 66, holds a Bachelor of Commerce (Hons.) degree from the University of Mumbai and is a Fellow Member of the Institute of Chartered Accountants of India since 1992. He is a Partner at AMJ & Co. Chartered Accountants, bringing over 40 years of experience in finance, taxation, and commercial...

Sanofi Consumer Healthcare India Ltd. Schedules Investor Meetings Sanofi Consumer Healthcare India Ltd. announced an upcoming meeting with institutional investors on Tuesday, March 24, 2026. The meeting, categorized as a group interaction, will be held physically in Mumbai.According to the company, no unpublished price sensitive information will be discussed during the meeting, and the schedule is subject to change due to unforeseen circumstances. Details of the meeting were shared in compliance with SEBI’s Listing Obligations and Disclosure Requirements. The information will also be available on the company's website at www.sanofi.in.Source:

Highway Infrastructure Limited Receives Work Order Valued at ₹14.60 Crore Highway Infrastructure Limited announced it has received a work order from Sacham Highway Real Estates Private Limited for construction and development work at the ‘Beverly Greens’ residential colony project. The total value of the work order is approximately ₹14.60 crore, subject to variation based on site conditions, plus applicable Goods and Services Tax (GST).The project, located in Village Tillore Khurd, Indore, involves construction and development work across several plots with Khasra numbers including 24/4, 24/3, 36/3, and others. The work is expected to be completed within two years.Promoter group companies have an interest in Sacham Highway Real...

ASGARD ALCOBEV LIMITED Appoints New Directors and Executives ASGARD ALCOBEV LIMITED, formerly known as Banganga Paper Industries Limited, announced several key appointments following a Board of Directors meeting held on March 19, 2026.The Board appointed Mr. Ronak Jain as an Additional Director (Executive, Non-Independent) and subsequently as Managing Director (Executive Director), pending shareholder approval. Ms. Priyanka Jain was also appointed as an Additional Director (Non-Executive, Non-Independent). Additionally, Mr. Binit Singhania was appointed as an Additional Director (Finance Director) (Executive, Non-Independent) and as Chief Financial Officer.The meeting of the Board of Directors commenced at 4:00 PM and concluded at...

Harish Textile Engineers Limited Receives Statement of Claim from Deep Industries Harish Textile Engineers Limited announced on March 19, 2026, that it received a Statement of Claim from M/s. Deep Industries via post on March 18, 2026. The claim, received through the claimant’s advocate, is related to ongoing arbitration proceedings initiated by Deep Industries under Section 18(3) of the Micro, Small and Medium Enterprises Development Act, 2006.The Statement of Claim pertains to alleged delayed payments, including interest, as claimed under the provisions of the MSMED Act, 2006. The claimant alleges an amount of Rs. 97,59,128, including Rs. 72,08,743 in interest, is payable.The company is currently reviewing the contents of the...

Uttam Sugar Mills Ltd. Obtains Shareholder Approval for Preference Share Redemption Extension Uttam Sugar Mills Ltd. announced on March 19, 2026, that holders of its 6.50% Non-Cumulative Redeemable Preference Shares and 10.00% Non-Cumulative Redeemable Preference Shares have approved the extension of the redemption period for the preference shares.The special resolution for the extension was passed by preference shareholders with the requisite majority through a postal ballot process. A Scrutinizer was appointed to oversee the voting process, as per Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.According to the postal ballot results:6.50% Non-Cumulative Redeemable Preference Shares...

TCS and ABB Strengthen Strategic IT, AI, and Engineering Partnership MUMBAI, March 19, 2026: Tata Consultancy Services Limited (TCS) (BSE: 532540, NSE: TCS) announced today the signing of a Memorandum of Understanding (MoU) with ABB to strengthen the two companies' strategic collaboration across IT infrastructure and applications, digital and industrial AI initiatives, data centres, and other emerging technologies. The MoU reflects the Parties' shared intent to drive innovation, operational resilience, and sustainable growth through a long-term partnership approach.The partnership combines ABB’s industrial leadership with TCS' advanced AI, data, and engineering capabilities to enable next-generation infrastructure and enterprise...

Dev Labtech Venture Ltd. Announces Board Meeting and Key Proposals Dev Labtech Venture Ltd. has scheduled a Board of Directors meeting for March 27, 2026, at 3:00 p.m. at the company's Surat office. The meeting agenda includes several significant proposals for shareholder consideration.The Board will consider and potentially approve an increase in the company’s authorized share capital, accompanied by amendments to the Memorandum of Association’s capital clause. Additionally, the Board will review a proposal to alter the Memorandum of Association’s object clause.Shareholders may also see changes to the company’s share structure, as the Board plans to consider a proposal for the sub-division or split of existing equity shares. A...

Adani Enterprises Converts Shares Following Rights Issue Payment Adani Enterprises Limited announced the conversion of equity shares following the receipt of payments related to its rights issue. The decision, approved by the Rights Issue Committee of the Board of Directors on March 19, 2026, involves the conversion of 13,74,74,268 partly paid-up equity shares into fully paid-up equity shares.The partly paid-up shares, initially carrying a face value of ₹ 1.00 each and 75% paid-up (₹ 0.75 of the face value and ₹ 1,349.25 premium), have been converted into fully paid-up equity shares with a face value of ₹ 1.00 each and an ISIN of INE423A01024.The conversion specifically pertains to the Call Monies received through the ASBA facility...