Markets

Paisalo Digital Completes Maiden USD 15 Million ECB Issuance New Delhi, March 17, 2026 – Paisalo Digital Limited, a non-banking finance company (NBFC) specializing in inclusive lending, has successfully concluded its inaugural External Commercial Borrowing (ECB) transaction, securing USD 15 million.The ECB issuance represents a strategic move to diversify the company’s funding sources and access long-term capital from international markets. Proceeds from the transaction will be used to support the company’s expanding lending portfolio, with a focus on MSMEs, income-generation segments, and other priority sectors."The successful closure of our maiden ECB issuance marks a pivotal step in strengthening our liability franchise," said...

Mangalam Worldwide Limited Allots Debentures on Private Placement Basis Mangalam Worldwide Limited announced that its Debenture Committee approved the allotment of 50,000 rated, listed, senior, secured, transferable, redeemable, non-convertible debentures on a private placement basis. The total value of the debentures is Rs. 50,00,00,000.The debentures have a face value of Rs. 10,000 each. The deemed date of allotment is March 17, 2026, with a tenure of 36 months, maturing on March 17, 2029. A coupon/interest rate of 9.75% per annum, payable quarterly, has been offered.The debentures are secured by way of a mortgage over certain assets of the company, a hypothecation over plant and machinery of Mangalam Saarloh Private Limited, a...

State Bank of India Raises ₹ 6,051 Crores Through Tier 2 Bond Issuance State Bank of India (SBI) announced today that it successfully raised ₹ 6,051 crores through its second Basel III compliant Tier 2 (Series 2) bond issuance for the current financial year. The bonds carry a coupon rate of 7.05% and have a tenor of 10 years, featuring a call option after 5 years and each anniversary date thereafter. CRISIL Ratings Limited and India Ratings and Research Private Limited have rated the bonds AAA with a stable outlook.The bond issuance garnered significant investor interest, attracting bids approximately 2 times the base issue size of ₹ 5,000 crores. A total of 47 bids were received from a diverse group of qualified institutional...

Typhoon Financial Services Responds to Share Price Movement Inquiry Typhoon Financial Services Ltd. addressed inquiries regarding recent share price movements, responding to a communication received March 16, 2026, from the BSE Limited. The company stated that all material information impacting operations and performance, including price-sensitive information as defined by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been disclosed within the required timeframe.Typhoon Financial Services confirmed that there is no pending information or announcement that would influence the share price. The company attributes the recent price fluctuations to prevailing market conditions and asserts...

P N Gadgil Jewellers Opens New Store in Pune P N Gadgil Jewellers Limited announced the opening of a new retail store on March 17, 2026. The store, operating under a Franchise Owned, Company Operated (FOCO) model, is located at Supercon Residency, Sh i rine Garden, Aundh, Pune, Maharashtra - 411007. The opening occurred at approximately 6:00 P.M.With this addition, P N Gadgil Jewellers now operates a total of 73 stores. The company's stock is traded on the BSE under Scrip Code: 544256 and on the National Stock Exchange of India Limited under Symbol: PNGJL.Source:

National Aluminium Company Limited Seeks Waiver for Exchange Penalties National Aluminium Company Limited (NALCO) has requested waivers for fines levied by the Bombay Stock Exchange (BSE) and National Stock Exchange (India) Limited (NSE) related to non-compliance with SEBI (LODR) Regulations. The company was fined a total of Rs. 5,42,800, including GST, which comprised a basic fine amount of Rs. 4,60,000.The penalties stemmed from non-compliance with Regulation 17(1) of the SEBI (LODR) Regulations for the quarter ended December 31, 2025. NALCO maintains that as a Central Public Sector Enterprise (CPSE), the appointment of directors is vested with the President of India, and the company lacks control over these appointments.On March...

Vivid Global Industries Ltd. Announces Inter-se Transfer of Shares Among Promoters Vivid Global Industries Ltd. announced on March 17, 2026, an inter-se transfer of shares among promoters and promoter group members. The transaction involved a gift deed for the transfer of shares.Mr. Sudhir Mody transferred 7,46,004 equity shares, representing 8.17% of the company's share capital, to Mr. Sumish Mody. The aggregate shareholding of the promoters before and after the transfer remains unchanged.The transaction qualifies for exemption under Regulation 10(1)(a)(i) & Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it involves a transfer between relatives who have been promoters for...

Gem Aromatics Limited Discloses Share Acquisition Gem Aromatics Limited (BSE: 544491, NSE: GEMAROMA) announced receipt of a disclosure regarding a share acquisition under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.According to the disclosure, Mrs. Kaksha Vipul Parekh, a promoter of the company, acquired 60,000 shares through open market transactions on March 17, 2026. This acquisition increased Mrs. Parekh’s holding to 46,93,219 shares, representing 8.98% of the company's total share/voting capital and 8.98% of the total diluted share/voting capital. Prior to the acquisition, Mrs. Parekh held 46,33,219 shares, which represented 8.87% of the company’s total share/voting capital and...

Shilpa Medicare Limited Announces Board Appointments Shilpa Medicare Limited announced that shareholders approved the appointment of three directors at a postal ballot concluded on March 17, 2026. The appointments were initially proposed on January 10, 2026, and took effect on January 13, 2026.The newly appointed directors are:Mr. Antonio Molle (DIN: 11400478) as Non-Executive, Non-Independent Director. Mr. Molle holds a degree in Mechanical Engineering and currently serves as SKF Group Global Operations Director Automotive Global Operations Director, bringing over 30 years of experience with SKF Group Companies. Mr. Bastian Thomas (DIN: 11414682) as Non-Executive, Non-Independent Director. Mr. Thomas holds a degree in Business...

SKF India Limited Announces Board Appointments Following Shareholder Approval SKF India Limited announced that shareholders approved the appointments of Antonio Molle, Bastian Thomas, and Magnus Lennart Prick as Directors at a postal ballot concluded on March 17, 2026. The appointments were initially recommended by the Nomination and Remuneration Committee and approved by the Board of Directors on January 10, 2026, with the appointments effective January 13, 2026.Director Details:Antonio Molle (DIN: 11400478) has been appointed as a Non-Executive, Non-Independent Director. Molle holds a degree in Mechanical Engineering from Cassino University and is currently SKF Group Global Operations Director Automotive Global Operations...

Hindware Home Innovation Limited Receives Demand Order for Tax Demand Hindware Home Innovation Limited announced today, March 17, 2026, that it received a Demand Order under Section 74 of the Central Goods and Services Act, 2017, from the Office of the Superintendent, CGST & SGST, Patna, Bihar.The Demand Order, dated March 13, 2026, requires the company to pay a tax demand of ₹5,86,670, along with interest of ₹3,570 and a penalty of ₹5,98,815. The period involved is fiscal years 2019-20 to 2022-23. The demand was generated due to excess availment and utilization of Input Tax Credit (ITC).According to the company, the impact in monetary terms is detailed in the Demand Order. Hindware Home Innovation Limited intends to contest the...

T.T. Limited Announces Promoter Group Share Acquisition T.T. Limited announced that T.T. Brands Limited, a promoter group entity, acquired 1,31,103 equity shares of T.T. Limited between March 16, 2026, and March 17, 2026. The acquisition was made through open market transactions.According to a regulatory filing, prior to the acquisition, T.T. Brands Limited held 88,43,6005 shares, representing 34.2313% of the total share/voting capital. Following the acquisition, the holding increased to 88,56,7108 shares, representing 34.282% of the total share/voting capital.The total equity share capital of T.T. Limited before and after the acquisition remains at 25,83,10,944. The total diluted share/voting capital of T.T. Limited also remains at...

Afcons Infrastructure Limited Receives Arbitration Award from ONGC Afcons Infrastructure Limited announced on March 17, 2026, that it received an Arbitration Award concerning a dispute with Oil and Natural Gas Corporation Limited (ONGC). The award stems from arbitration proceedings related to the ICPR Process Platform project works.The arbitration involved Afcons Gunanusa Joint Venture, a joint venture between Afcons Infrastructure Limited and PT Gunanusa Utama Fabricators, Indonesia, and ONGC. The Arbitral Tribunal awarded INR 3.35 crores against certain claims of the joint venture and rejected ONGC’s counterclaims. The tribunal also directed ONGC to release the joint venture’s bank guarantee.According to the award, passed on March...

Grauer & Weil India Ltd. Receives Order Regarding Cenvat Credit and Penalties Grauer & Weil (India) Limited announced on March 17, 2026, that it received an order from the Commissioner Appeals, CGST and Central Excise, Thane. The order pertains to an appeal filed by the company under Section 85(4) of the Finance Act, 1994.The Commissioner (Appeals) partially allowed and partially upheld the appeal. The company intends to file an appeal against the order.The order, received on March 16, 2026, relates to alleged violations involving:Wrong availment and utilization of Cenvat Credit amounting to ₹11,71,712. Availment of Cenvat Credit of ₹1.19 Lacs after the lapse of a one-year period.The order specifies a rejection of Cenvat...

Adani Power Announces Leadership Change in Company Secretary Role Adani Power Limited announced changes to its leadership on March 17, 2026. Deepak S Pandya, the current Company Secretary and Compliance Officer, will be retiring from the company effective March 31, 2026. Puneet Bansal will assume the role of Company Secretary and Compliance Officer, effective April 1, 2026.Pandya was initially appointed to the role in August 2015. Bansal’s appointment is on a full-time employment basis.The Board of Directors approved the changes at a meeting held on March 17, 2026, which began at 5:00 p.m. and concluded at 6:35 p.m.DetailDeepak S PandyaPuneet BansalReason for ChangeRetirementAppointment following retirement of Deepak S...

Indo-National Limited Approves Additional Loan to Aidin Technologies Private Limited Indo-National Limited announced the approval of an additional loan of INR 70,00,000 to Aidin Technologies Private Limited on March 17, 2026. This supplemental loan, executed on the same date, increases the total loan amount to INR 10,70,00,000. The initial loan of INR 10,00,00,000 was provided on October 7, 2025.The loan is intended to meet Aidin Technologies Private Limited's working capital requirements.Key terms of the loan agreement include personal guarantees from Aidin Technologies Private Limited’s promoters, Mr. Harish Harohalli Vishwamurthy and Vinay Chandran KM. Mr. Harish Harohalli Vishwamurthy has pledged shares to the extent of 1.87...

Ceigall India Limited Secures Contracts from Punjab Infrastructure Development Board Ceigall India Limited announced on March 17, 2026, that its wholly-owned subsidiary, Ceigall Infra projects Private Limited (CIPPL), has been awarded two contracts by the Punjab Infrastructure Development Board. The contracts were secured following a financial bid opening on March 16, 2026.The contracts, awarded under a Hybrid Annuity Model (HAM), involve the construction and development of World Class Urban Streets in Ludhiana. One contract, Tender ID 2026_DOF_158211_2, is valued at Rs. 108.00 crore. The second contract, Tender ID 2026_DOF_158228_2, is valued at Rs. 99.00 crore. Both projects include an 8-month construction period followed by a...

Hero MotoCorp Withholds Interim Dividend for Shareholders with Incomplete KYC Details Hero MotoCorp Limited announced on March 17, 2026, that it has withheld the interim dividend for certain shareholders due to incomplete Know Your Customer (KYC) details. The action follows regulations mandated by the Securities and Exchange Board of India (SEBI) circulars dated November 3, 2021, December 14, 2021, March 16, 2023, November 17, 2023, June 10, 2024, and master circulars dated May 7, 2024, and June 23, 2025.Shareholders are requested to update their KYC details, including PAN, contact information, mobile number, and bank account details, to receive the withheld dividend. Payments will be made through electronic mode only.The company...

Paramount Communications Limited Reports Share Acquisition by Promoters Paramount Communications Limited announced that it received disclosures from Whole Time Director & Promoter Sanjay Aggarwal and Managing Director & Promoter Sandeep Aggarwal regarding market purchases of the company’s equity shares on March 16, 2026.According to the disclosures, Sanjay Aggarwal and Sandeep Aggarwal, along with other persons acting in concert (PACs) including Shashi Aggarwal, Kamla Aggarwal, Archana Aggarwal, Dhruv Aggarwal, Parth Aggarwal, Tushar Aggarwal, Shyam Sunder Aggarwal HUF, and Parul Aggarwal HUF, acquired a total of 80,000 shares and 61,896 shares, respectively, through open market transactions.Prior to the acquisition, the combined...

Subex Secures Enterprise Asset Management Engagement with North African Telecom Operator Bengaluru, India, March 17, 2026 – Subex, a provider of telecom AI solutions, announced today that a leading North African Telecom operator has selected the company for an Enterprise Asset Management (EAM) engagement. The operator is part of a larger, multi-country telecom group.The agreement involves the deployment of Subex’s HyperSense solutions, enabling a flexible, governance-first EAM approach that integrates seamlessly with Enterprise Resource Planning (ERP), Geographic Information System (GIS), and Network Management System / Element Management System (NMS/EMS) systems. The solution provides centralized 360° asset visibility, Fixed Asset...