Markets

InfoBeans Technologies Clarifies News Reports on Subsidiary Sale and Trading Halt InfoBeans Technologies Limited has clarified that reports circulating on the “Whalesbook” platform regarding the sale of two subsidiaries and a trading halt are inaccurate. The company addressed the reports in a statement released March 31, 2026.The “Whalesbook” articles, titled “InfoBeans Sells 2 Subsidiaries, Names New Whole-Time Director” and “InfoBeans Sets April 1 Trading Halt for FY26 Results,” contained information that InfoBeans Technologies Limited asserts is factually incorrect and misleading.The company specifically denied making any disclosure related to the sale of subsidiaries and the associated consideration mentioned in the articles...

Hindustan Aeronautics Limited Registers Rs. 32,250 Crores in Revenue for FY 2025-26 Bengaluru, March 31, 2026: Hindustan Aeronautics Limited (HAL) announced a revenue of Rs. 32,250 crores (provisional and unaudited) for the financial year ended March 31, 2026, compared to Rs. 30,981 crores in the previous year. The company cited challenges in deliveries of the LCA MklA and HTT 40 due to supply chain issues and technical difficulties. However, accelerated deliveries of ALH, AL31-FP, RD-33 engines, and other products and services helped maintain revenue and profitability.“HAL has shown resilience and maintained steady growth despite geopolitical tensions, global conflicts, and supply chain challenges in the aerospace and defence...

Railtel Corporation of India Secures Work Order from Jharkhand Public Service Commission Railtel Corporation of India Limited announced that it has received a work order from the Jharkhand Public Service Commission Ranchi. The order, received on March 30, 2026, at 7:40 PM, involves providing ancillary services to the JPSC, including biometric authentication and CCTV installation with live feed, along with provision of VOIP.The project is to be executed by April 19, 2026. The size of the order is valued at Rs. 21,92,61,228, inclusive of tax. The work order was awarded by a domestic entity and does not involve any related party transactions.DetailInformationEntity Awarding OrderJharkhand Public Service Commission RanchiNature...

Happy Square Outsourcing Services Limited Receives New Work Order Happy Square Outsourcing Services Limited (formerly Happy Square Outsourcing Services Private Limited) announced on March 31, 2026, that it has been awarded a new work order for manpower supply services. The order, valued at approximately ₹0.1834 Crore, was received from Madhya Pradesh Power Transmission Company Limited (MPPTCL) – Jabalpur.The contract involves the supply of manpower services and is considered part of the company’s ordinary course of business. The project is scheduled to run for one year, from April 1, 2026, to March 31, 2027. Neither the promoter group nor any group companies have an interest in MPPTCL.Here's a summary of the key details...

Texmaco Rail & Engineering Receives Rs. 41.31 Crore Order from South Central Railway Texmaco Rail & Engineering Limited, an Adventz Group company, announced it has received an order valued at Rs. 41.31 crores from South Central Railway. The order involves the replacement of panel interlocking with electronic interlocking, along with the replacement of outdoor gears at stations within the Vijayawada Division.The project is slated for completion within 540 days from the appointed date, as outlined in the EPC Agreement Document. The total contract value is Rs. 41.31 crores, excluding taxes.Texmaco Rail & Engineering confirmed that neither the entity awarding the order nor its promoters, promoter groups, or group companies have any...

Avenue Supermarts Expands Retail Footprint with 12 New Stores Avenue Supermarts Limited, owner of the DMart retail chain, announced the opening of twelve new stores as of March 31, 2026. The new locations span across several states, including Maharashtra, Tamil Nadu, Odisha, Uttar Pradesh, Haryana, Chhattisgarh, Gujarat, and Nagpur.The newly opened stores are located in: Daund, Pune (Maharashtra); Tiruvottiyur, Chennai (Tamil Nadu); SGBL Square Mall, Cuttack (Odisha); Kanpur Road, Lucknow (Uttar Pradesh); Omaxe Connaught Place Mall, Greater Noida (Uttar Pradesh); IMT Faridabad (Haryana); Dattawadi, Pune (Maharashtra); Sarkanda, Bilaspur (Chhattisgarh); Zundal, Gandhinagar (Gujarat); Singarwa, Ahmedabad (Gujarat); Kachimet, Nagpur...

Yes Bank Receives INR 210 Crore from Security Receipts Portfolio Yes Bank Limited announced it has received a total of INR 210 crore from two separate trusts related to the Security Receipts Portfolio associated with a loan portfolio sold to J. C. Flower Asset Reconstruction Private Limited ('JC Flower ARC'). The receipts totaled INR 110 crore and INR 100 crore, respectively.The transaction relates to the sale of a Non-Performing Asset (NPA) portfolio to JC Flower ARC, which occurred on December 17, 2022. Yes Bank disclosed the receipts due to the materiality threshold outlined in the amended Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.Additional information is available...

Nutraplus India Ltd. Reports Financial Results for Quarter Ended September 30, 2025 Nutraplus India Ltd. announced its unaudited standalone financial results for the quarter ended September 30, 2025, and year-to-date period from April 1, 2025, to September 30, 2025, following a board meeting held on October 25, 2025. The board meeting commenced at 3:30 pm and concluded at 6:30 pm.A limited review report from Raman S. Shah & Associates, Chartered Accountants, accompanied the financial results.The company disclosed in a qualified review report that it has not complied with listing requirements under the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically regarding the...

UltraTech Cement Receives Order from GST Authority UltraTech Cement Limited announced that it received an order from the Additional Commissioner, Central Goods and Services Tax, Dehradun, Uttarakhand on March 31, 2026.The order confirms a tax demand of Rs. 53,81,19,148 plus applicable interest, along with a penalty of Rs. 53,81,19,148. The order relates to a matter involving alleged differential tax liability and non-reversal of Input Tax Credit (ITC) pertaining to fiscal years 2019-20 to 2023-24.According to the company, it intends to contest the demand and anticipates that the order will not have a material financial impact on its operations.Below is a summary of the order details:Sr. No.ParticularsDetails1Name of the...

Mrs. Bectors Food Specialities Subsidiary Starts Commercial Production at Khopoli Facility Mrs. Bectors Food Specialities Limited announced the commencement of commercial production at its subsidiary, Bakebest Foods Private Limited’s, new bakery facility located in Khopoli, Maharashtra, effective March 31, 2026.The newly established facility possesses an annual installed capacity for bakery products of 36,464 metric tonne. The commencement aligns with the company's strategic expansion plans. Source:

P N Gadgil Jewellers Limited Receives Income Tax Assessment Orders P N Gadgil Jewellers Limited has received assessment orders under Section 143(3) read with Section 147 of the Income Tax Act, 1961, for the assessment years 2021-22, 2022-23, and 2023-24. The orders were received on March 31, 2026, and were issued by the Deputy Commissioner of Income Tax, Central Circle 1(3), Pune.Details of the Assessment Orders: The demand for the assessment year 2021-22 is Rs. 2.26 crore, determined due to non-acceptance of royalty expense deductions and additions under Section 69A of the Income Tax Act, 1961. For the assessment year 2022-23, the demand is Rs. 2.29 crore, stemming from the same royalty expense issue, disallowances under Section...

Wipro Completes Merger of Rizing Subsidiaries Wipro Limited announced the completion of a merger between Rizing Consulting USA, LLC and Rizing LLC, effective March 31, 2026 (Eastern Time). The move consolidates the group's structure.Rizing Consulting USA, LLC reported a turnover of USD 46,715,994 as of March 31, 2025, while Rizing LLC’s turnover stood at USD 84,384,857 for the same period. Both entities provide consulting and software support services. The transaction was conducted at arm’s length and does not involve any change in shareholding for Wipro Limited.ParticularsDetailsTurnover (as of March 31, 2025)Rizing Consulting USA, LLC: USD 46,715,994Turnover (as of March 31, 2025)Rizing LLC: USD 84,384,857Source:

Oberoi Realty Enters Development Agreement for Malabar Hill Project Oberoi Realty Limited announced today, March 31, 2026, that it has entered into a Development Agreement for the redevelopment of a land parcel of approximately 1,740 square meters located at Malabar Hill, Mumbai.The project involves the redevelopment of the land along with adjoining societies under a cluster development scheme. Oberoi Realty’s estimated entitlement of free sale component from the land is up to approximately 51,000 square feet, based on RERA Carpet area and subject to applicable regulations.Source:

MAS Financial Services Limited Increases Stake in Subsidiary MAS Financial Services Limited announced an investment of Rs. 24,99,99,969 in its subsidiary, MAS Rural Housing & Mortgage Finance Limited (MRHMFL), on March 31, 2026. This investment results in an increased shareholding for MAS Financial Services Limited, bringing its total ownership to 1,67,61,455 equity shares, representing 63.74% of MRHMFL's total equity share capital. This marks an increase from the previous shareholding of 62.54%, resulting in a 1.20% rise.MRHMFL, incorporated in July 2007, operates as a housing finance company focused on serving the middle-income segment. As of December 31, 2025, MRHMFL reported a turnover of Rs. 7,243.73 Lakhs and a net profit of Rs...

HCLTech and CrowdStrike Expand Strategic Partnership with AI-Powered Continuous Threat Exposure Management Services AUSTIN, Texas, NEW YORK, NOIDA, India, March 31, 2026 — HCLTech, a global technology company, and CrowdStrike (NASDAQ: CRWD) announced an expansion of their strategic partnership with the launch of Continuous Threat Exposure Management (CTEM) services. This joint offering provides continuous, intelligence-led identification, prioritization, and remediation of exposure across endpoints, cloud, identity, applications, and data, aiding enterprises in maintaining constant visibility and addressing risk effectively.The expanded partnership combines CrowdStrike’s advanced adversary intelligence with HCLTech’s AI-driven threat...

National Aluminium Company Limited Announces Departure of Independent Directors National Aluminium Company Limited announced today, March 31, 2026, the cessation of tenure for three Independent Directors. The changes are effective as of March 31, 2026.The departing Directors are: Ms. Trupti Kamlesh Patel, Dr. Ajay Narang, and Shri Patel Sanjaykumar.This announcement is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.B. K. Sahu, Company Secretary & Compliance Officer, made the announcement on behalf of National Aluminium Company Limited.Source:

Britannia Industries Appoints N. Venkataraman, Elevates Ramamurthy Jayaraman Britannia Industries Limited announced key leadership changes following a board meeting held on March 31, 2026. The board re-appointed Mr. N. Venkataraman as Whole-Time Director and Executive Director and Chief Financial Officer for a four-year term, effective July 30, 2026, to July 29, 2030, pending member approval. Additionally, the company elevated Mr. Ramamurthy Jayaraman from General Manager - Corporate Finance to Vice President Corporate Finance, effective April 1, 2026.The board meeting commenced at 11:00 A.M. (IST) and concluded at 4:30 P.M. (IST).Details of AppointmentsParticularsN. VenkataramanRamamurthy JayaramanDesignationExecutive...

SMS Pharmaceuticals Limited Receives Income Tax Demand Notice SMS Pharmaceuticals Limited announced that it received a demand notice under Section 156 of the Income Tax Act, 1961, from the Assessment Unit, Income Tax Department, for the assessment year 2018-19. The notice raised a demand of Rs. 7.19 crores. Additionally, penalty proceedings under Section 270A have been initiated separately for underreporting of income.According to the company, the assessment order under Section 147 read with section 144B of the Income Tax Act, 1961, includes an addition of income and a disallowance of deduction under Section 35 of the Act.SMS Pharmaceuticals Limited is currently reviewing the order and evaluating further action to be taken. The...

E Factor Experiences Limited Pays Fine for Non-Compliance E Factor Experiences Limited has paid a fine of Rs. 99,120 to the National Stock Exchange of India Limited (NSE) for non-compliance under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The company’s Board of Directors reviewed the notice from the NSE, dated February 20, 2026, which cited non-compliance regarding the appointment of a Company Secretary & Compliance Officer for the quarter ended December 31, 2025. The Board acknowledged the delay, attributing it to challenges in identifying a suitable candidate. Mr. Rahul Chauhan was appointed as Company Secretary & Compliance Officer with effect from December 24, 2025, and the...

Astonea Labs Limited Acquires Stake in Damaira Pharmaceuticals Astonea Labs Limited announced it has acquired approximately 25.74% of the issued, subscribed, and paid-up equity share capital of Damaira Pharmaceuticals Private Limited. The acquisition involved an aggregate amount of INR 6.25 Crores, utilized from funds raised through a variation in the Initial Public Offer (IPO) objects.The Board of Directors of Astonea Labs Limited had previously approved the acquisition on December 03, 2025, with shareholder approval received at the Annual General Meeting on December 27, 2025. A variation in the IPO objects, including the acquisition of equity stake in Damaira Pharmaceuticals, was subsequently approved by shareholders on March 27...