Markets

Accel Ltd. Settles Outstanding Fines Levied by BSE Accel Ltd. announced on March 31, 2026, that it has settled all outstanding Standard Operating Procedure (SOP) fines levied by the BSE. The total amount paid, inclusive of Goods and Services Tax (GST), was Rs. 4,94,182.The Board of Directors discussed the matter, which related to historical non-compliance issues stemming from procedural lapses in earlier years, as communicated by the BSE on February 24, 2026.The company has directed its management and compliance team to implement robust internal monitoring mechanisms to ensure strict and timely compliance with the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015...

Rossari Biotech’s Subsidiary Unitop Chemicals Commissions Ethoxylation Capacity Expansion Rossari Biotech Ltd announced that its subsidiary, Unitop Chemicals Private Limited, has successfully commissioned an additional 15,000 MTPA of ethoxylation capacity at its Dahej facility, effective March 31, 2026. This follows previous updates provided on October 19, 2023, October 17, 2024, and September 26, 2025, regarding the capacity expansion project.The total planned expansion at Unitop’s Dahej facility was 30,000 MTPA. With the recent commissioning, Unitop’s total installed ethoxylation capacity now stands at 66,000 MTPA.Source:

IREDA Global Green Energy Finance IFSC Limited Receives ‘BBB+/Stable’ International Credit Rating New Delhi, March 31, 2026 – IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), a wholly owned subsidiary of Indian Renewable Energy Development Agency Limited (IREDA), has been assigned a Long-Term Foreign Currency Issuer Rating of ‘BBB+/Stable’ by CareEdge Global Ratings. This is IGGEFIL’s inaugural international credit rating.The rating is on par with India’s sovereign rating and reflects the company’s institutional linkage with its parent organization, IREDA, and its strategic role in supporting the renewable energy financing ecosystem.According to Pradip Kumar Das, Chairman of IGGEFIL and CMD, IREDA, the rating strengthens...

BLS International Services Updates on Subsidiary Strike-Off Progress BLS International Services Ltd. announced an update regarding the closure of its wholly-owned subsidiary, Retired BLS International Services Private Limited. The company had previously disclosed on November 11, 2025, its intention to close the subsidiary.The company reported that Retired BLS International Services Private Limited has submitted eForm STK-2 with all necessary documents to the Registrar of Companies, Delhi (RoC NCT of Delhi) for voluntary strike-off. The subsidiary’s current status within the Ministry of Corporate Affairs master data is "Under process of Striking Off."The completion of the closure and voluntary strike-off is anticipated within three...

Elgi Equipments Delays Capacity Expansion for Air Compressors and Support Center Elgi Equipments Limited announced revisions to the timeline for expanding its manufacturing facilities in Kinathukadavu, Coimbatore. The project, initially communicated on May 27, 2024, aims to increase production capacity for air compressors and parts.The expansion of the Global Support Center (GSC) is now anticipated in Q1 of fiscal year 2026-27, a shift from the previously projected Q4 of fiscal year 2025-26. Similarly, the expansion of Diesel-Powered Screw Air Compressor (DPSAC) capacity is now expected in Q4 of fiscal year 2027-28, delayed from the initial estimate.According to the company, these delays are attributed to delays in obtaining...

Larsen & Toubro Transfers L&T SuFin Business to Subsidiary Larsen & Toubro Ltd. has completed the transfer of its industrial and construction goods e-commerce platform, known as the L&T SuFin business, to its wholly-owned subsidiary, SuFin Limited. The transfer was executed via a slump sale on March 31, 2026, as per a Business Transfer Agreement signed on February 24, 2026.The total consideration for the transfer amounted to ₹ 42.9 Cr, subject to potential post-closing adjustments. This transaction involves the transfer of the L&T SuFin business on an ongoing concern basis.Source:

Krishna Institute of Medical Sciences Ltd. Receives Order Regarding Income Tax Assessment Krishna Institute of Medical Sciences Limited announced that its subsidiary, SPANV Medisearch Lifesciences Private Limited, has received an order from the Income Tax Department setting aside a previous demand notice for the assessment year 2022-2023. The order, dated March 29, 2026, indicates that the amount payable in respect of this matter is Rs. 0.The subsidiary company had previously appealed against the assessment under Part A of Chapter XX of the Income-tax Act, 1961, to the National Faceless Appeal Centre (NFAC) following the receipt of a demand notice under Section 156 of the IT Act.Details of the Order:ParticularsDetailsName of...

RNIT AI Solutions Ltd. Receives Work Order from Andhra Pradesh Skill Development Corporation RNIT AI Solutions Ltd. has been awarded a work order by the Andhra Pradesh State Skill Development Corporation (APSSDC), Government of Andhra Pradesh. The order pertains to additional scope of work for the design, development, integration, and deployment of an AI-Enabled Skill & Employment Enhancement Platform under the 'Naipunyam' Unified Skill Development Portal.The engagement encompasses the development and integration of several AI-powered modules within the existing Naipunyam platform. These include automated resume generation, conversational discovery for skill training, personalized assessment discovery, automated job scraping...

City Union Bank Announces Change in Senior Management City Union Bank Limited announced a change in its senior leadership on March 31, 2026. Kalyanaraman M, the current Chief Risk Officer (CRO), has demitted office due to superannuation, effective March 31, 2026.This announcement follows the bank's previous communication on March 23, 2026, regarding the appointment of Venkatakrishnan S as the new CRO for a period of two years, starting April 1, 2026.Below is a summary of the management change:DescriptionDetailsNameKalyanaraman MReason for ChangeSuperannuationDate of CessationMarch 31, 2026Brief ProfileN.A.Disclosure of Relationship with DirectorsN.A.Venkataramanan S, Company Secretary & Compliance Officer...

Electrotherm (India) Ltd. Receives Income Tax Assessment Order and Demand Notice Electrotherm (India) Limited announced receipt of an Assessment Order under Section 147 and a Demand Notice under Section 156 of the Income Tax Act, 1961, from the Office of the Deputy Commissioner of Income Tax, Ahmedabad. The notices pertain to the assessment year 2019-20.According to a filing, the assessment order and demand notice, dated March 28, 2026, were accessed from the Income Tax Portal on March 31, 2026. The total income tax demand amounts to Rs. 3,95,69,330, comprising a net tax liability of Rs. 1,77,74,570 and an interest liability of Rs. 2,17,94,760.The company intends to seek legal counsel to file an appeal against the order with the...

Cosmic CRF Ltd. Subsidiary Bags Purchase Orders Worth ₹3,135.85 Lakhs Cosmic CRF Ltd. announced that its subsidiary, M/s. N. S. Engineering Projects Private Limited, has received purchase orders totaling ₹3,135.85 Lakhs from various infrastructure companies.The orders, received on March 31, 2026, are comprised of three separate contracts. The first order, valued at ₹1522.20 Lakhs, has a completion period of six months. A second order, valued at ₹1056.10 Lakhs, is to be completed within one month. The third order, valued at ₹557.55 Lakhs, also carries a one-month completion timeline.The following table summarizes the details of the purchase orders:ParticularsGross Order Value (Inclusive of GST) Rs. in LakhsPeriod Completion...

Dhunseri Tea & Industries Ltd. Completes Sale of Baliian (North) Tea Estate Dhunseri Tea & Industries Ltd. announced the completion of the sale of its Baliian (North) Tea Estate to M/s. Balijan Tea Estate Company on March 31, 2026.A "Deed of Assignment" formalizing the transaction was executed on the same date. The company has also transferred possession of the tea estate to the buyer. The stock code for Dhunseri Tea & Industries Ltd. is 538902 on the BSE and DTIL on the National Stock Exchange.Source:

Harish Textile Engineers Ltd. Receives Income Tax Notice Harish Textile Engineers Limited received a notice under Section 148A(1) of the Income-tax Act, 1961 from the Office of the Assistant Commissioner of Income Tax, Circle 2(1)(1), Mumbai, dated March 30, 2026, pertaining to Assessment Year 2021-22 (Financial Year 2020-21).The notice stemmed from information received from the Directorate General of GST Intelligence (DGGI), Surat Zonal Unit, which flagged observations related to GST compliance from January 2021 to March 2021. The Income Tax Department is examining whether any income chargeable to tax escaped assessment for the Assessment Year 2021-22.The company is directed to submit a response with supporting documents through...

Eris Lifesciences Completes Acquisition of Velbiom Probiotics’ Business Eris Lifesciences Limited announced the completion of its acquisition of the probiotics business of Velbiom Probiotics Private Limited. The transaction achieved closure on March 31, 2026, following an initial notification provided on March 20, 2026. The acquisition details were previously outlined in the earlier notification. Milind Talegaonkar, Company Secretary & Compliance Officer, confirmed the completion.Source:

Cupid Limited Announces Strongest Quarter, Forecasts Revenue of ₹600 Cr in FY27 Mumbai, March 31, 2026 (BSE: 530843 | NSE: CUPID) – Cupid Limited, a premier manufacturer of male and female condoms, water-based personal lubricants, and In Vitro Diagnostics (IVD) kits, announced its strongest quarterly performance in the company’s history. The company is set to surpass its FY26 annual guidance of ₹335 crore in revenue and ₹100 crore in net profit.Cupid Limited indicated expectations of achieving revenue of at least ₹600 crore in FY27 and a net profit margin in excess of 30%.The company cited robust growth across key business segments, strong execution, improving operating leverage, and sustained demand momentum as drivers of the...

Ramkrishna Forgings Commences Commercial Production of Horizontal Casting Line Ramkrishna Forgings Ltd. announced the commencement of commercial production for its Horizontal Casting Line, "DISA FLEX 80," on March 31, 2026. The new line, located at the company’s PLANT VIII in Jharkhand, has a production capacity of 28,800 metric tonnes per annum.The company stated the casting line is designed to meet quality standards and customer requirements. The total investment for the expansion amounts to Rs. 249.00 Crores, financed through a mix of debt and internal accruals.According to a company statement, the expansion is intended to broaden Ramkrishna Forgings' product offerings in the automotive casting sector, allowing the company to...

Manali Petrochemicals Receives Madras High Court Order Regarding Labor Dispute Manali Petrochemicals Ltd. announced on March 31, 2026, that the Hon'ble Madras High Court has issued a common order disposing of Writ Petitions (W.P. Nos. 5850, 5851 of 2016 and 2731 of 2023). These petitions were previously filed by the company challenging awards passed by the Industrial Tribunal, Chennai in I.D. Nos. 35 of 2006 and 51 of 2004, concerning wage revision and service conditions for workmen.The company is currently evaluating the financial and legal implications of the court’s order in consultation with legal counsel and will take appropriate steps as advised. Manali Petrochemicals stated that it will update the stock exchanges on any further...

Advait Energy Transitions Ltd. Secures Battery Energy Storage System Project in Gujarat Advait Energy Transitions Ltd. has received a Letter of Intent from Gujarat Urja Vikas Nigam Limited (GUVNL) to establish 150MW/300MWh standalone Battery Energy Storage Systems (BESS) in Gujarat. The project will be executed under a Tariff-Based competitive bidding process (Phase-VIII), featuring Viability Gap Funding supported through PSDF and E-RA.The contract involves setting up the BESS projects within a domestic context. The execution period is 18 months from the date of the Battery Energy Storage Purchase Agreement. The project’s broad consideration is Rs 2,10,000 per MW per month, inclusive of taxes.According to company disclosures...

Kitex Garments Limited Invests ₹171.23 Crores in Subsidiary Kitex Apparel Parks Limited Kitex Garments Limited, along with Kitex Childrenswear Limited, has invested an additional ₹171.23 Crores in Kitex Apparel Parks Limited, a subsidiary company. Of the total investment, 70% was contributed by Kitex Garments Limited.Kitex Apparel Parks Limited, incorporated in India on November 18, 2021, has a paid-up capital of ₹601,79,00,000. The company’s turnover from business operations was nil until fiscal year 2024-25, as it commenced business operations in fiscal year 2025-26. The company is engaged in the establishment and operation of a textile manufacturing facility producing yarn, fabrics, and garments including children's wear.The...

AvenuesAI Subsidiary Rediff.com India Limited Files Pre-Draft Red Herring Prospectus for Proposed IPO AvenuesAI Limited announced that its subsidiary, Rediff.com India Limited, has filed a Pre-Filed Draft Red Herring Prospectus (Pre-DRHP) with the Securities and Exchange Board of India, the BSE Limited, and the National Stock Exchange of India Limited. This filing pertains to a proposed initial public offering (IPO) of Rediff’s Equity Shares under Chapter IIA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Stock trading guideThe IPO is planned for the main board of the BSE Limited and the National Stock Exchange of India Limited. AvenuesAI Limited noted that the filing of...