Markets

Emami Ltd. to Acquire Remaining Stake in Axiom Ayurveda Emami Limited announced on March 31, 2026, that its Board of Directors approved the purchase of approximately 73.5% of the paid-up capital of Axiom Ayurveda Private Limited (AAPL), an associate company, from existing shareholders. This acquisition will increase Emami’s ownership in AAPL to 100%, making it a wholly-owned subsidiary.The total consideration for the acquisition is up to Rs. 200 Crores. The transaction is expected to be completed by June 30, 2026.Axiom Ayurveda Private Limited was incorporated on November 14, 2019, in Haryana. The company operates in the Fast Moving Consumer Goods sector, specifically in the healthy beverage segment. It has a registered office in...

HDFC Life Board to Review FY’26 Financial Results on April 16 HDFC Life Insurance Company Limited announced that a meeting of its Board of Directors is scheduled for Thursday, April 16, 2026. The board will consider the audited standalone and consolidated financial results for the quarter and year ending March 31, 2026. Additionally, the board will consider a recommendation for a final dividend, if any, for the financial year ending March 31, 2026.In compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, a trading window will be closed for promoters, designated persons, directors, and their immediate relatives from April 1, 2026, to April 18, 2026, inclusive.Source:

Kamdhenu Ventures Subsidiary Board Approves Right Issue of Shares Kamdhenu Colour and Coatings Limited (KCCL), a wholly-owned subsidiary of Kamdhenu Ventures Limited, announced the approval to issue shares on a rights basis to its existing shareholders. The decision was made at a board meeting held on Tuesday, March 31, 2026.The board authorized the issuance of 3,800 equity shares with a face value of Rs. 10 each, priced at Rs. 36,000 per share. The total amount to be raised through this rights issue is Rs. 13,68,00,000.The rights issue offer letter will be dispatched on March 31, 2026, and the offer will be open for subscription from April 4, 2026, to April 10, 2026, inclusive.The Investment committee of Kamdhenu Ventures Limited...

PNC Infratech Limited Announces Resignation of CFO PNC Infratech Limited announced on March 31, 2026, that Devendra Kumar Agarwal has resigned from his position as Chief Financial Officer (CFO) due to health issues. The resignation has been accepted by the Board of Directors and will be effective from the close of business hours on March 31, 2026.According to a regulatory filing, Mr. Agarwal confirmed that there are no material reasons for his resignation beyond those stated in his resignation letter.The company is currently in the process of appointing a new CFO, and further details will be provided to the stock exchanges in due course. Corporate actions calendarDetails of the CFO Change:ParticularsDetailsReason for...

Cera Sanitaryware Limited Receives Demand Order from Andhra Pradesh Authority Cera Sanitaryware Limited announced the receipt of a demand order from the Deputy Commissioner, Gudur, Chittoor, Andhra Pradesh, on March 30, 2026. The order, issued under sections of the CGST Act, 2017 and the Andhra Pradesh GST Act, 2017, pertains to the financial year 2019-2020.The demand order totals Rs. 44,58,234, comprised of Rs. 20,21,225 for taxes and Rs. 24,37,009 for penalties. The authority alleges that Cera Sanitaryware Limited short paid taxes and availed excess Input Tax Credit.Cera Sanitaryware Limited stated that the company does not anticipate a material impact on its financials, operations, or other activities resulting from the order...

Aditya Birla Lifestyle Brands Limited Receives Tax Order Aditya Birla Lifestyle Brands Limited announced that the Additional Commissioner of Central Tax, Bangalore-East Commissionerate, issued an order on March 30, 2026. The order, OIO No- 537/GST/ADC/ED5/2026, is in Form DRC-07 and pertains to the company’s business operations, which were previously part of Aditya Birla Fashion and Retail Limited (ABFRL) following a scheme of arrangement effective May 1, 2025.The order imposes a total demand of ₹ 3,10,13,33,083, which includes ₹ 59,06,52,705 in tax, ₹ 23,80,86,318 in interest, and ₹ 2,27,25,94,060 in penalty. The demand stems from an audit proceeding related to the irregular availment of Input Tax Credit (ITC), interest on reversal...

ICICI Prudential Life Insurance Company Limited Receives Order Regarding Maharashtra GST Appeal ICICI Prudential Life Insurance Company Limited announced on March 31, 2026, that it received an order from the Joint Commissioner of State Tax, Appeals, Maharashtra, concerning an appeal filed against an earlier order passed under the Maharashtra Goods and Service Tax Act, 2017, for fiscal year 2019. The appeal petition was partially allowed in favor of the company and partially upholding the tax demand.The tax demand stemmed from reasons including the reversal of input tax credit, a mismatch in Input Tax Credit (ITC) claimed in GSTR-3B, GSTR-2A and GSTR-9, and non-payment of tax on the sale of fixed assets.The financial implications...

Akme Fintrade (India) Limited Secures Term Loan of Rs. 80 Million Akme Fintrade (India) Limited has received sanction for a term loan of Rs. 8,00,00,000 from MAS Financial Services Limited. The loan amount, equivalent to Rupees Eight Crores, was formally sanctioned as of March 31, 2026.Manoj Kumar Choubisa, Company Secretary and Compliance Officer (M. No.: A66176), provided the notification.Source:

Shanti Gold International Limited Revises Incorporation Timeline for Dubai Subsidiary Shanti Gold International Limited announced a revision to the timeline for the incorporation of its wholly-owned subsidiary in Dubai, United Arab Emirates (UAE). The expected date of incorporation has been revised to June 30, 2026, from the previously stated March 31, 2026.The delay is attributed to ongoing geopolitical tensions and conflict in the region. These conditions have caused disruptions to normal business operations and have resulted in delays in obtaining necessary approvals, documentation verification, and the issuance of licenses. Coordination with local authorities and service providers has also been impacted by reduced operational...

Apollo Pipes Limited Postpones Commercial Operations at Mirzapur Plant Apollo Pipes Limited announced a postponement in the commencement of commercial operations at its new manufacturing plant located in Mirzapur, near Varanasi, Uttar Pradesh. The update follows previous notifications on May 20, 2024, May 10, 2025, and January 29, 2026.The company now anticipates the start of commercial production towards the end of April 2026, contingent on achieving operational readiness.Gourab Kumar Nayak, Company Secretary and Compliance Officer, conveyed the information.Source:

Supreme Infrastructure India Limited Allots Equity Shares Upon Warrants Conversion Supreme Infrastructure India Limited announced that its Board of Directors approved the allotment of 7,67,000 equity shares to Mr. Vikas Vijaykumar Khemani following the exercise of his right to convert an equal number of warrants. The allotment was finalized at a meeting held on March 31, 2026.Mr. Khemani received the shares upon payment of a total of Rs. 5,00,12,235, equivalent to Rs. 65.205 per warrant, representing 75% of the warrant exercise price of Rs. 86.94 per warrant. The allotted shares rank pari passu with existing equity shares.As a result of this conversion, the company's issued, subscribed, and paid-up equity share capital has...

Rathi Steel & Power Ltd. Receives Demand Order from State Tax Authority Rathi Steel & Power Ltd. announced that it received a demand order from the Office of the Deputy Commissioner, State Tax, SGST, Sector -11, Ghaziabad, Uttar Pradesh, dated March 30, 2026. The order pertains to Section 74 of the CGST / SGST Act, 2017, and includes a demand for INR 3,06,07,072 along with a penalty of a similar amount and applicable interest.The company refutes the allegations, stating that the demand is not maintainable and that it will pursue appropriate legal remedies. Management does not anticipate a material impact on the company's financial, operational, or other activities as a result of this order.Details of the Demand Order...

Adani Enterprises Establishes Metals and Minerals Subsidiary in UAE Adani Enterprises Ltd. announced the incorporation of a new wholly-owned subsidiary, ADANI METALS AND MINERALS FZCO ('AMAMF'), in the UAE on March 31, 2026. The confirmation of incorporation was received at 02:28 PM IST.AMAMF is a step-down wholly-owned subsidiary of Adani Global FZE, which itself is a wholly-owned subsidiary of Adani Enterprises. The newly formed entity will be engaged in the trading of Pearls and Precious Stones, Jewelry, Non manufactured precious metal, Scrap and waste Metal, Metal ores, and basis non ferrous metal.The company was incorporated with a capital of AED 50,000, comprised of 50 shares valued at AED 1000 each, subscribed at a price of...

Panacea Biotec Receives Demand Order for ₹22.88 Crore Panacea Biotec Limited announced it received a Demand Order dated March 30, 2026, from the Office of the Joint Commissioner, Central Goods & Services Tax (CGST) Sub-Commissionerate Mohali, Chandigarh. The demand aggregates to approximately ₹22.88 crore, encompassing ₹11.44 crore for alleged non-payment of Goods and Services Tax and ₹11.44 crore in penalties.The demand stems from a previous Show Cause Notice received on September 27, 2025, concerning the alleged non-payment of GST on a corporate guarantee of ₹864 crore provided for 1,074 days, from April 6, 2019, to March 15, 2022. The company filed a writ petition with the Punjab & Haryana High Court in November 2025, which has...

NCC Limited Secures New Orders Worth Rs. 2469.53 Crore in March 2026 NCC Limited announced the receipt of five new orders totaling Rs. 2469.53 Crore (excluding GST) during March 2026. The new order intake reflects continued business momentum across several divisions of the company.The awarded projects are segmented across the Water, Buildings, and Transportation divisions, contributing Rs. 1291.9 Crore, Rs. 793.48 Crore, and Rs. 384.15 Crore respectively.DivisionOrder Value (Rs. Crore)Water1291.9Buildings793.48Transportation384.15Total2469.53These orders represent standard business activities and do not involve any internal orders. Additionally, the company confirmed that the Promoters, Promoter Group, or Group...

Kamdhenu Ventures Limited Appoints Rohit as Company Secretary and Key Managerial Personnel Kamdhenu Ventures Limited announced the appointment of Mr. Rohit as Company Secretary and Key Managerial Personnel for its wholly-owned subsidiary, Kamdhenu Colour and Coatings Limited (KCCL), effective April 1, 2026. The appointment was approved unanimously by the KCCL’s Board of Directors during a meeting held on March 31, 2026, on the recommendation of the Nomination and Remuneration Committee and Board of Directors of Kamdhenu Ventures Limited.Mr. Rohit, who currently serves as Company Secretary and Compliance Officer of Kamdhenu Ventures Limited, will hold the position with effect from April 1, 2026. He is a member of the Institute of...

NGEL Signs MoU with PTC India Limited for Renewable Energy Collaboration NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, announced on March 31, 2026, that it has signed a Memorandum of Understanding (MoU) with PTC India Limited.The agreement explores potential collaborations for the sale of Renewable Energy (RE) power through bilateral arrangements and other market mechanisms. The MoU was signed by Sarit Maheshwari, CEO (NGEL), and Dr. Manoj Kumar Jhawar, CMD (PTC) India Limited, in a ceremony attended by senior officials from both organizations.Source:

Banco Products (India) Limited Announces Resignation of Whole-time Director and CTO Banco Products (India) Limited announced that Mr. Venkata Ranganath Kumar Sami has resigned from his position as Whole-time Director (Innovations) & Chief Technical Officer (CTO), effective March 31, 2026, following the close of business hours. The resignation is due to personal reasons.Mr. Sami’s resignation letter was submitted on January 2, 2026, and includes a notice period of three months, culminating in his last working day on March 31, 2026.The following table details the changes:ParticularsDetailsReason for ChangeResignation as Whole-time Director (Innovations) & Chief Technical Officer (CTO)Date of Cessationw.e.f. March 31, 2026...

Presstonic Engineering Limited Secures Order from Alto-Shaam Inc. Presstonic Engineering Limited announced on March 31, 2026, that it has secured an order from Alto-Shaam Inc., USA. The order, received on the same date, represents a strategic diversification for the company beyond its core Metro and Railway business segments.The order for commercial kitchen accessories carries a value of USD 384,144.30, equivalent to INR 3,61,41,640. The contract involves export of the products, under purchase order number ASI-AGMT-0474.This achievement is viewed as a key milestone in the company’s expansion into new industry verticals, strengthening its order book and highlighting its ability to identify and capitalize on new opportunities...

Maruti Suzuki India Limited Receives Adjudication Order from Haryana GST Authority Maruti Suzuki India Limited (MSIL) announced it has received an Adjudication Order from the Haryana GST Authority. The order pertains to a tax demand related to Tax Credit Notes for the period April 2019 to March 2024.The Haryana GST Department confirmed a tax demand of Rs. 384.17 million, along with applicable interest, and a penalty of Rs. 384.17 million. MSIL intends to file an appeal against the order to the first appellate authority.According to the company, the Adjudication Order is not expected to have a major impact on its financial, operational, or other activities. The order was received on March 31, 2026.DetailInformation...