Markets

Span Divergent Ltd. Allots Shares on Preferential Basis Span Divergent Ltd. announced the allotment of 18,01,481 equity shares on a preferential basis to Mr. Neev Nirav Jogani. The decision follows a board meeting held on January 23, 2026, and shareholder approval at an Extraordinary General Meeting on February 20, 2026.The company allotted the shares at an issue price of Rs. 32.16 per share, including a premium of Rs. 22.16. Mr. Jogani paid a total of Rs. 5,79,35,628.96 for the allotment.The company’s paid-up equity share capital before and after the allotment is detailed below:ParticularsNumber of Equity SharesAmount (In Rs.)Pre-allotment paid up share capital54,61,7475,46,17,470Post-allotment paid up share...

Engineers India Limited Announces Changes to Board of Directors Engineers India Limited announced changes to its Board of Directors, effective March 28, 2026. The changes are a result of the completion of tenure for several Non-official Independent Directors, as per a letter from the Ministry of Petroleum & Natural Gas, Government of India, dated March 28, 2025.According to the notification, the following directors have completed their tenures and have ceased to be part of the Board:S. No.NameDINDesignationReason of Change1Shri Deepak Mhaskey09396329Non-official Independent DirectorTenure Completion2Smt. Karuna Gopal Vartakavi05304803Non-official Independent DirectorTenure CompletionThe changes are for the information...

GAIL (India) Limited Announces Departure of Independent Directors New Delhi – GAIL (India) Limited announced on March 28, 2026, that the tenures of four Independent Directors have concluded. The directors, appointed by the Ministry of Petroleum & Natural Gas (MoP&NG), Government of India, ceased their roles on the company’s Board effective March 28, 2026.The departing directors are Akhilesh Jain, Sanjay Kashyap, Kangabam Inaocha Devi, and Yajurvendra Anil Mahajan. Their tenures concluded on March 27, 2026.This announcement is made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source:

Moschip Technologies Limited Receives Approval for Amalgamation Scheme Moschip Technologies Limited announced on March 28, 2026, that the Hon’ble NCLT, Hyderabad Bench, has approved the Scheme of Amalgamation of Softnautics Private Limited and Softnautics Inc (wholly owned subsidiaries) with Moschip Technologies Limited, effective from an appointed date of April 4, 2025.The amalgamation is pursuant to Sections 230-232 read with Section 234 of the Companies Act, 2013. The decision follows a disclosure under regulation 30, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, made on April 8, 2025.Scheme Details The scheme involves the amalgamation of Softnautics Inc. (a company incorporated in...

Indian Oil Corporation Limited Announces Departure of Independent Directors Indian Oil Corporation Limited announced on March 28, 2026, that three Independent Directors have concluded their tenures and have ceased to serve on the company's board, effective the same date.The departing directors are Shri Prasenjit Biswas (DIN - 09398565), Shri Krishnan Sadagopan (DIN - 09397902), and Dr. Dattatreya Rao Sirpurker (DIN - 09400251).The changes were made in accordance with Regulation 30 read with Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.Source:

Balmer Lawrie & Company Limited Announces Director Departures Balmer Lawrie & Company Limited announced the cessation of directorships for two independent directors, effective March 28, 2026. Shri Harishkumar Madhusudan Joshi (DIN: 01201050) and Dr. Vandana Minda Heda (DIN: 09402294) have both stepped down from their roles as Non-Executive Directors, Independent Directors, due to the completion of their tenures.The appointments of Joshi and Heda were initially approved by shareholders on September 25, 2025, for a one-year term beginning March 28, 2025, or until further order from the Ministry of Petroleum & Natural Gas, Government of India.Details regarding the director changes are provided in Annexure-A:SI No.ParticularsDetails...

Uno Minda Subsidiary Faces Customs Order, Plans Appeal Uno Minda Limited announced that its subsidiary, Minda Westport Technologies Limited (MWTL), has received a customs order related to the classification of imported components. The order, received on March 27, 2026, concerns the CTH/HSN misclassification of components used in manufacturing vehicle CNG systems.According to the order, MWTL is being requested to pay a total of Rs. 51,13,58,188, comprised of Rs. 25,56,79,094 in tax and Rs. 25,56,79,094 in penalties.MWTL has stated that it disagrees with the findings in the order and intends to file an appeal. The company anticipates no material impact on its financial, operational, or other activities as a result of this matter. The...

Sasken Technologies Limited Receives Order Regarding GST Dispute Sasken Technologies Limited announced receipt of an order from the Office of the Superintendent of GST & Central Excise, Range V, Perungudi Division, Chennai South Commissionerate, concerning a tax dispute. The order, received March 27, 2026, relates to the period April 2019 to March 2024 and involves an Order-in-Original under Section 74(9) of the CGST/TNGST Act, 2017.The order details alleged violations including an excess refund claim of 13,91,177, non-reversal of Input Tax Credit (ITC) on credit notes issued totaling 5,10,996, and excess ITC availed in GSTR-3B returns compared to available ITC in GSTR-2A/2B amounting to 20,774.Here's a summary of the order details...

Bharat Heavy Electricals Limited Announces Departure of Independent Directors Bharat Heavy Electricals Limited (BHEL) confirmed the completion of tenure for two Independent Directors on its Board. Ashok Kumar Aseri (DIN: 09405164) and Aashish Chaturvedi (DIN: 00534621) have concluded their terms as Part-time Non-Official (Independent) Directors, effective March 27, 2026. The announcement fulfills requirements stipulated by the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dr. Yogesh R Chhabra, Company Secretary, made the confirmation on behalf of BHEL.Source:

Torrent Power Receives Demand Order for ₹94.71 Crs from Tax Authorities Torrent Power Limited announced it received a demand order from the Office of the Additional Commissioner, Agra, Lucknow, CBIC, Uttar Pradesh, on March 27, 2026. The order, referencing a previous order dated March 25, 2026, from the Office of The Principal Commissioner, CGST & Excise, Agra, pertains to a demand of ₹94.71 Crs in CGST & SGST for the period from April 2019 to September 2024. This demand is related to GST on rent on immovable properties and incidental services. A penalty of a similar amount, totaling ₹94.71 Crs, was also imposed.The breakdown of the demand is detailed below:ParticularsDetailsCGST₹47,35,55,749SGST₹47,35,55,749Total (CGST &...

Mphasis Limited Addresses Board Composition and Compliance Concerns Mphasis Limited addressed concerns regarding compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following notices received from the stock exchanges on February 27, 2026. The matter was reviewed by the Board of Directors at a meeting held on March 27, 2026.The Board noted that careful consideration was required for the selection and appointment of a Chairperson, given the role's demands for competence, skill, experience, and seniority. During the period from December 11, 2025, to January 6, 2026, no Board meetings were convened, and a Chairperson was appointed on January 7, 2026, with the first subsequent meeting held on January...

Oil India Limited Announces Changes to its Board of Directors Noida, India – March 28, 2026 – Oil India Limited announced changes to its board of directors today, following a directive from the Ministry of Petroleum & Natural Gas (MoP&NG).Effective March 28, 2026, Balram Nandwani (DIN: 00356119), Raju Revanakar (DIN: 09398201), and Pooja Suri (DIN: 03077515) have ceased to serve as Independent Directors of the company. Their tenures concluded on March 27, 2026.Additionally, Pooja Suri has also stepped down from her role as an Independent Director of Numaligarh Refinery Limited, a subsidiary of Oil India Limited. This change is directly linked to the co-terminus nature of the position with her tenure on the Oil India Limited board...

Bharat Petroleum Corporation Limited Announces Changes in Board of Directors Bharat Petroleum Corporation Limited announced changes to its board of directors, effective March 28, 2026. The changes follow the completion of tenure for several directors.Shri Pradeep Vishambhar Agrawal, Shri Gopal Krishan Agarwal, and Prof. Bhagwati Prasad Saraswat, all serving as Independent Directors, have ceased to be directors of the company.The company's stock trades on the Bombay Stock Exchange under Scrip Code 500547 and on the National Stock Exchange under Symbol BPCL.Source:

Coal India Limited Announces Departure of Independent Directors Coal India Limited announced on March 28, 2026, that four Independent Directors have concluded their tenures and have ceased to be directors of the company, effective March 28, 2026.The departing directors are: CA Kamesh Kant Acharya (DIN- 09386642), Shri Punambhai Kalabhai Makwana (DIN- 09385881), Shri Bhojarajan Rajeshchander (DIN- 02065422), and Smt. Mamta Palariya (DIN- 07749007).Below is a summary of the director changes:NameDINReason for CessationDate of CessationCA Kamesh Kant Acharya09386642Completion of tenure28.03.2026Shri Punambhai Kalabhai Makwana09385881Completion of tenure28.03.2026Shri Bhojarajan Rajeshchander02065422Completion of...

Swan Defence and Heavy Industries Completes Repayment to Committee of Creditors Swan Defence and Heavy Industries Limited (formerly Reliance Naval and Engineering Limited) announced the full and final repayment to its Committee of Creditors (CoC) on March 27, 2026. The repayment follows the National Company Law Tribunal (NCLT) Order dated December 23, 2022, and is in accordance with the Resolution Plan.Priti P. Dave, Company Secretary & Compliance Officer, made the announcement. The company's BSE Scrip Code is 533107, and its NSE Symbol is SWANDEF.Source:

Coforge Limited Receives Reservation of Order for Scheme of Amalgamation with Cigniti Technologies Limited Coforge Limited announced on March 28, 2026, that the National Company Law Tribunal (NCLT) has reserved its order for formal pronouncement concerning the proposed Scheme of Amalgamation with Cigniti Technologies Limited. This follows prior disclosures made on December 27, 2024, July 18, 2025, August 07, 2025, October 18, 2025, November 04, 2025, November 06, 2025, December 06, 2025, December 08, 2025, and January 28, 2026, regarding the amalgamation plan.The Scheme involves the amalgamation of Cigniti Technologies Limited with and into Coforge Limited, impacting both companies’ shareholders and creditors. Statutory Authorities...

Coforge Ltd. Schedules Board Meeting to Review Financial Results and Consider Interim Dividend Coforge Ltd. announced that its Board of Directors will meet on Tuesday, May 5, 2026, to review the audited consolidated and standalone financial results for the quarter and year ended March 31, 2026. The board will also consider a proposal for the payment of an interim dividend for the financial year 2025-26 and determine the record date if approved.The company further stated that a conference call with analysts and institutional investors is scheduled for May 5, 2026, tentatively at 5:15 PM (IST). Details of the call will be posted on Coforge’s website at www.coforge.com, and a transcript will be shared with the stock exchanges.Trading...

Windsor Machines Limited Allots Equity Shares Upon Conversion of Warrants Windsor Machines Limited announced the allotment of 7,00,000 equity shares following the conversion of an equal number of equity warrants. The Board of Directors approved the allotment on Friday, March 27, 2026, with an issue price of ₹ 191.85 per share, including a premium of ₹ 189.85. The conversion involved a receipt of ₹ 10,07,21,250.00 from the allottee, who belongs to the Promoter Group Category. The allottee exercised their rights of conversion in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.The allottee, Mr. Rameshbhai Keshubhai Siyani, held 52,12,405 warrants prior to the...

Aegis Vopak Terminals Limited Enters Agreement for Sale of Equity Stake in Subsidiary Aegis Vopak Terminals Limited announced on March 27, 2026, that it has entered into Share Purchase Agreements (SPA 1, SPA 2) and a Shareholders' Agreement with Aegis Terminal (Pipavav) Limited (ATPL), its subsidiary, and Itochu Corporation.The agreements pertain to the sale of a 10% equity stake, representing 5,000 equity shares with a face value of INR 10 each, of ATPL to Itochu Corporation. The total consideration for the stake is INR 80,32,00,000. Following the transaction, Aegis Vopak Terminals Limited will continue to hold 86% equity stake in ATPL.Key terms of the agreement include indemnification by Aegis Vopak Terminals Limited to Itochu...

Reliance Communications Limited Offices Searched by Central Bureau of Investigation Reliance Communications Limited (RCOM) confirmed that officials from the Central Bureau of Investigation (CBI) conducted a search and seizure operation at the office premises of Reliance Telecom Limited (RTL), a wholly owned subsidiary of RCOM, on March 26, 2026. The search took place at the RTL office located in Dhirubhai Ambani Knowledge City, Navi Mumbai.During the search, CBI officials seized original and copied letters exchanged between RTL/RCOM and banks and financial institutions, related to credit facilities, term loans, and working capital limits. Seized documents also included due diligence reports, end-use certificates, banking...