Markets

Jindal Steel Ltd. Announces Directorate Changes Jindal Steel Ltd. announced several changes to its board of directors on March 27, 2026. The company appointed Mr. Debojyoti Roy as an Additional Director and Wholetime Director for a three-year term, pending shareholder approval. Mr. Damodar Mittal was also reappointed as a Wholetime Director for a further three-year term, also subject to shareholder approval.Concurrently, Mr. Sabyasachi Bandyopadhyay stepped down from his role as a Whole-time Director and Director with effect from the close of business hours on March 27, 2026, upon completion of his tenure.Mr. Debojyoti Roy brings approximately 27 years of experience, previously serving as Chief - Corporate Strategy & Planning at...

The Bombay Burmah Trading Corporation Ltd. Sells Tea Plantations for ₹120 Crores The Bombay Burmah Trading Corporation Limited announced the sale of its Tea Plantations (Dunsandle Estate) located in Village Sholur, Taluka - Udhagamandalam, District - Nilgiris. The transaction involved an Asset Purchase Agreement executed on March 27, 2026, with a total consideration of ₹1,20,00,00,000 (Rupees One hundred and twenty crores). As of the announcement date, ₹110 Crores has been received, with the remaining balance to be received as per the agreement.The buyers involved in the transaction are Mr. Rangasamy S/o Kanthasamy Gounder, Mrs. Rathinambal W/o. Rangasamy, Mr. Durai Arun S/o. Rangasamy, Mr. Saran S/o. Rangasamy, and Poomex Clothing...

Tamilnad Mercantile Bank to Open Three New Branches on March 30, 2026 Tamilnad Mercantile Bank Limited announced plans to expand its network with the opening of three new branches on March 30, 2026. The new branches will be located in Ballari, Karnataka; Anand, Gujarat; and Pandalkudi, Tamil Nadu.Branch Details:Name of the BranchAddress of the BranchDate of OpeningBallariSri Basawa Square, Gandhi Nagar 2nd Cross, Ballari, Karnataka -583 10130.03.2026AnandS.No.2739, T.P.No.2, Plot No.417, Shop No.G/4,G/5,G/6,Ground Floor 'Radhasoami Sulay' Opp to Fire Station Sardar Gunj, Baliyadev Chowkdi,Vyayam Shala Road Anand, Gujarat - 388 00130.03.2026PandalkudiNo.8/139 A3, Sooranayakkanpatti Street, Pandalkudi, Aruppukottai Taluk...

The Bombay Burmah Trading Corporation Limited Sells Tea Plantations for ₹120 Crores The Bombay Burmah Trading Corporation Limited announced the sale of its Tea Plantations (Dunsandle Estate) located in Village Sholur, Taluka Udhagamandalam, District Nilgiris. The transaction was executed through an Asset Purchase Agreement with multiple buyers for a total consideration of ₹1,20,00,00,000 (Rupees One hundred and twenty crores).As of the date of the agreement, ₹110 Crores has been received, with the remaining consideration expected according to the terms of the agreement.The buyers involved in the transaction are Mr. Rangasamy S/o Kanthasamy Gounder, Mrs. Rathinambal W/o. Rangasamy, Mr. Durai Arun S/o. Rangasamy, Mr. Saran S/o...

Saatvik Green Energy Limited Subsidiary Secures INR 14.48 Crore Order for Solar PV Modules Mumbai, India – March 27, 2026 – Saatvik Green Energy Limited announced today that its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order valued at INR 14.48 Crores from a domestic Independent Power Producer/Engineering, Procurement, and Construction (EPC) player. The order is for the supply of Solar PV Modules.The order, awarded to Saatvik Solar Industries Private Limited, will be executed by March 2026. The commercial consideration for the order aggregates to INR 14.48 Crores.According to details released, the order is of a commercial nature and does not involve any related party transactions...

Aequs Limited Completes Acquisition of Stake in Aequs Foundation Aequs Limited announced the completion of its acquisition of a 50% stake in Aequs Foundation. The acquisition, initially disclosed on February 23, 2026, involved the purchase of 1,000 equity shares from Hubballi Durable Goods Cluster Private Limited through a secondary transaction.The acquired shares represent 50% of the total share capital of Aequs Foundation, with each share carrying a face value of 10 Indian Rupees. The total consideration for the acquisition amounted to 10,000 Indian Rupees. The transfer of the equity shares to Aequs Limited was finalized today.Further details regarding the acquisition are available on the company’s website at...

Crompton Greaves Consumer Electricals Receives Income Tax Demand Notice Crompton Greaves Consumer Electricals Limited announced today, March 27, 2026, that it has received a notice of demand under Section 156 of the Income Tax Act of 1961 from the office of the Assessment Unit, Income Tax Department, Mumbai. The demand totals ₹42,60,90,820, comprising ₹34,53,31,204 in tax and ₹8,07,59,616 in interest for the Assessment Year 2024-25.The demand is related to disallowances including ESOP expenses, provisions against warranty and after-sales service expenses, depreciation on intangible assets, and payments to non-filers of income tax returns.The company anticipates a favorable outcome at the Appellate level and plans to file an appeal...

Marathon Nextgen Realty Ltd. Invests in Multiple Projects Through Subsidiary Marathon Nextgen Realty Ltd. announced that its wholly-owned subsidiary, Nexzone IT Infrastructures Private Limited (NZIT), has acquired a controlling interest in DVK Developers Private Limited (DVK), Shree S S Developers Private Limited (SSSD), and Shree Swami Samarth Builders, a partnership firm (SSSB), for a total investment of Rs. 70.00 Crores.The investment, detailed in filings received by the company on March 27, 2026, is expected to support vertical expansion, business growth, and an improved customer base. The combined gross development value (GDV) of the projects is projected to exceed Rs. 245 Crores, Rs. 385 Crores and Rs. 210 Crores over the life...

Inventurus Knowledge Solutions Limited Completes First Tranche of Investment in Subsidiary Inventurus Knowledge Solutions Limited announced the acquisition of 29,541 shares in its wholly owned subsidiary, Inventurus Knowledge Solutions, Inc. ('IKS Inc.'), on March 27, 2026. This investment represents the first tranche of a larger commitment, totaling USD 19,000,476. The move follows prior board approval for the investment in IKS Inc., as disclosed on March 13, 2026.The acquisition was made in accordance with the provisions of Regulation 30(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source:

Manorama Industries Receives Credit Rating Upgrade Manorama Industries Limited announced on March 27, 2026, that Care Edge Ratings has upgraded the ratings for its bank loan facilities. The upgrade reflects a positive assessment of the company’s financial health and performance.The ratings summary is detailed below:Facilities/InstrumentsAmount (Rs. in Crore)RatingRating ActionLong term bank facilities577.90 (Enhanced from 492.90)CARE A+; StableUpgraded from CARE A; StableLong term / Shortterm bank facilities105.00 (Enhanced from 10.00)CARE A+; Stable CARE Al+LT rating and Stable outlook assigned and ST rating upgraded from CARE AlFurther details regarding the ratings are available on the company’s website at...

Sobhagya Mercantile Ltd. Allots Equity Shares Following Warrant Conversion Sobhagya Mercantile Limited announced the allotment of 1,048,500 equity shares on March 27, 2026, resulting from the conversion of convertible warrants. The allotment was made to non-promoter entities.The company received Rs. 53,04,02,073.75 from the conversion. The exercise price for the warrants was Rs. 505.8675 per warrant, resulting in an issue price of Rs. 674.49 per equity share.Warrant Conversion DetailsInvestorCategoryWarrants Allotted (March 11, 2024)Equity Shares Allotted (March 27, 2026)LEGENDS GLOBAL OPPORTUNITIES (SINGAPORE) PTE. LIMITEDNon-Promoter6,50,5006,50,500VENUS INVESTMENTS VCC-VENUS STELLAR FUNDNon-Promoter3,98,0003,98,000...

Shemaroo Entertainment Ltd. Allots Shares in Preferential Issue Shemaroo Entertainment Ltd. announced on March 27, 2026, the allotment of equity shares through a preferential issue. The company’s Preferential Issue Committee approved the allotment of 14,10,000 equity shares at a price of Rs. 110 per share, including a premium of Rs. 100 per share. This transaction aggregates to a total of Rs. 15.51 crores, intended for the repayment/appropriation of existing unsecured debt.The shares were allotted to four promoters and promoter group entities: Atul Hirji Maru, Raman Hirji Maroo, Hiren Uday Gada, and Jai Buddhichand Maroo, each receiving 3,52,500 shares.The company is expected to apply to the stock exchanges for listing and trading...

Polycab India’s Acquisition of Uniglobus Electricals Completed Polycab India Limited announced today, March 27, 2026, the completion of its amalgamation with Uniglobus Electricals and Electronics Private Limited. The move follows the approval of the Scheme of Amalgamation by the National Company Law Tribunal, Ahmedabad Bench, on February 27, 2026.The certified copy of the NCLT order was filed with the respective jurisdictional Registrar of Companies on March 27, 2026, making the Scheme of Amalgamation effective immediately. This brings to fruition the previously disclosed plan, initially announced on February 28, 2026.Source:

Nagarjuna Fertilizers and Chemicals Limited Faces Setback in International Arbitration Dispute Nagarjuna Fertilizers and Chemicals Limited announced on March 27, 2026, that the Hon'ble High Court of Bombay has ruled against the company in enforcement proceedings related to an International Arbitration Award issued in September 2016. The award pertains to matters involving M/s. Trammo DMCo and alleged contracts for fertilizer purchases.The company maintains that the Arbitration Award was obtained based on manipulated documents and misrepresentation of facts by the supplier. Nagarjuna Fertilizers had previously filed a Criminal Complaint against the supplier and its officials and has been contesting the enforcement of the award in the...

Century Enka Limited to Acquire Additional Shares in ABREL Century Energy Limited Century Enka Limited announced on March 27, 2026, that it has applied for an additional 37,96,086 equity shares of ABREL Century Energy Limited (ABRELCEL), a Special Purpose Vehicle (SPV). The acquisition is being pursued through a rights issue.The move aims to maintain a minimum 26% equity shareholding in ABRELCEL, fulfilling the requirements of the Electricity Act, 2003, and Electricity Rules, 2005 to qualify as a Captive User of the Power Producer.ABRELCEL, incorporated on March 10, 2022, operates within the Wind-Solar Hybrid Energy Projects industry, with a turnover of Rs. 1,949.10 Lakhs as of March 31, 2025. The transaction qualifies as a related...

Canara Robeco Schedules Board Meeting to Review FY26 Financial Results Canara Robeco Asset Management Company Ltd. announced that a meeting of its Board of Directors is scheduled for Monday, April 27, 2026. The primary agenda for the meeting is to consider and approve the audited standalone financial results for the quarter and year ended March 31, 2026.In accordance with the SEBI (Prohibition of Insider Trading) Regulations, the trading window for the company’s securities will be closed starting Wednesday, April 1, 2026. The trading window will remain closed until the declaration of the financial results and for two days thereafter, affecting designated and connected persons, along with their immediate relatives.The company’s stock...

Latent View Analytics Schedules Meetings with ICICI Securities and Prabhudas Lilladher Latent View Analytics Limited announced it will hold one-on-one meetings with ICICI Securities Ltd. and Prabhudas Lilladher Pvt. Ltd. on March 27, 2026. The discussions will focus on industry and company-specific developments already in the public domain. The meetings will be conducted virtually. According to the company, no unpublished price-sensitive information was shared during the meetings.DateAnalyst/Institutional Investor/ EventDiscussionVenueType of meetingMarch 27, 2026ICICI Securities Ltd. Prabhudas Lilladher Pvt. Ltd.Industry/Company- specific developments already in the public domainVirtualOne-on-oneSource:

Symphony Ltd. Announces Departure of Executive Director and Group CEO Symphony Ltd. announced that Amit Kumar’s resignation as Executive Director and Group CEO will be effective from the close of business hours on March 27, 2026. This follows a previous notification on January 28, 2026, regarding Kumar’s intention to resign.Kumar’s resignation letter, which details his reasons for leaving to pursue other interests and opportunities, is available as an attachment. As a result of his departure from the Board, Kumar will also cease to hold membership in the Risk Management Committee, effective immediately.In his resignation letter, Kumar expressed gratitude to CMD Achalbhai, MD Corporate Affairs Nrupeshbhai, and the Board for their...

PNG Jewellers Expands Retail Presence with New Store in Varanasi Varanasi, March 27, 2026 – PNG Jewellers, a leading national jewellery brand in India, has launched a new store in Varanasi, Uttar Pradesh, expanding its retail footprint in Central India. The new store, located on Sigra Chauraha Road, marks the 76th overall store for PNG Jewellers and its fourth location in Uttar Pradesh.The grand opening was attended by actress and brand ambassador Madhuri Dixit. The 6,000 sq ft store features a wide selection of gold, diamond, and bridal jewellery, including collections such as Saptam, Katha, Pratha, Eiina, and Polmi.To celebrate the launch, PNG Jewellers introduced limited-period inaugural offers, including a flat 50% discount on...

Automobile Products of India Ltd. Schedules Board Meeting to Finalize Rights Issue Details Automobile Products of India Ltd. announced on March 27, 2026, that a board meeting is scheduled for April 3, 2026. The meeting will focus on approving the Rights Issue Price and related matters pertaining to a previously approved rights issue.The company’s board had previously approved a rights issue on February 9, 2026, to raise up to ₹14,00,000. The rights issue will be conducted in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The face value of each equity share is ₹1.Source: