Markets

Dev Information Technology Limited Allots Equity Shares Under Employee Stock Option Plan Dev Information Technology Limited announced the allotment of 28,482 equity shares on March 27, 2026, resulting from the exercise of vested options under the ‘Dev Information Technology Limited Employee Stock Option Plan - 2018’. Each share has a face value of Re. 2.The newly allotted shares rank equally with existing shares in all respects. No shares were allocated to the company's directors during this allotment.Following this allotment, the company's paid-up capital has increased to Rs. 11,27,27,428, comprised of 5,63,63,714 equity shares with a face value of Rs. 2 each.Source:

Innovassynth Technologies Announces Proposed Rights Issue of Up to ₹70 Crores Innovassynth Technologies (India) Ltd. announced on Friday, March 27, 2026, that its Board of Directors has approved a proposal to raise funds through a rights issue. The company intends to issue equity shares with a face value of ₹10 each to eligible shareholders on a record date to be announced later.The rights issue aims to raise an aggregate amount not exceeding ₹70,00,00,000 (Rupees Seventy Crores). The issue price and other terms and conditions will be determined by the Board.To facilitate the rights issue, Innovassynth Technologies has formed a Rights Issue Committee, which will be responsible for finalizing key details including the issue size...

Transindia Real Estate Ltd. Appoints Mahendra Kumar Chouhan as Independent Director Transindia Real Estate Ltd. announced the appointment of Mr. Mahendra Kumar Chouhan as an Additional, Non-Executive, Independent Director, effective April 1, 2026. The appointment was approved by the Board of Directors via resolution circulated on March 27, 2026, and is subject to shareholder approval. The term is for a period of five consecutive years, concluding on March 31, 2031.Mr. Chouhan brings extensive experience in corporate governance, business ethics, leadership, and sustainability. He previously served as Founding Chairman of Fino Payments Bank and currently serves as an Independent Director on the boards of various listed and unlisted...

Tata Motors Passenger Vehicles Reports Temporary Production Pause at Jaguar Land Rover Plant Tata Motors Passenger Vehicles Limited, formerly known as Tata Motors Limited, confirmed a temporary production pause at Jaguar Land Rover’s (JLR) Solihull manufacturing facility. The pause is due to a short-term supply constraint from a supplier, according to a statement responding to a news item published in the Economic Times on March 27, 2026.JLR, a wholly-owned subsidiary of Tata Motors Passenger Vehicles Limited, is working with the supplier to resolve the issue and minimize impact on clients and operations. Production has been temporarily halted on certain vehicle lines.The company stated that it does not anticipate a material impact...

Piramal Finance Ltd. Plans Fund Raising Through Non-Convertible Debentures Piramal Finance Ltd. announced its intention to raise funds through the issuance of Non-Convertible Debentures (NCDs) on a Private Placement basis, contingent on prevailing market conditions. The decision follows a board meeting held on March 27, 2026.The company will convene meetings of its Committee of Directors (Administration, Authorisation & Finance) between April 1, 2026, and March 31, 2027, to review and approve the issuance and allotment of NCDs as needed. The total amount to be raised was not specified.Bipin Singh, Company Secretary of Piramal Finance Limited, made the announcement. The company was formerly known as Piramal Capital & Housing Finance...

GV Films Ltd. Announces Board Changes and Appointments GV Films Ltd. announced several changes to its Board of Directors on Friday, March 27, 2026. The decisions were made during a Board of Directors meeting held at the company's registered office in Mumbai.Mr. Gunaseelan resigned from his position as a Non-Executive Director, effective immediately.The company appointed Mr. Viswanathan Sridhar as Company Secretary, also effective immediately. Mr. Sridhar is a Commerce graduate and qualified as a Company Secretary in May 1990. He brings over 30 years of experience in legal and secretarial compliance across listed and unlisted companies.Additionally, Mr. Kamala Kannan Ashwin Kumar was appointed as an Additional Director...

Hardcastle & Waud Manufacturing Company Ltd. Sells Immovable Property Hardcastle & Waud Manufacturing Company Limited announced today, March 27, 2026, the execution of a Deed of Conveyance for the sale of an immovable property. The property, Unit No. 7B located on the 3rd floor of Sagar Estate, is situated at Premises No. 2, Narendra Chandra Dutta Sarani, Kolkata - 700001.Jeevdani Business Ventures Limited (JBVL) is the buyer in the transaction. The agreement is valued at Rs 1,11,08,000.According to company disclosures, JBVL is a promoter group company, with a relationship to the company’s promoter. The transaction constitutes a related party transaction and was conducted at arm's length.Further details regarding the agreement are...

Jubilant FoodWorks Receives GST Order Demanding Over INR 15.36 Crore Jubilant FoodWorks Limited announced March 27, 2026, that it received an order from the Additional Commissioner, CGST Commissionerate, Meerut, Uttar Pradesh. The order, dated March 17, 2026, and numbered 92-GST/ADC/Meerut/2025-26, demands GST of INR 15,35,60,917, along with a penalty of INR 15,35,60,917 and applicable interest.The demand relates to an alleged incorrect classification of certain goods supplied to a distinct GSTIN under the same Permanent Account Number (PAN) of the company, representing intra-company supplies.Jubilant FoodWorks believes the order is incorrect and did not consider the merits of the company’s contentions. The company stated it is in...

Dev Information Technology Limited Approves Share Allotment, Investment, and Corporate Guarantee Dev Information Technology Limited announced several key decisions following a board meeting held on March 27, 2026.The board approved the allotment of 28,482 equity shares with a face value of Rs. 2 each to eligible employees under the 'Dev Information Technology Limited Employee Stock Option Plan - 2018'. This allotment, totaling Rs. 6,97,809, ranks pari passu with existing equity shares. The company's paid-up capital post-issue is now Rs. 11,27,27,428, representing 5,63,63,714 shares.Additionally, the board approved an investment of Rs. 386,642 for a 28.50% equity stake in M/s Byte Technosys Private Limited. Byte Technosys Private...

KCP Ltd. Receives USD 6 Million Dividend from Vietnamese Subsidiary KCP Ltd. announced today it has received a dividend of USD 6,000,000, equivalent to Rs. 56,66,10,000, from its subsidiary, KCP Vietnam Industries Ltd. The dividend is for the year 2025.The payment marks a significant return from the company's Vietnamese operations.ItemAmount (USD)Amount (Rs.)Dividend Received6,000,00056,66,10,000SubsidiaryKCP Vietnam Industries Ltd.Year2025Source:

Bikewo Green Tech Limited Acquires 33% Stake in Mear Logistics LLP Bikewo Green Tech Limited announced that its Board of Directors approved the acquisition of a 33% stake in Mear Logistics LLP for a consideration of Rs. 10,20,00,000. The announcement was made on March 27, 2026.Mear Logistics LLP (LLPIN: AAQ-7024) has a capital contribution of Rs. 16.66 crores. According to its financial statements, the LLP reported revenue of Rs. 1256.46 lakhs as of March 31, 2024, and Rs. 1371.47 lakhs as of March 31, 2023.The acquisition, which is expected to be completed before April 30, 2026, will be funded with cash. Bikewo Green Tech Limited’s stake will represent 33% of the LLP’s capital contribution.According to details released regarding...

SK Minerals & Additives Ltd. Appoints Additional Director and Re-appoints Independent Directors SK Minerals & Additives Ltd. announced that its Board of Directors approved the appointment of Dr. Ashish Mathur as an Additional Director (Non-Executive Independent Director) and the re-appointment of Ms. Lakshmi Shankarnarayanan Iyer and Mr. Ramit Sikka as Non-Executive Independent Directors, via resolutions passed by circulation on March 27, 2026.Dr. Ashish Mathur's appointment is effective from March 24, 2026. He brings over 15 years of experience in nanotechnology and biosensing applications. He is not related to any Director of the Company.Ms. Lakshmi Shankarnarayanan Iyer was re-appointed for a second term of five consecutive...

Suraj Industries Ltd. Completes Acquisition of Shares in Shri Gang Industries Suraj Industries Ltd. announced the completion of an acquisition of shares in Shri Gang Industries and Allied Products Limited (Shri Gang) on March 27, 2026. The company acquired 24,800 equity shares from Mr. Ritesh Gupta.The acquisition increases Suraj Industries Ltd.'s stake in Shri Gang to 20.15% of the paid-up equity share capital of Shri Gang. This follows a previous intimation made on March 26, 2026, regarding the acquisition. The scrip code for Suraj Industries Ltd. on the BSE Limited is 526211.Source:

Kothari Fermentation & Biochem Ltd. Appoints Janhavi Kothari as Executive Director Kothari Fermentation & Biochem Ltd. announced the appointment of Ms. Janhavi Kothari as Executive Director, effective April 1, 2026. Ms. Kothari will manage the Purchase Department for the company.The decision was approved by the Board of Directors at a meeting held on March 27, 2026. The meeting commenced at 3:15 PM and concluded at 4:30 PM.Ms. Kothari holds a B.Tech. in Computer Science and Engineering from SRM Institute of Science and Technology. She previously worked as a Procurement and Consumption Analyst.According to company disclosures, Ms. Kothari is the daughter-in-law of Mr. Pramod Kumar Kothari (Chairman and Managing Director) and Mrs...

IRB InvIT Fund Announces Trading Window Closure IRB InvIT Fund has announced a closure of its trading window for designated persons and their immediate relatives. The trading window will be closed starting April 1, 2026.According to a filing, the trading window will reopen 48 hours after the announcement of financial results for the quarter and year ended March 31, 2026. This action aligns with the Trust’s Code of Conduct for Regulating, Monitoring and Reporting of Trading.The scrip code for IRB InvIT Fund is 540526, and its symbol is IRBINVIT. This measure is in place to ensure compliance with regulatory guidelines concerning trading practices.Source:

Indian Overseas Bank Receives Demand Notice for Rs. 642.74 Crores Indian Overseas Bank announced on March 27, 2026, that it received a demand notice from the Income-tax Department regarding a tax liability for the Assessment Year 2016-17. The notice, received on March 26, 2026, advises the bank to pay an amount of Rs. 642.74 Crores.The demand follows an order from the Income Tax Appellate Tribunal (ITAT) ITA No. 202 & 253/Chny/2023, dated December 31, 2024, implemented under Section 254 read with Section 143(3) of the Income Tax Act, 1961. The notice originated from the Joint Commissioner of Income-tax (in-situ), Non-Corporate Circle-8, Chennai.Indian Overseas Bank stated that it is in the process of challenging the order in the...

Sheetal Cool Products Limited Launches New Ice Cream Café in Ahmedabad Sheetal Cool Products Limited announced the launch of a new Ice Cream Café in Ahmedabad, Gujarat, on March 26, 2026. The café commenced operations at 6:30 P.M.The new outlet, located at Sheetal Ice Cream Café, Magnifico Complex, Opp. Avalon Hotel, Nr. Motilal Oswal Tower, Sindhu Bhavan, Ahmedabad, Gujarat 380059, is part of the company’s strategy to expand its retail presence and bolster its brand within key markets. The café will offer Sheetal’s range of premium ice cream products and related items, aiming to enhance the customer experience.The café's business will focus on the retail sale of ice cream and allied products through a café format.Source:

QMS Medical Allied Services Limited Applies to Migrate to Main Board on NSE QMS Medical Allied Services Limited has applied to the National Stock Exchange of India (NSE) to migrate its equity shares from the NSE Emerge platform to the Main Board. The application, submitted on March 25, 2026, is currently pending approval from the Exchange.The company's registered office is located at 9 1A-1B / 2A-2B, Navkala Bharati Building, Plot No. 16, Prabhat Colony, Road No. 3, Santacruz (East), Mumbai. Further information can be found at www.qmsmas.com. T oral Bhadra, Company Secretary and Compliance Officer (Membership No.: A56927), confirmed the application on behalf of QMS Medical Allied Services Limited.Source:

Saatvik Green Energy Subsidiary Secures INR 14 Crore Order for Solar PV Modules Saatvik Green Energy Limited announced that its subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order totaling INR 14 Crores from a renowned domestic Independent Power Producer/EPC player. The order is for the supply of Solar PV Modules.The order, awarded by a domestic entity, is considered commercial in nature and is expected to be executed by March 2026.According to details released, the order aggregates to INR 14 Crores and no promoter, promoter group, or group company has any interest in the entity that awarded the order. The transaction does not fall under related party transactions.Below is a summary of the key...

Magnanimous Trade & Finance Limited Appoints Additional Director and CFO Magnanimous Trade & Finance Limited announced several key appointments following a board meeting held on March 27, 2026.The Board of Directors appointed Ms. Shweta [DIN: 10283634] as an Additional Director in the category of Non-Executive Independent Director, effective March 27, 2026. This appointment is for a period of five years, pending regulatory and shareholder approval. Ms. Shweta brings experience in corporate governance, marketing, and communication. She holds a Bachelor of Arts and Master of Arts from State University, Allahabad, and is currently pursuing an LL.B. She is currently associated with Leading Leasing Finance and Investment Company Limited...