Markets

Refex Industries Limited Files for Composite Scheme of Amalgamation and Arrangement Refex Industries Limited, a Refex Group company, has filed a Company Application with the National Company Law Tribunal (NCLT) in Chennai on March 26, 2026, seeking directions regarding a Composite Scheme of Amalgamation and Arrangement.The scheme involves Refex Green Mobility Limited (Transferor Company), Refex Industries Limited (Transferee Company or Demerged Company), and Refex Mobility Limited (Resulting Company), along with their respective shareholders and creditors. The amalgamation is being pursued under Sections 230 to 232 of the Companies Act, 2013.This follows prior notifications issued on September 22, 2025, and March 17, 2026, regarding...

A G Universal Limited Reappoints Shyam Lal Diwan as Internal Auditor A G Universal Limited announced the reappointment of Mr. Shyam Lal Diwan as the company’s Internal Auditor for the financial year 2025-26. The decision was approved by the Board of Directors during a meeting held on March 27, 2026.Mr. Diwan holds a Bachelor of Commerce degree and brings approximately 40 years of experience in accounting, taxation, and other business-related fields. He has been with the organization since its inception.Details of the Reappointment:DetailInformationNameMr. Shyam Lal DiwanReason for ChangeRe-appointment as Internal AuditorDate & Term of Appointment/Re-appointmentRe-appointment date: March 27, 2026. Term: FY 2025-26...

Krishna Defence and Allied Industries Limited Announces Demise of Whole-time Director Krishna Defence and Allied Industries Limited announced the passing of Mr. Sandeep Ramrao Kadam, a Whole-time Director of the company, on March 27, 2026. Mr. Kadam, whose Director Identification Number (DIN) is 06841164, had been associated with the company since 2014.The company acknowledged Mr. Kadam’s significant contributions to its growth and development during his tenure. The Board of Directors and employees expressed condolences to his family.According to a regulatory filing, Mr. Kadam's cessation was due to death, effective March 27, 2026.Details of DemiseParticularsDetailsNameMr. Sandeep Ramrao Kadam (DIN: 06841164)Reason for...

Tata Consultancy Services Schedules Analyst Meetings and Announces FY26 Fourth Quarter Results Tata Consultancy Services (TCS) has announced a schedule of analyst and institutional investor meetings for April 2026, according to a communication released March 27, 2026.Earnings Conference Call Scheduled The company will hold an earnings conference call on April 9, 2026, at 7:00 pm IST for all investors and the general public. The call will be conducted virtually via Over Call.FY26 Fourth Quarter Results Announcement Tata Consultancy Services will announce its results for the Fourth Quarter of fiscal year 2026, which ended March 31, 2026, on April 9, 2026, after market trading hours. The results will be available on www.tcs.com.An...

Bafna Pharmaceuticals Appoints Internal and Cost Auditors Bafna Pharmaceuticals Limited announced the appointments of K. S. Rao & Co. and N. Sivashankaran & Co. for internal and cost auditing roles, respectively, following a board meeting held on March 27, 2026.K. S. Rao & Co., Chartered Accountants (ICAI FRN.003109S) in Chennai, was appointed as the Internal Auditor for a one-year term, effective April 1, 2026, to March 31, 2027. The firm has over 40 years of experience in auditing and advisory services across various industries.N. Sivashankaran & Co., Cost Accountants (ICMAI FRN. 100662) in Chennai, was appointed as the Cost Auditor for a one-year term, also effective April 1, 2026, to March 31, 2027. The firm specializes in cost...

Expo Engineering And Projects Ltd. Receives Work Order from Indian Oil Corporation Expo Engineering and Projects Ltd. announced today, March 27, 2026, that it has received a work order from Indian Oil Corporation Limited for a project at the Durgapur, West Bengal site. The total value of the order is Rs. 7,25,13,547.62, inclusive of taxes.The work order involves the conversion of five EFRVT (MS) tanks into Aluminum Geodesic Dome Roof Tanks at the Durgapur Terminal, under the West Bengal State Office. The project is to be executed by December 26, 2026, as per the purchase order.The entity awarding the order is Indian Oil Corporation Limited Eastern Region Office, located in Kolkata. No promoters, promoter groups, or group companies...

SG Finserve Limited Allots Equity Shares Following Warrants Conversion SG Finserve Limited announced on March 27, 2026, the allotment of 54,47,222 equity shares following the conversion of an equivalent number of warrants. This action is linked to the allotment of 1,00,00,000 fully convertible warrants approved on October 25, 2024.The Allotment Committee of the Board of Directors finalized the allotment at a meeting held on March 27, 2026, with each warrant holder paying ₹337.5, representing the remaining 75% of the initial issue price of ₹450 per warrant. The total amount received from this conversion is ₹1,83,84,37,425.The following table details the allocation of shares to warrant holders:S. No.Names of...

Innova Captab Ltd. Reports Acquisition of Shares via Pledge Innova Captab Limited announced on March 27, 2026, that Vistra ITCL (India) Limited, acting as a Debenture Trustee/Security Trustee, has acquired shares through a pledge.According to a filing, Vistra ITCL, which does not belong to the Promoter or Promoter group, acquired 36,54,610 equity shares, representing 6.38% of the company's total diluted share/voting capital. The acquisition occurred on March 11, 2026.Prior to the acquisition, Vistra ITCL held no shares. Following the acquisition, the total holding remains at 36,54,610 shares, representing 6.38% of the total diluted share/voting capital. The transaction involved a pledge of equity shares with a face value of Rs. 10...

Poddar Pigments Limited Commences Commercial Production of Color Masterbatches Poddar Pigments Limited announced the commencement of commercial production for an additional 6,000 metric tons per annum of Color Masterbatches on March 27, 2026. The expansion, situated at the Chaksu Plant in Unit Chaksu, Greater Sitapura Industrial Park, Jaipur, Rajasthan, increases the company's total production capacity from 8,030 metric tons per annum.The capital expenditure for this expansion totaled Rs. 1090.01 lakhs, aligning with Poddar Pigments Limited's overall growth strategy. The company is listed on the Bombay Stock Exchange (BSE) under code 524570 and the National Stock Exchange of India (NSE) under symbol PODDARMENT.Source:

Sri Chakra Cement Ltd. to Sell Assets to J. K. Cement Limited Sri Chakra Cement Limited announced on March 27, 2026, that its Board of Directors approved the sale and disposal of certain assets, including plant and machinery from the company’s Grinding Unit and land parcels. The transaction involves a sale agreement with J. K. Cement Limited.The assets currently are not operational and do not contribute to the company's business operations. The sale aligns with Sri Chakra Cement's strategy of rationalizing and monetizing non-core assets. The proposed transaction is not expected to have a material impact on the company’s ongoing operations.The aggregate consideration for the asset sale is approximately ₹ 8.08 Crores, subject to...

Fiberweb India Ltd. Announces Directorate Changes and Committee Reconstitution Fiberweb India Ltd. announced changes to its board of directors and the reconstitution of several committees on Friday, March 27, 2026.Mrs. Soniya Sheth resigned from her position as director, effective March 27, 2026, due to personal reasons. Subsequently, the company appointed Mrs. Reena Gupta as an additional non-executive director, also effective March 27, 2026. Mrs. Gupta is the spouse of Mr. Bhavesh Sheth and daughter-in-law of Mr. Pravin Sheth, who are existing directors of the company. She holds a graduate degree and brings international experience from a Fortune 500 company.Following Mrs. Sheth’s resignation, the company reconstituted its...

Birla Estates Announces First Redevelopment Project in Mumbai with a Luxury Residential Development in Khar (W) Mumbai, March 27, 2026: Birla Estates Private Limited (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), announced its entry into the redevelopment market with its first project in Mumbai Metropolitan Region (MMR). The project, a redevelopment of Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, Mumbai, is being developed in a joint arrangement with Parinee Real Estate Builders.The project has a saleable area of 2.9 lakh sq.ft and an estimated revenue potential of INR 1,700 crore. The development will...

PNB Gilts Limited Appoints Pankaj Kumar as Deputy Chief Executive Officer PNB Gilts Limited announced the appointment of Pankaj Kumar as Deputy Chief Executive Officer, effective March 27, 2026. The appointment was made by the Board of Directors during a meeting held on March 27, 2026.Mr. Kumar, currently an Asst. General Manager at Punjab National Bank (PNB), will serve as Senior Management Personnel for the company.Mr. Kumar holds a B.Sc. from Vinoba Bhave University, along with CAIIB, Dip. in Treasury, Investment & Risk Management from IIBF, and a Post Graduate Diploma in Business Administration from Symboisis University. He brings over 22 years of experience in the banking industry, specializing in areas such as risk management...

Jupiter Life Line Hospitals Secures Land Allotment for New Hospital Jupiter Life Line Hospitals Limited announced it has received acceptance of a tender from the Mumbai Metropolitan Region Development Authority (MMRDA) for land allotment on a lease basis. The allotment pertains to land measuring approximately 10,026.44 square meters situated at plot no. SF5 in GTxT-Block of Bandra-Kurla Complex, Maharashtra.The land is being leased for a period of 80 years and involves a one-time lease premium of approximately Rs. 354 Crores. The company intends to develop a 400-bed hospital on the land, subject to obtaining necessary statutory and regulatory approvals.Below is a summary of the key details of the land allotment agreement.Key...

Renol Polychem Limited Acquires 51.00% Stake in Harmony Ply-Lam Limited Renol Polychem Limited announced the successful acquisition of a 51.00% equity shareholding in Harmony Ply-Lam Limited on March 27, 2026. This acquisition makes Harmony Ply-Lam Limited a subsidiary of Renol Polychem Limited.The acquisition is described as a strategic decision aimed at expanding Renol’s vision for inorganic growth. The transaction involved a consideration of 56.15 Rs. per share, totaling 16,03,112 shares acquired, representing 11.02% of the total acquisition. The post-acquisition holding stands at 51.00%.Harmony Ply-Lam Limited, incorporated on January 2, 2015, manufactures laminates, solid surface sheets, particle boards, plywood sheets, and...

Rubfila International Limited Obtains Shareholder Approval for Director Continuation Rubfila International Limited announced on March 27, 2026, that shareholders approved the continuation of Shaukat Hasanali Merchant’s directorship as an Independent Director. The decision was reached through a postal ballot conducted via electronic voting.According to a report by Scrutinizer CS Sreekumar P S of SVJS & Associates, the remote e-voting facility was open from February 24, 2026, at 9:00 A.M. IST to March 25, 2026, at 5:00 P.M. IST.A total of 2,84,87,904 shares were voted through the e-voting facility. The resolution to continue Mr. Merchant’s directorship received 2,84,85,603 votes in favor, representing 99.99% of the votes cast and...

JK Cement Limited Acquires Cement Grinding Assets from Sri Chakra Cement Limited JK Cement Limited announced today, March 27, 2026, that its Board of Directors has approved an agreement to acquire cement grinding assets and land from Sri Chakra Cement Limited. The acquisition includes 0.24 million tonnes per annum (MnTPA) of cement grinding assets, which have been non-operational since April 2025, and 34 acres of land owned by multiple landowners including Envean Enterprises Private Limited, Sri Chakra Cement Limited & K Sanjay Kumar, located in Vizianagaram, Andhra Pradesh.The total consideration for the asset purchase is Rs. 28.79 crores. The transaction is contingent upon finalization and execution of definitive agreements and the...

Siemens Energy India Announces Senior Management Changes Siemens Energy India Ltd. announced changes to its senior management personnel on March 27, 2026. The changes were approved by the Board of Directors at a meeting held on that date, which commenced at 12:31 p.m. (IST) and concluded at 12:37 p.m. (IST).Departing Executives:Vaibhav Agwan will step down as Execution Unit Head (Competence Hub), effective March 31, 2026, to pursue opportunities within Siemens Energy AG group. Samit Sachdeva will cease to be Execution Unit Head (Grid Technologies - Transformer) on March 31, 2026, to pursue opportunities within the Siemens group. Aditya Mittal will resign as Execution Unit Finance Head (Grid Technologies - Grid Solutions), effective...

Britannia Industries Announces Departure of Chief Sales Transformation Officer Britannia Industries Ltd. announced on March 27, 2026, that Abhishek Sinha, Chief Sales Transformation Officer, has resigned to pursue an opportunity outside the company. The resignation was submitted on January 21, 2026.According to the terms of his employment, Sinha will step down from his role effective March 31, 2026.Britannia Industries Limited, based in Bengaluru, Karnataka, acknowledged Sinha’s contributions and expressed gratitude for his support, guidance, and cooperation during his tenure.Source:

Federal Bank to Receive ₹489.60 Crore Refund from Income Tax Department The Federal Bank Limited announced on March 27, 2026, that it has received orders from the Income Tax Department, Corporate Circle 2 (1), Kochi, impacting assessment years 2015-16 and 2017-18. The orders, issued under Section 254 of the Income Tax Act, 1961, reflect a decision from the Income Tax Appellate Tribunal (ITAT) dated August 13, 2024.According to the orders received on March 26, 2026, the aggregate amount refundable to the bank, including interest under Section 244A of the Income-tax Act, totals ₹489,60,20,918.DetailAmount (₹)Refundable Amount (AY 2015-16 & 2017-18)489,60,20,918The bank has requested that the stock exchanges take note of this...