Markets

Mphasis Ltd. Receives Income Tax Assessment Order Mphasis Limited announced that it received an Assessment Order under Section 143(3) read with Section 144B and a Notice of Demand under Section 156 of the Income-Tax Act, 1961, on March 25, 2026. The order pertains to Assessment Year 2023-24.The assessment order stemmed from the selection of the Company's case for scrutiny under Section 143 of the Income Tax Act, 1961. The order details variations in income reported in the Company’s return of income and as assessed by the assessing officer.The Income Tax Department’s Assessment Unit issued the communication. The total amount of the notice of demand is Rs. 2286.86 crores.According to management, the financial impact of the order is...

Styrenix Performance Materials Limited Receives Order from Income Tax Department Styrenix Performance Materials Limited, formerly known as INEOS Styrolution India Ltd., announced receipt of an order from the Assessment Unit, Income Tax Department on March 26, 2026.The order, issued under Section 143(3) read with Section 144B of the Income Tax Act, pertains to a faceless assessment for the Assessment Year 2024-25. The assessed demand is INR 2,14,44,080. The company received the order at 11:01 PM on March 25, 2026.According to Styrenix Performance Materials Limited, the order is not expected to have a material impact on the company’s financial position, operations, or other activities. The company intends to evaluate the matter and...

Rajputana Stainless Limited Signs MOU for Land Acquisition Rajputana Stainless Limited announced on March 25, 2026, that it has entered into a Memorandum of Understanding (MOU) for the proposed acquisition of land located at Revenue Survey No. 774/1, Khata No. 871, Village Padla, Taluka Shankheshwar, Dist. Patan.The land acquisition is contingent upon the completion of due diligence, the execution of definitive agreements, and the securing of any necessary statutory approvals. An advance payment of Rs. 10.45 Crores has been made for the acquisition, with the total consideration for the proposed acquisition amounting to Rs. 18 Crores, inclusive of Stamp Duty. Rajputana Stainless Limited will provide further disclosures upon the...

B.C. Power Controls Ltd. Receives Order from GST Department B.C. Power Controls Ltd. announced on March 26, 2026, that it received an order from the Deputy Commissioner, Goods and Service Tax Department, Bhiwadi, Rajasthan, pertaining to the period of April 2019 to March 2020. The order was issued under section 74 of the GST Act.According to the company, the order involves a demand notice for tax and penalty. B.C. Power Controls Ltd. believes it has a strong case and intends to file an appeal against the order before the appropriate authority. The company stated that it anticipates no financial impact resulting from the order.Details regarding the order are as follows:DetailInformationAuthorityDeputy Commissioner, Goods and...

Prestige Group and Arihant Group Jointly Acquire Land Parcel in Chennai, Adding ₹5,000 Crores GDV Chennai, March 26, 2026 – Prestige Group, a leading real estate developer in India, and Arihant Group, a Chennai-based real estate company, have jointly acquired a prime 16.331-acre land parcel in Padi, Chennai. The acquisition was conducted through Canopy Living LLP, a joint venture between Prestige Estates Projects Limited and Arihant Foundations and Housing Ltd.The land parcel will be developed into a premium residential project with a total saleable area of approximately 3.6 million square feet. The project is estimated to generate a revenue potential of ₹5,000 crores.Located in Padi, near Anna Nagar, the site benefits from...

B-Right RealEstate Limited Surpasses ₹1,000 Crore Market Capitalisation Milestone Mumbai, India – March 26, 2026 – B-Right RealEstate Limited (BRRL), a fast-growing player in the Indian real estate sector, has achieved a market capitalisation of ₹1,000 crore. This milestone reflects strong investor confidence, consistent business performance, and the company's strategic focus on developing high-quality residential and mixed-use projects.The company has steadily expanded its footprint over the past few years, delivering value-driven developments while maintaining a disciplined financial approach. Its growth is supported by a pipeline of over 30 lakh sq. ft. focused on prime Mumbai locations including Andheri, Malad, Matunga, and Dadar...

Basilic Fly Studio Limited Appoints Director to Subsidiary Board Basilic Fly Studio Limited announced the appointment of Ms. Ravichandran Chitra as a Director to the Board of One of Us Ltd, UK, a material unlisted subsidiary of the company. The appointment was approved during a board meeting held on March 26, 2026, and took effect immediately.Ms. Chitra, whose Director Identification Number is 07749125, brings extensive experience as a senior HR professional. She holds a bachelor's degree in commerce from Madurai University and a PG Diploma in Personnel Management & HR from the Madras School of Social Work. Her career includes roles at Hindustan Unilever Limited, Sanmar Group, Nippon Paint, Navin's Developers, and currently, she...

Acme Solar Holdings Limited Announces Additional 4 MW Wind Power Project Commissioning Acme Solar Holdings Limited announced that its subsidiary, ACME Eco Clean Energy Private Limited, has commissioned an additional 4 MW of capacity at its wind power project located in Village: Dhakaniya, Taluka: Sayla, Dist: Surendaranagar, Gujarat. This expansion contributes to the overall 100 MW wind power project.The commissioning was confirmed by officials from the Gujarat Energy Development Agency ('GEDA') and Paschim Gujarat Vij Company Limited ('PGVCL'). The company expects to receive the formal certification shortly.With this latest addition, ACME Eco Clean Energy Private Limited has reached a commissioned capacity of 92 MW out of the total...

Federal-Mogul Goetze (India) Ltd. Reports Voting Results on Director Appointment Federal-Mogul Goetze (India) Limited announced the results of resolutions passed through a Postal Ballot on March 26, 2026. Members approved Ordinary Resolutions specified in the Postal Ballot notice dated February 10, 2026, via e-voting.According to a report by Scrutinizer Jaya Yadav of Jaya Yadav & Associates, the resolution to appoint Mr. Varun Dua as a Non-Executive Director was approved.Voting Results Summary - Resolution No. 1: Appointment of Mr. Varun Dua as a Non-Executive DirectorCategoryMode of VotingNo. of Shares HeldNo. of Votes Polled% of Votes Polled on Outstanding SharesNo. of Votes In FavourNo. of Votes Against% of Votes In Favour%...

Kizi Apparels Ltd. Announces Capacity Expansion with New Stitching Machines Kizi Apparels Limited announced a capacity expansion initiative involving the addition of 40 stitching machines to its manufacturing facility. The expansion is expected to increase the company’s overall production capacity by approximately 18% to 20%.The move is intended to address growing demand and support the company's future growth strategies. Kizi Apparels Ltd. is located in H-629, Sitapura Industrial Area, Phase-II, Jaipur-302022.The development aligns with the company’s efforts to scale operations, improve efficiencies, and enhance productivity. The company's script code is 544221 on the Bombay Stock Exchange. Abhishek Nathani, Managing Director...

AIA Engineering Limited Clarifies Fuel Source Concerns AIA Engineering Ltd. stated on March 26, 2026, that it utilizes multiple fuel sources, primarily Piped Natural Gas (PNG), with Liquefied Petroleum Gas (LPG) used in a limited capacity for heat treatment across its plants. The company addressed recent concerns regarding potential LPG shortages and their impact on production.AIA Engineering emphasized that there is currently no disruption in the availability of either PNG or LPG at any of its facilities and that all plants are operating normally. The company is also transitioning its fuel system to include Light Diesel Oil (LDO) as an additional fuel source, alongside PNG and LPG.Source:

Kay Cee Energy & Infra Limited Acquires Remaining Stake in Suryavayu Renewable & Energy Solutions Kay Cee Energy & Infra Limited announced on March 26, 2026, that its Board of Directors approved the acquisition of an additional 50% equity investment in its joint venture company, Suryavayu Renewable and Energy Solutions Private Limited (SRESPL), from Jost’s Engineering Company Limited. The acquisition will be completed by March 30, 2026.The transaction, valued at ₹4.124 per share, will result in SRESPL becoming a wholly owned subsidiary of Kay Cee Energy & Infra Limited, stemming from Jost's Engineering Company Limited's decision to divest its stake. A total of 25,000 equity shares are being acquired for a total consideration of...

Chemplast Sanmar Ltd. Downgraded by CRISIL Ratings Chemplast Sanmar Limited and its wholly-owned subsidiary, Chemplast Cuddalore Vinyls Limited, have been downgraded by CRISIL Ratings. The downgrading occurred on March 26, 2026, as announced by the company.Chemplast Sanmar Limited’s Long-Term Ratings were downgraded from A+ to A, with the outlook remaining Negative. The Short-Term Ratings were reaffirmed as A1. The total quantum of Bank loan facilities remains at Rs. 2,001 Cr.Chemplast Cuddalore Vinyls Limited also experienced a downgrade, with its Long-Term Ratings moving from A+ to A, while the outlook remains Negative. Its Short-Term Ratings were reaffirmed. The total quantum of Bank loan facilities remains at Rs. 2,550 Cr...

Sanstar Ltd. Discloses Insider Trading Activity Sanstar Ltd. announced on March 26, 2026, that it has received disclosures regarding the purchase of equity shares by a designated person, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.Sambhav Starch Products Private Limited, a promoter group entity, acquired 20,000 equity shares of Sanstar Ltd. through a market purchase. Prior to the transaction, the entity held 58.9% of the company's shares, which increased to 59.0% post-transaction. The acquisition occurred on March 25, 2026, and the company was intimated on March 26, 2026. The trade was executed on the TSE and NSE.Sanstar Ltd. has an ISIN of INEOBNE01025. The...

Deepak Nitrite Ltd. Issues Preference Shares to Subsidiaries Deepak Nitrite Limited announced on March 26, 2026, that its wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL), has issued and allotted preference shares to Deepak Phenolics Limited (DPL) and the company itself.DCTL issued 11,000,000 (1.1 million) 9% Optionally Convertible Redeemable Preference Shares (OCRPS) with a face value of ₹10 each, totaling ₹110 crore, to DPL. Additionally, 2,500,000 (2.5 million) 9% OCRPS with a face value of ₹100 each, aggregating to ₹25 crore, were issued to Deepak Nitrite Limited.According to information provided, DCTL’s present paid-up capital before the allotment was ₹2099.50 crore, comprising ₹499.50 crore in equity shares and ₹1600...

Odyssey Technologies Ltd. Shareholders Approve Re-appointments of Key Directors Odyssey Technologies Ltd. announced today, March 26, 2026, that shareholders have approved the re-appointment of Mr. B. Robert Raja and Mr. B. Antony Raja through a Postal Ballot.Mr. B. Robert Raja has been re-appointed as Chairman & Managing Director for a three-year term, effective April 1, 2026, and expiring on March 31, 2029. Mr. Raja brings over 35 years of experience in computers and programming and serves as the Company's primary technology strategist, specializing in cryptography and information security.Mr. B. Antony Raja has been re-appointed as Whole-time Director & CFO for a three-year term, effective April 1, 2025, and expiring on March 31...

BIL Vyapar Ltd. Committee of Creditors Approves Resolution Plan Documents BIL Vyapar Ltd., formerly known as Binani Industries Limited, announced the outcome of its Committee of Creditors meeting held on March 13, 2026, with e-voting concluding on March 23, 2026.During the meeting, the Committee of Creditors approved several key agenda items. These included discussion and approval of the ‘Request for Resolution Plan (RFRP) and Evaluation Matrix,’ as well as ratification of the CIRP Cost for BIL Vyapar Limited. The committee also ratified the appointment and fees of Pawan Vani & Associates as Tax Consultant.BIL Vyapar Limited is undergoing a Corporate Insolvency Resolution Process (CIRP). Daman Preet Kaur, Company Secretary cum...

BIL Vyapar Limited Announces Change in Statutory Auditor Name BIL Vyapar Limited, formerly known as Binani Industries Limited, has informed the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) regarding a change in the name of its statutory auditor. Effective January 28, 2026, V P Thacker and Co. merged with Lodha & Bhatt, Chartered Accountants, and the entity now operates under the name TLB & Co, Chartered Accountants. This change was initially intimated on February 13, 2026.BIL Vyapar Limited is currently under the Corporate Insolvency Resolution Process (CIRP).Daman Preet Kaur, Company Secretary cum Compliance Officer, made the announcement. The corporate office is located at Mercantile Chambers...

Shankar Lal Rampal Dye-Chem Ltd. Announces Resignation of Independent Director Shankar Lal Rampal Dye-Chem Ltd. announced the resignation of Mr. Murli Atal as an Independent Director, effective March 26, 2026. The resignation is attributed to Mr. Atal’s professional work and personal commitments.According to a regulatory filing, the company’s board composition and its committees remain compliant with applicable laws following the resignation. The vacancy will be filled at a later date, pending shareholder approval.Details Regarding the Resignation:ParticularsDetailsReason for ChangeResignation due to professional work and personal commitments.Date of CessationMarch 26, 2026Confirmation of Material ReasonsMr. Atal...

Usha Financial Services Limited to Consider Additional Debt Issuance at Upcoming Board Meeting Usha Financial Services Limited announced an expansion to the agenda of its Board of Directors meeting scheduled for March 28, 2026. The meeting, previously announced on March 25, 2026, will now include consideration of the issuance of Non-Convertible Debentures (Series Q) on a private placement basis.The Board will also consider and approve the allotment of the 2nd Tranche of 12% Secured Redeemable Non-Convertible Debentures (Series P) on a private placement basis.The revised agenda for the Board Meeting is detailed below:Agenda Item1To consider and approve the allotment of 2nd Tranche of 12% Secured Redeemable Non-Convertible...