Markets

Brigade Enterprises Launches Brigade Lumina in Bengaluru with ₹700 Crores Revenue Potential Bengaluru, March 26, 2026—Brigade Group has launched Brigade Lumina, a net-zero carbon residential development spanning 4.11 acres in Northwest Bengaluru on Tumkur Main Road. The joint development project is projected to generate a revenue potential of over ₹700 crores and will offer two and three-bedroom units ranging from approximately 1100 to 1800 square feet.Each unit will feature large decks and ample natural light. Located on Tumkur Main Road, the project is a five-minute walk from the Manjunathanagara Metro Station on Namma Metro's Green Line, providing connectivity to major office hubs, schools, and healthcare facilities.According to...

Bajaj Electricals Limited Updates on GST Appeal Order Bajaj Electricals Limited announced receipt of an Appeal Order related to a Goods and Services Tax (GST) assessment, the company said in a release on March 26, 2026.The Appeal Order, dated March 13, 2026, was issued by the Office of the Commissioner, Appeals-I, CGST & CX, Mumbai, following an assessment order received previously and an appeal filed by the company. The assessment order stemmed from a GST input mismatch, initially involving an alleged gross demand of Rs. 11.51 lakh including a general penalty of Rs. 1.68 lakh.The appellate authority partially accepted the company's submissions in the Appeal Order, resulting in a gross demand of Rs. 4.60 lakh, including a general...

OBSC Perfection Limited Receives Order Worth INR 7.8 Crores from Indian Defense Manufacturer OBSC Perfection Limited announced that it has received a purchase order from an Indian defense manufacturer. The order, valued at INR 7.8 crores, is for the manufacturing and supply of machined parts for defense equipment. The supply is expected to be completed over the next five months.The company confirmed that the order originates from a domestic entity and does not involve any related party transactions. Promoters and the promoter group have no interest in the entity that awarded the order.Order Details Here's a summary of the order details:ParticularsDetailsOrder Awarding EntityIndia-based Defence ManufacturerOrder...

Maharashtra Scooters Limited Acquires Shares in Bajaj Finance and Bajaj Auto Maharashtra Scooters Limited announced share acquisitions in Bajaj Finance Limited and Bajaj Auto Limited on March 25, 2026.According to a filing, Maharashtra Scooters Limited acquired 0.0039% shares in Bajaj Finance Limited for Rs. 21.58 crore, bringing the cumulative acquisition up to Rs. 71.65 crore, representing 3.0533% ownership. The company also acquired 0.0125% shares in Bajaj Auto Limited for Rs. 31.87 crore, with a cumulative acquisition total of Rs. 112.46 crore, representing 2.4738% ownership.The acquisitions were made through the secondary market as part of the company's business activities as an unregistered core investment company. No...

Federal Bank Allots Equity Shares Under Employee Stock Option Schemes Federal Bank Limited announced the allotment of equity shares following the exercise of stock options under its employee stock option schemes. The allotments were approved by the Nomination, Remuneration, Ethics and Compensation Committee.On March 25, 2026, the bank allotted 1,500 equity shares with a face value of Rs. 2 each to option grantees under the ESOS 2010 Scheme. Additionally, 24,410 equity shares, also with a face value of Rs. 2 each, were allotted to option grantees under the ESOS 2017 Scheme, on the same date.The scrip symbol for Federal Bank is FEDERALBNK and the scrip code is 500469.Source:

Billionbrains Garage Ventures Ltd. Receives CCI Approval for Investment in Groww AMC Billionbrains Garage Ventures Ltd. announced that the Competition Commission of India (CCI) has approved the proposed transaction involving Groww Asset Management Limited (Groww AMC) and State Street Global Advisors, Inc. The approval is related to a share subscription and share purchase agreement. The CCI’s order pertains to registration number C-2026/02/1385.The transaction, previously approved by the Board on January 14, 2026, involves Billionbrains Garage Ventures Ltd., Groww AMC, and State Street Global Advisors, Inc. The company awaits the CCI order. Information regarding the approval is available on the company’s website at www.groww.in.Source:

Ritco Logistics Limited’s Independent Directors Review Performance Ritco Logistics Limited announced the conclusion of a meeting of its Independent Directors on Thursday, March 26, 2026. The meeting, which began at 10:00 a.m. and concluded at 10:30 a.m., focused on assessing various aspects of the company’s leadership and governance.During the meeting, the Independent Directors reviewed the performance of non-independent directors and the board of directors as a whole. They also assessed the performance of the chairperson, considering perspectives from executive and non-executive directors. A key area of focus was the evaluation of the quality, quantity, and timeliness of information provided to the board, ensuring its effectiveness...

LG Balakrishnan & Bros Ltd. Schedules Board Meeting to Approve Financial Results LG Balakrishnan & Bros Ltd. announced a board meeting scheduled for Thursday, April 30, 2026, to review and approve the audited financial results for both standalone and consolidated entities for the quarter and financial year ended March 31, 2026. The board will also consider a dividend recommendation for the financial year 2025-2026.In accordance with SEBI regulations and the company's insider trading policy, a trading window will be closed for directors, officers, designated employees, and their immediate relatives, commencing Wednesday, April 1, 2026, and reopening 48 hours after the announcement of the audited financial results.Source:

Hindustan Media Ventures Ltd. Discontinues New OTTplay Subscriptions Hindustan Media Ventures Ltd. announced on March 26, 2026, that it will cease offering new subscription packs for its OTTplay platform, effective March 31, 2026. Existing OTTplay subscribers will continue to be supported.The decision, made by the company's board of directors, comes as the timeline for achieving sustainable, long-term profitability for the OTTplay business does not meet the required criteria.According to data from the last financial year, OTTplay contributed approximately Rs. 59.86 crore, representing around 8% of the company’s total revenue. The OTTplay net worth for the same period was a negative Rs. 38.09 crore, representing approximately 2% of...

Diamines & Chemicals Ltd. Announces Substantial Acquisition of Shares Diamines & Chemicals Ltd. received a disclosure on March 25, 2026, regarding a substantial acquisition of shares under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The acquirers include Amit M. Mehta, Cherry A. Mehta, Mohak A Mehta, Harsh A. Mehta, S. Amit Specialty Chemicals Private Limited, Perfo Chem India Private Limited, and Finorga (India) Private Limited. A person acting in concert (PAC) with the acquirers is Pinakin Kantilal Patel. All acquirers belong to the Promoter or Promoter group.The company is listed on the BSE Limited (Scrip code 500120) and the National Stock Exchange of India Limited (NSE code...

Bihar Sponge Iron Limited Enters Agreement with Amalgam Steel & Power Limited to Resume Operations Bihar Sponge Iron Limited announced on March 26, 2026, that it has entered into a Facility User Agreement with Amalgam Steel & Power Limited. The agreement, dated March 23, 2026, is intended to facilitate the resumption of operations at the company’s Sponge Iron Plant and railway siding in Jharkhand.The move follows the termination of a previous Facility User Agreement with Vanraj Steels Private Limited and others. The company had previously announced a temporary suspension of operations at the plant by Vanraj Steels Private Limited on February 7 and February 10, 2026. The new agreement with Amalgam Steel & Power Limited is expected to...

Wealth First Portfolio Managers Limited Subsidiary Receives Final License from SEBI Wealth First Portfolio Managers Limited announced that its subsidiary, Lakshya Asset Management Private Limited, has received final approval and a license dated March 25, 2026, from the Securities and Exchange Board of India (SEBI) to operate as an Asset Management Company (AMC). This license enables the company to launch and manage a mutual fund.The announcement follows a previous communication dated May 8, 2025. The company requests that the stock exchanges display this information on their notice boards.ExchangeCode/SymbolNational Stock Exchange of India Ltd.WEALTHBSE Limited544536Source:

Highway Infrastructure Ltd. Receives Letter of Acceptance for Venkatapalem Fee Plaza Operations Highway Infrastructure Limited announced it has received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for operations at the Venkatapalem Fee Plaza in Andhra Pradesh. The value of the contract is Rs. 35,43,99,930.The contract involves operating the user fee plaza at km.35+400 for the 6-laning of Vijayawada Bypass, encompassing a section from Gollapudi to Chinnakakani. The agreement also includes upkeep and maintenance of adjacent toilet blocks, recouping consumable items. The contract is for a period of 90 days.According to the terms of the agreement, Highway Infrastructure Limited will act as the user...

Coforge Ltd. Allots 10,720 Shares Under ESOP Scheme Coforge Ltd. announced the allotment of 10,720 equity shares on March 25, 2026, under the Employee Stock Option Plan (ESOP) of the company.The allotment was approved by the ESOP Allotment Committee. As a result of this allotment, the paid-up share capital of Coforge Ltd. has increased to 33,58,10,937 equity shares, with a face value of Rs. 2 per share, totaling Rs. 67,16,21,874.The company is completing the necessary formalities for the listing and trading approvals of the newly issued shares and will shortly file the required documents with the exchanges.Source:

Devyani International Receives Demand Order from Income Tax Department Devyani International Limited announced today, March 26, 2026, that its wholly-owned subsidiary, Sky Gate Hospitality Private Limited, has received a Demand Order from the Income Tax Department. The order, received March 25, 2026, pertains to the Assessment Year 2024-25 and relates to an alleged excess premium on the issuance of shares by Sky Gate during the financial year 2023-24.The total demand outlined in the order is INR 59.52 million.According to Devyani International, the Demand Order is not expected to have a material impact on the company's financial, operational, or other activities. Sky Gate is currently evaluating the order and intends to take...

Sancode Technologies Acquires Remaining Stake in Sancode Semi Private Limited Sancode Technologies Ltd. announced on March 25, 2026, that it has acquired the remaining 1 Equity Share, representing 0.01% stake, in Sancode Semi Private Limited. This acquisition makes Sancode Semi Private Limited a wholly owned subsidiary of Sancode Technologies Limited, effective March 25, 2026.The Board of Directors approved the acquisition during a meeting held on March 25, 2026, which commenced at 4:30 PM and concluded at 5:00 PM.Sancode Semi Private Limited's authorized capital is Rs. 10,00,000, divided into 1,00,000 Equity Shares of a face value of Rs. 10 each. The company is involved in the manufacturing, designing, developing, assembling...

L&T Technology Services Divests Smart World and Communication Business Mumbai, March 25, 2026: L&T Technology Services Limited (BSE: 540115, NSE: LTTS) announced today it is divesting its Smart World and Communication (SWC) business unit to AMI Paradigm Solutions Private Limited. The move is part of a portfolio rebalancing strategy focused on accelerating investment in digital engineering and core artificial intelligence (AI) capabilities.AMI Paradigm, a joint venture between ParadigmIT Technology Services Private Limited and AM Intelligence Labs Private Limited, will acquire the SWC businesses. AMI Paradigm focuses on advancing AI for public systems and critical infrastructure services. The acquisition is expected to complement AMI...

Narayana Hrudayalaya Schedules Investor Meetings Narayana Hrudayalaya Limited announced it will meet with investors on Friday, March 27, 2026, at 10:30 A.M. IST. The meeting, arranged by ICICI Securities, will be a group meeting with Premji, Magma & Arohi and will be held in person. The company noted that the schedule is tentative and subject to change.Source:

Lemon Tree Hotels Launches 11th Property in Gujarat with Keys Select by Lemon Tree Hotels, Vadodara Lemon Tree Hotels Limited, a midscale and premium hotel chain in India, announced the opening of Keys Select by Lemon Tree Hotels in Vadodara, Gujarat. This marks the company's 11th property in the state and expands its presence in a key business and cultural hub.The hotel, located on Atladra Padra Main Road, offers convenient access to local attractions including Laxmi Vilas Palace, Sayaji Gardens, and the Baroda Museum & Picture Gallery. It is 12 km from Vadodara Domestic Airport and 7 km from Vadodara Junction Railway Station.Keys Select by Lemon Tree Hotels, Vadodara, features 42 rooms, a restaurant, a banquet hall, a meeting...

Lemon Tree Hotels Receives Notices and Challans from Various Authorities Lemon Tree Hotels Limited announced it and its subsidiaries have received several notices and challans from various authorities. The notifications, dated March 25, 2026, detail actions related to Employee State Insurance, groundwater usage, tax liabilities, and excise violations.Employee State Insurance Corporation NoticeThe company received a notice from the Employee State Insurance Corporation, Okhla, New Delhi, for a payment of Rs. 557 related to a violation of the ESI (General) Regulations, 1950. The notice was received on March 12, 2026. The company stated that the violation pertains to the payment of contributions within the stipulated timeframe.Fleur...