Markets

Maruti Suzuki India Limited Receives Adjournment in NCLAT Hearing Maruti Suzuki India Limited announced on March 25, 2026, that a hearing regarding a matter before the National Company Law Appellate Tribunal (NCLAT) was held on the same date. The hearing involved further arguments related to a previous order by the Competition Commission of India (CCI). Following the hearing, the NCLAT adjourned the matter for further arguments, with the next hearing scheduled for April 24, 2026.This update follows a series of prior hearings and adjournments, beginning with an order passed by the NCLAT on November 22, 2021, and continuing through numerous subsequent dates in 2022, 2023, 2024, 2025, and culminating in the most recent adjournment on...

JSW Energy’s Subsidiary Receives Credit Rating Reaffirmation from ICRA JSW Energy Ltd announced on March 25, 2026, that ICRA Limited (ICRA) has reaffirmed a ‘ICRA A-/Stable’ rating for the long-term bank facilities of Mytrah Vayu (Tungabhadra) Private Limited, a step-down subsidiary of JSW Energy.The rating was released by ICRA on March 24, 2026. The press release detailing the rating is available on ICRA's website at www.icra.in.CIN: L74999MH1994PLC077041Source:

Azad Engineering Limited Receives Penalty Order Regarding GST Azad Engineering Limited announced today, March 25, 2026, that it has received communications detailing orders passed by the Joint Commissioner, Office of the Commissioner of Central Tax and GST, Jeedimetla Division, Medchal GST Commissionerate, Hyderabad. These orders pertain to financial years 2019-20 and 2020-21.The company has been levied an aggregate penalty of INR 10,38,280 and INR 1,10,582 under specific sections of the CGST/SGST Act, 2017 and the IGST Act, 2017. The penalty relates to the availment of blocked Input Tax Credit (ITC) and non-payment of GST on other income.According to the company, the events are not expected to have a material impact on its...

Sugs Lloyd Limited Promoter Acquires Equity Shares Sugs Lloyd Limited, formerly Sugs Lloyd Private Limited, announced that a promoter has acquired equity shares in the company. The disclosure, made under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, detailed the purchase made by Santosh Kumar Shah.According to the filing, Santosh Kumar Shah, a promoter and director, acquired 65,000 equity shares, representing a 0.279% stake, on March 20, 2026. This followed a previous holding of 58,000 shares, constituting 0.249% of the company's equity. The total value of the acquisition was 757,076. The shares were purchased on the market through the BSE Limited.Sugs Lloyd Limited is an ISO 9001: 2015 certified...

Asston Pharmaceuticals Announces Board Appointments and Meeting Asston Pharmaceuticals Ltd. announced that a meeting of its Board of Directors will be held on March 30, 2026, at 3:00 P.M. Several key appointments are on the agenda for the meeting.The Board will consider the appointment of Mr. Sumit Pawar as Chief Financial Officer. Additionally, the company will review the potential appointments of Mr. Yashvardhan Tupe as an Additional Non-Executive Director and Mr. Sandip Sharma as an Additional Non-Executive Independent Director.The meeting will also include a review of a circular resolution regarding the appointment of a statutory auditor and consideration of the date and notice for an Extraordinary General Meeting. Other...

Mayank Cattle Food Ltd. Announces Resignation of Secretarial Auditor Mayank Cattle Food Ltd. announced on March 25, 2026, that M/s Dixit Shah & Associates has resigned as the company’s Secretarial Auditor for the financial year 2025-26. The resignation is effective from the close of business hours on March 25, 2026, due to pre-occupancy in professional assignments and the inability to devote sufficient time.The company confirmed that there are no other material reasons for the resignation and that Dixit Shah & Associates conveys no objection to the appointment of another Practicing Company Secretary as a replacement.Details regarding the change in Secretarial Auditor are presented below:Sr. No.ParticularDetails1.Name of the...

Emami Limited Announces Changes in Senior Management Kolkata – March 25, 2026 – Emami Limited announced changes to its senior management personnel today.Effective March 25, 2026, Dhruv Aggarwal has been appointed as Chief Growth Officer. Aggarwal holds a Post Graduate Degree in Business Management from IIM - Bangalore and an undergraduate degree from the University of Illinois at Urbana Champaign. He brings 20 years of experience in growth strategy consulting and project management, previously serving as a Partner at Bain & Company.Simultaneously, Giriraj Bagri resigned from his role as Chief Growth Officer, effective March 25, 2026. Bagri will serve out his notice period to ensure a smooth transition.In a communication to Sonali...

H.G. Infra Engineering Announces Leadership Change in New Energy Vertical H.G. Infra Engineering Ltd. announced on March 25, 2026, that Dr. Puneet Gupta has resigned from his position as Head of New Energy Verticals, effective the same date. The resignation is due to family commitments that require his presence in Singapore.Leadership Transition DetailsThe following table summarizes the details regarding this leadership change:ParticularsDetailsReason for ChangeDue to family commitments requiring his presence in Singapore.Date of CessationMarch 25, 2026Brief ProfileNot ApplicableDisclosure of RelationshipsNot ApplicableDr. Gupta expressed gratitude for the opportunities provided during his tenure and formally...

BCPL Railway Infrastructure Limited Announces Postal Ballot Notice for Director Reappointment March 25, 2026 – BCPL Railway Infrastructure Limited announced a postal ballot notice seeking shareholder approval for the reappointment of Mr. Sudipta Kumar Mukherjee as a Non-Executive Independent Director.The resolution, requiring a special resolution, proposes to reappoint Mr. Mukherjee for a term of five consecutive years, from January 30, 2026, to January 29, 2031.Key Details of the Resolution:Details of ResolutionRe-appointment of Mr. Sudipta Kumar Mukherjee (DIN: 09022104) as the Non-Executive Independent Director of the Company, to hold office for a period of 5 (five) consecutive years i.e., from 30" January 2026 upto 29"...

ASI Industries Ltd. Invests in Sunsure Solarpark Fifty Two Private Limited ASI Industries Ltd. has made an investment in M/s. Sunsure Solarpark Fifty Two Private Limited (SSFTPL) for the procurement of solar power. As part of the initial transaction, the company subscribed and received an allotment of 1,308 fully paid equity shares.The shares have a face value of Rs. 10 each, with a premium of Rs. 1,384 per share, bringing the total investment to Rs. 18.23 lakhs. This follows a previous communication from the company dated February 10, 2026, regarding the investment in SSFTPL.Source:

Concord Control Systems Ltd. Receives Rs. 84.68 Crore Order from Indian Railways Concord Control Systems Ltd. announced on March 25, 2026, that its wholly owned subsidiary, Advanced Rail Controls Private Limited, has secured an order from Indian Railways. The order, valued at Rs. 84.68 Crores, is for the supply, installation, and commissioning of a Loco wireless control system.The project involves Advanced Rail Controls Private Limited providing a complete solution encompassing supply, installation, and commissioning services. The order is expected to be executed within 18 months.According to details released, the order does not involve any related party transactions, and no promoter, promoter group, or group companies have any...

Maral Overseas Ltd. Issues Letter of Confirmation for Lost Share Certificates Maral Overseas Ltd. announced on March 25, 2026, that MCS Share Transfer Agent Limited, the company's Registrar and Transfer Agent (RTA), has issued letters of confirmation in lieu of duplicate share certificates for a shareholder following a reported loss or misplacement. This action follows a previous notification dated March 9, 2026, regarding the lost certificates.The details of the issued letters of confirmation are as follows:S. No.Folio No.Name of ShareholderOld Certificate No.New Certificate No.No. of SharesDistinctive No.(s) FromDistinctive No.(s) To179924Mahendra Kumar Jain34550104019100345427134543703833510402010038327713832870The...

Aditya Birla Capital Holds Meetings with Analysts and Institutional Investors Aditya Birla Capital Limited participated in a series of meetings with analysts and institutional investors on March 25, 2026, in Mumbai. The meetings were part of Jefferies 2nd India NBFC Access Day.Attendees included representatives from Bajaj Life Insurance, Tata Mutual Fund, Millenium Partners, Mahindra Manulife Mutual Fund, Tara Capital Partners, Franklin Templeton Mutual Fund, Bharti Axa Life Insurance, Temasek, Hornbill, PNB Metlife, Carnelian Advisors, Canara HSBC Life Insurance, Axis Max Life Insurance, and Tata AIA General Insurance.The presentation discussed during the meetings is available on the company’s website at...

JSW Cement Establishes Wholly Owned Subsidiary in UAE JSW Cement Ltd. has incorporated a wholly-owned subsidiary, JSW CEMENT MIDDLEEAST L.L.C - SPC, in Fujairah, UAE, under the jurisdiction of Fujairah Municipality. The incorporation was completed on March 24, 2026.The new entity, operating within the cement industry, will undertake cement-related business activities and related operations. JSW Cement subscribed to the share capital of JSW CEMENT MIDDLEEAST L.L.C - SPC with AED 100,000 in cash. The subsidiary represents 100% ownership for JSW Cement.The company received approval for the incorporation from the Fujairah Municipality. The entity's turnover is currently nil as it is newly incorporated. Further information regarding the...

Kranti Industries Ltd. Announces Promoter Group Share Transactions Kranti Industries Ltd. disclosed changes in securities holdings by promoters and members of the promoter group. These disclosures, dated March 25, 2026, pertain to Mr. Sumit Subhash Vora (HUF), Mr. Sachin Subhash Vora (HUF), and Mr. Sachin Subhash Vora and Mr. Sumit Subhash Vora.According to filings, Sumit Subhash Vora (HUF) gifted 3,00,000 equity shares valued at ₹1,75,47,000 to another party, resulting in a holding of 600 shares (0.0047%). Sachin Subhash Vora acquired 15,271 equity shares for a value of ₹8,70,372 through a gift of shares, increasing his holding to 21,78,212 shares (17.07%). Sumit Subhash Vora also acquired 3,00,000 equity shares for a value of...

Stanley Lifestyles Limited Announces Resignation of Chief Operating Officer Stanley Lifestyles Limited announced on March 25, 2026, that Sijo Martin Joy, Chief Operating Officer of its wholly-owned subsidiary, Stanley Retail Limited (SRL), has resigned from his position. The resignation will be effective March 25, 2026.According to the company, Mr. Joy is leaving to pursue alternate career opportunities outside of SRL. The resignation was approved by SRL.Stanley Lifestyles Limited confirmed that Mr. Joy’s resignation does not stem from any material concerns. He had previously informed the management of his intention to resign in an email dated January 12, 2026, with a final employment day of March 26, 2026, allowing for a notice...

Wisec Global Ltd. Appoints CFO and Internal Auditor Wisec Global Ltd. announced on March 25, 2026, the appointment of Mr. Rakesh Rampal as Chief Financial Officer (CFO) and Mr. Mithlesh Gupta as Internal Auditor. The decisions were made at a board meeting held on March 25, 2026, which commenced at 4:30 P.M. and concluded at 5:00 P.M.Mr. Rakesh Rampal, DIN: 01537696, has been appointed as CFO, effective March 25, 2026, and designated as a Key Managerial Personnel. Mr. Rampal is described as an enthusiastic professional with experience in administration and finance. The appointment is for a term as specified in his appointment letter.Mr. Mithlesh Gupta, DIN: 10665124, was appointed as Internal Auditor, effective March 25, 2026, for a...

Bizotic Commercial Ltd. Receives Final Tranche of Convertible Warrant Consideration Bizotic Commercial Ltd. announced today, March 25, 2026, the receipt of the fifth tranche of consideration for the allotment of convertible warrants. The Board of Directors approved the receipt during a meeting held on the same day.The warrants were issued at a price of Rs. 290.00 each, comprising a premium of Rs. 280.00 and a face value of Rs. 10.00, to promoters and promoter group members on a preferential basis.A total of Rs. 6,71,56,000 has been received in this tranche, with Ms. Sangita Annmol Aggarwala contributing Rs. 5,11,56,000 and M/s. Bizotic Nexus Private Limited contributing Rs. 1,60,00,000.Sanjaykumar Mahavirprasad Gupta, Managing...

Bilcare Limited Notifies Equity Share Allotment to Caprihans India Limited Pune, India – March 25, 2026 – Bilcare Limited, the promoter of Caprihans India Limited (CIL), announced the allotment of 3,30,000 equity shares to CIL on March 25, 2026. The shares were issued upon the conversion of 3,30,000 warrants, representing the fourth tranche of warrant conversion during the financial year 2025-26. Each share has a face value of Rs. 10 with a premium of Rs. 90.Bilcare Limited currently holds 20,20,000 convertible warrants in CIL.Shareholding Changes:The following table details the changes in Bilcare Limited’s shareholding in CIL across the four conversion tranches:Conversion Trance No.Date of AllotmentEquity Shares held prior to...

Asian Hotels (North) Limited Appoints Yogesh Chander Modi as Independent Director Asian Hotels (North) Limited announced the appointment of Yogesh Chander Modi as an Additional Director, categorized as an Independent Non-Executive Director, effective March 25, 2026. The appointment was made following recommendations from the company’s Nomination and Remuneration Committee.Mr. Modi’s appointment is for a term of two years, extending from March 25, 2026, to March 24, 2028, subject to shareholder approval within three months.Mr. Yogesh Chander Modi, a retired 1984 batch officer of the Assam-Meghalaya cadre, brings over 37 years of experience from his tenure in the Indian Police Service (IPS). Previously, he served as Director-General...