Markets

Counter Cyclical Investments Private Limited Discloses Change in DHP India Ltd. Shareholding Nagpur – Counter Cyclical Investments Private Limited, acting as a portfolio manager, reported a change in its shareholding in DHP India Limited as of March 18, 2026, according to a filing. The firm, along with its clients, held 258,334 shares, representing 8.61% of the total share and voting capital, and 8.61% of the total diluted share and voting capital of DHP India Limited prior to the acquisition.Subsequently, the firm acquired 5,167 shares through open market transactions, increasing its total holding to 263,501 shares. This represents 8.78% of the total diluted share and voting capital of DHP India Limited.DHP India Limited’s total...

ICICI Bank Receives Goods and Services Tax Demand of ₹384.34 Crore ICICI Bank Limited announced on March 19, 2026, that it received an order under Section 74 of the Maharashtra Goods and Services Tax Act, 2017. The order, issued by the Additional Commissioner of CGST and CEx., Mumbai East Commissionerate, involves a Goods and Services Tax (GST) demand of ₹384,33,53,972, along with an equivalent amount of penalty and interest. This demand relates to services provided by the bank to customers maintaining specified minimum balances in their accounts.The bank is currently engaged in litigation, including a writ petition, concerning similar issues raised in prior orders and Show Cause Notices. The aggregate amount involved in the current...

Eureka Forbes Schedules Investor Road Show in Singapore Eureka Forbes Limited announced its participation in a Non-Deal Road Show organized by UBS Securities in Singapore. The event is scheduled for March 24, 2026, and March 25, 2026, and will be conducted as one-on-one meetings.During the road show, Eureka Forbes may present its Q3FY26 results and/or Investor Day presentation. The schedule is subject to change due to unforeseen circumstances.Shilpa Jain, Company Secretary & Compliance Officer for Eureka Forbes Limited, disclosed the details of the investor meet.Source:

NBCC to Execute ₹5,800 Crore Rajasthan Mandapam & Allied Infrastructure Project Jaipur is set for a significant infrastructure boost as NBCC (India) Limited will execute the Rajasthan Mandapam Convention Centre and allied urban development and innovation projects, amounting to ₹5,800 crore. The announcement followed a Cabinet approval from the Government of Rajasthan.The project’s scope was expanded from a previous value of approximately ₹3,700 crore. RIICO (Rajasthan State Industrial Development & Investment Corporation) is the client for the work.The project, near Jaipur International Airport, will span over 90 acres with a total built-up area of more than 94.53 lakh sq.ft. It will feature a convention centre (over 9 lakh sq.ft.)...

Titagarh Rail Systems to Form Joint Venture for Vande Bharat Train Maintenance, Provides Guarantee for Subsidiary Titagarh Rail Systems Ltd. announced on March 19, 2026, the formation of a joint venture company with Bharat Heavy Electricals Limited (BHEL) as a special purpose vehicle for maintenance obligations of Vande Bharat Trains. This initiative is part of a consortium agreement with the Ministry of Railways, Government of India (GOI), and aligns with the “Make-in-India” and “Atma Nirbhar Bharat” programs. Umesh Chowdhary, Vice Chairman and Managing Director of Titagarh Rail Systems, is authorized to finalize the joint venture agreement and nominate a representative.Separately, the Board approved providing a corporate guarantee...

Aditya Birla Lifestyle Brands Limited Receives Orders Regarding GST Demand Aditya Birla Lifestyle Brands Ltd. announced receipt of multiple orders dated March 16, 2026, from H.S. Govardhana Rao, Assistant Commissioner, East Division-5 Bangalore-East Commissionerate. The orders, while formally addressed to Aditya Birla Fashion and Retail Limited (ABFRL), relate to the business of Aditya Birla Lifestyle Brands Limited, which was demerged from ABFRL and became effective May 1, 2025.The orders pertain to demand notices issued under OIO numbers 325/GST/AC/ED5/2026, 324/GST/AC/ED5/2026, and additional related orders. The demands are related to disputes regarding the reversal of Input Tax Credit (ITC) on inventory written off / shrinkage for...

Nesco Limited Reaches ₹1,000 Crore Revenue Milestone Nesco Limited announced it has achieved a revenue of ₹1,000 crore in the current financial year. The company cited strong growth momentum and operational performance as contributors to this milestone.This achievement represents a significant step in the company’s growth journey.Source:

Kilburn Engineering Ltd. Announces Resignation of Non-Executive Director Kilburn Engineering Ltd. announced on March 19, 2026, that Aditya Khaitan has resigned from his position as Non-Executive Director, effective March 19, 2026, due to other commitments.Khaitan's resignation is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Details of ResignationParticularsDetailsReason for ChangeResignation due to other commitmentsDate of CessationMarch 19, 2026The company’s website, www.kilburnengg.com, will host the resignation letter.Source:

Punjab Communications Ltd. Appoints New Managing Director Punjab Communications Ltd. (PCL) announced the appointment of Harsuhinder Pal Singh Brar, IAS, as Managing Director, effective March 10, 2026. The appointment replaces Parminder Pal Singh Sandhu, IAS.The decision was approved by the Board during a meeting held on March 19, 2026. Brar was nominated to the role by Punjab Infotech, the company's holding company.Key Details of Harsuhinder Pal Singh Brar, IAS:ParticularsHarsuhinder Pal Singh Brar, IASDIN No.02987207ChangeAppointmentReason for AppointmentNomination by Punjab InfotechDate of AppointmentMarch 10, 2026Brar is currently serving as Director, Higher Education, Punjab, and as Managing Director of...

Amara Raja Energy & Mobility Postpones Investor Meeting Amara Raja Energy & Mobility Limited announced the cancellation of a scheduled meeting with IIFL Capital, originally planned for March 19, 2026, at 4:00 PM IST. The meeting was to be held as an update to previously communicated plans from March 14, 2026. The cancellation was attributed to unforeseen circumstances.Vikas Sabharwal, Company Secretary & Vice President-Legal, confirmed the postponement.Source:

Ecoplast Ltd. Announces Trading Window Closure Ecoplast Ltd. has announced the closure of its trading window for designated individuals, effective April 1, 2026. This action is in accordance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulation, 2015, and the company’s Code of Conduct on Insider Trading.The trading window will remain closed until 48 hours after the Board Meeting where the audited financial results for the quarter and year ended March 31, 2026, are reviewed and approved. The company is registered office is located at National Highway No.8, Water Works Cross Road, Abrama-Valsad 396001, Gujarat. Ecoplast Ltd.’s scrip code on the BSE Limited is 526703.Source:

Bharat Heavy Electricals Limited Board Approves Joint Venture, Investment in BCGCL, and Plant Mergers Bharat Heavy Electricals Limited (BHEL) announced several key decisions following a board meeting held on March 19, 2026. The meeting commenced at 1:11 PM and concluded at 2:40 PM.BHEL has authorized a Joint Venture (JV) agreement with Titagarh Rail Systems Limited to provide comprehensive maintenance for Vande Bharat Sleeper Trains. Clearance from DIPAM is pending, after which the JV agreement will be finalized. Specific details regarding the JV will be disclosed upon signing.The company also approved an investment of ₹3064.46 crore in Bharat Coal GasificaƟon and Chemicals Limited (BCGCL), a joint venture with Coal India Limited...

Bhoruka Supply Chain Solutions Holdings Limited Acquires Shares in Transport Corporation of India Ltd. Bhoruka Supply Chain Solutions Holdings Limited disclosed the acquisition of equity shares in Transport Corporation of India Limited on March 18, 2026, according to a filing submitted to the BSE Limited and National Stock Exchange of India Limited.The acquisition resulted in a change in the holding of shares carrying voting rights. Prior to the transaction, Bhoruka Supply Chain Solutions Holdings Limited held 3,38,60,999 shares, representing 44.1221% of the total share/voting capital and 44.1221% of the total diluted share/voting capital of Transport Corporation of India Limited.The company acquired 1,035 shares through open market...

Apcotex Industries Limited Announces Inter-se Transfer of Shares Apcotex Industries Limited announced that Rita Ashok Parekh, a Promoter Group member, acquired 62,280 shares from Mrs. Rita Ashok Parekh & Mrs. Janaki Parekh, also Promoter Group members, through an inter-se transfer without consideration on March 18, 2026.This transaction was made in reliance upon an exemption provided for in Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition occurred within the timeline specified by the regulations and was filed with the stock exchanges on March 19, 2026.The transaction resulted in the following changes to shareholding details:Shareholding Details...

Asian Paints Receives Trading Plan Approval from Promoter Group Entity Asian Paints Limited announced the approval of a trading plan from Geetanjali Trading and Investments Private Limited, an entity forming part of the Promoter(s)/Promoter Group, on March 19, 2026.The trading plan, submitted on March 17, 2026, details a pledge of equity shares and a purchase of additional shares by Geetanjali. Geetanjali holds a 4.77% stake in Asian Paints as of the date of the plan and is a Core Investment Company registered with the Reserve Bank of India.The trading plan outlines the following actions:Pledge: 12,50,000 equity shares, to occur between July 20, 2026, and July 24, 2026. Purchase (Tranche I): 2,00,000 equity shares between July...

Jetmall Spices and Masala Ltd. Relocates Registered Office Jetmall Spices and Masala Limited announced the relocation of its registered office effective March 19, 2026. The new registered office is located at Ground Floor, Plot No.14, IT Park, Chandigarh-160101, India.The board of directors approved the move during a meeting held on Thursday, March 19, 2026, which began at 2:00 PM IST and concluded at 2:20 PM IST. Unni Krishnan Nair, Manager and Whole-time Key Managerial Personnel, represented the company.Source:

J.K. Cement Subsidiary Resolves Legal Metrology Matter, Pays Compounding Fee J.K. Cement Limited announced on March 19, 2026, that its subsidiary, J. K. Cement Saifco Private Limited (Saifco), has resolved a matter with the office of Deputy Controller Legal Metrology Department in the Union Territory of Jammu and Kashmir. Saifco had previously received a notice on March 9, 2026, from the Department.The Department has passed an order compounding the offense upon payment of a fee of Rs. 1,00,000. The company received information regarding this order on March 18, 2026.According to a statement from J.K. Cement, the resolution has no material financial impact on the company's operations.Details of the OrderSr...

M&B Engineering Ltd. Shareholders Approve Key Resolutions Through Postal Ballot M&B Engineering Ltd. announced today, March 19, 2026, that resolutions ratifying the M&B Engineering Limited Employee Stock Option Plan 2024 and granting employee stock options to group company employees have been duly passed through a postal ballot and e-voting process.According to the results, 4,41,62,578 shareholders, representing 97.08% of the votes cast, approved the ratification of the Employee Stock Option Plan 2024. Similarly, 4,41,62,578 shareholders, also representing 97.08%, approved the grant of employee stock options. A total of 13,27,999 shareholders cast votes against the resolutions, representing 2.92% each.The voting period, which began...

TARC Limited Launches 'Ishvara' at TARC Ishva, Expanding Development Footprint New Delhi, March 19, 2026 – TARC Limited announced the launch of TARC Ishvara, located in Sector 634, Gurugram. The launch follows RERA approval for an additional phase, marking the completion of a residential ecosystem designed for openness, proportion, and architectural discipline.The introduction of Ishvara has been enabled by the acquisition of an adjoining land parcel, expanding the total development area to over 9 acres. The development now comprises six towers with 518 residences, increasing the overall development footprint to nearly 1.7 million sq. ft. This expansion brings the development's Gross Development Value (GDV) to ₹3,600 crore. The...

M&B Engineering Ltd. Shareholders Approve Employee Stock Option Plan Ratification M&B Engineering Ltd. announced that resolutions related to the ratification of its Employee Stock Option Plan 2024 (ESOP) and the grant of employee stock options to group company employees were passed by shareholders through a postal ballot and e-voting process. The results, declared on March 19, 2026, were based on voting concluded on March 18, 2026.According to the scrutineer’s report from Kasbyap R. Mehta & Partners, 4,41,62,578 shares, representing 97.08%, voted in favor of the resolution ratifying the M&B Engineering Limited Employee Stock Option Plan 2024, while 13,27,999 shares, or 2.92%, voted against it. A similar outcome was observed for the...