Markets

Shree Refrigerations Ltd. Receives Order from Indian Navy Shree Refrigerations Limited announced on March 18, 2026, that it has received an order from the Indian Navy, Controller of Procurement, Material Organisation, Mumbai. The order is for the supply of multiple spare items for a B Class Ship.The order, valued at Rs. 2,41,22,007 (Rupees Two Crore Forty One Lakh Twenty Two Thousand and Seven Only), excluding GST, is a domestic order. The delivery timeline is set for March 18, 2027.According to the company, neither the entity awarding the order nor any related parties have any interest in Shree Refrigerations Limited. The order does not constitute a related party transaction.Name of the entity awarding the...

UltraTech Cement Announces Developments on March 18, 2026 UltraTech Cement Ltd. reported developments on March 18, 2026. Further details regarding these developments were not provided.Source:

Afcons Infrastructure Limited Sets Record Date for Commercial Paper Maturity Afcons Infrastructure Limited announced a record date of March 24, 2026, for the maturity of a commercial paper (CP) issuance. The CP, amounting to Rs. 30 Crores, was initially issued on November 14, 2025, and is listed on the National Stock Exchange of India.The commercial paper has an ISIN of INE101I14ES8 and is scheduled to mature on March 25, 2026.Sl. No.ParticularsDetails1Issue SizeRs. 30 Crores2ISININE101I14ES83Date of IssueNovember 14, 20254Date of MaturityMarch 25, 20265Record DateMarch 24, 20266Listed/ UnlistedListed on National Stock Exchange of IndiaSource:

Dhruv Consultancy Services Limited Ranked Among Top Consultants Nationwide Dhruv Consultancy Services Limited announced on March 18, 2026, that it has been ranked sixth out of 57 consultants nationwide by the National Highways Authority of India (NHAI). The ranking follows a performance evaluation and rating exercise conducted by NHAI to assess AE/IE Consultants based on transparency, quality, and continuous improvement in consultancy services. The assessment was communicated to the company via a letter dated March 17, 2026. Dhruv Consultancy Services Limited operates under Security Code 541302 and Security ID DHRUV, with ISIN INE506Z01015.Tanvi T Auti, Managing Director, confirmed the update.Source:

Infosys to Establish Subsidiary in Australia Infosys Limited announced March 18, 2026, that its wholly-owned subsidiary, Infosys Singapore Pte Ltd, has approved the incorporation of a new wholly-owned subsidiary, Infosys Enterprise Business Services Pty. Ltd., in Australia. The subsidiary will be registered under an available name in the Australian commercial register. Further details will be provided at a later date. The information will also be available on the company website at www.infosys.com.Source:

Sri Lotus Developers and Realty Limited Incorporates Wholly Owned Subsidiary Sri Lotus Developers and Realty Limited announced the incorporation of a wholly owned subsidiary company, Sri Lotus Grand Abodes Private Limited, on March 18, 2026. The new entity, based in India, has a Corporate Identification Number of U68200MH2026PTC469563.Sri Lotus Grand Abodes Private Limited was incorporated with an authorized capital of Rs. 10,00,000 and a paid-up capital of Rs. 10,00,000. The Wholly Owned Subsidiary will operate in the real estate and development/redevelopment of residential and/or commercial projects sector.The incorporation involved a cash consideration of Rs. 10,00,000, representing a 100% subscription to the equity share capital...

Mobavenue AI Tech Limited Announces Board Decisions Mobavenue AI Tech Limited (Formerly known as Lucent Industries Limited) announced several key decisions following a Board of Directors meeting held on March 18, 2026. The company approved a sub-division/split of its equity shares and alterations to its Memorandum of Association. Additionally, personnel changes were announced, including a CFO transition and appointments.The Board approved a sub-division/split of one equity share with a face value of Rs. 10 into five equity shares with a face value of Re. 2 each. This decision aims to enhance liquidity, making shares more accessible to a wider base of investors. The record date for the sub-division will be announced in due course...

ICICI Bank Schedules Board Meeting to Review Financial Results and Consider Dividend ICICI Bank Limited has announced that a meeting of its Board of Directors is scheduled for Saturday, April 18, 2026. The primary agenda for the meeting includes the review and approval of audited financial results, both standalone and consolidated, for the quarter and year ending March 31, 2026. The board will also consider a dividend recommendation for the financial year ending March 31, 2026.In compliance with regulatory guidelines, the trading window for securities of the bank will be closed for designated individuals, including directors and their immediate relatives, from April 1, 2026, to April 20, 2026, inclusive.Source:

Kallam Textiles Receives Caveat Petition in High Court of Telangana Kallam Textiles Limited announced on March 18, 2026, that it has received a caveat petition in the High Court of Telangana at Hyderabad. The petition was served by an advocate on behalf of Union Bank of India.The caveat petition, filed under Section 148-A of the Code of Civil Procedure, relates to a loan facility availed by Kallam Textiles. Union Bank of India initiated proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, including a demand notice dated September 11, 2024, possession notice dated September 12, 2025, and a sale/auction notice dated February 6, 2026. The auction is...

IOL Chemicals and Pharmaceuticals Receives Disclosure of Securities Holding Change from Promoter Group Entity IOL Chemicals and Pharmaceuticals Limited announced that it received a disclosure from Mayadevi Polycot Limited, a promoter group entity, regarding changes in securities holdings. The disclosure was made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.According to the disclosure, Mayadevi Polycot Limited held 6,32,37,010 equity shares, representing 21.54% of the company, prior to the acquisition. Following a purchase, the entity now holds 6,38,91,133 equity shares, equating to 21.76% of the company. The transaction occurred on March 17, 2026, with a value of 4,47,17,289.The...

Ahluwalia Contracts (India) Ltd. Secures Airport Development Project Worth Rs. 393.04 Crores Ahluwalia Contracts (India) Limited has been awarded a project by the Airport Authority of India (AAI) for the development of a new greenfield airport in Bundi, Kota, Rajasthan. The project, valued at Rs. 393.04 Crores (excluding GST), involves building construction and is expected to be completed within 18 months.The contract was awarded by a domestic entity, and neither the promoter group nor group companies have any interest in the awarding entity. The project does not constitute a related party transaction.DetailDescriptionAwarding EntityAirport Authority of India (AAI)Project DescriptionDevelopment of New Greenfield Airport...

Zydus Lifesciences and Torrent Pharma to Co-Market Semaglutide Injection in India Ahmedabad, March 18, 2026 – Zydus Lifesciences Limited and Torrent Pharmaceuticals Limited have entered into a licensing and supply agreement to co-market Semaglutide Injection in the Indian market.Under the agreement, Zydus will manufacture and supply the product, while Torrent Pharma has secured semi-exclusive rights to co-market the product in India under its brand name SEMBOLIC TM. Zydus will market the product under its brands SEMAGLYN TM, MASHEMA TM, and ALTERME TM. Torrent Pharma will pay an upfront licensing fee to Zydus.Zydus has developed an innovative formulation of Semaglutide Injection (15 mg/3 ml) in a prefilled cartridge administered...

IOL Chemicals and Pharmaceuticals Receives Disclosure Regarding Promoter Group Entity’s Share Acquisition IOL Chemicals and Pharmaceuticals Limited (IOLCP) announced on March 18, 2026, that it received a disclosure from NCVI Enterprises Limited, a Promoter Group entity, regarding a change in shareholding under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.According to the disclosure, NCVI Enterprises Limited acquired 700,000 equity shares of IOL Chemicals and Pharmaceuticals Limited on March 16, 2026, for a value of 4,82,20,990. This acquisition was made on the market.Following the acquisition, NCVI Enterprises Limited's total holdings in the company increased to 4,75,50,695 equity shares...

Apar Industries Limited Approves Additional Investment in Subsidiary and Associate Company March 18, 2026 – Apar Industries Limited announced that its Board of Directors approved several transactions at a meeting held today, March 18, 2026.The board authorized an additional investment of up to USD 5 million in its wholly-owned subsidiary, APAR USA LLC (formerly CEMA Wires & Cables LLC), based in the USA. APAR USA LLC reported nil turnover for FY 2024-25.Additionally, the board approved a proposed Shareholders' Agreement and Energy Supply Agreement, along with other relevant agreements, for availing wind and solar hybrid power generation facilities. This initiative involves an investment of up to Rs. 10.76 crores in the company’s...

Bajaj Consumer Care Limited Announces Resignation of Head-Internal Audit March 18, 2026 – Bajaj Consumer Care Limited announced the resignation of Harshit Shah, Head-Internal Audit, effective March 31, 2026. The company has accepted Shah’s resignation.Shah is leaving to pursue a new career opportunity. He expressed gratitude for the opportunities, confidence, and support received during his tenure and committed to ensuring a smooth handover.The following details regarding the change are provided in accordance with regulatory requirements:ParticularsDescriptionReason for changeResignation from the position of Head-Internal Audit to pursue opportunities outside the organization.Date of CessationMarch 31, 2026Brief...

Raj Television Network Ltd Announces Inter-se Transfer of Shares Raj Television Network Limited announced on March 18, 2026, an inter-se transfer of shares amongst the promoter group. M Ravindran acquired 14,00,000 equity shares, representing 2.6968%, held by R Vijayalakshmi.The transaction falls under the general exemption provided by Regulation 10(1)(a)(i) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. According to the company, the aggregate holding of the promoter and promoter group remains unchanged as a result of this transfer.Shareholding DetailsThe shareholding details prior to and following the transaction are presented below:ShareholderBefore...

Standard Capital Markets Limited Announces Additional ₹ 100 Crore Fund Infusion by Promoter Group New Delhi, March 18, 2026 – Standard Capital Markets Limited (SCML), a Non-Banking Financial Company (NBFC), announced a further infusion of ₹ 100 Crore by its Promoter Group. This follows a previous infusion of ₹ 195 Crore disclosed on December 2, 2025.With this latest infusion, the total financial support from the Promoter Group now stands at ₹ 295 Crore.The additional capital is intended to strengthen SCML's balance sheet, enhance liquidity, and position the Company to capitalize on emerging growth opportunities within the financial services sector, which is witnessing evolving opportunities and increasing demand for structured...

BEML Limited Secures First Overseas Metro Rolling Stock Order BEML Limited has received a Letter of Intent for the Design, Manufacture, Supply, Testing, and Commissioning of Standard Gauge Metro Rolling Stock for a region in Africa. This marks the company’s first overseas order for metro rolling stock.The order, valued at approximately USD 60 million, involves the supply of stainless-steel standard gauge metro rolling stock.Source:

Maruti Infrastructure Limited Announces Demise of Independent Director, Explains Disclosure Delay Maruti Infrastructure Limited reported the passing of Independent Director Shrikant N. Jhaveri on Sunday, March 15, 2026. The company conveyed its condolences to Jhaveri’s family and acknowledged the benefit of his advice to the board during his tenure.The company explained a delay in the disclosure of Jhaveri’s passing. Maruti Infrastructure Limited stated the delay was inadvertent and resulted from the company not being immediately aware of his demise within the required timeframe. The information was subsequently conveyed, leading to the disclosure to the exchange at the earliest opportunity.The company affirmed there was no...

Simplex Castings Ltd. Secures ₹13.02 Crore Order from ThyssenKrupp Group Bhilai, 18th March 2026: Simplex Castings Limited (BSE: 513472), a leading Indian precision metallurgy company, announced today the receipt of a ₹13.02 crore order from Thyssenkrupp Group, a global leader in coke plant technologies and engineering solutions.The order includes supply of 80 sets of Zero-Leakage Coke Oven Doors and High-Grade Pusher Side Doors, along with 10 sets of mechanical plungers and helical springs for pusher side doors.Simplex Castings' doors are designed to deliver zero leakage, featuring a high sealing performance 8-10 times superior to conventional designs, extended lifespan, and easy maintenance. The technology was developed in...