Markets

Gujarat Industries Power Company Limited Appoints Head of Renewable Energy Business Vadodara, Gujarat, March 18, 2026 – Gujarat Industries Power Company Limited announced a change in leadership for its Renewable Energy business today. Effective March 18, 2026, Shri Jitendra Singh Ranawat has been designated as 'Head of Management' for the Renewable Energy Business and also serves as 'Factory Manager' for all Renewable Energy sites located in Gujarat.The appointment, made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, designates Ranawat to oversee the strategic direction and operational management of the company’s renewable energy initiatives.A profile for Shri Jitendra Singh Ranawat was...

Amrutanjan Health Care Limited Responds to News Item, Clarifies Madras High Court Order Amrutanjan Health Care Limited clarified on March 18, 2026, that negotiations regarding a previously reported matter were not ongoing. The company’s response follows a query from the National Stock Exchange of India Limited (NSE) and BSE Limited concerning a news item and trading activity.The news item referred to Writ Petition No. 35484 of 2005, which was recently decided by the Madras High Court. The company received a copy of the order late on March 17, 2026. According to Amrutanjan, the petition sought to declare a proviso to Section 34A(5) of the Tamil Nadu Hindu Religious and Charitable Endowment Act 1959 as illegal. The Madras High Court...

Starlight Trust Acquires 72.42% Stake in Hardcastle & Waud Manufacturing Company Ltd. Mumbai – Starlight Trust has acquired a 72.42% stake in Hardcastle & Waud Manufacturing Company Ltd. from Shri Achal Jatia, a promoter of the company. The acquisition was made under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The transaction was undertaken following a SEBI exemption order dated February 26, 2026, with reference number WTM/KCV/CFD/23/2025-26, and a subsequent Corrigendum to the Exemption Order dated March 9, 2026, bearing reference number WTM/KCV/CFD/23A/2025-26.According to the filing, the aggregate shareholding of the promoter and promoter group...

Sansera Engineering Ltd. Announces Trading Window Closure Sansera Engineering Ltd. has announced a closure of its trading window for designated persons and employees, effective Wednesday, April 1, 2026. This action aligns with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal "Code of Conduct."The trading window will remain closed until 48 hours after the announcement of the company's financial results for the quarter and year ending March 31, 2026.The date for the Board of Directors' meeting to approve the financial results will be communicated separately.Rajesh Kumar Modi, Company Secretary and Compliance Officer, made the announcement.Source:

Patel Engineering to Participate in Valorem Conference Patel Engineering Ltd. will participate in the 11th Annual Valorem Conference-Resilient Corporates, Relentless India, hosted by Valorem Advisors. The conference will be held on Monday, March 23, 2026, at the Grand Hyatt-Kalina in Mumbai.Company officials will engage with analysts and investors throughout the day, from 9:00 AM to 6:00 PM, in a group meeting format. Discussions will be based on publicly available information.A schedule of the event is provided below:Day & DateTime (IST)ParticipantsMeeting ModeType of MeetingMonday, March 23, 20269.00 AM to 6.00 PMAnalysts/InvestorsPhysical (In Person)GroupThe company noted that the schedule is subject to change due to...

Rahul Timbadia Acquires 45,000 Shares in La Tim Metal & Industries Ltd. Rahul Maganlal Timbadia, a promoter of La Tim Metal & Industries Limited, acquired 45,000 equity shares of the company on March 17, 2026, according to a regulatory filing. The acquisition was made through open market transactions.Prior to the acquisition, Timbadia held 1,16,46,550 shares, representing 8.79% of the company’s total share/voting capital and diluted share/voting capital. Following the purchase of the additional 45,000 shares, Timbadia’s total holding increased to 1,16,91,550 shares, representing 8.82% of the company’s total share/voting capital and diluted share/voting capital.La Tim Metal & Industries Limited has a share capital of 13,06,30,626...

CG Power and Industrial Solutions Schedules Analyst Meeting CG Power and Industrial Solutions Limited announced it will meet with analysts and institutional investors on Friday, March 20, 2026. The meeting will be organized by Avendus Spark Institutional Equities Private Ltd. The company noted that the schedule is subject to change due to unforeseen circumstances.Source:

Awfis Surpasses 100 Centres in South India, Exceeding 70,000 Seats National, March 18, 2026 – Awfis Space Solutions Limited, India's largest flexible workspace solutions provider, has reached a milestone of 100 centres across South India, including operational and under fit-out locations. The company's southern portfolio now encompasses over 3.1 million square feet of chargeable workspace area, providing a total seat capacity exceeding 70,000 seats across Bengaluru, Hyderabad, Chennai, and Kochi.Awfis currently serves over 3,400 clients in India, with 64% being multinational corporations, 25% being small and medium-sized enterprises, and the remainder being startups and entrepreneurs. Bengaluru represents the largest market, followed...

DCM Shriram International Responds to Price Movement Inquiry Mumbai – DCM Shriram International Ltd. addressed concerns regarding recent share price activity in a communication to the BSE Limited on March 18, 2026. The response follows a letter from the exchange dated March 17, 2026, regarding a significant movement in the company’s equity shares.DCM Shriram International clarified that its shares have been listed and admitted for dealings on the exchanges since February 17, 2026. The company stated that the recent price movement reflects market perception and is determined by market forces.The company also noted that it complied with disclosure requirements under Regulation 30 of the SEBI (LODR) Regulations, 2015. It further...

Axis Bank to Infuse ₹1,500 Crore in Axis Finance Limited Axis Bank Limited announced on March 18, 2026, that its Acquisitions, Divestments and Merger Committee approved a proposal to infuse ₹1,500 crore in Axis Finance Limited (AFL). The investment will be made in one or more tranches before March 31, 2027, through subscription to the Rights Issue of AFL.The Reserve Bank of India approved the investment via a letter dated March 10, 2026.According to information provided, Axis Finance Limited, a wholly owned subsidiary of Axis Bank, reported a turnover of ₹2,504 crore for the half year ended FY26. The acquisition falls under related party transactions, and the investment will be executed on an arm’s length basis.The table below...

Mankind Pharma Acquires Rivotril Brand, Bolsters CNS Therapy Focus New Delhi, March 18, 2026: Mankind Pharma Limited announced today the acquisition of the Rivotril brand from Roche for the Indian market. The agreement grants Mankind Pharma exclusive rights to manufacture, market, and distribute the product throughout the country.Rivotril is the innovator brand of clonazepam and is widely prescribed for the management of neurological and psychiatric conditions. The acquisition reinforces Mankind Pharma's focus on chronic and central nervous system (CNS) therapies, complementing its existing neuro portfolio.Atish Majumdar, Senior President, Sales & Marketing, Mankind Pharma Specialty Business, stated that the acquisition aligns with...

Uno Minda Limited Allots Shares Under Employee Stock Option Scheme Uno Minda Limited announced the allotment of 5,420 equity shares under the Uno Minda Employees Stock Option Scheme 2019, according to a filing on March 18, 2026. The Nomination & Remuneration Committee approved the allotment on March 17, 2026, following the exercise of options by grantees.The company is currently seeking listing of the newly allotted shares on both the National Stock Exchange of India Limited (NSE) and BSE Limited.As a result of this allotment, the paid-up equity share capital of the company has increased from Rs. 1,15,48,32,792 to Rs. 1,15,48,43,632.Details regarding the share allotment are provided in Annexure-1. The exercise price per share...

LTIMindtree Recognized as NVIDIA Partner Network ‘Rising Star Consulting Partner of the Year’ Mumbai, India – March 18, 2026 – LTIMindtree Limited, a global technology services and consulting company, has been named the NVIDIA Partner Network (NPN) ‘Rising Star Consulting Partner of the Year’ at NVIDIA GTC 2026. The recognition acknowledges LTIMindtree's collaborative relationship with NVIDIA and its role in assisting enterprises in implementing AI solutions at scale.The NVIDIA Partner Network (NPN) facilitates a global ecosystem of partners working with NVIDIA to deliver AI solutions. Partnership involves close collaboration to help clients transition from AI pilots to enterprise-scale deployments. LTIMindtree combines NVIDIA’s AI...

Karur Vysya Bank Announces Postal Ballot Notice for Key Appointments Karur Vysya Bank Ltd. announced on March 18, 2026, that it is seeking shareholder approval through a postal ballot for the re-appointment of key personnel. The announcement, made in compliance with the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows a Postal Ballot Notice dated March 4, 2026.The resolutions include the re-appointment of Shri B Ramesh Babu as Managing Director & Chief Executive Officer (CEO) for a third term of two years and the re-appointment of CA Dr Chinnasamy Ganesan as Non-Executive Independent Director for a second term of five years.Key Details of Resolutions:Sl...

Thomas Cook (India) Ltd. to Consider Corporate Restructuring and Capital Structure Streamlining Thomas Cook (India) Ltd. announced that a meeting of its Board of Directors will be held on Friday, March 20, 2026, to consider and approve a corporate restructuring proposal and streamline the company’s existing capital structure.The announcement follows a closure of the trading window for designated individuals and their immediate relatives, effective March 18, 2026, and continuing through March 22, 2026, in accordance with the company’s insider trading prevention policy.Source:

Godrej Properties Acquires 20-Acre Land Parcel Near Bengaluru’s Whitefield Godrej Properties Limited (GPL) announced the acquisition of a ~20-acre land parcel in East Bengaluru, near Whitefield. The company plans to develop a premium residential project on the site with an estimated revenue potential of approximately INR 1,350 crore.The land parcel is located near NH-648 Main Road within the Whitefield growth corridor, a hub for technology firms and service-led employment. The area benefits from proximity to the Whitefield-ITPL region, access to the NH-648 corridor, and operational metro stations at Kadugodi and Hopefarm.The micro-market has seen stable residential demand driven by end-user interest across mid and premium housing...

Sugs Lloyd Ltd. Secures Rs. 639.24 Crore Contract from Konkan Railway Corporation Limited Sugs Lloyd Ltd. announced on March 18, 2026, that it has received Letters of Award (LOA) from Konkan Railway Corporation Limited for a significant plant contract. The total order value, including Goods and Services Tax (GST), amounts to Rs. 639.24 crores (Rupees Six Hundred Thirty Nine Crore and Twenty Four Lakhs Only).The contract encompasses the supply, installation, testing, and commissioning of plant equipment, including SCADA-DMS work, for projects being executed by Konkan Railway Corporation Limited. The work is expected to be completed within 24 months from the date of the Letters of Award.Key details of the contract are summarized...

Reliance Industries Faces Customs Order, Plans Appeal Reliance Industries Limited announced it received an order from the Additional Commissioner of Customs, Mundra, levying a redemption fine and penalty totaling Rs. 17,06,958. The order, dated March 16, 2026, alleges the company discharged a lesser customs duty due to the incorrect classification of imported goods in a Bill of Entry.The company received the order via email on March 17, 2026, at 09:49 a.m. (IST). Reliance Industries intends to file an appeal against the order.The financial impact of the order is limited to the levied redemption fine and penalty amount. According to the company, the order has no impact on its operations or other activities.Source:

Acme Solar Holdings Limited Announces Further Wind Power Project Commissioning Acme Solar Holdings Limited announced the commissioning of an additional 8 megawatts (MW) of capacity at its wind power project, bringing the total commissioned capacity to 84 MW out of the total 100 MW project. The project is located at Village: Titoda, Taluka: Sayla, Dist: Surendranagar, Gujarat, and is managed by ACME Eco Clean Energy Private Limited, a subsidiary of Acme Solar Holdings Limited.The commissioning was confirmed by officials from Gujarat Energy Development Agency ('GEDA') and Paschim Gujarat Vij Company Limited ('PGVCL'). A formal certificate is expected to be issued shortly. This update follows previous announcements dated October 17...

BF Utilities Limited Appoints Independent Woman Director, Addresses NSE Compliance Concerns BF Utilities Limited (BFUL) announced on March 17, 2026, that it has appointed an Additional, Non-Executive Independent Woman Director to the company. The appointment, recommended by the Nomination and Remuneration Committee, is for a period of three consecutive years, effective March 17, 2026, to March 16, 2029, and is subject to shareholder approval via postal ballot.The move comes after the company addressed concerns raised by the National Stock Exchange of India (NSE) regarding non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically related to the composition of the...