Markets

Ceigall India Limited Secures Contracts from Punjab Infrastructure Development Board Ceigall India Limited announced on March 17, 2026, that its wholly-owned subsidiary, Ceigall Infra projects Private Limited (CIPPL), has been awarded two contracts by the Punjab Infrastructure Development Board. The contracts were secured following a financial bid opening on March 16, 2026.The contracts, awarded under a Hybrid Annuity Model (HAM), involve the construction and development of World Class Urban Streets in Ludhiana. One contract, Tender ID 2026_DOF_158211_2, is valued at Rs. 108.00 crore. The second contract, Tender ID 2026_DOF_158228_2, is valued at Rs. 99.00 crore. Both projects include an 8-month construction period followed by a...

Hero MotoCorp Withholds Interim Dividend for Shareholders with Incomplete KYC Details Hero MotoCorp Limited announced on March 17, 2026, that it has withheld the interim dividend for certain shareholders due to incomplete Know Your Customer (KYC) details. The action follows regulations mandated by the Securities and Exchange Board of India (SEBI) circulars dated November 3, 2021, December 14, 2021, March 16, 2023, November 17, 2023, June 10, 2024, and master circulars dated May 7, 2024, and June 23, 2025.Shareholders are requested to update their KYC details, including PAN, contact information, mobile number, and bank account details, to receive the withheld dividend. Payments will be made through electronic mode only.The company...

Paramount Communications Limited Reports Share Acquisition by Promoters Paramount Communications Limited announced that it received disclosures from Whole Time Director & Promoter Sanjay Aggarwal and Managing Director & Promoter Sandeep Aggarwal regarding market purchases of the company’s equity shares on March 16, 2026.According to the disclosures, Sanjay Aggarwal and Sandeep Aggarwal, along with other persons acting in concert (PACs) including Shashi Aggarwal, Kamla Aggarwal, Archana Aggarwal, Dhruv Aggarwal, Parth Aggarwal, Tushar Aggarwal, Shyam Sunder Aggarwal HUF, and Parul Aggarwal HUF, acquired a total of 80,000 shares and 61,896 shares, respectively, through open market transactions.Prior to the acquisition, the combined...

Subex Secures Enterprise Asset Management Engagement with North African Telecom Operator Bengaluru, India, March 17, 2026 – Subex, a provider of telecom AI solutions, announced today that a leading North African Telecom operator has selected the company for an Enterprise Asset Management (EAM) engagement. The operator is part of a larger, multi-country telecom group.The agreement involves the deployment of Subex’s HyperSense solutions, enabling a flexible, governance-first EAM approach that integrates seamlessly with Enterprise Resource Planning (ERP), Geographic Information System (GIS), and Network Management System / Element Management System (NMS/EMS) systems. The solution provides centralized 360° asset visibility, Fixed Asset...

KCP Sugar and Industries Corporation Ltd. Reports Share Acquisition KCP Sugar and Industries Corporation Limited announced that Mr. Vinod R. Sethi acquired shares in the open market. The acquisition, disclosed on March 17, 2026, reflects a purchase of 50,000 equity shares, representing 0.04% of the company’s total issued and paid-up share capital.Following the acquisition, Mr. Sethi’s holding increased to 7,98,610 equity shares, representing 0.68% of the total issued and paid-up share capital. The total diluted share/voting capital remains at 11,33,85,050 equity shares of Re 1/- each.Mr. Vinod R. Sethi, the Promoter and Executive Chairman, is considered a Promoter of the company. The acquisitions occurred on March 9, 10, and 13...

Sasken Technologies Schedules Board Meeting on March 24, 2026 Sasken Technologies Limited announced that a meeting of its Board of Directors is scheduled for Tuesday, March 24, 2026. The meeting will address business-related matters.The company’s stock traded under the ticker symbols 532663 and SASKEN on the BSE Limited and National Stock Exchange of India Limited, respectively.Source:

Carborundum Universal Limited Receives ESG Rating from SES ESG Research Private Limited Carborundum Universal Limited has been assigned an Environmental, Social, and Governance (ESG) rating by SES ESG Research Private Limited, a SEBI-registered ESG Rating Provider. The rating was independently prepared by SES ESG Research Private Limited based on publicly available information.The report is available on the websites of the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). Links to the reports are accessible at:BSE...

Lokesh Machines Limited Receives Order Worth Rs. 9,50,01,741 from SSB March 17, 2026 – Lokesh Machines Limited announced today the receipt of an order from the Directorate General, Sashastra Seema Bal (SSB), Ministry of Home Affairs, Government of India. The order, valued at Rs. 9,50,01,741 (inclusive of all duties and taxes), is for the supply of latest SMG (9x19mm Carbine) along with accessories.The order is to be executed within 180 days from the date of the Letter of Award (LOA).According to details released, the order falls under domestic procurement and does not involve any related party transactions.DetailInformationEntity Awarding OrderDirectorate General, Sashastra Seema Bal (SSB) , Ministry of Home Affairs...

JK Cement Subsidiary Receives Notice Regarding Packaging Compliance JK Cement Limited announced on March 17, 2026, that its subsidiary, J. K. Cement Saifco Private Limited, received a notice from the Office of Deputy Controller, Legal Metrology Department (Enforcement) in Jammu and Kashmir on March 16, 2026. The notice, dated March 9, 2026, directed the company to halt the packaging of cement products and review their weight.According to the notice, the alleged violations include a lack of packaging registration, a non-functional customer care number, and unverified electronic weighing scales. JK Cement Saifco has requested an extension from the department to respond to the notice.The company reported that the action is not expected...

Tata Steel Approves Scheme of Amalgamation with Neelachal Ispat Nigam Limited and Investment in T Steel Holdings Pte. Ltd. Tata Steel Limited announced its Board of Directors approved several key initiatives during a meeting held on March 17, 2026. The decisions include a scheme of amalgamation with Neelachal Ispat Nigam Limited (NINL), a wholly owned subsidiary, and an investment in T Steel Holdings Pte. Ltd. (TSHP), also a wholly owned subsidiary. Additionally, the company approved the acquisition of a stake in Medica TS Hospital Private Limited, a subsidiary company.Scheme of Amalgamation with Neelachal Ispat Nigam Limited The Board approved the Scheme of Amalgamation between NINL and Tata Steel, to be implemented in accordance...

BF Utilities Limited Appoints Mugdha Rajesh Vartak as Additional Independent Director BF Utilities Limited announced the appointment of Mrs. Mugdha Rajesh Vartak as an Additional, Non-Executive Woman Independent Director, effective March 17, 2026. The appointment was approved by the Board of Directors at a meeting held on the same date.Mrs. Vartak’s appointment is subject to shareholder approval via postal ballot and will be valid for a period of three consecutive years, until March 16, 2029.According to company information, Mrs. Vartak is a strategic HR leader with over 20 years of experience across various sectors including IT, consulting, automotive, and education. Her expertise encompasses strategic management, leadership...

Force Motors Ltd. Shareholders Approve Director Appointments Force Motors Ltd. announced that its shareholders have approved the appointment of three Independent Directors via a Postal Ballot process concluded on March 14, 2026. The results, scrutinized by Parag Pansare, Practicing Chartered Accountant (Membership No. 117309), were submitted on March 16, 2026.The appointments include Gautam Hemant Bambawale (DIN: 08365776), Nitin Nandkishor Kareer (DIN: 01624863), and Lt. Gen. Vinod Gulabrao Khandare (Retd.) (DIN: 11363013), each for a term of 5 years, effective December 19, 2025, January 29, 2026.Summary of Resolutions and Voting Results:The following table summarizes the results of the special resolutions:Resolution No. 1...

DSM Fresh Foods Ltd. Incorporates Subsidiary, Varuna Aquatech Private Limited DSM Fresh Foods Limited announced the incorporation of a new subsidiary, Varuna Aquatech Private Limited, on March 17, 2026. The move aligns with the company’s strategy to expand into the aquaculture and allied business sector.The Board of Directors approved the establishment of Varuna Aquatech Private Limited, which will focus on seafood and related allied activities. The authorized share capital of the subsidiary is set at ₹10,00,000, with a paid-up share capital of ₹1,00,000.DSM Fresh Foods Limited will hold a 71% stake in Varuna Aquatech Private Limited. Rajnish Kumar will acquire 20% of the subsidiary’s share capital, while Akhil Gupta will own 9%...

PVV Infra Ltd. Cancels Record Date for Stock Split, New Date to be Determined PVV Infra Ltd. announced the cancellation of the record date initially set for March 27, 2026, concerning the proposed stock split. The company previously communicated on February 10, 2026, that March 27, 2026, would serve as the record date to determine shareholder eligibility for the stock split.The Board of Directors will now decide on a new record date. A revised date will be communicated to the stock exchanges and shareholders upon the Board's decision. The company expressed regret for any inconvenience and thanked stakeholders for their continued support.PVV Infra Ltd.'s stock trades on the BSE under the scrip code 536659.Source:

ZIM Laboratories Limited Constitutes Advisory Board on Strategic & Business Development Matters ZIM Laboratories Limited announced the constitution of an Advisory Board on March 17, 2026, through a circular resolution by its Board of Directors. The board approved the establishment of the Advisory Board to provide independent advice and strategic guidance on business development and related matters to the management and the Board.The Advisory Board's scope includes offering advice and guidance on long-term vision, mission, and growth strategy; assisting in implementation of company objectives, goal setting, strategies, and a measurable framework; and providing inputs on market expansion, new business lines, brand strategy, industry...

Anand Rathi Share and Stock Brokers Limited Reports Fraudulent Share Transfer, FIR Registered March 17, 2026 – Anand Rathi Share and Stock Brokers Limited announced that the Deccan Police Station in Pune has registered a First Information Report (FIR) regarding an off-market transfer of shares, following an initial complaint filed with the Pune Police station and N.M. Joshi Police Station. The incident, which involves approximately Rs. 13 crore, was initially reported on February 6, 2026.The FIR was registered on March 16, 2026, at 8:41 P.M.According to an annexure detailing the event, the estimated impact on the listed entity is approximately Rs. 13 crore. Investigations are underway to determine the individuals involved. The...

Prakash Woollen & Synthetic Mills Ltd. Receives Rs. 3.85 Crore Subsidy for Expansion Project Prakash Woollen & Synthetic Mills Ltd., a manufacturer, exporter, and importer of mink blankets, announced it has received a subsidy of Rs. 3.85 crore from the Handloom and Textile Directorate under the U.P. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017, on March 16, 2026. The subsidy is connected to the company’s expansion project.Details of the subsidy are outlined below:DetailAmount (Rs.)Name of the SchemeUP. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017Amount Received3.85 CrNature of SubsidyCapital Subsidy: 2.71 Cr, Interest Subsidy: 1.14 CrPurposeCapital Subsidy for Loan RepaymentSneha...

Patanjali Foods Limited Receives Order from Central Goods and Service Tax Authority Patanjali Foods Limited announced on March 17, 2026, that it received an order from the Office of the Commissioner of Central Goods and Service Tax and Central Excise – Kutch (Gandhidham). The order, dated March 13, 2026, pertains to a reversal of Cess Input Tax Credit (ITC), excess ITC availed, and non-payment of Reverse Charge Mechanism (RCM) during the years 2019-20, 2020-21, 2021-22, and 2022-23.The company estimates a potential financial liability of Rs. 3,86,78,700, including tax demand with interest and penalty. Patanjali Foods Limited stated that it does not anticipate any other impact on its financial, operational, or other activities.The...

Mafatlal Industries Secures Order Valued at INR 114 Crore from Odisha Computer Application Centre Mafatlal Industries Limited has received an order valued at approximately INR 114 crore from the Odisha Computer Application Centre (OCAC). The order, awarded on March 17, 2026, involves setting up 500 robotic laboratories across 16 districts in the State of Odisha under the School and Mass Education Department.The project is scheduled for execution over a period of five years. The contract is a domestic order involving the implementation of robotic labs in secondary schools within Odisha.Below is a summary of the order details:ParticularsDetailsEntity Awarding OrderOdisha Computer Application Centre (OCAC)Scope of WorkSetting...

Kirloskar Ferrous Industries Reports Temporary Production Disruption at Solapur Plant Kirloskar Ferrous Industries Ltd. announced a partial disruption of operations at its Solapur plant, effective March 17, 2026. The disruption impacts one of two High Pressure Moulding Lines due to an affected supply of Liquefied Petroleum Gas (LPG).The company cited disruptions in global energy supply chains linked to the Middle East conflict as the cause of the LPG supply issues. Management is currently monitoring the situation and exploring alternative supply sources or resources to mitigate the impact.The company’s stock trades on the BSE under scrip code 500245.Source: