Markets

Tech Mahindra Acquires Remaining Stake in Tech Mahindra Arabia Limited Tech Mahindra Limited announced on March 17, 2026, that Tech Mahindra London Limited, a wholly-owned subsidiary, executed a Share Sale and Purchase Agreement with Midad Company Limited for the acquisition of Midad’s 20% equity stake in Tech Mahindra Arabia Limited.The transaction results in the company, along with TMLL, holding 100% shareholding in Tech Mahindra Arabia Limited. Midad exercised a put option as stipulated in a shareholder's agreement.Tech Mahindra Arabia Limited, headquartered in the Kingdom of Saudi Arabia, provides digital system integration and consulting services. As of March 31, 2025, the company's turnover was SAR 181.6 million and its net...

Digilogic Systems Limited Receives Purchase Orders from DRDO Valued at ₹7.15 Crores Digilogic Systems Limited has announced the receipt of purchase orders from the Defence Research & Development Organisation (DRDO). The orders, received during the ordinary course of business, are valued at a total of ₹7.15 crores (excluding GST).The company will supply Measurement Equipment, Test Equipment, and Programmable DC power Supplies, as well as an Integrated Test System for onsite checkout.Here's a breakdown of the orders:Order DescriptionOrder Value (₹ crores, excluding GST)Supply of Measurement Equipment, Test Equipment and Programmable DC power Supply4Integrated Test System for onsite checkout3.15Total7.15Source:

Varun Beverages Limited to Acquire 100% Stake in Crickley Dairy Proprietary Limited Varun Beverages Limited announced on March 17, 2026, that its subsidiary, The Beverage Company Proprietary Limited ('Bevco'), has entered into an agreement to acquire 100% of the equity stake of Crickley Dairy Proprietary Limited ('Crickley'), a company incorporated in South Africa. The acquisition aligns with the company's strategy to diversify its product portfolio into value-added dairy and juice-based drinks.The transaction is subject to regulatory approvals, including those from the Competition Commissions of South Africa.Bevco will acquire the 100% equity stake of Crickley for an Enterprise Value of ZAR 238 million, equivalent to INR 1,314.68...

Shree Renuka Sugars Limited Announces Leadership Changes Shree Renuka Sugars Limited announced several changes in its leadership structure following a board meeting held on March 11, 2026.Effective April 1, 2026, Mr. Atul Chaturvedi will transition from his current role as Executive Director and Chairman to a Non-Executive Director (Non-Independent). Simultaneously, Mr. Madhu Rao, currently an Independent Director, will assume the position of Chairman of the Board.The company has also appointed Mr. Susheel Kumar Kamboj as Chief Executive Officer, effective March 23, 2026. Additionally, Mr. Kamboj has been appointed as Managing Director & CEO for a period of five years, also commencing April 1, 2026, pending shareholder approval...

HMA Agro Industries Limited Alerts Investors to Fake Website Impersonation Agra, India – March 17, 2026 – HMA Agro Industries Limited announced today the discovery of a fraudulent website attempting to impersonate the company and deceive international buyers and stakeholders.The fake website, located at www.hma-agro.com, replicates the content, logo, branding, and design elements of HMA Agro Industries Limited's official website, www.hmagroup.co. The company believes this was a deliberate effort to damage its reputation and potentially defraud customers through unauthorized communication and fake email addresses. The fraudulent site falsely presented the company as a Five Star Export House.HMA Agro Industries Limited has taken...

Dr. Reddy’s Laboratories Receives Tax Demands from GST Authority Dr. Reddy’s Laboratories Limited announced it has received three orders from the Commercial Taxes Department, Office of the Joint Commissioner (ST), Chennai Intelligence-II, related to tax demands, including interest and penalties, for the period of fiscal years 2019-20 to 2021-22. The orders, dated March 16, 2026, were received on the same date.The authority issued the orders citing that certain supplies are taxable in nature. The total penalty levied is detailed below:Financial YearPenalty (INR)FY 2019-202,19,48,944FY 2020-2150,406FY 2021-224,384According to the company’s evaluation, the orders are not expected to have a material impact on its...

Tapan Agarwal to Acquire 8.00% Stake in Available Finance Limited Available Finance Limited announced that Tapan Agarwal, a member of the company’s Promoter Group, plans to acquire 8,16,296 equity shares, representing 8.00% of the equity share capital, from Archana Coal Private Limited, also a Promoter of Available Finance Limited. The transaction is valued based on the volume weighted average price for the 60 trading days preceding the acquisition date.The acquisition is expected to be completed on March 24, 2026. The transaction qualifies for an exemption from an open offer requirement under Regulation 10(1)(a)(iv) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.According to disclosures filed, the...

Tamilnadu Petroproducts Limited Shuts Heavy Chemical Division Plant Due to Geopolitical Factors Tamilnadu Petroproducts Limited announced the temporary shutdown of its Heavy Chemical Division (HCD) plant, effective March 17, 2026. The decision follows earlier communication on March 16, 2026, and stems from ongoing business factors related to the geopolitical situation in the Middle East region.The company has classified this shutdown as a force majeure event, citing its uncontrollability. The financial impact of this disruption remains unquantifiable at this time. Tamilnadu Petroproducts Limited stated it is taking steps to resume operations and will promptly report any material developments to the stock exchanges.Sangeetha Sekar...

Delhivery Subsidiary Receives Tax Order, Financial Impact Deemed Minimal Delhivery Limited announced on March 17, 2026, that Ecom Express Limited, a subsidiary of Delhivery, has received an order related to Goods and Services Tax. The order, dated March 16, 2026, originates from the Office of the Deputy Commissioner in Lucknow, Uttar Pradesh.The order, issued under Section 74 of the Central Goods and Services Tax Act, 2017 and the Uttar Pradesh Goods and Services Tax Act, 2017, pertains to the financial year 2019-20 and confirms a tax demand of ₹ 52,78,817, along with ₹ 61,77,517 in interest, and a penalty of ₹ 52,78,817 against Ecom Express Limited. The demand stems from a disallowance of input tax credit.According to the details...

Debock Industries Limited Accepts Resignation of Additional Director Debock Industries Limited announced on Tuesday, March 17, 2026, that it has accepted the resignation of Mohammed Saleemkhan from the position of Additional Director, effective close of business hours on the same day.Mohammed Saleemkhan, who held Director Identification Number (DIN) 10397856, previously served as an Additional Director for the company. The Board of Directors expressed their appreciation for Saleemkhan's contributions and guidance during his tenure.The Board authorized a current director to file the necessary E-Form and related documents with the Registrar of Companies and the Ministry of Corporate Affairs. Mukesh Manveer Singh, Director (DIN...

Wipro and Harness Announce Strategic Collaboration to Accelerate AI-Native Software Delivery BENGALURU, India - March 17, 2026 - Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, and Harness, the AI Software Delivery Platform ™ company, announced a strategic collaboration to accelerate AI-native software delivery for global enterprises.The collaboration aims to address the complexity of software delivery as enterprises adopt AI, which often relies on disconnected tools and manual processes. Wipro’s agent-native delivery platform WEGA will be combined with Harness’ AI Software Delivery Platform. WEGA is part of the Wipro Intelligence ™ unified suite of AI-powered...

Aadhar Housing Finance Limited Announces Corporate Office Relocation Mumbai – Aadhar Housing Finance Limited announced a change in its corporate office address, effective April 2, 2026. The move was disclosed on March 17, 2026.The company’s statutory registers and records will be maintained at the new corporate office location starting April 2, 2026.The details of the relocation are as follows:Old Corporate Office Address8th Floor, Unit No. 802, Natraj by Rustomjee, Junction of Western Express Highway and M. V. Road, Andheri (East), Mumbai-400069New Corporate Office AddressOffice No. 501 and 503, 5th Floor, Lightbridge, Saki Vihar Road, Andheri East, Mumbai Suburban (District), Maharashtra- 400072The change was announced...

Adarsh Somani Resigns as Director of Kopran Limited Kopran Limited announced on March 17, 2026, that Adarsh Somani has resigned from his position as Non-Executive Non-Independent Director, effective the same date. Somani’s resignation is tied to a Memorandum of Family Settlement dated September 1, 2025, which governs shareholding and directorships within the company's promoter group.Somani also steps down from his membership on the Stakeholder Relationship Committee, Risk Management Committee, and Corporate Affairs Committee.As of March 17, 2026, Somani held no shares in the company.ParticularsAdarsh Somani (DIN: 00192609)Reason for ChangeResignation due to a Memorandum of Family Settlement dated September 1, 2025Date of...

Femto Green Hydrogen Ltd. Initiates Research Partnership Discussions with Purdue University Femto Green Hydrogen Ltd., a subsidiary of Indo Thai Securities Limited, has begun research partnership discussions with the Center for Research and Education in Advanced Transportation Ecosystems (CREATE) at Purdue University in Indiana, USA. The discussions are focused on advancing the scientific validation and development of Femto’s technology.Dr. Manoj Patankar, Director of CREATE, has evaluated Femto's proprietary technology for improving diesel fuel efficiency and reducing emissions for the past three years. Research findings, documented in the article “Terahertz Treatment of Automotive Diesel Achieves Consistent Improvements in Fuel...

Senores Pharmaceuticals Appoints New Senior Management, Announces Resignation Senores Pharmaceuticals Limited announced changes to its senior management on Tuesday, March 17, 2026. The company’s Board of Directors approved the appointment of Mr. Jatin Gajjar as a Senior Management Personnel (SMP) and Chief Technology Officer. Mr. Gajjar brings over three decades of leadership experience in pharmaceutical technology, manufacturing operations, and product development.Simultaneously, the company announced that Mr. Manohar Lalge, President - Research and Development, has resigned, effective March 17, 2026. He is also stepping down as an SMP of the company.According to a company statement, Mr. Gajjar’s expertise lies in complex...

GNG Electronics Limited Enhances Working Capital Facility with Kotak Mahindra Bank GNG Electronics Limited announced on March 17, 2026, that it has entered into a supplemental agreement with Kotak Mahindra Bank Ltd. The agreement, effective March 16, 2026, modifies a Master Facility Agreement originally established on July 26, 2024.The purpose of the supplemental agreement is to enhance the overall limit from 51,00,00,000 Indian Rupees to 75,00,00,000 Indian Rupees and to permit interchangeability between the various facilities. The facility will be utilized for meeting the working capital requirements of the company.Here's a summary of the key details:ParticularsDetailsParties InvolvedKotak Mahindra Bank Ltd.Agreement...

A B Infrabuild Limited Receives New Project Orders Worth ₹48.68 Crore A B Infrabuild Limited announced it has received letters of acceptance for two new projects on March 17, 2026.The company secured a contract from East Coast Railways, Indian Railways, for the construction of a Road Over Bridge (ROB) on the Howrah-Vishakhapatnam main line. This project involves the construction of 1x36.0 m composite girder + 2x24.0 m composite girder for the railway portion and 2x24.0 m composite girder outside the railway portion, replacing Level Crossing No.-360 at Km 665/1921 between Mandasa-Summadevi stations. The project’s duration is 24 months, and the contract value is ₹48,67,75,280.22.Additionally, A B Infrabuild Limited has been awarded...

Kumbhat Financial Services Ltd. Addresses Share Price Movement Kumbhat Financial Services Limited clarified on March 17, 2026, regarding a recent movement in its share price. The response follows a communication received from BSE Limited on March 16, 2026, concerning the price activity of the company’s security, Scrip Code 526869.The company stated it is unaware of any specific information or impending announcement that would account for the observed price and volume behavior. Kumbhat Financial Services Limited affirmed its commitment to disclosing all events and information impacting its operations and performance, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The company...

Aurobindo Pharma’s Subsidiary Receives ‘Official Action Indicated’ Classification from US FDA Aurobindo Pharma Limited announced on March 17, 2026, that the United States Food and Drug Administration (US FDA) has classified Unit-II of Eugia Pharma Specialities Limited, a wholly owned subsidiary of Aurobindo Pharma, as ‘Official Action Indicated’ (OAI).Eugia Pharma Specialities Limited’s Unit-II, located in the RIICO Industrial Area, Phase -III, Bhiwadi, Rajasthan, was inspected by the US FDA from November 3 to November 14, 2025. Following the inspection, a ‘Form 483’ was issued, detailing nine observations.Aurobindo Pharma stated that it currently does not anticipate any impact on business operations as a result of this...

Gujarat Industries Power Company Limited Appoints Additional Director Gujarat Industries Power Company Limited (GIPCL) announced the appointment of Shri Jenu Devan, IAS, as an Additional Director (Nominee of Government of Gujarat) on March 17, 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.Shri Jenu Devan (DIN: 07852736) holds the position of Secretary (Expenditure) in the Finance Department, Government of Gujarat. He is an IAS Officer of the 2006 batch, holding a Master of Commerce from MG University Kottayam and an MA (Public Policy) from Indira Gandhi National Open University. Previously, he served in various roles including District Development...