Markets

Mawana Sugars Limited Receives NCLT Approval for Amalgamation Scheme Mawana Sugars Limited announced that the National Company Law Tribunal (NCLT), New Delhi Bench, has admitted a petition under Sections 230 to 232 of the Companies Act, 2013, regarding a scheme of amalgamation between Mawana Foods Private Limited (Transferor Company) and Mawana Sugars Limited (Transferee Company).The NCLT’s order, dated March 18, 2026, directs both companies to publish notices in the Business Standard (English and Hindi, Delhi Edition) newspapers and to issue notices to specified authorities as outlined in Section 230(5) of the Companies Act, 2013. These authorities have been instructed to submit any representations within 30 days of receiving the...

Skipper Ltd. Incorporates Wholly-Owned Subsidiary in Brazil Skipper Limited announced the incorporation of a wholly-owned subsidiary, Skipper Latam Ltda, in São Paulo, Brazil, on March 20, 2026. The subsidiary was established as part of the company’s strategy to expand operations beyond India and create a platform for global trading and marketing of its products.Skipper Latam Ltda will focus on the sale of towers and poles, including accessories. The company is newly incorporated, with a share capital of R$ 1,00,000. The subsidiary is considered a related party transaction due to Skipper Limited’s full ownership.Details regarding the incorporation are as follows:ParticularsDetailsName of the target entitySKIPPER LATAM LTDA...

Vascon Engineers Limited Allots 30,30,000 Equity Shares Under Employee Stock Option Scheme Vascon Engineers Limited announced the allotment of 30,30,000 equity shares with a face value of Rs. 10 each under the Employee Stock Option Scheme - 2020 (ESOS-2020). The Board of Directors approved the allotment through a circular resolution dated March 20, 2026, following the exercise of options granted and vested to eligible employees.The newly allotted shares do not have a lock-in period and will rank equally with existing equity shares, entitling them to declared dividends and other corporate benefits.The company’s paid-up share capital has increased following the allotment, as detailed below:ParameterPrevious ValueCurrent Value...

Benara Bearings & Pistons Ltd. Appoints Two Independent Directors Benara Bearings & Pistons Ltd. announced the appointment of Mr. Harvendra Kumar Singh and Mrs. Sunidhi Jain as additional Independent Directors, effective March 20, 2026. The Board approved the appointments during a meeting held on March 20, 2026, which commenced at 11:35 Hrs. and concluded at 12:40 Hrs. The appointments are subject to member approval via an EOGM/Postal Ballot.New Directors’ Profiles A table summarizing the profiles of the newly appointed directors is provided below:Name of DirectorMr. Harvendra Kumar SinghMrs. Sunidhi JainDirectors' Identification No. (DIN)1161006811610101Date of BirthJanuary 15, 1970February 5, 1975Date of Appointment on...

P N Gadgil Jewellers Surpasses ₹10,000 Crore Revenue Milestone; Gudi Padwa Sales Rise 38% YoY P N Gadgil Jewellers Limited announced it has surpassed the ₹10,000 crore revenue milestone for the financial year 2025-26, reflecting strong business momentum.On the occasion of Gudi Padwa, the company reported festive sales of ₹170.7 crore, marking a 38% year-on-year growth compared to the previous year.The Gold segment contributed significantly to the revenue increase, with sales rising by 35% year-on-year. The Diamond and Silver segments also demonstrated robust growth, with revenues increasing by 61% and 118% year-on-year, respectively.Dr. Saurabh Gadgil, Chairman and Managing Director, commented on the achievement, attributing it to...

IOL Chemicals & Pharmaceuticals Receives Disclosure of Change in Promoter Group Holding IOL Chemicals & Pharmaceuticals Limited (IOLCP) announced that NCVI Enterprises Limited, a Promoter Group entity, acquired shares on March 19, 2026. The disclosure was made under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.NCVI Enterprises Limited held 4,82,50,695 equity shares, representing 16.44% of the company, prior to the acquisition. Following the acquisition of 4,04,305 shares, the entity now holds 4,86,55,000 equity shares, equating to 16.58% of the company. The transaction was executed on the open market, with a total value of ₹3,01,44,163.The company is based in Ludhiana.NCVI Enterprises Limited is...

Hi-Tech Gears Ltd. Announces Resignation of Vice President – HR Hi-Tech Gears Ltd. announced that Mr. Sharad Mishra has resigned from his position as Vice President – HR, effective March 19, 2026. Mr. Mishra had previously submitted a resignation letter dated January 23, 2026, and requested to be relieved from his position at the close of business hours on March 19, 2026.According to a filing, Mr. Mishra cited the opportunity to benefit from leadership guidance and expressed respect for feedback received regarding his performance.The company provided additional details regarding the resignation, including the date of cessation from the position, which was March 19, 2026.S. No.Details of EventInformation of such Event(s)...

Shukra Pharmaceuticals Closes Trading Window Ahead of Financial Results Announcement Shukra Pharmaceuticals Ltd. has announced the closure of its trading window for company securities, effective from Wednesday, April 1, 2026. The restriction applies to promoters, members of the promoter group, directors, key managerial personnel, insiders, designated persons, connected persons, and their immediate relatives.The trading window closure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and related SEBI circulars dated August 5, 2022, and July 19, 2023. This measure prevents trading activity during the period preceding the announcement of the company’s financial results...

Steelman Telecom Ltd. Reports Voting Results from Extraordinary General Meeting Steelman Telecom Ltd. (BSE: 543622), formerly Steelman Telecom Private Limited, announced the results of its Extraordinary General Meeting (EGM) on March 20, 2026. The disclosure follows Regulation 44(3) of the SEBI (LODR) Regulations, 2015.Details regarding the voting results are included in the Scrutinizer Report dated March 19, 2026. The report is self-explanatory.Aparupa Das, Company Secretary & Compliance Officer, confirmed the announcement.Source:

Satin Creditcare Network Ltd. Approves Subordinated Debenture Issue Satin Creditcare Network Ltd. announced that its Working Committee of the Board of Directors approved the terms and conditions for the issuance of up to 5,000 subordinated, unsecured, listed, rated, taxable, transferable, redeemable, non-convertible debentures on a private placement basis. The debentures will have a face value of INR 1,00,000 each, with an aggregate nominal value of INR 50,00,00,000, including a green shoe option of up to 2,500 debentures and an aggregate nominal value of INR 25,00,00,000.The meeting of the Working Committee commenced on March 20, 2026, at 12:20 P.M. and concluded at 12:50 P.M.The debentures will carry a coupon rate of 12% per...

Sharika Enterprises Ltd. Receives Purchase Order from Larsen & Toubro Limited Sharika Enterprises Limited announced on March 20, 2026, that it has received a purchase order from Larsen & Toubro Limited. The order is for the supply of communicable FPIs for the RDSS Varanasi SCADA PuVVNL Project.The value of the contract is Rs. 9,46,80,856. The project is scheduled for completion by December 31, 2026. The contract was awarded by a domestic entity, and neither the promoter group nor group companies have any interest in Larsen & Toubro Limited. This contract does not fall under related party transactions.Below is a summary of the key details of the contract:S. No.ParticularsDetails1Name of the entity awarding the contract;Larsen...

Span Divergent Ltd. Receives In-Principle Approval for Preferential Share Issuance Span Divergent Ltd. has received in-principle approval from the BSE Limited for the issuance of 18,01,481 equity shares on a preferential basis. The shares, with a face value of Rs. 10 each, will be issued at an issue price of Rs. 32.16 per share, including a premium of Rs. 22.16. The shares are slated to be issued to Mr. Neev Nirav Jogani, a Non-promoter.The in-principle approval was granted by BSE Limited on March 19, 2026, following an application with reference number LOD/PREF/GB/FIP/1914/2025 - 26.BSE Limited advised the company to comply with relevant regulations and obtain necessary approvals for the issuance and allotment of securities. The...

Subex Limited Appoints Independent Directors Following Shareholder Vote Subex Limited announced on March 20, 2026, that resolutions for the appointment of Mr. Venkata Erinti Narayana and Mr. Alok Ohrie as Independent Directors were passed by shareholders during a Postal Ballot held on March 19, 2026.Mr. Narayana's appointment is for a term of three consecutive years, effective December 25, 2025. Mr. Ohrie's appointment is also for a term of three consecutive years, effective January 4, 2026.The results of the Postal Ballot, conducted through remote e-voting, are available on the company's website and on the website of the National Securities Depository Limited.Voting Results Summary: A table summarizing the voting results is...

Panth Infinity Ltd. Schedules Board Meeting to Consider Preferential Issue Panth Infinity Ltd. announced a board meeting scheduled for Wednesday, March 25, 2026, to consider a proposal for obtaining shareholder approval for a fund raise through a preferential issue. The meeting will be held at the company’s registered office in Ahmedabad, Gujarat.The board will seek enabling resolutions from shareholders regarding the potential issuance of securities through a preferential issue, subject to required approvals.Trading window for the company’s securities will be closed until 48 hours after the public announcement of the board meeting’s outcome.Source:

Hindustan Unilever Clarifies Foods Portfolio Status Following Unilever PLC Announcement Mumbai — Hindustan Unilever Limited (HUL) confirmed that its Foods segment remains a key business area for the company, addressing concerns raised by a recent announcement from its holding company, Unilever PLC.The clarification follows an announcement made by Unilever PLC on March 20, 2026, which was referenced in a communication to the BSE Limited and the National Stock Exchange of India Ltd. HUL stated it is not currently engaged in discussions regarding the potential divestment of its Foods portfolio.The company’s headquarters is located at Unilever House, B D Sawant Marg, Chakla, Andheri East, Mumbai 400 099. HUL’s stock code is BSE: 500696...

Hindustan Unilever Clarifies Foods Portfolio Status Following Unilever PLC Announcement Hindustan Unilever Limited (HUL) confirmed that its Foods segment remains a strategically important and attractive business area, addressing recent communication from its holding company, Unilever PLC. The clarification follows an announcement released by Unilever PLC on March 20, 2026.HUL stated that it is not currently engaged in discussions concerning the potential divestment of its Foods portfolio. The company's headquarters are located at Unilever House, B D Sawant Marg, Chakala, Andheri East, Mumbai. HUL's Stock Code is BSE: 500696 and NSE: HINDUNILVR, with ISIN: INE030A01027. Radhika Shah, Company Secretary & Compliance Officer, provided the...

K. V. Toys India Ltd. Schedules Meeting with Nine ALPS AIF K. V. Toys India Ltd. announced a virtual meeting between its management and Nine ALPS AIF on March 23, 2026, at 11:30 am IST. The meeting was disclosed on March 19, 2026.According to the company, no unpublished price sensitive information will be shared during the interaction. The schedule is subject to change due to unforeseen circumstances.DateTime (IST)Company / Institution /Analysts / OrganizationVenue23.03.202611.30 amNine ALPS AIFVirtualKaran Narang, Managing Director of K. V. Toys India Ltd., confirmed the meeting.Source:

Kanco Tea & Industries Ltd. Closes Trading Window Kanco Tea & Industries Limited has closed its trading window for equity shares, as per the Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The trading window closure commenced on April 1, 2026, and will remain in effect until the completion of 48 hours after the declaration of the company’s audited financial results for the quarter and year ended March 31, 2026.The date for the board meeting to approve the audited financial results will be announced subsequently. Charulata Kabra, Company Secretary and Compliance Officer, made the announcement.Source:

Renu Govind Gadgil Acquires Shares in PNGS Reva Diamond Jewellery Ltd Pune, March 20, 2026 — Renu Govind Gadgil, a promoter of PNGS Reva Diamond Jewellery Limited, has acquired 36,000 equity shares through open market purchases. The acquisition was made from March 17, 2026.Prior to the acquisition, Gadgil held 697,500 shares, representing 22.00% of the total share/voting capital and 22.00% of the total diluted share/voting capital. Following the purchase, her total holdings increased to 701,100 shares, representing 22.11% of the total share/voting capital and 22.11% of the total diluted share/voting capital.The total equity share capital of PNGS Reva Diamond Jewellery Limited is Rs. 31,69,84,000, divided into 3,16,98,400 equity...

Samvardhana Motherson International to Host Investor Meeting with Federated Hermes Samvardhana Motherson International Limited announced it will be participating in an investor meeting with Federated Hermes on Thursday, March 26, 2026. The virtual meeting is scheduled from 15:30 to 16:30 India Standard Time (IST).The company stated that the schedule is subject to change due to unforeseen circumstances. Management confirmed that no unpublished price-sensitive information will be disclosed during the meeting.Day and DatePlacePurposeType of meetingMeeting WithThursday, March 26, 2026 1530 Hours (IST) to 1630 Hours (IST)Virtual MeetingInvestor MeetingOne-on-One MeetingFederated HermesSource: