Markets

Accelya Solutions India Ltd. Receives Income Tax Order and Show Cause Notice Mumbai – March 19, 2026 – Accelya Solutions India Ltd. announced today that it has received an order under Section 143(3) read with Section 144B of the Income Tax Act, and a show cause notice under Section 270A of the Act, both from the Assessment Unit, Income Tax Department, pertaining to the financial year 2022-23.The order results in income tax demands of Rs. 1,749.08 lakhs. The company intends to file an application and appeal against the order with the appropriate authority and is preparing a response to the show cause notice.According to a statement provided by the company, the order and notice are not expected to have a material impact on its...

Gabion Technologies India Ltd. Appoints New Statutory Auditor Gabion Technologies India Ltd. announced the appointment of M/s. Vipin Aggarwal Kudsia & Associates as the Statutory Auditors of the company, effective March 19, 2026. The appointment fills a casual vacancy for the financial year 2025-26.The Board of Directors approved the appointment during a meeting held on March 19, 2026, which commenced at 3:00 p.m. and concluded at 4:00 p.m. M/s. Vipin Aggarwal Kudsia & Associates, a Chartered Accountants firm based in New Delhi, will serve until the next annual general meeting, pending shareholder approval.M/s. Vipin Aggarwal Kudsia & Associates offers a range of services including audit, taxation, corporate law, and wealth...

Physicswallah Limited Completes Acquisition of Nextseed Foundation Physicswallah Limited has completed the acquisition of Nextseed Foundation, a Section 8 Company, becoming the sole shareholder effective March 18, 2026. The acquisition involves 100% of the issued and paid-up equity share capital of Nextseed Foundation.The purchase consideration for this acquisition is INR 1,00,000. Previously, on February 5, 2026, the Board of Directors of Physicswallah Limited approved the acquisition.Further details regarding this acquisition were previously disclosed on February 5, 2026. The information is also available on the company's website at hƩps://www.pw.live/investor-relaƟons.Source:

B.A.G Films and Media Limited Allots Warrants to Promoter Group Member B.A.G Films and Media Limited announced the allotment of 2,000,000 warrants convertible into equity shares to Skyline Tele Media Services Limited, a member of the promoter group, on March 19, 2026. The allotment follows shareholder approval secured during an Extraordinary General Meeting on February 11, 2026, and in-principle approvals received from the BSE Limited and National Stock Exchange of India on March 17 and 18, 2026, respectively.The warrants have an issue price of Rs. 8.25 each, with an initial consideration of Rs. 41,250,000, representing 25% of the total issue size of Rs. 165,000,000.Details of the warrant allotment are as follows:Allottee...

ASM Technologies Ltd. to Invest INR 79.57 Crores in Asmaitha Wireless Technologies ASM Technologies Ltd. announced on March 19, 2026, that its Board of Directors approved a proposed investment of INR 79.57 crores in Asmaitha Wireless Technologies Private Ltd.The acquisition of Asmaitha Wireless will strengthen ASM Technologies' capabilities in engineering design-led manufacturing, particularly in embedded, firmware, and wireless domains. Asmaitha Wireless, incorporated in India on April 29, 2010, recorded a turnover of INR 3.67 crores in fiscal year 2024-25. The company provides engineering and manufacturing services and supports telecom operators and OEMs. Asmaitha has also developed customer premises and network infrastructure...

ASM Technologies to Invest INR 79.57 Crores in Asmaitha Wireless Technologies ASM Technologies Ltd. announced that its Board of Directors approved a proposed investment of INR 79.57 crores in Asmaitha Wireless Technologies Private Ltd. during a meeting held on March 19, 2026. The meeting commenced at 2:00 p.m. and concluded at 4:25 p.m.Asmaitha Wireless Technologies, incorporated in India on April 29, 2010, reported a turnover of INR 3.67 crores for the fiscal year 2024-25. The acquisition will bolster ASM Technologies' capabilities in engineering design-led manufacturing, particularly within the embedded, firmware, and wireless domains.ASM Technologies plans to acquire a 51% stake in Asmaitha Wireless Technologies for a cash...

Sayaji Industries Ltd. Reviews Board and Director Performance Sayaji Industries Ltd. announced that a meeting of its Independent Directors was held on March 19, 2026. The meeting, which commenced at 3:30 p.m. and concluded at 4:15 p.m., focused on evaluating the performance of the company's leadership and governance structures.Key agenda items included a review of the performance of Non-Independent Directors and the Board as a whole. Additionally, the Independent Directors assessed the performance of the Chairperson, considering perspectives from Executive and Non-Executive Directors. The meeting also evaluated the adequacy and timeliness of information flow between company management and the Board to ensure effective oversight.The...

Nicco Uco Alliance Credit Ltd. Appoints Sanjushree Paul as Company Secretary & Compliance Officer Kolkata – Nicco Uco Alliance Credit Ltd. announced the appointment of Ms. Sanjushree Paul as Company Secretary & Compliance Officer, effective March 19, 2026. The appointment was approved by the Board of Directors at a meeting held on March 19, 2026, which commenced at 2:00 P.M. and concluded at 3:50 P.M.Ms. Paul will also serve as a Key Managerial Personnel of the company. She is a qualified Company Secretary and a member of the Institute of Company Secretaries of India, possessing experience in corporate law and regulatory compliance. Ms. Paul is not related to any director of the company and is not debarred from holding the office of...

Physicswallah Ltd. Completes Acquisition of Nextseed Foundation Physicswallah Limited announced the completion of its acquisition of Nextseed Foundation on March 18, 2026. The acquisition involved the purchase of 100% of the issued and paid-up equity share capital of Nextseed Foundation.The purchase consideration for the acquisition was 100,000 Indian Rupees. As a result of the acquisition, Nextseed Foundation has become a wholly owned subsidiary of Physicswallah Limited.Previously, the company informed the Board of Directors’ approval of the acquisition on February 5, 2026. A detailed disclosure related to the acquisition was previously submitted on the same date.Source:

Capital Small Finance Bank Ltd. Announces Trading Window Closure Mumbai – Capital Small Finance Bank Ltd. has announced the closure of its trading window for equity shares and listed debt securities, effective April 1, 2026. The closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.The trading window closure applies to designated individuals, including their immediate relatives. It will remain in effect until 48 hours after the conclusion of the board meeting where audited financial results for the period ending March 31, 2026, are considered and approved.The date for the board meeting is to be announced subsequently.Capital Small Finance Bank is currently undergoing an early redemption with a...

Larsen & Toubro Receives Observations on Proposed Scheme of Arrangement Larsen & Toubro Limited (NSE: LT, BSE: 500510) announced it has received observation letters from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) regarding the proposed Scheme of Arrangement between Larsen & Toubro Limited and L&T Realty Properties Limited. The Scheme involves Larsen & Toubro Limited as the transferor company and L&T Realty Properties Limited as the transferee company, along with their respective shareholders and creditors.The observations, dated March 18 and 19, 2026, respectively, were issued following the company's application under Regulations 37 of the Securities and Exchange Board of India (SEBI)...

Tata Elxsi Launches Global Offshore Development Center for Terumo Corporation Pune, India – March 19, 2026 – Tata Elxsi, a global leader in design and technology services, and Terumo Corporation, a global medical innovation company, have inaugurated a new 'Terumo-Tata Elxsi Offshore Development Center'. The center will focus on developing Terumo’s cardiac and vascular solutions, enhancing engineering and innovation capabilities and providing lifecycle support across international markets.The collaboration leverages Tata Elxsi's expertise in design, engineering, verification, regulatory compliance, and localization, combined with the use of AI, GenAI, and digital capabilities in software engineering. This aims to accelerate...

Power & Instrumentation (Gujarat) Limited Allots Equity Shares Following Warrant Conversion Power & Instrumentation (Gujarat) Limited announced on March 19, 2026, that its Board of Directors approved the allotment of 300,000 equity shares. The shares were issued on a preferential basis to promoters and non-promoters following the conversion of 300,000 convertible warrants. These warrants were initially issued and allotted on September 21, 2024.The equity shares have a face value of Rs. 10 each, with a premium of Rs. 73.75 per share. This conversion results in an increase in the company’s paid-up equity capital from Rs. 208,689,000, comprising 20,868,900 equity shares, to Rs. 211,689,000, now consisting of 21,168,900 equity shares...

GFL Limited Clarifies Chairman and Managing Director Compensation GFL Limited announced on March 19, 2026, a clarification regarding a previously communicated postal ballot notice dated February 12, 2026. The notice sought shareholder approval for a special resolution.According to the clarification, no perquisites, including medical reimbursement and leave travel concession, will be provided to Mr. Pavan Kumar Jain, the Chairman and Managing Director of GFL Limited.Source:

Adline Chem Lab Limited Appoints Vrushank Balkrushna Patel as Chairman and Managing Director Adline Chem Lab Limited (formerly Kamron Laboratories Limited) announced on March 19, 2026, that the Board of Directors has approved the appointment of Mr. Vrushank Balkrushna Patel as Chairman and Managing Director. The appointment, previously approved by the Board on February 10, 2026, is subject to shareholder approval via Postal Ballot. Mr. Patel's term will be for a period of 5 years, effective February 10, 2026.The Board also approved the draft of the Postal Ballot Notice and Explanatory Statement, and appointed Mr. Ishit Vyas of M/s Ishit Vyas & Co. as Scrutinizer to conduct the Postal Ballot and remote e-voting process.The Postal...

Bharat Heavy Electricals Limited Announces Departure of Director (Human Resources) Bharat Heavy Electricals Limited (BHEL) announced that Krishna Kumar Thakur has relinquished his charge as Director (Human Resources) effective March 19, 2026. This departure is in accordance with an order from the Ministry of Heavy Industries, dated March 18, 2026, which appointed Thakur as Director (Personnel) at NMDC Limited.Tajinder Gupta, the current Director (Power), has been entrusted with the additional charge of the Director (Human Resources) position, also effective March 19, 2026.The following details are provided in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:S...

Indian Energy Exchange Schedules Meetings with Investors Indian Energy Exchange Ltd. announced schedules for meetings with analysts and institutional investors. The meetings are planned for March 20 and March 24, 2026.On March 20, 2026, a one-on-one meeting is scheduled with Aequitas Investments via virtual platform. A one-on-one meeting with Prusik Investment Management is planned for March 24, 2026, in Noida.The company noted that the meeting schedule is subject to change due to unforeseen circumstances. No unpublished price-sensitive information will be shared during these meetings.Sr. No.DateFunds/InstitutionsType of Meeting/ Location1March 20, 2026Aequitas InvestmentsOne-on-One/Virtual2March 24, 2026Prusik Investment...

Ashima Limited Exercises Call Option for Partial Early Redemption of NCDs Ashima Limited announced on March 19, 2026, that it has exercised its call option for the partial early redemption of its unlisted, secured, non-convertible debentures (NCDs). The redemption will be executed not through cancellation but by reducing the paid-up value of existing NCDs, as stipulated in the Debenture Trust Deeds dated March 16, 2023, and April 18, 2024.Two debenture holders are involved in this partial redemption: Union Pvt Ltd and Sharanam Metrolinks LLP. The total amount to be redeemed from both holders is ₹200 million.Redemption Details for Union Pvt Ltd:NCDs Issued: 750 NCDs (₹27,500 each) Amount to be Redeemed: ₹200 million Balance NCDs...

Salem Erode Investments Ltd. Announces Trading Window Closure Salem Erode Investments Ltd. (Scrip Code: 540181) has announced the closure of its trading window for equity shares, effective from the end of business hours on March 19, 2026. This action aligns with the Securities and Exchange Board of India (PIT) Regulations of 2015 and the company’s insider trading code of conduct.The trading window will remain closed until 48 hours after the outcome of a board meeting scheduled for March 24, 2026. During this period, designated persons and their immediate relatives are prohibited from trading in the company's equity shares.Source:

GFL Ltd. Clarifies Chairman and Managing Director Compensation GFL Ltd. announced a clarification regarding a previously communicated postal ballot notice dated February 12, 2026. The notice sought shareholder approval for a special resolution.According to the clarification, no perquisites, including medical reimbursement and leave travel concession, will be provided to Mr. Pavan Kumar Jain, the Chairman and Managing Director of GFL Ltd.The company requested the BSE Limited and the National Stock Exchange of India Limited to take note of this clarification.Source: