Markets

Ola Electric Mobility Limited Proposes Variation in IPO Proceeds Utilization Ola Electric Mobility Limited announced on March 18, 2026, that its Board of Directors has approved a proposed variation in the utilization of proceeds from its Initial Public Offering (IPO). The variation is subject to shareholder approval.The company disclosed details of the proposed changes, outlining original IPO objectives, amounts raised, unutilized funds, and revised timelines. Key adjustments include the allocation of funds from Object 3 (Investment into research and product development) to Objects 4 (Organic growth initiatives) and 6 (Repayment or prepayment of debt).A summary of the proposed variation is presented below:Sr. No.Original Object...

GE Vernova T&D India Limited Appoints Internal Auditor March 18, 2026 – GE Vernova T&D India Limited announced the appointment of Grant Thornton Bharat LLP as its Internal Auditor for the financial years 2026-27 to 2028-29. The decision was approved by the Board of Directors at a meeting held on March 18, 2026.Grant Thornton Bharat LLP (Firm Registration no. AAA7677) will serve as the company’s Internal Auditor. The appointment is effective March 18, 2026, with a term extending through the financial year 2028-29.Grant Thornton Bharat LLP is a leading provider of assurance, tax, and advisory services to Indian and global companies, offering expertise in audit, risk management, and compliance, among other areas.The Board meeting...

Utkarsh Small Finance Bank Receives RBI Approval for Executive Compensation Utkarsh Small Finance Bank Limited announced on March 18, 2026, that it has received approval from the Reserve Bank of India (RBI) regarding the variable pay for Managing Director & Chief Executive Officer, Mr. Govind Singh, for the fiscal year 2024-25. The approval also covers the fixed pay for Mr. Singh for the fiscal year 2025-26, aligning with a previous RBI letter dated September 16, 2024. The RBI’s approval was communicated in a letter dated March 17, 2026. Further details are available on the bank’s website at www.utkarsh.bank.in.Source:

G R Infraprojects Limited Secures Project with INR 2440.87 Crore Contract G R Infraprojects Limited has been declared the successful bidder (L-1) for a project to construct a 4-lane Greenfield Section of National Highway 33, connecting Mokama and Munger in Bihar. The project was awarded following a financial bid opening on March 18, 2026.The contract, awarded by the National Highways Authority of India, is valued at INR 2440.87 crore and will be executed under a Hybrid Annuity Mode (HAM). The completion period for the project is 910 days from the appointed date.The company will provide updates on the project's progress as developments occur. Trading window for designated persons will remain closed for 48 hours following the...

Aditya Birla Lifestyle Brands Limited Allots ₹500 Crore in Non-Convertible Debentures Aditya Birla Lifestyle Brands Limited announced the allotment of ₹500 Crore through the issuance of 50,000 Listed, Unsecured, Rated, Redeemable, Non-Cumulative, Non-Convertible Debentures (NCDs). The Finance Committee of the Board of Directors approved the allotment on March 18, 2026.The NCDs have a face value of ₹1,00,000 each and carry a coupon rate of 7.22% per annum. The debentures were issued on a private placement basis. They will be listed on the BSE Limited.Key Terms of the Issue:ParticularsDetailsSize of the Issue50,000 NCDs with a face value of ₹1,00,000 each, aggregating to ₹500 CroreListedYes, on BSE LimitedTenure2 Years...

SoftTech Engineers Limited Powers Digital Transformation of Urban Governance in Jammu & Kashmir Pune, March 18, 2026 – SoftTech Engineers Limited, a Pune-based provider of AECO (Architecture, Engineering, Construction & Operations) technology and e-governance solutions, announced the launch of two digital platforms for the Housing & Urban Development Department (H&UDD) in Jammu & Kashmir. The platforms were inaugurated by Chief Secretary Atal Dulloo and are powered by SoftTech's CivitPERMIT(AutoDCR) technology.The platforms include an Auto Scrutiny-based Building Permission and Change of Land Use (CLU) Portal, integrated with GIS-based Master Plans, and a Unified Web Portal for the Housing & Urban Development...

REC Limited Board Comments on Fines Related to Board Composition REC Limited, a Maharatna Company, reported that its Board of Directors addressed a matter of non-compliance regarding the composition of the Board during a meeting held on March 16, 2026. This follows a communication dated February 27, 2026, from the National Stock Exchange of India Limited (NSE) and BSE Limited regarding non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The Board noted the non-compliance and the associated fines imposed by the stock exchanges. The Board requested that regular follow-up be made with the Ministry of Power, Government of India, to expedite the appointment of independent directors. They also...

Nupur Recyclers Limited Discloses Share Acquisition by Uninav Developers Private Limited Nupur Recyclers Limited announced on March 18, 2026, that it received a disclosure from Uninav Developers Private Limited regarding the acquisition of 75,000 equity shares of the company on March 16, 2026. This acquisition represents approximately 0.11% of the company’s equity share capital.According to the disclosure, Uninav Developers Private Limited acquired the shares at a price of ₹51.54 per share, for a total consideration of ₹38,65,500 (Rupees Thirty Eight Lakh Sixty Five Thousand Five Hundred only).Anoop Garg, Director of Uninav Developers Private Limited, confirmed the transaction and stated that no provisions of the company's Code or...

ICICI Bank Redeems USD 816 Million in Notes ICICI Bank Limited has completed the redemption of USD 800 million in notes issued under its Global Medium Term Note Programme (GMTN Programme). The redemption occurred on March 18, 2026, with a total sum of USD 816,000,000.00 paid out.The total redemption amount consisted of a principal amount of USD 800,000,000.00 and an aggregate accrued interest of USD 16,000,000.00 from the last interest payment date to the maturity date. The notes were identified by ISINs: US45112FAJ57/ US45112EAG44.Source:

Power & Instrumentation (Gujarat) Limited Allots Equity Shares Following Warrant Conversion Ahmedabad, March 18, 2026 – Power & Instrumentation (Gujarat) Limited announced today that its Board of Directors approved the allotment of 5,43,531 equity shares following the conversion of convertible warrants. The allotment, executed at a premium of Rs. 73.75 per share, pertains to warrants initially issued on September 21, 2024.The conversion was carried out on a preferential basis to both promoter and non-promoter entities, in accordance with SEBI (Issue of Capital & Disclosures Requirement) Regulations, 2018.As a result of this allotment, the company’s paid-up equity capital has increased to Rs. 20,86,89,000, comprising 2,08,68,900...

United Breweries Receives Environmental Clearance for Uttar Pradesh Brewery United Breweries Limited announced it has received Environmental Clearance (EC) for its proposed greenfield brewery in Uttar Pradesh. The clearance, dated March 17, 2026, was granted by the State Environment Impact Assessment Authority (SEIAA) [Ministry of Environment, Forest and Climate Change], Uttar Pradesh, under the EIA (Environmental Impact Assessment) Notification, 2006.The brewery, located at Plot No. 3, Industrial Manufacturing & Logistics Cluster, Unnao, Uttar Pradesh, will have an annual capacity of 1.3 million hectolitres. The approval is subject to specific conditions.Previous updates on the project were provided on February 13, 2025 and...

Bajaj Auto Re-Appoints Pradeep Shrivastava as Whole-time Director Bajaj Auto Limited announced on March 18, 2026, the re-appointment of Shri Pradeep Shrivastava as a Whole-time Director and Executive Director. The decision, based on a recommendation from the Nomination and Remuneration Committee, was approved by the Board of Directors at a meeting held on March 18, 2026.Shri Shrivastava’s new term will commence on April 1, 2026, and extend for five consecutive years, pending shareholder approval.Shri Pradeep Shrivastava joined Bajaj Auto in April 1986. He holds a Mechanical Engineering degree from IIT Delhi and a graduate diploma in Production and Finance from IIM Bangalore. He currently serves on the Supervisory Board of KTM AG and...

Belrise Industries Limited to Acquire Chester Hall Precision Engineering Holdings Limited Belrise Industries Limited announced on March 18, 2026, that its wholly-owned subsidiary, Belrise UK Holdings Limited, has signed a Share Purchase Agreement to acquire 100% of the issued share capital of Chester Hall Precision Engineering Holdings Limited. Chester Hall Precision Engineering Holdings Limited is a company incorporated in England and Wales, with its registered office at 24 Old Bond Street, London W1S 4AP, United Kingdom.The acquisition is expected to support Belrise Industries’ long-term strategic and technological objectives and expand its presence in the aerospace and defense sector. The transaction is not considered a related...

Belrise Industries Limited Acquires Chester Hall Precision Engineering National, 18th March 2026: Belrise Industries Limited (BIL), a leading Indian automotive component manufacturer, announced that its wholly-owned subsidiary, Belrise UK Holdings Limited, has acquired 100% of Chester Hall Precision Engineering Holdings Limited (Chester Hall), a United Kingdom-based precision engineering group. The acquisition marks BIL’s entry into the global aerospace, space, and defence precision engineering supply chain.Chester Hall specializes in machining aerostructures, aero-engine components, and satellite parts, serving major aerospace customers. The company possesses expertise across aerospace alloys, including titanium and high-grade...

Genesis Exports Private Limited Discloses Acquisition of La Opala RG Limited Shares La Opala RG Limited announced on March 18, 2026, that Genesis Exports Private Limited, a promoter of the company, has disclosed the acquisition of 35,000 equity shares. The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.As of March 16, 2026, Genesis Exports Private Limited and its PACs held 5,20,60,000 shares, representing 46.90% of the company's equity. Following the acquisition, the total holding increased to 5,20,95,000 shares, representing 46.90% of the company’s equity.The acquisition was made through open market transactions on March 16 and 17, 2026...

Camlin Fine Sciences Initiates Judicial Liquidation Proceedings for European Subsidiary Camlin Fine Sciences Limited announced on March 18, 2026, that the Ordinary Court of Ravenna, Italy, has initiated judicial liquidation proceedings for CFS Europe S.p.A., a wholly-owned subsidiary of the company. This follows an appeal filed by the Collegio Sindacale (Board of Statutory Auditors) of CFS Europe S.p.A. on January 15, 2026.The proceedings are being carried out under the Italian Code of Corporate Crisis and Insolvency. The Court has appointed a delegated Judge and Court-appointed Liquidators (Curatori) to manage the procedure.As of March 31, 2025, CFS Europe S.p.A. contributed a turnover of 7,873.81 Lakhs (4.72% of the total) and a...

Steel Strips Wheels Limited Announces Resignation of Nominee Director Steel Strips Wheels Limited (SSWL) announced today, March 18, 2026, the resignation of Sanjay Surajprakash Sahni as a Non-Executive Nominee Director on its board. The resignation follows Sahni’s departure from Tata Steel Limited (TSL), the company that nominated him.Sahni’s resignation is effective from the close of business hours on March 18, 2026. He confirmed that there is no other material reason for his resignation beyond his departure from TSL. Tata Steel has also confirmed the withdrawal of Sahni’s nomination.Details of the Change: The following table summarizes the details of the resignation, as per SEBI regulations:Reason for change vs. resignation /...

Alldigi Tech Appoints Natarajan Laxsmanan as Chief Executive Officer and Key Managerial Personnel Alldigi Tech Limited announced the appointment of Mr. Natarajan Laxsmanan as Chief Executive Officer and Key Managerial Personnel, effective March 18, 2026. The decision was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.Mr. Laxsmanan previously served as Chief Operating Officer of Digitide Solutions, the holding company, where he led Global Business Process Management operations. Prior to that, he held senior leadership roles at Accenture and Alight Solutions, managing full P&L responsibilities and leading teams across multiple markets including India, the Philippines, China...

Gillette India Updates Status of Manufacturing Facility Permits Gillette India Limited reported on March 18, 2026, that it has submitted new applications for the renewal of its Consent to Operate (CTO) and authorization under the Hazardous Waste (Management and Transboundary) Rules, 2016, for its manufacturing facility located in Bhiwadi, Rajasthan.The update follows a previous communication dated March 15, 2026, regarding the refusal of renewal for these permits. The company is currently engaged in discussions with the Rajasthan State Pollution Control Board (RSPCB) as part of the renewal process.Gillette India confirmed that operations at the Bhiwadi plant are continuing without interruption. Source:

Gem Aromatics Limited Discloses Shareholding Changes by Promoter Gem Aromatics Limited announced on March 18, 2026, details regarding changes in the holding of securities by a promoter, as per the SEBI (Prohibition of Insider Trading) Regulations, 2015.Kaksha Vipul Parekh, a Promoter and Designated Person, acquired 75,000 equity shares of the company on March 18, 2026, through a market transaction on the National Stock Exchange. This acquisition increased Parekh’s total shareholding to 4,768,219 shares, representing 89.8%.The company confirmed that no trading in derivatives of the company was executed.Kaksha Vipul Parekh, Whole-Time Director & CFO, DIN: 00235998, made the disclosure.Name.Person (Promoters/member of the...