Markets

Ashiana Housing Ltd. Faces GST Demand of ₹495,696 Ashiana Housing Ltd. announced that the GST Department in Jaipur has issued a demand of ₹495,696, including interest and penalty, under the CGST Act 2017. The demand relates to alleged improper availment of Input Tax Credit concerning units sold/supplied following the issuance of a completion certificate for Ashiana Umang Phase IV in Jaipur.The order, dated March 27, 2026, was received by the company on April 1, 2026, from the Office of the Superintendent CGST Range - XXXVIII, Jaipur (South Central). The assessment alleges incorrect Input Tax Credit utilization for units sold/supplied after the completion certificate issuance for Ashiana Umang Phase IV.According to Ashiana Housing...

Madhya Bharat Agro Products Limited Receives Income Tax Demand Notice Madhya Bharat Agro Products Limited announced it received a Notice of Demand under Section 143(3) of the Income Tax Act, 1961, dated March 31, 2026, concerning the Assessment Year 2024-25. The notice was received from the Assessment Unit, Income Tax Department on March 31, 2026.The order relates to an assessment scrutiny case initiated under Section 143 of the Income Tax Act. The notice includes a demand of ₹ 7.20 crore.According to the company, the order includes an adjustment to taxable income stemming from outstanding trade payables to Micro and Small Enterprises (MSEs) as of March 31, 2024, citing non-payment within prescribed time limits. Madhya Bharat Agro...

NTPC Completes Coal Mining Business Transfer, Declares Project COD NTPC Ltd. announced the final transfer of its Pakri Barwadih Coal Mine business, located in Hazaribagh District, Jharkhand, along with the Coal Mining Head Quarter (CMHQ) in Ranchi, Jharkhand, to NTPC Mining Limited (NML), its wholly owned subsidiary. The transfer, effective April 1, 2026, concludes the phased hiving-off of NTPC’s coal mining business to NML, as previously disclosed on August 28, 2025, October 1, 2025, December 1, 2025, and February 1, 2026.The transfer was executed in accordance with an amended Business Transfer Agreement (BTA) dated September 17, 2025. With this final tranche, all coal mining units are now part of NTPC Mining Limited.Commercial...

Varroc Engineering Limited Confirms No Deviation in Utilization of Issue Proceeds Varroc Engineering Limited announced on April 1, 2026, that there was no deviation in the utilization of funds raised through commercial paper during the fiscal year 2025-26.The company issued a total of Rs. 50 crore through commercial paper in Q1, Q2, and Q4 of FY 2025-26. The commercial paper issuances and redemption dates were as follows:Rs. 50 crore issued May 21, 2025, redeemed August 19, 2025. Rs. 50 crore issued August 22, 2025, redeemed November 20, 2025. Rs. 50 crore issued January 1, 2026, redeemed January 27, 2026. Rs. 50 crore issued January 28, 2026, redeemed February 27, 2026.According to a statement filed with the National Stock...

RailTel Corporation Secures Order Worth ₹128.5 Million RailTel Corporation of India Limited announced it has received a Letter of Acceptance (LoA) from Mahatma Gandhi Institute Of Medical Sciences, Sevagram, Wardha. The order, received on April 1, 2026, is for the customization, integration, deployment, implementation, and maintenance of Hospital Information Management System (HIMS), Hospital Fire Safety Management System, Student/Academic Activity, Accounts, Campus Management System, and MGIMS Website.The estimated size of the order is ₹128,500,000, excluding tax, and is to be executed by March 31, 2032. The order is a domestic engagement and does not involve any related party transactions.Order DetailsDetailDescription...

Aequs Limited Further Invests in Subsidiary Aequs Toys Private Limited Aequs Limited announced it has made a further investment in its wholly-owned subsidiary, Aequs Toys Private Limited (ATPL), through a rights issue on April 1, 2026.According to details released, ATPL's financial performance as of March 31, 2025, reflects a turnover of INR 9.14 crore, a loss after tax of INR 31.72 crore, and a net worth of INR 43.27 crore.The investment of INR 14,00,00,000, representing 1,40,00,000 shares subscribed at a price of INR 10 per equity share, is intended to meet ATPL's working capital and operational needs, aligning with the utilization of IPO proceeds as outlined in the company’s prospectus dated December 5, 2025.Aequs Limited...

SK Minerals & Additives Reports Estimated Turnover of ₹12708.35 Lakhs for March 2026 Quarter SK Minerals & Additives Limited announced an estimated standalone quarterly turnover of ₹12708.35 Lakhs for the quarter ended March 31, 2026. This represents a 50.28% year-over-year growth compared to the ₹8517.16 Lakhs reported in the quarter ended March 2025.The company's turnover performance for the periods ending March 31, 2026, December 31, 2025, and the six-month period ending September 30, 2025, alongside the full fiscal year results for April 1, 2026, to March 31, 2026, and April 1, 2025, to March 31, 2025, are detailed below:ParticularsQuarter Ending March 2026Quarter Ended December 2025Half Year Ending September 2025April-March...

Faalcon Concepts Limited Receives New Work Order Valued at Rs. 286.54 Lakhs Faalcon Concepts Limited announced that it has received a new work order from LV Creations LLP for glass, glazing, and windows. The project is located at Aakash Hospital - Polyclinic in Dwarka, New Delhi.The value of the work order amounts to Rs. 2,86,53,745. The project is expected to be completed within six months, with billing related to performance.According to information presented, LV Creations LLP has a registered office address at Plot No 62 KH No 52 Roshan Mandi Najafgarh Near Shiva Ji Marg, South West Delhi, New Delhi, Delhi, India, 110041.The company’s Managing Director, Ekta Seth, confirmed the order.ParticularsDetailsName of the entity...

Avanti Feeds Limited Invests in Thai Union Feedmill Ecuador S.A.S. Avanti Feeds Limited announced that its Board of Directors approved an investment in Thai Union Feedmill Ecuador S.A.S. (TFME) in Ecuador, South America, on April 1, 2026.The investment, structured as a cash transaction, amounts to USD 3 million. Avanti Feeds Limited will hold a 10% shareholding, representing 3 million shares with a par value of USD 1 per share.TFME, yet to be incorporated, will be engaged in aquaculture feed manufacturing and distribution in Ecuador. It is an associate company and joint venture partner of Avanti Feeds Limited, with Thai Union Feed Mill Public Company Limited, Thailand, serving as the holding company. The company will operate within...

Orient Electric Launches India’s First Oxygen-Enriching Fan, Aero O2 New Delhi, April 1, 2026 – Orient Electric Limited, a part of the USD 3 billion CKA Birla Group, today launched Aero O2, a new ceiling fan incorporating Bio-Oxy Plasma ION+ Technology designed to enrich indoor oxygen levels. The company states Aero O2 is India’s first oxygen-enriching fan.According to Orient Electric, Aero O2 restores up to 90% oxygen, detoxifies, and revitalizes homes. The fan addresses concerns about declining air quality and oxygen levels in enclosed spaces, particularly in urban areas.“Urban consumers today are deeply concerned about the invisible health risks inside their homes,” said Ravindra Singh Negi, Managing Director and CEO of Orient...

Manav Infra Projects Limited Secures New Work Order for Shore Piling Project Manav Infra Projects Limited announced the receipt of a new work order for shore piling and anchoring work at Bangur Nagar, Goregaon West, Mumbai. The project, located in Mumbai-400104, carries a total cost or order value of approximately Rs. 1,79,19,436.65, inclusive of Goods and Services Tax (GST) at 18%. The company characterized this development as a normal course of business.The work order falls under the company’s core business operations and represents a new opportunity for Manav Infra Projects Limited.Mahendra Narayan Raju, Managing Director, provided the update.Source:

Avax Apparels and Ornaments Ltd. Launches New Digital Platform, Discontinues Existing Segment Avax Apparels and Ornaments Ltd. announced the launch of a new mobile application/online platform, https://avaxapparels.shop, effective April 1, 2026. The platform offers apparels, jewellery, and other accessories. This initiative aims to expand the company's digital commerce presence and diversify its product offerings.Separately, the company discontinued its existing mobile application/online platform, https://blushines.com, which previously sold silver ornaments, effective March 31, 2026. This decision was made to optimize resources and reduce costs through platform consolidation.New Digital Platform DetailsName of the...

Maruti Suzuki Achieves Record Annual Sales in FY 2025-26 New Delhi, April 1, 2026: Maruti Suzuki India Limited announced record sales figures for March 2026 and the financial year 2025-26. The company surpassed 2 million unit sales for the third consecutive year.In March 2026, Maruti Suzuki sold a total of 225,251 units, comprising domestic sales of 169,428 units, sales to other original equipment manufacturers (OEM) of 8,783 units, and exports of 47,040 units.For the financial year 2025-26, the company achieved total sales of 2,422,713 units, with domestic sales reaching 1,861,704 units and exports totaling 447,774 units. These figures represent the highest-ever recorded for the company.The following table details sales...

R R Kabel Limited Faces Appeals in GST Refund Dispute R R Kabel Limited announced that the Principal Commissioner/Commissioner, CGST & CE, Vadodara-I Commissionerate has filed appeals against Order-In-Appeal Nos. VAD-CGST-001-APP-COMMR-231-2024-25 and VAD-CGST-001-APP-COMMR-230-2024-25, issued September 26, 2024.The appeals concern a refund dispute where the Department alleges erroneous refund under Section 73(1) of the CGST Act, 2017, along with interest under Section 50 and penalty under Sections 73(9) and 122. The company maintains the refund was correctly claimed under Section 54(3). The appellate authority had previously accepted the company's position and dropped the demand.The appeals challenge the grant of refunds totaling...

Chamunda Electrical Limited Receives Letter of Award for Sub-Station Operation and Maintenance Chamunda Electrical Limited (CEPL) announced it has received a Letter of Award (LOA) from Gujarat Energy Transmission Corporation Limited ('GETCO') for the operation and maintenance of 88 (Eighty-Eight) Nos. of 66 KV class sub-stations.The contract, awarded on March 25, 2026, is for a period of 3 (Three) years, commencing from the date of commencement. The total value of the contract is ₹63.47 Crores, inclusive of GST at 18%.According to the terms of the LOA, CEPL will be responsible for the operation and maintenance of the 66 KV class sub-stations as outlined in the tender terms and conditions.The company stated that this contract is...

Panorama Studios International Ltd. Enters into MoU for Marathi Film “Salbardi” Panorama Studios International Ltd. announced it has entered into a Memorandum of Understanding (MoU) with Nebula Films LLP. The agreement is for the exploitation of theatrical rights for the Marathi language film "Salbardi," covering both pan India and overseas territories.The film "Salbardi" stars Pooja Sawant, Shashank Shende, Onkar Bhojane, Bharat Ganeshpure, and others. Ramesh Sahebrao Choudhary directed the film. The announcement was made on April 1, 2026.Source:

CRISIL Reaffirms Thomas Cook India Group’s Credit Ratings at AA/Stable/A1+ Mumbai, April 1, 2026 – CRISIL Ratings has reaffirmed the long-term rating and corporate credit rating (CCR) of Thomas Cook (India) Limited (TCIL) at ‘CRISIL AA/Stable’ and its short-term rating at ‘CRISIL A1+.’ The reaffirmation reflects the Group's resilient business model, strong financial profile, and consistent operational performance.The ratings consider the strong support from parent Fairfax Financial Holdings Ltd, along with TCIL’s leadership position in India's travel and foreign exchange sectors. The Group also benefits from a diversified presence across hospitality and attraction imaging segments.TCIL reported revenue growth of 7.4% year-over-year...

Cosmo First Ltd. Enters Agreement with Cosmo Ferrites Limited for Support Services April 1, 2026 – Cosmo First Ltd. announced an agreement with Cosmo Ferrites Limited, a related party, to provide support services. The agreement is effective for a period of one year, commencing April 1, 2026, and concluding March 31, 2027.The terms of the agreement stipulate a consolidated fee of Rs. 200,000 per month plus applicable Goods and Services Tax (GST). Cosmo First Ltd. will also reimburse out-of-pocket expenses incurred on an actual basis. Either party has the option to terminate the agreement with 30 days’ notice.According to the terms, Mr. Ashok Jaipuria serves as a common promoter for both Cosmo First Ltd. and Cosmo Ferrites Limited...

Green Graphite Technologies and Rain Carbon Canada Complete Project to Advance Graphite Production for Lithium-Ion Batteries Hamilton, Ontario, Canada, April 1, 2026 – Green Graphite Technologies Inc. (GGT) and Rain Carbon Canada Ltd. (RAIN) announced the successful completion of a project to advance the production of coated spherical purified graphite, a critical material in the manufacturing of lithium-ion batteries for electric vehicles (EV), micromobility, energy storage systems, and other devices. The project received CA$682,000 in support from the Government of Ontario through the Ontario Vehicle Innovation Network (OVIN), with a total project value of CA$2.05 million.The collaboration combined GGT's graphite purification...

K S Oils Ltd. Secures Favorable Order from Delhi High Court K S Oils Ltd. announced on April 1, 2026, that the Hon'ble Delhi High Court has passed an order setting aside a previous order from the District Judge, Rohini District Court, New Delhi. The original order involved an ex-parte interim injunction concerning the company's usage of the 'Kalash' trademark.Following the District Judge’s order, K S Oils Ltd. filed an appeal with the Delhi High Court. The recent order from the High Court has released all material previously seized by Local Commission and is in favor of the company.According to the company, the matter relates to the usage of the 'Kalash' trademark, as approved by the NCLT on February 3, 2025. K S Oils Ltd. maintains...