Markets

Newgen Software Technologies Limited Secures Agreement with U.S. Insurance Company Newgen Software Technologies Limited announced on April 1, 2026, that its U.S. subsidiary, Newgen Software Inc. (NSI), has entered into an agreement with an insurance company based in Illinois, USA. The agreement's total value is US Dollars 1,609,400, equivalent to approximately Indian Rupees 15,11,71,942.The agreement involves an annual fee for software licensing, cloud hosting services, and other service fees. The contract's duration is three years.The company confirmed that the transaction does not constitute a related party transaction according to the Companies Act, 2013. The event occurred on April 1, 2026, at 03:45 A.M. (IST).Source:

JB Chemicals & Pharmaceuticals Limited Announces Departure of Chief Executive Officer JB Chemicals & Pharmaceuticals Limited announced that Mr. Nikhil Chopra has ceased to be the Chief Executive Officer and Key Managerial Personnel of the company, effective March 31, 2026. This follows his earlier resignation as Whole-time Director, effective from the conclusion of the Board meeting held on January 21, 2026.Mr. Chopra’s resignation as CEO is attributed to personal reasons and to pursue other professional opportunities. He confirmed there are no other factors contributing to his departure.The following table summarizes the details of Mr. Chopra’s cessation:Sr. No.Disclosure requirement1Reason for changeResignation2Date of...

Eicher Motors Reports Sales Volume Increase for VE Commercial Vehicles in March 2026 Eicher Motors Ltd. announced sales volume figures for VE Commercial Vehicles Limited (VECV), its unlisted subsidiary, for March 2026. Total sales for VECV reached 13,311 units for the month, reflecting a 10.1% growth compared to 12,094 units sold in March 2025.Total Eicher Trucks and Buses sales, inclusive of electric vehicles, increased by 10.6% to 13,113 units in March 2026, compared to 11,852 units in March 2025. Year-to-date (YTD) sales for the period ending March 2026, totaled 103,495 units, a 14.8% increase from 90,161 units in the YTD period ending March 2025.Domestic sales for the month reached 12,706 units, a 13.6% increase compared to...

Tenneco Clean Air India Limited Appoints Aditya Kohli as Senior Management Personnel Tenneco Clean Air India Limited, formerly Tenneco Clean Air India Private Limited, announced the appointment of Mr. Aditya Kohli as Chief Human Resource Officer, effective April 1, 2026. The appointment was approved by the company's Nomination and Remuneration Committee on March 25, 2026, and subsequently ratified by the Board of Directors on April 1, 2026.Mr. Kohli brings over 20 years of experience in human resources, with expertise in talent management, performance, reward and benefits, business relationship management, HR transformation, change and culture management, employee engagement, HR technology, and service delivery strategy. Prior to...

Finolex Cables to Appeal GST Order Finolex Cables Ltd. announced receipt of an order dated March 30, 2026, from the Additional Commissioner, Central GST, Deharadun, Uttarakhand. The order, received March 31, 2026, addresses a demand related to a mismatch of Input Tax Credit (ITC), discrepancies in Electronic Way Bills, and delayed payments to creditors.The company stated that the order appears ill-considered and will be appealed before the Appellate Authority. The tax demand amounts to Rs. 29,46,09,345, comprising Rs. 29,44,22,806 in tax and Rs. 1,86,539 in penalty. Finolex Cables indicated that this demand is not expected to have a major impact on the company's operations.Details of the Order:ParticularsDetails...

CLN Energy Ltd. Closes Pune Factory to Consolidate Manufacturing Operations CLN Energy Ltd. announced the closure of its factory in Pune, effective March 31, 2026. The move is part of a strategic initiative to consolidate manufacturing activities at the company’s Noida plant, aiming to optimize operational efficiency and resource utilization.According to company information, the Noida unit possesses sufficient capacity and facilities to handle both current and anticipated production needs. The Pune facility generated a turnover of Rs. 21,93,02,858, representing 10.01% of the company's revenue. The net worth of the Pune unit represents less than 1% of CLN Energy’s total consolidated net worth.Source:

Punj Lloyd Ltd. Announces Sale of Atna Investments Limited Shareholding April 1, 2026 – Punj Lloyd Ltd. announced on Monday that it has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 99.99% of its shareholding in Atna Investments Limited. The agreement was finalized on March 31, 2026, with the transaction expected to be completed on the same date.Diversified India Growth Fund is an alternative investment scheme of Diversified India Growth Trust, registered as a Category II Alternative Investment Fund with registration number IN/AIF2/25-26/1819. Dickey Asset Management Private Limited serves as the fund’s Investment Manager. None of the buyers are associated with Punj Lloyd's promoter...

Siti Networks Limited Discloses Default on Loan Payments Siti Networks Limited reported a default on interest and principal payments related to loans from banks and financial institutions as of March 31, 2026. The disclosures, made in compliance with SEBI Circular No. SEBI/HO/CFD/CMDl/CIR/2019/140 dated November 21, 2019, reveal a total loan amount outstanding of 1,206.03 crore as of the reporting date, compared to 1,500.00 crore as of February 22, 2023. The amount of default mirrored the outstanding amount in both reporting periods at 1,206.03 crore.The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, with Rohit Mehra appointed as the Interim Resolution...

Canara Bank Confirms Promoter Holdings in Subsidiaries Canara Bank, on April 1, 2026, disclosed its holdings in Can Fin Homes Ltd., Canara HSBC Life Insurance Company Ltd., and Canara Robeco Asset Management Company Ltd., in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.As of March 31, 2026, Canara Bank held 3,99,30,365 shares, representing 29.99% of the total share/voting capital in Can Fin Homes Ltd. For Canara HSBC Life Insurance Company Ltd., the bank’s holdings amounted to 34,67,50,000 shares, equating to 36.50% of the total share/voting capital. In Canara Robeco Asset Management Company Ltd., Canara Bank held 7,57,73,822 shares, representing 38.00% of the total share/voting capital...

Indobell Insulations Limited Announces Withdrawal of Previously Awarded Export Order Indobell Insulations Limited announced on April 1, 2026, that a previously awarded export order has been withdrawn. The company initially reported on March 31, 2026, that it had secured an Export Order for ST Blanket Thermal Insulation valued at 73,500 US Dollars from GE VERNOVA PARTS & PRODUCTS GmbH - BADEN, SWITZERLAND.According to a communication received from the awarding entity on March 31, 2026, Purchase Order No. 4102844261 was placed by mistake and should be disregarded. Consequently, the company is treating the earlier disclosure as withdrawn and cancelled.Vijay Burman, Chairman and Managing Director of Indobell Insulations Limited...

Coal India Reports Provisional Production and Offtake Performance Coal India Limited (CIL) announced its provisional production and offtake performance for the month of March 2026, and for the period spanning April 2025 to March 2026.Production PerformanceCoal production for the month of March 2026 totaled 84.5 million tonnes, a decrease of 1.5% compared to 85.8 million tonnes in the same period of the previous year. For the period of April 2025 to March 2026, total coal production was 768.1 million tonnes, down 1.7% from 781.1 million tonnes in the prior year.A detailed breakdown of production figures by subsidiary company is presented below:COAL PRODUCTION (Figs in Mill Te)COAL PRODUCTION (Figs in Mill Te)COAL PRODUCTION...

Star Source Multi Trade Limited Responds to BSE Regarding Share Price Movement Star Source Multi Trade Limited, formerly known as Chemo Pharma Laboratories Limited, responded to a clarification request from the Bombay Stock Exchange (BSE) Limited concerning share price movements. The response, dated April 1, 2026, affirms the company's adherence to regulations outlined in the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.The company stated it has consistently provided the BSE with information impacting operations and performance, including price-sensitive data, as mandated by Regulation 30 and other applicable regulations. Star Source Multi Trade Limited attributes the share price movement to market-driven...

Solarworld Energy Solutions Limited Receives Contract for 200MW Solar Project Solarworld Energy Solutions Limited announced it has received a letter of award of contract for Block-IX (200MW) under the ‘BALANCE OF SYSTEM PACKAGE FOR DEVELOPMENT OF 1000MW (2X300MW + 2X200MW) GRID CONNECTED SOLAR PV PROJECT AT BIKANER, RAJASTHAN’ from NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy Limited. The event occurred on March 31, 2026, at 5:32 p.m. (IST).The contract, valued at approximately Rs. 267.53 Crores (including taxes), involves the BOS (Balance of System) package and includes comprehensive Operation & Maintenance (O&M) of the Solar Photo Voltaic Plant for three years. The project completion timeline is set at 19 months...

Punj Lloyd Announces Sale of Sembawang Infrastructure (India) Private Limited Punj Lloyd Ltd. announced on April 1, 2026, that it has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 100% of its shareholding in Sembawang Infrastructure (India) Private Limited. The agreement was finalized on March 31, 2026, with the transaction also expected to be completed on March 31, 2026.Diversified India Growth Fund is an alternative investment scheme of Diversified India Growth Trust and is registered as a Category II Alternative Investment Fund. Dickey Asset Management Private Limited acts as the Investment Manager. None of the buyers are affiliated with Punj Lloyd's promoters, promoter group, or group...

Canara Bank Discloses Promoter Shareholding Details Canara Bank announced on April 1, 2026, that the promoter of the bank is the President of India. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.According to the filing, the promoter, along with persons acting in concert, did not create any encumbrances, directly or indirectly, during the financial year 2025-26.As of March 31, 2026, the government of India, represented by the President of India, held 5,70,85,48,390 shares in Canara Bank, representing 62.93% of the total share/voting capital. This figure also applies to the total diluted share/voting capital of the bank.Shareholding Details The following table...

Hindustan Foods Limited Announces Scheme of Arrangement Effective Hindustan Foods Limited, a Vanity Case Group company, announced that a Scheme of Arrangement between Avalon Cosmetics Private Limited, Vanity Case India Private Limited, and Hindustan Foods Limited has become effective. The scheme was finalized with the filing of Form INC-28 with the Registrar of Companies, Mumbai, Maharashtra, as of the closing of business hours on March 31, 2026.The Scheme involves the demerger of the Contract Manufacturing (Nashik) Business of Avalon Cosmetics Private Limited into Hindustan Foods Limited, with an effective date of the opening of business hours on April 1, 2024. Additionally, the amalgamation of Vanity Case India Private Limited with...

Sri Lotus Developers and Realty Ltd. Grants Employee Stock Options Sri Lotus Developers and Realty Limited announced on Wednesday, April 1, 2026, that its Nomination and Remuneration Committee approved the grant of 12,06,500 stock options to eligible employees under the Sri Lotus Developers Employee Stock Option Scheme 2024.Each option is convertible into one fully paid-up equity share with a face value of Re. 1. The exercise price per option is set at Rs. 75. Options will begin vesting after a period of one year from the date of grant and may be exercised within five years from the vesting date.According to details released, the scheme complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Shares...

Marksans Pharma Receives USFDA Approval for Benzonatate Capsules Marksans Pharma Limited (Reuters: MARK.BO; Bloomberg: MRKS IN; NSE: MARKSANS; BSE: 524404) announced the final approval of its Abbreviated New Drug Application (ANDA) for Benzonatate Capsules USP, 100 mg & 200 mg (Rx) from the US Food and Drug Administration (USFDA).The approved product is bioequivalent and therapeutically equivalent to Tessalon Capsules, 100 mg and 200 mg, manufactured by Pfizer Inc. Benzonatate is a non-narcotic antitussive used to relieve persistent cough associated with bronchitis, pneumonia, or other lung infections.Marksans Pharma Limited, headquartered in Mumbai, India, is engaged in the research, manufacturing, and marketing of generic...

Baazar Style Retail Ltd. Closes Store in Odisha Baazar Style Retail Ltd. announced the closure of one store in Brahmapur, Odisha, effective April 1, 2026.The company’s total store count now stands at 262.MetricValueDate of ClosureApril 1, 2026Location of ClosureBrahmapur, OdishaTotal Number of Stores262Source:

ITC Limited Acquires Control of Sproutlife Foods Private Limited ITC Limited announced on April 1, 2026, that it has acquired the right to nominate the majority of directors on the board of Sproutlife Foods Private Limited ('Sproutlife'). This development results in Sproutlife becoming a subsidiary of ITC Limited, effective April 1, 2026.Sproutlife, incorporated on February 13, 2015, is engaged in the manufacturing and sale of food products under the ‘Yoga Bar’ trademark. The company operates as a digital-first brand with a significant online sales presence (direct-to-consumer and e-commerce platforms), alongside a growing offline retail presence.The acquisition aligns with ITC's strategy to expand its portfolio in the foods...