Markets

Quest Flow Controls Ltd. Announces Disinvestment of Subsidiary Stake Quest Flow Controls Limited (formerly Meson Valves India Limited) announced on March 30, 2026, that its Board of Directors has approved the divestment of its entire stake in subsidiary, H2O DYNAMICS INDIA LIMITED. The decision was made at a board meeting held on March 30, 2026, which commenced at 5:30 P.M. and concluded at 6:00 P.M.The transaction involves the sale to Stellarin Research and Development Private Limited, a company incorporated under the Companies Act, 2013, with Corporate Identification Number U37100CT2016PTC002159.Key details of the transaction are summarized below:ParticularsDetailsNet revenue and net worth contribution (FY 24-25)Net revenue...

MIC Electronics Limited Announces Acquisition of Neo Semi SG Pte. Ltd. and Other Corporate Actions MIC Electronics Limited announced several key corporate developments following a board meeting held on March 30, 2026. The company approved the acquisition of 71,72,090 equity shares (89.65%) of M/s. Neo Semi SG Pte. Ltd., a Singapore-based deep-tech platform company, for a total consideration of ₹357.60 Cr. This consideration includes a cash component of ₹122.26 Cr. and a non-cash component through share swap of ₹235.34 Cr. The acquisition requires shareholder approval at an Extraordinary General Meeting (EGM) scheduled for April 29, 2026.MIC Electronics Limited also approved the issue and allotment of up to 5,68,73,418 fully paid-up...

Bank of India Announces Rate Adjustments Effective April 1, 2026 Bank of India announced changes to its lending rates and base rate, effective April 1, 2026. The Marginal Cost of Fund based Lending Rate (MCLR) and Repo Based Lending Rate (RBLR) remain unchanged.The current MCLR is 8.75%. The overnight MCLR will be 7.70%, the 1-month MCLR 8.05%, the 3-month MCLR 8.20%, the 6-month MCLR 8.60%, the 1-year MCLR 8.75%, and the 3-year MCLR 8.90%.Here's a table summarizing the MCLR rates:Rate effective fromOvernight MCLR1 Month MCLR3 Month MCLR6 Month MCLR1 Year MCLR3 Year MCLR01.04.20267.70%8.05%8.20%8.60%8.75%8.90%Adjustments were also made to the Fixed Rate Spread, effective April 1, 2026. The rate of interest for tenors of 1...

Punjab National Bank Maintains Interest Rates for April 2026 Punjab National Bank (PNB) announced today, March 30, 2026, that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged effective April 1, 2026. The bank's Repo linked Lending Rate (RLLR) and Base Rate also remain unchanged.The table below details the existing and upcoming MCLR rates:MCLR TenorExisting Rate (as of March 1, 2026)Rate Effective April 1, 2026Overnight7.95%Three Months8.20%Six Months8.40%8.40%One Year8.60%Three Years8.75%Five Years9.05%9.05%The bank’s RLLR stands at 8.10% (including BSP) while the Base Rate remains at 9.50%.Source:

Kotak Mahindra Bank Remits Interest Payments to Bondholders March 30, 2026 – Kotak Mahindra Bank Limited announced today the payment of interest to its bondholders. The interest payment relates to the 8.25% Senior Unsecured Redeemable Long Term Bonds in the nature of Non-Convertible Debentures.The total interest amount disbursed was Rs. 12.3750 crore. The payment was made on March 30, 2026, as per the scheduled due date.Details regarding the interest payment are presented below:ISINDue date for Payment of InterestActual Date of PaymentInterest amount (Rs. in crore)INE237A08940March 30,2026*March 30, 2026Rs. 12.3750The record date for the interest payment was March 13, 2026. The interest is paid on an annual basis...

Sir Shadi Lal Enterprises Ltd. Faces Penalty for Income Tax Assessment Year 2015-16 Sir Shadi Lal Enterprises Ltd. has disclosed receiving a penalty order from the Assessment Unit, Income Tax Department, related to the Assessment Year 2015-16. The company faces a penalty of Rs. 1,73,82,167 under Section 271(1)(c) of the Income Tax Act, 1961, for alleged inaccurate particulars of income.The penalty arises from an assessment order dated December 30, 2017, where the company declared a loss of Rs. 44,00,50,224. A subsequent assessment determined an income of Rs. 16,81,14,632, including an addition of Rs. 27,09,95,865 and Rs. 9,39,727. The company contested the assessment, and while some additions were later revised by the Income Tax...

Prithvi Exchange (India) Ltd. Expands Presence with New Branch in Lucknow Prithvi Exchange (India) Limited has announced the opening of a new branch in Lucknow, Uttar Pradesh, marking an expansion of its service network. The branch is located at B-310, Sahara Plaza, 1st Floor, Gomti Nagar, Lucknow, Uttar Pradesh - 226 010.The company stated its intention to provide forex services within a technologically updated environment, aiming to deliver optimal service to clients. Prithvi Exchange also indicated plans to continue expanding its network with additional branches across the nation. The announcement was made on March 30, 2026.Source:

Prithvi Exchange (India) Ltd. Expands Presence with New Branch in Gurugram Prithvi Exchange (India) Ltd. has opened a new branch in Gurugram, Haryana, as part of an ongoing expansion strategy. The branch is located at Shop No. F-102, First Floor, Sapphire Ninety, Sector-90, Gurugram, Haryana-122 505.The company stated it aims to offer foreign exchange services in a modern, technologically updated environment and to provide clients with the best possible service. Prithvi Exchange intends to expand its presence across the nation by opening additional branches in the future.Source:

H.G. Infra Engineering Ltd. to Dissolve Eight Subsidiary Solar Projects H.G. Infra Engineering Ltd. announced on March 30, 2026, that eight step-down wholly owned subsidiaries have obtained shareholder consent for voluntary dissolution and will apply to the Registrar of Companies in Jaipur for strike-off. The subsidiaries are H.G. Nagaur Solar Project Private Limited, H.G. Behror Solar Project Private Limited, H.G. Bhilwara Solar Project Private Limited, H.G. Bhiwadi Solar Project Private Limited, H.G. Ghiloth Solar Project Private Limited, H.G. Kota Solar Project Private Limited, H.G. Tapukara Solar Project Private Limited, and H.G. Tijara Solar Project Private Limited.The companies were incorporated between May 28, 2024, and June 3...

Thomas Cook (India) Ltd. Resolves Income Tax Dispute Thomas Cook (India) Limited announced on March 30, 2026, that it received an order from the Office of the Deputy Commissioner of Income Tax Circle 1(3)(1), Mumbai, resolving a pending dispute related to a demand of Rs. 159.5 million pertaining to assessment year 2018-19.The resolution of the demand has no impact on the financial operations or other activities of the company.Details of the Order The order, issued under Section 143(3) read with Section 254 of the Income-tax Act, 1961, concluded the dispute.ParticularsDetailsAuthorityOffice of the Deputy Commissioner of Income Tax Circle 1(3)(1), MumbaiNature of ActionOrder u/s 143(3) r.w.s. 254 of the Income-tax Act, 1961...

Ventive Hospitality Acquires Stakes in Narmada Estates and Sun Leisure (India) Ventive Hospitality Limited announced on March 30, 2026, that its material subsidiary, Panchshil Corporate Park Private Limited, acquired a 50.02% stake in Narmada Estates Private Limited. Additionally, the company's subsidiary, Soham Leisure Ventures Private Limited, acquired a 100.00% stake in Sun Leisure (India) Private Limited - SOL DE GOA.Narmada Estates Private Limited was incorporated on March 22, 1993, and owns a land parcel near The Ritz-Carlton, Pune. As of March 31, 2025, its authorized capital was ₹5,00,000 divided into 5,000 equity shares of ₹100 each, with a paid-up capital of ₹1,00,000 divided into 1,000 equity shares of ₹100 each. The...

Religare Enterprises Subsidiary Receives Stay Order from Bombay High Court Religare Enterprises Limited announced on March 30, 2026, that Care Health Insurance Limited (CHIL), a material subsidiary, has received a stay order from the Hon'ble Bombay High Court. The order pertains to a writ petition filed against an order-in-original issued by the Office of the Assistant Commissioner of Goods and Services Tax, Faridabad, concerning the SEZ matter for the period July 2017 to March 2024.The original order raised a Goods and Services Tax (GST) demand of Rs. 17,68,26,837 with interest and imposed a penalty of Rs. 17,68,26,837. The matter relates to industry-wide issues.CHIL received the order from its tax advisors on March 28, 2026...

Aditya Birla Capital Invests Rs. 53 Crores in Subsidiary Aditya Birla Capital Limited announced an investment of Rs. 53 Crores (Rupees Fifty-Three Crores Only) on a rights basis in the equity shares of Aditya Birla Capital Digital Limited (ABCDL) on March 30, 2026.ABCDL is a wholly-owned subsidiary of Aditya Birla Capital Limited, and the investment is intended to meet its growth and funding requirements. The transaction, considered an arm’s length related party transaction due to ABCDL's status as a wholly owned subsidiary, does not alter the percentage shareholding of ABCL in ABCDL, which remains at 100%.The investment was made in cash.ParticularsDetailsEntityAditya Birla Capital Digital Limited (ABCDL)InvestmentRs. 53...

CP Capital Limited Announces Director Resignation CP Capital Limited (formerly known as Career Point Limited) announced the resignation of Mr. Nawal Kishore Maheshwari from the post of Whole Time Director, effective March 30, 2026, following the closure of business hours.Mr. Maheshwari’s resignation is due to personal reasons. He confirmed there are no other material reasons for his departure.Director Resignation DetailsParticularsInformationReason for ChangeResignation from the post of Whole Time DirectorDate of CessationMarch 30, 2026Mr. Maheshwari expressed gratitude for the opportunity to serve the company and wished CP Capital Limited continued success.CP Capital Limited is headquartered at Village Tangori...

Avenue Supermarts Limited Redeems Commercial Paper with Rs. 100 Crores Avenue Supermarts Limited announced the redemption of a commercial paper with a face value of Rs. 100 Crores on March 30, 2026. The redemption, amounting to Rs. 100 Crores, marks the maturity of the commercial paper identified by ISIN INE192R14311.The company redeemed 2000 commercial papers, bringing the outstanding amount to Nil. The redemption date aligned with the scheduled maturity date, March 30, 2026.ParticularsDetailsISININE192R14311Type of redemption (full/ partial)FullIf partial redemption, then a. By face value redemption b. By quantity redemptionNot ApplicableIf redemption is based on quantity, specify, whether on: a. Lot basis b...

Manbro Industries Acquires 50.04% Stake in Green AAC Block and Mortar Manbro Industries Limited announced the acquisition of a 50.04% stake in Green AAC Block and Mortar Private Limited, formerly known as Gotripily Travel Services Private Limited. The acquisition, finalized on March 30, 2026, involved an investment of ₹3,74,99,904 in cash through the subscription and allotment of equity shares.Green AAC Block and Mortar Private Limited, with Corporate Identification Number U52291AS2023PTC025522, has become a subsidiary of Manbro Industries Limited as a result of this transaction.Previously, a detailed disclosure regarding this acquisition was made on September 3, 2025.Source:

McDonald’s India Opens New Restaurant in Hyderabad’s Irrum Manzil Hub Hyderabad, March 30, 2026 – Westlife Foodworld Ltd., owner and operator of McDonald’s restaurants in West and South India, announced the opening of a new McDonald’s restaurant at L&T Next Premia Mall, Irrum Manzil in Hyderabad.The new restaurant, spanning 2,800 square feet, is located on the entry level of the skywalk directly connected to the Irrum Manzil Metro Station. Westlife’s expansion strategy focuses on high-growth urban corridors and leveraging transit-linked consumption opportunities. The restaurant also strengthens the company's partnership with L&T Metro Rail Hyderabad.The location aims to serve commuters, office professionals, students, and families...

Kamdhenu Limited Announces Allotment of Equity Shares Following Warrant Conversion Kamdhenu Limited announced today, March 30, 2026, the allotment of equity shares following the conversion of warrants into equity shares of Kamdhenu Ventures Limited (KVL). This follows a previous intimation made on the same date.The Preferential Issue Committee of KVL's Board of Directors has allotted 1,46,45,000 equity shares with a face value of Re. 1 each. This allotment is a result of the conversion of 1,46,45,000 warrants. A payment of Rs. 7,46,89,500, representing 75% of the total amount, was made toward this warrant conversion.Further details pertaining to this event, as required under SEBI regulations, were previously provided in a...

Krishana Phoschem Limited Signs Green Ammonia Purchase Agreement with SECI Krishana Phoschem Limited announced on March 30, 2026, that it has entered into an agreement with Solar Energy Corporation of India Limited (SECI) for the purchase of Green Ammonia. The agreement supports the fertilizer industry's transition towards low-carbon feedstock and aligns with the Government of India’s National Green Hydrogen Mission.The agreement, classified as a domestic transaction, involves the purchase of 70,000 metric tons of Green Ammonia annually through SECI. The price parity will be that of grey ammonia, and the agreement will remain in force for a period of 10 years. Supply is expected to commence three years following the agreement's...

Hoac Foods India Limited Opens New Franchise Store in Greater Noida Hoac Foods India Limited announced the opening of a new franchise retail outlet under its Hariom Atta & Spices brand in Greater Noida, Uttar Pradesh, in partnership with Shiv Kripa Retail. The new store is located at Shop No. LGF-07, City Galleria, Gaur City 2, Sector 16C, Greater Noida, Uttar Pradesh - 201306.The company stated that the expansion marks a significant step in its accelerated growth strategy, citing the Noida and Greater Noida region as a rapidly emerging market. The new outlet will offer a full range of products including fresh chakki atta, pulses, rice, spices, edible oils, and other FMCG essentials.Hoac Foods India Limited currently operates a...