Markets

Promoter Group Increases Stake in Indo Farm Equipment Ltd. Indo Farm Equipment Ltd. announced that Mr. Shubham Khadwalia and Ms. Diksha Khadwalia, part of the company’s Promoter Group, acquired 135,203 equity shares through open market purchases on March 27, 2026, and March 30, 2026.The acquisition has resulted in an increase in the Promoter and Promoter Group’s collective shareholding from 70.35% to 70.62% on a fully diluted basis. The company’s shares are listed on the BSE under the symbol INDOFARM and BSE Scrip Code 544328, and on the NSE under the symbol INDOFARM.Source:

Birlasoft Announces Leadership Changes Birlasoft Limited announced several leadership changes on March 30, 2026, following the resignations of key personnel. The company’s Board of Directors approved the appointments to fill the vacated roles, all effective April 1, 2026.Ms. Priti Kataria resigned as Chief Human Resources Officer and Senior Management Personnel, citing personal reasons. Mr. Arun Rao has been appointed as her successor. Mr. Rao most recently held the role of Group Head - Leadership Development at the CKA Birla Group. He brings over three decades of experience in human resources and leadership development.Mr. Selvakumaran Mannappan also resigned as Chief Operating Officer, citing personal reasons. Mr. Vikram Puranik...

Bhagyanagar India Limited Appoints New Company Secretary and Compliance Officer Bhagyanagar India Limited announced the appointment of Mr. Sanjay Singh Rathore as the Company Secretary and Compliance Officer, effective March 30, 2026. The decision was made by the Board of Directors following recommendations from the Nomination and Remuneration Committee. Mr. Rathore holds Membership No. ACS 66136.According to a company statement, Mr. Rathore is an Associate Member of the Institute of Company Secretaries of India. He holds a Master's degree in Commerce and possesses experience in company law and accountancy.The appointment aligns with Section 203 of the Companies Act, 2013, and Regulation 6(1) of the Securities and Exchange Board of...

IL&FS Transportation Networks Ltd. to Seek Board Approval for Record Date for Interim Distribution IL&FS Transportation Networks Ltd. announced it will seek approval from its Board of Directors on Tuesday, April 7, 2026, to set a record date for the payment of the Third Interim Distribution to its debenture holders.The record date, once finalized, will be communicated to the stock exchanges. IL&FS Transportation Networks Ltd. is listed on the Bombay Stock Exchange under Scrip Code No: 533177 and the National Stock Exchange of India Limited under Scrip Code No: IL&FSTRANS EQ.Source:

Race Eco Chain Ltd. Corporate Office Searched by GST Department Race Eco Chain Ltd. announced that a search operation was conducted by the GST Department on March 27, 2026, at the company’s corporate office in Noida, Uttar Pradesh. The search began at 4:40 PM and concluded at 11:30 PM on the same day.The search was conducted by the Commissioner, CGST Commissionerate, Noida. No search authorization direction or order was issued. The company reported no violations or contraventions.The impact on the financial, operational, or other activities of Race Eco Chain Ltd. is yet to be determined and will be quantified in monetary terms to the extent possible.Race Eco Chain Limited is headquartered at Shop No. 37, Shanker Market, Connaught...

Supra Pacific Financial Services Ltd. Announces Rights Issue Allotment Supra Pacific Financial Services Ltd. announced the allotment of 1,58,52,525 equity shares on a rights basis to eligible shareholders. The rights issue opened on March 20, 2026, and closed on March 27, 2026. The shares were allotted at a price of ₹23 per share, including a premium of ₹13.The company’s paid-up equity share capital has increased from ₹33,28,77,410, comprising 3,32,87,741 fully paid-up equity shares, to ₹49,14,02,660, comprising 4,91,40,266 fully paid-up equity shares.The details of the pre and post-issue paid-up share capital are as follows:ParticularsNo. of Equity SharesFace ValuePaid-up share capital (Pre-Rights Issue)3,32,87,741₹10...

Netlink Solutions India Ltd. Appoints New Chief Financial Officer Netlink Solutions India Ltd. announced on March 30, 2026, that Mr. Punitbhai Bavanjibhai Lakkad has resigned from his position as Chief Financial Officer (CFO), effective March 30, 2026, due to pre-occupation and personal reasons.The company has appointed Mrs. Kajal Baldha as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective March 31, 2026. Mrs. Baldha brings over 10 years of experience in services, advisory, and consultancy businesses. She is currently associated with Arix Capital Limited as a Director since April 2019. She holds a Bachelor of Science degree from Veer Narmad South Gujarat University.The Board of Directors’ meeting...

Kansai Nerolac Paints Faces Tax Assessments, Maintains No Material Impact Kansai Nerolac Paints Limited announced on March 30, 2026, orders passed under Section 74 of the Central Goods and Services Tax Act, 2017 (CGST Act). The company disclosed the information in accordance with Securities and Exchange Board of India (SEBI) regulations.Assessment Year 2017-18 The Commissioner Appeals II, CGST & Central Excise, Mumbai, confirmed a penalty of Rs. 2,78,89,642 for disallowance of transitional Input Tax Credit claimed by the company during fiscal year 2017-18 for the state of Maharashtra. The company intends to appeal the order before the GST Tribunal.Assessment Year 2019-20 The Deputy Commissioner, CGST Division-West, CGST Faridabad...

G R Infraprojects Secures Road Project in Gujarat Worth ₹1453.57 Crores G R Infraprojects Limited has received a Letter of Acceptance for a road project from the National Highways Authority of India, the company announced on March 30, 2026. The project involves the upgradation of a section of NH-56 in Gujarat, specifically the stretch from Ch. 208+90 to Ch. 269+11, spanning a length of 60.21 kilometers.The contract, awarded under a Hybrid Annuity Mode (HAM) framework (Pkg-VI), entails transforming an existing two-lane carriageway into a four-lane divided carriageway. The project’s consideration is valued at ₹1453.57 Crores, excluding Goods and Services Tax (GST). The completion timeline is set at 910 days from the appointed date...

Baheti Recycling Industries Limited Appoints Auditors for Fiscal Year 2025-26 Baheti Recycling Industries Limited announced the appointments of both an Internal Auditor and a Secretarial Auditor during a board meeting held on March 30, 2026. The decisions were made following recommendations from the company's Audit Committee.M/s. Wadhawan Pandya & Co. has been appointed as the Internal Auditor for the financial year ending 2025-26. Mr. Wadhawan Pandya, the auditor, possesses significant expertise in auditing and internal control systems.Additionally, M/s. Parth P Shah & Associates has been appointed as the Secretarial Auditor for the same financial year. Mr. Parth Shah brings considerable experience in corporate governance and...

PFL Infotech Ltd. Board Approves Capital Reduction, Registered Office Relocation PFL Infotech Ltd. announced several key decisions following a board meeting held on March 30, 2026. The board approved a reduction in paid-up share capital and a relocation of the company’s registered office.The board approved a reduction of paid-up share capital, subject to shareholder and NCLT approval. The reduction involves setting off Rs. 7,40,33,190 against accumulated losses of Rs. 7,84,55,000. This will reduce the company’s paid-up capital from Rs. 7,47,81,000, consisting of 74,78,100 fully paid-up equity shares, to Rs. 7,47,810, divided into 74,781 equity shares. Shareholders will receive one share for every 100 shares held.Furthermore, the...

Ansal Housing Limited Discloses Default on Project Funding Ansal Housing Limited disclosed a default on project funding obligations on March 30, 2026, according to a filing. The default, reported on February 28, 2026, involves a principal amount of Rs. 55.62 crore and no interest.Suraksha Asset Reconstruction Private Limited, acting as Trustee of Suraksha ARC-034 Trust, is the lender involved in the default. The total outstanding obligation amounts to Rs. 169.00 crore, with a tenure extending until December 31, 2026, and an interest rate of 14% per annum. The obligation is secured.As of March 30, 2026, Ansal Housing Limited’s total borrowings from banks and financial institutions stand at Rs. 207.33 crore, while its total financial...

Storage Technologies and Automation Limited Board Approves Related Party Transaction Storage Technologies and Automation Limited announced that its Board of Directors convened a meeting on March 30, 2026. The meeting commenced at 4:15 p.m. and concluded at 4:45 p.m.A key decision from the meeting involved the approval of a sub-lease of factory premises with related parties. This approval followed a recommendation from the Audit Committee and aligns with Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI (LODR) Regulations, 2015. Other business items were also addressed during the board meeting.The company's BSE Script Code is 544171 (STAL), and its ISIN is INE0RGM01016. Mohammad Arif Abdul Gaffar Dor, Managing...

Venmax Drugs and Pharmaceuticals Appoints New Directors Venmax Drugs and Pharmaceuticals Limited announced the appointment of two additional directors to its board on March 30, 2026. The decisions were made during a board meeting that commenced at 4:00 P.M. and concluded at 5:00 P.M.Mrs. Padmaja Kalyani Sadhanala has been appointed as an Additional Director, serving in a Non-Executive and Non-Independent capacity. She brings over 20 years of experience in the pharmaceutical industry, holding a Post Graduate degree in Genetics and Cell Biology. Her appointment is effective from March 30, 2026, and will continue until the conclusion of the next General/Annual General Meeting, at which point she will be eligible for reappointment. Mrs...

BASF India to Close Metal Complex Dyes Production Line in Mangalore BASF India Limited has announced the closure of its Metal Complex Dyes (MCD) production line located at its manufacturing site in Mangalore. The decision, approved by the Board of Directors at a meeting held on March 30, 2026, is attributed to the commoditized nature of the MCD business and its limited strategic relevance and pricing power, impacting margins and profitability.The MCD production line is part of the Dispersions Business within the Industrial Solutions Segment. During the fiscal year 2024-25, the MCD Production Line generated approximately Rs. 15 crore in revenue, representing 0.1% of BASF India’s total revenue.The closure is anticipated to occur...

BASF India Ltd. to Divest Subsidiary for INR 230.16 Crore BASF India Limited announced on March 30, 2026, that its Board of Directors has approved the transfer and sale of its 100% stake in BASF India Coatings Private Limited to Bond German BidCo 2 GmbH and Bond France BidCo SAS, companies affiliated with the Carlyle Group. The consideration for the divestiture is INR 230.16 crore, as determined by an independent valuer, subject to adjustments at closing.The transaction, which is expected to close during the second quarter of 2026, follows a global agreement between BASF and funds managed by the Carlyle Group, in partnership with Qatar Investment Authority, concerning BASF's automotive OEM coatings, automotive refinish coatings, and...

LS Industries Ltd. Increases Investment in Robochef Agritech, Plans to Make it a Subsidiary LS Industries Limited announced an additional investment of Rs. 31,50,000 in Robochef Agritech Private Limited on March 30, 2026. This follows a previous board resolution from November 14, 2025, authorizing an investment of Rs. 7,50,000. The total investment now amounts to Rs. 39,00,000, representing a 78% stake in Robochef Agritech’s equity share capital.The company intends to make Robochef Agritech a subsidiary. Robochef Agritech, incorporated under the Companies Act, 2013, is based in Ludhiana, Punjab, and operates in the agritech sector, specializing in hydroponics farming and food processing automation.The move represents a strategic...

Asahi India Glass Completes Sale of Stake in Under Par Sports Technologies Asahi India Glass Limited announced the completion of the sale of a 34% stake held by AIS Consumer Glass Solutions Limited, a subsidiary of the company, in Under Par Sports Technologies Private Limited. The transaction concluded on March 30, 2026.Under Par Sports Technologies was previously an Associate Company of AIS Consumer Glass Solutions and an Indirect Associate of Asahi India Glass. As a result of the sale, Under Par Sports Technologies no longer holds these designations, effective March 30, 2026.The sale follows an initial announcement made on March 24, 2026. No changes have been made to the previously disclosed information regarding this transaction...

Fabtech Technologies Cleanrooms Completes Acquisition of Advantek Air Systems Fabtech Technologies Cleanrooms Limited announced the completion of its acquisition of Advantek Air Systems Private Limited (Advantek) on March 30, 2026. The acquisition follows an earlier intimation provided on February 12, 2026. The company's stock symbol on the BSE Limited is FABCLEAN, with a scrip code of 544332. Jahnavi Mehta, Company Secretary & Compliance officer (Membership No.: A36473), confirmed the completion.Source:

Magna Electro Castings Ltd. Signs Captive Power Agreement and Share Subscription Agreement Magna Electro Castings Limited announced on March 30, 2026, that it has executed a Captive Power Agreement and a Share Subscription and Shareholders Agreement with First Energy TN 1 Private Limited (FETN1PL). The agreements were signed on March 30, 2026, at 4:00 P.M. IST.FETN1PL, incorporated on January 29, 2022, has a registered office in Pune and a paid-up share capital of Rs. 23.04 Crores. The company operates in the energy industry, specifically solar power.The acquisition is intended to comply with minimum shareholding requirements under the Electricity Act of 2003. Magna Electro Castings Ltd. already holds 14,40,000 equity shares...