Markets

CLN Energy Ltd. Establishes Wholly-Owned Subsidiary in Dubai CLN Energy Ltd. announced the incorporation of a wholly-owned subsidiary, C L N General Trading L.L.C., in Dubai, United Arab Emirates, completing the process on March 28, 2026. This development follows an earlier intimation dated January 28, 2026.The newly formed subsidiary will operate in the clean energy sector, focusing on trading, marketing, distribution, import, and export of clean and renewable energy products, solutions, and technologies for stationary energy applications.The investment in C L N General Trading L.L.C. totals INR 25,68,000, equivalent to AED 1,00,000, representing a 100% subscription to the equity share capital in cash.As a wholly-owned...

Magson Retail and Distribution Expands Retail Presence with New Stores in Gujarat Magson Retail and Distribution Limited announced a strategic expansion of its retail presence with the opening of new stores in Jamnagar and Gandhidham, Gujarat, effective March 29, 2026.The new store locations are:Shop No 1 & 2 The Prime-2, P.N.Marg, Jamnagar-361008 Gujarat, India GF-1 ARJUN, Plot no 19 Ward 6 (Commercial) Gandhidham, Kutch-370201 Gujarat IndiaWith these additions, Magson Retail and Distribution Limited now operates a total of 40 stores across more than 10 cities in 3 states.Source:

Interarch Building Solutions Limited Appoints Executive Director Interarch Building Solutions Limited announced that shareholders approved the appointment of Mr. Manish Kumar Garg as an Executive Director on March 27, 2026, via postal ballot. Mr. Garg, who currently serves as the Company’s Chief Executive Officer, was initially appointed as an Additional Director on February 2, 2026.The appointment is for a period of five years, commencing February 2, 2026, and concluding February 1, 2031. Mr. Garg will continue in his role as Chief Executive Officer and is subject to retirement by rotation.Mr. Manish Kumar Garg holds a degree in Civil Engineering from Delhi and is an alumnus of Harvard Business School. He brings over three decades...

SPML Infra Limited Identifies Senior Management Personnel SPML Infra Limited announced on March 28, 2026, that its Board of Directors has identified several personnel as Senior Managerial Personnel (SMPs) following an annual review of the organization's structure. The identification is due to changes in reporting lines and roles within the company, with these individuals now reporting to the Managing Director.The newly identified SMPs are:Full NameCurrent DesignationMr. Malay Kanti ChakrabortiExecutive Vice PresidentMr. Samir Maheshbhai PatelChief Operating &Technical OfficerMr. Sumit BhattacharyaChief Human Resource OfficerMr. Subhakar RudraChief Technology OfficerMr. Partha RoyChief Legal OfficerSwati Agarwal...

Rama Steel Tubes Ltd. Announces Cessation of Associate Company Status Rama Steel Tubes Ltd. announced on March 28, 2026, that Bigwin Buildsys Coated Private Limited no longer qualifies as an associate company due to a dilution of Rama Steel Tubes’ shareholding.Previously, Rama Steel Tubes held 24.80% of the equity share capital of Bigwin Buildsys Coated Private Limited. Following a preferential issue of equity shares, the company’s shareholding has been reduced to 9.32%.During the nine months ended December 31, 2025, on a consolidated basis, Bigwin Buildsys Coated Private Limited contributed Rs. 1.88 Lakhs in revenue or income, representing 0.18% of the total. The net worth contributed by the associate company was Rs. 1.88 Lakhs...

3C IT Solutions and Telecoms Receives Purchase Order Worth Rs. 85.83 Million 3C IT Solutions & Telecoms (India) Ltd. announced today, March 28, 2026, that it has received a purchase order for Rs. 8,58,33,200 for the supply of desktop computers. The order was placed by K J Infra Developers Private Limited.The company stated that the order represents ordinary course of business and reflects growing demand for its products.According to the terms of the purchase order:Delivery will occur as mutually agreed by the parties. The order includes 18% Goods and Services Tax (GST). Payment terms stipulate a 25% advance payment, with the remaining balance due in 90 days.The contract does not involve any related party transactions and no...

Neelkanth Rockminerals Re-Appoints Noratmal Kawar as Managing Director Neelkanth Rockminerals Ltd. announced the re-appointment of Noratmal Kawar as Managing Director, effective March 26, 2026. The decision, recommended by the Nomination and Remuneration Committee, was approved by the Board of Directors at a meeting held on March 28, 2026. The appointment is for a period of three years and is subject to shareholder approval at the upcoming Annual General Meeting.Noratmal Kawar, holding DIN 00464435, is a Commerce graduate with over 20 years of experience in the manufacturing sector. The company highlighted his significant contributions to production and sales initiatives.According to company disclosures, Noratmal Kawar is the...

Galaxy Medicare Limited Appoints Secretarial Auditor Galaxy Medicare Limited announced on March 28, 2026, the appointment of M/s. Saroj Ray & Associates as the company’s Secretarial Auditor for the financial year 2025-2026. The decision was made during a board meeting held on the same date.M/s. Saroj Ray & Associates, founded in 2001, provides corporate secretarial compliance and corporate governance services. The firm serves clients across diverse sectors in India and offers expertise in corporate laws and regulations.Details of the Appointment:ParticularsDetailsName of the AuditorM/s. Saroj Ray & Associates, Practicing Company SecretariesDate of AppointmentMarch 28, 2026Terms of AppointmentFinancial Year 2025-2026...

KRM Ayurveda Limited Board Approves Auditor Appointments and Rental Authorization KRM Ayurveda Limited announced several key decisions following a board meeting held on March 28, 2026. The meeting commenced at 4:00 P.M. and concluded at 4:40 P.M.The Board of Directors approved the appointment of both an Internal Auditor and a Secretarial Auditor for the company. Additionally, the board authorized an official to secure property rentals from related parties.These decisions build upon a previous communication from March 25, 2024.Puneet Dhawan, Managing Director, confirmed the board’s actions. Dhawan’s DIN is 08553667. The company’s registered office is located at A-16, G.T. Karnal Road, Industrial Area, North West Delhi-110033. The...

B.A.G. Films and Media Limited Allots Equity Shares Following Warrant Conversion B.A.G. Films and Media Limited announced the allotment of 98,00,000 fully paid up equity shares following the exercise and conversion of warrants by Skyline Tele Media Services Limited (STMSL), a member of the promoter group. The allotment occurred on March 28, 2026, as approved by the Securities Committee of the Board of Directors.STMSL had been previously allotted 2,00,000 fully convertible warrants at an issue price of Rs. 8.25 per warrant on March 19, 2026. The company received Rs. 4,12,50,000, which is equivalent to 25% of the total issue size of Rs. 16,50,00,000 at the time of warrant allotment.The 98,00,000 warrants were converted into equity...

Medplus Health Subsidiary Receives Drug License Suspension Order Medplus Health Services Limited announced that Optival Health Solutions Private Limited, a subsidiary of the company, has received a suspension order for a Drug License. The order pertains to a store located in Kalyan Nagar, Dharwad, Karnataka.According to the order received on March 27, 2026, the Drug License for the store has been suspended for three days. The suspension was issued by the Assistant Director, Drugs Control Administration, Hubli Circle, Hubli, Karnataka, citing a violation of Rule 65 of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945.The potential financial impact of the suspension is estimated at a revenue loss of Rs 0.66 lacs...

Veerhealth Care Ltd. Approves Preferential Allotment of Warrants Veerhealth Care Ltd. announced on March 28, 2026, that its Board of Directors approved the issuance and allotment of Fully Convertible Warrants on a preferential basis, aggregating up to Rs. 21,00,00,000 (Rupees Twenty One Crores Only).The warrants will be issued to individuals belonging to the Promoter & Promoter Group Category and Non-Promoter Category. The issue price will be determined by the Board or a Committee of Directors in accordance with applicable regulations.The proposed allottees and their respective allotment amounts are as follows:S.No.Name of the Proposed AllotteeCategoryAmount in Rs. (upto)1Ruchi Yogesh ShahPromoter1,43,85,000.002Shruti...

Satyam Silk Mills Limited Appoints Additional Director Satyam Silk Mills Limited announced the appointment of Mr. Ashish Rameshwar Agarwal as an Additional (Independent) Director, effective March 28, 2026. The appointment is subject to shareholder approval.Mr. Agarwal, a Chartered Accountant with over seven years of experience in taxation matters, has been appointed for a tenure of five years.The company confirmed that Mr. Agarwal is not debarred from holding the office of director pursuant to any regulatory order.Here's a summary of the appointment details:ParticularsDetailsReason for ChangeAppointmentDate of Appointment & TermMarch 28, 2026; Tenure of 5 years, subject to shareholder approvalBrief ProfileChartered...

Bansal Wire Industries Reports Temporary Production Impact Due to Natural Gas Supply Disruption Bansal Wire Industries Limited, a manufacturer of steel wires, announced a temporary disruption in the supply of natural gas to its manufacturing facilities due to ongoing geopolitical tensions in the West Asian region. The disruption, stemming from a force majeure situation impacting global fuel availability, has affected production activities at the company’s facilities.Communications received from Oil Marketing Companies (OMCs) indicate restrictions in the supply of natural gas, curtailing gas available for heat treatment and annealing processes. As a result, production lines have been partially impacted, with capacity affected by 35%...

Aristo Bio-Tech and Lifescience Limited Receives Multiple Purchase Orders Aristo Bio-Tech and Lifescience Limited announced on March 28, 2026, that it has received multiple purchase orders via email dated March 27 and March 28, 2026, from various counterparties for the supply of agrochemicals. The company anticipates these orders will strengthen its customer base and positively contribute to its profitability.The details of the purchase orders are as follows:Sr. No.ParticularsDetails- Order No 1Details- Order No 2Details- Order No 3Details- Order No 4Name of the entity awarding the order(s)/contract(s);Truuchem Technologies Private LimitedAgro Chem International***Bharat Certis AgriScience Ltd.Whether order(s) /...

Jubilant FoodWorks Limited Reports Supply Constraints Due to Middle East Geopolitical Situation Jubilant FoodWorks Limited, a Jubilant Bhartia Company, announced on March 28, 2026, that supply constraints on commercial LPG are impacting distribution across India due to the ongoing geopolitical situation in the Middle East. The constraints have affected LPG cylinder supply to parts of the company’s store network.According to the company, the operational impact is currently limited and is being actively managed. Jubilant FoodWorks is implementing measures to conserve LPG and transition to alternative energy sources, including electricity and piped natural gas (PNG). The company is maintaining ongoing communication with oil marketing...

ADF Foods Ltd. Commences Commercial Production at New Surat Facility ADF Foods Ltd. announced the commencement of commercial production at its new Greenfield manufacturing facility located in Gujarat Agro Infrastructure Mega Food Park, Mangrol, Surat, on Saturday, March 28, 2026.The facility, established within the Gujarat Agro Infrastructure Mega Food Park, has a potential installed capacity of 10,000 metric tons per annum. The company has invested approximately Rs. 90 crore in Phase 1 of the project.The new manufacturing facility is designed to serve both international and domestic markets. Management stated that the facility is expected to enhance the company's production capabilities, improve operational efficiencies, and...

RailTel Corporation of India Ltd. Secures Order from Mumbai Port Authority RailTel Corporation of India Ltd. announced it has received a Letter of Acceptance (LoA) from the Mumbai Port Authority. The order involves the System Integration, Testing, Commissioning and Operations & Maintenance (SITC & O&M) of a Hospital Management Information System (HMIS) for the Port Authority’s hospital and dispensaries.The contract spans a period of five years from the Go-Live date. The estimated size of the order, excluding tax, is Rs. 13,03,79,234. The work is expected to be completed by July 26, 2031.The Mumbai Port Authority awarded the contract domestically, and neither the company nor its promoter group has any interest in the awarding entity...

Oswal Pumps Ltd. Approves Corporate Guarantees for Subsidiary Oswal Pumps Ltd. announced on March 28, 2026, that its Board of Directors has approved the issuance of corporate guarantees for its wholly-owned material subsidiary, Oswal Solar Energy Private Limited.The Board approved a corporate guarantee of up to Rs. 86,16,00,000 for credit facilities being availed by Oswal Solar Energy Private Limited from the State Bank of India. Additionally, a corporate guarantee of up to Rs. 50,00,00,000 was approved to secure credit facilities from Yes Bank Limited.The Board meeting commenced at 3:20 PM and concluded at 4:00 PM.The corporate guarantees represent a contingent liability for Oswal Pumps Limited. Oswal Solar Energy Private Limited...

Dev Labtech Venture Ltd. Secures ₹744.22 Crore Term Loan from SIDBI Dev Labtech Venture Limited announced that it has executed an agreement with the Small Industries Development Bank of India (SIDBI) on March 27, 2026, for a term loan cum hypothecation facility. The total amount of the term loan is ₹744.22 crore (Rupees Seven Crore Forty Four Lakh Twenty Two Thousand Only).The agreement stipulates an interest rate of 8.5% per annum, with a loan tenure of 66 months including a 6-month moratorium period.Security provided for the loan includes a first charge by way of hypothecation on the company's movable properties located at Plot No 53, 54, 1st Floor, Thakordwar Society, Mini Bazar, Varachha Road, Surat, Gujarat. Additionally, SIDBI...