Markets

Coforge Limited Receives Reservation of Order for Scheme of Amalgamation with Cigniti Technologies Limited Coforge Limited announced on March 28, 2026, that the National Company Law Tribunal (NCLT) has reserved its order for formal pronouncement concerning the proposed Scheme of Amalgamation with Cigniti Technologies Limited. This follows prior disclosures made on December 27, 2024, July 18, 2025, August 07, 2025, October 18, 2025, November 04, 2025, November 06, 2025, December 06, 2025, December 08, 2025, and January 28, 2026, regarding the amalgamation plan.The Scheme involves the amalgamation of Cigniti Technologies Limited with and into Coforge Limited, impacting both companies’ shareholders and creditors. Statutory Authorities...

Coforge Ltd. Schedules Board Meeting to Review Financial Results and Consider Interim Dividend Coforge Ltd. announced that its Board of Directors will meet on Tuesday, May 5, 2026, to review the audited consolidated and standalone financial results for the quarter and year ended March 31, 2026. The board will also consider a proposal for the payment of an interim dividend for the financial year 2025-26 and determine the record date if approved.The company further stated that a conference call with analysts and institutional investors is scheduled for May 5, 2026, tentatively at 5:15 PM (IST). Details of the call will be posted on Coforge’s website at www.coforge.com, and a transcript will be shared with the stock exchanges.Trading...

Windsor Machines Limited Allots Equity Shares Upon Conversion of Warrants Windsor Machines Limited announced the allotment of 7,00,000 equity shares following the conversion of an equal number of equity warrants. The Board of Directors approved the allotment on Friday, March 27, 2026, with an issue price of ₹ 191.85 per share, including a premium of ₹ 189.85. The conversion involved a receipt of ₹ 10,07,21,250.00 from the allottee, who belongs to the Promoter Group Category. The allottee exercised their rights of conversion in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.The allottee, Mr. Rameshbhai Keshubhai Siyani, held 52,12,405 warrants prior to the...

Aegis Vopak Terminals Limited Enters Agreement for Sale of Equity Stake in Subsidiary Aegis Vopak Terminals Limited announced on March 27, 2026, that it has entered into Share Purchase Agreements (SPA 1, SPA 2) and a Shareholders' Agreement with Aegis Terminal (Pipavav) Limited (ATPL), its subsidiary, and Itochu Corporation.The agreements pertain to the sale of a 10% equity stake, representing 5,000 equity shares with a face value of INR 10 each, of ATPL to Itochu Corporation. The total consideration for the stake is INR 80,32,00,000. Following the transaction, Aegis Vopak Terminals Limited will continue to hold 86% equity stake in ATPL.Key terms of the agreement include indemnification by Aegis Vopak Terminals Limited to Itochu...

Reliance Communications Limited Offices Searched by Central Bureau of Investigation Reliance Communications Limited (RCOM) confirmed that officials from the Central Bureau of Investigation (CBI) conducted a search and seizure operation at the office premises of Reliance Telecom Limited (RTL), a wholly owned subsidiary of RCOM, on March 26, 2026. The search took place at the RTL office located in Dhirubhai Ambani Knowledge City, Navi Mumbai.During the search, CBI officials seized original and copied letters exchanged between RTL/RCOM and banks and financial institutions, related to credit facilities, term loans, and working capital limits. Seized documents also included due diligence reports, end-use certificates, banking...

Pharmaids Pharmaceuticals Ltd. Announces Sale of Subsidiary Interest Pharmaids Pharmaceuticals Limited announced the completion of a transaction involving its step-down subsidiary, Siri Labvivo Diet Private Limited, on March 27, 2026. Adita Bio Sys Private Limited, a material subsidiary of Pharmaids Pharmaceuticals, divested its shareholding in Siri Labvivo Diet Private Limited.As a result of this transaction, Siri Labvivo Diet Private Limited is no longer considered a subsidiary of Adita Bio Sys Private Limited, nor a step-down subsidiary of Pharmaids Pharmaceuticals.The sale involved a consideration of Rs. 3,00,000 and was completed on March 27, 2026. The buyer, Mr. Shivakumar B G, is not affiliated with Pharmaids Pharmaceuticals...

Sammaan Capital Limited Receives Final Regulatory Approvals for Avenir Investment RSC Ltd. Acquisition Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) announced on March 27, 2026, that it has received all necessary regulatory approvals for the acquisition of a controlling stake by Avenir Investment RSC Ltd. ("Investor"), a company owned and controlled by International Holding Company PJSC ("Proposed Transaction").The approvals were received from the Securities and Exchange Board of India (SEBI) regarding applications made by Sammaan Asset Management Limited (SAML), a wholly-owned subsidiary of the Company, under the SEBI (Portfolio Managers) Regulations, 2020 and the SEBI (Alternative Investment Funds)...

Bharatam Ventures Limited Schedules Board Meeting to Review Investments and Consider Divestment Bharatam Ventures Limited, formerly known as Pet Plastics Limited, announced that a meeting of its Board of Directors will be held on March 31, 2026, at 12:00 P.M. The meeting will take place at the company's registered office in Mumbai.The primary agenda for the meeting includes a review of investments in subsidiaries and consideration of potential divestments. Additional matters may be addressed with the chairperson’s approval.The company’s stock trades on the BSE Limited under the Scrip Code 524046 and Scrip Name PETPLST.Abhinath Shinde, Managing Director (DIN: 07076684), will lead the proceedings.Source:

EIH Associated Hotels Limited Faces Penalty from GST Authorities EIH Associated Hotels Limited, a member of The Oberoi Group, announced that Trident Jaipur, a hotel owned by the company, has been levied a penalty of ₹33,03,083 by the GST Authorities in Jaipur. The penalty, issued in six orders dated March 27, 2026, relates to Input Services for the Financial Years 2018-19 to 2022-23.The company received the orders on March 27, 2026, at 6:34 P.M. and stated that appropriate action will be taken within the statutory time limit. The financial impact is limited to the amount of the imposed penalty.Source:

Poonawalla Fincorp Schedules Board Meeting to Review FY26 Financial Results Poonawalla Fincorp Limited announced a board meeting scheduled for Tuesday, May 05, 2026, to review and approve the audited financial results for the quarter and fiscal year ending March 31, 2026. The board will also consider the audited annual financial statements for the financial year ending March 31, 2026, and evaluate a potential dividend recommendation for the financial year 2025-26.In accordance with the company's insider trading regulations, the trading window for designated persons and their immediate relatives will be closed from Wednesday, April 01, 2026, to Thursday, May 07, 2026, inclusive.Poonawalla Fincorp Limited is listed on the BSE under...

Atishay Limited Receives ₹5.49 Crore Work Order from Directorate of Census Operations Atishay Ltd announced on March 27, 2026, that it has secured a Letter of Award from the Directorate of Census Operations (DCO), Madhya Pradesh, for the procurement of enumerators' and supervisor's kits. The order, for the first phase of House Listing Operations (HLO) of Census 2027, is valued at ₹5.49 Crores, inclusive of applicable GST.The contract requires execution and completion within 25 days from the date of the Letter of Award. According to the company, the receipt of this work order aligns with its principal business activities and strengthens its executable order book and revenue visibility.ParticularsResponseName of the entity...

One 97 Communications Limited Announces Loan Waiver by Shareholder in FGTPL March 27, 2026 – One 97 Communications Limited announced that its step-down subsidiary, First Games Technology Private Limited (FGTPL), has received approval from its shareholder, AGTech Media Holdings Limited (AGTech), to waive an outstanding loan.The loan waiver pertains to approximately ₹142 Crore, including accrued interest. FGTPL had previously discontinued its real money gaming business following regulatory changes. The Company had already fully impaired its investment and shareholder loan, therefore, this event has no adverse financial impact on One 97 Communications Limited.AGTech holds 45% equity shares of FGTPL. This transaction qualifies as a...

HealthCare Global Enterprises Limited Completes Rights Issue, Allotment of Equity Shares Approved HealthCare Global Enterprises Limited announced the allotment of 82,94,566 equity shares following the completion of its rights issue, which ran from March 11, 2026, to March 25, 2026. The decision was made at a meeting of the Rights Issue Committee held on March 27, 2026.The equity shares were allotted at a price of ₹512 per share, including a premium of ₹502 per share. The rights issue was offered to eligible equity shareholders as of the record date, March 2, 2026.As a result of the allotment, the company's paid-up equity share capital has increased from ₹141,00,76,370 comprising of 14,10,07,637 fully paid-up equity shares to...

Thermax Subsidiary Secures Boiler Package Order Worth Approximately Rs. 1600 Crore Thermax Limited announced that Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), a wholly-owned subsidiary, has secured a significant order. The contract, signed on March 27, 2026, is from M/s Anuppur Powerprojects Private Limited.The order entails the supply and supervision of installation and commissioning of a boiler package for a 1 × 800 MW ultra-supercritical thermal power plant located in Anuppur district, Madhya Pradesh, India. The scope of work includes design, engineering, manufacturing, supply, supervision of installation and commissioning, and conduct of performance guarantee tests.The value of the order is approximately Rs. 1600...

Adroit Infotech Limited Offers Final Opportunity for Payment of Outstanding Calls Adroit Infotech Limited announced that its Rights Issue Committee approved a final opportunity for shareholders to settle outstanding call monies related to a rights issue conducted in February 2024. The decision was made at a meeting held on March 27, 2026.A total of 30,91,222 shares have outstanding call money, amounting to INR 3,03,08,948. The breakdown of the outstanding amounts is detailed below:No of sharesAmountPremiumPaid only Appln money -(Rs.7.50 + Rs.3.75 premium) is due per share18999421,42,49,56571,24,783Paid upto first call -(Rs.5 + Rs.2.50 premium) is due per share119128059,56,40029,78,200T O T A...

Sun Pharma Partners Report Clinical Updates on Fibromun and Nidlegy Sun Pharmaceutical Industries Limited announced updates on Fibromun and Nidlegy, based on clinical data reported by its partner, Philogen, as part of Philogen’s financial results.Regarding Fibromun, the Phase II FLASH study in last-line soft tissue sarcoma did not meet its primary endpoint for Progression Free Survival (PFS), enrolling 94 patients randomized 1:1 to receive either Fibromun + dacarbazine or dacarbazine alone. Similarly, the Phase II GLIOSTAR clinical trial in 163 second-line glioblastoma patients also did not meet its primary endpoint. However, survival improvements were observed in GLIOSTAR among patients with limited exposure to alkylating agents...

Cigniti Technologies Merger with Coforge Awaits NCLT Pronouncement Cigniti Technologies Limited announced on March 28, 2026, that the National Company Law Tribunal (NCLT) has reserved its order for pronouncement regarding the proposed scheme of amalgamation with Coforge Limited. The decision follows proceedings initiated on March 27, 2026.The scheme involves the amalgamation of Cigniti Technologies Limited with and into Coforge Limited, impacting both companies' shareholders and creditors. The process is being carried out under sections 230 to 232 and other applicable provisions of the Companies Act, 2013.Statutory Authorities have indicated their no-objection to the scheme's sanction. Cigniti Technologies will provide updates to...

LIC Receives Income Tax Demand Order Mumbai – March 28, 2026 – Life Insurance Corporation of India (LIC) announced today that it has received a communication/demand order for Income Tax and Interest from the Income Tax Department. The order pertains to the financial year 2023-24.The total demand includes INR 85,76,81,60,095 for Income Tax and INR 17,54,45,02,265 for Interest. LIC intends to file an appeal before the Commissioner of Income Tax (Appeals).The demand arose from disallowances related to the addition of Interim Bonus as Income, addition of Negative Reserve as Income, and disallowance of Deduction u/s 80M.The financial impact of the demand is limited to the stated Income Tax and Interest amount. LIC stated that there is...

Coforge Limited Appoints Vivek Sharma as Independent Director Coforge Limited announced the appointment of Vivek Sharma as an Additional Director and Non-Executive Independent Director, effective April 1, 2026. The appointment was approved by the Board of Directors on March 27, 2026, following a recommendation from the Nomination and Remuneration Committee. Mr. Sharma’s term will extend for five years and is subject to shareholder approval.Mr. Sharma brings extensive experience in advising boards and executive teams on AI, data science, and digital transformation. He currently serves on the boards of Kaiser Permanente and JetBlue Airways (NASDAQ: JBLU). He is also an adjunct professor of data science at the University of Southern...

United Heat Transfer Limited Receives Purchase Order Worth Rs. 93,00,000 United Heat Transfer Limited announced the receipt of a purchase order from Gardner Denver Engineered Products India Private Limited. The order is for the manufacturing and supply of a Shell and Tube Heat Exchanger to be delivered at the company’s domestic plant.The total value of the order is approximately Rs. 93,00,000, excluding tax. The delivery date is scheduled for July 20, 2026. Payment terms for the order are Net 45 days.The order does not involve a related party transaction. A summary of the order details is presented below:ParticularsDescriptionEntity Awarding OrderGardner Denver Engineered Products India Private LimitedPayment TermsNet 45...