Markets

Shriram Pistons & Rings Extends Asset Purchase Agreement with Sunbeam Lightweighting Solutions Shriram Pistons & Rings Limited (SPRL) has extended the long stop date for its Asset Purchase Agreement (APA) with Sunbeam Lightweighting Solutions Limited, a wholly-owned subsidiary of Craftsman Automation Limited. The extension, effective March 27, 2026, shifts the deadline from March 31, 2026, to June 30, 2026.The APA concerns the purchase of certain identified plant and machinery and related assets pertaining to Piston manufacturing from Sunbeam Lightweighting Solutions. Completion of the transaction will occur in multiple tranches. The closing formalities for the second tranche are now anticipated to be completed on or before June 30...

KEC International Upgraded to ‘A’ ESG Rating by MSCI KEC International Ltd. announced an upgrade to its Environmental, Social, and Governance (ESG) rating by MSCI ESG Ratings, moving from ‘BBB’ to ‘A’, effective March 23, 2026. The upgrade reflects the company’s performance in key ESG areas.According to MSCI ESG Ratings, the upgrade signifies improved sustainability practices and performance within KEC International. The rating assesses a company's resilience to environmental, social, and governance-related risks and opportunities.Source:

Subros Limited Receives Credit Rating Reaffirmation from ICRA Subros Limited announced on March 27, 2026, that ICRA Limited has reaffirmed and assigned credit ratings for its various banking facilities. The ratings reflect the company’s financial health and operational performance.ICRA has assigned an “[ICRA]AA (Stable)” rating to the company's term loans amounting to ₹40 crore. The short-term rating for non-fund based facilities is “[ICRA]A1+”. The ratings for the long-term and short-term fund-based limits are reaffirmed as “[ICRA]AA(Stable)/[ICRA]A1+”. The same ratings were reaffirmed for the long-term and short-term fund-based and non-fund-based limits, totaling ₹100 crore. Unallocated limits also received a rating of...

Park Medi World Limited Postpones Launch of Panchkula Hospital to April 10, 2026 Park Medi World Limited announced a revised launch date for its Panchkula hospital. The launch, initially scheduled for March 29, 2026, will now take place on April 10, 2026. This update follows an earlier communication dated March 10, 2026, which initially announced the March 29th launch.The delay was disclosed by Company Secretary & Compliance Officer Abhishek Kapoor. The company is listed on the National Stock Exchange of India Limited under the symbol PARKHOSPS and on the BSE Limited under the Scrip Code 544645.Source:

Ceigall India Limited Receives Rs 603-Crore Highway Construction Contract from NHAI Ceigall India Limited announced that Ceigall Infra Projects Private Limited (CIPPL), a wholly owned subsidiary, has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI). The award is for the construction of a 6-lane access-controlled spur road in Punjab, valued at Rs 603.00 crore.The project involves developing a 10.300 km stretch connecting the Ambala-Chandigarh section of NH-205A and the Zirakpur Bypass. Construction will be executed under a Hybrid Annuity Mode (HAM) and includes an 18-month construction period followed by a 15-year Operation & Maintenance (O&M) period.According to Ramneek Sehgal, Chairman &...

Kaushalya Logistics Limited Appoints ARSJ & Associates as Internal Auditor Kaushalya Logistics Limited announced the appointment of M/s ARSJ & Associates, Chartered Accountants, as the company’s Internal Auditors for the financial year 2025-26. The decision was approved by the Board of Directors at a meeting held on March 27, 2026, following a recommendation from the Audit Committee.M/s ARSJ & Associates (Firm Registration No. 021751C) will undertake the Internal Audit of the company. Mr. Abhinav Rastogi, a Practising Chartered Accountant with experience in internal audit, bank audit, finance and tax, will lead the audit. Mr. Rastogi is not related to any director of Kaushalya Logistics Limited.The appointment is for the financial...

Schneider Electric Infrastructure Limited Revises Investment in Vadodara Plant Expansion Schneider Electric Infrastructure Limited announced a revision to its investment plan for expanding the capacity of its Switchgears facility in Vadodara. The company’s Board of Directors approved an increase in the investment from INR 110.2 Crores to INR 156.4 Crores. The additional capital will be used for enhancing shopfloor infrastructure and civil and structural works to support future scalability.The Board meeting took place on Friday, March 27, 2026, commencing at 3:00 p.m. (IST) and concluding at 3:38 p.m. (IST).Further details regarding the investment are available on the company's website at https://infrain.se.com/en/index.jsp.Source:

Cochin Shipyard Limited Faces Fine for Board Composition Non-Compliance Cochin Shipyard Limited (CSL) has been fined a total of Rs. 9,77,040 by the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE), representing Rs. 450,140 each plus Goods and Services Tax at 18%. The penalties stem from non-compliance with Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations.The non-compliance relates to Regulation 17(1), concerning the composition of the Board of Directors – specifically, a lack of sufficient independent directors – as well as Regulations 18 and 19, pertaining to the constitution of the Audit Committee and Nomination and Remuneration...

Modern Threads (India) Ltd. Re-appoints Auditors Modern Threads (India) Ltd. announced the re-appointment of S.S. Surana & Co., Chartered Accountants, Jaipur, as the company’s Tax Auditor for the financial year 2025-26. The decision was made at a board meeting held on March 27, 2026. S.S. Surana & Co. holds Firm Registration No. 001079C and has over 44 years of experience in accounting and tax services.Additionally, the board re-appointed Mr. Naveen Kumar Vijayvargiya as the company’s Internal Auditor for the financial year 2026-27, effective March 27, 2026. Mr. Vijayvargiya is a Chartered Accountant (Inter) with experience in accounting, taxation, internal audit, and corporate laws.Details of S.S. Surana & Co.:ParticularsBrief...

VMS TMT Ltd. Announces Resignation of Company Secretary and Compliance Officer VMS TMT Ltd. announced the resignation of Mr. Vijay Amrabhai Boliya from the position of Whole Time Company Secretary and Compliance Officer, effective March 31, 2026. Mr. Boliya’s resignation is attributed to personal and unavoidable circumstances. He confirmed that there are no other material reasons for his departure.The company’s Director, Mr. Manojkumar Jain, has accepted Mr. Boliya’s resignation and will complete the necessary formalities.Details regarding the resignation are as follows:ParticularsDetailsReason for changeMr. Vijay Boliya (ACS-68332) resigned from the position of Whole-Time Company Secretary and Compliance Officer with effect...

JNK India Limited Receives Major Order from JNK Global Co., Ltd. JNK India Limited announced on March 27, 2026, that it has received a major order from JNK Global Co., Ltd., Korea ('JNK Global'). The order is for providing support services and supplies related to the Cracker Furnace Package of a refinery project in India.JNK Global, a promoter of JNK India Limited, awarded the order, which will be executed in India. The project delivery schedule is February 2, 2028. The order falls within related party transactions and is being conducted at arm’s length.According to company classifications, a "Major" order falls within the range of ₹300 to ₹600 crore.Project ClassificationClassificationValue in ₹ CrSignificant0 - 100...

Allcargo Logistics Appoints Senior Management Team Allcargo Logistics Ltd announced appointments to its senior management team on March 27, 2026. Sumit Banerjee, Amit Chhari, and Ashutosh Mishra have joined the company in key leadership roles.Sumit Banerjee joined on March 6, 2026, and has been designated Vice President - Zonal Head (East) - Express, effective March 27, 2026. Banerjee brings over 21 years of experience in supply chain and logistics, including roles at PwC India, Flipkart, Amazon India, Hilti India, and Bizongo. He holds an M.Com from Burdwan University and a B.Com from Calcutta University.Amit Chhari joined on March 10, 2026, and will serve as Chief of Operations - Express, effective March 27, 2026. Prior to joining...

Rungta Irrigation Ltd. Board Approves Increase in Authorized Share Capital Rungta Irrigation Ltd. announced Friday, March 27, 2026, that its Board of Directors approved a plan to increase the company’s authorized share capital. The increase will raise the authorized capital from Rs. 20,00,00,000, divided into 2,00,00,000 equity shares, to Rs. 40,00,00,000, divided into 4,00,00,000 equity shares. The face value of each share will remain Rs. 10.The board approved a postal ballot notice to seek shareholder approval for the capital increase and consequential amendment to the memorandum of association. Ishant & Associates, a practicing Company Secretary, has been appointed as the scrutinizer for the postal ballot process.A cut-off date...

Affle 3i Ltd. Engages in Investor Meetings Affle 3i Ltd. announced it participated in a series of investor meetings on March 27, 2026. The company met with Sundaram Mutual Fund in person and held calls with Bay Capital and Quantum AMC. According to the company, no unpublished price sensitive information was shared during these interactions.InvestorMeeting TypeDate of MeetingSundaram Mutual FundIn-personMarch 27, 2026Bay CapitalCallMarch 27, 2026Quantum AMCCallMarch 27, 2026Source:

Mayank Cattle Food Ltd. Appoints Secretarial Auditor Mayank Cattle Food Ltd. announced the appointment of M/s. Ishali Desai & Associates as its Secretarial Auditor for the Financial Year 2025-26. The decision, approved by the Board on the recommendation of the Audit Committee, was made at a meeting held on March 27, 2026.M/s. Ishali Desai & Associates, a Peer Reviewed firm of Company Secretaries, specializes in corporate law and related services. Their expertise includes corporate secretarial services, secretarial audits, and compliance related to fund raises.The appointment is effective March 27, 2026, and covers the financial year 2025-26.Details of the AppointmentParticularDetailsName of the Secretarial AuditorM/s...

JSW Steel Completes Transfer of Bhushan Power and Steel’s Steel Business to Subsidiary, Initiates Joint Venture with JFE Steel JSW Steel Limited announced the completion of the transfer of the steel business undertaking of Bhushan Power and Steel Limited (BPSL) to its subsidiary, JSW Sambalpur Steel Limited. The transfer was executed as a slump sale on a going concern basis.The move follows the company’s December 2025 announcement regarding the transfer and a strategic joint venture partnership with JFE Steel Corporation Japan (JFE) for the BPSL steel business undertaking. The joint venture is structured as a 50:50 partnership.The transaction builds on a December 3, 2025, board decision approving both the transfer and the joint...

Ramkrishna Forgings Limited Appoints New Independent Director Ramkrishna Forgings Limited announced that its board of directors has recommended the appointment of Mr. Chetan Rameshchandra Desai as a Non-Executive, Independent Director. The appointment is subject to shareholder approval and is scheduled to be effective April 29, 2026, for a consecutive term of five years.Mr. Desai, aged 75, holds DIN 03595319. He possesses extensive experience in corporate governance, regulatory compliance, and corporate law, spanning approximately 50 years. Previously, he was a Managing Partner at M/s. Haribhakti & Co. LLP, a leading accounting and strategic consulting firm in India.The company will seek shareholder approval for the appointment...

Onelife Capital Advisors Limited Board Approves Loans and Investment Mumbai – March 27, 2026 – Onelife Capital Advisors Limited announced today that its Board of Directors approved several loan disbursements and an investment during a meeting held on March 27, 2026.The Board approved a loan of Rs. 1,50,00,000 to Mr. JayKishor Chatuvedi, alongside a loan of up to Rs. 5,50,00,000 to Abhidev Consultancy Services Private Limited, carrying an interest rate of 12% per annum. Additional loan approvals included up to Rs. 2,00,00,000 to Jeevan Jyoti Vanijya Limited and Gandhi Nagar Leasing and Finance Limited, as well as Rs. 1,50,00,000 to Gandhi Nagar Leasing and Finance.Furthermore, the Board authorized an investment of up to Rs...

Venmax Drugs and Pharmaceuticals Ltd. Approves Amendment to Share Capital Clause in Amalgamation Scheme Venmax Drugs and Pharmaceuticals Limited announced an amendment to the share capital clause (Para 2.2) within the draft scheme of amalgamation concerning Hatri Pharma Private Limited (Transferor Company). The decision was made during a Board of Directors meeting held on March 27, 2026.The Board Meeting commenced at 2:30 p.m. and concluded at 3:30 p.m.The modified draft scheme of amalgamation, incorporating the changes to the share capital structure, is now attached.Share Capital DetailsThe following table details the share capital information:Disclosure of InformationDisclosure of InformationDisclosure of...

Affordable Robotic & Automation Limited Revises Valuation Report for Preferential Issue Affordable Robotic & Automation Limited (ARAPL) announced revisions to the Valuation Report concerning a proposed preferential issue of up to 6,04,839 equity shares to a non-promoter entity. The revisions were made following observations from the Stock Exchanges regarding an in-principle approval application.The company confirmed that the fair value of the equity shares remains unchanged despite the revisions to the Valuation Report. The revised report, along with details of the changes, is available on the company’s website at https://arapl.co.in/investor-relations#Announcement (under the 'Preferential Issue' section).ARAPL stated that the funds...