Markets

Shahlon Silk Industries Receives Show Cause Notice Regarding GST Penalty Shahlon Silk Industries Ltd. announced today that it has received a Show Cause Notice from the office of the Additional Commissioner, Surat Zonal Unit, Gujarat, GST Department. The notice, pertaining to financial years 2023-24 and 2024-25, was received on March 25, 2026.The notice was issued under Section 122 of the Central Goods and Services Tax (CGST) Act, 2017, and relates to an allegation of passing on ineligible Input Tax Credit (ITC). The proposed penalty amounts to Rs. 4,23,77,938 for the financial year 2023-24 and Rs. 1,26,66,464 for the financial year 2024-25, totaling Rs. 5,50,44,402.According to the company, the Show Cause Notice will not have an...

Rita Finance and Leasing Limited Approves Capital Increase and Preferential Warrant Issue Rita Finance and Leasing Limited announced on March 26, 2026, that its Board of Directors approved an increase of the authorized share capital from Rs. 10,00,00,000 to Rs. 16,00,00,000, subject to member approval. The board also decided to raise funds through the issuance of up to 60,00,000 warrants at a minimum price of Rs.20.00 per warrant, with a right to warrant holders to apply for and be allotted one equity share of Rs. 10 each within 18 months.The warrants will be issued to the following allottees:Sr. NoName of the AllotteeNo. of Convertible Warrants1Rajnikant C Shukla HUF7900002Sellwin Traders Limited7900003Hetalben Monilbhai...

Navin Fluorine International Ltd. Schedules Board Meeting, Trading Window Closure Navin Fluorine International Ltd. announced a board meeting scheduled for Wednesday, April 29, 2026, to review the Annual Audited Standalone and Consolidated Financial Results for the fiscal year ending March 31, 2026. The board will also consider and recommend a final dividend for the financial year 2025-2026.In accordance with regulatory guidelines, the trading window for securities of the company will be closed from March 31, 2026, to May 1, 2026, inclusive. This measure is in line with SEBI (Prohibition of Insider Trading) Regulations. The information is also available on the company’s website at www.nfil.in.Source:

City Union Bank Expands Branch Network with Two New Locations City Union Bank Limited announced the opening of two new branches on March 26, 2026, expanding its presence across India. The new branches are located in Tirupati, Andhra Pradesh, and Bhopal, Madhya Pradesh.The branch in Tirupati is situated at D. No. L9-L2-532, Plot No. 532, Bairagipatteda Main Road, Bairagipatteda. The Bhopal branch is located at Plot No. 337, Mandakini Colony, Kolar Road.With these additions, City Union Bank now operates a total of 937 branches nationwide.Here’s a summary of the new branch details:Sl. NoName of the BranchBranch No.CBS CodeAddress1Tirupati - Bairagipatteda93600941D. No. L9-L2-532, Plot No. 532, Bairagipatteda Main Road...

Synoptics Technologies Launches Comprehensive Cyber Security Services Mumbai, India - March 26, 2026 - Synoptics Technologies Limited announced the launch of a new portfolio of end-to-end Cyber Security Services, supported by a Global Cyber Defence Center (GCDC) and a 24x7 Security Operations Center (SOC). The offering aims to help enterprises design, implement, and operate robust cyber security frameworks.The portfolio includes Managed Security Services (MSS), Professional Security Services (PSS), and Governance, Risk & Compliance (GRC) solutions, designed to strengthen defenses against cyber threats and ensure regulatory compliance.“With the exponential rise in cyber threats and rapid digital adoption across industries, businesses...

Haleos Labs Ltd. Seeks Shareholder Approval via Postal Ballot for Material Related Party Transaction Haleos Labs Ltd. announced on March 26, 2026, that its Board of Directors has decided to seek shareholder consent for a resolution through a postal ballot process utilizing electronic means. The resolution concerns the approval of a material related-party transaction involving the issuance of a corporate guarantee in favor of RBL Bank, securing external corporate borrowings for Mahi Drugs Private Limited, a subsidiary of Haleos Labs Ltd.The company has appointed Central Depository Services (India) Ltd. as the authorized agency to provide a remote e-voting facility for shareholders. Mr. C. Sudhir Babu, a practicing Company Secretary...

Whirlpool of India Discloses Tax Dispute with Income Tax Department Whirlpool of India Limited announced details regarding a tax dispute with the Assessment unit of the Income Tax department, as of March 26, 2026.The company received a draft assessment order for the assessment year 2023-24, proposing a total disallowance of INR 28.39 crore. This disallowance includes INR 21.31 crore related to transfer pricing adjustments and INR 7.08 crore resulting from adjustments made by the Centralized Processing Centre under Section 43B.The total potential liability associated with this assessment order amounts to INR 7.14 crore, inclusive of interest and penalties to be determined at the time of the final order.According to Whirlpool of...

South Indian Bank Reaffirms Credit Ratings South Indian Bank Ltd. announced on March 26, 2026, that credit rating agency Infomerics Valuation and Rating Ltd. (formerly Infomerics Valuation and Rating Pvt. Ltd.) has reaffirmed and assigned ratings to the bank's issuer rating and fixed deposit program.The ratings were provided via an intimation dated March 26, 2026. South Indian Bank’s issuer rating remains at IVR AA/Stable (IVR Double A with Stable outlook). Infomerics has assigned a rating of IVR AA/Stable (IVR Double A with Stable outlook) to the bank’s fixed deposit program, amounting to ₹25,000.00 crore.The rating rationale is detailed in a document accessible at...

Oriental Trimex Limited Shareholders Approve Key Business Initiatives Oriental Trimex Limited announced today, March 26, 2026, that shareholders have approved several key initiatives at an Extraordinary General Meeting (EGM) held virtually. The meeting, chaired by Managing Director Rajesh Kumar Punia, commenced at 12:00 P.M. and concluded at 12:11 P.M.Shareholders approved an increase in the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013. Additionally, the company received authorization to increase its authorized share capital and amend its Memorandum of Association accordingly.The EGM also approved the raising of funds through the issuance of Foreign Currency Convertible Bonds (FCCBs). Shareholders...

ICICI Prudential Asset Management Company Limited Appoints New Director, Announces Resignation ICICI Prudential Asset Management Company Ltd. announced on March 26, 2026, that the Board of Directors approved the appointment of Mr. Rajeev Mittal as a Non-Executive (Additional) Director, effective March 31, 2026. The Board also accepted the resignation of Mr. Guillermo Eduardo Maldonado-Codina, effective March 30, 2026.Mr. Mittal is the Chief Executive Officer (CEO) and a member of the Board of Directors at Eastspring Investments Group, and serves on the Prudential Group Executive Committee (GEC). Prior to joining Eastspring in July 2025, he held leadership positions at Fidelity International and PineBridge Investments. He holds a...

Par Drugs and Chemicals Limited Receives Confirmatory Order from SEBI Regarding Slump Sale Par Drugs and Chemicals Limited announced on March 26, 2026, that it received a Confirmatory Order from the Securities and Exchange Board of India (SEBI) concerning a slump sale. The order, issued by Mr. Kamlesh Chandra Varshney, Whole Time Member of SEBI, confirms directions initially outlined in an Ex-Parte Interim Order dated September 15, 2025.According to the Confirmatory Order, the observations are tentative pending a detailed investigation. The investigation will be conducted independently of the interim and confirmatory orders. SEBI reserves the right to take further action based on the investigation's outcome.The company received the...

Accretion Nutraveda Ltd. Appoints Internal Auditor, Authorizes Key Managerial Personnel Accretion Nutraveda Ltd., formerly Accretion Nutraveda Private Limited, announced several key decisions following a board meeting held on March 26, 2026.The company appointed KMV & Co., Chartered Accountants (Firm Registration No. 139787W) as its Internal Auditor. The appointment is effective from the date of listing, February 4, 2026, and continues through the financial year ending March 31, 2026. KMV & Co. is based in Ahmedabad and provides audit, taxation, and outsourcing services.The board also authorized Key Managerial Personnel (KMPs) to determine the materiality of events and information, and to make disclosures to stock exchanges, as per...

Apeejay Surrendra Park Hotels Ltd. Reports Insider Trading Disclosure Kolkata – March 26, 2026 – Apeejay Surrendra Park Hotels Limited announced that it received a disclosure from Ms. Indrani Dasgupta Paul, a member of the Promoter Group and immediate relative of a Promoter, regarding the acquisition of equity shares.According to the filing, Ms. Paul acquired 9,380 equity shares, representing 0.00440% of the company’s paid-up equity share capital. The transaction occurred on March 24, 2026, and the total value of the acquisition was 994,561.4.Details of the Transaction The details of the transaction are summarized below:Name, PAN, CIN/DIN, & address with contact nos.Category of PersonType of SecuritiesNo. and % of Share...

ITC Limited Dissolves Step-Down Subsidiary, Blazeclan Americas Inc. ITC Limited announced the voluntary dissolution of its step-down subsidiary, Blazeclan Americas Inc., based in the USA, effective March 24, 2026. Confirmation of the dissolution was received on March 26, 2026.Blazeclan Americas Inc. reported a total income of 4.38 crore for the fiscal year 2024-25, representing 0.006% of ITC Limited’s total income for the same period. Its net worth as of March 31, 2025, was 0.63 crore, which accounted for 0.001% of ITC Limited's net worth on that date. The subsidiary became a step-down subsidiary of ITC Limited on October 1, 2024.Sl. No.ParticularsDetails1The amount and percentage of the turnover or revenue or income and net...

Jupiter Infomedia Receives Reclassification Requests from Promoter Group Jupiter Infomedia Limited announced on March 26, 2026, that it received requests from Mr. Umesh Vasantlal Modi, Mrs. Manisha Umesh Modi, Mrs. Kusumben Vasantlal Modi, and Ms. Aishwarya Umesh Modi, members of the Promoter and Promoter Group, seeking reclassification from the ‘Promoter/Promoter Group Category’ to the ‘Public Category’.The requests follow a Share Purchase Agreement dated April 9, 2025, between the aforementioned sellers and Arix Capital Limited and Mrs. Kajal Gopal Baldha, and an Open Offer. The Reclassification Applicants collectively held 70,87,500 fully paid-up equity shares, representing 70.73% of the equity and voting share capital.Pursuant...

Capital Small Finance Bank Ltd. Shareholders Approve Remuneration and Re-appointment Capital Small Finance Bank Ltd. announced today, March 26, 2026, that shareholders have approved resolutions related to director remuneration and re-appointment following a postal ballot.Shareholders approved the revision in the remuneration of Munish Jain, Whole Time Director designated as Executive Director, with effect from April 01, 2025. They also approved the re-appointment of Munish Jain as Whole - Time Director designated as Executive Director, effective August 28, 2026. Additionally, shareholders approved the payment of remuneration to Shahbaz Singh Samra, a Related Party holding an office or place of profit.The voting results, based on a...

Sujala Investments Discloses Share Acquisition in Rain Industries Rain Industries Limited announced that it received a disclosure from Sujala Investments Private Limited, a promoter group entity, regarding the acquisition of shares on March 25, 2026.Sujala Investments Private Limited acquired 53,300 equity shares, representing 0.0158%, of Rain Industries Limited from the open market on March 25, 2026. This acquisition increased Sujala Investments’ total shareholding to 37,976,174 equity shares, representing 11.29% of the company.According to a regulatory filing, the value of the transaction was Rs. 5870934. The trade was executed on the National Stock Exchange (NSE).Form C – SEBI (Prohibition of Insider Trading) Regulations, 2015...

NIIT MTS Named a Strategic Leader in the Fosway 9-Grid™ for Digital Learning, 2026 Atlanta, GA, March 26, 2026: NIIT Learning Systems Limited [NIIT Managed Training Services (NIIT MTS)] announced today that it has been named a Strategic Leader in the Fosway 9-Grid™ for Digital Learning for the fourth consecutive year.The Fosway 9-Grid™ for Digital Learning is a five-dimensional model used to assess solutions and providers, primarily within the EMEA market. The model considers performance, potential, market presence, total cost of ownership, and market trajectories.NIIT MTS’s position as a Strategic Leader reflects its strong market performance, customer advocacy, and comprehensive suite of AI-first managed learning services...

Everest Kanto Cylinder Limited Appoints Amitkumar C. Choksi as Head HR Mumbai, India – March 26, 2026 – Everest Kanto Cylinder Limited announced the appointment of Amitkumar C. Choksi as Head HR, effective March 26, 2026. The appointment was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Mr. Choksi brings over 25 years of experience in talent management, employee experience, performance management, and skill gap analysis. Prior to joining Everest Kanto Cylinder Limited, he held the position of Head HR & IR at R. N. Laboratories. His previous roles include tenures at Amul, Hindustan Unilever Limited, Kohler, Gujarat Fluorochemicals Limited, and Quaker Chemical.Mr. Choksi holds degrees...

The Bombay Burmah Trading Corporation Ltd. Announces Sale of Tea Plantations The Bombay Burmah Trading Corporation Limited announced on March 26, 2026, that its Board of Directors approved the sale of Tea Plantations (Dunsandle Estate) located in Village Sholur, Taluka Udhagamandalam, District Nilgiris, subject to approvals from relevant authorities.The board meeting commenced at 2:15 P.M. and concluded at 2:50 P.M.Financial Details of the DivisionAccording to the company, the division contributed Rs. 5.65 crore (2.05%) to the company’s turnover and Rs. 7.10 crore (3.76%) to its net worth during the last financial year.Transaction DetailsDefinitive agreements for the sale are expected to be executed at a later date. The...