Markets

Network18 Appoints Raj Kumar Jain as Independent Director Network18 Media & Investments Limited announced the appointment of Raj Kumar Jain as an Additional Director designated as Independent Director, effective March 25, 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. Mr. Jain’s term will be for a period of five consecutive years, extending up to March 24, 2031, pending approval from the company’s members.Mr. Raj Kumar Jain, aged 67, holds an engineering degree from Delhi College of Engineering and an MBA from Kellogg School of Business. He brings extensive experience as a veteran corporate professional and entrepreneur. Prior to founding Bounce...

Nirmitee Robotics India Ltd. Announces Changes to Board of Directors Nirmitee Robotics India Limited announced changes to its board of directors on March 25, 2026. The company’s board accepted the resignation of Mr. Rajesh Narendra Admane, effective March 25, 2026, at the end of business hours. The resignation was due to Mr. Admane's inability to devote sufficient time and attention to the company’s affairs.The board also approved the appointment of Mr. Rahul Kartik Shende as an additional non-executive director, effective March 26, 2026. Mr. Shende holds a Master of Business Administration (MBA) with a specialization in Marketing and possesses expertise in strategic marketing, brand management, and business development. He is...

ICICI Bank Schedules Investor Meeting ICICI Bank Limited announced a schedule of investor meetings on March 25, 2026. The bank will be holding a virtual meeting with CLSA's investor group on March 30, 2026. Discussions will be based on publicly available documents.Investor Meeting ScheduleSr. No.Event NameDateTypeMode1CLSA: Investor Group callMarch 30, 2026GroupVirtualSource:

B-Right Realestate Ltd. Issues Corporate Guarantee for Subsidiary Loan B-Right Realestate Limited announced on March 25, 2026, that it is issuing a corporate guarantee of 45 Crore Rupees to secure a Construction Finance Loan being availed by Siddhivinayak Developers Kurar, a step-down subsidiary. The loan is being provided by Capri Global Capital Limited.According to information released, Siddhivinayak Developers Kurar has secured a loan facility of 45,00,00,000 Rupees from Capri Global Capital Limited. The guarantee provided by B-Right Realestate Limited supports this loan.The transaction does not involve any interest from promoters, promoter groups, or group companies, and is being conducted at arm's length. B-Right Realestate...

Tata Steel Receives Stay on GST Proceedings from Jharkhand High Court Tata Steel Limited announced on March 25, 2026, that the Hon'ble High Court of Jharkhand has granted a stay on further proceedings related to a Goods and Services Tax (GST) matter. This follows a show cause cum demand notice received by the company on June 27, 2025, from the Office of the Commissioner (Audit), Central Tax, Ranchi.The initial notice proposed a disallowance of Input Tax Credit for the period FY2018-19 through FY2022-23, potentially impacting a GST amount of ₹1007,54,83,342. As of the date of the notice, the company had already paid ₹514,19,36,211, reducing the alleged GST exposure to ₹493,35,47,131.Subsequently, an Adjudication Order issued on...

Garware Hi-Tech Films Ltd. Appoints Whole Time Director Garware Hi-Tech Films Limited announced the appointment of Mr. Uday Vasantrao Joshi (DIN: 09753984) as a Whole Time Director, effective March 24, 2026. The decision was reached during a remote e-voting session held on March 24, 2026, following a Postal Ballot initiated on February 20, 2026.According to a report by Scrutinizer, CS Mannish L. Ghia of M/s. Manish Ghia & Associates, the special resolution appointing Mr. Joshi was passed by members with a requisite majority.A summary of the voting results is presented below:Resolution No. 1: Appointment of Mr. Uday Vasantrao JoshiCategoryMode of VotingNumber of Valid Votes Cast in Favour% of Total Valid Votes Cast in...

Le Travenues Technology Limited Receives Income Tax Assessment Order Le Travenues Technology Limited (IXIGO) announced receipt of an Income Tax Assessment Order dated March 24, 2026, for the Assessment Year 2024-25. The order was received from the Income Tax Department, Ministry of Finance, Government of India.According to the order, expenses of Rs. 1,01,50,336 have been disallowed and a tax demand of Rs. 45,49,685 has been issued. Additionally, Rs. 7,52,05,398 pertaining to tax on Buy Back of Shares under Section 115QA was included in the Demand Notice, despite already being paid.The company believes the Assessment Order contains errors and intends to file an appeal with the appropriate authorities to contest the order. The company...

Jaro Institute of Technology Management and Research Limited Allots 2,352 Equity Shares Under Employee Stock Option Plan Jaro Institute of Technology Management and Research Limited announced the allotment of 2,352 equity shares on March 25, 2026, under the Jaro Education Employees Stock Option Plan 2022. The shares were allotted to eligible employees following the exercise of stock options.The company’s Board of Directors approved the allotment, which comprises shares with a face value of ₹ 10 each, fully paid up.The allotment follows a resolution passed by the Board on March 25, 2026.Details of the Share AllotmentType of securities issuedEquity Shares of the face value of Re.10/- eachType of IssueESOP AllotmentTotal...

NHPC Limited Board Approves Borrowing Plan of Up to ₹8,000 Crore NHPC Limited announced on March 25, 2026, that its Board of Directors has approved a borrowing plan to raise debt of up to ₹8,000 crore during fiscal year 2026-27. The borrowing is intended to be secured or unsecured, redeemable, taxable, non-cumulative, and non-convertible corporate bonds, issued in one or more series or tranches on a private placement basis. The plan also includes the potential for raising term loans and External Commercial Borrowings (ECB) in suitable tranches. The Board meeting commenced at 5:15 P.M. and concluded at 6:45 P.M.Source:

Rashi Peripherals Ltd. Schedules Postal Ballot and E-Voting Rashi Peripherals Ltd. announced on March 25, 2026, that it will conduct a postal ballot and e-voting to approve the appointment of Mr. Rajesh Goenka as Whole-Time Director and Chief Executive Officer (CEO) and the appointment of Dr. Indumati Gopinathan as an Independent Director.The resolutions will be considered by members through remote e-voting, commencing on Thursday, March 26, 2026, at 9:00 A.M. (IST) and ending on Friday, April 24, 2026, at 5:00 P.M. (IST).Key Appointments and Remuneration Details:ParticularsAppointment of Mr. Rajesh Goenka (DIN: 10985108) as Whole-Time Director and CEO for a term of five consecutive years w.e.f. February 3, 2026, up to...

Fredun Pharmaceuticals Holds Meetings with Analysts and Investors Fredun Pharmaceuticals Limited announced that it hosted a series of meetings with analysts and institutional investors on March 25, 2026. The meetings, conducted via Zoom, involved discussions about the company's business operations, industry outlook, and growth strategy.A total of 38 meetings were held between 12:00 PM and 12:40 PM, with participants from Cognizant Capital, A.J. Capital, Allbridge Capital, Dhyana Capital, Helios Capital, Global Business, Tiger Assets, Fyers Assets, Kanakala Capital, PI Square Investments, 9 Rays EquiReseach, Lorvet Consultancy, Samdareeya Capital Ventures, SmartSync Services, Navrathan &Co., Vijit Growth Fund, Ninedot Ventures, 4A...

A. K. Capital Services Ltd. Allots Commercial Papers Worth INR 50 Million A. K. Capital Services Limited announced the allotment of 100 commercial papers (CPs) by its Banking and Investment Committee on Wednesday, March 25, 2026. The total value of the CPs issued is INR 50,00,00,000 (Indian Rupees Five Crores).The details of the commercial paper issuance are as follows:Description of the InstrumentDetailsListing ExchangeBSE LimitedIssue DateMarch 24, 2026Allotment DateMarch 25, 2026Redemption DateOctober 15, 2026Discount Rate (Annualized)9.00%Face Value per CP (INR)5,00,000/-Issue Price per CP (INR)4,76,054/-ISININE701G14379Redemption Value (INR)5,00,00,000/-Issuing and Paying Agent (IPA)The Federal...

Regency Fincorp Ltd. Appoints Director, Notes Resignation, and Plans Debenture Issuance Regency Fincorp Limited announced several key decisions made by its Board of Directors during a meeting held on March 25, 2026.The company appointed Sanjay Mittal (DIN: 11548754) as an Additional Non-Executive Independent Director. Dr. Mittal, a seasoned banking and financial services professional with nearly three decades of experience, holds a Ph.D. in Business Administration and an MBA in Finance. He will hold office up to the date of the ensuing general meeting.The Board also acknowledged the resignation of Saloni Shrivastav (DIN: 07746707) from her position as Non-Executive Independent Director, effective March 25, 2026.Furthermore, the...

Garware Hi-Tech Films Limited Appoints Whole-Time Director Garware Hi-Tech Films Limited announced the appointment of Mr. Uday Vasantrao Joshi as a Whole-Time Director, effective February 1, 2026. The appointment was approved by shareholders through a special resolution passed on March 24, 2026, via postal ballot and e-voting. Mr. Joshi’s term will span three years, concluding on January 31, 2029, and he is subject to retirement by rotation.Mr. Joshi brings approximately 35 years of experience in the BOPET film manufacturing industry, encompassing project management, manufacturing processes, quality control, technical services, and resource management. He holds a Bachelor of Engineering in Production from VJTI Mumbai and a...

Aegis Logistics Receives Credit Rating Reaffirmation from CARE Ratings Aegis Logistics Limited announced on March 25, 2026, that CARE Ratings Limited has reaffirmed its credit ratings for the company's bank facilities.CARE Ratings reaffirmed the long-term bank facilities with a rating of CARE AA; Stable and the short-term bank facilities with a rating of CARE A1+.The ratings are detailed in the following table:FacilitiesRatingRating ActionLong-term Bank FacilitiesCARE AA; StableReaffirmedShort-term Bank FacilitiesCARE A1+ReaffirmedThe communication regarding the reaffirmed ratings is also accessible on the company’s website at www.aegisindia.com.Source:

3i Infotech Subsidiary Receives Final Order Under Vivad Se Vishwas Scheme 3i Infotech Limited announced that its material subsidiary, 3i Infotech Digital BPS Limited, formerly known as 3i Infotech BPO Limited, has received a final order in Form 4 for the financial year 2013-14. The order, received from the CIT TDS 2, Delhi on March 23, 2026, confirms the status of the revised form 2 issued on November 26, 2025, regarding the company's participation in the Direct Tax Vivad Se Vishwas Scheme, 2024. The event occurred on March 24, 2026, at 5:03 p.m. Further details are available on the company's website at www.3i-infotech.com.Source:

Max India Subsidiary Receives Tax Demand of Rs. 31.53 Crore Max India Limited announced that its step-down wholly-owned subsidiary, Antara Purukul Senior Living Limited, has received an assessment order under Section 143(3) of the Income Tax Act, 1961, for the assessment year 2024-25. The order raises a tax demand of Rs. 31.53 crore.According to a communication received by the subsidiary on March 24, 2026, from the Assessment Unit of the Income Tax Department, the tax demand pertains to assessment year 2024-25. Antara Purukul Senior Living Limited plans to file a rectification petition addressing apparent mistakes in the assessment and subsequently appeal the additions made in the assessment order before the relevant appellate...

IIFL Finance Receives Credit Rating Reaffirmations from CRISIL IIFL Finance Ltd. announced on March 25, 2026, that CRISIL Ratings Limited has assigned a CRISIL AA/Stable rating for Non-Convertible Debentures totaling Rs. 2,000 Crore. CRISIL reaffirmed its rating of CRISIL AA/Stable for bank loan facilities amounting to Rs. 9,500 Crore and Non-Convertible Debentures totaling Rs. 10,531.53 Crore. The agency also reaffirmed CRISIL PPMLD AA/Stable for Long Term Principal Protected Market Linked Debentures, CRISIL AA-/Stable for Perpetual Bonds, and CRISIL A1+ for Commercial Paper of IIFL Finance Ltd.Detailed information regarding the ratings is available on the CRISIL website...

IRB InvIT Fund Discloses Promoter Acquisition of Units IRB InvIT Fund announced that Virendra D. Mhaiskar, Promoter, Chairman & Managing Director of the Sponsor, acquired additional units of the Trust. The disclosure was made in compliance with Regulation 7(2)(b) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.According to the filing, Mr. Mhaiskar acquired units on March 23, 24, and 25, 2026, totaling 5,22,000 units with a value of Rs. 3,02,95,732, Rs. 3,05,83,145, and Rs. 3,09,17,642 respectively.Following these acquisitions, Mr. Mhaiskar’s total holdings in the Trust increased to 1,38,06,000 units, representing 1.08% of the Trust.The table below summarizes the details of the...

Available Finance Limited Announces Change in Relationship with Archana Coal Private Limited Available Finance Limited announced on March 25, 2026, a change in its relationship with Archana Coal Private Limited (ACPL). ACPL has sold 8.00% of its equity shareholding in Available Finance Limited.Consequently, ACPL’s shareholding in Available Finance Limited has decreased, resulting in the company no longer being considered a subsidiary of ACPL. Instead, Available Finance Limited is now classified as an associate of ACPL, aligning with the provisions of Section 2(6) of the Companies Act, 2013. Available Finance Limited is listed on the BSE under code 531310.Source: