Markets

Shriram Finance Receives CCI Approval for MUFG Bank Investment Shriram Finance Limited announced on March 25, 2026, that MUFG Bank Ltd. has received approval from the Competition Commission of India (CCI) regarding its proposed investment in Shriram Finance Limited.The approval pertains to the previously announced plan for Shriram Finance to issue 47,112,105 Equity Shares to MUFG Bank Ltd. through a preferential issue on a private placement basis. This transaction was initially disclosed on December 19, 2025, with subsequent updates provided on January 14, 2026, February 03, 2026, and February 13, 2026.The Investment Agreement, dated December 19, 2025, outlines conditions precedent that must be met for the transaction to be...

GRE Renew Enertech Ltd. Receives EPC Order Worth ₹1295.3 Million GRE Renew Enertech Ltd. announced today, March 25, 2026, that it has received an order from Ajita Sil-Chem Private Limited for the execution of an EPC contract. The contract involves the development of a 4032 kW (DC) / 3000 kW (AC) grid-connected captive ground-mounted solar power plant on a turnkey basis.The value of the order is ₹ 12,95,30,016 (Rupees Twelve Crores Ninety-Five Lakhs Thirty Thousand Sixteen only), inclusive of applicable taxes. The project is expected to be completed within approximately 6 months, according to the agreed project schedule.According to company disclosures, the order is considered routine and aligns with GRE Renew Enertech’s existing EPC...

RailTel Secures Major Order from State Crime Records Bureau RailTel Corporation of India Limited announced on March 25, 2026, that it has received a work order from the State Crime Records Bureau, Bhopal. The order involves the System Integration, Supply, and Commissioning (SITC) of a Software Defined Wide Area Network (SDWAN) along with support services for a period of three years.The project is categorized as a domestic order. The completion timeline for the work is set for March 24, 2029. The total value of the order, inclusive of taxes, is Rs. 29,48,75,480.According to the work order, no promoter, promoter group, or group companies have any interest in the State Crime Records Bureau, Bhopal. The order does not constitute a...

Srinidhi Inani Intimates Acquisition of Dhanalaxmi Roto Spinners Shares Dhanalaxmi Roto Spinners Limited received intimations regarding changes in securities holdings from Srinidhi Inani, a Promoter Equity Group member, according to a filing on March 25, 2026. The information was submitted in accordance with Regulation 7(2) and 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.Srinidhi Inani acquired shares on February 18, 2026, and the intimation was received on March 23, 2026. The acquisition occurred through market and off-market transactions.Here's a summary of the shareholding changes:DetailValueNameSrinidhi InaniPANCCVPM4059ACategoryPromoter Equity GroupSecurities held prior to...

Welspun Corp Limited Completes Acquisition of Stake in Welspun Corporate Services Limited Welspun Corp Limited has completed the acquisition of a 45% stake in Welspun Corporate Services Limited (formerly known as Welspun Home Textiles Limited). The acquisition, finalized on March 25, 2026, involved the purchase of 4,500 equity shares, each with a face value of Rs. 10, for a total consideration of Rs. 45,000.As a result of this acquisition, Welspun Corporate Services Limited has become an associate of Welspun Corp Limited. The move follows a prior disclosure made on March 19, 2026, regarding the intended acquisition.Source:

Swan Corp Limited Appoints Additional Director and Announces Shareholder Vote Swan Corp Limited announced the appointment of Mr. Ashish Chhabria as an Additional Independent Director on March 25, 2026. Mr. Chhabria, with a DIN of 11564611, brings over 35 years of industry experience and is considered an eminent businessman of repute. His appointment is effective from March 25, 2026, and is for a period of five years, until March 24, 2031, pending shareholder approval. Mr. Chhabria is not related to any existing directors of the company. The company confirmed that Mr. Chhabria is not debarred from holding office by any regulatory authority.Furthermore, Swan Corp Limited will circulate a Postal Ballot Notice to shareholders seeking...

Ashwini Container Movers Limited Appoints Key Personnel and Auditors Ashwini Container Movers Limited announced several key appointments and auditor designations following a board meeting held on March 25, 2026.The Board of Directors approved the appointment of M/s. A. R. Gupta & Co, Company Secretaries, as the Secretarial Auditor for the Financial Year 2025-26. Additionally, M/S B.A. SHAH & CO., Chartered Accountants, was appointed as the Internal Auditor for the same financial year.Ms. Bhagyashree Navale has been appointed as the Company Secretary and Compliance Officer, effective April 1, 2026. She will also serve as a Key Managerial Personnel and Senior Managerial Personnel. Ms. Navale holds a Bachelor of Commerce degree and is...

Marathon Nextgen Realty Limited Discloses Promoter Group Share Acquisition Marathon Nextgen Realty Limited announced that Mrs. Ansuya Ramniklal Shah, a member of the Promoter Group, has acquired equity shares in the company. The disclosure was made in compliance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015.According to the filing, Mrs. Shah acquired 26,623 equity shares on March 13, 2026, valued at ₹10,239,205.8. Subsequent acquisitions on March 16, 2026, involved 20,010 shares for ₹7,637,416.8, followed by 15,000 shares on March 17, 2026, valued at ₹5,876,700. Further purchases included 5,000 shares on March 19, 2026, costing ₹2,062,050, and 25,000 shares on March 20, 2026...

UltraTech Cement Receives Order from GST Authority UltraTech Cement Limited announced on March 25, 2026, that it received an order from the Deputy Commissioner, State Goods and Services Tax, Maharashtra.The order confirms a tax demand of Rs. 28,96,92,293, along with interest of Rs. 15,00,05,050 and a penalty of Rs. 2,89,69,229. The order relates to the acquired cement business of Kesoram Industries Limited and involves allegations of excess Input Tax Credit (ITC) availment, ineligible ITC claimed, and short payment of tax liability for the financial year 2022-23.According to the company, it will contest the demand and does not anticipate a material financial impact as a result of the order. The order was received on March 24, 2026...

Adani Enterprises Attributes Share Volume Movement to Market Conditions Adani Enterprises Ltd. stated that fluctuations in share price and trading volume are solely attributable to prevailing market conditions. The company reported that its management has no insight into the factors driving the observed share volume movement.The statement followed a communication from the BSE Limited on March 25, 2026, regarding the volume movement of the company's scrip (512599).Adani Enterprises affirmed its commitment to ongoing disclosures in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and its agreements with stock exchanges.Jatin Jalundhwala, Company Secretary & Joint President (Legal), conveyed...

Deepak Nitrite Faces Order Regarding Input Tax Credit Deepak Nitrite Limited announced on March 25, 2026, that the Assistant Commissioner of State Tax, Unit-40, Vadodara, Gujarat, has passed an order related to the company.The order, received on March 25, 2026, concerns a demand for ineligible Input Tax Credit (ITC) for the Financial Year 2019-20 under the Gujarat Goods and Service Tax Act, 2017.The details of the order are as follows:DetailInformationAuthorityAssistant Commissioner of State Tax, Unit-40 Vadodara, GujaratOrder DetailsRecovery of: Tax amount of ₹ 19,14,506/- (CGST+SGST); Interest amount of ₹ 22,17,784/- (CGST+SGST); Penalty of ₹ 19,14,506/- (CGST+SGST)Date of OrderMarch 25, 2026Reason for OrderDemand...

Uravi Defence and Technology Subsidiary Acquires Stake in Spafax International Uravi Defence and Technology Ltd announced that its wholly owned subsidiary, Bharat Technology Limited, has acquired 10,100 equity shares of Spafax International Holdings Limited. This acquisition represents 10% of the share capital of Spafax. The transaction was previously disclosed on February 20, 2026.The acquisition was reported to the National Stock Exchange of India Limited (NSE Symbol: URAVIDEF) and the Bombay Stock Exchange Limited (Scrip Code: 543930).The announcement was made by Kaushik Damji Gada, Whole-time Director & CFO of Uravi Defence and Technology Limited, in a communication from Mumbai on March 25, 2026.Source:

Cholamandalam Investment and Finance Company Awards Construction Contract Worth Rs. 540 Crores Cholamandalam Investment and Finance Company Ltd. has awarded a works contract for the construction of its corporate office building located at 18 & 18/1, Velachery Main Road, Guindy, Chennai. The contract, valued at Rs. 540 crores, was awarded to M/s. Kalpataru Projects International Limited.The construction project is slated for completion within 33 months. The contract is with a domestic entity, and does not involve any related party interests or transactions at arm’s length.Below is a summary of the contract details:DetailInformationEntity Awarded ContractM/s. Kalpataru Projects International LimitedEntity TypeDomestic...

Deepak Nitrite Receives Order Regarding Goods and Services Tax Assessment Deepak Nitrite Limited announced on March 25, 2026, that the Assistant Commissioner of State Tax in Vadodara, Gujarat, issued an order dated March 7, 2026, under the Gujarat Goods and Service Tax Act, 2017.The order pertains to a demand for ineligible Input Tax Credit (ITC) for the financial year 2019-20. The order mandates the recovery of ₹19,14,506 in tax (CGST+SGST), ₹22,17,784 in interest (CGST+SGST), and a penalty of ₹19,14,506 (CGST+SGST). The company maintains that the ITC was availed in compliance with applicable laws.According to the company, the total financial impact will be limited to the amounts specified in the order, and there will be no other...

Orient Cement Designates Key Personnel for Disclosure Decisions Orient Cement Limited announced on March 25, 2026, the designation of key managerial personnel (KMPs) authorized to determine the materiality of events and information and to make disclosures to stock exchanges, effective April 7, 2026.The appointed KMPs and their contact details are as follows:Name & Designation of KMPPostal AddressContact DetailsMr. Vaibhav Dixit, Wholetime Director & Chief Executive OfficerAdani Corporate House, Shantigram, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujaratvaibhav.dixit@adani.com 079- 2656 5555Mr. Kajal Sarda, Chief Financial OfficerAdani Corporate House, Shantigram, S. G. Highway, Khodiyar, Ahmedabad - 382421...

Semac Construction Ltd. Responds to Price and Volume Inquiries Semac Construction Ltd. clarified on March 25, 2026, that it has not withheld any material information that would necessitate disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The clarification follows an email dated March 19, 2026, from the BSE Limited and the National Stock Exchange.The company stated that the increase in the price and volume of its scrip is attributable to market conditions and is market driven. Management affirmed they are not connected to the fluctuations in the scrip's price or volume.Semac Construction Ltd. is headquartered in Coimbatore and has offices in Gurugram, Bengaluru, Navi...

Shreeji Shipping Global Limited Incorporates Subsidiary, Shreeji Tisha Maritime Private Limited Shreeji Shipping Global Limited announced the incorporation of a new subsidiary, Shreeji Tisha Maritime Private Limited, on March 25, 2026. The subsidiary’s Corporate Identification Number (CIN) is U69100GJ2026PTC175627.Shreeji Tisha Maritime Private Limited will be engaged in activities including shipping cargo agent services and the building of ships and floating structures. According to the company, this move aligns with a strategic initiative to expand business operations and create new growth avenues.The subsidiary’s initial capital is set at 1,00,000, comprised of 10,000 equity shares with a face value of 10 rupees each. Shreeji...

Arkade Developers Ltd. Receives NCLT Approval for Scheme of Arrangement Arkade Developers Limited (ADL) announced on March 25, 2026, the receipt of a certified copy of the order and scheme from the National Company Law Tribunal (NCLT) Bench in Mumbai regarding the Scheme of Arrangement between Filmistan Private Limited and Arkade Developers Limited. This follows the NCLT’s approval on March 16, 2026.The Scheme involves the demerger of Filmistan Private Limited (Demerged Company) into Arkade Developers Limited (Resulting Company) under Sections 230 to 232 of the Companies Act, 2013. The Appointed Date for the Scheme is August 1, 2025, and it will become effective upon filing of E-Form INC-28 with the Registrar of Companies in Mumbai...

Mantra Capital Ltd. Receives In-Principle Approval for Share and Warrant Issuance Mantra Capital Limited announced on March 25, 2026, that it has received an in-principle approval from the BSE Limited for the issue and allotment of securities on a preferential basis. The approval pertains to 48,25,000 equity shares with a face value of Rs. 10 each, and 45,00,000 warrants convertible into equity shares also with a face value of Rs. 10 each. The equity shares are to be issued to non-promoters at a price not less than Rs. 20 per share, while the warrants are to be issued to promoters at a price not less than Rs. 20 per share.The BSE’s in-principle approval emphasizes that it does not constitute approval for the listing of the securities...

LIC Receives Income Tax Demand Order Life Insurance Corporation of India (LIC) announced today that it has received a communication/demand order for Income Tax and Interest. The order, received on March 25, 2026, pertains to the financial year 2021-22.The Income Tax demand totals INR 61,46,71,18,015, while the interest amount is INR 9,53,25,87,935. The Corporation stated that the order is appealable before the Commissioner of Income Tax (Appeals).The tax demand stems from disallowances related to several issues, including the addition of Interim Bonus as Income, the addition of Loss from Jeevan Suraksha Fund as Income, the addition of Negative Reserve as Income, disallowance of Deduction u/s 80M, and disallowance of Interest on late...