Markets

CRISIL Limited Receives Re-assessment Order Regarding Income Tax Return for AY 2017-18 CRISIL Limited announced on March 24, 2026, that it received a re-assessment order from the Income Tax Authority concerning its income tax return for Assessment Year 2017-18. The order relates to the company's merged subsidiaries and financial year 2016-17.According to the Income Tax Authority, an initial re-assessment order was issued on March 23, 2026. While the Assessing Officer acknowledged that the income of the subsidiaries had already been merged with CRISIL Limited’s income and that taxes had been appropriately offered, an erroneous computation of tax resulted in an incorrect demand order. This involved unwarranted additions and a failure to...

JB Chemicals & Pharmaceuticals Limited Appoints New Directors and Managing Director JB Chemicals & Pharmaceuticals Limited announced that shareholders approved the appointment of several directors via postal ballot. The appointments include Mr. Aman Mehta as Managing Director and Mr. Amal Kelshikar, Mr. Hasmukh Patel, and Mr. Sudhir Menon as Non-Executive Non-Independent Directors.Mr. Aman Mehta was appointed as Managing Director for a period of 3 years, effective January 21, 2026. He is currently the Managing Director of Torrent Pharmaceuticals Limited and holds a Bachelor's degree in Economics from Boston University and an MBA from Columbia University.Mr. Amal Kelshikar, appointed on March 23, 2026, brings 32 years of experience...

India Glycols Limited Unsecured Creditors Approve Scheme of Arrangement India Glycols Limited announced that a meeting of its unsecured creditors convened on March 24, 2026, approved a scheme of arrangement among India Glycols Limited, Ennature Bio Pharma Limited, and IGL Spirits Limited. The meeting, held virtually to consider and approve the Scheme of Arrangement, was conducted in compliance with directions from the Hon'ble National Company Law Tribunal, Allahabad Bench, Prayagraj.A total of 27 unsecured creditors attended the meeting. The resolution was approved with 64,266,50,041 votes in favor, representing 100% of the votes polled. The total outstanding amount of unsecured creditors as of the cut-off date of November 15, 2025...

Indian Bank Successfully Raises Rs. 5000 Crore Through Long-Term Infrastructure Bonds Indian Bank announced the successful raising of Long-Term Infrastructure Bonds aggregating up to Rs. 5000 crore through a private placement. The bonds were issued through the BSE EBP platform.The details of the bond issuance are outlined below:Sl. No.ParticularsDetails1Issue Type7.15%, Senior, Rated, Listed, Unsecured, Redeemable, Long Term, Fully Paid-up, Non-Convertible Bonds in the nature of Debentures, Series III2ISININE562A081153Issue SizeRs.5000 crore4No. of Bonds5,00,000 Bonds of face value of Rs.1.00 lakh each5Issue opened on23.03.2026 on BSE EBP Platform6Issue closed on23.03.2026 on BSE EBP Platform7Date of...

Greenply Industries Limited Announces Departure of Marketing Vice President Greenply Industries Limited announced the resignation of Yatnesh Pandey, Vice President - Marketing and a member of the company’s senior management, effective March 24, 2026. Pandey’s departure is to pursue opportunities outside the organization.Pandey served in his role for 4.7 years. He expressed gratitude for the trust and support received during his tenure and highlighted the enriching professional and personal experience gained while working with the team to achieve company goals.The resignation was tendered on February 7, 2026, and Pandey will be relieved from his duties at the close of business hours on March 24, 2026.SI. No.ParticularsDetails...

NINtec Systems Limited Announces Promoter Group Director’s Share Acquisitions Nintec Systems Limited announced that Rachana Niraj Gemawat, a Promoter Group Director, acquired equity shares in the company on March 24, 2026. The transactions occurred on the BSE.According to a regulatory filing, Gemawat purchased a total of 256,171 equity shares, increasing her holding to 13.79% of the company’s outstanding shares. Subsequent purchases brought her holding to 256,3292 (13.80%) and 2564876 (13.81%), ultimately reaching 2567376 (13.82%) and 2568376 (13.83%). Further acquisitions increased her holdings to 2569376 (13.83%), 2570265 (13.84%), 2570417 (13.84%), 2571417 (13.84%), and 2572417 (13.84%). The total value of these acquisitions...

Thomas Cook (India) Limited Approves Supplemental Agreement for Travel AI Platform Development Thomas Cook (India) Limited announced on March 24, 2026, that its Sub-Committee of the Board of Directors approved a supplemental agreement with Atirath Technologies Private Limited regarding the Indian Horizon Marketing Services Limited joint venture (JV Co.). The supplemental agreement pertains to the co-development of a Travel AI Platform.TCIL will continue to hold a 50% stake in the JV Co., with Atirath retaining the remaining 50%. The additional subscription amount will be used for the purposes of co-developing the Travel AI Platform. The scope of the joint venture remains focused on the Indian market.According to the supplemental...

Dr. Reddy’s Laboratories Limited Updates Insider Trading Code Dr. Reddy’s Laboratories Limited announced an amendment to its 'Code of Practices and Procedures for Fair Disclosures of Un-published Price Sensitive Information' on March 24, 2026. The updated code is in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended.According to the updated code, “Un-published Price Sensitive Information” (UPSI) means information as defined under clause of regulation 2 (1) of the SEBI PIT Regulation. The Head of Investor Relations has been designated as Chief Investor Relations Officer.The company will promptly furnish material information related to any UPSI to the National...

Vardhman Polytex Limited Allots 70,00,000 Shares Following Warrant Conversion Vardhman Polytex Limited announced the allotment of 70,00,000 equity shares on March 24, 2026, resulting from the conversion of 70,00,000 warrants. The allotment was approved by the company's board of directors during a meeting held on the same day.The equity shares, each with a face value of Re. 1, were allotted at a price of Rs. 12.55 per share, including a premium of Rs. 11.55. This conversion follows the receipt of Rs. 6,58,87,500, representing 75% of the issue price per warrant from the allottees.Oswal Holding Private Limited, a member of the 'Promoter Group,' was the sole allottee involved in the conversion. Following the allotment, the company's...

Spencer’s Retail Limited Approves Grant of Stock Options Spencer’s Retail Limited announced on March 24, 2026, that its Nomination and Remuneration Committee has approved the grant of stock options to eligible employees. The grant involves 1,20,000 equity shares, with each option allowing for the exercise into one equity share, under the Spencer's Retail Employee Stock Option Plan 2019. This action aligns with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company's stock symbol on the National Stock Exchange is SPENCERS, and the scrip code on the BSE Limited is 542337.Source:

Tamilnad Mercantile Bank Extends Chief Risk Officer's Tenure Tamilnad Mercantile Bank Limited announced the extension of the service period for its Chief Risk Officer, Thiru. Laxman Karkala Kudva, for an additional year. The Board of Directors approved the extension at a meeting held on March 24, 2026, with the new term effective August 12, 2026, and concluding August 11, 2027.Thiru. Kudva initially joined the bank on August 12, 2024, as Chief Risk Officer and Executive Vice President for a two-year term, set to expire on August 11, 2026.According to information released, Thiru. Kudva holds a Bachelor of Science degree and is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB). He previously worked at...

ABS Marine Services Limited Acquires Offshore Support Vessel ABS Marine Services Limited announced that it has contracted to acquire an Offshore Support/Supply Vessel (MPSV). The vessel is anticipated to be incorporated into the company’s fleet during the first quarter of Financial Year 2026-2027, specifically between April 2026 and June 2026.The acquisition is expected to bolster ABS Marine Services Limited’s operational capabilities within the offshore support sector.Source:

RBL Bank Resolves GST Demand of ₹92,00,23,536 RBL Bank Limited announced that the Assistant Commissioner of State Tax, Mumbai, has withdrawn the ₹92,00,23,536 tax demand, inclusive of interest and penalty, which was previously outlined in a show cause notice under the Maharashtra Goods and Services Tax Act, 2017 for the financial year 2019-20.The resolution, detailed in an order dated March 24, 2026, follows proceedings initiated under Section 74 of the Maharashtra Goods and Services Tax Act, 2017. The bank had previously disclosed receiving the show cause notice on October 1, 2025.The information is available on the bank's website at https://www.rbl.bank.in/.Source:

Torrent Pharmaceuticals Amalgamation Receives NCLT Order Torrent Pharmaceuticals Limited announced that the National Company Law Tribunal (NCLT) Ahmedabad Bench has uploaded an order regarding the proposed amalgamation of J.B. Chemicals & Pharmaceuticals Limited with Torrent Pharmaceuticals Limited. This follows a prior notification dated June 29, 2025, outlining the proposed scheme of amalgamation.The NCLT order is accessible on the tribunal’s website at https://nclt.gov.in/. Torrent Pharmaceuticals is the transferee company in this transaction, while J.B. Chemicals & Pharmaceuticals Limited is the transferor company. The BSE Scrip Code for Torrent Pharmaceuticals is 500420, and the NSE Scrip Code is TORNTPHARM.Source:

Euro Panel Products Limited Discloses Promoter Group Share Transaction Euro Panel Products Limited announced that Divya Ply Agency Private Limited, a promoter group entity, has disclosed a transaction involving its shares. The disclosure, made on March 24, 2026, and submitted under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, details an on-market transaction.According to the filing, Divya Ply Agency Private Limited acquired 134,492 Equity Shares for a value of ₹18,691,394 on March 23, 2026. This acquisition increased the entity’s shareholding to 699,492 shares, representing a 2.85% stake in the company. The transaction was executed on the National Stock Exchange (NSE).The company's shares are...

Emkay Global Financial Services Limited Receives Trading Approval for Preferentially Allotted Shares National Stock Exchange of India Limited (NSE) has approved the listing of 2,78,300 equity shares of Emkay Global Financial Services Limited, effective March 25, 2026. The shares were allotted at a price of Rs. 239.50 per share, including a premium of Rs. 229.50, following the conversion of warrants issued on a preferential basis.The allotment was made to a Promoter. This increases the listed capital of the company to Rs. 26,18,90,630, comprised of 2,61,89,063 fully paid Equity Shares of Rs. 10 each.The shares have a lock-in period until September 25, 2027.The BSE (Bombay Stock Exchange) also approved the listing of the shares...

Avenue Supermarts Limited Completes Commercial Paper Redemption Avenue Supermarts Limited announced the maturity and redemption of its commercial paper on March 24, 2026. The company fully redeemed 4,000 commercial papers with an ISIN of INE192R14303.The total amount redeemed was Rs. 200 Crores, bringing the outstanding amount to Nil. The maturity date aligned with the actual redemption date, both being March 24, 2026.Sr. No.ParticularsDetails1ISININE192R143038Quantity redeemed (No. of Commercial Papers)40009Due date for redemption/ maturity24 th March, 202610Actual date for redemption24 th March, 202611Amount redeemedRs. 200 Crores12Outstanding amountNilSource:

Mangalam Global Enterprise Limited Reclassifies Shareholder from Promoter Group Mangalam Global Enterprise Limited announced on March 24, 2026, that it has received approval to reclassify Radhika Bansal from the "Promoter Group" category to the "Public" category. The decision follows an application submitted by the company on January 17, 2026, to both the National Stock Exchange of India Limited and the Bombay Stock Exchange.According to the notification, Radhika Bansal currently holds 10,00,000 shares, representing 0.30% of the company’s total paid-up share capital.The reclassification was granted by both exchanges, as evidenced by letters dated March 24, 2026.Name of ShareholderNumber of Shares% of ShareholdingRadhika...

Viji Finance Limited Board Approves Preferential Allotment of Warrants Viji Finance Limited announced that its Board of Directors approved a preferential allotment of warrants to Non-Promoter investors during a meeting held on March 24, 2026.The company plans to issue and allot up to 12,75,00,000 warrants convertible into an equivalent number of equity shares with a face value of INR 1 each. The total consideration for the allotment is expected to be INR 35,70,00,000. The warrant price has been set at INR 2.80 each, encompassing both the warrant subscription price and the warrant exercise price.An Extraordinary General Meeting (EGM) has been scheduled for April 23, 2026, at 11:30 A.M. (IST) to be conducted via Video Conferencing...

Tamilnad Mercantile Bank Approves Amendments to Fair Disclosure Principles Tamilnad Mercantile Bank Limited announced that its Board of Directors approved amendments to the Principles of Fair Disclosure for Purposes of Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information on March 24, 2026.The amendments are effective immediately, March 24, 2026, and are available on the bank’s website at https://tmb.bank.in/pages/Regulatory-Policies.The update was made in accordance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.Swapnil Yelgaonkar, Company Secretary & Compliance Officer, confirmed the announcement.Source: