Markets

PAE Ltd. Enters Loan Agreement with Director, Convertible to Equity PAE Ltd. announced on March 24, 2026, that it has entered into a loan agreement with Non-Executive Director Mr. Jatinbhai Ramanbhai Patel. The agreement, dated March 23, 2026, involves an unsecured loan of Rs. 100,00,00,000 (Rupees One Hundred Crores) which is convertible into equity shares at a later date. The board of directors approved the agreement on February 6, 2026, and shareholders approved it at the Annual General Meeting held on March 7, 2026.Mr. Patel holds 50,000 shares representing Rs. 500,000 (Rupees Five Lakhs) in the company, equating to a 5.00% stake in the equity share capital. The loan will be disbursed in tranches via banking channels.The...

Dhanlaxmi Bank Reaffirms Credit Rating on Base Tier II Bonds Dhanlaxmi Bank Ltd., established in 1927, announced on March 24, 2026, that ICRA has reaffirmed the rating of its Base Tier II Bonds as (ICRA) BBB(Stable). This reaffirmation is in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to the Bombay Stock Exchange and the National Stock Exchange of India. Yenkatesh .H, Company Secretary & Secretary to the Board, conveyed the information.Source:

Awfis Space Solutions Ltd. Updates Business Transfer Agreement New Delhi, March 24, 2026 – Awfis Space Solutions Ltd. announced an addendum to the Business Transfer Agreement (BTA) executed with Awfis Transform Private Limited (ATPL). This update follows previous disclosures dated November 11, 2025, December 23, 2025, January 23, 2026, and February 26, 2026.The addendum details the determination of the final consideration for the Business Undertaking, referred to as the Final Purchase Price. This determination will be based on an updated valuation report for the Business Undertaking, with a reference date coinciding with the Closing Date.The company will provide updates to the National Stock Exchange of India Limited (NSE) and BSE...

Accord Transformer & Switchgear Limited Appoints Auditors Accord Transformer & Switchgear Limited, formerly Accord Transformer & Switchgear Private Limited, announced the appointments of both an Internal Auditor and a Secretarial Auditor at a board meeting held on March 24, 2026. The meeting was conducted via video conferencing.The company appointed Mr. Ranjan Kumar Samal as Internal Auditor for the financial year 2025-2026. Mr. Samal brings over 28 years of experience in accounting, auditing, and financial management within the manufacturing and automobile sectors.Ms. Divya Rani, a Practicing Company Secretary, was appointed as Secretarial Auditor for the financial year 2025-2026. She holds Membership No. A64841 and CP No. 26426...

Classic Electrodes (India) Limited Increases Investment in HM Power and Cables Private Limited Classic Electrodes (India) Limited announced a further investment in HM Power and Cables Private Limited on March 24, 2026. The Board of Directors approved an investment of INR 46,00,000 for 4,60,000 equity shares, each with a face value of INR 10.This additional investment brings the total investment in HM Power and Cables Private Limited to INR 2,06,00,000, encompassing a total of 20,60,000 equity shares. HM Power and Cables Private Limited is a related party entity involved in the manufacturing of wires and cables. Further details regarding the acquisition and allotment of equity shares will be disclosed at a later date.Source:

Hindware Home Innovation Limited Exercises Put Option in Joint Venture Gurugram, India – March 24, 2026 – Hindware Home Innovation Limited announced today that it has exercised its put option concerning its shareholding in Hintastica Private Limited (HPL), a joint venture with Atlantic Société Française de Développement Thermique, France (Atlantic SFDT).The move was triggered by a notice from Atlantic SFDT regarding a proposed transaction that may lead to a change in control of Atlantic SFDT, as outlined in the Share Subscription and Shareholders' Agreement dated March 25, 2021.As of the date of the announcement, Hindware Home Innovation Limited holds 548,787 equity shares in HPL, representing an aggregate equity investment of INR...

GS Auto International Ltd. to Consider Fund Raising at Board Meeting GS Auto International Ltd. announced that a board meeting is scheduled for Monday, March 30, 2026, at Hotel Shivalikview in Chandigarh. The meeting will commence at 12:30 P.M.During the meeting, the board will discuss and potentially approve a proposal for fund raising through equity shares or other securities via a permissible mode. This action is subject to regulatory and statutory approvals as deemed appropriate by the board.Additionally, the board may address other matters with the permission of the chair.In accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons...

Salem Erode Investments Ltd. Supersedes Right Issue Approval, Announces Fresh Fund Raise Salem Erode Investments Ltd. announced on Tuesday, March 24, 2026, that its Board of Directors has superseded the previous approval for a rights issue granted on April 4, 2025. The company has approved a fresh resolution to raise funds through the offer and issuance of fully paid-up equity shares with a face value of ₹ 1 each, for an amount not exceeding ₹ 2,293.11 Lakhs.The rights issue will be offered to eligible equity shareholders as on a record date to be determined and notified subsequently. The company clarified that the resolution does not represent a new or additional offer but a fresh approval for the previously intended issuance, with a...

Indian Railway Catering and Tourism Corporation Addresses Exchange Fines, Announces CIRO Change Indian Railway Catering and Tourism Corporation Limited (IRCTC) announced that its Board of Directors addressed fines levied by the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) for the quarter ended December 31, 2025, during a meeting held on March 24, 2026. The company received fines totaling ₹542,200 each from both exchanges concerning non-compliance with Regulation 17(1) of the SEBI (LODR) Regulations, 2015, specifically regarding board composition and the failure to appoint a woman director.The Board noted that the non-compliance was beyond the company's control and that proactive steps were taken to inform and...

Wipro Limited Grants Restricted Stock Units to Employees Wipro Limited announced on March 24, 2026, that it has granted a total of 532,407 ADS Restricted Stock Units and 10,664 Restricted Stock Units to identified employees. The grant is effective as of March 24, 2026, and is administered under the Company’s Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024.The vesting schedule and exercise period for these units were approved by the Nomination and Remuneration Committee of the Board.Source:

Prima Plastics Ltd. Receives NCLT Order, Sets Effective Date for Demerger Prima Plastics Limited announced today, March 24, 2026, that it has received the Certified True Copy of the order from the Hon'ble NCLT, Ahmedabad Bench, sanctioning the Scheme of Demerger between Prima Plastics Limited and Prima Innovation Limited.The Scheme involves the demerger of Prima Plastics Limited (the Demerged Company) and Prima Innovation Limited (the Resulting Company) along with their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.Prima Plastics Limited has designated March 31, 2026, as the effective date for the Scheme. The company will authorize its signatories to...

Modern Engineering and Projects Ltd. Appoints Company Secretary, Approves Inter-Corporate Deposit Modern Engineering and Projects Ltd. announced several corporate updates following a board meeting held on March 24, 2026.The company appointed Mrs. Devanshi Kevin Shah as Company Secretary & Compliance Officer, effective March 24, 2026. Mrs. Shah is an Associate Member of the ICSI with experience in corporate governance, compliance management, and board meeting facilitation.The board also approved the availing of an Inter-Corporate Deposit (ICD) from Jetra Infrastructure Private Limited, a related party. The transaction, valued at INR 9,50,00,000 (Rupees Nine Crores and Fifty Lakhs only), is considered to be in the ordinary course of...

Bosch Home Comfort India Ltd. Appoints Rishi Mehta as Executive Director-Finance & CFO Bosch Home Comfort India Limited announced the appointment of Mr. Rishi Mehta as Executive Director-Finance & CFO, effective April 1, 2026. The decision was made by the Board of Directors at a meeting held on March 24, 2026.Mr. Mehta’s appointment term is from April 1, 2026, to September 30, 2028.Mr. Rishi Mehta is a Chartered Accountant with a Postgraduate degree in Commerce and over 20 years of experience in the finance function across the Automotive, Air Conditioning, and Information Technology industries. His expertise includes strategic planning, problem-solving, change management, and decision-making. He previously held leadership roles at...

Aequs Limited Announces Resignation of Chief Financial Officer Aequs Limited announced on March 24, 2026, that Chief Financial Officer Dinesh Iyer has resigned from his position, effective June 30, 2026. Iyer’s resignation is due to personal reasons.According to a filing, Iyer will be relieved from his duties at the closure of business hours on June 30, 2026. He submitted his resignation letter on March 24, 2026. Iyer confirmed there are no material reasons for his resignation beyond personal considerations and will assist with the transition of his responsibilities.Reason for ChangeDetailsReason for ChangeResignation due to personal reasonsDate of CessationJune 30, 2026Brief ProfileNot ApplicableRelationshipsNot...

Nestlé India Ltd. to Review Financial Results on April 21, 2026 Nestlé India Limited announced it will consider audited financial results for the fiscal year ending March 31, 2026, at a board meeting scheduled for Tuesday, April 21, 2026.In conjunction with this event, the trading window for the company's securities will be closed from April 1, 2026, to April 23, 2026, inclusive.Source:

Phantom Digital Effects Limited Appoints New Directors and Senior Management Phantom Digital Effects Limited announced several key appointments following a board meeting held on March 24, 2026.The company approved the appointment of Mr. Armugam Narayana (DIN:10689254) as an Additional Director in the category of Non-Executive - Independent Director for a term of five years, commencing March 24, 2026, and expiring March 23, 2031. Mrs. Vandana Bhojgaria (DIN:09686637) was also appointed as an Additional Director designated as Non-Executive - Independent Director, for a five-year term effective from March 24, 2026 to March 23, 2031. Both appointments are subject to approval by the company's members.The board also reconstituted several...

Sharika Enterprises Bags Smart Grid Order from L&T for Varanasi Project Noida, March 24, 2026 – Sharika Enterprises Ltd has secured a significant order from Larsen & Toubro Limited for the supply of communicable Overhead Fault Passage Indicators (FPIs) for a Revamped Distribution Sector Scheme (RDSS) project in Varanasi. The order is for 998 Nos. of Communicable FPIs, ultimately serving Paschimanchal Vidyut Vitran Nigam Limited (PVVNL).The project aims to bolster network reliability and automation within PVVNL’s distribution network. Sharika Enterprises will supply advanced communicable FPIs, designed to enable real-time fault detection, faster fault localization, and improved restoration times. These systems are expected to enhance...

Crayons Advertising Limited Appoints Additional Director Crayons Advertising Limited announced the appointment of Mr. Navratan Baid as an Additional Director (Non-executive Independent Director) effective March 24, 2026. The appointment was approved at a Board of Directors meeting held on the same date. The appointment is subject to shareholder approval at the ensuing general meeting.Mr. Baid, who holds a Commerce degree from Delhi University, brings extensive business experience since 1980, encompassing manufacturing, marketing, and import/distribution businesses. He is not related to any other director of the company. The Board confirmed that Mr. Baid is not debarred from holding the office of Director.The Board also reconstituted...

Dhariwalcorp Limited Receives In-Principal Approval for Share Listing Dhariwalcorp Limited (DHARIWAL) announced it has received an in-principal approval from the National Stock Exchange of India (NSE) for the listing of 47,007,000 equity shares with a face value of Rs. 2 each. The shares, bearing distinctive numbers from 47007001 to 94014000, are part of a rights issue by the company.The NSE's approval, conveyed in a letter Ref. No.: NSE/LIST/C/2026/0342 dated March 23, 2026, is subject to confirmation from National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) regarding the credit of beneficiary accounts or dispatch of physical share certificates.Saloni Kachhawa, Company Secretary and...

DCW Ltd. Receives Income Tax Demand Order DCW Ltd. announced today, March 24, 2026, that it received an Income Tax Demand Order from the Assistant Commissioner of Income Tax, Central Circle-1(4), Mumbai.The order, dated March 18, 2026, pertains to the Assessment Year 2024-25 and raises a demand of ₹4.32 crores. According to the company, this demand was erroneously computed as the Assessing Officer did not grant credit for advance tax paid amounting to ₹4.00 crores.DCW Ltd. intends to file a rectification application under Section 154 of the Income Tax Act, 1961, to contest the demand. The company believes the tax demand is not legally tenable and does not anticipate a material impact on its financial position or operations.Source: