Markets

Acme Solar Holdings Announces Commissioning of Fourth Phase of Rajasthan BESS Project Acme Solar Holdings Limited announced the commissioning of the fourth phase of its Battery Energy Storage System (BESS) project located in Rajasthan. The project, developed by ACME Suryodaya Private Limited, a wholly-owned subsidiary of Acme Solar Holdings Limited, is situated in Village Sanwara and Mehar Nagar, Tehsil Pokhran, Dist Jaisalmer.The newly commissioned phase has a capacity of 95 MW / 200.64 MWh, bringing the total commissioned capacity of the project to 171 MW / 361.14 MWh out of the total planned capacity of 285 MW / 601.904 MWh.The commercial operation date (COD) for phase IV is scheduled for March 25, 2026. This follows previous...

Vardhman Polytex Limited Assigned Credit Rating for Proposed Debt Issuance Vardhman Polytex Limited announced that Infomerics Valuation and Rating Ltd. has assigned a credit rating of IVR D to the company for a proposed issuance of Nonconvertible Debentures. The rating was assigned on March 23, 2026.The details of the rating are as follows:ParticularsDetailsRevision in rating even if it was not requested for by the listed entity or the request was later withdrawn by the listed entityCredit Rating (IVR D) assigned to the company in respect of proposed issuance of Non-convertible Debentures.Revision in rating outlook even without revision in rating scoreNot ApplicableESG ratings by registered ESG Rating ProvidersNot...

Veedol Corporation Limited Extends Loan Repayment Timeline for Andrew Yule & Company Limited Kolkata – Veedol Corporation Limited announced on March 23, 2026, that its Board of Directors has approved an extension for the repayment timeline of an unsecured loan granted to Andrew Yule & Company Limited (AYCL). The extension, recommended by the Audit Committee, shifts the repayment date from March 31, 2026, to September 30, 2026. All other terms and conditions of the original loan agreement remain unchanged.The initial short-term unsecured loan was provided during the financial year 2025-26. AYCL, a Government of India enterprise and co-promoter of Veedol Corporation Limited, has a satisfactory track record in servicing its financial...

LG Electronics India Limited Receives Draft Assessment Order for FY 2022-23 LG Electronics India Limited announced that it received a Draft Assessment Order from the Income Tax Department of India for the financial year 2022-23, dated March 22, 2026. The draft order includes disallowances totaling Rs 5,728 Million.According to the order, this amount includes a Transfer Pricing disallowance of Rs 2,168.90 Million, which is covered under an Advance Pricing Agreement and will be reduced to Nil. The company plans to file objections with the Dispute Resolution Panel regarding the Draft Assessment Order.The receipt of this draft order does not anticipate any financial or operational impact on LG Electronics India Limited. The company is...

Persistent Systems Appoints Ruchi Kulhari as Executive Vice President - Enterprise Strategy & Execution Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, announced the appointment of Ruchi Kulhari as Executive Vice President - Enterprise Strategy & Execution, effective March 23, 2026. The appointment supports the company’s ongoing scaling of global operations and focus on AI-led, platform-driven services.Ruchi Kulhari will partner with the CEO and Executive Leadership Team to drive the company's critical priorities, translating strategic priorities into initiatives with measurable outcomes. Her responsibilities include strengthening execution cadence...

Godrej Agrovet Re-Appoints Dr. Ashok Gulati as Independent Director Godrej Agrovet Limited announced on March 23, 2026, that its Board of Directors has approved the re-appointment of Dr. Ashok Gulati as a Non-Executive & Independent Director for a second term. The appointment, subject to shareholder approval, will commence on May 7, 2026, and extend until May 10, 2029.Dr. Gulati, whose first term expires on May 7, 2026, is currently a Distinguished Professor at the Indian Council for Research on International Economic Relations (ICRIER). His previous roles include Chairman of the Commission for Agricultural Costs and Prices (2011-14) and membership on the Central Board of Directors of the Reserve Bank of India (RBI) and National Bank...

IRB Infrastructure Developers Limited Sets Record Date for Bonus Equity Share Issue IRB Infrastructure Developers Limited has announced March 23, 2026, as the record date for the issuance of bonus equity shares. The decision, approved by shareholders through a postal ballot on the same date, involves the issuance of one new equity share for every existing share held. Each share has a face value of Re. 1.The bonus equity share issue follows a disclosure made on February 13, 2026. According to Regulation 42 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the record date is set for Wednesday, April 1, 2026, to determine eligible shareholders.The deemed date of allotment for the bonus equity shares is...

Nitco Limited Allots Equity Shares Following Warrants Conversion Nitco Limited announced the allotment of 1,14,00,000 (One Crore Fourteen Lakhs) equity shares on March 23, 2026, following the conversion of an equal number of convertible warrants. The allotment was approved by the Board of Directors and is subject to shareholder approval.The equity shares have a face value of Rs. 10 each and a premium of Rs. 82.25 per share, resulting in an issue price of Rs. 92.25 per share. The shares were allotted to Mr. Vivek Prannath Talwar, a promoter of the company, who had previously received 25% of the issue price per warrant as an initial subscription amount. The remaining 75% of the warrant issue price was received upon conversion.The...

GE Power India Limited Updates Contact Details for Key Managerial Personnel GE Power India Limited announced changes to the contact details of key managerial personnel (KMPs) responsible for determining the materiality of events and information, effective April 3, 2026. The updates are in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The KMPs and their contact information are as follows:Mr. Puneet Bhatla, Managing Director: Axis House, Plot No 1-14, Towers 5&6, Jaypee Wish Town, Sector 128, Noida, Uttar Pradesh - 201301. Email: in.investor-relations@ge.com. Phone: 0120-5011011. Mr. Aashish Ghai, Whole-time Director & CFO: Axis House, Plot No 1-14, Towers 5&6, Jaypee Wish Town...

IRFC Provides ₹12,842 Crore Refinancing for HURL New Delhi, March 23, 2026 – Indian Railway Finance Corporation Limited (IRFC), a Navratna CPSE under the Ministry of Railways, has signed a Rupee Term Loan agreement with Hindustan Urvarak and Rasayan Limited (HURL) for the refinancing of existing long-term debt up to ₹12,842 crore.According to Manoj Kumar Dubey, Chairman & Managing Director, IRFC, the transaction reflects a whole-of-government approach, providing cost-effective, long-term financing to strategically important sectors like fertilizers.The loan agreement, signed in New Delhi between Sunil Kumar Goel, Executive Director (Finance), IRFC, and Poonam Jeswani, Chief Financial Officer, HURL, is one of IRFC's largest...

GE Power India Limited Announces Resignation of Senior Management Personnel GE Power India Limited announced that Ms. Risha Yadav, a Senior Management Personnel, has resigned from her position, effective March 31, 2026. Ms. Yadav is pursuing another opportunity within the GE Vernova Group.According to a company statement released on March 23, 2026, the Board of Directors accepted Ms. Yadav’s resignation. She expressed gratitude for her time with the company and offered assistance during the transition period.Details of the Resignation:DetailInformationNameMs. Risha YadavReason for ResignationTo pursue another opportunity within GE Vernova GroupEffective DateClose of business hours of March 31, 2026Term of...

Syrma SGS Technology Limited Appoints Jayesh Nagindas Doshi as Whole Time Director Syrma SGS Technology Limited announced the appointment of Mr. Jayesh Nagindas Doshi as a Whole Time Director, effective April 1, 2026, for a period of five years. The decision was approved at a Board Meeting held on March 23, 2026, which commenced at 6:45 p.m. and concluded at 7:45 p.m. The appointment was recommended by the Nomination and Remuneration Committee and is subject to shareholder approval.Mr. Doshi, who currently serves as a Non-Executive Director since September 27, 2021, is a Chartered Accountant and Law graduate with approximately 37 years of experience. His background includes expertise in corporate and structured finance, mergers and...

KPIT Technologies Completes Stake Transfer in N-Dream Subsidiary KPIT Technologies Limited announced the completion of a transfer of a 26% stake in N-Dream to KPIT Technologies (UK) Limited, a wholly owned subsidiary. The move, finalized following a Board Meeting on January 29, 2026, results in KPIT UK holding a 90% stake in N-Dream, solidifying its position as a step-down subsidiary of KPIT India.The transfer aims to achieve parity and restructure within the KPIT group's organizational structure. KPIT's overall stake in N-Dream remains at 90%.N-Dream, a Switzerland-based company, operates as a Cloud-based Game Aggregation Platform. KPIT's investment in N-Dream is part of a strategy to support Automotive OEMs in enhancing driver and...

PhysicsWallah's Vishwas Diwas Demonstrates Deep Online Penetration in Bharat and Strong Student Response to 'Ask AI' New Delhi, March 23, 2026 (GLOBE NEWSWIRE) -- Education company PhysicsWallah Limited celebrated the fifth edition of its flagship event, Vishwas Diwas (VD), to kick off the new academic year. The company witnessed record viewership with over 3.4 million learners tuning in to watch the stream. Students from metros and emerging education hubs like Patna, Lucknow, Varanasi, Indore, Jaipur, Bhubaneswar, and Nagpur, alongside smaller towns like Begusarai, Bhopal, Ranchi, Darbhanga, Bhubaneswar, and Deoria engaged with the celebration.This scale of participation from Tier-2 and Tier-3 regions reflects PhysicsWallah's...

General Insurance Corporation of India Announces Departure of Independent Director Mumbai – General Insurance Corporation of India (GIC) announced on March 23, 2026, the completion of Ms. Vinita Kumari's term as an Independent Director on the company’s board. Consequently, Ms. Kumari ceased to serve as an Independent Director effective at the close of business hours on March 23, 2026.The company expressed appreciation for Ms. Kumari’s contributions and guidance during her tenure. GIC’s stock is listed on the BSE under the code 540755 and on the NSE as GICRE.Source:

Suzlon Energy Limited Faces Penalty of Rs. 25 Lacs from Enforcement Directorate Suzlon Energy Limited announced that the Office of the Deputy Director, Enforcement Directorate, Mumbai Zonal Office II, has levied a penalty of Rs. 25,00,000 (Rupees Twenty Five Lacs Only) on the company.The penalty relates to a procedural matter concerning a bonafide transaction that was previously reported to the Reserve Bank of India. The action is linked to a contravention of Section 7 of FEMA, 1999, read with regulation 15 of Foreign Exchange Management (Export of Goods and Services) Regulations, 2000. This involves failure to export goods against a long-term export advance and non-receipt of approval from the Reserve Bank of India for the set-off of...

Manoj Vaibhav Gems N Jewellers Limited Approves Franchise Agreement with M/s. Gontla Trading LLP Manoj Vaibhav Gems N Jewellers Limited announced March 23, 2026, that its Audit Committee and Board of Directors have approved a franchise agreement with M/s. Gontla Trading LLP. The agreement will facilitate the operation of new jewelry stores in Ramnagar and Gajuwaka, Visakhapatnam.The Board authorized the execution of the franchise agreement and any related addendums. The opening dates for the new stores will be communicated to the stock exchanges as they are scheduled.The Designated Partners of M/s. Gontla Trading LLP, Mr. Udaya Kumar Gontla and Mrs. Gontla Shireesha, are relatives of Mr. Rakhal Gontla, Joint Managing Director, and...

Coal India Gets In-Principle Approval for South Eastern Coalfields Limited Divestment Kolkata – Coal India Limited (CIL) announced on March 23, 2026, that its Board has granted in-principle approval for the divestment of South Eastern Coalfields Limited (SECL). The plan involves an Offer for Sale (OFS) of up to 25% of the equity shares held by CIL in SECL. Simultaneously, SECL will issue fresh equity shares aggregating up to 10% of its post-issue paid-up equity share capital.The divestment strategy will be executed through an Initial Public Offer (IPO) and/or other permissible market routes within the domestic market, adhering to the SEBI (ICDR) Regulations, 2018, and the Securities Contracts (Regulation) Rules, 1957.Previously, on...

Signatureglobal Extends Long Stop Date for Asset Sale Signatureglobal (India) Limited announced a mutual extension to the long stop date for the sale and disposal of assets, as outlined in a Securities Subscription and Purchase Agreement. The agreement, initially executed on February 14, 2026, involved the company, its wholly-owned subsidiary Gurugram Commercity Limited (GCL), and Millennia Realtors Private Limited (RMZ).The initial long stop date, set for March 23, 2026, has been extended to March 31, 2026, according to a filing. The original agreement was first disclosed on February 14, 2026.Source:

Kriti Industries Shareholders Approve Memorandum and Articles Alterations Kriti Industries (India) Limited announced today, March 23, 2026, that shareholders have approved alterations to the company's Memorandum of Association (MOA) and Articles of Association (AOA). The resolutions were passed during an Extraordinary General Meeting held virtually on March 20, 2026, commencing at 10:30 A.M. and concluding at 10:46 A.M.Shareholders approved a special resolution to alter Clause III(B) of the MOA and subsequently adopted the revised MOA. A separate special resolution confirmed and approved alterations to the AOA, with the altered version also being adopted.Aditi Randhar, Company Secretary & Compliance Officer, confirmed the outcome...