Markets

Clean Max Enviro Energy Solutions Ltd. Issues Corporate Guarantee for Subsidiary Mumbai – March 24, 2026 – Clean Max Enviro Energy Solutions Ltd. has issued a corporate guarantee for its subsidiary, Clean Max Sphere Energy Private Limited.The guarantee, provided in favor of a lender, covers credit facilities of up to Rs. 752 crores. According to details released, the transactions are conducted on an arm’s length basis, and no promoters, promoter groups, or group companies have an interest in this transaction.Clean Max Sphere Energy Private Limited is a 74% subsidiary of Clean Max Enviro Energy Solutions Ltd. The company noted that the corporate guarantee represents a contingent liability. Currently, the guarantee has no impact on...

Tata Power Executes Supplementary Power Purchase Agreement for Mundra Plant Tata Power Company Limited announced the execution of a Supplementary Power Purchase Agreement (PPA) for the Tata Power Mundra Plant with GUVNL (Gujarat). The agreement will also be executed with the states of Maharashtra, Rajasthan, Punjab, and Haryana.The announcement was made on March 24, 2026.Source:

Ujjivan Small Finance Bank Reaffirms Credit Ratings with CARE Ratings Ujjivan Small Finance Bank Limited (USFB) announced that Care Ratings Ltd. has reaffirmed its ratings as part of a press release dated March 23, 2026. The reaffirmation considers the bank’s comfortable capitalization and improving scale of its loan book, supported by increasing diversification.Here's a breakdown of the reaffirmed ratings:Facilities/InstrumentsAmount (Rs. Crores)RatingRating ActionLong-term bank facilities500CARE AA-; StableRe-affirmedSubordinated non-convertible debentures500CARE AA-; StableRe-affirmedFixed Deposit10000CARE AA-; StableRe-affirmedAccording to Care Ratings, USFB’s advances rebounded to 15% in 9MFY26, led by sustained...

HDFC Bank Appoints External Law Firms to Review Director’s Resignation HDFC Bank Limited announced on March 24, 2026, the appointment of external law firms to review the resignation letter of Mr. Atanu Chakraborty, who stepped down as Part-time Chairman and Independent Director on March 18, 2026.The Board of Directors approved the appointment of the law firms at a meeting held on March 23, 2026, as a proactive measure to reinforce the bank’s governance standards. The law firms are expected to submit their report within a reasonable timeframe.According to the bank, Mr. Chakraborty did not cite any occurrences or practices that conflicted with his personal values and ethics during his tenure.Ajay Agarwal, Company Secretary and...

Phantom Digital Effects Limited Announces Resignation of Independent Director Phantom Digital Effects Limited announced the resignation of Mr. Manjit Singh Parmar (DIN: 07511020) from his position as Non-Executive Independent Director, effective March 18, 2026. Mr. Parmar’s resignation is attributed to his planned relocation abroad.As a result of his departure, Mr. Parmar has also resigned from his roles as Chairman of the Audit Committee, and as a member of the Nomination & Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee.The company expressed appreciation for Mr. Parmar’s contributions and guidance during his tenure.Details of the Resignation:Disclosure...

IRIS RegTech Solutions Announces Contract Win in Brazil for ESG Reporting Solutions IRIS RegTech Solutions Limited announced that its strategic partner in Brazil, MZ Consult - Serviços e Negócios Ltda ("MZ"), has secured a mandate from a leading Oil and Gas Company in Brazil. The mandate is for Disclosure Management and ESG Reporting solutions, with IRIS Carbon selected as the platform.The contract, a multi-year licensing agreement, is expected to be executed in Fiscal Year 2027. The transaction is described as being in the ordinary course of business for the company. The contract value remains confidential.According to a declaration provided, neither the company nor its promoters or group companies have any interest in MZ Consult -...

Bhandari Hosiery Exports Limited Announces Allotment of Shares in Rights Issue Bhandari Hosiery Exports Limited announced the allotment of 9,29,06,781 equity shares following a rights issue. The allotment was approved by the Rights Issue Committee at a meeting held on March 23, 2026.Shares were issued at a price of Rs. 2.56 per share, including a share premium of Rs. 1.56. The allotment process was finalized in consultation with the BSE Limited and the Registrar to the Issue, aligning with the Letter of Offer dated February 19, 2026.The company is set to initiate the listing process for the newly allotted shares. As a result of this allotment, the paid-up equity share capital of the company has increased from Rs. 24,00,49,652 to Rs...

Capri Global Capital Limited Approves ₹20,000 Million Debenture Shelf Capri Global Capital Limited announced March 23, 2026, that its Management Committee has approved a draft shelf prospectus for a public issue of secured, rated, listed, redeemable, non-convertible debentures. The total issue amount is capped at ₹20,000 million, to be issued in one or more tranches.The debentures will have a face value of ₹1,000 each. The draft shelf prospectus has been filed with the BSE Limited and forwarded to the Securities and Exchange Board of India. Investors can access the prospectus at http://capriloans.in/investors/draft-shelf-prospectus.Source:

Jindal Steel Limited Receives Updated ESG Score from ESG Risk Assessments & Insights Limited Jindal Steel Limited has received an updated Environmental, Social, and Governance (ESG) score of 51 from ESG Risk Assessments & Insights Limited ('ESG Risk.ai'), according to a communication received from BSE Limited on March 23, 2026. The previous ESG score was 50.The company clarified that it did not engage ESG Risk.ai for this rating or report, noting that the rating appears to have been prepared independently by the rating provider based on publicly available information. This disclosure is intended for regulatory clarity and record-keeping purposes.Damodar Mittal, Wholetime Director of Jindal Steel Limited, confirmed the update.Source:

Acme Solar Holdings Announces Commissioning of First Phase of Battery Energy Storage System Project Acme Solar Holdings Limited announced the commissioning of the first phase of a Battery Energy Storage System (BESS) project located in Jaimalsar, Bikaner, Rajasthan. The project is being executed by ACME Surya Power Private Limited, a wholly-owned subsidiary of Acme Solar Holdings Limited.The initial phase of the BESS project includes 60 MW of capacity with 269.606 MWh of storage. The overall project has a planned capacity of 250 MW and 1103.392 MWh.The commercial operation date for this first phase is scheduled for March 25, 2026.MetricValueProject Capacity (Phase I)60 MW / 269.606 MWhTotal Project Capacity250 MW /...

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...