Markets

Samvardhana Motherson International Limited Announces Dissolution of Subsidiary March 20, 2026 – Samvardhana Motherson International Limited announced the dissolution of its indirect wholly-owned subsidiary, SMR Real Estate Deutschland B.V. & Co. KG ('SMR Real Estate'), based in Germany. The dissolution was confirmed by the Commercial Register on March 17, 2026, following an application submitted by SMR Real Estate.SMR Real Estate was not carrying out any business operations. As a result, the turnover or revenue or income and net worth contributions of SMR Real Estate were Nil during the last financial year.The dissolution does not involve any sale or disposal, and therefore details related to agreements, completion dates...

Aditya Kumar Halwasiya Acquires 800,000 Shares of Cupid Limited Cupid Limited, a manufacturer and exporter of male condoms, female condoms, water-based lubricants, and In Vitro Diagnostics (IVD) kits, announced that it received a disclosure from Mr. Aditya Kumar Halwasiya, a promoter and the Chairman and Managing Director of the company, regarding the acquisition of shares.According to the disclosure, Mr. Halwasiya acquired 800,000 equity shares in an open market transaction on March 20, 2026. This acquisition increased his holding to 442,445,475 shares, representing 32.90% of the total share/voting capital and 32.84% of the total diluted share/voting capital of Cupid Limited.Prior to the acquisition, Mr. Halwasiya held 441,645,475...

Setco Automotive Subsidiary Receives Consent for Investor IRR Waiver Setco Automotive Limited announced on March 20, 2026, that its material subsidiary, Setco Auto Systems Private Limited (SASPL), has secured consent for a waiver of accrued Investor Internal Rate of Return (IRR). The waiver, approved at a board meeting held on March 20, 2026, pertains to an IRR of 18% per annum, amounting to ₹75.50 crore for the Financial Year 2025-26.This waiver applies to Non-Convertible Debentures issued by SASPL under Debenture Trust Deeds dated August 31, 2021, and July 19, 2024. Vistra ITCL (India) Limited is acting as the Debenture Trustee.The approval and consent were obtained in accordance with the terms of the Debenture Trust Deeds and...

UGRO Capital Limited Allots Commercial Papers UGRO Capital Limited announced the allotment of commercial papers on March 20, 2026, according to a filing. The Investment and Borrowing Committee of the Board of Directors approved the issuance.The commercial papers are proposed to be listed and have a tenure of 90 days, with a redemption date of June 18, 2026. Each security has a face value of ₹5,00,000/- and was issued at a price of ₹4,89,145/-. The total issue value is ₹14,67,43,500/-.Details of the commercial paper issuance are presented below:Description of the SecurityCommercial PapersListed/UnlistedProposed to be listedAllotment Date20 th March 2026Redemption Date18 th June 2026Tenure of the security90 daysFace...

Asian Hotels (North) Limited Receives Approval for Listing of Preferentially Allotted Shares Asian Hotels (North) Limited received trading approval from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for 23,180,000 equity shares issued on a preferential basis. The shares, with a face value of Rs. 10 each, were issued at a premium of Rs. 320, bearing distinctive numbers from 49453230 to 72633229.Trading of these shares commenced on March 23, 2026, on both the BSE and NSE.According to the NSE, the lock-in period for these shares is up to March 30, 2027.A table detailing the security description, number of securities, and distinctive numbers is provided below:Sr. No.Security...

Thomas Cook (India) Limited Approves Loan Conversion, Appoints New Executives Thomas Cook (India) Limited announced several key decisions following a board meeting held on March 20, 2026. The company granted in-principal approval for the conversion of an inter-company loan to Thomas Cook Lanka (Private) Limited, a wholly-owned subsidiary, into Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS). The conversion will be executed in one or more tranches, with a subcommittee delegated authority for the process.Additionally, the board appointed Deepesh Varma as Chief Business Officer - Foreign Exchange, effective April 1, 2026. He will also serve as a Senior Management Personnel (SMP). Mr. Varma, who has been with the...

Park Medi World Limited Completes Acquisition of SVPD Healthcare Private Limited Park Medi World Limited announced the successful completion of its acquisition of SVPD Healthcare Private Limited on March 20, 2026. This acquisition marks a significant step in the company's ongoing efforts to acquire KP Institute of Medical Sciences in Agra.As previously disclosed on December 19, 2025, January 30, 2026, and February 26, 2026, Park Medi World Limited is acquiring KP Institute of Medical Sciences through the acquisition of 100% stake in K P S Wellness Private Limited and SVPD Healthcare Private Limited. The acquisition of 100% stake in K P S Wellness Private Limited was completed on January 30, 2026.With the completion of the...

Aditya Infotech Limited Announces Share Acquisition via Family Arrangement Aditya Infotech Limited announced on March 20, 2026, a proposed acquisition of shares pursuant to a private family arrangement among promoters and their immediate relatives. The transaction involves the transfer of 1,60,43,999 equity shares held by Aditya Khemka.The acquirers in this transaction are Aditya Khemka Business Family Trust, Mr. Ananmay Khemka, Mr. Advay Khemka, and Ms. Shradha Khemka. The Aditya Khemka Business Family Trust will acquire 97,18,242 shares, while Mr. Ananmay Khemka will acquire 4,35,853 shares, Mr. Advay Khemka will acquire 11,77,981 shares, and Ms. Shradha Khemka will acquire 47,11,923 shares.The total acquisition represents 13.62%...

Cholamandalam Investment and Finance Company Limited Allots Secured Non-Convertible Securities Cholamandalam Investment and Finance Company Limited announced the allotment of secured non-convertible securities through a private placement on the NSE EBP platform. The company issued 200,000 securities with an aggregate amount of 2000 crore, including a green shoe option of 1000 crore.The securities, listed on the Wholesale Debt Market Segment of the National Stock Exchange, carry a coupon rate of 7.94% and a tenure of 3 years, maturing on March 20, 2029. Coupon payments will be made annually on March 20 and on the maturity date. The securities are secured at 1x.ParticularsValueType of SecuritySecured Non-Convertible Securities...

Western Carriers (India) Ltd. Reports Share Acquisitions by Promoter Rajendra Sethia Kolkata – Western Carriers (India) Limited announced that Rajendra Sethia, Promoter, Chairman, and Managing Director, acquired a total of 20,000 equity shares through open market purchases between March 19, 2026, and March 20, 2026.According to filings, Sethia acquired 10,135 shares on March 19, 2026, and an additional 9,865 shares on March 20, 2026. These acquisitions represent 0.010% of the company’s total issued and paid-up share capital.Prior to the acquisitions, Sethia held 7,41,71,020 shares, representing 72.748% of the total share capital. Following the purchases, his holding increased to 7,41,91,020 shares, representing 72.768% of the total...

Sanginita Chemicals Limited Announces Open Offer for Acquisition of Shares Sanginita Chemicals Limited announced on March 20, 2026, an open offer to acquire 1,56,89,957 fully paid-up equity shares, representing 26% of the Emerging Fully Diluted Voting Equity Share Capital, from public shareholders. The offer is made by B N G Investment LLC (Acquirer 1) and Mr. Anubhav Agarwal (Acquirer 2) at a price of Rs. 13.55 per equity share.The open offer is a consequence of a Share Swap and Share Purchase Agreement ("SSSPA") executed on March 20, 2026, amongst Sanginita Industries LLP, Dineshsinh Bhimsinh Chavada, Vijaysinh Dineshsinh Chavada, Hansaben Dineshsinh Chavada, Anita Ravindrasinh Aswar, B N G Investment LLC, and Mr. Anubhav Agarwal...

Deepak Fertilizers and Petrochemicals Corporation Limited Invests in Wind-Solar Hybrid Power Project Deepak Fertilizers and Petrochemicals Corporation Limited announced on March 20, 2026, an agreement with First Energy 11 Private Limited (First Energy) and First Energy Private Limited (FEPL) to invest in a Wind-Solar Hybrid Power Captive Consumption project. The company will invest Rs. 5,00,00,000 for a minimum 26% stake in First Energy, along with other captive users.The investment will provide long-term access to renewable Wind-Solar Hybrid power through captive consumption, which is expected to improve cost efficiencies and support sustainability goals by increasing the company’s share of renewable energy usage and reducing its...

Union Bank of India Raises ₹7,500 Crore Through Long-Term Bond Issue Union Bank of India successfully raised ₹7,500 crore through the issuance of Long-Term Bonds, earmarked for infrastructure and affordable housing financing. The bond issue, offered on a private placement basis to Qualified Institutional Buyers, garnered significant investor interest, with bids totaling ₹9,379.82 crore.The offering was oversubscribed by 3.12 times against the base issue size of ₹3,000 crore. The bank accepted bids amounting to ₹3,000 crore at a coupon rate of 7.16% per annum.Key details of the bond issuance are outlined below:Sl NoParticularsDetails1Issue TypeSenior, rated, listed, unsecured, redeemable, taxable, transferable Long Term fully...

Sanginita Chemicals Limited Enters Share Swap and Share Purchase Agreement with Agastya Green Energy Limited and Others Sanginita Chemicals Limited announced on March 20, 2026, that it has entered into a Share Swap and Share Purchase Agreement ("SSSPA") with Agastya Green Energy Limited ("AGEL"), B N G Investment LLC ("Acquirer 1"), and Mr. Anubhav Agarwal ("Acquirer 2"). The agreement involves the acquisition of AGEL, the allotment of fresh equity shares to Acquirer 1 for a cash consideration, and the purchase of the entire stake of the Existing Promoters and Promoter Group of the Company by the Acquirers.Pursuant to the SSSPA, the Company will swap equity instruments of AGEL with Acquirer 1 and allot fresh equity shares to Acquirer...

Endurance Technologies Limited Reports Insider Trading Violation Pune, March 20, 2026 – Endurance Technologies Limited announced a violation of its Code of Conduct for prevention of Insider Trading, as detailed in a report submitted on March 20, 2026. The violation pertains to transactions made by Designated Person Mr. Prajod Parameswaran Ayyappath, Head - R&D Transmission.According to the report, Mr. Ayyappath purchased two shares of Endurance Technologies Limited for a total of Rs. 5,484.60 on September 25, 2025, and subsequently sold two shares for Rs. 4,939.20 on March 10, 2026. This constituted a contra-trade within a six-month period, violating the company's Code of Conduct.The company has taken action based on its Code of...

Hindustan Media Ventures Ltd. Invests Up to ₹9.34 Crore in KSKT Agromart Private Limited Hindustan Media Ventures Limited announced on March 20, 2026, that it has entered into an agreement to invest up to ₹9.34 crore in KSKT Agromart Private Limited by subscribing to equity shares or convertible equity linked instruments.KSKT Agromart Private Limited, incorporated in Mumbai, operates the ‘Kaze Living’ marketplace, which delivers healthier food alternatives. The company’s turnover for the past three fiscal years has been as follows:Fiscal YearTurnover (₹ Crore)2024-2512.992023-245.452022-231.17The investment is being made with the objective of capital return and to leverage media assets owned by Hindustan Media...

DOMS Industries Establishes DOMS Foundation DOMS Industries Ltd. announced the incorporation of a Section 8 company, DOMS FOUNDATION, on March 19, 2026. The new entity will focus on corporate social responsibility (CSR) activities for the DOMS Group, aligning with Section 135 of The Companies Act, 2013 and related regulations.DOMS Industries Limited is the holding company and listed entity for DOMS FOUNDATION. The foundation is structured as a company limited by guarantee and will act as an implementing agency for CSR initiatives.The DOMS Group maintains an 80% controlling interest in DOMS FOUNDATION, with the remaining 20% held by subsidiaries and an associate company.Below is a summary of key details regarding the newly...

Dalmia Bharat Limited Acquires 26% Stake in Ventora Energy Private Limited Dalmia Cement (Bharat) Limited, a wholly-owned subsidiary of Dalmia Bharat Limited, has entered into agreements to acquire a 26% stake in Ventora Energy Private Limited, an SPV of Ultra Mega Power Private Limited. The acquisition, finalized on March 20, 2026, involves a cash consideration of Rs. 4.42 crore.The acquisition is intended to enhance Dalmia Bharat’s renewable power supply and support the group’s commitment to RE 100 by 2030 and a carbon-negative status by 2040. The wind power acquired will qualify as captive consumer under the Electricity Act/ Rules.The acquisition is subject to customary conditions precedent and is expected to be completed within...

Vikram Solar Appoints Sameer Nagpal as Chief Executive Officer Kolkata, March 20, 2026: Vikram Solar Limited, a leading integrated solar manufacturing and energy solutions provider in India, announced the appointment of Sameer Nagpal as its Chief Executive Officer (CEO), effective immediately.Sameer Nagpal brings over three decades of leadership experience across diverse industries, including Livguard Energy Technologies, Dalmia Bharat Group, Shalimar Paints, Ingersoll Rand, Zicom, and Carrier Air Conditioning. His appointment is intended to drive transformation, accelerate growth, and deliver value creation as Vikram Solar advances its strategic vision.The company has outlined a growth roadmap targeting 15.5 GW of module...

Thomas Cook (India) Limited Announces Composite Scheme of Arrangement Thomas Cook (India) Limited (TCIL) announced a composite scheme of arrangement involving its subsidiaries TC Visa Services (India) Limited (TCVSL), Jardin Travel Solutions Limited (JTSL), and Borderless Travel Services Limited (BTSL) and Sterling Holiday Resorts Limited (SHRL). The scheme, recommended by the Independent Directors Committee and the Audit Committee, includes a demerger of TCIL's Resorts and Resort Management Undertaking into SHRL, a consolidation of TCIL’s share capital, the merger of TCVSL, JTSL, and BTSL with TCIL, and a reduction of TCIL’s share capital.The turnover of the Demerged Undertaking for the year ended December 31, 2025, was INR 70...