Markets

Sona BLW Precision Forgings Ltd. Announces Capex Approval, Leadership Changes Sona BLW Precision Forgings Ltd. (Sona Comstar) announced several key decisions following a Board of Directors meeting held on March 20, 2026.The Board approved a capital expenditure (Capex) budget for the financial year 2026-27, allocating INR 622 million for gear capacity enhancement within the Company's Driveline Business. This expansion aims to increase gear capacity by 4.1 million units, with completion expected by financial year 2027-2028. The investment will be funded through internal accruals and/or debt. Current capacity is 64.1 million gears, with approximately 80% utilization based on nine-month data for the financial year 2025-26.The company...

Chemplast Sanmar Limited Announces Leadership Changes Chemplast Sanmar Limited announced changes to its key managerial personnel on March 20, 2026. The changes, effective March 31, 2026, include the departure of N Muralidharan as Chief Financial Officer and M Raman as Company Secretary and Compliance Officer due to a realignment of responsibilities.The company has appointed A R Balaji as Chief Financial Officer, effective April 1, 2026. Balaji holds a Post- Graduation degree in Financial Management from University of Madras and an Executive Master of Business Administration from Great Lakes Institute of Management. He previously worked with The Sanmar Group and the Archean Group, bringing approximately 40 years of experience in...

Supreme Petrochem Limited Receives ESG Rating from SES ESG Research Private Limited Supreme Petrochem Limited announced that it has received an Environmental, Social, and Governance (ESG) rating from SES ESG Research Private Limited. The rating was assigned independently by SES ESG Research Private Limited based on publicly available information regarding the company.Supreme Petrochem Limited stated that it did not engage SES ESG Research Private Limited to obtain the rating.Source:

Vikram Solar Appoints New CEO, Reassigns Existing Executive Vikram Solar Limited announced several leadership changes on March 20, 2026. The company appointed Mr. Sameer Nagpal as Chief Executive Officer, effective March 20, 2026. Mr. Nagpal brings over 30 years of experience across various industries.Mr. Krishna Kumar Maskara, currently Whole-time Director & Chief Executive Officer (Interim), has been redesignated as Whole-Time Director & Chief Operating Officer (COO), also effective March 20, 2026. His directorship and remuneration remain unchanged.The company also noted the resignation of Mr. Anil Bhadauria from the position of Executive Vice President & Head of Manufacturing Operations, effective May 31, 2026.Leadership...

Priyanka Jaju Acquires Convertible Warrants in Godavari Drugs Ltd. Godavari Drugs Limited announced that Priyanka Jaju, a promoter of the company, acquired 1,00,000 convertible warrants through a preferential issue on March 18, 2026.The acquisition was made via preferential allotment. Prior to the acquisition, Jaju held 1,85,000 shares representing 2.46% of the company's total share/voting capital. Following the acquisition of the warrants, Jaju's holding increased, with a total of 2,85,000 shares representing 1.83% of the company’s total share/voting capital and 2.28% in warrants.Godavari Drugs Limited’s total share capital stands at Rs. 7,53,05,000, divided into 75,30,500 fully paid-up equity shares of Rs. 10 each. The total...

Leo Dryfruits & Spices Enters Supply Agreement with Haldiram Mumbai, March 20, 2026: Leo Dryfruits & Spices Trading Limited announced that its subsidiary, Vandu Food Processing Private Limited (VFPPL), has entered into a Supply Agreement with Haldiram Marketing Private Limited, a leading FMCG company in India.Under the agreement, VFPPL will process and supply cashew nuts and related food products, adhering to specifications, quality standards, and instructions from Haldiram. The scope includes converting raw cashew nuts into finished products like cashew pieces and cashew powder.Key Highlights of the Agreement The partnership with Haldiram strengthens Leo Dryfruits & Spices’ position in the institutional and B2B segment. The...

Olectra Greentech Appoints Rajesh Sharma as Vice President Olectra Greentech Limited announced the appointment of Rajesh Sharma as Vice President-Sales, Marketing & Communications (Mobility Division), effective March 20, 2026.Rajesh Sharma brings over three decades of experience in the automotive and engineering sectors, with more than seven years focused on the Electric Vehicle (EV) industry. Prior to joining Olectra Greentech, he held senior leadership roles at QUCEV Technology Private Limited, Switch Mobility Automotive Limited, Pinnacle Industries Limited, and Neuton Auto. His experience includes driving sales and marketing strategies for electric trucks, buses, and light commercial vehicles. Sharma holds a Bachelor of Mechanical...

FDC Ltd. Restructures Board Committees and Appoints New Chairman FDC Limited announced changes to the composition of its Board Committees, effective April 1, 2026. The adjustments affect the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee.Audit Committee CompositionThe Audit Committee now comprises CA Vijay Maniar as Chairperson, alongside Mr. Mohan A. Chandavarkar, CA Vijay N Bhatt, and CA Kishore M. Saletore as members.Nomination and Remuneration Committee CompositionThe Nomination and Remuneration Committee features Dr. Mahesh Bijlani as Chairperson, with CA Vijay Maniar and CA Vijay N Bhatt serving as members.Corporate Social Responsibility Committee CompositionThe...

Kiri Industries Limited Completes DyStar Matter, Announces Strategic Shift and Copper/Fertilizer Investments Kiri Industries Limited announced the successful resolution of the dispute regarding its investment in DyStar, following a final order from the Singapore Court. The company received proceeds of USD 689 million, approximately INR 6200 crore, materially strengthening the balance sheet.With the DyStar matter concluded, Kiri Industries is entering a new strategic phase focused on long-term growth through diversification into copper and fertilizer manufacturing while strengthening its specialty chemicals platform.Established in 1998 and headquartered in Gujarat, Kiri Industries Limited is a leading manufacturer and exporter of...

Godavari Drugs Ltd. Promoter Acquires Convertible Warrants Godavari Drugs Limited announced that Sushma Kakani, a promoter of the company, has acquired 4,23,000 convertible warrants through a preferential issue on March 18, 2026.According to a regulatory filing, Kakani’s acquisition of the warrants increases their holdings. Prior to the acquisition, Kakani held 11,55,000 shares representing 15.34% of the company's total share capital and 15.31% of the diluted share capital.Following the acquisition of 4,23,000 warrants, Kakani’s total holdings now stand at 15,78,000, which translates to 11.40% and 12.04% of the total and diluted share capital respectively.Godavari Drugs Limited has an equity share capital of Rs. 7,53,05,000...

Tanushree Kakani Acquires Convertible Warrants in Godavari Drugs Ltd. Godavari Drugs Limited announced that Tanushree Kakani, a promoter of the company, acquired 1,38,000 convertible warrants through a preferential issue on March 18, 2026.According to a filing, prior to the acquisition, Kakani held 1,40,000 shares. The acquisition was made through preferential allotment.The total share capital of Godavari Drugs Limited before the acquisition was Rs. 7,53,05,000, divided into 75,30,500 fully paid-up equity shares of Rs. 10 each. Following the acquisition, the equity share capital is Rs. 10,12,74,350 divided into 1,01,27,435 equity shares of Rs. 10 each.Details of Acquisition: The following table summarizes the changes in holdings...

LKP Finance Ltd. Receives Approval for Certificate of Registration Cancellation LKP Finance Ltd. announced on March 20, 2026, that it has received approval from the Reserve Bank of India (RBI) to voluntarily cancel its Certificate of Registration (CoR). The RBI issued a letter confirming the cancellation on the same date.As a result of this action, LKP Finance Ltd. will no longer operate as a Non-Banking Financial Company (NBFC). The company stated it will concentrate its operations on its rewards and loyalties program business. Management indicated that this change is not anticipated to significantly affect the company’s overall operations.Source:

Pulsar International Ltd. Expands Operations into Artificial Intelligence for Farming Solutions Pulsar International Ltd. announced on March 20, 2026, a strategic expansion into Artificial Intelligence (AI) technologies, focusing on enhancing its "Smart Agri Solution" vertical. The company has entered into an agreement with Kology Ventures Private Ltd. to upgrade its existing software with advanced AI-enabled functionalities.The upgraded Smart Agri Solution platform incorporates features such as predictive analytics, smart weather intelligence, AI-based crop health and disease detection, smart irrigation advisory, and an AI-powered virtual assistant. The platform also includes market intelligence and price forecasting capabilities, a...

Magellanic Cloud Subsidiary Secures $4.70 Million Order Magellanic Cloud Limited announced that its step-down subsidiary, Motivity Labs Inc. (USA), has secured multiple Purchase Orders from a leading multinational company. The combined contract value totals approximately USD 4.70 million, equivalent to roughly INR 39 crores.The scope of work for the engagements includes advanced data engineering, analytics, infrastructure support, and program management services. These orders are expected to be executed over the calendar year 2026 and will contribute to the company’s revenue visibility and growth momentum.According to a filing, the order win reinforces Magellanic Cloud’s strong positioning in the global technology and data...

Paul Excursions LLP Acquires 9.96% Stake in Paul Merchants Limited Paul Excursions LLP has acquired 307,065 equity shares, representing 9.96% of the total share capital, of Paul Merchants Limited. The acquisition occurred on March 18, 2026, and involved a transfer of shares from Paul Excursions Private Limited (PEPL) following a succession on conversion of PEPL into Paul Excursions LLP.This transaction is exempt from an open offer requirement under Regulation 10(1Xg) of the SEBI (Substantial Acquisition and Takeover) Regulations, 2011. No prior disclosure under Regulation 10(5) was required.Prior to the acquisition, Paul Excursions Private Limited held 3,07,065 shares, representing 9.96% of Paul Merchants Limited. Following the...

Rahul Timbadia Acquires 17,000 Shares in La Tim Metal & Industries Ltd. Rahul Maganlal Timbadia, a promoter of La Tim Metal & Industries Limited, has acquired 17,000 equity shares of the company on March 20, 2026, according to a regulatory filing. The acquisition was made through open market transactions.Prior to the acquisition, Timbadia held 1,17,13,550 shares, representing 8.84% of the company's total share/voting capital and 8.84% of its total diluted share/voting capital. Following the purchase, Timbadia’s holding increased to 1,17,30,550 shares, representing 8.86% of the total share/voting capital.La Tim Metal & Industries Limited has a share capital of 13,06,30,626 equity shares of Rs. 1/- each and 18,40,824 equity shares of...

Godavari Drugs Ltd. Promoter Acquires Convertible Warrants Godavari Drugs Limited announced that Promoter Jeshir Jaju acquired 200,000 convertible warrants through a preferential issue on March 18, 2026.According to a regulatory filing, Jaju’s acquisition occurred via preferential allotment. Prior to the acquisition, Jaju’s holding included 200,000 convertible warrants. Following the acquisition, the holding remains at 200,000.The company's total share capital before the acquisition was Rs. 75,305,000 divided into 75,30,500 equity shares of Rs. 10 each. Following the acquisition, the equity share capital stands at Rs. 10,12,74,350 divided into 1,01,27,430 equity shares of Rs. 10 each. The total diluted share/voting capital after the...

Godavari Drugs Ltd. Promoter Acquires Convertible Warrants Godavari Drugs Limited announced that Aksheit Kakani, a Promoter of the Company, has acquired 150,000 Convertible Warrants through a preferential issue on March 18, 2026.According to a filing, prior to the acquisition, Kakani held 326,000 shares representing 4.33% of the company’s total share capital. After acquiring the warrants, Kakani’s total holdings now include 476,000 warrants, representing 3.22% of the company’s share capital.The preferential allotment involved 150,000 warrants, valued at Rs. 7,53,05,000 divided into 75,30,500 fully paid-up equity shares of Rs. 10 each.The company's equity share capital prior to the acquisition was Rs. 10,12,74,350, divided into...

Jayshreeben Ajitbhai Mehta Sells Shares in AvenuesAI Limited Amijyot, Parimal Society, Ellisbridge, Ahmedabad – Jayshreeben Ajitbhai Mehta, a promoter of AvenuesAI Limited, sold 6,02,29,500 (1.72%) equity shares of the company on March 18, 2026, through an off-market inter se transfer. Mr. Ajit Champaklal Mehta, also a promoter, participated in the sale. Infinium Motors Private Limited acquired the shares.Prior to the sale, Ms. Mehta and Mr. Mehta held 95,40,10,982 equity shares, representing 27.29% of the total share/voting capital and 26.95% of the total diluted share/voting capital. Following the sale, their holdings remain at 95,40,10,982 equity shares, maintaining the same percentages.Infinium Motors Private Limited held...

Bandhan Bank Holds Meetings with Institutional Investors Bandhan Bank Limited hosted a series of meetings with analysts and institutional investors on Friday, March 20, 2026. The meetings were held virtually.The bank engaged with several investment firms, including Carnelian Asset Management & Advisors Pvt Ltd, HDFC Asset Management Company Ltd, ICICI Pru Life Insurance, Mahindra Manulife Investment Management Pvt. Ltd., Nippon Indian Mutual Fund Ltd, Premji Investments, SBI Mutual Fund, Tata Asset Management Pvt Ltd, and White Oak Capital.Below is a table summarizing the details of the meetings:Event NameMeeting with InvestorsDateFriday, March 20, 2026PlaceVirtualInstitution NameCarnelian Asset Management & Advisors...