Markets

Paradeep Phosphates Limited Appoints Marco Wadia as Additional Director Paradeep Phosphates Limited announced the appointment of Marco Philippus Ardeshir Wadia as an Additional Director, categorized as an Independent Director, effective March 18, 2026. The appointment is for a term of five years, pending approval from the company’s shareholders at a general meeting.Mr. Wadia’s appointment was approved at a board meeting held on March 18, 2026, which commenced at 4:30 P.M. (IST) and concluded at 5:30 P.M. (IST).Mr. Wadia, born January 30, 1956, holds a Bachelor of Arts (Hons.) and Bachelor of Laws (LL.B.) degree from the University of Mumbai. He is enrolled as an Advocate with the Bar Council of India and has extensive experience in...

Deepak Fertilizers and Petrochemicals Corporation Limited Transfers Shares to Transferees, Implements Lock-in Period Deepak Fertilizers and Petrochemicals Corporation Limited announced the transfer of equity shares to Mr. Mihir Mukeshchandra Shah, Mr. Mukesh Vinod Chandra Shah, and Ms. Bhavana Mukesh Shah (Transferees) following a request received jointly by the individuals. The transfer was facilitated after a 30-day period with no legitimate claims received.An entitlement letter has been issued to the Transferees, allowing them to claim dividends and shares previously transferred to the Investor Education and Protection Fund (IEPF).As per SEBI Circular SEBI/HO/MIRSD/DOS3/CIR/P/2018/139 dated November 6, 2018, the released shares...

Zydus Wellness Limited Executive Acquires Shares Zydus Wellness Limited announced that Rinesh Gajjar, a Designated Person, acquired 1,500 equity shares in the company on March 12 and March 13, 2026. The acquisition occurred on the open market through the National Stock Exchange (NSE).According to a filing, Gajjar held 0.00% of the company’s equity prior to the acquisition. Following the purchase, his holdings remain at 0.00%. The total value of the acquired shares amounted to ₹6,04,443.15.Gajjar’s acquisition was reported to Zydus Wellness Limited on March 16, 2026. He did not engage in any trading of derivatives related to the company.Source:

Dishman Carbogen Amcis Ltd. Approves Issuance of Debentures Up to ₹150 Crores Ahmedabad – March 18, 2026 – Dishman Carbogen Amcis Ltd. announced today that its Board of Directors has approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Transferable, Taxable Non-Convertible Debentures (NCDs) aggregating up to ₹150 crores.The board approved two separate issuances: up to ₹100 crores and up to an additional ₹50 crores.The first issuance involves up to 10,000 NCDs with a face value of ₹1,00,000 each, totaling up to ₹100,00,00,000. A second tranche will involve up to 5,000 NCDs with a face value of ₹1,00,000 each, aggregating up to ₹50,00,00,000, with a base issue of 3,500 NCDs and a green shoe option of 1,500 NCDs.The...

Riddhi Portfolio to Acquire Shares from Ramkrishna Forgings Promoter Riddhi Portfolio Private Limited, a promoter of Ramkrishna Forgings Limited, plans to acquire up to 19,00,000 equity shares from Mr. Naresh Jalan, the Promoter & Managing Director of Ramkrishna Forgings Limited. The transaction, expected to occur within four working days from March 18, 2026, is structured as an inter-se transfer among promoters and is exempt under Regulation 10 (1)(a) (ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The acquisition price will not exceed the limit stipulated by the aforementioned regulation. The total shares to be acquired represent up to 1.05% of the company’s total share capital on a non-diluted...

Manappuram Finance Receives Final RBI Approval for Change of Control and Management Manappuram Finance Limited announced on March 18, 2026, that it has received final approval from the Reserve Bank of India (RBI) regarding the indirect change of control and management of its subsidiaries, Asirvad Micro Finance Limited (AMFL) and Manappuram Home Finance Limited (MHFL). This approval is linked to the proposed acquisition of up to 41.66% of the company's paid-up equity capital by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, and the consequent mandatory open offer to public shareholders.The RBI has waived a 30-day public notice period for AMFL and MHFL. The approval is subject to conditions previously disclosed by...

InterGlobe Aviation Limited Receives Letter of Intent for Land Acquisition in Gurugram March 18, 2026 – InterGlobe Aviation Limited, the parent company of IndiGo, announced it has received a Letter of Intent from Haryana Shehri Vikas Pradhikaran (HSVP) for the acquisition of land in Sector 29, Gurugram, Haryana.The land, measuring 18049.18 square meters, will be used to consolidate multiple offices into a single campus and fulfill the company's long-term infrastructure needs. The acquisition is subject to completion of applicable terms and conditions and issuance of an allotment letter upon payment of the balance purchase consideration.According to the Letter of Intent, the acquisition does not involve any special rights...

Tamilnad Mercantile Bank Faces Income Tax Demand of Rs. 204.23 Crore Tamilnad Mercantile Bank Limited (TMB) announced that the Assessment Unit of the Income Tax Department issued a demand notice on March 18, 2026. The notice, dated March 17, 2026, details a demand of Rs. 2,04,23,11,454 (Rupees Two Hundred Four Crore Twenty-Three Lakh Eleven Thousand Four Hundred Fifty-Four Only).The demand stems from a disallowance of a claim under Section 36(1)(viia) of the Income Tax Act, 1961, for the Assessment Year 2013-14. The action was taken under Section 156 of the Income Tax Act, 1961, and sections 147 and 254 read with section 144B.According to the company, the demand notice would not have a material impact on the bank’s financial...

Physicswallah Limited Receives Income Tax Assessment Order, Faces ₹263.34 Crore Demand Physicswallah Limited announced today that it received an assessment order and demand notice dated March 16, 2026, under Section 143(3) of the Income-tax Act, 1961.According to the notice from the Assessment Unit of the Income Tax Department, investments received during Assessment Year 2023-24 from investors, including SEBI-registered Category II AIF, have been treated as taxable income. This has resulted in a tax demand of ₹263.34 crore.The company stated that this Demand Notice is not expected to have a material impact on its financial position, operations, or business activities. Physicswallah Limited plans to file an appeal before the...

Nazara to Acquire Controlling Stake in Social Gaming Platform Bluetile and BestPlay for USD 100.3 Million Positions Nazara at the forefront of AI-driven gaming through an integrated content, engagement and distribution platformMumbai, India – March 18, 2026 – Nazara Technologies Limited (BSE: 543280 | NSE: NAZARA) announced that its wholly owned subsidiary, Nazara Technologies UK Limited ('Nazara UK'), has signed definitive agreements to acquire a 50% controlling stake in Bluetile Games S.L. (formerly known as Playvalve S.L.) and BestPlay Systems S.L. for a consideration of USD 100.3 million (INR ~918 crores).Business OverviewBluetile operates a portfolio of globally popular casual, social mobile games including Yatzy, Domino...

Aditya Birla Lifestyle Brands Limited Receives Tax Orders Aditya Birla Lifestyle Brands Limited (ABLBL) announced today, March 18, 2026, that the Office of Superintendent of Central Tax, Range-AED5, East Division-5 Bangalore-East Commissionerate has issued multiple orders dated March 17, 2026.The orders, related to the business that was demerged from Aditya Birla Fashion and Retail Limited (ABFRL) as of May 1, 2025, involve demands for tax, interest, and penalty.Here’s a summary of the orders:ParticularsDetailsDetailsDetailsDetailsDetailsTax₹ 16,48,626₹ 14,28,059₹ 18,41,608InterestNot quantifiedNot quantifiedNot quantifiedPenalty₹ 16,48,626₹ 14,28,059₹ 18,41,608Total Demand₹ 32,97,252₹ 28,56,118₹ 36,83,216Date...

South Indian Bank Revises Marginal Cost of Funds Based Lending Rates South Indian Bank Ltd. announced changes to its Marginal Cost of Funds Based Lending Rates (MCLR) effective March 20, 2026. The revisions, detailed below, apply to multiple tenors.The overnight MCLR has been set at 8.00%, while the one-month MCLR is at 8.45%. The three-month MCLR is 9.40%, the six-month MCLR is 9.45%, and the one-year MCLR is 9.50%.The revised rates are available on the bank's website at www.southindianbank.bank.in.TenorMCLROvernight MCLR8.00%One-month MCLR8.45%Three-month MCLR9.40%Six month MCLR9.45%One year MCLR9.50%Source:

Indo Count Industries Limited Concludes GST Inspection, Rectifies Discrepancies Indo Count Industries Limited announced the conclusion of a GST inspection conducted by the Maharashtra State GST Department at the company’s premises on Tuesday, March 17, 2026. The inspection, which began earlier in March, was initiated under Section 67 of the Maharashtra Goods and Services Tax Act, 2017.According to a filing, Indo Count Industries has proactively addressed certain discrepancies by agreeing to pay Integrated Goods and Services Tax (IGST) for the period from April 1, 2020, to the present. This payment is subject to restitution and restoration.The company stated that the inspection is not expected to have a material impact on its...

Waaree Energies Ltd. Transfers Shares to Educational Institution Waaree Energies Ltd. announced the transfer of shares to Shri Mahavira Jaina Vidyalaya (SMJV) on March 17, 2026, as part of a philanthropic initiative by the Promoter Group. Mr. Chimanlal Tribhovandas Doshi, a member of the Promoter Group, transferred 90,000 equity shares to SMJV, representing 0.031% of the company’s total paid-up equity share capital.The transfer is intended to support charitable initiatives and educational purposes. This action follows a previous communication on October 6, 2025, regarding the Promoter Family's intention to donate 1% of the company's equity share capital for charitable causes.Additional information is available on the company's...

Navkar Corporation Limited Receives Income Tax Assessment Order and SCN Navkar Corporation Limited announced today, March 18, 2026, that it received an Assessment Order and a Show Cause Notice (SCN) from the Income Tax Department. The order pertains to the Assessment Year 2024-25 and was received via email at 06:36 AM.The assessment order, issued on March 16, 2026, includes an addition of Rs. 44,051/- related to interest income. Additionally, the company received an SCN regarding a potential penalty linked to the adjustments made in the assessment order.According to the company, the assessment and potential penalty are not expected to have a material impact on its financial performance, operations, or other activities.Details of...

IKS Health Wins Three Top Honors in Black Book’s 2026 AI-Driven RCM, Medical Coding, and Clinical Documentation & AI Services Categories Mumbai, India | Dallas, TX - March 18, 2026 - IKS Health, a global leader in care enablement solutions, has been recognized with three 2026 Black Book Research awards: AI-driven revenue cycle management (RCM) for a second year, medical coding for the fourth year in a row, and clinical documentation and AI services for 13 straight years.According to Black Book Research, continued market growth is anticipated across all three segments, driven by a broader shift toward outcomes-based contracting, integrated service delivery, and enterprise-grade accountability. 35% to 55% of surveyed providers expect to...

Minda Corporation Ltd. Redeems Commercial Paper of ₹100 Crores Minda Corporation Limited announced the redemption of commercial paper totaling ₹100 crores (ISIN INE842C14198) on March 18, 2026. The commercial paper was initially issued on December 22, 2025. The company confirmed the redemption in accordance with SEBI circular Number. SEBI/HO/DDHS/P/CIR/2021/613 dated April 13, 2022.Source:

Times Green Energy (India) Ltd. Sets Record Date for Bonus Share Issue Times Green Energy (India) Ltd. has announced March 24, 2026, as the record date for a bonus share issue. The company will issue 1 new fully paid-up equity share for every 1 existing fully paid-up equity share held. The bonus share initiative was approved by the company's shareholders.The Scrip Code for Times Green Energy (India) Ltd. on the BSE Limited is 543310.Source:

CWD Ltd. Receives Purchase Order Worth Rs. 45.24 Crores CWD Ltd. announced today, March 18, 2026, that it has received a purchase order valued at Rs. 45.24 Crores. The order was placed by a Fintech Company based in India.The purchase order is for the supply of Communication products and is expected to be executed within 3 months. The value of the order is Rs. 45.24 Crores plus applicable taxes.According to details released by the company, neither the awarding entity’s name nor the specific terms and conditions of the contract are being disclosed due to competitive reasons.The company confirmed that neither the awarding entity is a domestic or international entity, nor do any promoters, promoter groups, or group companies have an...

DCX Systems Limited Receives New Purchase Orders Worth INR 12.81 Crores DCX Systems Limited announced today, March 18, 2026, that it has received purchase orders totaling approximately INR 12.81 Crores from both domestic and international customers. The orders are for the manufacture and supply of Cable and Wire Harness Assemblies.The company detailed the order information as follows:Sl. No.Nature of Order(s)Name of the CustomerOrder Value1Manufacture and supply of Cable and Wire Harness AssembliesDomestic & International CustomersINR 12.81 CroresThe purchase orders were received in the normal course of business.Source: