Markets

Delhivery International Expands Economy Air Shipping to UK, Canada, and Australia BENGALURU, India – March 18, 2026 – Delhivery announced the expansion of its Economy Air Parcel Service under ‘Delhivery International’ to the United Kingdom, Canada, and Australia. This expansion follows the December 2025 launch of the service to the USA and is timed to coincide with anticipated trade agreements, including the expected India-UK Free Trade Agreement (FTA) and ongoing negotiations with Australia.The launch aims to enhance access for Indian MSMEs and enterprise exporters shipping to these key markets, particularly as the new trade agreements are expected to boost exports of goods such as apparel, handicrafts, and electronics. The service...

Paramount Communications Limited Reports Share Acquisition by Promoters Paramount Communications Limited announced on March 18, 2026, that it received disclosures from Mr. Sanjay Aggarwal, Whole Time Director & Promoter, and Mr. Sandeep Aggarwal, Managing Director & Promoter, regarding market purchases of Equity Shares of the company on March 17, 2026.Details of Share Acquisition According to disclosures received, prior to the acquisition, the acquirers (Sanjay Aggarwal and Sandeep Aggarwal, along with persons acting in concert) held 15,00,54,577 equity shares, representing 49.16% of the total share/voting capital and 49.16% of the total diluted share/voting capital of the company.Table: Acquisition DetailsDetailParamount...

Everest Industries Limited Appoints Niranjan Gokhale as Internal Auditor and Chief Risk Officer Mumbai – March 18, 2026 – Everest Industries Limited announced today the resignation of Graciano Pinto from the positions of Internal Auditor and Chief Risk Officer, effective April 7, 2026. The resignation is to allow Pinto to pursue other opportunities.To ensure continuity, the Audit Committee recommended to the Board the appointment of Niranjan Gokhale as Internal Auditor and Chief Risk Officer, effective April 8, 2026. Gokhale will assume these responsibilities in addition to his current role as Head of Strategy.Niranjan Gokhale holds an MBA from McMaster University, Canada; a Master of Science in Industrial & Systems Engineering from...

Lorenzini Apparels Limited Announces Leadership Changes and Committee Reconstructions March 18, 2026 – Lorenzini Apparels Limited announced the resignation of two Independent Directors, Yogesh Kumar and Ajay, effective March 18, 2026. Mr. Kumar cited unavoidable personal circumstances, while Mr. Ajay’s resignation was due to increased personal commitments.The company has subsequently reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee to reflect the changes in board composition. Mr. Ish Sadana, an Additional Non-Executive Independent Director, has been appointed as the Chairman/Member of each of these committees.Audit Committee Composition:NameDINDesignationPosition...

Khandwala Securities Limited Schedules Meeting of Independent Directors Khandwala Securities Limited announced it will hold a separate meeting of its Independent Directors on Tuesday, March 24, 2026, at the company's registered office. The meeting is being convened in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and the Companies Act, 2013.Key agenda items for the meeting include a review of the performance of Non-Independent Directors and the Board as a whole, as well as an assessment of the Chairperson of the Company. Additionally, the meeting will evaluate the effectiveness of information flow between company management and the Board.Khandwala Securities Limited’s BSE Scrip Code is...

Shree Refrigerations Ltd. Receives Order from Indian Navy Shree Refrigerations Limited announced on March 18, 2026, that it has received an order from the Indian Navy, Controller of Procurement, Material Organisation, Mumbai. The order is for the supply of multiple spare items for a B Class Ship.The order, valued at Rs. 2,41,22,007 (Rupees Two Crore Forty One Lakh Twenty Two Thousand and Seven Only), excluding GST, is a domestic order. The delivery timeline is set for March 18, 2027.According to the company, neither the entity awarding the order nor any related parties have any interest in Shree Refrigerations Limited. The order does not constitute a related party transaction.Name of the entity awarding the...

UltraTech Cement Announces Developments on March 18, 2026 UltraTech Cement Ltd. reported developments on March 18, 2026. Further details regarding these developments were not provided.Source:

Afcons Infrastructure Limited Sets Record Date for Commercial Paper Maturity Afcons Infrastructure Limited announced a record date of March 24, 2026, for the maturity of a commercial paper (CP) issuance. The CP, amounting to Rs. 30 Crores, was initially issued on November 14, 2025, and is listed on the National Stock Exchange of India.The commercial paper has an ISIN of INE101I14ES8 and is scheduled to mature on March 25, 2026.Sl. No.ParticularsDetails1Issue SizeRs. 30 Crores2ISININE101I14ES83Date of IssueNovember 14, 20254Date of MaturityMarch 25, 20265Record DateMarch 24, 20266Listed/ UnlistedListed on National Stock Exchange of IndiaSource:

Dhruv Consultancy Services Limited Ranked Among Top Consultants Nationwide Dhruv Consultancy Services Limited announced on March 18, 2026, that it has been ranked sixth out of 57 consultants nationwide by the National Highways Authority of India (NHAI). The ranking follows a performance evaluation and rating exercise conducted by NHAI to assess AE/IE Consultants based on transparency, quality, and continuous improvement in consultancy services. The assessment was communicated to the company via a letter dated March 17, 2026. Dhruv Consultancy Services Limited operates under Security Code 541302 and Security ID DHRUV, with ISIN INE506Z01015.Tanvi T Auti, Managing Director, confirmed the update.Source:

Infosys to Establish Subsidiary in Australia Infosys Limited announced March 18, 2026, that its wholly-owned subsidiary, Infosys Singapore Pte Ltd, has approved the incorporation of a new wholly-owned subsidiary, Infosys Enterprise Business Services Pty. Ltd., in Australia. The subsidiary will be registered under an available name in the Australian commercial register. Further details will be provided at a later date. The information will also be available on the company website at www.infosys.com.Source:

Sri Lotus Developers and Realty Limited Incorporates Wholly Owned Subsidiary Sri Lotus Developers and Realty Limited announced the incorporation of a wholly owned subsidiary company, Sri Lotus Grand Abodes Private Limited, on March 18, 2026. The new entity, based in India, has a Corporate Identification Number of U68200MH2026PTC469563.Sri Lotus Grand Abodes Private Limited was incorporated with an authorized capital of Rs. 10,00,000 and a paid-up capital of Rs. 10,00,000. The Wholly Owned Subsidiary will operate in the real estate and development/redevelopment of residential and/or commercial projects sector.The incorporation involved a cash consideration of Rs. 10,00,000, representing a 100% subscription to the equity share capital...

Mobavenue AI Tech Limited Announces Board Decisions Mobavenue AI Tech Limited (Formerly known as Lucent Industries Limited) announced several key decisions following a Board of Directors meeting held on March 18, 2026. The company approved a sub-division/split of its equity shares and alterations to its Memorandum of Association. Additionally, personnel changes were announced, including a CFO transition and appointments.The Board approved a sub-division/split of one equity share with a face value of Rs. 10 into five equity shares with a face value of Re. 2 each. This decision aims to enhance liquidity, making shares more accessible to a wider base of investors. The record date for the sub-division will be announced in due course...

ICICI Bank Schedules Board Meeting to Review Financial Results and Consider Dividend ICICI Bank Limited has announced that a meeting of its Board of Directors is scheduled for Saturday, April 18, 2026. The primary agenda for the meeting includes the review and approval of audited financial results, both standalone and consolidated, for the quarter and year ending March 31, 2026. The board will also consider a dividend recommendation for the financial year ending March 31, 2026.In compliance with regulatory guidelines, the trading window for securities of the bank will be closed for designated individuals, including directors and their immediate relatives, from April 1, 2026, to April 20, 2026, inclusive.Source:

Kallam Textiles Receives Caveat Petition in High Court of Telangana Kallam Textiles Limited announced on March 18, 2026, that it has received a caveat petition in the High Court of Telangana at Hyderabad. The petition was served by an advocate on behalf of Union Bank of India.The caveat petition, filed under Section 148-A of the Code of Civil Procedure, relates to a loan facility availed by Kallam Textiles. Union Bank of India initiated proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, including a demand notice dated September 11, 2024, possession notice dated September 12, 2025, and a sale/auction notice dated February 6, 2026. The auction is...

IOL Chemicals and Pharmaceuticals Receives Disclosure of Securities Holding Change from Promoter Group Entity IOL Chemicals and Pharmaceuticals Limited announced that it received a disclosure from Mayadevi Polycot Limited, a promoter group entity, regarding changes in securities holdings. The disclosure was made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.According to the disclosure, Mayadevi Polycot Limited held 6,32,37,010 equity shares, representing 21.54% of the company, prior to the acquisition. Following a purchase, the entity now holds 6,38,91,133 equity shares, equating to 21.76% of the company. The transaction occurred on March 17, 2026, with a value of 4,47,17,289.The...

Ahluwalia Contracts (India) Ltd. Secures Airport Development Project Worth Rs. 393.04 Crores Ahluwalia Contracts (India) Limited has been awarded a project by the Airport Authority of India (AAI) for the development of a new greenfield airport in Bundi, Kota, Rajasthan. The project, valued at Rs. 393.04 Crores (excluding GST), involves building construction and is expected to be completed within 18 months.The contract was awarded by a domestic entity, and neither the promoter group nor group companies have any interest in the awarding entity. The project does not constitute a related party transaction.DetailDescriptionAwarding EntityAirport Authority of India (AAI)Project DescriptionDevelopment of New Greenfield Airport...

Zydus Lifesciences and Torrent Pharma to Co-Market Semaglutide Injection in India Ahmedabad, March 18, 2026 – Zydus Lifesciences Limited and Torrent Pharmaceuticals Limited have entered into a licensing and supply agreement to co-market Semaglutide Injection in the Indian market.Under the agreement, Zydus will manufacture and supply the product, while Torrent Pharma has secured semi-exclusive rights to co-market the product in India under its brand name SEMBOLIC TM. Zydus will market the product under its brands SEMAGLYN TM, MASHEMA TM, and ALTERME TM. Torrent Pharma will pay an upfront licensing fee to Zydus.Zydus has developed an innovative formulation of Semaglutide Injection (15 mg/3 ml) in a prefilled cartridge administered...

IOL Chemicals and Pharmaceuticals Receives Disclosure Regarding Promoter Group Entity’s Share Acquisition IOL Chemicals and Pharmaceuticals Limited (IOLCP) announced on March 18, 2026, that it received a disclosure from NCVI Enterprises Limited, a Promoter Group entity, regarding a change in shareholding under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.According to the disclosure, NCVI Enterprises Limited acquired 700,000 equity shares of IOL Chemicals and Pharmaceuticals Limited on March 16, 2026, for a value of 4,82,20,990. This acquisition was made on the market.Following the acquisition, NCVI Enterprises Limited's total holdings in the company increased to 4,75,50,695 equity shares...

Apar Industries Limited Approves Additional Investment in Subsidiary and Associate Company March 18, 2026 – Apar Industries Limited announced that its Board of Directors approved several transactions at a meeting held today, March 18, 2026.The board authorized an additional investment of up to USD 5 million in its wholly-owned subsidiary, APAR USA LLC (formerly CEMA Wires & Cables LLC), based in the USA. APAR USA LLC reported nil turnover for FY 2024-25.Additionally, the board approved a proposed Shareholders' Agreement and Energy Supply Agreement, along with other relevant agreements, for availing wind and solar hybrid power generation facilities. This initiative involves an investment of up to Rs. 10.76 crores in the company’s...

Bajaj Consumer Care Limited Announces Resignation of Head-Internal Audit March 18, 2026 – Bajaj Consumer Care Limited announced the resignation of Harshit Shah, Head-Internal Audit, effective March 31, 2026. The company has accepted Shah’s resignation.Shah is leaving to pursue a new career opportunity. He expressed gratitude for the opportunities, confidence, and support received during his tenure and committed to ensuring a smooth handover.The following details regarding the change are provided in accordance with regulatory requirements:ParticularsDescriptionReason for changeResignation from the position of Head-Internal Audit to pursue opportunities outside the organization.Date of CessationMarch 31, 2026Brief...