Markets

Sumeet Industries Announces ₹23.47 Cr Acquisition to Strengthen Polyester Chips Capacity Surat, March 18, 2026 – Sumeet Industries Limited (NSE: SUMEETINDS, BSE: 514211), a leading integrated polyester manufacturer, announced that it has been declared the successful bidder (H1 Bidder) for the acquisition of assets at the Phase-3: Chips Manufacturing Plant of Nakoda Limited under the Corporate Insolvency Resolution Process.The company’s Board of Directors unanimously approved a Letter of Intent dated March 11, 2026, confirming the acquisition under a slump sale. Nakoda Limited, based in Surat, was engaged in the manufacturing of Polyester Chips. The acquisition includes land and building measuring approximately 11,534 square meters...

Bluegod Entertainment Extends Rights Issue Closing Date Bluegod Entertainment Limited has extended the closing date for its rights issue to Friday, March 20, 2026. The rights issue initially opened on Thursday, March 12, 2026, and was previously scheduled to close on Thursday, March 19, 2026.The extension, approved by the Rights Issue Committee on Wednesday, March 18, 2026, aims to provide shareholders with additional time to exercise their rights in the offering. The deadline for submitting completed application forms (CAF) along with payment is now Friday, March 20, 2026.The terms of the Letter of Offer (LOF) and CAF, originally dated Saturday, February 28, 2026, remain unchanged, with the exception of the adjusted issue closing...

Kalind Ltd. Announces Resignation of Independent Director Kalind Ltd. announced on March 18, 2026, that Gaurav Luthra (DIN: 08023492) has resigned from his position as Independent Director, effective March 17, 2026. Luthra cited personal and professional considerations for his departure. Consequently, he has relinquished his role as Chairman/Member of all Committees he served on.According to a filing, Luthra's resignation was tendered on March 17, 2026. The company has acknowledged receipt of his resignation and will undertake the necessary filings with the Registrar of Companies and the Bombay Stock Exchange.In his resignation letter, Luthra noted the challenges presented by his location in Agra compared to the company's operations...

Mangalam Cement Receives Intimation of Share Transfers Among Promoters Mangalam Cement Limited announced that it received notifications from Rambara Trading Private Limited, AVA Trading and Consulting Private Limited, and Mignonette Creations Private Limited regarding the transfer of 10,00,000 equity shares. These transfers occurred as an inter-se transfer among promoters/promoter group members.Here's a breakdown of the share transfers:TransferorTransfereeNo. of Equity SharesAditya Birla Real Estate LimitedRambara Trading Private Limited4,80,000Aditya Birla Real Estate LimitedAVA Trading and Consulting Private Limited5,00,000Pilani Investment and Industries Corporation Ltd.Mignonette Creations Private Limited20,000The...

SMC Global Securities Limited Clarifies Trading Volume Increase SMC Global Securities Limited announced on March 18, 2026, that a review of recent trading volume fluctuations revealed no undisclosed material information influencing share price or volume. The announcement follows a letter dated March 16, 2026, concerning the volume increase.The company confirmed it is unaware of any further disclosures required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and that the observed trading activity appears to be driven by market factors. Business operations continue normally.SMC Global Securities Limited, with BSE Scrip Code 543263, reaffirmed its commitment to adhering to all applicable disclosure...

Magic Moments Vodka Sales Soar to 8 Million Cases, Solidifying India’s No.1 Position New Delhi, March 18, 2026 – Radico Khaitan Limited announced that its flagship brand, Magic Moments Vodka, has surpassed 8 million cases in sales this year, reinforcing its position as India’s No.1 vodka brand. The increase from 7.1 million cases last year underscores the brand's growing dominance and consumer engagement across markets.Magic Moments is India's largest premium vodka brand, holding approximately 60% of the Indian vodka market and ranking as the 6th largest vodka brand globally. The brand's momentum is largely attributed to its innovative flavor portfolio, particularly the "Flavours of India" range, with the recent Jamun SpicyMint...

Ashish S. Dandekar Creates Pledge of Equity Shares in Camlin Fine Sciences Ltd. Mumbai – March 18, 2026 – Ashish S. Dandekar has created pledges of equity shares in Camlin Fine Sciences Limited, according to disclosures made to the National Stock Exchange of India Limited and BSE Limited.The disclosures, filed on March 17, 2026, detail the creation of pledges undertaken to facilitate borrowing by the target company. Dandekar’s holdings represent 10.30% of the total share capital, equivalent to 1,97,78,510 shares.Here's a breakdown of the share pledges:EventShares Pledged (Number)% of Total Share CapitalEntity in FavorCreation34,75,0001.81%LRSD Securities Private LimitedCreation9,50,0000.49%BHN Capital...

ITI Limited Initiates Tender for Solar Module Manufacturing Line ITI Limited, a Government of India undertaking, has confirmed it is moving forward with plans to establish a solar module manufacturing line at its Naini Unit in Prayagraj. The company responded to a query from the BSE regarding a news report published on www.solarquarter.com.According to the clarification, ITI Limited is currently in the tendering and proposal stage for a project that could establish a manufacturing line with a capacity of 100 MW, 250 MW, or 500 MW. A previous attempt to initiate a similar tender in March 2025 was unsuccessful due to high bid rates.ITI Limited stated that the initiative is currently in the Request for Proposal (RFP) stage and does not...

Mangalam Industrial Finance Ltd. Reports Pledge Invocation of Promoter Shares Mangalam Industrial Finance Limited announced that Wardwizard Solutions India Private Limited, a promoter of the company, has triggered the invocation of a pledge over 90,00,00,000 equity shares. The invocation was initiated by DY Captive Projects LLP, acting as the pledgee, to secure a Loan Against Securities (Shares) facility.The transaction occurred on March 13, 2026.Here's a summary of the transaction details:Sr. NoName of Target CompanyName of LenderNumber of Equity SharesDate of TransactionType of Transaction1Mangalam Industrial Finance LimitedDY Captive Projects LLP9,00,00,000March 13, 2026Pledge InvocationWardwizard Solutions India...

Gujarat Industries Power Company Limited Appoints Head of Renewable Energy Business Vadodara, Gujarat, March 18, 2026 – Gujarat Industries Power Company Limited announced a change in leadership for its Renewable Energy business today. Effective March 18, 2026, Shri Jitendra Singh Ranawat has been designated as 'Head of Management' for the Renewable Energy Business and also serves as 'Factory Manager' for all Renewable Energy sites located in Gujarat.The appointment, made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, designates Ranawat to oversee the strategic direction and operational management of the company’s renewable energy initiatives.A profile for Shri Jitendra Singh Ranawat was...

Amrutanjan Health Care Limited Responds to News Item, Clarifies Madras High Court Order Amrutanjan Health Care Limited clarified on March 18, 2026, that negotiations regarding a previously reported matter were not ongoing. The company’s response follows a query from the National Stock Exchange of India Limited (NSE) and BSE Limited concerning a news item and trading activity.The news item referred to Writ Petition No. 35484 of 2005, which was recently decided by the Madras High Court. The company received a copy of the order late on March 17, 2026. According to Amrutanjan, the petition sought to declare a proviso to Section 34A(5) of the Tamil Nadu Hindu Religious and Charitable Endowment Act 1959 as illegal. The Madras High Court...

Starlight Trust Acquires 72.42% Stake in Hardcastle & Waud Manufacturing Company Ltd. Mumbai – Starlight Trust has acquired a 72.42% stake in Hardcastle & Waud Manufacturing Company Ltd. from Shri Achal Jatia, a promoter of the company. The acquisition was made under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The transaction was undertaken following a SEBI exemption order dated February 26, 2026, with reference number WTM/KCV/CFD/23/2025-26, and a subsequent Corrigendum to the Exemption Order dated March 9, 2026, bearing reference number WTM/KCV/CFD/23A/2025-26.According to the filing, the aggregate shareholding of the promoter and promoter group...

Sansera Engineering Ltd. Announces Trading Window Closure Sansera Engineering Ltd. has announced a closure of its trading window for designated persons and employees, effective Wednesday, April 1, 2026. This action aligns with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal "Code of Conduct."The trading window will remain closed until 48 hours after the announcement of the company's financial results for the quarter and year ending March 31, 2026.The date for the Board of Directors' meeting to approve the financial results will be communicated separately.Rajesh Kumar Modi, Company Secretary and Compliance Officer, made the announcement.Source:

Patel Engineering to Participate in Valorem Conference Patel Engineering Ltd. will participate in the 11th Annual Valorem Conference-Resilient Corporates, Relentless India, hosted by Valorem Advisors. The conference will be held on Monday, March 23, 2026, at the Grand Hyatt-Kalina in Mumbai.Company officials will engage with analysts and investors throughout the day, from 9:00 AM to 6:00 PM, in a group meeting format. Discussions will be based on publicly available information.A schedule of the event is provided below:Day & DateTime (IST)ParticipantsMeeting ModeType of MeetingMonday, March 23, 20269.00 AM to 6.00 PMAnalysts/InvestorsPhysical (In Person)GroupThe company noted that the schedule is subject to change due to...

Rahul Timbadia Acquires 45,000 Shares in La Tim Metal & Industries Ltd. Rahul Maganlal Timbadia, a promoter of La Tim Metal & Industries Limited, acquired 45,000 equity shares of the company on March 17, 2026, according to a regulatory filing. The acquisition was made through open market transactions.Prior to the acquisition, Timbadia held 1,16,46,550 shares, representing 8.79% of the company’s total share/voting capital and diluted share/voting capital. Following the purchase of the additional 45,000 shares, Timbadia’s total holding increased to 1,16,91,550 shares, representing 8.82% of the company’s total share/voting capital and diluted share/voting capital.La Tim Metal & Industries Limited has a share capital of 13,06,30,626...

CG Power and Industrial Solutions Schedules Analyst Meeting CG Power and Industrial Solutions Limited announced it will meet with analysts and institutional investors on Friday, March 20, 2026. The meeting will be organized by Avendus Spark Institutional Equities Private Ltd. The company noted that the schedule is subject to change due to unforeseen circumstances.Source:

Awfis Surpasses 100 Centres in South India, Exceeding 70,000 Seats National, March 18, 2026 – Awfis Space Solutions Limited, India's largest flexible workspace solutions provider, has reached a milestone of 100 centres across South India, including operational and under fit-out locations. The company's southern portfolio now encompasses over 3.1 million square feet of chargeable workspace area, providing a total seat capacity exceeding 70,000 seats across Bengaluru, Hyderabad, Chennai, and Kochi.Awfis currently serves over 3,400 clients in India, with 64% being multinational corporations, 25% being small and medium-sized enterprises, and the remainder being startups and entrepreneurs. Bengaluru represents the largest market, followed...

DCM Shriram International Responds to Price Movement Inquiry Mumbai – DCM Shriram International Ltd. addressed concerns regarding recent share price activity in a communication to the BSE Limited on March 18, 2026. The response follows a letter from the exchange dated March 17, 2026, regarding a significant movement in the company’s equity shares.DCM Shriram International clarified that its shares have been listed and admitted for dealings on the exchanges since February 17, 2026. The company stated that the recent price movement reflects market perception and is determined by market forces.The company also noted that it complied with disclosure requirements under Regulation 30 of the SEBI (LODR) Regulations, 2015. It further...

Axis Bank to Infuse ₹1,500 Crore in Axis Finance Limited Axis Bank Limited announced on March 18, 2026, that its Acquisitions, Divestments and Merger Committee approved a proposal to infuse ₹1,500 crore in Axis Finance Limited (AFL). The investment will be made in one or more tranches before March 31, 2027, through subscription to the Rights Issue of AFL.The Reserve Bank of India approved the investment via a letter dated March 10, 2026.According to information provided, Axis Finance Limited, a wholly owned subsidiary of Axis Bank, reported a turnover of ₹2,504 crore for the half year ended FY26. The acquisition falls under related party transactions, and the investment will be executed on an arm’s length basis.The table below...

Mankind Pharma Acquires Rivotril Brand, Bolsters CNS Therapy Focus New Delhi, March 18, 2026: Mankind Pharma Limited announced today the acquisition of the Rivotril brand from Roche for the Indian market. The agreement grants Mankind Pharma exclusive rights to manufacture, market, and distribute the product throughout the country.Rivotril is the innovator brand of clonazepam and is widely prescribed for the management of neurological and psychiatric conditions. The acquisition reinforces Mankind Pharma's focus on chronic and central nervous system (CNS) therapies, complementing its existing neuro portfolio.Atish Majumdar, Senior President, Sales & Marketing, Mankind Pharma Specialty Business, stated that the acquisition aligns with...