Markets

Hazel Infra Limited to Initiate Offer for Sale of Swan Defence and Heavy Industries Shares Mumbai, India – Hazel Infra Limited, the promoter of Swan Defence and Heavy Industries Limited (formerly Reliance Naval and Engineering Limited), announced an Offer for Sale (OFS) of up to 26,38,747 equity shares, representing 5.01% of the company’s total issued and paid-up equity share capital. The OFS will take place over two trading days: March 18, 2026, for non-Retail Investors, and March 19, 2026, for Retail Investors and non-Retail Investors who choose to carry forward unallotted bids.The offer is being undertaken to achieve minimum public shareholding requirements as prescribed under applicable regulations, including Rule 19(2)(b) and...

Medplus Health Services Subsidiary Receives Drug License Suspension Order Medplus Health Services Limited announced that Optival Health Solutions Private Limited, a subsidiary of the company, has received a suspension order for a Drug License affecting a store in Karnataka.According to a statement released on March 17, 2026, the Assistant Director, Drugs Control Administration, Hubli Circle, Karnataka, issued an order suspending the Drug License for five days for a store located in Lingaraj Nagar, Karnataka. The order was received on March 16, 2026.The suspension is based on a violation of Rule 65 of the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945. The company estimates a potential revenue loss of Rs 1.77...

Kridhan Infra Limited Completes Preferential Issue of Equity Shares Kridhan Infra Limited announced the allotment of 48,00,000 fully paid-up equity shares following the exercise of rights attached to warrants. The shares were issued at a price of ₹4.05 per share, including a premium of ₹2.05 per share. This resulted in a total inflow of ₹1,94,40,000 for the company.The preferential issue involved four investors: Mr. Pankaj Kapasi, Ms. Payal Kapasi, Pankaj Kapasi (HUF), and Chaitali Atish Laddad, each receiving 12,00,000 equity shares. The allotment was made upon receipt of the remaining 75% of the issue price from the warrant holders.Sr. NoParticularsDetails1Name of the investor(s)1. Mr. Pankaj Kapasi - 12,00,000 equity shares...

LTIMindtree Limited Changes Name to LTM Limited LTIMindtree Limited announced today, March 17, 2026, that it has officially changed its name to LTM Limited. The change, approved by shareholders on March 13, 2026, was formalized with the receipt of a fresh Certificate of Incorporation from the Ministry of Corporate Affairs.The new Certificate of Incorporation, effective March 17, 2026, reflects the name change. The company was originally incorporated as L&T INFORMATION TECHNOLOGY LIMITED.The updated Memorandum and Articles of Association will be available on the company’s website at https://www.ltm.com/investors/.The Corporate Identification Number (CIN) for LTM Limited remains L72900MH1996PLC104693. The company’s mailing address...

Capri Global Capital Limited Receives Credit Ratings from Fitch Ratings Mumbai – March 17, 2026 – Capri Global Capital Limited announced today that it has received credit ratings from Fitch Ratings Limited. The ratings were assigned March 17, 2026, at 4:02 p.m. (IST).According to Fitch Ratings, Capri Global Capital Limited’s ratings include a Long-Term Issuer Default Rating (LT IDR) of BB- (Stable), a Short-Term Issuer Default Rating (ST IDR) of B, and a Local Currency Long Term Issuer Default Rating (LC LT IDR) of BB- (Stable).The rationale for these ratings was published by Fitch Ratings Limited and is available on their website at https://www.fitchratings.com/site/pr/10340020. Additional information is also available on the...

Capacit'e Infraprojects Limited Receives Shareholder Approval for Related Party Transaction Capacit'e Infraprojects Limited announced on March 17, 2026, that shareholders have approved a material related party transaction between CIL MMEPL Ekatha Private Limited, a subsidiary of the company, and Mohan Mutha Export Private Limited, a related party of the subsidiary. The approval was granted via an Ordinary Resolution at a postal ballot held on February 11, 2026.As of February 06, 2026, the company had 63,392 shareholders on record. The resolution passed with 1,13,98,901 votes in favour and 42,263 votes against, representing 99.63% and 0.36% respectively of the votes polled.The results of the voting are available on the company’s...

Axis Solutions Ltd. Secures Order for High Voltage Transducers from Bharat Heavy Electricals Limited Axis Solutions Ltd. announced it has secured a significant order from Bharat Heavy Electricals Limited for the supply of High Voltage Transducers, marking a strategic expansion into the Railway/Metro segment. The order, valued at Rs. 4,25,25,000, involves the supply of High Voltage Transducers (2800V/50mA) for Locomotive applications.The order is expected to be executed within one year from March 2026. According to company disclosures, neither the entity awarding the order nor the order itself involves related party transactions.Here’s a summary of the key details:Sr No.ParticularDetails1Name of the entity awarding the...

Hexaware Launches Agentverse™, an Enterprise AI Agent Platform with 600+ Ready-to-Deploy Agents Hexaware Technologies [NSE: HEXT] today announced the launch of Agentverse™, an enterprise AI agent platform featuring 600+ ready-to-deploy AI agents designed to help organizations operationalize agentic AI across business and technology functions.As enterprises increasingly explore generative and agentic AI, many remain stuck in pilot stages without a clear path to scaled deployment. Agentverse™ addresses this challenge by providing a governed platform that orchestrates multiple AI agents across enterprise systems, workflows, and communication channels, enabling organizations to move from experimentation to production.The platform...

Heritage Foods Limited Appoints Multiple Firms as Internal Auditors Heritage Foods Limited announced the appointment of thirteen firms as Internal Auditors for the financial year 2026-27. The appointments were approved by the Board of Directors at a meeting held on March 17, 2026.The appointed firms and their respective areas of responsibility are as follows:Name of the FirmLocation CoverageM/s. Brahmayya & Co, Chartered Accountants, BengaluruLocations near Head OfficeM/s. Gattamaneni & Co., Chartered Accountants, HyderabadLocations near Hyderabad, Vijayawada, and North KarnatakaM/s. Satyanarayana & Sushil, Chartered Accountants, VisakhapatnamLocations near Visakhapatnam and OdishaM/s. Rama Subba Rao & Co., Chartered...

Tech Mahindra Acquires Remaining Stake in Tech Mahindra Arabia Limited Tech Mahindra Limited announced on March 17, 2026, that Tech Mahindra London Limited, a wholly-owned subsidiary, executed a Share Sale and Purchase Agreement with Midad Company Limited for the acquisition of Midad’s 20% equity stake in Tech Mahindra Arabia Limited.The transaction results in the company, along with TMLL, holding 100% shareholding in Tech Mahindra Arabia Limited. Midad exercised a put option as stipulated in a shareholder's agreement.Tech Mahindra Arabia Limited, headquartered in the Kingdom of Saudi Arabia, provides digital system integration and consulting services. As of March 31, 2025, the company's turnover was SAR 181.6 million and its net...

Digilogic Systems Limited Receives Purchase Orders from DRDO Valued at ₹7.15 Crores Digilogic Systems Limited has announced the receipt of purchase orders from the Defence Research & Development Organisation (DRDO). The orders, received during the ordinary course of business, are valued at a total of ₹7.15 crores (excluding GST).The company will supply Measurement Equipment, Test Equipment, and Programmable DC power Supplies, as well as an Integrated Test System for onsite checkout.Here's a breakdown of the orders:Order DescriptionOrder Value (₹ crores, excluding GST)Supply of Measurement Equipment, Test Equipment and Programmable DC power Supply4Integrated Test System for onsite checkout3.15Total7.15Source:

Varun Beverages Limited to Acquire 100% Stake in Crickley Dairy Proprietary Limited Varun Beverages Limited announced on March 17, 2026, that its subsidiary, The Beverage Company Proprietary Limited ('Bevco'), has entered into an agreement to acquire 100% of the equity stake of Crickley Dairy Proprietary Limited ('Crickley'), a company incorporated in South Africa. The acquisition aligns with the company's strategy to diversify its product portfolio into value-added dairy and juice-based drinks.The transaction is subject to regulatory approvals, including those from the Competition Commissions of South Africa.Bevco will acquire the 100% equity stake of Crickley for an Enterprise Value of ZAR 238 million, equivalent to INR 1,314.68...

Shree Renuka Sugars Limited Announces Leadership Changes Shree Renuka Sugars Limited announced several changes in its leadership structure following a board meeting held on March 11, 2026.Effective April 1, 2026, Mr. Atul Chaturvedi will transition from his current role as Executive Director and Chairman to a Non-Executive Director (Non-Independent). Simultaneously, Mr. Madhu Rao, currently an Independent Director, will assume the position of Chairman of the Board.The company has also appointed Mr. Susheel Kumar Kamboj as Chief Executive Officer, effective March 23, 2026. Additionally, Mr. Kamboj has been appointed as Managing Director & CEO for a period of five years, also commencing April 1, 2026, pending shareholder approval...

HMA Agro Industries Limited Alerts Investors to Fake Website Impersonation Agra, India – March 17, 2026 – HMA Agro Industries Limited announced today the discovery of a fraudulent website attempting to impersonate the company and deceive international buyers and stakeholders.The fake website, located at www.hma-agro.com, replicates the content, logo, branding, and design elements of HMA Agro Industries Limited's official website, www.hmagroup.co. The company believes this was a deliberate effort to damage its reputation and potentially defraud customers through unauthorized communication and fake email addresses. The fraudulent site falsely presented the company as a Five Star Export House.HMA Agro Industries Limited has taken...

Dr. Reddy’s Laboratories Receives Tax Demands from GST Authority Dr. Reddy’s Laboratories Limited announced it has received three orders from the Commercial Taxes Department, Office of the Joint Commissioner (ST), Chennai Intelligence-II, related to tax demands, including interest and penalties, for the period of fiscal years 2019-20 to 2021-22. The orders, dated March 16, 2026, were received on the same date.The authority issued the orders citing that certain supplies are taxable in nature. The total penalty levied is detailed below:Financial YearPenalty (INR)FY 2019-202,19,48,944FY 2020-2150,406FY 2021-224,384According to the company’s evaluation, the orders are not expected to have a material impact on its...

Tapan Agarwal to Acquire 8.00% Stake in Available Finance Limited Available Finance Limited announced that Tapan Agarwal, a member of the company’s Promoter Group, plans to acquire 8,16,296 equity shares, representing 8.00% of the equity share capital, from Archana Coal Private Limited, also a Promoter of Available Finance Limited. The transaction is valued based on the volume weighted average price for the 60 trading days preceding the acquisition date.The acquisition is expected to be completed on March 24, 2026. The transaction qualifies for an exemption from an open offer requirement under Regulation 10(1)(a)(iv) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.According to disclosures filed, the...

Tamilnadu Petroproducts Limited Shuts Heavy Chemical Division Plant Due to Geopolitical Factors Tamilnadu Petroproducts Limited announced the temporary shutdown of its Heavy Chemical Division (HCD) plant, effective March 17, 2026. The decision follows earlier communication on March 16, 2026, and stems from ongoing business factors related to the geopolitical situation in the Middle East region.The company has classified this shutdown as a force majeure event, citing its uncontrollability. The financial impact of this disruption remains unquantifiable at this time. Tamilnadu Petroproducts Limited stated it is taking steps to resume operations and will promptly report any material developments to the stock exchanges.Sangeetha Sekar...

Delhivery Subsidiary Receives Tax Order, Financial Impact Deemed Minimal Delhivery Limited announced on March 17, 2026, that Ecom Express Limited, a subsidiary of Delhivery, has received an order related to Goods and Services Tax. The order, dated March 16, 2026, originates from the Office of the Deputy Commissioner in Lucknow, Uttar Pradesh.The order, issued under Section 74 of the Central Goods and Services Tax Act, 2017 and the Uttar Pradesh Goods and Services Tax Act, 2017, pertains to the financial year 2019-20 and confirms a tax demand of ₹ 52,78,817, along with ₹ 61,77,517 in interest, and a penalty of ₹ 52,78,817 against Ecom Express Limited. The demand stems from a disallowance of input tax credit.According to the details...

Debock Industries Limited Accepts Resignation of Additional Director Debock Industries Limited announced on Tuesday, March 17, 2026, that it has accepted the resignation of Mohammed Saleemkhan from the position of Additional Director, effective close of business hours on the same day.Mohammed Saleemkhan, who held Director Identification Number (DIN) 10397856, previously served as an Additional Director for the company. The Board of Directors expressed their appreciation for Saleemkhan's contributions and guidance during his tenure.The Board authorized a current director to file the necessary E-Form and related documents with the Registrar of Companies and the Ministry of Corporate Affairs. Mukesh Manveer Singh, Director (DIN...

Wipro and Harness Announce Strategic Collaboration to Accelerate AI-Native Software Delivery BENGALURU, India - March 17, 2026 - Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, and Harness, the AI Software Delivery Platform ™ company, announced a strategic collaboration to accelerate AI-native software delivery for global enterprises.The collaboration aims to address the complexity of software delivery as enterprises adopt AI, which often relies on disconnected tools and manual processes. Wipro’s agent-native delivery platform WEGA will be combined with Harness’ AI Software Delivery Platform. WEGA is part of the Wipro Intelligence ™ unified suite of AI-powered...