Markets

Indo Rama Synthetics (India) Limited Sets Cut-off Date for Postal Ballot Indo Rama Synthetics (India) Limited announced that its Board of Directors approved a Postal Ballot Notice on March 17, 2026, seeking shareholder approval for several resolutions. The resolutions include the appointment of Mr. Vipin Kumar as a Non-Executive, Non-Independent Director and Mr. Sanjay Gupta as a Whole-Time Director.March 20, 2026, has been designated as the cut-off date to determine member eligibility for electronic and postal voting. The company will distribute the Postal Ballot Notice, accompanied by an explanatory statement and detailed voting instructions, to registered members as of the cut-off date. The company’s stock code is NSE: INDORAMA and...

AstraZeneca India Receives Approval for Expanded Imfinzi Indication AstraZeneca Pharma India Limited announced on March 16, 2026, that it has received permission from the Central Drugs Standard Control Organisation, Directorate General of Health Services, Government of India, to import and distribute Durvalumab Solution for Infusion 120 mg/2.4 mL and 500 mg/10 mL, marketed as Imfinzi, for an additional indication.The approval allows for the treatment of patients with unresectable hepatocellular carcinoma (uHCC) who have not received prior systemic therapy. This expanded indication paves the way for the marketing of Imfinzi in India, pending receipt of related statutory approvals.Source:

Tembo Global Industries Schedules Investor Meeting and Plant Visit Tembo Global Industries Limited announced a scheduled meeting and plant visit with investors and analysts for Friday, March 20, 2026, beginning at 2:30 PM.The company, trading under the symbol TEMBO (ISIN: INE869Y01010) on the National Stock Exchange of India Limited, stated that the discussions will be based on publicly available information and will not involve any unpublished price-sensitive information.The meeting is being held according to company practices for fair disclosure of unpublished price-sensitive information.Source:

Regency Fincorp Limited Receives Listing Approval for 66,20,201 Equity Shares Regency Fincorp Limited, formerly known as Regency Investments Limited, announced it has received listing approval from the BSE Limited for 66,20,201 equity shares. The shares, each with a face value of Rs. 10 and issued at a premium of Rs. 12, bear distinctive numbers from 73550871 to 80171071. These shares were issued to promoters and non-promoters on a preferential basis following the conversion of warrants.The BSE Limited’s approval, conveyed in letter no. LOD/PREF/RB/FIP/1887/2025-26 dated March 16, 2026, permits the shares to be dealt with on the exchange.According to the BSE, Regency Fincorp Limited is required to comply with Regulation 167 of the...

India Glycols Limited Receives Interim Dividend from Joint Venture India Glycols Limited announced on March 17, 2026, that its joint venture, Clariant IGL Specialty Chemical Private Limited, has declared an interim dividend. The company, along with its wholly-owned subsidiary, holds a 49% share in the joint venture.The interim dividend amounted to Rs. 36,000 per equity share with a face value of Rs. 10. As a result, India Glycols Limited received Rs. 36 crore gross (net of tax deductions of Rs. 32.40 crore), while its wholly-owned subsidiary received Rs. 2.88 crore gross (net of tax deductions of Rs. 2.59 crore).Source:

Gillette India Announces Leadership Change in Human Resources Gillette India Limited announced changes to its senior management team on March 17, 2026. Srinivas Maruthi Patnam, the company’s head of Human Resources, is leaving the company on March 31, 2026, to pursue other interests.Robin Thadathil will assume the role of head of Human Resources, effective April 1, 2026. Mr. Thadathil brings over 16 years of experience in Human Resources with Procter & Gamble, spanning roles across Singapore, the US, and Southeast Asia. His prior roles included leadership positions for commercial teams, manufacturing plants, and country HR functions. Most recently, he led Human Resources for the Malaysia, Singapore, and Vietnam businesses, and served as...

ASI Industries Ltd. Acquires Stake in Lloyds Metals and Energy Ltd. ASI Industries Ltd. announced the acquisition of equity shares in Lloyds Metals and Energy Ltd. for investment purposes. The acquisition was completed on March 16, 2026.ASI Industries Ltd. acquired 30,000 shares, representing 0.006% of the shareholding in Lloyds Metals and Energy Ltd. The total cost of the acquisition amounted to Rs. 3.38 Crores, paid via cash consideration.Lloyds Metals & Energy Ltd. operates in the Steel and Mining Sector. As of March 31, 2025, the company reported a turnover of Rs. 6721.40 Crore, a profit after tax of Rs. 1450.95 Crore, and a net worth of Rs. 6403.08 Crore. The company was established on April 5, 1977, and is a prominent Indian...

Taparia Tools Ltd. Receives Favorable Order from GST Department Taparia Tools Ltd. announced on March 17, 2026, that the Office of the Commissioner of Central GST & Central Excise, Nashik, has dropped penalty proceedings related to a previous notice.The company received a Show Cause cum Demand Notice on September 13, 2025. Following verification of purchase documents, banking transactions, and production records, the GST Department concluded the investigation.The alleged amount involved in the proceedings was 1,30,76,422. The order from the GST department noted the company’s provision of relevant purchase and banking records, the demonstration of genuine manufacturing and supply activities through production data, and the...

Cian Healthcare Ltd. Acquires Significant Stake Through Preferential Allotment Cian Healthcare Limited announced a substantial acquisition of shares through a preferential allotment, as detailed in disclosures filed with the BSE Limited. Ananta Medicare Limited, along with Mr. Rajesh Jain and Mr. Pradeep Kumar Jain, acting in concert, have increased their stake in the company.Details of the Acquisition: The acquisition involved a preferential allotment of equity shares, as per a Resolution Plan approved by the National Company Law Tribunal, Mumbai, on December 18, 2025.DetailAnanta Medicare Limited (Acquirer) & PACsAnanta Medicare Limited (Acquirer) & PACsAnanta Medicare Limited (Acquirer) & PACsShares carrying voting rights...

Vivanza Biosciences Limited Announces Director Resignation Vivanza Biosciences Limited announced on March 17, 2026, the resignation of Hemant Amrish Parikh (DIN: 00027820) as a Non-Executive Director, effective March 17, 2026. The resignation is due to personal reasons.Mr. Parikh confirmed that there are no material reasons for his resignation beyond those stated in his resignation letter.Details of the Resignation:DetailInformationReason for ChangeResignation due to personal reasons.Date of CessationMarch 17, 2026Jayendra Mehta, Managing Director (DIN: 08210602), confirmed the resignation.Source:

Sigma Solve Limited Announces Resignation of Directors Sigma Solve Limited announced on March 17, 2026, that Sharmil Gandhi and Nitin Patel have resigned from their positions as Independent Director and Non-Executive Director, respectively. The resignations were effective from March 16, 2026, due to preoccupation.Sharmil Gandhi, DIN: 07659873, served as Non-Executive Independent Director from July 30, 2025. Nitin Patel, DIN: 08370120, served as Non-Executive Director from February 21, 2019. Both directors affirmed they were not debarred from holding office by any SEBI order or other authority.Table: Director ResignationsDetailSharmil GandhiNitin PatelReason for ResignationPreoccupationPreoccupationDate of ResignationMarch...

Power Finance Corporation Ltd. Approves Resource Raising and Declares Interim Dividend Power Finance Corporation Limited (PFC) announced on March 17, 2026, that its Board of Directors approved the raising of resources for the Financial Year 2026-27 through various instruments, including bonds, term loans, and commercial paper. The total amount approved is up to ₹1,60,000 crore, excluding funds raised under Extra Budgetary Resources (EBR).The borrowing plan includes both domestic and foreign currency borrowings, as detailed in the table below:SI. No.SourceAmount (Maximum)(1)LONG/MEDIUM TERM BORROWINGS (Domestic)₹1,10,000(2)SHORT TERM BORROWINGS₹20,000(2)Commercial Paper₹10,000(2)TOTAL₹1,60,000(B)Through Foreign...

Jio Payments Bank Introduces UPI-Based Cash Withdrawal Services Mumbai, March 17, 2026: Jio Payments Bank Limited (JPBL), a wholly-owned subsidiary of Jio Financial Services Limited, has launched UPI-based cash withdrawal services through its Business Correspondent (BC) touchpoints. This initiative aims to strengthen India's digital payments ecosystem and advance financial inclusion, particularly in rural and semi-urban areas.The new feature allows customers to withdraw cash by scanning a UPI QR code and authorizing the transaction through their UPI application, eliminating the need for debit cards or traditional ATM infrastructure.JPBL states the initiative bridges the gap between digital payments and physical cash access...

KPI Green Energy Secures ₹979 Crore Loan from Canara Bank for 150 MW Wind Project KPI Green Energy Limited announced it has secured a sanction of ₹979 crore from Canara Bank to finance the development of its 150 MW wind power project in Gujarat. The project, which operates under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), is being developed in the Bharuch and Bhavnagar districts.The total project cost is estimated at ₹1,241.68 crore, with a debt-equity ratio of 75:25. The term loan facility has a door-to-door tenor of 20 years and 1 month, including an implementation period of 1 year and 4 months and a moratorium period of 1 year.“This sanction from Canara Bank represents another important...

Neogem India Ltd. Appoints Shivali Mishra as Company Secretary Neogem India Ltd. announced the appointment of Ms. Shivali Mishra as Company Secretary, Compliance Officer, and Key Managerial Personnel, effective March 17, 2026. The decision was made by the Board of Directors during a meeting held on Tuesday, March 17, 2026.Ms. Mishra is an Associate Member of the Institute of Company Secretaries of India, holding degrees in B.Com. and LL.B. She brings over five years of experience in compliance management under the Companies Act and SEBI Regulations.The appointment was disclosed following a meeting of the Board of Directors.Details of the Appointment:ParticularsDetailsReason for ChangeAppointmentDate of AppointmentMarch...

Abans Financial Services Limited Subsidiary Receives Tax Demand Order Abans Financial Services Limited announced that its material subsidiary, Abans Broking Services Private Limited, has received a tax demand order from the Assistant Commissioner of State Tax in Ahmedabad, Gujarat. The order pertains to financial year 2019-20.According to the order, input tax credit availed by Abans Broking Services Private Limited has been denied by the GST authorities. The total demand raised by the authorities, encompassing tax liability, interest, and penalty, amounts to Rs. 25,21,25,046.Abans Financial Services Limited stated that the company is in the process of filing an appeal before the appropriate appellate authority and believes the...

Patel Integrated Logistics Limited announced that Mr. Asgar Shakoor Patel, a Promoter of the company, acquired 4,500 equity shares in an open market purchase on March 16, 2026.Shareholding DetailsThe acquisition impacts the shareholding structure of Patel Integrated Logistics Limited. Prior to the acquisition, the total holding of Mr. Patel and other persons acting in concert was 2,50,42,880 equity shares, representing 35.99% of the total and diluted share/voting capital. Following the acquisition, the total holding increased to 2,50,47,380 equity shares.Shareholding TableThe following table summarizes the shareholding details:DetailBefore AcquisitionAfter AcquisitionMr. Asgar Patel - Shares carrying voting...

Sumeet Industries Acquires Nakoda Limited's Chips Manufacturing Plant Sumeet Industries Limited announced on March 17, 2026, that it has been declared the successful bidder for the acquisition of assets from Nakoda Limited's Chips Manufacturing Plant in Surat, Gujarat, through a slump sale under the Corporate Insolvency Resolution Process.The acquisition, approved by the company's Board of Directors at a meeting held on March 17, 2026, includes land, building, and plant and machinery situated at Phase-3: Chips Manufacturing Plant. The land area is 11534 square meters. Nakoda Limited is a Surat-based company engaged in the manufacturing of Polyester Chips, a raw material used in the production of Polyester Yarns (POY and FDY).The...

Maruti Suzuki India Limited Receives Draft Assessment Order for FY 2022-23 Maruti Suzuki India Limited announced it received a Draft Assessment Order from the Income Tax Authority for the financial year 2022-23. The order, dated March 16, 2026, proposes additions and disallowances amounting to Rs 57,864 million concerning the income disclosed in the company’s Income Tax return.According to a filing, the company plans to file its objections before the Dispute Resolution Panel. The Draft Assessment Order is not expected to impact the financial, operational, or other activities of Maruti Suzuki India Limited.Here's a summary of the key details:DetailInformationAuthorityIncome Tax AuthorityOrder TypeDraft Assessment Order...

Global Stock Market Weakness Continues Amid Escalating Middle East War Indian equities experienced a decline on Thursday, with the Sensex and Nifty dropping 1.4% and 1.6% respectively, influenced by the ongoing US-Iran war. US markets also closed lower overnight, with the Dow, S&P 500, and Nasdaq slipping 1.6%, 0.6%, and 0.3% respectively.Key Business Events Several corporate events occurred during the day:Dr Reddy's Laboratories: Received a ‘Voluntary Action Indicated’ Establishment Inspection Report from the USFDA for its Srikakulam facility. Garden Reach Shipbuilders: Signed a memorandum of understanding (MoU) with Kalyani Strategic Systems to jointly develop advanced naval systems, unmanned platforms, and maritime capabilities...