Markets

Krystal Integrated Services Limited Incorporates Special Purpose Vehicle for Solar Energy Project Krystal Integrated Services Limited (KISL) announced the incorporation of a Special Purpose Vehicle (SPV), Advait Krystal Solar Energy SPV Private Limited, on March 18, 2026. The SPV was incorporated jointly with M/s. Advaita Enterprises International Private Limited, under the Companies Act, 2013, with Corporate Identification Number U35105MH2026PTC469579.The authorized and subscribed capital of Advait Krystal Solar Energy SPV Private Limited is ₹1,00,000. KISL subscribed to 49% of the share capital, amounting to ₹49,000. The SPV is located in the state of Maharashtra and will focus on producing, generating, transmitting, distributing...

Dishman Carbogen Amcis Ltd. Board Approves Debt Issue of Up to ₹150 Crores Dishman Carbogen Amcis Limited announced that its Board of Directors approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Transferable, Taxable Non-Convertible Debentures (NCDs) aggregating up to ₹150 crores in a meeting held on March 18, 2026.The company plans to issue up to 10,000 NCDs with a face value of ₹1,00,000 each, totaling up to ₹100 crores, and an additional 5,000 NCDs with the same face value, aggregating up to ₹50 crores.The issuance will be on a private placement basis in one or more tranches. The allotment date for the ₹50 crore tranche is scheduled for March 27, 2026, while the first tranche of the ₹100 crore issue is slated...

R Systems International Limited Launches EXIQO to Enable Enterprise-Scale Agentic AI Integration Greater Noida, India; El Dorado Hills, CA, March 18, 2026 – R Systems International Limited, a global leader in digital product engineering, today announced the launch of EXIQO, an AI Studio designed to enable enterprises to scale production-grade agentic AI across business and technology functions.According to research commissioned by R Systems and produced by Everest Group, only 15% of enterprises have successfully operationalized agentic AI at scale, citing integration complexity, governance risks, legacy system constraints, and talent readiness gaps as barriers."Mid-market enterprises are at an inflection point, with access to...

The Ruby Mills Limited Incorporates Two Wholly-Owned Subsidiaries The Ruby Mills Limited announced the incorporation of two new wholly-owned subsidiaries, Ruby Greentech K Private Limited and Ruby Greentech T Private Limited, on March 18, 2026.Ruby Greentech K Private Limited has an authorized share capital of Rs 10,00,000 divided into 1,00,000 equity shares of Rs.10 each. The company will focus on water and effluent treatment services. The Ruby Mills Limited is the promoter of Ruby Greentech K Private Limited, holding 100% ownership.Ruby Greentech T Private Limited also has an authorized share capital of Rs 10,00,000 divided into 1,00,000 equity shares of Rs.10 each. This subsidiary will engage in power generation and distribution...

Infosys Recognized as One of the World's Most Ethical Companies® for Sixth Consecutive Year Infosys has been recognized as one of the 2026 World's Most Ethical Companies® by Ethisphere, a global leader in ethical business practices. The recognition marks the sixth consecutive year Infosys has received this honor and places the company among a select group in the Technology industry.Bengaluru, India – March 18, 2026 – Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, was evaluated based on the Ethisphere Ethics Quotient®, a questionnaire covering 240 proof points on ethics, compliance, governance, ESG practices, diversity, equity, and inclusion, and value chain initiatives. A total of...

Shree Cement Limited Incorporates Wholly Owned Subsidiary in Mauritius Shree Cement Limited announced the incorporation of a new wholly owned subsidiary, Shree Cement (Mauritius) Limited, on March 18, 2026. The subsidiary was established in Mauritius with an initial authorized capital of MUR 5,000,000.The new entity will engage in cement, ancillary products, and trading activities. Shree Cement Limited will hold 100% of the shares in Shree Cement (Mauritius) Limited.According to details provided, the incorporation does not constitute a related party transaction. No governmental or regulatory approvals were required for the incorporation, and no consideration was involved.Sr. No.ParticularsDetails1Name of the target...

Apollo Micro Systems Ltd. Receives Trading Approval for Preferential Share Issue Apollo Micro Systems Limited announced that trading approval has been granted by the National Stock Exchange of India (NSE) and the BSE Limited for 28,89,044 equity shares issued on a preferential basis to Non-Promoters. These shares have a face value of Re. 1 each.The equity shares were listed and admitted to dealings on the Exchange beginning March 19, 2026. The distinctive numbers for the shares range from 354391701 to 357280744. A lock-in period is in place until September 19, 2026.Here's a summary of the listing details:S.NoSecurity DescriptionNSE SymbolBSE Scrip CodeSeriesNo of securitiesDistinctive NumbersDate upto which lock-in1Equity...

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...