Markets

Newgen Software Technologies Limited Secures Retail Loan Origination Order Worth RM 6,750,000 Newgen Software Technologies Limited announced it has received and accepted a letter of award for a Retail Loan Origination Solution. The order, valued at RM 6,750,000 (Ringgit Malaysia Six Million Seven Hundred Fifty Thousand Only), encompasses software licensing, implementation, cloud hosting, and support services.The contract was awarded by a leading bank in Malaysia, with the customer's name withheld due to confidentiality agreements. The project is an international order with a five-year duration. The equivalent value in Indian Rupees is Rs. 15,64,71,750 (Fifteen Crore Sixty four Lakh Seventy One Thousand Seven Hundred and Fifty Indian...

Valencia Nutrition Ltd. Acquires Remaining Equity in Subsidiary Valencia Nutrition Ltd. announced the acquisition of 90,00,000 (Ninety Lakh) equity shares of ₹10 each in Valencia Beverages & Superwater Private Limited, its wholly owned subsidiary, as of March 31, 2026.The acquisition aims to simplify the corporate structure, enhance operational control, and integrate the subsidiary's activities with the Company's overall strategy. The transaction was completed for a cash consideration of Rs. 9,00,00,000 (Rupees Nine Crore only). Valencia Beverages & Superwater Private Limited is considered a related party under Section 2(76) of the Companies Act, 2013, and the transaction is exempt from related-party transaction provisions.Valencia...

Cipla Ltd. Schedules Board Meeting to Review FY26 Financial Results Cipla Ltd. announced that a meeting of its Board of Directors is scheduled for Wednesday, May 13, 2026. The primary agenda includes reviewing and approving the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026.The Board will also consider a recommendation for a final dividend for the year ended March 31, 2026, if applicable.In accordance with the company’s insider trading policy, the trading window for dealing in Cipla Ltd. securities will be closed from Wednesday, April 1, 2026, to Friday, May 15, 2026, inclusive, pertaining to the announcement of financial results.Source:

Lumax Auto Technologies Completes Amalgamation with Lumax Ancillary Limited Lumax Auto Technologies Limited announced today, March 31, 2026, the effective date of the Scheme of Amalgamation with Lumax Ancillary Limited. The amalgamation, which has an appointed date of April 1, 2024, was sanctioned by the National Company Law Tribunal, New Delhi Bench.The Scheme became effective following the filing of a certified true copy of the NCLT order with the Registrar of Companies, Ministry of Corporate Affairs, on Tuesday, March 31, 2026. This action was taken by both Lumax Ancillary Limited and Lumax Auto Technologies Limited through Form No. INC-28.Pankaj Mahendru, Company Secretary & Compliance Officer, confirmed the development.Source:

IKS Health Acquires ThinkDTM, Expanding AI Capabilities in Patient Access Mumbai, India | Dallas, TX – March 31, 2026 – IKS Health, a global leader in care enablement solutions, announced the strategic acquihire of ThinkDTM, an AI-native product, strategy, and digital services company. Tij Bedi, Founder of ThinkDTM, will join IKS Health as Executive Vice President and General Manager, Patient Access and Innovation, leading a team of AI technology experts."As healthcare continues to be disrupted, joining IKS Health is a tremendous opportunity to intelligently implement AI in ways that make patients' lives easier," said Tij Bedi.The expanded team will focus on scaling and transforming IKS Health's patient access solutions, including...

Yash Highvoltage Ltd. Reports Cyber Fraud Incident Yash Highvoltage Ltd. announced a fraudulent cyber incident on March 31, 2026, impacting the company's operations. The incident involved a request for a change in bank account details from a regular vendor based in China, purportedly from the exporter.The company processed a payment to the revised account details after receiving documentary confirmation, and a partial shipment of materials was successfully received on March 31, 2026. The fraud was discovered when the supplier reported non-receipt of funds.According to the company, the incident has no material impact on the operations of Yash Highvoltage Ltd. The total estimated amount involved is ₹2.10 crore, comprising ₹1.36 crore...

Uno Minda Subsidiary Receives Order Regarding ITC Claim Uno Minda Limited announced that its subsidiary, Uno Mindarika Private Limited (MRPL), received an order from the Office of the Dy. Excise & Taxation Commissioner, Gurugram, on March 30, 2026. The order concerns an excess Input Tax Credit (ITC) claimed in GSTR-3B compared to GSTR-2A for the tax period 2019-20.MRPL has been directed to pay a tax amount of Rs. 19,77,760. The company intends to appeal the order. Uno Minda Limited does not anticipate a material impact on the financial or operational activities of the group as a result of this matter.Source:

Hatsun Agro Product Limited Completes Amalgamation of Milk Mantra Dairy Hatsun Agro Product Limited announced on March 31, 2026, that the Scheme of Amalgamation of Milk Mantra Dairy Private Limited with Hatsun Agro Product Limited has been approved by the National Company Law Tribunal, Cuttack Bench. The order was filed with the respective Registrar of Companies on March 31, 2026.The effective date of the scheme is April 1, 2025, marking the date Milk Mantra Dairy Private Limited will be deemed merged with Hatsun Agro Product Limited.As a result of the amalgamation, Hatsun Agro Product Limited’s authorized share capital has increased to Rs. 49,50,00,000, comprised of 42,50,00,000 equity shares of Re. 1 each and 7,00,000 preference...

InfoBeans Technologies Clarifies News Reports on Subsidiary Sale and Trading Halt InfoBeans Technologies Limited has clarified that reports circulating on the “Whalesbook” platform regarding the sale of two subsidiaries and a trading halt are inaccurate. The company addressed the reports in a statement released March 31, 2026.The “Whalesbook” articles, titled “InfoBeans Sells 2 Subsidiaries, Names New Whole-Time Director” and “InfoBeans Sets April 1 Trading Halt for FY26 Results,” contained information that InfoBeans Technologies Limited asserts is factually incorrect and misleading.The company specifically denied making any disclosure related to the sale of subsidiaries and the associated consideration mentioned in the articles...

Hindustan Aeronautics Limited Registers Rs. 32,250 Crores in Revenue for FY 2025-26 Bengaluru, March 31, 2026: Hindustan Aeronautics Limited (HAL) announced a revenue of Rs. 32,250 crores (provisional and unaudited) for the financial year ended March 31, 2026, compared to Rs. 30,981 crores in the previous year. The company cited challenges in deliveries of the LCA MklA and HTT 40 due to supply chain issues and technical difficulties. However, accelerated deliveries of ALH, AL31-FP, RD-33 engines, and other products and services helped maintain revenue and profitability.“HAL has shown resilience and maintained steady growth despite geopolitical tensions, global conflicts, and supply chain challenges in the aerospace and defence...

Railtel Corporation of India Secures Work Order from Jharkhand Public Service Commission Railtel Corporation of India Limited announced that it has received a work order from the Jharkhand Public Service Commission Ranchi. The order, received on March 30, 2026, at 7:40 PM, involves providing ancillary services to the JPSC, including biometric authentication and CCTV installation with live feed, along with provision of VOIP.The project is to be executed by April 19, 2026. The size of the order is valued at Rs. 21,92,61,228, inclusive of tax. The work order was awarded by a domestic entity and does not involve any related party transactions.DetailInformationEntity Awarding OrderJharkhand Public Service Commission RanchiNature...

Happy Square Outsourcing Services Limited Receives New Work Order Happy Square Outsourcing Services Limited (formerly Happy Square Outsourcing Services Private Limited) announced on March 31, 2026, that it has been awarded a new work order for manpower supply services. The order, valued at approximately ₹0.1834 Crore, was received from Madhya Pradesh Power Transmission Company Limited (MPPTCL) – Jabalpur.The contract involves the supply of manpower services and is considered part of the company’s ordinary course of business. The project is scheduled to run for one year, from April 1, 2026, to March 31, 2027. Neither the promoter group nor any group companies have an interest in MPPTCL.Here's a summary of the key details...

Texmaco Rail & Engineering Receives Rs. 41.31 Crore Order from South Central Railway Texmaco Rail & Engineering Limited, an Adventz Group company, announced it has received an order valued at Rs. 41.31 crores from South Central Railway. The order involves the replacement of panel interlocking with electronic interlocking, along with the replacement of outdoor gears at stations within the Vijayawada Division.The project is slated for completion within 540 days from the appointed date, as outlined in the EPC Agreement Document. The total contract value is Rs. 41.31 crores, excluding taxes.Texmaco Rail & Engineering confirmed that neither the entity awarding the order nor its promoters, promoter groups, or group companies have any...

Avenue Supermarts Expands Retail Footprint with 12 New Stores Avenue Supermarts Limited, owner of the DMart retail chain, announced the opening of twelve new stores as of March 31, 2026. The new locations span across several states, including Maharashtra, Tamil Nadu, Odisha, Uttar Pradesh, Haryana, Chhattisgarh, Gujarat, and Nagpur.The newly opened stores are located in: Daund, Pune (Maharashtra); Tiruvottiyur, Chennai (Tamil Nadu); SGBL Square Mall, Cuttack (Odisha); Kanpur Road, Lucknow (Uttar Pradesh); Omaxe Connaught Place Mall, Greater Noida (Uttar Pradesh); IMT Faridabad (Haryana); Dattawadi, Pune (Maharashtra); Sarkanda, Bilaspur (Chhattisgarh); Zundal, Gandhinagar (Gujarat); Singarwa, Ahmedabad (Gujarat); Kachimet, Nagpur...

Yes Bank Receives INR 210 Crore from Security Receipts Portfolio Yes Bank Limited announced it has received a total of INR 210 crore from two separate trusts related to the Security Receipts Portfolio associated with a loan portfolio sold to J. C. Flower Asset Reconstruction Private Limited ('JC Flower ARC'). The receipts totaled INR 110 crore and INR 100 crore, respectively.The transaction relates to the sale of a Non-Performing Asset (NPA) portfolio to JC Flower ARC, which occurred on December 17, 2022. Yes Bank disclosed the receipts due to the materiality threshold outlined in the amended Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.Additional information is available...

Nutraplus India Ltd. Reports Financial Results for Quarter Ended September 30, 2025 Nutraplus India Ltd. announced its unaudited standalone financial results for the quarter ended September 30, 2025, and year-to-date period from April 1, 2025, to September 30, 2025, following a board meeting held on October 25, 2025. The board meeting commenced at 3:30 pm and concluded at 6:30 pm.A limited review report from Raman S. Shah & Associates, Chartered Accountants, accompanied the financial results.The company disclosed in a qualified review report that it has not complied with listing requirements under the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically regarding the...

UltraTech Cement Receives Order from GST Authority UltraTech Cement Limited announced that it received an order from the Additional Commissioner, Central Goods and Services Tax, Dehradun, Uttarakhand on March 31, 2026.The order confirms a tax demand of Rs. 53,81,19,148 plus applicable interest, along with a penalty of Rs. 53,81,19,148. The order relates to a matter involving alleged differential tax liability and non-reversal of Input Tax Credit (ITC) pertaining to fiscal years 2019-20 to 2023-24.According to the company, it intends to contest the demand and anticipates that the order will not have a material financial impact on its operations.Below is a summary of the order details:Sr. No.ParticularsDetails1Name of the...

Mrs. Bectors Food Specialities Subsidiary Starts Commercial Production at Khopoli Facility Mrs. Bectors Food Specialities Limited announced the commencement of commercial production at its subsidiary, Bakebest Foods Private Limited’s, new bakery facility located in Khopoli, Maharashtra, effective March 31, 2026.The newly established facility possesses an annual installed capacity for bakery products of 36,464 metric tonne. The commencement aligns with the company's strategic expansion plans. Source:

P N Gadgil Jewellers Limited Receives Income Tax Assessment Orders P N Gadgil Jewellers Limited has received assessment orders under Section 143(3) read with Section 147 of the Income Tax Act, 1961, for the assessment years 2021-22, 2022-23, and 2023-24. The orders were received on March 31, 2026, and were issued by the Deputy Commissioner of Income Tax, Central Circle 1(3), Pune.Details of the Assessment Orders: The demand for the assessment year 2021-22 is Rs. 2.26 crore, determined due to non-acceptance of royalty expense deductions and additions under Section 69A of the Income Tax Act, 1961. For the assessment year 2022-23, the demand is Rs. 2.29 crore, stemming from the same royalty expense issue, disallowances under Section...

Wipro Completes Merger of Rizing Subsidiaries Wipro Limited announced the completion of a merger between Rizing Consulting USA, LLC and Rizing LLC, effective March 31, 2026 (Eastern Time). The move consolidates the group's structure.Rizing Consulting USA, LLC reported a turnover of USD 46,715,994 as of March 31, 2025, while Rizing LLC’s turnover stood at USD 84,384,857 for the same period. Both entities provide consulting and software support services. The transaction was conducted at arm’s length and does not involve any change in shareholding for Wipro Limited.ParticularsDetailsTurnover (as of March 31, 2025)Rizing Consulting USA, LLC: USD 46,715,994Turnover (as of March 31, 2025)Rizing LLC: USD 84,384,857Source: