Markets

TVS Supply Chain Solutions Receives Order Regarding Tax Liability TVS Supply Chain Solutions Limited has received an order from the Assistant Commissioner of State Tax, Madhya Pradesh, pertaining to the financial year 2019-20. The order alleges short payment of outward liability.The order, received on March 30th, 2026, assesses a tax demand of Rs. 57,88,108.According to the company, this tax demand is not expected to have a material impact on the financials, operations, or other activities. TVS Supply Chain Solutions intends to file a response and appeal the order before the relevant authorities within the stipulated timeframe.Source:

Infosys Limited Secures ₹1,745 Crore Refund Following Tax Order Assessments Infosys Limited announced it has received assessment orders from the Income-tax Department, Government of India, pertaining to Assessment Years 2013-14, 2017-18, 2018-19, 2019-20, 2020-21 and 2021-22. The orders were received on March 26, 2026, March 27, 2026 and March 31, 2026.The company anticipates a cumulative refund of ₹1,745 crore, including interest, as a result of these assessments.Infosys is currently evaluating the impact of the orders on its financial statements for the quarter and year ended March 31, 2026.Source:

Rolex Rings Ltd. Receives Approval and Settlement of Right of Recompense Amount Rolex Rings Ltd. announced on March 31, 2026, that Union Bank of India, acting as the lead bank for a consortium, and other member banks have approved and released a sanction for the final settlement of the Right of Recompense (RoR) amount, totaling Rs. 101 Crores.According to the company, this settlement fulfills Rolex Rings’ obligations regarding the RoR to the consortium lenders. Union Bank of India, representing the consortium lenders, recovered and debited Rs. 101 Crores from the company's account by the close of business on March 31, 2026.Source:

Artson Ltd. Converts Payables into Long-Term Loan with Tata Projects Limited Artson Ltd. announced on March 31, 2026, an agreement with Tata Projects Limited (TPL), its holding company, to convert outstanding payables into a long-term loan. The total amount of the loan is Rs. 9,58,68,023, equivalent to Rupees Nine Crore Fifty-Eight Lakhs Sixty-Eight Thousand and Twenty-Three Only. This follows a previous announcement made on March 25, 2026, regarding the outcome of a board meeting. The company's security code is 522134.Deepak Tibrewal, Company Secretary & Compliance Officer, confirmed the transaction on behalf of Artson Limited (formerly Artson Engineering Limited).Source:

RMC Switchgears Ltd. Pledges Shares in Subsidiary for ₹1.36 Crore Loan RMC Switchgears Limited announced that its Board of Directors approved a loan agreement with Saatvik Cleantech EPC Private Limited on March 31, 2026. The agreement involves the pledging of shares held by the company in its subsidiary, Intelligent Hydel Solutions Private Limited (IHSPL).The loan amount is ₹1,35,91,500, secured by a pledge of 51% of RMC Switchgears Limited’s shareholding in IHSPL. This pledge establishes a security interest with Saatvik Cleantech EPC Private Limited, ensuring adherence to the repayment schedule and financial covenants associated with the loan. Source:

EID Parry India Limited Announces Closure of Refinery Unit and Approves Investments EID Parry India Limited announced on March 31, 2026, the closure of operations at its refinery unit, located in Vakalapudi Village, East Godavari, Kakinada, with effect from the close of working hours on the same date. The decision, approved by the board of directors of both the company and its wholly-owned subsidiary, Parry Sugars Refinery India Private Limited (PSRIPL), follows years of operational and financial challenges.PSRIPL's refinery, established in 2006 as a 2,000 TPD SEZ-based export-oriented unit, faced structural shifts that eroded its initial business model, which relied on importing raw sugar, refining it, and exporting it. These...

Aurobindo Pharma to Consider Share Buyback on April 6, 2026 Aurobindo Pharma Limited announced that a meeting of its Board of Directors will be held on Monday, April 6, 2026, to consider a proposal for the buyback of its fully paid-up equity shares. The meeting will also address related matters in accordance with the Companies Act, 2013, and applicable regulations.Trading window for the company's securities was closed for designated persons, connected persons, and their immediate relatives, effective April 1, 2026. This closure will remain in effect until 48 hours after the declaration of the company’s audited financial results for the financial year ending March 31, 2026, and includes the aforementioned buyback proposal.Source:

Housing & Urban Development Corporation Reports Strong Growth in Loan Sanctions and Disbursements Housing & Urban Development Corporation Limited (HUDCO) announced provisional financial results for the year ended March 31, 2026, demonstrating substantial growth compared to the previous fiscal year.According to a filing, HUDCO’s Loan Sanctions increased to ₹1,64,757 crore for the fiscal year 2025-26, up 28.76% from ₹1,27,952 crore in 2024-25. Loan Disbursements also saw significant growth, reaching ₹51,194 crore in 2025-26, a 27.87% increase compared to ₹40,037 crore in the prior year.ParticularsFY 2025-26FY 2024-25Growth (%)Loan Sanctions1,64,7571,27,95228.76%Loan Disbursements51,19440,03727.87%The figures are...

Tega Industries Subsidiary Receives ₹1,211.41 Crore Tax Order Tega Industries Limited announced that its wholly owned material subsidiary, Tega McNally Minerals Limited (TMML), has received an Assessment Order from the Assistant Commissioner of Income Tax, Circle 1(1), Kolkata. The order, issued March 30, 2026, pertains to the period April 2017 to March 2018 (Assessment Year 2018-19) and includes a total tax demand of ₹1,21,14,12,580, including interest.The order was passed under Section 143(3) read with Section 147 of the Income-tax Act, 1961. The additions and disallowances relate to reconciliation matters and the allowability of certain expenditures.According to Tega Industries, the order has no material impact on the financials...

Chalet Hotels Limited Receives Order from GST Department Chalet Hotels Limited announced that it received an order from the GST Department - Maharashtra State on March 30, 2026. The order, issued under section 74 of the Goods and Services Tax Act 2017, relates to a mismatch in Input Tax Credit and block Input Tax Credit for the fiscal year 2019-20.The total financial impact of the order comprises a Tax Demand of Rs. 33.07 million, interest of Rs. 40.88 million, and a penalty of Rs. 33.07 million.The company stated that it believes the order is contestable and intends to pursue legal recourse. Chalet Hotels Limited confirmed that its business operations remain unaffected.Details of the order, as provided by the GST Department, are...

Fino Payments Bank Announces Departure of Chief Compliance Officer Fino Payments Bank Limited announced on March 31, 2026, that Mr. Aashish Pathak has resigned from his position as Chief Compliance Officer, Principal Officer, and Principal Nodal Officer. The resignation was tendered on March 13, 2026, due to personal reasons, with Mr. Pathak's last working date being March 31, 2026.According to a filing, the change in senior management personnel adheres to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The details of the change are summarized below:ParticularsDisclosureReason for change viz. resignation, appointment, re-appointment, removal, death or...

Advent Hotels International Ltd. Receives Income Tax Demand Notice Advent Hotels International Ltd. announced today that its subsidiary, BD & P Hotels (India) Private Limited, has received a Notice of Demand under Section 156 of the Income-tax Act, 1961, from the Deputy Commissioner of Income Tax, Central Circle 1(4), Mumbai. The notice pertains to Assessment Year 2024-25 and raises a demand of ₹4,54,35,230. The notice was dated March 30, 2026.The company is currently examining the matter and will take appropriate steps, including potential appeals, as deemed necessary. The financial impact is presently limited to the stated demand amount. The company stated that operations and other activities are not currently impacted. The...

KS Smart Technologies Ltd. Further Invests in Wholly-Owned Subsidiary KS Smart Technologies Limited (formerly known as Soma Papers and Industries Limited) announced a further investment in its wholly-owned subsidiary, KS Smart Solutions Private Limited (KSSPL), on March 31, 2026. The investment aligns with the company’s business requirements and strategic objectives.The company acquired 9,700 equity shares of ₹10 each at a premium of ₹48,150 per share, for a total cash consideration. KSSPL will continue to remain a wholly-owned subsidiary.KSSPL, for the financial year 2024-25, achieved a standalone turnover of ₹69,655.55 lakhs and a consolidated turnover of ₹69,657.99 lakhs. KSSPL is engaged in the business of technology innovation...

GNG Electronics Limited Receives GST Order GNG Electronics Limited announced it received an Order-in-Original from the Office of the Principal Commissioner of CGST & Central Excise, Mumbai East. The order, reference number ME/ADC/KK/262/GST/2025-26, was received through email on March 30, 2026.The order pertains to the availment and utilization of Input Tax Credit (ITC) between April 1, 2019, and March 31, 2024. The assessment includes a Goods and Services Tax (GST) demand of Rs. 34,097,749 and a penalty of Rs. 34,235,213.GNG Electronics Limited states that the order is not expected to have a material financial impact on the company and will not affect its operations. The company plans to appeal the order.According to Sarita...

Carborundum Universal Limited to Wind Down German Subsidiary Carborundum Universal Limited (CUMI) announced that CUMI International Limited, Cyprus (CIL), its wholly-owned subsidiary, has approved the initiation of a voluntary winding-up process for CUMI AWUKO Abrasives GmbH, Germany (CAAG). CAAG, previously M/s. AWUKO Abrasives Wandmacher GmbH & Co. KG, was acquired in February 2022 through a step-down subsidiary. The subsidiary manufactures coated abrasives for wood and leather applications.The decision to wind down CAAG follows continued underperformance, mounting losses, and challenging market conditions. Factors contributing to the difficulties include product and market limitations, intensified price competition, global...

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...