Markets

Rachana Infrastructure Limited Receives Order from GST Authority Rachana Infrastructure Limited announced that it received an order from the Office of the Additional Commissioner, Central GST & Central Excise, Nagpur, Maharashtra, on March 30, 2026. The order, dated March 27, 2026, concerns the financial years 2019-20 and 2020-21.The Additional Commissioner has confirmed a demand of Rs. 11.69 crore, encompassing an equivalent amount of penalty and applicable interest, due to alleged availment and utilization of ineligible input tax credit.The company intends to file an appeal before the Appellate authority and anticipates a favorable outcome. Rachana Infrastructure Limited does not expect the order to have a material impact on its...

Tinna Rubber and Infrastructure Limited Dissolves Dutch Subsidiary New Delhi, India – Tinna Rubber and Infrastructure Limited announced the dissolution of its wholly-owned subsidiary, Tinna Rubber B.V., based in Amsterdam, Netherlands, effective February 28, 2025. The decision follows a period where the subsidiary remained non-operational since its inception. The dissolution was completed pursuant to a certificate of liquidation received from the Netherlands Chamber of Commerce.According to a filing, Tinna Rubber B.V. contributed Nil turnover, revenue, income, and net worth during the last financial year due to its non-operational status.The dissolution was registered with Dutch regulatory authorities on August 7, 2025, officially...

D. P. Abhushan Limited Opens New Showroom in Dhar, Madhya Pradesh D. P. Abhushan Limited, a jewellery company based in Central India, announced the opening of a new showroom in Dhar, Madhya Pradesh on March 30, 2026. The showroom, located in Happy Villa Colony, spans approximately 3,000 sq. ft. and offers a variety of jewellery including gold, silver, diamond-studded pieces, Kun dan varieties, and Polki collections.The expansion is part of D. P. Abhushan Limited's strategy to grow its retail presence in Tier-II cities across India. The company stated that the expansion is part of its regular operational framework and will not have a material impact on its financials for the fiscal year. Shareholder approval for capital expenditure was...

Garden Reach Shipbuilders & Engineers Announces Senior Management Changes Garden Reach Shipbuilders & Engineers Ltd. announced several changes to its senior management team, effective March 31, 2026.Cdr Bhubaneshwar Mishra, CGM (Tech & Projects), is superannuating on March 31, 2026, and will cease holding office as of April 1, 2026. Mr. Sujoy Chakravorty, CGM (Material), is also superannuating on March 31, 2026, and will cease holding office as of April 1, 2026. Additionally, Col Sanjay Anand, GM (Security, Fire & OL), is superannuating on March 31, 2026, and will cease holding office as of April 1, 2026.Cmde Rajiv Sreedharan IN (Retd), Chief General Manager (Design & PS-NWD), has resigned on personal grounds, effective March 31...

Senco Gold Extends Strategic Marketing Tie-Up with Melorra’s Parent Company Kolkata – March 31, 2026 – Senco Gold Limited announced an extension to its strategic and marketing tie-up with August Jewellery Private Limited, the parent company of omnichannel brand Melorra. The extension, effective until June 30, 2026, continues the existing terms and conditions of the original agreement.Senco Gold Limited had initially entered into the strategic and marketing collaboration with August Jewellery Private Limited in September 2025.Details regarding the arrangement, including the scope of business operations, are consistent with previous disclosures made on April 24, 2025. The transaction does not involve any share exchange or joint...

Carysil Limited Initiates Voluntary Closure of Subsidiary, Carysil Ceramictech Limited Carysil Limited has announced that its wholly-owned subsidiary, Carysil Ceramictech Limited, has filed an application for voluntary striking off with the Registrar of Companies. The move follows an earlier announcement made on March 20, 2026.Upon completion of the voluntary closure process, Carysil Ceramictech Limited will cease to be a subsidiary of Carysil Limited. The process is anticipated to conclude within 4-5 months, contingent upon receiving regulatory approvals and finalizing statutory requirements.Carysil Ceramictech Limited has not generated any turnover, revenue, income, or net worth contributions since its incorporation...

Crompton Greaves Consumer Electricals Limited Receives Order Regarding State Tax Appeal Crompton Greaves Consumer Electricals Limited announced March 31, 2026, that it has received an order from the Joint Commissioner of State Tax (Appeal -VI) partially confirming an earlier order from the Deputy Commissioner of State Tax for the financial year 2018-19. The original order, issued April 30, 2024, stemmed from an assessment under the SGST Act, 2017, and raised a demand related to disallowance of Input Tax Credit and GST on Credit notes.The company initially appealed the Deputy Commissioner’s order to the Commissioner (Appeals). Based on legal advice and a review of the merits of the case, Crompton Greaves Consumer Electricals Limited...

Shriram Pistons & Rings Ltd. Completes Interest Payments on Debentures Shriram Pistons & Rings Ltd. announced the completion of interest payments on its listed, secured, rated, redeemable, non-cumulative, non-convertible debentures as of March 31, 2026.The company made timely payments on two series of debentures, detailed as follows:S. No.ParticularsSeries 1Series 21ISININE526E07015INE526E070232Issue SizeINR 500 CroresINR 500 Crores3Interest Amount to be paid on due dateINR 3,60,00,000/-INR 3,62,46,578/-4FrequencyQuarterlyQuarterly7Interest payment record date16/03/202616/03/20268Due date for interest payment31/03/202631/03/20269Actual date for interest payment30/03/202630/03/202610Amount of interest...

Jiya Eco-Products Ltd. Appoints Key Personnel and Redesignates Chairman Jiya Eco-Products Limited announced several key changes following a board meeting held on March 31, 2026. The company appointed Mr. Swapnil Mhaske as Chief Financial Officer (CFO), effective March 31, 2026. Mr. Mhaske holds an MBA in Finance & Macro Economics from San Diego State University and brings experience from global technology companies such as Qualcomm Inc. and Motorola.Additionally, Ms. Mayura Tagare was appointed as Company Secretary and Compliance Officer, also effective March 31, 2026. Ms. Tagare is an Associate Member of the Institute of Company Secretaries of India.The board also approved the re-designation of Mr. Nilesh Mahesh Tiwari, a...

Global Ocean Logistics India Ltd. Board Approves Key Initiatives Global Ocean Logistics India Ltd. announced several key approvals following a board meeting held on March 31, 2026. The board authorized a blanket approval for the purchase of fixed assets up to a limit of Rs. 1 Crore during the financial year.The company received board approval for related party transactions, contingent upon approval from the Audit Committee. The board also approved entering into a revised agreement with Kfin Technologies Limited to serve as the company’s Registrar and Transfer Agent following the company’s listing.The board approved borrowings, loans, and investments within the limits prescribed under the Companies Act, 2013 and other applicable...

Meta Infotech Ltd. Secures Orders Worth Rs. 70.61 Crores Meta Infotech Ltd. announced it has received new and renewal orders totaling Rs. 70,61,541.59, excluding GST, from a domestic financial services company. The orders encompass an annual subscription and one-time implementation support.According to the company, the fresh order is valid from April 1, 2026, to March 31, 2027, while the renewal order covers the period from March 1, 2026, to February 28, 2027. The combined value of the orders amounts to Rs. 32,66,640 and Rs. 37,94,901.59, respectively.The orders, considered to be within the company's ordinary course of business, will be executed within 15 days. Neither the company’s promoters, promoter group, nor group companies...

Setco Automotive Corrects Investor IRR Waiver Amount Setco Automotive Ltd. has issued a corrigendum to a previous announcement concerning a waiver of accrued Investor Internal Rate of Return (IRR) by its material subsidiary, Setco Auto Systems Private Limited (SASPL). The initial announcement, dated March 20, 2026, contained an inaccurate figure.The correct amount of accrued Investor IRR waived for the Financial Year 2025-26 is ₹66.46 crore, a revision from the previously stated ₹75.50 crore.Setco Automotive also received in-principle approval from BSE Limited on March 30, 2026, regarding this matter. All other details within the original intimation remain accurate.Source:

Meta Infotech Ltd. Secures Renewal Order Worth ₹3.06 Crores Mumbai – March 31, 2026 – Meta Infotech Ltd. announced today that it has received a renewal order from a financial services industry client. The order, valued at ₹3,06,45,692 (Rupees Three Crores Six Lakhs Forty Five Thousand Six Hundred and Ninety Two Only), excludes Goods and Services Tax (GST).The contract, for cloud data protection services, will span from March 1, 2026, to February 28, 2027. According to company officials, the order represents business within the ordinary course of operations.The order’s execution is expected to be completed within 15 days.DetailInformationEntity Awarding OrderFinancial Services Industry (Domestic)Contract PeriodMarch 1, 2026...

KRBL Ltd. Receives Order Regarding Goods and Services Tax Demand KRBL Ltd. announced today that it received an order from the Office of the Assistant Commissioner, Central Goods and Services Tax, Sangrur, Punjab, dated March 30, 2026.The order, issued under Section 74 of the Central Goods & Services Tax Act, 2017, and related state and integrated tax acts, pertains to the financial year 2021-22. The order levies a tax demand of Rs. 457,390 and a penalty of Rs. 28,803,15.According to the company, the order does not anticipate a significant impact on its financial, operational, or other activities. KRBL Ltd. intends to file an appeal with the appropriate authority regarding this matter.Below is a summary of the order details...

Garware Hi-Tech Films Limited Receives Income Tax Demand Notice Garware Hi-Tech Films Limited announced today, March 31, 2026, that it received a communication from the Income Tax Department. The company received an order under Section 154 along with a notice of demand for ₹18.37 crore under Section 156 of the Income-Tax Act, 1961.The notice pertains to the Assessment Year 2020-21. According to the company, it believes it has strong grounds to oppose the order and intends to file a rectification application. The company noted that the order was issued without prior notice and without providing an opportunity to be heard (Principle of Natural Justice). Furthermore, the credit of Minimum Alternate Tax of ₹15.12 crore was not taken into...

Zaggle Prepaid Ocean Services Acquires 100% Stake in Rivpe Technology Private Limited Zaggle Prepaid Ocean Services Limited announced the acquisition of a 100% equity stake in Rivpe Technology Private Limited (RTPL) on March 30, 2026. The acquisition includes 67,813 equity shares with a face value of Rs. 10 each.As a result of the acquisition, RTPL has become a wholly owned subsidiary of Zaggle Prepaid Ocean Services Limited. Furthermore, Omnicash Fintech Private Limited, a wholly owned subsidiary of RTPL, is now a step-down wholly owned subsidiary of Zaggle Prepaid Ocean Services Limited.The company is currently in the process of acquiring Compulsory Convertible Preference Shares (CCPS) from existing holders, following a Share...

Vdeal System Limited Receives New Order Worth ₹ 12720079.04 Vdeal System Limited announced it has been awarded a new order for the supply of Power System & Automation Panels from JUPITER TATRAVAGONKA RAILWHEEL. The order, valued at ₹ 12720079.04 (Rupees One Crore Twenty-Seven Lakh Twenty Thousand Seventy-Nine and Four Paise Only), is scheduled to be delivered on or before July 1, 2026.The contract involves the supply of Power System & Automation Panels. According to details provided, the order does not constitute a related party transaction.ParticularsDetailsName of the entity awarding the order(s) /contract(s);JUPITER TATRAVAGONKA RAILWHEELwhether order(s) / contract(s) is awarded to domestic/ international entityDomestic...

IndiGo Appoints William Walsh as Chief Executive Officer InterGlobe Aviation Limited, the parent company of IndiGo, announced the appointment of Mr. William Walsh as its Chief Executive Officer, subject to receipt of security clearance from the Ministry of Civil Aviation (MoCA). Mr. Walsh is expected to join the company no later than August 3, 2026.Mr. Walsh, currently the Director General of IATA (International Air Transport Association), previously held the position of CEO at British Airways and IAG (International Airlines Group).“I am thrilled that Willie will be at the helm of IndiGo," said Mr. Vikram Singh Mehta, IndiGo's Chairman. "His experience in managing large-scale airline operations and navigating complex market dynamics...

Tech Mahindra Schedules Board Meetings to Review FY26 Results Tech Mahindra Ltd. announced it will hold Board of Directors meetings on Tuesday, April 21, 2026, and Wednesday, April 22, 2026, to review and approve the Audited Standalone and Consolidated Financial Results and Statements for the fourth quarter and fiscal year ended March 31, 2026. The financial results will be declared on Wednesday, April 22, 2026.In accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for the company's securities will be closed from Wednesday, March 25, 2026, to Friday, April 24, 2026, inclusive. The trading window will reopen on Saturday, April 25, 2026, two days after the...

Kalyani Steels Completes Acquisition of Stake in Clean Renewable Energy KK 1B Private Limited Kalyani Steels Limited has finalized its acquisition of equity shares in Clean Renewable Energy KK 1B Private Limited, a special purpose vehicle (SPV) of Hero Rooftop Energy Private Limited. The acquisition was initially announced on March 27, 2026.The company acquired 1,034,453 equity shares with a face value of Rs.10 each, alongside a premium of Rs.18.37 per equity share. This represents 4.85% of the paid-up equity capital of Clean Renewable Energy KK 1B Private Limited.Below is a table summarizing the details of the acquisition:DetailInformationAcquirerKalyani Steels LimitedSPVClean Renewable Energy KK 1B Private Limited...