Markets

Bajaj Electricals Limited Receives Appeal Order Regarding GST Demand Bajaj Electricals Limited announced on March 31, 2026, that it received an Appeal Order from the Office of the Commissioner (Appeals), Central Excise, Customs & Central Goods and Services Tax, Jaipur. The order pertains to a previous assessment issued by the Additional Commissioner, Circle-I, Jaipur III, Rajasthan, concerning delayed reporting of sales invoices.The Appeal Order, dated March 26, 2026, upholds a total demand of Rs. 80.75 lakh, which initially included a general penalty of Rs. 34.42 lakh. The company had previously appealed this assessment.Bajaj Electricals Limited had withdrawn its appeal for the fiscal year 2017-18 and submitted an application for...

ABS Marine Services Limited Acquires Offshore Support/Supply Vessel Mumbai – March 31, 2026 – ABS Marine Services Limited (NSE: ABSMARINE), a leading maritime company providing ship management, vessel ownership, marine, and port services, announced a contract to acquire an Offshore Support/Supply Vessel (MPSV) from the international market. The vessel is expected to be delivered during the first quarter of fiscal year 2027 (April 2026 - June 2026).Acquisition Highlights:Vessel Type: Offshore Support/Supply Vessel (MPSV) Expected Delivery: Q1 FY27 (April - June 2026) Source: International Market Strategic Purpose: Strengthening owned fleet and offshore capabilitiesThe acquisition aligns with the company’s strategy to expand its...

Ecoboard Industries Ltd. Secures Credit Facility from Indian Overseas Bank Ecoboard Industries Ltd. announced on March 30, 2026, that it has entered into a Loan Agreement with Indian Overseas Bank. The agreement includes a Cash Credit facility of ₹10,00,00,000 (Rupees Ten Crores Only) and a Bank Guarantee facility of ₹5,00,00,000 (Rupees Five Crores Only).Simultaneously, the company has fully repaid and closed all existing banking facilities with Union Bank of India, including a Bank Guarantee facility of ₹1,98,00,000 (Rupees One Crore and Ninety-Eight Lakhs Only) and a Cash Credit facility of ₹2,00,00,000 (Rupees Two Crores Only), with no outstanding amount as of March 27, 2026.The agreement's terms include a registered mortgage of...

Baazar Style Retail Ltd. Receives Order Regarding Product Labeling Baazar Style Retail Limited received an order from the Office of the Senior Inspector of Legal Metrology in Prayagraj, Uttar Pradesh, on March 30, 2026. The order pertains to irregularities found in product labeling, resulting in a settlement fee of ₹ 1,30,000, which the company has since paid.According to the company, the event has no material financial impact.The Legal Metrology Act, 2009, governs the matter.Sr. No.ParticularsRemarks1Name of the AuthorityOffice of the Senior Inspector of Legal Metrology, Noorullah Road, Prayagraj, Uttar Pradesh.2Nature and details of the action(s) take, initiated or order(s) passed by the authorityOrder received to pay an...

Bajaj Electricals Limited Receives Assessment Order Regarding Vendor’s GST Returns Bajaj Electricals Limited announced on March 31, 2026, that it received an Assessment Order from the Office of the Assistant Commissioner of CGST & Central Excise, Division-II, Mumbai South Commissionerate. The order, dated March 30, 2026, stems from an alleged non-filing of GSTR 3B returns by the company's vendors.The GST Authority has raised a gross demand of Rs. 67.31 lakh, including a penalty of Rs. 33.65 lakh. Bajaj Electricals Limited is currently evaluating legal options, including a potential appeal to an appellate authority.According to the company, the financial impact would be limited to the extent of the demand and penalty, and there is no...

Persistent Systems Ranked Among India's Most Valuable Brands with $2.9 Billion Valuation Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, has been recognized in the Kantar BrandZ India Most Valuable Brands 2025 ranking, with a brand valuation of $2.9 billion. The company secured the 6th position in the Business Technology and Services category and 42nd overall.The ranking underscores Persistent’s growing influence in AI-driven enterprise transformation and highlights the increasing importance of engineering-led technology partners. The Kantar BrandZ rankings combine financial analysis with brand equity research, based on insights from over 145,800 respondents...

Zensar Technologies Receives ESG Score of 78.2 from SES ESG Research Zensar Technologies Limited announced an Environmental, Social, and Governance (ESG) score of 78.2 for the fiscal year 2025, as reported by SES ESG Research Private Limited. SES ESG, a SEBI-registered ESG rating provider, independently prepared the report based on publicly available data.The ESG score reflects Zensar Technologies’ performance across various ESG parameters, according to the rating agency’s assessment. The report was received by the company on March 30, 2026.Source:

Comfort Intech Limited Receives Provisional Attachment Order Comfort Intech Limited (CIL) has received a Provisional Attachment Order dated March 25, 2026, from the Office of the Joint Director, Enforcement Directorate (ED) in Hyderabad. The order pertains to the provisional attachment of property belonging to CIL and its subsidiary, Liquors India Limited.The attachment stems from an earlier FIR registered in 2013 based on a complaint made by Ravi Kumar Distilleries Ltd (RKDL), and the matter is currently under consideration by the CB-CID Court in Hyderabad since 2020.According to the order, assets with an aggregate value of approximately ₹13,07,59,308 have been provisionally attached for a period of 180 days. CIL states that it...

Bharti Airtel Ltd. Receives Penalty Notice from Department of Telecommunications Bharti Airtel Ltd. announced that it received a notice from the Department of Telecommunications (DoT) in Andhra Pradesh on March 30, 2026. The notice imposes a penalty of Rs. 6,80,000 for alleged violations of subscriber verification norms.The DoT conducted a Customer Application Form (CAF) Audit for February 2026, which revealed alleged non-compliance with the licensing terms and conditions concerning subscriber verification. Airtel is obligated to verify customers as per its license agreement and DoT instructions.The company estimates the maximum financial impact related to the penalty to be the levied amount. Bharti Airtel Ltd. has elected to pay...

Propshare Titania SM REIT Closes Trading Window Ahead of Financial Results Propshare Titania, the second scheme of the Property Share Investment Trust, announced the closure of its trading window on March 31, 2026. The closure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the code governing unpublished price sensitive information.The trading window will remain closed for designated individuals and their immediate relatives, starting at the opening of business hours on April 1, 2026, and continuing until 48 hours after the release of the audited financial results for the quarter and year ending March 31, 2026.Prashant Kataria, Compliance Officer for PropShare...

BEW Engineering Limited Board Approves Term Loan, Independent Director Appointments BEW Engineering Limited announced on Tuesday, March 31, 2026, that its Board of Directors approved a term loan of Rs. 307.65 Lakhs from the Small Industries Development Bank of India (SIDBI) for the purchase of machinery and equipment under the SPEED scheme.The Board also noted the completion of the tenure of Mr. Ratnakar Venkappa Rai, who ceased to be an Independent Director on March 30, 2026.Following this, the Board approved the appointment of two Additional Directors, Mr. Arpit Pratapbhai Shah (DIN: 07469577) and Mrs. Bijal Rushi Sheth (DIN: 11273499), both designated as Non-Executive Independent Directors. Their appointments are for a term of...

Purple Finance Ltd. Announces Approval to Issue Debentures Purple Finance Limited announced that its Finance Committee approved the issuance of upto 500 Subordinated, Unsecured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures (NCDs). Each debenture has a face value of Rs. 1,00,000, with a total aggregate of Rs. 5,00,00,000, to be issued in one or more tranches.The issuance will be on a Private Placement Basis and will be within the company’s current borrowing limits. The debentures are proposed to be listed on the BSE Limited.The NCDs will have a tenure of 61 months, with an interest rate of 12.50% per annum, payable monthly. The principal amount outstanding will be repaid on maturity, 61 months...

Asian Paints Completes Amalgamation of Subsidiary Asian Paints (Polymers) Asian Paints Limited announced that the Scheme of Amalgamation involving its wholly owned subsidiary, Asian Paints (Polymers) Private Limited, has become effective as of March 31, 2026.The scheme was previously sanctioned by the National Company Law Tribunal, Mumbai Bench. The certified true copy of the order sanctioning the scheme was filed with the Registrar of Companies, Mumbai, Maharashtra, also on March 31, 2026.Upon filing of the order, Asian Paints (Polymers) Private Limited will be dissolved without winding up.Source:

Sammaan Capital Becomes an IHC Group Company, Securing USD 1 Billion Investment Mumbai, March 31, 2026 - Sammaan Capital today announced that International Holding Company PJSC (IHC), through its affiliate Avenir Investment RSC LTD ('Avenir'), will become the Promoter of Sammaan Capital Ltd. ('Company'), acquiring a 41.5% stake via a preferential allotment of equity shares and warrants. IHC, one of the world's largest investment companies and the most valuable listed holding company in the Middle East, will classify the investment as part of its newly established global financial services platform, Judan Financial.Sammaan Capital has received an initial tranche of INR 5,652 crores (USD ~600 million) towards the allotment of equity...

Mangalore Refinery and Petrochemicals Limited Receives Order-in-Original from GST Department Mangalore Refinery and Petrochemicals Limited (MRPL) announced that it received an Order-in-Original from the Office of the Commissioner of Central Excise & Central Tax, Mangaluru, on March 30, 2026.The GST Department issued a Show Cause Notice (SCN) regarding various issues and has passed an order for demand on some issues related to the availment of Goods and Services Tax (GST) input tax credit (ITC) for the period FY 2019-20 to FY 2023-24. The order pertains to a basic amount of Rs. 10,96,99,437 and a penalty of Rs. 12,79,10,256, along with applicable interest.MRPL stated that the company views the Order-in-Original as unjustified and...

Bhageria Industries Limited Receives GST Demand Order Bhageria Industries Limited announced that it received a Goods and Services Tax (GST) demand order from the Office of the Asst./ Dy. Commissioner of (CGST & Central Excise), Division-IV Palghar Commissionerate on March 30, 2026.The order confirmed a demand for Input Tax of ₹10,52,26,565 in IGST. This demand is linked to ineligible Input Tax Credit and covers the period from April 2019 to March 2020, accompanied by interest and a penalty.According to an attached statement, the company intends to file an appeal with the Commissioner (Appeals) before the due date. The company stated that this order will not impact its financial operations or other activities.Details of the GST...

MT Educare Limited Defaults on Loan Repayments MT Educare Limited disclosed on March 31st, 2026, that it has defaulted on repayments of principal and interest on loans from banks and financial institutions. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) initiated on December 16th, 2022, as per an order from the National Company Law Tribunal (NCLT).The total amount of outstanding borrowings currently defaults to 32.33 crore. This includes defaults related to Term Loans, Overdraft, and Corporate Guarantees from *Prudence ARC and Axis Bank.A detailed breakdown of the defaults is presented below:Defaulted Loan DetailsLenderPrincipal (INR Crores)Interest (INR Crores)*Prudence ARC16.443.75...

Cargotrans Maritime Ltd. Announces Formation of Wholly Owned Subsidiary Cargotrans Maritime Limited announced on March 31, 2026, the approval to incorporate a wholly owned subsidiary named CML INVESTMENTS PRIVATE LIMITED. The decision was made at a board meeting held on March 31, 2026, which commenced at 11:00 AM and concluded at 11:30 AM.The new subsidiary will be incorporated in India with a paid-up capital of INR 100,000 consisting of 10,000 equity shares. CML INVESTMENTS PRIVATE LIMITED will be engaged primarily in the real estate, securities, and investment trading industry. The company's business portfolio is expected to broaden and provide stability against risks associated with the shipping industry.The subsidiary will be...

Cian Healthcare Ltd. Receives Trading Approval for 2.5 Crore Equity Shares Mumbai, March 31, 2026 – Cian Healthcare Ltd. announced today that it has received trading approval from the Bombay Stock Exchange (BSE) for 2,50,00,000 (Two Crores Fifty Lakhs) fully paid-up equity shares with a face value of INR 10/- (Indian Rupees Ten Only) each. The approval, received on March 30, 2026, follows a resolution plan approved by the National Company Law Tribunal (NCLT) on December 18, 2025.The approved shares are divided into two categories: 12,50,000 (Twelve Lakhs Fifty Thousand) shares were approved for public shareholders, and 2,37,50,000 (Two Crores Thirty-Seven Lakhs Fifty Thousand) shares for promoters. The trading of these shares is...

Valor Estate Ltd. to Acquire Radius Estates and Developers Private Limited Valor Estate Ltd. announced on March 31, 2026, that its wholly owned subsidiary, MIG (Bandra) Realtors Private Limited, entered into transaction documents with Adani Goodhomes Private Limited for the acquisition of the entire equity share capital of Radius Estates and Developers Private Limited.Upon completion of the acquisition, Radius Estates will become a wholly owned subsidiary of MIG and, consequently, an indirect wholly owned subsidiary of Valor Estate Limited. The transaction is subject to conditions, including the release of pledged shares by the existing lender/charge holder and the completion of transfer formalities. The indicative timeline for...