Markets

Magson Retail and Distribution Limited Executes Business Transfer Agreement Magson Retail and Distribution Limited announced today, March 30, 2026, that it has entered into a Business Transfer Agreement with M/s. Ksheer Milk and Products, Ahmedabad. This follows a prior announcement on December 31, 2025, regarding the Board of Directors’ decision to acquire the business of M/s. Ksheer and Milk Products. The agreement is on an exclusive basis.The company secretary and compliance officer, Himani Thakkar, executed the agreement.Key Details of the Agreement:The following details, as outlined in Annexure-I, pertain to the agreement:Sr. No.ParticularsDetails1Name(s) of the parties with whom the Agreement is enteredM/s. Ksheer...

Power Finance Corporation Ltd. Transfers South Kalamb Power Transmission Limited to Adani Energy Solutions Power Finance Corporation Ltd. (PFC) announced the transfer of South Kalamb Power Transmission Limited, a wholly-owned subsidiary of PFC Consulting Limited, to Adani Energy Solutions Limited on March 30, 2026. The transfer follows a bidding process completed on the same date.South Kalamb Power Transmission Limited was established for the development of the "Network Expansion Scheme for drawal of power at South Kalamb S/s: Part A." The transaction involved a consideration of Rs. 12,53,27,500 as per the Share Purchase Agreement.Adani Energy Solutions Limited is the successful bidder and does not belong to the promoter or promoter...

Diamond Power Infrastructure Ltd. Receives Letter of Intent for Cable Supply Order Diamond Power Infrastructure Ltd. announced it has received a letter of intent from Gujarat Energy Transmission Corporation Limited for the supply of cables. The order is valued at Rs. 60,53,40,000 inclusive of GST.The order involves the supply of 270 km of cables, with an execution timeframe of four months from the date of the purchase order.According to company disclosures, neither the promoters, promoter group, nor group companies have any interest in Gujarat Energy Transmission Corporation Limited. The order does not constitute a related party transaction.SI. No.Particulars in respect of the eventDetails/Information of the event1Nameof...

Indian Emulsifiers Limited Increases Authorized Share Capital Indian Emulsifiers Limited announced on Monday, March 30, 2026, that its Board of Directors approved an increase to the company’s authorized share capital.The authorized share capital is being raised from Rs. 20,00,00,000, divided into 2,00,00,000 equity shares of Rs. 10 each, to Rs. 32,00,00,000, divided into 3,20,00,000 equity shares with a face value of Rs. 10 each. This increase involves the creation of an additional 1,20,00,000 equity shares, ranking pari passu with existing shares.The Board also approved the draft postal ballot notice and appointed Mr. Nikunj Kanabar, Proprietor of M/s Nikunj Kanabar & Associates, as the Scrutinizer for the e-voting process. The...

Dabur India Limited to Convene Meeting of Unsecured Creditors Regarding Amalgamation Scheme Dabur India Limited announced on March 30, 2026, that it will hold a meeting of its unsecured creditors. The meeting is being convened following an order from the Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench, in connection with the proposed Scheme of Amalgamation between Sesa Care Private Limited and Dabur India Limited.The meeting will take place on Saturday, May 02, 2026, at 1:00 P.M. (IST) via video conference/other audio visual means. The purpose of the meeting is to consider and potentially approve the proposed Scheme of Amalgamation with or without modifications.Detailed instructions for joining the meeting through...

Wakefit Innovations Limited Appoints Nitesh Prakash as Senior Vice President - Home Interiors Wakefit Innovations Limited announced the appointment of Nitesh Prakash as Senior Vice President - Home Interiors, effective March 30, 2026. The appointment was approved by the company's Board of Directors following a recommendation from the Nomination and Remuneration Committee.Nitesh Prakash brings over a decade of experience as an operations leader, entrepreneur, and business builder. He is an alumnus of IIT Bombay (B.Tech + M.Tech in Chemical Engineering). Previously, he served as VP - Operations at Ola Electric and Senior Director at Ola (ANI Technologies Pvt. Ltd). He also founded O' Be Cocktails and has held positions at Foodpanda...

Music Broadcast Ltd. Receives Income Tax Demand Order Music Broadcast Ltd. announced today, March 30, 2026, that it received a demand order from the Office of Assistant Commissioner of Income Tax, Circle 14(1)(1), Mumbai. The order, dated March 27, 2026, pertains to the assessment year 2010-11 and amounts to Rs. 24,46,476.According to the company, the order was received at approximately 3:59 PM on March 30, 2026. Music Broadcast Ltd. plans to file an appeal against the order.The company stated that the demand order is not expected to have a material adverse financial impact at this stage, citing a preliminary assessment and legal advice suggesting reasonable grounds for a successful appeal.Source:

Alkem Laboratories Incorporates Wholly Owned Subsidiary in UAE Alkem Laboratories Limited announced the incorporation of a wholly owned subsidiary, Alkem Pharmaceuticals Scientific Office FZ LLC, in Dubai Healthcare City, UAE, on March 30, 2026.The new subsidiary, Alkem Pharmaceuticals Scientific Office FZ LLC, has an authorized share capital of AED 3,670,000, divided into 3,670 equity shares of AED 1,000 each. The subscribed capital is AED 3,670,000, comprising 3,670 equity shares of AED 1,000 each. The subsidiary will undertake activities related to manufacturing products and obtaining product registrations, excluding trading activities.The acquisition constitutes a related party transaction as Alkem Pharmaceuticals is a wholly...

Aurobindo Pharma to Complete Stake Acquisition in Swarnaakshu Solar Power Private Limited by June 30, 2026 Aurobindo Pharma Ltd. announced an update regarding its solar power purchase agreement and acquisition of a stake in Swarnaakshu Solar Power Private Limited. The company had previously indicated intentions to complete these initiatives by March 31, 2026.The investment for acquiring up to 26% in Swarnaakshu will now be completed on or before June 30, 2026. This timeline is contingent on receiving approval from the concerned state government for setting up a captive solar power plant. The company had previously informed stakeholders about this initiative through letters dated February 6, 2025, March 28, 2025, June 30, 2025...

Bodhi Tree Multimedia Acquires 50.01% Stake in Moving Image Studios Private Limited Bodhi Tree Multimedia Ltd. has completed the acquisition of a 50.01% equity stake in Moving Image Studios Private Limited (MISPL), according to a filing dated March 30, 2026. The acquisition follows an agreement executed on December 24, 2025, and finalized on December 31, 2025.The total consideration for the acquisition amounts to Rs. 70,013,994.40. This comprises 10,004 equity shares, with a face value of Rs. 10 each, acquired at a premium of Rs. 6,988.60 per share.As a result of this acquisition, Moving Image Studios Private Limited has become a subsidiary of Bodhi Tree Multimedia Limited. The company has also indicated an additional planned...

Coal India Limited Divests Shares in Subsidiary, Central Mine Planning & Design Institute Limited Coal India Limited announced the successful initial public offering (IPO) of equity shares of its subsidiary, Central Mine Planning & Design Institute Limited, on March 30, 2026. The IPO involved the sale of 107,100,000 equity shares at a price of ₹172.00 per share.Central Mine Planning & Design Institute Limited is now listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited, effective March 30, 2026.As a result of the share sale, Coal India Limited’s ownership in Central Mine Planning & Design Institute Limited has decreased from 100% to 85%, representing a reduction from 714,000,000 equity shares to...

Nucleus Software Exports Ltd. Receives Order Regarding TDS Interest Demand Nucleus Software Exports Ltd. announced today, March 30, 2026, that it received an order from the Income Tax Department in Delhi related to the assessment year 2020-21. The order stipulates an interest demand of INR 46,382 due to late deduction of TDS.According to the company, the order will have no material impact on its financials, operations, or other activities.S. No.ParticularsInformation of such event(s)1Name of the authorityIncome Tax Department, Delhi2Nature and details of the action(s) taken, initiated or order(s) passedAssessing officer passed the order against the Company for the AY 2020-21 wherein interest demand of INR 46,382/- is raised...

Promoter Group Increases Stake in Indo Farm Equipment Ltd. Indo Farm Equipment Ltd. announced that Mr. Shubham Khadwalia and Ms. Diksha Khadwalia, part of the company’s Promoter Group, acquired 135,203 equity shares through open market purchases on March 27, 2026, and March 30, 2026.The acquisition has resulted in an increase in the Promoter and Promoter Group’s collective shareholding from 70.35% to 70.62% on a fully diluted basis. The company’s shares are listed on the BSE under the symbol INDOFARM and BSE Scrip Code 544328, and on the NSE under the symbol INDOFARM.Source:

Birlasoft Announces Leadership Changes Birlasoft Limited announced several leadership changes on March 30, 2026, following the resignations of key personnel. The company’s Board of Directors approved the appointments to fill the vacated roles, all effective April 1, 2026.Ms. Priti Kataria resigned as Chief Human Resources Officer and Senior Management Personnel, citing personal reasons. Mr. Arun Rao has been appointed as her successor. Mr. Rao most recently held the role of Group Head - Leadership Development at the CKA Birla Group. He brings over three decades of experience in human resources and leadership development.Mr. Selvakumaran Mannappan also resigned as Chief Operating Officer, citing personal reasons. Mr. Vikram Puranik...

Bhagyanagar India Limited Appoints New Company Secretary and Compliance Officer Bhagyanagar India Limited announced the appointment of Mr. Sanjay Singh Rathore as the Company Secretary and Compliance Officer, effective March 30, 2026. The decision was made by the Board of Directors following recommendations from the Nomination and Remuneration Committee. Mr. Rathore holds Membership No. ACS 66136.According to a company statement, Mr. Rathore is an Associate Member of the Institute of Company Secretaries of India. He holds a Master's degree in Commerce and possesses experience in company law and accountancy.The appointment aligns with Section 203 of the Companies Act, 2013, and Regulation 6(1) of the Securities and Exchange Board of...

IL&FS Transportation Networks Ltd. to Seek Board Approval for Record Date for Interim Distribution IL&FS Transportation Networks Ltd. announced it will seek approval from its Board of Directors on Tuesday, April 7, 2026, to set a record date for the payment of the Third Interim Distribution to its debenture holders.The record date, once finalized, will be communicated to the stock exchanges. IL&FS Transportation Networks Ltd. is listed on the Bombay Stock Exchange under Scrip Code No: 533177 and the National Stock Exchange of India Limited under Scrip Code No: IL&FSTRANS EQ.Source:

Race Eco Chain Ltd. Corporate Office Searched by GST Department Race Eco Chain Ltd. announced that a search operation was conducted by the GST Department on March 27, 2026, at the company’s corporate office in Noida, Uttar Pradesh. The search began at 4:40 PM and concluded at 11:30 PM on the same day.The search was conducted by the Commissioner, CGST Commissionerate, Noida. No search authorization direction or order was issued. The company reported no violations or contraventions.The impact on the financial, operational, or other activities of Race Eco Chain Ltd. is yet to be determined and will be quantified in monetary terms to the extent possible.Race Eco Chain Limited is headquartered at Shop No. 37, Shanker Market, Connaught...

Supra Pacific Financial Services Ltd. Announces Rights Issue Allotment Supra Pacific Financial Services Ltd. announced the allotment of 1,58,52,525 equity shares on a rights basis to eligible shareholders. The rights issue opened on March 20, 2026, and closed on March 27, 2026. The shares were allotted at a price of ₹23 per share, including a premium of ₹13.The company’s paid-up equity share capital has increased from ₹33,28,77,410, comprising 3,32,87,741 fully paid-up equity shares, to ₹49,14,02,660, comprising 4,91,40,266 fully paid-up equity shares.The details of the pre and post-issue paid-up share capital are as follows:ParticularsNo. of Equity SharesFace ValuePaid-up share capital (Pre-Rights Issue)3,32,87,741₹10...

Netlink Solutions India Ltd. Appoints New Chief Financial Officer Netlink Solutions India Ltd. announced on March 30, 2026, that Mr. Punitbhai Bavanjibhai Lakkad has resigned from his position as Chief Financial Officer (CFO), effective March 30, 2026, due to pre-occupation and personal reasons.The company has appointed Mrs. Kajal Baldha as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective March 31, 2026. Mrs. Baldha brings over 10 years of experience in services, advisory, and consultancy businesses. She is currently associated with Arix Capital Limited as a Director since April 2019. She holds a Bachelor of Science degree from Veer Narmad South Gujarat University.The Board of Directors’ meeting...

Kansai Nerolac Paints Faces Tax Assessments, Maintains No Material Impact Kansai Nerolac Paints Limited announced on March 30, 2026, orders passed under Section 74 of the Central Goods and Services Tax Act, 2017 (CGST Act). The company disclosed the information in accordance with Securities and Exchange Board of India (SEBI) regulations.Assessment Year 2017-18 The Commissioner Appeals II, CGST & Central Excise, Mumbai, confirmed a penalty of Rs. 2,78,89,642 for disallowance of transitional Input Tax Credit claimed by the company during fiscal year 2017-18 for the state of Maharashtra. The company intends to appeal the order before the GST Tribunal.Assessment Year 2019-20 The Deputy Commissioner, CGST Division-West, CGST Faridabad...