Markets

ZF Steering Gear India Ltd. Resolves Tax Deduction Appeals, No Additional Financial Impact Pune, India – March 30, 2026 – ZF Steering Gear India Ltd. announced a resolution regarding ongoing appellate proceedings related to income tax deductions for assessment years 1995-96 to 2004-05. The Income Tax Appellate Tribunal, Pune Bench, had previously directed the case back to the Commissioner of Income Tax (Appeals) for further review.The CIT(A)-28, Delhi, issued orders on March 27, 2026, disposing of the appeals and disallowing the company’s claim for deduction under Sections 80-IA and 80-IB of the Income-tax Act.ZF Steering Gear India Ltd. confirmed that the full tax demand resulting from these disallowances had been settled prior...

Kaveri Seed Company Limited Grants Stock Options to Employees Kaveri Seed Company Limited announced that its Nomination and Remuneration Committee (NRC) approved the grant of 142,352 stock options to eligible employees on March 30, 2026. The options can be exercised for an equivalent number of fully paid equity shares with a face value of Rs.2/- each. The shares were acquired by the Kaveri Employees Trust via the secondary market route under the Kaveri Seed Employee Stock Option Plan 2024.The grant aligns with SEBI’s Share Based Employee Benefits & Securities Regulations, 2021.Key details of the ESOP grant are as follows:Number of Options Granted: 142,352 Shares Covered: 142,352 Equity Shares Exercise Price: Rs.790 per option...

Lodha Developers Limited Allots ₹500 Crore in Debentures Lodha Developers Limited announced the allotment of ₹500 crore through the issuance of 50,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures (NCDs) on a private placement basis. The Executive Committee of the Board approved the allotment on March 30, 2026.The debentures have a face value of ₹100,000 each. They will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited.Here's a summary of the key details:ParticularsDetailsSize of the Issue₹500 Crore (50,000 NCDs of ₹100,000 each)ListingWholesale Debt Market segment of National Stock Exchange of India LimitedTenureDate of...

IndusInd Bank Announces Promoter Share Encumbrance and Release IndusInd Bank Limited announced on March 30, 2026, that promoters IndusInd International Holdings Limited and IndusInd Limited disclosed information regarding the encumbrance and subsequent release of shares, in compliance with SEBI regulations.According to filings, IndusInd International Holdings Limited released a pledge on 3,17,85,006 shares, representing 4.08% of the total share capital. IndusInd Limited released a pledge on 2,79,78,546 shares, representing 3.59% of the total share capital. The release occurred on March 27, 2026.Prior to the release, IndusInd International Holdings Limited held 8,95,37,464 shares, representing 11.49% of the total share capital, while...

Kamdhenu Ltd. Pays 75% Towards Warrant Conversion in Kamdhenu Ventures Limited Kamdhenu Limited announced it has paid an amount of Rs. 7,46,89,500 towards the conversion of 1,46,45,000 warrants into Equity Shares of Kamdhenu Ventures Limited (KVL). This represents 75% of the total amount due for the conversion.The conversion follows an earlier intimation made on March 21, 2026, regarding the allotment of 2,96,45,000 warrants convertible into Equity Shares to Kamdhenu Ventures Limited. KVL will allot 1,46,45,000 Equity Shares to the Company upon conversion.Details of Kamdhenu Ventures Limited (KVL):ParticularsDetailsAuthorized CapitalRs. 3650.00 LakhsPaid Up Capital (Non Diluted)Rs. 3143.55 LakhsStandalone Turnover (FY...

RPSG Ventures Limited Announces Leadership Changes RPSG Ventures Limited announced several leadership changes following a board meeting held on March 30, 2026.Mr. Sudip Kumar Ghosh resigned from his position as Company Secretary, effective March 31, 2026, to pursue a role as a Whole-time Director and Key Managerial Personnel within the organization. Subsequently, the board appointed Mr. Sayak Chatterjee as the new Company Secretary and Key Managerial Personnel, effective April 1, 2026. Mr. Chatterjee is a member of the Institute of Company Secretaries of India and has also been nominated as the 'Nodal Officer' of the Company under the IEPF Rules.Furthermore, Mr. Ghosh was appointed as an Additional Director and Whole-time Director...

Standard Capital Markets Ltd. Completes Partial Redemption of Non-Convertible Debentures Standard Capital Markets Ltd. announced the partial redemption of a portion of its Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures (NCD-1) on March 30, 2026. The redemption was approved by the company’s Board of Directors via circulation.The company redeemed 123 non-convertible debentures, each with a face value of ₹10,00,000, totaling ₹12,30,00,000. These debentures were initially allotted to holders on July 30, 2024, following a request from the debenture holder dated July 18, 2024.The redemption was conducted in accordance with the terms and conditions established at the time of the debentures’ issuance. Following this...

Avio Smart Market Stack to Expand Indian Overseas Bank’s Rural Banking Outreach National, India – March 30, 2026 – Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics India Limited, has secured a Purchase Order from Indian Overseas Bank to implement Corporate Business Correspondent (CBC) services under the bank's Financial Inclusion Technology initiative.The order, awarded following ASMS’ participation in the bank’s RFP process, covers engagement, deployment, and management of Business Correspondent Agents (BCAs), alongside cash handling and field-level service delivery. The contract's initial duration is three years, with potential for extension based on performance and at the discretion of Indian Overseas Bank...

Danish Power Limited Secures Order Worth Rs. 36.33 Crores Danish Power Limited announced today, March 30, 2026, that it has been awarded an order valued at approximately Rs. 36.33 crores (exclusive of GST) from a Reputed Distribution Utility Company. The order is for the supply of Distribution Transformers with various ratings.The contract requires execution within one year. The total value of the awarded orders is INR 36.33 crores.The order involves the supply of Distribution Transformers with various ratings. Neither the promoter nor the promoter group companies have any interest in the entity that awarded the order, and the transaction does not constitute a related party transaction.Source:

Dar Credit & Capital Ltd. Allots ₹15 Crore in Non-Convertible Debentures Dar Credit & Capital Limited announced on March 30, 2026, that its Board of Directors approved the allotment of ₹15,00,00,000 (Rupees Fifteen Crores only) in 12.75% Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures (NCDs). The meeting commenced at 12:00 p.m. and concluded at 12:15 p.m.The company issued 15,000 NCDs, each with a face value of ₹10,000, on a private placement basis.Key details of the NCDs are as follows:NCD DetailsParticularsDisclosureType of Securities12.75% Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures (NCDs)Type of IssuanceIssue of NCDs on a...

Jash Engineering Limited Declares Interim Dividend for Fiscal Year 2025-26 Jash Engineering Limited announced on Monday, March 30, 2026, that its Board of Directors has declared an interim dividend of Rs. 0.60 per equity share. The dividend applies to shares with a face value of Rs. 2 each, for the Financial Year 2025-26. The record date for determining shareholder eligibility for the interim dividend payment is Friday, April 10, 2026. The dividend will be paid within the legally mandated timeframe.The Board meeting commenced at 11:00 AM IST and concluded at 11:55 AM IST.Source:

Sterlite Technologies Ltd. Allots Warrants to Twin Star Overseas Limited March 30, 2026 - Sterlite Technologies Ltd. announced the allotment of warrants to Twin Star Overseas Limited, a promoter of the company, on a preferential basis via private placement. The Authorization and Allotment Committee of the Board of Directors approved the allotment of 4,53,00,000 warrants at a price of ₹110 per warrant. Each warrant is convertible into one fully paid-up equity share with a face value of ₹2 and a premium of ₹108. The warrants can be exercised within 18 months from the date of allotment.The table below details the warrant allotment:AllotteeCategoryNumber of Warrants AllottedPrice Per Warrant (₹)Paid-up Value Per Warrant...

Zee Learn Ltd. Announces Departure of Independent Director Zee Learn Ltd. announced on March 30, 2026, that Ms. Nanette D’sa has stepped down from her role as an Independent Director due to the completion of her second term. The change is effective as of March 30, 2026.The Board of Directors expressed appreciation for Ms. D'sa's contributions and guidance during her tenure with the company.Details of DepartureParticularsInformationReason for ChangeCompletion of second term as Independent DirectorDate of CessationMarch 30, 2026Ms. D’sa previously served as Chairperson of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee.Source:

Jamna Auto Industries Allots Shares Under Employee Stock Option Scheme Jamna Auto Industries Limited announced the allotment of equity shares under its Employee Stock Option Scheme (ESOP) 2017. The company’s Compensation Committee approved the allocation of 75,500 fully paid equity shares to eligible employees on March 28, 2026, following the exercise of vested options.The newly allotted shares rank pari-passu with existing equity shares of the company. The exercise price per share was Rs. 50.00, with a premium of Rs. 49.00 per equity share.Following this allotment, the total issued shares stand at 399,786,635, and the total issued share capital is Rs. 399,786,635.Details of the share allotment are presented below...

Simran Farms Ltd. Allots Equity Shares, Schedules Postal Ballot Simran Farms Ltd. announced the allotment of equity shares following the conversion of warrants and scheduled a postal ballot for a proposed resolution, according to a company statement released on March 30, 2026.The Board of Directors approved the conversion of 10,18,300 warrants into an equivalent number of equity shares. The allotment was made to members of the promoter group and other individuals, with an issue price of Rs. 155 per share, which included a premium of Rs. 145 per share. Warrant holders paid the remaining 75% subscription amount of Rs. 116.25 to complete the conversion.Furthermore, the Board authorized the Company Secretary to oversee the postal ballot...

Super Sales India Ltd. Reverts to Six-Day Work Week at Gears Unit Super Sales India Ltd. announced a change in operational schedules for its Engineering Division-Gears unit, effective March 31, 2026. The company is reverting to a six-day work week.This decision follows a previous disclosure dated September 25, 2024.Source:

Premier Energies Commissions 5.6 GW Solar Facility, Reaching 11.1 GW Module Capacity Hyderabad, 30 March 2026 – Premier Energies Limited has commissioned a 5.6 GW solar module manufacturing facility in Seetharampur, Telangana, with production now underway. The 75-acre facility is expected to create approximately 2,000 jobs and bolster the local economy, contributing to India’s clean energy manufacturing capabilities.With this addition, Premier Energies’ total solar module capacity has reached 11.1 GW, strengthening its position as a leading solar manufacturer in India. The new facility utilizes advanced, highly automated manufacturing lines, producing four G12R TOPCon high-efficiency modules every 16 seconds. The automated process...

Zee Learn Ltd. Announces Departure of Independent Director Zee Learn Ltd. announced that Ms. Nanette D’sa’s tenure as an Independent Director concluded on March 29, 2026. The change is effective from March 30, 2026.According to a filing, Ms. D’sa’s departure follows the completion of her second term on the Board. The company expressed appreciation for her contributions, guidance, and services during her time with Zee Learn.The following table summarizes the details of the change:ParticularsInformationReason for ChangeCompletion of second term as an Independent DirectorDate of CessationMarch 30, 2026Ms. D’sa previously served as Chairperson of the Audit Committee, Nomination & Remuneration Committee, Stakeholders...

MobiKwik Partners with Rajasthan Royals as Official Payments Partner for IPL 2026 Gurugram, March 30, 2026: MobiKwik (ONE MOBIKWIK SYSTEMS LIMITED; BSE: 543727 |NSE: MOBIKWIK) announced a partnership with the Rajasthan Royals (RR) designating MobiKwik as the franchise's Official Payments Partner. The collaboration aims to connect with a young, aspirational audience and will involve co-branded marketing campaigns, on-ground activations, and digital integrations.The partnership seeks to leverage MobiKwik's payment ecosystem for UPI, Personal Loans, and Bill Payments, alongside RR’s digitally native fanbase. The 2026 Rajasthan Royals squad includes players such as Yashashvi Jaiswal, Ravindra Jadeja, Vaibhav Suryavanshi, Riyan Parag...

Tube Investments of India Limited Invests ₹250 Crore in Subsidiary Tl Clean Mobility Private Limited Tube Investments of India Limited (TII) and its subsidiary, Tl Clean Mobility Private Limited (TICMPL), have entered into a Subscription Agreement for the subscription of Compulsorily Convertible Preference Shares (CCPS) amounting to approximately ₹250 crore in TICMPL. Simultaneously, TII and TICMPL have executed an Amended and Restated Shareholders' Agreement with the investors of TICMPL.TICMPL operates within the electric mobility sector. The fund raising is intended to scale up the operations of TICMPL and its subsidiaries.TII currently holds a stake in TICMPL, comprised of 25 crore equity shares with a face value of ₹10 each, and...