Markets

Usha Financial Services Limited Approves Second Tranche of Debenture Allotment Usha Financial Services Limited announced on Saturday, March 28, 2026, the approval of the second tranche of 12% Secured Redeemable Non-Convertible Debentures (Series P) on a private placement basis. The decision was made at a board meeting held at the company's corporate office in Ghaziabad, Uttar Pradesh.The board meeting, which commenced at 11:00 A.M. and concluded at 11:30 A.M., also deferred an agenda item regarding the proposal for the issuance of Non-Convertible Debentures (Series Q) on a private placement basis, previously announced on March 26, 2026.Additional details are available on the company’s website at https://www.ushafinancial.com/...

NTPC Ltd. Approves Battery Storage System and Commits Additional Equity to Joint Venture NTPC Limited (NTPC) announced approvals from its Board of Directors for key strategic initiatives on March 28, 2026. The board approved an investment proposal for a Battery Energy Storage System (BESS) with a total capacity of 4.70 GWh, carrying an estimated project cost of Rs. 5,821.90 Crore.Additionally, NTPC committed an additional equity of Rs. 3,173.67 Crore to Meja Urja Nigam Private Limited (MUNPL), a joint venture company with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL). This investment will bring the total equity commitment in MUNPL to Rs. 5,000 Crore. The release of this additional equity is contingent on UPRVUNL’s...

Gujarat Ambuja Exports Begins Commercial Production at New Maltodextrin Facility Gujarat Ambuja Exports Limited announced the commencement of commercial production at its new Maltodextrin facility in Hubli, Karnataka, effective Saturday, March 28, 2026, at approximately 10:45 a.m.The new facility increases the company’s total installed capacity for Maltodextrin production at Hubli from 7,000 metric tons per annum (MTPA) to 23,000 MTPA.The information is available on the company’s website at www.ambujagroup.com.Source:

Lactose India Ltd. Holds NCLT-Convened Meeting Lactose India Ltd. held a meeting of its equity shareholders on Saturday, March 28, 2026, starting at 10:30 A.M. and concluding at 10:51 A.M. The meeting was conducted electronically via video conferencing or other audio-visual means.The meeting was convened under an order dated February 12, 2026, passed by the National Company Law Tribunal (NCLT) Ahmedabad Bench, to consider and approve a scheme of amalgamation between Vitanosh Ingredients Private Limited and Lactose (India) Limited, along with their respective shareholders.Mr. Laxman Madnani, a member appointed by the NCLT, chaired the meeting. Shareholders were provided with a facility for remote e-voting, which was available from...

Keerthi Industries Limited Announces Effective Date for Electronics Division Slump Sale Keerthi Industries Limited, formerly Suvarna Cements Limited, announced that the effective date of the Business Transfer Agreement (BTA) for the sale and transfer of its Electronics Division is March 31, 2026. The agreement, initially approved by the Audit Committee and Board of Directors on May 29, 2025, and subsequently by shareholders on July 10, 2025, involves a slump sale to Keerthi Holdings Private Limited, formerly known as Hyderabad Bottling Co. Private Limited.The consideration for the sale is INR 36 crore, received as of December 1, 2025. Proceeds from the sale will be used to repay bank facilities consisting of term loans and cash...

Senores Pharmaceuticals Allots Warrants in Preferential Issue Senores Pharmaceuticals Limited announced the allotment of 11,70,000 warrants convertible into equity shares on a preferential basis. The decision, made at a board meeting held on March 28, 2026, follows approvals from members on January 31, 2026, and in-principle approvals from the BSE Limited and National Stock Exchange of India Limited on March 13, 2026.The warrants, each carrying the right to subscribe to one equity share, have an exercise price of ₹812 per warrant. The total value of the allotment aggregates to ₹95,00,40,000. Allottees paid ₹203 per warrant, amounting to ₹23,75,10,000, at the time of allotment.The warrants were allotted to:Name of the...

Crizac Limited to Invest $2.5 Million in AI-Based Education Technology Platform Kolkata, March 28, 2026 – Crizac Limited, a B2B education platform headquartered in Kolkata, announced a strategic initiative to develop an AI-based education technology platform through its subsidiary, EduMentor. The company intends to invest $2.5 million over a five-year strategic integration roadmap.Crizac Limited serves over 135 global higher education institutions across the United Kingdom, United States of America, Canada, the Republic of Ireland, Australia, New Zealand, and the United Arab Emirates, leveraging a network of more than 10,000 registered agents. EduMentor is positioned as a strategic complement to Crizac’s existing technology-led...

Orchasp Limited Receives Spot Memo Regarding GST Audit Orchasp Limited announced today, March 28, 2026, that it received a spot memo from the Office of the Commissioner of Goods and Services tax (Central tax), Hyderabad Audit, Hyderabad. The memo pertains to a GST audit covering the period 2020-21 to 2023-24.The notice was received via email on March 27, 2026, at 3:49 PM. The spot memo relates to alleged violations concerning the mechanism under Section 20 of the IGST Act of 2017, specifically non-payment of GST on imported services under the reverse charge mechanism, and Section 74 of the CGST/SGST Act of 2017.The potential financial impact of this matter is quantified at Rs. 12,58,59,446, along with applicable interest and...

Sayaji Hotels Announces Promoter Group Share Sale to Meet Minimum Public Shareholding Requirements Sayaji Hotels (Indore) Ltd. announced on March 28, 2026, that MP Entertainment and Developers Private Limited, a member of the Promoter Group, intends to sell equity shares to comply with Minimum Public Shareholding (MPS) requirements. This action follows an increase in Promoter/Promoter Group shareholding due to an Open Offer by Century 21 Officespace Private Limited and its Persons Acting in Concert (PACs) as per SEBI regulations.The sale aims to restore the Company's public shareholding to the prescribed level within a stipulated timeline.Here's a summary of the proposed share sale:DetailInformationIntention and Purpose of...

Tata Steel Receives Order Regarding Revision Application for Coal Production Tata Steel Limited announced on March 28, 2026, that it has received an order from the Hon'ble Revisional Authority, Ministry of Coal, Government of India, concerning Revision Application(s) Nos. 38, 39 and 40 of 2026. These applications challenge Demand Notice(s) issued by the District Mining Officer in Dhanbad, Jharkhand, alleging excess coal production beyond permissible limits at the company's Jharia collieries during the period FY2000-01 to FY2016-17. The total amount of the demand notice is ₹385.19 crore.The Revisional Authority has admitted the Revision Application(s) for consideration and directed the State Authorities of Jharkhand to refrain from...

Thermax Wins Rs. 1,600 Crore Boiler Package Order for Ultra-Supercritical Power Plant Pune, March 27, 2026 – Thermax announced today that Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), a wholly owned subsidiary, has secured a significant boiler package supply order valued at approximately Rs. 1,600 crore. The order is from a leading thermal power projects company in Central India for a 1x800 MW ultra-supercritical thermal power plant.The project scope encompasses manufacturing, supply, supervision of installation and commissioning, and performance testing of the boiler package. Execution will follow the project milestones and delivery schedules outlined in the contract.“This order marks a significant breakthrough for...

Hindustan Petroleum Corporation Limited Announces Changes to its Board of Directors Hindustan Petroleum Corporation Limited (HPCL) announced changes to its board of directors, effective March 28, 2026. The changes follow the completion of tenure for two independent directors.Shri Bechan Lal (DIN: 09397116) and Smt. Sharda Singh Kharwar (DIN: 09414443) have ceased to be Independent Directors of the company. Their tenures concluded on March 27, 2026.Source:

Keerthi Industries Limited Approves Addendum to Business Transfer Agreement Keerthi Industries Limited (formerly Suvarna Cements Limited) announced on March 28, 2026, that its Board of Directors approved an addendum to the Business Transfer Agreement with Keerthi Holdings Private Limited (formerly Hyderabad Bottling Co. Private Limited). The agreement pertains to the slump sale of the company’s Electronics Business.The initial Business Transfer Agreement was approved by the Audit Committee and Board of Directors on May 29, 2025, and subsequently by shareholders on July 10, 2025. The effective date of the agreement is March 31, 2026.According to the Electronics Business Transfer Agreement, the consideration for the sale is INR 36...

Cords Cable Industries Ltd. Includes Naveen Sawhney HUF in Promoter Group Cords Cable Industries Ltd. announced the inclusion of Naveen Sawhney HUF within its promoter group, effective March 27, 2026. The decision, made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, reflects the HUF's alignment with the definition of promoter group.Naveen Sawhney HUF is represented by Karta Mr. Naveen Sawhney, with Mrs. Adarsh Sawhney as a coparcener. The HUF holds 12,700 equity shares, representing 0.098% of the company’s outstanding shares.Details regarding the inclusion are as follows:DetailInformationHUF NameNaveen Sawhney HUFKarta NameNaveen SawhneyCoparcener NameMrs. Adarsh Sawhney...

Prismx Global Ventures Ltd. Shareholders Approve Resolutions at EOGM Prismx Global Ventures Limited announced that all resolutions were duly approved by shareholders at its Extra Ordinary General Meeting (EOGM) held on March 26, 2026. The meeting was conducted through Video Conference/Other Audio Video Means.A record of 71,346 shareholders were on the books as of the record date of March 19, 2026. A total of 67 members were present at the meeting via Video Conferencing.The voting results, encompassing remote e-voting and e-voting at the EOGM, were scrutinized by Mr. Jay Bhatt & Associates, Practicing Company Secretary.One resolution involved the reclassification of persons forming part of the promoter/promoter group from the...

Commercial Syn Bags Ltd. Postpones Board Meeting, Reschedules for Warrant Conversion and Routine Business Commercial Syn Bags Limited (COMSYN) announced the postponement and rescheduling of its board meeting initially planned for March 28, 2026, to March 30, 2026. The meeting was rescheduled due to unavoidable circumstances.The board will now convene at the company’s registered office to consider and approve the conversion of warrants into equity shares issued to the promoter group, contingent on the deposit of the remaining outstanding amount. The meeting will also address other routine business items.Trading window for company insiders, including directors, designated employees, and other covered individuals, was closed on March...

Arvind SmartSpaces Acquires Equity Shares Through ASL ESOP Trust March 28, 2026: Arvind SmartSpaces Limited (ASL), a real estate development company part of the Lalbhai group, announced that the ASL ESOP Trust acquired 4,58,670 equity shares from the open market on March 27, 2026. This acquisition represents approximately 1% of the company's outstanding equity.The creation of the ASL ESOP Trust is designed to build a high-performance, ownership-driven organization aligning employee interests with long-term shareholder value creation. The trust is expected to support the company’s growth ambitions by developing organizational depth and leadership bandwidth.This development follows a recent acquisition of approximately 4% equity stake...

CIAN Agro Industries Receives NCLT Approval for Resolution Plan CIAN Agro Industries & Infrastructure Ltd. announced on March 28, 2026, that the Hon’ble National Company Law Tribunal (NCLT) Mumbai Bench approved the Resolution Plan submitted by the company in the matter of M/s. Shubhada Tool Industries Private Limited. Shubhada Tool Industries, incorporated on March 15, 2014, is involved in the manufacturing of hand tools including spanners, pliers, pipe wrenches, and angle handles, with a production capacity of 300 metric tons per month. The company was undergoing an insolvency and bankruptcy code (IBC) process. A certified copy of the NCLT order is pending and will be submitted to the Bombay Stock Exchange upon receipt. CIAN Agro...

Span Divergent Ltd. Allots Shares on Preferential Basis Span Divergent Limited announced the allotment of 18,01,481 equity shares on a preferential basis to Mr. Neev Nirav Jogani. The decision followed a board meeting held on January 23, 2026, and shareholder approval at an Extraordinary General Meeting on February 20, 2026.The shares were allotted at an issue price of Rs. 32.16 per share, including a premium of Rs. 22.16. Mr. Jogani paid a total of Rs. 5,79,35,628.96 for the allotment.The company's paid-up equity share capital before and after the allotment is detailed below:ParticularsNumber of Equity SharesAmount (In Rs.)Pre-allotment paid up share capital54,61,7475,46,17,470Post-allotment paid up share...

Pajson Agro India Ltd. Appoints New Chief Financial Officer, Clarifies Role Change for Departing CFO Pajson Agro India Ltd. announced a change in financial leadership on March 28, 2026, clarifying the ongoing association of former Chief Financial Officer (CFO) Ajit Kumar with the company.Ajit Kumar has transitioned from the role of CFO to Vice President - Finance Department, continuing his employment with Pajson Agro India Ltd. This adjustment reflects a shift in his personal responsibilities within the organization.The company has appointed Nitan Garg as the new Chief Financial Officer. Mr. Garg possesses over 18 years of experience across diverse sectors including FMCG, Beverages, Alcobev, Pharmaceuticals, and Agro-Commodities...