Markets

Gujarat Fluorochemicals Subsidiary GFCL EV Raises USD 80 Million in Additional Funding Noida, March 27, 2026 – Gujarat Fluorochemicals Limited (GFL), India's leading fluorochemicals company, announced that its subsidiary, GFCL EV, a global integrated battery materials company, has secured an additional USD 80 million from a global investor. This investment complements the previously raised USD 50 million from the International Finance Corporation (IFC), a member of the World Bank Group (WBG).The funding will support high-value manufacturing, job creation, strengthen GFCL EV's position in global supply chains, and advance priorities of energy security, transport electrification, and local value creation.GFCL EV aims to reinforce...

Craftsman Automation Limited Extends Deadline for Asset Sale to Shriram Pistons & Rings Coimbatore – March 27, 2026 – Craftsman Automation Limited announced an extension to the long stop date for the asset purchase agreement with Shriram Pistons & Rings Limited (SPRL). The agreement, initially entered into on December 19, 2025, and previously updated on December 31, 2025, concerns the sale of certain plant and machinery and related assets for the Piston Manufacturing Business.The long stop date has been extended from March 31, 2026, to June 30, 2026. An amendment agreement was executed on March 27, 2026, to reflect this change. The closing formalities for the second tranche of the proposed transaction are now anticipated to be...

State Bank of India Shareholders Approve Material Related Party Transactions State Bank of India (SBI) held a General Meeting of shareholders on March 27, 2026, conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting commenced at 3:00 PM (IST) and concluded at 3:35 PM (IST).Shareholders at the meeting approved several material related-party transactions involving the bank and various entities. These transactions included dealings with SBI Life Insurance Company Limited, SBI Cards and Payments Services Limited, SBI Payment Services Private Limited, SBI DFHI Limited, SBI (Mauritius) Limited, PT Bank SBI Indonesia, Nepal SBI Bank Limited, Yes Bank Limited, SBI Capital Markets Limited, SBI General Insurance...

AK Capital Services Ltd. Invests INR 25 Crores in Subsidiary A. K. Capital Finance Limited Mumbai, March 27, 2026 – AK Capital Services Limited announced that its Banking and Investment Committee approved an investment of INR 25 crores in its subsidiary, A. K. Capital Finance Limited (AKCFL). The investment will be made through the subscription of 25,00,000 Non-Cumulative Compulsorily Convertible Preference Shares (CCPS) with a face value of INR 100 each.AKCFL, registered with the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit Accepting Middle Layer Non-Banking Financial Company (NBFC-ND-SI), is categorized as an Investment and Credit Company (NBFC-ICC). The capital infusion is intended to meet AKCFL’s general...

Arco Leasing Ltd. Announces Resignation of Chief Financial Officer Mumbai – March 27, 2026 – Arco Leasing Ltd. announced today the resignation of Mr. Narendra Mahavirprasad Ruia, the company’s Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective March 27, 2026. The resignation is due to other professional commitments.Mr. Ruia has requested to be removed as an authorized signatory from all bank accounts and financial instruments of the company, effective immediately. Arco Leasing Ltd. will initiate the process of informing the Registrar of Companies (RoC), stock exchanges, and other relevant regulatory and financial institutions regarding the change.Mr. Ruia confirmed that there are no other material reasons...

Vraj Iron and Steel Limited Receives Approval for Promoter Company Merger Vraj Iron and Steel Limited announced that the scheme of merger by absorption of Kirti Ispat Private Limited ("KIPL"), Utkal Ispat Private Limited ("UIPL"), and V A Transport Private Limited ("VATPL") with Gopal Sponge and Power Private Limited (GSPPL) (Promoter Companies) has been approved by the Hon'ble Regional Director, South East Region, Hyderabad, vide its order dated March 28, 2026.Following the merger, investments held in VATPL within Vraj Iron and Steel Limited will be consolidated with GSPPL, with VATPL, KIPL, and UIPL ceasing to exist. The aggregate holding of the promoters in Vraj Iron and Steel Limited will remain unchanged.The following table...

Computer Age Management Services Ltd. Allots Shares Under Employee Stock Option Scheme Computer Age Management Services Limited (CAMS) announced the allotment of 96,207 equity shares on March 27, 2026, pursuant to the exercise of vested options under its Employees Stock Option Scheme 2019. The allotment was approved by the company's Nomination and Remuneration Committee.The equity shares were allotted at a face value of Rs.02 each and rank pari passu with existing equity shares. Following the allotment, the issued and paid-up equity share capital of the company stands at Rs.49,59,68,996, consisting of 24,79,84,498 equity shares of Rs.2 each.The exercise prices varied for different grants under the scheme, ranging from Rs.143.56 per...

Daikaffil Chemicals India Ltd. Reinstates Company Secretary Jay Patel Daikaffil Chemicals India Ltd. announced on March 27, 2026, that Jay Patel has withdrawn his resignation and been reinstated as Company Secretary & Compliance Officer. Patel previously submitted his resignation on March 18, 2026, with the resignation set to take effect on May 02, 2026.Following discussions with the Nomination and Remuneration Committee and the Board of Directors, Patel’s resignation was revoked and he will continue in his role without interruption. He will also remain a Key Managerial Personnel and Senior Management Personnel of the Company.Raghuram K Shetty, Managing Director, confirmed the change.ParticularsDetailsReason for...

Trident Texofab Ltd. Holds Meeting of Independent Directors Trident Texofab Limited announced that a meeting of its independent directors was held on March 27, 2026. The meeting commenced at 5:00 p.m. and concluded at 5:25 p.m. at 2nd Floor, North Extension, Falsawadi, Begumpura, Nodh 4/165, Sahara Darwaja, Surat-395003, Gujarat.During the meeting, the independent directors reviewed the performance of Non-Independent Directors and the board as a whole. They also reviewed the performance of the Chairman of the Company, considering the perspectives of executive and non-executive directors. Furthermore, the quality, quantity, and timeliness of information flow between the company’s management and the Board were assessed to ensure the...

Bizotic Commercial Ltd. Receives Sixth Tranche of Convertible Warrant Consideration Bizotic Commercial Ltd. announced the receipt of the sixth tranche of consideration related to the allotment of convertible warrants. The Board of Directors approved the receipt during a meeting held on March 27, 2026, in Ahmedabad, Gujarat.The company received Rs. 3,98,07,000 from Bizotic Nexus Private Limited, an entity belonging to the 'Promoter and Promoter Group Category.' The warrants were initially issued at a price of Rs. 290 each, comprised of a face value of Rs. 10 and a premium of Rs. 280.Source:

RSWM Limited Re-appoints Riju Jhunjhunwala as Managing Director, Revises Remuneration for Rajeev Gupta RSWM Limited announced the re-appointment of Riju Jhunjhunwala as Managing Director and a revision in the remuneration of Joint Managing Director Rajeev Gupta on March 27, 2026. The decisions followed a Postal Ballot and were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Riju Jhunjhunwala (DIN: 00061060) has been re-appointed as Managing Director for a period of three years, effective May 1, 2026, to April 30, 2029. Jhunjhunwala is also the Chairman & Managing Director and CEO of RSWM Limited, Vice Chairman of HEG Limited, and Managing Director of Bhilwara Energy...

NCC Limited Announces Resignation of Company Secretary NCC Limited announced the resignation of Mr. Sisir K Mishra from his positions as Company Secretary (Key Managerial Personnel), Compliance Officer, and Nodal Officer. The resignation is effective from the close of business hours on April 6, 2026, as Mr. Mishra pursues a professional opportunity outside the organization.According to a filing, the details regarding the change in personnel are as follows:Disclosure requirementsDetailsReason for changeResignation of Mr. Sisir K Mishra from the positions of Company Secretary (Key Managerial Personnel), Compliance Officer, and Nodal Officer.Date of cessationClose of business hours on April 6, 2026.Profile (in case of...

Sattva Engineering Construction Limited Receives Credit Rating Upgrade from Acuité Ratings & Research Limited Sattva Engineering Construction Limited announced that Acuité Ratings & Research Limited has assigned and upgraded credit ratings for the company’s bank facilities, according to a report dated March 26, 2026.The credit ratings are as follows:FacilitiesAmount (in Crore)RatingRatingLong Term Rating3ACUITE BBB |Stable |AssignedLong Term Rating23.5ACUITE BBB ACUITE BBB-| Stable |Upgraded ( from )Short Term Rating16ACUITE A3+|AssignedShort Term Rating45.5ACUITE A3+ A3 )|Upgraded ( from ACUITEAccording to Acuité Ratings, the rating letter will expire on November 07, 2026, and is...

EMA India Ltd. Approves Amalgamation with Dynalog India Limited Kanpur, India – March 27, 2026 – EMA India Ltd. announced today that its Board of Directors has approved a proposed Scheme of Amalgamation with Dynalog India Limited. The amalgamation is subject to statutory and regulatory approvals, including approval from the National Company Law Tribunal (NCLT).Under the terms of the scheme, EMA India Limited ("Transferor Company") will merge with Dynalog India Limited ("Transferee Company"). The Transferor Company has assets of 590.76 Lakhs and no turnover, while the Transferee Company possesses assets of 9954.27 Lakhs and a turnover of 8582.44 Lakhs.The proposed amalgamation is intended to achieve several objectives, including...

Lykis Ltd. Announces Resignation of Independent Director Lykis Ltd. announced today, March 27, 2026, the resignation of Mr. Rajendra Singhvi from his position as Non-Executive Independent Director, effective March 27, 2026. The resignation is attributed to a change in management.Mr. Singhvi (DIN: 08322932) has confirmed that there are no material reasons for his resignation beyond the stated change in management. The company has uploaded this intimation to its website at www.lykis.com.Details of ResignationThe following table summarizes the details of Mr. Singhvi’s resignation as required by regulatory guidelines:Sr. No.Details of events that needs to be providedInformation of such event (s)1Reason for change viz...

Meta Infotech Ltd. Schedules Investor Meetings Mumbai – March 27, 2026 – Meta Infotech Ltd. (Scrip Code: 544441) announced plans for upcoming investor meetings.The company will meet with Upachaya Investment on April 6, 2026, in Mumbai. The meeting is scheduled for a one-on-one format, from 10:00 AM to 11:00 AM IST.Meta Infotech Ltd. will utilize the Investor Presentation (H1FY26) from November 2025, which is already publicly available on the company’s website and the Stock Exchanges' websites, during the meeting. The company noted that meeting details are subject to change due to unforeseen circumstances.Source:

PC Jeweller Limited Partners with National Skill Development Corporation to Onboard Micro-Entrepreneurs PC Jeweller Limited announced on March 27, 2026, that it has entered into a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC) under the Ministry of Skill Development & Entrepreneurship, Government of India. The agreement designates PC Jeweller as the Industry/Franchise Partner for the Gems & Jewellery Sector within the National Entrepreneurship Drive (NED).The NED initiative, managed by NSDC, focuses on employment generation, entrepreneurship, and local economic development across 15 sectors in India. PC Jeweller’s involvement as the Industry/Franchise Partner for the Gems & Jewellery...

Bhagawati Gas Ltd. Appoints Shachi Bhardwaj as Whole-Time Director Bhagawati Gas Limited announced on March 27, 2026, that the Board of Directors has approved a change in designation for Mrs. Shachi Bhardwaj, currently a Non-executive Non-independent Director. Mrs. Bhardwaj will transition to the role of Whole-time Director and Executive of the company, effective April 1, 2026. This appointment is contingent upon approval from the company's members. The term of appointment is for a period of five years.According to company information, Mrs. Bhardwaj has served as a Director since July 8, 2015, and possesses over nine years of experience in business and industry.The Board meeting commenced at 4:00 P.M. and concluded at 5:15 P.M...

Coal India Limited Forms Joint Venture for Power Generation Kolkata – Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have established a joint venture company, DVC CIL Power Private Limited, according to a filing dated March 27, 2026. The incorporation was confirmed by the Ministry of Corporate Affairs (MCA) and assigned Corporate Identification Number (CIN) U35102WB2026PTC287644.The new entity’s formation follows a letter dated November 7, 2025, regarding the proposed joint venture.DVC CIL Power Private Limited will focus on several key areas within the energy sector, including:Power Generation & Allied Businesses: This includes planning, construction, operation, and maintenance of power projects utilizing various...

Panacea Biotec Limited Faces Setback in Tax Litigation Panacea Biotec Limited announced on March 27, 2026, that the Commissioner of Income Tax (Appeals) in New Delhi dismissed appeals filed by the company concerning penalty orders issued on December 24, 2025. The Assistant Commissioner of Income Tax, New Delhi, had imposed penalties related to alleged underreporting of income, resulting in a demand of approximately ₹9.38 crore for the assessment years 2017-18, 2020-21, and 2021-22.The company assesses that the demand is not maintainable and stated it will pursue further appeals with appellate authorities. Panacea Biotec does not anticipate a material impact on its financial, operational, or other activities as a result of this...