Markets

Aeroflex Industries Limited Receives Income Tax Order, Impact Anticipated to be Minimal Aeroflex Enterprises Limited announced on March 27, 2026, that its subsidiary, Aeroflex Industries Limited, has received an order from the Assessment Unit of the Income Tax Department. The order, dated March 25, 2026, raises a demand of Rs. 41,75,88,940.The demand pertains to the disallowance of a claim for waiver of interest on a working capital loan in a one-time settlement, considered non-taxable under section 41 of the Income Tax Act, 1961, for the assessment year 2018-2019. The order's reference number is ITBA/AST/S/ 147/2025-26 /1087896760(1).Aeroflex Industries Limited plans to file an appeal with the Appellate Authority and anticipates a...

20 Microns Ltd. Provides ₹2 Crore Loan to Associate Company 20 Microns Limited announced on March 27, 2026, that it has entered into a loan agreement with Sievert 20 Microns Building Materials Private Limited, a joint venture and associate company, for a shareholder/inter-corporate loan of ₹2,00,00,000 (Rupees Two Crore only).The transaction, which qualifies as a related party transaction, was approved by the company's audit committee. 20 Microns Limited holds a 40% equity stake in Sievert 20 Microns Building Materials Private Limited, with Sievert Baustoffe Auslandsbeteiligungen GmbH holding the remaining 60%.The loan carries an interest rate of 6.50% per annum and has a tenure of five years. The borrower may prepay the loan...

Axis Solutions Limited Secures Rs. 25.00 Crores Working Capital Facility Axis Solutions Limited announced on March 27, 2026, that it has executed a Deed of Hypothecation with Vivriti Capital Limited to avail a working capital facility of Rs. 25.00 crores. The facility is intended to support the expansion of the company’s operations.The agreement, entered into between Axis Solutions Limited and Vivriti Capital Limited, includes a subservient and continuing charge on the company’s assets, including current assets with book debt and movable fixed assets. Additionally, a first-ranking exclusive charge has been established on a debt service reserve account, representing 15.77% of the facility amount, as an interest-free security deposit...

Halder Venture Ltd. Pays Fine Following BSE Order Halder Venture Limited announced on March 27, 2026, that it has paid a fine of Rs. 5,42,800 (including GST) to the Bombay Stock Exchange (BSE). The fine relates to non-compliance with Regulation 17(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, concerning the composition of the Board of Directors for the quarter ended September 2025.The company received notification of the order from the BSE via email on March 18, 2026. The payment was completed on March 26, 2026, through RTGS/NEFT with UTR No. INF/INFT/774529182646/BSER11070/ICICI Bank. The financial impact of the fine is limited to the Rs. 5,42,800 amount.S.N.ParticularsDetails1Name of the...

Pee Cee Cosma Sope Ltd. Incorporates Wholly-Owned Subsidiary, Pee Cee Energy and Reality Limited Pee Cee Cosma Sope Ltd. announced the incorporation of a wholly-owned subsidiary, Pee Cee Energy and Reality Limited, on March 27, 2026. The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on the same date.Pee Cee Energy and Reality Limited has an authorized share capital of Rs. 15,00,000 and a paid-up share capital of Rs. 5,00,000. The company’s registered office will be located in Agra, Uttar Pradesh. The new subsidiary will be engaged in energy, reality, and related trading activities.Pee Cee Cosma Sope Ltd. subscribed to 100% of the initial paid-up share capital in cash, representing...

India Finsec Ltd. Approves Proposed IPO for Subsidiary IFL Finance Limited India Finsec Ltd. announced on March 27, 2026, that its Board of Directors has approved the initiation of a process for a proposed Initial Public Offer (IPO) of its subsidiary, IFL Finance Limited (formerly IFL Housing Finance Limited). The IPO will consist of up to 3,60,00,000 equity shares through a fresh issue and up to 40,00,000 equity shares through an offer for sale. Shareholder approval and statutory regulatory approvals are required for the IPO to proceed.The Board also approved the notice for an Extraordinary General Meeting (EGM) to obtain shareholder consent. Voting will be conducted remotely from April 21, 2026, to April 23, 2026. M/s Sarita Singh &...

Abans Enterprises Limited Announces Board Changes Mumbai – March 27, 2026 – Abans Enterprises Limited announced several changes to its board and leadership team following a board meeting held on March 27, 2026.Ms. Shardul Chaturvedi resigned from her position as Non-Executive, Non-Independent Director, effective March 27, 2026. She confirmed that her resignation was not due to any material reasons. Mr. Ankit Joshi has been appointed as Chief Financial Officer (Key Managerial Personnel), effective April 1, 2026. He holds an MBA in Finance and a Bachelor of Commerce, and has over eight years of experience in capital markets, financial planning, and regulatory compliance.Ms. Mahiti Rath resigned from her position as Company Secretary &...

Emami Paper Mills Redeems Preference Shares Emami Paper Mills Limited announced the redemption of 2,70,000 Series II - Tranche III Optionally Convertible Redeemable Preference Shares (OCRPS) on March 27, 2026. The shares, identified by ISIN INE830C04038, have a face value of Rs. 100 each and were redeemed with a premium of Rs. 500 per share. The total redemption amount, including the premium, was paid to OCRPS holders from the company's available Profits/ Reserves. The decision to redeem the shares followed a resolution passed by the Board of Directors on February 12, 2026.Source:

GRP Ltd. Announces Departure of President – Marketing & Business Development GRP Ltd. announced the retirement of Mr. Virendra Rathod, President – Marketing & Business Development, effective March 31, 2026. The Board of Directors acknowledged Mr. Rathod’s contributions and placed their appreciation on record.The change was noted at a board meeting held on March 27, 2026. Mr. Rathod’s last day of employment will be the close of business hours on March 31, 2026.Details Regarding the DepartureParticularsDetailsReason for ChangeRetirementDate of CessationClosing of business hours of March 31, 2026ProfileNot ApplicableRelationships Between DirectorsNot ApplicableThe announcement was made to the BSE Limited, where...

Valencia Nutrition Acquires Remaining Stake in Subsidiary, Valencia Beverages & Superwater Valencia Nutrition Ltd. announced on March 27, 2026, that it has acquired the remaining 100 equity shares of ₹10/- each in Valencia Beverages & Superwater Private Limited, a subsidiary. This acquisition makes Valencia Beverages & Superwater a wholly-owned subsidiary of Valencia Nutrition, with the parent company now holding 100% of its total paid-up equity share capital.The acquisition aims to consolidate Valencia Nutrition’s shareholding and strengthen its presence in the beverages segment, leading to better control and operational efficiency. The shares were acquired for a cash consideration of ₹1,000.Details regarding Valencia Beverages &...

SJ Corporation Ltd. Independent Directors Review Board Performance Mumbai – March 27, 2026 – SJ Corporation Ltd. announced today that its Independent Directors convened a separate meeting on March 27, 2026, to assess key aspects of the company's leadership and governance.The meeting, which began at 1:30 p.m. and concluded at 2:00 p.m., focused on evaluating the performance of Non-independent directors and the Board of Directors as a whole. Additionally, the Independent Directors reviewed the performance of the company's chairperson.A key element of the review involved assessing the effectiveness of communication between the company's management and the Board of Directors, ensuring timely and adequate information flow for informed...

Aeroflex Industries Limited Receives Order from Income Tax Department Aeroflex Industries Limited announced receipt of an order from the Assessment Unit of the Income Tax Department on March 25, 2026. The order, dated March 25, 2026, pertains to the assessment year 2018-2019 and involves a demand of Rs. 41,75,88,940.The demand stems from a disallowance of a claim for waiver of interest on a working capital loan in a one-time settlement, which the Income Tax Department considers non-taxable under section 41 of the Income Tax Act, 1961.The company intends to file an appeal before the Appellate Authority and anticipates a favorable outcome. Aeroflex Industries Limited does not expect the order to have a material financial impact.The...

Ceinsys Tech Ltd. Receives Service Order from ISRO Valued at Rs. 3.24 Crore Nagpur, India – March 27, 2026 – Ceinsys Tech Ltd. announced today that it has been awarded a service order from the Indian Space Research Organization (ISRO). The order, for product design and manufacturing of a commercial multi-user subscription, spans a three-year period and is valued at Rs. 3,24,50,000, including GST.The service order encompasses a renewal of the existing commercial multi-user subscription and represents a significant win for Ceinsys Tech Ltd.Key Details of the ISRO Service Order:ParticularsDetailsEntity Awarding OrderIndian Space Research Organization (ISRO)Service DescriptionProduct Design & Manufacturing Collection...

Rachana Infrastructure Limited Receives Order Regarding Unauthorized Excavation Rachana Infrastructure Limited announced it has received an order from the Office of the District Geologist, Geology and Mining Department, Aravalli (Modasa), Gujarat. The order, dated February 21, 2026, relates to the alleged unauthorized excavation of Ordinary Clay (Sadimati) at Survey No. 581, Rajpur (Vadagam).According to the order, the company is accused of excavating 67,195.128 MT of mineral without a valid permit, a violation of Rule 22 of the Gujarat Mineral Rules, 2017. The financial impact of the order includes a penalty of ₹1,17,59,147 and environmental compensation of ₹48,21,250, totaling ₹1,65,80,397.Rachana Infrastructure Limited has...

Procter & Gamble Health Ltd. Schedules Board Meeting to Review Financial Results and Consider Dividend Procter & Gamble Health Limited has announced a board meeting scheduled for Tuesday, May 26, 2026. The meeting will focus on reviewing the Audited Financial Statements for the financial year ended March 31, 2026, and considering a potential final dividend.The company's CIN is L99999MH1967PLC013726 and its registered office is located in Mumbai. The company website is www.pghealthindia.com.Source:

K.P. Energy Ltd. Receives Letter of Award for 91.4 MW Wind-Solar Hybrid Power Project K.P. Energy Limited announced it has received a Letter of Award (LoA) from JK Paper Limited for the development of a 91.4 MW wind-solar hybrid power project in Gujarat. The project will be executed on a complete turnkey basis, encompassing engineering, procurement, installation, and commissioning, as well as the development of evacuation infrastructure, grid connectivity, statutory and regulatory clearances, and operation & maintenance services.According to the LoA, the project will involve the BoP of the wind capacity and the complete installed capacity of the solar project. The award underscores K.P. Energy’s capabilities in integrated wind-solar...

Wakefit Innovations Ltd. Grants Employee Stock Options Wakefit Innovations Limited announced that its Nomination and Remuneration Committee approved the grant of 1,72,762 employee stock options under the 'Wakefit Employee Stock Option Plan - 2019' (WAKEFIT ESOP-2019) on March 27, 2026. The grant aligns with the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.The following table details the stock option grant:ParticularsDetailsEmployee Stock Options Granted1,72,762 (One Lakh Seventy Two Thousand Seven Hundred and Sixty Two)Compliance with SEBI RegulationsYesTotal Shares Covered by Options1,72,762 Options exercisable into not more than 1,72,762 equity shares of Re. 1/- face value each...

Info Edge Approves Contribution to A88 Fund and Transfer of Stake in Shopkirana Info Edge (India) Ltd. announced on March 27, 2026, that its Board of Directors approved a contribution agreement with A88 Fund I, a scheme launched by A88 Trust, to commit up to Rs. 250 crore in aggregate, directly or through its wholly-owned subsidiaries, including Smartweb Internet Services Limited. The Board also approved the transfer of Info Edge’s entire stake in Shopkirana E Trading Private Limited to Trustroot Internet Private Limited (TIPL).As part of the transaction, Startup Investments (Holding) Limited (SIHL), a wholly-owned subsidiary of Info Edge, will transfer 60,673 shares, representing a 26.14% stake in Shopkirana, to TIPL. In exchange...

Magson Retail Opens New Store in Surat, Expanding Retail Presence Magson Retail and Distribution Limited announced the opening of a new retail store in Surat, Gujarat, on March 27, 2026. The store is located at 3 Dhanlaxmi Nivas, Near Jamnagar Bus Stop, Ghoddod road, Surat-395001 Gujarat, India.With the addition of the new store in Surat, Magson Retail’s total number of stores has increased to 40, spread across more than 10 cities in 3 states. The company has strategically expanded its retail presence with this new location.Source:

Vantage Knowledge Academy Ltd. Announces Strategic Collaboration with BFSI Sector Skill Council of India Vantage Knowledge Academy Ltd. announced a strategic collaboration with the BFSI Sector Skill Council of India (BFSI SSC) on March 27, 2026. The partnership aims to strengthen industry-aligned education and enhance employability within the Banking, Financial Services, and Insurance (BFSI) sector.Under the agreement, Vantage Knowledge Academy Ltd. will deliver structured training programs designed to meet industry needs. The company will manage student acquisition, training delivery, and pre-placement readiness initiatives. The programs will incorporate certifications in areas including Mutual Fund Distribution, Research Analysis...