Markets

Pidilite Industries Receives GST Penalty Orders Pidilite Industries Limited announced it received penalty orders from the Assistant Commissioner (ST), Atchuthapuram Circle, Visakhapatnam II, Andhra Pradesh. The orders, dated March 24, 2026, relate to Goods and Services Tax (GST) for fiscal years 2021-22 to 2023-24 and 2024-25.The penalty amount for FY 2021-22 to 2023-24 is Rs. 1,17,21,593, while the penalty for FY 2024-25 is Rs. 3,76,616. The orders were received on the GST portal on March 24, 2026.Pidilite Industries confirmed that the order is appealable and the company is currently reviewing the situation and considering available legal options. The company stated that the event is not expected to have a material impact on its...

Modi Naturals Limited Subsidiary Begins Operations at Expanded Ethanol Plant Modi Naturals Limited announced the commencement of commercial operations at the expanded ethanol plant of its wholly-owned subsidiary, Modi Biotech Private Limited, located in Chhattisgarh.The plant’s installed capacity has been increased from 130 KLPD to 282 KLPD. This expansion significantly enhances the company's ethanol production capabilities.The development aligns with Modi Naturals Limited’s strategic focus on strengthening its position in the ethanol sector and supports the Government of India’s Ethanol Blended Petrol (EBP) program. The company anticipates that the expanded capacity will lead to improved operational efficiencies, increased...

NTPC Green Energy Appoints Deepak C. S. as Company Secretary & Compliance Officer NTPC Green Energy Limited, a subsidiary of NTPC Limited, announced the appointment of Shri Deepak C. S. as Company Secretary & Compliance Officer, effective March 25, 2026. The appointment was made by the Board of Directors at a meeting held on the same date, replacing Shri Manish Kumar.Shri Deepak C. S., previously serving as General Manager, brings over 25 years of experience in Secretarial Operations and Corporate compliance, particularly within listed companies. He holds qualifications including B. Com, Resolution Professional, and CAIIB, and is a Fellow Member of ICSI. His background spans diverse sectors including aviation, manufacturing, banking...

Ken Enterprises Limited Receives ‘Clothing & Apparel MSME of the Year’ Award Ken Enterprises Limited has been recognized with the ‘Clothing & Apparel MSME of the Year’ award at the Economic Times MSME Awards 2025. The award acknowledges excellence and outstanding contribution within the MSME sector.Ken Enterprises Limited was formerly known as Ken Enterprises Pvt Ltd. The company’s registered office is located at 9/621 Industrial Estate near Kalyan Kendra, Ichalkaranji, Pune- 416115.Sachin Janardan Mulay, Whole Time Director and CFO, accepted the award on behalf of the company.Source:

RPSG Ventures Ltd. Announces Director Resignation RPSG Ventures Ltd. announced that Sudhir Langer, Whole-time Director and Director of the company, has resigned, effective March 31, 2026. The resignation is due to personal reasons.Mr. Langer's resignation was made public on March 25, 2026, according to filings with the National Stock Exchange of India Limited and BSE Limited.A table summarizing the details of the resignation is provided below:DetailInformationDirector NameMr. Sudhir Langer (DIN: 08832163)Reason for ResignationPersonal reasonsDate of CessationMarch 31, 2026 (close of business hours)Mr. Langer expressed gratitude to the Board of Directors and management of the company for their support during his...

Pyramid Technoplast Limited Announces Resignation of Company Secretary Pyramid Technoplast Limited announced on March 25, 2026, that Mr. Pramod Yadav has resigned from his position as Company Secretary & Compliance Officer, effective close of business on Wednesday, March 25, 2026, citing personal reasons. Mr. Yadav will continue to fulfill his duties until his departure.A table detailing the resignation is provided below:Sr. No.Details of events that need to be providedInformation of such event(s)1Reason for changeResignation due to personal reasons2Date of CessationWith effect from close of working hours on Wednesday, 25 March 20263Brief ProfileNA4Disclosure of relationships between DirectorsNASource:

Nexome Capital Markets Limited Receives BSE Listing Approval for Rights Issue Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) announced today, March 25, 2026, that it has received approval from the BSE Limited for the listing of 29,38,500 equity shares. The shares, with a face value of Rs. 10 each, were issued at a price of Rs. 75 each through a rights issue, bearing distinctive numbers from 58,77,001 to 88,15,500.The BSE issued its approval letter, Ref: LOD/Rights/PB/FIP/1945/2025-26, confirming the listing. Trading of the newly issued shares will commence after Nexome Capital Markets Limited submits confirmation from the depositories regarding the crediting of the shares to beneficiary accounts.Source:

Manaksia Steels Announces Capacity Expansion for Cold Rolled Coils Manaksia Steels Limited announced a significant capacity expansion project at its Haldia, West Bengal facility on March 25, 2026. The company plans to introduce a '6-Hi Reversible Cold Rolling Mill' to increase production of Cold Rolled Coils.The expansion involves an investment of approximately Rs. 100 crore, to be funded through debt and internal accruals. The additional capacity of 2,50,000 tonnes per annum will bring the total capacity to 3,70,000 tonnes per annum. The project is expected to be completed by the fourth quarter of the financial year ending 2027-28.Currently, the Haldia facility has an existing capacity of 1,20,000 tonnes per annum, with an...

Titan Company Appoints Ruma Kishore as Chief Digital & Information Officer Titan Company Ltd. announced the appointment of Ms. Ruma Kishore as the new Chief Digital & Information Officer (CDIO), effective July 1, 2026. The current CDIO, Mr. Krishnan Venkateswaran, will superannuate from his position on the same date.Ms. Ruma Kishore brings over 28 years of international experience in integrating business strategy and technology for global organizations. She has a track record of successful digital transformations, operational optimizations, and delivering measurable outcomes, and has been recognized as India's top woman IT leader by the Economic Times and Indian Express. She is also the first female recipient of IIM Mumbai's...

Aurobindo Pharma Subsidiary Enters Distribution Agreement with STADA for Biosimilars in EU Aurobindo Pharma Ltd announced on March 25, 2026, that CuraTeQ Biologics Private Limited, a wholly-owned subsidiary focused on biosimilars, has entered into a marketing and distribution agreement with STADA Arzneimittel AG.Under the agreement, STADA will market and distribute two biosimilars, already approved by the European Medicines Agency (EMA), developed by CuraTeQ in select European Union territories, including France and Germany. New brand names will be created and registered for each biosimilar. The agreement is anticipated to broaden CuraTeQ's market reach and drive revenue growth, utilizing STADA's established distribution network...

KEC International Receives Order from GST Authority in Gujarat KEC International Ltd. announced that it received an adjudication order from the GST Authority in Gujarat on March 24, 2026. The order pertains to an alleged disallowance of Goods and Services Tax (GST) input tax credit for non-compliance by suppliers for the fiscal year 2019-20.The GST Authority’s order includes a tax amount of Rs. 13,91,638 and a penalty of Rs. 13,91,638.KEC International stated that it is reviewing the order and intends to pursue legal avenues to contest the demand. The company does not anticipate a material financial impact as a result of the order.Sr. NoName of the authorityNature and details of the action(s) taken or order(s) passedDate of...

Srivasavi Adhesive Tapes Limited Receives Purchase Order from ICE MAKE REFRIGERATION LIMITED Srivasavi Adhesive Tapes Limited announced on March 25, 2026, that it has received a purchase order from M/s. ICE MAKE REFRIGERATION LIMITED for the supply of Specialty Adhesive Tapes. The order value is approximately ₹ 50,82,360.00, exclusive of all taxes.The order is expected to be executed within one month.Below is a summary of the details regarding the purchase order:ParticularsDetailsEntity Awarding OrderM/s. ICE MAKE REFRIGERATION LIMITEDProductSpecialty Adhesive TapesOrder OriginDomestic EntityExecution Timeframe1 monthOrder Value₹ 50,82,360.00 (Exclusive of all taxes)Promoter/Group InterestNoRelated Party...

Containerway International Appoints New Directors and CFO, Announces Resignation Containerway International Ltd., now known as Indus Aluminium Recyclers Limited, announced several changes to its board of directors on March 25, 2026.Pankeet Pankajkumar Aundhiya has been appointed as an Additional Non-Executive Independent Director for a period of 5 years, pending shareholder approval. Kunal Arora joins the company as an Additional Non-Executive Director and Chief Financial Officer (CFO) & Key Managerial Personnel (KMP), also subject to shareholder approval. Vansh Arora has also been appointed as an Additional Non-Executive Director, contingent on shareholder approval.The company also announced the resignation of Sanjay Vimalchand...

Jet Freight Logistics to Participate in India International Cargo Show 2026 Jet Freight Logistics Limited announced its participation in the India International Cargo Show 2026 (IICS 2026), a leading multimodal logistics exhibition and conference, scheduled from June 03, 2026, to June 05, 2026, at Bharat Mandapam, New Delhi.The company will showcase its logistics capabilities across air, ocean, road, and cold chain services at the event. This participation aims to strengthen Jet Freight Logistics' presence within the global supply chain ecosystem and facilitate engagement with key stakeholders. The event offers an opportunity to explore strategic partnerships and identify new business opportunities in both domestic and international...

Rashtriya Chemicals and Fertilizers Receives Supreme Court Order Regarding Tax Dispute Rashtriya Chemicals and Fertilizers Limited (RCF) announced on March 25, 2026, that the Hon'ble Supreme Court of India has set aside orders issued by the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), West Zonal Bench, Mumbai. The ruling pertains to appeals filed by RCF concerning show cause notices and CESTAT orders related to the period of 1996 to 2005.The Supreme Court's order, dated March 24, 2026, addresses the original orders of January 27, 2010, and February 4, 2010, along with the subsequent CESTAT order.The dispute relates to an excise demand for tax, interest, and penalty associated with the diversion of naphtha, excluding...

Borana Weaves Commissions Solar Power Project, Expands Weaving Capacity Surat, March 25, 2026 – Borana Weaves Ltd., a leading producer of Synthetic Greige fabric, has announced the successful commissioning of a 3.545 MW rooftop solar power project and the full operationalization of its expanded weaving capacity.The company’s new solar power project is expected to reduce reliance on conventional power sources and improve cost efficiencies. Borana Weaves anticipates lower power costs, improved operating margins, and greater energy cost stability through increased integration of renewable energy.Additionally, all 160 high-speed Water Jet (WJ) looms at Unit 4B are now fully operational. Previously, 64 looms had commenced production...

Hamps Bio Ltd. Completes Acquisition of HSDL Innovative Private Limited Hamps Bio Ltd. (Scrip Code: 544312) announced the completion of its acquisition of 100% equity shares of HSDL Innovative Private Limited on March 25, 2026. This follows a prior announcement dated February 14, 2026.The total purchase consideration for the acquisition was INR 2,04,00,000, paid in cash to the existing shareholder of HSDL Innovative Private Limited. HSDL Innovative Private Limited (CIN: U15136GJ2017PTC095843) has become a wholly-owned subsidiary of Hamps Bio Ltd. effective March 25, 2026.Previously known as Hamps Bio Pvt. Ltd., Hamps Bio Ltd. previously provided information pertaining to the acquisition under Regulation 30 of the SEBI (Listing...

Jagran Prakashan Ltd. Receives Demand Notice and Penalty Proceedings from Income Tax Department Jagran Prakashan Limited announced today, March 25, 2026, that it received a Notice of Demand dated March 24, 2026, from the Income Tax Department for Assessment Year 2024-25. The notice includes a demand under Section 156 of the Income Tax Act, totaling Rs. 1,19,60,720. Additionally, the company received a Notice for Penalty Proceedings under Section 274 read with Section 270A of the Income Tax Act.According to a filing, the Assessment Unit of the Income Tax Department issued the Notice of Demand and the Notice for Penalty. The company intends to file a response within the prescribed timelines or explore legal options regarding the order...

Nexus Select Trust Board Approves Amendment to Debenture Trust Deed Nexus Select Trust announced on March 25, 2026, that its Board of Directors, through its manager Nexus Select Mall Management Private Limited, has approved an amendment to the Debenture Trust Deed. The Deed, dated December 09, 2025, governs rupee-denominated, listed, rated, secured, transferable, redeemable, non-convertible debentures, with an aggregate amount of up to INR 700 Crores (ISIN Nos: INE0NDH07068 and INE0NDH07076).The amendment aims to correct a typographical error concerning the description of a mortgaged property, specifically involving floors of an office/IT park at Westend Mall in Pune. The Trust emphasized that this modification is solely to ensure...

Garden Reach Shipbuilders & Engineers Announces Executive Director Appointment Garden Reach Shipbuilders & Engineers Ltd. has announced the appointment of Cmde Indrajit Dasgupta, IN (Retd.) as Executive Director (ED), effective March 25, 2026. The change revises a previously stated assumption of charge date.All other details outlined in the prior announcement dated March 24, 2026, remain consistent. Dasgupta, previously CGM at GRSE, takes on the new role.Garden Reach Shipbuilders & Engineers Ltd. is a Government of India undertaking under the Ministry of Defence.Source: