Markets

Sanofi India Appoints Siraj Azmat Chaudhry as Additional Director Mumbai – March 25, 2026 – Sanofi India Ltd. announced the appointment of Siraj Azmat Chaudhry as an Additional Director and Independent Director at a board meeting held on Wednesday, March 25, 2026. The appointment is effective April 1, 2026, and Chaudhry will serve for an initial term of five years, until March 31, 2031, subject to member approval at the company’s 70th Annual General Meeting.The board also approved the convening of the 70th Annual General Meeting on April 29, 2026, at 3:30 p.m. IST via video conferencing. The company had previously recommended a final dividend of Rs. 48 per equity share of Rs. 10 each for the financial year ended December 31, 2025...

CARE Ratings Limited Receives Administrative Warning from SEBI CARE Ratings Limited, a credit rating agency, announced on March 25, 2026, that it received an administrative warning from the Securities and Exchange Board of India (SEBI). The warning stems from an inspection conducted by SEBI covering the period from May 1, 2024, to March 31, 2025.The administrative warning was issued due to inconsistencies observed regarding the disclosure of applicable criteria in press releases and rating notes.CARE Ratings Limited reported that the administrative warning will not have a material impact on the company’s financial, operational, or other activities. The details of the warning are provided in Annexure A. The information will also be...

Tejas Networks Ltd. Allots Equity Shares Under Employee Stock Option Plans Tejas Networks Ltd. announced the allotment of 78,425 equity shares on March 25, 2026, resulting from the exercise of stock options by eligible employees. The shares were issued under various stock option and restricted stock unit plans.The company allotted 2,219 shares under the Tejas Networks Limited Employees Stock Option Plan 2014 - A, with an exercise price of ₹85 per share. An additional 3,476 shares were allotted under the Tejas Networks Limited Employees Stock Option Plan 2016, also with an exercise price of ₹85 per share.A significant portion of the allotment, 18,219 shares, occurred under the Tejas Restricted Stock Unit Plan 2017, carrying an...

Vishal Fabrics Ltd. Appoints Umakant Sharma as Marketing Head and Vice President Vishal Fabrics Ltd. announced the appointment of Umakant Sharma as Marketing Head and Vice President, effective March 25, 2026.Mr. Sharma brings over 25 years of experience in denim marketing to the role. His expertise encompasses sales strategy, market research, trend analysis, and consumer demand. He has a track record of bridging production and marketing, cultivating client relationships, and maintaining brand presence across key markets.Details of the Appointment:ParticularsDetailsReason for ChangeAppointment of Mr. Umakant Sharma as Marketing Head and Vice PresidentDate of AppointmentMarch 25, 2026Brief ProfileMr. Sharma possesses...

Kilitch Drugs Announces Bonus Share Issue Kilitch Drugs (India) Ltd. announced the allotment of 1,74,80,782 bonus equity shares of Rs. 10 each. The bonus issue is in a ratio of 1:1, meaning one bonus share for every existing share held as of the record date, March 24, 2026. The bonus shares will rank equally with the company's existing equity shares.The company’s paid-up equity share capital has increased as follows:ParticularsNo. of SharesFace Value (per share in Rs.)Amount (in Rs.)Paid-up Share Capital (Pre-Bonus Issue)1748078210174807820Paid-up Share Capital (Post-Bonus Issue)3496156410349615640The board meeting approving the bonus issue commenced at 10:30 hours and concluded at 12:25 hours.Source:

Accord Transformer & Switchgear Signs Strategic MOU with Moscow to Expand Global Energy Footprint Gurugram, March 25, 2026 — Accord Transformer & Switchgear Limited (ATS), a leading manufacturer of transformers and switchgear solutions in India, has signed a Memorandum of Understanding (MOU) with the Western Administrative District of the City of Moscow (Russian Federation). This agreement marks a significant step toward international collaboration in energy infrastructure and industrial development.The MOU establishes a framework for cooperation aimed at strengthening industrial ties, promoting sustainable energy solutions, and fostering technological exchange. The agreement, reflecting a shared vision to accelerate growth in power...

Harmony Capital Services Ltd. Corrects Shareholding Details in Postal Ballot Notice Harmony Capital Services Ltd. has announced a correction to the explanatory statement in a postal ballot notice dated November 20, 2025, concerning the issuance of equity shares on a preferential basis. The original notice contained inaccurate details regarding the pre- and post-issue shareholding of promoters and the promoter group.According to the corrected information, the company’s pre-issue shareholding was Nil, with the public holding 100% of the total paid-up capital. Following the share issuance, the public will hold 66,26,900 equity shares, representing 54.65% of the total paid-up capital, and the company will have 55,00,000 equity shares...

Globe Enterprises Reconstitutes Board Committees Globe Enterprises (India) Limited announced the reconstitution of its Board Committees, effective March 25, 2026. The changes were approved by the Board of Directors and involve the appointment of Mr. Bharat Mulchandbhai Bhavsar as Chairperson for the Audit, Nomination and Remuneration, Stakeholders’ Relationship, and Corporate Social Responsibility Committees, replacing Mr. Yogesh Kanhiyalal Vaidya.Audit Committee Composition:CompositionCategoryMr. Bharat M. Bhavsar - ChairpersonNon-Executive - Independent DirectorMr. Bhavik Suryakant Parikh- MemberExecutive DirectorMr. Rajatkumar Dineshbhai Patel- MemberNon-Executive - Independent DirectorNomination and Remuneration...

Urban Company Schedules Analyst and Investor Meetings Urban Company Ltd announced its participation in a series of analyst and investor meetings scheduled for March 25 and March 27, 2026. The meetings will be held virtually with Wordly Partners, Grandeur Peak Global Advisors, Bank of America, Optimus Capital, and Monarch Networth Capital Limited.According to the company, the schedule is subject to change. No unpublished price-sensitive information will be shared during these meetings.The company acknowledged a delay in the filing of this notification due to the short notice finalization of the meetings and stated its intention to ensure more timely notifications in the future. A previously scheduled meeting with Monarch Networth...

Arfin India Ltd. to Invest in Subsidiary’s Rights Issue Arfin India Ltd. announced on March 25, 2026, that it has approved a subscription to the rights issue of equity shares of its wholly owned subsidiary, Arfin Titanium & Speciality Alloys Limited. The investment will be up to Rs. 3,00,00,000 or a higher amount as may be required.Arfin Titanium & Speciality Alloys Limited, incorporated on January 14, 2025, is engaged in the manufacturing and trading of non-ferrous metals. The rights issue aims to fund the subsidiary's business operations and growth requirements.The transaction is considered a related party transaction as Arfin Titanium & Speciality Alloys Limited is a wholly owned subsidiary. However, the company stated that the...

Escorts Kubota Schedules Investor Meetings Escorts Kubota Ltd. announced schedules for upcoming investor meetings, according to a company release. The company will host a one-on-one virtual meeting with Amansa Advisors LLP on March 31, 2026, from 4:00 PM to 5:00 PM IST.The company’s Investor & Earning Presentation is available on its website at https://www.escortskubota.com/investors/financials. The company stated that no unpublished price sensitive information is anticipated to be shared during the meeting.DateType of MeetingMeeting WithTime of MeetingMarch 31, 2026One-on-One Virtual meetingAmansa Advisors LLP16:00 -17:00 ISTSource:

Aspira Pathlab & Diagnostics Open Offer Date Set Aspira Pathlab & Diagnostics Ltd. has announced a key date related to its ongoing open offer. Aftertrade Broking Private Limited, acting as Manager to the Open Offer, confirmed March 27, 2026, as the Identified Date for determining shareholders who will receive the Letter of Offer.The open offer, initiated by Arvind Karsandas Bhanushali, Deepali Arvind Bhanushali, Jay Arvind Bhanushali, Nikunj Velji Mange, and Raj Arvind Bhanushali, alongside Shraddha Nikunj Mange (acting as PAC), aims to acquire 26,76,180 equity shares, representing 26% of the company's fully paid-up equity share capital and voting capital. The offer price is set at ₹55 per share, with a face value of ₹10 per share...

LE Lavoir Ltd. Receives Third Tranche of Consideration for Convertible Warrants LE Lavoir Ltd. announced the receipt of the third tranche of consideration for convertible warrants issued on a preferential basis. The company received Rs. 1,25,49,150 from allottees Mr. Ashok Dilipkumar Jain and Ms. Viha Ashok Jain.The warrants were issued at a price of Rs. 264.75 each, including a premium of Rs. 254.75 per warrant and a face value of Rs. 10.00 per warrant. The consideration was received in accordance with the provisions of Chapter V of the SEBI (ICDR) Regulations, 2018.The following table details the consideration received by each allottee:Sr. No.Name of the Allottee(s)Category (Promoter / non- promoter)No. of Convertible Warrants...

Identixweb Limited Announces Research & Development of SiteGrowth AI Identixweb Limited has initiated research and development of SiteGrowth AI, an AI-powered organic growth engine for SaaS and business websites, the company announced on March 25, 2026.The platform, currently in the research and feasibility stage, aims to automate organic website traffic growth through intelligent content generation, programmatic SEO, and data-guided publishing workflows. Identixweb is evaluating technical, commercial, and operational aspects of the platform.SiteGrowth AI: Key Details The product concept addresses the challenge of generating consistent, high-quality organic traffic at scale. SiteGrowth AI is being conceptualized around the...

M&B Engineering Limited Secures Domestic Order Worth INR 73.18 Crores M&B Engineering Limited announced on March 25, 2026, that it, along with its wholly-owned subsidiary, has secured a domestic order for design, manufacturing, and supply of pre-engineered building/structural steel.The order, received from an undisclosed customer due to confidentiality agreements, spans a period of five months. The total consideration for the order is INR 73.18 Crores plus Goods and Services Tax (GST). This includes an erection order valued at INR 10.03 Crores plus GST awarded to the company’s subsidiary, Phenix Building Solutions Private Limited.The company confirmed that neither the promoter group nor any group companies have an interest in the...

Brawn Biotech Ltd. Appoints Secretarial Auditor and Internal Auditors Brawn Biotech Ltd. announced on March 25, 2026, that its Board of Directors approved the appointments of Mr. Viney and M/s Sahil Pasricha & Associates. The decisions were made at a board meeting held on March 25, 2026, which commenced at 11:00 A.M. and concluded at 11:30 A.M.Mr. Viney, a Practicing Company Secretary (CoP No. 28263), has been appointed as the Secretarial Auditor for the financial year 2025-26. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) and possesses expertise in corporate, securities, and compliance management.M/s Sahil Pasricha & Associates (FRN: 026379N), a Chartered Accountant firm, has been appointed as...

Brigade Enterprises Limited Launches Brigade Belvedere with ₹ 1,100 Crores Revenue Potential Bengaluru, March 25, 2026 — Brigade Enterprises Limited has launched Brigade Belvedere, a residential development on a 10.75-acre site on Budigere Main Road, off Old Madras Road in East Bengaluru. The initial phase of the project includes two of five planned towers, comprising 773 premium residential units. Brigade Belvedere is estimated to have a revenue potential exceeding ₹ 1,100 Crores.The development offers 1, 2, and 3 BHK configurations ranging from 715 sq. ft. to over 2,013 sq. ft. and is located near major IT corridors and commercial hubs.According to Pavitra Shankar, Managing Director of Brigade Enterprises Limited, the project aims...

Pilani Investment and Industries Corporation Ltd. Allots ₹500 Crore in Non-Convertible Debentures Pilani Investment and Industries Corporation Limited announced the allotment of ₹500 crore in Non-Convertible Debentures (NCDs) through a private placement on March 25, 2026. The Investment and Finance Committee of the Board of Directors approved the allotment of 50,000 debentures, each with a face value of ₹1,00,000.The NCDs have been rated ‘AA+ (STABLE)’ by both CARE and CRISIL. The debentures will be listed on the Wholesale Debt Market segment of the BSE Limited.Key details of the NCDs are as follows:ParticularsDetailsType of SecuritiesFully Paid, Unsecured, Listed, Rated, Non-cumulative, Redeemable, Rupee Denominated...

ICICI Bank Allots Equity Shares Under Employee Stock Option Scheme ICICI Bank Limited announced the allotment of 1,213,683 equity shares on March 25, 2026. The shares, each with a face value of Rs. 2, were issued under the ICICI Bank Employees Stock Option Scheme 2000.The allotment was approved by two Executive Directors at 11:31 a.m., acting under the authority delegated by the Board of Directors during a meeting held on October 21, 2023.Source:

Times Green Energy (India) Ltd. Allots Bonus Equity Shares Times Green Energy (India) Limited announced the allotment of 27,87,200 bonus equity shares on March 25, 2026. The decision, approved by the Board of Directors, follows communications dated February 5, 2026, and March 14, 2026.The bonus shares are being issued in a 1:1 ratio, meaning one bonus share for every existing fully paid-up equity share held as of the record date, March 24, 2026. Each share has a face value of Rs. 10.Following the allotment, the company’s paid-up share capital has increased to Rs. 5,57,44,000, comprised of 55,74,400 fully paid-up equity shares of Rs. 10 each.The bonus shares will rank pari-passu with existing equity shares and carry the same...