Markets

Promoter Group Cancels Proposed Share Transfer at Ester Industries Ester Industries Ltd. announced the cancellation of a planned transfer of shares within its promoter group. The decision, revealed in a filing today, March 24, 2026, involves the previously announced gift of 124,858 equity shares, representing 0.13% voting rights.Ayush Vardhan Singhania, a member of the promoter group, initially informed the BSE Limited on March 18, 2026, of the proposed acquisition. The shares were to be gifted by Mr. Jai Vardhan Singhania, also a member of the promoter group and brother of Ayush Vardhan Singhania. The cancellation is attributed to personal reasons.According to Ayush Vardhan Singhania, the transaction did not contravene any...

ICICI Prudential Life Insurance Company Limited to Appeal Income Tax Order ICICI Prudential Life Insurance Company Limited announced on March 24, 2026, that it received an order under Section 143(3) of the Income Tax Act, 1961, from the Assistant Commissioner of Income Tax, Central Circle 6(2), Mumbai on March 23, 2026. The order pertains to Assessment Year 2024-25.The assessment order raises several issues, including the treatment of negative reserves as taxable surplus, the taxation of transfers from shareholder to policyholder accounts, disallowed exemptions under Section 10, and disallowances under Section 14A. The company noted that these issues have been addressed in previous rulings from the Courts, Income Tax Appellate...

Ceigall India Limited Receives Work Orders Totaling Approximately Rs. 298 Crores Ceigall India Limited announced it has received two work orders from Purvah Green Power Private Limited, to be executed in the state of Andhra Pradesh. The orders, dated March 23, 2026, involve construction and related services for renewable energy projects.The details of the work orders are as follows:ParticularsWork Order 300000188Work Order 300000187Order Awarding EntityPurvah Green Power Private LimitedPurvah Green Power Private LimitedContract TypeEngineering Procurement Construction (EPC)Engineering Procurement Construction (EPC)Nature of WorkSupply, transportation, erection including civil work on turnkey basis for a 220 kV...

Sandur Manganese & Iron Ores Limited Receives Delisting Approval for Non-Convertible Debentures Sandur Manganese & Iron Ores Limited announced on March 24, 2026, that it has received approval from the BSE Limited for the delisting of a tranche of its outstanding debt. The delisting applies to 45,000, 11% secured, listed, redeemable, rupee-denominated, transferable, and interest-bearing Non-Convertible Debentures (NCDs), with a face value of ₹94,000 each, bearing ISIN 'INE149K07013'.The delisting is effective from March 24, 2026, as communicated in BSE Notice No.20260323-21 dated March 23, 2026. This follows the completion of the early redemption of the NCDs prior to their maturity date, as previously announced on March 9, 2026.The...

Mahindra & Mahindra Transfers Shares to Employees via Stock Option Scheme Mahindra & Mahindra Limited announced on March 24, 2026, the transfer of equity shares from the Mahindra & Mahindra Employees' Stock Option Trust to eligible stock option grantees. This transfer occurred pursuant to the exercise of stock options granted under the company’s Employees' Stock Option Scheme.A detailed list of stock option grantees and the number of equity shares transferred to each individual is provided below:Mahindra & Mahindra Employees’ Stock Option Trust: Share Transfers to GranteesSr NoNameTotal No. of Equity Shares1Vinay Khanolkar5002Sunil Satpute3653Sudhir Sathe504Amol Parshuram Tawde6925S M Kamat3406Shrikant Dube168...

Tube Investments of India Receives No-Objection for Promoter Reclassification Tube Investments of India Limited announced on March 24, 2026, that both the National Stock Exchange of India Limited (NSE) and BSE Limited have granted no-objection for the reclassification of Algavista Greentech Private Limited from the "Promoter and Promoter Group Category" to the "Public Category."The approvals follow applications from the company dated December 18, 2025, February 4, 2026, and February 5, 2026. The NSE’s letter, reference no. NSE/LIST/COMP/TIlNDlA/567/2025-2026, and BSE’s letter, reference no. LIST/COMP1KR174412025-26, formally approved the reclassification.According to the NSE, the reclassification aligns with Regulation 31A of the...

OnMobile Global Limited Announces Resignation of Senior Vice President OnMobile Global Limited announced the resignation of Venkatesan Palani, Senior Vice President – Products, effective March 18, 2026, due to personal reasons. Palani’s last working day will be June 15, 2026, aligning with his notice period.The company acknowledged Palani’s contributions and expressed appreciation for his service.ParticularsDetailsReason for changeResignation due to personal reasonsDate of cessationw.e.f March 18, 2026 (Last working day being June 15, 2026)Source:

Pasupati Acrylon Ltd. Temporarily Shuts Acrylic Fiber Plant Amid Raw Material Delays Pasupati Acrylon Limited announced the temporary shutdown of its acrylic fiber plant, effective March 24, 2026. The disruption stems from delays in raw material shipments, attributed to the ongoing war in the Middle East region. Logistics disruptions have prevented raw materials from reaching the plant.The plant is expected to remain shut down until the first half of April 2026, contingent on the arrival of the raw material vessel. The company will update the stock exchanges regarding the resumption of manufacturing operations.Source:

Lexus Granito (India) Limited Appoints New Secretarial Auditor, Notes Resignation of Previous Auditor Lexus Granito (India) Limited announced on March 24, 2026, that its Board of Directors approved the appointment of M/s. Jitendra Parmar & Associates, Company Secretaries, Ahmedabad, as the company’s Secretarial Auditor for the financial year 2025-26. The appointment was effective March 24, 2026. Simultaneously, the Board noted the resignation of M/s. M. R. Bhatia & Co., Company Secretaries, Ahmedabad, effective the same date due to pre-occupation with other assignments.M/s. Jitendra Parmar & Associates is a peer-reviewed firm under ICSI with over 9 years of corporate legal experience.The company received a resignation letter from...

Chandan Healthcare Limited Secures MRI Installation Tender at Civil Hospital, Rohtak Chandan Healthcare Limited announced it has secured a tender to install a 1.5 Tesla MRI system at Civil Hospital, Rohtak, Haryana. The hospital is a 200-bedded government facility serving over 40,000 patients monthly.The project, awarded for a 10-year term, is expected to provide sustained revenue visibility and operational stability for the company. This initiative aligns with Chandan Healthcare Limited’s strategic expansion within the government healthcare diagnostics segment and aims to bolster its presence in high-demand regions.Source:

V-Guard Industries Limited Receives Assessment Order from Income-tax Department V-Guard Industries Limited announced on March 24, 2026, that it received an Assessment Order from the Assessment Unit, National Faceless Assessment Centre, Income-tax Department. The order concludes scrutiny assessment proceedings for the Assessment Year 2023-24.The Income-tax authority assessed a taxable income of INR 35,14,75,000 after adding the closing balance of provision for warranty to the total taxable income. This assessment results in an income-tax demand of INR 10,20,67,830, inclusive of applicable interest.The Income-tax Department has initiated separate penalty proceedings under section 270A of the Income-tax Act, due to the reported...

JFL Life Sciences Limited Rights Issue Fails to Meet Subscription Requirements JFL Life Sciences Limited announced today, March 24, 2026, that its rights issue did not achieve the minimum subscription requirement. The company had offered 3,29,95,323 equity shares with a face value of 10.00 per share at a price of 210.00 per share, in a ratio of one share for every one share held, as of March 10, 2026. The issue period ran from March 16, 2026, to March 24, 2026.The minimum subscription requirement, set at 90% of the issue size, was not met. Consequently, JFL Life Sciences will not proceed with the allotment of equity shares. The company will initiate a process to refund amounts held in ASBA accounts through KFin Technologies Limited...

Vishal Mega Mart Ltd. Receives Order from Bengaluru Tax Authority Vishal Mega Mart Limited announced it received an order from the Assistant Commissioner, LGSTO 38- Bengaluru, DGSTO-5, Bengaluru, Karnataka, on March 24, 2026.The order, issued under Section 74 of the CGST Act, 2017, alleges excess Input Tax Credit was availed and utilized by the company for the financial year 2019-20.The financial impact of the order totals Rs. 71,85,432, encompassing a tax demand of Rs. 23,43,585, interest of Rs. 24,98,262, and a penalty of Rs. 23,43,585. Vishal Mega Mart Limited stated that the order will have no material impact on operations or other activities. The company is currently reviewing the order and considering its next steps...

Nitco Ltd. Announces Resignation of Chief Financial Officer Bikash Jain Nitco Ltd. announced that Bikash Jain has resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective March 31, 2026. Jain's resignation is due to his relocation to Delhi for family reasons and in consideration of his future plans. The company expressed appreciation for the services rendered by Jain during his tenure.Consequently, Bikash Jain also ceases to be a Senior Management Personnel of the company, effective March 31, 2026.The following table summarizes the details of the resignation:ParticularsDetailsReason for changeResignation due to relocation to Delhi on account of family reasons and in...

Shree Cement Ltd. to Hold Board Meeting on May 6, 2026 Shree Cement Limited announced that a meeting of the Board of Directors will be held on Wednesday, May 6, 2026. The primary agenda includes the approval of audited standalone and consolidated financial results for the quarter and year ending March 31, 2026. The Board will also consider recommending a final dividend for the financial year 2025-26.Trading window for securities of the company will be closed from April 1, 2026, and will remain closed until May 8, 2026, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's code of conduct for insider trading.Source:

Diffusion Engineers Limited Updates Investors Following Plant Visit Diffusion Engineers Limited announced on March 24, 2026, that company officials hosted Nirbhay Investment Opportunities Fund for a meeting and plant visit. The event took place on Tuesday, March 24, 2026. According to the company, no unpublished price sensitive information (UPSI) was shared during the visit.Diffusion Engineers Limited, headquartered in Nagpur, Maharashtra, provides innovative superconditioning solutions. The company operates branches in Ahmedabad, Chennai, Chittorgarh, Faridabad, Jamshedpur, Kolkata, Pune, Raipur, and Secunderabad. The company’s stock symbol on the Bombay Stock Exchange is 544264 and DIFFNKG on the National Stock Exchange.Source:

Persistent Systems Reaffirms Q3FY26 Performance in Investor Meeting Persistent Systems Ltd. engaged in a one-on-one virtual meeting with Ashmore Investment Management on Tuesday, March 24, 2026, at 2:00 pm (IST).During the session, Persistent Systems reiterated information previously shared during the earnings call for the quarter and nine months ended December 31, 2025. Further information was not disclosed.The investor presentation and factsheet from the Q3FY26 earnings call is available at the following weblink: Analyst Presentation and Factsheet Q3FY26.Source:

Dev Accelerator Limited Announces ₹35 Crore Fundraise to Expand Ahmedabad Workspace Footprint Ahmedabad, March 24, 2026: Dev Accelerator Limited (NSE: DEVX; BSE: 544513) announced today that its Board of Directors has approved a fundraise of up to ₹35 Crores through the preferential issuance of Convertible Warrants and Equity Shares to both Promoters and a Non-Promoter investor, subject to shareholder approval and applicable regulatory compliances.Promoters of the company are participating in the fundraise with a capital infusion of up to ₹15 Crores through Convertible warrants, while a Non-Promoter investor will subscribe to the balance up to ₹20 Crores through equity shares.The proceeds from the fundraise will be used for the...

HDFC Asset Management Company Ltd. Schedules Board Meeting to Review FY26 Financial Results HDFC Asset Management Company Ltd. announced that a board meeting is scheduled for April 16, 2026, to review the company’s financial performance. The board will consider and approve audited standalone and consolidated financial results for the quarter and year ending March 31, 2026.During the meeting, the board will also consider a recommendation for a dividend for the financial year ending March 31, 2026. The results, along with auditor reports, will be submitted following SEBI regulations.Trading in shares of the company will be closed for designated individuals and their immediate relatives from April 1, 2026, to April 18, 2026, inclusive...

Shreekant Somany Acquires Additional Shares in Somany Ceramics Ltd. Somany Ceramics Ltd. announced that Shreekant Somany, a promoter of the company, has acquired additional equity shares. The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.As of March 23, 2026, Somany acquired 4,500 shares, representing 0.01% of the company's total and diluted share capital. This acquisition increased Somany’s total holding to 1,27,945 shares, equivalent to 0.31% of the company's total and diluted share capital.Somany Ceramics Limited's total equity share capital stands at INR 8,20,25,612, divided into 4,10,12,806 equity shares of INR 2 each. The acquisition was made...