Markets

Bajaj Electricals Limited Receives Appeal Order Regarding GST Assessment Bajaj Electricals Limited announced it received an Appeal Order on March 20, 2026, regarding a previous assessment order from the Deputy Commissioner of Sales Tax, Danapur 1, Bihar. The original order, issued previously and detailed in a communication from March 31, 2024, included a total demand of 10.40 million rupees, encompassing a general penalty of 0.20 million rupees, related to alleged disallowance of Input Tax Credit for fiscal year 2017-18.The company had filed an appeal against the initial order. The Appeal Order issued by the Appellate Authority under Section 107 of the CGST Act 2017, reduced the total demand to 15.63 million rupees, including a...

Info Edge (India) Limited Receives Tax Demand Notice Info Edge (India) Limited announced the receipt of a Notice of Demand from the Assessment Unit, Income Tax Department on March 20, 2026. The demand pertains to an Assessment Order for Assessment Year 2024-25, totaling Rs. 3,64,63,140.The tax demand primarily arises from disallowances related to employee stock option (ESOP) expenses claimed by the company. Info Edge (India) Limited stated that the order is appealable and the company is currently reviewing it and evaluating subsequent steps.The company reported that the order is not expected to have a material impact on its financials, operations, or other activities in the current financial year. Similar disallowances for...

Medplus Health Services Subsidiary Receives Drug License Suspension Order Medplus Health Services Limited announced that Optival Health Solutions Private Limited, a subsidiary, has received a suspension order for a Drug License affecting one of its stores. The order, received on March 20, 2026, suspends the Drug License for a period of seven days for the store located on Bhimavaram P P Road in Andhra Pradesh.The suspension is attributed to a violation of Rule 65 of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945. The potential financial impact of this suspension is estimated at a revenue loss of Rs 1.93 lacs.Further details regarding the order are available on the company website at www.medplusindia.com, as...

Celebrity Fashions Limited Allots Shares and Alters Redemption Date for Preference Shares Celebrity Fashions Limited announced on March 21, 2026, that its Board of Directors approved the allotment of 48,69,933 equity shares through a preferential issue. The allotment follows shareholder approval obtained through a Postal Ballot on February 18, 2026, and prior in-principle approval from the National Stock Exchange of India Limited (NSE) and BSE Limited.The shares are being issued at a price of Rs. 10.31 per share, including a premium of Rs. 0.31 per share, for a total of Rs. 5,02,09,009.23. The shares are ranked pari-passu with existing equity shares.The preferential issue involved investors Mr. Venkatesh Rajagopal, Mr. Vidyuth...

EID Parry India Limited Dispatches Postal Ballot Notice to Shareholders EID Parry India Limited announced on March 21, 2026, the dispatch of a postal ballot notice to its shareholders. The company published notices in Business Standard and Dinamani newspapers on the same date regarding this matter. The postal ballot notice pertains to resolutions requiring shareholder approval. The company’s registered office is located at Dare House, 234, N.S.C. Bose Road, Parrys Corner, Chennai 600 001, India. The company's CIN is L24211TN1975PLC006989 and its website is www.eidparry.com.Source:

Afcons Infrastructure Limited Receives Penalty Order from Tehsildar, Thane Mumbai – March 21, 2026 – Afcons Infrastructure Limited announced today that it has received a notice regarding a penalty order from the Tehsildar, Thane, Maharashtra.The penalty of ₹1.84 crore relates to alleged irregularities concerning earth excavation and removal activities in the Balkum area, pertaining to the MML5 project. The order was received on March 18, 2026. According to Afcons Infrastructure Limited, the delay in disclosure was due to the translation of the order from Marathi to English to evaluate the details of the matter.Currently, the company states there is no financial impact on operations and intends to contest the order by filing an...

DOMS Industries Subsidiary Receives GST Order DOMS Industries Limited announced on March 21, 2026, that its subsidiary, Uniclan Healthcare Private Limited, has received an order from the Office of Superintendent of Central Taxes (GST), Thane. The order pertains to the financial year 2021-22 and was received on March 20, 2026.The order relates to the alleged wrongful availment and utilization of Input Tax Credit (ITC) without the actual receipt of underlying goods or services. The total amount for recovery of alleged inadmissible ITC, along with penalty and interest, is ₹ 5,22,692 and ₹ 10,45,384 respectively.According to DOMS Industries, Uniclan Healthcare is assessing legal remedies and plans to submit a response within the...

Aditya Birla Money Ltd. Settles with SEBI Regarding Algo Platform Association Aditya Birla Money Limited announced on March 21, 2026, that it has received a Settlement Order from the Securities and Exchange Board of India (SEBI) under the 'Settlement Scheme for Association with Certain Algo Platforms, 2025'.The Settlement Order, dated March 17, 2026, pertains to an investigation by SEBI regarding the company's association with certain algo platforms offering assured returns. As part of the settlement, Aditya Birla Money Limited paid a settlement amount of Rs. 1,00,000 (Rupees One Lakh only).The company stated that the settlement will have no material impact on its financial, operational, or other activities, apart from the...

KEI Industries Limited Receives Improved ESG Rating KEI Industries Limited announced on March 21, 2026, that it received an updated Environmental, Social, and Governance (ESG) rating from SES ESG Research Private Limited, a SEBI registered ESG Rating Provider. The ESG rating was issued on March 20, 2026.According to the report, KEI Industries’ overall ESG score increased from 69.2 (Grade B) (Adjusted) in Financial Year 2023-24 to 70.5 (Grade B+) (Adjusted) for Financial Year 2024-25.Source:

Techindia Nirman Limited Announces Changes in Independent Directors Techindia Nirman Limited announced the cessation of tenures for two independent directors, Mr. Vadla Nagabhushanam and Mr. Madhukar Dhondiraj Deshpande.Mr. Nagabhushanam’s term concluded on October 30, 2025. Mr. Deshpande's term ended on February 12, 2026.The company expressed appreciation for the contributions of both directors during their tenures.According to filings, Mr. Nagabhushanam held DIN 08863512, while Mr. Deshpande held DIN 07630081. Mr. Nagabhushanam was a member of the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee, while Mr. Deshpande was a member of the Nomination and Remuneration Committee. Both...

Deepak Builders & Engineers India Limited Receives GST Summons Deepak Builders & Engineers India Limited announced it received a Goods and Services Tax (GST) summons from the CGST Delhi South, New Delhi, on March 20, 2026. The summons were issued under Section 70 of the Central Goods and Services Tax Act, 2017, in connection with ongoing inspection proceedings.The company is required to appear on March 25, 2026, at 11:00 AM at the office of the Superintendent, Group-2, Anti Evasion, CGST Delhi South, in New Delhi. The summons request the individual to tender a statement, provide turnover reconciliation records, and submit purchase/sales records with supporting documentation.According to the company, the summons do not allege any...

Sammaan Capital Limited Reports Timely Payment on Secured Redeemable Non-Convertible Debentures Sammaan Capital Limited announced that it has made timely payments for scheduled principal and interest amounts on its secured redeemable non-convertible debentures. The payments were made on March 23, 2026, for dues originally scheduled for March 09, 2026, and March 20, 2026.The company issued the debentures through a public issue and they are listed on stock exchanges. Details of the interest payments are outlined below:Interest Payment DetailsSr. No.ISINIssue Size* (in INR lacs)Interest Amount to be paid on due date (in INR lacs)Frequency1INE148I07NV8798.636.02103Monthly2INE148I07NX430.02129Monthly...

Kamdhenu Limited Allots Warrants, Completes Investment Phase Kamdhenu Limited announced the allotment of 2,96,45,000 warrants by Kamdhenu Ventures Limited (KVL) on March 21, 2026. This allotment follows a previous announcement made on March 20, 2026, regarding a partial investment in warrants.The warrants, convertible into an equivalent number of equity shares with a face value of Re. 1 each, were issued at an issue price of Rs. 6.80 per warrant. KVL has paid Rs. 5,03,96,500, representing 25% of the total investment amount.Further details pertaining to the allotment, as required under SEBI regulations, were previously disclosed on February 13, 2026.Khem Chand, Company Secretary & Compliance Officer, FCS: 10065, confirmed the...

Amines & Plasticizers Limited Receives Income Tax Assessment Orders and Show Cause Notices Amines & Plasticizers Limited announced it received Income-Tax Assessment Orders and Show Cause Notices from the Income Tax Department, Office of the Income Tax Officer, Assessment Unit. The Assessment Orders pertain to Assessment Year (AY) 2014-15 and AY 2015-16, received on March 20, 2026, and March 21, 2026, respectively. Show Cause Notices (SCNs) for Penalty under Section 274 read with Section 271 (1)(c) of the Income Tax Act are also associated with these assessments, received on March 21, 2026.The demand raised in the Assessment Orders for AY 2014-15 is Rs. 3,40,62,316, inclusive of Rs. 2,08,15,413 in interest. For AY 2015-16, the demand...

Responsive Industries Limited Clarifies ESG Rating Disclosure Responsive Industries Limited announced on March 21, 2026, that CFC Finlease Private Limited, a SEBI-registered ESG Rating Provider, has submitted a disclosure related to ISIN INE688D01026. The company clarified that it has not engaged CFC Finlease Private Limited for ESG Rating services and the disclosure is based on publicly available information.The company received notification of the disclosure from the BSE Limited on March 20, 2026. The announcement is also available on the company's website at www.responsiveindustries.com.Source:

Craftsman Automation Limited Receives Income Tax Order Coimbatore – March 21, 2026 – Craftsman Automation Limited announced today that the Principal Commissioner of Income Tax in Coimbatore has issued an order dated March 20, 2026, directing the Assessing Officer to disallow Rs. 5.30 Crore concerning the company’s returned income for the Assessment Year 2022-23, under Section 263 of the Income Tax Act of 1961. The tax demand liability will be finalized upon the Assessing Officer’s subsequent order.According to the company, it believes the disallowance is unsustainable and intends to pursue legal recourse. Craftsman Automation Limited stated that it does not anticipate a material impact on its financial performance, operations, or...

Torrent Pharma Launches Semaglutide Formulations in India Mumbai, March 21, 2026 – Torrent Pharmaceuticals Limited announced the launch of its Semaglutide brands, Sembolic and Semalix, in India. The company is introducing both oral and injectable formulations, expanding its presence in the treatment of metabolic disorders like type-2 diabetes and obesity. Torrent Pharma is the first Indian company to launch generic oral semaglutide. The injectable formulation is available starting at Rs. 3,999 per month.“Metabolic disorders represent one of the most significant healthcare challenges in India,” said Amal Kelshikar, CEO - India Business, Torrent Pharma. “Our entry into the GLP-1 therapy segment reflects Torrent's commitment to expanding...

Gujarat Kidney And Superspeciality Limited Pays Penalties for Non-Compliance Gujarat Kidney And Superspeciality Limited announced that it has paid fines to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) related to non-compliance with Regulation 33 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.The company paid a penalty of Rs. 3,30,400 to the BSE and Rs. 3,30,400 to the NSE, both amounts remitted on March 20, 2026, via RTGS.The NSE issued a notice regarding the non-compliance on March 17, 2026, at 7:12 p.m., while the BSE issued its notice on the same date at 6:48 p.m. The violations involved the non-submission of financial...

RBL Bank Limited Grants Stock Options to Employees RBL Bank Limited announced on March 21, 2026, that its Nomination and Remuneration Committee approved the grant of 238,000 stock options to eligible employees. The options are convertible into 238,000 equity shares, each with a face value of Rs. 10.The exercise price for the options has been set at Rs. 297.25 per option, based on the closing price on the National Stock Exchange of India Limited on March 20, 2026.Vesting of the options will occur over three years, with 30% vesting at the end of the first year, 30% at the end of the second year, and the remaining 40% at the end of the third year. Options can be exercised within a five-year period from the vesting date. The grants are...

Asian Hotels (West) Limited Announces Promoter Group Share Acquisition Asian Hotels (West) Limited disclosed that Gunjan Jain, a member of the Promoter Group, acquired equity shares of the company through an off-market transaction. The acquisition occurred between March 12, 2026, and March 20, 2026.According to the filing, Gunjan Jain held 160,571 equity shares, representing 1.378% of the company, prior to the acquisition. Following the purchase of 1,239 shares, Jain now holds 161,810 equity shares, equating to 1.389% of the company’s outstanding shares.The disclosure was made in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.DetailValueNameGunjan JainCategory of PersonPromoter GroupSecurities...