Markets

Fractal Analytics Ltd. Approves Business Unit Transfer, Investments, and Governance Updates Fractal Analytics Ltd. announced several key decisions following a board meeting held on March 20, 2026. The company approved the sale and transfer of its EdTech, Fractal Analytics Academy (FAA), and Iqigai.ai business units to Analytics Vidhya Educon Private Limited (AVEPL), a wholly owned subsidiary, for an aggregate consideration of INR 10.9 crore. The transaction, effective April 1, 2026, is subject to adjustments based on the terms of the Business Transfer Agreement.In addition, Fractal Analytics approved an investment of INR 39.4 crore in equity shares of AVEPL, also a wholly owned subsidiary. The company also increased the investment...

Orient Green Power Reports Progress on Wind Turbine Project Orient Green Power Company Limited announced on March 21, 2026, that its subsidiary, Gamma Green Power Private Limited, has completed the erection of two 3.3 MW wind turbine generators (WTGs) manufactured by Envision, totaling 6.6 MW in capacity. The project, located in Tiruchirappalli District, Tamil Nadu, involves a turnkey Engineering, Procurement and Construction (EPC) contract with Renfra Energy India Limited.Gamma received service connection for the completed WTGs on March 20, 2026. Remaining procedural formalities are underway, with full commissioning expected shortly. Implementation of the remaining 3.3 MW capacity is currently in progress.This development signifies...

New Delhi Television Limited Updates Timeline for 'GoodTimes' Channel Acquisition New Delhi Television Limited announced an update regarding the acquisition of the business undertaking comprising the 'GoodTimes' Channel from Lifestyle & Media Broadcasting Limited. The acquisition, previously disclosed on September 19, 2025, and December 18, 2025, is currently underway and is now anticipated to be completed within approximately three months.The completion of the transaction remains contingent on obtaining necessary statutory and regulatory approvals and fulfilling standard conditions precedent.Source:

H.G. Infra Engineering Limited Completes Sale of Subsidiary H.G. Infra Engineering Limited announced the transfer of its 100% equity stake in H.G. Khammam Devarapalle PKG-2 Private Limited to Neo Infra Income Opportunities Fund on March 20, 2026. This follows previous announcements on August 13, 2025, and December 26, 2025, regarding the planned sale.The transaction concluded with a total consideration of ₹ 213.85 crore. The company received an initial tranche of ₹ 47.63 crore on March 20, 2026, with a second tranche expected.H.G. Khammam Devarapalle PKG-2 Private Limited contributed ₹ 287.58 crore, or 5.7%, to the company’s consolidated revenue for the financial year ended March 31, 2025. The subsidiary’s net worth as of March 31...

Airfloa Rail Technology Ltd. Secures ₹ 22.91 Crores Order from BEML Limited Airfloa Rail Technology Limited announced it has received a new order valued at ₹ 22.91 Crores from BEML Limited, Bangalore, on March 20, 2026.The order involves the design, manufacture, supply, testing, and commissioning of lighting systems, including CMC spares and tools, for the Cars of the Chennai Metro Rail Project - Phase -II. The total order value is ₹ 22.91 Crores, with payment terms stipulating 100% payment within 45 days of each supply. The delivery period is slated to commence in November 2026 and is expected to be completed within 17 months. Inspection of the goods will be conducted by BEML at their premises.According to details released, the...

Nuvoco Vistas Corp. Ltd. Executes Agreements Related to Series B CCDs Nuvoco Vistas Corporation Limited announced on March 20, 2026, that it executed securities subscription and debenture trustee agreements, along with an option agreement, in relation to Series B Compulsorily Convertible Debentures (CCDs). These agreements involve the company, its wholly-owned subsidiary Vadraj, the Debenture Trustee acting for the investors, and Niyogi Enterprise Private Limited.The proceeds from the issuance of the Series B CCDs will be used to repay amounts due to the company for financial assistance provided to Vadraj and to cover costs associated with the issuance.Key Details of the Option Agreement:ParticularsDetailsPartiesThe Company...

Alkem Laboratories Receives EU GMP Certificate for Daman Facility Alkem Laboratories Limited announced on March 21, 2026, that it has received a 'Certificate of GMP Compliance of a Manufacturer' from the Malta Medicines Authority for its manufacturing facility located in Daman, India. This follows a GMP inspection by the Malta Medicines Authority that occurred on December 9, 2025.The certificate is valid for three years from the date of inspection. The facility’s GMP compliance is crucial for continued operations and exports within the European Union. A copy of the certificate will be available on the company’s website.Source:

Glenmark Pharmaceuticals Launches GLIPIQ Ⓡ (Semaglutide) in India, Setting New Affordability Benchmark Mumbai, India, March 21, 2026: Glenmark Pharmaceuticals Ltd (Glenmark) announced the launch of GLIPIQ Ⓡ (semaglutide) in India for the management of Type 2 Diabetes Mellitus (T2DM). The launch aims to improve affordability and expand access to advanced diabetes treatment for patients.GLIPIQ Ⓡ is available in both vial and pre-filled pen formulations and has been approved by the Central Drugs Standard Control Organization (CDSCO) following a Phase III clinical study in India. The vial-based formulation, with dose-specific syringes, is intended to offer a more accessible and flexible approach to GLP-1 therapy and a cost-effective...

Waaree Energies Limited Announces Key Personnel for Materiality Determinations and Disclosures Waaree Energies Limited has announced the Key Managerial Personnel (KMP) authorized to determine the materiality of events and information, as well as those responsible for making disclosures to stock exchanges. The announcement, made on March 20, 2026, outlines the individuals designated under Regulation 30(5) of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.The individuals authorized to determine materiality include Mr. Hitesh Doshi, Chairman and Managing Director; Mr. Hitesh Mehta, Whole-time Director; Mr. Jignesh Rathod, Whole-time Director and CEO; and Mr. Abhishek...

Transworld Shipping Lines Limited Signs Agreement to Sell Vessel M.V. SSL Krishna Transworld Shipping Lines Limited (formerly known as Shreyas Shipping & Logistics Ltd) announced on March 20, 2026, that it has entered into a Memorandum of Agreement (MOA) to sell one vessel, M.V. SSL Krishna, to Avana Logistek Limited. The consideration for the sale is USD 11.90 million.Source:

Radhagobind Commercial Ltd. Holds Fifth Committee of Creditors Meeting Radhagobind Commercial Ltd. announced the schedule for its fifth Committee of Creditors (COC) meeting on March 21, 2026. The meeting, chaired by Resolution Professional Najeeb T P, took place on February 5, 2026, at 4:00 PM, both at Baithussalam, Balankinar, Kattampally Road, Near Indus Motors Maruthi Service Centre, Kannur 670011 Kerala and through video conferencing.The agenda for the meeting included a review of the Corporate Insolvency Resolution Process (CIRP) progress and actions taken by the Resolution Professional. Discussions focused on the receipt and evaluation of resolution plans, with plans received up to midnight on March 17, 2026, being considered...

Oberoi Realty Receives NCLT Extension for Hotel Horizon Acquisition Oberoi Realty Ltd. has received an extension from the National Company Law Tribunal (NCLT) for the payment of resolution money related to the acquisition of Hotel Horizon Private Limited (HHPL) under the Insolvency and Bankruptcy Code, 2016.The acquisition is being carried out through a consortium including Shree Naman Developers Private Limited and JM Financial Properties and Holdings Limited. The NCLT initially approved the resolution plan on January 29, 2026, which stipulated payment of Rs. 919.25 Crore to creditors, including an equity subscription of Rs. 1 Crore for 100% ownership of HHPL. The payment was initially due within 45 days of the NCLT approval date...

Fusion Finance Limited Announces Leadership Changes New Delhi, March 20, 2026 – Fusion Finance Limited announced leadership changes following a board meeting held on March 20, 2026.The company confirmed the resignation of Mr. Sanjay Mahajan from the position of Chief Information Officer, effective March 20, 2026. Mr. Mahajan cited health concerns as the reason for his departure.Fusion Finance Limited also announced the appointment of Mr. Susheel Kumar Menon as Chief Information Officer, effective March 20, 2026. Mr. Menon will also continue in his existing role as Chief Information Security Officer (CISO) on an interim basis. He joined the company as CISO on April 8, 2024.Brief Profile of Mr. Susheel Kumar Menon: Mr. Susheel Kumar...

Gautam Exim Ltd. Schedules Board Meeting, Proposes Share Sub-Division and Bonus Issue Gautam Exim Limited announced that a meeting of its Board of Directors is scheduled for March 28, 2026, at 4:00 P.M. at the company's registered office.Key agenda items for the meeting include:Approval for the sub-division/split of equity shares with a face value of Rs. 10 each. Consideration and approval of a bonus share issue for equity shareholders. Authorization for Directors Rajkumar Agrawal (DIN: 11129059) and Balasubramanian Raman (DIN: 00410443) to apply for ICEGATE Registration. Appointment of CS Varun Bhomia & Co. as the Secretarial Auditors of the company.The Board will also consider alterations to the Memorandum of Association and...

Thomas Cook (India) Limited Announces Demerger of Resorts and Resort Management Business into Sterling Holiday Resorts Limited Mumbai, March 20, 2026 – The Board of Thomas Cook (India) Limited (TCIL) has given in-principle approval to a proposal for the demerger of the company's Resorts and Resort Management business into Sterling Holiday Resorts Limited (SHRL), followed by a subsequent capital restructuring of TCIL. This action is intended to unlock value for TCIL shareholders and streamline the company's capital structure, potentially leading to improved Earnings Per Share. The demerger and restructuring are subject to NCLT and other regulatory approvals.TCIL operates 6 resorts directly under the brand name Nature Trails, located...

Bharti Airtel Limited Completes Conversion of Shares, Trading to Begin March 23 Bharti Airtel Limited announced the completion of the conversion process for a significant number of partly paid-up equity shares into fully paid-up equity shares. The conversion follows the receipt of the First and Final Call from the company.A total of 390,998,501 fully paid-up equity shares, initially held as partly paid-up with a face value of INR 5 each and a paid-up value of INR 1.25 per share, have been credited to the demat accounts of eligible shareholders.Trading of these newly converted shares will commence on Monday, March 23, 2026, on the National Stock Exchange of India Limited and BSE Limited, under the ISIN: INE397D01024.The company...

Samvardhana Motherson International Limited Announces Dissolution of Subsidiary March 20, 2026 – Samvardhana Motherson International Limited announced the dissolution of its indirect wholly-owned subsidiary, SMR Real Estate Deutschland B.V. & Co. KG ('SMR Real Estate'), based in Germany. The dissolution was confirmed by the Commercial Register on March 17, 2026, following an application submitted by SMR Real Estate.SMR Real Estate was not carrying out any business operations. As a result, the turnover or revenue or income and net worth contributions of SMR Real Estate were Nil during the last financial year.The dissolution does not involve any sale or disposal, and therefore details related to agreements, completion dates...

Aditya Kumar Halwasiya Acquires 800,000 Shares of Cupid Limited Cupid Limited, a manufacturer and exporter of male condoms, female condoms, water-based lubricants, and In Vitro Diagnostics (IVD) kits, announced that it received a disclosure from Mr. Aditya Kumar Halwasiya, a promoter and the Chairman and Managing Director of the company, regarding the acquisition of shares.According to the disclosure, Mr. Halwasiya acquired 800,000 equity shares in an open market transaction on March 20, 2026. This acquisition increased his holding to 442,445,475 shares, representing 32.90% of the total share/voting capital and 32.84% of the total diluted share/voting capital of Cupid Limited.Prior to the acquisition, Mr. Halwasiya held 441,645,475...

Setco Automotive Subsidiary Receives Consent for Investor IRR Waiver Setco Automotive Limited announced on March 20, 2026, that its material subsidiary, Setco Auto Systems Private Limited (SASPL), has secured consent for a waiver of accrued Investor Internal Rate of Return (IRR). The waiver, approved at a board meeting held on March 20, 2026, pertains to an IRR of 18% per annum, amounting to ₹75.50 crore for the Financial Year 2025-26.This waiver applies to Non-Convertible Debentures issued by SASPL under Debenture Trust Deeds dated August 31, 2021, and July 19, 2024. Vistra ITCL (India) Limited is acting as the Debenture Trustee.The approval and consent were obtained in accordance with the terms of the Debenture Trust Deeds and...

UGRO Capital Limited Allots Commercial Papers UGRO Capital Limited announced the allotment of commercial papers on March 20, 2026, according to a filing. The Investment and Borrowing Committee of the Board of Directors approved the issuance.The commercial papers are proposed to be listed and have a tenure of 90 days, with a redemption date of June 18, 2026. Each security has a face value of ₹5,00,000/- and was issued at a price of ₹4,89,145/-. The total issue value is ₹14,67,43,500/-.Details of the commercial paper issuance are presented below:Description of the SecurityCommercial PapersListed/UnlistedProposed to be listedAllotment Date20 th March 2026Redemption Date18 th June 2026Tenure of the security90 daysFace...