Markets

Tata Steel Inaugurates First Scrap-Based Electric Arc Furnace in India Mumbai, March 20, 2026: Tata Steel today introduced its scrap-based Electric Arc Furnace (EAF) facility at Hi-Tech Valley, Ludhiana, marking a significant milestone in the company’s commitment to sustainable steelmaking. The facility, built with an investment of approximately ₹3,200 crore, has a capacity of 0.75 million tonnes per annum and is designed to achieve CO₂ emissions less than 0.3 tonne per tonne of steel.S Bhagwant Singh Mann, Hon'ble Chief Minister of Punjab, and N Chandrasekaran, Chairman, Tata Steel, inaugurated the facility alongside T V Narendran, CEO & Managing Director, Tata Steel, and other senior officials.“Tata Steel's Ludhiana Electric Arc...

Western Ministil Limited Appoints Additional Director and Schedules Extraordinary General Meeting Mumbai – March 20, 2026 – Western Ministil Ltd. announced the appointment of Mrs. Hiralben Mehulsingh Gohil as an Additional Director to the company's board, effective March 20, 2026. Mrs. Gohil will serve as a Non-Executive Independent Director for a five-year term, subject to shareholder approval. She holds a Master of Business Administration with a Finance specialization and currently serves as a Project Head at Disha Infra.The company's board also approved the notice for an Extraordinary General Meeting (EGM) scheduled for April 15, 2026, at 3:00 P.M. via video conferencing. Shareholders will vote on the appointment of the director...

Saboo Sodium Chloro Limited Obtains Forest NOC for Luxury Resort Project Jaipur, Rajasthan – March 20, 2026 – Saboo Sodium Chloro Limited (SSCL) announced it has secured the necessary Forest No Objection Certificate (NOC) for its proposed 120-room luxury 5-star resort project in Jawai, Rajasthan. This marks a significant milestone in the resort’s development.The project is situated on approximately 40,000 square meters of land in Jawai, a prominent wildlife tourism destination in India recognized for its leopard habitat and conservation landscape. The location is adjacent to Aaramgah Jawai Resort & Spa, a member of Radisson Individuals Retreats.SSCL has submitted architectural drawings and is finalizing the tendering process for the...

Total Transport Systems Limited Receives GST Order Mumbai – March 20, 2026 – Total Transport Systems Limited (SYMBOL: TOTAL) announced today that it has received an order from the Assistant Commissioner, Central Goods & Services Tax & Central Excise, Division- VIII, Mumbai East Commissionerate. The order, dated December 31, 2025, pertains to alleged non-compliance under the GST laws for the period of April 2018 to March 2019.The demand aggregating to ₹63,85,350 includes a tax amount of ₹31,92,675 and a penalty amount of ₹31,92,675. The order cites two primary violations: ineligible Input Tax Credit (ITC) from non-compliant suppliers and excess ITC claims compared to figures reflected in GSTR-2A.Total Transport Systems Limited is...

Vertex Securities Ltd. Announces Subscription by Specific Investors in Rights Issue Vertex Securities Limited announced that specific investors have subscribed to shares renounced by promoters in the company’s ongoing rights issue. The rights issue aims to raise up to ₹1,480.24 lakhs through the issuance of equity shares with a face value of ₹2 each.According to a filing, promoters have renounced their shares, and the following specific investors have committed to subscribe to the renounced shares as of 11:00 a.m. on March 20, 2026, which was the issue opening date.Details of Subscription Commitments:Sr. No.RegulationName of Specific Investor (Renouncee)Name of Promoter (Renouncer)Number of Equity Shares RenouncedNumber of Shares...

Shop LC Named Among USA TODAY's Most Trusted Brands of 2026 Austin, March 20, 2026: Shop LC has been recognized as one of the Most Trusted Brands of 2026 by USA TODAY, earning a four-star rating in the annual study. The study evaluated over 20,000 brands, ranking Shop LC among the top 400 companies in the United States.Shop LC joins a group of globally recognized brands like Charlotte Tilbury Beauty, Carolina Herrera, and BMW Group.Francesca Kennedy, a Shop LC spokesperson, stated that the recognition reflects the brand’s consistency in delivering on promises and creating a meaningful impact over time.The company highlighted its purpose-led initiatives, including its "Your Purchase Feeds…" midday meal program, which has provided...

Mawana Sugars Limited Receives NCLT Approval for Amalgamation Scheme Mawana Sugars Limited announced that the National Company Law Tribunal (NCLT), New Delhi Bench, has admitted a petition under Sections 230 to 232 of the Companies Act, 2013, regarding a scheme of amalgamation between Mawana Foods Private Limited (Transferor Company) and Mawana Sugars Limited (Transferee Company).The NCLT’s order, dated March 18, 2026, directs both companies to publish notices in the Business Standard (English and Hindi, Delhi Edition) newspapers and to issue notices to specified authorities as outlined in Section 230(5) of the Companies Act, 2013. These authorities have been instructed to submit any representations within 30 days of receiving the...

Skipper Ltd. Incorporates Wholly-Owned Subsidiary in Brazil Skipper Limited announced the incorporation of a wholly-owned subsidiary, Skipper Latam Ltda, in São Paulo, Brazil, on March 20, 2026. The subsidiary was established as part of the company’s strategy to expand operations beyond India and create a platform for global trading and marketing of its products.Skipper Latam Ltda will focus on the sale of towers and poles, including accessories. The company is newly incorporated, with a share capital of R$ 1,00,000. The subsidiary is considered a related party transaction due to Skipper Limited’s full ownership.Details regarding the incorporation are as follows:ParticularsDetailsName of the target entitySKIPPER LATAM LTDA...

Vascon Engineers Limited Allots 30,30,000 Equity Shares Under Employee Stock Option Scheme Vascon Engineers Limited announced the allotment of 30,30,000 equity shares with a face value of Rs. 10 each under the Employee Stock Option Scheme - 2020 (ESOS-2020). The Board of Directors approved the allotment through a circular resolution dated March 20, 2026, following the exercise of options granted and vested to eligible employees.The newly allotted shares do not have a lock-in period and will rank equally with existing equity shares, entitling them to declared dividends and other corporate benefits.The company’s paid-up share capital has increased following the allotment, as detailed below:ParameterPrevious ValueCurrent Value...

Benara Bearings & Pistons Ltd. Appoints Two Independent Directors Benara Bearings & Pistons Ltd. announced the appointment of Mr. Harvendra Kumar Singh and Mrs. Sunidhi Jain as additional Independent Directors, effective March 20, 2026. The Board approved the appointments during a meeting held on March 20, 2026, which commenced at 11:35 Hrs. and concluded at 12:40 Hrs. The appointments are subject to member approval via an EOGM/Postal Ballot.New Directors’ Profiles A table summarizing the profiles of the newly appointed directors is provided below:Name of DirectorMr. Harvendra Kumar SinghMrs. Sunidhi JainDirectors' Identification No. (DIN)1161006811610101Date of BirthJanuary 15, 1970February 5, 1975Date of Appointment on...

P N Gadgil Jewellers Surpasses ₹10,000 Crore Revenue Milestone; Gudi Padwa Sales Rise 38% YoY P N Gadgil Jewellers Limited announced it has surpassed the ₹10,000 crore revenue milestone for the financial year 2025-26, reflecting strong business momentum.On the occasion of Gudi Padwa, the company reported festive sales of ₹170.7 crore, marking a 38% year-on-year growth compared to the previous year.The Gold segment contributed significantly to the revenue increase, with sales rising by 35% year-on-year. The Diamond and Silver segments also demonstrated robust growth, with revenues increasing by 61% and 118% year-on-year, respectively.Dr. Saurabh Gadgil, Chairman and Managing Director, commented on the achievement, attributing it to...

IOL Chemicals & Pharmaceuticals Receives Disclosure of Change in Promoter Group Holding IOL Chemicals & Pharmaceuticals Limited (IOLCP) announced that NCVI Enterprises Limited, a Promoter Group entity, acquired shares on March 19, 2026. The disclosure was made under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.NCVI Enterprises Limited held 4,82,50,695 equity shares, representing 16.44% of the company, prior to the acquisition. Following the acquisition of 4,04,305 shares, the entity now holds 4,86,55,000 equity shares, equating to 16.58% of the company. The transaction was executed on the open market, with a total value of ₹3,01,44,163.The company is based in Ludhiana.NCVI Enterprises Limited is...

Hi-Tech Gears Ltd. Announces Resignation of Vice President – HR Hi-Tech Gears Ltd. announced that Mr. Sharad Mishra has resigned from his position as Vice President – HR, effective March 19, 2026. Mr. Mishra had previously submitted a resignation letter dated January 23, 2026, and requested to be relieved from his position at the close of business hours on March 19, 2026.According to a filing, Mr. Mishra cited the opportunity to benefit from leadership guidance and expressed respect for feedback received regarding his performance.The company provided additional details regarding the resignation, including the date of cessation from the position, which was March 19, 2026.S. No.Details of EventInformation of such Event(s)...

Shukra Pharmaceuticals Closes Trading Window Ahead of Financial Results Announcement Shukra Pharmaceuticals Ltd. has announced the closure of its trading window for company securities, effective from Wednesday, April 1, 2026. The restriction applies to promoters, members of the promoter group, directors, key managerial personnel, insiders, designated persons, connected persons, and their immediate relatives.The trading window closure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and related SEBI circulars dated August 5, 2022, and July 19, 2023. This measure prevents trading activity during the period preceding the announcement of the company’s financial results...

Steelman Telecom Ltd. Reports Voting Results from Extraordinary General Meeting Steelman Telecom Ltd. (BSE: 543622), formerly Steelman Telecom Private Limited, announced the results of its Extraordinary General Meeting (EGM) on March 20, 2026. The disclosure follows Regulation 44(3) of the SEBI (LODR) Regulations, 2015.Details regarding the voting results are included in the Scrutinizer Report dated March 19, 2026. The report is self-explanatory.Aparupa Das, Company Secretary & Compliance Officer, confirmed the announcement.Source:

Satin Creditcare Network Ltd. Approves Subordinated Debenture Issue Satin Creditcare Network Ltd. announced that its Working Committee of the Board of Directors approved the terms and conditions for the issuance of up to 5,000 subordinated, unsecured, listed, rated, taxable, transferable, redeemable, non-convertible debentures on a private placement basis. The debentures will have a face value of INR 1,00,000 each, with an aggregate nominal value of INR 50,00,00,000, including a green shoe option of up to 2,500 debentures and an aggregate nominal value of INR 25,00,00,000.The meeting of the Working Committee commenced on March 20, 2026, at 12:20 P.M. and concluded at 12:50 P.M.The debentures will carry a coupon rate of 12% per...

Sharika Enterprises Ltd. Receives Purchase Order from Larsen & Toubro Limited Sharika Enterprises Limited announced on March 20, 2026, that it has received a purchase order from Larsen & Toubro Limited. The order is for the supply of communicable FPIs for the RDSS Varanasi SCADA PuVVNL Project.The value of the contract is Rs. 9,46,80,856. The project is scheduled for completion by December 31, 2026. The contract was awarded by a domestic entity, and neither the promoter group nor group companies have any interest in Larsen & Toubro Limited. This contract does not fall under related party transactions.Below is a summary of the key details of the contract:S. No.ParticularsDetails1Name of the entity awarding the contract;Larsen...

Span Divergent Ltd. Receives In-Principle Approval for Preferential Share Issuance Span Divergent Ltd. has received in-principle approval from the BSE Limited for the issuance of 18,01,481 equity shares on a preferential basis. The shares, with a face value of Rs. 10 each, will be issued at an issue price of Rs. 32.16 per share, including a premium of Rs. 22.16. The shares are slated to be issued to Mr. Neev Nirav Jogani, a Non-promoter.The in-principle approval was granted by BSE Limited on March 19, 2026, following an application with reference number LOD/PREF/GB/FIP/1914/2025 - 26.BSE Limited advised the company to comply with relevant regulations and obtain necessary approvals for the issuance and allotment of securities. The...

Subex Limited Appoints Independent Directors Following Shareholder Vote Subex Limited announced on March 20, 2026, that resolutions for the appointment of Mr. Venkata Erinti Narayana and Mr. Alok Ohrie as Independent Directors were passed by shareholders during a Postal Ballot held on March 19, 2026.Mr. Narayana's appointment is for a term of three consecutive years, effective December 25, 2025. Mr. Ohrie's appointment is also for a term of three consecutive years, effective January 4, 2026.The results of the Postal Ballot, conducted through remote e-voting, are available on the company's website and on the website of the National Securities Depository Limited.Voting Results Summary: A table summarizing the voting results is...

Panth Infinity Ltd. Schedules Board Meeting to Consider Preferential Issue Panth Infinity Ltd. announced a board meeting scheduled for Wednesday, March 25, 2026, to consider a proposal for obtaining shareholder approval for a fund raise through a preferential issue. The meeting will be held at the company’s registered office in Ahmedabad, Gujarat.The board will seek enabling resolutions from shareholders regarding the potential issuance of securities through a preferential issue, subject to required approvals.Trading window for the company’s securities will be closed until 48 hours after the public announcement of the board meeting’s outcome.Source: