Markets

Motilal Oswal Financial Services Limited Settles Algo Platform Investigation with SEBI Mumbai – March 19, 2026 – Motilal Oswal Financial Services Limited announced today that it has settled an investigation initiated by the Securities and Exchange Board of India (SEBI) concerning its association with certain algorithmic (algo) platforms.SEBI previously observed that some algo platforms displayed strategies offering assured returns, and that certain SEBI-registered stock brokers, including Motilal Oswal Financial Services Limited, were associated with these platforms. The regulator's examination revealed that Application Programming Interfaces (APIs) of 122 stock brokers were integrated with platforms describing strategies with...

Kuantum Papers Limited Announces Management Changes Kuantum Papers Limited announced changes to its board of directors on March 19, 2026, following shareholder approval through a postal ballot process.Shri Munishwar Kumar has been redesignated from Non-Executive Director to Independent Director for a term of five years, commencing February 7, 2026, and expiring February 6, 2031. Kumar brings over 35 years of experience, including expertise in global biodegradable packaging and business development.Additionally, Shri Jagdeep Hira has been appointed as a Director and Whole Time Director for a period of three years, effective February 7, 2026. Hira possesses 31 years of experience in the specialty paper manufacturing and paper mill...

KFin Technologies Receives No-Objection for Promoter Group Reclassification KFin Technologies Limited announced today, March 19, 2026, that it has received no-objection letters from the BSE Limited and the National Stock Exchange of India Limited regarding the reclassification of House of Anita Dongre Private Limited (HADPL). HADPL was previously categorized as an entity forming part of the 'Promoter(s) Group.'The reclassification follows an application filed by KFin Technologies with both exchanges. As a result of this reclassification, HADPL no longer constitutes part of the 'Promoter(s) Group' category for the company.According to a summary provided in Form A, as per SEBI’s Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated...

Vardhman Polytex Limited Announces Board Decisions Including Fund Raising and Land Sale Vardhman Polytex Limited announced several key decisions following a board meeting held on March 19, 2026. The company approved a fundraising initiative involving the issuance of debt instruments and outlined plans for a land sale to augment funds for debt repayment and future growth.Fund Raising Initiatives The board approved the issuance of debt instruments through a private placement. This includes up to INR 35,00,00,000 in listed, secured, rated, redeemable Non-Convertible Debentures (NCDs) and up to INR 25,00,00,000 in unlisted, secured, redeemable, optionally convertible debentures (OCDs). The OCDs are convertible into equity shares at a...

Vibhor Steel Tubes Limited Receives New Work Order Valued at Rs. 16.87 Crores Vibhor Steel Tubes Limited announced on March 19, 2026, that it has received a new work order from Agrawal Infracab Pvt Ltd for the supply of Transmission Towers. The order is valued at approximately Rs. 16.87 Crores.The work order, PO/AGINFRACAB/25-26/078 dated March 19, 2026, involves the supply of Transmission Towers by Vibhor Steel.Key details of the order are summarized below:ParticularsDetailsName of entity awarding the order(s)/contract(s)Agrawal Infracab Pvt LtdNature of order(s)/contract(s)Transmission Towers- Vibhor Steel Make vide Purchase Order PO/AGINFRACAB/25-26/078 dated 19 th March 2026Order ValueApproximately Rs. 16.87 Crores...

JB Chemicals & Pharmaceuticals Receives Order from Tamil Nadu Tax Authority JB Chemicals & Pharmaceuticals Ltd. announced that it received an order from the State Tax Officer, Intelligence, Chennai, on March 18, 2026, at 7:23 pm. The order, issued under Section 74 of the Goods and Services Act, 2017, imposes a penalty of INR 80,81,126.The order alleges a reversal of tax liability related to differences between tax returns and company books for the period of April 2019 to March 2020.According to a company assessment, an appeal will be filed, and JB Chemicals anticipates a favorable outcome at the appellate level. The company does not reasonably expect the order to have a material financial impact.Source:

Shanthi Gears Limited Announces Departure of Chief Financial Officer Coimbatore, India – March 19, 2026 – Shanthi Gears Limited announced today the resignation of Mr. Ranjan Kumar Pati as Chief Financial Officer, effective at the close of business today. This follows a prior notification made on January 22, 2026, regarding the matter.Walter Vasanth P J, Company Secretary & Compliance Officer, confirmed the change.Shanthi Gears Limited is headquartered in Coimbatore, India, and operates from "C" Unit, Avinashi Road. The company’s stock code on the National Stock Exchange is SHANTIGEAR, and 522034 on the BSE Limited.Source:

5Paisa Capital Limited Receives Settlement Order from SEBI 5Paisa Capital Limited announced on March 19, 2026, that it 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, and displayed on the SEBI website on March 18, 2026, relates to an examination by SEBI concerning Tradetron and other algo platforms. The examination focused on stock brokers whose Application Programming Interfaces (APIs) were integrated with these platforms, which were observed to be displaying or marketing strategies indicating assured or consistent returns. This association was considered an alleged violation...

DCM Shriram Receives ITAT Order in Tax Litigation Case DCM Shriram Ltd. announced on March 19, 2026, that it received an order from the Income-tax Appellate Tribunal (ITAT) in New Delhi regarding assessment year 2021-22. The ITAT adjudicated a case related to Section 143(3) read with Section 144C(13).The ITAT order involved a tax effect of 12.20 rupees, with a relief granted of 9.79 rupees, resulting in matters referred back to the Assessing Officer amounting to 2.41 rupees.The company noted that the order has no material impact on its profit and loss. DCM Shriram also referenced an earlier, separate case involving unwarranted additions of 238.02 crore rupees, with a tax effect, that was referred to the Assessing Officer for...

Wipro Launches GIFT City Hub to Accelerate AI-Powered BFSI Transformation GANDHINAGAR, India – March 19, 2026 – Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar.Wipro's expansion into GIFT City aims to accelerate the development of next-generation, consulting-led, and AI-first financial services capabilities. The new hub will support the delivery of advanced solutions across areas such as digital banking and capital markets, regulatory technology, risk and compliance, and core platform modernization initiatives. It strengthens Wipro's ability to co-innovate...

SJVN Limited Achieves 1 Billion Unit Generation Milestone at 1,000 MW Bikaner Solar Power Project SJVN Limited announced a significant achievement with its 1,000 MW Bikaner Solar Power Project, successfully generating 1 billion units of energy as of March 20, 2026. The project, located in the Bikaner district of Rajasthan, marks a key step in the company’s commitment to clean and sustainable energy.The project is being developed through SJVN Green Energy Limited (SGEL), a wholly owned subsidiary. The foundation stone was laid by the Hon'ble President of India, Droupadi Murmu, on January 3, 2023, at Jaipur. It achieved its Commercial Operation Date (COD) on December 24, 2025.The 1,000 MW Bikaner Solar Power Project is projected to...

Alok Bansidhar Shriram Acquires Shares in DCM Shriram Fine Chemicals Limited DCM Shriram Fine Chemicals Limited announced that Alok Bansidhar Shriram has acquired shares in the company on March 13, 2026. The acquisition was made in reliance upon exemption provided for under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. A disclosure of the proposed acquisition was previously made and completed within the specified timeline.The shares were transferred from Rudra Shriram, Kanika Shriram, and Karuna Shriram, who acted as sellers. The acquisition involved 9,58,802 shares from Rudra Shriram, 14,56,332 shares from Kanika Shriram, and 41,38,462 shares from Karuna Shriram. The...

Glottis Limited to Incorporate Wholly Owned Subsidiary in Malaysia Glottis Limited announced on March 19, 2026, that its Board of Directors has approved the incorporation and investment in a wholly owned subsidiary in Malaysia. The move is aimed at expanding the company’s operational reach and improving its ability to serve customers in the region.The proposed subsidiary, which has not yet finalized its name, will operate in the freight forwarding industry. Glottis Limited plans to invest up to USD$5,000 in the subsidiary, in one or more tranches, representing 100% of the share capital.The subsidiary will be considered a related party to Glottis Limited and its other subsidiaries. Promoters, promoter group, and group companies do...

Steel Authority of India Limited Appoints T.N. Natarajan as Director (Commercial) Steel Authority of India Limited (SAIL) announced the appointment of Shri T.N. Natarajan as Director (Commercial) on March 19, 2026. The appointment follows a nomination by the Government of India’s Ministry of Steel and approval by the company’s Board of Directors.Shri Natarajan, currently Chief General Manager at SAIL, is not debarred from holding the office of Director by virtue of any SEBI order or other authority.Shri Natarajan joined SAIL in 1993 as a Management Trainee at Bhilai Steel Plant and brings over 32 years of diversified experience in production, logistics, and sales. His career includes roles as Warehouse Manager, Branch Manager, Key...

Avenue Supermarts Limited Opens New Store in Ambala Avenue Supermarts Limited announced the opening of a new store on March 19, 2026, located in Urban Village, Ambala, Haryana. The expansion brings the company's total store count to 464. The company is listed on the National Stock Exchange of India under the symbol DMART and on the BSE under the scrip code 540376.Source:

Hercules Investments Ltd. Announces Retirement of Independent Director Hercules Investments Ltd. announced the retirement of Independent Director Vandan Shah, effective February 5, 2026. Shah’s departure follows the completion of his second and final term on the board. He also stepped down as Chairman of the Audit Committee, Nomination & Remuneration Committee, and a member of the Stakeholders Relationship Committee.The company acknowledged Shah's valuable contributions as a board member and committee chairman.ParticularsDetailsReason for CessationRetirement upon completion of the second term as Independent Director, as per Section 149(11) of the Companies Act, 2013.Date of CessationFebruary 5, 2026Source:

Samvardhana Motherson International Limited Forms Joint Venture with Hellmann Worldwide Logistics Samvardhana Motherson International Limited (SAMIL) announced on March 19, 2026, that its Board of Directors approved a Joint Venture Agreement with Hellmann Worldwide Logistics (MESA) Holding Limited, a Dubai-based company. The strategic partnership aims to provide world-class supply chain solutions to the automotive industry.The collaboration will enable SAMIL’s Logistics Solution Division to offer integrated third-party and fourth-party logistics services globally, excluding Japan, with a focus on enhancing resilience, efficiency, and stability of supply chains. A new joint venture company will be incorporated in Dubai, UAE to...

Poly Medicure Ltd. Cancels Investor Call, Schedules Meetings with Analysts Poly Medicure Ltd. announced the cancellation of a previously scheduled investor call, initially announced on March 17, 2026. The company will now proceed with one-on-one meetings with select analysts and investors.A table detailing the cancelled meeting is provided below:Investor'sMeeting DateVenueFormatRemarksTCG Asset ManagementFriday, March 20, 2026, at 02:30 P.M.VirtualOne-on-oneCancelledPoly Medicure Ltd. has scheduled one-on-one meetings with Avendus Spark and Quantum Advisors X Limited Private Limited on March 24, 2026.The meeting with Avendus Spark is scheduled for Tuesday, March 24, 2026, at 02:30 P.M. (Virtual). The meeting with Quantum...

K. V. Toys India Ltd. Relocates Registered Office Within Mumbai K. V. Toys India Ltd. announced the relocation of its registered office within the city of Mumbai, effective March 19, 2026. The decision was approved by the company’s Board of Directors during a meeting held on the same date.The registered office is moving from Office No. 1508, Solus Business Park, Building Hiranandani Estate, 15th Floor, Ghodbunder Road, Patlipada, Thane West, Mumbai, Maharashtra - 400607, to A-403, 404, PLOT NO D-1, CENTRUM BUSINESS SQUARE, WAGLE INDUSTRIAL ESTATE, THANE WEST (M Corp.), 400604.Karan Narang, Managing Director of K. V. Toys India Limited, confirmed the change. His Director Identification Number is 07098277.Source:

Suraj Industries Ltd. Acquires Shares in Shri Gang Industries and Allied Products Limited Suraj Industries Ltd. announced on March 19, 2026, that its Board of Directors approved the acquisition of equity shares in Shri Gang Industries and Allied Products Limited ('Shri Gang'). The company will acquire 105,000 shares from Mr. Vikas Gupta, a member of the Promoter Group, and 35,000 shares from Mr. Ritesh Gupta, Joint Managing Director and also a member of the Promoter Group.The acquisitions are considered related party transactions, having been reviewed and approved by the Audit Committee. They are expected to be completed within 30 days and will be executed on an arm's length basis. Following the acquisitions, Suraj Industries Ltd.'s...