Markets

Lokesh Machines Limited Receives Order Worth Rs. 9,50,01,741 from SSB March 17, 2026 – Lokesh Machines Limited announced today the receipt of an order from the Directorate General, Sashastra Seema Bal (SSB), Ministry of Home Affairs, Government of India. The order, valued at Rs. 9,50,01,741 (inclusive of all duties and taxes), is for the supply of latest SMG (9x19mm Carbine) along with accessories.The order is to be executed within 180 days from the date of the Letter of Award (LOA).According to details released, the order falls under domestic procurement and does not involve any related party transactions.DetailInformationEntity Awarding OrderDirectorate General, Sashastra Seema Bal (SSB) , Ministry of Home Affairs...

JK Cement Subsidiary Receives Notice Regarding Packaging Compliance JK Cement Limited announced on March 17, 2026, that its subsidiary, J. K. Cement Saifco Private Limited, received a notice from the Office of Deputy Controller, Legal Metrology Department (Enforcement) in Jammu and Kashmir on March 16, 2026. The notice, dated March 9, 2026, directed the company to halt the packaging of cement products and review their weight.According to the notice, the alleged violations include a lack of packaging registration, a non-functional customer care number, and unverified electronic weighing scales. JK Cement Saifco has requested an extension from the department to respond to the notice.The company reported that the action is not expected...

Tata Steel Approves Scheme of Amalgamation with Neelachal Ispat Nigam Limited and Investment in T Steel Holdings Pte. Ltd. Tata Steel Limited announced its Board of Directors approved several key initiatives during a meeting held on March 17, 2026. The decisions include a scheme of amalgamation with Neelachal Ispat Nigam Limited (NINL), a wholly owned subsidiary, and an investment in T Steel Holdings Pte. Ltd. (TSHP), also a wholly owned subsidiary. Additionally, the company approved the acquisition of a stake in Medica TS Hospital Private Limited, a subsidiary company.Scheme of Amalgamation with Neelachal Ispat Nigam Limited The Board approved the Scheme of Amalgamation between NINL and Tata Steel, to be implemented in accordance...

BF Utilities Limited Appoints Mugdha Rajesh Vartak as Additional Independent Director BF Utilities Limited announced the appointment of Mrs. Mugdha Rajesh Vartak as an Additional, Non-Executive Woman Independent Director, effective March 17, 2026. The appointment was approved by the Board of Directors at a meeting held on the same date.Mrs. Vartak’s appointment is subject to shareholder approval via postal ballot and will be valid for a period of three consecutive years, until March 16, 2029.According to company information, Mrs. Vartak is a strategic HR leader with over 20 years of experience across various sectors including IT, consulting, automotive, and education. Her expertise encompasses strategic management, leadership...

Force Motors Ltd. Shareholders Approve Director Appointments Force Motors Ltd. announced that its shareholders have approved the appointment of three Independent Directors via a Postal Ballot process concluded on March 14, 2026. The results, scrutinized by Parag Pansare, Practicing Chartered Accountant (Membership No. 117309), were submitted on March 16, 2026.The appointments include Gautam Hemant Bambawale (DIN: 08365776), Nitin Nandkishor Kareer (DIN: 01624863), and Lt. Gen. Vinod Gulabrao Khandare (Retd.) (DIN: 11363013), each for a term of 5 years, effective December 19, 2025, January 29, 2026.Summary of Resolutions and Voting Results:The following table summarizes the results of the special resolutions:Resolution No. 1...

DSM Fresh Foods Ltd. Incorporates Subsidiary, Varuna Aquatech Private Limited DSM Fresh Foods Limited announced the incorporation of a new subsidiary, Varuna Aquatech Private Limited, on March 17, 2026. The move aligns with the company’s strategy to expand into the aquaculture and allied business sector.The Board of Directors approved the establishment of Varuna Aquatech Private Limited, which will focus on seafood and related allied activities. The authorized share capital of the subsidiary is set at ₹10,00,000, with a paid-up share capital of ₹1,00,000.DSM Fresh Foods Limited will hold a 71% stake in Varuna Aquatech Private Limited. Rajnish Kumar will acquire 20% of the subsidiary’s share capital, while Akhil Gupta will own 9%...

PVV Infra Ltd. Cancels Record Date for Stock Split, New Date to be Determined PVV Infra Ltd. announced the cancellation of the record date initially set for March 27, 2026, concerning the proposed stock split. The company previously communicated on February 10, 2026, that March 27, 2026, would serve as the record date to determine shareholder eligibility for the stock split.The Board of Directors will now decide on a new record date. A revised date will be communicated to the stock exchanges and shareholders upon the Board's decision. The company expressed regret for any inconvenience and thanked stakeholders for their continued support.PVV Infra Ltd.'s stock trades on the BSE under the scrip code 536659.Source:

ZIM Laboratories Limited Constitutes Advisory Board on Strategic & Business Development Matters ZIM Laboratories Limited announced the constitution of an Advisory Board on March 17, 2026, through a circular resolution by its Board of Directors. The board approved the establishment of the Advisory Board to provide independent advice and strategic guidance on business development and related matters to the management and the Board.The Advisory Board's scope includes offering advice and guidance on long-term vision, mission, and growth strategy; assisting in implementation of company objectives, goal setting, strategies, and a measurable framework; and providing inputs on market expansion, new business lines, brand strategy, industry...

Anand Rathi Share and Stock Brokers Limited Reports Fraudulent Share Transfer, FIR Registered March 17, 2026 – Anand Rathi Share and Stock Brokers Limited announced that the Deccan Police Station in Pune has registered a First Information Report (FIR) regarding an off-market transfer of shares, following an initial complaint filed with the Pune Police station and N.M. Joshi Police Station. The incident, which involves approximately Rs. 13 crore, was initially reported on February 6, 2026.The FIR was registered on March 16, 2026, at 8:41 P.M.According to an annexure detailing the event, the estimated impact on the listed entity is approximately Rs. 13 crore. Investigations are underway to determine the individuals involved. The...

Prakash Woollen & Synthetic Mills Ltd. Receives Rs. 3.85 Crore Subsidy for Expansion Project Prakash Woollen & Synthetic Mills Ltd., a manufacturer, exporter, and importer of mink blankets, announced it has received a subsidy of Rs. 3.85 crore from the Handloom and Textile Directorate under the U.P. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017, on March 16, 2026. The subsidy is connected to the company’s expansion project.Details of the subsidy are outlined below:DetailAmount (Rs.)Name of the SchemeUP. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017Amount Received3.85 CrNature of SubsidyCapital Subsidy: 2.71 Cr, Interest Subsidy: 1.14 CrPurposeCapital Subsidy for Loan RepaymentSneha...

Patanjali Foods Limited Receives Order from Central Goods and Service Tax Authority Patanjali Foods Limited announced on March 17, 2026, that it received an order from the Office of the Commissioner of Central Goods and Service Tax and Central Excise – Kutch (Gandhidham). The order, dated March 13, 2026, pertains to a reversal of Cess Input Tax Credit (ITC), excess ITC availed, and non-payment of Reverse Charge Mechanism (RCM) during the years 2019-20, 2020-21, 2021-22, and 2022-23.The company estimates a potential financial liability of Rs. 3,86,78,700, including tax demand with interest and penalty. Patanjali Foods Limited stated that it does not anticipate any other impact on its financial, operational, or other activities.The...

Mafatlal Industries Secures Order Valued at INR 114 Crore from Odisha Computer Application Centre Mafatlal Industries Limited has received an order valued at approximately INR 114 crore from the Odisha Computer Application Centre (OCAC). The order, awarded on March 17, 2026, involves setting up 500 robotic laboratories across 16 districts in the State of Odisha under the School and Mass Education Department.The project is scheduled for execution over a period of five years. The contract is a domestic order involving the implementation of robotic labs in secondary schools within Odisha.Below is a summary of the order details:ParticularsDetailsEntity Awarding OrderOdisha Computer Application Centre (OCAC)Scope of WorkSetting...

Kirloskar Ferrous Industries Reports Temporary Production Disruption at Solapur Plant Kirloskar Ferrous Industries Ltd. announced a partial disruption of operations at its Solapur plant, effective March 17, 2026. The disruption impacts one of two High Pressure Moulding Lines due to an affected supply of Liquefied Petroleum Gas (LPG).The company cited disruptions in global energy supply chains linked to the Middle East conflict as the cause of the LPG supply issues. Management is currently monitoring the situation and exploring alternative supply sources or resources to mitigate the impact.The company’s stock trades on the BSE under scrip code 500245.Source:

Sri Lotus Developers and Realty Limited Incorporates Wholly Owned Subsidiary Sri Lotus Developers and Realty Limited announced the incorporation of a wholly owned subsidiary, Sri Lotus Imperial Projects Private Limited, on March 14, 2026. The new subsidiary has a Corporate Identification Number of U68200MH2026PTC469396.Sri Lotus Imperial Projects Private Limited has an authorized capital of Rs. 10,00,000 and a paid-up capital of Rs. 10,00,000. The company is yet to commence business operations.The initial subscription amount for the wholly owned subsidiary does not fall under the purview of Related Party Transactions. The subsidiary will expand the company’s business in the real estate sector.The cost of acquisition totaled Rs...

BF Investment Limited Appoints Independent Woman Director, Addresses NSE Compliance Concerns BF Investment Limited announced the appointment of an Additional, Non-Executive - Independent Woman Director on March 17, 2026, effective immediately. The appointment is for a period of three consecutive years, concluding on March 16, 2029, and was recommended by the Nomination and Remuneration Committee. The appointment is subject to shareholder approval via postal ballot.The move follows a review of the company’s compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically concerning the composition of the Board, including the requirement to appoint an Independent Woman Director. The Board discussed...

Hindustan Copper Limited Faces Fine for Corporate Governance Non-Compliance Hindustan Copper Limited (HCL) has been fined by both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Each exchange imposed a fine of ₹9,77,040 on the company.The non-compliance relates to Regulation 17(1), 18(1), and 19(1) & (2) of the SEBI (LODR) Regulations, 2015, concerning the composition of the board and the constitution of committees for the quarter ended December 31, 2025.Hindustan Copper Limited, a government-owned company, stated that the appointment of directors is vested with the President of India, acting through the Ministry...

Lotus Eye Hospital Withdraws Delisting Proposal, to Remain Listed on Both Stock Exchanges Lotus Eye Hospital and Institute Limited announced on March 17, 2026, that its Board of Directors has decided to abandon the previously considered proposal for voluntary delisting from the National Stock Exchange of India Limited (NSE). The decision takes into account current market conditions, liquidity factors, and the importance of maintaining investor convenience and flexibility.The company will continue to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited. The Board meeting was held on March 17, 2026, commencing at 4:30 PM and concluding at 5:00 PM.Lotus Eye Hospital and Institute Limited is...

Baumann Dekor Private Limited to Sell 2,50,000 Equity Shares of Eastern Silk Industries Limited Eastern Silk Industries Limited announced that Baumann Dekor Private Limited, a promoter of the company, intends to sell 2,50,000 equity shares, representing 5% of the issued and paid-up capital, to comply with the minimum public shareholding ('MPS') requirement. The sale will be executed through the National Stock Exchange of India Limited ('NSE') via an offer for sale mechanism.The proposed sale is being undertaken at the NSE. A notice of the offer for sale has been submitted to the NSE, and is available on the company’s website at www.easternsilk.com.National Stock Exchange of India Circular Details The National Stock Exchange of...

Shree Renuka Sugars Limited Announces Leadership Changes Shree Renuka Sugars Limited announced several changes to its leadership structure following a board meeting held on March 17, 2026.Mr. Atul Chaturvedi will transition from his current role as Executive Director and Chairman to a Non-Executive Director (Non-Independent) effective April 1, 2026. Mr. Madhu Rao, currently an Independent Director, will assume the role of Chairman of the Board, also effective April 1, 2026.Furthermore, the company appointed Mr. Susheel Kumar Kamboj as Chief Executive Officer, effective March 23, 2026. Mr. Kamboj has also been appointed as Managing Director & CEO for a period of 5 years, starting April 1, 2026, subject to shareholder approval.These...

Lyka Labs Limited Receives Approval for Amalgamation Scheme Lyka Labs Limited announced on March 17, 2026, that the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the scheme of merger between Lyka Exports Limited (Transferor Company) and Lyka Labs Limited (Transferee Company). The merger, initially proposed in February 2026, is being carried out under Sections 230 to 232 of the Companies Act, 2013.The appointed date for the scheme is April 01, 2022. A copy of the NCLT order is available on the NCLT website.Lyka Labs Limited is in the process of filing e-form INC-28 along with the order and scheme with the Registrar of Companies within 30 days.Source: