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Seamec Limited Consortium Bags ₹410.74 Crore ONGC Contract for MSV Samudra Sevak
Seamec Limited, in consortium with Supreme Hydro Pvt Ltd, has secured a significant contract from ONGC for the Operation & Maintenance (O&M) of the vessel 'Samudra Sevak'. The total contract value is approximately ₹410.74 crore inclusive of GST, providing strong revenue visibility for the next two years. The project has a tenure of 738 days and is expected to commence within 60 days of the award date. This win reinforces Seamec's position in the domestic offshore services market and strengthens its order book.
Key Highlights
Contract awarded by ONGC to a consortium of Seamec Limited and Supreme Hydro Pvt Ltd
Total contract value is approximately ₹410,74,12,440 (₹410.74 crore) inclusive of GST
The tenure of the contract is 738 days for O&M services of MSV 'Samudra Sevak'
Work is scheduled to commence within 60 days from the Notification of Award dated March 13, 2026
💼 Action for Investors
Investors should view this as a positive development that secures medium-term revenue for the company. Monitor the company's ability to maintain margins on this consortium project in future earnings reports.
Thomas Cook India Appoints Ex-SEBI Member G. Mahalingam & Re-appoints Sharmila Karve to Board
Thomas Cook (India) Limited has received shareholder approval for the appointment of Mr. Gurumoorthy Mahalingam as a Non-Executive Independent Director for a five-year term ending December 2030. Mr. Mahalingam brings over 40 years of regulatory experience from the RBI and SEBI, where he served as a Whole-time Board Member. Additionally, the company has re-appointed Mrs. Sharmila A. Karve, a seasoned Chartered Accountant and former PwC leader, for a second five-year term starting May 2026. These appointments significantly strengthen the board's expertise in financial regulation, corporate governance, and audit oversight.
Key Highlights
Appointment of Mr. Gurumoorthy Mahalingam for a 5-year term from Dec 19, 2025, to Dec 18, 2030.
Mr. Mahalingam has 40+ years of experience, including serving as a Whole-time Board Member at SEBI (2016-2021).
Re-appointment of Mrs. Sharmila A. Karve for a second 5-year term from May 29, 2026, to May 28, 2031.
Mrs. Karve is a Chartered Accountant and former Global Diversity & Inclusion Leader at PwC.
Shareholder approval was finalized via Postal Ballot on March 12, 2026.
💼 Action for Investors
Investors should view these appointments as a positive move to enhance corporate governance and regulatory compliance. The addition of a former SEBI regulator adds significant institutional credibility to the company's board.
Thomas Cook India Appoints Former SEBI Member G. Mahalingam to Board for 5-Year Term
Thomas Cook (India) Limited has received shareholder approval for two key board appointments via postal ballot. Mr. Gurumoorthy Mahalingam, a veteran with 40 years of experience at RBI and SEBI, has been appointed as an Independent Director for a five-year term effective December 19, 2025. Additionally, Mrs. Sharmila A. Karve, a Chartered Accountant and former PwC executive, has been re-appointed for a second five-year term starting May 29, 2026. These appointments are aimed at strengthening the company's corporate governance and regulatory compliance framework.
Key Highlights
Appointment of Mr. Gurumoorthy Mahalingam as Independent Director for a 5-year term until December 18, 2030.
Mr. Mahalingam brings 40+ years of experience, including a tenure as a Whole-time Board Member of SEBI (2016-2021).
Re-appointment of Mrs. Sharmila A. Karve as Independent Director for a second 5-year term until May 28, 2031.
Mrs. Karve is a Chartered Accountant and former Global Diversity & Inclusion Leader at PwC.
Shareholder approval was secured via postal ballot which concluded on March 12, 2026.
💼 Action for Investors
The addition of a former SEBI regulator and the retention of an experienced audit professional are positive for corporate governance. Investors should view this as a sign of strong institutional oversight.
ATN International Approves Share Capital Reduction Scheme to Offset Accumulated Losses
ATN International Limited has received shareholder approval for a Scheme of Reduction of Share Capital under Section 66 of the Companies Act, 2013. The primary objective is to write off accumulated losses against the company's share capital as of September 30, 2025, to present a more accurate financial position. The proposal was approved by the Board on January 27, 2026, and by shareholders at an EGM on March 9, 2026. The implementation remains subject to final sanction from the National Company Law Tribunal (NCLT), Kolkata Bench.
Key Highlights
Shareholders approved the capital reduction scheme at an EGM held on March 9, 2026.
The scheme involves writing off accumulated losses against equity shares of face value Rs. 4/- each.
Losses are calculated based on limited reviewed accounts as of September 30, 2025.
The process is governed by Section 66 of the Companies Act, 2013 and requires NCLT approval.
The company is listed on BSE, NSE, and CSE, and all will be notified of the NCLT's final order.
💼 Action for Investors
Investors should monitor the specific reduction ratio and the NCLT's final sanction, as this restructuring will alter the company's book value and capital structure. While this is a balance sheet cleaning exercise, it does not provide immediate cash flow or operational changes.
Promoter Group T T Brands Acquires 1.43 Lakh Shares of T T Limited
T T Brands Limited, a member of the promoter group, has acquired 1,43,000 equity shares of T T Limited (TTL). The acquisition took place through market transactions between March 9, 2026, and March 13, 2026. This purchase indicates increased promoter skin in the game and reflects confidence in the company's future performance. The disclosure was made in compliance with SEBI's Substantial Acquisition of Shares and Takeovers (SAST) and Prohibition of Insider Trading (PIT) regulations.
Key Highlights
Promoter group entity T T Brands Limited purchased 1,43,000 equity shares of TTL.
The transactions were executed over a five-day window from March 9 to March 13, 2026.
Disclosure filed under SEBI (SAST) Regulation 29(2) and SEBI (PIT) Regulation 7(2).
The move signals promoter confidence in the company's intrinsic value and long-term prospects.
💼 Action for Investors
Investors should view promoter buying as a positive signal of internal confidence in the company. It is advisable to monitor if this trend of accumulation continues in the coming weeks.
T T Limited Promoter Group Acquires 1,43,000 Equity Shares
T T Brands Limited, part of the promoter group of T T Limited (TTL), has acquired 1,43,000 equity shares of the company. The acquisition took place through market transactions between March 9, 2026, and March 13, 2026. This disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. Such insider buying is typically interpreted by the market as a sign of promoter confidence in the company's long-term value.
Key Highlights
Promoter group entity T T Brands Limited purchased 1,43,000 equity shares.
The acquisition occurred over a five-day window from March 9 to March 13, 2026.
Disclosure filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Reflects increased promoter stake and confidence in the business outlook.
💼 Action for Investors
Investors should take this as a positive signal of management's belief in the company's valuation. It is advisable to monitor if further acquisitions occur, which could indicate a stronger consolidation of holdings.
Kaynes Technology: CRISIL Reaffirms 'CRISIL A/Stable' Rating for Rs 770 Cr Bank Facilities
CRISIL Ratings has reaffirmed the 'CRISIL A/Stable' rating for Kaynes Technology's bank loan facilities totaling Rs 770 crore. Significantly, the rating has been removed from 'Rating Watch with Developing Implications', indicating a more certain and stable credit outlook for the company. The facilities are spread across seven major banks, with HDFC Bank holding the largest share at Rs 225 crore. This rating reflects an adequate degree of safety regarding timely servicing of debt obligations and low credit risk.
Key Highlights
CRISIL reaffirmed 'CRISIL A/Stable' rating for Rs 770 crore in bank loan facilities.
Rating removed from 'Rating Watch with Developing Implications', signaling improved financial stability.
Bank facilities include major lenders like HDFC Bank (Rs 225 Cr), Axis Bank (Rs 130 Cr), and Canara Bank (Rs 90 Cr).
The 'Stable' outlook indicates an adequate degree of safety for debt servicing and low credit risk.
💼 Action for Investors
The removal of the 'Rating Watch' is a positive signal of financial stability; investors should view this as a confirmation of the company's healthy credit profile while it scales operations.
ABINFRA Bags ₹66.96 Crore Road Over Bridge Project from East Coast Railways
A B Infrabuild Limited has secured a significant domestic contract from East Coast Railways valued at approximately ₹66.96 crore. The project involves the construction of a Road Over Bridge (ROB) between Icchapuram and Jhadupudi Railway Stations under the Khurdha Road Division. The company is mandated to complete the project within a 24-month timeframe. This win reinforces the company's expertise in railway infrastructure and provides clear revenue visibility for the next two fiscal years.
Key Highlights
Total contract value is ₹66,96,24,916.57 for railway infrastructure works
Awarded by East Coast Railways, Indian Railways, for construction of a Road Over Bridge (ROB)
Project execution timeline is set for 24 months
The scope includes construction of composite and T-beam girders at specific railway chainages
💼 Action for Investors
Investors should view this as a positive development for the company's order book and track the execution progress over the next 24 months. Monitor upcoming quarterly results for signs of revenue recognition from this project.
Jamna Auto Secures CARE AA; Stable Rating for Rs 550 Crore Bank Facilities
CARE Ratings has reaffirmed the long-term credit rating of 'CARE AA; Stable' for Jamna Auto Industries' bank facilities worth Rs 90 crore. Furthermore, the agency has assigned a new rating of 'CARE AA; Stable / CARE A1+' for additional bank facilities totaling Rs 460 crore. This rating action covers a total of Rs 550 crore in bank facilities, reflecting the company's robust financial profile and strong position in the automotive suspension market. The 'A1+' rating for short-term facilities indicates the highest degree of safety regarding timely servicing of financial obligations.
Key Highlights
CARE Ratings reaffirmed 'CARE AA; Stable' for Rs 90 crore long-term bank facilities.
Assigned 'CARE AA; Stable / CARE A1+' rating for bank facilities worth Rs 460 crore.
Total bank facilities rated by CARE Ratings now stand at Rs 550 crore.
The 'A1+' short-term rating signifies the highest level of credit quality and liquidity.
💼 Action for Investors
Investors should take confidence in the company's strong credit profile and its ability to access capital at competitive rates. This reaffirmation supports a positive outlook on the company's financial stability.
Maha Rashtra Apex Corp Assigns ISIN INE843B20013 for Rights Entitlements
Maha Rashtra Apex Corporation Limited has finalized the International Securities Identification Number (ISIN) for its upcoming Rights Issue. The ISIN INE843B20013 has been assigned for the credit of Rights Entitlements (RE) into the demat accounts of eligible shareholders. The company has coordinated with NSDL and CDSL to ensure the REs are credited before the issue opening date. This is a procedural step following the company's decision to raise capital through a rights offering.
Key Highlights
ISIN for Rights Entitlements identified as INE843B20013
Arrangements completed with NSDL and CDSL for dematerialized credit
Rights Entitlements to be credited to eligible shareholders prior to the issue opening date
Compliance with SEBI Rights Issue Circulars updated as of March 9, 2026
💼 Action for Investors
Eligible shareholders should monitor their demat accounts for the credit of Rights Entitlements and review the Rights Issue price and timeline once announced to decide on participation.
Krystal Integrated Services bags ₹364 Cr Healthcare Facility Management order in Tamil Nadu
Krystal Integrated Services has secured a major three-year contract worth approximately ₹364 crore from the Tamil Nadu Medical Services Corporation Ltd. The mandate involves providing facility management services across 167 government healthcare institutions, covering over 20,000 hospital beds. This project will require the deployment of over 5,000 personnel in the North and West zones of Tamil Nadu. This win significantly enhances the company's revenue visibility and strengthens its position in the government healthcare services segment.
Key Highlights
Secured a 3-year mandate worth approximately ₹364 crore from TNMSCL
Covers 167 government healthcare institutions and over 20,000 hospital beds
Requires deployment of over 5,000 trained personnel for housekeeping and security
Expands footprint in the high-demand public healthcare facility management sector
💼 Action for Investors
This large contract provides strong revenue visibility for the next three years; investors should monitor the impact on operating margins. The stock may see positive momentum following this significant order win in the government sector.
Asian Granito Appoints Dibyendu Dey as CFO; Updates KMP Materiality Authorization
Asian Granito India Limited has appointed Mr. Dibyendu Dey as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective March 13, 2026. Mr. Dey brings over 28 years of experience in finance leadership, having worked with prominent groups like Essar and RPG. The Board also updated the list of authorized personnel for determining the materiality of events, which now includes the Chairman, Managing Director, and the new CFO. This appointment is expected to bolster the company's financial controlling, debt restructuring, and M&A capabilities.
Key Highlights
Appointment of Mr. Dibyendu Dey as CFO and KMP effective March 13, 2026
Mr. Dey brings over 28 years of experience in finance, reporting, and debt restructuring
Previous leadership roles held at NITCO Ltd, Essar Group, and RPG Group
Updated KMP list for materiality includes Chairman, MD, and the new CFO
💼 Action for Investors
Investors should observe if the new CFO's extensive experience in debt restructuring and turnarounds leads to improved financial health. No immediate portfolio changes are suggested.
Nila Infrastructures Wins GST Appeal; ₹1.01 Crore Tax and Penalty Demand Set Aside
Nila Infrastructures Limited has received a favorable ruling from the Commissioner (Appeals) CGST - Jodhpur, overturning a previous adverse tax order. The appellate authority set aside a demand for Input Tax Credit (ITC) reversal of ₹50.50 lakh and an equivalent penalty of ₹50.50 lakh. This resolution eliminates a total financial liability of approximately ₹1.01 crore plus accrued interest. The matter, which pertained to alleged discrepancies in TRAN-01 filings, is now officially closed.
Key Highlights
Commissioner (Appeals) CGST - Jodhpur set aside the previous order dated July 1, 2024.
The original demand involved disallowed Input Tax Credit (ITC) of ₹50,50,133.
A penalty of ₹50,50,133 imposed by the Assistant Commissioner has been completely waived.
The company is no longer required to pay the tax demand, penalty, or any associated interest.
The dispute regarding TRAN-01 credits under the CGST Act 2017 is now resolved in favor of the company.
💼 Action for Investors
This is a positive development as it clears a legal contingency and protects the company's cash flow from a ₹1 crore+ outflow. Investors should view this as a reduction in regulatory risk for the company.
Asian Granito Appoints Dibyendu Dey as CFO; Brings 28+ Years of Finance Experience
Asian Granito India Limited has appointed Mr. Dibyendu Dey as the Chief Financial Officer (CFO) and Key Managerial Personnel, effective March 13, 2026. Mr. Dey is a seasoned professional with over 28 years of experience in finance leadership, including roles at NITCO Ltd, Essar Group, and RPG Group. His expertise includes debt restructuring, fundraising, and M&A, which may assist the company in its strategic financial planning. The board also updated its list of authorized personnel for determining the materiality of events under SEBI regulations.
Key Highlights
Appointment of Mr. Dibyendu Dey as CFO and Key Managerial Personnel effective March 13, 2026.
The new CFO brings over 28 years of experience in financial reporting, controlling, and debt restructuring.
Previous experience includes leadership roles at major organizations such as NITCO Ltd, Essar Group, and RPG Group.
Updated the list of KMPs authorized to determine materiality of events, including the CMD, MD, and the new CFO.
💼 Action for Investors
Investors should observe if the new CFO's extensive experience in debt restructuring and turnarounds leads to improved balance sheet management. No immediate action is required as this is a standard management transition.
Almondz Global Issues Corrigendum for Preferential Warrants; Sets Floor Price at ₹16.57
Almondz Global Securities has issued a corrigendum to its EGM notice following observations from the NSE regarding its proposed preferential issue of convertible warrants. The company clarified that the proceeds will be used for proprietary trading activities, where it typically maintains a portfolio of ₹50-80 crore, and for general working capital. The relevant date for pricing is set as February 25, 2026, with a floor price determined at ₹16.57 per share based on the 90-day VWAP. The issue is relatively small, representing less than 5% of the post-issue diluted capital, and involves a non-promoter allottee.
Key Highlights
Floor price for the preferential issue of warrants is set at ₹16.57 per share based on 90-day VWAP.
Proceeds to be utilized within 12 months for proprietary trading and working capital requirements.
Proprietary trading segment typically manages a portfolio between ₹50 crore and ₹80 crore.
The issue size is less than 5% of the post-issue fully diluted share capital, involving non-promoter Nandakumar Padma.
NSE directed the company to provide a revised valuation report and additional disclosures via this corrigendum.
💼 Action for Investors
Investors should note the floor price of ₹16.57 and the specific use of funds for proprietary trading, which carries inherent market risk. Monitor the EGM outcome on March 27, 2026, for final approval of the issuance.
LPDC Shareholders Approve Material Related Party Transaction with 99.89% Majority
Landmark Property Development Company Limited (LPDC) has successfully obtained shareholder approval for a material related party transaction with Eterna Living Private Limited. The resolution was passed during an Extraordinary General Meeting held on March 12, 2026, with an overwhelming majority of 99.89% of the votes cast in favor. This approval allows the company to proceed with its business dealings with Eterna Living, which was formerly known as Ansal Landmark (Karnal) Township Private Limited. The high level of consensus suggests strong shareholder alignment with the company's operational strategy.
Key Highlights
Shareholders approved a material related party transaction with Eterna Living Private Limited with 99.89% majority.
A total of 30,62,098 votes were cast in favor of the resolution compared to only 3,497 votes against.
The voting process involved 119 participating members through remote e-voting and Insta Poll during the EGM.
The transaction involves the entity formerly known as Ansal Landmark (Karnal) Township Private Limited.
💼 Action for Investors
Investors should track the specific financial terms and project outcomes resulting from this transaction with Eterna Living to assess its impact on LPDC's bottom line. The strong mandate from shareholders is a positive sign of corporate governance and management trust.
Shiv Aum Steels Rectifies Q3 FY26 Financial Results Following NSE Clarification
Shiv Aum Steels Limited has filed a revised Limited Review Report for the quarter ended December 31, 2025, after the NSE flagged discrepancies in its initial submission. For Q3 FY26, the company reported a total income of ₹6,016.57 lakhs and a net profit of ₹60.32 lakhs, representing a significant sequential decline from Q2 FY26's ₹10,987.92 lakhs income and ₹181.95 lakhs profit. This reporting period is critical as it marks the company's recent migration from the NSE SME platform to the Main Board on November 14, 2025, and the adoption of Ind AS accounting standards. The rectification ensures regulatory compliance with SEBI Listing Obligations and Disclosure Requirements.
Key Highlights
Total income for Q3 FY26 stood at ₹6,016.57 lakhs, a sharp decline from ₹10,987.92 lakhs in the preceding quarter.
Net profit for the quarter ended December 31, 2025, was ₹60.32 lakhs compared to ₹181.95 lakhs in Q2 FY26.
The company successfully migrated from the NSE SME (EMERGE) platform to the Main Board on November 14, 2025.
Financial results are now prepared under Indian Accounting Standards (Ind AS) effective from April 1, 2025.
The revised filing addresses specific errors in the Limited Review Report as pointed out by the NSE on March 05, 2026.
💼 Action for Investors
Investors should monitor the company's performance closely following its migration to the Main Board, as the significant sequential drop in revenue and profit warrants caution. It is also important to review how Ind AS transitions affect year-on-year comparisons once full-year data is available.
Waaree Renewable Approves 66,809 ESOPs and Seeks Higher Investment Limits
Waaree Renewable Technologies Limited held a board meeting on March 13, 2026, resulting in three key decisions. The board approved the grant of 66,809 stock options to eligible employees under the 2022 ESOP plan. Significantly, the company is seeking shareholder approval via postal ballot to increase the threshold for loans, guarantees, and investments under Section 186 of the Companies Act. Additionally, the company updated its internal Code of Fair Disclosure to align with the latest SEBI Insider Trading regulations.
Key Highlights
Approved the grant of 66,809 stock options under the Waaree RTL ESOP 2022 plan.
Initiated a postal ballot to increase limits for loans, guarantees, and securities under Section 186.
Revised the Code of Practices and Procedures for Fair Disclosure of UPSI to meet SEBI requirements.
The board meeting was conducted efficiently within a 30-minute window on March 13, 2026.
💼 Action for Investors
Investors should monitor the upcoming postal ballot notice to see the specific revised limits for Section 186, as this indicates the company's future capacity for capital deployment or inter-corporate loans.
Jindal Stainless Reports Capacity Rationalisation and Margin Pressure Due to Middle East Crisis
Jindal Stainless Limited (JSL) has disclosed that the Middle East war crisis is significantly impacting its operations due to a shortage of essential industrial gases like propane, LPG, and natural gas. Unlike traditional steelmakers, JSL's scrap-based production route relies heavily on these external fuels, forcing the company to operate its plants at rationalised capacity. Additionally, global shipping disruptions are causing vessel diversions and cargo delays, which are expected to increase costs and compress margins. The company is currently seeking government intervention for prioritized fuel allocation to mitigate further cascading effects on the industry.
Key Highlights
Plants are currently operating at rationalised capacity due to fuel availability constraints.
Heavy reliance on external propane, LPG, and natural gas makes JSL more vulnerable than conventional blast-furnace steelmakers.
Global shipping disruptions are leading to longer transit times and increased supply chain pressure.
Management warns of a direct negative impact on profit margins and potential cascading industry effects.
The company is awaiting government clarity on fuel allocation percentages to optimize future operations.
💼 Action for Investors
Investors should exercise caution as reduced capacity and higher logistics costs are likely to impact the upcoming quarterly earnings. Monitor government announcements regarding fuel allocation and the duration of shipping disruptions for signs of operational recovery.
AVRO India Sets Record Processing 3 Lakh+ Cement Bags in 24 Hours; Recognized by Asia Book of Records
AVRO India Limited has achieved a major operational milestone by processing over 3,00,000 cement bags within a 24-hour period at its recycling facility. This achievement has been officially recognized by both the Asia Book of Records and the India Book of Records, establishing the company as a leader in flexible plastic recycling. The company utilizes Asia’s largest fully automatic flexible plastic washing plant to recycle difficult materials like woven sacks and jumbo bags. This technological capability allows AVRO to replace virgin polymer costing approximately ₹100/kg while significantly reducing greenhouse gas emissions.
Key Highlights
Processed over 3,00,000 cement bags in a single 24-hour period on March 10, 2026
Recognized by Asia Book of Records and India Book of Records as the only company in Asia to reach this benchmark
Operates Asia’s largest fully automatic flexible plastic washing plant for complex waste recycling
Reduces nearly 2.5 kg of greenhouse gas emissions per kg of recycled plastic produced
Replaces virgin polymer worth ₹100/kg, offering significant cost-saving potential and import substitution
💼 Action for Investors
Investors should view this as a validation of the company's technological moat in the high-growth recycling and circular economy sector. Monitor how this operational efficiency and record-breaking capacity utilization translate into improved margins and revenue in upcoming quarterly results.