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Euro Multivision Appoints New CS and Statutory Auditors to Resolve Compliance Backlog
Euro Multivision Limited has appointed Ms. Ankita Mohta as Company Secretary and M/s. M G S Reddy & Co. as Statutory Auditors for a five-year term starting FY 2023-24. These appointments follow the company's acquisition as a going concern under a liquidation process. The new auditors are specifically tasked with completing pending audits and limited reviews for previous periods, including the CIRP and liquidation phases. This move is a critical step by the new management to regularize the company's regulatory standing and listing status.
Key Highlights
Appointment of Ms. Ankita Mohta as Company Secretary and Compliance Officer effective December 15, 2025.
M/s. M G S Reddy & Co. appointed as Statutory Auditors for a 5-year period starting from FY 2023-24.
Auditors will undertake audits and certifications for periods prior to, during, and after the CIRP/Liquidation process.
The appointments are part of the new management's efforts to facilitate completion of pending compliance requirements.
The statutory audit firm brings over 23 years of experience in NCLT matters and corporate restructuring.
💼 Action for Investors
Investors should monitor the company's ability to release its pending financial results for the CIRP period. While the regularization of management is a positive step, the stock remains high-risk given its recent history of liquidation.
RailTel Secures ₹29.9 Crore Order from UP Police Recruitment Board
RailTel Corporation of India has bagged a domestic work order worth approximately ₹29.90 crore from the Uttar Pradesh Police Recruitment And Promotion Board. The contract involves providing security-related ancillary services during recruitment examinations. The project is slated for completion by March 13, 2028, providing a steady revenue stream over the next two years. This win reinforces RailTel's presence in the government services and security infrastructure segment.
Key Highlights
Total order value is ₹29,90,01,641 including taxes
Contract awarded by the Uttar Pradesh Police Recruitment And Promotion Board
Scope involves security-related ancillary services for recruitment exams
Execution timeline is approximately two years, ending March 13, 2028
💼 Action for Investors
Investors should note this as a positive addition to RailTel's order book, demonstrating its competitive edge in government tenders. Maintain focus on the company's overall order book execution and margin sustainability.
Ravindra Energy Extends Corporate Guarantee to INR 296 Crore for Associate Entity
Ravindra Energy Limited (RELTD) has increased its corporate guarantee for its associate entity, Energy In Motion Limited (EIM), to INR 296 Crore from an earlier limit of INR 135 Crore. This guarantee is provided to YES Bank Limited to facilitate credit and hedge facilities for EIM's business operations. RELTD holds a 49.50% stake in EIM, which currently has a paid-up equity capital of INR 100.48 Crores. While the company states this is a non-fund-based contingent liability with no immediate financial impact, it significantly increases the parent's risk exposure to the associate's performance.
Key Highlights
Corporate guarantee extended to a total of INR 296 Crore, inclusive of a previous INR 135 Crore limit.
Guarantee supports fund-based and non-fund-based credit facilities from YES Bank Limited.
Ravindra Energy holds a 49.50% equity stake in the associate entity, Energy In Motion Limited.
Energy In Motion Limited has a paid-up equity share capital of INR 100.48 Crores.
The transaction involves common director Mr. Narendra Murkumbi but is conducted at arm's length.
💼 Action for Investors
Investors should monitor the operational progress and debt-servicing capability of Energy In Motion Limited, as any default would directly impact Ravindra Energy's balance sheet. Evaluate if the potential returns from this 49.50% associate stake outweigh the increased contingent liability risk.
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.
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.
Hilton Metal Forging Extends Rights Issue Closing Date to April 02, 2026
Hilton Metal Forging Limited has extended the closing date of its ongoing Rights Issue from March 13, 2026, to April 02, 2026. The company is offering 1,67,70,000 equity shares at a price of Rs. 1,668 per share to existing shareholders. The entitlement ratio is set at 29 shares for every 60 shares held. While the subscription period is extended, the trading of Rights Entitlements (REs) on the exchanges remains suspended as per the original schedule.
Key Highlights
Rights Issue closing date extended by 20 days to April 02, 2026
Issue involves 1,67,70,000 equity shares at a fixed price of Rs. 1,668 per share
Rights entitlement ratio is 29:60 (29 shares for every 60 shares held)
Trading in Rights Entitlements (REs) will not be extended and remains suspended
The issue originally opened on March 06, 2026
💼 Action for Investors
Eligible shareholders who intended to participate but missed the earlier deadline now have until April 02 to subscribe. Investors should compare the current market price with the issue price of Rs. 1,668 before making a decision.
Valor Estate Announces Effective Date for Merger of Step-down Subsidiaries SADPL and HVPL
Valor Estate Limited (formerly DB Realty) has confirmed that the Scheme of Amalgamation between its step-down subsidiaries, Sahyadri Agro Dairy Private Limited (SADPL) and Horizontal Ventures Private Limited (HVPL), is now effective. The company completed the necessary filing with the Registrar of Companies on March 12, 2026, following the NCLT Mumbai Bench's order. The merger is retroactively effective from the appointment date of April 1, 2025. This move represents an internal consolidation of the company's corporate structure.
Key Highlights
Merger of Sahyadri Agro Dairy Private Limited into Horizontal Ventures Private Limited is now complete.
The Scheme of Amalgamation became officially effective on March 12, 2026.
The designated Appointment Date for the merger accounting is April 1, 2025.
The restructuring involves step-down subsidiaries of Valor Estate Limited (formerly DB Realty).
💼 Action for Investors
This is an internal corporate restructuring and consolidation of subsidiaries which is unlikely to have a direct impact on the stock's valuation. Investors should monitor if this leads to better operational efficiency or cost savings in future earnings reports.
HCLTech Expands Google Cloud Tie-up for Agentic AI; Aims for 35,000+ Certified Experts
HCLTech has significantly expanded its strategic collaboration with Google Cloud to accelerate the adoption of Agentic AI across global industries. The company plans to triple its Google Cloud-certified workforce from 12,000 to over 35,000 within the next three years to meet rising demand. This partnership will support more than 2,000 GenAI-led customer engagements, leveraging Google's Gemini models for custom AI agents. Additionally, HCLTech will launch physical Gemini Experience Zones globally to showcase AI innovation and drive enterprise transformation.
Key Highlights
Targeting expansion of Google Cloud-certified workforce from 12,000 to over 35,000 within 3 years
Collaboration to support over 2,000 GenAI-led customer engagements using Gemini Enterprise models
Integration of HCLTech’s AI Force platform with Google’s Gemini family for software and IT operations
Launch of physical Gemini Experience Zones at key global locations for AI innovation
Development of industry-specific agents such as Insight for manufacturing and Netsight for telecommunications
💼 Action for Investors
Investors should monitor HCLTech's ability to monetize these AI engagements and successfully scale its certified workforce. This move strengthens the company's competitive position in the high-growth AI services segment.
Maha Rashtra Apex Corp Sets March 20, 2026, as Record Date for Rights Issue
Maha Rashtra Apex Corporation Limited has announced March 20, 2026, as the record date for its upcoming Rights Issue of equity shares. This decision was finalized during the Board Meeting held on March 11, 2026. The record date will determine which shareholders are eligible to receive Rights Entitlements (REs) to participate in the capital raise. This move follows the company's compliance with Regulation 42 of SEBI Listing Regulations.
Key Highlights
Record date for Rights Issue eligibility is fixed for March 20, 2026
Board of Directors approved the timeline in a meeting held on March 11, 2026
The issue aims to provide Rights Entitlements to existing equity shareholders
The company is listed on both BSE (523384) and NSE (MAHAPEXLTD)
💼 Action for Investors
Investors interested in participating in the Rights Issue must ensure they hold the company's shares before the record date. Closely monitor upcoming disclosures regarding the rights price and entitlement ratio to assess the investment's value.
Maha Rashtra Apex Corp to Raise ₹14.09 Cr via 1:1 Rights Issue at ₹10/Share
Maha Rashtra Apex Corporation has approved a Rights Issue of up to 1.41 crore equity shares at a price of ₹10 per share, which is at par with the face value. The issue follows a 1:1 ratio, allowing existing shareholders to subscribe to one new share for every share held as of the record date, March 20, 2026. The total fundraise is expected to be approximately ₹14.09 crore, effectively doubling the company's outstanding equity base if fully subscribed. The subscription window is scheduled from April 2 to April 30, 2026.
Key Highlights
Rights Issue ratio fixed at 1:1 (one new share for every one share held)
Issue price set at ₹10 per share, aggregating to a total size of ₹1,409.19 Lakhs
Record date for eligibility is March 20, 2026, with the issue opening on April 2, 2026
Post-issue equity capital will double to 2,81,83,792 shares assuming full subscription
Last date for market renunciation of rights entitlements is April 29, 2026
💼 Action for Investors
Investors should evaluate the current market price against the ₹10 issue price; if the market price is higher, they should either subscribe or sell their rights entitlements before April 29 to avoid dilution.
LTM Recognized as Innovator in Avasant’s GenAI Services 2025 RadarView
LTIMindtree (LTM) has been recognized as an 'Innovator' in Avasant’s Generative AI Services 2025 RadarView, highlighting its strong capabilities in GenAI and agentic AI. The company's BlueVerse ecosystem was cited as a key differentiator, offering a modular platform for deploying AI across multi-cloud and multi-LLM setups. LTM currently offers over 1,000 ready-to-deploy AI agents and maintains robust governance frameworks compliant with GDPR and HIPAA standards. This recognition validates LTM's strategy to move enterprises from AI experimentation to scalable, production-grade deployments across various sectors.
Key Highlights
Named an Innovator in Avasant’s Generative AI Services 2025 RadarView report.
Features the BlueVerse ecosystem with over 1,000 ready-to-deploy AI agents for enterprise workflows.
Strong focus on AI governance and compliance with global standards including GDPR, HIPAA, and ISO.
Demonstrated impact across BFSI, manufacturing, energy, and healthcare through multi-agent systems.
Strategic partnerships with hyperscalers and hardware providers to support sovereign and voice-native AI.
💼 Action for Investors
Investors should view this as a positive validation of LTM's technological readiness in the high-growth GenAI segment. Monitor how these capabilities translate into increased deal sizes and market share gains in the digital transformation space.
Borosil Limited Suspends Production at Jaipur Plant Due to LPG Supply Shortage
Borosil Limited has announced a disruption in production at its Jaipur, Rajasthan facilities due to restricted LPG supply from Oil Marketing Companies. The supply crunch is attributed to a force majeure situation arising from geopolitical conflicts in the Middle East. Currently, the Borosilicate Glass Furnace for Pressware has been temporarily suspended, while the Opal Glass Furnaces are operating at reduced capacities. The company is actively coordinating with authorities to restore fuel supply and is currently evaluating the total financial impact of this disruption.
Key Highlights
Temporary suspension of production at the Borosilicate Glass Furnace for Pressware Products in Jaipur.
Opal Glass Furnaces at the Jaipur facility are currently operating at lower capacities.
Disruption caused by force majeure event affecting LPG supply from Oil Marketing Companies (OMCs).
Company is evaluating the quantum of loss and coordinating with government authorities for supply restoration.
💼 Action for Investors
Investors should monitor the duration of this suspension as prolonged fuel shortages will negatively impact quarterly revenue and margins. Watch for follow-up disclosures regarding the quantification of financial losses and the resumption of full capacity.
RailTel Declares 10% Interim Dividend (Re 1/Share); Sets Record Date for March 13, 2026
RailTel Corporation has announced its second interim dividend for FY 2025-26 at 10% of the paid-up capital, which translates to Re 1 per equity share. The company has fixed March 13, 2026, as the record date to determine eligibility, with the dividend payment scheduled for March 24, 2026. Shareholders are required to submit tax-related documents by March 16, 2026, to ensure appropriate Tax Deducted at Source (TDS) rates are applied. The company emphasized that all payments will be made electronically, and no physical dividend warrants will be issued.
Key Highlights
Second interim dividend declared at Re 1 per equity share (10% of paid-up capital).
Record date for dividend eligibility is March 13, 2026, with payment by March 24, 2026.
Standard TDS of 10% for resident shareholders with valid PAN; 20% for those without.
No TDS for resident individuals if the total dividend for the financial year does not exceed Rs. 10,000.
Deadline for submitting tax exemption documents (Form 15G/15H) is March 16, 2026.
💼 Action for Investors
Investors should ensure their bank account and PAN details are updated in their demat accounts to receive the dividend electronically. Eligible shareholders should submit tax exemption forms by the March 16 deadline to avoid higher tax withholding.
Subex Reports Turnaround with 7.2% EBITDA Margin and 9% PAT in YTD Dec 2025 Update
Subex Limited has announced a significant operational turnaround, shifting from an EBITDA margin of -11% to +7.2% and a PAT margin of 9% for YTD December 2025. The company reported a 25% increase in cash reserves and a 30% improvement in employee productivity through AI-driven process optimization. With 70% recurring revenue and a 95% customer retention rate across 150+ installations, Subex is pivoting towards an AI-native product suite targeting a $4.3 billion addressable market. The launch of Fraudzap, developed in months rather than years using GenAI, serves as a proof of concept for their new high-velocity R&D model.
Key Highlights
Turned around EBITDA from -11% to +7.2% and PAT from -18.4% to +9% in YTD Dec 2025
Reported ₹206 Crores in revenue for YTD Dec 2025 with a 25% increase in cash and cash equivalents
Maintains a strong recurring revenue base of ~70% with a high customer retention rate of 95%
Identified a $4.3 billion Total Addressable Market (TAM) driven by new-age fraud vectors and AI-agentic operations
Achieved a 30% unlock in employee productivity and significantly reduced product development cycles using GenAI
💼 Action for Investors
Investors should monitor the sustainability of the margin expansion and the adoption rate of new AI-native products like Fraudzap. The stock presents a potential re-rating opportunity if the company maintains its turnaround trajectory and successfully captures the expanding AI-driven telecom security market.
RailTel Secures ₹115.20 Crore Service Order from Power Grid Corporation
RailTel Corporation of India has received a Letter of Intent (LoI) from Power Grid Corporation of India Limited for a domestic service contract. The total estimated value of the order is ₹115.20 crore, including taxes. This is a long-term engagement with an execution timeline extending until September 10, 2034. The contract strengthens RailTel's order book and provides long-term revenue visibility from a major PSU client.
Key Highlights
Order awarded by Power Grid Corporation of India Limited for domestic services.
Total contract value is estimated at ₹115,20,49,000 (approx. ₹115.20 crore).
Long-term execution period spanning over 8 years, ending on September 10, 2034.
The order was officially received on March 10, 2026.
💼 Action for Investors
Investors should view this as a positive development that enhances RailTel's long-term revenue stability. The stock remains a key play in the PSU telecom and infrastructure space with a growing order book.
Kellton Partners with FutureAge AI Labs to Launch Zourney AI-First B2B Travel Platform
Kellton Tech has announced a strategic partnership with FutureAge AI Labs to develop Zourney, an AI-native B2B travel platform. The platform is designed to solve fragmentation in the travel trade by embedding intelligence across the booking value chain, from pricing to post-sales. A key value proposition is the reduction of the booking workflow from the industry average of 1-2 days down to less than five minutes. This initiative targets the growing digital needs of India's B2B travel operators and distribution partners.
Key Highlights
Compresses booking workflow duration from 1-2 days to less than 5 minutes
Reduces the need for an average of 3-5 customer callbacks per booking through automated workflows
Provides a unified operating layer with one platform and one API for travel agents
Leverages Kellton's global delivery capabilities and team of over 2,000 professionals
💼 Action for Investors
Investors should monitor the adoption rate of the Zourney platform as it represents a move into high-margin, AI-driven specialized software. Success in this niche could significantly boost Kellton's digital transformation revenue segment.
Delta Corp to Hold EGM on April 9 for Shipbuilding Contract and Corporate Guarantee Approval
Delta Corp has scheduled an Extra-ordinary General Meeting (EGM) for April 9, 2026, to seek shareholder approval for two key financial matters. The board is proposing modifications to a shipbuilding contract between its wholly-owned subsidiary DPCCPL and associate company WSPL. Additionally, approval is sought for a corporate guarantee to be provided by subsidiary DPCCL for a loan proposed to be taken by WSPL. These moves indicate continued financial support and capital commitment toward its associate entities.
Key Highlights
Extra-ordinary General Meeting (EGM) scheduled for April 9, 2026, via Video Conferencing.
Modification of shipbuilding contract between subsidiary DPCCPL and associate company WSPL.
Proposed corporate guarantee by subsidiary DPCCL for a loan to be availed by associate WSPL.
Board meeting concluded at 6:15 P.M. on March 10, 2026, following a 45-minute session.
💼 Action for Investors
Investors should review the detailed EGM notice when released to understand the financial scale of the loan guarantee and contract modifications. Monitor the impact of these contingent liabilities on the company's consolidated balance sheet.
Paushak Ltd Appoints Jain Parkash as Whole-time Director; COO Chintan Gosaliya Resigns
Paushak Limited has announced a leadership transition effective from the end of the 2025-26 fiscal year. Mr. Chintan Gosaliya will resign as Whole-time Director and COO on March 31, 2026, to pursue outside opportunities. To ensure continuity, the board has appointed Mr. Jain Parkash, the current Sr. VP of Operational Excellence, as a Whole-time Director for a three-year term starting April 1, 2026. Mr. Parkash brings over 30 years of specialized experience in specialty chemicals and pharma APIs to the role.
Key Highlights
Mr. Chintan Gosaliya to step down as Whole-time Director and COO on March 31, 2026.
Mr. Jain Parkash appointed as Whole-time Director for a 3-year term effective April 1, 2026.
New appointee Mr. Parkash has 30+ years of experience in Specialty Chemicals and Agro-Chemicals.
The appointment is an internal promotion and remains subject to shareholder approval via Special Resolution.
💼 Action for Investors
Investors should monitor the transition for any shifts in operational strategy, though the internal promotion of an experienced executive suggests a focus on continuity.
Paushak Ltd Appoints Jain Parkash as Whole-time Director; Chintan Gosaliya Resigns as COO
Paushak Limited has announced a leadership transition where Mr. Chintan Gosaliya will resign as Whole-time Director and COO effective March 31, 2026. To fill the vacancy, the Board has approved the appointment of Mr. Jain Parkash as an Additional and Whole-time Director for a three-year term starting April 1, 2026. Mr. Parkash is currently the Sr. Vice President of Operational Excellence and brings over 30 years of experience in Specialty Chemicals and Pharma API. This internal promotion suggests a focus on operational continuity and leveraging deep industry expertise.
Key Highlights
Mr. Chintan Gosaliya to step down as WTD and COO on March 31, 2026, to pursue outside opportunities.
Mr. Jain Parkash appointed as Whole-time Director for a 3-year term effective April 1, 2026.
Incoming director Mr. Jain Parkash has over 30 years of experience in Specialty Chemicals, Agro-Chemicals, and Pharma API.
The appointment is subject to shareholder approval through a Special Resolution.
Mr. Parkash also serves as a Non-Executive Director on the Board of Alembic Limited.
💼 Action for Investors
Investors should monitor the transition for any impact on operational efficiency, though the internal promotion of an experienced industry veteran is generally a stabilizing signal. No immediate action is required as the transition is scheduled for 2026.
Paushak Ltd Appoints Jain Parkash as Whole-time Director; Chintan Gosaliya Resigns as COO
Paushak Limited has announced a leadership transition where Mr. Chintan Gosaliya will resign as Whole-time Director and COO effective March 31, 2026. To ensure continuity, the board has appointed Mr. Jain Parkash, currently the Sr. VP of Operational Excellence, as a Whole-time Director for a three-year term starting April 1, 2026. Mr. Parkash brings over 30 years of extensive experience in Specialty Chemicals and Pharma APIs, which are critical sectors for the company. This internal promotion indicates a focus on maintaining operational stability and leveraging internal expertise for future growth.
Key Highlights
Mr. Chintan Gosaliya to resign as Whole-time Director and COO effective March 31, 2026.
Mr. Jain Parkash appointed as Whole-time Director for a 3-year term starting April 1, 2026.
New appointee Mr. Parkash has over 30 years of experience in Specialty Chemicals, Agro-Chemicals, and Pharma APIs.
The appointment is subject to shareholder approval through a Special Resolution.
Mr. Parkash also serves as a Non-Executive Director on the Board of Alembic Limited.
💼 Action for Investors
Investors should view this as a routine leadership transition; the internal promotion of an industry veteran suggests stability in operational management. No immediate action is required, but shareholders should look for the upcoming Special Resolution to formalize the appointment.