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Anlon Healthcare Approves 1:5 Stock Split and 1:1 Bonus Issue
Anlon Healthcare Limited has announced a significant restructuring of its share capital, starting with a 1:5 stock split that reduces the face value from Rs. 10 to Rs. 2. Following the split, the company will issue bonus shares in a 1:1 ratio to all eligible shareholders. To accommodate these changes, the authorized share capital is being doubled from Rs. 55 crore to Rs. 110 crore. These corporate actions are intended to enhance market liquidity and encourage wider participation from retail investors.
Key Highlights
Stock split of 1 equity share (FV Rs. 10) into 5 equity shares (FV Rs. 2) to improve liquidity
Bonus issue in the ratio of 1:1 (one new share for every one held) post-split adjustment
Authorized share capital increased from Rs. 55 crore to Rs. 110 crore to facilitate the issuance
Company has Rs. 147.08 crore in free reserves as of Dec 31, 2025, to support the Rs. 53.15 crore bonus capitalization
Expected completion of both corporate actions is within 2 months, by May 6, 2026
💼 Action for Investors
Investors should monitor the upcoming record date to be eligible for both the split and bonus shares. While these actions do not change the company's fundamentals, the increased liquidity and lower nominal price per share often attract higher retail trading volume.
Markolines Pavement to Merge with Markolines Infra; Share Exchange Ratio Set at 1:1.15
Markolines Pavement Technologies has approved a scheme of amalgamation to merge Markolines Infra Limited into itself. The merger aims to consolidate highway operations and maintenance services, creating a comprehensive infrastructure service provider. As of December 31, 2025, Markolines Infra reported a turnover of ₹104.11 crore, which will be integrated with the parent company's ₹243.34 crore turnover. The share exchange ratio is fixed at 1.15 shares of the listed entity for every 1 share of the transferor company.
Key Highlights
Share exchange ratio of 1.15:1 (1.15 shares of Markolines Pavement for every 1 share of Markolines Infra)
Markolines Infra Limited brings total assets of ₹108.10 crore and a net worth of ₹80.25 crore
Combined entity will integrate Markolines Pavement's ₹243.34 crore turnover with Infra's ₹104.11 crore
The merger aims to create India's largest company offering the full spectrum of Highway O&M services
Appointed date for the scheme is January 1, 2026, pending NCLT and regulatory approvals
💼 Action for Investors
Investors should monitor the merger process as it scales the company's operations and diversifies its service portfolio in the highway sector. The consolidation is expected to improve operational efficiencies and market positioning, though NCLT approval timelines should be watched.
Akash Infra-Projects to Issue 40 Lakh Securities; Updates EGM Notice for March 16
Akash Infra-Projects Limited has issued a second corrigendum to its EGM notice scheduled for March 16, 2026, detailing a proposed issuance of securities. The company plans to allot a total of 40,00,000 securities to 19 identified allottees, including 11 from the promoter group and 8 from the public. Promoters are set to subscribe to 75% of the total issue (30,00,000 securities), indicating strong internal backing. Post-allotment, the Managing Director Yoginkumar Patel's stake will adjust to 21.762% of the expanded capital.
Key Highlights
Proposed allotment of 40,00,000 securities to a mix of 19 promoter and public allottees.
Promoter and Promoter Group to receive 30,00,000 securities, representing 75% of the total issuance.
Eight public allottees to receive 1,25,000 securities each, totaling 10,00,000 securities.
Managing Director Yoginkumar Patel's post-issue holding will be 45,40,200 shares (21.762%).
The Extra-Ordinary General Meeting (EGM) to approve the issuance is scheduled for March 16, 2026.
💼 Action for Investors
Investors should view the high level of promoter participation as a positive sign of confidence, though they should remain aware of the impending equity dilution. Monitor the EGM results for final approval and details on the issue price.
Groww Allots 10 Crore Equity Shares to Employee Welfare Trust under ESOP Scheme 2024
Billionbrains Garage Ventures Limited (Groww) has allotted 10,00,00,000 equity shares to its Employee Welfare Trust to facilitate the ESOP Scheme 2024. This allotment increases the total number of equity shares from 617.36 crore to 627.36 crore, representing a dilution of approximately 1.6%. The face value of these shares is Rs. 2 each, bringing the total paid-up capital to Rs. 1254.72 crore. These shares are intended for long-term employee retention and will be transferred to eligible employees upon the exercise of their options.
Key Highlights
Allotment of 10,00,00,000 equity shares to the Groww Employee Welfare Trust
Total paid-up share capital increased from Rs. 1234.72 crore to Rs. 1254.72 crore
Total outstanding equity shares rose to 627,35,96,631 from 617,35,96,631
Shares issued at a face value of Rs. 2 per share under the ESOP Scheme 2024
💼 Action for Investors
Investors should monitor the minor equity dilution of 1.6% but view the move as a standard talent retention strategy common in the fintech industry. No immediate portfolio action is required.
CRISIL Upgrades Heritage Foods Long-Term Rating to AA-/Stable; Bank Facilities at Rs 653.5 Cr
Heritage Foods has received a credit rating upgrade from CRISIL Ratings, with its long-term rating moving from CRISIL A+/Positive to CRISIL AA-/Stable. The total bank loan facilities rated have been increased to Rs 653.5 Crores, up from the previous Rs 503.5 Crores. Additionally, the company's short-term rating has been reaffirmed at CRISIL A1+. This upgrade reflects an improved financial profile and stronger creditworthiness for the dairy major.
Key Highlights
Long-term credit rating upgraded to CRISIL AA-/Stable from CRISIL A+/Positive
Short-term credit rating reaffirmed at CRISIL A1+
Total bank loan facilities rated enhanced to Rs 653.5 Crores from Rs 503.5 Crores
Upgrade indicates improved operational stability and financial health of the company
💼 Action for Investors
Investors should view this upgrade positively as it likely leads to lower borrowing costs and reflects management's efficient capital handling. Monitor if this translates into improved net profit margins in upcoming quarters.
DCMSIL Q3 FY26 Results: Consolidated Net Profit at ₹3.89 Cr, Revenue Declines 18.6% YoY
DCM Shriram International Limited (DCMSIL) reported its first financial results post-listing, showing a consolidated revenue of ₹118.44 crore for Q3 FY26, down from ₹145.54 crore YoY. The company achieved a net profit of ₹3.89 crore, marking a recovery from a loss of ₹2.63 crore in the preceding quarter (Q2 FY26). However, on a year-on-year basis, the 9-month net profit saw a massive decline, falling to ₹4.45 crore from ₹53.56 crore in the previous year. The results reflect the performance of the Rayon undertaking following the recent composite scheme of arrangement.
Key Highlights
Consolidated Revenue from operations for Q3 FY26 stood at ₹118.44 crore, an 18.6% decline compared to ₹145.54 crore in Q3 FY25.
Net Profit for the quarter was ₹3.89 crore, a significant 74.5% drop from the ₹15.30 crore reported in the same quarter last year.
9M FY26 consolidated net profit plummeted to ₹4.45 crore from ₹53.56 crore in 9M FY25, indicating severe margin pressure.
The company showed a sequential (QoQ) turnaround, moving from a loss of ₹2.63 crore in Q2 FY26 to a profit of ₹3.89 crore in Q3 FY26.
Total expenses for the nine-month period ended December 2025 were ₹337.71 crore against a total income of ₹343.72 crore.
💼 Action for Investors
Investors should exercise caution as the sharp year-on-year decline in profitability suggests operational challenges post-demerger. It is advisable to wait for a few more quarters to assess the stability of the newly listed entity's earnings profile.
Pakka Limited Credit Rating Downgraded to CARE BBB-; Negative Outlook on Project Delays
CARE Ratings has downgraded Pakka Limited's long-term rating to 'CARE BBB-' with a 'Negative' outlook, citing significant time and cost overruns in its ₹676.26 crore 'Project Jagriti' expansion. The project has faced a cost escalation of ₹67.74 crore, and the company is seeking a 4-9 month extension for its commercial operation date (COD). Additionally, operational performance moderated in 9MFY26 due to a planned shutdown, and there are concerns regarding the funding tie-up for the increased project costs. The negative outlook reflects uncertainty around the timely commissioning and stabilization of the new paper machinery.
Key Highlights
Long-term rating downgraded to CARE BBB- (Negative) from CARE BBB (Stable) for ₹618.42 crore facilities.
Project Jagriti faces a cost escalation of ₹67.74 crore on its original ₹676.26 crore capex plan.
Commercial Operation Date (COD) for the expansion has been delayed from April 2026 to at least August 2026.
Overall gearing remains comfortable at 0.42x as of March 2025, but TD/GCA moderated to 2.95x.
Company is seeking additional term loans and lender approval for the extension of the project timeline.
💼 Action for Investors
Investors should exercise caution as the rating downgrade and project delays indicate increased execution risk and potential liquidity pressure. Monitor the company's ability to secure additional funding and the successful commissioning of Project Jagriti by the revised timelines.
Aye Finance Q3 FY26: PAT Surges 87% YoY to ₹43 Cr; AUM Grows 23.5% to ₹6,356 Cr
Aye Finance reported a strong performance for Q3 FY26, with Profit After Tax (PAT) jumping 87.1% YoY to ₹43 crore. Asset Under Management (AUM) reached ₹6,356 crore, marking a 23.5% YoY growth, while disbursements rose 35% YoY to ₹1,310 crore. Although GNPA increased to 4.94% compared to 3.79% last year, credit costs have consistently declined for four quarters to 4.67%. The company is successfully shifting its mix toward Mortgage Loans, which now constitute 20.9% of the AUM.
Key Highlights
AUM grew 23.5% YoY to ₹6,356 crore, supported by a 35% YoY increase in disbursements to ₹1,310 crore.
Profit After Tax (PAT) rose 87.1% YoY to ₹43 crore, with Net Interest Margins (NIM) stable at 14.21%.
Credit costs improved to 4.67% in Q3 FY26, down from 6.24% in Q3 FY25.
Asset quality showed sequential recovery with PAR X (total overdue) reducing from 8.03% in Q2 to 7.64% in Q3.
Maintained a robust capital adequacy ratio (CRAR) of 31.45% and a net worth of ₹1,773 crore.
💼 Action for Investors
Investors should focus on the improving credit cost trajectory and the strategic shift toward secured mortgage lending. The strong PAT growth and healthy capital position make it a positive watch, provided GNPA levels stabilize further.
IRCON Denies Merger Rumors with RVNL Following Exchange Clarification
IRCON International Limited has officially clarified that media reports regarding a potential merger with Rail Vikas Nigam Limited (RVNL) are not based on company information. In a response to BSE and NSE on March 6, 2026, the company stated it is not involved in any such negotiations or discussions. The company maintains that all material information is promptly disclosed and there is currently no undisclosed news impacting share price. This denial aims to curb speculation following a recent surge in the stock price.
Key Highlights
Official denial of merger rumors with RVNL issued on March 6, 2026
Company confirms no negotiations or events related to the merger are currently taking place
Clarification issued under Regulation 30 of SEBI (LODR) Regulations, 2015
Response follows a specific news item on NDTV Profit regarding a Ministry of Railways proposal
💼 Action for Investors
Investors should avoid trading based on merger speculation as the company has formally denied the reports. Focus on IRCON's standalone fundamentals and its existing order book for long-term value.
Aye Finance Q3 FY26: PAT Surges 87.1% YoY to ₹43 Cr, AUM Up 23.5%
Aye Finance reported a robust performance for Q3 FY26, with Profit After Tax (PAT) growing 87.1% YoY to ₹43 crore. Assets Under Management (AUM) reached ₹6,356 crore, representing a 23.5% increase, while disbursements grew by 35% to ₹1,310 crore. The company maintained a healthy Return on Assets (RoA) of 2.4% and saw a continuous reduction in credit costs to 4.67%. Management has guided for a 29-30% AUM growth for the full fiscal year 2026, supported by deep penetration in the MSME segment.
Key Highlights
Net Profit (PAT) jumped 87.1% YoY to ₹43 crore in Q3 FY26, with 9M FY26 PAT reaching ₹108 crore.
AUM increased by 23.5% YoY to ₹6,356 crore, driven by a 35% growth in disbursements to ₹1,310 crore.
Asset quality metrics showed GNPA at 4.94% and NNPA at 1.98%, with credit costs declining for four consecutive quarters to 4.67%.
Profitability remains strong with a Return on Assets (RoA) of 2.4% and Return on Equity (RoE) of 9.74%.
Operational expansion continued with the addition of 41,015 new borrowers and a 9% YoY increase in branch network to 571.
💼 Action for Investors
Investors should take note of the significant bottom-line growth and improving asset quality trends. The company's guidance of 30% AUM growth suggests a strong growth trajectory, making it a key stock to watch in the micro-MSME lending space.
Varroc Engineering Redeems NCDs Worth Rs 250 Crore via Call Option
Varroc Engineering has exercised its call option for the early redemption of its 8.6% Senior Secured Non-Convertible Debentures (NCDs). The company has paid a total principal amount of Rs 171.88 crore along with interest of approximately Rs 3.64 crore. This move results in the full redemption of the Rs 250 crore NCD issue (ISIN: INE665L07040). The early repayment indicates a healthy cash flow position and a commitment to reducing debt obligations.
Key Highlights
Full redemption of 8.6% Senior, Secured NCDs with an original issue size of Rs 250 crore
Principal amount of Rs 171.88 crore repaid via exercise of call option on March 6, 2026
Interest payment of Rs 3.64 crore cleared along with the principal
The redemption was completed ahead of the scheduled maturity, signaling strong liquidity and deleveraging
💼 Action for Investors
Investors should view this as a positive sign of the company's liquidity and deleveraging efforts. Monitor the impact on interest costs in upcoming quarterly results.
Varroc Engineering Redeems NCDs Worth Rs 171.88 Crore via Call Option
Varroc Engineering has exercised its call option for the early and full redemption of its 8.6% Non-Convertible Debentures (NCDs). The company repaid a principal amount of Rs 171.88 crore and an interest amount of Rs 3.64 crore on March 6, 2026. This move effectively clears the outstanding debt from the original Rs 250 crore private placement issued in September 2023. Such proactive debt management typically reflects strong internal accruals or a strategic move to reduce interest costs.
Key Highlights
Full redemption of 8.6% Senior Secured NCDs via call option exercise.
Total principal repayment of Rs 171.88 crore completed on March 6, 2026.
Accrued interest of Rs 3.64 crore paid along with the principal amount.
The NCDs were part of an original Rs 250 crore issue from September 2023.
💼 Action for Investors
This deleveraging exercise strengthens the balance sheet and reduces future interest outgo. Investors should view this as a sign of financial discipline and healthy liquidity management.
Aye Finance Q3 FY26 PAT Jumps 87% YoY to ₹42.6 Cr; Revenue Up 23%
Aye Finance reported a strong quarterly performance with Profit After Tax (PAT) rising 87% YoY to ₹42.60 crore for the quarter ended December 31, 2025. Total revenue from operations grew by 22.6% YoY to ₹442.78 crore, driven by a steady increase in interest income. While the nine-month PAT of ₹107.72 crore is lower than the previous year's ₹130.57 crore, the quarterly trend shows significant recovery and improved cost management. The company successfully completed its IPO in February 2026, raising net proceeds of ₹672.24 crore to bolster its capital base.
Key Highlights
Net Profit for Q3 FY26 surged 87% YoY to ₹42.60 crore from ₹22.77 crore in Q3 FY25.
Total Income grew 22.8% YoY to ₹454.95 crore, supported by ₹393.44 crore in interest income.
Impairment on financial instruments decreased to ₹83.14 crore in Q3 FY26 compared to ₹92.08 crore in the same quarter last year.
The company listed on NSE/BSE on February 16, 2026, raising ₹672.24 crore in net proceeds from a fresh issue.
Basic EPS for the quarter improved to ₹2.22 from ₹1.19 YoY, adjusted for the share subdivision.
💼 Action for Investors
Investors should monitor the utilization of IPO proceeds for loan book expansion and the trend of declining impairment costs. The strong quarterly recovery suggests positive momentum for this newly listed NBFC.
IOC Declares 2nd Interim Dividend of Rs 2.00 Per Share; Sets Record Date for March 12, 2026
Indian Oil Corporation (IOC) has declared its second interim dividend of Rs 2.00 per equity share for the financial year 2025-26, which is 20% of the face value of Rs 10. The company has designated March 12, 2026, as the record date to identify eligible shareholders for this payout. The dividend is scheduled to be paid to eligible investors on or before April 5, 2026. This move continues the Maharatna PSU's trend of providing regular income to its shareholders through interim payouts.
Key Highlights
Declared 2nd interim dividend of Rs 2.00 per equity share (20% of face value)
Record date for dividend eligibility fixed as March 12, 2026
Payment to be completed for eligible shareholders on or before April 5, 2026
Decision finalized during the Board Meeting held on March 6, 2026
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date to be eligible for the Rs 2.00 per share payout. This remains a solid pick for dividend-yield focused portfolios.
Reliance Power Clarifies No ED Raids Conducted at Company Premises
Reliance Power Limited has issued a formal clarification to the stock exchanges regarding media reports alleging Enforcement Directorate (ED) raids at its locations. The company stated on March 6, 2026, that to the best of its knowledge, no such action has been carried out at any of its offices or premises. This proactive disclosure aims to mitigate market speculation and potential panic selling triggered by unverified news. Investors are advised to rely on official company filings for accurate information regarding regulatory investigations.
Key Highlights
Reliance Power denies media reports of Enforcement Directorate (ED) raids.
Official clarification submitted to BSE and NSE on March 6, 2026.
Company confirms no enforcement action at any of its offices or premises.
The disclosure aims to address and curb speculative volatility in the stock price.
💼 Action for Investors
Investors should avoid reacting to speculative media reports and instead focus on official exchange filings. Monitor the stock for volatility but maintain a long-term perspective unless official regulatory action is confirmed.
HCLTech Completes 100% Acquisition of Singapore-based Finergic Solutions
HCL Technologies has successfully completed the acquisition of a 100% stake in Finergic Solutions Pte Ltd, a Singapore-based firm. The transaction was executed through its wholly-owned subsidiary, HCL Singapore Pte Ltd, following an initial announcement made on January 23, 2026. The deal was finalized on March 6, 2026, at 10:30 a.m. IST. This acquisition is part of HCLTech's strategy to expand its global footprint and service capabilities in the Southeast Asian market.
Key Highlights
Acquisition of 100% stake in Finergic Solutions Pte Ltd is now complete.
The transaction was carried out by HCL Singapore Pte Ltd, a wholly owned subsidiary.
The acquisition was finalized on March 6, 2026, following the initial January 2026 announcement.
Finergic Solutions is headquartered in Singapore, enhancing HCLTech's regional presence.
💼 Action for Investors
Investors should view this as a positive step in HCLTech's inorganic growth strategy; monitor future earnings for the integration's impact on regional revenue.
eClerx Shareholders Approve Bonus Issue and Director Re-appointment via Postal Ballot
eClerx Services Limited has announced that its shareholders have approved all three proposed resolutions via postal ballot with an overwhelming majority. The most significant approval is for the issuance of bonus shares, which received 98.68% votes in favor. Additionally, shareholders cleared the re-appointment of Mr. Srinjay Sengupta as an Independent Director for a second five-year term and approved amendments to the 2022 Employee Stock Scheme. The high voter turnout of 87.44% indicates strong participation from promoters and institutional investors.
Key Highlights
Issue of Bonus Shares approved with 98.68% of total votes in favor.
Re-appointment of Mr. Srinjay Sengupta as Independent Director passed with 99.09% majority.
Amendments to the Employee Stock Scheme/Plan 2022 received 99.25% approval.
Total voter participation stood at 87.44% of the total 47,025,359 outstanding shares.
💼 Action for Investors
Investors should look out for the upcoming announcement regarding the record date for the bonus share issuance. The high approval rates for governance and incentive schemes reflect strong shareholder confidence in the current management.
Asian Granito Faces Gas Supply Restrictions Due to Middle East Conflict; Production Impacted
Asian Granito has been notified by Gujarat Gas and Sabarmati Gas regarding gas supply limitations due to force majeure from Middle East tensions. The restrictions affect Daily Contracted Quantity (DCQ) and Non-MGO gas usage at certain manufacturing units, potentially impacting production. However, the company is currently fulfilling orders through existing inventory and exploring alternate fuel sources. Management does not expect a material impact on overall operations at this time but continues to monitor the situation.
Key Highlights
Received force majeure notice from Gujarat Gas and Sabarmati Gas regarding supply restrictions.
Limitations imposed on Daily Contracted Quantity (DCQ) and Non-MGO gas usage for manufacturing.
Current dispatches remain unaffected as the company utilizes existing inventory levels.
Actively evaluating and implementing alternate fuel options to mitigate production downtime.
No material impact on overall business operations anticipated based on current assessments.
💼 Action for Investors
Monitor the duration of the gas supply disruption and the cost implications of switching to alternate fuels. Any prolonged restriction could pressure operating margins in the upcoming quarters.
Rustomjee Signs GTB Nagar Redevelopment Pact with MHADA; GDV Estimated at INR 4,521 Crores
Keystone Realtors (Rustomjee) has formally signed the Development and Construction Agreements with MHADA for the redevelopment of GTB Nagar in Sion, Mumbai. The project spans 11.54 acres and is expected to unlock a significant saleable area of approximately 20.7 lakh square feet. With an estimated Gross Development Value (GDV) of INR 4,521 Crores, this project significantly strengthens the company's pipeline in central Mumbai. The development will benefit over 1,200 existing members and utilizes modern aluminum formwork technology for construction.
Key Highlights
Estimated Gross Development Value (GDV) of approximately INR 4,521 Crores.
Unlocks a saleable area of ~20.7 lakh square feet on an 11.54-acre plot in Sion.
Project involves the redevelopment of housing for over 1,200+ existing members in collaboration with MHADA.
Executed through wholly owned subsidiary Keymidtown Developers Private Limited.
Strengthens Rustomjee's position as a leader in the Mumbai Metropolitan Region (MMR) redevelopment space.
💼 Action for Investors
Investors should view this as a significant milestone that provides long-term revenue visibility and validates the company's asset-light redevelopment strategy. Monitor execution timelines and sales velocity in the Sion micro-market to track the realization of the projected GDV.
Shyam Metalics Feb 2026: Strong Realization Growth Offsets Mixed Volume Performance
Shyam Metalics reported a robust increase in average realizations across all segments for February 2026, with Stainless Steel and Pig Iron leading at 18.8% and 15.6% YoY growth respectively. Volume performance was mixed; CR Coil/Sheets and Pig Iron saw massive YoY jumps of 169% and 75%, while Aluminium Foil and Sponge Iron volumes declined. A notable concern is the 45.3% MoM drop in Pellet volumes, although YoY growth remains positive at 30.7%. The company continues to benefit from its diversified product mix and integrated operations.
Key Highlights
Stainless Steel realizations rose 18.81% YoY to Rs. 1,53,537/MT despite a 3.1% volume dip
CR Coil/Sheets volumes grew by 169.15% YoY to 15,221 MT with realizations up 14.58%
Pig Iron sales volume increased 75.36% YoY with a 15.63% rise in realizations
Pellet volumes grew 30.67% YoY to 60,613 MT but fell 45.3% on a MoM basis
Carbon Steel volumes showed steady growth of 7.88% YoY with realizations up 4.7%
💼 Action for Investors
Investors should monitor if the improved realizations can continue to offset volume volatility in key segments like Pellets and Aluminium Foil. The stock remains a long-term play on integrated steel capacity and value-added product expansion.