Several Indian companies announced key business developments, strategic acquisitions, and corporate governance updates, reflecting continued expansion and operational changes across the financial services, technology, and manufacturing sectors.
Online brokerage firm Angel One reported strong year-on-year growth in its February 2026 business update. The company’s client base rose 20.8% year-on-year to 36.93 million, highlighting continued retail participation in the Indian capital markets.
Gross client acquisition stood at 0.57 million, reflecting a 22.9% month-on-month decline but a 17.8% year-on-year increase. The company’s average client funding book declined 3% month-on-month to ₹59.33 billion, although it recorded a 46.4% year-on-year increase, indicating sustained leverage demand from retail traders.
Trading activity also remained robust. Total orders reached 144.01 million, marginally down 1.8% month-on-month but up 45.1% year-on-year. Meanwhile, the company’s Average Daily Turnover (ADTO) surged 88.4% year-on-year to ₹55,743 billion, driven largely by derivatives activity.
Notably, option premium turnover ADTO jumped 113.5% year-on-year to ₹1,777 billion, while the company achieved a lifetime high retail equity turnover market share of 20.8%, along with sequential gains in commodity market share.
In the technology sector, AccelerateBS India Limited announced a strategic global expansion through its wholly owned subsidiary Accelerate Next Inc, which acquired 100% stake in Beanstalk Web Solutions LLC, a U.S.-based digital technology firm headquartered in St. Louis, Missouri.
The acquisition, completed on March 6, 2026, was valued at $1.5 million (approximately ₹13.84 crore) and was executed through cash payments in tranches. Following the deal, Beanstalk Web Solutions LLC becomes a step-down subsidiary of AccelerateBS India Limited.
Founded in 2013, the U.S.-based firm specializes in digital transformation services, custom web and mobile application development, managed cloud hosting, and data-driven digital marketing solutions. The company reported a turnover of ₹15.12 crore for FY25, maintaining stable revenue performance over the past three fiscal years.
According to the company, the acquisition aligns with its long-term growth strategy, international expansion plans, and efforts to strengthen its digital technology capabilities, while also enabling access to new global customers.
In another corporate development, promoter Harjinder Singh Jonjua of Jonjua Overseas Limited transferred 7,03,074 shares (2.70%) on March 5, 2026, through a combination of gift and off-market sale transactions. Following the transfer, his shareholding declined from 18.30% to 15.60% of the company’s total equity capital.
Meanwhile, Ind-Agiv Commerce Ltd announced that its Board of Directors meeting will be held on March 7, 2026, in Mumbai, to consider key corporate changes. The agenda includes accepting the resignation of Director Sushila Rupani, appointing a new director, and accepting the resignation of Executive Director Ranjan Chona.
Additionally, RHI Magnesita India Ltd has initiated a postal ballot process to seek shareholder approval for appointing Alvaro Martin Rivero as a Non-Executive and Non-Independent Director. The e-voting period will run from March 7 to April 5, 2026.
Rivero brings extensive experience in finance and taxation, having previously worked with RHI Magnesita N.V. and Ernst & Young. The company clarified that he will not receive remuneration for this role.
