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BSE Sensex 30 Stocks Regulatory Filings — October 21, 2026

India BSE SENSEX 30

By Gunpowder Editorial ·

4 high priority 10 medium priority 14 total filings analysed

Executive Summary

Across the 14 filings for the BSE SENSEX 30 stream dated 21 October 2026, the dominant story is Eternal Limited, which accounts for five of the 14 filings and carries the most material information: Q2 FY27 headline growth was strong (consolidated revenue from operations of INR 24,138 crore, up roughly 78% YoY; Adjusted Revenue up 76% YoY; Adjusted EBITDA of INR 666 crore, up 197% YoY), but like-for-like growth was a lower 58%, consolidated total comprehensive income swung to a loss of INR (311) crore on fair-value losses, Food delivery EBITDA margin slipped to 5.5% of NOV, and Going Out remained loss-making.

Financial-sector and conglomerate balance sheets show increasing leverage: Reliance's ICRA rating affirmation came with debt rising to Rs. 3,98,000 crore and interest coverage moderating to 5.7x from 6.6x, while Bajaj Finance raised Rs. 2,120 crore via zero-coupon secured NCDs. Defence and infrastructure remain order-driven, with Bharat Electronics adding Rs. 1,011 crore of orders since 13 October and L&T winning two large public-sector building contracts whose values were undisclosed. Governance and cyber risk surfaced at State Bank of India, where a data-loss incident involved 3,897 customer PII records, though management says there is no material impact. Most other filings are procedural (earnings call intimations, postal ballots, monitoring reports), so the actionable signal set is concentrated in Eternal, Reliance, SBI, BEL and L&T.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Company update · Corporate governance · Debt securities · M&A

Tracking the trend? Catch up on the prior BSE Sensex 30 Stocks Regulatory Filings digest from October 20, 2026.

Investment Signals (9)

  • ▲

    Q2 FY27 consolidated revenue from operations of INR 24,138 crore (up ~78% YoY from INR 13,590 crore) and Adjusted EBITDA of INR 666 crore (up 197% YoY, up 20% QoQ); food delivery NOV grew 21.5% YoY with five consecutive quarters of acceleration

  • Fresh orders of Rs. 1,011 crore disclosed under Regulation 30 since 13 October 2026, spanning radar, communication equipment, sonar and jammers, reinforcing order momentum in a Navratna defence PSU

  • Two new PAH-vertical wins, the Common Central Secretariat buildings 4 and 5 (32.8 lakh sq. ft., 24-month EPC with five-year O&M) and the Amaravati quantum-centre office towers (37.5 lakh sq. ft., 30-month design & build), add sizeable floor-area pipeline, though order values were not disclosed

  • ▲

    Consolidated total comprehensive income swung to INR (311) crore from INR 87 crore a year earlier, driven by a INR (323) crore fair-value loss on equity instruments through OCI, while Going Out segment loss widened to INR (55) crore

  • Interest coverage fell to 5.7x in Q1 FY2027 from 6.6x in FY2026 and debt rose to Rs. 3,98,000 crore; ICRA warns net debt/OPBITDA above 2.5x on a sustained basis could trigger a downgrade, even as the AAA rating was reaffirmed and rated facilities expanded to Rs. 72,000 crore

  • Allotted Rs. 2,120 crore of secured zero-coupon NCDs (212,000 instruments, 1,826-day tenor maturing 21 October 2031) with a first pari-passu charge on book debts, a sign of continued wholesale funding access with no reported defaults

  • ▲

    Mixed margin signal: Food delivery Adjusted EBITDA margin declined marginally to 5.5% of NOV despite profit growth, and like-for-like Adjusted Revenue growth was 58% YoY versus 76% headline due to the shift to an inventory-owning 1P quick-commerce model

  • Dark-web exposure of about 375,000 records, of which 3,897 customer PII records were identified; the bank engaged a CERT-In-empanelled agency and says there is no material impact, which limits near-term financial risk but raises reputational and regulatory questions

  • ▲

    Corporate actions are consolidating the group: Going Out India business is being slump-sold to wholly owned ZEPL for about INR 130.76 crore, and Adonmo stake is swapped for ~4.4% of merged Mygate valued at INR 156 crore against an original INR 112 crore investment, implying a modest mark-up

Risk Flags (8)

  • Headline revenue growth of 76% versus like-for-like 58% reflects accounting-driven inflation from the 1P inventory-owning model; the gap should be modelled before extrapolating top-line growth

  • Consolidated total comprehensive income loss of INR (311) crore in Q2 FY27 versus INR 87 crore a year earlier, plus a GST demand dispute of roughly INR 553 crore, leaves reported bottom-line quality uncertain

  • Food delivery EBITDA margin declined to 5.5% of NOV and the Going Out segment remains loss-making at INR (55) crore, indicating that profit growth is not yet broad-based across segments

  • Debt climbed to Rs. 3,98,000 crore with cash slightly lower at Rs. 2,46,791 crore (from Rs. 2,49,704 crore), and E&P profitability moderated due to natural KG-D6 gas decline; any debt-funded capex or acquisition that lifts net debt/OPBITDA above 2.5x could trigger a downgrade

  • Data-loss incident exposing PII of 3,897 customers (names, DOB, addresses, mobile numbers, loan metadata) with records surfaced on the dark web; regulatory scrutiny under data-protection and RBI frameworks is likely to follow

  • Unresolved GST demand of roughly INR 553 crore remains a contingent liability; any adverse ruling would hit reported profit directly

  • Unutilised QIP proceeds of Rs. 1,453.36 crore remain parked in fixed deposits and liquid instruments while cumulative GCP spend totals Rs. 1,767.69 crore; continued slow deployment could draw investor questions on capital efficiency

  • No financial figures were disclosed in the intimation, so the 28 October results will be the first quantitative read for the quarter; absence of pre-announced guidance leaves limited information on margin direction

Opportunities (8)

  • Quick commerce external revenue rose to INR 19,152 crore from INR 9,891 crore YoY and Food delivery NOV grew 21.5% with five quarters of acceleration; if margin discipline holds in 1P, the scale benefit could drive operating leverage

  • Rs. 1,011 crore of new orders within about nine days of the previous disclosure signals a steady order cadence; the Navratna status and government demand support multi-year revenue visibility

  • Central Secretariat (32.8 lakh sq. ft.) and Amaravati (37.5 lakh sq. ft.) awards together total roughly 70 lakh sq. ft. of new built-up area, with the Delhi EPC contract adding five-year O&M annuity revenue beyond construction

  • Facilities expanded from Rs. 22,000 crore to Rs. 72,000 crore with AAA reaffirmed, providing ample liquidity headroom for digital and retail growth, where digital services and retail now contribute about 53% of consolidated segment EBITDA

  • The slump sale of Going Out India into ZEPL and the Mygate share swap (4.4% stake worth INR 156 crore) reduce complexity and crystallise value; completion of the Adonmo-Mygate definitive agreements by 31 October 2026 is a near-term catalyst

  • Zero-coupon structure on a Rs. 2,120 crore issue defers cash interest outflow until 2031, which can support near-term net interest margin if the funds are deployed into loan growth

  • The V&V for Auto offering, built on NVIDIA's simulation stack, targets software-defined-vehicle validation for OEMs and Tier 1 suppliers, adding a new monetisable AI service line on a consolidated revenue base of USD 14.8 billion

  • With the segment still loss-making and the business moving into a subsidiary, management has an opening to restructure or rationalise its losses, which could narrow consolidated drag over subsequent quarters

Sector Themes (5)

  • Consumer Platforms Shift to Inventory Ownership
    ◆

    Eternal's 1P quick-commerce model drives headline revenue growth well above like-for-like growth (76% vs 58%), signalling that marketplace-led reported revenue comparisons across the consumer internet space will increasingly be distorted by business-model mix; investors should normalise top-line growth before comparing peers

  • Leverage Rising Alongside Digital Capex in Conglomerates
    ◆

    Reliance's debt has risen to Rs. 3,98,000 crore with interest coverage down to 5.7x, reflecting capitalised digital assets raising net interest cost; the 2.5x net debt/OPBITDA ceiling set by ICRA is a useful threshold for monitoring similarly positioned large-cap capex programmes

  • Defence and Public-Sector Order Momentum
    ◆

    BEL's Rs. 1,011 crore of fresh orders and L&T's government building awards (CPWD and Andhra Pradesh) show continued state-led demand in defence and infrastructure, supporting order-book visibility for PSU and EPC names

  • Financial Sector Funding and Governance Pressure
    ◆

    Bajaj Finance's Rs. 2,120 crore zero-coupon NCD issue shows lenders are still accessing wholesale debt markets, while SBI's data-loss incident and HDFC Bank's independent director re-appointment under RBI Governance Directions 2025 highlight heightened regulatory and governance focus in banking and NBFCs

  • Corporate Governance and Disclosure Activity
    ◆

    Five filings are procedural (earnings call intimations, postal ballots, schedule notices) and one is a monitoring agency report, indicating a dense results season; investors should focus on the substantive disclosures (Eternal, Reliance, SBI) where quantitative content is available

Watch List (8)

Filing Analyses (14)
Hindustan Unilever Limited Analyst/Investor Meet neutral materiality 2/10

21-10-2026

Hindustan Unilever Limited has intimated that its earnings conference call and analyst/investor presentation on the financial results for the quarter and half year ended 30 September 2026 will be held on Wednesday, 28 October 2026, after the Board Meeting. Dial-in details are available on the company's website. The letter is an administrative intimation and contains no financial figures.

  • · Earnings conference call scheduled for Wednesday, 28 October 2026, held after the Board Meeting
  • · Covers results for quarter and half year ended 30 September 2026
  • · Earlier intimation of this presentation was made in a letter dated 7 October 2026
ETERNAL LIMITED Market Notice neutral materiality 4/10

21-10-2026

Eternal Limited (formerly Zomato Limited) filed a monitoring agency report from ICRA Limited covering utilization of proceeds from its November 2024 qualified institutions placement (QIP) for the quarter ended September 30, 2026. The report finds no deviation from the objects of the issue, with proceeds of Rs. 8,436.12 Crore (net, against a Rs. 8,500.00 Crore gross issue size at Rs. 252.62 per share) being used as disclosed in the placement document. Cumulative deployment includes Rs. 1,767.69 Crore of General Corporate Purpose spending on employee benefit and other expenses, while Rs. 1,453.36 Crore remains parked in fixed deposits, corporate deposits, government securities and liquid funds earning roughly 5% to 8.1%.

  • · Cumulative GCP utilization of Rs. 1,767.69 Crore spans eight quarters from Q3 FY25 through Q2 FY27, with the largest single quarter at Rs. 286.09 Crore (Q2 FY26)
  • · Unutilized proceeds carry a market value of Rs. 1,649.48 Crore versus Rs. 1,453.36 Crore invested, implying roughly Rs. 196 Crore of accrued returns
  • · Dark Stores and warehouse, marketing, and technology allocations are all marked 'Upto FY26 - FY28' with completion status on schedule and no delays reported
  • · ICRA reports no deviation from objects, no major deviation over earlier reports, no change in means of finance, and no unfavorable events affecting object viability
  • · Monitoring agency declines to audit or independently verify information, relying on management confirmations, statutory auditor certificates and bank statements
Bharat Electronics Limited Market Notice positive materiality 6/10

21-10-2026

Bharat Electronics Limited (BEL), a Navratna Defence PSU, disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015 that it has secured additional orders worth Rs. 1011 Crore since its last disclosure on 13 October 2026. Major orders include the Improved Low Level Light Weight Radar, communication equipment, sonar, jammers, upgrades, spares and services. The filing contains no comparative prior-period financial metrics.

  • · Previous order disclosure was made on 13 October 2026
  • · Filing made under Regulation 30 of SEBI (LODR) Regulations, 2015, and submitted to both NSE and BSE
  • · BEL is a Government of India enterprise under the Ministry of Defence
Reliance Industries Limited Company Update mixed materiality 7/10

22-10-2026

ICRA Limited reaffirmed [ICRA]AAA (Stable) on Reliance Industries Limited's Rs. 12,000 crore non-convertible debenture programme and [ICRA]A1+ on its Rs. 10,000 crore commercial paper programme, and assigned [ICRA]AAA (Stable) to new bank loan facilities of Rs. 50,000 crore, taking total rated facilities to Rs. 72,000 crore from Rs. 22,000 crore previously. The rating reflects a diversified earnings mix in which digital services and retail now account for roughly 53% of consolidated segmental EBITDA, while ICRA flags that debt rose to Rs. 3,98,000 crore and interest coverage moderated to 5.7x in Q1 FY2027, with the sensitivity that a debt-funded capex or acquisition pushing net debt/OPBITDA above 2.5x on a sustained basis could trigger a downgrade.

  • · Interest coverage fell to 5.7x in Q1 FY2027 from 6.6x in FY2026, driven by higher net interest cost from capitalisation of digital services assets
  • · Cash and cash equivalents declined slightly to Rs. 2,46,791 crore as on June 30, 2026 from Rs. 2,49,704 crore as on March 31, 2026
  • · E&P profitability moderated in FY2026 due to natural decline in KG-D6 gas volumes
  • · Quick commerce has intensified competitive pressure in retail, where margins remain modest
  • · Large new energy and AI-led digital infrastructure investments are flagged as a key monitorable
  • · Jio Platforms IPO proceeds are expected to be used largely to repay RJIL borrowings, providing consolidated deleveraging
  • · Downgrade trigger: net debt/OPBITDA sustained above 2.5x or a significantly large debt-funded capex or acquisition
State Bank of India Market Notice mixed materiality 6/10

21-10-2026

State Bank of India disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015 that it experienced a data loss incident after alerts received on 16 October 2026 indicated that approximately 375,000 records were available on the dark web, of which 3,897 customer records containing Personally Identifiable Information (PII) were identified. The Bank states the incident has no material impact on core business operations, financial performance, or business continuity, while a detailed assessment and remedial measures are underway.

  • · Exposed PII reportedly includes registered mobile numbers, dates of birth, names, gender, email addresses, residential addresses, branch and CIF identifiers, lead IDs, and loan/lead metadata
  • · The Bank engaged an independent CERT-In-empanelled cybersecurity agency to investigate the nature and extent of the alleged compromise
  • · The Bank states it will take all appropriate measures in accordance with applicable regulatory requirements
Larsen & Toubro Limited Others positive materiality 5/10

21-10-2026

L&T's Public Spaces, Airports & Health (PAH) vertical has secured two large orders in India: the construction of Common Central Secretariat buildings 4 and 5 along Kartavya Path in New Delhi, awarded by the Central Public Works Department, with a total built-up area of 32.8 lakh sq. ft. and a 24-month completion schedule; and two office towers beside the Amaravati Quantum Computing Centre in Andhra Pradesh, awarded by the Government of Andhra Pradesh on a design & build basis, with a total built-up area of 37.5 lakh sq. ft. and a 30-month completion schedule. The filing does not disclose order values, so the financial materiality of the wins cannot be quantified from the document.

  • · New Delhi order is on an EPC basis with a five-year operation and maintenance period after completion
  • · Amaravati order is a design & build contract with L&T scope limited to shell and core works
  • · Both orders were awarded to L&T's PAH business vertical, with the New Delhi order from the Central Public Works Department and the Amaravati order from the Government of Andhra Pradesh
  • · The filing references L&T's order classification scale (Significant to Ultra-Mega), but does not state which category these orders fall into
HDFC Bank Limited Corporate Governance neutral materiality 3/10

21-10-2026

HDFC Bank Limited has issued a Postal Ballot Notice dated October 17, 2026, seeking shareholder approval via remote e-voting for a Special Resolution to re-appoint Mrs. Lily Vadera (DIN: 09400410) as an Independent Director for a three-year term from November 26, 2026 to November 25, 2029, not liable to retire by rotation. E-voting runs from October 22, 2026 (10:00 A.M. IST) to November 20, 2026 (5:00 P.M. IST), facilitated by NSDL. The filing is a routine governance disclosure with no financial metrics reported.

  • · Resolution requires a Special Resolution, indicating a high approval threshold under the Companies Act, 2013.
  • · Re-appointment is made under Sections 149, 152 and 160 of the Companies Act, 2013, and Banking Regulation Act, 1949 (Section 10A), and is subject to RBI Commercial Banks Governance Directions, 2025.
  • · Cut-off date for voting eligibility is Friday, October 16, 2026.
  • · Documents for inspection may be requested by email until 5:00 p.m. IST on November 20, 2026.
  • · Notice was filed simultaneously with BSE and NSE and copied to NYSE and SGX, indicating dual-listing disclosure obligations.
Bajaj Finance Limited Debt Securities neutral materiality 5/10

21-10-2026

Bajaj Finance Limited's Debenture Allotment Committee allotted 2,12,000 secured, zero-coupon, redeemable non-convertible debentures (NCDs) of face value Rs. 1 Lakh each, aggregating Rs. 2,120 crore, on a private placement basis on 21 October 2026. The NCDs have a tenure of 1,826 days, mature on 21 October 2031, and are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. The filing reports no delays, defaults, or adverse comments on payments or security.

  • · ISIN assigned: INE296A07UG8
  • · Security: first pari-passu charge on book debts/loan receivables, with security cover not less than 1.00 time the aggregate outstanding value of debentures issued under the Shelf Placement Memorandum
  • · No coupon; principal repayable in full on maturity, 21 October 2031, with no interim interest payments
  • · No special rights, privileges, or default/delay in payment reported; no letters or comments from trustees or others on payment status
ETERNAL LIMITED Corporate Governance mixed materiality 8/10

21-10-2026

Eternal Limited (formerly Zomato Limited) filed a shareholders' letter dated October 21, 2026 under Regulation 30 of the SEBI LODR Regulations. The letter addresses the Q2FY27 results (quarter ending September 30, 2026), reporting consolidated B2C NOV of INR 35,644 crore (up 54% YoY), Adjusted Revenue of INR 24,621 crore (up 76% YoY and 19% QoQ), and Adjusted EBITDA of INR 666 crore (up 197% YoY and 20% QoQ). Management also flagged that like-for-like Adjusted Revenue growth was a lower 58% YoY, with the gap attributed to the shift to a 1P (inventory-owning) model in quick commerce. The letter also discusses a new encrypted AI product (dark.ai) and management's view on the threat posed by AI shopping agents to its businesses.

  • · Like-for-like Adjusted Revenue growth of 58% YoY versus headline 76%; the gap reflects the quick commerce shift to inventory ownership (1P model), where revenue includes full value of goods sold.
  • · Food delivery Adjusted EBITDA margin declined marginally to 5.5% of NOV, a negative datapoint despite profit growth.
  • · Food delivery NOV growth of 21.5% YoY, with growth acceleration continuing for five consecutive quarters.
  • · Management acknowledges District (going-out) is in a medium-to-high risk zone from AI agentic commerce, while food delivery and quick commerce are characterised as low risk.
  • · dark.ai is an encrypted AI product intended to launch globally, hopefully within 2026; benchmarks not yet disclosed.
HCL Technologies Limited Market Update positive materiality 3/10

21-10-2026

HCLTech announced the launch of its AI-powered Verification and Validation (V&V) offering for Auto, built on NVIDIA's simulation stack, agentic AI and open models, targeting automotive OEMs and Tier 1 suppliers. The offering aims to automate software validation workflows, expand virtual test coverage and accelerate software-defined vehicle releases. The filing contains no financial results or quantified deal values; the only figure disclosed is consolidated revenue of $14.8 billion for the 12 months ending September 2026.

  • · The offering uses simulation to generate rare and safety-critical scenarios in virtual environments, reducing reliance on physical testing
  • · The solution orchestrates multiple AI agents with reasoning powered by NVIDIA Nemotron open models across the V&V lifecycle
  • · The filing is a stock exchange intimation attaching a press release; it does not disclose financial impact or deal value
ETERNAL LIMITED Corporate Governance mixed materiality 8/10

21-10-2026

Eternal Limited (formerly Zomato) reported consolidated revenue from operations of INR 24,138 crore for Q2 FY27 (quarter ended September 30, 2026), up from INR 13,590 crore a year earlier, while consolidated profit for the period was INR 125 crore versus INR 65 crore in the prior-year quarter. Standalone revenue from operations was INR 3,663 crore and standalone profit for the period was INR 641 crore for the quarter. The results are mixed: top-line growth is strong, driven largely by Quick commerce (INR 19,152 crore external revenue), but consolidated total comprehensive income turned to a loss of INR (311) crore in the quarter, and the company remains exposed to a GST demand dispute of roughly INR 553 crore in total.

  • · Quick commerce external revenue rose to INR 19,152 crore in Q2 FY27 from INR 9,891 crore a year earlier, while Hyperpure (B2B) revenue fell to INR 1,154 crore from INR 1,023 crore on a quarter-on-quarter basis and India food ordering and delivery grew to INR 3,396 crore.
  • · Going Out segment remained loss-making with segment results of INR (55) crore in the quarter.
  • · Consolidated Total comprehensive income swung to a loss of INR (311) crore in Q2 FY27 versus INR 87 crore a year earlier, driven by a INR (323) crore fair-value loss on equity instruments through OCI.
  • · Consolidated cash flow from operations was INR 278 crore for the half year, with a large INR 1,656 crore outflow on capex, while standalone operating cash inflow was INR 2,442 crore.
  • · GST exposure: orders of INR 420 crore (Oct 2019 to Mar 2022, all states), INR 14 crore (Andhra Pradesh, Apr 2022 to Mar 2024) and show-cause notices of INR 119 crore (Apr 2022 to Mar 2023), with the company contesting them and the auditor drawing attention to the matter without modifying its conclusion.
  • · Standalone profit before tax for Q2 FY27 was INR 855 crore, up from INR 771 crore a year earlier, though standalone PAT declined year-on-year due to higher tax expense.
ETERNAL LIMITED Market Update mixed materiality 8/10

21-10-2026

Eternal Limited (formerly Zomato) reported consolidated revenue from operations of ₹24,138 Cr for the quarter ended September 30, 2026, up roughly 78% YoY from ₹13,590 Cr, and ₹44,349 Cr for the half-year, up from ₹20,757 Cr. Consolidated profit for the period was ₹125 Cr for the quarter versus ₹65 Cr a year earlier, though half-year profit of ₹217 Cr was well below the prior-year ₹90 Cr only in direction, not magnitude; comprehensive income was negative at ₹(311) Cr for the quarter due to fair-value losses on equity instruments and debt instruments through OCI. Standalone revenue from operations rose to ₹3,663 Cr in the quarter from ₹2,650 Cr, but standalone profit for the period fell to ₹641 Cr from ₹691 Cr YoY, and standalone half-year profit was ₹1,226 Cr versus ₹1,293 Cr.

  • · Quick commerce revenue rose to ₹19,152 Cr in Q2 from ₹9,891 Cr YoY, while Hyperpure B2B revenue was ₹1,154 Cr versus ₹1,023 Cr YoY.
  • · Going Out segment revenue was ₹304 Cr in Q2 versus ₹189 Cr YoY, but its segment loss widened to ₹(55) Cr from ₹(57) Cr-equivalent levels with continued losses.
  • · Consolidated Q2 PAT of ₹125 Cr compares with ₹190 Cr-level sequential declines in some segments; consolidated half-year PBT rose to ₹595 Cr from ₹217 Cr.
  • · Consolidated comprehensive loss for Q2 was ₹(311) Cr, driven by ₹(323) Cr of OCI losses on equity instruments and ₹(154) Cr on debt instruments.
  • · Standalone other income rose to ₹635 Cr in Q2 from ₹436 Cr YoY, while standalone employee benefits expense increased to ₹485 Cr from ₹352 Cr.
  • · Consolidated Q2 employee benefits expense rose to ₹1,146 Cr from ₹865 Cr YoY; delivery and related charges increased to ₹3,581 Cr from ₹2,213 Cr.
  • · Auditor's review report contains an emphasis-of-matter paragraph on GST demands for delivery charges; conclusion not modified.
  • · Standalone results include an unaudited ESOP trust with total assets of ₹35 Cr, not considered material by management.
ETERNAL LIMITED Merger/Acquisition neutral materiality 5/10

21-10-2026

Eternal Limited's board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with two transactions: a slump sale of the Going-out India business to its wholly owned subsidiary Zomato Entertainment Private Limited (ZEPL) for cash consideration of approximately INR 130.76 crore, and a share swap in which the company exchanges its stake in Adonmo Private Limited for shares in Vivish Technologies Private Limited (Mygate), leaving it with an approximately 4.4% fully diluted stake in the merged Mygate entity valued at INR 156 crore. The Mygate transaction is a step toward a proposed merger of Adonmo and Mygate, and the company had originally invested INR 112 crore in Adonmo in January 2022.

  • · Going-out India business from OTPL and WEPL will also be consolidated into ZEPL, subject to board evaluation of implementation means
  • · Slump sale BTA expected to complete within 30 days of execution; Adonmo-Mygate transaction definitive agreements due by October 31, 2026, with completion on or before December 5, 2026
  • · Identified Business revenue of INR 587 Cr (5.39% of standalone revenue) and net worth of INR 8 Cr (0.02%) indicate a small segment relative to the Company
  • · Transaction is a related-party transaction with ZEPL and is stated to be at arm's length under Income-tax Rules valuation; Mygate deal is not a related-party transaction
  • · Mygate revenue grew from INR 96 Cr to INR 229 Cr over FY24 to FY26, while the Company's Adonmo stake is exchanged at a current value of INR 156 Cr against an INR 112 Cr original cost
Maruti Suzuki India Limited Company Update neutral materiality 3/10

21-10-2026

Maruti Suzuki India Limited has scheduled an earnings call for analysts and investors to discuss Q2 FY2026-27 results on Tuesday, 27 October 2026 at 5:45 p.m. The filing is a procedural schedule notice submitted to the NSE and BSE and contains no financial results, operating metrics, or period-over-period comparisons.

  • · Earnings call date: Tuesday, 27 October 2026 at 05:45 p.m.
  • · Call covers Quarter 2 of FY 2026-27

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