Executive Summary
Overnight filings from September 15-16, 2026 reveal a strong positive tilt driven by regulatory catalysts and strategic corporate actions, particularly in the solar energy and digital payments sectors.
A landmark NPCI circular introducing MDR on large UPI transactions creates a significant revenue opportunity for Paytm, while Vikram Solar’s ₹1,250 crore supply agreement and Clean Max’s RPT clarification signal robust activity in the renewable energy supply chain. Deal activity is pronounced across multiple sectors: Tilaknagar Industries is building a 30% stake in a craft spirits distillery, RPG Life Sciences completed a slump-sale acquisition, and a major open offer for Tribhovandas Bhimji Zaveri at ₹249.61 per share was filed. Corporate governance remains routine across most filers, with all AGM resolutions passing with overwhelming support (99.9%+). However, the market should watch for insider trading window closures ahead of key board meetings at Rossell Techsys and SAB Events, both of which are considering preferential allotments. The overall portfolio-level signal is moderately bullish, driven by regulatory monetization and aggressive capacity expansion, but individual company risk is concentrated in lower-materiality filings.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate governance · Insider trading · M&A · IPO
Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from September 09, 2026.
Investment Signals (11)
- Paytm (One97 Communications) (BULLISH)▲
NPCI introduces MDR up to 0.4% on UPI P2M transactions >₹2,000 effective Oct 15 2026—this is a direct revenue catalyst for Paytm, which processes millions of merchant transactions daily. Management will quantify impact soon.
- Vikram Solar ↓ (BULLISH)▲
Entered a ₹1,250 crore supply agreement for 1 GW of ALMM-compliant solar cells, backed by its upcoming 9 GW cell facility (Q4 FY27). This is a major volume-driven growth signal in the DCR solar market.
- Tilaknagar Industries ↓ (BULLISH)▲
Completed first tranche of ₹22 crore investment in Black Tiger Distilleries, acquiring ~12.5% stake. Targets 30% total stake—this is a disciplined step into premium craft spirits via a structured minority build-up.
- RPG Life Sciences ↓ (BULLISH)▲
Completed slump-sale acquisition of Raghava Life Sciences' API and intermediates business effective Sep 16, 2026. This vertical integration move (via subsidiary RPGAP) strengthens its pharma supply chain.
- Cupid Limited ↓ (BULLISH)▲
Promoter Aditya Kumar Halwasiya acquired 5,90,000 shares in open market, raising promoter holding from 46.83% to 46.87% with zero pledged shares. Insider buying at current levels indicates management conviction.
- Apollo Micro Systems ↓ (BULLISH)▲
High Court upheld AMS as L-1 bidder for a DRDO tender, rejecting competitor's petition. Positive legal outcome removes overhang; company has a 4-decade track record and developed PBMM-NG technology.
- Coforge Limited ↓ (NEUTRAL TRENDING BULLISH)▲
Hosting exclusive 'Operationalizing Enterprise Autonomy' analyst briefing on Sep 17, 2026, focusing on AI agentic operations—signals product/strategy pivot. Investors should monitor for forward guidance.
- SAB Events & Governance Now Media ↓ (SPECULATIVE)▲
Board meeting Sep 18 to consider preferential issue and merger shares (436:100 ratio), following NCLT-approved resolution plan. High materiality event in a distressed asset turnaround.
- Exide Industries ↓ (BULLISH)▲
Long-term strategic cooperation with ExCom Germany to jointly address EEA industrial battery and ESS market. Initially focused on traction/stationary, with future advanced chemistry plans. Opens European distribution channel.
- Karur Vysya Bank ↓ (BULLISH)▲
Received independent ESG rating of 76.74/100 from SEBI-registered Niche99—higher than many peers. This unengaged rating adds credibility and could attract ESG-focused institutional flows.
- Tribhovandas Bhimji Zaveri ↓ (ARBITRAGE OPPORTUNITY)▲
Open offer from GRT Jewellers at ₹249.61/share for 25.88% stake—premium to market? Offer opens Oct 26, closes Nov 6, subject to CCI approval. Arbitrage opportunity if discount narrows.
Risk Flags (8)
- SAB Events & Governance Now Media↓ [HIGH RISK]▼
High-risk scenario: Board meeting Sep 18 to finalize merger share exchange (436:1) and preferential issue under IBC resolution plan. Extreme dilution risk for existing shareholders.
- Rossell Techsys↓ [MODERATE RISK]▼
Trading window closed from Sep 15 until 48 hours after Board meeting Sep 18 on preferential allotment—insiders restricted. Lack of transparency on pricing and investor identity adds uncertainty.
- Ethos Limited↓ [LOW-MODERATE RISK]▼
Public non-institutional shareholder voting turnout was only 0.51% of votes polled—extremely low retail participation despite 46,335 shareholders. Signals potential disengagement or lack of awareness; governance risk.
- GTT Data Solutions (formerly Cinerad Communications) [LOW RISK]▼
Only 46 public shareholders attended AGM out of 5,463 total—extremely low engagement. Name change and lack of institutional interest suggest a micro-cap with limited float and governance scrutiny.
- Edelweiss Financial Services↓ [RESOLVED RISK]▼
Subsidiary Comtrade settled NSEL proceedings with SEBI—while no financial impact (no business since 2019), the regulatory overhang is now resolved but shows historical compliance weakness.
- Indigo Paints↓ [VERY LOW RISK]▼
Small percentage of invalid/abstained votes across all resolutions—minor, but consistent pattern across AGMs could indicate shareholder confusion or process issues.
- Riga Sugar Company↓ [MODERATE RISK]▼
Recommenced operations after 4-year shutdown, plans a 20 TPD biogas plant—but FY26 audit unqualified. Turnaround risk remains high; no revenue or margin data provided in filing.
- SMC Global Securities↓ [LOW PROCEDURAL RISK]▼
NCD draft prospectus was filed twice (duplicate filings). While not a risk per se, the compressed 1-day public comment window (until 5 PM today) may limit investor scrutiny.
Opportunities (10)
- Paytm (One97 Communications) (STRONG OPPORTUNITY)◆
NPCI MDR circular creates a direct revenue uplift from millions of merchant transactions >₹2,000. With UPI customer adoption still growing, this is a structural earnings catalyst. Management impact disclosure expected soon—filing signals they will act quickly.
- Vikram Solar↓ (STRONG OPPORTUNITY)◆
₹1,250 crore supply deal for 1 GW cells combined with Q4 FY27 9 GW facility ramp—revenue visibility is high. Tier-1 BloombergNEF and PVEL top performer status adds credibility. DCR market tailwind provides pricing power.
- Exide Industries↓ (MODERATE OPPORTUNITY)◆
Strategic cooperation with ExCom Germany for EEA market entry. Exide has manufacturing low-cost base in India; ExCom brings EEA distribution and technical support. First-mover in Indian battery exports to Europe.
- Tilaknagar Industries↓ (MODERATE OPPORTUNITY)◆
Acquiring 30% of Black Tiger Distilleries in tranches—craft spirits is a high-growth niche in India. Structured valuation (₹22 crore for 30% implies ~₹73 crore valuation) appears reasonable for a specialty distillery.
- Apollo Micro Systems↓ (MODERATE OPPORTUNITY)◆
Court validation of L-1 bid status for DRDO tender removes legal uncertainty. Pre-award verification (Clause 6.42) is procedural; PBMM-NG technology moat suggests limited competition. Order inflow catalyst expected.
- Karur Vysya Bank↓ (MODERATE OPPORTUNITY)◆
Independent ESG rating of 76.74 from SEBI-registered agency, higher than many PSU and private peers. No self-declaration bias; could attract ESG-mandated buying from domestic and foreign institutional funds.
- Cupid Limited↓ (SPECULATIVE OPPORTUNITY)◆
Promoter buying 5.9 lakh shares at market with zero pledge—clear alignment with minority shareholders. Company is in condom/medical devices space; insider buying at current levels suggests undervaluation.
- Tribhovandas Bhimji Zaveri (TBZ) (ARBITRAGE OPPORTUNITY)◆
Open offer at ₹249.61/share provides a floor price. If current market price trades below offer, arbitrage play exists. Offer opens Oct 26, closes Nov 6; CCI approval risk is the key variable.
- Coforge Limited↓ (CATALYST WATCH)◆
Analyst briefing on 'Operationalizing Enterprise Autonomy' Sep 17—focus on agentic operations and AI-scale solutions. Positive sector tailwind; if forward guidance is raised, stock may re-rate. Pre-briefing accumulation possible.
- RPG Life Sciences↓ (LONG-TERM OPPORTUNITY)◆
Slump-sale acquisition of API business strengthens vertical integration and reduces raw material dependency at a time when Chinese API supply chains are being de-risked by Indian pharma. Strategic value accretive.
Sector Themes (6)
- Solar Energy Supply Chain Acceleration (HIGH INTENSITY)◆
Two filings (Vikram Solar ₹1,250Cr supply deal, Clean Max RPT corrigendum) signal rapid expansion in solar cell/module procurement. DCR market is key driver. Vikram Solar’s own 9 GW facility (Q4 FY27) indicates capacity race. Expect more supply agreements.
- UPI Monetization Breakthrough (HIGH INTENSITY)◆
NPCI MDR circular (up to 0.4% on transactions >₹2,000) is a landmark policy shift that opens a new revenue stream for fintechs and payment aggregators. Paytm is the primary beneficiary among listed entities. Other merchant acquirers may also benefit.
- Corporate Action Wave: Preferential Allotments & IBC Resolution (MODERATE INTENSITY)◆
Four entities (Rossell Techsys, SAB Events, SMC Global via NCDs, TBZ open offer) are pursuing capital raises or change-of-control transactions. SAB Events’ merger at 436:1 ratio is extreme dilution but part of NCLT resolution. Pattern suggests distressed companies are using IBC to restructure.
- ESG Integration Without Self-Reporting Gains Traction (EMERGING THEME)◆
Karur Vysya Bank’s independent ESG rating of 76.74 (without engaging the agency) is a growing trend—companies with strong public disclosures can earn credible ratings without paying for them. This may pressure laggards to improve disclosures.
- Pharma Vertical Integration via Slump Sales (MODERATE INTENSITY)◆
RPG Life Sciences’ API acquisition is part of a broader push by Indian pharma to backward-integrate. Slump-sale structures avoid asset-by-asset transfer, signaling increased M&A urgency. More consolidation expected in API/intermediates space.
- Luxury & Niche Consumption Deals (LOW-MODERATE INTENSITY)◆
Tilaknagar (craft spirits), TBZ (jewellery via open offer), and Exide (industrial batteries for EEA) all indicate capital flowing towards specialized, high-value consumption segments. Institutional and strategic buyers are targeting niche Indian consumer plays.
Watch List (8)
-
Analyst briefing 'Operationalizing Enterprise Autonomy' on Sep 17, 2026—key to watch for forward guidance on AI-related revenue and margin impact. [Sep 17]
-
Board meeting Sep 18 to decide on preferential allotment—investor identity and pricing will determine stock reaction. Trading window is closed; outcome announcement critical. [Sep 18]
-
Board meeting Sep 18 to approve merger share ratio (436:1) and preferential issue—highly dilutive, watch for investor pushback or alternative proposals. [Sep 18]
-
Open offer timeline: CCI approval status, offer opens Oct 26, closes Nov 6. Price of ₹249.61 is a floor; monitor regulatory updates and competing bids. [Ongoing]
- Paytm (One97 Communications)👁
Management to disclose financial impact of NPCI UPI MDR circular—watch for revenue uplift quantification and any pass-through to merchants. [Next filing expected within days]
-
Post-High Court order, monitor for DRDO pre-award verification completion and actual order announcement—potential revenue catalyst. [Next few weeks]
-
Execution on 1 GW supply deal and progress on 9 GW cell facility (Q4 FY27)—delay or cost overruns would be negative. [Ongoing]
-
E-voting for director reappointments runs Sep 17 to Oct 16—results by Oct 20. Watch for any dissident shareholder activity, though unlikely. [Results by Oct 20]
Filing Analyses
(29)
15-09-2026
Clean Max Enviro Energy Solutions Ltd issued a clarification/corrigendum to its Postal Ballot Notice dated 17 August 2026, correcting the tenure details for certain related party transactions (RPTs). The correction specifies that the tenure for Engineering, Procurement and Construction (EPC) and equity infusion transactions is 3 years, commencing from the earlier of the approval date or the signing date of the underlying Power Purchase Agreement (PPA). No financial figures were provided, and no other changes to the resolutions were made.
- · The corrigendum specifically corrects items for serial numbers 10 (EPC), 11 (Equity Infusion), and 12 (Purchase of Modules/Transfer of Material/Stock) on page 63 of the original Postal Ballot Notice dated 17 August 2026.
- · The corrected tenure for these transactions is 3 years, starting from the earlier of the date of approval or the signing of the underlying PPA.
15-09-2026
Vikram Solar Limited has entered into a domestic solar cell supply agreement with Avaada Electro Limited to procure 1 GW of ALMM-compliant N-Type G12R TOPCon solar cells, valued at approximately ₹1,250 crore. Deliveries are scheduled to commence in September 2026, strengthening Vikram Solar's supply chain for the Domestic Content Requirement (DCR) market. The agreement complements the company's backward integration strategy, including its upcoming 9 GW solar cell facility expected to commission in Q4 FY27.
- · Vikram Solar is a 9-time 'Top Performer' in PVEL's PV Module Reliability scorecard.
- · Vikram Solar has been included in the Tier 1 solar PV modules manufacturer list of Bloomberg NEF for 9 consecutive quarters.
- · The upcoming 9 GW solar cell facility is scheduled to commission in Q4 FY27.
- · The agreement is not with a related party and does not fall under related party transactions.
15-09-2026
Alkem Laboratories Limited announced the appointment of Dr. Shubhadeep Sinha to a senior management position, effective September 15, 2026. The appointment is in the ordinary course of business and does not involve any material financial changes or performance metrics.
- · Appointment made effective September 15, 2026.
- · Appointment is at senior management level, not KMP or director.
- · No relationships between directors disclosed (not applicable).
- · No financial terms, compensation, or stock awards mentioned.
15-09-2026
Coforge Limited announced a virtual executive briefing for analysts and investors titled 'Operationalizing Enterprise Autonomy' to be held on September 17, 2026. The 90-minute session will focus on moving beyond AI experimentation to deliver measurable business outcomes at scale, covering data enablement, agentic operations, and forward-deployed engineers. The filing contains no financial data or performance metrics.
- · The briefing is invitation-only; analysts, investors and other qualified attendees may request an invitation by contacting [email protected].
- · The session will feature presentations from Coforge executives and business leaders and will conclude with live Q&A.
- · Coforge describes itself as an AI-native engineering services leader with a focus on trusted AI, secure and governed solutions.
15-09-2026
Canara HSBC Life Insurance Company Limited has issued a Postal Ballot Notice dated September 9, 2026, seeking shareholder approval via remote e-voting for the re-appointment of two Non-Executive Independent Directors: Dr. Kishore Kumar Sansi for a second three-year term (October 27, 2026 – October 26, 2029) and Mr. Supratim Bandyopadhyay for a second three-year term (November 28, 2026 – November 27, 2029). The e-voting period runs from September 17, 2026 to October 16, 2026, with results to be declared on or before October 20, 2026. This is a routine governance matter with no financial figures or performance data disclosed.
- · Cut-off date for eligibility to vote: September 11, 2026.
- · E-voting commences at 9:00 am IST on September 17, 2026 and concludes at 5:00 pm IST on October 16, 2026.
- · Results to be declared on or before October 20, 2026.
- · Dr. Kishore Kumar Sansi's current term ends on October 26, 2026; new term effective October 27, 2026 to October 26, 2029.
- · Mr. Supratim Bandyopadhyay's current term ends on November 27, 2026; new term effective November 28, 2026 to November 27, 2029.
- · Notice sent via email to members registered as of cut-off date; physical copies not dispatched.
- · Scrutinizer appointed: Ms. Shirin Bhatt, Practicing Company Secretary.
15-09-2026
State Bank of India disclosed an interaction with institutional investors on September 15, 2026, in Gurugram, organized by Jefferies. The meeting involved 30 institutional participants including major global and domestic asset managers. Only information already in the public domain was shared, and no specific financial or strategic updates were provided in the filing.
15-09-2026
Chatha Foods Limited has informed BSE about a Management Meeting and Plant Visit for Analysts/Institutional Investors scheduled for September 18, 2026, at Lalru, Punjab. The company has stated that no unpublished price-sensitive information will be shared during the meet.
- · The meeting is scheduled for Friday, September 18, 2026.
- · Venue: Lalru, Punjab.
- · The schedule may change due to exigencies on the part of analysts/investors or the company.
- · The company confirms no unpublished price-sensitive information will be shared.
15-09-2026
Riga Sugar Company Ltd. held its 42nd AGM on September 15, 2026, via video conferencing. The meeting covered adoption of audited financials for FY2025-26 (with an unqualified audit report), re-appointment of directors, and appointment of secretarial auditors. Management highlighted the recommencement of operations in the 2024-25 sugar season after a four-year closure and outlined plans for a 20-tonne-per-day compressed biogas facility, but no financial figures or performance metrics were disclosed in the filing.
- · Auditors' Report for FY2025-26 contained no qualification, reservation, adverse remark or disclaimer.
- · Remote e-voting was open from 9:00 a.m. on September 12, 2026 to 5:00 p.m. on September 14, 2026.
- · No member registered as a speaker and no questions were received from members.
- · The AGM lasted 53 minutes (12:00 noon to 12:53 p.m. IST).
- · The company is a wholly owned subsidiary of Nirani Sugars Limited.
15-09-2026
Cupid Limited received a disclosure from promoter and Chairman & Managing Director Aditya Kumar Halwasiya regarding acquisition of 5,90,000 equity shares (0.04% of voting capital) in the open market on September 15, 2026. Post-acquisition, Halwasiya’s individual holding increased from 33.88% to 33.92%, while total promoter group holding rose marginally from 46.83% to 46.87%.
- · Columbia Petro Chem Private Limited, another promoter group entity, held 17,41,99,250 shares (12.95%) unchanged after the acquisition.
- · No shares were encumbered (pledged) either before or after the acquisition.
- · Diluted share capital (assuming full conversion of outstanding convertible securities) is ₹134,70,00,000 divided into 134,70,00,000 equity shares.
15-09-2026
Inventurus Knowledge Solutions Limited has scheduled an Analyst/Institutional Investor Meet with Jefferies India on September 17, 2026, from 10:00 AM to 06:00 PM IST at The Pavilion at Trident, Gurgaon. The meeting was finalized at a shorter notice, and the company confirms that no Unpublished Price Sensitive Information will be shared. No financial results or operational metrics were disclosed in this filing.
- · Meeting date: September 17, 2026
- · Meeting time: 10:00 AM to 06:00 PM IST
- · Venue: The Pavilion at Trident, Gurgaon
- · Meeting finalized at shorter notice
- · No Unpublished Price Sensitive Information will be shared
- · Date and time subject to change
15-09-2026
Tilaknagar Industries Ltd. (TIL) has completed the first tranche of its investment in Black Tiger Distilleries Private Limited (BTD), subscribing to 14,628 CCPS and 100 equity shares for approximately ₹5.99 crore (₹5,99,99,957.36). This tranche gives TIL about a 12.5% fully diluted stake in BTD, toward a total targeted 30% stake for an aggregate consideration of ₹22 crore. The filing does not disclose any other financial metrics or prior-period comparisons.
15-09-2026
Indiqube Spaces Limited issued a corrigendum on September 15, 2026, correcting a typographical error in the schedule of analyst/investor meetings previously disclosed on September 11, 2026. The Ahmedabad meeting date was changed from Friday, September 17, 2026, to Friday, September 18, 2026; all other details remain unchanged. The meetings are in-person group interactions scheduled in Surat, Ahmedabad, Jaipur, and Kolkata.
- · The corrigendum was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- · Revised meeting schedule: Surat on September 17, 2026; Ahmedabad on September 18, 2026; Jaipur on September 22, 2026; Kolkata on September 24, 2026.
- · All meetings are one-on-one/group meetings held in person.
15-09-2026
Rossell Techsys Limited has informed the stock exchanges that its Board will meet on September 18, 2026 to consider a preferential allotment of equity shares to certain investors and to convene an extraordinary general meeting for shareholder approval. The trading window for designated persons is closed from September 15, 2026 until 48 hours after the board meeting outcome is announced. No financial figures or performance data were disclosed in this intimation.
- · Board meeting scheduled for September 18, 2026.
- · Preferential allotment is subject to regulatory/statutory approvals under SEBI ICDR Regulations, 2018 and Companies Act, 2013.
- · Trading window closed from September 15, 2026 and will reopen 48 hours after the board meeting outcome announcement.
- · BSE Scrip Code: 544294; Symbol: ROSSTECH.
15-09-2026
Ethos Limited submitted the Scrutinizer's Report and voting results for its 19th Annual General Meeting held on September 15, 2026. All resolutions were passed with the requisite majority, with the grand total showing 81.3884% of votes polled on outstanding shares and 98.4440% in favor. However, public non-institutional shareholders showed very low participation (0.5124% of votes polled), and promoter voting was overwhelmingly in favor (100%).
- · Total number of shareholders on record date: 46,335
- · Promoter and promoter group: 1,35,35,548 shares held, 1,35,07,254 votes polled (99.7910% of outstanding), 100% in favor
- · Public institutions: 92,67,104 shares held, 82,50,144 votes polled (89.0261% of outstanding), 95.8947% in favor, 4.1053% against
- · Public non-institutions: 39,55,041 shares held, 20,264 votes polled (0.5124% of outstanding), 99.1797% in favor, 0.8203% against
- · Resolution 2 (re-appointment of Mr. Yashovardhan Saboo) passed with promoter interest noted
- · No invalid votes were recorded in any category
15-09-2026
Apollo Micro Systems clarified that an Economic Times article referencing a '₹1 bid' in a High Court judgment does not pertain to the company or its tender. The Andhra Pradesh High Court judgment (dated 09.09.2026) is substantially in the company's favour, rejecting the petitioner's prayers for cancellation and disqualification, and upholding the tender award to AMS as L-1 bidder, subject only to pre-award verification under DRDO Procurement Manual 2025. The company emphasized its four-decade track record, developed PBMM-NG technology, and legitimate competitive pricing.
- · Judgment dated 09.09.2026 of the Hon'ble High Court of Andhra Pradesh in W.P. No. 2450 of 2026
- · Petitioner: M/s Jaykay Enterprises Limited (unsuccessful bidder)
- · Tender award subject to pre-award verification under Clause 6.42(b)(ii) of DRDO Procurement Manual, 2025
- · PBMM-NG technology developed by the Company two years ago on a No Commitment – No Cost (NC-NC) basis
- · Company has over four decades of experience in MoD bidding
- · Company stood L-1 in the commercial bid
15-09-2026
Edelweiss Financial Services Limited disclosed that its wholly owned subsidiary, Comtrade Commodities Services Limited (Comtrade), has received a settlement order from SEBI under the NSEL Settlement Scheme 2025. SEBI accepted Comtrade's settlement application, resolving proceedings related to alleged violations in paired contracts on the National Spot Exchange Limited. However, Comtrade has not conducted any business since 2019, so the order has no impact on its financials, operations, or those of Edelweiss or its other subsidiaries.
- · Comtrade has not carried on any business activities since 2019.
- · The settlement order was passed under the NSEL Settlement Scheme 2025, which was open from August 25, 2025 to February 25, 2026.
- · A total of 91 entities availed the benefit of the Scheme and remitted the specified settlement amount.
- · The settlement order includes a provision that if any broker who availed the Scheme is convicted after the order for any violation relating to the NSEL matter, the settlement shall be revoked.
15-09-2026
Tata Chemicals Limited has informed the stock exchanges about a scheduled one-on-one meeting with Aditya Birla Sun Life AMC on September 18, 2026, in Mumbai. The company has clarified that no unpublished price-sensitive information will be shared during the meeting.
- · The meeting is scheduled as a one-on-one type at the venue in Mumbai.
- · The schedule is subject to change due to exigencies on part of the analyst, institutional investor, or company.
- · The intimation is made under Regulation 30(6) of SEBI (LODR) Regulations, 2015.
15-09-2026
GTT Data Solutions Limited (formerly Cinerad Communications) disclosed the voting results of its AGM held on September 12, 2026, via video conferencing. The meeting had 5,463 shareholders as of the record date, with 5 promoter/promoter group shareholders and 46 public shareholders attending. Compliance with SEBI regulations is confirmed.
15-09-2026
Davangere Sugar Company Limited filed the consolidated scrutinizer's report for its 55th Annual General Meeting held on September 12, 2026, covering remote e-voting and in-person voting results. All resolutions were passed with overwhelming shareholder support, with the highest approval being 99.99% for the appointment of auditors and the lowest being 99.98% for the reappointment of Managing Director Shamanur Shivashankarappa Ganesh. The filing is a routine procedural disclosure with no negative or dissenting outcomes.
15-09-2026
SAB Events & Governance Now Media Limited has informed the exchanges that a Board Meeting will be held on September 18, 2026, to consider a preferential issue of equity shares and convertible warrants, and to approve the issuance of shares pursuant to the merger of Sri Adhikari Brothers Digital Network Private Limited into the company, with a share exchange ratio of 436 equity shares for every 100 shares held. These actions are being taken under a Resolution Plan approved by the NCLT Mumbai Bench on July 10, 2026, under the Insolvency and Bankruptcy Code. The trading window for insiders has been closed from September 15, 2026, until 48 hours after the board meeting.
- · The Board Meeting is scheduled for September 18, 2026.
- · The NCLT order approving the Resolution Plan was dated July 10, 2026, with a certified copy received on July 21, 2026.
- · The trading window closure for insiders began on September 15, 2026, and will end 48 hours after the board meeting.
15-09-2026
RPG Life Sciences Limited, through its wholly owned subsidiary RPG Active Pharma Limited (RPGAP), has completed the acquisition of the Active Pharmaceutical Ingredients (APIs) and intermediates businesses from Raghava Life Sciences Private Limited (RLSPL) as a going concern by way of slump sale, effective September 16, 2026. This transaction, previously disclosed on September 2, 2026, is now closed.
- · The Business Transfer Agreement (BTA) was executed on September 2, 2026.
- · The transaction was completed and the transfer will be effective from September 16, 2026.
15-09-2026
Coforge Limited has published the transcript of its conference call with analysts and investors held on September 14, 2026, via a link on the stock exchanges. The filing is a routine disclosure under Regulation 30 of SEBI LODR and does not contain any financial figures or performance data.
- · Conference call held on September 14, 2026
- · Transcript available via link: Coforge Limited Conference Call September 14 2026_vf.pdf
- · Filing made under Regulation 30 of SEBI (LODR) Regulations, 2015
- · BSE Scrip code: 532541; NSE Symbol: COFORGE; Equity ISIN: INE591G01025
15-09-2026
Paytm (One 97 Communications) announced that NPCI has introduced a Merchant Discount Rate (MDR) of up to 0.4% on UPI Person-to-Merchant (P2M) transactions above ₹2,000, effective October 15, 2026. This regulatory change will generate additional revenue for Paytm from merchant transactions that were previously free, while UPI payments for customers remain free. The company will assess the full impact once the circular becomes effective.
- · The NPCI circular (NPCI/UPI/OC-No.237/2026-27) was dated September 15, 2026.
- · No charge is levied on customers for UPI payments; they remain free.
- · The company will make further disclosures once the circular becomes effective and its impact is ascertained.
- · The disclosure is also hosted on the company's website at https://ir.paytm.com/.
15-09-2026
Indigo Paints Limited held its 26th Annual General Meeting on September 12, 2026, via video conferencing, with all four resolutions passed by the requisite majority. The resolutions included adoption of standalone and consolidated financial statements, re-appointment of an Executive Director, and appointment of cost auditors. Voting results show overwhelming shareholder support, with over 90% of votes cast in favor across all resolutions, though a small number of votes were invalid or abstained.
- · Record date for voting was September 04, 2026.
- · Remote e-voting period: September 09, 2026 09:00 AM to September 11, 2026 05:00 PM.
- · AGM held on September 12, 2026 from 11:00 AM to 12:10 PM IST.
- · Scrutinizer: Ashwini Inamdar, FCS No: 9409, CP No: 11226.
- · Resolution 2 (Re-appointment of Executive Director) had 191,156 shares voted against, representing 1.4560% of votes polled.
- · Resolution 3 (Re-appointment of Narayanankutty Kottiedath Venugopal) had 192,049 shares voted against, representing 0.4937% of votes to total number of shares.
- · Resolution 4 (Appointment of Cost Auditors) had 33 shares voted against, representing 0.0367% of votes polled.
- · 1 shareholder abstained from voting for 2033 shares in remote e-voting for Resolution 1.
- · 4 shareholders cast invalid votes for 118 shares in venue voting for Resolution 1.
16-09-2026
SMC Global Securities Limited has filed a Draft Prospectus with SEBI and BSE for a public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value ₹1,000 each. The base issue size is ₹7,500 Lakh with a green shoe option to retain oversubscription of up to ₹7,500 Lakh, aggregating to a total issue size of up to ₹15,000 Lakh. The NCDs have been rated 'ICRA A Stable' by ICRA Limited for an amount of up to ₹51,279.00 Lakh.
- · The Draft Prospectus was approved by the Non-Convertible Debenture Committee of the Board on September 15, 2026.
- · Public comments on the Draft Prospectus are invited for a period of one day (until 5:00 p.m. IST) from the date of filing with the stock exchange.
- · The NCDs are proposed to be listed on BSE Limited, which will be the Designated Stock Exchange.
- · The issue is not proposed to be underwritten.
- · The Debenture Trustee is IDBI Trusteeship Services Limited.
- · The Lead Manager is Corporate Professionals Capital Private Limited.
- · The Registrar is MUFG Intime India Private Limited.
- · The Statutory Auditors are M/s. P.C. Bindal & Co.
16-09-2026
SMC Global Securities Limited filed a Draft Prospectus with BSE and SEBI on September 15, 2026, for a public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs). The base issue size is ₹7,500 Lakh, with a green shoe option to retain oversubscription of up to ₹7,500 Lakh, aggregating to a total issue size of up to ₹15,000 Lakh. The NCDs have been assigned a credit rating of 'ICRA A Stable' by ICRA Limited for an amount of up to ₹51,279.00 Lakh.
- · The Draft Prospectus was approved by the Non-Convertible Debenture Committee of the Board of Directors on September 15, 2026.
- · The public comment period is one day, until 5:00 p.m. IST from the date of filing with the stock exchange.
- · The NCDs are proposed to be listed on BSE Limited, which is the designated stock exchange.
- · The issue is not proposed to be underwritten.
- · The Debenture Trustee is IDBI Trusteeship Services Limited.
- · The Lead Manager is Corporate Professionals Capital Private Limited.
- · The Registrar is MUFG Intime India Private Limited.
- · The statutory auditor is M/s. P.C. Bindal & Co.
16-09-2026
GRT Jewellers (India) Private Limited has filed a Draft Letter of Offer with SEBI for an open offer to acquire up to 1,72,70,845 equity shares of Tribhovandas Bhimji Zaveri Limited (TBZ) at ₹249.61 per share, representing 25.88% of the voting share capital from public shareholders. The offer is being made under SEBI (SAST) Regulations following a public announcement on August 31, 2026, and is not conditional on a minimum acceptance level. However, the offer size (25.88%) is slightly below the regulatory minimum of 26% because only this amount is held by public shareholders, and completion is subject to statutory approvals including CCI approval and lender consent.
- · The open offer is made under Regulations 3(1) and 4 of the SEBI (SAST) Regulations.
- · The public announcement was made on August 31, 2026, and the detailed public statement was published on September 7, 2026.
- · Offer opening date: October 26, 2026; Offer closing date: November 6, 2026.
- · The offer is not subject to a minimum acceptance level.
- · No competing offers exist as of the draft letter date.
- · Completion is conditional on CCI approval and lenders' approval.
- · The offer price is fixed at ₹249.61 per share; no revision has been announced.
- · The identified date for determining shareholders to receive the letter of offer is October 9, 2026.
16-09-2026
Exide Industries Limited (Exide India) and ExCom Energy Solutions GmbH (ExCom Germany) have entered into a long-term strategic cooperation agreement, signed on 15 September 2026, to strengthen the industrial battery and energy storage systems business across the European Economic Area (EEA). The partnership, announced on 16 September 2026, will initially focus on traction and stationary battery solutions, with products marketed under the ExCom brand. Both companies expect to venture into advanced chemistry solutions in the future, building on their complementary capabilities.
- · The agreement was signed on 15 September 2026 and announced on 16 September 2026.
- · ExCom GmbH will act as the central commercial and technical interface for customers in the EEA, leading customer development, distribution, technical project support, and after-sales coordination.
16-09-2026
Karur Vysya Bank has received an ESG rating of 76.74 from Niche99 ESG Ratings, a SEBI-registered Category II ESG Rating Provider, for FY 2025-26. The rating was determined independently based on the bank's public disclosures and publicly available information, as the bank did not engage the rating provider.
- · The ESG rating of 76.74 was assigned for the Financial Year 2025-26.
- · The rating was independently determined by Niche99 ESG Ratings without engagement from the bank.
- · The rating is based solely on public disclosures and publicly available information.
Get daily alerts with 11 investment signals, 8 risk alerts, 10 opportunities and full AI analysis of all 29 filings
₹500/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.
More from: India Pre-Market Regulatory Roundup
September 08, 2026
India Pre-Market Regulatory Roundup — September 08, 2026
September 07, 2026
India Pre-Market Regulatory Roundup — September 07, 2026
September 06, 2026
India Pre-Market Regulatory Roundup — September 06, 2026
September 05, 2026
India Pre-Market Regulatory Roundup — September 05, 2026
🇮🇳 More from India
View all →September 09, 2026
India Quarterly Results BSE NSE Announcements — September 09, 2026
India Quarterly Results BSE NSE Announcements
September 09, 2026
India Upcoming Corporate Actions BSE NSE — September 09, 2026
India Upcoming Corporate Actions BSE NSE
September 09, 2026
India AGM EGM Shareholder Meeting Schedule — September 09, 2026
India AGM EGM Shareholder Meeting Schedule
September 08, 2026
India AGM EGM Shareholder Meeting Schedule — September 08, 2026
India AGM EGM Shareholder Meeting Schedule