BLOG / 🇮🇳 India / broad market · · monthly

India Pre-Market Regulatory Roundup — September 25, 2026

India Before-Market Intelligence

By Gunpowder Editorial ·

50 medium priority 50 total filings analysed

Executive Summary

The overnight filing cycle from September 24-25, 2026, reveals a market with significant divergent signals. While several companies are aggressively expanding capacity—Lemon Tree Hotels acquiring prime Mumbai land for ₹120 Cr, Swelect Energy committing ₹20.8 Cr to new solar assets, and Super Spinning Mills securing a long-term lease—there are stark warnings from debt-servicing failures and regulatory actions.

Best Capital Services' shortfall on NCD interest payments (9.6-9.7% per tranche) and SEBI's enforcement order against Omaxe for minimum public shareholding non-compliance are critical red flags. The real estate sector shows a mixed picture: Signatureglobal's FY26 pre-sales declined 19.8% YoY despite strong absolute numbers, while its adjusted EBITDA margin compressed by 510 bps. Corporate actions are notable, with Shah Foods proposing a preferential warrant issue to promoters at ₹153/share and Maestros Electronics announcing a 1:1 bonus issue. Insider activity is limited but includes a significant internal promoter group transfer at Godrej Consumer Products (1% of equity) and a PIT violation at Prasol Chemicals. Forward-looking catalysts include RPG Life Sciences' completed acquisition of Actis Generics, R R Kabel's entry into optical fibre cables via slump sale, and Arambhveer's open offer for Mapro Industries at ₹60.13/share. The overall sentiment is cautiously constructive with specific pockets of opportunity in hospitality, renewable energy, and niche manufacturing, but investors must navigate credit risk and regulatory overhang.

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

Filing types in this digest: Corporate governance · M&A · Insider trading

Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from September 17, 2026.

Investment Signals (12)

  • Acquired prime Bandra (East) land for ₹120 Cr to develop ~172-key Lemon Tree Premier, its 7th Mumbai property, strengthening BKC micro-market presence. Acquisition via subsidiary Fleur Hotels, no shares issued.

  • FY26 pre-sales declined 19.8% YoY to ₹82.5 Bn (from ₹102.9 Bn), adjusted EBITDA margin compressed 510 bps to 9.3%. However, net debt reduced by ₹6.8 Bn to ₹2.0 Bn, and average sales realization improved 22.4% YoY to ~₹15,250/sqft. FY27 guidance of ~₹100 Bn pre-sales and ₹50 Bn collections.

  • R R Kabel ↓ (BULLISH)
    ▲

    Board approved acquisition of U M Cables' business via slump sale for ₹77 Cr, entering the Optical Fibre Cable segment. Target's turnover declined 42.2% over two years (₹13,534 Lakhs in FY24 to ₹7,818 Lakhs in FY26). Not a related party transaction.

  • Completed acquisition of Actis Generics Private Limited via subsidiary RPG Active Pharma, effective September 24, 2026. First disclosed July 29, 2026, this expands pharma portfolio.

  • Fixed October 1, 2026 as record date for 1:1 bonus share issue, allotment on October 5, trading from October 6. Positive signal for retail shareholders.

  • ▲

    Proposes preferential issue of up to 18,90,410 convertible warrants to promoters at ₹153/share, increasing promoter holding from 69.39% to 71.68% (assuming full conversion). Also increasing authorized capital by 6.25% to ₹25.5 Cr.

  • Investment Committee approved ₹20.77 Cr additional investment in 26.6 MWp DC solar plant (stake reducing from 100% to 74%) and ₹10 Lakh acquisition of 100% of GNU Solar for 11 MWp DC plant. Both pre-revenue, carry execution risk.

  • Executed 10-year lease with Kyungshin Industrial Motherson (auto components) for 4.01 acres in Hindupur. Lessee to build facility on built-to-suit basis. Total interest-free refundable security deposit of ₹85.94 Lakhs. Long-term assured rental income.

  • FY26 insurance commission income ~₹200 Cr (life ₹140 Cr, non-life ₹60 Cr). IRDAI consultation paper on distribution economics could impact FY28e RoA by 18-24 bps if implemented from April 1, 2027. Company confident in FY27e net profit growth guidance of ~50% YoY.

  • Promoter group entities sold 1,02,30,000 shares (1% of equity) via block deals, with four promoter individuals acquiring the same number. Internal transfer, overall promoter holding unchanged at 53.05%. No change in control.

  • 42nd AGM results show significant institutional dissent: 84.18% of public institutional shareholders voted against re-appointment of Mr. Shikhar Aggarwal as Joint Managing Director, and 55.21% against his appointment as director. Governance concerns flagged.

  • CFO & Finance Director Mr. Rahul Ashit Shroff (and deemed DP) acquired 300 shares during trading window closure period, violating insider trading code. Company issued warning letter, citing inadvertent and insignificant trade.

Risk Flags (10)

  • Best Capital Services [HIGH RISK]
    ▼

    Failed to pay full interest on three listed NCDs due September 24, 2026. Shortfalls of 9.6-9.7% per tranche (₹98,401, ₹97,972, ₹94,969). Despite certifying compliance with Regulation 57, the short payments indicate potential credit stress.

  • Omaxe Limited [HIGH RISK]
    ▼

    SEBI issued enforcement order dated September 24, 2026 for non-compliance with minimum public shareholding (MPS) requirements. Specific penalties not disclosed, but regulatory action signals serious governance lapse.

  • ▼

    Adjusted EBITDA margin collapsed from 14.4% in FY25 to 9.3% in FY26, a 510 bps compression. Despite revenue growth of 4% YoY, profitability is eroding significantly. Pre-sales declined 19.8% YoY, indicating demand slowdown in luxury housing segment.

  • Olympic Cards Limited↓ [MEDIUM RISK]
    ▼

    Submitted review waiver request to BSE for fines under SEBI LODR Regulations. Paid ₹23,600 (including GST) for non-compliance with Regulation 19(1)/(2) and 31C. Ongoing regulatory compliance issue with no resolution timeline.

  • ▼

    Significant opposition from public institutional shareholders on key director appointments (84.18% against re-appointment of Joint MD, 55.21% against appointment as director). This level of institutional dissent is a strong governance red flag and could impact management credibility.

  • Prasol Chemicals↓ [MEDIUM RISK]
    ▼

    Insider trading violation by CFO & Finance Director, a senior management member. While the trade was small (300 shares, ₹1.91 Lakhs) and deemed inadvertent, it signals weak internal controls and compliance culture at the highest level.

  • R R Kabel↓ [MEDIUM RISK]
    ▼

    Acquiring U M Cables' business whose turnover declined 42.2% over two years (from ₹13,534 Lakhs in FY24 to ₹7,818 Lakhs in FY26). The ₹77 Cr consideration is roughly equal to FY26 revenue, implying a ~1x sales valuation for a declining business. Integration and turnaround risk.

  • ▼

    Both new solar investments are pre-revenue (nil turnover, nil PAT). The ₹20.77 Cr investment in USolar Assetco Four will reduce Swelect's stake from 100% to 74%, diluting control. Execution risk is high for greenfield solar projects.

  • Shah Foods↓ [LOW RISK]
    ▼

    Preferential warrant issue to promoters at ₹153/share, with the relevant date for pricing being August 31, 2026 (30 days prior to AGM). Minority shareholders may question pricing and dilution. Post-issue promoter holding increases from 69.39% to 71.68%, further entrenching control.

  • Usha Martin↓ [LOW RISK]
    ▼

    Selling its wholly owned subsidiary U M Cables' business for ₹77 Cr, which contributed only ₹78.19 Cr (2.12% of consolidated revenue) in FY26. While strategic, the sale consideration is below annual revenue, indicating potential value destruction.

Opportunities (10)

  • Lemon Tree Hotels↓ (OPPORTUNITY)
    ◆

    Acquiring land in Bandra (East) adjoining BKC for ₹120 Cr to develop a ~172-key Lemon Tree Premier. This is the Group's 7th Mumbai property, strategically located in a key commercial hub. With BKC's high occupancy rates and room rates, this could generate strong returns.

  • R R Kabel↓ (OPPORTUNITY)
    ◆

    Entry into Optical Fibre Cable segment via acquisition of U M Cables' business for ₹77 Cr. The telecom infrastructure boom (5G, fiberization) provides a strong demand tailwind. R R Kabel's distribution network can potentially revive the declining business.

  • Maestros Electronics↓ (OPPORTUNITY)
    ◆

    1:1 bonus share issue with record date October 1, 2026. Bonus issues historically attract investor interest and improve liquidity. Shares to start trading ex-bonus from October 6.

  • Super Spinning Mills↓ (OPPORTUNITY)
    ◆

    10-year lease with Kyungshin Industrial Motherson (auto components JV) for 4.01 acres in Hindupur. Built-to-suit model with interest-free security deposit of ₹85.94 Lakhs ensures long-term assured rental income. Auto ancillary demand in Hindupur cluster is strong.

  • Suraj Industries↓ (OPPORTUNITY)
    ◆

    Material subsidiary Carya Chemicals commenced production of Extra Neutral Alcohol at grain-based distillery in Rajasthan from September 23, 2026. This is a significant operational milestone with potential to generate substantial revenue.

  • RPG Life Sciences↓ (OPPORTUNITY)
    ◆

    Completed acquisition of Actis Generics Private Limited, effective September 24, 2026. This expands the company's generics portfolio and manufacturing capabilities. The deal was first disclosed on July 29, indicating smooth execution.

  • Piramal Finance↓ (OPPORTUNITY)
    ◆

    Despite potential IRDAI regulatory impact (18-24 bps on FY28e RoA), the company is confident in FY27e net profit growth guidance of ~50% YoY. Insurance commission income of ~₹200 Cr in FY26 provides a diversified revenue stream.

  • Arambhveer Limited (OPPORTUNITY)
    ◆

    Open offer for Mapro Industries at ₹60.13/share (26% of voting capital), aggregating ₹13.11 Cr. The acquirer is also buying 26.05% from promoter at ₹30/share. Post-offer, acquirer and PACs would hold up to 52.23%. Potential value unlocking for minority shareholders.

  • ◆

    Despite margin compression, net debt reduced by ₹6.8 Bn to ₹2.0 Bn, and average sales realization improved 22.4% YoY to ~₹15,250/sqft. FY27 guidance of ~₹100 Bn pre-sales implies 21.2% growth. JV with RMZ Group for commercial development adds diversification.

  • Gaudium IVF↓ (OPPORTUNITY)
    ◆

    Commenced commercial operations at new IVF centre in Gurgaon, featuring proprietary Gaudium Signature Lab with AI-powered technologies. IPO proceeds utilization as per prospectus. Fertility services sector in India is growing at 15-20% CAGR.

Sector Themes (6)

  • Real Estate Divergence: Luxury Demand Slowing, Margins Under Pressure
    ◆

    Signatureglobal's FY26 results show pre-sales declining 19.8% YoY despite strong absolute numbers (₹82.5 Bn). Adjusted EBITDA margin compressed 510 bps to 9.3%. However, average realization improved 22.4% YoY to ₹15,250/sqft, indicating a shift to higher-value projects. Net debt reduction of ₹6.8 Bn is positive. The sector is seeing a K-shaped recovery where premium projects outperform while mass housing faces demand headwinds.

  • Hospitality Sector Expansion: Lemon Tree Aggressively Adding Capacity
    ◆

    Lemon Tree Hotels' acquisition of prime Bandra land for ₹120 Cr (its 7th Mumbai property) signals strong confidence in the hospitality recovery. The ~172-key Lemon Tree Premier in BKC micro-market targets both business and leisure travelers. This follows the trend of hotel companies expanding in key urban hubs to capture post-pandemic travel demand.

  • Renewable Energy: Swelect Energy Scaling Solar Portfolio
    ◆

    Swelect Energy Systems is investing ₹20.87 Cr in two solar projects (26.6 MWp + 11 MWp DC). The company is using a group captive model (stake reducing from 100% to 74% in one project), which is tax-efficient for corporate off-takers. Both projects are pre-revenue, indicating a growth phase with execution risk.

  • Corporate Actions: Bonus Issues and Preferential Warrants Signal Management Confidence
    ◆

    Maestros Electronics' 1:1 bonus issue and Shah Foods' preferential warrant issue to promoters at ₹153/share indicate management confidence in future prospects. Bonus issues improve liquidity and signal that management believes the stock is undervalued. Preferential warrants align promoter interests with minority shareholders.

  • Credit Market Stress: NCD Payment Defaults Signal Broader Risk
    ◆

    Best Capital Services' failure to pay full interest on three NCD tranches (9.6-9.7% shortfall) is a red flag for the credit market. Despite certifying compliance, the short payments indicate potential liquidity stress. This could have contagion effects for other small-cap NCD issuers.

  • Regulatory Scrutiny Intensifying: SEBI Enforcement and Governance Concerns
    ◆

    SEBI's enforcement order against Omaxe for MPS non-compliance and BLS International's institutional dissent on director appointments highlight increasing regulatory and governance scrutiny. Companies with weak compliance frameworks are at risk of regulatory action and investor backlash.

Watch List (8)

  • Investor meeting with FYERS Asset Management on September 29, 2026. Watch for any strategic updates or guidance changes. [September 29, 2026]

  • One-on-one meetings with five institutional investors (DSP, Axis, Tata, Nippon Mutual Funds, Theleme) on September 29, 2026. Could signal upcoming fundraising or strategic announcement. [September 29, 2026]

  • Q1 FY27 earnings conference call on September 29, 2026 at 11:00 AM IST. Hosted by DAM Capital. Watch for commentary on demand recovery and margin outlook. [September 29, 2026]

  • Participation in 'Bharat Connect Conference – Rising Stars 2026' hosted by Arihant Capital on September 29, 2026. Virtual group meeting with analysts/investors. [September 29, 2026]

  • Crescentis Capital (Som Datt Finance)
    👁

    Board meeting on September 29, 2026 to consider rights issue proposal. Could lead to equity dilution. [September 29, 2026]

  • 44th AGM scheduled for September 30, 2026. Key agenda includes preferential warrant issue to promoters at ₹153/share and increase in authorized capital. Watch for shareholder approval and pricing. [September 30, 2026]

  • Record date for 1:1 bonus issue on October 1, 2026. Allotment on October 5, trading from October 6. Watch for price action and liquidity improvement. [October 1, 2026]

  • Arambhveer Limited / Mapro Industries
    👁

    Detailed Public Statement (DPS) for open offer to be published on or before October 1, 2026. Offer price ₹60.13/share for 26% stake. Watch for tendering period and acceptance levels. [October 1, 2026]

Filing Analyses (50)
Lemon Tree Hotels Limited Market Update neutral materiality 3/10

24-09-2026

Lemon Tree Hotels Limited announced the resignation of Mr. Pawan Kumar Kumawat as Company Secretary & Compliance Officer (Key Managerial Personnel) effective November 23, 2026, due to personal reasons. The company has not yet appointed a successor, and the resignation letter is enclosed with the disclosure.

  • · Mr. Kumawat's resignation date is September 24, 2026, and his last working day will be November 23, 2026.
  • · The resignation is for personal reasons, and Mr. Kumawat confirmed no other material reason.
  • · The company has not announced a replacement for the Company Secretary & Compliance Officer position.
Laser Power & Infra Ltd Market Update positive materiality 6/10

24-09-2026

Laser Power & Infra Ltd has received a provisional Letter of Intent from West Bengal Industrial Development Corporation for allotment of approximately 40 acres of land at Vidyasagar Industrial Park, Kharagpur, West Bengal, on a 99-year lease, to set up a manufacturing facility for Integrated Power Cables and Conductors. The project is expected to strengthen the company's presence in the power infrastructure sector, expand manufacturing capacity, and improve supply chain efficiencies. However, the allotment is subject to terms and conditions, and the company must complete formalities and comply with conditions for lease execution and project commencement.

  • · Approximately 40 acres of land allotted at Vidyasagar Industrial Park, Kharagpur, West Bengal.
  • · Lease period is 99 years.
  • · Allotment is provisional and subject to terms and conditions in the LOI.
  • · Company must complete formalities and comply with conditions for lease execution and project commencement.
RattanIndia Power Limited Corporate Governance neutral materiality 3/10

24-09-2026

RattanIndia Power Limited announced that at its 19th Annual General Meeting held on September 24, 2026, shareholders approved the appointment of T R Chadha & Co. LLP, Chartered Accountants, as the company's statutory auditors for a five-year term, from the conclusion of this AGM until the 24th AGM. The meeting commenced at 3:00 PM and concluded at 3:39 PM. No financial or operational performance metrics were disclosed in this filing.

  • · The 19th AGM was held on September 24, 2026, from 3:00 PM to 3:39 PM.
  • · T R Chadha & Co. LLP (FRN: 006711N/N500028) was appointed as statutory auditors for a five-year term.
  • · The appointment was approved by members at the AGM.
Purple Style Labs Ltd Market Update neutral materiality 3/10

24-09-2026

Purple Style Labs Ltd has changed its Corporate Identification Number (CIN) from 'U18204MH2015PLC267215' to 'L18204MH2015PLC267215' following the listing of its equity shares on NSE and BSE on September 7, 2026. The company's status in the MCA records has also been updated from 'Unlisted' to 'Listed'.

  • · Date of last AGM: August 13, 2026
  • · Date of Balance Sheet: March 31, 2026
  • · Company status: Active, Non-government, Public company
  • · Registered Address: CTS No.1081, Plot No.110, TPS Village, Service Road, Western Express Highway, Vile Parle (East), Mumbai, Maharashtra – 400057
  • · Email for investor relations: [email protected]
Unknown Market Update neutral materiality 3/10

24-09-2026

Achiievers Finance India Ltd held its 30th Annual General Meeting on September 24, 2026, where shareholders approved the audited financial statements for FY 2025-2026 and declared a dividend of ₹0.40 per equity share (face value ₹10). The statutory auditor's report was unqualified with no adverse observations. The meeting was conducted with the requisite quorum and all agenda items were passed by the requisite majority.

  • · The AGM was held at the registered office at 32/A, Diamond Harbour Road, Sakherbazar, Kolkata- 700008.
  • · Meeting commenced at 02:00 P.M. and concluded at 03:00 P.M.
  • · The notice convening the AGM was dated 21st May, 2026.
  • · The company's non-convertible debt securities are listed on BSE Limited.
  • · The company's RBI Registration No. is B-05.04264 and CIN is U51909WB1996PLC082118.
MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LTD Corporate Governance positive materiality 6/10

24-09-2026

Maestros Electronics & Telecommunications Systems Ltd has fixed October 1, 2026 as the record date for a 1:1 bonus equity share issue, following shareholder approval at the AGM on September 23, 2026. The bonus shares will be allotted on October 5, 2026 and will be available for trading from October 6, 2026. The company will issue 55,10,237 new equity shares of Rs. 10 each.

  • · Record date for bonus shares: October 1, 2026
  • · Deemed date of allotment: October 5, 2026
  • · Trading commencement: October 6, 2026
  • · Bonus ratio: 1 new share for every 1 existing share (1:1)
  • · Shareholders approved the bonus issue at AGM on September 23, 2026
Excelsoft Technologies Limited Market Update neutral materiality 3/10

24-09-2026

Excelsoft Technologies held its 26th AGM on September 24, 2026 via video conferencing, with 53 members attending. The meeting adopted the audited financial statements for FY2025-26 (with an unmodified audit opinion) and re-appointed Mr. Colin Hughes as a director retiring by rotation. No financial results or performance metrics were disclosed in the filing, so no period-over-period comparison is possible.

  • · The AGM was held on September 24, 2026 from 15:30 IST to 17:03 IST.
  • · Two ordinary resolutions were passed: adoption of audited financial statements (standalone and consolidated) for FY ended March 31, 2026, and re-appointment of Mr. Colin Hughes as director.
  • · Statutory auditors issued an unmodified audit report.
  • · Remote e-voting was open from September 21, 2026 (09:00 IST) to September 23, 2026 (17:00 IST).
  • · The company engaged MUFG Intime India Private Limited for e-voting and VC/OAVM facilities.
RITES Limited Market Update neutral materiality 1/10

24-09-2026

RITES Limited has informed the stock exchanges that it will hold an investor meeting with FYERS Asset Management Private Limited on September 29, 2026, in person. The meeting will discuss only publicly available information. No financial results or material developments were disclosed.

Signatureglobal (India) Limited Market Update mixed materiality 8/10

24-09-2026

Signatureglobal (India) Limited held its 27th AGM on September 24, 2026, reporting FY26 pre-sales of ₹82.5 billion and collections of ₹40.1 billion. The company delivered 17.9 million sq ft of housing and manages a 53.3 million sq ft portfolio. However, pre-sales declined 19.8% YoY from ₹102.9 billion in FY25, and adjusted EBITDA margin fell to 9.3% from 14.4% in FY25. The company aims for FY27 pre-sales of ~₹100 billion and collections of ₹50 billion, and has launched the Tonino Lamborghini Residences in India.

  • · Average ticket size of units sold in FY26 was INR 38.8 Mn.
  • · Average sales realization in FY26 was ~INR 15,250 per sqft vs ~INR 12,457 per sqft in FY25.
  • · Net debt reduced by INR 6.8 Bn during FY26 to INR 2.0 Bn.
  • · Credit rating of A+ (stable) achieved.
  • · The RMZ JV (Gurugram Commercity Limited) is a 50:50 equity JV with ~4.0 mn sqft FSI on ~17 acres on SPR, Gurugram, with leasable/saleable area of ~5.6 mn sqft and indicative developable value of INR 14,000–15,000 crore.
  • · The company aims to keep net debt below 0.5x projected operating surplus.
  • · FY27 has started with the launch of Tonino Lamborghini Residences on Southern Peripheral Road.
  • · Three key micro markets: SPR, Dwarka Expressway, and Sohna Corridor.
Amines & Plasticizers Limited Corporate Governance neutral materiality 1/10

24-09-2026

The filing reports the Scrutiniser's Report and Voting Results for the 51st AGM of Amines & Plasticizers Limited held on September 23, 2026. All resolutions were passed with requisite majority. No leadership changes, financial metrics, or strategic decisions were disclosed in this filing.

  • · All resolutions at the 51st AGM were passed with requisite majority.
  • · The AGM was conducted through Video Conferencing / Other Audio Visual Means (VC/OAVM).
  • · The Scrutiniser's Report and Voting Results were filed on September 24, 2026, one day after the AGM.
Signatureglobal (India) Limited Market Update mixed materiality 8/10

24-09-2026

Signatureglobal (India) Limited held its 27th AGM on September 24, 2026, reporting FY26 pre-sales of ₹82.5 billion and collections of ₹40.1 billion. The company launched a strategic joint venture with RMZ Group for large-scale commercial development and aims for FY27 pre-sales of ~₹100 billion. However, adjusted EBITDA margin declined to 9.3% from 14.4% in FY25, and revenue growth was modest at 4% YoY.

  • · The AGM was held via video conferencing and concluded in 70 minutes (4:15 PM to 5:25 PM IST).
  • · All resolutions were passed, including re-appointment of three independent directors (Chandra Wadhwa, Lata Pillai, Venkatesan Narayanan) for a second term.
  • · The company added ~2.3 mn sqft of saleable area in the Sohna region during FY26.
  • · Credit rating of A+ (stable) was achieved.
  • · The company aims to keep net debt below 0.5x projected operating surplus.
  • · Voting results will be submitted to stock exchanges on or before September 27, 2026.
Gaudium IVF and Women Health Ltd Market Update positive materiality 5/10

24-09-2026

Gaudium IVF and Women Health Ltd has commenced commercial operations at its new IVF centre/hub in Gurgaon, Haryana, effective September 24, 2026, in line with the objects of its IPO as stated in the Prospectus dated February 25, 2026. The centre features the proprietary Gaudium Signature Lab with advanced embryology and AI-powered technologies. This expansion is part of the company's growth strategy, though no financial details or performance metrics were disclosed in this filing.

  • · New centre location: SCO No. 1, Second Floor, Old Judicial Complex, Mor Chowk, Civil Lines, Gurugram, Haryana - 122 001
  • · Scrip Code: 544709, Symbol: GAUDIUMIVF, ISIN: INEOP8B01020
  • · Company CIN: L85100DL2015PLC278296
  • · Prospectus dated February 25, 2026
  • · SEBI Master Circular dated January 30, 2026
Choice Gold ETF Market Update neutral materiality 1/10

24-09-2026

Choice Gold ETF reported a Net Asset Value (NAV) of ₹148.2499 as of September 24, 2026. This is a routine daily NAV disclosure with no comparative prior period data provided.

  • · The filing is a standard daily NAV disclosure for an open-ended gold ETF scheme.
  • · No prior period NAV or performance comparison is provided in the filing.
Exhicon Events Media Solutions Limited Market Update neutral materiality 3/10

24-09-2026

Exhicon Events Media Solutions Limited held its 16th Annual General Meeting on September 24, 2026, where shareholders adopted the audited financial statements for FY ended March 31, 2026, re-appointed Ms. Padma Mishra as Whole Time Director, and re-appointed M/s. Bilimoria Mehta & Co. as Statutory Auditors for a five-year term. The meeting was conducted physically with 17 members present out of 2,287, and the auditors' reports contained no qualifications or adverse remarks.

  • · The AGM was held at the registered office in Pune, Maharashtra, India.
  • · The re-appointment of Statutory Auditors is for a term of 5 consecutive years, from the conclusion of the 16th AGM until the 21st AGM.
  • · The Statutory Auditors' report and Secretarial Auditors' report contained no qualifications, reservations, adverse remarks, or disclaimers.
  • · Voting results are to be submitted to BSE Limited within permissible timelines and will be hosted on the company's website, CDSL, and BSE websites.
Lemon Tree Hotels Limited Merger/Acquisition positive materiality 7/10

24-09-2026

Lemon Tree Hotels Limited, through its material subsidiary Fleur Hotels Limited, completed the acquisition of a land parcel in Bandra (East), Mumbai for Rs. 120 Crore (exclusive of stamp duty and registration charges) to develop a Lemon Tree Premier hotel with approximately 172 keys. This marks the Group's 7th property in Mumbai and strengthens its presence in the Bandra Kurla Complex micro-market. The transaction is not a related party transaction and no shares were issued.

  • · The land parcel is located along the Western Express Highway, adjoining Bandra Kurla Complex (BKC), a key commercial, residential and lifestyle hub.
  • · The proposed hotel will offer contemporary rooms and suites, all-day dining, fitness centre and swimming pool facilities.
  • · The acquisition was completed via registration of Deed of Conveyance on September 24, 2026.
  • · The transaction is not a related party transaction and the parties are not related to promoter/promoter group.
  • · Lemon Tree Hotels operates 130+ hotels across 80+ cities with a pipeline of 140+ upcoming properties.
  • · The group has grown to 270+ properties (operational and upcoming) since opening its first 49-room hotel in 2004.
Sudarshan Chemical Industries Limited Market Update neutral materiality 2/10

24-09-2026

Sudarshan Chemical Industries has scheduled one-on-one meetings with five institutional investors (DSP Mutual Fund, Theleme, Axis Mutual Fund, Tata Mutual Fund, and Nippon Mutual Fund) on September 29, 2026. The meetings are routine investor interactions and the company has stated it will not discuss any unpublished price sensitive information.

  • · Meetings scheduled on 29th September 2026 at 11:00 AM, 12:15 PM, 02:00 PM, 03:00 PM, and 05:00 PM IST
  • · Meeting types: In-person one-on-one meetings
  • · Disclosure made under Regulation 30 of SEBI Listing Regulations, 2015
Prasol Chemicals Ltd Insider Trading Disclosure neutral materiality 3/10

24-09-2026

Prasol Chemicals Ltd reported a violation of its Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015. CFO and Finance Director Mr. Rahul Ashit Shroff (and deemed DP Mrs. Jamini Ashit Shroff) acquired 300 shares on 18-09-2026 for a total value of Rs. 191127 during the trading window closure period. The company issued a warning letter, noting the trade was inadvertent, insignificant, and without intent to violate regulations or make undue gains; no previous violations were reported.

  • · The trade was made during the trading window closure period, a violation of the company's Code of Conduct.
  • · The company issued a warning letter to the designated person as action taken.
  • · The company recorded reasons for action: trade was insignificant, inadvertent, and without intention of violating PIT Regulations or making undue gains.
  • · No previous instances of violations since last financial year.
  • · No amount was collected for the Code of Conduct violation; transfer to SEBI IPEF not applicable.
Lemon Tree Hotels Limited Market Update positive materiality 7/10

24-09-2026

Lemon Tree Hotels Limited, through its material subsidiary Fleur Hotels Limited, has completed the acquisition of a 989.30 sqm land parcel in Bandra (East), Mumbai for ₹120 Crore (excl. stamp duty & registration) to develop a ~172-key Lemon Tree Premier hotel. This marks the Group's 7th property in Mumbai, strengthening its presence in the city's key commercial and hospitality market. No prior-period comparisons are available as this is a one-time acquisition event.

  • · The land parcel is located along the Western Express Highway, adjoining Bandra Kurla Complex (BKC), a key commercial, residential and lifestyle hub.
  • · The proposed hotel will offer contemporary rooms and suites, all-day dining, fitness centre and swimming pool facilities.
  • · The acquisition was completed on September 24, 2026, following an earlier disclosure dated September 18, 2026.
  • · The transaction is not a related party transaction and the seller parties are not related to the promoter/promoter group.
  • · Lemon Tree Hotels operates 130+ hotels across 80+ cities in India and abroad, with a pipeline of 140+ upcoming properties and an international presence in Bhutan and Nepal.
Shah Foods Ltd Corporate Governance neutral materiality 6/10

24-09-2026

Shah Foods Limited issued a corrigendum to the notice of its 44th Annual General Meeting (AGM), scheduled for September 30, 2026, modifying the explanatory statement for Item No. 6 regarding a proposed preferential issue of up to 18,90,410 convertible warrants to promoter/promoter group persons. The corrigendum updates the issue price to ₹153 per equity share, provides the valuer's details, and revises the pre- and post-issue shareholding pattern, showing promoter holding increasing from 69.39% to 71.68% while non-promoter holding decreases from 30.61% to 28.32%. The filing also includes ordinary business items such as adoption of financial statements and re-appointment of directors, and a special resolution to increase authorized share capital from ₹24,00,00,000 to ₹25,50,00,000.

  • · The corrigendum modifies Point Nos. 3, 4, 9, and 17 of Item No. 6 in the AGM notice.
  • · The relevant date for determining the issue price is August 31, 2026.
  • · The valuation was performed by Bhavesh M. Rathod, Chartered Accountant and Registered Valuer – SFA.
  • · The company obtained a certificate from Jaymin Modi & Co., Practicing Company Secretary, certifying compliance with SEBI ICDR Regulations.
  • · The AGM will be held on September 30, 2026 at 03:00 P.M. through Video Conferencing / Other Audio-Visual Means.
Unknown Market Holiday neutral materiality 1/10

24-09-2026

Aditya Birla Digital Fashion Ventures Limited has informed the stock exchanges that its trading window will be closed from October 1, 2026 until 48 hours after the announcement of its unaudited financial results for the quarter and half year ended September 30, 2026. This is a routine compliance disclosure under SEBI's insider trading regulations and does not contain any financial performance data.

  • · Trading window closure start date: October 1, 2026
  • · Trading window reopens 48 hours after the announcement of the unaudited financial results for the quarter and half year ended September 30, 2026
  • · The company is a wholly owned subsidiary of Aditya Birla Fashion and Retail Limited
  • · The company's website is www.tmrw.in
Unknown Market Update negative materiality 8/10

24-09-2026

Best Capital Services Limited has certified timely payment of interest on three listed Non-Convertible Debentures (NCDs) due September 24, 2026. However, the amounts paid (₹9,20,779, ₹9,42,439, ₹9,66,675) are each less than the amounts due (₹10,19,180, ₹10,40,411, ₹10,61,644), indicating shortfalls of approximately 9.6% to 9.7% per tranche.

  • · All three NCDs had interest due on 24-09-2026 and were paid on the same date.
  • · The shortfall amounts are: ₹98,401 (ISIN INE04UP07238), ₹97,972 (ISIN INE04UP07220), ₹94,969 (ISIN INE04UP07212).
  • · The filing certifies compliance with Regulation 57 of SEBI (LODR) Regulations, 2015 despite the short payments.
RPG Life Sciences Limited Market Notice neutral materiality 6/10

24-09-2026

RPG Life Sciences Limited announced the completion of its acquisition of Actis Generics Private Limited via its subsidiary RPG Active Pharma Limited (RPGAP), effective September 24, 2026. Actis Generics has become a wholly owned subsidiary of RPGAP and a subsidiary of RPG Life Sciences. The transaction was executed under a Share Purchase Agreement (SPA) first disclosed on July 29, 2026.

  • · The acquisition was first disclosed via a letter dated July 29, 2026.
  • · Actis Generics Private Limited is now a wholly owned subsidiary of RPGAP and a subsidiary of RPG Life Sciences.
Shah Foods Ltd Corporate Governance neutral materiality 6/10

24-09-2026

Shah Foods Ltd issued a corrigendum to the notice of its 44th AGM, scheduled for September 30, 2026, modifying the explanatory statement for Item No. 6 regarding a preferential issue of up to 18,90,410 convertible warrants to promoters/promoter group at ₹153 per share. The corrigendum updates pricing details, valuer information, shareholding pattern, and compliance certificate references. The company also seeks to increase authorized share capital from ₹24,00,00,000 to ₹25,50,00,000 and re-appoint directors Anuj Jalan and Raj Kumar Jalan.

  • · The corrigendum modifies Point Nos. 3, 4, 9, and 17 of Item No. 6 of the AGM notice.
  • · The relevant date for pricing is August 31, 2026 (30 days prior to AGM).
  • · Post-issue promoter/promoter group shareholding increases from 69.39% to 71.68% (assuming full conversion).
  • · Non-promoter holding decreases from 30.61% to 28.32% post-issue.
  • · The valuation was performed by Bhavesh M. Rathod, Chartered Accountant and Registered Valuer – SFA.
  • · A compliance certificate under Regulation 163(2) of SEBI ICDR Regulations was obtained from Jaymin Modi & Co., Practicing Company Secretary.
  • · The company's shares are infrequently traded on BSE.
  • · The AGM will be held via Video Conferencing / Other Audio-Visual Means.
Vikran Engineering Limited Market Update neutral materiality 1/10

24-09-2026

Vikran Engineering Limited informed the exchanges that its management will participate in a virtual group meeting with analysts/investors at the 'Bharat Connect Conference – Rising Stars 2026' hosted by Arihant Capital Markets on September 29, 2026. The meeting will be based on generally available information and not on unpublished price-sensitive information.

  • · The meeting is scheduled for Tuesday, 29th September 2026.
  • · The mode of the meeting is a virtual group meeting.
  • · The company's website is vikrangroup.com.
R R Kabel Limited Merger/Acquisition mixed materiality 8/10

24-09-2026

R R Kabel Limited's Board approved the acquisition of U M Cables Limited's business undertaking via slump sale for a lump sum cash consideration of Rs. 77 crores, subject to working capital adjustments. The target, a wholly-owned subsidiary of Usha Martin Limited, reported declining turnover from Rs. 13,534.48 Lakhs in FY 2023-24 to Rs. 7,818.64 Lakhs in FY 2025-26. The acquisition is intended to expand R R Kabel's presence into the Optical Fibre Cable segment.

  • · Board meeting commenced at 8:30 p.m. and concluded at 9:13 p.m. on 24 September 2026.
  • · Transaction is not a related party transaction; seller is unrelated to R R Kabel or its promoters.
  • · Acquisition is by way of slump sale on a going concern basis; no shares are being acquired.
  • · Completion expected within 60 days from execution of Business Transfer Agreement (Long Stop Date).
  • · U M Cables Limited was incorporated on 7 July 1987.
Inani Securities Ltd. Market Update positive materiality 3/10

24-09-2026

Inani Securities Ltd. held its 32nd Annual General Meeting on September 23, 2026, via video conferencing, with all six resolutions passed by shareholders. The resolutions included adopting financial statements, re-appointing director Mr. Vishnukant Inani, adopting new Memorandum and Articles of Association, delegating powers to the board to sell, and increasing borrowing limits under Section 180(1)(c). All resolutions received overwhelming support, with approval rates ranging from 99.09% to 100%, and no invalid votes were cast.

  • · The e-voting period was from September 20, 2026 (9:00 AM IST) to September 22, 2026 (5:00 PM IST).
  • · The cut-off date for eligibility to vote was September 17, 2026.
  • · All resolutions were passed with no invalid votes.
  • · The AGM was conducted through video conferencing/other audio-visual means.
  • · The scrutinizer's report was submitted by CS Padma Loya of Loya & Shariff, Practicing Company Secretaries.
Usha Martin Limited Market Update neutral materiality 5/10

24-09-2026

Usha Martin Limited announced that its wholly owned subsidiary, U M Cables Limited (UMCL), will sell its entire business undertaking (optical fibre cables, jelly-filled telecommunication cables, and fibre-reinforced plastic rods) to R R Kabel Limited via a slump sale for a consideration of Rs. 77 crore, subject to working capital adjustments. The transaction aligns with Usha Martin's strategy to focus on its core wire and wire ropes business and is expected to complete within 60 days of executing the Business Transfer Agreement. UMCL contributed Rs. 78.19 crore (2.12% of consolidated revenue) in FY2026, while the sale consideration of Rs. 77 crore is slightly below UMCL's annual revenue, and the transaction will not change Usha Martin's shareholding pattern.

  • · The transaction is subject to UMCL shareholders' approval and other conditions precedent.
  • · The Business Transfer Agreement (BTA) will be executed between the parties.
  • · The expected completion date is on or before the Long Stop Date, being 60 days from execution of the BTA.
  • · The transaction is outside the scope of the Scheme of Arrangement; Regulation 37A of LODR is not applicable.
  • · The buyer, R R Kabel Limited, is not related to Usha Martin's promoter or promoter group.
  • · No equity shares of UMCL are being sold or transferred; UMCL remains a wholly owned subsidiary.
  • · The Board meeting commenced at 8:30 p.m. and concluded at 8:55 p.m. on 24 September 2026.
Super Spinning Mills Limited Market Update positive materiality 5/10

24-09-2026

Super Spinning Mills Limited has executed a lease agreement with Kyungshin Industrial Motherson Private Limited for a property in Hindupur, Sri Sathya Sai District, covering approximately 4.01 acres. The lessee will construct a new facility on a built-to-suit basis with a built-up area of 1.93 acres for a 10-year term starting May 1, 2027. The company will receive a total interest-free refundable security deposit of ₹85,94,411, with 50% upon signing and 50% upon formal handover, and expects long-term assured rental income positively impacting operational revenue.

  • · Lease period commences from 1st May 2027.
  • · The lessee is not related to the promoter/promoter group and the transaction is not a related party transaction.
  • · No shareholding exists between the parties, and no special rights (e.g., right to appoint directors) are granted.
Prasol Chemicals Ltd Market Update neutral materiality 2/10

24-09-2026

Prasol Chemicals Ltd has announced a quarterly earnings conference call for Q1 FY27, scheduled for September 29, 2026, at 11:00 AM IST. The call will feature management speakers including Chairman & Whole Time Director Mr. Nishith Shah, Joint Managing Director Mr. Dhaval Parikh, and CFO Mr. Rahul Shroff, and is hosted by DAM Capital Advisors Ltd.

  • · The conference call is scheduled for Tuesday, 29 September 2026 at 11:00 AM IST.
  • · Dial-in numbers: +91 22 6280 1384, +91 22 7115 8285 (universal access).
  • · International timing: Hong Kong 13:30 HKT, Singapore 13:30 SGT, UK 06:30 BST, USA 01:30 EDT.
Piramal Finance Limited Market Notice mixed materiality 7/10

24-09-2026

Piramal Finance Limited disclosed that in FY26 it earned approximately Rs. 200 crore of Insurance Commission Income, with life insurance contributing Rs. 140 crore and non-life insurance Rs. 60 crore. The company exclusively distributes life insurance products of Pramerica Life Insurance (PLI), of which it is a promoter and 50% owner. If IRDAI's consultation paper on recalibrating insurance distribution economics is implemented as proposed from April 1, 2027, the company estimates an 18-24bps impact on FY28e RoA, though it expects levers and a natural hedge to cushion the impact and remains confident in its FY27e net profit growth guidance of ~50% YoY.

  • · IRDAI consultation paper titled 'Recalibrating Economics of Insurance Distribution' released on 23rd September 2026.
  • · Effective date of proposed changes: 1st April 2027.
  • · Piramal Finance is the promoter and 50% owner of PLI through its wholly owned subsidiary DHFL Investments Limited.
  • · The company exclusively distributes life insurance products of Pramerica Life Insurance.
  • · The company believes levers such as rationalisation of sales incentives and product clawbacks can cushion the impact.
  • · The company remains confident of meeting FY27e net profit growth guidance of ~50% YoY.
Unknown SEBI Regulation negative materiality 8/10

24-09-2026

SEBI has issued an order against Omaxe Limited for non-compliance with minimum public shareholding (MPS) requirements. The order, dated September 24, 2026, was issued by the Enforcement Directorate / Chief General Manager (Quasi-Judicial Authorities) and is part of SEBI's enforcement actions. The specific penalties or directives are not disclosed in this filing.

  • · SEBI order dated September 24, 2026
  • · Issued by Enforcement Directorate / CGM (Quasi-Judicial Authorities)
  • · Non-compliance with minimum public shareholding (MPS) rules
Olympic Cards Limited Market Update negative materiality 3/10

24-09-2026

Olympic Cards Limited has submitted a review waiver request to BSE regarding fines levied under Regulation 19(1)/(2)-Dec-2020 of SEBI (LODR) Regulations, 2015, for non-compliance. The company paid Rs.23,600/- (including GST) to BSE on 4.7.2026, as detailed in the remittance annexure, and is seeking early orders on the matter. This reflects an ongoing regulatory compliance issue, though the specific nature of the non-compliance is not disclosed.

  • · The company paid Rs.23,600/- to BSE on 4.7.2026, which includes Rs.10,000 fine for Regulation 19(1)/(2)-Dec-2020, Rs.10,000 fine for Regulation 31C-Dec-2020, and Rs.3,600 GST at 18%.
  • · The payment was remitted via RTGS/NEFT with UTR No. HDFCHO1 102664774 on 04-07-2026.
  • · The company had previously applied for 'Review of Waiver of Fines' via letters dated 6.7.2026 and 27.7.2026.
  • · The company's registered office is at 195, N.S.C. Bose Road, Chennai - 600 001, with CIN No. L65993TN1992PLC022521.
Godrej Consumer Products Limited Market Update neutral materiality 3/10

24-09-2026

Godrej Consumer Products Limited disclosed that on September 24, 2026, promoter group entities Godrej Industries Limited and Godrej Seeds & Genetics Limited sold an aggregate of 1,02,30,000 equity shares (1.00% of paid-up capital) through block deals, while four promoter individuals (Nadir Godrej, Nisaba Godrej, Pirojsha Godrej, Tanya Dubash) acquired the same number of shares. The transactions are internal transfers within the promoter group, resulting in no change in the overall promoter shareholding, which remains at 53.05%.

  • · The block deals were executed on stock exchanges on September 24, 2026.
  • · The transfer involves 1.00% of the paid-up equity share capital.
  • · The promoter group shareholding remains unchanged at 53.05% post-transaction.
Zodiac-JRD-MKJ Ltd. Market Update neutral materiality 3/10

24-09-2026

At the 39th Annual General Meeting held on September 24, 2026, shareholders of Zodiac JRD-MKJ Ltd. approved the reappointment of Mr. Girish L. Shethia as Statutory Auditor for a 5-year term, an increase in authorized share capital from ₹18,00,00,000 to ₹27,00,00,000 (a 50% increase), and the adoption of the 'Zodiac JRD MKJ Employees Stock Option Plan 2026' covering 7,68,294 shares. These approvals are routine governance matters and do not include any financial performance data.

  • · The reappointment of Mr. Girish L. Shethia is for a period of 5 consecutive years, from the conclusion of the 39th AGM until the 43rd AGM in FY 2030-2031.
  • · The authorized share capital increase is from ₹18,00,00,000 (1,80,00,000 equity shares of ₹10 each) to ₹27,00,00,000 (2,70,00,000 equity shares of ₹10 each).
  • · The ESOP Plan 2026 was approved by the Board on May 30, 2026, and is intended to attract, retain, and motivate key talent of the company, its holding company, and subsidiaries.
  • · The ESOP Plan is in compliance with SEBI (SBEB) Regulations, 2021.
Mapro Industries Ltd Corporate Governance neutral materiality 8/10

24-09-2026

Arambhveer Limited has launched an open offer to acquire up to 21,81,121 equity shares (26.00% of voting capital) of Mapro Industries Ltd at ₹60.13 per share, aggregating ₹13,11,50,806 Cr. The offer is triggered by a Share Purchase Agreement dated September 24, 2026, under which Arambhveer will acquire 21,85,430 shares (26.05%) from promoter Sandeep Gupta at ₹30.00 per share, gaining control. Post-offer, Arambhveer and its PACs would hold up to 52.23% of the target company, while the selling promoter will exit completely.

  • · The open offer is triggered under Regulations 3(1), 3(3) and 4 of SEBI (SAST) Regulations, 2011.
  • · The Detailed Public Statement (DPS) will be published on or before October 1, 2026.
  • · The tendering period will be 10 working days, to be disclosed in the Letter of Offer.
  • · Post-transaction, the selling promoter (Mr. Sandeep Gupta) will hold zero shares and be declassified from promoter category.
  • · If public shareholding falls below minimum required, the Acquirer undertakes to take steps to comply with 75% non-public shareholding limit.
  • · The target company's shares are listed only on BSE (Scrip Code: 509762, ISIN: INE848M01019).
Swelect Energy Systems Limited Market Update neutral materiality 6/10

24-09-2026

Swelect Energy Systems Limited's Investment Committee approved two investments: (1) an additional investment of up to ₹20,76,66,459 in USolar Assetco Four Private Limited for a 26.6 MWp DC solar plant, reducing its stake from 100% to 74% (making it a subsidiary, not wholly owned), and (2) the acquisition of 100% of GNU Solar Assetco Two Private Limited for ₹10,00,000 (₹10 lakh) to set up an 11 MWp DC solar plant. Both target entities are newly incorporated with nil turnover and nil PAT, so the investments are pre-revenue and carry execution risk.

  • · USolar Assetco Four was incorporated on 2nd June 2025 and became a wholly owned subsidiary on 9th July 2026.
  • · Post investment, Swelect's shareholding in USolar Assetco Four will drop from 100% to 74% due to allotment to other group captive investors.
  • · GNU Solar Assetco Two was incorporated on 15th June 2026 and is currently a subsidiary of U-SOLAR CLEAN ENERGY SOLUTIONS PRIVATE LIMITED.
  • · Both target entities have nil turnover and nil PAT for the latest financial year.
  • · The GNU Solar Two acquisition is not a related party transaction, but the investee will become a related party post-acquisition.
  • · The USolar Assetco Four investment is a related party transaction done at arm's length.
Swelect Energy Systems Limited Merger/Acquisition neutral materiality 6/10

24-09-2026

Swelect Energy Systems Limited approved two investments on September 24, 2026: an additional investment of up to ₹20,76,66,459 in its wholly owned subsidiary USolar Assetco Four Private Limited for a 26.6 MWp DC solar plant, and the acquisition of 100% equity of GNU Solar Assetco Two Private Limited for ₹10 lakh to set up an 11 MWp DC solar plant. Both entities are pre-revenue with nil turnover and nil PAT, and the investments are expected to increase consolidated turnover. The USolar investment will reduce Swelect's stake from 100% to 74% as other group captive investors participate.

  • · USolar Assetco Four was incorporated on 2nd June 2025 and became a wholly owned subsidiary on 9th July 2026.
  • · GNU Solar Assetco Two was incorporated on 15th June 2026 and is based in Karnataka.
  • · The USolar investment is a related party transaction (Swelect currently holds 100% equity; post-allotment it will hold 74%).
  • · The GNU Solar acquisition is not a related party transaction, but Swelect will become a related party after completion.
  • · Both target entities have nil turnover and nil PAT for the latest financial year (FY 2025-26).
  • · The USolar investment price per share is ₹89 (face value Re.1 plus premium of ₹88).
  • · The GNU Solar acquisition cost is not exceeding ₹10 lakh.
360 ONE MSCI India ETF Market Update neutral materiality 2/10

24-09-2026

The filing provides NAV data for three 360 ONE ETFs as of September 24, 2026: 360 ONE GOLD ETF (₹145.7826), 360 ONE SILVER ETF (₹222.5544), and 360 ONE MSCI India ETF (₹9.7292). No prior period data is included, so no performance trends or comparisons can be assessed.

  • · ISINs: INF579M01BB5 (Gold ETF), INF579M01BC3 (Silver ETF), INF579M01BP5 (MSCI India ETF)
  • · BSE Codes: 544375 (Gold ETF), 544389 (Silver ETF), 544766 (MSCI India ETF)
Suraj Industries Limited. Market Update positive materiality 6/10

24-09-2026

Suraj Industries Ltd. announced that its material subsidiary, Carya Chemicals & Fertilizers Private Limited, commenced production of Extra Neutral Alcohol at its grain-based distillery in Rajasthan from September 23, 2026. This marks a significant operational milestone for the subsidiary, though no financial details or production capacity figures were disclosed.

  • · Production commenced on September 23, 2026.
  • · Distillery location: SP1-2, RIICO Industrial Area, Village Guwadi & Majhari, Tehsil Shahbad, District Baran, Rajasthan – 325217.
  • · Intimation received from CARYA on September 24, 2026 at 7:14 P.M.
  • · Filing made under Regulation 30 of SEBI (LODR) Regulations, 2015.
General Insurance Corporation of India Market Update neutral materiality 3/10

24-09-2026

General Insurance Corporation of India announced that all resolutions proposed at its 54th Annual General Meeting held on 22nd September 2026 were passed by shareholders with the requisite majority. The voting results and scrutinizer's report were submitted to BSE and NSE, and are available on the company's website.

  • · 54th AGM held on 22nd September 2026 at 11:00 a.m. via Video Conferencing / Other Audio-Visual Means
  • · Voting conducted through remote e-voting and e-voting at AGM
  • · Scrutinizer's report prepared by M/s. Ragini Chokshi & Company
  • · Results hosted on www.gicre.in and www.evoting.nsdl.com
Nikhil Adhesives Ltd. Corporate Governance positive materiality 5/10

24-09-2026

Nikhil Adhesives Limited held its 40th Annual General Meeting on 22nd September 2026, where all 11 resolutions were passed with overwhelming shareholder support, with votes in favor ranging from 99.98% to 99.99%. Key approvals included the adoption of audited financials, a dividend of Re.0.22 per share, and the re-appointment of several directors, including Mr. Umesh Jayantilal Sanghavi as Chairman and Managing Director. However, voter turnout was relatively low at 49.42% of total shares, and a notable number of invalid votes were cast on director re-appointment resolutions, indicating some shareholder dissent or procedural issues.

  • · The AGM was held via video conferencing on 22-09-2026 from 3:00 PM to 3:36 PM.
  • · Remote e-voting period was from 19-09-2026 (9:00 AM) to 21-09-2026 (5:00 PM).
  • · Record date for voting was 15-09-2026.
  • · Promoter group voted 100% in favor on all resolutions where they participated.
  • · Public non-institutional shareholders showed slight dissent, with 0.1844% votes against on Resolution 1.
  • · Resolution 10 (increase board powers) had 4 votes against, the highest number of against votes among all resolutions.
  • · The company is not listed on NSE or MSEI (NSE Symbol: NOTLISTED, MSEI Symbol: NOTLISTED).
  • · Scrutinizer report was issued on 24-09-2026 with UDIN F009364H001594387.
Som Datt Finance Corporation Ltd. Market Notice neutral materiality 3/10

24-09-2026

Crescentis Capital Limited (formerly Som Datt Finance Corporation Ltd.) has informed BSE that a Board meeting is scheduled for September 29, 2026, to consider updates and progress on a proposal to raise funds via a rights issue of equity shares. The meeting may also consider other business brought before the Board.

  • · The Fund Raising Committee was constituted at the Board Meeting of May 29, 2026.
  • · The rights issue proposal is subject to regulatory/statutory approvals.
  • · The company's registered office is in Hyderabad, Telangana.
  • · The company's scrip code is 511571.
Sunil Agro Foods ltd. Corporate Governance neutral materiality 1/10

24-09-2026

Sunil Agro Foods Ltd. filed a clarification with BSE on September 24, 2026, correcting an inadvertent error in the quorum count reported for its 38th Annual General Meeting held on September 23, 2026. The quorum count was revised from 34 to 35 members. This is a minor administrative correction with no financial or operational impact.

Shriram Pistons & Rings Limited Market Update neutral materiality 1/10

24-09-2026

Shriram Pistons & Rings Limited (now SPR Auto Technologies Limited) has announced the closure of its trading window under SEBI PIT Regulations, effective from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter and half year ending September 30, 2026. This routine compliance disclosure restricts trading by designated persons and their relatives, with no financial impact.

  • · Trading window closure effective from October 1, 2026
  • · Closure remains until 48 hours after declaration of Q2 FY27 (quarter ending September 30, 2026) financial results
  • · Company name changed to SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited)
Unknown Market Update neutral materiality 5/10

24-09-2026

Sustainable Energy Infra Trust (SEIT) has informed the exchanges that Asian Infrastructure Investment Bank (AIIB), an existing unitholder, proposes to sell up to 4,86,00,000 units (15% of SEIT's unit capital) via an Offer for Sale (OFS) on NSE on September 24, 2026. This is a routine disclosure under SEBI InvIT Regulations and does not reflect any operational or financial change at SEIT itself.

  • · The OFS will be conducted through a separate, designated window of NSE in accordance with the SEBI OFS framework.
  • · The notice from AIIB was dated September 23, 2026 and is publicly available on the NSE website.
  • · The filing is made under Regulation 23(6)(i) of the SEBI InvIT Regulations.
The Anup Engineering Limited Market Update neutral materiality 1/10

24-09-2026

The Anup Engineering Limited informed the stock exchanges that its Secretarial Auditor, M/s. ALAP & Co. LLP, has changed its name to M/s. Prasad and Partners LLP, effective 24th September 2026. The change is only in the firm's name; the terms, tenure, and scope of the appointment remain unchanged. This is a routine administrative update with no financial impact.

  • · The appointment of the Secretarial Auditor was originally intimated on 13th May 2025 for a period of five consecutive years from FY 2025-26 to FY 2029-30.
  • · The name change was communicated to the company by the audit firm on 24th September 2026.
  • · Security Code: 542460, Security ID: ANUP, Symbol: ANUP.
Unknown Market Update neutral materiality 3/10

24-09-2026

Sustainable Energy Infra Trust (SEIT) has made timely coupon payments totaling approximately ₹27.97 crore for three series of its listed non-convertible debt securities (ISINs INE0R8O07010, INE0R8O07036, INE0R8O07028) on September 24, 2026, ahead of the due date of September 30, 2026. The payments cover quarterly interest for the period ending September 2026, with no defaults or delays reported.

  • · Record date for interest payment was September 15, 2026.
  • · Last interest payment date was June 25, 2026.
  • · No change in frequency of payment for any series.
  • · Total payment amounts were rounded up as per the filing.
BLS International Services Limited Market Update mixed materiality 5/10

24-09-2026

BLS International Services Limited disclosed the voting results and scrutinizer's report for its 42nd Annual General Meeting held on September 23, 2026. All five resolutions were passed, including the adoption of financial statements, declaration of a final dividend of ₹0.50 per share, and the re-appointment of Mr. Shikhar Aggarwal as Joint Managing Director. However, significant opposition was recorded from public institutional shareholders on the re-appointment of Mr. Aggarwal (84.18% against) and his appointment as director (55.21% against), indicating governance concerns among institutional investors.

  • · Record date for voting was September 16, 2026.
  • · Scrutinizer appointed on August 7, 2026; report issued on September 24, 2026.
  • · Resolution 4 (appointment of Mr. Manoj Joshi as Independent Director) passed with 99.94% votes in favour.
  • · Resolution 5 (re-appointment of Mr. Shikhar Aggarwal as Joint Managing Director) passed with 95.69% votes in favour overall, but public institutions voted 84.18% against.
  • · Resolution 3 (re-appointment of Mr. Shikhar Aggarwal as director) passed with 97.17% votes in favour overall, but public institutions voted 55.21% against.
  • · No invalid votes were recorded in any category.
BARODA BNP PARIBAS MUTUAL FUND Index Update neutral materiality 1/10

24-09-2026

Baroda BNP Paribas Mutual Fund published an index update on September 24, 2026, reporting the net asset values (NAVs) for two of its schemes: BBNPPGOLD (ISIN INF251K01SU9) at ₹144.5484 and BBNPNBETF (ISIN INF251K01TL6) at ₹55.9451. No additions or deletions were made to the portfolio constituents.

  • · No additions or deletions were made to the portfolio (Add=0, Less=0 for both schemes).
  • · The update covers two schemes: a gold-linked scheme (BBNPPGOLD) and an ETF (BBNPNBETF).
Sunil Agro Foods ltd. Corporate Governance positive materiality 3/10

24-09-2026

Sunil Agro Foods held its 38th AGM on September 23, 2026, where all three resolutions—adoption of financial statements, reappointment of Mrs. Manvi Jain as director, and re-appointment of Mr. Pramod Kumar S as Whole Time Director—were passed with overwhelming shareholder support. Voting saw 78.37% of outstanding shares polled, with 99.9999% in favor and only 2 votes against, indicating strong shareholder approval. However, public non-institutional shareholder participation was relatively low at 28.22% of their shares, while promoter participation was high at 98.11%.

  • · Remote e-voting was open from September 20, 2026 (9:00 AM IST) to September 22, 2026 (5:00 PM IST).
  • · E-voting at the AGM was available for 30 minutes for shareholders present via VC/OAVM.
  • · Cut-off date for entitlement to vote was September 16, 2026.
  • · No invalid votes were recorded for any resolution.
  • · The AGM lasted from 11:00 AM to 11:19 AM IST.
  • · The company is listed on BSE (Scrip code 530953) and is not listed on NSE or MSEI.

Get daily alerts with 12 investment signals, 10 risk alerts, 10 opportunities and full AI analysis of all 50 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

🇮🇳 More from India

View all →