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India Pre-Market Regulatory Roundup — October 02, 2026

India Before-Market Intelligence

By Gunpowder Editorial ·

1 high priority 49 medium priority 50 total filings analysed

Executive Summary

The overnight filing period from September 30 to October 1, 2026, reveals a market dominated by routine AGM approvals, but punctuated by several high-impact events. The most critical development is the legal setback for Vedanta Aluminium Metal Ltd, whose writ petition challenging the bauxite linkage policy was dismissed by the Orissa High Court, creating significant raw material supply risk.

On the positive side, TCS announced a transformative deal to transition Best Buy's Global Capability Center, creating an AI-centered innovation hub, while Juniper Green Energy commissioned additional wind capacity, signaling continued momentum in the renewable energy sector. A major capital raise is on the horizon with Swaraj Suiting Ltd seeking shareholder approval for a combined ₹174.20 Cr preferential issue. However, governance concerns are highlighted by SecureKloud Technologies defaulting on a ₹3.14 Cr interest payment to its promoter, and AYM Syntex receiving a GST show cause notice for ₹2.32 Cr. The period also saw the NCLT approving the Tata Steel-Rujuvalika amalgamation and the JSW Energy-GE Power India scheme, indicating ongoing corporate restructuring activity. Overall, the digest is mixed, with clear bullish signals from TCS and Juniper Green Energy, offset by bearish risks from Vedanta and SecureKloud.

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

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

Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from October 01, 2026.

Investment Signals (10)

  • TCS (BULLISH)
    ▲

    Agreement to transition Best Buy's GCC in India, creating an AI-centered technology and innovation hub; multi-year AI Capability Center established; no financial terms disclosed but signals strong demand for AI services

  • Commissioned additional 15.5 MW wind capacity; aggregate operational capacity now ~2,740 MWp and ~603 MWh BESS; continued execution on 550.6 MWp project

  • Consolidated revenue grew 15.7% YoY to ₹1,645.40M; net profit surged 45.7% YoY to ₹143.77M; strong YoY growth despite sequential decline due to seasonality; recently completed ₹3,510.30M IPO

  • ▲

    Achieved Dual 5-Star GRESB rating for second consecutive year; scored 100/100 in Development category; ranked No.1 among Indian residential real estate peers; top quintile globally

  • ▲

    Seeking shareholder approval for preferential issue of 35,00,000 equity shares at ₹335/share (₹117.25 Cr) and 17,00,000 warrants (₹56.95 Cr); total fundraise target ₹174.20 Cr; EGM on Oct 24, 2026

  • Extended closing date for JV investment in Zydus Sunshine Lifesciences; deal now expected to close by December 2026; indicates deal progressing but delayed

  • Shareholders approved altering main object clause to expand into chemicals, pharmaceuticals, agrochemicals; strategic diversification beyond core surfactants

  • Shareholders approved MoA amendments to include renewable energy projects and broaden trading/investment capabilities; strategic pivot

  • Biocon ↓ (BULLISH)
    ▲

    Granted 94,60,232 stock options under new LTIP 2026; exercise price ₹5/option; significant employee incentive program signaling long-term growth confidence

  • ▲

    Granted 17,996 stock options under ESOP 2019; vesting period 1-4 years; small grant but indicates talent retention focus

Risk Flags (8)

  • Orissa High Court dismissed writ petition challenging bauxite linkage policy on Oct 1, 2026; potential impact on raw material access; financial/operational impact not yet quantified

  • Defaulted on ₹3,14,26,183 interest payment to promoter Mr. R S Ramani on Oct 1, 2026; possible legal action by lender/promoter; severe governance and liquidity concern

  • AYM Syntex/GST Notice↓ [MEDIUM RISK]
    ▼

    Received Show Cause Notice from Maharashtra GST Department for ₹2,31,85,885 (tax ₹1.17 Cr, interest ₹1.00 Cr, penalty ₹0.15 Cr) for FY 2022-23; multiple compliance issues including delayed payment interest, ineligible ITC

  • Resolution to reappoint Mr. Ajay Rajnikant Shah as director defeated with 91.33% votes against; significant shareholder dissent on board composition

  • Public non-institutional shareholders voted against all resolutions by 70-74% margin; though dwarfed by promoter support, indicates significant retail dissatisfaction with management

  • Zinema Media & Entertainment/Low Participation [LOW RISK]
    ▼

    Only 39.45% of total shares voted; public non-institutional participation at just 23.48%; all resolutions passed with 100% in favor but low turnout raises governance questions

  • Only 1.0017% of public non-institutional shares voted; extremely low retail engagement despite all resolutions passing unanimously

  • Ahmedabad Municipal Corporation reduced free sale land from ₹48.51 Cr to ₹26.39 Cr; though compensated with additional TDR, change in project economics needs monitoring

Opportunities (9)

  • TCS/Best Buy Deal (OPPORTUNITY)
    ◆

    Transition of Best Buy's GCC creates AI Capability Center; TCS's strong revenue base (US$30B+ FY26) and global reach (56 countries) position it for further GCC wins; watch for deal value disclosure

  • Commissioned 15.5 MW wind capacity; aggregate operational capacity now ~2,740 MWp; continued execution on 550.6 MWp project with BESS; strong growth trajectory in renewable energy

  • Revenue up 15.7% YoY, profit up 45.7% YoY; recently completed ₹3,510.30M IPO (Sept 2026); fresh capital to fuel real estate development; seasonal QoQ decline typical for sector

  • Preferential issue at ₹335/share (₹174.20 Cr total) to institutional investors including Clarus Capital I (AIF); EGM on Oct 24, 2026; strong institutional interest signals confidence

  • Shareholders approved expansion into chemicals, pharmaceuticals, agrochemicals; moving beyond core surfactants into higher-value segments; potential for revenue diversification and margin expansion

  • MoA amended to include renewable energy projects; company expanding into high-growth sector; watch for project announcements

  • ◆

    Dual 5-Star GRESB rating for second year; 100/100 in Development; ranked No.1 among Indian residential peers; ESG leadership could attract institutional capital and lower cost of capital

  • Biocon/LTIP 2026↓ (OPPORTUNITY)
    ◆

    Granted 94.6 lakh stock options at ₹5 exercise price; significant employee incentive aligning management with shareholders; indicates confidence in long-term growth

  • Tata Steel/Corporate Simplification (OPPORTUNITY)
    ◆

    NCLT approved amalgamation of wholly owned subsidiary Rujuvalika Investments; simplifies structure, reduces compliance costs; no cash outlay or share issuance; efficiency gain

Sector Themes (6)

  • Renewable Energy Momentum
    ◆

    Juniper Green Energy commissioned additional 15.5 MW wind capacity, while Chemtech Industrial Valves amended MoA to include renewable energy projects. The sector continues to attract investment and expand capacity, with Juniper's aggregate operational capacity reaching ~2,740 MWp. This theme is supported by policy tailwinds and corporate ESG commitments.

  • Corporate Restructuring & Simplification
    ◆

    Two major NCLT approvals (Tata Steel-Rujuvalika amalgamation and JSW Energy-GE Power India scheme) highlight a trend towards corporate simplification and consolidation. These moves reduce compliance burdens and eliminate cross-shareholding issues, creating leaner corporate structures.

  • Governance & Compliance Scrutiny Intensifying
    ◆

    Multiple filings show increased regulatory scrutiny: AYM Syntex received a GST SCN for ₹2.32 Cr, Akzo Nobel India (JSW Dulux) received a GST SCN for ₹11.84 Lakh, and SecureKloud defaulted on promoter loan interest. This suggests tax authorities are intensifying audits, and companies with weak compliance frameworks face heightened risk.

  • Shareholder Activism & Dissent Rising
    ◆

    Panacea Biotec saw 70-74% of non-institutional votes against all resolutions, and Organic Coatings saw a director reappointment defeated with 91.33% against. This indicates growing retail shareholder activism and willingness to vote against management proposals, even when promoters have controlling stakes.

  • Low Retail Participation in AGMs
    ◆

    Across multiple AGMs (Zinema Media, Vama Industries, VSD Confin, iCodex), public non-institutional shareholder participation was extremely low (1-23% of eligible shares). This persistent apathy raises governance concerns as resolutions pass with minimal retail input, potentially allowing management to push through unfavorable proposals.

  • AI & Technology Services Growth
    ◆

    TCS's Best Buy GCC deal underscores the growing trend of global companies establishing AI capability centers in India. TCS's strong positioning (US$30B+ revenue, 56 countries) makes it a key beneficiary of this trend, which is expected to drive demand for AI/ML talent and services.

Watch List (8)

  • EGM on Oct 24, 2026 to approve ₹174.20 Cr preferential issue; e-voting Oct 21-23; cut-off date Oct 17; outcome will determine capital infusion and dilution impact

  • Company reviewing Orissa High Court dismissal of bauxite linkage petition; next legal steps and potential operational impact on raw material supply need monitoring

  • Defaulted on ₹3.14 Cr promoter loan interest; possible legal action; watch for repayment plan, liquidity position, and promoter response

  • JV with Sunshine Healthcare Lanka expected to close by Dec 2026; delay indicates pending condition precedents; watch for completion announcement

  • TCS/Best Buy Deal
    👁

    Multi-year AI Capability Center agreement; financial terms not disclosed; watch for deal value, revenue contribution, and impact on margins

  • Director reappointment defeated; company shifting registered office from Maharashtra to Gujarat; watch for further board changes and strategic direction

  • EGM on Oct 26, 2026 for 'A' equity shareholders to remove transfer restrictions on 27,600 shares; outcome will determine listing eligibility and share structure simplification

  • AMC amended slum rehabilitation project terms; reduced free sale land but added TDR; watch for project execution and cash flow impact

Filing Analyses (50)
Unknown Market Update neutral materiality 4/10

01-10-2026

Si Creva Capital Services Private Limited has made timely payment of interest and a partial redemption on its NCDs (ISIN: INE996U07453), with ₹21.37 Lakh interest (net of tax) and ₹500 Lakh partial redemption paid on September 30, 2026, as scheduled. The outstanding amount after this redemption is ₹1,500 Lakh. There were no delays or defaults, and the company continues to meet its debt obligations on schedule.

  • · Interest payment is monthly, with last interest paid on August 31, 2026.
  • · Partial redemption is based on face value: each NCD’s face value reduced from ₹66,666.66 to ₹49,999.99 post redemption.
  • · Outstanding amount after redemption is ₹1,500 Lakh (down from ₹2,000 Lakh before redemption).
Unknown Merger/Acquisition neutral materiality 7/10

01-10-2026

Tata Steel Limited received NCLT Mumbai Bench approval on October 1, 2026, sanctioning the Scheme of Amalgamation with its wholly owned subsidiary Rujuvalika Investments Limited, effective from the appointed date of April 1, 2023. The amalgamation simplifies the corporate structure, reduces legal entities and compliance burdens, and involves no cash payment or issuance of new shares. However, the scheme faced regulatory scrutiny, including observations from the ROC and a requirement to justify the significantly ante-dated appointed date, though these were addressed.

  • · The Transferor Company (Rujuvalika Investments Limited) is a wholly owned subsidiary of Tata Steel Limited and has no active operations as an NBFC.
  • · The Transferor Company was recategorized by RBI as a Systemically Important Non-Deposit Taking Middle Layer NBFC.
  • · The Board of Directors of the Transferor Company approved the Scheme on 19.03.2024, with revisions on 10.07.2024; the Transferee Company gave in-principle approval on 20.03.2024.
  • · The ROC Mumbai-I filed a report dated 05.08.2026, and the Regional Director's report was filed on 21.08.2026, with observations addressed by the companies.
  • · The appointed date is 01.04.2023, which is significantly ante-dated beyond a year from the date of filing; justification was provided as per MCA Circular dated 21.08.2019.
  • · No new shares shall be issued nor any cash payment made by the Transferee Company under the Scheme.
  • · The Transferor Company's shares held by Tata Steel will be cancelled without any further act or deed.
  • · The Transferor Company has filed financial statements up to 31.03.2025.
  • · The Transferor Company became a subsidiary of Tata Steel on May 8, 2015, prior to which it was an associate company.
CHEMTECH INDUSTRIAL VALVES LIMITED Market Update neutral materiality 3/10

01-10-2026

Chemtech Industrial Valves Limited held its 30th AGM on September 30, 2026, where all four resolutions were passed with requisite majority. The resolutions included adoption of audited financial statements, re-appointment of director Puneet Pradeep Badkur, approval to increase loan and investment limits under Section 186, and alteration of the company's Memorandum of Association. While resolutions 1 and 4 received unanimous approval (100% votes in favour), resolutions 2 and 3 saw 1.78% votes against, all cast by public institutional shareholders.

  • · Remote e-voting period: September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST).
  • · Cut-off date for entitlement to vote: September 23, 2026.
  • · No shareholders attended the meeting in person; 51 public shareholders attended via video conferencing.
  • · Public institutional shareholders voted 100% against Resolutions 2 and 3 (re-appointment of director and increase in loan/investment limit).
  • · Promoter group voted 100% in favour of all resolutions.
  • · Overall voter turnout was 44.38% of total shares held.
HIM TEKNOFORGE LIMITED Market Update positive materiality 2/10

01-10-2026

Him Teknoforge Limited held its 55th Annual General Meeting on 30 September 2026, and all 8 resolutions were passed by overwhelming majority. Resolutions included adoption of audited financial statements, declaration of dividend, re-appointment and appointment of directors (including independent directors), approval of material related party transactions with Globe Precision Industries Pvt Ltd, and ratification of cost auditor remuneration. The meeting saw 30 shareholders present in person or by proxy out of 4,954 on record, with total shares held of 10,331,016. Notably, promoters abstained from voting on resolutions where they were interested parties (Resolutions 3, 4, 5, 7, 8), and in Resolution 5 (appointment of Mrs. Prerna Sudeep Bokil) only 89.24% of promoter shares were polled, indicating 10.76% non-participation.

  • · All 8 resolutions were ordinary or special, all passed with near-unanimous votes from those polled.
  • · Promoters (holding 5,617,267 shares) abtained from voting on Resolutions 3, 4, 5, 7, and 8 as they were interested parties.
  • · In Resolution 5, only 5,013,001 of 5,617,267 promoter shares were polled (89.24%), leaving 604,266 shares not voted (10.76% abstention).
  • · Only 3 votes were cast against Resolution 1 and 2 (by public non-institutions), and 22 votes against Resolutions 3, 4, 7, and 8.
  • · No invalid votes were recorded for any resolution.
  • · Total voter turnout ranged from 6.71% (Resolutions 3 and 7, where promoters abtained) to 61.08% (where promoters voted).
ZINEMA MEDIA AND ENTERTAINMENT LIMITED Corporate Governance neutral materiality 5/10

01-10-2026

Zinema Media and Entertainment Limited held its 42nd Annual General Meeting on September 30, 2026, where all 10 resolutions were passed with 100% votes in favour from both promoters and public non-institutional shareholders. Key approvals included adoption of standalone and consolidated financial statements, re-appointment of Managing Director Baskaran Sathya Prakash, appointment of statutory auditors, increase in authorised share capital, and a preferential issue of up to 24,99,000 equity shares at ₹10 each aggregating ₹2,49,90,000. However, overall shareholder turnout was low at 39.45% of total shares, with public non-institutional shareholders showing only 23.48% participation.

  • · All 10 resolutions passed with 100% votes in favour, no votes against from any category.
  • · Promoter group holds 14,84,830 shares (20.87% of total) and voted 100% in favour.
  • · Public non-institutional shareholders hold 56,29,670 shares (79.13% of total) but only 13,21,670 shares (23.48%) were voted.
  • · No institutional shareholders participated in voting.
  • · The company plans to issue up to 24,99,000 equity shares on a preferential basis to non-promoter category allottees, as per NCLT order dated December 19, 2024.
  • · Authorised share capital increase and alteration of capital clause in Memorandum of Association were approved.
  • · Resolutions also included approval for loans, guarantees, investments under Section 186, borrowing powers under Section 180(1)(c), and creation of security on company properties.
YUVRAAJ HYGIENE PRODUCTS LTD Market Update neutral materiality 3/10

01-10-2026

Yuvraaj Hygiene Products Ltd held its 31st Annual General Meeting on September 30, 2026 via video conferencing. Both ordinary resolutions—adoption of audited financial statements for FY ended March 31, 2026 and re-appointment of Mr. Ankur Kampani as director—were passed with overwhelming support (99.9889% votes in favor). However, public non-institutional shareholder participation was extremely low, with only 34 out of 7,194 shareholders casting votes, representing just 0.0801% of outstanding shares in that category.

  • · AGM held via VC/OAVM on September 30, 2026 from 12:10 PM to 12:24 PM.
  • · Record date for voting was September 23, 2026.
  • · Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM).
  • · No shareholders attended in person or by proxy; 2 promoters and 31 public attended via video conferencing.
  • · No invalid votes were recorded for either resolution.
  • · Promoter group holds 47,925,500 shares (52.87% of total outstanding).
  • · Public non-institutional shareholders hold 42,730,906 shares (47.13% of total outstanding).
  • · Only 34,213 public non-institutional votes were polled out of 42,730,906 shares held, indicating negligible retail participation.
Organic Coatings Ltd. Corporate Governance mixed materiality 6/10

01-10-2026

Organic Coatings Limited held its 61st AGM on 29 September 2026 via video conferencing, with 14 resolutions considered. While 13 resolutions were passed with overwhelming support (over 99.9% in favour), Resolution 2 to reappoint Mr. Ajay Rajnikant Shah as a director was defeated, with 91.33% of votes cast against it. The company also plans to shift its registered office from Maharashtra to Gujarat.

  • · The AGM was held on 29 September 2026 from 01:30 PM to 02:18 PM.
  • · The record date for voting eligibility was 22 September 2026.
  • · No shareholders attended the meeting in person or by proxy; all 36 attendees joined via video conferencing.
  • · Resolution 2 (reappointment of Mr. Ajay Rajnikant Shah) was the only resolution that failed, with 51,163 votes against and 4,319 in favour from public non-institutional shareholders.
  • · The promoter group voted unanimously in favour of all resolutions, including Resolution 2.
  • · Resolution 9 seeks approval to shift the registered office from Maharashtra to Gujarat, requiring a special resolution.
  • · No invalid votes were recorded for any resolution.
  • · The scrutinizer's report was issued on 01 October 2026.
AYM Syntex Limited Market Notice negative materiality 5/10

01-10-2026

AYM Syntex Limited has received a Show Cause Notice (SCN) from the Maharashtra GST Department under Section 73(1) of the CGST/MGST Act, 2017 for FY 2022-23, proposing a total recovery of Rs. 2,31,85,885/- comprising tax of Rs.1,16,66,378/-, interest of Rs.1,00,25,137/-, and penalty of Rs.14,94,370/-. The company states there is no immediate financial impact and is evaluating the SCN to file a detailed reply, but the notice covers multiple GST compliance issues including delayed payment interest, disallowance of credit notes, and ineligible ITC.

  • · The SCN was received on September 30, 2026, and uploaded on the GST portal.
  • · The notice is from the Office of the Deputy Commissioner of State Tax, THA-AUD-E-0004 (Thane Audit_504), Department of Goods and Services Tax, Government of Maharashtra.
  • · The SCN covers multiple GST audit objections including delayed payment interest, disallowance of credit notes, RCM on import of services, ineligible ITC, ITC reversal for payments after 180 days, RCM on renting of motor vehicles and travelling expenses, ITC disallowance on insurance claim, and disallowance of ISD credit for non-production of relevant documents.
  • · No penalty, restriction, or sanction has been imposed as on date; the penalty is proposed and subject to adjudication.
MENA MANI INDUSTRIES LIMITED Market Notice neutral materiality 3/10

01-10-2026

Mena Mani Industries Limited announced at its AGM held on September 30, 2026, the reappointment of Mr. Swetank M. Patel as Managing Director for a further five-year term from March 1, 2026 to February 28, 2031. The company affirmed that Mr. Patel has not been debarred by SEBI or other authorities. The AGM lasted 15 minutes, from 11:30 a.m. to 11:45 a.m.

  • · Mr. Swetank M. Patel is a Promoter & Managing Director of the Company.
  • · He is aged 60 years and has over 30 years of experience.
  • · Mrs. Hina S. Patel and Mr. Swetank M. Patel are related as husband and wife.
  • · The reappointment was approved by the Board on February 14, 2026, and ratified by shareholders at the AGM on September 30, 2026.
  • · The AGM lasted 15 minutes (11:30 a.m. to 11:45 a.m.).
Flexituff Ventures International Limited Market Update neutral materiality 3/10

01-10-2026

Flexituff Ventures International Limited has appointed three new directors to its Board, subject to shareholder approval: Mrs. Surabhi Singh Rathod as an Additional Non-Executive Independent Woman Director (5-year term), Mr. Siddharth Shankar Mahajan as an Additional Non-Executive Independent Director (5-year term), and Mrs. Gudiya Yadav as an Additional Non-Executive Non-Independent Woman Director (2-year term). The appointments were approved by the Board on October 1, 2026, and are intended to strengthen corporate governance, financial oversight, and operational supervision. No financial data or performance metrics are disclosed in this filing.

  • · Mrs. Surabhi Singh Rathod (DIN: 11878920) is a qualified Company Secretary with practical experience in corporate compliance and secretarial matters; term: October 1, 2026 to September 30, 2031.
  • · Mr. Siddharth Shankar Mahajan (DIN: 10819584) is a qualified Chartered Accountant with experience in accounting, taxation, and financial compliance; term: October 1, 2026 to September 30, 2031.
  • · Mrs. Gudiya Yadav (DIN: 11693940) has practical experience in operational supervision and will assist in production-related activities; term: October 1, 2026 to September 30, 2028.
  • · None of the appointees are related to any existing director, and none are debarred from holding the office of director by SEBI or any other authority.
CHEMTECH INDUSTRIAL VALVES LIMITED Corporate Governance neutral materiality 5/10

01-10-2026

Chemtech Industrial Valves Limited shareholders approved amendments to the Memorandum of Association via a Special Resolution at the 30th AGM held on September 30, 2026, with the Scrutinizer's Report received on October 01, 2026. The amendments expand the company's objects to include renewable energy projects and broaden its trading and investment capabilities, including acquisitions and joint ventures. No financial figures were disclosed in this filing.

  • · AGM held on September 30, 2026 via Video Conferencing/Other Audio Visual Means
  • · Scrutinizer's Report received on October 01, 2026 at 6:19 P.M.
  • · Amendments include inserting sub-clauses 2 and 3 in Clause III(A) and sub-clauses 32 and 33 in Clause III(B) of the MoA
  • · New objects cover renewable energy projects including solar, wind, hydro, biomass, biogas, waste-to-energy, green hydrogen, and energy storage
  • · Expanded powers to form subsidiaries, acquire companies, and undertake mergers or amalgamations in India and abroad
ZINEMA MEDIA AND ENTERTAINMENT LIMITED Market Update neutral materiality 5/10

01-10-2026

Zinema Media and Entertainment Limited announced that all 10 resolutions at its 42nd Annual General Meeting held on September 30, 2026, were passed with the requisite majority. The resolutions included adoption of audited standalone and consolidated financial statements, re-appointment of Managing Director Baskaran Sathya Prakash, appointment of statutory auditors, increase in authorized share capital, and several special resolutions related to fundraising, borrowing, and investment powers. However, overall shareholder turnout was low at 39.45% of total shares, with public non-institutional shareholders showing only 23.48% participation via e-voting and none through poll.

  • · All 10 resolutions were passed with 100% votes in favour and zero against.
  • · No institutional shareholders (public-institutions) participated in voting.
  • · Public non-institutional shareholders held 56,29,670 shares but only 13,21,670 shares (23.48%) were voted via e-voting; no poll votes were cast by this category.
  • · Promoter group voted 100% of their 14,84,830 shares (95.96% via e-voting, 4.04% via poll).
  • · A special resolution was passed to issue up to 24,99,000 equity shares at ₹10 each (aggregate ₹2,49,90,000) on a preferential basis to non-promoter allottees, pursuant to an NCLT order dated December 19, 2024.
  • · Resolutions included increasing authorized share capital and altering the capital clause of the Memorandum of Association.
JSW Energy Limited Merger/Acquisition neutral materiality 2/10

01-10-2026

JSW Energy Limited has received the NCLT's sanction order approving a scheme of arrangement between GE Power India Limited (demerged company) and JSW Energy Limited (resulting company) under sections 230-232 of the Companies Act, 2013. The certified copy of the order is awaited, and the company will announce the effective date after receiving the same. No financial figures or period-over-period comparisons are disclosed in this update.

  • · The NCLT, Mumbai Bench, sanctioned the scheme on 1st October 2026.
  • · BSE observation letter received on 2nd April 2026; NSE observation letter also received.
  • · Shareholder and unsecured creditor meetings were held on 20th July 2026 pursuant to NCLT order dated 2nd June 2026.
  • · Company's board approved the scheme on 18th September 2025.
ICODEX PUBLISHING SOLUTIONS LIMITED Market Update neutral materiality 3/10

01-10-2026

iCodex Publishing Solutions Limited held its 8th Annual General Meeting on September 30, 2026, via video conferencing, with only 5 members attending. All four resolutions, including the adoption of audited financials, reappointment of a Whole-Time Director, appointment of an Independent Director, and a special resolution to change the company's name to 'iCodex Limited', were passed unanimously with 100% votes in favour. The Board did not recommend any dividend for the financial year ended March 31, 2026, citing future business plans.

  • · The AGM lasted only 10 minutes, from 02:30 PM to 02:40 PM IST.
  • · Remote e-voting was open from September 27 to September 29, 2026.
  • · No dividend was recommended by the Board for FY ending March 31, 2026.
  • · The company proposed to change its name from 'iCodex Publishing Solutions Limited' to 'iCodex Limited' via a special resolution.
  • · All resolutions received 100% votes in favour with zero votes against.
  • · Only 5 out of 903 shareholders attended the meeting (3 from promoter group, 2 from public).
Kratikal Tech Ltd Market Update neutral materiality 3/10

01-10-2026

Kratikal Tech Ltd granted 17,996 stock options under its ESOP 2019 plan, each convertible into one equity share of face value ₹10, to an eligible employee. The grant was approved by the Nomination and Remuneration Committee on October 1, 2026, with a vesting period of 1 to 4 years. No financial impact or exercise details are available yet, as options are yet to be exercised.

  • · Vesting period: minimum 1 year, maximum 4 years from date of grant
  • · Exercise period: 30 days from date of vesting, otherwise options lapse
  • · Options granted at face value of ₹10 per option
  • · Exercise details (options exercised, money realized, shares arising) to be determined post exercise period
  • · No variation of terms or subsequent changes reported
Vedanta Aluminium Metal Ltd Market Update negative materiality 6/10

01-10-2026

Vedanta Aluminium Metal Ltd (VAML) disclosed that the Hon'ble High Court of Orissa dismissed its writ petition challenging the bauxite linkage policy on October 01, 2026. The company is reviewing the judgment and evaluating next steps, including legal options. This legal setback could impact the company's access to bauxite raw material, though the financial and operational implications are not yet quantified.

  • · The writ petition challenged the provisions of the bauxite linkage policy.
  • · The High Court order was uploaded on the Orissa High Court website on October 01, 2026 at around 02:00 pm IST.
  • · The company has not yet disclosed the specific financial or operational impact of the dismissal.
SMC Credits ltd. Market Update neutral materiality 3/10

01-10-2026

SMC Credits Limited announced the resignation of Mr. Ankit Aggarwal as Company Secretary and Compliance Officer (Key Managerial Personnel and Senior Management Personnel), effective from close of business hours on October 7, 2026, due to personal reasons. The company is in the process of hiring a suitable replacement and will inform the stock exchanges once the vacancy is filled. This is a routine key managerial personnel change with no financial impact disclosed.

  • · Resignation letter dated October 1, 2026
  • · Relieved from responsibilities effective close of business hours on October 7, 2026
  • · Company is in the process of hiring a suitable candidate for the position
  • · Disclosure made under Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Master Circular dated January 30, 2026
ZINEMA MEDIA AND ENTERTAINMENT LIMITED Corporate Governance neutral materiality 5/10

01-10-2026

Zinema Media and Entertainment Limited held its 42nd Annual General Meeting on September 30, 2026, where all 10 resolutions were passed with 100% votes in favour and no votes against. Key approvals included adoption of audited financials, re-appointment of Managing Director Baskaran Sathya Prakash, appointment of statutory auditors Patni Mandhana & Associates, increase in authorised share capital, and a preferential issue of up to 24,99,000 equity shares at ₹10 each (aggregating ₹2,49,90,000). However, overall shareholder turnout was low at 39.45% of total shares, with public non-institutional shareholders showing only 23.48% participation.

  • · The company has 155 shareholders on record as of September 23, 2026.
  • · Only 11 shareholders attended the meeting (3 promoters + 8 public).
  • · Promoter group holds 14,84,830 shares (20.87% of total 71,14,500 shares).
  • · Public non-institutional shareholders hold 56,29,670 shares (79.13% of total).
  • · Promoter group voted 100% of their shares; public non-institutional turnout was only 23.48%.
  • · No institutional shareholders (public-institutions) participated in voting.
  • · The preferential issue of up to 24,99,000 shares at ₹10 each (at par) is pursuant to an NCLT order dated December 19, 2024.
  • · Resolutions also included approval for loans/guarantees/investments under Section 186, borrowing powers under Section 180(1)(c), and creation of security under Section 180(1)(a).
Swaraj Suiting Ltd Market Notice neutral materiality 8/10

01-10-2026

Swaraj Suiting Ltd has called an Extraordinary General Meeting (EGM) on October 24, 2026, to seek shareholder approval via special resolution for two preferential issues: (1) issuance of up to 35,00,000 equity shares at ₹335/share (face value ₹10 + premium ₹325), aggregating up to ₹117.25 Cr to non-promoter entities including Clarus Capital I (AIF), Kritagyata Trust, and Emerge Capital Opportunities Scheme; and (2) issuance of up to 17,00,000 warrants convertible into equity shares at the same price, aggregating up to ₹56.95 Cr. The combined fundraise target is up to ₹174.20 Cr. The e-voting window runs from October 21 to October 23, 2026, with a cut-off date of October 17, 2026. The filing does not disclose any financial performance data, so no period-over-period comparisons are available.

  • · The EGM will be held via Video Conferencing/Other Audio Visual Means (VC/OAVM) on October 24, 2026 at 1:00 PM IST.
  • · Remote e-voting commences at 9:00 AM IST on October 21, 2026 and ends at 5:00 PM IST on October 23, 2026.
  • · Cut-off date for determining eligible members for e-voting is October 17, 2026.
  • · The relevant date for floor price determination under SEBI ICDR Regulations is September 24, 2026 (30 days prior to the EGM).
  • · Allotment of equity shares is proposed to be completed within 15 days from the date of passing the special resolution, subject to regulatory approvals.
  • · Equity shares issued will rank pari-passu with existing shares and will be subject to lock-in as per SEBI ICDR Regulations.
  • · The notice is being sent only through electronic mode to members whose email IDs are registered as of September 25, 2026.
Vruddhi Engineering Works Limited Market Update neutral materiality 3/10

01-10-2026

Vruddhi Engineering Works Ltd held its Annual General Meeting on September 30, 2026, where two ordinary resolutions were passed unanimously by poll with 100% of valid votes cast in favor. A total of 1,845,640 votes were polled, representing 73.14% of the total outstanding shares of 25,23,584. However, only 5 shareholders attended the meeting (3 from the promoter group and 2 public), with no shareholders joining via video conferencing, indicating very low retail participation.

  • · Poll details: 1,791,312 votes were cast by the promoter group (98.52% of their holding) and 54,328 votes by public non-institutional shareholders (7.70% of their holding). No votes were cast by public institutions.
  • · No invalid or abstain votes were recorded for either resolution.
  • · The scrutineer, Krushang Shah, was appointed by the Board on September 8, 2026, and issued the report on October 1, 2026.
  • · Record date for determining voting eligibility was September 23, 2026.
Max Estates Limited Market Update positive materiality 5/10

01-10-2026

Max Estates Limited announced it achieved a Dual 5-Star Rating in the 2026 GRESB Real Estate Assessment for the second consecutive year, scoring 100/100 in the Development category and 93.5/100 in Standing Investments. The company ranked No. 1 among its GRESB-defined peer group of six listed residential real estate entities in India, placing it in the top quintile of participants globally. This marks continued progress in embedding sustainability and ESG practices since first participating in GRESB in 2022.

  • · Max Estates has participated in GRESB since 2022 and has progressively strengthened its sustainability performance and disclosures.
  • · The company's ESG approach spans the real estate lifecycle from design and development to operations.
  • · Max Estates is the real estate arm of Max Group, established in 2016.
  • · The company is listed on NSE and BSE (Scrip Code: 544008, SYMBOL: MAXESTATES).
SHESHADRI INDUSTRIES LIMITED Market Update positive materiality 3/10

01-10-2026

Sheshadri Industries Limited submitted the Scrutinizer's report and voting results for its 17th Annual General Meeting held on September 30, 2026. All six resolutions on the agenda were passed with overwhelming majority, with over 99.99% of votes cast in favor for each resolution. The meeting saw participation from 71 members (57 via remote e-voting and 14 via poll at the venue), and the company dispatched notices to 3,402 members by email and 2,691 by post.

  • · The cut-off date for entitlement to vote was September 18, 2026.
  • · Remote e-voting was open from September 26, 2026 (9 AM IST) to September 29, 2026 (5 PM IST).
  • · The AGM was held at Incredible One Hotel, Secunderabad.
  • · All six resolutions were passed with 99.99% votes in favor and negligible votes against or abstentions.
  • · The total number of votes cast on each resolution was 1,55,99,27,656 (in favor) and 0 (against) for most resolutions, with a small number of abstentions.
ICODEX PUBLISHING SOLUTIONS LIMITED Market Update neutral materiality 3/10

01-10-2026

iCodex Publishing Solutions Limited held its 8th Annual General Meeting on September 30, 2026, via video conferencing, lasting only 10 minutes. All four resolutions were passed unanimously with 100% of votes polled in favor, including the adoption of annual accounts, the reappointment of a Whole-Time Director, the appointment of an Independent Director, and a special resolution to change the company's name to 'iCodex Limited'. The meeting was attended by only 5 members out of 903 total shareholders, indicating extremely low shareholder participation.

  • · No dividend was recommended by the Board for FY ending March 31, 2026, citing future business plans.
  • · The company's name change from 'iCodex Publishing Solutions Limited' to 'iCodex Limited' was approved via special resolution.
  • · The e-voting facility was open from September 27 to September 29, 2026, with additional voting during and 15 minutes after the AGM.
  • · The scrutinizer for the e-voting process was Kuldeep Dayaldas Ruchandani of KPRC & Associates.
  • · The company's ISIN is INE111601014 and scrip code is 544483.
PRO CLB GLOBAL LIMITED Market Update neutral materiality 3/10

01-10-2026

PRO CLB GLOBAL LIMITED held its 32nd Annual General Meeting (AGM) on September 30, 2026, where all five resolutions were passed with overwhelming support from public non-institutional shareholders. The resolutions included adoption of audited financial statements, reappointment of director Het Kalpeshkumar Shah, appointment of statutory auditors Shweta Jain & Co LLP, regularization of independent director Satish Papnai, and appointment of secretarial auditor Rohit Bhatia & Associates. Notably, no promoter or institutional shareholders participated in the voting, and only 48 public shareholders attended via video conferencing, with a voter turnout of just 13.54% of outstanding shares.

  • · No promoter or promoter group shareholders attended the meeting or voted.
  • · No public institutional shareholders attended or voted.
  • · All resolutions were passed with 99.991% in favour and only 0.009% against.
  • · The scrutinizer's report was issued on October 1, 2026, by Rohit Bhatia & Associates.
  • · Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM).
  • · Record date for voting rights: September 23, 2026.
Aarti Surfactants Limited Market Update neutral materiality 5/10

01-10-2026

Aarti Surfactants Limited has received shareholder approval at its 8th AGM held on September 29, 2026, to alter the Main Object Clause of its Memorandum of Association. The amendment expands the company's business scope to include a wide range of chemicals, pharmaceuticals, agrochemicals, and related products, moving beyond its core surfactant focus. This strategic change positions the company for potential diversification into higher-value chemical and pharmaceutical segments.

  • · The alteration was approved by members at the 8th AGM held on September 29, 2026 at 4:00 PM IST via video conferencing.
  • · The Scrutinizer's report confirming the approval is dated September 30, 2026.
  • · The company will submit a copy of the altered Memorandum of Association upon receipt of requisite regulatory approvals.
  • · The expanded object clause now covers manufacturing and dealing in basic drugs, dyestuffs, analytical chemicals, bulk drugs, pharmaceuticals, medicines, surfactants, speciality chemicals, fine chemicals, organic/inorganic chemicals, aroma chemicals, biological/biochemical products, electrolytic drugs, perfumes, toilet goods, detergents, food flavours, solvents, drug intermediates, cosmetics, insecticides, pesticides, fertilizers, heavy chemicals, alkalis, acids, industrial chemicals, plastics, pigments, varnishes, paints, dyes, agrochemicals, petrochemicals, and other chemical preparations.
Unknown Merger/Acquisition neutral materiality 5/10

01-10-2026

Tata Steel Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for the amalgamation of its wholly owned subsidiary, Rujuvalika Investments Limited, into itself. The scheme, which was initially disclosed on July 31, 2024, aims to simplify the corporate structure, reduce compliance costs, and eliminate a cross-shareholding issue where the subsidiary held shares in its parent. No new shares or cash will be issued in the merger, as all shares of the transferor company held by Tata Steel will be cancelled.

  • · The appointed date for the amalgamation is April 1, 2023, which is significantly antedated beyond a year from the filing date, but the company provided justification in compliance with MCA Circular.
  • · The Transferor Company (Rujuvalika Investments) was originally an NBFC but has no active operations; it became a wholly owned subsidiary of Tata Steel on May 8, 2015.
  • · The scheme was approved by the boards of both companies in March and July 2024, with final approval on July 31, 2024.
  • · The NCLT order was pronounced on October 1, 2026, following a first motion order on March 25, 2026, and a second motion order on June 5, 2026.
  • · The Regional Director's report dated August 21, 2026, raised observations regarding the cross-shareholding under Section 19 of the Companies Act, which were addressed by the company's undertakings.
General Insurance Corporation of India Market Update neutral materiality 1/10

01-10-2026

General Insurance Corporation of India (GIC Re) informed the exchanges that its Board of Directors, via a circular resolution dated October 1, 2026, noted the appointment and approved the remuneration of Joint Statutory Auditors for FY 2026-27. The auditors, M/s S H B A & Co LLP and M/s S A R A & Associates, were appointed by the Comptroller and Auditor General of India (C&AG) via letters dated September 8, 2026. This is a routine governance and compliance disclosure with no financial impact.

  • · The appointment of Joint Statutory Auditors was made by the C&AG for FY 2026-27.
  • · M/s S H B A & Co LLP was established in 1987 and has pan-India presence with offices in 7 cities.
  • · M/s S A R A & Associates is a Category-I Professional Firm of Practicing Chartered Accountants as per ICAI classification.
  • · The Board approved the remuneration of the auditors via a circular resolution dated October 1, 2026.
GE Power India Limited Merger/Acquisition neutral materiality 8/10

01-10-2026

GE Power India Limited has received the sanction order from the National Company Law Tribunal (NCLT), Mumbai Bench, approving its scheme of arrangement with JSW Energy Limited and their respective shareholders under Sections 230-232 of the Companies Act, 2013. The scheme was previously approved by the Board on 18 September 2025 and by equity shareholders and unsecured creditors on 20 July 2026. The effective date and record date will be announced in due course.

  • · The NCLT sanction order was dated 01 October 2026.
  • · The scheme was approved by the Board on 18 September 2025.
  • · Observations from BSE and NSE were received on 02 April 2026.
  • · Meetings of equity shareholders and unsecured creditors were held on 20 July 2026 pursuant to NCLT order dated 02 June 2026.
  • · A certified true copy of the sanction order is awaited.
  • · The effective date and record date will be intimated to stock exchanges in due course.
Pranav Constructions Ltd Market Update mixed materiality 7/10

01-10-2026

Pranav Constructions Ltd reported consolidated revenue of ₹1,645.40 million for the quarter ended June 30, 2026, up 15.7% from ₹1,421.60 million in the same quarter last year. Net profit attributable to owners rose 45.7% YoY to ₹143.77 million from ₹98.68 million. However, sequentially, revenue declined 39.7% from ₹2,728.36 million in the March 2026 quarter, and profit fell 59.6% from ₹356.27 million, reflecting typical seasonal or project-timing variations. The company completed its IPO in September 2026, raising ₹3,510.30 million.

  • · The company's equity shares were listed on BSE and NSE on September 15, 2026.
  • · The IPO comprised a fresh issue of 2,54,51,612 equity shares and an offer for sale of 28,56,869 equity shares at ₹124 per share.
  • · The group operates in a single reportable segment: real estate development, confined to India.
  • · The statutory auditors issued an unmodified (clean) conclusion on the consolidated and standalone financial results.
  • · Two subsidiaries (PCPL Foundation and PCPL Infra Private Limited) contributed total revenue of ₹Nil and a net loss of ₹0.05 million for the quarter.
SECUREKLOUD TECHNOLOGIES LIMITED Default negative materiality 8/10

01-10-2026

SecureKloud Technologies Limited has defaulted on the repayment of interest on a loan from its promoter, Mr. R S Ramani, amounting to INR 3,14,26,183. The default occurred on October 1, 2026, and the company estimates a possible legal action by the lender/promoter as a result.

  • · The default was intimated under Regulation 30 of SEBI (LODR) Regulations, 2015.
  • · The company estimates a possible legal action by the promoter/lender.
  • · The default was not reported to any other appropriate authorities.
Aananda Lakshmi Spinning Mills Ltd Market Update neutral materiality 3/10

01-10-2026

Aananda Lakshmi Spinning Mills Ltd held its 13th Annual General Meeting on 30 September 2026. All five resolutions on the agenda — three ordinary and two special — were passed with the requisite majority. The meeting saw participation from 73 members (63 via remote e-voting and 10 at the venue), with total votes cast representing a significant portion of the company's share capital.

  • · The cut-off date for entitlement to vote was 18 September 2026.
  • · Remote e-voting was open from 26 September 2026 (9 AM IST) to 29 September 2026 (5 PM IST).
  • · The AGM was held at Incredible One Hotel, Secunderabad, Telangana.
  • · Resolutions passed: Items 1-2 (Ordinary), Item 5 (Ordinary), Items 3-4 (Special).
  • · Scrutinizer's report was signed by two witnesses present during unblocking of e-voting results.
SVC INDUSTRIES LIMITED Corporate Governance positive materiality 3/10

01-10-2026

SVC Industries Limited held its 35th Annual General Meeting on September 30, 2026, where all six resolutions were passed with overwhelming shareholder support. Resolutions included the adoption of audited financial statements, re-appointment of directors, and special resolutions for land disposal and alteration of the company's main object clause. All resolutions received over 99.99% votes in favor, indicating strong shareholder alignment with management proposals.

  • · Total votes polled across all resolutions was 9,05,06,846 (90.5 million) in favor with only 15 votes against for Items 1 and 2, and 2,015 votes against for Items 3, 4, and 5.
  • · For Item 6 (appointment of Managing Director), votes in favor were 8,19,09,046 with 85,95,800 votes against, and votes cast by related parties were considered invalid.
  • · Shareholder attendance was low: only 49 shareholders (3 promoters and 46 public) attended via video conferencing out of 91,482 total shareholders.
  • · The meeting lasted only 25 minutes (11:30 AM to 11:55 AM).
  • · The company is not listed on NSE or MSEI (symbol NOTLISTED).
Organic Coatings Ltd. Market Update neutral materiality 5/10

01-10-2026

Organic Coatings Ltd. held its AGM on September 29, 2026, where shareholders approved all 12 resolutions, including the adoption of FY26 financials, appointment of two independent directors (Mr. Ramanathan Ganesh and Mr. Subhash Ambubhai Patel), increase in authorized share capital, and approval of related party transaction limits. The company also approved shifting its registered office from Maharashtra to Gujarat and appointed/reappointed several whole-time directors. No financial performance metrics were disclosed in this filing.

  • · AGM held via video conferencing on September 29, 2026, from 1:30 PM to 2:18 PM.
  • · Mr. Ramanathan Ganesh appointed as Independent Director for 5 years (July 14, 2026 – July 13, 2031); he has over 40 years of experience in finance and capital markets.
  • · Mr. Subhash Ambubhai Patel appointed as Independent Director for 5 years (July 14, 2026 – July 13, 2031); he is a Chartered Accountant with 38+ years of experience.
  • · Mr. Parth Meenesh Patel and Mr. Nikhil Sadarangani were appointed as whole-time directors for 5 years effective October 13, 2025.
  • · Shareholders approved increase in authorized share capital and enhancement of borrowing limits under Section 180 of the Companies Act.
  • · Approval granted for shifting registered office from Maharashtra to Gujarat.
  • · Remuneration for Managing Director Mr. Abhay Rajnikant Shah and Whole-time Director Mr. Sundaramurthy Kuppamuthu was approved.
Biocon Limited Market Update neutral materiality 5/10

01-10-2026

Biocon Limited granted 94,60,232 stock options to eligible employees under the Biocon Unity Long Term Incentive Plan 2026, effective October 01, 2026. The options have an exercise price of Rs. 5/- per option and will vest according to the grant letter, with a 12-month exercise period post-vesting. No options have vested or been exercised as of the filing date.

  • · The options are granted under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
  • · The plans will be implemented through the trust route via Biocon India Limited Employees Welfare Trust.
  • · Equity shares arising on exercise will rank pari passu with existing equity shares.
  • · No exercise price is payable at grant; it is payable only at exercise.
  • · The grant was approved by the Nomination and Remuneration Committee, Board of Directors, and Shareholders at the 46th Annual General Meeting.
Panacea Biotec Limited Market Update positive materiality 3/10

01-10-2026

Panacea Biotec Limited announced that all five resolutions proposed at its 42nd Annual General Meeting held on September 29, 2026, were passed by shareholders with overwhelming majority (over 99.9% of paid-up share capital voted in favor). The resolutions included adoption of audited financial statements for FY2026, re-appointment of directors Ankesh Jain and Harshet Jain, appointment of independent director Rajinder Singh Manku, and ratification of cost auditors M/s Jain Sharma & Associates. However, public non-institutional shareholders voted against several resolutions by a margin of roughly 70-74%, though their impact was dwarfed by promoter support.

  • · All five resolutions were passed with over 99.9% of paid-up share capital voted in favor, but public non-institutional shareholders voted against each resolution by a margin of 70-74% of their votes cast.
  • · The AGM was held through video conferencing/other audio-visual means on September 29, 2026.
  • · Total paid-up share capital consists of 6,12,50,746 equity shares of Re.1 each and 1,61,37,000 preference shares of Rs.10 each.
  • · Promoters and promoter group held 6,05,31,190 shares (including preference shares) and voted 5,79,62,051 shares via e-voting, all in favor of all resolutions.
  • · Public institutional shareholders (32,02,299 shares held) voted 11,56,044 shares via e-voting, with near-unanimous support except for resolutions 2 and 3 where a small fraction (1.3-1.4%) voted against.
Zydus Lifesciences Limited Market Update neutral materiality 5/10

01-10-2026

Zydus Lifesciences Limited has extended the closing date for its investment in Zydus Sunshine Lifesciences (Private) Limited, a 50:50 joint venture with Sunshine Healthcare Lanka Limited, due to pending condition precedents. The transaction, originally expected to close earlier, is now anticipated to be completed by December 2026. This delay indicates that the deal is progressing but not yet finalized.

  • · The extension was mutually decided by Zydus and Sunshine.
  • · The original intimation regarding the SSSHA was dated June 26, 2026.
  • · The letter to extend the closing date was executed on October 1, 2026.
  • · The transaction is expected to be completed by December 2026.
AARNAV FASHIONS LIMITED Market Update neutral materiality 1/10

01-10-2026

Aarnav Fashions Limited held its 43rd Annual General Meeting on September 30, 2026, with 49 members holding 3,15,20,084 equity shares attending. The meeting saw no shareholder queries or qualifications in auditor reports, and all four agenda items were passed via remote e-voting and poll. The AGM concluded within 30 minutes, reflecting routine annual compliance.

  • · Remote e-voting was open from September 27 to September 29, 2026.
  • · Meeting started at 3:00 PM IST and concluded at 3:30 PM IST.
  • · No shareholder queries were raised during the meeting.
  • · Auditors' reports had no qualifications.
Indian Renewable Energy Development Agency Limited Market Update neutral materiality 3/10

01-10-2026

IREDA announced the extension of the additional charge of the Chairman & Managing Director (CMD) post to Dr. Bijay Kumar Mohanty, Director (Finance), for a further three months effective October 01, 2026, or until a regular incumbent is appointed or further orders are issued. This follows the earlier entrustment of the additional charge in July 2026, and the extension was approved by the Appointments Committee of the Cabinet via the Ministry of New and Renewable Energy. The change is a routine leadership continuity measure and does not indicate any operational or financial impact.

  • · The extension is effective from October 01, 2026, and will remain until the earliest of three months, appointment of a regular CMD, or further orders.
  • · The approval was conveyed by the Ministry of New and Renewable Energy under Order No. 340-11/3/2019 dated October 01, 2026.
  • · The earlier entrustment of additional charge was communicated via a letter dated July 01, 2026.
  • · The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Panacea Biotec Limited Market Update neutral materiality 3/10

01-10-2026

Panacea Biotec Limited announced that all five resolutions proposed at its 42nd Annual General Meeting held on September 29, 2026, were passed by shareholders with the requisite majority. The resolutions included the adoption of audited financial statements, re-appointment of directors Ankesh Jain and Harshet Jain, appointment of independent director Rajinder Singh Manku, and ratification of cost auditors' remuneration. While all resolutions received overwhelming support from promoters and institutional shareholders, a notable minority of non-institutional public shareholders voted against certain resolutions, particularly the appointment of Mr. Rajinder Singh Manku (74.45% against among non-institutional votes) and the re-appointment of directors (over 70% against among non-institutional votes).

  • · The AGM was held on September 29, 2026, via video conferencing/other audio-visual means.
  • · Record date for voting was September 22, 2026.
  • · Total paid-up share capital comprises 6,12,50,746 equity shares of Re.1 each and 1,61,37,000 preference shares of Rs.10 each.
  • · Promoters and promoter group hold 6,05,31,190 shares (including 4,43,94,190 equity shares and 1,61,37,000 preference shares).
  • · Overall voter turnout was 76.53% of outstanding shares.
  • · Non-institutional public shareholders voted against all resolutions by a margin of 70-74%.
  • · Institutional public shareholders voted overwhelmingly in favour (98.6-100%) of all resolutions.
Juniper Green Energy Ltd Market Notice positive materiality 6/10

01-10-2026

Juniper Green Energy Ltd announced that its wholly owned subsidiary, Juniper Green Stellar Private Limited, commissioned an additional 15.5 MW of wind power capacity on October 1, 2026, as part of its 200 MW Firm and Dispatchable Renewable Energy Project. With this addition, the project's total capacity stands at 368.95 MWp and ~201 MWh BESS, out of a planned 550.6 MWp and ~201 MWh BESS. The company's aggregate operational capacity across all subsidiaries is now ~2,740 MWp and ~603 MWh BESS.

  • · The commissioning follows a prior intimation dated September 8, 2026.
  • · The project's BESS capacity remains at ~201 MWh, unchanged from the planned capacity.
  • · The aggregate BESS capacity of the company and its subsidiaries is ~603 MWh.
Tata Consultancy Services Limited General Updates positive materiality 8/10

02-10-2026

TCS announced an agreement to transition Best Buy's Global Capability Center (GCC) in India into TCS, creating an AI-centered technology and innovation hub. The deal will bring Best Buy India employees into TCS and establish a multi-year AI Capability Center (AICC). No financial terms were disclosed.

  • · TCS generated consolidated revenues of over US$30 billion for the fiscal year ended March 31, 2026.
  • · TCS operates across 56 countries and 194 service delivery centers worldwide.
  • · TCS sponsors 14 of the world's most prestigious marathons and endurance events.
Samtel India Ltd-$ Market Update neutral materiality 3/10

01-10-2026

Samtel India Ltd held its 44th Annual General Meeting on September 30, 2026, where shareholders unanimously approved all three agenda items: adoption of audited financial statements for FY2025-26, re-appointment of Mrs. Alka Kaura as a director, and re-appointment of Mr. Satish K Kaura as Managing Director for a further 5 years. All resolutions received 100% assent with no dissenting votes, indicating strong shareholder support. The filing is a procedural disclosure of the meeting proceedings and voting results, with no specific financial performance figures or period-over-period comparisons provided in the document.

  • · The AGM was held at the registered office in New Delhi at 9:30 AM on September 30, 2026.
  • · Remote E-voting was open from 9:30 AM on September 27, 2026 to 5:00 PM on September 29, 2026.
  • · Mr. Satish Kaura was elected Chairman of the meeting, but recused himself for item no. 3 (his own re-appointment), with Mr. Rajesh Bhalla taking the chair for that item.
  • · All three resolutions passed with 100% assent (2,315,035 votes in favor) and zero dissent.
  • · The company engaged NSDL as the authorized agency to provide e-voting facilities.
  • · The meeting concluded at 10:15 AM on September 30, 2026.
FORCE MOTORS LTD Corporate Governance neutral materiality 4/10

01-10-2026

Force Motors Ltd has called an Extraordinary General Meeting (EGM) of its 'A' Equity Shareholders on October 26, 2026, to seek approval for removing transfer restrictions on 27,600 'A' equity shares held in physical mode, thereby making them freely transferable and eligible for listing on BSE and NSE. The move is part of a corporate governance initiative to simplify the share structure and align with standard equity practices. No financial figures or performance metrics are disclosed in this filing.

  • · The EGM will be held on Monday, October 26, 2026 at 3:00 PM IST via Video Conferencing.
  • · The remote e-voting period runs from October 22, 2026 (9:00 AM) to October 25, 2026 (5:00 PM IST).
  • · The cut-off date for determining eligible voters is Monday, October 19, 2026.
  • · The resolution is proposed as a Special Resolution under Section 48 of the Companies Act, 2013.
  • · Upon approval and listing, the shares will rank pari passu with existing listed equity shares.
VSD Confin ltd. Corporate Governance neutral materiality 2/10

01-10-2026

VSD Confin Limited submitted the Consolidated Scrutinizer’s Report and voting results for the resolutions passed at its 43rd Annual General Meeting held on September 30, 2026, to BSE Limited in compliance with Section 108 of the Companies Act, 2013. The filing is a routine post-AGM disclosure and contains no financial results or operational metrics.

  • · AGM held on September 30, 2026
  • · Filing date: October 01, 2026
  • · BSE Security Code: 531696
  • · CIN: L70101UP1984PLC006445
  • · Compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014
Organic Coatings Ltd. Market Update neutral materiality 5/10

01-10-2026

Organic Coatings Ltd. held its AGM on September 29, 2026, approving routine items including financial statements and special business such as appointing two new independent directors, Ganesh Ramanathan and Subhash Ambubhai Patel, for five-year terms. The company also authorized an increase in authorized share capital, enhanced borrowing limits, approved shifting its registered office from Maharashtra to Gujarat, and appointed Parth Meenesh Patel and Nikhil Sadarangani as whole-time directors alongside approving remuneration for Managing Director Abhay Rajnikant Shah and Whole-time Director Sundaramurthy Kuppamuthu. This corporate restructuring and governance overhaul signals a strategic shift but does not disclose any financial metrics or operating performance.

  • · The AGM was held via video conferencing and concluded in 48 minutes (1:30 PM to 2:18 PM).
  • · The company is shifting its registered office from Maharashtra to Gujarat.
  • · Approved increase in authorized share capital (amount not disclosed).
  • · Approved enhancement of overall borrowing limits under Section 180 of the Companies Act.
  • · Approved creation of mortgage or charge on company assets under Section 180(1)(a).
  • · Appointments of Parth Meenesh Patel and Nikhil Sadarangani as whole-time directors are effective from October 13, 2025, for five-year terms.
VSD Confin ltd. Corporate Governance neutral materiality 3/10

01-10-2026

VSD Confin Ltd. held its 43rd AGM on September 30, 2026, where all three resolutions were passed unanimously with 100% of votes polled in favour. The resolutions included adoption of audited standalone financial statements for FY ended March 31, 2026, re-appointment of Mr. Santosh Kumar Gupta as a director, and appointment of Mr. Mohit Agarwal as an independent director for five years. However, voter turnout was low, with only 7,749,400 votes polled out of 17,550,700 outstanding shares (44.2%), and only 24 shareholders attended the meeting in person or by proxy.

  • · Remote e-voting was open from 27 September 2026 (9:00 AM) to 29 September 2026 (5:00 PM).
  • · Scrutinizer: M/s Saurabh Srivastava and Associates, Practicing Company Secretary.
  • · No shareholders attended via video-conferencing.
  • · All resolutions were ordinary except the appointment of Mr. Mohit Agarwal as Independent Director, which was a special resolution.
Unknown Market Holiday neutral materiality 1/10

01-10-2026

Monedo Financial Services Private Limited has informed BSE Limited that the trading window for dealing in its securities will remain closed from October 1, 2026, until 48 hours after the announcement of its financial results for the quarter and half year ended September 30, 2026. This is a routine procedural disclosure under SEBI insider trading regulations and contains no financial data or business performance information.

  • · Trading window closure effective from October 1, 2026
  • · Closure period extends until 48 hours after announcement of Q2 and H1 FY27 financial results
  • · Six scrip codes and ISINs are listed for the securities affected
  • · Company CIN: U65100MH2017PTC294521
Vama Industries Limited Market Update positive materiality 3/10

01-10-2026

Vama Industries Limited held its 41st Annual General Meeting on 30 September 2026, where all four resolutions were passed with overwhelming shareholder support. The resolutions included adoption of financial statements, reappointment of Mrs. V. Parvathi as director and whole-time director, and reappointment of Ms. Jonnada Vaghira Kumari as independent director. While promoter and promoter group votes were fully in favor, public non-institutional shareholder participation was extremely low, with only 300,281 votes polled out of 29,978,170 shares held, representing just 1.0017% of outstanding shares.

  • · Remote e-voting opened at 09:00 A.M. on 27 September 2026 and closed at 05:00 P.M. on 29 September 2026.
  • · Cut-off date for voting entitlement was 23 September 2026.
  • · AGM held via Video Conferencing at 04:00 P.M. on 30 September 2026.
  • · Scrutinizer: Vikas Sirohiya, Partner of P S Rao & Associates, Company Secretaries, Hyderabad.
  • · Votes cast by Mrs. V. Parvathi were not considered for Resolutions 2 and 3.
  • · All resolutions passed with 100% or near 100% votes in favor.
  • · Public non-institutional shareholder participation was extremely low at 1.0017% of outstanding shares.
  • · No invalid votes were recorded for any resolution.
Akzo Nobel India Limited Market Notice neutral materiality 3/10

01-10-2026

Akzo Nobel India Limited (now JSW Dulux Limited) disclosed receipt of a Show Cause Notice dated 30.09.2026 from the Punjab GST Department under Section 73 of the CGST Act, disallowing Input Tax Credit of Rs. 11,83,596 (comprising Tax Rs. 6,50,327; Interest Rs. 4,68,236; Penalty Rs. 65,033) for the period April 2022 to March 2023. The company received the notice on 01.10.2026 and is in the process of responding within the stipulated timeline. The management views the matter as open for further submissions, and the financial impact is limited to the stated amount.

  • · Show Cause Notice dated 30.09.2026 received on 01.10.2026 at 3:30 pm
  • · Disallowance period: April 2022 to March 2023
  • · Notice issued under Section 73 of CGST Act/Rules, 2017
  • · Company name changed from Akzo Nobel India Limited to JSW Dulux Limited
  • · Management is in the process of responding within the stipulated time
Nila Infrastructures Limited Market Update neutral materiality 5/10

01-10-2026

Nila Infrastructures Limited received an intimation from Ahmedabad Municipal Corporation (AMC) on 01-10-2026 amending the work order for the slum rehabilitation project 'Kajimiya ni Chali' in Ahmedabad. The amendment reduces the balance free sale land from 4209.61 sq. mtrs (INR 48.51 Crore) to 2290 sq. mtrs (INR 26.39 Crore), but compensates with additional Transferable Development Rights (TDR) of INR 22.12 Crore, increasing total TDR to INR 78.63 Crore. The total project development cost remains unchanged at INR 105.02 Crore, and the amendment is part of ordinary business operations.

  • · The original work order was awarded via LOA dated 04.10.2025 (received on 07.10.2025).
  • · The amendment is received under Regulation 30 of SEBI (LODR) Regulations 2015.
  • · The project is being developed on a PPP basis under the Pradhanmantri Awas Yojna.

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