Executive Summary
The daily digest for September 12, 2026, reveals a significant wave of insider selling by promoters, particularly in the mid-cap and small-cap space, with notable block deals in Granules India and Jamna Auto Industries.
This is counterbalanced by a few instances of promoter buying, such as in Cupid Limited and Shakti Pumps, suggesting a bifurcated market where conviction is company-specific rather than sector-wide. A key theme is the high volume of incomplete or opaque regulatory filings, especially under SEBI SAST regulations, which creates information asymmetry and elevated risk for investors. On the corporate action front, HBG Hotels (formerly Phoenix Township) is pursuing a significant capital raise via convertible warrants, while the resolution process for Shivom Investment & Consultancy and Baron Infotech highlights ongoing stress in the small-cap space. The overall sentiment is cautious, with a focus on governance and insider behavior as primary signals.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate action · Insider trading · Debt securities · Corporate governance · M&A · Insolvency
Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from September 11, 2026.
Investment Signals (11)
- Granules India ↓ (BEARISH)▲
Promoter Dr. Krishna Prasad Chigurupati sold 6.94% of voting capital via a block deal on Sep 11, reducing his stake from 31% to 24.06%. Participation by marquee institutional investors (Capital Group, ChrysCapital) provides a floor, but the massive promoter dilution is a strong negative signal
- Jamna Auto Industries ↓ (BEARISH)▲
Promoter Pradeep Singh Jauhar sold 2.49% of total voting capital (99,95,000 shares) via a block deal on Sep 11, reducing his stake from 6.46% to 3.96%. This significant reduction near a 5% threshold signals a potential change in control or loss of confidence
- South West Pinnacle Exploration ↓ (BEARISH)▲
Promoters Vikas and Piyush Jain sold a combined 4.24% of equity in two tranches (Aug 18 & Sep 10), reducing promoter holding from 65.94% to 61.70%. This is a material and sustained pattern of promoter de-leveraging
- Blackbuck Limited ↓ (BEARISH)▲
Non-promoter entity Accel India IV (Mauritius) sold 2.7 million shares on Sep 11, reducing its stake from 7.17% to 5.69%. This is a significant reduction by a key early-stage investor, potentially signaling a long-term exit strategy
- Cupid Limited ↓ (BULLISH)▲
Promoter Aditya Kumar Halwasiya acquired 11,00,000 shares (0.08% of voting capital) in the open market on Sep 11, increasing his personal stake from 33.80% to 33.88%. A small but positive signal of promoter confidence
- Shakti Pumps (India) ↓ (BULLISH)▲
Promoter group entity Shakti Sons Trust acquired 12,400 shares on Sep 11, a marginal increase but a positive insider buying signal nonetheless
- HBG Hotels (Phoenix Township) (BULLISH)▲
Company is seeking shareholder approval to issue 56,65,000 convertible warrants at Rs. 83 each to promoters and non-promoters, aggregating up to Rs. 47 Cr. This is a potential catalyst if the conversion happens, signaling capital infusion and expansion
- Worth Investment & Trading Co ↓ (BEARISH)▲
Promoter group entity Nimit Impex sold 2.47% of diluted capital at Rs. 3.65-3.75 per share over four days (Sep 4-9). The consistent exit price and large volume indicate a deliberate stake reduction
- Rama Steel Tubes ↓ (BEARISH)▲
Promoter group entity Tarun Dhir sold 0.35% of voting capital over three days (Sep 9-11). The pattern of consistent selling over multiple days is a negative signal
- Asian Hotels (West) ↓ (BULLISH)▲
An inter-se transfer of 9,51,141 shares (8.16% of equity) via gift at nil price doubled the acquirer's stake to 16.32%. While exempt from open offer, this consolidation of holdings by a single entity is a positive governance signal
- Nuvama Wealth Management ↓ (BEARISH)▲
The secured loan amount against existing pledged shares (33.90% of voting capital) increased from USD 265M to USD 450M. This is a significant increase in leverage against the same collateral, indicating potential financial stress for the promoter (PAGAC)
Risk Flags (8)
- Granules India / Promoter Stake Sale↓ [HIGH RISK]▼
The 6.94% stake sale by the founder-promoter is a high-risk event. While institutional buying provides support, the sheer size of the sale creates overhang and signals a potential long-term shift in promoter commitment
- Green Gold Animation / Debt Repayment Extension [HIGH RISK]▼
The company extended the redemption date of its NCDs by up to 12 months to Sep 2027. This is a clear liquidity red flag, suggesting the company is unable to meet its debt obligations on time
- Shivom Investment & Consultancy / Insolvency↓ [CRITICAL RISK]▼
The company is emerging from CIRP with a 1:1000 equity consolidation and trading still suspended. The lack of an ISIN for new shares and the suspension of trading represent a near-total loss of liquidity and value for existing public shareholders
- Multiple Filings / Incomplete SAST Disclosures [HIGH RISK]▼
Filings for IZMO, Reliable Ventures, Inter State Oil Carrier, Sattva Sukun, and Sumedha Fiscal Services lack critical transaction details (volume, value, direction). This opacity creates information asymmetry and makes it impossible to assess insider intent or market impact
- Sattva Sukun Lifecare / Data Inconsistency↓ [HIGH RISK]▼
The SAST filing mentions a different company (Tavexia Lifecare Ltd) than the subject company, raising serious concerns about data integrity and regulatory compliance
- Veefin Solutions / Undisclosed Encumbrance↓ [MEDIUM RISK]▼
The filing confirms an encumbrance by a promoter but fails to disclose the identity, number of shares, or purpose. This lack of transparency is a governance red flag
- Lloyds Engineering Works / Complex Merger↓ [MEDIUM RISK]▼
The scheme to absorb three transferor companies involves meetings of shareholders and creditors on Oct 16. The complexity of the merger and lack of financial details in the filing create execution risk
- Baron Infotech / CIRP Monitoring↓ [MEDIUM RISK]▼
The company is under a monitoring committee post-NCLT approval. While a resolution plan is in place, the implementation timetable and payments to creditors are still being finalized, indicating ongoing uncertainty
Opportunities (7)
- HBG Hotels / Capital Raise (OPPORTUNITY)◆
The proposed preferential issue of 56.65 lakh warrants at Rs. 83 each to promoters and non-promoters is a strong signal of capital infusion. If the warrants are converted, it will strengthen the balance sheet and fund expansion. The e-voting period runs until Oct 13, 2026
- Granules India / Institutional Buying↓ (OPPORTUNITY)◆
The block deal saw participation from marquee investors like Capital Group and ChrysCapital. For long-term investors, this could represent a rare opportunity to buy alongside high-quality institutions at a price that allowed a large promoter to exit
- Asian Hotels (West) / Stake Consolidation↓ (OPPORTUNITY)◆
The transfer of 9.51 lakh shares via gift consolidates a 16.32% stake with a single entity. This could be a precursor to a larger corporate action or a strategic move to unlock value
- NCL Industries / Insider Buying↓ (OPPORTUNITY)◆
Three promoter group entities made small open market purchases on Sep 10. While immaterial in size, the collective buying by multiple promoter entities is a positive sentiment signal
- Indong Tea Company / Promoter Buying↓ (OPPORTUNITY)◆
Promoter Hariram Garg acquired 4,000 shares over a week (Aug 29-Sep 4). The consistent buying over multiple days, though small, is a positive signal from a promoter
- Aztec Fluids & Machinery / Strong Governance↓ (OPPORTUNITY)◆
100% of votes at the AGM were in favor of all resolutions, with no dissent from any shareholder category. This indicates strong alignment between management and shareholders
- Bai-Kakaji Polymers / Business Diversification↓ (OPPORTUNITY)◆
The company has amended its MOA to include industrial machinery and equipment, a strategic move to diversify beyond its core business. This could open new revenue streams
Sector Themes (5)
- Promoter De-leveraging in Mid-Caps◆
A clear pattern of promoter stake sales is visible in Granules India (6.94%), Jamna Auto (2.49%), South West Pinnacle (4.24%), and Worth Investment (2.47%). This suggests a broad-based de-leveraging or profit-taking by promoters in the mid-cap space, which could create near-term price pressure.
- Institutional Churn in New-Age Tech◆
The sale by Accel India IV in Blackbuck (1.48% stake reduction) highlights a trend of early-stage investors reducing positions in new-age tech/logistics companies as they approach or pass the 5-year lock-in period.
- Debt Market Stress Signals◆
The extension of NCD redemption by Green Gold Animation and the increased loan amount against pledged shares at Nuvama Wealth Management point to potential stress in the debt market, particularly for smaller companies and leveraged promoter groups.
- Opacity in Regulatory Filings◆
A significant number of filings (IZMO, Reliable Ventures, Inter State Oil, Sattva Sukun, Sumedha Fiscal) lack basic transaction details. This pattern of incomplete disclosures is a systemic risk, reducing the reliability of insider trading data as a signal.
- Corporate Actions as Catalysts◆
Both HBG Hotels (warrant issue) and Lloyds Engineering (merger) are pursuing corporate actions that require shareholder approval. These events are potential catalysts that can unlock value but also carry execution risk.
Watch List (8)
- HBG Hotels👁
Watch for the outcome of the postal ballot on the preferential warrant issue. E-voting ends Oct 13, 2026. A successful vote will be a strong positive catalyst.
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Meetings of shareholders and unsecured creditors to approve the merger scheme are scheduled for Oct 16, 2026. The outcome will determine the future structure of the company.
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Monitor for the allotment of ISIN for restructured shares and the revocation of trading suspension. This is a critical event for existing shareholders.
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Watch for any further disclosures from the promoter regarding the use of sale proceeds. Any open offer or buyback announcement would be a significant development.
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Monitor for any further increase in the loan amount or any action by the lenders (Catalyst Trusteeship) against the pledged shares. The increased leverage is a key risk factor.
- Green Gold Animation👁
Watch for any further updates on the company's liquidity position or any missed interest payments on the extended NCDs. A default would be a major negative event.
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Monitor the implementation of the resolution plan, including payments to creditors and share capital restructuring. The timeline for BSE listing compliances is critical.
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Watch for further stake sales by Accel India IV. If the entity continues to sell, it could signal a complete exit and create significant overhang.
Filing Analyses
(50)
12-09-2026
Asirvad Micro Finance Limited has informed BSE of record dates for interest payments on four series of Non-Convertible Debentures (NCDs) in October-November 2026. The filing is a routine regulatory disclosure under SEBI Listing Regulations and does not contain any financial results or performance data.
- · Record date for INE516Q07481 is 16-10-2026, interest payment on 02-11-2026
- · Record date for INE516Q08448 is 28-10-2026, interest payment on 12-11-2026
- · Record date for INE516Q08406 is 09-11-2026, interest payment on 25-11-2026
- · Record date for INE516Q07473 is 13-11-2026, interest payment on 30-11-2026
12-09-2026
Symbiotec Pharmalab Ltd's promoter group re-created pledges over 38,92,421 shares (6.06% of share capital) in favor of Beacon Trusteeship Limited in September 2026, following a temporary release solely to facilitate lock-in requirements related to the company's IPO. The company states this is an administrative process with no effective change in pledged holdings, the pledges being connected to debentures issued under a Debenture Trust Deed dated December 2025.
- · The pledge re-creation was an administrative process with no change in the overall pledged holding.
- · Original pledge was created on December 10, 2025, temporarily released for lock-in on pre-IPO shares.
- · Pledge created in favor of Beacon Trusteeship Limited as security trustee for debentures.
- · Promoters re-pledging shares: Anil Satwani (4,50,896 shares), Sushil Satwani (3,13,938), Kashish Satwani (5,00,896), Satwani Holdings LLP (22,27,734), Kashish and Anil Satwani Family Trust (3,50,000).
12-09-2026
IZMO Limited disclosed an acquisition under SEBI SAST Regulations (10(1)(a)) for the entity 'Dinanat'. The filing under Regulation 10(5) indicates a substantial acquisition event, but critical transaction details—such as volume, value, and the identity of the acquirer—are not disclosed in the provided summary. The filing does not specify whether the acquisition is by promoters, insiders, or external parties, nor does it provide quantitative data on share count, pricing, or resulting shareholding changes.
12-09-2026
Smiti Holding and Trading Company Private Limited, a promoter of Asian Paints Limited, has pledged an additional 9,17,000 equity shares (0.10% of total share capital) in favor of Bajaj Finance Limited on September 9, 2026, for loan purposes. This increases Smiti Holding's total encumbered shares to 3,59,91,000 (3.75% of total share capital), up from 3,50,74,000 (3.66%) prior to the pledge. The overall promoter group encumbrance remains relatively low at 5.18% of total share capital.
- · The pledge was created on September 9, 2026, and reported on September 11, 2026.
- · Smiti Holding holds 5,14,42,638 shares (5.36% of total share capital) in Asian Paints.
- · The total promoter group holds 50,49,85,198 shares (52.65% of total share capital).
- · The reason for the pledge is 'Pledge of shares for loan'.
- · No other promoter or promoter group entity reported any new encumbrance, release, or invocation in this filing.
12-09-2026
Sonia Salim Govani and her PACs have disclosed an acquisition of shares in Msl Global Ltd under SEBI SAST Regulation 29(2), indicating a change in shareholding. The filing does not specify the transaction volume, value, or resulting shareholding percentage, limiting the ability to assess materiality. While the disclosure itself is a routine regulatory filing, the lack of quantitative details and the absence of context on the transaction's purpose or timing make the signal neutral.
- · The disclosure was received by BSE on September 12, 2026.
- · The filing is under Regulation 29(2) of SEBI SAST Regulations, which pertains to disclosures by acquirers.
- · The sector is classified as technology, though the company name suggests a securities/financial services entity.
- · The acquirer is Sonia Salim Govani & PACs, indicating a group of persons acting in concert.
12-09-2026
Promoters Vikas Jain and Piyush Jain of South West Pinnacle Exploration Limited sold a total of 13,85,838 shares (4.24% of equity) via open market transactions on August 18, 2026 and September 10, 2026. Post-sale, their combined holding decreased from 65.94% to 61.70% of the total voting capital.
- · Vikas Jain sold 5,65,838 shares on August 18, 2026 and 2,00,000 shares on September 10, 2026.
- · Piyush Jain sold 6,20,000 shares on September 10, 2026.
- · The company's equity share capital is ₹32,65,14,220 comprising 3,26,51,422 equity shares of ₹10 each.
- · The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
12-09-2026
Promoter Aditya Kumar Halwasiya acquired 11,00,000 equity shares (0.08% of voting capital) of Cupid Limited in the open market on September 11, 2026, increasing his personal stake from 33.80% to 33.88%. The promoter group's total holding rose from 46.75% to 46.83%, with no change in the stake of Columbia Petro Chem Private Limited (12.95%).
- · Columbia Petro Chem Private Limited's stake remained unchanged at 12.95%.
- · No shares were encumbered (pledged) before or after the acquisition.
- · The acquisition was made in the open market on Friday, September 11, 2026.
- · The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
12-09-2026
Reliable Ventures India Ltd received a disclosure under SEBI SAST Regulation 29(1) from Chennupati Sarath Kumar on September 12, 2026. The filing does not specify the nature of the transaction (acquisition or disposal), share quantity, or transaction value, limiting the ability to assess market signal. The disclosure appears to be a routine regulatory filing, but the lack of transaction details warrants a watchlist approach.
- · The disclosure was received by the exchange on September 12, 2026.
- · The disclosing entity is Chennupati Sarath Kumar.
- · The company's BSE code is 532124.
- · The sector is classified as technology.
- · No transaction details (buy/sell, quantity, value) were provided in the filing.
12-09-2026
Promoter Pradeep Singh Jauhar sold 99,95,000 equity shares (2.49% of total voting capital) of Jamna Auto Industries Limited via a block deal on September 11, 2026, reducing his holding from 6.46% to 3.96%. The disclosure under SEBI SAST Regulations shows a significant reduction in promoter stake, which may signal a change in control or sentiment.
- · The block deal was executed on September 11, 2026.
- · Total diluted share capital remains unchanged at 399985135 shares of Rs. 1 each.
- · The promoter did not hold any shares in encumbrance (pledge/lien) before or after the transaction.
12-09-2026
Tarun Dhir, a promoter group entity (Partner of M/s Arun Enterprises), sold 5,686,447 equity shares of Rama Steel Tubes Limited in the open market between September 9 and September 11, 2026. This reduced his holding from 1.83% to 1.48% of the total voting capital, representing a 0.35% dilution of his stake.
- · The sale was executed in the open market over three trading days: September 9 to September 11, 2026.
- · The company's total equity share capital is ₹1,63,60,40,979, consisting of 1,63,60,40,979 equity shares of face value ₹1 each.
- · The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
12-09-2026
Mr. Sandeep Gupta, an acquirer, disclosed an inter-se transfer of 9,51,141 shares of Asian Hotels (West) Ltd from Vinita Gupta (immediate relative) by way of gift at nil price, exempt from open offer under Regulation 10(1)(a)(i) of the SEBI Takeover Code. Post-transaction, Sandeep Gupta's shareholding doubled from 8.16% to 16.32%, while Vinita Gupta's stake fell from 9.88% to 1.72%. The transaction was executed on September 9, 2026, and the disclosure was filed with stock exchanges on September 11, 2026.
- · The transfer was an inter-se transfer by way of gift amongst immediate relatives, exempt under Regulation 10(1)(a)(i) of SEBI SAST Regulations.
- · Disclosure under Regulation 10(5) was made on August 27, 2026, within the required timeline.
- · Transaction date: September 9, 2026.
- · Filing date with stock exchanges: September 11, 2026.
- · Place of signing: New Delhi.
12-09-2026
Promoter Dr. Krishna Prasad Chigurupati sold 1,72,00,000 equity shares (6.94% of voting capital) of Granules India Limited on September 11, 2026 via a block deal. The transaction reduced his holding from 31.00% to 24.06% of voting capital. Marquee institutional investors including Capital Group, Kotak Mahindra Life Insurance, ChrysCapital, and Allspring participated in the block deal.
- · The sale was executed through a block deal on September 11, 2026.
- · Marquee institutional investors including Capital Group, Kotak Mahindra Life Insurance Company, ChrysCapital, and Allspring participated in the block deal.
- · The company's equity share capital remained unchanged at ₹24,77,96,921 (24,77,96,921 shares of Re. 1 each) after the sale.
- · The total diluted share capital after the sale is ₹27,27,96,921 (27,27,96,921 shares of Re. 1 each).
12-09-2026
Inter State Oil Carrier Ltd received a revised disclosure under SEBI (SAST) Regulations, 2011 for insider Sanjay Jain. However, the filing does not specify the transaction type (acquisition or disposal), volume, value, or any other quantitative details. The sector is listed as 'technology,' which appears inconsistent with the company name suggesting oil transport.
- · Sector categorized as 'technology' - this may be a BSE classification error given company name suggests oil transportation
- · Revised disclosure suggests previous filing required correction or update
- · No trading plan, pledge, or consideration details available
12-09-2026
Namdev Finvest Limited (formerly Namdev Finvest Private Limited) has issued debt securities on a private placement basis, which were listed and admitted to dealings on the BSE Debt Segment as of September 11, 2026. The securities are identified by ISIN INE0IX207270 and scrip code 978140. No financial figures or comparisons are provided in this filing.
- · Listing notice issued by BSE Limited is accessible at https://www.bseindia.com/downloads/UploadDocs/Notices/20260911-3/20260911-3.pdf
- · Filing made under Regulation 51(2) read with Part B of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
12-09-2026
Kreon Finnancial Services Limited, an acquirer not belonging to the promoter group, increased its stake in Kairosoft AI Solutions Limited from 18.36% to 19.09% through an open market purchase of 8,623 equity shares on September 11, 2026. The acquisition was disclosed under SEBI SAST Regulations, with the target company's equity capital remaining unchanged at ₹1,18,29,560 (11,82,956 shares of ₹10 each).
- · The acquirer, Kreon Finnancial Services Limited, is not part of the promoter/promoter group.
- · The acquisition was executed via open market purchase on September 11, 2026, the date on which the 19% holding threshold was crossed.
- · No shares were sold or encumbered in this transaction.
- · The total diluted share capital of the target company is 11,82,956 equity shares of ₹10 each.
12-09-2026
Nivaka Fashions Limited has informed stock exchanges that its Register of Members and Share Transfer books will remain closed from September 21 to September 28, 2026, in preparation for the 43rd Annual General Meeting (AGM). This is a routine compliance disclosure under Companies Act and SEBI LODR regulations with no financial impact.
- · Book closure period: September 21 to September 28, 2026 (both days inclusive)
- · Closure is for the purpose of the 43rd Annual General Meeting (AGM)
- · Disclosure under Regulation 42 of SEBI LODR Regulations, 2015 and Section 91 of Companies Act, 2013
12-09-2026
Shakti Sons Trust, a promoter group entity of Shakti Pumps (India) Limited, acquired 12,400 equity shares via open market on 11 September 2026. The acquisition increased the trust's total shareholding from 2,26,54,600 shares (18.36%) to 2,26,67,000 shares (18.37%), representing a marginal increase of 0.01 percentage points. The filing was made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- · The acquisition date is 11 September 2026.
- · Mode of acquisition: Open Market.
- · The increase in holding is from 18.36% to 18.37% (both before and after the acquisition, the holding percentage w.r.t. total diluted share capital remains at 18.37%).
- · No encumbrances, other voting rights, or convertible instruments were involved.
- · The total equity share capital of the company is unchanged at 12,33,97,965 shares of ₹10 each.
- · The trust has not invoked any pledge or released any encumbrance.
12-09-2026
Accel India IV (Mauritius) Limited, a non-promoter entity, sold 2,700,000 equity shares of Blackbuck Limited on September 11, 2026, reducing its stake from 7.17% to 5.69% of the total voting capital. The sale was executed via open market transactions, and the seller's holding after the sale remains above the 5% threshold.
- · The sale was executed on September 11, 2026, via open market transactions.
- · The seller is not part of the promoter group.
- · The total equity share capital of Blackbuck Limited as of June 30, 2026, was 182,138,576 shares of face value INR 1 each.
- · No shares were encumbered before or after the sale.
12-09-2026
Green Gold Animation Private Limited has executed an amendment to its Debenture Trust Deed to extend the final redemption date of 14,000 listed, rated, secured, redeemable non-convertible debentures by up to 12 months, to September 15, 2027. The amendment was signed on September 11, 2026, and disclosed under SEBI Listing Regulations. This extension indicates a delay in repayment obligations, which may raise concerns about the company's liquidity or cash flow management.
- · Original debenture trust deed was dated June 2, 2023.
- · Final redemption date extended by up to 12 months, from an unspecified original date to September 15, 2027.
- · The amendment was executed on September 11, 2026.
- · Scrip Code: 974917, Scrip ID: 7GAPL26.
12-09-2026
Siemens Limited is proceeding with the amalgamation of its wholly owned subsidiary, Siemens Rail Automation Private Limited (SRAPL), into itself. The NCLT Mumbai Bench has dispensed with shareholder and unsecured creditor meetings for the scheme, with notices issued for representations by September 12, 2026. The scheme is stated to not adversely impact unsecured creditor rights.
- · The NCLT Mumbai Bench order dated September 7, 2026 dispenses with shareholder meetings and unsecured creditor meetings.
- · Equity shareholders as of September 4, 2026 and unsecured creditors as of August 31, 2026 are entitled to submit representations.
- · The scheme does not involve any financial consideration or exchange ratio details in this disclosure.
- · The Scheme is accessible via a weblink provided in the notice.
12-09-2026
The filing is a SAST disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received by the exchange on September 12, 2026, for Rallis India Ltd (BSE: 500355). The disclosing entity is SBI Mutual Fund, which is an institutional investor (not a promoter). The filing does not specify the transaction type (acquisition/disposal), volume, value, or resulting shareholding. The sector is incorrectly stated as 'technology' in the query; Rallis India is an agri-inputs company. No promoter activity, pledge changes, or related party transactions are disclosed.
- · The disclosure is made under SAST Regulation 29(2), which typically applies when a mutual fund's aggregate holding crosses 5%, 10%, 15%, etc., or when there is a change of 2% or more in voting rights.
- · SBI Mutual Fund is a financial institution, not a promoter or insider under PIT regulations.
- · The sector classification 'technology' appears incorrect; Rallis India is primarily an agri-inputs company (crop protection, seeds, fertilizers).
- · No promoter activity, pledge changes, or related party transactions are disclosed in this filing.
12-09-2026
Vipul Haridas Thakkar, a promoter of Silver Touch Technologies Limited, acquired 1,000 equity shares on the open market on September 9, 2026. Post-acquisition, his total shareholding (including encumbered shares) stands at 2,68,93,760 shares, representing 21.21% of the diluted voting capital. The transaction is immaterial in size relative to his existing holding and does not change his overall stake percentage.
- · The acquisition was made on the open market on September 9, 2026.
- · The company's equity share capital is ₹25,36,20,000 divided into 12,68,10,000 equity shares of Re. 2/- each.
- · The acquirer's total holding (including encumbered shares) increased from 2,68,92,760 shares to 2,68,93,760 shares, a change of 1,000 shares.
- · The percentage holding remained unchanged at 21.21% due to the small size of the transaction relative to total capital.
12-09-2026
Nimit Impex Private Limited, a promoter group entity, disclosed the sale of 91,49,212 equity shares (representing 2.47% of diluted capital) of Worth Investment and Trading Co Limited through open market transactions between September 4-9, 2026. Post-sale, Nimit Impex's holding dropped from 2,37,50,000 shares (6.41%) to 1,46,00,788 shares (3.94%), a reduction of 2.47 percentage points. The sales were executed at prices ranging from ₹3.65 to ₹3.75 per share, indicating a consistent exit price.
- · Sale prices ranged from ₹3.65 to ₹3.75 per share across four trading days.
- · The largest single-day sale was 40,00,000 shares on 07.09.2026.
- · The sale reduced the promoter group's stake from 6.41% to 3.94% of total voting capital.
- · The equity share capital of the target company remained unchanged at ₹37,07,17,000 (37,07,17,000 shares of ₹1 each).
12-09-2026
Best Finance Corporation Limited's Board of Directors approved availing an additional term loan of Rs.20 Cr from South Indian Bank Limited and the allotment of 50,000 listed, rated, senior, secured, transferable, redeemable, taxable, non-convertible debentures (NCDs) of face value Rs. 10,000 each, aggregating to Rs. 50 Crore on a private placement basis. The Board also approved the issuance of NCDs up to Rs.100 Crore on a private placement basis in one or more tranches. No negative or declining metrics were reported in this filing.
- · Board meeting held on 11th September 2026 commenced at 10:30 AM and concluded at 01:00 PM.
- · NCDs have a face value of Rs. 10,000 each.
- · The disclosure is made under Regulation 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
12-09-2026
The filing is an insider trading disclosure under SEBI (SAST) Regulations, 2011 for SATTVA SUKUN LIFECARE LIMITED, but it pertains to a different entity (Tavexia Lifecare Ltd) and a different entity (Roshan Dealmark Pvt Ltd). The filing date is September 12, 2026. The disclosure is under Regulation 29(2) of the Takeover Code, which is a post-acquisition disclosure. However, the filing lacks specific transaction details such as volume, value, and the nature of the transaction (acquisition/disposal). The sector is listed as 'technology', which is a mismatch with the company name suggesting a different industry. The analysis is severely limited by missing data and apparent inconsistencies in the filing.
- · The filing is under Regulation 29(2) of SEBI SAST Regulations, which is a post-acquisition disclosure.
- · The entity making the disclosure is Roshan Dealmark Pvt Ltd.
- · The filing date is September 12, 2026.
- · The BSE summary mentions Tavexia Lifecare Ltd (539519), which is a different entity from SATTVA SUKUN LIFECARE LIMITED.
- · The sector is listed as 'technology', which may be inconsistent with the company name.
12-09-2026
Sumedha Fiscal Services Ltd. received a disclosure under SEBI SAST Regulation 29(2) from US Infotech Pvt Ltd on September 12, 2026. The filing does not specify the transaction type, volume, value, or resulting shareholding changes, limiting actionable insight. No promoter, director, or KMP activity is disclosed, and no scheduled events or financial metrics are provided.
- · Filing date: September 12, 2026
- · Disclosure received by BSE under Regulation 29(2) of SEBI SAST Regulations
- · Entity filing: US Infotech Pvt Ltd
- · Company: Sumedha Fiscal Services Ltd (BSE Scrip Code: 530419)
- · Sector: Technology
12-09-2026
Promoter Hariram Garg acquired 4,000 equity shares of Indong Tea Company Limited through on-market transactions between August 29 and September 4, 2026, increasing his holding from 26,66,661 shares (13.73% of paid-up capital) to 26,70,661 shares (13.75% of paid-up capital). The acquisition represents a marginal 0.02 percentage point increase in promoter stake, with no other changes in share capital or encumbrances.
- · The acquisition was made via on-market transactions over a 7-day period (29 Aug to 4 Sep 2026).
- · No shares were encumbered (pledged/liened) before or after the acquisition.
- · The company's paid-up equity share capital remains unchanged at ₹19,42,10,480 divided into 1,94,21,048 shares of ₹10 each.
- · The disclosure was filed under SEBI SAST Regulations 29(2) and 29(3).
12-09-2026
7NR Retail Limited filed a disclosure under SEBI SAST Regulation 29(2) for Rakeshkumar Narayanbhai Patel on September 12, 2026. The filing indicates insider trading activity by a promoter, but specific transaction details (volume, value, buy/sell direction) are not disclosed in the provided summary.
- · The disclosure is filed under SAST Regulation 29(2), which typically applies to promoters acquiring or disposing of shares beyond certain thresholds.
- · The filing date is September 12, 2026, but the transaction date is not specified.
- · No details on whether this is an acquisition or disposal are provided in the summary.
12-09-2026
Malaxmi Climate Resilience Platform Private Limited, a promoter group entity, acquired 2,87,99,990 equity shares (52.56% stake) of Chiraharit Limited from promoter Dr. Tejaswini Yarlagadda at ₹8 per share, under an exemption from the open offer requirement under SEBI SAST Regulations. This transaction shifts control of the majority stake from one promoter to another within the same promoter group, with no cash consideration disclosed.
- · The acquisition was made pursuant to exemption under Regulation 10(1)(a)(iii) of SEBI SAST Regulations.
- · Disclosure of proposed acquisition was filed with BSE on 31st August 2026.
- · The transaction date is 10th September 2026.
- · Post-transaction, the acquirer holds 52.56% and the seller holds 0% of Chiraharit Limited.
- · The acquisition was done at ₹8 per equity share, for a total consideration of ₹2,30,39,99,920.
12-09-2026
Veefin Solutions Ltd has disclosed an encumbrance by its promoter under SEBI (SAST) Regulations, 2011, as reported to the exchange on September 12, 2026. The filing confirms the encumbrance event but does not disclose the identity of the promoter, the number of shares encumbered, the transaction value, or the purpose of the encumbrance. The disclosure is timely per SEBI requirements, but the lack of quantitative details limits the ability to assess materiality or directional impact.
- · The disclosure was made under Regulation 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.
- · The event date is September 12, 2026, and the exchange received the disclosure on the same date.
- · The sector of the company is not specified in the filing.
- · No details on the promoter's identity, share count, or transaction value are provided.
12-09-2026
HBG Hotels Limited (formerly Phoenix Township Limited) has issued a Postal Ballot Notice seeking shareholder approval for two special resolutions: (1) increasing authorized share capital from ₹29,00,00,000 to ₹45,00,00,000 by creating 1,60,00,000 additional equity shares of ₹10 each, and (2) issuing 56,65,000 convertible warrants on a preferential basis to promoters, promoter group, and non-promoters at ₹83 per warrant, aggregating up to ₹47,01,95,000. The e-voting period runs from September 14, 2026 to October 13, 2026, with results to be declared on or before October 15, 2026.
- · The company has changed its name from Phoenix Township Limited to HBG Hotels Limited.
- · The cut-off date for eligibility to vote is September 4, 2026.
- · The e-voting period is from September 14, 2026 (9:00 AM IST) to October 13, 2026 (5:00 PM IST).
- · Results will be declared on or before October 15, 2026.
- · The scrutinizer appointed is Mrs. Pooja Gala, representative of M/s. Pooja Gala & Associate, Practicing Company Secretaries.
- · The relevant date for determining the minimum price of warrants is September 11, 2026.
- · Warrant allocation breakdown: Promoter Group (Hede Consultancy Company Pvt Ltd - 15,00,000; Glacier Trades Pvt Ltd - 14,00,000; Colaba Real Estate Pvt Ltd - 6,00,000), Promoters (Shibanee Harlalka - 1,50,000; Samit Prafulla Hede - 13,00,000; Prafulla Rajaram Hede - 2,55,000), Non-Promoters (Fine Papyrus Pvt Ltd - 4,50,000; Amit Shah - 10,000).
12-09-2026
Gluhend India Private Limited, a Sage Group company, has made a quarterly interest payment of INR 6,34,54,203 on its Non-Convertible Debentures (ISIN: INE744Z07027) on 11th September 2026, one day before the due date of 12th September 2026. The outstanding issue size is INR 251,74,76,550. The payment was made in full and on time, with no change in payment frequency or any delay.
- · Interest payment record date was 10/09/2026.
- · The actual interest payment was made on 11/09/2026, one day before the due date.
- · The last interest payment was made on 12/06/2026.
- · The interest payment frequency is quarterly.
- · The company is a Sage Group company with CIN U74994MH2017FTC303216.
12-09-2026
NCL Industries disclosed that three promoter group entities acquired small numbers of shares in the open market on September 10, 2026. Kalidindi Ravi acquired 800 shares, Vikram Chemicals Private Ltd acquired 260 shares, and Kakatiya Industries Private Ltd acquired 830 shares, increasing their respective holdings to 7.22%, 0.04%, and 1.42% of the company's voting capital. These acquisitions are immaterial in size and do not change the overall promoter group stake significantly.
- · The acquisitions were made through open market purchases on 10-09-2026.
- · The total promoter group holding remains unchanged in percentage terms as the acquisitions are negligible relative to total share capital.
- · The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
12-09-2026
HLE Glascoat Limited filed a disclosure under SEBI SAST Regulations for Aalap Nilesh Patel on September 12, 2026. The filing discloses an acquisition of shares by Aalap Nilesh Patel, but the transaction involves no pledage, volume, value, price, or holding percentages. The filing is vague and lacks critical quantitative details, making it ambiguous whether this is a promoter-level acquisition or a non-transfer acquisition. Based solely on disclosed data, this is an information base event with no directional signal.
- · The disclosure refers to Aalap Nilesh Patel but no designation or relation to the entity (promoter/director/group) is mentioned within filing text. The filing is a ticker of notification rather than a full transaction.
- · The disclosure is under Regulation 29(2) of SAST, which applies to acquisition made by any person having voting rights or shareholding above threshold. However, the specific trigger threshold (15%, 20%, etc.) is not stated.
12-09-2026
Meesho Limited published a corrigendum notice for its 11th Annual General Meeting (AGM) in Financial Express (English) and Vishwavani (Kannada) on September 12, 2026, correcting the original AGM notice dated July 23, 2026. The corrigendum was circulated electronically to members on September 11, 2026, but the remote e-voting period, cut-off date, and AGM participation procedure remain unchanged. This is a routine procedural disclosure with no financial impact.
- · The 11th AGM notice was originally dated July 23, 2026.
- · The corrigendum was published in English (Financial Express) and Kannada (Vishwavani) newspapers on September 12, 2026.
- · The corrigendum was circulated electronically to members on September 11, 2026.
- · No changes were made to the remote e-voting period, cut-off date, or AGM participation procedure.
12-09-2026
Shivom Investment & Consultancy Ltd's board approved and filed backlogged audited financial results for the quarters ended March 31, 2025 and June 30, 2025, with an unmodified audit opinion. The company is emerging from CIRP with a resolution plan approved by NCLT on August 18, 2025, involving a 1:1000 equity consolidation and issuance of CCDs worth Rs.21.46 crore to settle creditors. Trading remains suspended pending revocation of suspension by the stock exchange, representing a critical material uncertainty for public shareholders.
- · Trading of company's shares remains suspended; application for revocation of suspension and activation of listing filed on 16.04.2025 is under process.
- · No ISIN has been allotted yet for the restructured shares, so they are held in physical form and not admitted to the depository system.
- · The audited financial results for Q4 FY25 and Fy25 include the results for the quarter ended 31st March 2025 as the balancing figure between audited figures for the full year and published year-to-date figures up to third quarter.
- · Share capital remained unchanged at Rs. 6,995.13 lakh (Rs. 69.95 Crore) between March 2024 and March 2025.
- · No revenue, profit or loss figures for either period were disclosed in the filing.
12-09-2026
The filing is an insider trading disclosure under SEBI (SAST) Regulations, 2011 for Aspira Pathlab & Diagnostics Ltd, reporting that Jay Arvind Bhanushali has made a disclosure under Regulation 29(2). The filing does not specify whether the transaction is an acquisition or disposal, nor does it provide any transaction volume, value, or price. No promoter pledge changes, related party transactions, or other financial metrics are disclosed. The disclosure is timely (filed on September 12, 2026, with no indication of delay), but the lack of quantitative details limits the ability to assess materiality or market impact.
- · Filing date: September 12, 2026
- · Exchange: BSE
- · Sector classified as technology (though company name suggests diagnostics/lab services)
- · No transaction volume, value, or price disclosed
- · No promoter holding percentage or change mentioned
- · No pledge creation or reduction indicated
- · No related party transactions noted
12-09-2026
Dr. Krishna Prasad Chigurupati, promoter of Granules India Limited, sold 1,72,00,000 equity shares (6.94% of voting capital) on September 11, 2026, through a block deal and open market. The transaction reduced his stake from 31.00% to 24.06% and saw participation from marquee institutional investors including Capital Group, Kotak Mahindra Life Insurance, ChrysCapital, and Allspring. This represents a significant dilution of promoter holding, which may impact investor perception of promoter commitment.
- · The sale was executed via a block deal and open market on September 11, 2026.
- · Marquee institutional investors including Capital Group, Kotak Mahindra Life Insurance, ChrysCapital, and Allspring participated in the transaction.
- · The company's equity share capital remained unchanged at ₹24,77,96,921 (24,77,96,921 equity shares of Re. 1 each) before and after the sale.
- · Total diluted share capital after the sale is ₹27,27,96,921 (27,27,96,921 equity shares of Re. 1 each).
12-09-2026
Adani Enterprises Ltd has set the record date for redemption of a commercial paper as September 24, 2026, with the maturity date being September 25, 2026. This is a routine disclosure regarding the redemption of a debt instrument and contains no financial performance metrics. No other company financials or operational data are included in the filing.
- · ISIN: INE423A14ZI9
- · Scrip code: 732054
- · Maturity date: September 25, 2026
- · Record date: September 24, 2026
- · Purpose of record date: Redemption
12-09-2026
Catalyst Trusteeship Limited, acting as onshore security agent for lenders, disclosed an encumbrance over 6,18,85,880 equity shares (33.90% of voting capital) of Nuvama Wealth Management Limited. The encumbrance was originally created in December 2024 by PAGAC Ecstasy Pte. Ltd. and remains unchanged in share quantity, but the secured loan amount has increased from USD 265,000,000 to USD 450,000,000 under an amended facility agreement dated September 9, 2026. No new shares were pledged, and no acquisition or sale of shares occurred.
- · The encumbrance was originally created on December 18, 2024, via an unattested pledge agreement.
- · The number of pledged shares increased from 1,23,77,176 to 6,18,85,880 due to a stock split by Nuvama in December 2025, not from additional pledging.
- · The amended facility agreement was executed on September 9, 2026.
- · No further pledge or encumbrance has been created over any additional equity shares.
12-09-2026
Suryachakra Power Corporation Ltd submitted an explanation to BSE for the delayed filing of the outcome of its board meeting held on September 7, 2026. The company attributed the delay to inadvertent procedural issues and stated it has strengthened internal compliance to avoid future delays. No financial figures or operational metrics were disclosed in this filing.
- · Board meeting was held on September 7, 2026.
- · Delay was attributed to time needed for final verification and compilation of decisions.
- · Company acknowledged the importance of timely disclosures under SEBI (LODR) Regulations, 2015.
- · Company has strengthened internal compliance mechanisms to ensure future timely submissions.
12-09-2026
Mukka Proteins Limited held its 16th AGM on September 10, 2026, via video conference, and all 10 resolutions proposed were passed with the requisite majority. While promoter and institutional votes were unanimous (100% in favor), a small but consistent minority of public non-institutional shareholders voted against each resolution, with opposition ranging from 3.57% to 4.09%. The resolutions included the adoption of financial statements, re-appointment of directors, and approval of increased borrowing limits.
- · The AGM was held on September 10, 2026, at 3:00 PM IST via video conference.
- · The scrutinizer's report is dated September 11, 2026.
- · Resolution 9 (re-appointment of MD & CEO) saw the highest opposition from public non-institutional shareholders at 4.09%.
- · Resolution 4 (increase in borrowing limit) saw the second-highest opposition from public non-institutional shareholders at 4.04%.
- · Promoter and promoter group voted 100% in favor of all resolutions.
- · Public institutions had a very low polling percentage (0.24%) but voted unanimously in favor.
- · No invalid votes were recorded for any category.
12-09-2026
Aptus Pharma Limited informed BSE that its management will hold a group meeting with investors and analysts on Friday, September 18, 2026, from 4:00 to 6:00 PM in Mumbai. The meeting is for discussing publicly available information; no specific financial results or material disclosures are announced.
- · The meeting follows SEBI Regulation 30 (6) for intimation to exchanges.
- · The venue is in Mumbai; exact location not specified.
- · Changes may occur due to exigencies.
12-09-2026
Aztec Fluids & Machinery Limited disclosed the consolidated voting results and scrutinizer's report for its 16th Annual General Meeting held on September 10, 2026. All resolutions were passed with overwhelming support from both promoters and public shareholders, with no votes cast against any resolution. The filing is a routine regulatory disclosure under SEBI Listing Regulations and does not contain any financial results or material business developments.
- · The AGM was conducted on September 10, 2026 at 3:00 PM through Video Conferencing / Other Audio-Visual Means.
- · All resolutions were passed with 100% votes in favor from both promoter and public categories; no votes were cast against any resolution.
- · The scrutinizer's report was issued by Mr. Ravi Kapoor, Practicing Company Secretary, Ahmedabad, dated September 11, 2026.
- · The company is CRISIL rated and ISO 9001:2015 certified.
12-09-2026
Baron Infotech Limited has disclosed the 1st meeting of its Monitoring Committee (MC) held on September 12, 2026, under the Insolvency and Bankruptcy Code. The MC noted the NCLT Hyderabad Bench's approval of the Resolution Plan, received ₹2,69,03,046.49 towards CIRP costs, and approved payments to creditors from Innopark (India) Private Limited, along with an implementation timetable. The meeting also covered administrative items such as escrow account opening, share capital restructuring, and BSE listing compliances, but no financial performance or period-over-period comparisons were provided.
- · The Monitoring Committee meeting lasted about 1 hour 58 minutes (11:00 am to 12:58 pm IST).
- · The NCLT Hyderabad Bench has approved the Resolution Plan for Baron Infotech Limited.
- · Payments to creditors are being made by Innopark (India) Private Limited.
- · The Resolution Professional's AFA (Authorisation for Assignment) is valid until December 31, 2026.
12-09-2026
Ludlow Jute & Specialities Ltd. announced that at its 47th Annual General Meeting held on 11 September 2026, a resolution to alter the Articles of Association by inserting Article 133 to appoint a Chairman Emeritus was passed with the requisite majority. The new article allows the Board to appoint a distinguished person as Chairman Emeritus for life (until resignation or Board resolution), who may attend meetings but has no voting rights and is not considered a Director. This corporate governance change enables the appointment of an honorary position with potential compensation, but no specific appointments or payments were disclosed.
- · Resolution No. 4 was put for vote at the 47th AGM held on 11 September 2026
- · Article 133 allows appointment of any person who has rendered significant or distinguished services to the Company, the jute industry, or public field as Chairman Emeritus
- · Chairman Emeritus holds office until resignation or Board resolution to the contrary
- · May attend Board/Committee meetings but has no voting rights and is not party to any decision
- · Not deemed a Director for purposes of the Companies Act or other statutes
- · Board may decide to make payments for services rendered by Chairman Emeritus
- · If Chairman Emeritus is later appointed as a Director, they may retain the title
- · No specific individual was named as Chairman Emeritus in this filing
12-09-2026
Sammaan Capital Limited has notified the stock exchanges of record dates for interest payments on 91 series of secured and unsecured redeemable non-convertible debentures (NCDs) issued via public issue and private placement. The record dates range from September 24, 2026 to October 22, 2026, with corresponding interest payment dates from October 9, 2026 to November 6, 2026. This is a routine regulatory disclosure under SEBI LODR regulations and contains no financial performance data.
- · Record dates for interest payment range from 24-Sep-2026 to 22-Oct-2026.
- · Interest payment dates range from 09-Oct-2026 to 06-Nov-2026.
- · All NCDs are listed on both NSE and BSE.
- · The filing covers 87 series from public issue and 6 series from private placement.
12-09-2026
Sammaan Capital Limited has informed the stock exchanges of record dates for interest payments on its Secured and Unsecured Redeemable Non-Convertible Debentures (NCDs) issued via public issue and private placement. The record dates range from September 24, 2026, to October 22, 2026, with corresponding payment dates from October 9, 2026, to November 6, 2026. This is a routine regulatory disclosure under SEBI LODR Regulation 60(2) and does not indicate any change in the company's financial position.
- · Record dates for interest payment range from 24-Sep-2026 to 22-Oct-2026 across various NCD series.
- · Interest payment dates range from 09-Oct-2026 to 06-Nov-2026.
- · All NCDs are listed on both NSE and BSE.
- · The filing covers 87 NCD series in total: 83 from public issue and 4 from private placement.
- · The disclosure is made under Regulation 60(2) of SEBI (LODR) Regulations, 2015.
12-09-2026
Bai-Kakaji Polymers Ltd has amended its Memorandum of Association to add a new business line covering industrial machinery, moulds, equipment, and related spare parts for agricultural, manufacturing, and allied industries. The change was approved by shareholders via a special resolution at the 13th Annual General Meeting held on September 12, 2026. This strategic move is intended to diversify the company's operations and capture emerging opportunities in the industrial machinery sector.
- · The new sub-clause 6 was inserted after existing sub-clause 5 under Clause III(A) of the MOA.
- · The alteration was approved by way of a Special Resolution at the 13th Annual General Meeting.
- · The company is authorized to act as manufacturers, producers, fabricators, assemblers, processors, importers, exporters, traders, buyers, sellers, retailers, wholesalers, and dealers in the specified machinery and equipment.
12-09-2026
Lloyds Engineering Works Limited has published newspaper advertisements pursuant to an NCLT order convening meetings of equity shareholders and unsecured creditors on October 16, 2026, to consider and approve a Scheme of Merger by Absorption of three transferor companies: Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited. The filing is a procedural disclosure under SEBI regulations and does not contain any financial performance data or period-over-period comparisons.
- · Meetings of equity shareholders and unsecured creditors are scheduled for Friday, October 16, 2026, via Video Conferencing or Other Audio Visual Mode.
- · The newspaper advertisements were published on September 12, 2026, in Business Standard (English) and Loksatta (Marathi).
- · The scheme involves merger by absorption of three transferor companies into Lloyds Engineering Works Limited.
- · The filing is made under Regulation 30 and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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