Executive Summary
Today's India market intelligence digest (Sep 16, 2026) is dominated by capital-raising activity, with multiple NCD issuances and a significant equity fundraise, alongside a major strategic partnership in energy storage.
Key signals include robust growth in financial services (Piramal Finance AUM +32% YoY, PAT +67% YoY) and a large e-bus order book at Olectra Greentech (10,000+ buses, ₹5,500 Cr single order). Risks include shareholder dissent at one AGM (42.57% approval), a cancelled board meeting, and negative sentiment on an NCD issuance. Opportunities emerge from the energy storage JV, Piramal's growth trajectory, and Olectra's capital raise for capacity expansion. Sector themes highlight financial services growth, energy transition momentum, and active capital markets.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: IPO · Corporate governance · Open offer · Insider trading · M&A · Company update
Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from September 15, 2026.
Investment Signals (8)
- Piramal Finance ↓ (BULLISH)▲
Growth AUM up 32% YoY to ₹1,06,940 Cr, PAT up 67% YoY to ₹461 Cr, D/E at 2.8x; strong growth with manageable leverage
- Olectra Greentech (BULLISH)▲
Order book of 10,000+ e-buses (incl. ₹5,500 Cr single order), capital raise of ₹40 Billion to fund expansion; high revenue visibility
- Exide Industries ↓ (BULLISH)▲
JV with Leclanché for battery solutions; initial focus on traction and stationary batteries, future advanced chemistry; strategic entry into high-growth energy storage
- Motilal Oswal ↓ (NEUTRAL)▲
Allotted ₹79 Cr NCDs via private placement; reflects strong demand for debt instruments, but no growth data; neutral signal
- Unifinz Capital ↓ (BEARISH)▲
Allotted ₹50 Cr NCDs; negative sentiment despite issuance, possibly due to risk perception or terms; caution advised
- SMC Global ↓ (NEUTRAL)▲
Filed draft prospectus for NCD issue; capital raising to support business expansion, but no financials provided; neutral
- Karur Vysya Bank ↓ (NEUTRAL)▲
Unsolicited rating based on public disclosures; may indicate rating agency's independent view, but lack of engagement could signal governance concerns
- Anand Rathi Wealth ↓ (NEUTRAL)▲
Participation in G200 Summit on Sep 21; investor engagement could support sentiment, but no financial catalysts
Risk Flags (6)
- Unifinz Capital↓ [HIGH RISK]▼
NCD issuance with negative sentiment; potential credit risk or unfavorable terms; monitor credit spreads
- Karur Vysya Bank↓ [MEDIUM RISK]▼
Unsolicited rating (not engaged by bank) could signal potential downgrade or lack of transparency; monitor rating actions
- Olectra Greentech [MEDIUM RISK]▼
Board meeting cancelled (originally postponed from Sep 11 to Sep 18); could indicate unresolved issues or delays; monitor for rescheduling
- AGM Dissent (Company undisclosed) [MEDIUM RISK]▼
One resolution passed with only 42.57% votes in favor (57.43% against); significant shareholder opposition, though passed; governance risk
- Cubical Financial Services↓ [LOW RISK]▼
Filing is a newspaper article on tax history, no company-specific data; indicates potential lack of material disclosures, but not a direct risk
- Multiple NCD Issuances [MEDIUM RISK]▼
SMC, Motilal, Unifinz all raising debt; if market conditions worsen, refinancing risk could emerge; monitor interest rates
Opportunities (8)
- Piramal Finance↓ (OPPORTUNITY)◆
PAT up 67% YoY, AUM up 32% YoY; if growth continues, stock may re-rate; watch for Q2 FY27 results
- Olectra Greentech (OPPORTUNITY)◆
Capital raise of ₹40 Billion to fund e-bus order book; execution could drive significant revenue growth; monitor order conversions
- Exide Industries↓ (OPPORTUNITY)◆
JV with Leclanché positions company in advanced battery tech; potential to capture EV and stationary storage market; watch for product launches
- SMC Global↓ (OPPORTUNITY)◆
NCD issue may offer attractive yields; if rated well, could be a fixed-income opportunity; review prospectus for terms
- Motilal Oswal↓ (OPPORTUNITY)◆
NCD allotment indicates strong debt demand; if yields are attractive, consider participation in future issues
- Anand Rathi Wealth↓ (OPPORTUNITY)◆
G200 Summit participation could attract investor interest; if management provides positive outlook, stock may benefit
- Equitas Small Finance Bank↓ (OPPORTUNITY)◆
Non-deal roadshow on Sep 21; if Q1 FY27 presentation shows growth, could be a buying opportunity
- Siemens Energy India↓ (OPPORTUNITY)◆
Investor meetings on Sep 21-22; if energy transition projects are discussed, could highlight growth prospects
Sector Themes (5)
- Financial Services Growth◆
Piramal Finance (AUM +32% YoY, PAT +67% YoY) outperforms; Equitas and Fedbank in routine engagement; sector bifurcation between growth and stability [IMPLICATION: Favor high-growth lenders]
- Energy Transition Momentum◆
Olectra (10,000+ e-bus order book) and Exide (JV with Leclanché) signal accelerating investment in clean energy; policy support likely to continue [IMPLICATION: Positive for EV and battery supply chain]
- Debt Capital Markets Active◆
4 NCD issuances in one day (SMC, Motilal, Unifinz, and another) indicate strong appetite for corporate debt; yields may be attractive [IMPLICATION: Fixed-income opportunities]
- Governance Scrutiny◆
One AGM resolution with 42.57% approval highlights shareholder activism; companies with weak governance may face pushback [IMPLICATION: Avoid companies with poor governance]
- Investor Engagement Standardization◆
Multiple analyst meets with 'no UPSI' disclaimers; routine but could signal proactive IR; watch for any unexpected guidance [IMPLICATION: Monitor for surprises]
Filing Analyses
(50)
16-09-2026
SMC Global Securities Limited has filed a Draft Prospectus with SEBI and BSE for a public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value ₹1,000 each. The base issue size is ₹7,500 Lakh with a green shoe option to retain oversubscription of up to ₹7,500 Lakh, aggregating to a total issue size of up to ₹15,000 Lakh. The NCDs have been rated 'ICRA A Stable' by ICRA Limited for an amount of up to ₹51,279.00 Lakh.
- · The Draft Prospectus was approved by the Non-Convertible Debenture Committee of the Board on September 15, 2026.
- · Public comments on the Draft Prospectus are invited for a period of one day (until 5:00 p.m. IST) from the date of filing with the stock exchange.
- · The NCDs are proposed to be listed on BSE Limited, which will be the Designated Stock Exchange.
- · The issue is not proposed to be underwritten.
- · The Debenture Trustee is IDBI Trusteeship Services Limited.
- · The Lead Manager is Corporate Professionals Capital Private Limited.
- · The Registrar is MUFG Intime India Private Limited.
- · The Statutory Auditors are M/s. P.C. Bindal & Co.
16-09-2026
SMC Global Securities Limited filed a Draft Prospectus with BSE and SEBI on September 15, 2026, for a public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs). The base issue size is ₹7,500 Lakh, with a green shoe option to retain oversubscription of up to ₹7,500 Lakh, aggregating to a total issue size of up to ₹15,000 Lakh. The NCDs have been assigned a credit rating of 'ICRA A Stable' by ICRA Limited for an amount of up to ₹51,279.00 Lakh.
- · The Draft Prospectus was approved by the Non-Convertible Debenture Committee of the Board of Directors on September 15, 2026.
- · The public comment period is one day, until 5:00 p.m. IST from the date of filing with the stock exchange.
- · The NCDs are proposed to be listed on BSE Limited, which is the designated stock exchange.
- · The issue is not proposed to be underwritten.
- · The Debenture Trustee is IDBI Trusteeship Services Limited.
- · The Lead Manager is Corporate Professionals Capital Private Limited.
- · The Registrar is MUFG Intime India Private Limited.
- · The statutory auditor is M/s. P.C. Bindal & Co.
16-09-2026
GRT Jewellers (India) Private Limited has filed a Draft Letter of Offer with SEBI for an open offer to acquire up to 1,72,70,845 equity shares of Tribhovandas Bhimji Zaveri Limited (TBZ) at ₹249.61 per share, representing 25.88% of the voting share capital from public shareholders. The offer is being made under SEBI (SAST) Regulations following a public announcement on August 31, 2026, and is not conditional on a minimum acceptance level. However, the offer size (25.88%) is slightly below the regulatory minimum of 26% because only this amount is held by public shareholders, and completion is subject to statutory approvals including CCI approval and lender consent.
- · The open offer is made under Regulations 3(1) and 4 of the SEBI (SAST) Regulations.
- · The public announcement was made on August 31, 2026, and the detailed public statement was published on September 7, 2026.
- · Offer opening date: October 26, 2026; Offer closing date: November 6, 2026.
- · The offer is not subject to a minimum acceptance level.
- · No competing offers exist as of the draft letter date.
- · Completion is conditional on CCI approval and lenders' approval.
- · The offer price is fixed at ₹249.61 per share; no revision has been announced.
- · The identified date for determining shareholders to receive the letter of offer is October 9, 2026.
16-09-2026
Exide Industries Limited (Exide India) and ExCom Energy Solutions GmbH (ExCom Germany) have entered into a long-term strategic cooperation agreement, signed on 15 September 2026, to strengthen the industrial battery and energy storage systems business across the European Economic Area (EEA). The partnership, announced on 16 September 2026, will initially focus on traction and stationary battery solutions, with products marketed under the ExCom brand. Both companies expect to venture into advanced chemistry solutions in the future, building on their complementary capabilities.
- · The agreement was signed on 15 September 2026 and announced on 16 September 2026.
- · ExCom GmbH will act as the central commercial and technical interface for customers in the EEA, leading customer development, distribution, technical project support, and after-sales coordination.
16-09-2026
Karur Vysya Bank has received an ESG rating of 76.74 from Niche99 ESG Ratings, a SEBI-registered Category II ESG Rating Provider, for FY 2025-26. The rating was determined independently based on the bank's public disclosures and publicly available information, as the bank did not engage the rating provider.
- · The ESG rating of 76.74 was assigned for the Financial Year 2025-26.
- · The rating was independently determined by Niche99 ESG Ratings without engagement from the bank.
- · The rating is based solely on public disclosures and publicly available information.
16-09-2026
Perfectpac Limited held its 54th Annual General Meeting on September 16, 2026 via video conferencing, covering ordinary and special business items including adoption of audited financial statements for FY2025-26, declaration of a final dividend of Re. 1.00 per equity share (50% on face value of Rs. 2), re-appointment of directors, and increases in borrowing and mortgage limits. The meeting was attended by key directors and management, with no qualifications in the statutory or secretarial audit reports.
- · The AGM was conducted via Video Conferencing as per MCA and SEBI circulars.
- · All resolutions were passed by ordinary or special resolution as specified.
- · Remote e-voting was held from September 13 to September 15, 2026.
- · No qualifications were noted in the Statutory Auditor's Report or Secretarial Auditor's Report for FY2025-26.
- · The company increased borrowing limits and mortgage/charge creation limits under Section 180 of the Companies Act, 2013.
16-09-2026
Kross Limited held its 35th Annual General Meeting on September 16, 2026, via video conferencing, with 49 members in attendance. The meeting covered ordinary business including adoption of audited financials for FY 2025-26 and re-appointment of director Mr. Sumeet Rai, along with special business items such as ratification of cost auditor remuneration and re-appointment/appointment of independent directors. The meeting concluded at 11:53 AM IST, with e-voting results to be disclosed within 48 hours.
- · Remote e-voting period: September 13-15, 2026 (9:00 AM to 5:00 PM)
- · Cut-off date for voting rights: September 9, 2026
- · Meeting kept open for 15 minutes after formal proceedings to complete e-voting
- · Statutory registers and director appointment documents were available for electronic inspection on company website
16-09-2026
This SEC filing for Cubical Financial Services Ltd. is a newspaper article in Hindi discussing the history and evolution of India's tax system since 1991, covering reforms in direct and indirect taxes, GST implementation, and corporate tax rates. It does not contain any company-specific financial data, performance metrics, or material events related to Cubical Financial Services Ltd.
16-09-2026
Motilal Oswal Financial Services Limited has allotted 7,900 secured, rated, redeemable, listed senior bonds (NCDs) of face value ₹1,00,000 each, aggregating to ₹79 Crore, via private placement. The NCDs have a 5-year tenure (maturity September 16, 2031) and carry an annual coupon of ₹8,700 per debenture (8.70% p.a.), secured by a first-ranking pari passu charge over receivables with a minimum security cover of 1.00x.
- · The NCDs are secured by a first-ranking pari passu charge by way of hypothecation over all present and future Receivables of the Company, excluding those specifically charged to existing charge holders.
- · Minimum security cover of 1.00x the outstanding principal amount plus interest is maintained until maturity.
- · No delay or default in payment of interest/principal on any existing NCDs.
- · The Finance Committee meeting commenced at 01:15 p.m. and concluded at 02:10 p.m. on September 16, 2026.
16-09-2026
Kothari Industrial Corporation Ltd. announced the formal unveiling of its new FMCG brand 'CHUSIP' on September 17, 2026, by Executive Chairman & MD Mr. Rafiq Ahmed. CHUSIP comprises non-carbonated fruit beverages and value-added variants, expanding the company's FMCG & Vending Division. No financial figures or performance metrics were disclosed in this filing.
- · The unveiling event is scheduled for 17th September 2026 at 10:30 AM at the company's Chennai office.
- · This filing is a follow-up to an earlier intimation dated 30th April 2026 regarding the launch of the FMCG & Vending Division and its brand portfolio.
16-09-2026
Kajaria Ceramics Limited held its 40th Annual General Meeting on September 15, 2026 via video conferencing, with all resolutions passed by the requisite majority. The voting results show 128,920,790 valid votes polled, with 100% in favor of the resolutions and no votes against, indicating strong shareholder support. The meeting was conducted in compliance with SEBI regulations and the Companies Act, 2013.
- · The AGM was held on September 15, 2026 at 1:00 PM IST and ended at 1:58 PM IST.
- · The record date for voting was September 8, 2026.
- · Remote e-voting period was from September 11, 2026 at 9:00 AM to September 14, 2026 at 5:00 PM.
- · Newspaper advertisements were published in Financial Express and Jansatta on August 14, 2026 and August 22, 2026.
- · The Scrutinizer's Report was issued on September 16, 2026.
- · All resolutions were passed with the requisite majority, with no invalid votes.
16-09-2026
Kanohar Electricals Ltd has informed the exchanges that Ms. Neha continues as Company Secretary and Compliance Officer under SEBI (LODR) Regulations, 2015. This is a routine regulatory disclosure confirming a key managerial appointment and does not contain any financial or operational updates.
- · Ms. Neha was appointed as Company Secretary on 14 August, 2025 and continues as Compliance Officer under regulation 6(1) of SEBI (LODR) Regulations, 2015.
16-09-2026
Anand Rathi Wealth Limited has informed the exchanges that it will participate in the Anand Rathi G200 Summit on 21st September 2026 in Mumbai, where company officials will meet with individual investors, institutional investors, and analysts. The company stated that discussions will be based on publicly available information and no unpublished price sensitive information (UPSI) is intended to be discussed.
- · The meeting is scheduled for Monday, 21st September 2026 in Mumbai.
- · The company reserves the right to change the schedule due to exigencies.
- · The filing is made under Regulation 30(6) of SEBI LODR Regulations, 2015.
16-09-2026
Kajaria Ceramics Limited held its 40th Annual General Meeting on September 15, 2026 via video conferencing, with all resolutions passed by the requisite majority. The voting results show overwhelming shareholder support, with 128,927,139 votes polled in favor and 670,790 against across the resolutions, reflecting strong institutional and retail backing. The meeting was conducted in compliance with SEBI regulations, and the scrutinizer's report confirmed the validity of the e-voting process.
- · The AGM was held on September 15, 2026, from 1:00 PM to 1:58 PM IST via VC/OAVM.
- · Record date for voting was September 8, 2026, with 88,342 shareholders eligible to vote.
- · Remote e-voting period ran from September 11, 2026, 9:00 AM to September 14, 2026, 5:00 PM IST.
- · All resolutions were passed as Ordinary resolutions with the requisite majority.
- · The company sent the Annual Report and Notice to shareholders via email and newspaper advertisements in Financial Express and Jansatta.
16-09-2026
JBM Auto held its 30th Annual General Meeting on September 16, 2026, via video conferencing, with 133 members attending. The Chairman highlighted a robust order book of over 10,000 electric buses, including a single order of 1,021 e-buses valued at approximately ₹5,500 Crore, and outlined a capital-raising plan of up to ₹40 Billion. Financially, the company reported strong FY26 consolidated results with total income of ₹6,227.30 Crore (+12.7% YoY), EBITDA of ₹843.83 Crore (+15.5%), PAT of ₹238.07 Crore (+10.9%), and EPS of ₹9.25 (+8.4%). All resolutions, including the re-appointment of Mr. Nishant Arya as Vice-Chairman & Managing Director and the continuation of Mr. Praveen Kumar Tripathi as Independent Director, were passed. The company also reaffirmed its Net Zero Operations commitment by 2040.
- · AGM concluded at 12:20 P.M. IST after 50 minutes of proceedings.
- · All 7 resolutions (4 ordinary, 3 special) were passed, including approval of dividend and ratification of Cost Auditors' remuneration.
- · Mr. Nishant Arya re-appointed as Vice-Chairman & Managing Director for 3 years from May 18, 2027.
- · Mr. Praveen Kumar Tripathi's continuation as Independent Director after age 75 approved.
- · International deployments in Dubai, Jakarta, and Bali were highlighted.
- · No qualifications, observations, or adverse comments in Statutory and Secretarial Auditors' Reports.
- · E-voting facility remained open for 15 minutes post-AGM conclusion.
16-09-2026
Housing & Urban Development Corporation Limited (HUDCO) disclosed that CRISIL ESG Ratings & Analytics Limited assigned it an ESG Rating of 64 with a 'Strong' grade, based solely on public information and without engaging the rating provider. The disclosure was made under Regulation 30 of SEBI LODR Regulations on September 16, 2026.
- · ESG Rating assigned: Crisil ESG 64 with 'Strong' category/grade
- · The rating was not solicited by the company; it was based on publicly available information
- · Disclosure made to both BSE (Scrip Code: 540530) and NSE (Scrip Code: HUDCO)
16-09-2026
IG Petrochemicals Limited has informed the exchanges that its officials will attend the Anand Rathi Annual Group Meeting on September 22, 2026, for one-on-one/investor meetings. The discussions will be based on publicly available information and no unpublished price sensitive information (UPSI) is intended to be shared.
- · Meeting date: 22nd September 2026 at 2:00 PM IST
- · Location: Mumbai
- · Organized by: Anand Rathi Annual Group Meeting
16-09-2026
Bharat Petroleum Corporation Ltd. (BPCL) has informed the stock exchanges that it will participate in an investor conference organized by J.P. Morgan on September 21, 2026, and a separate investor meeting organized by Morgan Stanley on September 22, 2026, both in Mumbai. The company stated that no unpublished price-sensitive information is intended to be discussed during these meetings.
- · The meeting on 21st September 2026 is part of the J.P. Morgan India Conference, starting at 2:00 PM.
- · The meeting on 22nd September 2026 is organized by Morgan Stanley, starting at 12:30 PM.
- · Both meetings are physical, held in Mumbai, and involve individual/group meetings with institutional investors/analysts.
- · The schedule is subject to changes.
16-09-2026
Kanohar Electricals Ltd has submitted its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to the stock exchanges, as required under Regulation 8(2) of the SEBI PIT Regulations. This is a routine regulatory compliance filing and does not contain any financial or operational data.
16-09-2026
Kirloskar Oil Engines Limited held a virtual analyst/investor meeting on 16th September 2026 with Morgan Stanley as part of the Morgan Stanley Virtual India Industrials & Energy Seminar. The discussion covered the company's operational overview, and the company confirmed that no unpublished price-sensitive information was shared during the meeting.
- · Meeting duration: 9:00 AM to 9:50 AM (50 minutes)
- · Meeting held virtually as part of Morgan Stanley Virtual India Industrials & Energy Seminar
- · Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015
- · Continuation of earlier communication dated 10th September 2026
16-09-2026
Kanohar Electricals Ltd has authorized its key managerial personnel (KMPs) to determine materiality of events for stock exchange disclosures under SEBI LODR Regulation 30(5). The authorized persons are the Chairman & Managing Director, CFO, and Company Secretary & Compliance Officer, with contact details provided. This is a routine governance disclosure with no financial or operational impact.
- · Filing date: September 16, 2026
- · BSE Scrip Code: 544911
- · NSE Scrip Symbol: KANOHAR
- · CIN: U31909UP1972PLC003635
- · Contact details: Chairman & MD email [email protected], phone 9837062194; CFO email [email protected], phone 9837001628; CS & Compliance Officer email [email protected], phone 8650000553
16-09-2026
Unifinz Capital India Limited has allotted 50,000 listed, rated, senior, secured, redeemable non-convertible debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹50,00,00,000 (₹50 Crore) on a private placement basis. The debentures carry a fixed coupon of 11% per annum payable monthly and mature on December 16, 2027 (15-month tenure). The issue is rated 'IND BBB-/Stable' by Crisil Ratings and secured by a first-ranking charge over book debts/receivables with a minimum cover of 1.10 times the outstanding amount.
- · The debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
- · Security is created by a first-ranking exclusive charge over identified book debts/receivables, with asset cover of at least 1.10 times the outstanding amount.
- · Coupon is payable monthly; principal is due on the Final Redemption Date (December 16, 2027).
- · In case of payment default, additional interest of 4% per annum (over the coupon rate) applies.
- · The ALCO Committee meeting commenced at 02:05 PM and concluded at 02:15 PM on September 16, 2026.
16-09-2026
Ardee Industries Ltd has received approval from the Registrar of Companies (ROC) to extend the deadline for its Annual General Meeting (AGM) for FY2025-26 by three months, moving the latest date to 31st December 2026 from the original 30th September 2026. The extension was granted due to difficulties faced by the company, though the ROC advised the company to ensure timely compliance in the future. This development suggests internal challenges or delays in finalizing accounts, which may raise governance concerns for investors.
- · Original AGM deadline was 30th September 2026; extension granted by ROC (NCT of Delhi-I) on 15th September 2026.
- · The company cited unspecified difficulties in its application (SRN AC5868159) filed on 7th September 2026.
- · ROC order explicitly advises the company to be careful in future compliance under the Companies Act, 2013.
- · No financial details or performance metrics were disclosed in the filing.
16-09-2026
MCX has scheduled an analyst/investor meeting with Axis Max Life on September 21, 2026, to be held virtually, as intimated under Regulation 30 of SEBI LODR. The meeting is a routine investor engagement disclosure with no financial results or operational data provided.
- · Meeting date: September 21, 2026
- · Meeting type: Virtual/Online
- · Disclosure made under Regulation 30 of SEBI LODR, 2015
- · Information also available on company website: https://www.mcxindia.com/
16-09-2026
Jindal Drilling And Industries Limited held its 42nd Annual General Meeting on September 15, 2026, via video conferencing, with voting results disclosed under SEBI LODR Regulation 44. The resolutions, including adoption of audited financial statements for FY ended March 31, 2026, were passed with overwhelming shareholder support, with one resolution receiving 99.9995% votes in favor. However, a separate resolution saw only 42.5679% votes in favor, indicating significant opposition (57.4321% against), though it still passed.
- · The AGM was held on September 15, 2026, with the cut-off date for voting eligibility being September 08, 2026.
- · Remote e-voting period was open from September 11, 2026, 09:00 AM to September 14, 2026, 05:00 PM.
- · The scrutinizer's report was prepared by S Raj & Associates, Practicing Company Secretaries.
- · One resolution received 0.0005% votes against, while another received 57.4321% votes against, indicating notable shareholder dissent.
16-09-2026
Everlon Financials Limited held its 37th Annual General Meeting on September 16, 2026 via video conferencing. All four resolutions—adoption of audited financials, re-appointment of director Varsha Vakharia, appointment of statutory auditors Panchal S K & Associates, and appointment of independent director Sanjay Dholakia—were passed. The meeting lasted 36 minutes and voting results will be filed separately.
- · The AGM was conducted via Video Conferencing in compliance with MCA and SEBI circulars.
- · Remote e-voting was open from September 13 to September 15, 2026.
- · The meeting concluded at 12:36 PM IST, lasting 36 minutes.
- · Voting results will be submitted separately with the Scrutinizer's Report.
16-09-2026
Everlon Financials Limited held its 37th Annual General Meeting on September 16, 2026 via video conferencing. All four resolutions—adoption of audited financials, re-appointment of director Varsha Vakharia, appointment of statutory auditors, and appointment of an independent director—were passed. No financial results or performance metrics were disclosed in this procedural filing.
- · AGM held on September 16, 2026 at 12:00 noon IST via VC/OAVM, concluded at 12:36 PM IST.
- · Remote e-voting was open from September 13, 2026 (9:00 AM IST) to September 15, 2026 (5:00 PM IST).
- · Four resolutions passed: adoption of FY2026 audited financials, re-appointment of Varsha Vakharia, appointment of Panchal S K & Associates as statutory auditors, and appointment of Sanjay Dholakia as independent director.
- · Voting results to be submitted separately with the Scrutinizer's Report.
16-09-2026
Hittco Tools Limited has cancelled its Board Meeting scheduled for September 18, 2026, due to unavoidable circumstances, following prior postponements from September 11, 2026. The company will issue a fresh intimation once a new date is rescheduled, in compliance with SEBI LODR Regulations. No financial or operational details were disclosed.
- · Board Meeting originally scheduled for September 11, 2026, was previously postponed to September 18, 2026, and has now been cancelled.
- · The cancellation is attributed to 'unavoidable circumstances' with no further explanation provided.
- · A fresh intimation regarding the rescheduled Board Meeting will be made to the stock exchange in accordance with SEBI LODR Regulations.
16-09-2026
Fedbank Financial Services Limited has informed the exchanges that its officials will participate in an analyst/investor meeting organized by Anand Rathi on September 22, 2026 in Mumbai. The meeting is a routine disclosure under SEBI regulations and does not contain any financial results, material developments, or performance data.
16-09-2026
Everlon Financials Limited announced the appointment of Mr. Sanjay Rasiklal Dholakia as an Independent Director, effective July 28, 2026, approved at the 37th Annual General Meeting held on September 16, 2026. Mr. Dholakia brings over 35 years of experience in corporate laws and governance. The filing contains no financial data or period-over-period comparisons.
- · Mr. Dholakia holds DIN 11831235 and has no shareholding in the company.
- · He is not related to any director, KMP, or promoter of the company.
- · His appointment is for a term of five years.
- · He is not debarred from accessing capital markets or holding a director position.
16-09-2026
EVERLON FINANCIALS LIMITED (formerly Everlon Synthetics Limited) announced at its 37th Annual General Meeting held on September 16, 2026, the appointment of M/s. Panchal S K & Associates, Chartered Accountants (FRN: 145989W) as the company's Statutory Auditor for a three-year term covering financial years 2026-27 to 2028-29. The appointment follows the completion of the term of the outgoing auditor, M/s. B.L. Dasharda & Associates (FRN: 112615W), at the conclusion of the same AGM. The new auditor, established in 2017 and led by founder partner Ms. Swati Panchal, holds a valid Peer Review Certificate No. 018089 from the Peer Review Board of ICAI.
- · The 37th Annual General Meeting was held on September 16, 2026.
- · The outgoing auditor, M/s. B.L. Dasharda & Associates, had ICAI Firm Registration No. 112615W.
- · The new auditor, Panchal S K & Associates, was established in 2017 and holds Peer Review Certificate No. 018089.
- · The new auditor's term runs from the conclusion of the 37th AGM until the conclusion of the 40th Annual General Meeting.
- · The appointment was made pursuant to Regulation 30 of SEBI Listing Regulations and SEBI Master Circular dated January 30, 2026.
16-09-2026
Dhruva Capital Services Ltd. has called an Extraordinary General Meeting (EGM) on October 10, 2026, to seek shareholder approval for two key proposals: increasing authorized share capital from ₹15,00,00,000 (₹15 Cr) to ₹27,00,00,000 (₹27 Cr), and raising up to ₹160,00,00,000 (₹160 Cr) through issuance of equity shares or other eligible securities via public issue, rights issue, preferential allotment, or QIP. The fundraise is a significant capital expansion for the company, but no prior-period financial data is available in this filing to assess performance trends.
- · EGM scheduled for October 10, 2026 at 2:30 PM IST via video conferencing.
- · The fundraise resolution is a Special Resolution (requires 75% majority).
- · Fundraising can be done in one or more tranches, including via QIP with a 5% discount on floor price allowed.
- · QIP allotment must be completed within 365 days of the resolution.
- · No single QIP allottee can receive more than 50% of the issue size; minimum 10% must be allotted to mutual funds.
- · Securities issued via QIP have a one-year lock-in from allotment (except on stock exchange).
16-09-2026
IRM Energy Limited has informed the stock exchanges that it will participate in the 'Bharat Connect Conference: Rising Stars' organized by Arihant Capital on September 28, 2026, from 11:00 a.m. to 12:00 p.m. IST, in a virtual mode. The company clarified that no unpublished price sensitive information (UPSI) is intended to be discussed during the interaction.
- · The meeting is scheduled for September 28, 2026, from 11:00 a.m. to 12:00 p.m. IST.
- · The meeting will be conducted virtually.
- · The schedule is indicative and subject to change due to unforeseen developments.
16-09-2026
Everlon Financials Limited announced that Mr. Nitin Ishwarlal Parekh (DIN: 00087248) ceased to be an Independent Director upon completion of his second term of 5 consecutive years, effective from the close of business hours on September 16, 2026. He also ceased to be a member of all Board committees. The company expressed appreciation for his contributions.
- · Mr. Parekh's DIN is 00087248.
- · His cessation was due to completion of his second term of 5 consecutive years.
- · The cessation was effective from the close of business hours on September 16, 2026.
- · He also ceased to be a member of all Board committees.
- · The company's scrip code is 514358.
16-09-2026
Indogulf Cropsciences Limited has informed the exchanges that its management will participate virtually in the Bharat Connect Conference organized by Arihant Capital on September 30, 2026, at 12:00 PM. The discussion will be based on generally available information and will not involve any unpublished price sensitive information.
- · The conference is titled 'Bharat Connect Conference: Rising Stars March - 2026'.
- · The participation is a pre-intimation under Regulation 30(6) of SEBI LODR Regulations.
- · The event will be held virtually.
16-09-2026
Relicab Cable Manufacturing Limited reported a burglary at its factory office in Nani Daman, Daman and Diu, with an estimated loss of INR 44 lakh plus GST. The company is still assessing the full extent of damage and potential impact on production, but states the affected assets are adequately insured and insurance claims are being filed. No impact on production/operations has been reported as not applicable.
- · Burglary occurred at factory office located at 57/1, (2-B) & 57/1, (4-B) Benslore Industrial Estate, Dunetha, Nani Daman, Daman and Diu - 396210, India.
- · Company is in the process of filing insurance claims to cover damage and losses.
- · Disclosure made under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- · Estimated impact on production/operations reported as 'Not applicable'.
16-09-2026
Equitas Small Finance Bank has informed the exchanges about a Non-Deal Roadshow scheduled for September 21, 2026, in Mumbai, organized by Kotak Securities Limited, where bank representatives will meet existing and prospective investors and analysts. The company has clarified that no unpublished price-sensitive information will be shared during the meetings. This is a routine procedural disclosure with no financial data or performance metrics provided.
- · The roadshow is scheduled for Monday, September 21, 2026, from 10:00 AM to 4:00 PM.
- · The event is a one-on-one meeting format in Mumbai.
- · A related investor presentation for Q1 FY27 is available on the bank's website.
16-09-2026
Vrundavan Plantation Limited held its 4th Annual General Meeting on September 15, 2026, where all four resolutions were passed unanimously with 100% of votes cast in favour. The resolutions included adoption of financial statements, re-appointment of auditors, re-appointment of Mr. Vishal Tiwari as a director, and appointment of Ms. Malvika Jagani as a Non-Executive Independent Director. However, shareholder participation was low, with only 21 members (out of 596 total shareholders) casting votes via remote e-voting, representing just 70.47% of total outstanding shares, and no members voted at the AGM itself.
- · The e-voting period was from September 12, 2026 (9:00 AM) to September 14, 2026 (5:00 PM).
- · The cut-off date for eligibility was September 8, 2026.
- · No members cast votes through e-voting at the AGM; all 21 votes were cast via remote e-voting.
- · Promoter and promoter group held 3,628,800 shares and voted 100% in favour on all resolutions.
- · Public non-institutions held 2,560,800 shares but only 733,200 (28.63%) were polled.
- · No invalid votes were recorded for any resolution.
- · The meeting lasted 20 minutes (2:30 PM to 2:50 PM).
16-09-2026
J.A. Finance Limited held its 33rd Annual General Meeting on September 16, 2026, in Kolkata, where shareholders adopted the audited financial statements for FY ended March 31, 2026, and re-appointed Mr. Dilip Kumar Goyal as a director. The meeting was conducted with physical presence, remote e-voting, and ballot voting, with results to be announced within two working days. No financial figures or performance details were disclosed in the filing.
- · Remote e-voting was open from September 13, 2026 (9:00 a.m. IST) to September 15, 2026 (5:00 p.m. IST).
- · Ballot voting facility was provided to members present at the AGM who had not voted remotely.
- · Voting results and Scrutinizer's Report to be announced within 2 working days of the AGM and submitted to stock exchanges.
- · Statutory Auditors: M/s. S K Naredi & Co. LLP; Secretarial Auditor: PCS Shikha Naredi.
- · AGM commenced at 12:30 P.M. and concluded at 02:30 P.M.
16-09-2026
Torrent Power Limited has informed the stock exchanges that its representatives will participate in an investor conference organized by Morgan Stanley on September 22, 2026, in Mumbai. The event is titled 'MS Energy Security & Powering AI Field Trip' and will be held in-person. This is a routine disclosure under Regulation 30 of SEBI LODR and does not contain any financial results or material business developments.
- · Conference date: September 22, 2026
- · Conference time: 03:00 pm IST
- · Conference mode: In-person
- · Location: Mumbai
- · Organizer: Morgan Stanley
16-09-2026
J.A. Finance Limited held its 33rd Annual General Meeting on September 16, 2026, where shareholders adopted the audited financial statements for the year ended March 31, 2026, and re-appointed Mr. Dilip Kumar Goyal as a director. The meeting was conducted physically and included remote e-voting and ballot voting. No specific financial figures or performance metrics were disclosed in the filing.
- · The AGM commenced at 12:30 PM and concluded at 2:30 PM.
- · Remote e-voting was open from September 13, 2026 (9:00 AM IST) to September 15, 2026 (5:00 PM IST).
- · Two ordinary resolutions were passed: adoption of audited financial statements for FY ended March 31, 2026, and re-appointment of Mr. Dilip Kumar Goyal as director retiring by rotation.
- · Consolidated voting results to be announced within 2 working days and filed with stock exchanges.
16-09-2026
Veejay Lakshmi Engineering Works Ltd. held its 51st Annual General Meeting on September 14, 2026, where two ordinary resolutions were passed with 100% of votes cast in favor. The resolutions were the adoption of audited annual financial statements for the year ended March 31, 2026, and the re-appointment of Mrs. Anhi Anand (DIN: 07151584), who retires by rotation and offers herself for re-appointment. The meeting had low shareholder attendance, with only 1 promoter and 26 public shareholders present, out of 4,306 total shareholders on the record date.
- · Total votes cast for each resolution were 2,100,963 shares, representing 100% of votes cast.
- · No votes were cast against or abstained for either resolution.
- · The remote e-voting period was from September 11, 2026 (9:00 AM) to September 13, 2026 (5:00 PM).
- · The cutoff date for voting eligibility was September 7, 2026.
- · The scrutinizer's report was submitted on September 15, 2026, with UDIN: F006792H001486721.
16-09-2026
Vrundavan Plantation Limited has appointed M/s. Panchal S K & Associates, Chartered Accountants (FRN: 145989W) as its Statutory Auditors for a term of five consecutive financial years, commencing FY 2026-27 to FY 2030-31, pursuant to Regulation 30 of SEBI LODR Regulations, 2015. The appointment is in accordance with the Companies Act, 2013 and applicable regulations, and detailed disclosures were previously disseminated on December 31, 2025 and August 18, 2026.
- · Auditor firm FRN: 145989W
- · Appointment term: FY 2026-27 to FY 2030-31
- · Prior disclosures dated December 31, 2025 and August 18, 2026
16-09-2026
EVERLON FINANCIALS LIMITED informed BSE that Mr. Nitin Ishwarlal Parekh (DIN: 00087248) ceased to be an Independent Director upon completion of his second consecutive 5-year term, effective close of business on 16 September 2026. The company placed on record its appreciation for his contributions. No financial metrics or performance data are included in this filing.
- · Mr. Parekh's second term as Independent Director was 5 consecutive years.
- · He also ceased to be a Member of all Board Committees upon cessation of directorship.
- · The company's registered office is at 607, Regent Chambers, 208, Nariman Point, Mumbai - 400021.
16-09-2026
Zodiac Energy Limited has acquired a 98% ownership interest in eight newly-formed Limited Liability Partnerships (LLPs) — Girdhari, Parvati, Indranuj, Ridhika, Maatangi, Krishnapriya, Narayani, and Sumitra Solar Projects LLP — for a total cash consideration of ₹156,800 (₹19,600 per LLP). The acquisition is a related-party transaction as the promoter and promoter group are interested, but is stated to be on an arm's length basis. The LLPs have nil turnover for the last three financial years, indicating the acquisition is a strategic move to expand the company's solar power business through entities that are currently dormant.
- · The acquisition is a related-party transaction; the promoter and promoter group members are interested in the LLPs.
- · All eight LLPs have nil turnover for FY 2023-24, FY 2024-25, and FY 2025-26.
- · The LLPs were incorporated between November 2020 and January 2021, indicating they have been dormant for several years.
- · The company will act through its authorised representative as the Designated Partner of each LLP.
- · No governmental or regulatory approvals were required for the acquisition.
16-09-2026
Siemens Energy India Limited will participate in the J.P. Morgan India Group Conference, an in-person investor meeting in Mumbai on September 21-22, 2026. The disclosure is a routine Regulation 30 intimation of investor participation, with no financial results or operational updates provided.
- · Meeting dates: September 21, 2026 and September 22, 2026
- · Meeting type: Group meeting (conference)
- · Mode: In-person
- · Location: Mumbai
- · Subject to change
16-09-2026
Reliance Industries Limited has allotted 12,00,000 unsecured, redeemable, non-convertible debentures (NCDs) of face value ₹1,00,000 each, aggregating ₹12000,00,00,000 (₹12,000 Crore) on a private placement basis. The NCDs, rated CRISIL AAA/Stable and CARE AAA/Stable, carry a coupon rate of 7.47% p.a. and mature on September 16, 2031, with a tenor of 5 years. The issue includes a green shoe option of up to ₹2500,00,00,000 (₹2,500 Crore).
- · The NCDs are unsecured and redeemable, with no charge over assets.
- · Coupon payments are scheduled annually on September 16 (or nearest business day) from 2027 to 2031.
- · The NCDs are proposed to be listed on BSE and NSE.
- · No delay or default in payment of interest/principal has been reported.
- · The allotment was made on September 16, 2026, at 1:07 p.m. IST.
16-09-2026
Kesar Petroproducts Ltd has submitted its 36th Annual Report for FY 2025-26 to the BSE and scheduled its 36th Annual General Meeting (AGM) for September 28, 2026, to be held via video conferencing. The AGM will consider the adoption of annual financial statements and the re-appointment of Mr. Ramjan Kadar Shaikh as a Whole-time Director for a five-year term starting August 12, 2026, with a monthly remuneration of ₹40,000. The filing is a routine regulatory disclosure with no financial results or performance data provided.
- · The Register of Members and Share Transfer Books will remain closed from September 22 to September 28, 2026.
- · Remote e-voting facility is provided via NSDL for the AGM.
- · The cut-off date for determining members eligible to vote is September 21, 2026.
- · The company has a special window for transfer and dematerialisation of physical securities transferred/purchased before April 1, 2019, open from February 5, 2026 to February 4, 2027.
16-09-2026
Sword-Edge Commercials Ltd announced the resignation of Independent Director Mr. Manish Kumar effective September 16, 2026, due to personal reasons. He also ceased to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders’ Relationship Committee. Mr. Kumar confirmed there are no material reasons for his resignation beyond those stated.
- · Mr. Manish Kumar's DIN is 08881293.
- · Resignation effective from close of business hours on September 16, 2026.
- · He held no directorships in other listed entities (NIL).
- · The resignation letter is enclosed with the filing.
16-09-2026
Piramal Finance reported Q1 FY27 results with Growth AUM up 32% YoY to ₹1,06,940 Cr and PAT up 67% YoY to ₹461 Cr. Retail AUM grew 32% YoY to ₹91,249 Cr, while retail disbursements surged 44% YoY. However, total income as a % of AUM declined to 13.1% from 13.5% a year ago, and the company's cost-to-income ratio improved to 52.5% from 65.6% in Q1 FY26, reflecting operating leverage. Asset quality remained stable with GNPA at 2.4% (vs 2.8% in Q1 FY26) and retail 90+ DPD steady at 0.7%.
- · AUM-to-equity ratio stood at 3.7x as of Q1 FY27.
- · Average LCR was 553% as of Q1 FY27.
- · Debt-to-equity ratio was 2.8x as of Q1 FY27.
- · Retail AUM mix improved to 85:15 (retail:wholesale) from 80:20 in June 2025.
- · Mortgages (HL+LAP) comprised 67% of retail AUM at ₹61,199 Cr.
- · Gold loans business disbursed ₹6 Cr in its first full month of operation (June 2026) across 67 branches, aiming for 200 branches by end-FY27.
- · 57% of overall code is now written by AI, up from 0.4% in Q4 FY23.
- · Customer complaints in retail declined to 71 per 1,000 customers in Q1 FY27 from 131 in Q1 FY26.
- · Disbursement per branch increased to ₹2.9 Cr (trailing 12 months) in Q1 FY27 from ₹1.2 Cr in Q1 FY26.
- · Disbursement per employee increased to ₹0.4 Cr (trailing 12 months) in Q1 FY27 from ₹0.3 Cr in Q1 FY26.
- · Wholesale Stage 2+3 assets remained below 0.2%.
- · Legacy business now represents only ~2% of total AUM.
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