Executive Summary
The September 19, 2026 filings present a mixed picture for Indian markets, with debt servicing and routine compliance dominating the volume.
Key themes include a notable uptick in credit rating upgrades (Motilal Oswal Home Finance, Indo Farm Equipment) and successful debt capital market activity (Canara Bank's AT1 bond issuance, Adani Airport Holdings' ₹1,000 Cr NCD plan), signaling robust access to capital for stronger entities. However, regulatory and operational risks are emerging, highlighted by a ₹1.09 Cr penal charge on Aavas Financiers from the NHB and a vessel off-hire at Seamec that has since been resolved. The period-over-period data from Indo Farm Equipment reveals a classic growth vs. profitability trade-off, with revenue up 14.39% YoY but EBITDA margins contracting 132 bps. Insider trading windows are closing for Eternal (Zomato) and Sunflag Iron ahead of Q2 results, while M&A activity continues with MPS Limited's amalgamation scheme progressing through NCLT. Overall, the digest points to a market where credit quality is diverging, regulatory scrutiny is intensifying, and capital is being deployed selectively for expansion and debt refinancing.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Debt securities · Insider trading · Corporate action · Corporate governance · M&A
Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from September 18, 2026.
Investment Signals (11)
- Indo Farm Equipment ↓ (BULLISH)▲
Credit rating upgraded to IVR A/Stable from IVR A-/Stable, reflecting sustained deleveraging and reduced subsidiary exposure, while tractor revenue surged 42.87% YoY to Rs 201.47 Cr
- Canara Bank ↓ (BULLISH)▲
Successfully raised Rs 2,042 Cr in perpetual AT1 bonds at 8.10% coupon, fully subscribed on opening day, strengthening its Tier 1 capital base
- Motilal Oswal Home Finance (BULLISH)▲
Credit rating upgraded to AA+/Stable from AA/Positive, triggering a 10 bps automatic coupon reduction on NCDs, lowering interest costs and improving NIMs
- Seamec Limited ↓ (BULLISH)▲
Vessel 'SEAMEC AGASTYA' returned to hire on Sep 19 after a brief 3-day off-hire, restoring revenue-generating capacity from a key asset
- Adani Airport Holdings (BULLISH)▲
Board approved ₹1,000 Cr NCD issuance for capex and debt repayment, signaling aggressive expansion plans in the airport infrastructure space
- MPS Limited ↓ (BULLISH)▲
NCLT approved the second motion petition for amalgamation of ADI BPO Services, a key step towards consolidation; next hearing Nov 4, 2026
- Aavas Financiers ↓ (BEARISH)▲
NHB imposed penal charges of ₹1.09 Cr and directed repayment of ₹12.24 Cr refinance facility, indicating potential compliance lapses in loan pool management
- Indo Farm Equipment ↓ (BEARISH)▲
EBITDA margin contracted 132 bps to 11.52% despite revenue growth, and PAT declined 3.27% YoY to Rs 21.87 Cr, highlighting margin pressure from rising costs
- HDFC Mutual Fund ETF Flows (MIXED)▲
Net redemptions in HDFC Nifty Metal ETF (10,000 units) and HDFC Silver ETF (62,10,000 units) vs inflows into HDFC Gold ETF (14,40,000 units), suggesting investor rotation from silver/metal to gold
- Sammaan Finserve (BULLISH)▲
Made early full redemption of ₹120,000 lacs NCD principal plus interest, demonstrating strong liquidity and proactive debt management
- InCred Financial Services (BULLISH)▲
Timely full redemption of ₹21,500 Lakh NCDs with accrued interest, reinforcing creditworthiness in the NBFC space
Risk Flags (8)
- Aavas Financiers/Regulatory Penalty↓ [HIGH RISK]▼
NHB imposed penal charges of ₹1.09 Cr and ordered repayment of ₹12.24 Cr refinance facility, signaling potential systemic issues in loan pool management under NHB refinance schemes
- Indo Farm Equipment/Margin Compression↓ [HIGH RISK]▼
EBITDA margin fell 132 bps to 11.52% despite 14.39% revenue growth, with PAT declining 3.27% YoY, indicating cost pressures are eroding profitability
- Indo Farm Equipment/Execution Risk↓ [MEDIUM RISK]▼
A ₹71.13 Cr crane capacity expansion project faces execution risk as it is expected to commence only in H2 FY2027, with no clarity on funding or timelines
- Tata Steel/Legal Dispute [MEDIUM RISK]▼
Calcutta High Court directed that ₹2,970 Cr deposited with JPC for SDF loans not be utilized until appeal is disposed, creating uncertainty around a significant cash outflow
- ▼
Trading window closed from Sep 19 until 48 hrs post Q2 FY27 results, with PAN freezing from Oct 1, indicating heightened compliance scrutiny ahead of earnings
- Keelz Facility Management/Cancelled Board Meeting [LOW RISK]▼
Board meeting scheduled for Sep 21 was cancelled due to director non-availability, raising governance concerns and potential delays in NCD security package modifications
- Credit Wise Capital/Revised Audited Results [MEDIUM RISK]▼
Company submitted revised audited financials for FY26 following a clarification from BSE, suggesting potential prior reporting errors or restatements
- Tejassvi Aaharam Limited/Strategic Shift↓ [MEDIUM RISK]▼
Board approved name change to 'WEAGRO LIMITED' and altered object clause to focus on agribusiness, signaling a complete strategic pivot that carries execution and identity risk
Opportunities (9)
- Indo Farm Equipment/Credit Upgrade & Deleveraging↓ (OPPORTUNITY)◆
Rating upgrade to IVR A/Stable reflects improved financial profile; corporate guarantee to subsidiary reduced from ₹125 Cr to ₹75 Cr, lowering contingent liability; tractor revenue growth of 42.87% YoY offers a pure-play on rural demand recovery
- Canara Bank/AT1 Bond Investment↓ (OPPORTUNITY)◆
Perpetual AT1 bonds at 8.10% coupon offer attractive yield for income-seeking investors, with full subscription indicating strong institutional demand and bank's robust capital position
- Adani Airport Holdings/Infrastructure Growth (OPPORTUNITY)◆
₹1,000 Cr NCD issuance for airport capex and sponsor debt repayment signals large-scale infrastructure play; investors can track future tranches for yield opportunities in airport-linked securities
- Seamec Limited/Vessel Back on Hire↓ (OPPORTUNITY)◆
'SEAMEC AGASTYA' resumed operations after brief off-hire; the stock may see a positive reaction as revenue stream is restored; monitor for any further technical issues
- MPS Limited/Merger Arbitrage↓ (OPPORTUNITY)◆
NCLT approval for ADI BPO Services amalgamation is progressing; next hearing Nov 4, 2026; successful completion could unlock synergies and improve operational efficiency
- Motilal Oswal Home Finance/Lower Funding Cost (OPPORTUNITY)◆
Rating upgrade to AA+/Stable triggered automatic 10 bps coupon reduction on NCDs, lowering interest expense and potentially boosting NIMs; improved credit profile may attract more institutional investors
- NTPC Green Energy/Renewable Capacity Addition↓ (OPPORTUNITY)◆
Commissioned 9.45 MW of Vanki Wind Project, increasing total capacity to 10,920.53 MW; part of a larger renewable push under NTPC's green energy arm, aligning with India's renewable energy targets
- JM Financial Home Loans/NCD Issuance (OPPORTUNITY)◆
Committee meeting scheduled Sep 23 to consider NCD issuance; investors can watch for coupon rates and terms to assess potential investment in secured debt instruments
- HDFC Gold ETF/Inflow Trend (OPPORTUNITY)◆
Net addition of 14,40,000 units vs redemptions in silver and metal ETFs suggests investor preference for gold as a safe haven; gold ETF investors may benefit from continued inflows and price appreciation
Sector Themes (6)
- NBFC Credit Quality Divergence◆
Multiple NBFCs (Motilal Oswal Home Finance, Indo Farm Equipment) saw credit rating upgrades, while Aavas Financiers faced regulatory penalty, indicating a widening gap between well-managed and compliance-lagging NBFCs
- Debt Capital Market Activity Surge◆
A flurry of debt issuances and redemptions (Canara Bank AT1 ₹2,042 Cr, Adani Airport ₹1,000 Cr NCD plan, Sammaan Finserve ₹120,000 lacs redemption) signals robust activity in the corporate bond market, with strong demand for high-quality paper
- Rural & Agri-Focused Growth◆
Indo Farm Equipment's 42.87% tractor revenue surge and Tejassvi Aaharam's pivot to agribusiness (name change to WEAGRO) highlight a thematic shift towards rural and agricultural sectors, likely driven by favorable monsoon and government policies
- Renewable Energy Capacity Expansion Continues◆
NTPC Green Energy's 9.45 MW wind capacity addition, though small, is part of a larger trend of renewable capacity commissioning by public sector entities, supporting India's 500 GW renewable target by 2030
- Gold Outshines Other Commodity ETFs◆
HDFC Gold ETF saw net inflows of 14,40,000 units while HDFC Silver ETF saw massive redemptions of 62,10,000 units, indicating a clear investor preference for gold over silver and other metals amid global economic uncertainty
- Insider Trading Compliance Tightens◆
Both Eternal (Zomato) and Sunflag Iron announced trading window closures ahead of Q2 results, with PAN freezing from Oct 1, reflecting SEBI's stricter enforcement of insider trading norms across listed companies
Watch List (8)
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Trading window closed from Sep 19; results expected post Sep 30; watch for revenue growth trends and profitability in the food delivery business [Date: Post Sep 30, 2026]
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Company stated it will take necessary actions on NHB's penal charges and repayment direction; monitor for further regulatory actions or disclosures on loan pool quality [Date: Ongoing]
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Next hearing scheduled for Nov 4, 2026 for the amalgamation scheme; any delays or objections could impact the timeline and synergy realization [Date: Nov 4, 2026]
- JM Financial Home Loans/NCD Issuance👁
Committee meeting on Sep 23 to decide on NCD terms; watch for coupon rates and issue size to gauge market appetite for NBFC debt [Date: Sep 23, 2026]
- Adani Airport Holdings/NCD Tranches👁
Board approved ₹1,000 Cr NCD issuance; monitor for specific tranche details, coupon rates, and use of proceeds for airport capex [Date: TBD]
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EGM scheduled for Oct 15, 2026 to approve name change to 'WEAGRO' and strategic pivot to agribusiness; watch for shareholder response and execution plan [Date: Oct 15, 2026]
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₹71.13 Cr capacity expansion expected in H2 FY2027; monitor for project commencement updates and funding arrangements [Date: H2 FY2027]
- Tata Steel/Calcutta HC Appeal👁
Appeal pending on SDF loan dispute; any court order on utilization of ₹2,970 Cr deposit could materially impact cash flows [Date: Ongoing]
Filing Analyses
(50)
18-09-2026
Motilal Oswal Home Finance Limited has revised the coupon rate on two series of listed Non-Convertible Debentures (ISINs INE658R07448 and INE658R07430) from 8.55% p.a. to 8.45% p.a., effective September 15, 2026. The 10 bps step-down was triggered by an upgrade in the NCD programme's credit rating by India Ratings and Research from AA/Positive to AA+/Stable. The revision reduces the company's interest cost on these debentures, reflecting improved creditworthiness.
- · The rating upgrade was from AA/Positive to AA+/Stable by India Ratings and Research, effective September 15, 2026.
- · The coupon revision applies automatically per the terms of the Key Information Documents/Term Sheets.
- · For ISIN INE658R07430, the blended coupon on January 7, 2027 is ₹8,518.77 per NCD (8.55% for Jan 7, 2026 to Sep 14, 2026 and 8.45% for Sep 15, 2026 to Jan 7, 2027).
- · For ISIN INE658R07448, the blended coupon on March 24, 2027 is ₹8,497.94 per NCD (8.55% for Mar 24, 2026 to Sep 14, 2026 and 8.45% for Sep 15, 2026 to Mar 24, 2027); the coupon on March 24, 2028 is ₹8,450 per NCD (full period at 8.45%).
- · The revised cash flows have been communicated to the Debenture Trustee.
18-09-2026
18-09-2026
CreditAccess Grameen Limited allotted 33,689 equity shares of ₹10 each to 18 employees under its Employees Stock Option Plan (ESOP) – 2011, following exercise of options. The shares rank pari-passu with existing equity shares. This is a routine ESOP allotment with no material financial impact.
18-09-2026
HDFC Mutual Fund filed an index update with BSE on September 18, 2026, detailing creation/redemption unit changes across its ETF schemes. HDFC Nifty Metal ETF saw a net redemption of 10,000 units, while other schemes like HDFC Gold ETF added 14,40,000 units and HDFC Silver ETF redeemed 62,10,000 units. The filing is a routine operational disclosure with no financial impact on the company's fundamentals.
- · HDFC Nifty Metal ETF (symbol 544842) had 0 units added and 10,000 units redeemed, indicating a net outflow.
- · HDFC SILVER ETF saw the largest redemption of 62,10,000 units, while HDFC Gold ETF saw the largest addition of 14,40,000 units.
- · HDFC NIFTY 50 ETF redeemed 8,00,000 units, and HDFC NIFTY SMALLCAP 250 ETF added 4,20,000 units.
- · HDFC NIFTY 1D RATE LIQUID ETF had both additions (6,591.00) and redemptions (7,286.00), resulting in a net redemption of 695 units.
- · Most other HDFC ETFs (e.g., BSE 500, NIFTY BANK, NIFTY IT) reported zero activity in this filing.
18-09-2026
HDFC Mutual Fund filed a daily NAV (Net Asset Value) statement with the Bombay Stock Exchange on September 18, 2026, covering 42 schemes including fixed maturity plans (FMPs), equity ETFs, gold and silver ETFs, and a charity fund. The filing is a routine regulatory disclosure of end-of-day NAVs and contains no material business or financial developments.
18-09-2026
NaBFID (National Bank for Financing Infrastructure and Development) has received credit ratings from CareEdge Global Ratings and Fitch Ratings for its US$ 4,000,000,000 Global Medium Term Note (GMTN) programme. CareEdge assigned a rating of BBB+ with a Stable outlook, while Fitch assigned a rating of BBB-.
- · The rating rationale was published on September 18, 2026, by both agencies on their respective websites.
- · The intimation is also hosted on NaBFID's website (https://nabfid.org/).
18-09-2026
NaBFID announced that CareEdge Global Ratings and Fitch Ratings assigned ratings to its US$ 4,000,000,000 Global Medium Term Note (GMTN) program, with CareEdge assigning BBB+ (Stable) and Fitch assigning BBB-. The ratings were published on September 18, 2026, and the intimation was made under Regulation 51 of the SEBI Listing Regulations.
- · CareEdge assigned a rating of BBB+ with a Stable outlook to the GMTN programme.
- · Fitch assigned a rating of BBB- to the GMTN programme.
- · The ratings were published on September 18, 2026, on the respective rating agencies' websites.
- · The intimation was made pursuant to Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
18-09-2026
The filing provides NAV data for three 360 ONE ETFs as of September 18, 2026: 360 ONE GOLD ETF (₹148.7036), 360 ONE SILVER ETF (₹231.0077), and 360 ONE MSCI India ETF (₹9.8605). No period-over-period comparisons are available, so performance trends cannot be assessed.
- · ISIN for 360 ONE GOLD ETF: INF579M01BB5, BSE Code: 544375
- · ISIN for 360 ONE SILVER ETF: INF579M01BC3, BSE Code: 544389
- · ISIN for 360 ONE MSCI India ETF: INF579M01BP5, BSE Code: 544766
18-09-2026
Choice Mutual Fund published the NAV for Choice Gold ETF as of September 18, 2026, reporting a net asset value of ₹151.2318 per unit. The filing is a routine daily NAV disclosure with no other financial or operational details.
- · ISIN for the scheme is INF2KCX01012
- · Scrip code is 544601
18-09-2026
Eternal Limited (formerly Zomato Limited) has announced a trading window closure from September 19, 2026, until 48 hours after the declaration of its unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026. The closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code of conduct. Designated Persons and their immediate relatives are prohibited from trading during this period, with PAN freezing effective from October 1, 2026.
- · Trading window closure starts September 19, 2026.
- · Closure ends 48 hours after declaration of Q2 and H1 FY27 results (quarter and half year ending September 30, 2026).
- · PAN freezing for Designated Persons and their Immediate Relatives will be effective from October 1, 2026, per SEBI circulars dated August 5, 2022, July 19, 2023, and April 21, 2025.
- · The date of the board meeting for approving the financial results will be intimated separately.
18-09-2026
ManipalCigna Health Insurance Company Limited held its 14th Annual General Meeting (AGM) on September 18, 2026, via video conference. All four ordinary resolutions—adoption of audited financial statements for FY ended March 31, 2026, re-appointment of Dr. Ranjan Pai as a Non-Executive Director, appointment of M/s Batliboi & Purohit as Joint Statutory Auditor, and appointment of Mr. Ambrish Sinha as a Non-Executive Director—were passed unanimously with 100% of votes cast in favor. The meeting was attended by 8 members (including 3 body corporate representatives) and concluded in 15 minutes.
- · The AGM was held via Video Conference (VC) / Other Audio-Visual Means (OAVM) due to MCA circulars.
- · No qualifications, observations, or remarks were made by the statutory auditors for FY 2025-26.
- · The meeting lasted from 5:00 PM to 5:15 PM IST (15 minutes).
- · All resolutions were passed as Ordinary Resolutions with 100% unanimous approval.
- · The Scrutinizer's report confirmed no invalid votes were cast.
18-09-2026
OXYZO Financial Services Limited has certified to BSE that it made timely payment of interest on its Non-Convertible Debentures (ISIN INE04VS07362) on the due date of September 18, 2026. The interest amount paid was ₹74,54,015.76 (net after TDS), with no delays or defaults reported.
- · The debentures have a monthly interest payment frequency.
- · The last interest payment prior to this was made on August 18, 2026.
- · The interest record date was September 3, 2026.
- · No change in payment frequency or any delay/default was reported.
18-09-2026
Aditya Birla Capital Limited allotted 60,827 equity shares (face value ₹10 each) on September 18, 2026, under its employee stock option schemes (ABCL Scheme 2017 and ABCL Scheme 2022). The allotment increases the paid-up equity share capital from ₹27,37,66,60,770 to ₹27,37,72,69,040. This is a routine employee stock option exercise with no financial performance data or material business impact.
- · Allotment approved by the Stakeholders Relationship Committee on September 18, 2026.
- · Allotted shares rank pari passu with existing equity shares.
- · The filing was also sent to Luxembourg Stock Exchange and Citi Bank for depositary receipt purposes.
18-09-2026
Choice Finserv Private Limited has made a timely interest payment of ₹69.31 Lakhs (inclusive of TDS) on its privately placed Secured, Rated, Listed, Fully Paid, Redeemable, Taxable Non-Convertible Debentures (ISIN INE04SE07160) on the due date of September 18, 2026. The payment was made quarterly, with no change in frequency, and the previous interest payment was made on June 16, 2026. This is a routine compliance disclosure under SEBI LODR Regulation 57(1) and does not indicate any financial distress or regulatory action.
- · ISIN: INE04SE07160
- · Issue size: ₹2,500 Lakhs
- · Interest payment frequency: Quarterly
- · Interest payment record date: 03-09-2026
- · Due date for interest payment: 18-09-2026
- · Actual date for interest payment: 18-09-2026
- · Date of last interest payment: 16-06-2026
- · No change in frequency of payment
- · Debenture Trustee: Axis Trustee Services Limited
18-09-2026
Tata Steel disclosed that the Calcutta High Court has directed that ₹2,970 crore deposited by the company with the Joint Plant Committee (JPC) toward Steel Development Fund (SDF) loans shall not be utilized or disbursed to third parties until the company's pending appeal is disposed of. The company had discharged this liability during FY2026 without prejudice to its rights, and the interim protection was sought to safeguard the deposited amount. The underlying dispute involves the company's challenge to the rejection of its request for loan waiver parity with SAIL.
- · The writ petition was originally filed on April 2, 2024, and dismissed by a Single Bench on May 24, 2024, with liberty to approach JPC.
- · The company filed an appeal against the Single Bench order, which is pending before the Division Bench of the Calcutta High Court.
- · The Ministry of Steel issued a demand for outstanding SDF loan balance on January 17, 2025.
- · The interim application (IA No. GA/2/2026) was heard on September 17, 2026, and the order was received by the company on September 18, 2026.
- · The court directed that the fund shall not be utilized or disbursed to third parties until the appeal is disposed of.
18-09-2026
Tejassvi Aaharam Limited's board approved the resignation of CS Abhishek Lohia (effective Sep 20, 2026) and the appointment of Adhitiyan Nagarajan as his replacement (effective Sep 21, 2026). The board also approved a name change to 'WEAGRO LIMITED', an alteration of the object clause to focus on agribusiness, and a change of registered office within Chennai. An EGM is scheduled for October 15, 2026 to seek shareholder approval for these proposals.
- · The board meeting commenced at 04:30 PM and concluded at 06:00 PM on September 18, 2026.
- · The registered office will change from 'No. 99/5, Sneha Sadan Flat, Nungambakkam High Road, Tirumurthy Nagar, Nungambakkam, Chennai — 600034' to 'No. 17/9, Crescent Avenue, Kesavaperumalpuram, R A Puram, Chennai — 600028' effective October 1, 2026.
- · The EGM will be held on Thursday, October 15, 2026 at 02:30 PM through video conference/other audio visual means.
18-09-2026
Tejassvi Aaharam Limited's board approved the resignation of Company Secretary Abhishek Lohia (effective 20 Sep 2026) and appointed Adhitiyan Nagarajan as his successor (effective 21 Sep 2026). The board also approved changing the company's name to 'WEAGRO LIMITED', altering the object clause to focus on agribusiness, and shifting the registered office within Chennai. An Extraordinary General Meeting is scheduled for 15 October 2026 to seek shareholder approval for these changes.
- · Board meeting commenced at 04:30 PM and concluded at 06:00 PM on 18 September 2026.
- · Registered office will move from No. 99/5, Sneha Sadan Flat, Nungambakkam High Road, Tirumurthy Nagar, Nungambakkam, Chennai – 600034 to No. 17/9, Crescent Avenue, Kesavaperumalpuram, R A Puram, Chennai – 600028 effective 1 October 2026.
- · EGM will be held on 15 October 2026 at 02:30 PM via video conference.
- · Adhitiyan Nagarajan holds ACS (ICSI), MBA in Finance, and PG Diploma in Banking & Finance from IIM Tiruchirappalli.
18-09-2026
Keelz Facility Management Services Private Limited's Board approved a proposal to modify the security package for its existing listed Non-Convertible Debentures (NCDs), subject to necessary approvals. The board meeting was held on September 18, 2026, from 6:00 PM to 7:15 PM. No financial figures or performance metrics were disclosed in this filing.
- · Board meeting commenced at 6:00 PM and concluded at 7:15 PM on September 18, 2026.
- · The modification is subject to obtaining necessary approvals, consents, and permissions.
- · Company CIN: U74999TN2019PTC132949; registered office at No 19, Singaram Street, T Nagar, Chennai, Tamil Nadu-600017.
18-09-2026
The Board of Directors of Keelz Facility Management Services Private Limited approved a proposal to modify the security package for its existing listed Non-Convertible Debentures (NCDs), subject to necessary approvals. No financial figures or performance metrics were disclosed in this filing.
- · Board meeting commenced at 6:00 PM and concluded at 7:15 PM on September 18, 2026.
- · The modification is subject to obtaining necessary approvals, consents, and permissions.
- · Company CIN: U74999TN2019PTC132949
18-09-2026
Aavas Financiers Limited received a communication from the National Housing Bank (NHB) on September 18, 2026, imposing penal charges of INR 1.09 Crore and directing the repayment of a refinance facility of approximately INR 12.24 Crore. The company has stated it will take necessary actions to comply with the directions.
- · The communication from NHB was received on September 18, 2026, and relates to certain loan pools availed under the refinance scheme.
- · The penal charges and repayment direction are in accordance with NHB Refinance Circulars.
- · The company will make the information available on its website at www.aavas.in.
18-09-2026
Keelz Facility Management Services Private Limited has cancelled its Board Meeting originally scheduled for September 21, 2026, due to the non-availability of a director. The company will inform the exchange of any rescheduled meeting in due course.
- · The prior intimation regarding the Board Meeting was dated September 17, 2026.
- · The company's CIN is U74999TN2019PTC132949.
- · The company is registered in Tamil Nadu, Chennai.
18-09-2026
Swelect Energy Systems Limited has informed exchanges about a special one-year window opened by SEBI (from 5 February 2026 to 4 February 2027) for transfer and dematerialisation of physical shares where the transfer deed was executed prior to 1 April 2019. The company published newspaper advertisements on 18 September 2026 in Financial Express (English) and Makkal Kural (Tamil) to publicise the window. This is a routine regulatory compliance disclosure with no financial impact on the company.
- · The special window is open from 5 February 2026 to 4 February 2027.
- · Eligible investors include those with transfer deeds executed prior to 1 April 2019, including fresh lodgements and previously rejected/returned requests.
- · Transferred securities will be credited only in dematerialised form and subject to a one-year lock-in from the date of transfer registration.
- · Newspaper advertisements were published on 18 September 2026 in Financial Express (English) and Makkal Kural (Tamil).
18-09-2026
HT Media Ltd has fulfilled its payment obligation for a Commercial Paper (ISIN INE501G14ET1) of Rs 50 Crore, which was repaid on the scheduled redemption date of September 18, 2026. The payment was made on a timely basis, indicating no default.
- · Issue date of the Commercial Paper: June 22, 2026
- · Record date: September 17, 2026
- · Redemption date: September 18, 2026
- · Scrip No: 731969
18-09-2026
GIC Housing Finance Ltd. has informed the exchange that a Commercial Paper (ISIN INE289B14KF0) matured on September 18, 2026, and the payment of ₹75 Crore was made to the CP holders on the same date. This is a routine debt servicing disclosure with no negative or flat performance indicators.
- · The CP maturity date and payment date are both September 18, 2026.
- · The payment was made to the concerned CP holders on the due date itself.
18-09-2026
Sikka Ports & Terminals Limited held an Extraordinary General Meeting on September 18, 2026, where shareholders unanimously approved two special resolutions relating to material related party transactions with related parties. The meeting was chaired by Shri Sanjeev Dandekar and the resolutions were passed on a show of hands. No financial figures or operational metrics were disclosed in the filing.
- · EGM held on September 18, 2026 at 4:00 p.m. (IST) in Mumbai
- · Two special resolutions on material related party transactions were approved unanimously
- · Voting was conducted by show of hands
- · Debentures listed on the Wholesale Debt Market Segment of BSE Limited
18-09-2026
Shri Gang Industries & Allied Products Limited has published newspaper notices in The Financial Express (English), Jansatta (Hindi), and Vijay Vishwavan (Kannada) on September 18, 2026, regarding the proposed transfer of shares under SEBI's Special Window framework. This is a procedural compliance disclosure with no financial figures or performance data.
- · Newspaper publications: The Financial Express (English), Jansatta (Hindi), Vijay Vishwavan (Kannada) — all dated September 18, 2026.
- · Compliance with SEBI Circulars: SEBI/HO/MIRSD/DOS3/CIR/P/2018/139/2018 dated Nov 06, 2018; SEBI/HO/MIRSD//PoD/P/CIR/2025/97 dated July 02, 2025; and SEBI circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.
18-09-2026
MAS Financial Services Limited has informed the stock exchange of record dates and interest/principal payment dates for 21 series of its listed Non-Convertible Debentures (NCDs) for the period ending December 31, 2026. The filing details scheduled interest payments and full or partial redemptions for multiple NCD tranches, with record dates ranging from September 28, 2026 to December 29, 2026. This is a routine operational disclosure regarding debt servicing obligations.
- · The filing covers 21 NCD series with ISINs ranging from INE348L08041 to INE348L07381.
- · Full redemptions are scheduled for NCDs with ISINs INE348L07308 (record date 01/11/2026, payment 16/11/2026), INE348L07241 (record date 08/12/2026, payment 23/12/2026), and INE348L07266 (record date 15/12/2026, payment 30/12/2026).
- · Partial redemptions are scheduled for ISIN INE348L07365 (record date 10/12/2026, payment 25/12/2026) and INE348L07399 (record date 16/12/2026, payment 31/12/2026).
- · For ISIN INE348L07365, the face value per NCD will be reduced from ₹83,333.33 to ₹75,000 (₹8,333.33 redeemed).
- · For ISIN INE348L07399, the face value per NCD will be reduced from ₹1,00,000 to ₹87,500 (₹12,500 redeemed).
- · Interest payment dates for some series fall on holidays (e.g., 20/10/2026 is a trading holiday, 20/12/2026 is Sunday, 25/10/2026 is Sunday, 27/12/2026 is Sunday, 13/12/2026 is Sunday).
- · The corporate action for partial redemption through reduction of face value for ISINs INE348L07183 and INE348L07365 was previously intimated on June 17, 2026.
18-09-2026
Aavas Financiers announced the appointment of Mr. Manu Yeshpal Singh as Managing Director (MD) and MD & CEO, effective September 19, 2026, for a five-year term, following RBI approval. The board also appointed Mr. Sanjeev Srinivasan as an Additional Non-Executive Nominee Director nominated by promoter Aquilo House Pte. Ltd., and accepted the resignation of Non-Executive Nominee Director Mr. Anant Jain due to personal reasons. These changes are subject to shareholder approval.
- · Mr. Manu Yeshpal Singh's appointment as MD is for five years from September 19, 2026 to September 18, 2031, subject to shareholder approval.
- · Mr. Sanjeev Srinivasan's appointment as Additional Non-Executive Nominee Director is also for five years from September 19, 2026 to September 18, 2031, liable to retire by rotation.
- · Mr. Anant Jain's resignation takes effect from the close of business hours on September 18, 2026.
- · The board meeting started at 05:21 PM IST and concluded at 06:13 PM IST on September 18, 2026.
18-09-2026
Si Creva Capital Services Private Limited has fixed record dates for interest payments and partial/full redemption of its Non-Convertible Debentures (ISIN INE996U07545) listed on BSE. The schedule covers eight monthly interest payments from October 2026 to May 2027, along with a series of partial redemptions reducing the face value from ₹66,666.68 to zero by May 2027. This is a routine debt servicing disclosure with no financial performance data.
- · Record dates for interest payments are set approximately 15 days before each due date.
- · Partial redemptions of ₹8,333.33 per NCD occur monthly from October 2026 to April 2027.
- · Full and final redemption of the remaining ₹8,333.37 per NCD is scheduled for May 10, 2027.
- · The NCDs were listed on BSE on September 16, 2026.
18-09-2026
Lippi Systems Ltd. has published a newspaper advertisement providing notice of its 33rd Annual General Meeting (AGM) to be held on September 30, 2026, through video conferencing. The notice also informs shareholders about the cut-off date for e-voting, book closure dates, and related e-voting information. This is a routine procedural filing with no financial metrics disclosed.
18-09-2026
Si Creva Capital Services Private Limited has informed BSE of record dates for interest and redemption payments on its Non-Convertible Debentures (ISIN INE996U07412). The company will pay interest on October 17, 2026 and November 17, 2026, with a partial redemption on October 17, 2026 and full final redemption on November 17, 2026. The record dates are set for October 2, 2026 and November 2, 2026 respectively.
- · The NCDs were listed on BSE on September 11, 2026.
- · Record date for interest and partial redemption due October 17, 2026 is October 2, 2026.
- · Record date for interest and full final redemption due November 17, 2026 is November 2, 2026.
- · If the due date falls on a Sunday or holiday, payment will follow the applicable day-count convention and SEBI Master Circular.
18-09-2026
Tapir Constructions Limited has submitted a disclosure to BSE under the SEBI Operational Circular for its Non-Convertible Debentures (NCDs), confirming no defaults or delays in servicing any debt securities. The company has listed three tranches of NCDs (ISIN INE00DJ07052) on BSE, with a total of 30,000 debentures listed as of September 17, 2026, and its credit rating of IVR A-/ (CE) with a Stable outlook has been reaffirmed by Infomerics Valuation and Rating Private Limited.
- · Credit rating: IVR A-/ (CE) with Stable outlook, reaffirmed on March 13, 2026 (converted from provisional to final).
- · No defaults or delays in servicing any debt securities.
- · Listing notification hyperlink provided for BSE final approval dated September 17, 2026.
18-09-2026
Sammaan Finserve Limited (formerly Indiabulls Commercial Credit Limited) has made timely payment of principal and interest on its Secured Redeemable Non-Convertible Debentures (ISIN INE244L07242). The company paid ₹10,800 lacs in interest on September 18, 2026, ahead of the due date of September 21, 2026, and redeemed the full principal amount of ₹120,000 lacs on the same date. No delays or defaults were reported.
- · Interest due date was September 4, 2026, but actual payment was made on September 18, 2026, which is before the maturity/redemption date of September 21, 2026.
- · The debentures were issued through private placement and listed on stock exchanges.
- · The company's registered office is in Dwarka, New Delhi, and corporate office is in Gurgaon, Haryana.
18-09-2026
InCred Financial Services Limited has made timely payment of principal (₹21,500 Lakh) and accrued interest (₹921.94 Lakh) on its rated, listed, senior, secured, redeemable, transferable, non-convertible debentures (ISIN INE321N07442) on the due date of September 18, 2026. The payment was made in full, with no outstanding amount remaining. This confirms the company's compliance with its debt obligations.
- · Issue size of the NCDs was ₹21,500 Lakh.
- · Interest payment frequency is half-yearly.
- · Last interest payment was made on March 20, 2026.
- · Redemption was a full redemption at maturity.
- · Outstanding amount after redemption is Nil.
18-09-2026
Credit Wise Capital Private Limited has submitted revised audited financial results (consolidated and standalone) for the quarter and year ended March 31, 2026, to BSE Limited. The submission follows a clarification letter dated September 7, 2026, and a subsequent email from the exchange on September 11, 2026. No specific financial figures or performance metrics are disclosed in this filing.
- · The revised audited financial results are for the quarter and year ended 31st March 2026.
- · This filing is a follow-up to a clarification letter dated 07 September 2026 (ref: DB/EEDB/ICBG07092026/619).
- · The company is submitting under Regulation 52 and other applicable provisions of SEBI Listing Regulations.
18-09-2026
Adani Airport Holdings Limited has changed its Registrar and Share Transfer Agent (RTA) from NSDL Database Management Limited (NDML) to MUFG Intime India Private Limited, effective September 18, 2026. The change applies to equity shares and future issuances of non-convertible debentures and commercial papers, as confirmed by letters from NSDL and CDSL.
- · The change is effective from September 18, 2026.
- · MUFG will act as RTA for equity shares and all future issuances of NCDs and CPs.
- · The tri-partite agreement with the previous RTA (NDML) stands cancelled.
- · The filing is made under Regulation 51(2) of SEBI Listing Regulations.
19-09-2026
Sammaan Capital Limited has filed a certificate under Regulation 57(1) of SEBI LODR confirming the payment of interest and/or principal on its Non-Convertible Debentures (NCDs). The filing is dated September 19, 2026, and was submitted to BSE. No specific financial details, such as the amount paid, the number of debentures, or the interest rate, are disclosed in the filing.
- · The filing is a compliance certificate under Regulation 57(1) of SEBI LODR, confirming payment of interest/principal on NCDs.
- · The filing date is September 19, 2026, and it was submitted to BSE.
- · No specific details about the NCD issue, such as ISIN, amount, or interest rate, are provided in the filing.
18-09-2026
Navi Finserv Limited has certified timely payment of interest on its Non-Convertible Debentures (ISIN INE342T07494) for the monthly interest due on September 18, 2026. The company paid ₹178.35 Lakh in interest on the due date, with no defaults or delays. This is a routine compliance filing under SEBI regulations.
- · Record date for interest payment was September 11, 2026.
- · Last interest payment was made on August 18, 2026.
- · Interest frequency is monthly with no change in frequency.
- · No redemption details were provided (NA).
18-09-2026
JM Financial Home Loans Limited has informed BSE that its Issuance, Allotment and Borrowing Committee will meet on September 23, 2026, to consider issuing Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) via private placement in one or more tranches. The filing is a routine regulatory intimation under SEBI Listing Regulations and contains no financial figures or performance data.
- · Meeting scheduled for September 23, 2026
- · Debentures to be issued on private placement basis in one or more tranches
- · Committee involved: Issuance, Allotment and Borrowing Committee of the Board
18-09-2026
ICICI Bank filed its Annual Securities Report (ASR) with the Director of Kanto Regional Finance Bureau in Japan for the fiscal year April 1, 2025 to March 31, 2026, as required under Japan's Financial Instruments and Exchange Law. The filing, made on September 18, 2026, includes consolidated financial statements under Indian GAAP and is available on Japan's EDINET system. The report also contains extensive forward-looking statements and risk factors, including risks related to India's economic conditions, interest rates, regulatory changes, and potential M&A activities.
- · The ASR was filed under Article 24, Paragraph 1 of the Financial Instruments and Exchange Law of Japan.
- · The filing is available at https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YZTT.
- · Exchange rates used: US$1 = ¥159.13 and Rs. 1 = ¥1.83, as quoted by MUFG Bank, Ltd. on August 26, 2026.
- · The report includes consolidated financial statements under Indian GAAP and describes significant differences between Indian GAAP and U.S. GAAP.
- · The Bank also files annual reports on Form 20-F with the U.S. SEC.
- · The report covers the fiscal year from April 1, 2025 to March 31, 2026.
- · The Bank's registered office is at ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, Gujarat, India.
18-09-2026
The Board of Directors of Adani Airport Holdings Limited approved the issuance of secured, rated, listed, redeemable Non-Convertible Debentures (NCDs) on a private placement basis for an aggregate amount up to ₹1,000 Crore. The proceeds will be used for capital expenditure of airport entities, repayment of Sponsor Debt, and general corporate purposes, subject to regulatory approvals. The meeting was held on September 18, 2026, from 5:30 PM to 6:25 PM.
- · The NCDs will be issued in one or more tranches on a private placement basis.
- · The specific coupon, tenure, charge/security, and other terms are to be determined at the time of each issue.
- · No delay or default in payment of interest/principal is reported (Not Applicable).
- · No letters or comments regarding payment/non‑payment of interest/principal have been received (Not Applicable).
- · The company has 5 scrip codes listed: 975501, 975502, 975733, 976065, and 977544.
18-09-2026
Niwas Housing Finance Limited has certified the timely payment of interest and full redemption of its Secured, Rated, Listed NCDs (ISIN INE01AI07025). Interest of ₹23.69 Lakh was paid on September 18, 2026 (one day early due to a non-working day), and the full redemption amount of ₹1,000 Lakh was also paid on the same date, leaving nil outstanding. The filing confirms compliance with SEBI LODR regulations and reflects a routine debt servicing event with no negative indicators.
- · The original due date for both interest and redemption was September 19, 2026, a non-working day, so payment was made one day prior on September 18, 2026.
- · Issue size of the NCDs was ₹2,500 Lakh.
- · Interest frequency is quarterly; last interest payment was made on June 19, 2026.
- · Outstanding amount after redemption is nil.
18-09-2026
Sunflag Iron and Steel Company Limited has announced the closure of its trading window for the second quarter (Q-2) ending 30th September 2026, effective from 1st October 2026 until the second calendar day (48 hours) after the public announcement of its financial results. The intimation was made to BSE and NSE under SEBI (Prohibition of Insider Trading) Regulations, 2015. This is a routine regulatory disclosure with no financial impact.
- · Trading window closure period: 1st October 2026 to second calendar day (48 hours) after Q-2 FY27 financial results announcement
- · Relevant scrip codes: BSE - 500404, NSE - SUNFLAG
- · Disclosure made under SEBI (Prohibition of Insider Trading) Regulations, 2015
18-09-2026
Arka Fincap Limited submitted its ALM (Asset Liability Management) statements for the period ended August 31, 2026, to BSE Limited, as required under SEBI regulations. The filing includes the Statement of Structural Liquidity and the Statement of Interest Rate Sensitivity, which are routine regulatory disclosures. The data shows the company's total borrowings of ₹5,14,588.55 Lakhs, with significant outflows concentrated in the 'Over 1 year and upto 3 years' bucket (₹2,15,563.01 Lakhs) and 'Over 3 years and upto 5 years' bucket (₹40,783.48 Lakhs), indicating a reliance on longer-term debt.
- · The filing is a routine submission of ALM statements as per SEBI Master Circular dated October 15, 2025.
- · The company's total equity capital is ₹92,872.81 Lakhs and total reserves & surplus is ₹44,037.87 Lakhs.
- · Bank borrowings constitute the largest portion of total borrowings at ₹3,47,092.30 Lakhs.
- · The company has ₹81,098.73 Lakhs in Non-Convertible Debentures (NCDs), of which ₹39,686.83 Lakhs have a residual maturity of over 5 years.
- · Outflows on account of off-balance sheet exposure (loan commitments pending disbursal) total ₹12,555.19 Lakhs.
19-09-2026
MPS Limited has received an order from the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, dated September 16, 2026, in connection with the second motion petition for the Scheme of Amalgamation between ADI BPO Services Limited (Transferor Company) and MPS Limited (Transferee Company). The NCLT has taken on record the reports of the Chairman evidencing approval of the Scheme by the Equity Shareholders and Unsecured Creditors of the Transferee Company at meetings held on August 22, 2026. The Tribunal has directed service of notices upon statutory and regulatory authorities for their representations, with the next hearing scheduled for November 4, 2026.
- · The First Motion Application order was passed on July 2, 2026.
- · The meeting of Secured Creditor of the Transferee Company was dispensed with.
- · Meetings of Equity Shareholders and Unsecured Creditors were held on August 22, 2026, and both approved the scheme.
- · Notices must be served to authorities including the Regional Director ([email protected]), ROC Chennai ([email protected]), Income Tax Authorities ([email protected]), and Official Liquidator ([email protected]).
- · Notice is to be published in Dina Malar (Tamil) and Business Standard (English).
- · Authorities have 30 days from receipt of notice to file representations.
- · Next hearing is listed for November 4, 2026.
19-09-2026
India Infrastructure Finance Company Limited (IIFCL) has informed stock exchanges that a Board of Directors meeting is scheduled for September 24, 2026. The intimation is made under Regulation 50(1) read with Regulation 51(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2021. No financial results or specific agenda items have been disclosed in this prior intimation.
- · Board meeting scheduled for Thursday, 24th September 2026.
- · Intimation made under Regulation 50(1) read with Regulation 51(2) of SEBI LODR Regulations, 2021.
- · No specific agenda items or financial results mentioned in the filing.
19-09-2026
Canara Bank has raised Rs.2,042 crore through the issuance of Basel III Compliant Additional Tier I Bonds, with a base issue size of Rs.2,000 crore and a green shoe option of Rs.2,500 crore, though only Rs.42 crore of the green shoe was exercised. The bonds carry a coupon rate of 8.10% and are perpetual, unsecured, and proposed to be listed on the NSE. The issue was fully subscribed on the opening day (16.09.2026) and allotted to 29 allottees.
- · ISIN: INE476A08282
- · Issue opened and closed on the same day: 16.09.2026
- · Date of allotment: 18.09.2026
- · Bonds are perpetual with no redemption date
- · Interest payment: annually on 18th September
- · Bonds are unsecured
- · Proposed listing on NSE
19-09-2026
Seamec Limited announced that its vessel 'SEAMEC AGASTYA' has returned to field and been on hire effective September 19, 2026 at 01:30 hrs, following technical redressal. This update follows a prior off-hire disclosure dated September 16, 2026, indicating the vessel was previously out of service.
- · Vessel 'SEAMEC AGASTYA' was off-hire as of September 16, 2026, and has now resumed operations.
- · The vessel returned to field and was on hire from September 19, 2026 at 01:30 hrs.
- · The information was received by the company on September 19, 2026 at 09:34 hours.
19-09-2026
NTPC Green Energy Limited announced commercial operation of the third part capacity (9.45 MW) of its Vanki Wind Energy Project in Kutch, Gujarat, effective September 19, 2026. This addition increases the group's total installed capacity from 10,911.08 MW to 10,920.53 MW, representing a modest 0.09% increase.
- · The project is located in Nakhatrana, Kutch, Gujarat.
- · The subsidiary involved is NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited.
- · Commercial operation declared effective 00:00 hrs of 19.09.2026.
19-09-2026
Infomerics Valuation and Rating upgraded Indo Farm Equipment Limited's long-term rating to IVR A/Stable from IVR A-/Stable and short-term rating to IVR A1 from IVR A2+, reflecting sustained improvement in financial risk profile, deleveraging, and reduced exposure to its subsidiary Barota Finance Limited. Total operating income grew 14.39% to Rs 419.54 crore in FY2026, driven by a 42.87% surge in tractor revenue to Rs 201.47 crore, while crane revenue was broadly flat at Rs 218.09 crore. However, profitability margins declined, with EBITDA margin contracting 132 bps to 11.52% and PAT falling 3.27% to Rs 21.87 crore, and the company faces project execution risk from a Rs 71.13 crore crane capacity expansion expected to commence in H2 FY2027.
- · Total bank loan facilities rated reduced to Rs 103.70 Crore from Rs 104.34 Crore.
- · Corporate guarantee exposure to BFL reduced to Rs 75 crore in FY2027 from Rs 125 crore as on March 31, 2026.
- · BFL's loan portfolio stood at Rs 136.93 crore.
- · The company's operating cycle improved to 240 days in FY2026 from 260 days in FY2025, but inventory holding period remains high at 173 days.
- · Current ratio stood at 3.07x in FY2026.
- · Free cash and bank balances were approximately Rs 8 crore as on March 31, 2026.
- · The crane capacity expansion project cost is Rs 71.13 crore, funded substantially through IPO proceeds.
- · The company has an annual installed capacity of 12,000 tractors and 1,280 cranes at its existing plant.
- · The rating was withdrawn for a term loan from Federal Bank based on a No Due Certificate.
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