Executive Summary
Today's digest covering 50 filings reveals a market dominated by routine corporate actions, with key themes around capital raising, governance changes, and credit quality signals.
The most significant development is the CRISIL downgrade of Jai Balaji Industries due to a sharp 764 bps margin compression and 8% revenue decline, contrasting with positive execution news from Orient Green Power's solar plant commissioning and Accord Transformer's order wins. On the corporate restructuring front, UGRO Capital's amalgamation scheme received overwhelming approval (99.998% in favor), while several firms including Healthy Life Agritec, Tega Industries, and Kross are advancing preferential issuances. Insider activity was limited, with T T Brands marginally increasing its stake in T T Limited, while Veefin Solutions saw promoters pledge 95% of their holdings. A notable trend is the wave of trading window closures ahead of Q2 FY27 results season starting October 1, affecting at least 10 companies. Capital allocation activity was muted, with only Northern Spirits declaring a modest final dividend, and no major buybacks or M&A deals. Overall, the digest points to cautious preparation for earnings season, with select operational outperformance in solar/renewables and corporate restructuring creating potential catalysts.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Insider trading · Corporate governance · Corporate action · Debt securities
Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from September 22, 2026.
Investment Signals (10)
- UGRO Capital (BULLISH)▲
Scheme of amalgamation with Profectus Capital passed with 99.998% shareholder approval, and 100% promoter group vote in favor. Public institutions also voted unanimously (100% in favor). High approval despite 39.5% total voter turnout suggests strong management conviction and strategic value creation.
-
CRISIL downgraded its long-term rating to 'BBB/Stable' due to 8% YoY revenue decline (Rs 5,786 crore) and EBITDA margin collapse from 14% to 6% (764 bps compression). DI pipe capacity utilization collapsed to ~30% from 80%. However, EBITDA margin improved to 9% in Q1 FY27 and gearing is low at 0.2x. [BEARISH near-term, potential turnaround play]
- Accord Transformer & Switchgear ↓ (BULLISH)▲
Secured material purchase orders aggregating Rs 5.28 crore, with the largest (Rs 4.48 crore) from Good Earth Renewable Services for inverter duty transformers. Execution timeline is short (2-3 months), suggesting near-term revenue visibility and strong renewable sector tailwind.
- Orient Green Power ↓ (BULLISH)▲
Subsidiary commissioned 17.6 MW AC solar plant in Tamil Nadu, completing the solar expansion objective from the 2024 Rights Issue. Aggregate solar capacity now 24.6 MW AC. This demonstrates successful deployment of raised capital and execution capability.
- Tega Industries ↓ (BULLISH)▲
Canadian International Trade Tribunal ruled in favor of Moly-Cop Canada (step-down sub) on anti-dumping duties for forged grinding media from China. This could positively impact Tega's business by leveling the competitive field and improving pricing power in the North American market.
-
Completed Rs 2,000 crore QIP at Rs 1,890 per share (2.96% discount to floor price), allotting 1.06 crore shares. The capital raise positions the company for strategic growth initiatives. However, dilutive impact of 2.21% on share capital and neutral sentiment warrant watch. [NEUTRAL with growth option value]
- Veefin Solutions ↓ (BEARISH)▲
Promoters pledged 95.26% of their total shareholding (25.69 lakh shares) to Axis Trustee Services to back NCDs of step-down subsidiary. This extreme pledge level (80.14% for Raja Debnath, 15.12% for Gautam Udani) signals high personal leverage and potential risk to promoter stability.
-
Major board reshuffle with new Managing Director (R.S. Subramanian), new Non-Executive Chairman (Sebastian Paeßens), and two new Independent Directors. This signals a strategic governance refresh that could drive operational improvements, but execution risk remains. [NEUTRAL with governance improvement signal]
- T T Limited ↓ (BULLISH)▲
Promoter group entity T T Brands purchased 403,247 shares in open market, increasing stake from 35.16% to 35.31%. This modest insider buying indicates management's confidence in the company's intrinsic value at current market prices.
- Jammu & Kashmir Bank (BULLISH)▲
Revised Integrated Annual Report for FY25-26 shows Gross NPA reduction to 2.50% and Capital Adequacy Ratio of 16.55%, both healthy metrics. Government patronage as exclusive banking partner for J&K and Ladakh provides stable deposit base and business pipeline.
Risk Flags (10)
- Jai Balaji Industries / Credit Downgrade↓ [HIGH RISK]▼
CRISIL downgraded both long-term (BBB+ to BBB) and short-term (A2 to A3+) ratings. EBITDA margin collapsed 764 bps to 6%, DI pipe capacity utilization fell to 30% from 80% in FY26. Though Q1 FY27 showed recovery to 9% EBITDA margin, the fundamental earnings power is impaired.
- Veefin Solutions / Promoter Pledge Risk↓ [HIGH RISK]▼
Promoters pledged 95.26% of their holdings for subsidiary debt. Such an extreme pledge level (95%) creates significant downside risk if the stock price declines, potentially triggering margin calls and forced selling, which could further pressure the stock.
- AVT Natural Products / Unexplained Volume Surge↓ [MODERATE RISK]▼
BSE flagged a significant increase in trading volume, and the company attributed it to 'market-driven factors' with no undisclosed price-sensitive information. Such unexplained volume spikes often precede volatility and can indicate potential price manipulation or insider activity.
- Healthy Life Agritec / Dilution Overhang↓ [MODERATE RISK]▼
Company announced a Rs 5,000 Lakh rights issue without disclosing issue price, entitlement ratio, or record date. The lack of detail creates uncertainty for existing shareholders about potential dilution and pricing discount, especially for a smaller-cap agri company.
- Apollo Micro Systems / Preferential Issue Complexity↓ [MODERATE RISK]▼
Proposed preferential issue of 2.28 crore shares and 5.69 crore warrants involves 112 non-promoter entities. The NSE raised observations requiring clarifications, indicating complexity. The two promoter group allottees (Chanakya and Kanishka Reddy) would nearly double their holdings, potentially entrenching control.
- ▼
Multiple top-level changes (CFO exit, new MD, new Chairman, new Independent Directors) in a single board meeting. While governance improvement is positive, simultaneous transitions can create short-term strategic uncertainty and execution disruption.
- Navoday Enterprises / Auditor Change↓ [LOW RISK]▼
Resignation of Choudhary Choudhary & Co. and appointment of APS & Associates as statutory auditor for 5 years. Auditor changes, especially mid-term, can sometimes signal accounting concerns or disagreements, though no such issues were disclosed in this filing.
- Janus Corporation / Auditor Change↓ [LOW RISK]▼
Same pattern as Navoday Enterprises - Choudhary Choudhary & Co. resigned and APS & Associates appointed. Two concurrent auditor resignations from the same prior auditor across different companies warrants attention for any pattern or systemic issues.
- Jai Balaji Industries / Sector Headwinds↓ [MODERATE RISK]▼
The sharp drop in DI pipe capacity utilization (from 80% to 30%) suggests structural demand weakness or competitive pressures in the ductile iron pipe industry. Investors should monitor water infrastructure spending and export dynamics for sector recovery.
- Pavna Industries / Low Shareholder Turnout↓ [MODERATE RISK]▼
Approval for disinvestment of 100% stakes in subsidiaries was passed, but only 9.44% of total shares voted (promoter group abstained). Such low non-promoter participation on a material transaction raises questions about minority shareholder engagement and potential value leakage.
Opportunities (10)
- Accord Transformer & Switchgear / Order Book Momentum↓ (OPPORTUNITY)◆
Secured Rs 5.28 crore orders from three domestic entities, including Rs 4.48 crore from Good Earth Renewable Services for inverter duty transformers. The 2-3 month execution timeline suggests strong near-term revenue conversion. This could be a recurring revenue stream given the renewable energy infrastructure build-out.
- Orient Green Power / Solar Expansion Completes↓ (OPPORTUNITY)◆
Subsidiary commissioned 17.6 MW AC solar plant in Tamil Nadu, achieving the objective set under the 2024 Rights Issue. With 24.6 MW AC total solar capacity now operational, the company is well-positioned to benefit from India's solar push and Tamil Nadu's high solar irradiation.
- Tega Industries / Anti-Dumping Benefits↓ (OPPORTUNITY)◆
CITT ruling in favor of Moly-Cop Canada on forged grinding media from China imposes anti-dumping duties. This could provide a significant competitive advantage and market share opportunity for Tega's step-down subsidiary in the Canadian and North American markets, potentially improving pricing and margins.
- UGRO Capital / Amalgamation Synergies (OPPORTUNITY)◆
The overwhelming approval of the scheme with Profectus Capital, combined with 100% promoter and institutional support, suggests strong strategic rationale. The merger could unlock cost synergies, expand lending capacity, and enhance the combined entity's market position in MSME lending.
- Bharat Forge / Growth Capital Deployed↓ (OPPORTUNITY)◆
The successful Rs 2,000 crore QIP at a modest 2.96% discount to floor price indicates strong institutional demand. The capital can be deployed for strategic growth initiatives, possibly in defense, electric vehicles, or export-oriented manufacturing, aligning with government 'Make in India' thrust.
- Jammu & Kashmir Bank / Undervalued Franchise (OPPORTUNITY)◆
With Gross NPA at 2.50%, CAR at 16.55%, and exclusive government banking partnership for J&K and Ladakh, the bank appears conservatively managed with stable business franchise. The Integrated Annual Report with BRSR disclosures suggests progressive governance. Underperforming peers could present a value opportunity.
- Netweb Technologies / ESG Rating Improvement↓ (OPPORTUNITY)◆
Sustainalytics assigned a 'Medium Risk' ESG rating of 21.4, which provides a baseline for future improvement. As ESG investing gains traction in India, companies with improving ESG scores often attract new institutional investor flows. The proactive disclosure is positive.
- Kross Limited / Preferential Issue Discount↓ (OPPORTUNITY)◆
The corrigendum for preferential issue of 15 lakh shares and 15 lakh convertible warrants suggests the company is raising growth capital. The opportunity lies in potential discounted pricing for participants and the warrant structure (if exercised) allowing future value creation.
- Tega Industries / Preferential Issue Approval↓ (OPPORTUNITY)◆
Shareholders passed the special resolution for preferential issue, indicating management's confidence in growth capital requirements. The timing of the anti-dumping positive ruling and the preferential issue could be strategically aligned for expansion.
- Pavna Industries / Disinvestment Catalyst↓ (OPPORTUNITY)◆
Approval for disinvestment of 100% stakes in Swapnil Switches and Pavna Auto Engineering subsidiaries. If proceeds are deployed efficiently, this could unlock value, reduce complexity, and improve return ratios. The 99.9% favorable vote among voters indicates strong minority confidence.
Sector Themes (6)
- Renewable Energy Execution (POSITIVE SENTIMENT)◆
Two filings (Orient Green Power, Accord Transformer) demonstrate strong execution in the solar/renewable energy value chain. Orient Green Power completed its Rights Issue objective of solar expansion, while Accord Transformer secured inverter duty transformer orders. This theme is supported by India's ambitious renewable energy targets.
- Corporate Restructuring and Capital Raising (MIXED)◆
A wave of corporate actions involving amalgamations (UGRO Capital-Profectus), preferential issues (Tega Industries, Kross, Apollo Micro Systems), rights issues (Healthy Life Agritec), and QIPs (Bharat Forge) indicates active balance sheet optimization and growth capital mobilization across sectors.
- Insider Activity (Low) But Pledge Risk High (CAUTION)◆
Insider trading disclosures were limited to a minor promoter stake increase in T T Limited and significant promoter pledge in Veefin Solutions (95.26% of promoter holdings). The lack of broad insider buying while promoters are heavily pledging shares is a cautionary signal for small/mid-cap investors.
- Earnings Season Preparation (Trading Window Closures) (NEUTRAL)◆
A dominant theme with 10+ filings (Indus Towers, Prakash Woollen, PMC Fincorp, K.M.Sugar Mills, Consolidated Construction, Panama Petrochem, Vistar Amar, Josts Engineering, Baba Arts) announcing trading window closures from October 1 ahead of Q2 FY27 results. This signals the start of silent period and expectations for Q2 performance.
- Governance and Auditor Changes (WATCH)◆
Three filings (Navoday Enterprises, Janus Corporation, Blue Dart Express) involve auditor changes or significant board reshuffles. The pattern of Choudhary Choudhary & Co. resigning from multiple companies (Navoday and Janus) is notable and could indicate industry-wide audit policy tightening or client-related issues.
- Credit Quality Divergence (MIXED)◆
Contrasting credit profiles exist: Jai Balaji Industries faced a credit downgrade due to weak operating performance, while Jammu & Kashmir Bank reported improving asset quality (Gross NPA 2.50%) and strong capital adequacy. This divergence highlights the importance of fundamental credit analysis.
Watch List (8)
- Indus Towers: Q2 FY27 Results & Trading Window👁
Trading window closes September 26 ahead of Q2 FY27 results. With the telecom sector undergoing tariff hikes and 5G capex, watch for revenue growth and ARPU trends. Results expected late October. [Date: Sep 26 window close]
- Jai Balaji Industries: Q2 FY27 Recovery👁
With CRISIL downgrade highlighting 9% EBITDA margin in Q1 FY27 vs 6% in FY26, Q2 results will be critical to confirm if the turnaround is sustainable. Also watch DI pipe capacity utilization and government infrastructure spending. [Date: Q2 results ~Oct]
- Tega Industries: Anti-Dumping Duty Implementation👁
The CITT ruling in favor of Moly-Cop Canada is positive, but actual impact depends on duty implementation and market conditions. Watch for updates on Canadian Border Services Agency enforcement and any market share gains in North America. [Ongoing]
- UGRO Capital: NCLT Hearing for Amalgamation👁
With overwhelming shareholder/creditor approval, the next step is NCLT sanction. Watch for court hearing dates and timeline for scheme effective date. This could unlock the merger synergies. [Date: NCLT hearings TBD]
- Veefin Solutions: Promoter Pledge & Stock Price👁
With 95.26% of promoter holdings pledged, any significant stock price decline could trigger margin calls. Monitor the stock's trading volume and price action around the NCD repayment schedule (backed by the pledge). [Ongoing immediate risk]
- Bharat Forge: QIP Proceeds Utilization👁
The company raised Rs 2,000 crore via QIP. Watch for disclosures on utilization of funds, particularly in defense, EV components, or overseas expansions. This will be a key catalyst for future earnings growth. [Date: Utilization updates on quarterly basis]
- Blue Dart Express: New Management Performance👁
With a completely refreshed leadership team, Q2 FY27 results (first under new MD) will be the first major indicator of strategic direction. Watch for commentary on cost reduction, network expansion, and market share gains. [Date: Q2 results ~Oct]
- K.M. Sugar Mills: Q2 FY27 Results👁
Trading window closes October 1. The sugar sector faces regulatory headwinds (ethanol diversion, export policies) but a favorable monsoon could boost cane yields. Watch for production cost trends and margin performance. [Date: Q2 results ~Oct]
Filing Analyses
(50)
22-09-2026
Bharat Forge Limited completed a Qualified Institutions Placement (QIP), allotting 1,05,82,010 equity shares of face value ₹2 each at an issue price of ₹1,890.00 per share, raising ₹20,000 million. The issue opened September 17, 2026 and closed September 22, 2026, with the allotment approved by the Investment Committee on the closing date. The company's paid-up equity capital increased from ₹956,177,264 (478,088,632 shares) to ₹977,341,284 (488,670,642 shares), reflecting a 2.21% increase in share capital.
- · The QIP issue opened on September 17, 2026 and closed on September 22, 2026.
- · The Investment Committee meeting commenced at 11:30 p.m. and concluded at 11:50 p.m. on September 22, 2026.
- · The issue price of ₹1,890.00 per share includes a discount of ₹57.70 per share, which is 2.96% of the floor price.
- · The allotment included 1,05,82,010 equity shares to eligible Qualified Institutional Buyers (QIBs).
- · The company's paid-up equity share capital increased from ₹956,177,264 to ₹977,341,284, representing a 2.21% increase.
- · The shareholding pattern before and after the issue will be submitted with the Listing Application under Regulation 31 of the Listing Regulations.
- · The list of allottees who were allotted more than 5% of the equity shares offered is provided in Annexure A.
- · The company's CIN is L25209PN1961PLC012046.
- · The company is headquartered in Mundhwa, Pune, Maharashtra, India.
22-09-2026
Andhra Pradesh State Beverages Corporation Limited (APSBCL) filed a market update with BSE under Regulation 57(4) of SEBI LODR, detailing interest and principal payment obligations for its listed and unlisted non-convertible bonds for Q3 FY 2026-27 (Oct-Dec 2026). The filing lists 13 listed ISINs and 1 unlisted ISIN, with all Series I and Series II bonds carrying a 9.62% coupon and interest due on 30-11-2026; one Series II bond (INE0M2307149) also has full redemption due on the same date. No financial amounts or performance metrics were disclosed, and the filing is a routine regulatory disclosure with no material financial impact.
- · Filing date: 22 September 2026
- · Quarter covered: 1st October 2026 to 31st December 2026 (Q3 FY 2026-27)
- · All Series I and II bonds have interest due on 30-11-2026
- · Series II bond ISIN INE0M2307149 has full redemption and interest due on 30-11-2026
- · Unlisted Series III bond (8.50% coupon) has interest due on 30-11-2026
- · If payment date falls on a holiday, payment will be made on the next working day per SEBI guidelines
22-09-2026
HDFC Mutual Fund filed an index update with the Bombay Stock Exchange on September 22, 2026, reporting creation and redemption activity across its ETF schemes. The HDFC Nifty Metal ETF (symbol 544842) showed no change, with zero units added or reduced during the period.
- · HDFC NIFTY 1D RATE LIQUID ETF added 23,939 units and reduced 2,462 units.
- · HDFC BSE 500 ETF added 12,45,000 units with no reductions.
- · HDFC NIFTY IT ETF added 2,00,000 units and reduced 6,00,000 units.
- · HDFC NIFTY Private Bank ETF reduced 25,000 units with no additions.
- · HDFC NIFTY200 MOMENTUM 30 ETF reduced 1,00,000 units with no additions.
- · HDFC NIFTY SMALLCAP 250 ETF reduced 1,75,000 units with no additions.
- · HDFC Nifty50 Value 20 ETF added 7,500 units with no reductions.
- · HDFC Gold ETF added 12,00,000 units and reduced 1,20,000 units.
- · HDFC SILVER ETF added 101,10,000 units with no reductions.
22-09-2026
22-09-2026
360 ONE MSCI India ETF reported a NAV of ₹9.8441 as of September 22, 2026. The filing also disclosed NAVs for 360 ONE GOLD ETF (₹147.4668) and 360 ONE SILVER ETF (₹227.3502). No period-over-period comparisons are available, so performance trends cannot be assessed.
- · ISIN for 360 ONE MSCI India ETF: INF579M01BP5
- · BSE Code for 360 ONE MSCI India ETF: 544766
- · NAV of 360 ONE GOLD ETF: ₹147.4668
- · NAV of 360 ONE SILVER ETF: ₹227.3502
22-09-2026
Axis Bank Limited allotted 79,227 equity shares of Rs. 2 each on September 22, 2026, pursuant to exercise of stock options/units under its ESOP/RSU Scheme. The paid-up share capital increased from Rs. 6,226,988,854 to Rs. 6,227,147,308, representing a negligible increase of 0.002%.
22-09-2026
Choice Mutual Fund published the NAV for Choice Gold ETF as of September 22, 2026, at ₹149.969 per unit. This is a routine daily disclosure of the fund's net asset value.
22-09-2026
UGRO Capital Limited held separate NCLT-convened meetings of equity shareholders, secured creditors, and unsecured creditors on September 22, 2026, to approve the scheme of amalgamation with Profectus Capital Private Limited. The resolution was passed with overwhelming support — 99.998% of votes cast by equity shareholders were in favor, and only 0.002% (₹10,710) were against. However, despite the high approval rate among voting shareholders, only 39.5% of total outstanding equity shares were voted, indicating relatively low participation from the broader shareholder base.
- · All three categories (equity shareholders, secured creditors, unsecured creditors) approved the scheme with no invalid votes.
- · Promoter and promoter group voted 100% in favor with 4,477,061 shares polled, representing 26.68% of their total shareholding.
- · Public institutions voted 100% in favor with 3,151,090 shares polled.
- · Public non-institutions voted 99.998% in favor (53,782,260 shares). Only 1,071 shares were cast against the scheme by 9 shareholders.
- · No shareholders registered as speakers or raised queries during the meeting.
- · The scheme is under Sections 230 to 232 read with Section 52 of the Companies Act, 2013, and relates to amalgamation of PCPL into UGRO Capital.
- · NCLT order date: August 6, 2026; Meeting date: September 22, 2026.
23-09-2026
This filing discloses the total expense ratios (TER) and transaction costs for DSP Mutual Fund schemes as of September 21, 2026, including the DSP Nifty 10 Yr Benchmark G-Sec ETF. The ETF has a base TER of 0.00% and total TER of 0.13%, with no transaction costs or statutory levies. Other funds show varying TERs, with some equity funds having higher costs, such as DSP Natural Resources And New Energy Fund at 0.38% base TER and 2.11% total TER.
- · DSP Nifty 10 Yr Benchmark G-Sec ETF has a total TER of 0.13%, with 0.00% base TER and 0.00% transaction cost.
- · DSP Financial Services Sectoral Debt Fund has a total TER of 0.69%, with a base TER of 0.11% and transaction cost of 0.20%.
- · DSP US Specific Equity Omni FoF has a total TER of 2.34%, with a base TER of 0.24% and transaction cost of 1.39%.
- · DSP Natural Resources And New Energy Fund has a total TER of 2.11%, with a base TER of 0.38% and transaction cost of 0.75%.
- · DSP Nifty 50 Index Fund has a total TER of 0.43%, with a base TER of 0.10% and transaction cost of 0.15%.
23-09-2026
Orient Green Power Company Limited announced that its subsidiary Delta Renewable Energy Private Limited has successfully commissioned a 17.6 MW AC (24.64 MW DC) solar power plant in Tamil Nadu as of September 22, 2026. This brings the aggregate installed solar capacity to 24.6 MW AC (34.44 MW DC), completing the solar expansion objective committed under the 2024 Rights Issue.
23-09-2026
Apollo Micro Systems Limited has responded to observations from the National Stock Exchange (NSE) regarding its proposed preferential issue of 2,28,30,902 equity shares and 5,69,15,380 equity warrants. The company has incorporated the requisite clarifications/corrections in the relevant disclosures and provided a detailed pre- and post-issue shareholding pattern for the proposed allottees. The filing is procedural and does not contain any financial results or performance metrics.
- · The company responded to NSE letter No. NSE/LIST/56336 regarding observations on the EGM notice.
- · The proposed allottees include 112 non-promoter entities and 2 promoter group entities (Chanakya Reddy Baddam and Kanishka Reddy Baddam).
- · The two promoter group allottees (Chanakya Reddy Baddam and Kanishka Reddy Baddam) each hold 84,00,600 pre-issue shares (2.261% each) and will each receive 1,30,50,000 equity shares, resulting in a post-issue holding of 2,14,50,600 shares (4.809% each).
- · Opal Global Diversified Fund Limited is the largest non-promoter allottee, receiving 1,20,00,000 equity shares (post-issue holding 2.690%).
- · Cullinan Opprts Fund VCC-Cullinan Opportunities Incorporated VCC Sub Fund 1 will receive 25,00,000 equity shares and 45,00,000 warrants, resulting in a post-issue holding of 70,00,000 shares (1.569%).
- · Several allottees (e.g., Nautilus Private Capital LTD, Maestro Emerging Fund, Robust Knights Fund, M7 Global Fund) will receive 25,00,000 equity shares and 25,00,000 warrants each, resulting in a post-issue holding of 50,00,000 shares (1.121% each).
23-09-2026
23-09-2026
Veefin Solutions Limited disclosed that promoters Raja Debnath and Gautam Udani pledged 25,69,171 shares (9.64% of total share capital, 95.26% of promoter shareholding) on September 18, 2026, in favor of Axis Trustee Services Limited. The pledge secures unrated, unlisted, secured, redeemable Non-Convertible Debentures issued by Nityo Tech Private Limited (step-down subsidiary), with an amount of ₹45,00,00,000 and a security cover ratio of 1.61:1. The funds are for working capital/general corporate purposes and the buyout of Infini Systems Limited's business by Nityo Tech, with the end use being personal use by promoters.
- · Encumbrance date: September 18, 2026; filing date: September 23, 2026
- · Pledge created in favor of Axis Trustee Services Limited, a SEBI-registered debenture trustee and wholly owned subsidiary of Axis Bank Limited
- · Encumbered shares represent 95.26% of promoter shareholding, with Raja Debnath's pledge at 80.14% and Gautam Udani's at 15.12%
- · Security cover ratio is 1.61:1 (asset value ₹72,67,15,709.06 vs. amount ₹45,00,00,000)
- · End use: working capital/general corporate purposes, and buyout of Infini Systems Limited's business by Nityo Tech Private Limited
- · NCDs are unrated and unlisted, issued by Nityo Tech Private Limited (step-down subsidiary)
- · Total promoter shareholding is 88,69,525 shares (34.73% of total share capital)
23-09-2026
On September 21-22, 2026, promoter group entity T T Brands Limited purchased 403,247 equity shares of T T Limited in the open market, increasing its stake from 35.16% to 35.31%. This insider trade disclosure was filed under SEBI PIT regulations, with no corresponding derivative trading activity.
- · Share price or per-share cost not disclosed in filing
- · Value of transaction excludes taxes, brokerage, or other charges
- · Derivative trading activity reported as Not Applicable
- · Filing submitted to both NSE and BSE
23-09-2026
CRISIL downgraded Jai Balaji Industries' long-term bank loan rating to 'Crisil BBB/Stable' from 'Crisil BBB+/Stable' and short-term rating to 'Crisil A3+' from 'Crisil A2', citing weaker-than-expected operating performance in fiscal 2026. Revenue declined 8% YoY to Rs 5,786 crore, and EBITDA margin contracted 764 basis points to 6% from 14%, with RoCE falling to 8.8% from over 20%. However, the company's financial health remains sound with low leverage (gearing 0.2x) and adequate liquidity, and EBITDA margin improved to 9% in Q1 FY27.
- · DI pipe capacity utilisation fell sharply to ~30% in fiscal 2026 from 80% in fiscal 2025.
- · Gearing and TOL/TNW ratios were 0.2x and 0.8x respectively as of March 31, 2026.
- · Interest coverage ratio was 5.3x and net cash accrual to adjusted debt ratio was 0.6x in fiscal 2026.
- · Current ratio was 1.35x as of March 31, 2026.
- · The company has five units: four in West Bengal and one in Chhattisgarh.
- · JBIL holds ~30% share in DI pipes in east India.
- · Promoters have over two decades of experience in the iron and steel industry.
- · The company drew reimbursement-based capex loans totaling Rs 270 crore between fiscal 2025 and Q1 FY27.
- · Free cash and bank balance was estimated at over Rs 20 crore on July 30, 2026.
- · Annual cash accrual is expected to be over Rs 500 crore against yearly term debt obligation of less than Rs 200 crore over the medium term.
23-09-2026
Healthy Life Agritec Limited's Board approved a rights issue of partly paid-up equity shares (face value ₹10 each) to raise up to ₹5,000 Lakh (Rs. 5,000 Lakh), subject to regulatory approvals and record date determination. A Rights Issue Committee was formed with Divya Mojjada as Chairperson. The company has not yet disclosed the issue price, entitlement ratio, or record date, which will be determined later.
- · Board meeting commenced at 12:00 P.M. (IST) and concluded at 1:45 P.M. (IST) on September 23, 2026.
- · Rights issue is subject to SEBI ICDR Regulations and other statutory/regulatory approvals.
- · Record date and other terms (issue price, entitlement ratio, timing) to be determined by the Board or Rights Issue Committee.
- · Rights Issue Committee formed with three members: Divya Mojjada (Chairperson), Mohammed Sadiq, Apra Sharma.
23-09-2026
Northern Spirits Limited held its 14th Annual General Meeting on September 23, 2026, where all resolutions were passed by requisite majority. The company declared a final dividend of Re. 0.35 per equity share (3.5%) for FY 2025-26. The meeting was conducted with e-voting facilitated by NSDL, and the Chairman highlighted the company's performance for FY 2025-26.
- · The 14th AGM was held at Kenilworth Hotel, Kolkata, at 11:30 A.M. and concluded at 1:25 P.M.
- · E-voting was open from September 20, 2026, 9:00 A.M. to September 22, 2026, 5:00 P.M.
- · All resolutions, including adoption of financial statements, dividend declaration, and re-appointment of Mrs. Roshni Bakshi, were passed.
- · The company engaged NSDL for e-voting facilities.
- · The meeting was chaired by Managing Director Ankush Bakshi.
23-09-2026
Healthy Life Agritec Limited's Board approved a rights issue of partly paid-up equity shares (face value ₹10 each) to raise up to ₹5,000 Lakh, subject to regulatory approvals and final terms. A Rights Issue Committee was formed, and the record date and other details will be announced later. The company is raising capital to fund its operations, but the specific terms and potential dilution impact are yet to be determined.
- · Board meeting held on September 23, 2026, commenced at 12:00 P.M. IST and concluded at 1:45 P.M. IST.
- · Rights Issue Committee members: Divya Mojjada (Chairperson), Mohammed Sadiq (Member), Apra Sharma (Member).
- · The number of equity shares to be issued will be determined after receiving in-principle approval from the stock exchange.
- · The rights issue is subject to SEBI ICDR Regulations and other applicable regulations.
23-09-2026
Birla Cotsyn (India) Ltd held its 84th Annual General Meeting on September 21, 2026, where all four resolutions were passed with overwhelming shareholder support (over 94.59% of valid votes cast in favor). The resolutions included adoption of audited financials for FY2026, re-appointment of director Sheela Jain, approval of a material related party transaction, and authorization to sell or dispose of the substantial undertaking at the Malkapur Unit. However, the company had zero shareholders present in person or by proxy, and only 30 attended via video conferencing, indicating very low shareholder engagement.
- · The company's shares are not listed on NSE or MSEI (NSE Symbol: NOTLISTED, MSEI Symbol: NOTLISTED).
- · The AGM lasted only 30 minutes (2:00 PM to 2:30 PM).
- · No invalid votes were recorded for any resolution.
- · The scrutinizer's report was issued on September 22, 2026, and countersigned by the company secretary on September 23, 2026.
- · The cut-off date for voting eligibility was September 14, 2026.
- · Remote e-voting period was September 18-20, 2026.
23-09-2026
Tega Industries Limited announced that its special resolution to approve raising of funds through a preferential issue on a private placement basis has been passed by shareholders with the requisite majority via postal ballot. The voting results and scrutinizer's report have been submitted to the stock exchanges and will be hosted on the company's website.
- · The postal ballot notice was dated August 22, 2026.
- · The last date of remote e-voting was September 21, 2026.
- · The scrutinizer's report is dated April 20, 2026 (note: this date appears to be a typo or anomaly as it precedes the notice date).
- · The resolution was passed by the members with requisite majority.
23-09-2026
Pavna Industries Limited held its 32nd Annual General Meeting (AGM) on September 21, 2026, where all five resolutions were passed with overwhelming shareholder support. Notably, the company secured approval for the disinvestment of 100% stakes in its subsidiaries Swapnil Switches Private Limited and Pavna Auto Engineering Private Limited, and for related party transactions. While the standalone financial statements resolution received 99.99% of votes in favour among those polled, overall voter turnout for most resolutions was low at just 9.44% of total shares, as the promoter group (with 85,804,000 shares) did not vote on matters where they were deemed interested.
- · All five resolutions passed with over 99.9% of votes in favour among those polled.
- · For resolutions 2-5, the promoter group (85,804,000 shares) did not participate due to interest, resulting in total voter turnout of only 9.44% of total shares.
- · Resolution 1 (adoption of financials) saw 70.94% voter turnout (98,981,957 shares polled) with 100% promoter participation via e-voting.
- · Five promoter group members' votes were declared invalid for resolutions 2-5 (totaling 85,804,000 shares).
- · A total of 1,490 invalid votes were recorded from public non-institutions for resolutions 2-5.
- · The AGM was held at Pavna International School, Aligarh, on September 21, 2026.
- · Scrip code: 543915; Symbol: PAVNAIND; ISIN: INE07S101038.
23-09-2026
Janus Corporation Ltd announced the appointment of APS & Associates (FRN 306015E) as its new statutory auditor for a five-year term, effective September 18, 2026, following the resignation of Choudhary Choudhary & Co. The appointment is subject to shareholder approval at the next AGM/EGM. No financial figures or performance metrics were disclosed in this filing.
- · Board meeting held on September 22, 2026, from 11:10 a.m. to 11:45 a.m.
- · APS & Associates (FRN 306015E) appointed as statutory auditor for 5 years from September 18, 2026.
- · Previous auditor Choudhary Choudhary & Co. (FRN 002910C) resigned.
- · Appointment subject to shareholder approval in AGM/EGM.
23-09-2026
Tega Industries Limited announced that its special resolution to approve raising of funds through a preferential issue on a private placement basis has been passed by shareholders with the requisite majority via postal ballot. The voting results and scrutinizer's report have been filed with the exchanges and will be hosted on the company's website. No specific vote counts or financial details of the proposed fundraise were disclosed in this filing.
- · The postal ballot notice was dated August 22, 2026.
- · The last date of remote e-voting was September 21, 2026.
- · The scrutinizer's report is dated April 20, 2026 (note: this date appears to precede the notice date, which may be a typo in the filing).
- · The resolution was passed as a Special Resolution.
23-09-2026
Netweb Technologies India Limited announced that Morningstar Sustainalytics assigned an ESG Risk Rating of '21.4' under the 'Medium Risk' category, based on publicly available data. The company clarified it did not engage Sustainalytics for the rating, which was prepared independently. This is a routine disclosure under Regulation 30 of the SEBI Listing Regulations and does not indicate any regulatory action or financial impact.
- · The ESG rating was not commissioned by the company; Sustainalytics prepared it independently using public-domain data.
- · The rating link is provided on Sustainalytics' website.
- · The disclosure was made to both BSE (Scrip Code: 543945) and NSE (Scrip Code: NETWEB).
23-09-2026
PNGS Reva Diamond Jewellery Ltd has opened its exclusive brand store in Nashik, Maharashtra, as of September 23, 2026. With this addition, the company now operates a total of 34 SIS (Shop-in-Shop) stores with P. N. Gadgil & Sons Limited and 4 Exclusive Brand Outlets (EBOs). The filing is a routine disclosure under Regulation 30 of SEBI (LODR) Regulations and does not include any financial figures or performance comparisons.
- · New store location: Ground Floor, Shop No. 4 & 5, Agora Commercial Complex, Sharanpur Road, Canada Corner, Nashik – 422002.
- · Store opening date: September 23, 2026.
23-09-2026
Jagsonpal Services Limited has published a joint public notice in Financial Express (English) and Mumbai Lakshadeep (Marathi) on September 23, 2026, as required under Regulation 30 of SEBI (LODR) Regulations, 2015. The notice relates to a public notice regarding the company's affairs, but the filing does not contain any specific financial figures, performance metrics, or material corporate actions.
- · The public notice was published in Financial Express (English) and Mumbai Lakshadeep (Marathi) on September 23, 2026.
- · The company was formerly known as Jagsonpal Finance and Leasing Limited.
- · The filing is a routine disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
23-09-2026
Tega Industries announced that the Canadian International Trade Tribunal (CITT) has issued a finding in favor of Moly-Cop Canada, its indirect step-down subsidiary, concluding that dumped and subsidized forged grinding media from China threaten to cause injury to the domestic industry. As a result, anti-dumping and countervailing duties will be collected by the Canada Border Services Agency, which the company believes may positively impact Moly-Cop Canada's business prospects, subject to market conditions and implementation of trade measures.
- · CITT Inquiry No. NQ-2026-002 dated September 22, 2026
- · Finding issued by CITT on September 22, 2026
- · BSE Scrip Code: 543413, NSE Symbol: TEGA
- · Disclosure made under Regulation 30 of SEBI Listing Regulations, 2015
23-09-2026
Kalyani Forge Limited held its 47th Annual General Meeting on September 21, 2026 via video conference, with all five ordinary resolutions passed with near-unanimous support (99.9999% in favour). The resolutions included adoption of audited financials for FY ended March 31, 2026, declaration of a final dividend, re-appointment of Mr. Gaurishankar N. Kalyani as a director, ratification of cost auditor remuneration, and approval of commission to Non-Executive and Independent Directors. However, public non-institutional shareholder turnout was minimal (only 0.0153% of their shares polled), and a small fraction (0.8811%) voted against certain resolutions, indicating limited retail engagement.
- · Record date for the AGM was September 14, 2026.
- · No shareholders attended in person or by proxy; all attendance was via video conferencing.
- · Promoter and promoter group held 2,137,689 shares and voted 100% in favour on all resolutions.
- · Public institutions held 20,386 shares but did not cast any votes.
- · Public non-institutions held 1,479,925 shares but only 227 shares (0.0153%) were voted.
- · No invalid votes were reported for any category.
- · The scrutinizer's report was issued on September 22, 2026.
23-09-2026
Kross Limited issued a corrigendum to its Postal Ballot Notice dated August 31, 2026, modifying the proposed special resolutions for a preferential issue of 15,00,000 equity shares and 15,00,000 convertible warrants, as required by NSE. The corrigendum updates the shareholding pattern to August 28, 2026, and clarifies the allottees' status and price re-computation/lock-in provisions. Shareholders who already voted may modify their votes by email before September 30, 2026.
- · E-voting for the postal ballot commenced on September 01, 2026 and ends on September 30, 2026.
- · Shareholders who already voted can modify their votes by emailing the scrutinizer at [email protected] before 5:00 P.M. on September 30, 2026.
- · The corrigendum is required due to NSE's requirements for in-principle approval of the preferential issue.
- · The shareholding pattern was updated from June 30, 2026 to August 28, 2026.
- · The corrigendum clarifies the allottees' current status (non-promoter, not holding any equity shares) and the price re-computation and lock-in provisions.
23-09-2026
Indus Towers Limited has informed the stock exchanges that its trading window for designated persons and their immediate relatives will be closed from September 26, 2026, until 48 hours after the announcement of the company's audited Q2 FY27 financial results. This routine disclosure is made under SEBI's Prohibition of Insider Trading Regulations and does not contain any financial performance data.
- · Trading window closure effective from Saturday, September 26, 2026.
- · Window reopens 48 hours after the announcement of audited Q2 FY27 financial results (quarter ending September 30, 2026).
- · The date of the Board Meeting for the financial results will be intimated separately.
23-09-2026
Blue Dart Express Limited announced several board changes at its September 23, 2026 board meeting. Ms. Kavita Nair's tenure as Independent Director expires on September 25, 2026, and Mr. Charles Simon Dobbie resigned as Non-Executive Director effective the same date to maintain regulatory compliance. The board approved the appointment of Mr. R.S. Subramanian as Managing Director (subject to shareholder approval via postal ballot), appointed Mr. Sebastian Paeßens as Non-Executive Chairman effective September 26, 2026, and inducted two new Independent Directors, Mr. Rajat Kumar Jain and Mr. Avijit Mukerji, leading to a reconstitution of board committees.
- · Board meeting commenced at 11:00 AM and concluded at 2:00 PM on September 23, 2026.
- · Mr. Charles Simon Dobbie's resignation letter was received on September 23, 2026 at 04:51 AM IST.
- · Committees reconstituted effective September 26, 2026: Audit Committee (Chairperson: Mr. Avijit Mukerji), NRC (Chairperson: Dr. Vandana Aggarwal), Risk Management Committee (Chairperson: Mr. Rajat Jain), CSR Committee (Chairperson: Mr. Balfour Manuel), Stakeholders Relationship Committee (Chairperson: Mr. R.S. Subramanian).
- · Mr. Sebastian Paeßens will become Non-Executive Chairman effective September 26, 2026.
23-09-2026
AVT Natural Products issued a market notice to BSE on September 23, 2026, responding to an exchange query about a significant increase in trading volume. The company confirmed there is no undisclosed price-sensitive information and attributed the volume/price movement to purely market-driven factors. No financial or operational metrics were provided in this filing.
- · Reference to BSE email No. L/SURV/ONL/PV/SG/2026-2027/377 dated September 23, 2026
- · Company confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015 for all disclosures
- · No specific reasons for the volume increase were identified by the company
23-09-2026
Accord Transformer & Switchgear Ltd announced that it has secured material purchase orders aggregating ₹5,27,75,000 (excluding GST) from three domestic entities between September 14 and September 23, 2026. The largest order is from Good Earth Renewable Services Pvt Ltd for inverter duty transformers worth ₹4,48,15,000, while orders from Karan Power System Pvt Ltd (₹39,60,000) and Global Energy Corporation (₹40,00,000) are substantially smaller, with the latter two representing only about 15% of the total value combined. All orders are in the ordinary course of business and none involve related parties.
- · The filing cites BSE scrip code 544710 and ISIN INE132201018.
- · Order execution timeline: Good Earth order within 2-3 months, Karan Power within 4-6 weeks, Global Energy within 4 weeks.
- · All three orders are from domestic entities and none involve promoter/group company interests or related party transactions.
- · The Global Energy order totals ₹40,00,000 (excl. GST) comprising two purchase orders (₹21,50,000 and ₹18,50,000).
23-09-2026
Blue Dart Express Limited announced several board changes at its September 23, 2026 board meeting. Ms. Kavita Nair's tenure as Independent Director expires on September 25, 2026, and Mr. Charles Simon Dobbie resigned as Non-Executive Director effective the same date to maintain regulatory compliance. The board approved the appointment of Mr. R.S. Subramanian as Managing Director (subject to shareholder approval via postal ballot), appointed Mr. Sebastian Paeßens as Non-Executive Chairman from September 26, 2026, and inducted two new Independent Directors, Mr. Rajat Kumar Jain and Mr. Avijit Mukerji, with corresponding committee reconstitutions.
- · Board meeting commenced at 11:00 AM and concluded at 2:00 PM on September 23, 2026.
- · Mr. Charles Simon Dobbie's resignation letter stated no material reasons other than enabling compliance with board composition requirements.
- · Committees reconstituted effective September 26, 2026: Audit Committee chaired by Mr. Avijit Mukerji; NRC chaired by Dr. Vandana Aggarwal; Risk Management Committee chaired by Mr. Rajat Jain; CSR Committee chaired by Mr. Balfour Manuel; Stakeholders Relationship Committee chaired by Mr. R.S. Subramanian.
23-09-2026
Chennai Petroleum Corporation Limited has informed BSE of the Record Date (September 29, 2026) for the redemption of its Commercial Paper (ISIN INE178A14HT4) maturing on September 30, 2026. This is a routine procedural disclosure regarding the redemption of a debt instrument and contains no financial results, operational updates, or material business developments.
23-09-2026
Jammu & Kashmir Bank has released its revised Integrated Annual Report for FY2025-26, ahead of its 88th Annual General Meeting scheduled for September 22, 2026. The report highlights a Gross NPA reduction to 2.50%, a Capital Adequacy Ratio of 16.55%, and over 21,000 sanctions under Mission Yuva. However, the filing does not provide period-over-period financial comparisons, so performance trends cannot be assessed from this document alone.
- · The Integrated Annual Report is prepared with reference to the Integrated Reporting <IR> Framework of the IFRS Foundation and includes BRSR disclosures.
- · Reasonable assurance on Core KPIs in BRSR was undertaken by M/s SR Asia.
- · The Bank is the exclusive banking partner to the Governments of the Union Territories of Jammu & Kashmir and Ladakh.
- · Kisan Credit Card NPAs are reported to be well below the national average.
- · The Bank won Gold for AI-driven Analytics at Finacle Innovation Awards 2026 and swept all four categories among Private Sector (Medium Size) Banks at IBA CISO Summit & Citations - 2025.
23-09-2026
Prakash Woollen & Synthetic Mills Ltd has announced the closure of its trading window from October 1, 2026 until 48 hours after the declaration of unaudited financial results for the quarter and half year ending September 30, 2026, in compliance with SEBI PIT Regulations. All promoters, directors, and designated persons are barred from trading during this period. This is a routine regulatory disclosure with no financial impact.
- · Trading window closure starts Thursday, October 01, 2026
- · Closure ends 48 hours after declaration of Q2 FY27 (quarter ending September 30, 2026) results
- · Applies to Promoters, Directors, Connected Persons/Designated Persons and their immediate relatives
- · Scrip code: 531437, Scrip ID: PWASML
23-09-2026
Nuvama Wealth Finance Limited has redeemed and paid the amount due on its commercial paper (ISIN INE918K14DK0) issued on May 26, 2026. The redemption was completed on September 23, 2026. No further details on the redemption amount or any financial impact were disclosed.
- · The commercial paper was issued under offer documents dated May 26, 2026.
- · The redemption was completed on September 23, 2026.
23-09-2026
SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has completed the dispatch of the Postal Ballot Notice and remote e-Voting details to its equity shareholders. The company published newspaper advertisements in The Financial Express (English) and Jansatta (Hindi) on September 23, 2026, to inform shareholders. This filing is a routine compliance update under SEBI Listing Regulations and contains no financial or operational performance data.
- · The company name has changed from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited.
- · Advertisements were published in The Financial Express (English) and Jansatta (Hindi) on September 23, 2026.
- · The filing is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
23-09-2026
PMC Fincorp Limited has informed the exchange that its trading window for designated persons and their immediate relatives will be closed from October 1, 2026 until 48 hours after the board meeting that approves the unaudited standalone financial results for the quarter and half year ending September 30, 2026. This routine closure is in compliance with SEBI's insider trading regulations and does not involve any financial data or material business event.
- · The trading window closure applies to designated persons and their immediate relatives.
- · The exact date of the board meeting will be announced separately.
- · The closure period begins October 1, 2026 and ends 48 hours after the relevant board meeting.
23-09-2026
K.M. Sugar Mills Limited has announced the closure of its trading window for all designated persons from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half year ending September 30, 2026. The board meeting date for the results will be intimated later. This is a routine regulatory disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015, with no financial impact.
- · Trading window closure period: October 1, 2026 to 48 hours after declaration of Q2 and H1 FY27 results
- · Financial results for quarter and half year ended September 30, 2026
- · Company CIN: L15421UP1971PLC003492
- · Stock codes: BSE Scrip Code 532673, NSE Symbol KMSUGAR
23-09-2026
Consolidated Construction Consortium Ltd has informed the stock exchanges that its trading window will be closed from October 1, 2026 until 48 hours after the declaration of its Q2 FY27 unaudited financial results. The closure is in compliance with SEBI's insider trading regulations. No financial results or performance data are disclosed in this filing.
- · Trading window closure begins Thursday, 1 October 2026.
- · Closure ends 48 hours after Q2 FY27 unaudited results are declared by the Board.
- · The date of the Board Meeting for Q2 results will be intimated separately.
23-09-2026
Nirmal Bang Securities Private Limited has filed a certificate under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the timely payment of interest on its Non-Convertible Debentures (NCDs) with ISIN INE681R08133. The interest amount of ₹1,29,17,859 was paid on the due date of September 23, 2026, with no delays or changes in payment frequency. No redemption payment was made as the redemption is scheduled for March 23, 2027.
- · The certificate covers scrip codes 976408, 976778, 976970, 977144, 977356, and 978021, but the detailed compliance is specifically for scrip code 977144.
- · The last interest payment before this was made on June 23, 2026.
- · The interest payment frequency is quarterly.
23-09-2026
Panama Petrochem Limited has informed the stock exchanges that its trading window will be closed from October 1, 2026 until 48 hours after the declaration of financial results for the quarter/half year ending September 30, 2026. This is a routine compliance disclosure under SEBI insider trading regulations and contains no financial or operational data.
- · Trading window closure starts October 1, 2026 and ends 48 hours after the declaration of Q2/H1 FY27 results.
- · The date of the financial results announcement has not yet been set and will be informed later.
23-09-2026
Vistar Amar Limited has announced the closure of its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half year ended September 30, 2026. The company also stated that the date of the board meeting for the results will be intimated later. This is a routine regulatory disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015, with no financial or operational impact.
- · Trading window closure effective from October 1, 2026, until 48 hours after declaration of Q2 and H1 FY27 financial results.
- · Board meeting date for financial results will be intimated separately.
- · Disclosure made to BSE Limited under Regulation 30 read with SEBI (Prohibition of Insider Trading) Regulations, 2015.
23-09-2026
Jost’s Engineering Company Limited announced that its trading window will remain closed from 1st October, 2026, under SEBI’s insider-trading regulations and the company’s internal code of conduct. The window will reopen only after 48 hours have elapsed following the public announcement of the unaudited financial results for the quarter and half year ended 30th September, 2026; the Board Meeting date has not yet been announced.
- · Filing date: 23rd September, 2026.
- · Trading window closure begins on 1st October, 2026.
- · The financial results cover the quarter and half year ended 30th September, 2026.
- · The Board Meeting date for consideration and approval of the results will be intimated separately.
- · Scrip Code: 505750.
- · The disclosure cites the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended by the 2018 regulations.
- · Company Secretary membership number: A40774.
23-09-2026
Clean Max Enviro Energy Solutions Ltd has allotted a total of 2,830 equity shares (face value ₹1 each) comprising 1,415 shares upon exercise of vested stock options and 1,415 bonus shares in a 1:1 ratio under the CMES ESOS scheme. The paid-up share capital increased marginally from ₹11,75,49,370 to ₹11,75,52,200, and the company noted that earnings per share remain unaffected due to the negligible quantity of shares allotted.
- · The bonus issuance ratio of 1:1 was approved by shareholders on 8 August 2025.
- · Each stock option is convertible into one fully paid-up equity share of face value ₹1.
- · The exercise price is the par value of equity shares i.e., ₹1 per option.
- · Prior to this allotment, the company had a share sub-division from face value ₹10 to ₹1 per share (effective 2 July 2025) and a 1:1 bonus issuance approved on 8 August 2025, which adjusted the entitlement of option grantees.
- · Money realized by exercise of options: ₹1,415.
- · No variation has been made in the terms of the options; however, adjustments were made due to the sub-division and bonus issuance.
23-09-2026
Baba Arts Ltd has announced the closure of its trading window from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter and half year ending September 30, 2026, in compliance with SEBI insider trading regulations. The date of the board meeting for the results will be intimated later. This is a routine regulatory disclosure with no financial impact.
- · Trading window closure effective from Thursday, 1st October 2026.
- · Closure period ends 48 hours after declaration of unaudited financial results for Q2 and H1 FY27 (quarter and half year ending 30 September 2026).
- · Applies to Directors, Promoters, Designated Employees and Specified Connected Persons.
- · BSE scrip code: 532380; Scrip name: BABA.
- · Company CIN: L72200MH1999PLC119177.
23-09-2026
Crest Ventures Limited has certified to BSE that it made timely payment of interest on its 12% Rated, Listed, Unsecured, Senior, Transferable, Redeemable, Non-Convertible Debentures (ISIN: INE559D08032) on the due date of September 23, 2026. The interest amount paid was ₹302.47 Lakh (before TDS) and ₹272.22 Lakh (after TDS), with no delays or defaults. This is a routine compliance filing under SEBI Listing Regulations and does not indicate any material change in the company's financial health.
- · The debentures have a quarterly interest payment frequency.
- · The interest payment record date was September 08, 2026.
- · The previous interest payment was made on June 23, 2026.
- · The company's website is www.crest.in.
Get daily alerts with 10 investment signals, 10 risk alerts, 10 opportunities and full AI analysis of all 50 filings
₹500/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.
More from: India Stock Market Daily Regulatory Digest
September 21, 2026
India Stock Market Daily Regulatory Digest — September 21, 2026
September 20, 2026
India Stock Market Daily Regulatory Digest — September 20, 2026
September 19, 2026
India Stock Market Daily Regulatory Digest — September 19, 2026
September 18, 2026
India Stock Market Daily Regulatory Digest — September 18, 2026
🇮🇳 More from India
View all →September 24, 2026
India Upcoming Corporate Actions BSE NSE — September 24, 2026
India Upcoming Corporate Actions BSE NSE
September 24, 2026
India Quarterly Results BSE NSE Announcements — September 24, 2026
India Quarterly Results BSE NSE Announcements
September 24, 2026
India AGM EGM Shareholder Meeting Schedule — September 24, 2026
India AGM EGM Shareholder Meeting Schedule
September 23, 2026
India Upcoming Corporate Actions BSE NSE — September 23, 2026
India Upcoming Corporate Actions BSE NSE