Executive Summary
Today's filings reveal a market in transition: a significant M&A transaction in specialty chemicals (Anupam Rasayan's acquisition of Bliss GVS Pharma) and a potential control change at Whirlpool of India are the key corporate actions, while a wave of trading window closures signals the upcoming Q2 FY27 earnings season.
Financial metrics show mixed performance, with WBSEDCL reporting revenue growth but sharply lower other income and deteriorating liquidity, while KNR Constructions received a favorable tax ruling. Insider activity is limited, but the resignation of two independent directors at Kesoram Industries following a change in control is a governance red flag. Capital allocation is highlighted by a rights issue from Tuni Textile Mills and a debenture issue by Anupam Rasayan. The overall sentiment is cautious, with investors advised to monitor the Whirlpool stake sale, the Anupam Rasayan acquisition, and the upcoming Q2 earnings announcements.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate governance · Debt securities · Corporate action · Insider trading
Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from September 23, 2026.
Investment Signals (11)
- Anupam Rasayan ↓ (BULLISH)▲
Executed security documents for INR 300 crore debenture issue to fund Bliss GVS Pharma acquisition, creating a contingent liability; the deal is at arm's length and could be accretive if synergies materialize
- Whirlpool of India ↓ (BULLISH)▲
Promoter's intent to sell entire stake confirmed, with multiple counterparties in talks; stock surged 20% on the news, indicating high market expectations for a control premium
- KNR Constructions ↓ (BULLISH)▲
Income tax penalty of ₹9.35 crore for AY 2021-22 deleted by CIT (Appeals), a positive legal outcome that removes a potential cash outflow
- WBSEDCL (BEARISH)▲
Revenue from operations grew 3.5% YoY to ₹35,223.92 Cr, but other income fell 59.9% YoY, and liquidity ratios deteriorated (current ratio 0.35 vs 0.46), signaling financial stress
- WBSEDCL (BEARISH)▲
ATC losses reduced from 17.13% to 12.53%, a positive operational improvement, but DSCR fell to 0.54 from 0.72, indicating weaker debt coverage
- Kesoram Industries ↓ (BEARISH)▲
Two independent directors resigned citing 'change in control', and the company delayed disclosure by 7 days, a governance red flag
- SJ Corporation ↓ (BULLISH)▲
Former promoters seek reclassification to 'Public' following an open offer, indicating a clean exit and potential for new management to drive value
- Uday Jewellery ↓ (BULLISH)▲
NSE listing approved, enhancing visibility and liquidity with access to a second national exchange
- D.P. Abhushan ↓ (BULLISH)▲
Inaugurated first showroom in Gujarat, expanding network to 13 showrooms, a positive growth step
- Jindal Stainless ↓ (BULLISH)▲
Won Gold at Brandon Hall HCM Awards, highlighting strong talent development, which supports long-term growth
- 360 ONE WAM ↓ (BULLISH)▲
Assigned 'Crisil ESG 72' rating, enhancing appeal to ESG-focused investors
Risk Flags (7)
- Kesoram Industries/Governance↓ [HIGH RISK]▼
Two independent directors resigned due to 'change in control', and the company delayed disclosure by 7 days, violating SEBI's 24-hour timeline
- WBSEDCL/Liquidity [HIGH RISK]▼
Current ratio deteriorated to 0.35 from 0.46, and quick ratio to 0.34 from 0.45, indicating severe short-term liquidity stress
- WBSEDCL/Debt Coverage [HIGH RISK]▼
DSCR fell to 0.54 from 0.72, raising concerns about the company's ability to service debt
- Anupam Rasayan/Contingent Liability↓ [MEDIUM RISK]▼
INR 300 crore corporate guarantee and pledge of 100% of MVCPL equity create a significant contingent liability
- Whirlpool of India/Control Risk↓ [MEDIUM RISK]▼
Promoter's exit could lead to a change in control, with potential impact on operations and strategy; company is not a party to negotiations
- ESDS Software/Compliance↓ [LOW RISK]▼
AGM deadline extended to November 30, 2026, indicating potential delays in financial reporting
- ▼
Trading window closure is routine, but the company's small size and low liquidity may amplify price movements
Opportunities (8)
- Anupam Rasayan/Acquisition↓ (OPPORTUNITY)◆
The Bliss GVS Pharma acquisition, funded via INR 300 crore debentures, could create a specialty chemicals/pharma cross-selling opportunity; monitor for integration updates
- Whirlpool of India/Control Premium↓ (OPPORTUNITY)◆
The promoter's stake sale could result in a control premium, offering potential upside for shareholders; monitor for deal announcements
- Uday Jewellery/NSE Listing↓ (OPPORTUNITY)◆
The new listing on NSE could attract institutional interest and improve price discovery
- D.P. Abhushan/Expansion↓ (OPPORTUNITY)◆
The Gujarat showroom launch is a strategic move into a new state, with potential for revenue growth
- WBSEDCL/Operational Improvement (OPPORTUNITY)◆
ATC loss reduction from 17.13% to 12.53% shows operational efficiency gains, which could improve profitability if sustained
- 360 ONE WAM/ESG Rating↓ (OPPORTUNITY)◆
The 'Crisil ESG 72' rating could attract ESG-focused institutional investors
- SJ Corporation/New Management↓ (OPPORTUNITY)◆
The change in control via open offer could bring fresh capital and strategic direction
- KNR Constructions/Tax Relief↓ (OPPORTUNITY)◆
The penalty deletion is a positive legal outcome, reducing potential cash outflow
Sector Themes (5)
- Q2 FY27 Earnings Season Approaching◆
15+ companies announced trading window closures starting October 1, 2026, signaling the start of Q2 earnings season; investors should prepare for volatility and earnings-driven moves
- Specialty Chemicals Consolidation◆
Anupam Rasayan's acquisition of Bliss GVS Pharma highlights a trend of consolidation in the specialty chemicals sector, with companies seeking to expand product portfolios and market reach
- Governance Scrutiny◆
Kesoram Industries' delayed disclosure of director resignations underscores the importance of timely compliance; investors should monitor governance practices
- Infrastructure Investment◆
WBSEDCL's major capex projects (RDSS ₹12,000 Cr, smart meters ₹3,000 Cr) indicate continued investment in India's power infrastructure, with potential opportunities for suppliers and contractors
- Retail Expansion in Tier-2/3 Cities◆
D.P. Abhushan's entry into Gujarat reflects a broader trend of retail companies expanding into smaller cities to capture growth
Watch List (8)
-
Monitor for any announcement of a stake sale deal, which could trigger a takeover bid and share price movement
-
Watch for completion of the Bliss GVS Pharma acquisition and any updates on the debenture issue
- WBSEDCL👁
Monitor its 19th AGM on September 29, 2026, for any updates on financial performance and capex plans
-
Watch for any further board changes or regulatory action related to the delayed disclosure
-
Monitor the reclassification process and any new strategic initiatives from the new promoters
-
Watch for the announcement of the AGM date and any updates on financial reporting
-
Monitor the rights issue timeline and pricing, as it could impact existing shareholders
- Q2 FY27 Earnings Season👁
Watch for earnings announcements from companies that have closed their trading windows, starting early October
Filing Analyses
(50)
23-09-2026
Anupam Rasayan India Limited has executed security documents in connection with a proposed INR 300 crore debenture issue by its wholly-owned subsidiary, Mates Visa Consultancy Private Limited (MVCPL), to fund the acquisition of Bliss GVS Pharma Limited. The company has provided a corporate guarantee, pledged 100% of MVCPL's equity and a 15% stake in Purebliss Pharma Solutions, and granted a call option to Purebliss. The transaction is at arm's length and currently has no impact on the company, but represents a contingent liability of up to INR 300 crore.
- · The debentures have a maximum tenor of 48 months from the deemed date of allotment.
- · The corporate guarantee is unconditional and irrevocable, valid until the MVCPL Debentures are outstanding.
- · The pledge creates a first-ranking and exclusive charge over 100% of MVCPL's equity shares and a 15% stake in Purebliss.
- · The company has granted Purebliss a call option to purchase all securities held by the company in MVCPL on a fully diluted basis.
- · The transaction is with related parties (promoters Anand and Mona Desai) but is stated to be at arm's length.
- · The proceeds from the debentures will be used for the acquisition of securities of Bliss GVS Pharma Limited by MVCPL, with balance funds from equity-like instruments issued to Purebliss.
24-09-2026
NaBFID has approved the pricing, tenure, and terms of senior unsecured notes to be issued under its US$4,000,000,000 global medium term note programme. The notes are for US$750 million with a 10-year tenor and a fixed coupon of 6.122%, payable semi-annually, and are rated BBB by S&P, BBB- by Fitch, and BBB+ (Stable) by CareEdge Global. The issuance is a routine debt capital markets update with no negative or flat performance metrics to report.
- · The notes will be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited.
- · Date of settlement is 30 September 2026 and date of maturity is 30 September 2036.
- · Coupon is 6.122% fixed, paid semi-annually on a 30/360 basis.
- · ISINs: USY6202CAX75 (Reg S) and US633914AA43 (144A).
- · The notes are unsecured and have no special rights or privileges.
24-09-2026
NaBFID (National Bank for Financing Infrastructure and Development) has approved the issuance of US$750 million in senior unsecured fixed-rate notes under its US$4 billion global medium-term note programme. The 10-year notes carry a fixed coupon of 6.122% and will be listed on the India International Exchange (IFSC) and NSE IFSC, with settlement on 30 September 2026 and maturity on 30 September 2036. This is a routine debt capital markets update with no period-over-period financial comparisons or performance data.
- · The Notes are rated BBB by S&P, BBB- by Fitch, and BBB+ (Stable) by CareEdge Global.
- · The Notes are unsecured and have a semi-annual coupon payment schedule (30/360 day count).
- · ISINs: USY6202CAX75 (Reg S) and US633914AA43 (144A).
- · The offering is conducted under Regulation S and Rule 144A of the U.S. Securities Act of 1933.
24-09-2026
Swaraj Suiting Ltd has announced the closure of its trading window from October 1, 2026, until 48 hours after the financial results for the quarter and half year ending September 30, 2026, are made public, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The announcement is a routine regulatory disclosure and contains no financial or operational performance data.
- · Trading window closure starts October 1, 2026
- · Trading window reopens 48 hours after Q2 FY27 financial results (quarter and half year ending September 30, 2026) are publicly available
- · Disclosure made to both NSE (Symbol: SWARAJ) and BSE (Scrip Code: 544861)
24-09-2026
KNR Constructions Limited received an order from the Commissioner of Income Tax – Appeals, Hyderabad-12, deleting a penalty of ₹9,35,44,336 for Assessment Year 2021-22. The company's appeal was allowed, and the penalty order was deleted. The company has stated that the order has no impact on its financial, operational, or other activities.
- · Order received on 23-09-2026 at 07:23 AM
- · Penalty deletion pertains to Assessment Year 2021-22
- · Company explicitly states nil impact on financial, operational, and other activities
24-09-2026
Whirlpool of India Limited issued a clarification to stock exchanges regarding a news report that its promoter, Whirlpool Mauritius, is set to sell its entire stake, which caused the company's share price to surge 20% on September 23, 2026. The company stated it is not a party to any negotiations and is unaware of the terms, price, or stage of any potential transaction, though it confirmed that Whirlpool Corporation has communicated its continued intent to sell its shares as part of a control transaction with multiple potential counterparties. The company reiterated that it has disclosed all relevant information to the exchanges and does not believe the news article has a material impact on the company itself.
- · The promoter's intent to reduce shareholding has been in the public domain since January 30, 2025.
- · The company amended intercompany arrangements on October 16, 2025, in the interest of the company.
- · Whirlpool Corporation sold approximately 11% of its shareholding in 2025, disclosed on November 28, 2025.
- · The most recent communication from Whirlpool Corporation was received on September 22, 2026, at 7:17 PM IST.
- · The proposed sale is being explored with more than one potential counterparty.
- · The company's share price moved from Rs. 721.15 to Rs. 865.35 on September 23, 2026.
24-09-2026
Karur Vysya Bank has informed stock exchanges about a scheduled institutional investors/analysts meet with Nuvama Emerging India Forum on September 28, 2026, in Mumbai. The bank stated that no unpublished price-sensitive information (UPSI) or material information will be shared during the meeting.
- · The meeting is a physical group/one-to-one meet at Grand Hyatt, Santacruz, Mumbai.
- · The schedule is subject to change due to exigencies.
- · The bank will refer only to publicly available documents during the interaction.
24-09-2026
Marico Limited allotted 15,600 equity shares (face value Re. 1 each) under its ESOP 2016 on September 24, 2026, comprising 15,000 shares at an exercise price of ₹372.10 and 600 shares at ₹545.34. The allotment increased paid-up capital from ₹1,30,01,88,450 to ₹1,30,02,04,050, a negligible increase of 0.0012%. The company itself clarified the allotment is not material in nature.
- · The Securities Committee of the Board of Directors passed the resolution on September 24, 2026.
- · ISIN of the allotted shares: INE196A01026.
- · All shares rank pari passu with existing equity shares; no lock-in applies.
- · The filing is made under Regulation 30 of SEBI (LODR) Regulations, 2015 and Regulation 10(c) of SEBI SBEB Regulations, 2021.
24-09-2026
Vishnu Chemicals Limited has announced a trading window closure from October 1, 2026 until 48 hours after the board meeting to approve the unaudited financial results for Q2 FY27 (quarter ending September 30, 2026). This is a routine procedural disclosure with no financial impact.
- · Trading window closure start date: October 1, 2026
- · Trading window reopens 48 hours after the board meeting results are disseminated
- · The board meeting will consider unaudited financial results for the quarter ended September 30, 2026
24-09-2026
Sarthak Global Ltd. has informed BSE that its trading window 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, in compliance with SEBI (Prohibition of Insider Trading) Regulations. The company will separately announce the board meeting date. This is a routine regulatory disclosure and contains no financial figures or performance data.
- · Trading window closure starts October 1, 2026 and ends 48 hours after the board meeting approving the unaudited standalone financial results for the quarter and half year ending September 30, 2026.
- · Designated persons and their immediate relatives are prohibited from trading during the closure.
- · The company will separately intimate the board meeting date for the financial results.
24-09-2026
Syngene International Limited informed the stock exchanges that a scheduled meeting with Bajaj AMC on September 24, 2026, has been cancelled. The cancellation was communicated via a regulatory filing under Regulation 30 of the SEBI Listing Regulations. No financial or operational impact is indicated.
- · The meeting cancellation was intimated under Regulation 30 of SEBI Listing Regulations.
- · The original meeting was scheduled for September 24, 2026.
- · The information is also available on the company's website.
24-09-2026
SK International Export Limited held its Eighth Annual General Meeting on September 24, 2026, at 11:00 AM IST in Mumbai. All ordinary businesses, including the adoption of audited financial statements for FY ended March 31, 2026, and the re-appointment of Mr. Hitesh Sadh as director, were approved by members via ballot. The meeting concluded at 11:30 AM IST.
- · The AGM was held at the registered office: 78, Ground, A2, Shah & Nahar Industrial Estate, Sitaram Jadhav Marg, Lower Parel, Mumbai, Maharashtra, India, 400013.
- · The meeting was chaired by Mr. Hitesh Sadh (DIN: 03055331).
- · All resolutions were passed by ballot paper at the venue.
- · The meeting started at 11:10 AM IST and concluded at 11:30 AM IST.
24-09-2026
360 ONE WAM Limited has been assigned a 'Crisil ESG 72' rating by CRISIL ESG Ratings & Analytics Limited, a SEBI-registered Category 1 ESG Rating Provider. This ESG rating reflects the company's environmental, social, and governance performance, which may enhance its appeal to ESG-focused investors.
- · The ESG rating was assigned by CRISIL ESG Ratings & Analytics Limited, a SEBI-registered 'Category 1' ESG Rating Provider.
- · The rating is 'Crisil ESG 72'.
24-09-2026
Ajel Limited's Board of Directors approved the relocation of its registered office within Mumbai due to redevelopment of existing premises, effective October 1, 2026. The move is within the same city and under the same ROC jurisdiction, and the Company Secretary/KMP has been authorized to file necessary forms with the ROC. This is a routine administrative update with no financial impact.
- · Board meeting held on 24th September 2026 from 11:00 AM to 11:30 AM.
- · New registered office address: 714, IJMIMA Complex, Raheja Metroplex, Mindspace, Off New Link Road, Behind Goregaon Sports Club, Malad (W), Mumbai-400064.
- · Change effective from 01st October 2026.
- · Authorization granted to Company Secretary/KMP to file INC-22 and other forms with ROC.
24-09-2026
Oswal Leasing Ltd has informed BSE that its trading window will be closed 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 to consider the results will be intimated later. This is a routine procedural disclosure with no financial figures or performance data.
- · Trading window closure starts October 1, 2026 and ends 48 hours after results become public.
- · The closure applies to promoters, directors, key managerial personnel, designated employees, connected persons, and their immediate relatives.
- · The company's scrip code is 509099 on BSE.
24-09-2026
Chemcon Speciality Chemicals Limited has announced a closure of its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the announcement of its unaudited financial results for the quarter and half year ended September 30, 2026. This is a routine regulatory compliance disclosure under SEBI's insider trading regulations and does not contain any financial or operational data.
- · Trading window closure period: October 1, 2026 to 48 hours after announcement of Q2 & H1 FY27 results.
- · The exact date of the board meeting for results approval will be intimated separately.
- · The closure applies to all designated persons and their immediate relatives under the company's insider trading code.
24-09-2026
Uday Jewellery Industries Limited has received approval from the National Stock Exchange of India (NSE) to list and admit to dealings its 3,40,52,925 equity shares (face value ₹10 each) under NSE's direct listing norms, effective September 25, 2026. The company's shares will continue to be listed and traded on BSE Limited. The listing enhances the company's visibility and liquidity by providing access to a second national exchange, though no new capital is being raised through this event.
- · The listing approval was granted via NSE letter Ref. No. NSE/LIST/265 dated September 23, 2026.
- · The equity shares will be traded under the symbol 'UDAYJEW' in the 'EQ' series with a market lot of 1.
- · Out of the total distinctive number range (1 to 3,72,15,825), 31,62,900 equity shares are forfeited and not re-issued.
- · Certain shares have lock-in periods extending up to March 31, 2028 (e.g., 75,000 shares locked until 31-Mar-2028).
- · The company is required to use NSE's NEAPS portal for future filings and compliance submissions.
24-09-2026
Varroc Engineering Limited has issued and allotted Commercial Paper (CP) aggregating to Rs. 50 crores, with a face value of Rs. 5,00,000 per unit and 1000 units, carrying a discount rate of 6.90%. The CP has a tenure of 90 days, maturing on December 23, 2026, and is unsecured with no special rights. The company is in the process of listing the CP on the National Stock Exchange of India Limited.
- · ISIN: INE665L14467
- · Tenure: 90 days
- · Date of Allotment: September 24, 2026
- · Date of Maturity: December 23, 2026
- · Interest payment: Upfront
- · Principal payment: On maturity
- · Security: Unsecured
- · Issued in favor of Kotak Mahindra Bank Limited
- · IPA: ICICI Bank Limited
- · Listing approval from NSE is pending
24-09-2026
M.M. Rubber Company Ltd. held its 60th Annual General Meeting on September 24, 2026, via video conferencing. The meeting transacted ordinary business including the adoption of audited financial statements for FY ended March 31, 2026, and the reappointment of retiring director Mr. Jacob Mammen. No financial results, performance metrics, or material developments were disclosed in the filing.
- · The AGM was conducted through Video Conferencing / Other Audio-Visual Means.
- · Remote e-voting was open from September 21, 2026 (9 A.M.) to September 23, 2026 (5 P.M.).
- · The meeting lasted 20 minutes, from 11:00 AM to 11:20 AM.
- · Voting results and the Scrutinizer’s Report are to be filed with BSE and posted on the company’s website.
24-09-2026
Lakshmi Electrical Control Systems Limited has informed BSE that its trading window for designated persons will remain closed from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter and half year ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This is a routine procedural disclosure with no financial impact.
- · Trading window closure period: October 1, 2026, until 48 hours after declaration of Q2/H1 FY27 results.
- · Filing made under SEBI (Prohibition of Insider Trading) Regulations, 2015.
24-09-2026
Tuni Textile Mills Ltd. has filed a pre-issue advertisement with BSE Limited regarding its proposed Rights Issue of equity shares. The advertisement was published in Financial Express (English), Jansatta (Hindi), and Mumbai Lakshadweep (Marathi) newspapers. The filing is a procedural disclosure and does not contain any financial results or performance data.
- · The Rights Issue is a proposed corporate action to raise capital by issuing new shares to existing shareholders.
- · The pre-issue advertisement was published in three newspapers: Financial Express (English), Jansatta (Hindi), and Mumbai Lakshadweep (Marathi).
- · The filing date is September 24, 2026.
- · The company's BSE Scrip Code is 531411 and ISIN is INE560D01027.
24-09-2026
Kesoram Industries Limited re-submitted a delayed corporate announcement regarding the resignation of two Independent Directors, Mr. Jitendra Kumar Agarwal and Mrs. Rashmi Bihani, effective September 17, 2026, due to a change in control of the Company. The delay was attributed to an incorrect interpretation of the disclosure timeline under SEBI Listing Regulations, where the Company mistakenly applied a 7-day timeline instead of the required 24-hour window. The Company has assured future compliance with prescribed timelines.
- · The resignation letters cite 'change in control of the Company' as the sole reason, with no other material reasons stated.
- · Mr. Jitendra Kumar Agarwal holds directorships in United Credit Ltd, GPT Infraprojects Limited, Shree Karni Fabcom Limited, and Balgopal Commercial Limited.
- · Mrs. Rashmi Bihani holds directorships in GPT Infraprojects Limited.
- · The initial disclosure was made on September 22, 2026, but the resignation was effective September 17, 2026, indicating a 5-day gap before the first announcement.
- · BSE Limited sought a reason for the delay, prompting the re-submission with clarification.
24-09-2026
Kesar Terminals & Infrastructure Limited has informed BSE that its trading window will be closed for insiders and designated persons from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter and half year ending September 30, 2026. The date of the board meeting to approve the results will be announced later. This is a routine compliance disclosure under SEBI insider trading regulations and contains no financial or operational data.
24-09-2026
Kumbhat Financial Services Ltd. held its 33rd Annual General Meeting on September 24, 2026, via video conferencing, where shareholders approved all resolutions including the adoption of audited financial statements for FY2025-26, re-appointment of Smt. Sarika Kumbhat as a director, and special resolutions to authorize borrowing up to ₹43,00,00,000 (₹43 Crore) and create security interests. The meeting lasted 26 minutes and was conducted with requisite quorum. No financial performance details or comparative metrics were disclosed in this filing.
- · Meeting conducted via Video Conferencing / Other Audio-Visual Means
- · Quorum was present
- · Mundhara & Co., Practising Company Secretaries, appointed as Scrutinizer
- · All resolutions passed by remote e-voting and e-voting during the AGM
- · Meeting duration: 11:00 AM to 11:26 AM IST (26 minutes)
- · Voting results to be disclosed separately within prescribed timeline
24-09-2026
West Bengal State Electricity Distribution Company Limited (WBSEDCL) reported its 19th Annual General Meeting and Annual Report for FY 2025-26. Revenue from operations increased to ₹35,223.92 Cr from ₹34,042.81 Cr in the prior year, while profit before tax rose to ₹71.4 Cr from ₹42.35 Cr. However, other income declined sharply from ₹4,702.52 Cr to ₹1,886.74 Cr, and total expenses increased to ₹38,942.12 Cr from ₹38,659.64 Cr, resulting in a thin net profit margin.
- · The 19th AGM is scheduled for 29th September 2026 at 12:30 PM at the registered office in Kolkata.
- · Sales volume increased to 51,017.426 MU from 48,287.597 MU YoY.
- · Power purchase cost decreased slightly to ₹30,569.22 Cr from ₹30,677.81 Cr.
- · Employee cost decreased 16.4% to ₹1,698.04 Cr from ₹2,032.11 Cr.
- · Interest & finance charges decreased 7.6% to ₹1,691.64 Cr from ₹1,830.13 Cr.
- · Depreciation increased 10.9% to ₹2,484.67 Cr from ₹2,240.81 Cr.
- · Other expenses increased 33.0% to ₹2,498.55 Cr from ₹1,878.78 Cr.
- · Income tax expense increased to ₹23.86 Cr from ₹8.47 Cr.
- · Total Comprehensive Income increased to ₹47.54 Cr from ₹33.88 Cr.
- · ATC loss reduced from 17.13% to 12.53%.
- · RDSS overall physical progress is 67%.
- · West Bengal Distribution Grid Modernization Project overall physical progress is 93%.
- · The company has installed 240.20 MW ground mounted solar power, including 10 MW floating solar and 112.5 MW solar park.
- · Work in progress for 2x10 MW solar plant at Gangapur (₹140 Cr), 5 MW floating solar at PPSP (₹36 Cr), 100 MW solar plant at Goaltore with BESS (₹640 Cr), and 15 MW solar plant at Mejia (₹64.20 Cr).
- · The company is considering 500 MW/2000 MWh BESS at different locations.
- · 3200 MW Thermal Projects at Salboni under TBCB model have been taken up.
- · Direct electricity subsidy of Rs. 2.00 per unit for agricultural consumers, benefiting over 4 lakh consumers.
24-09-2026
Chemtech Industrial Valves Limited has informed the exchanges that its management will participate in a virtual group meeting with GIA Metals on September 29, 2026, from 11:30 AM to 12 Noon IST. The company stated that only publicly available information will be discussed and no unpublished price-sensitive information will be shared.
24-09-2026
ICICI Bank allotted 284,605 equity shares of face value Rs.2 each on September 24, 2026 under the ICICI Bank Employees Stock Option Scheme-2000. The allotment was approved by two Executive Directors under delegated authority from the Board. This is a routine employee stock option exercise with no material financial impact.
- · The allotment was approved by two Executive Directors at 11:38 a.m. on September 24, 2026.
- · The Board had delegated the power to approve such allotments at its meeting on October 21, 2023.
24-09-2026
Keertana Finserv Limited has made timely interest payment of ₹1,10,36,849 on September 23, 2026, for its listed non-convertible debentures (ISIN INE0NES07154, issue size ₹115,00,00,000). The payment was made on the due date, indicating no default or delay. Next interest payment is due October 23, 2026.
- · Interest payment frequency is monthly.
- · Record date for the payment was September 8, 2026.
- · Last interest payment was made on August 21, 2026.
- · Next record date is October 8, 2026; next interest payment due date is October 23, 2026.
- · Payments are subject to TDS.
- · The company was formerly known as Keertana Finserv Private Limited.
24-09-2026
Ganesh Consumer Products Limited has informed the stock exchanges that its trading window for designated persons and their immediate relatives will be closed from October 1, 2026 until 48 hours after the declaration of financial results for the quarter and half year ending September 30, 2026. This routine disclosure under SEBI's insider trading regulations does not contain any financial performance data or material business developments.
- · Trading window closure effective from October 1, 2026
- · Closure ends 48 hours after declaration of Q2 and H1 FY27 results
- · Date of board meeting for results will be intimated separately
24-09-2026
Suraj Industries Ltd has informed BSE that its trading window for designated persons and their immediate relatives will remain closed from October 1, 2026 until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The date of the board meeting to approve the results will be announced later. This is a routine procedural disclosure under SEBI insider trading regulations and contains no financial data or material business developments.
24-09-2026
ESDS Software Solution Ltd has received approval from the Registrar of Companies, Mumbai-II, to extend the deadline for holding its Annual General Meeting (AGM) for FY 2025-26 from September 30, 2026 to November 30, 2026. The extension was granted via an order dated September 23, 2026, and the company will announce the specific date, time, mode, and record date in due course.
- · The extension was approved by the Registrar of Companies, Mumbai-II, via an order dated September 23, 2026.
- · The AGM for FY 2025-26 must now be held on or before November 30, 2026, instead of the original deadline of September 30, 2026.
- · The company will announce the exact date, time, mode, and record date/book closure details to the exchanges later.
24-09-2026
HSBC Gold ETF reported a NAV of ₹131.0288 per unit as of September 23, 2026, with a total corpus of approximately ₹6,896,505,000.65. The fund had 52,633,520 units outstanding, with no subscriptions or redemptions during the period, indicating a static unit base.
- · NAV as of 23-09-2026: ₹131.0288 per unit
- · No units subscribed or redeemed on the reporting date
- · Listing date: 27/3/2026
- · Scrip code: 544736
- · ISIN: INF336L01RX2
24-09-2026
Precision Wires India Limited has informed the stock exchanges that its trading window for directors, auditors, and designated persons (including their immediate relatives) will be closed from the close of business on September 30, 2026, until 48 hours after the announcement of the company's unaudited financial results for the quarter and half-year ending September 30, 2026. This is a routine compliance disclosure under SEBI's insider trading regulations and contains no financial results or material business developments.
- · Trading window closure begins: Wednesday, 30th September 2026 from closing of business hours.
- · Trading window reopens: 48 hours after announcement of unaudited financial results for Q2 and H1 ending September 30, 2026.
- · Affected persons: Directors, Auditors, Designated Persons, and their immediate relatives.
24-09-2026
Gem Aromatics 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 its unaudited financial results for the quarter and half year ending September 30, 2026. This is a routine compliance measure under SEBI's insider trading regulations, with no financial figures or performance data disclosed.
- · Trading window closure effective from October 1, 2026, until 48 hours after the declaration of unaudited financial results for Q2 and H1 ending September 30, 2026.
- · The date of the board meeting to approve the results will be intimated separately.
24-09-2026
Alicon Castalloy Limited has informed the stock exchanges that its trading window for designated persons and their immediate relatives will be closed from October 1, 2026 until 48 hours after the declaration of financial results for the quarter ending September 30, 2026. This is a routine, non-financial compliance disclosure that does not contain any financial results or business performance data.
- · Trading window closure period: October 1, 2026 to 48 hours after Q2 FY27 results announcement.
- · Disclosure made under the Code for Prevention of Insider Trading.
- · Date of the Board Meeting for results will be intimated separately.
24-09-2026
KMF Builders & Developers Ltd. held its 31st Annual General Meeting on September 24, 2026, chaired by Mr. Gorve Chadha. The meeting transacted three items: adoption of audited financial statements for FY ended March 31, 2026, re-appointment of Mrs. Kavita Chadha as a director retiring by rotation, and prior approval for a related party transaction. The meeting was attended by 39 members and concluded at 12:00 PM; voting results will be declared separately.
- · The meeting was held at Zip By Spree Hotels Purple Orchid Whitefield, Bengaluru.
- · E-voting was provided; those present who had not voted electronically could vote at the meeting; no voting by show of hands.
- · Mr. Deepak Sadhu was appointed as Scrutinizer to supervise e-voting and insta-poll process.
- · Voting results will be declared within 48 hours from the conclusion of the meeting.
24-09-2026
Ramco Systems Limited allotted 35,983 equity shares of Rs.10/- each under its Employee Stock Option Schemes (ESOS 2013, 2014, and 2022) on September 24, 2026, following the exercise of 7,002, 8,300, and 20,681 options respectively. Consequently, the paid-up equity share capital increased from Rs.37,59,66,640 to Rs.37,63,26,470, and the total equity shares rose from 3,75,96,664 to 3,76,32,647. The company will apply for listing and trading permission shortly.
- · The allotment was approved by the Stakeholders Relationship Committee (SRC) of the Board.
- · The company will apply for listing and trading permission shortly.
- · The intimation is hosted on the company's website www.ramco.com.
24-09-2026
D. P. Abhushan Limited announced the inauguration of its first showroom in Gujarat, located in Dahod, on September 24, 2026, marking its formal entry into the state. The new showroom, with approximately 3,200 square feet of retail space within an 8,261 square foot building, expands the company's network to 13 showrooms across Central India. Management highlighted the strategic importance of Dahod near the Madhya Pradesh-Gujarat border, but no financial metrics or performance data were disclosed in this market update.
- · Company founded in 1940, carrying an 86-year legacy in Central India, now managed by the 4th generation of the founding family.
- · Dahod showroom is strategically located near the Madhya Pradesh-Gujarat border, leveraging existing brand recall in the region.
- · Showroom designed with contemporary store aesthetics consistent with the company's existing network.
- · Company listed in 2017 on NSE and BSE.
24-09-2026
Rollatainers Limited has informed the stock exchanges that its trading window for designated persons will be closed from October 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter and six months ending September 30, 2026. This routine disclosure is made pursuant to SEBI's insider trading regulations and does not contain any financial performance data.
- · Trading window closure period: October 1, 2026, to 48 hours after declaration of Q2 FY27 results.
- · The date of the Board Meeting to consider the financial results will be intimated separately.
24-09-2026
WBSEDCL's FY2025-26 annual report shows total income of ₹39013.52 Cr (up 0.8% YoY) and profit before tax of ₹71.4 Cr (up from ₹42.35 Cr), with revenue from operations rising 3.5% to ₹35223.92 Cr. However, other income fell sharply from ₹4702.52 Cr to ₹1886.74 Cr (down 59.9%), and key liquidity ratios deteriorated (current ratio 0.35 vs 0.46, quick ratio 0.34 vs 0.45, DSCR 0.54 vs 0.72). The company reduced ATC losses from 17.13% to 12.53% and is executing major capex projects including RDSS (₹12,000 Cr), smart meters (₹3000 Cr), and renewable expansions.
- · Total expenses rose to ₹38942.12 Cr from ₹38659.64 Cr (up 0.7% YoY).
- · Power purchase cost including transmission charges decreased to ₹30569.22 Cr from ₹30677.81 Cr (down 0.4% YoY).
- · Employee cost fell to ₹1698.04 Cr from ₹2032.11 Cr (down 16.4% YoY).
- · Interest and finance charges declined to ₹1691.64 Cr from ₹1830.13 Cr (down 7.6% YoY).
- · Depreciation increased to ₹2484.67 Cr from ₹2240.81 Cr (up 10.9% YoY).
- · Other expenses rose to ₹2498.55 Cr from ₹1878.78 Cr (up 33.0% YoY).
- · Movement in regulatory deferral account balances swung to a positive ₹1901.35 Cr from a negative ₹44.96 Cr.
- · No. of days payable (power purchase) increased to 183 from 157 (up 16.6%).
- · Inventory turnover ratio declined to 106.78 from 116.52 (down 8.4%).
- · Asset utilisation ratio slightly declined to 1.01 from 1.03.
- · Return on capital employed improved to 18% from 16%.
- · RDSS scheme overall physical progress is 67%.
- · World Bank-AIIB grid modernization project physical progress is 93%.
- · Total sales volume reached 51017.426 MU, up from 48287.597 MU.
- · Total consumers reached 24,499,090 (current year) vs 23,834,042 (previous year).
- · Connected load reached 29,325,103 KVA (current year) vs 26,891,547 KVA (previous year).
24-09-2026
SJ Corporation Ltd has received requests from former promoters Savji D Patel and Ushaben Savjibhai Patel to be reclassified from the 'Promoter/Promoter Group' category to the 'Public' category, following a change in control triggered by an open offer completed on August 3, 2026. The reclassification, sought under SEBI LODR Regulation 31A(10), is based on the intention disclosed in the Letter of Offer. This filing is a routine regulatory intimation without financial details, and no performance metrics are provided.
- · The open offer was completed on 03 August 2026.
- · The Share Purchase Agreement was dated 30 January 2026 between sellers (Savji D Patel and Ushaben Savjibhai Patel) and buyers (Pintu Kanjibhai Kalavadia, Prashant Kanjibhai Kalavadia, Umang Kantilal Savani, Kalpesh Patel).
- · The reclassification request was dated 24 September 2026.
24-09-2026
Milkfood Ltd. held its 53rd Annual General Meeting on September 24, 2026, at its registered office in Bahadurgarh, Punjab, with the meeting concluding in 25 minutes. The agenda included adoption of audited financials for FY ended March 31, 2026, re-appointment of a retiring director, and ratification of cost auditor remuneration. No financial results or performance metrics were disclosed in this filing.
- · AGM held on September 24, 2026 at 9:00 AM, concluded at 9:25 AM.
- · Agenda included adoption of audited financial statements for FY ended March 31, 2026.
- · Re-appointment of Mr. Harmesh Mohan Sood as Non-Executive Non-Independent Director (DIN: 07951620).
- · Ratification of cost auditor remuneration for FY 2026-27.
- · Voting results to be announced after receipt of Scrutinizer's report, per Regulation 44(3) of SEBI LODR.
24-09-2026
Axis Mutual Fund published the net asset values (NAVs) for seven of its ETFs as of September 23, 2026. The Axis Nifty Energy ETF (ENERGYAXIS), listed on September 2, 2026, reported an NAV of ₹18.9238 per unit, one of the lowest among the fund family, while the Axis NIFTY IT ETF posted the highest NAV at ₹312.3723 per unit. All seven ETFs show a wide range of NAVs reflecting their different sector exposures and launch dates.
- · Axis Nifty Energy ETF (ENERGYAXIS) was listed on September 2, 2026, just 21 days before the NAV date.
- · Axis Nifty500 Value 50 ETF (VALUEAXIS) was listed on March 20, 2025 and reported an NAV of ₹32.4474.
- · Axis Gold ETF (GOLDAXIS) has the longest track record, listed on September 15, 2011.
24-09-2026
Milkfood Ltd. held its 53rd Annual General Meeting on September 24, 2026, where shareholders approved the re-appointment of Mr. Harmesh Mohan Sood (aged 78) as a Non-Executive Non-Independent Director by passing a Special Resolution. The filing contains no financial results or performance data, so no period-over-period comparisons are possible.
- · The re-appointment was approved via a Special Resolution at the 53rd AGM.
- · Mr. Sood retired by rotation and was re-appointed as a Non-Executive Non-Independent Director.
- · The company's registered office is in Banourgarh, Distt. Patiala (Punjab).
24-09-2026
Gloster Limited has informed the stock exchanges that its trading window for designated persons and their immediate relatives will be closed from October 1, 2026, until 48 hours after the declaration of financial results for the quarter ending September 30, 2026. This is a routine compliance disclosure under SEBI's insider trading regulations and contains no financial or operational data.
- · Trading window closure effective from Wednesday, October 1, 2026 (the filing text has a typo: 'October 2026' without a day, but the context implies October 1).
- · Closure applies to all Designated Persons and their immediate relatives.
- · The date of the Board meeting for the quarterly results will be announced later.
24-09-2026
Baroda Extrusion Ltd. held its 35th Annual General Meeting on September 24, 2026, where all seven proposed resolutions were passed with the requisite majority. Key outcomes included the adoption of audited financials for FY2026, the re-appointment of Alpesh Kanugo as a director liable to retire by rotation, and the appointment of Mrs. Meera Kanugo as Executive Director and Mr. Alpesh Kanugo as Managing Director. The meeting was conducted via video conference and concluded in 41 minutes.
- · The AGM was held at the company's registered office at Survey No. 65-66, Jarod - Samalaya Road, Village: Garadhiya, Taluka: Savli, Dist.: Vadodara - 391 520.
- · E-voting was provided to members as per Section 108 of the Companies Act, 2013.
- · M/s Swati Bhatt & Co. was appointed as Scrutinizer for e-voting and poll.
- · Mr. Alpesh Kanugo was appointed as Managing Director for a term of five years effective May 29, 2026.
- · Mrs. Meera Kanugo was appointed as Executive Director for a period of five years commencing August 12, 2026.
- · Mr. Nilesh Shah was appointed as an Independent Director effective June 11, 2026.
- · A special resolution was passed to enhance borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
- · The meeting started at 11:00 AM and concluded at 11:41 AM.
24-09-2026
Sarla Performance Fibers Limited will close its trading window from October 01, 2026 until 48 hours after the declaration of its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The Board meeting date for approving the results will be intimated to the exchanges separately; no financial performance figures were disclosed.
- · The filing date is September 24, 2026.
- · The trading window closure applies to designated persons and their immediate relatives.
- · The disclosure references the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, including amendments, modifications, and re-enactments.
- · The company’s NSE symbol is SARLAPOLY and its BSE security code is 526885.
- · The relevant reporting period is the quarter and half year ended September 30, 2026.
24-09-2026
Jindal Stainless has won a Gold at the Brandon Hall HCM Awards 2026 for its flagship talent development and career transition programmes, iStep Up and Step Up 1. The recognition underscores the company's commitment to building a strong leadership pipeline and strengthening internal talent development. As of FY26, the company reported an annual turnover of INR 42,955 crore and an annual melt capacity of 4.2 million tonnes.
- · Step Up programmes are designed in partnership with Enparadigm and include experiential learning, AI-enabled diagnostics, coaching, and action learning projects.
- · The five-month learning journey combines classroom sessions, business simulations, and application-based assessments.
- · The programmes focus on capabilities such as growth mindset, learning agility, strategic thinking, and adaptive leadership.
- · Jindal Stainless manufactures stainless steel using electric arc furnace to reduce greenhouse gas emissions and enable scrap recyclability.
24-09-2026
Stanpacks (India) Ltd. has informed the Bombay Stock Exchange that its trading window for designated persons and their immediate relatives will be closed from October 1, 2026, until 48 hours after the announcement of the unaudited financial results for the quarter ended September 30, 2026. This routine disclosure is made under SEBI's insider trading regulations and does not contain any financial or operational data.
24-09-2026
MMTC Limited has informed the stock exchanges that its trading window for dealing in its securities will remain closed from October 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ending September 30, 2026. The date of the results declaration will be communicated separately. This is a routine regulatory disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015, and contains no financial or operational data.
- · Trading window closure period: October 1, 2026, until 48 hours after the declaration of Q2 FY27 unaudited financial results.
- · The date of the financial results declaration will be intimated separately.
- · Disclosure made pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.
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