Corporate Signals
- Gujarat Inject Kerala Ltd
Gujarat Inject Kerala Ltd has announced the receipt of a purchase order from Zentaraa Infra Projects Private Limited for the supply of 3,600 Solar PV Modules. The total value of the order is approximately Rs 4.86 crore, exclusive of GST. The contract is scheduled for execution in October 2026. The company confirmed that the order is at arm's length and involves no interest from the promoter group. This development marks a new business engagement for the company in the solar energy segment.
- GRE Renew Enertech Ltd
GRE Renew Enertech Ltd has disclosed the receipt of a new order for a 265 KW grid-connected solar rooftop power plant valued at Rs 0.72 crore (Rs 71.72 lakh). The order, received on September 21, 2026, involves comprehensive services including design, supply, installation, and commissioning, with an execution timeline of approximately three months. The company has classified this as a routine business development in the ordinary course of operations. The client identity remains confidential. This update falls under the company's established fortnightly business disclosure mechanism.
- Solex Energy Ltd
Solex Energy Limited has secured work orders from domestic power sector entities to supply N-Type TOPCON 620Wp Glass-to-Glass (G12R) Solar PV modules. The total value of these orders is Rs 75.96 crore, inclusive of applicable taxes. The company confirmed that the contract involves no related party transactions and is scheduled for execution by the end of November 2026. This order adds to the company's business commitments, reflecting continued demand for its specialized solar module products within the domestic renewable energy sector.
- SMC Global Securities Ltd
SMC Global Securities Limited announced that the Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1,00,000 via an adjudication order. The regulator found the company in violation of certain SEBI regulations regarding the maintenance of client order placement records and the supervision of an Authorized Person (AP) during an inspection covering the period from January 2024 to September 2024. The company is required to remit the penalty amount within 45 days. This regulatory update follows an investigation into alleged unauthorized trading and mis-appropriation of client funds linked to an AP.
- Veerhealth Care Ltd
Veerhealth Care Ltd has received a domestic order from one of India's largest FMCG companies for the supply of skincare products. The order is valued at Rs 4.5468 crore (Rs 454.68 lakh) and is scheduled for execution within 45 days. The company has characterized this contract as a significant opportunity for turnover growth. The customer identity is undisclosed due to confidentiality terms. This development represents a new operational addition for the company.
- Texmaco Rail & Engineering Ltd
Texmaco Rail & Engineering Ltd has announced the receipt of a Letter of Acceptance from West Central Railway for the provision of anti-bird discs to prevent bird faults. The order, valued at Rs 3.65 crore (inclusive of taxes), is a domestic contract to be executed within 12 months from the date of the Letter of Acceptance. The company has confirmed that there are no related-party implications or conflicts of interest associated with this project award.
- NIS Management Ltd
NIS Management Ltd announced that its subsidiary, NIS Facility Management Services Private Limited, has secured a work order from the West Bengal Police Housing and Infrastructure Development Corporation Limited. The order entails supplying, installing, testing, and commissioning a CCTV surveillance system at various locations in the Pandua, Hooghly Sadar Subdivision, under the MP LAD Scheme. The total contract value is Rs 53.15 lakh (Rs 0.53 crore). This is a domestic project, and the company confirmed no related party interest or conflict of interest in the transaction.
- NIS Management Ltd
NIS Management Ltd announced that its subsidiary, NIS Facility Management Services Private Limited, has been awarded a work order by the West Bengal Police Housing and Infrastructure Development Corporation Limited. The project covers the supply, installation, testing, and commissioning of a CCTV surveillance system at Polba, Hooghly Sadar Subdivision under the MP LAD scheme. The contract is valued at Rs 33.31 lakh (Rs 0.33 crore). The company stated this is not a related party transaction, and there is no promoter or promoter group interest in the awarding entity.
- Beeyu Overseas Ltd
Beeyu Overseas Ltd has received approval from the NCLT, Kolkata Bench, for the reduction of its equity share capital, as detailed in the order dated October 1, 2026. The capital reduction involves cancelling and extinguishing 1,40,58,633 equity shares to adjust against accumulated losses of Rs 23.15 crore as of March 31, 2024. The paid-up share capital will be reduced from Rs 14.14 crore to Rs 8.28 lakh. This action aims to strengthen the company's balance sheet, supporting its ability to attract potential future business opportunities and investments.
- Hindustan Aeronautics Ltd
Hindustan Aeronautics Ltd (HAL) has signed an agreement to acquire the remaining 50% stake in its joint venture, HATSOFF Helicopter Training Pvt Ltd, from partner CAE, Canada, for nil consideration. Upon completion, HATSOFF will become a 100% wholly-owned subsidiary of HAL. The company stated the move aims to gain full management control and streamline decision-making. The acquisition has received administrative approval from the Ministry of Defence and the Ministry of Finance and is expected to be completed within 60 days.
- Aurobindo Pharma Ltd
Aurobindo Pharma Limited announced that its step-down subsidiary, A1 Biochem USA Inc, has completed the acquisition of 100% membership interest in A1 Biochem Labs LLC (A1 Labs LLC) for a cash consideration of USD 15.247 million. The target entity, based in North Carolina, USA, provides contract research and chemistry services to pharmaceutical and biotechnology companies. Aurobindo aims to leverage this acquisition to build a dedicated Contract Research, Development, and Manufacturing (CRDMO) platform, extending its presence in the API life cycle. The transaction is classified as a related party deal but was conducted at arm's length.
- K M Sugar Mills Ltd
K M Sugar Mills Ltd has announced that the Scheme of Arrangement for the demerger of its Distillery Division into KM Spirits and Allied Industries Limited became effective on October 01, 2026. This milestone follows the submission of the certified true copy of the order from the National Company Law Tribunal (NCLT), Allahabad Bench, to the Registrar of Companies, Uttar Pradesh. With the official effective date confirmed, the corporate restructuring process involving the separation of the distillery undertaking is now formally complete.
- Bajaj Finserv Ltd
Bajaj Finserv Ltd's board has approved the subscription of warrants convertible into equity shares of its subsidiary, Bajaj Finance Ltd, for an aggregate cash consideration of up to Rs 5,800 crore. The investment aims to demonstrate the parent company's commitment and support to its subsidiary, intended to boost confidence among prospective investors. The company stated this action is not driven by immediate capital needs at the subsidiary level. The allotment process is expected to be completed within 15 days of the necessary shareholder approval at the subsidiary level.
- Hindalco Industries Ltd
Hindalco Industries Ltd has announced the mutual termination of the Equity Purchase Agreement to acquire AluChem Companies, Inc. The company cited extended closure delays beyond the control of either party as the reason for the decision. Despite this termination, Hindalco affirmed that its broader corporate strategy to scale its high-value, technology-led value-added products (VAP) in the specialty alumina segment remains unchanged. The company intends to continue exploring similar growth opportunities, including those within the United States market, to align with its strategic objectives for the specialty alumina value chain.
- Tata Steel Ltd
Tata Steel has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, to amalgamate its wholly-owned subsidiary, Rujuvalika Investments Limited, into itself. The scheme, aimed at simplifying the corporate structure and reducing regulatory compliance requirements, is effective from an appointed date of April 1, 2023. No new shares will be issued, and shares of the subsidiary held by Tata Steel will be cancelled upon effectiveness. The transferor entity will be dissolved without winding up, and all assets and liabilities will be transferred to Tata Steel.
- Axiscades Technologies Ltd
Axiscades Technologies Limited has officially completed the transfer of its Engineering Services business—encompassing Heavy Engineering, Automotive, and Energy sectors—to Akkodis India, Akkodis UK, and Akkodis Inc., effective October 1, 2026. Upon closing, the company received USD 11.76 million. The transaction structure includes holdback provisions of approximately USD 3.31 million and USD 0.8 million, pending the transfer of specific business contracts and the repayment of an existing bank facility. An amendment agreement signed on September 25, 2026, refined operational terms without changing the overall transaction value.
- Hindusthan Insulators & Industries Ltd
Hindusthan Insulators & Industries Ltd reported a significant financial turnaround for the quarter ended September 30, 2026, posting a net profit of Rs 55.37 crore compared to a loss of Rs 43.30 crore in the same period last year. Revenue from operations more than doubled to Rs 171.35 crore. The company also announced the resignation of Shailendra Jhalani as CFO, who has been appointed as a Whole-time Director and Deputy Managing Director. Additionally, the board approved an increase in the authorized share capital to Rs 121 crore and is evaluating the strengthening of its Gwalior conductor unit.
- Hawa Engineers Ltd
Hawa Engineers Ltd reported its unaudited financial results for the quarter and half-year ended September 30, 2026. For the September quarter, revenue from operations stood at Rs 20.93 crore, compared to Rs 31.53 crore in the same period last year. Profit after tax (PAT) for the quarter was Rs 0.57 crore, against Rs 0.53 crore in the year-ago quarter. The company's board approved these financial results and the limited review report provided by the statutory auditor, which contained an unmodified opinion.
- Pranav Constructions Ltd
Pranav Constructions Limited reported its unaudited financial results for the quarter ended June 30, 2026. The company posted a consolidated profit of Rs 14.38 crore, up from Rs 9.87 crore in the corresponding quarter of the previous year. Revenue from operations stood at Rs 164.54 crore compared to Rs 142.16 crore in the same period last year. The company also clarified that its Initial Public Offer (IPO), which was completed subsequent to the quarter-end, involved the issuance of over 2.5 crore shares at an issue price of Rs 124 per share, with the company listing on exchanges in September 2026.
- TeleCanor Global Ltd
TeleCanor Global Ltd announced audited financial results for the year ended March 31, 2026, reporting a substantial increase in revenue from operations to Rs 16.30 crore compared to Rs 3.99 crore in the previous year. Despite top-line growth, net profit declined to Rs 12.24 lakh from Rs 76.56 lakh, significantly impacted by net exceptional items totaling Rs 7.06 crore. The statutory auditor issued an unmodified opinion but included emphasis of matter paragraphs regarding pending tax filings, documentation gaps in export transactions, and long-term trade receivables recovery.
- Manipal Payment and Identity Solutions Ltd
Manipal Payment and Identity Solutions Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a consolidated net profit of Rs 777.02 million, showing significant growth over the corresponding quarter of the previous year. Revenue from operations for the quarter stood at Rs 4,189.56 million. Additionally, the Board approved the ratification and amendment of the MCT Employee Stock Option Plan 2024, renaming it to the 'MPi Employee Stock Option Plan 2024', and initiated a postal ballot process for member approval.
- Rajasthan Tube Manufacturing Company Ltd
Rajasthan Tube Manufacturing Company Limited released its audited standalone financial results for the year ended March 31, 2026. The company reported a net profit of Rs 1.24 crore (Rs 123.69 lakh) compared to Rs 0.49 crore (Rs 48.73 lakh) in the previous year. Revenue from operations declined to Rs 17.01 crore (Rs 1,700.64 lakh) from Rs 56.34 crore (Rs 5,634.08 lakh). The auditor expressed qualifications regarding certain disputed statutory dues under tax laws. The company has filed the required Statement on Impact of Audit Qualifications.
- BF Utilities Ltd
BF Utilities Ltd reported audited consolidated revenue of Rs 947.98 crore for the year ended March 31, 2026, with a net profit of Rs 340.12 crore. However, the report is overshadowed by an 'Adverse Opinion' from statutory auditors G.D. Apte & Co., citing significant uncertainties regarding subsidiary liabilities, ongoing arbitration over exit options, and concerns about the 'going concern' status of Nandi Highway Developers Ltd. Additionally, the company announced the retirement of the current auditor and the appointment of Kirtane & Pandit LLP as statutory auditors for a five-year term, subject to shareholder approval.
- Vipul Ltd
Vipul Ltd has released its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. On a consolidated basis, the company reported an annual revenue of Rs 87.91 crore and a net loss of Rs 8.43 crore. The independent auditor's report contains a modified opinion, highlighting several material concerns including uncertainties over the recovery of significant project advances, loans, and non-confirmation of trade receivables. Additionally, the board has not recommended any dividend for the year and announced the appointment of new cost and internal auditors. Shareholders should closely monitor these audit qualifications and ongoing litigation.
- Anand Seamless Ltd
Anand Seamless Ltd (BSE: 544944) reported strong FY26 performance with revenue from operations growing 66.9% YoY to Rs 56.0 crore (Rs 5,600.4 lakh). EBITDA rose 73.3% to Rs 10.2 crore (Rs 1,022.0 lakh), with margins improving to 18.2%. PAT increased by 106.7% to Rs 5.5 crore (Rs 547.8 lakh), compared to Rs 2.7 crore (Rs 265.1 lakh) in FY25. The company recently consolidated its manufacturing operations at its Kadi facility. Shareholders should monitor the impact of this operational consolidation and ongoing expansion into critical industrial segments like oil & gas and power.
- WPIL Ltd
WPIL Ltd has formally notified the exchange of an upcoming physical investor meeting scheduled for October 07, 2026, with Kriis Portfolio in Kolkata. The company confirmed that no Unpublished Price Sensitive Information (UPSI) is intended to be discussed during this interaction. This intimation is provided in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparent communication regarding stakeholder engagement.
- Manipal Payment and Identity Solutions Ltd
Manipal Payment and Identity Solutions reported consolidated revenue of ₹419 crore for Q1 FY27, a 48% YoY increase. Reported PAT grew significantly by 129% YoY to ₹77.7 crore. The company's performance was driven by 22% growth in core business revenue and a 2.3x surge in emerging segments, which now contribute 37% of total revenue. International business has scaled to 15.3% of revenue, up from 3.9% in the year-ago quarter. Operating leverage and lower finance costs supported the margin expansion despite raw material price headwinds.
- Trident Lifeline Ltd
Trident Lifeline Ltd has notified the stock exchange of a scheduled virtual meeting with institutional investor Lucky Investments on October 3, 2026. The session, arranged by Neo Atlas Capital Advisory LLP, is set to occur from 2:00 P.M. to 3:00 P.M. The company has explicitly stated that discussions will be limited to publicly available information, with no Unpublished Price-Sensitive Information (UPSI) intended to be shared. This routine disclosure complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Garware Hi-Tech Films Ltd
Garware Hi-Tech Films Ltd has announced an upcoming series of one-on-one, in-person meetings with institutional investors, organized by Motilal Oswal Financial Services. The meetings are scheduled to occur in Singapore from October 7, 2026, to October 9, 2026. Senior management from the company is set to participate in these discussions. The company has explicitly stated that no unpublished or price-sensitive information will be disclosed or discussed during these sessions. This schedule is tentative and subject to change due to operational exigencies.
- Himalaya Nutravedics India Ltd
Himalaya Nutravedics India Ltd reported robust FY26 financial results with revenue from operations reaching Rs 43.07 crore (Rs 4,306.8 lakh), up 105.1% YoY. EBITDA increased 171.0% to Rs 8.10 crore (Rs 810.3 lakh), while PAT surged 231.1% to Rs 7.39 crore (Rs 739.0 lakh). The company is strategically shifting its business model towards a high-margin own-brand portfolio, which now contributes 51.1% of total revenue. Key operational highlights include a pan-India presence across 17+ states and an upcoming focus on scaling D2C and omni-channel sales channels to capture broader market demand.
- Tech Mahindra Ltd
Tech Mahindra Ltd has formally announced its quarterly earnings conference call to discuss the company's audited standalone and consolidated financial results for the second quarter ended 30th September 2026. The call is scheduled for 15th October 2026 at 6:00 p.m. (IST). Management will host the session to present performance details and conduct a Q&A with analysts and investors. Dial-in and registration details have been provided for participants to access the conference. This filing serves as a routine procedural intimation under SEBI Listing Regulations.
- Vishnu Chemicals Ltd
Vishnu Chemicals Ltd has informed the stock exchanges regarding its schedule for upcoming Analyst and Institutional Investor meetings. The sessions are slated to be held in a one-on-one format in Mumbai from October 7, 2026, to October 9, 2026. The company has clarified that no Unpublished Price Sensitive Information (UPSI) will be shared during these interactions. This disclosure is a routine procedural update required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Transport Corporation of India Ltd
TCI board approved a share buyback of up to 1,562,500 equity shares (approx. 2.03% of paid-up capital) at INR 960 per share, totaling up to INR 150 crore via the tender offer route. The record date for the buyback is October 9, 2026, with promoters opting out of the participation. Additionally, the company plans to incorporate a wholly owned subsidiary in China with a financial commitment of up to USD 2 million to expand its international logistics network and the India-China-Far East trade corridor.
- Emami Ltd
Emami Ltd's board of directors has approved an open-market share buyback of up to Rs 282 crore (Rs 28,200 lakh) at a maximum price of Rs 475 per share. The company intends to purchase up to 59.37 lakh equity shares, representing approximately 1.36% of its total paid-up equity capital. The company has set a minimum buyback size of 75% of the allocated amount, equating to Rs 211.5 crore. This capital allocation strategy, approved on September 17, 2026, aims to return value to public shareholders, with a designated Buyback Committee established to oversee the process.
- Advanced Enzyme Technologies Ltd
Advanced Enzyme Technologies Limited has formally extinguished 825,028 fully paid-up equity shares, each with a face value of Rs 2, as part of its ongoing open market share buyback program. The extinguishment was completed on September 2, 2026, covering shares purchased during August 2026. The company has filed the necessary certificates and debit confirmations from Central Depository Services (India) Limited with the stock exchanges, confirming compliance with SEBI Buy-Back Regulations. This update confirms the procedural reduction in equity capital following the buyback execution.
- Great Eastern Shipping Company Ltd
The Great Eastern Shipping Company has announced the commencement of its share buyback program effective September 4, 2026. The company plans to acquire equity shares via the open market route for a total amount not exceeding Rs 900 crore. The maximum buyback price is set at Rs 1,530 per share. This program excludes promoters and shareholders belonging to the promoter group. The move follows the board's approval on August 27, 2026, and a public announcement dated August 29, 2026. Shareholders should monitor the market for execution of the buyback.
- Man Infraconstruction Ltd
Man Infraconstruction Limited’s board has approved the buyback of up to 99,00,000 equity shares at a maximum price of Rs 171 per share, involving an aggregate outlay of Rs 169.29 crore. The buyback will be conducted via the open market route through the stock exchanges, excluding promoters and persons acting in control. This initiative represents approximately 2.45% of the company’s existing paid-up equity capital. The company has constituted a Buyback Committee to oversee the execution of the process in accordance with regulatory norms. This move serves to return capital to public shareholders.
- Great Eastern Shipping Company Ltd
The Great Eastern Shipping Company Limited's board has approved the buyback of fully paid-up equity shares via the open market route. The buyback has a maximum size of ₹900 crore at a maximum price of ₹1,530 per share. This indicates an intention to repurchase approximately 58.82 lakh shares, or 4.12% of the total paid-up equity capital. The company is committed to utilizing at least 75% of the allocated amount (minimum ₹675 crore). Promoters are ineligible to participate in this open market offer. Investors should track the public announcement for specific timelines and process details.
- Advanced Enzyme Technologies Ltd
Advanced Enzyme Technologies has approved a buyback of equity shares via the open market route. The company has set a maximum buyback price of ₹500 per share, with an aggregate buyback size capped at ₹69.7 crore. This board-approved initiative aims to utilize the company's internal accruals and cash balances, ensuring no reliance on borrowed funds. The buyback is expected to involve up to 1.39 million shares, representing approximately 1.24% of the total paid-up equity shares. Investors should monitor the progress as the company navigates regulatory requirements, with the buyback explicitly excluding promoter and promoter group participation.
- Advanced Enzyme Technologies Ltd
Advanced Enzyme Technologies released financial results for the quarter ended June 30, 2026, reporting a consolidated net profit of ₹38.59 crore on a revenue of ₹189.79 crore. The Board approved a share buyback program of up to ₹69.70 crore at a maximum price of ₹500 per share. The company also announced the acquisition of the remaining 4.28% stake in JC Biotech Private Limited to make it a wholly owned subsidiary, alongside a fund infusion of up to ₹2.00 crore into its subsidiary, Advanced Nutrazyme Private Limited. These moves reflect a focus on capital management and corporate structure optimization.
- Nitin Castings Ltd
Nitin Castings Ltd has concluded its voluntary delisting process via the Reverse Book Building Process (RBBP) conducted between August 5 and August 11, 2026. The discovered price has been set at Rs 300.00 per share, surpassing the floor price of Rs 273.36. With 7,53,984 shares successfully tendered, the promoter group's shareholding has increased to 90.73% of the remaining shares, meeting the 90% regulatory threshold. The final success of the delisting is now contingent upon the formal acceptance of the discovered price by the acquirers.
- Haryana Financial Corporation Ltd
Haryana Financial Corporation Ltd has announced a voluntary delisting offer as it initiates liquidation proceedings. The State Government of Haryana, acting as the promoter, aims to acquire the remaining 1,319,900 equity shares held by the public, representing 0.64% of the share capital. The corporation has ceased loan sanctions since 2010 and is no longer considered a going concern. Shareholders are being offered an exit opportunity, with a provision for tendering shares for up to two years post-delisting. The exit price will be determined under SEBI regulations appropriate for an entity in wind-down mode.
- Nitin Castings Ltd
Nitin Castings Ltd has issued a detailed public announcement for the voluntary delisting of its equity shares from BSE. The delisting offer, initiated by the promoter group who collectively hold 71.39% of the equity, includes a floor price of ₹273.36 per share. The bidding process for public shareholders is scheduled to occur from August 5, 2026, to August 11, 2026. The company recently received in-principle approval from BSE. This development marks a significant transition, and shareholders should closely monitor the delisting timeline and the reverse book-building process.
- Jindal Photo Ltd
Jindal Photo Limited has issued an update regarding its ongoing voluntary delisting process from the BSE and NSE. The promoter group, comprising Concatenate Power Advest Private Limited and Concatenate Advest Advisory Private Limited, along with Jindal India Power Limited as the Person Acting in Concert (PAC), appointed ICON Valuation LLP as the Registered Valuer. The valuation report has established a floor price of Rs 1,119.50 per equity share. Based on this, the Acquirers have set an indicative offer price of Rs 1,120 per equity share for the delisting proposal.
- Jindal Photo Ltd
Jindal Photo Limited's promoter group, including Concatenate Power Advest Private Limited and Concatenate Advest Advisory Private Limited, alongside Jindal India Power Limited, has announced an intention to voluntarily delist the company from BSE and NSE. The acquirers propose to acquire 2,646,183 equity shares, representing 25.80% of the paid-up equity share capital, from public shareholders. The delisting will be executed through a reverse book building process. Key conditions include board and shareholder approval, and the offer is subject to the acceptance of the discovered price by the acquirers. This move aims to provide an exit opportunity for public shareholders.
- Ras Resorts & Apart Hotels Ltd
Ras Resorts and Apart Hotels is subject to a delisting offer by promoters to acquire up to 9,21,582 equity shares. The shares have a face value of ₹10.00.
- KEI Industries Ltd
KEI Industries announced Q3 FY26 results: PAT up 42.5% YoY. Declared ₹4.50 interim dividend. Approved voluntary delisting from CSE.
- Tulive Developers Ltd
Tulive Developers' promoters propose voluntary delisting from BSE, setting a floor price of ₹719.30 and indicative offer price of ₹750.
- Syncom Formulations India Ltd
Syncom Formulations (India) Limited has confirmed that shareholders at its 38th Annual General Meeting held on September 30, 2026, approved a final dividend of Rs 0.10 (10%) per equity share of Rs 1 each for the financial year 2025-26. The dividend is payable to shareholders as of the record date, September 23, 2026. Payments will be credited directly to the registered bank accounts of eligible shareholders within the prescribed time frame.
- Xtglobal Infotech Ltd
Xtglobal Infotech Limited has announced the successful completion of its interim dividend payment for the financial year 2026-27. The company distributed a dividend of Rs 0.05 per equity share of face value Rs 1/- to shareholders eligible as of the record date, September 23, 2026. The payment was processed through applicable electronic modes. This filing serves as an official confirmation of the disbursement, following the company's prior dividend declaration.
- Shraddha Prime Projects Ltd
Shraddha Prime Projects Ltd has announced the outcome of its board meeting regarding a rights issue. The company plans to issue 6,060,150 equity shares at a price of Rs. 160 per share, aggregating to Rs. 96.96 crore. The entitlement ratio is fixed at 3 new equity shares for every 20 existing shares held as of the record date. The company has designated October 15, 2026, as the record date for determining shareholder eligibility. Additionally, the company appointed GYR Capital Advisors Private Limited as the new merchant banker for the issue.
- Commercial Syn Bags Ltd
Commercial Syn Bags Ltd has announced that shareholders approved a final dividend of Rs 0.50 per equity share (5% on a face value of Rs 10) for the financial year 2025-26 at the 42nd Annual General Meeting held on September 29, 2026. The dividend is applicable to members recorded in the register or as beneficiaries per CDSL/NSDL records as of the cut-off date, September 22, 2026. The company stated that payments will be credited directly to the shareholders' registered bank accounts within the prescribed timeframe.
- AvenuesAI Ltd
AvenuesAI Ltd (formerly Infibeam Avenues Limited) has set Tuesday, October 13, 2026, as the record date for the consolidation of its equity shares. The board has approved the consolidation of 10 existing equity shares with a face value of Re 1 each into 1 fully paid-up equity share with a face value of Rs 10 each. This corporate action is a technical restructuring of the company's capital and does not impact the total value of shareholders' holdings. Investors should note this date for eligibility regarding the consolidation process.
- Him Teknoforge Ltd
Him Teknoforge Ltd has confirmed the approval of a dividend of Rs. 0.80 per equity share (40%) for the financial year ended March 31, 2026. This dividend was approved by shareholders during the company's 55th Annual General Meeting held on September 30, 2026, following the recommendation made by the Board of Directors on September 4, 2026. The dividend is applicable to equity shares with a face value of Rs. 2 each.
- New Swan Multitech Ltd
New Swan Multitech Ltd has officially confirmed that shareholders at the 12th Annual General Meeting held on September 30, 2026, approved a final dividend of Rs 0.50 per equity share for the financial year ended March 31, 2026. This payout represents 5% of the equity share face value of Rs 10. The dividend is payable to shareholders of record as of September 23, 2026. The company stated that payments will be processed within 30 days from the date of the AGM approval.
- Tandhan Industries Ltd
At the 42nd Annual General Meeting held on September 30, 2026, Tandhan Industries Ltd shareholders approved a dividend of ₹0.01 per equity share, having a face value of ₹10 each, for the financial year ended March 31, 2026. The payout applies to eligible members as of the record date on September 23, 2026. The company stated that dividend payments will be processed within 30 days of the meeting date. This action aligns with the board recommendation from September 7, 2026.
- Richfield Financial Services Ltd
Richfield Financial Services Ltd has allotted 14,110 secured, unlisted, redeemable Non-Convertible Debentures (NCDs) (Series VI) on a private placement basis. The total issuance value is Rs 1.41 crore (Rs 1,41,10,000). The debentures are issued at par with a face value of Rs 1,000 each. The issuance includes five different investment options with varying tenures ranging from 400 days to 68 months, coupon rates between 11.25% and 12% for interest-bearing options, and zero-coupon cumulative structures. These instruments are secured by a first-ranking pari passu charge on all present and future movable assets of the company.
- Fredun Pharmaceuticals Ltd
Fredun Pharmaceuticals Ltd has allotted 1,82,400 equity shares to 10 non-promoter allottees following the exercise of 60,800 convertible warrants. These warrants, originally issued on December 29, 2025, at an issue price of Rs 1,250 per warrant, were adjusted due to the company's 1:2 bonus issue. Each warrant now entitles the holder to three equity shares upon payment of the balance consideration. The board approved this allotment on October 3, 2026, confirming the receipt of funds and finalizing the conversion process for these instruments.
- Craftroot Retail Ltd
Craftroot Retail Limited has approved a fundraising plan of Rs 22 crore through the preferential issue of 2 crore convertible warrants at a price of Rs 11 each. The company also approved increasing its authorized share capital from Rs 3.5 crore to Rs 23.5 crore. The warrants, issued to 14 allottees including promoters and public entities, require 25% upfront payment with the remainder due upon exercise within 18 months. Shareholders will vote on these proposals at an Extra-Ordinary General Meeting (EGM) scheduled for November 05, 2026, with a relevant date set for October 06, 2026.
- GDL Leasing & Finance Ltd
GDL Leasing & Finance Ltd has received shareholder approval at its 33rd Annual General Meeting held on September 30, 2026, for the preferential issuance of up to 30,00,000 warrants convertible into equity shares. The warrants will be issued to persons belonging to the Non-Promoter Group. This development confirms the company's progression with its previously disclosed capital-raising plan intimated on September 4, 2026. This approval serves as a key procedural step for the company's equity capital strategy during the financial year 2025-26.
- Muthoot Capital Services Ltd
Muthoot Capital Services Ltd has approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures (NCDs) on a private placement basis, totaling up to Rs 200 crore. The NCDs carry a coupon rate of 9.25% per annum, payable monthly, with a 36-month tenor maturing in October 2029. The issuance features a bullet principal repayment structure and is secured by a pari passu charge on standard loan receivables and current assets with a minimum asset coverage ratio of 1.1x. The coupon rate includes a credit-rating-linked step-up/step-down mechanism.
- Pearl Green Clubs and Resorts Ltd
Pearl Green Clubs and Resorts Ltd has approved a preferential issue of up to 1,164,000 equity shares at Rs 120 per share, aiming to raise an aggregate of approximately Rs 13.97 crore. The board has also convened an Extraordinary General Meeting (EGM) on October 31, 2026, to seek shareholder approval for this fundraising. The shares are proposed to be allotted to 13 non-promoter entities. The company has appointed a scrutinizer for the e-voting process. This development is subject to further regulatory and shareholder approvals.
- SIS Ltd
SIS Limited has announced the allotment of 5,693 equity shares, each with a face value of INR 5, following the exercise of employee stock options. This allotment increases the company's paid-up share capital to INR 70.68 crore, divided into 14,13,51,916 equity shares. This routine corporate action reflects the conversion of stock options into equity as per the company's existing Employee Stock Option Plan.
- Jaro Institute of Technology Management and Research Ltd
Jaro Institute of Technology Management and Research Ltd has allotted 6,973 fully paid-up equity shares of face value Rs 10 each to eligible employees following the exercise of options under the Jaro Education Employee Stock Option Plan 2022. The allotment was made at an exercise price of Rs 10 per share with no premium. Following this issuance, the company's total issued share capital stands at Rs 22.28 crore, comprising 22,277,360 equity shares. The shares have been issued in dematerialized form.
- Diamond Power Infrastructure Ltd
Diamond Power Infrastructure Limited announced the appointment of Mr. Ashwani Saraf as the Chief Operating Officer and Senior Management Personnel, effective October 3, 2026. Simultaneously, Mr. Kalpesh Patel has ceased to be the Chief Operating Officer and Senior Management Personnel of the company, citing health reasons. Mr. Saraf brings over 30 years of manufacturing operations experience, previously holding leadership roles at JJLAPP, LAPP India, and within the Usha Martin Group. This management change follows the board's approval on October 3, 2026.
- Clara Industries Ltd
Clara Industries Ltd has announced the retirement of Mr. ManMohan Singh, an Independent Director, following the completion of his five-year tenure. The cessation of his directorship became effective from September 29, 2026. The company has formally acknowledged his contributions during his association. This is a standard corporate governance update related to the natural conclusion of a board term.
- Clara Industries Ltd
Clara Industries Ltd has announced the appointment of Ms. Noor Kukreja as a Non-Executive Director and Chairperson, effective September 29, 2026. The appointment was approved by shareholders at the company's 5th Annual General Meeting held on the same date. Ms. Kukreja, who possesses an academic and managerial background, is the daughter of Managing Director Parry Kukreja and Executive Director Nikhil Kukreja. The company has confirmed that the new appointee is not debarred by SEBI or any other regulatory authority from holding the position.
- Clara Industries Ltd
Clara Industries Ltd has announced the re-appointment of Ms. Parry Kukreja as the Managing Director of the company. The re-appointment was approved by members at the 5th Annual General Meeting held on September 29, 2026, and is effective for a term of five consecutive years from the date of approval. The company has confirmed that Ms. Kukreja possesses extensive experience in executive leadership and corporate management, and she is not debarred from holding office by any regulatory authority. This disclosure is a routine governance update in compliance with SEBI Listing Regulations.
- Clara Industries Ltd
Clara Industries Limited has announced the re-appointment of M/s Jay Gupta and Associates, Chartered Accountants (FRN: 329001E), as Statutory Auditors. The appointment, approved by shareholders during the company's 5th Annual General Meeting held on September 29, 2026, covers a term of five consecutive financial years, spanning from FY 2026–27 to FY 2030–31. The remuneration for the firm will be finalized by the Board of Directors in consultation with the auditors. This disclosure is in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
- ACME Solar Holdings Ltd
ACME Solar Holdings Limited has announced the appointment of Mr. Nikhil Dhingra as the Joint Managing Director for a five-year term, effective October 03, 2026. The appointment is subject to shareholder approval. Mr. Dhingra, who has served as the company's CEO since February 2023, will continue to hold that position, while his previous appointment as Whole-Time Director is superseded. The company highlighted his track record in leading fundraising initiatives and operational expansion during his ongoing tenure. This update reflects a formalization and continuity of the existing leadership team.
- GS Auto International Ltd
GS Auto International Ltd announced that shareholders at its 52nd Annual General Meeting, held on September 30, 2026, approved the appointment of two new Independent Directors and the appointment of new statutory and secretarial auditors. Mr. Joga Singh and Mr. Vineet Gupta have been appointed as Independent Directors for a five-year term. Additionally, M/s. Baldev Arora & Associates was appointed as the Secretarial Auditor, and M/s. C S Arora & Associates was appointed as the Statutory Auditor, each for a five-year term. These appointments are part of the company's standard corporate governance and compliance requirements.
- GS Auto International Ltd
GS Auto International Ltd informed the exchange that shareholders at its 52nd Annual General Meeting, held on September 30, 2026, approved the appointment of two Independent Directors, Mr. Joga Singh and Mr. Vineet Gupta, for five-year terms. Additionally, the company formalized the appointment of M/s. Baldev Arora & Associates as Secretarial Auditors and M/s. C S Arora & Associates as Statutory Auditors for five-year tenures, covering the fiscal years 2026-27 through 2030-31. These appointments represent standard corporate governance updates following the conclusion of the company's annual meeting.
- Space Incubatrics Technologies Ltd
The NCLT, Allahabad Bench, has admitted a petition by Avail Financial Services Limited to initiate the Corporate Insolvency Resolution Process (CIRP) against Space Incubatrics Technologies Limited. The insolvency proceedings arise from an alleged default of ₹1.19 crore (119.05 lakh). With this order, the powers of the company's Board of Directors are suspended, and the management now vests with the Interim Resolution Professional (IRP), Mr. Dinesh Chander Gupta. A moratorium is now in effect, freezing the company's assets and restricting legal actions against it. The next hearing is scheduled for July 14, 2026.
- JLA Infraville Shoppers Ltd
JLA Infraville Shoppers Limited has been admitted to the Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Bengaluru Bench. The legal proceedings, initiated by Sital Leasing and Finance Limited, concern a total financial default of ₹2.44 crore (₹243.53 lakh). With this order, the company's board and management powers are suspended and vested with the Interim Resolution Professional, Mr. Dinesh Chander Gupta. A moratorium is now in effect, restricting asset transfers and recovery actions, marking a critical transition point for the company's operational control and future financial standing.
- Kesar Enterprises Ltd-$
Kesar Enterprises Limited disclosed a petition filed by IFCI Limited under the Insolvency and Bankruptcy Code, 2016.
- Reliance Power Ltd
Reliance Power disclosed US Exim filed application alleging debt default by subsidiary SPL (US$165.41 mn), which company will contest.
- Educomp Solutions Ltd
Educomp Solutions NCLT order (Mar 13, 2026) flags failed resolution plan. SRA faces consequences as fresh process begins.
- Jaiprakash Power Ventures Ltd
Jaiprakash Power Ventures Limited disclosed an application for Corporate Insolvency Resolution Process has been filed against it, alleging a default of Rs. 511,72,82,207/-.
- Dharan Infra-EPC Ltd
NCLT admits Tata Capital Housing Finance's insolvency plea against Dharan Infra-EPC, initiating Corporate Insolvency Resolution Process.
- Oswal Overseas Ltd
Oswal Overseas Limited responded to BSE query, stating its Corporate Insolvency Resolution Process application is pending NCLT decision.
- Punj Lloyd Ltd
Punj Lloyd Ltd has informed the stock exchanges that Mr. Adhish Swaroop has resigned from his position as the Company Secretary and Compliance Officer. The resignation, tendered to pursue alternate career opportunities, was effective from the close of business hours on August 31, 2026. This disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is a standard governance update regarding key managerial personnel.
- Punj Lloyd Ltd
Punj Lloyd Ltd has announced that the first meeting of its Reconstituted Committee of Creditors (CoC) is scheduled for September 2, 2026. The meeting will take place both physically in New Delhi and through audio-visual mode. The agenda for the meeting is to discuss the way forward regarding the closure of the liquidation process for the company. This disclosure is made in accordance with the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, marking a procedural step in the firm's ongoing insolvency resolution framework.
- Punj Lloyd Ltd
Punj Lloyd Ltd has informed stock exchanges that one of its joint statutory auditors, M/s Kashyap Sikdar & Co., has resigned effective 11 August 2026. The firm cited professional preoccupation and other professional commitments as the reason for the departure. Importantly, the company has confirmed that its remaining joint statutory auditor, M/s Shah Dhandharia & Co. LLP, will continue in its role, ensuring no disruption in audit oversight. The resigning firm explicitly confirmed the absence of any adverse concerns or management-imposed limitations, providing clarity for investors regarding the nature of the resignation.
- Punj Lloyd Ltd
Punj Lloyd Ltd, currently undergoing a liquidation process as a going concern, has released its unaudited financial results for the quarter ended June 30, 2026. The company reported a standalone revenue of ₹15.86 crore with a net loss of ₹4.13 crore. On a consolidated basis, the revenue remained ₹15.86 crore, while the net loss stood at ₹7.65 crore. Additionally, the company announced key corporate governance updates, including the resignation of director Rajeev Pal and the appointment of Rahul Singh Tomar to the Board. The company also recommended the appointment of new joint statutory and cost auditors.
- Punj Lloyd Ltd
Punj Lloyd has announced a meeting of its Board of Directors scheduled for July 31, 2026. The primary agenda is to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. In line with regulatory requirements, the company also confirmed that its trading window for securities has been closed since July 1, 2026, and is set to reopen on August 2, 2026. Investors should note that the company is currently operating under the Corporate Insolvency Resolution Process (CIRP).
- Punj Lloyd Ltd
Punj Lloyd Ltd has informed stock exchanges of the resignation of M/s. SGTC & Associates as its Cost Auditor for the financial year 2018-2019. The resignation is effective as of July 17, 2026. The firm stated its ineligibility to continue as the reason for the cessation. However, the auditor has explicitly confirmed that there are no professional or other reasons connected to the company's affairs that led to this decision. Investors should monitor this transition as part of the company's ongoing audit and regulatory compliance process.
- Punj Lloyd Ltd
Punj Lloyd Limited has released its audited financial results for the year ended March 31, 2026. The company, which is currently undergoing a Corporate Insolvency Resolution Process (CIRP)/Liquidation, reported total income from operations of ₹271.92 crore, compared to ₹283.04 crore in the previous year. The net loss after tax (after exceptional items) widened significantly to ₹1,550.69 crore for the financial year ending March 31, 2026, from a net loss of ₹488.31 crore reported for the year ended March 31, 2025. Investors should note the company's ongoing liquidation status, which poses extreme risks to equity shareholders.
- Punj Lloyd Ltd
Punj Lloyd Limited has announced its financial results for the year ended March 31, 2020. The company reported a standalone net loss of ₹844.84 crore and a consolidated net loss of ₹723.32 crore for the period. These results were approved as the company undergoes liquidation following a Corporate Insolvency Resolution Process (CIRP), with Adani Infra (India) Limited emerging as the successful bidder. The statutory auditors issued a qualified opinion, citing significant issues regarding asset verification, internal controls, and overseas branch operations. The company is currently classified as a willful defaulter and faces pending investigations by various regulatory authorities.
- Shanthi Gears Ltd
Shanthi Gears Limited has announced that credit rating agency ICRA Limited has reaffirmed its credit ratings for the company's bank facilities. The long-term rating for cash credit, interchangeable, and bank fund-based limits stands at [ICRA]AA(Stable). Additionally, the short-term rating for overdraft facilities has been reaffirmed at [ICRA]A1+. The total rated amount of facilities is Rs 39 crore. This reaffirmation, disclosed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, reflects the rating agency's assessment of the company's credit instruments. Existing shareholders should note that these ratings are subject to periodic surveillance by the agency.
- Patel Retail Ltd
Patel Retail Ltd has been upgraded by Acuité Ratings & Research, with its long-term bank facilities now rated ACUITE BBB+ (Stable) and short-term facilities upgraded to ACUITE A2. The upgrade reflects the company's improved operating performance, robust financial risk profile following its IPO-led capital infusion, and successful debt reduction. While the company faces competitive retail pressures and working capital intensity, the rating upgrade acknowledges its strengthened net worth and healthier debt-coverage ratios compared to the previous fiscal year. Additionally, Acuité has withdrawn ratings on Rs 116.73 crore of proposed bank facilities at the company's request.
- Medplus Health Services Ltd
MedPlus Health Services announced that CareEdge Ratings Limited has reaffirmed the credit ratings for its material subsidiary, Optival Health Solutions Private Limited. The long-term bank facilities worth Rs 236.00 crore were reaffirmed at 'CARE A; Stable', while short-term bank facilities totaling Rs 14.00 crore were reaffirmed at 'CARE A1'. This routine credit rating update maintains the existing status for the subsidiary's debt facilities. Shareholders may note this reaffirmation as it indicates continuity in the credit profile of the company's material subsidiary.
- ACME Solar Holdings Ltd
ACME Solar Holdings Ltd announced that CRISIL Ratings has revised the outlook on its long-term bank facilities to 'Positive' from 'Stable', while reaffirming the rating at 'CRISIL AA-'. Additionally, the company disclosed that its total bank loan facilities rated by the agency have been enhanced to Rs 2500 crore, up from the previous Rs 1500 crore. This upward revision in outlook signals an improved credit perspective from the rating agency. Investors should track this development as a positive indicator of the company's strengthening credit fundamentals.
- Birla Corporation Ltd
CARE Ratings has reaffirmed the 'CARE AA; Stable' and 'CARE A1+' ratings on Birla Corporation Ltd’s bank facilities and debt instruments. The stable outlook reflects the company's sustained financial risk profile, balancing strong operating performance with planned debt-funded capital expenditure for capacity expansion. The company aims to increase its cement production capacity from 21.4 MTPA to 27.6 MTPA by FY29. While the credit profile is supported by a strong market position and integration, it remains sensitive to input cost volatility and ongoing project execution.
- Pricol Ltd
Pricol Limited has announced that credit rating agency CRISIL has reaffirmed the 'CRISIL AA-' rating for its fund-based facilities aggregating to INR 145 crore. The facility continues to be placed on 'Rating Watch with Developing Implications', consistent with the prior position. This update confirms the existing credit profile while indicating that the rating remains subject to ongoing monitoring for potential future developments. Investors should track subsequent disclosures regarding the resolution of the rating watch, as this status suggests the possibility of rating changes based on future events.
- Khadim India Ltd
Khadim India Ltd announced that CARE Ratings Limited has reaffirmed the ratings for the company's bank facilities totaling Rs 161.74 crore. While the rating for long-term facilities (Rs 151.49 crore) was reaffirmed at CARE BBB, the outlook was revised from 'Stable' to 'Negative'. Short-term bank facilities (Rs 10.25 crore) were reaffirmed at CARE A3+. The review is based on the company's operational and financial performance for FY26 and Q1FY27. The outlook change to 'Negative' is a key watch point for investors.
- AU Small Finance Bank Ltd
ICRA Ratings has reaffirmed the [ICRA] AA rating on AU Small Finance Bank's Tier-II bonds while revising the outlook from Stable to Positive. The rating agency also assigned a [ICRA] AA (Positive) rating to the bank's proposed infrastructure bonds worth Rs. 100 crore. This positive outlook revision reflects the bank's improving scale, established retail asset franchise, and consistent earnings trajectory. As of June 30, 2026, the bank reported a capital adequacy ratio of 18.9% and continues its transition toward becoming a universal bank, with completion expected in FY2027.
- Axentra Corp Ltd
Axentra Corp Ltd concluded its 34th Annual General Meeting on September 30, 2026, with shareholders approving all 14 proposed resolutions. Key outcomes include the preferential issue of equity shares (both for cash and non-cash consideration), the issuance of warrants convertible into equity shares to both promoter and non-promoter categories, and a hike in the company's authorized share capital. The meeting also resulted in the regularization of two new directors and the re-appointment of the statutory auditors. All resolutions were passed with the requisite majority.
- L&T Finance Ltd
L&T Finance Ltd has released provisional business metrics for the quarter ended September 30, 2026. The company estimates retail disbursements reached Rs 24,000 crore, reflecting a year-on-year growth of approximately 27%. The total retail loan book is estimated at Rs 1,34,500 crore, a 29% increase over the same period last year. Additionally, the company improved its retailisation metric to 99% from 98%. These figures remain subject to limited review by statutory auditors. This update reflects the company's ongoing strategy of scaling its retail portfolio, particularly within its Urban and Gold Finance segments.
- Sadbhav Engineering Ltd
Sadbhav Engineering Ltd successfully concluded its 37th AGM on September 30, 2026, with shareholders approving all nine resolutions. Major approvals include the preferential issuance of equity shares to lenders to convert debt, and to the promoter, Mr. Shashin Patel, to convert unsecured loans into equity. Shareholders also ratified the remuneration of the cost auditor, increased the authorized share capital, and appointed new non-executive independent directors. The high approval rates across all resolutions signal strong backing for these strategic capital and governance decisions.
- Hindusthan Insulators & Industries Ltd
Hindusthan Insulators & Industries Ltd announced significant financial results for the quarter ended September 30, 2026, posting a net profit of Rs 55.37 crore (Rs 5,536.71 lakh) compared to a loss of Rs 43.30 crore (Rs 4,330.03 lakh) in the year-ago quarter. The company's revenue from operations rose to Rs 171.35 crore. The board approved the appointment of Mr. Shailendra Jhalani as Deputy Managing Director and Mr. Mool Chand Gauba as an Independent Director, alongside an increase in the company's authorized share capital to Rs 121 crore.
- Hindusthan Insulators & Industries Ltd
Hindusthan Insulators & Industries reported a standalone net profit of Rs. 55.37 crore for the quarter ended September 30, 2026, marking a turnaround from a net loss of Rs. 43.30 crore in the year-ago quarter. Revenue from operations grew to Rs. 171.35 crore from Rs. 69.19 crore. The Board also approved the appointment of Mr. Shailendra Jhalani as Deputy Managing Director and Mr. Mool Chand Gauba as an Independent Director. Additionally, the company approved an increase in its authorized share capital from Rs. 108.50 crore to Rs. 121.00 crore, subject to shareholder approval.
- Hindusthan Insulators & Industries Ltd
Hindusthan Insulators & Industries Ltd has reported a strong financial turnaround for the quarter ended September 30, 2026, recording a net profit of Rs 55.37 crore compared to a net loss of Rs 43.30 crore in the same period last year. Revenue from operations reached Rs 171.35 crore. The company also announced major leadership changes, with Mr. Shailendra Jhalani resigning as CFO to assume the role of Deputy Managing Director, and Mr. Mool Chand Gauba joining as a Non-Executive Independent Director. Furthermore, the Board approved an increase in the authorized share capital to Rs 121 crore.
- Craftroot Retail Ltd
Craftroot Retail Limited's board has approved the issuance of up to 2,00,00,000 convertible warrants at Rs. 11 each, aggregating to Rs. 22 crore on a preferential basis. The board also approved increasing the company's authorized share capital from Rs. 3.50 crore to Rs. 23.50 crore. An Extra-Ordinary General Meeting (EGM) is scheduled for November 05, 2026, with October 06, 2026, set as the relevant date for the preferential issue. The warrants, convertible into one equity share each, have an 18-month tenure, with a 25% upfront payment requirement.
- RattanIndia Power Ltd
RattanIndia Power Ltd has disclosed that an Arbitral Tribunal has rendered an award in its dispute with Bharat Heavy Electricals Limited (BHEL) regarding the Amravati Phase-II Project. While the company stated that most of BHEL's claims were rejected and its own claims were allowed, the tribunal awarded a net amount of Rs 170.78 crore (Rs 1,70,78,29,532), plus interest on a partial amount, to BHEL. The company is currently evaluating the award and has indicated it may pursue legal remedies, including challenging the award in court.

























































































