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Piramal Finance Q1FY27 PAT ₹461 Cr, up 67% YoY; AUM ₹1,06,940 Cr, up 25%
Piramal Finance's Q1 FY27 PAT rose 67% YoY to ₹461 Cr. AUM grew 25% YoY to ₹1,06,940 Cr, with Retail AUM up 32% YoY to ₹91,249 Cr. NIM was 6.5%, and Cost to Income improved to 52.5%. GNPA was stable at 2.4%. The company launched its AI investor relations agent, Pia.
Varun Beverages to Establish Wholly-Owned Subsidiary for Alcoholic Beverages and JV in Tunisia
Varun Beverages will form a wholly-owned Indian subsidiary, KIVA Spirits, for alcoholic beverages and a joint venture in Tunisia for diverse beverage production. Mr. Prathmesh Mishra appointed as CEO & MD of the Indian subsidiary.
Xtranet Technologies Q1 FY27: Revenue Up 11% to ₹51 Cr, PAT Surges 77% to ₹6 Cr
Xtranet Technologies reported Q1 FY27 consolidated revenue of ₹51 crore, up 11% YoY. PAT surged 77% to ₹6 crore, with EBITDA up 89% to ₹10 crore and margins at 20.59%. The order book stands at ₹373 crore. The company targets ₹500+ crore revenue in FY27, a 35-40% growth, driven by an increasing contribution from services.
Nykaa's 14th AGM Presentation Highlights Growth, Profitability, and ESG Focus
Nykaa presented at its 14th AGM on Aug 25, 2026, highlighting strong growth projections. The company aims for substantial GMV and NSV increases by FY36E, leveraging India's booming BPC and Fashion markets. Key focus areas include retail expansion, digital capabilities, and ESG commitments. Financials show revenue crossing ₹10,000 Cr with a 3x PAT growth in FY26.
Nykaa's 14th AGM: Falguni Nayar highlights ₹10,000 Cr NSV, ₹20,000 Cr GMV in FY26, and FY30 vision
Nykaa's 14th AGM on August 25, 2026, saw Chairperson Falguni Nayar report FY26 NSV of ₹10,000 Cr and GMV of ₹20,000 Cr. The company projects scaling GMV 2.5-3x and EBITDA 4-5x by FY30. FY26 revenue grew 26% to ₹10,000 Cr, with EBITDA at ₹752 Cr. Key initiatives include AI integration and sustainability efforts.
Kalyani Forge Q1 FY27 PAT Soars 218% to ₹4.48 Cr; EBITDA Margin Hits All-Time High
Kalyani Forge reported Q1 FY27 PAT of ₹4.48 crore, up 218% YoY. EBITDA margin hit an all-time high of 16.2%, up 640 bps YoY. Total income was ₹67.07 crore. ROCE improved to 22%. The company is focused on scaling operations and converting its order pipeline to revenue.
India Ratings Downgrades Shree Renuka Sugars' NCDs and Bank Loans to 'IND A-'
India Ratings has downgraded Shree Renuka Sugars Limited's NCDs and bank loan facilities to 'IND A-' with a Negative Outlook. The downgrade is due to weaker-than-expected performance in FY26 and projected continuation into FY27, with EBITDA falling to INR1.3 billion in FY26. Net external debt rose to INR56.9 billion.
Sudarshan Chemical to Acquire Aluminium Dyes Plant from Clariant for CHF 3.915 Billion
Sudarshan Chemical Industries, via its subsidiary, has signed an agreement to acquire Clariant's aluminium dyes and chemicals manufacturing plant in Muttenz, Switzerland. The acquisition, expected to complete around January 4, 2027, aims to secure long-term continuity and control over production processes. This strategic move is intended to enhance innovation in the Aluminium Dyes portfolio.
L&T Secures Major Order for Battery Energy Storage Systems in Middle East
L&T's Renewables business has won a major order in the Middle East for three Battery Energy Storage System (BESS) projects. The projects will collectively offer 6 gigawatt-hour of storage capacity and include grid interconnections. This signifies L&T's growing role in the energy storage sector.
Netweb Technologies Raises ₹1,200 Crore Via QIP to Fund Growth and Working Capital
Netweb Technologies successfully raised ₹1,200 crore through a Qualified Institutions Placement (QIP). The funds will support working capital and anticipated growth. The QIP saw participation from major global and domestic institutional investors. The company allotted 2,505,219 equity shares at ₹4,790.00 each.
Sigma Advanced Systems inks £125m Rolls-Royce deal post-Bromford acquisition
Sigma Advanced Systems secured a new long-term contract with Rolls-Royce valued at £125 million (₹1,600 crore) through its UK subsidiary, Bromford Precision Solutions. This agreement expands the group's product offering and manufacturing capabilities in critical aerospace programmes, building on a previous £300 million contract.
Nitco Limited inks MOU for land development in Alibaug; project valued at ₹1,300-1,500 Crore
Nitco Limited, its subsidiary, and Promoter Vivek Talwar signed an MOU with HOABL Impactum Land Private Limited for joint land development in Alibaug. The project is expected to generate ₹1,300-1,500 Crore over five years. A security deposit of ₹9 Crore has been received.
Dalmia Bharat to Save ₹127 Cr Annually as Govt Restricts Mineral Taxes
Dalmia Bharat and its subsidiaries will no longer pay Mineral Bearing Land Tax and Mineral Cess from August 22, 2026, following a government amendment. The company paid ₹127 crore in FY26 and ₹38 crore in FY27 towards these levies. This regulatory change is expected to significantly reduce annual expenses.
Fujiyama Power Systems Expands Lithium & Tubular Battery Capacity by 2 GWh
Fujiyama Power Systems approved a 1 GWh lithium battery capacity expansion at Ratlam (₹5 crore investment) and a 1 GWh tubular battery facility at Hathras (₹20 crore investment). The lithium expansion is expected by Q2 FY27, and tubular by Q3 FY27. Mr. Sunil Kumar was re-appointed as director.
Fujiyama Power Systems to expand Lithium & Tubular Batteries manufacturing capacities
Fujiyama Power Systems approved amendments to Articles of Association and re-appointed Mr. Sunil Kumar as director. The company will add 1 GWh Lithium Battery capacity at Ratlam Plant (₹5 crore investment, commissioning by Q2 FY27) and establish a 1 GWh Tubular Battery facility at Hathras (₹20 crore investment, commissioning by Q3 FY27).
Fujiyama Power Systems Expands Lithium & Tubular Battery Capacity by 2 GWh with ₹25 Crore Investment
Fujiyama Power Systems approved amendments to its Articles of Association and re-appointed Mr. Sunil Kumar as director. The company will enhance Lithium Batteries manufacturing capacity by 1 GWh at Ratlam Plant with a ₹5 crore investment, expected by Q2 FY27. A new 1 GWh Tubular Batteries facility will be established at Hathras with a ₹20 crore investment, expected by Q3 FY27.
HEG Limited Board Approves Scheme Effective Sept 1; Reconstitutes Management
HEG Limited's Board approved the Composite Scheme of Arrangement, effective September 1, 2026. The record date is September 7, 2026. Management changes include Riju Jhunjhunwala becoming Chairman & MD, and new CFO/Company Secretary appointments. The company also plans to rename itself to HEG Advanced Materials Limited.
HEG Limited Board Approves Scheme of Arrangement, Appoints New KMPs
HEG Limited's Board approved a Composite Scheme of Arrangement, effective September 1, 2026. The record date is September 7, 2026. Key appointments include Ms. Neha Rajvanshi as CFO and Shri Ravi Gupta as Company Secretary. Shri Riju Jhunjhunwala is appointed Chairman & MD. The company name will change to HEG Advanced Materials Limited.
HEG Limited Board Approves Scheme Effectiveness, Sets Record Date, Appoints New Leadership
HEG Limited's Composite Scheme of Arrangement becomes effective on September 1, 2026. A record date of September 7, 2026, is set for share issuance under the demerger and amalgamation. Key management changes include appointments of Ms. Neha Rajvanshi as CFO and Shri Ravi Gupta as Company Secretary. Shri Riju Jhunjhunwala becomes Chairman, MD & CEO.
HEG Limited Board Approves Composite Scheme of Arrangement, Sets Record Date
HEG Limited's Board approved a Composite Scheme of Arrangement, effective September 1, 2026. The record date for share entitlement is September 7, 2026. Key management changes include new CFO Neha Rajvanshi and CS Ravi Gupta. Riju Jhunjhunwala becomes MD & CEO, while Ravi Jhunjhunwala remains Non-Executive Director. Board committees and directorates are being reconstituted.
HEG Limited Board Approves Scheme Effectiveness, Sets Record Date, and Reconstitutes Board
HEG Limited's Board approved the Composite Scheme of Arrangement's effectiveness from September 1, 2026, and set September 7, 2026, as the record date. Key leadership changes include Shri Riju Jhunjhunwala's elevation to Chairman, MD & CEO. The company name is proposed to change to HEG Advanced Materials Limited.
HEG Board Approves Scheme Effectiveness, Sets Record Date, Appoints New Leadership
HEG Limited's Board approved the Composite Scheme of Arrangement's effectiveness for September 1, 2026, setting September 7, 2026, as the record date. Key management changes include Ms. Neha Rajvanshi as CFO and Shri Ravi Gupta as Company Secretary. Shri Riju Jhunjhunwala is appointed Chairman, MD & CEO. The company proposes name changes to HEG Advanced Materials Limited and HEG Limited.
HEG Ltd Board Approves Scheme Effective Date, Record Date, and Leadership Changes
HEG Limited's Board set September 1, 2026, as the effective date for its Composite Scheme of Arrangement. September 7, 2026, is the record date for share consideration. Key leadership changes include Shri Ravi Jhunjhunwala stepping down as MD & CEO of HEG to lead HEG Graphite, and Shri Riju Jhunjhunwala becoming the new MD & CEO of HEG. The company also plans to rename itself to HEG Advanced Materials Limited.
Sigachi Industries to Hold EGM on Sep 15 for Capital Increase & Preferential Allotment
Sigachi Industries will hold an EGM on September 15, 2026, to approve increasing authorized share capital to ₹60 crore and issue up to 11 crore warrants at ₹26.40 each, raising ₹290.40 crore. Funds will be used for API/excipient expansion (₹190.40 crore), working capital (₹60 crore), and general corporate purposes (₹40 crore).
HUDCO Holds 56th AGM on Aug 24, 2026; Approves Dividend & Fund Raising
HUDCO's 56th AGM was held on August 24, 2026. Key decisions included approving a 15% final dividend (₹1.50/share) for FY 2025-26 and authorizing fund raising up to ₹70,000 Crore via non-convertible bonds/debentures.
ICRA Upgrades Fineotex Chemical's Long-Term Credit Rating to AA-(Stable)
ICRA upgraded Fineotex Chemical's long-term credit rating to AA-(Stable) from A+(Positive) and reaffirmed the short-term rating at A1+. The upgrade is driven by the company's increased scale and diversification following the acquisition of a US-based oilfield chemicals group. FCL maintains a strong financial risk profile with negligible debt and robust liquidity.
Patanjali Foods Q1 FY27 Revenue Surges 29% to ₹11,337 Crore; FMCG & Edible Oils Drive Growth
Patanjali Foods reported Q1 FY27 revenue of ₹11,337 crore, up 29% YoY. Edible oil revenue was ₹8,505 crore, and FMCG revenue was ₹2,938 crore. Operating EBITDA was ₹543 crore. The company reaffirmed full-year guidance for revenue and EBITDA growth across its segments. CFO Kumar Rajesh received the Best CFO award.
Pavna Industries Approves Subsidiary Acquisition & Disinvestment
Pavna Industries will acquire a 52.38% stake in Pavna Electric Systems for cash. The company will also divest its entire 50.74% stake in Pavna Auto Engineering for ₹8.80 Crores and its 50.74% stake in Swapnil Switches for ₹2.55 Crores. The 32nd AGM is scheduled for September 21, 2026.
Pavna Industries to acquire Pavna Electric Systems, divest two subsidiaries
Pavna Industries will acquire a 52.38% stake in Pavna Electric Systems. The company will divest its entire 50.74% stake in Pavna Auto Engineering for up to ₹8.80 Crores and its 50.74% stake in Swapnil Switches for up to ₹2.55 Crores. The 32nd AGM is scheduled for September 21, 2026.
TCS Secures 5-Year Strategic Deal Worth €1.25 Billion with Porsche AG
TCS has signed a five-year strategic deal worth €1.25 billion with Porsche AG. This partnership, effective upon Porsche's acquisition of MHP, will focus on industrializing AI across Porsche's operations and delivering next-generation automotive technology services.
TCS Acquires Porsche's IT Consulting Arm MHP for €320 Million, Forges AI Partnership
TCS is acquiring Porsche's IT consulting subsidiary, MHP, for €320 million. This is part of a five-year strategic partnership with Porsche, valued at €1.25 billion, to drive AI transformation in the automotive sector. The acquisition is expected to close in 3-4 months, subject to regulatory approvals.
TCS Acquires Porsche's Consulting Arm MHP for €320 Million, Signs €1.25 Billion Deal
TCS is acquiring Porsche's consulting subsidiary, MHP, for €320 million. This is part of a strategic partnership with Porsche, which includes a five-year deal worth €1.25 billion. The acquisition aims to drive AI transformation in the automotive sector and is expected to close in 3-4 months, pending regulatory approvals.
Sanghvi Movers Holds 37th AGM, Declares ₹2 Dividend, Reports ₹1,070 Cr Revenue
Sanghvi Movers Limited held its 37th AGM on August 24, 2026. The company reported FY26 revenue of ₹1,070 crore, up 36.9%, and profit after tax of ₹184 crore, up 17.7%. A final dividend of ₹2 per equity share was recommended. The secured order book stands at ₹1,250 crore.
IZMO Q1 FY27 Revenue Up 15.7% to ₹65.38 Cr; PAT Doubles to ₹12.20 Cr
IZMO Limited reported Q1 FY27 consolidated results with revenue up 15.7% YoY to ₹65.38 Cr and Operating EBITDA up 69.6% to ₹16.39 Cr. PAT more than doubled to ₹12.20 Cr. The company added 170 new clients and maintained a 98.5% Gross Revenue Retention Rate. IZMO Microsystems sustained higher revenue levels.
PC Jeweller Shareholders Approve Capital Increase, QIP Fundraise, and MD Re-appointment
PC Jeweller Limited shareholders approved three resolutions via postal ballot. Key approvals include increasing authorized share capital, raising funds up to ₹1,000 crore through QIP, and re-appointing Shri Balram Garg as Managing Director. The voting concluded on August 23, 2026.
Ratnamani Subsidiary Secures ₹2,700 Crore Export Orders for Spools/Hangers
Ratnamani's subsidiary, Ratnamani Finow Spooling Solutions, has secured export orders worth USD 286 Million (approx. ₹2,700 Crores) for Spools/Hangers. The orders are to be executed over two to three years and will be partly manufactured by the subsidiary and partly sub-contracted.
Godrej Industries Group to Invest ₹20,000 Crore in Haryana, Creating 40,000 Jobs
Godrej Industries Group signed an MoU with Haryana Government for ₹20,000 crore investment by FY28, potentially creating 40,000 jobs. Godrej Properties will invest ₹16,000 crore, while Godrej Ventures plans ₹3,500 crore for office infrastructure in Gurugram. The Group has already invested ₹12,000 crore in Haryana.
Ceigall India Limited Secures ₹704.70 Crore EPC Contract in Arunachal Pradesh
Ceigall India Limited, as part of a joint venture, has received Letters of Acceptance for a ₹704.70 Crore EPC contract from MoRTH. The project involves road construction in Arunachal Pradesh and has a 48-month construction period plus a 5-year maintenance period.
KP Group Signs LOI with Saudi's Raz Holding Group for Strategic Investment
KP Group has signed a Non-Binding Letter of Intent with Saudi Arabia's Raz Holding Group for a potential strategic investment or collaboration. The LOI is valid until November 18, 2026, with a 90-day exclusivity period for finalizing definitive agreements.
IZMO Q1 FY27 Revenue Up 15.7% to ₹65.38 Cr, PAT Jumps 103%
IZMO Limited reported Q1 FY27 consolidated revenue of ₹65.38 crore, up 15.7% YoY. Operating EBITDA surged 69.6% to ₹16.39 crore, with margins at 25.1%. PAT more than doubled to ₹12.20 crore, and EPS rose 102.2%. The semiconductor business sustained high quarterly revenue, and digital intelligence added 170 new clients.
Piramal Finance Approves Preferential Issue of Warrants Worth ₹1,750 Crore
Piramal Finance approved a preferential issue of up to 82,94,000 warrants to Nithyam Realty Private Limited for ₹1,750.03 crore. Each warrant is convertible into one equity share at ₹2,110. An EGM is scheduled for 19th September 2026 for shareholder approval. The warrants have an 18-month tenor.
Piramal Finance Approves ₹1750 Crore Preferential Issue of Warrants to Promoter Group Entity
Piramal Finance approved the issuance of up to 82,94,000 warrants to promoter group entity Nithyam Realty Private Limited for ₹1,750.03 crore. The warrants are convertible into equity shares at ₹2,110 each. An EGM is scheduled for September 19, 2026, to seek shareholder approval. The warrants have an 18-month tenor.
GRSE expands shipbuilding capacity with ₹2670 crore investment in 3 new facilities
GRSE is investing ₹2670 crore in three new facilities for capacity expansion. The Raichak facility receives ₹2500 crore, Shalimar's Timber Pond facility ₹100 crore, and Kidderpore's Damodar facility ₹70 crore. The foundation for these projects was laid on August 23, 2026, to enhance shipbuilding capabilities.
Indian Hotels to merge Oriental Hotels; All-stock deal with 1:4.68 swap ratio
Indian Hotels (IHCL) will merge Oriental Hotels (OHL) in an all-stock deal with a 1:4.68 swap ratio. OHL shareholders receive 25 IHCL shares for every 117 OHL shares. The merger aims to simplify group structure, enhance financial profile, and add 7 hotels to IHCL's portfolio. Targeted completion by FY28.
Insolation Energy's Subsidiary Secures 99 MW Solar Project Order from MSEDCL
Insolation Energy's subsidiary received a Letter of Award for nine solar projects totaling 99 MW AC (128.7 MW DC) from MSEDCL. The projects are expected to generate ₹59.72 crore annually for 25 years, with an investment of ₹425 crore. Commissioning is expected within 18 months.
L&T Secures Ultra-Mega Gas Compression Project Contract in Middle East
L&T Energy Hydrocarbon Onshore secured an ultra-mega gas compression project contract in the Middle East. The EPC contract involves engineering, procurement, and construction of gas compression plants and associated utilities for sour gas processing. L&T's Power Transmission & Distribution business will execute two 230 kV substations.
Veranda Learning Receives NCLT Approval for Commerce Vertical Demerger
Veranda Learning Solutions Limited received NCLT approval for the demerger of its Commerce vertical into J.K. Shah Commerce Education Limited (JSCEL). JSCEL will become an independently listed company housing brands like J.K. Shah Classes. The company will announce the Record Date and listing timeline soon.
IHCL and Oriental Hotels Announce Merger: Share Exchange Ratio Set
IHCL announced the merger of Oriental Hotels Limited (OHL) through a Scheme of Arrangement. The merger involves an all-stock transaction with a share exchange ratio of 25 IHCL shares for every 117 OHL shares. Completion is targeted for H2 FY2028, with an Appointed Date of April 1, 2027. This move aims to simplify group structure and enhance value.
Indian Hotels to Amalgamate Oriental Hotels; Approves Scheme of Arrangement
Indian Hotels (IHCL) approved amalgamating its associate Oriental Hotels (OHL) into IHCL. OHL has ₹500.7 crore revenue and ₹480.5 crore net worth (FY26 audited standalone). Shareholders will receive 25 IHCL shares for every 117 OHL shares.
Oriental Hotels to merge with The Indian Hotels Company Limited
Oriental Hotels Limited will amalgamate with The Indian Hotels Company Limited (IHCL) via a Scheme of Arrangement. Approved on August 24, 2026, the deal involves a share exchange ratio of 25 IHCL shares for every 117 OHL shares. OHL's revenue was ₹500.7 crore and net worth ₹480.5 crore as of March 31, 2026.
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