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Sun Pharma Assigned Baa1 (Moody's) & BBB+ (S&P) Ratings; Organon Acquisition Key Factor
Sun Pharma received Baa1 (stable) from Moody's and preliminary BBB+ (stable) from S&P. Ratings reflect strong business/financial profile and proposed $11.75 billion Organon acquisition, expected to close by March 2027. Acquisition to boost scale, diversification, and revenue, with integration risks acknowledged. Leverage to increase temporarily, then deleverage.
Marathon Nextgen Realty Ltd. shareholders approve amalgamation scheme
Marathon Nextgen Realty Limited's Equity Shareholders and Unsecured Creditors approved a composite scheme of amalgamation and arrangement on September 7, 2026. The resolution passed with a requisite majority. Voting results and scrutinizer's reports are available on the company's website.
Marathon Nextgen Realty shareholders approve amalgamation scheme.
Marathon Nextgen Realty Limited's shareholders and unsecured creditors have approved a composite scheme of amalgamation and arrangement. The resolution passed with requisite majority in meetings held on September 7, 2026. Equity shareholders showed overwhelming support, with 99.81% of polled votes in favour. Unsecured creditors also unanimously approved.
Sammaan Capital Limited Announces 21st AGM on Sep 30, 2026; Approves ₹25,000 Cr Debenture Issuance
Sammaan Capital Limited will hold its 21st AGM on September 30, 2026, via VC/OAVM. The company plans to seek shareholder approval for issuing debentures up to ₹25,000 Crores. The AGM will also address the retirement of a director and the appointment/re-appointment of others.
Sheela Foam's 'IND AA'/Stable Rating Reaffirmed by India Ratings; Issuer Rating Withdrawn
India Ratings has reaffirmed Sheela Foam Limited's (SFL) bank loan facilities and NCDs at 'IND AA'/Stable, while withdrawing the Issuer Rating. SFL's consolidated revenue reached ₹38,208 million in FY26, with projected 10%-12% growth in FY27. Net leverage improved to 1.9x in FY26, expected below 1x by end-FY27. Debt reduced significantly to ₹7,137 million.
Canara Bank's Basel III bonds rated [ICRA]AA+(Stable) and [ICRA]AAA(Stable) by ICRA
Canara Bank's Basel III Tier I Bonds received an [ICRA]AA+(Stable) rating for ₹11,000 crore and ₹4,500 crore. Basel III Tier II Bonds were reaffirmed at [ICRA]AAA(Stable) for ₹8,500 crore. Certificates of Deposit rated [ICRA]A1+ for ₹20,000 crore. Ratings reflect strong franchise, capitalization, and improving asset quality.
Federal Bank Investor Presentation for Q1 FY27 Highlights Strong Growth & Asset Quality
Federal Bank's Q1 FY27 investor presentation highlights record net profit of ₹1,177 crore (+36.6% YoY) and decadal-best asset quality with GNPA at 1.52%. The bank's total business reached ₹5.79 lakh crore, with CASA and NRI deposits each exceeding ₹1 lakh crore. A ₹6,197 crore investment from a Blackstone affiliate is pending full conversion.
Goodluck India Q1 FY27: Revenue Up 31% to ₹1292 Cr, Profit Jumps 67% to ₹672 Cr
Goodluck India reported Q1 FY27 consolidated revenue of ₹1292 crore, up 31% YoY. Net profit rose 67% to ₹672 crore. The company secured DGQA certification and defense orders worth ₹2550 million and ₹522 million. An export order for transmission line structures valued at USD 13.6 million was also obtained.
Bank of Baroda to Sell 35% Stake in NSE for ₹769 Crore via Offer for Sale
Bank of Baroda will sell 35% of its stake in NSE, amounting to 76,90,375 shares, through an Offer for Sale as part of NSE's IPO. The sale is expected to conclude by end of September 2026. The bank received ₹76.90 crore as dividend from NSE in FY26.
Ritco Logistics Secures ₹388 Cr Business; Step-Down Subsidiary Raises ₹78.26 Cr
Ritco Logistics secured new business worth ₹388 crore in August 2026, including major contracts with HRRL (₹334 crore) and IOCL. Its subsidiary, TrucksUp, raised ₹78.26 crore in growth financing. TrucksUp also reported ₹45 crore GMV from FASTags and ₹3.50 crore in vehicle financing disbursements.
Innovision Limited Secures ₹219 Crore Toll Collection Contract from NHAI
Innovision Limited received a Letter of Award from NHAI for user fee collection and maintenance at IDTL A and IDTL B toll plazas on the Indore-Dewas section of NH-3. The 1-year contract is valued at ₹219.07 crore and was awarded on September 7, 2026.
Enviro Infra Engineers' Subsidiary Secures ₹189.99 Crore EPC Contract for 180 MW Wind Project
Enviro Infra Engineers' subsidiary, Suyog Urja Limited, secured a ₹189.99 Crore EPC contract from TATA POWER RENEWABLE ENERGY LIMITED for a 180 MW wind project in Parli, Maharashtra. The project involves WTG foundation and BoP works, to be executed by March 31, 2027.
Prabha Energy Limited Holds 17th AGM on Sep 8, 2026; Approves Fund Raising Up To ₹150 Cr
Prabha Energy Limited held its 17th AGM on September 08, 2026. Key approvals included the adoption of FY26 financial statements, re-appointment of Directors, and a Material Related Party Transaction. Notably, the company approved raising funds up to ₹150 crore via Qualified Institutions Placement.
Indo Borax Q1 FY27: Revenue Up 31% to ₹70.36 Cr, Net Profit Up 59% to ₹16.25 Cr
Indo Borax reported Q1 FY27 operating revenue of ₹70.36 crore, up 31.34% YoY. Net profit increased by 59.31% to ₹16.25 crore. The company is acquiring Kronox Lab Sciences and plans ₹50 crore Capex for Boron oxide and Boric acid expansion over 2-3 years. Full-year revenue is projected at ₹250-260 crore with a 20% EBITDA margin.
Molbio Diagnostics Q1 FY27 Income at ₹411.5 Cr, EBITDA ₹103.7 Cr vs Loss in Q1 FY26
Molbio Diagnostics reported Q1 FY27 total income of ₹411.5 crore and EBITDA of ₹103.7 crore, a significant turnaround from a loss in Q1 FY26. PAT was ₹52.7 crore. This growth was driven by test-kit consumption. Export orders of ₹57 crore were deferred and recognized in Q1 FY27. The company is focusing on scaling up, R&D, and international expansion.
Behari Lal Engineering Ltd. Q1 FY27 Revenue at ₹151.7 Cr, Up 18% YoY; IPO Lists Successfully
Behari Lal Engineering reported Q1 FY27 revenue of ₹151.7 Cr, up 18% YoY. EBITDA grew 23.4% to ₹29.7 Cr, and PAT increased 24.5% to ₹19.2 Cr. High-value products now form 60.4% of revenue. The company's IPO, subscribed 108.44x, successfully listed on August 19, 2026.
GACM Technologies to hold 31st AGM on Sep 30, 2026; approves QIP, share swap, director reappointments
GACM Technologies Limited will hold its 31st AGM on September 30, 2026. The meeting will approve FY26 financial statements, re-appoint auditors, and re-appoint directors Jonna Venkata Tirupati Rao and Srinivas Maya. The company will also consider increasing authorized share capital to ₹1,000 crore, raising up to ₹200 crore via QIP, and a share swap for acquiring a stake in WEXL Edu Limited.
RCOM Subsidiary & Promoter Classified as Wilful Defaulters by Canara Bank
Reliance Telecom Limited (RTL), a subsidiary of RCOM, and RCOM's promoter (as erstwhile Chairman & Director) have been classified as 'Wilful Defaulters' by Canara Bank. This was communicated on September 7, 2026, based on a decision dated August 31, 2026. Both entities are in CIRP, awaiting NCLT approval for resolution plans.
KMEW Board Approves ₹500 Cr NCD Issue, Share Split, and FY26 Board Report
KMEW's Board approved a ₹500 crore NCD issuance and a 5-for-1 stock split. The 11th AGM is scheduled for September 30, 2026. The Board also approved the FY26 Board Report and amended the MoA for the share split.
PC Jeweller Repays Debt to 1 More Bank, Nearing Debt-Free Status
PC Jeweller Limited has repaid outstanding debt to one more bank as per a September 30, 2024 settlement. The company has now cleared debt with 10 of 14 banks and over 96% of debt with the remaining 4. It aims to be debt-free this month, strengthening its financial position.
Vishnu Chemicals & DCX Chrome Form 50/50 JV for Greenfield Chromium Plant in Vizag
Vishnu Chemicals and France's DCX Chrome have formed a 50/50 joint venture to set up a greenfield chromium metal plant in Visakhapatnam, India. The facility will have a capacity of 6,000 MTPA, aiming to reduce import reliance and serve aerospace, defense, and energy sectors. This strategic partnership combines VCL's manufacturing strength with DCX's technology.
Biocon Secures 10-Year Pertuzumab Supply Contract in Brazil
Biocon Limited secured a 10-year supply contract for Pertuzumab in Brazil via a partnership with Bahiafarma and Bionovis. The consortium received 100% allocation under Brazil's PDP program, granting exclusive access to 70% of the country's demand. Biocon will receive milestone payments and revenue share over 10 years.
Shiprocket Q1 FY27 Revenue Up 34% YoY to ₹5,921 Mn, Adj. EBITDA ₹89 Mn
Shiprocket Limited's Q1 FY2027 results show a 34% YoY revenue increase to ₹5,921 million. Core business revenue grew 22% to ₹4,117 million, and emerging business revenue surged 70% to ₹1,804 million. Adjusted EBITDA rose approximately 9x YoY to ₹89 million. The company processed 216 million transactions.
Visagar Polytex Board Approves Capital Restructuring and Preferential Issue
Visagar Polytex's Board approved a capital restructuring including share capital reduction and consolidation (100:1 ratio) to write off losses. They also approved a preferential issue of 3 crore equity shares and 3 crore warrants to raise capital. The 43rd AGM is scheduled for September 30, 2026. Ms. Riddhi Kishor Trivedi appointed as new Statutory Auditor.
Solarworld forms JV for 2.4 GW solar cell facility, reallocates IPO funds
Solarworld Energy Solutions will invest ₹100 crore and provide a ₹320 crore loan for a 2.4 GW solar cell manufacturing JV in Madhya Pradesh. The company is reallocating ₹420 crore of IPO funds from a previous subsidiary investment to this new joint venture. The Board approved the AGM notice for shareholder approval.
Solarworld Forms JV for 2.4 GW Solar PV Cell Facility, Reallocates IPO Funds
Solarworld Energy Solutions forms a 50:50 joint venture with Rays Power Infra for a 2.4 GW solar PV cell manufacturing facility in Madhya Pradesh. The company will invest up to ₹100 crore and provide a loan of ₹320 crore. Unutilized IPO proceeds of ₹420 crore will fund this venture. Trading window closes from September 7, 2026, pending AGM results.
Solarworld Forms JV for 2.4 GW Solar PV Cell Plant, Reallocates IPO Funds
Solarworld will invest up to ₹100 crore in Rays Green to form a 50:50 joint venture for a 2.4 GW solar PV cell manufacturing facility. The company will also provide a loan of up to ₹320 crore. IPO funds originally for a subsidiary are being reallocated to this new venture. The trading window is closed for the upcoming AGM.
NCLT Approves Composite Scheme of Arrangement for Bhagyanagar India Ltd.
NCLT Hyderabad has approved a composite scheme of arrangement for Bhagyanagar India Limited (BIL). The scheme involves the amalgamation of Bhagyanagar Copper Private Limited (BCPL) with BIL, and the subsequent demerger of a business undertaking into Tieramet Limited. BIL shareholders will receive Tieramet shares, which will be listed on exchanges.
SML Mahindra Limited Shareholders Approve Key Related Party Transactions
SML Mahindra Limited shareholders approved two ordinary resolutions via postal ballot. These resolutions concern the acquisition of Mahindra & Mahindra's truck and bus division on a slump sale basis and other material related party transactions. Both resolutions were passed with a requisite majority on September 6, 2026.
Happiest Minds to Merge with ITC Infotech, Accelerating $1B Revenue Goal to FY28
Happiest Minds Technologies will merge with ITC Infotech, accelerating its USD 1 billion revenue target to FY28. Promoter Ashok Soota will divest 22.1% stake for ₹1,330 crore. Shareholders will receive 25 ITC Infotech shares for every 81 Happiest Minds shares. The combined entity targets ₹7,033 crore revenue by FY26, ranking it 11th in India.
Sadbhav Engineering announces 37th AGM on Sep 30, 2026; approves preferential issue of ₹135.24 Cr
Sadbhav Engineering will hold its 37th AGM on September 30, 2026. The company plans to increase authorized share capital to ₹100 Crore. It will issue equity shares worth ₹135.24 Crore to lenders via preferential allotment and ₹68 Crore to promoter Mr. Shashin Patel by converting unsecured loans.
Anupam Rasayan to acquire 2.6 lakh Tanfac shares worth ₹60.88 Cr; approves 23rd AGM.
Anupam Rasayan's Board approved the 23rd AGM on Sept 30, 2026, and set Sept 18 as the record date for dividend. Ms. Hetvi Vyas appointed Deputy CFO. The company will acquire 2.6 lakh shares of Tanfac Industries for ₹60.88 crore via preferential issue.
Vertoz Limited to hold 15th AGM on Sep 29, 2026, approves preferential issue.
Vertoz Limited will hold its 15th AGM on Sep 29, 2026, via VC/OAVM with e-voting from Sep 26-28. The AGM will consider FY26 financial statements, re-appoint directors, and approve a ₹101 Crore preferential issue to acquire Tavento Labs Inc. through a share swap. Authorized capital will increase to ₹122.95 Cr.
PNB Housing Finance Approves Issuance of ₹10,000 Crore NCDs
PNB Housing Finance's Board approved issuing Non-Convertible Debentures (NCDs) up to ₹10,000 crore via private placement. Mr. Anubhav Rajput's tenure as CIO was extended to September 30, 2026. The NCDs will be listed on NSE and BSE.
REC Limited Issues India's First Tokenized Corporate Bonds Worth ₹500 Crore
REC Limited successfully issued India's first tokenized corporate bonds worth ₹500 Crore under SEBI's Regulatory Sandbox. The issue was oversubscribed by 8x, with a coupon rate of 7.30% for 1 year 9 months. This marks a significant advancement in India's capital markets, enabling faster settlement and enhanced transparency.
J.G. Chemicals Announces 25th AGM on Sep 30, 2026, Encloses FY26 Annual Report
J.G. Chemicals will hold its 25th AGM on September 30, 2026. The company reported record FY26 results: revenue of ₹972.9 crore, EBITDA of ₹97.9 crore, and PAT of ₹68.6 crore. Expansion includes a ₹100 crore Dahej plant, targeting 122,000 MTPA capacity by FY29 with zero debt. Non-tyre revenue target is 30% within 3-4 years.
Silver Touch Technologies Q1FY27 Revenue Surges 23.45% YoY to ₹78.02 Cr; PAT Jumps 148%
Silver Touch Technologies reported Q1 FY27 consolidated revenue of ₹78.02 crore, up 23.45% YoY. EBITDA grew 89% to ₹17.04 crore, and PAT surged 148% to ₹10.01 crore. The company highlighted a shift towards software and AI solutions, with a significant reduction in stock-in-trade purchases.
India Ratings Affirms M&M's Debt Instruments at 'IND AAA'/Stable, 'IND A1+'
India Ratings has affirmed Mahindra & Mahindra's debt instruments at 'IND AAA'/Stable and 'IND A1+'. The affirmation is based on M&M's strong market position, robust FY26 revenue growth of ₹1,770 billion, and stable EBITDA margins. The company maintains a strong credit profile with low leverage and expects continued strong credit metrics.
AU Small Finance Bank: AGM Approves FY26 Financials, Dividend, Director Re-appointment, and Fundraising
AU Small Finance Bank's 31st AGM on September 5, 2026, saw shareholders approve FY26 financials and a ₹1 dividend per share. Re-appointments and remuneration for MD & CEO Sanjay Agarwal and Deputy CEO Uttam Tibrewal were also sanctioned. The bank secured approval to enhance its borrowing limit to ₹30,000 Crore and to issue debt securities and equity.
Cerebra Integrated Technologies Limited Announces 32nd AGM on Sep 29, 2026
Cerebra Integrated Technologies Limited will hold its 32nd AGM on September 29, 2026, to adopt FY26 financial statements and re-appoint a director. The company is undergoing CIRP, initiated on June 15, 2026, due to financial stress and liabilities of ₹90 Crores. FY26 saw a net loss of ₹7,164.60 Lakhs.
Rajputana Stainless Awards 2.10 MW Wind & 8 MW Solar Contracts
Rajputana Stainless Limited awarded contracts for a 2.10 MW Wind Project to Suzlon Energy Limited (₹1,621 Lacs + GST, 11 months execution) and an 8 MW Solar Project to Prozeal Green Energy Limited (₹22.71 Crores + GST, 4 months execution). These projects will fulfill the company's captive power needs.
Transworld Shipping Acquires Two Container Vessels for $42.78 Million
Transworld Shipping Lines will acquire two container vessels, "OEL SURYA" and "OEL VARUN", for a total of USD 42.78 million through its subsidiary. The acquisitions are subject to shareholder approval via postal ballot. The Board met on September 7, 2026, to approve these transactions.
Nandani Creation FY26 Consolidated Sales Rise 62% to ₹113 Cr; PAT at ₹1.98 Cr
Nandani Creation reported FY26 consolidated sales of ₹113 Cr, up 62% from FY25. Standalone sales reached ₹111 Cr, a 59% increase. Profit After Tax for FY26 was ₹1.98 Cr, down from ₹3.71 Cr in FY25. The company's 13th AGM is scheduled for September 30, 2026. Key strategic priorities include expanding retail presence and enhancing omnichannel capabilities.
Shiprocket Q1 FY27 Revenue Surges 34% YoY to ₹5,921 Mn, Adjusted EBITDA Scales to ₹89 Mn
Shiprocket reported Q1 FY27 consolidated results with revenue up 34% YoY to ₹5,921 Mn and Adjusted EBITDA scaling to ₹89 Mn. The Emerging Business revenue grew 70% YoY, now contributing 30% of total revenue. Net loss narrowed 24% YoY to ₹137 Mn.
Milky Mist Dairy Food Releases Q1 FY27 Earnings Call Transcript
Milky Mist Dairy Food reported a 44% YoY revenue growth to ₹973.45 crore for Q1 FY27. EBITDA margin improved to 14.9% and PAT margin stood at 6.6%. Key growth drivers included paneer, cheese, curd, and a significant 153% YoY increase in yogurt revenue. The company plans to deploy over 50,000 visi coolers and expand its whey protein capacity.
Advent Hotels Announces 20th AGM on Sep 30, 2026; Releases FY26 Annual Report
Advent Hotels will hold its 20th AGM on September 30, 2026. The FY26 Annual Report shows revenue at ₹387.60 crore and EBITDA at ₹145 crore. A JV with Prestige will develop a 1.50 million sq ft commercial complex at Sahar, Mumbai. Debt reduced from ₹2,151 crore to ₹495 crore via a transaction with Valor Estate.
Sammaan Capital Board Approves ₹25,000 Cr Debt Fundraising, Reappoints Independent Director
Sammaan Capital's Board approved raising up to ₹25,000 Crores via debt instruments. Mrs. Shefali Shah was re-appointed as Independent Director for three years from Nov 14, 2026. Mr. Sachin Chaudhary will retire as Director but continue as COO. The AGM is scheduled for Sept 30, 2026.
NALCO signs technology deal with Emirates Global Aluminium for smelter expansion
NALCO has signed a technology partnership with Emirates Global Aluminium (EGA) to deploy EGA’s DX+ Ultra aluminium smelting technology for its 0.5 MTPA smelter expansion at Anugola, Odisha. This aims to enhance productivity and energy efficiency, increasing NALCO's total capacity towards 1 MTPA.
Radaan Mediaworks Wins CESTAT Appeal, ₹5.32 Crore CENVAT Credit Demand Set Aside
Radaan Mediaworks India Limited has received a favorable order from CESTAT, Chennai. The tribunal set aside a demand for ₹5.32 crore in CENVAT credit, along with interest and penalties. The decision confirms the company's entitlement to CENVAT credit on telecast fees for the period October 2012 to December 2015.
Commercial Syn Bags to hold 42nd AGM on Sep 29, 2026; proposes dividend and equity warrants
Commercial Syn Bags will hold its 42nd AGM on September 29, 2026, via VC/OAVM. The agenda includes adopting FY26 financial statements, declaring a dividend, and re-appointing key management. The company also plans to issue 3,25,000 warrants to promoters for ₹9.19 crore and increase investment/loan limits to ₹200 crore.
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