Corporate Update

• PN Gadgil — Launched “LiteStyle” shop-in-shop at Nagpur to expand lightweight jewellery range.

• Zaggle Prepaid — Approved acquisition of 130,000 shares and an investment of up to ₹25 crore in Greenedge Enterprises.

• HMT — Agreed to write off ₹23.9 crore of uncertain interest on loans to subsidiary HMT Machine Tools.

• Blue Dart — Plans a price increase (average shipment price) of 9–12% effective 1 Jan.

• Saraswati Commercial — Agreed to acquire 18 lakh shares of Trualt Bioenergy at ₹496/share (≈₹89 crore).

• Oriental Rail — Won a ₹4.4 crore order from Indian Railways to manufacture and supply seats and berths.

• Redtape — Re-appointed Arvind Verma and Sunanda as whole-time executive directors.

• Brand Concepts — Secured exclusive India licence for Superdry travel gear and handbags.

• Mahindra & Mahindra — To sell entire stake in a subsidiary to TERA for approx. ₹52 crore via share purchase pact.

• Bharat Seats / NDR Auto — Promoter-group stake transfers (succession planning): promoter gifted 16.38% in Bharat Seats to Rohit Relan Family Trust; NDR Auto promoter group transferred 73.1% via gift to the same trust. SEBI granted the trust an exemption from open-offer obligations.

• Vijaya Diagnostic Centre — NCLT has reserved its order on the scheme of amalgamation with Medinova Diagnostic Services.
• Thomas Cook / Sterling Rampath — Partnered with Ministry of Tourism; Sterling Rampath Ayodhya launched as the group’s 11th spiritual destination.

• TeamLease / Teamless Services — TDPL (arm) executed an OCD subscription with TeamLease Digital Singapore for ₹5 crore.

• Globus Spirits — Launched ‘TERAI India Craft Vodka’, billed as the world’s first premium vodka of this specification.

• Phoenix Mills — FY25 retail rental income up 18% to ₹1,951 crore; retail EBITDA up 20% to ₹2,010 crore; consumption rose 21% to ₹13,750 crore.

• Garware Technical — Reporting strong top-line and profit growth across FY24–FY25 and Q1 FY26, driven by rockfall, landfill and lining segments.

• JSW Infra — Received a GST show-cause notice from Tamil Nadu authorities alleging ₹96.58 crore demand.

• Borana Weaves — Commissioned 108 additional looms in Unit-4; full expanded capacity (346 million metres) expected by October 2025.

• Religare / Care Health — Care Health allotted 1.7 crore shares worth ₹256 crore to Religare’s arm.

Notable operational & M&A moves

• Ceigall India / GMADA & NHAI — (reported elsewhere) large road and highway awards remain sectoral drivers for infra contractors.

• PG Electroplast — Subsidiary PG Technoplast acquired 50 acres in Sri City; planned investment ~₹1,000 crore (manufacturing campus).

• Alkem Laboratories — Business transfer agreement with Alkem Wellness for trade generics (slump sale effective 1 Oct).

• Shriram Finance — Subscribed to 1.90 crore shares via rights issue (₹300.05 crore) in Shriram Overseas.

• Vascon Engineers — MoU with Adani Infra for a five-year early engagement execution partnership (three projects identified ~13.15 mn sq ft).

• Deepak Nitrite — Subsidiary Deepak Chem Tech commissioned a hydrogenation plant at Dahej (capex ~₹115 crore).

• Power Grid Corporation — Approved two projects totalling ~₹705.5 crore: VoIP grid communications and Emergency Restoration System (ERS) deployment under Make in India.

• Chambal Fertilisers & Chemicals — Facing a CGST penalty notice of ~₹527 crore (Patna jurisdiction).

• Godawari Power & Ispat — Plant accident at Raipur: six employees killed, six injured; operations suspended pending inquiry.

• Interarch Building Solutions — To invest ₹100 crore in a new Andhra Pradesh plant (capacity expansion for buildings, data centres, semiconductors, batteries).

• Birlasoft — Re-appointed Angan Guha as CEO & MD for two years from 1 Dec.

• Jindal Steel — Commissioned a 5 MTPA blast furnace at Angul, raising hot-metal capacity.

• IRFC / NTPC financing — IRFC to provide ₹4,000 crore loan for Talcher Fertilizers; additional rupee-term sanctions and loans for thermal/renewable projects noted.

• Miscellaneous — Several tax notices, plant outages and capacity resumptions reported across fertilizer, paper and healthcare names.