Impact Events

Aegis Logistics to acquire 89.8% stake in Tristar Holdings for $809mn
Aegis Logistics Limited announced that its Board of Directors has approved the acquisition of an 89.8% stake in Tristar Holdings Limited through its wholly-owned step-down subsidiary, Aegis Logistics International Pte Ltd. The acquisition, valued at US$809 million in cash consideration, is expected to be completed in Q4 FY27. Tristar Holdings is an integrated liquid logistics solutions provider with global operations. This strategic move is anticipated to contribute to Aegis's overall profitability and provide long-term strategic benefits. The transaction is not a related party transaction.

NCC Ltd Promoter Dr A V S Raju Passes Away
NCC Ltd announced the passing of Padma Shri Dr. A V S Raju, Founder, Chairman Emeritus, and Promoter, on October 13, 2026. Dr. Raju was instrumental in establishing and growing NCC Limited into a leading construction and infrastructure company. His demise also leads to his reclassification as a Promoter, as per SEBI regulations.

Oil India Subsidiary Forms Joint Venture for Biofuels
Oil India Ltd's wholly-owned subsidiary, OIL Green Energy Ltd. (OGEL), has incorporated a Joint Venture (JV) company named "HIND OIL BIOFUELS PRIVATE LIMITED". This JV, established in India on October 13, 2026, will focus on the production of Compressed Biogas and by-products from Municipal Solid Wastes, energy generation from wastes, and biofuel production. OGEL will hold a 50% stake in the JV, with an initial subscription of ₹5.00 lakh (50,000 equity shares at ₹10 each). The formation of this JV has received approval from MOP&NG.

Reliance Power: ED Seizes ₹20.32 Cr Shares & Bank Balances
Reliance Power Limited has disclosed the receipt of an Order of Seizure from the Enforcement Directorate (ED) under Section 37A(1) of FEMA. The order pertains to alleged contravention of Section 4 of FEMA, 1999, relating to foreign currency convertible bonds issued in 2006 and overseas investments made in 2008. The ED has seized shares of its wholly-owned subsidiary, Sasan Power Limited, valued at ₹2026.65 crore (₹20.26 Billion), and company bank balances amounting to ₹6.16 crore. The company disputes the allegations and notes that the shares are already pledged to Power Finance Corporation. The seizure is provisional and subject to confirmation, with the company assessing the financial implications and planning to safeguard stakeholder interests.

Union Quality Plastics Board Meeting on Oct 14, 2026
Union Quality Plastics Ltd has announced that its Board of Directors will convene on October 14, 2026, at 11:00 AM. The primary agenda item is to consider and approve the shifting of the company's registered office. The proposed new address is Office No. 19, Ground Floor, Ecstasy Business Park CHS, Jata Shankar DPSA Road, Mulund West, Mumbai — 400080, Maharashtra, from its current location in Vile Parle East, Mumbai. The board will also authorize necessary filings and approvals under relevant regulations.

Team India Guaranty Director Resigns Due to Commitments
Team India Guaranty Ltd has announced the resignation of Mrs. Sreedevi Pillai from her position as Non-Executive Independent Director, effective September 23, 2026. The resignation is attributed to increased professional and personal commitments. Mrs. Pillai has confirmed there are no other material reasons for her departure. She also holds directorships and committee memberships in IFB Industries Ltd and The Western India Plywoods Limited.

ACGL Board to Meet Oct 21 to Approve Audited Q2/H1 FY27 Results
Automobile Corporation of Goa Limited (ACGL) has informed BSE that its Board of Directors will convene a meeting on Wednesday, October 21, 2026. The main agenda for this meeting is to consider and approve the Audited Financial Results for the quarter and half year ended September 30, 2026, along with the accompanying Auditors' Reports. In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for Designated Persons of the company has been closed since September 23, 2026. This closure will continue until 48 hours after the publication of the said Audited Financial Results.

SIS Ltd Buys Back 50,000 Equity Shares on Oct 13, 2026
SIS Limited has reported its daily buyback activity for October 13, 2026, as per SEBI regulations. The company repurchased 50,000 equity shares through Elara Securities (India) Private Limited, with 5,000 shares bought on the BSE and 45,000 on the NSE. The average acquisition price was ₹408.05 per share, excluding transaction costs. This brings the cumulative shares bought back to 24,40,968 as of October 13, 2026. The details are available on the company's and stock exchanges' websites.

Anlon Healthcare Plans ₹250 Cr Preferential Issue
Anlon Healthcare Limited announced that its Board of Directors has approved a proposal to raise funds up to ₹250 crore through a preferential issue of warrants. These warrants will be convertible into equity shares and will be offered to promoters and public investors. The funds will be raised via cash consideration, with 25% payable on allotment and the remaining 75% upon exercise of options. The option must be exercised within 18 months, failing which the consideration will be forfeited.

Tribhovandas Bhimji Zaveri: CCI Approves GRT Jewellers' Majority Stake Acquisition
Tribhovandas Bhimji Zaveri Ltd (TBZ) has received approval from the Competition Commission of India (CCI) for the proposed acquisition of a majority stake in the company by GRT Jewellers (India) Private Limited (GRT). This approval is a significant step towards the completion of the transaction, which was previously disclosed on August 31, 2026. The information has been hosted on the company's website as per SEBI LODR Regulations.

Hero Motors' debut quarter: consol PAT ₹9.6 Cr well below ₹35-45 Cr preview band, -33% QoQ
Hero Motors Limited's first results disclosure as a listed company — approved at an October 13, 2026 board meeting — covers the quarter ended June 30, 2026 (Q1 FY27), not the July–September quarter our pre-result preview had modelled. On a consolidated basis (primary), revenue was ₹319.32 Cr (+24.9% YoY, -1.0% QoQ) and net profit ₹9.57 Cr (₹10.20 Cr attributable to parent shareholders), up 146.9% YoY but down 32.6% QoQ from ₹14.20 Cr. Standalone (parent-only) growth ran meaningfully hotter — revenue +29.7% YoY and PAT +168.8% YoY — a >4-point divergence from consolidated driven by loss-making minority-held subsidiaries dragging the group number down; readers comparing the two should not read one as "wrong." The YoY optics flatter the quarter more than the underlying trend does: the year-ago base (₹3.88 Cr consolidated PAT) was unusually thin, and sequentially profitability went the other way. Consolidated PBT fell 27.3% QoQ (₹21.44 Cr to ₹15.59 Cr) even as revenue was roughly flat, driven mainly by a swing in unallocable income/expense from +₹2.98 Cr to -₹4.19 Cr and a 6.3% dip in the Powertrain Solutions segment result; the Alloy and Metallics segment loss narrowed to ₹(2.55) Cr from ₹(6.25) Cr. EBITDA margin held up better than net margin — roughly 12.3% consolidated and 16.3% standalone, within or close to the 14-16% band flagged pre-result — so the miss sits more in absolute scale and net profitability than in core operating efficiency. Consolidated NPM was 3.0%, down from 4.4% in the March quarter but up from 1.5% a year ago. Against our own pre-result preview's on-plan expectations (revenue ~₹400-420 Cr, PAT ~₹35-45 Cr), this print falls well short on both counts regardless of the quarter-labelling mismatch — actual revenue and PAT are roughly in line with the company's FY26 quarterly run-rate (FY26 full-year consolidated revenue was ₹1,216.74 Cr, PAT ₹41.17 Cr), suggesting the preview's band was pitched for a larger, later quarter rather than this one. Formal analyst coverage remains too thin to source a street consensus specific to this print — consistent with the preview's own "thin, but cautious" coverage read — so vsStreet is graded against our internal preview rather than external consensus. Management issued no accompanying press release or outlook commentary with this filing, so there is no prior guidance to grade against. The quarter's other board action — raising the stake in UK subsidiary Hewland Engineering from 51% to 90% for ~£0.60 million — adds a loss-making unit (₹(3.74) Cr PAT on ₹134.92 Cr FY26 turnover) more firmly into consolidation, relevant context for why group-level profitability trails the standalone parent. The October 5-7 bulk deals (Jump Trading, Plutus Wealth) and the exchange clarification on price movement are not addressed in this financial filing.

Hero Motors Acquires Hewland Engineering, Approves Q2 FY27 Results
Hero Motors Ltd announced on October 13, 2026, that its Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Concurrently, the board also approved the acquisition of 8039 Equity Shares of Hewland Engineering Limited, a UK subsidiary, for a total consideration of £0.60 million. The company has also signed a Shareholders Agreement related to this acquisition. The financial results were reviewed by Deloitte Haskins & Sells LLP.

Madhav Infra Projects Approves Share Conversion & Preferential Allotment
Madhav Infra Projects Ltd held a Board Meeting on October 13, 2026, where they approved the variation of rights/terms of existing 3,79,00,000, 1% Non-Cumulative Non-Convertible Redeemable Preference Shares into 4,65,03,067, 1% Non-Cumulative Compulsorily Convertible Preference Shares. These are convertible into equity shares at ₹8.15 per share, subject to shareholder approval. The board also approved the issue of up to 4,19,01,840 equity shares at ₹8.15 per share on a preferential basis to the promoter group, converting outstanding unsecured loans. Additionally, the draft Notice of Postal Ballot was approved, along with the appointment of a scrutinizer for e-voting.

Siti Networks: NCLT appoints Resolution Professional
Siti Networks Ltd has informed that the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, vide its order dated September 28, 2026 (received on October 12, 2026), has appointed Mr. Trupalkumar Patel as the Resolution Professional for the company. This appointment is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has enclosed a copy of the NCLT order.

Ventura Textiles: MoA Object Clause Alteration Registered
Ventura Textiles Ltd announced that the Ministry of Corporate Affairs (MCA) registered the alteration in its Memorandum of Association (MoA) concerning the object clause on October 12, 2026. This registration confirms a Special Resolution passed by shareholders in an Annual/Extraordinary General Meeting. The company is now in the process of carrying out the new business activities enabled by this change.








