Impact Events

Bansal Wire Industries Ltd Approves Un-Audited Financial Results for Q2 FY27
Bansal Wire Industries Limited announced that its Board of Directors has approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026. The Board also took on record the Limited Review Report from Prateek Gupta & Company, Chartered Accountants, on these results. The company has also updated its website with this information.

Garware Hi-Tech Films Q2 FY27 Revenue Hits Record ₹696 Cr
Garware Hi-Tech Films Limited (GHFL) announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a record revenue from operations of ₹696 crore for Q2 FY27, a 22% year-on-year increase. EBITDA grew by 42% YoY to ₹189 crore, with the EBITDA margin expanding to 27.2%. Profit After Tax (PAT) also saw a significant increase of 42% YoY to ₹129 crore. For the half year ended September 30, 2026, revenue was ₹1329 crore (up 25% YoY) and PAT was ₹262 crore (up 50% YoY). GHFL raised its FY27 EBITDA guidance by 200 basis points to 27% ±2% and reaffirmed its revenue target of ₹2,500+ crore. The company also highlighted strategic developments including the upcoming commissioning of a TPU line in Q3 FY27 and an SCF line in H1 FY28, a strategic MoU with Lubrizol for advanced TPU-based film solutions, and the launch of a switchable privacy film facility. Global expansion included opening two new Global Application Studios in the USA.

Refex Industries Bags ₹31.13 Cr Ash Transport Contract
Refex Industries Limited (RIL) has secured a slab-wise rate contract for ash transportation to road construction projects of NHAI and other government authorities. The contract has a cumulative maximum award value of Rs. 31,13,05,500/- (incl. GST). This contract is for a period of one year, extendable by six months, and is with a domestic entity based in Maharashtra. The company has confirmed that promoters or group companies have no interest in the awarding entity and it does not fall under related party transactions.

Garware Hi-Tech Films Declares Unaudited Q2 FY27 Results
Garware Hi-Tech Films Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results, along with the limited review reports. Investor presentations and press releases detailing the financial performance for the period were also shared. The board meeting to consider these results commenced at 11:30 AM and concluded later in the day.

Mehul Telecom Opens New Franchise Retail Store in Gujarat
Mehul Telecom Limited has announced the opening of a new franchise retail store located in Himmatnagar, Gujarat. The store, situated at Ground Floor, Shop No 80/81, Block D, Ashok Vatika, Sahkari Jin Chhapariya Road, Near IDFC First Bank, Himmatnagar, Sabarkantha, Gujarat, 383001, commenced operations on October 22, 2026. This expansion is part of the company's ongoing strategy to increase its retail presence and reach more customers across different regions.

EPIC Energy Allots 4 Lakh Equity Shares on Warrant Conversion
EPIC Energy Ltd has allotted 4,00,000 equity shares of face value Rs. 10/- each upon conversion of warrants. This follows the payment of the balance consideration of Rs. 1.50 Crore by warrant holders. The shares were allotted on October 22, 2026, at an issue price of Rs. 50/- each (including Rs. 40/- premium). The warrants were initially allotted on March 24, 2026, to promoters and non-promoters. The newly allotted shares will rank pari passu with existing equity shares. This action is in compliance with SEBI ICDR and LODR Regulations.

Industrial & Prudential Investment Co. Board Meeting Nov 11
Industrial & Prudential Investment Company Ltd has announced a Board of Directors meeting scheduled for November 11, 2026. The primary agenda items include the consideration and approval of the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, along with the statutory auditor's limited review report. Additionally, the Board will consider the re-appointment of Mr. Gaurav Swarup as Chairman and Managing Director for a further five-year term starting February 1, 2027, subject to shareholder approval. The trading window for designated persons remains closed until 48 hours after the results are made public.

Bansal Wire Q2 FY27: consolidated PAT up 38% YoY to ₹52.9 Cr, margins expand on volumes
Bansal Wire's consolidated revenue rose 23.95% YoY to ₹1,308.14 Cr (from ₹1,055.40 Cr) and 12.01% sequentially, with PAT up 38.05% YoY to ₹52.90 Cr (from ₹38.32 Cr) and up 158.6% QoQ off a weak June-quarter base of ₹20.46 Cr. EPS came to ₹0.68 (post the 5:1 split) versus a restated ₹0.49 a year ago. Standalone PAT of ₹40.87 Cr (+28.5% YoY) tracked the consolidated trend, with the two subsidiaries — Bansal Steel & Power and BWI Steel — contributing the balance (combined PAT ₹12.92 Cr for the quarter per the auditor's note). Exceptional items were negligible (₹0.01 Cr) in both periods, so adjusted and reported growth are effectively identical. Operating margin (EBITDA/revenue) expanded to roughly 8.0% from 7.27% a year ago and 4.83% in the June quarter; net margin improved to 4.05% from 3.63% YoY. PBT grew faster, at 40.9% YoY, but the effective tax rate rose to 26.3% from 24.8% a year ago, trimming the drop-through to PAT. Management's own disclosure flagged record sales volumes this quarter, the proximate driver of both the topline growth and the margin expansion. Set against the FY27 target reiterated on the July 28 concall — 20% volume and EBITDA growth — this quarter's EBITDA grew roughly 36% YoY, but cumulative H1 EBITDA is still only up about 8.3% YoY because Q1 was weak (Q1 PAT had fallen sharply YoY); H1 PAT of ₹73.37 Cr remains 5.4% below last year's ₹77.60 Cr despite the Q2 rebound, so H2 needs to accelerate further to hit the full-year goal. The July concall tone was cautious/bearish with a cautiously-optimistic short-term outlook; this quarter's acceleration is the first concrete sign of that view playing out, though the H1 shortfall against the 20% target means it is not yet confirmed. Management simultaneously raised capex guidance to ₹200–250 Cr annually (from ₹150–200 Cr) toward its Speciality Wire ambition of 2 lakh tonnes capacity and ₹600–800 Cr EBITDA by FY30 — none of that capex deployment is separately quantified in this filing. No Q2-specific street consensus could be found (vsStreet unknown); FY27 full-year consensus EPS growth of roughly 22% (per third-party trackers) is broadly consistent with this quarter's trajectory. Management gives no formal quarterly guidance beyond the FY27 targets restated last call, and no press release text accompanied this filing to cross-check framing. The only other corporate action this quarter was the completed 5:1 equity split (record date Oct 16, 2026), which restates EPS across all comparative periods shown.

Garware Hi-Tech Q2 FY27: Consolidated PAT +42% YoY, EBITDA Margin 27.2%; Guidance Raised
Garware Hi-Tech Films posted its second straight record quarter — consolidated (primary) revenue of ₹695.53 Cr, up 22.1% YoY and 9.9% QoQ, with consolidated PAT of ₹129.44 Cr, up 41.9% YoY though down 2.4% from Q1 FY27's ₹132.65 Cr. EPS came in at ₹55.71 against ₹39.27 a year ago. Neither period carries an exceptional item, so reported and underlying growth are the same. EBITDA of ₹189 Cr (+42% YoY) carried a 27.2% margin, up 377bps YoY from 23.4% on operating leverage and a favourable product mix even as raw-material and logistics costs rose. Sequentially, margin compressed 311bps from Q1 FY27's 30.3% peak — the company's own EBITDA bridge shows a ₹4.2 Cr step-up in employee cost, ₹1.1 Cr in sales & marketing and ₹16.5 Cr in other expenses eating into a ₹71.8 Cr rise in operating profit. Net margin followed the same shape: 18.6% vs 16.0% YoY, but down from 21.0% in Q1. Management raised FY27 EBITDA margin guidance by 200bps to 27%±2% (from the 25%±2% reaffirmed last quarter) while holding the ₹2,500+ Cr revenue target, with Vice Chairperson Monika Garware noting H1 FY27 margin of 28.7% ran "well above" the prior 23%-27% band — a clear guidance beat. Against our pre-result preview, which flagged a sequential pause after Q1's record and an on-plan range of ₹560-580 Cr revenue / ₹100-115 Cr PAT, the print beat decisively on both counts; revenue in fact grew QoQ rather than moderating, with only margin and PAT showing the flagged sequential softening. No quarter-specific brokerage PAT/revenue consensus turned up in a search; external commentary instead centred on whether Garware can sustain 20%+ PAT CAGR through FY28, a debate this quarter's numbers support without settling. The September 23 Lubrizol MoU (₹118 Cr TPU extrusion investment, 75% backward integration for PPF / 25% new product development) is the quarter's structural highlight, guided to add 150-200bps to consolidated EBITDA margin once productive. The TPU line stays on track for Q3 FY27 commissioning, guided to lift margin 1.5-2% in FY28; the ₹191 Cr SCF line targets H1 FY28 commercial production, adding ~1,200 LSF of capacity toward the medium-term ₹3,500 Cr revenue goal. Watch whether the raised 27%±2% margin band holds given this quarter's 311bps sequential compression, and the pace of the Garware Home Solutions rollout (14 studios now, 12 more planned in Q3 toward 50 by December 2027).

Dynamic Cables Board Meeting on Oct 27 for Un-audited Financial Results
Dynamic Cables Ltd has announced that its Board of Directors will convene on October 27, 2026. The primary agenda item is to consider and approve the un-audited financial results for the quarter and half-year ended September 30, 2026, along with the limited review report. Concurrently, the company has confirmed the closure of its trading window for designated persons from October 1, 2026, until 48 hours after the financial results declaration, in compliance with SEBI regulations.

HUDCO Board Seeks Fine Waiver from Exchanges
Housing & Urban Development Corporation Ltd (HUDCO) has commented on fines levied by NSE and BSE for non-compliance with board composition and meeting quorum regulations for the quarter ended June 30, 2026. The total fine amounts to ₹9,93,000 plus GST, totaling ₹11,71,740. The Board noted the fine status and requested continuous follow-up with the Ministry regarding penalties. HUDCO, being a Government Company, highlighted that director appointments are controlled by the President of India via the Administrative Ministry and that a request for requisite Independent Directors has been made. Consequently, the Board desires a waiver of the fines, citing that director appointments are beyond the company's control.

Oriental Rail Infrastructure: No Deviation in Preferential Issue Proceeds Utilization
Oriental Rail Infrastructure Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, prepared by CARE Ratings Limited. The report confirms that there has been no deviation in the utilization of the Rs. 212.20 crore raised through a preferential issue of securities from the objects approved by the shareholders. The company has declared 'Nil' deviation from the stated objects, indicating compliance with SEBI regulations regarding the use of funds.

Sun Pharma Advanced Research Board Meeting on Nov 2, 2026
Sun Pharma Advanced Research Company Ltd has announced that its Board of Directors will convene on November 2, 2026. The primary agenda item is the consideration and approval of the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Concurrently, the company has closed its trading window for designated personnel from October 1, 2026, until 48 hours after the financial results are declared, in compliance with SEBI's insider trading regulations.

Patel Chem Specialities Ltd Board Meeting on Nov 5, 2026
Patel Chem Specialities Ltd has announced that its Board of Directors will convene on November 5, 2026. The primary agenda item is to consider and approve the Unaudited Financial Results for the half-year ended September 30, 2026, along with the Auditor's Limited Review Report. Additionally, the board will discuss any other matters with the Chairman's permission. In line with SEBI regulations, the trading window for the company's securities has been closed since October 1, 2026, and will reopen 48 hours after the financial results are declared. The trading window is expected to close on November 7, 2026.

Goa Carbon Ltd Board Meeting on Nov 5 for Q2 FY27 Results
Goa Carbon Ltd has announced that its Board of Directors will convene on November 5, 2026. The primary agenda item is to consider and approve the unaudited financial results for the quarter ending September 30, 2026. This announcement is made in compliance with SEBI's Listing Obligations and Disclosure Requirements.











