Impact Events
Tenneco Clean Air India Receives GST Show Cause Notice for ₹28.5 Cr
Tenneco Clean Air India Limited has received a Show Cause Notice (SCN) from the Deputy Commissioner of State Tax, Maharashtra, for the Financial Year 2022-23. The notice alleges excess availment of input tax credit amounting to ₹285,488,700 (₹28.55 Crore), along with proposed interest of ₹224,429,799 (₹22.44 Crore) and penalty of ₹57,117,740 (₹5.71 Crore). The company stated that it has adequate grounds to contest the allegations and is preparing a detailed response. Tenneco Clean Air India does not currently foresee any material impact on its financial position or operations, as the SCN is at a preliminary stage.
International Travel House Ltd Board Meeting on Oct 13, 2026
International Travel House Ltd has announced that its Board of Directors will convene on October 13, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Financial Results for the quarter and six months ended September 30, 2026. This will include the Statement of Assets and Liabilities and the Statement of Cash Flows for the corresponding half-year period.
PTC Industries Approves Floor Price of ₹22,150 for Fund Raising
PTC Industries Ltd's Listing and Fund Raising Committee has approved the opening of an issue, along with a preliminary placement document and application form. The committee has set the floor price for the issue at ₹22,150.00 per Equity Share, determined as per SEBI ICDR Regulations. The 'relevant date' for this purpose is October 06, 2026. The company may offer a discount of up to 5% on the floor price, with the final issue price to be decided in consultation with book running lead managers. The board had previously approved this fund-raising initiative on June 27 and September 05, 2026, with members also passing a special resolution on August 01, 2026.
BirlaNu Ltd: NCLT Hyderabad Approves Scheme of Amalgamation with Clean Coats Pvt Ltd
BirlaNu Limited (formerly HIL Limited) announced that the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench, has approved the Scheme of Amalgamation between Clean Coats Private Limited (Transferor Company) and BirlaNu Limited (Transferee Company). This approval, dated October 6, 2026, is a significant step in the amalgamation process under Sections 230-232 of the Companies Act, 2013. The scheme will become effective upon filing certified copies of the orders from the respective jurisdictional NCLTs with the Registrar of Companies. A separate petition for the same scheme is pending before the NCLT, Mumbai Bench. The amalgamation aims to consolidate operations and streamline corporate structure.
SIS Ltd Buys Back 30,000 Shares on Oct 6
SIS Limited has reported its daily buyback activity for October 6, 2026. The company repurchased 30,000 equity shares from the open market, with 5,000 shares bought on the BSE and 25,000 on the NSE. The average acquisition price was ₹419.39 per share. Cumulatively, as of October 6, 2026, SIS Ltd has bought back a total of 22,24,134 shares. This action is in accordance with the SEBI (Buy-Back of Securities) Regulations, 2018.
Spright Agro Ltd: Public Announcement for CIRP & E-Auction
Spright Agro Ltd has issued a public announcement regarding the initiation of Corporate Insolvency Resolution Process (CIRP) as per the NCLT order dated 24/09/2026. This announcement, published on 27/09/2026 in Financial Express and Jai Hind-Ahmedabad, informs creditors about the CIRP. Additionally, a separate e-auction sale notice under SARFAESI Act is published for the sale of immovable assets mortgaged to Union Bank of India, with the auction scheduled for 13.10.2026. The notice also includes details for title clearance of a property.
Meesho Invests ₹50 Cr in Retail Pulse Labs, Amends SPA
Meesho Limited's Board of Directors has approved an investment of up to INR 50 Crores (₹50,00,00,000) in Retail Pulse Labs Private Limited (RPLPL). This investment is contingent upon the completion of the first tranche of Meesho's previously announced acquisition of Kirana Club Pte. Ltd. and its subsidiary RPLPL. Upon completion of the first tranche, RPLPL will become a step-down subsidiary of Meesho. The investment will be made in tranches within one year post-acquisition closing. Additionally, the Board approved an Amendment Agreement to the Share Purchase Agreement dated June 12, 2026, which incorporates procedural and operational modifications without altering the total acquisition consideration of INR 202.08 Crores (₹2,02,08,52,202.40). As of the filing date, no acquisition tranche has been completed.
Jindal Steel Board to meet on Oct 23 for Q2/H1 FY27 results
Jindal Steel Ltd has informed BSE that a meeting of its Board of Directors is scheduled for Friday, October 23, 2026. The primary agenda for this meeting is to consider and approve the unaudited financial results of the Company, both on a standalone and consolidated basis, for the quarter and half year ended September 30, 2026. In compliance with SEBI regulations, the trading window for dealing in the Company's securities by designated persons and their immediate relatives has been closed from October 1, 2026, and will remain closed until 48 hours after the financial results are made public.
ARCIL Appoints Secretarial Auditor for 5 Years
Asset Reconstruction Company (India) Ltd (ARCIL) has appointed M/s. Rathi & Associates, Practising Company Secretaries, as its Secretarial Auditor for five consecutive financial years, from FY 2026-27 to FY 2030-31. This appointment was approved by the Board of Directors based on the recommendation of the Audit Committee during a meeting held on October 06, 2026. The appointment is subject to shareholder approval. M/s. Rathi & Associates, established in 1988, brings nearly four decades of experience in corporate secretarial matters and allied fields.
Spright Agro Ltd: NCLT Admits CIRP, Appoints IRP
Spright Agro Ltd has been admitted into Corporate Insolvency Resolution Process (CIRP) by the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench. The tribunal's order, dated 24/09/2026, initiates the CIRP under Section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) has been appointed, and the powers of the Company's Board of Directors are now suspended and vested with the IRP. The management and operations will continue under the IRP's supervision as a going concern.
Persistent Systems: Members Approve Alteration in Articles of Association
Persistent Systems Ltd has announced that its members have approved an amendment to Article 12(iii) of the company's Articles of Association. This amendment pertains to the further issue of shares, specifically allowing for offers to any persons, whether for cash or other consideration, if authorized by a special resolution. This change provides greater flexibility in future capital raising activities, subject to regulatory compliance and shareholder approval.
Gabriel India & Faurecia Form Joint Venture for Seating
Gabriel India Limited and Faurecia Automotive Seating India Private Limited have executed a Joint Venture Agreement (JVA) to form Faurecia Anand Seating India Private Limited. This new entity will focus on seat frames and complete seats, leveraging Faurecia's global seating expertise and Anand Group's local footprint. Faurecia will hold a 50% plus 1 share stake, with Gabriel India holding 50% less 1 share. The JV aims to accelerate growth in the Indian automotive market, targeting approximately 10% market share in Seating within five years. This partnership builds on a long-standing relationship between FORVIA and ANAND Group, dating back to 1991.
JK Cement Fined ₹4.72 Lakhs for Delayed SBO Filings
JK Cement Ltd has been penalized ₹4,72,500 by the Registrar of Companies (ROC), Uttar Pradesh-I, for delays in filing Form BEN-2 related to Significant Beneficial Owner (SBO) disclosures. The company voluntarily applied for adjudication of penalties under Section 454 of the Companies Act, 2013. The penalty includes ₹2,64,500 for the company and ₹90,800 each for its Managing Director, Joint Managing Director & CEO, Dy. Managing Director & CFO, and a previous Company Secretary. The order was received on October 6, 2026. The company stated that the order does not have a major financial impact.
HCL Infosystems Subsidiary Loses ₹13.41 Cr Arbitration Case
HCL Infosystems' wholly-owned subsidiary, HCL Infotech, has received an adverse judgment from the Principal District Judge, Muzaffarpur, Bihar, in a Section 34 Objection Petition filed by Uttar Bihar Gramin Bank (UBGB). The petition challenged an Arbitral Award dated October 29, 2019, which had allowed HCL Infotech's claims of approximately ₹13.41 Crore plus interest and costs, while rejecting UBGB's counter-claims. The court found that the Arbitral Tribunal failed to make a categorical finding on the validity of the service agreement termination and erred in awarding 18% interest without proper reasoning. However, the judgment states that HCL's claims independent of the termination's legality remain unaffected. HCL Infosystems is currently evaluating the judgment and considering further legal action.
Kanohar Electricals Q1 FY27: Revenue ₹137 Cr, PAT ₹27 Cr
Kanohar Electricals Limited announced its unaudited standalone financial results for the first quarter ended June 30, 2026. Revenue from operations surged by 103.5% year-on-year to ₹137 Crore, up from ₹67 Crore in Q1 FY26. Profit After Tax (PAT) saw a significant increase of 140.0%, reaching ₹27 Crore from ₹11 Crore in the same period last year. EBITDA also grew substantially by 152.2% to ₹39 Crore. The company reported an order book of ₹2,026 Crore executable over the next 18-24 months and is investing in capacity expansion. Kanohar Electricals is targeting revenues of ₹950 Crore for FY27 with a similar EBITDA margin profile as FY26.