Impact Events
Fino Payments Bank: August 2026 Business Performance Update
Fino Payments Bank reported its business performance for August 2026, showing a 12% increase in Average Total Deposits to ₹2,821 Cr and a 15% rise in Digitally Active Customers to 65.6 Lakh. Loan referral disbursals saw a significant 367% jump to ₹243 Cr. However, Deposit Accounts Opened decreased by 22% YoY to 2,43,216, and Transaction Business Throughput fell by 19% to ₹3,770 Cr. The bank highlighted sustained deposit growth and healthy loan disbursal momentum, reinforcing its preparedness for a transition to a Small Finance Bank. These figures are provisional and unaudited.
Chemkart India Appoints Mohammad Asim Siddiqui as CFO
Chemkart India Ltd announced the resignation of Mr. Basavaraj Shankar Dalawai as Chief Financial Officer and Key Managerial Personnel, effective September 10, 2026, due to internal restructuring. Concurrently, the Board of Directors, based on recommendations from the Audit and Nomination & Remuneration Committees, has appointed Mr. Mohammad Asim Siddiqui as the new Chief Financial Officer and Whole-Time Key Managerial Personnel, effective September 11, 2026. Mr. Siddiqui has confirmed his eligibility and provided his consent for the role.
Man Industries Secures ₹600 Cr New Orders
Man Industries (India) Ltd has announced the receipt of new orders totaling approximately ₹600 Crores. These orders are expected to be executed within a 6 to 9-month timeframe. Following this, the company's total unexecuted order book stands at approximately ₹4100 Crores. The company highlighted that these new orders reflect a robust business environment and underscore customer confidence in its technological and execution capabilities. The orders are for the supply of various types of pipes from both domestic and international customers.
Bondada Engineering JV Receives ₹41 Cr Smart Meter LOI
Bondada Engineering Limited, through its Joint Venture with BEST Infra Private Limited, has received a Letter of Intent (LOI) from Northern Power Distribution Company of Telangana Limited (TGNPDCL) for a smart energy metering project. The order value is approximately ₹41.01 crore and involves the procurement, supply, installation, integration, testing, commissioning, operation, and maintenance of 40,000 smart energy meters. The project is expected to be executed within 11 months from the Purchase Order date and aligns with the expertise of Bondada's subsidiary, Bondada E&E Pvt. Ltd.
Chemkart India Ltd: CFO Resigns, New CFO Appointed
Chemkart India Ltd announced the resignation of its Chief Financial Officer, Mr. Basavaraj Shankar Dalawai, effective September 10, 2026, due to internal restructuring. Concurrently, the company appointed Mr. Mohammad Asim Siddiqui as the new Chief Financial Officer, effective September 11, 2026. Both appointments and resignations were approved by the Board of Directors.
Chemkart India Ltd: CFO Resigns, New CFO Appointed
Chemkart India Ltd announced a change in its Chief Financial Officer (CFO) role during its Board Meeting on September 10, 2026. Mr. Basavaraj Shankar Dalawai resigned from his position as CFO and Key Managerial Personnel, effective closing business hours of September 10, 2026, due to internal restructuring and transition. The Board accepted his resignation. Subsequently, Mr. Mohammad Asim Siddiqui has been appointed as the new CFO and Whole-Time Key Managerial Personnel, effective September 11, 2026, based on recommendations from the Audit Committee and Nomination and Remuneration Committee.
IndusInd Bank Partners Navi UPI for Digital Payments
IndusInd Bank has partnered with Navi UPI to enhance the technology infrastructure supporting its UPI operations. This collaboration aims to bolster and scale Navi UPI's foundation as digital payments continue to grow in India. The partnership involves a new UPI payment switch designed to process and route transactions more efficiently, thereby diversifying Navi UPI's technology stack and improving its resilience and scalability. Both entities expressed optimism about strengthening the digital payment ecosystem and delivering secure, reliable, and frictionless payment experiences to customers. The announcement was made at the Global Fintech Fest 2026 in Mumbai.
Mukta Agriculture Clarifies Share Price Movement
Mukta Agriculture Ltd has provided a clarification to the stock exchanges regarding recent significant price and volume movements in its equity shares. The company stated that it has disclosed all price-sensitive information as required by SEBI regulations and has not withheld any announcements that could impact the share price. Mukta Agriculture attributes the increased volume to market conditions beyond its control. The company reiterated its commitment to compliance and timely disclosures, regretting an inadvertent delay in submitting this clarification due to an internal communication oversight.
Valiant Communications Secures INR 1,388 Lacs Order
Valiant Communications Ltd has announced the receipt of a significant purchase order valued at INR 1,388 Lacs. The order is for the supply of communication and protection solutions, to be executed by September 30, 2027. This domestic order, awarded by a System Integrator (Private), is a 'supply only' contract and does not involve related party transactions or interest from promoters/group companies. The company has disclosed this information in compliance with SEBI Listing Regulations.
Maithan Alloys: NSE Rejects Promoter Reclassification Application
Maithan Alloys Ltd has been informed by the National Stock Exchange (NSE) that their application for re-classification of certain promoters, including Mr. Prahlad Rai Agarwalla and others, from 'Promoter & Promoter Group' to 'Public' category has been rejected. The NSE cited unaddressed queries and prolonged non-response from the company as reasons for not considering the application under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company may submit a fresh application with complete documentation if they wish to pursue this matter further.
Raghuvansh Agrofarms Replies to BSE on Delay in Disclosure
Raghuvansh Agrofarms Limited has provided a response to the BSE regarding a delay in disclosing a corporate announcement made on September 8, 2026. The company explained that the delay was due to the belated receipt of the Supreme Court's order dated August 18, 2026, which was digitally signed and uploaded on August 20, 2026. The Supreme Court dismissed the company's appeals against SEBI and SAT orders, upholding a five-year debarment (which had expired) and a monetary penalty of ₹1,00,000 (paid under protest). The company stated that the delay was also influenced by personal difficulties faced by their advocate in communicating the order promptly. Raghuvansh Agrofarms emphasized that there was no material impact on the company and no intent to withhold information.
Orient Electric Appoints Head - Internal Audit & Senior Management
Orient Electric Limited has announced the appointment of Mr. Deepankar Bhattacharjee as the Head of Internal Audit and designated him as Senior Management Personnel. The decision was approved by the Board of Directors via a resolution passed by circulation on September 10, 2026, following a recommendation from the Nomination & Remuneration Committee. Mr. Bhattacharjee is a Chartered Accountant with over 15 years of experience in internal audit, risk management, and compliance, having previously held senior roles at Indus Towers Limited, Schneider Electric, Apollo Tyres, and Deloitte.
Ramco Systems Celebrates 30 Years in Malaysia, Previews AI Platform
Ramco Systems marked its 30th anniversary in Malaysia with the 'Ramco Now & Next' event. The company celebrated its journey and unveiled a preview of its upcoming AI-native enterprise platform. This new platform aims to transform enterprise software from a 'system of record' to a 'system of intelligence and action', automating tasks and providing actionable insights. The company highlighted its long-standing relationships with Malaysian clients like Valiram Group, Hitachi Energy, and Aurecon, emphasizing the value of customer partnerships over the years. Ramco Systems, a global enterprise software provider, plans to leverage its Malaysian experience to drive regional adoption of its new platform.
Medplus Health to acquire 0.01% stake in Optival Health Solutions
Medplus Health Services Limited announced that its Board of Directors has approved the acquisition of the remaining 0.01% stake in its material subsidiary, Optival Health Solutions Private Limited. This acquisition, for a cash consideration of Rs. 1.10 Crore, will make Optival Health Solutions a wholly owned subsidiary of Medplus Health Services. The transaction is subject to completion of requisite documentation and formalities.
Maithan Alloys Acquires ESDS Software Shares for ₹10.83 Cr
Maithan Alloys Limited has acquired 75,160 equity shares of ESDS Software Solution Limited, representing 0.06% of the shareholding, for a total cost of ₹10.83 Crore. The acquisition, completed on September 9, 2026, was made through the stock exchange as an investment to reap short-term and long-term benefits. Maithan Alloys does not intend to acquire control of ESDS Software Solution Limited. The acquired entity is an AI-enabled end-to-end IT service provider with a turnover of ₹378 Crore in FY26. The transaction was conducted at arm's length and does not involve related parties.