Impact Events
Yes Bank to Receive ₹363 Cr Refund Post Tax Litigation Outcome
Yes Bank Ltd has received a consolidated order giving effect (OGE) from the Jurisdictional Assessing Officer (JAO) determining a refund of approximately ₹363 Crores. This refund is a result of tax litigation concerning assessment year 2017-18. The refund includes interest income determined under Section 244A of the Income-tax Act and a tax benefit from an expense claimed in the income-tax return. The cumulative quantum of these benefits exceeds the materiality threshold of ₹120 Crores. The bank has been involved in assessment, reassessment, and rectification proceedings, with orders from appellate authorities leading to this significant refund.
Orissa Minerals gets 2-month AGM extension
Orissa Minerals Development Company Ltd has received a two-month extension from the Registrar of Companies, Cuttack, for holding its 108th Annual General Meeting (AGM). The extension, granted until November 30, 2026, is to accommodate delays in receiving comments from the Comptroller and Auditor-General of India (CAG). The company had applied for this extension on September 26, 2026, citing the delay in CAG's comments as the reason for not being able to hold the AGM by the original due date of September 30, 2026. The Registrar of Companies advised the company to be more careful in future compliance.
HUDCO Loan Sanctions ₹1,04,592 Cr, Disbursements ₹35,371 Cr for H1 FY27
Housing & Urban Development Corporation Ltd (HUDCO) reported its business performance for the half-year ended September 30, 2026. The company achieved provisional loan sanctions of ₹1,04,592 Crore. Loan disbursements for the same period reached ₹35,371 Crore, a significant increase from ₹25,838 Crore in the corresponding period of the previous year (half-year ended September 30, 2025). These figures are subject to audit. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mahindra Lifespaces Adds ₹1,500 Cr GDV Redevelopment Projects in MMR
Mahindra Lifespace Developers Ltd (MLDL) has expanded its residential redevelopment portfolio in the Mumbai Metropolitan Region (MMR) by acquiring three societies. Two societies are in Borivali and one in Chembur, contributing to existing and new redevelopment projects. These additions are projected to generate a Gross Development Value (GDV) of ₹1,500 crore. Vimalendra Singh, Chief Business Officer – Residential, stated that these acquisitions align with the company's strategy to grow its residential business in established locations and strengthen its diverse portfolio. This move reinforces MLDL's presence in Mumbai's redevelopment market, a key component of its broader residential growth strategy.
Altius Telecom Infrastructure Trust Closes Trading Window
Altius Telecom Infrastructure Trust has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Trust's internal code of conduct. The trading window will be shut from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026. Designated persons and their immediate relatives are prohibited from trading during this period. The information is also available on the company's website.
NTPC Green Energy adds 50 MW solar capacity in Rajasthan
NTPC Green Energy Ltd announced that a 50 MW solar capacity, part of a larger 200 MW RE Round The Clock (RTC) project in Rajasthan, has commenced commercial operation. This capacity is from the fourth part of a cumulative 300 MW solar component. The project is being executed by Project Sixteen Renewable Power Private Limited, a step-down subsidiary of ONGC NTPC Green Private Limited, a joint venture. This addition increases the total installed capacity of the NTPC Green Energy Limited group to 11,262.51 MW from the previous 11,212.51 MW.
Kilburn Office Automation Closes Trading Window for Insiders
Kilburn Office Automation Ltd has announced the closure of its trading window for dealing in securities by insiders. The window will be shut from October 1, 2026, and will reopen 48 hours after the declaration of the company's unaudited financial results for the quarter and half-year ended September 30, 2026, along with its limited review report. This measure is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.
Bombay Super Hybrid Seeds: Richa Kaushal Mashru Reappointed Independent Director
Bombay Super Hybrid Seeds Limited announced the re-appointment of Mrs. Richa Kaushal Mashru as an Independent Director for a second term of 5 years, effective October 01, 2026, until September 30, 2031. The approval was granted by the members at the Annual General Meeting (AGM) held today, based on the recommendations of the Nomination and Remuneration Committee and the Board. Mrs. Mashru brings diverse skills, leadership traits, financial and investment management expertise, and extensive business experience to the role. She is not related to any existing directors and is not debarred from holding a directorship by any SEBI order or other authority.
Hexaware Clarifies Proxy Advisor Recommendations on Postal Ballot
Hexaware Technologies Ltd has issued a clarification regarding voting recommendations from Institutional Investor Advisory Services India Limited (IiAS) and Institutional Shareholder Services India Private Limited (ISS) on resolutions for a postal ballot. The company emphasizes that none of the eight items involve cash costs, with share-based plans expensed at fair value and payments made by promoter entities. Dilution from certain items is minimal (around 0.33%) and spread over years, potentially reducible to nil. The plans are administered by a committee chaired by an independent director, adhering to SEBI regulations. Hexaware states the proposals aim to retain key talent during leadership transition and provide flexibility for CEO appointments. The company addresses specific observations from IiAS, particularly concerning the Hexaware Restricted Stock Unit Plan, 2026, explaining its structure as a retention instrument compliant with regulations.
U. H. Zaveri Ltd Appoints Secretarial Auditor for 5 Years
U. H. Zaveri Ltd has announced the appointment of M/s SS Lunkad and Associates, Practicing Company Secretaries, as the Secretarial Auditor. This appointment was approved by the company's members at the Annual General Meeting (AGM) held on September 28, 2026. The term of appointment is for five consecutive financial years, commencing from FY 2026-27 and concluding with FY 2030-31. M/s SS Lunkad and Associates have over five years of post-qualification experience in secretarial and legal matters, with exposure to SEBI regulations, company law, and FEMA.
Pranav Constructions Closes Trading Window for Financial Results
Pranav Constructions Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from October 01, 2026, and will remain in effect for 48 hours after the declaration of the company's unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company has advised all concerned individuals not to trade in its securities during this period. The date of the board meeting to approve these financial results will be communicated later.
U. H. Zaveri Ltd Appoints P H Shah and Co as Statutory Auditor for 5 Years
U. H. Zaveri Ltd has announced the appointment of M/s P H Shah and Co., Chartered Accountants, as its Statutory Auditor for a term of five consecutive financial years, from FY 2026-27 to 2030-31. This decision was approved by the company's members at the Annual General Meeting (AGM) held on September 28, 2026, following a recommendation from the Board of Directors. The appointment is effective from September 3, 2026. P H Shah and Co. is a well-established firm founded in 1996, with offices in Ahmedabad and Nadiad, offering a wide range of professional services.
Reliance Infra JV Faces IBC Petition for $182M Debt; Restructuring Revoked
Reliance Infrastructure Ltd's joint venture, Mumbai Metro One Private Limited (MMOPL), is facing a petition under the Insolvency and Bankruptcy Code (IBC) filed by India Infrastructure Finance Co. (UK) Limited (IIFC) for recovery of approximately USD 182 Million, a portion of which is disputed by MMOPL. Additionally, National Asset Reconstruction Company Limited (NARCL) has revoked MMOPL's Master Restructuring Agreement (MRA) due to non-fulfillment of a condition precedent related to IIFC's approval. MMOPL is seeking legal advice to protect its interests. The financial implications for Reliance Infrastructure are currently unascertainable and contingent on the outcome of these legal proceedings.
Lords Mark Industries Achieves 25% Minimum Public Shareholding
Lords Mark Industries Limited has announced that it has achieved the Minimum Public Shareholding (MPS) requirement of 25%. This compliance is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Rule 19(2)(b) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957. The company's achievement follows the sale of 1,03,56,983 equity shares on September 18, 2026, and 89,98,598 equity shares on September 29, 2026. With this, Lords Mark Industries Limited is now in full compliance with the prescribed minimum public shareholding norms.
Adani Ports Colombo Terminal Doubles Capacity to 3.2M TEUs
Adani Ports and Special Economic Zone Ltd (APSEZ) has inaugurated the Phase II expansion of its Colombo West International Terminal (CWIT), doubling its capacity to 3.2 million TEUs. This expansion, involving a total investment of USD 750 million, aims to handle approximately 25% of the Port of Colombo's targeted 13 million TEU capacity by 2028. The enhanced terminal can now simultaneously berth three ultra-large container vessels. CWIT has already achieved a significant milestone by handling 2 million TEUs within its first 18 months of operation, making it the fastest terminal to reach this volume in the Port of Colombo's history. Developed in partnership with John Keells Holdings and the Sri Lanka Ports Authority, CWIT is Sri Lanka's first fully automated deep-water container terminal and has generated over 3,000 jobs.