Impact Events
Avax Apparels Changes Name to Avax Limited
Avax Apparels and Ornaments Ltd announced its name change to Avax Limited following approval at its 21st Annual General Meeting held on September 18, 2026. The alteration of the Memorandum and Articles of Association was approved by shareholders. The new name aims to provide greater flexibility for expansion into new business opportunities, moving beyond the perception of being limited to apparels and ornaments. The change is effective upon issuance of a fresh Certificate of Incorporation by the Registrar of Companies.
Mangalam Worldwide Ltd: NSE Returns Applications for Share Issuance & Amalgamation
Mangalam Worldwide Limited received return letters from the NSE for two applications. The first was for in-principle approval of 44,00,000 equity shares via preferential warrants, and the second was for the draft amalgamation scheme of Mangalam Saarloh Private Limited. Both applications were returned because the projected post-issuance/post-scheme paid-up capital exceeded Rs. 25 crore, triggering a main board migration requirement. Although SEBI amended ICDR regulations on March 8, 2025, providing relief to SME companies, this amendment was not applied retrospectively to applications submitted before its effective date. Consequently, Mangalam Worldwide is required to file fresh applications for both matters.
Federal Bank Establishes $500 Million Medium Term Note Programme
Federal Bank Limited has officially established its US$500 million Medium Term Note (MTN) Programme. This follows the Board of Directors' approval on September 17, 2026. The offering circular for the MTN Programme has been submitted to NSE IFSC Limited and is available on their website. The bank has also made this information available on its own website as per SEBI LODR Regulations 2015. This move allows the bank to access international debt markets for funding.
One Mobikwik Systems Director Resigns
One Mobikwik Systems Ltd announced the resignation of Mr. Raghu Ram Hiremagalur Venkatesh as a Non-Executive Independent Director, effective immediately. The resignation is attributed to pre-occupation with other professional commitments. The company has confirmed there are no other material reasons for his departure.
HMA Agro Industries Appoints VAA & Associates as Statutory Auditors
HMA Agro Industries Ltd has announced the appointment of VAA & Associates as its statutory auditors. This appointment was approved by the company's members at the 18th Annual General Meeting held on September 18, 2026. VAA & Associates, a Chartered Accountant firm, will serve for a term of five consecutive years, commencing from the conclusion of the 18th AGM until the conclusion of the 23rd AGM. The firm has a professional team and experience in audit and assurance, taxation, and financial consultancy.
Himadri Speciality Chemical Board to Consider Scheme of Arrangement
Himadri Speciality Chemical Ltd announced that its Board of Directors will convene on September 21, 2026. The primary agenda item is to consider and approve a proposed Scheme of Arrangement between Dalmia Bharat Refractories Limited (DBRL) and Himadri Speciality Chemical Ltd (HSCL). This arrangement, governed by Sections 230-232 of the Companies Act, 2013, pertains to the demerger of DBRL's Tyre Business. Concurrently, the company has implemented a trading window closure for designated persons from the notice date until 48 hours after the outcome disclosure, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Springform Technology Ltd Renames to Inertia Alu Tech Ltd
Springform Technology Ltd announced its shareholders have approved a name change to Inertia Alu Tech Limited via a special resolution at the Annual General Meeting held on September 18, 2026. This change, effective upon approval by the Registrar of Companies, aligns the company's name with its group entity 'Inertia' and better reflects its business in manufacturing and trading aluminum products. The company has initiated the process to update all relevant departments and regulators.
Apollo Pipes Acquires 76% Stake in Mazzini Tiles for ₹40.42 Cr
Apollo Pipes Ltd, through its subsidiary Apollo Ceramics Limited, has acquired a 76% stake and profit sharing rights in Mazzini Tiles LLP for ₹40.42 Crore. This strategic move expands Apollo Pipes' presence in the tiles and ceramics business and strengthens its position in the building materials segment. Mazzini Tiles LLP reported a turnover of ₹87.15 Crore for FY26 and operates a manufacturing facility in Morbi, Gujarat. The acquisition is part of Apollo Pipes' approved investment plan of up to ₹300 Crore for the tiles and ceramics sector. The transaction was conducted on an arm's length basis and does not involve related parties.
Apollo Pipes Subsidiary Acquires 76% Stake in Mazzini Tiles for ₹40.42 Cr
Apollo Pipes Ltd, through its subsidiary Apollo Ceramics Limited (ACL), has acquired a 76% stake and profit sharing rights in Mazzini Tiles LLP for ₹40.42 Crore. This acquisition marks Apollo Pipes' entry into the ceramic tiles sector and aligns with its strategy to expand its presence in the building materials segment. Mazzini Tiles LLP reported a turnover of ₹87.15 Crore for the financial year ended March 31, 2026. The acquisition is part of a larger approved investment plan of up to ₹300 Crore for the tiles and ceramics business. The transaction was conducted on an arm's length basis and does not involve related parties.
United Spirits Completes ₹2.69 Cr Investment in Nuvola Spirits
United Spirits Ltd has announced the completion of its investment in Nuvola Spirits Private Limited (NSPL) by subscribing to 17,350 Compulsory Convertible Preference Shares (CCPS) and 10 equity shares for an aggregate consideration of INR 2.69 crore. This investment represents 10.08% of NSPL's issued and paid-up share capital on a fully diluted basis. NSPL is an alcohol and non-alcohol beverage company focused on developing, producing, marketing, and selling craft liqueur brands like Soju, Limoncello, Meloncello, and Amara Rosso, with Italian and Korean flavor profiles. The company's strategy is to back innovative founders and capitalize on emerging consumer trends in the premium craft beverage segment. This transaction is not considered a related party transaction, and promoters/group companies have no interest in NSPL. United Spirits also has an option to acquire the remaining shares held by other shareholders upon NSPL achieving certain pre-agreed milestones.
Vision Cinemas Appoints Secretarial Auditor for 5 Years
Vision Cinemas Ltd has announced the appointment of CS S Suresh as its Secretarial Auditor. This appointment was approved by the shareholders at the 33rd Annual General Meeting held on September 16, 2026. The term of appointment is for five consecutive financial years, commencing from FY 2026-27 and concluding with FY 2030-31. CS S Suresh is a Practising Company Secretary with over 4 years of experience in company law, secretarial compliance, and corporate governance.
Olympic Cards Repays ₹8.4 Cr HDFC Loan with Director Funding
Olympic Cards Limited has fully repaid its outstanding bank loan of ₹8.40 Crores from HDFC Bank. The company has secured interest-free unsecured loans from its directors: ₹4.00 Crores from Managing Director Mr. N. Mohamed Faizal and ₹4.40 Crores from Non-Executive Director Mrs. S. Jarina. These transactions have been reviewed and approved by the Audit Committee and Board of Directors, ensuring compliance with the Companies Act, 2013, and are conducted at arm's length in the ordinary course of business. The company is in the process of obtaining a 'No Due Certificate' and releasing charges on its assets.
Scarnose International Ltd Submits Voting Results for 15th AGM
Scarnose International Ltd has submitted the voting results for its 15th Annual General Meeting (AGM) held on September 16, 2026. The AGM was conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The primary resolution considered was the adoption of the Audited Financial Statement, Profit and Loss account, and Cash Flow Statement for the Financial Year ended March 31, 2026, along with the reports of the Board of Directors and Auditor. The voting results indicate that the resolution was passed.
SAB Events Board Approves Equity & Warrant Issuance Post NCLT Plan
SAB Events & Governance Now Media Ltd's Board of Directors has approved the issuance of equity shares and convertible warrants as part of a Resolution Plan sanctioned by the National Company Law Tribunal (NCLT). The company will issue up to 12,00,000 equity shares to a promoter entity and up to 73,00,000 equity shares to strategic investors at Rs. 22.50 each. Additionally, up to 60,00,000 convertible warrants will be issued to strategic investors at the same price, with 25% payable upfront. The board also approved the issuance of 1,10,34,070 equity shares to shareholders of Sri Adhikari Brothers Digital Network Private Limited as part of an amalgamation scheme. These issuances are crucial for the company's financial restructuring and future growth.
SAB Events Board Approves Securities Issuance Worth ₹27.12 Cr
SAB Events & Governance Now Media Ltd's Board of Directors met on September 18, 2026, to approve the issuance of securities as part of an approved Resolution Plan. The company will issue up to 12,00,000 equity shares at ₹22.50 each to Sri Adhikari Brothers Assets Holdings Private Limited, totaling ₹2.70 crore. Additionally, up to 73,00,000 equity shares at ₹22.50 each will be issued to strategic investors (public category) for ₹16.425 crore. The board also approved the issuance of up to 60,00,000 convertible warrants at ₹22.50 each to strategic investors for ₹13.50 crore. Furthermore, 1,10,34,070 equity shares will be issued to shareholders of Sri Adhikari Brothers Digital Network Private Limited as part of a scheme of amalgamation. These issuances are pursuant to a Resolution Plan approved by the Hon'ble NCLT.