Jubilant FoodWorks has appointed Bikash Agarwal as its new Internal Auditor, effective November 13, 2025. This decision follows the recommendation of the Audit Committee and replaces Seema Bassi due to a change in her role within the company. Agarwal brings close to two decades of experience and expertise in fraud detection and ERP systems. This strategic appointment enhances the company’s internal control framework.

Internal Auditor Appointment

Effective November 13, 2025, Jubilant FoodWorks Limited has appointed Mr. Bikash Agarwal as its Internal Auditor. This appointment was made based on the recommendation of the Audit Committee and approved by the Board of Directors.

Change in Leadership

Mr. Agarwal’s appointment comes as Ms. Seema Bassi transitions to a new role within the organization. Her responsibilities as Internal Auditor ceased on November 13, 2025.

Bikash Agarwal’s Background

Mr. Bikash Agarwal is a qualified chartered accountant with close to two decades of experience. Prior to joining Jubilant FoodWorks, he has worked with organizations such as Lenovo, Coca-Cola, and Flipkart. His expertise includes developing fraud detection engines and identifying outliers across large ERP systems.

Source: BSE

Life Insurance Corporation (LIC) reported a 5.14% increase in total premium income for H1 FY26, reaching ₹2,45,680 crores. The non-par share of individual APE increased to 36.31%. Profit After Tax grew by 16.36% to ₹21,040 crores. The VNB registered a growth of 12.3%, reaching ₹5,111 crores, with the VNB margin improving by 140 basis points to 17.6%. The solvency ratio improved to 2.13.

Financial Performance Highlights

For the six months ending September 30, 2025, Life Insurance Corporation (LIC) reported a total premium income of ₹2,45,680 crores, reflecting a 5.14% growth compared to ₹2,33,671 crores in H1 FY25.

Individual new business premium income stood at ₹28,491 crores.

The group business total premium income was ₹94,965 crores.

Profit After Tax (PAT) for H1 FY26 reached ₹21,040 crores, a 16.36% increase year-over-year.

Key Performance Metrics

The net Value of New Business (VNB) registered a 12.3% growth, reaching ₹5,111 crores. The net VNB margin improved by 140 basis points to 17.6%.

LIC’s solvency ratio improved to 2.13 as of September 30, 2025.

Assets Under Management (AUM) grew to ₹57,22,896 crores.

Business and Operational Updates

LIC launched two new non-par products on July 4, 2025: LIC’s Nav Jeevan Shree and LIC’s Nav Jeevan Shree Single Premium.

Bancassurance and Alternate Channels collected a new business premium income of ₹2,024.10 crores, a 67.62% year-over-year increase.

The overall expense ratio decreased by 146 basis points to 11.28%.

Regarding persistency, the 13th-month persistency stood at 75.29%.

The digital initiative through the Ananda app completed 8,78,470 policies.

Claims Settlement

LIC processed 96,44,280 individual claims, including 92,34,314 maturity and survival benefit claims. Total maturity claims amounted to ₹1,07,587 crores, and total death claims were ₹12,049 crores.

Strategic Initiatives

LIC aims to appoint at least one Bima Sakhi in every gram panchayat. Currently, 44% of gram panchayats have been covered by recruiting Bima Sakhis.

GST Exemption

The Government of India’s exemption of Goods and Services Tax on life insurance products is viewed as a customer-friendly move that will boost penetration.

Source: BSE

Zydus Lifesciences has secured final approval from the USFDA for Diroximel Fumarate delayed-release capsules, 231 mg, indicated for treating relapsing forms of multiple sclerosis (MS) in adults. The drug, with a market size of USD 999.4 mn, will be manufactured at Zydus Lifesciences Ltd, SEZ. This approval brings Zydus’s total to 426 approvals with 487 ANDAs filed to date.

USFDA Approval Received

Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) for Diroximel Fumarate delayed-release capsules, 231 mg. This approval underscores the company’s commitment to providing affordable and accessible healthcare solutions.

Indication and Market Size

The Diroximel Fumarate delayed-release capsules are indicated for the treatment of relapsing forms of multiple sclerosis (MS) in adults. According to IQVIA data from September 2025, the annual sales for Diroximel Fumarate delayed-release capsules in the United States reached USD 999.4 mn.

Manufacturing and Regulatory Milestones

The Diroximel Fumarate delayed-release capsules will be manufactured at Zydus Lifesciences Ltd, SEZ. As of September 30, 2025, the Zydus group holds 426 approvals and has filed 487 ANDAs since the filing process began in FY 2003-04.

Source: BSE

Vishal Mega Mart announced its unaudited financial results for the quarter ended September 30, 2025. Revenue from operations grew by 22.4% compared to the same quarter last year. Adjusted EBITDA margin increased to 8.5%, and adjusted PAT margin reached 5.4%. The company continues to expand its store network and loyalty program, driving growth and customer engagement.

Financial Performance Highlights

Vishal Mega Mart reported strong financial results for Q2FY26. Key highlights include:

• Revenue from Operations: ₹29,815 million, up 22.4% year-over-year
• Gross Profit Margin: 28.3%
• Adjusted EBITDA: ₹2,529 million, with a margin of 8.5%
• Adjusted PAT: ₹1,617 million, with a margin of 5.4%

For the first half of the fiscal year (H1FY26), Vishal Mega Mart also demonstrated robust growth:

• Revenue from Operations: ₹61,218 million, a 21.6% increase year-over-year.
• Gross Profit Margin: 28.3%
• Adjusted EBITDA: ₹5,773 million, margin of 9.4%
• Adjusted PAT: ₹3,772 million, margin of 6.2%

Sales and Store Network

The company’s Same Store Sales Growth (SSSG) was reported at -12.8% for the quarter and -12.1% for the half-year, adjusted for temporarily non-comparable stores.

As of September 2025, Vishal Mega Mart has:

• A total of 742 stores
• Presence in 493 cities
• Operates across 30 States/Union Territories
• 12.76 million sq. ft. of retail space

The company added 28 gross new stores during Q2FY26 and 51 new stores in H1FY26.

Loyalty Program Growth

Vishal Mega Mart’s loyalty program continues to expand:

• Approximately 157 million registered loyalty customers, a 17% year-over-year increase.
• Around 95% of revenue comes from loyalty customers.

Quick Commerce Platform

The company’s Quick Commerce platform shows significant progress:

• 695 stores are integrated with hyperlocal delivery (16% YoY growth).
• Services cover 460 cities (18% YoY growth).
• Approximately 11 million registered users (60% YoY growth).

Source: BSE

NBCC (India) Limited has been awarded a work order worth approximately ₹340.17 crore for the construction of the Central University of Kashmir (Phase-I works) at Tulmulla, Ganderbal, Kashmir. The announcement was made on November 13, 2025. This project is considered part of the ordinary course of business for the company and is expected to enhance NBCC’s order book.

Project Award Overview

NBCC (India) Limited has announced that it has secured a significant work order for the construction of the Central University of Kashmir. The value of this order is approximately ₹340.17 crore.

Project Details

The project involves the construction of the Central University of Kashmir (Phase-I works) located at Tulmulla, Ganderbal, Kashmir. The client for this project is the Central University of Kashmir itself.

Financial Details

The approximate value of the work order is ₹340.17 crore, excluding GST. This project is classified as being within the ordinary course of business for NBCC (India) Limited.

Additional Information

According to the disclosure, this project falls within the domestic market. The nature of the order/contract is related to project management and consultancy. More details are available on the company’s website.

Source: BSE

Vishal Mega Mart announced strong financial results for Q2 FY26, highlighted by a 22.4% increase in revenue, reaching ₹29,815 million. Adjusted EBITDA grew by 34.2% to ₹2,529 million, with a margin of 8.5%. Adjusted PAT increased by 39.4% to ₹1,617 million. The company also reported a Same Store Sales Growth (SSSG) of 11.3%.

Q2 FY26 Performance Highlights

Vishal Mega Mart reported a 22.4% year-over-year increase in revenue from operations, reaching ₹29,815 million. The company’s Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at ₹2,529 million, representing an 8.5% margin and a 34.2% year-over-year growth. Adjusted PAT (pre-ESOP charges) reached ₹1,617 million, with a 5.4% margin, reflecting a 39.4% year-over-year increase. The Same Store Sales Growth (SSSG) was reported at 11.3% (Adjusted SSSG* of 12.8%). Additionally, 28 gross and 25 net stores were added during the quarter.

H1 FY26 Performance Highlights

For the first half of FY26, Vishal Mega Mart reported revenue from operations of ₹61,218 million, a 21.6% year-over-year increase. Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at ₹5,773 million, with a 9.4% margin, representing a 33.9% year-over-year increase. Adjusted PAT (pre-ESOP charges) reached ₹3,772 million, with a 6.2% margin, reflecting a 38.5% year-over-year increase. The SSSG was reported at 10.9% (Adjusted SSSG* of 12.1%). The company added 51 gross and 46 net stores, bringing the total store count to 742.

Operational Overview

As of September 30, 2025, Vishal Mega Mart operates 742 stores across 493 cities, spanning a total retail area of approximately 12.76 million square feet. The category-wise revenue contribution for H1 FY26 was 44.9% for Apparel, 28.2% for General Merchandise, and 26.8% for FMCG. The company’s loyal consumer base reached approximately 157 million. Own brands contributed 74.7% to revenue for the half-year. The Quick commerce initiative is available in 695 stores across 460 cities, with a registered user base of 10.8 million as of September 30, 2025.

Management Commentary

Mr. Gunender Kapur, Managing Director and Chief Executive Officer, stated that the results demonstrate the strength of the company’s customer-centric value proposition and disciplined execution. He highlighted the healthy double-digit SSSG and the support from the company’s own-brand portfolio, healthy footfalls, and new store additions. He also noted the impact of the early onset of Durga Puja festivities on revenue growth. He emphasized the commitment to pass on the benefits of GST rate rationalization to customers to enable long-term inclusive growth.

Source: BSE