Tube Investments of India has submitted applications to the National Stock Exchange of India and BSE Limited, seeking a “no-objection” for the re-classification of Yanmar Coromandel Agrisolutions Private Limited from the “Outgoing Member of Promoter Group” to the Public Shareholder category. This action follows previous intimations regarding the receipt of the reclassification request and Board of Directors’ approval.

Re-classification of Yanmar Coromandel

Tube Investments of India has applied for a “no-objection” from the Stock Exchanges regarding the re-classification of Yanmar Coromandel Agrisolutions Private Limited.

Details of the Re-classification

The application pertains to the re-categorization of Yanmar Coromandel from the “Outgoing Member of Promoter Group” to the Public Shareholder category.

Previous Intimations

This action follows the company’s earlier letters on 17th September 2025 and 5th November 2025, which detailed the receipt of the request and approval from the Board of Directors.

Request to Stock Exchanges

The company formally requests the Stock Exchanges to take the above information on record.

Source: BSE

National Aluminium Company Limited (NALCO) announced its best-ever Q2 and H1 physical and financial performance for FY 2025-26. Q2 net profit surged by 35% YoY to ₹1433 crore. H1 net profit reached ₹2,497 crore. The company achieved record production in Alumina Hydrate, Calcined Alumina, and Aluminium Cast Metal. Alumina sales and cumulative domestic metal sales also hit record highs.

Exceptional Financial Results

NALCO reported a remarkable 35% increase in net profit for the quarter ended September 2025, reaching ₹1433 crore, compared to ₹1,062 crore in the same period last year. Total income from operations for the quarter stood at ₹4292 crore, a 7.2% increase over Q2 of FY 2024-25.

Soaring Half-Yearly Profits

For the first half of the financial year, NALCO’s net profit grew by 50.15%, reaching ₹2497 crore, compared to ₹1,663 crore in the corresponding period of the previous year.

Record-Breaking Production

NALCO achieved its highest-ever production in Alumina Hydrate, Calcined Alumina, and Aluminium Cast Metal for the first half of FY 2025-26. The company’s Alumina Hydrate production reached 11,53,000 MT, and Aluminium Cast Metal production reached 2,34,148 MT in H1 FY 2025–26.

Sales Performance

NALCO achieved its highest-ever Alumina sales of 6,99,913 MT in H1, surpassing the previous best of 6,56,480 MT. The company also recorded its highest-ever cumulative domestic metal sales of 2,25,675 MT in H1 FY 2025-26.

Interim Dividend

The company declared an interim dividend of ₹4 per equity share (80% on the face value of ₹5 each), amounting to ₹734.65 crore for FY 2025–26.

Driving Factors

The strong performance was attributed to enhanced operational efficiencies, cost optimization measures, and supportive market conditions, including a recovery in aluminium prices in the international market and steady domestic demand growth.

Source: BSE

Coromandel International held its Q2 FY26 earnings conference call on October 31, 2025. Key highlights included discussion of the monsoon’s impact, government policies, and company performance. The company reported strong performance across business segments, with fertilizer plants operating above capacity. Management discussed capacity expansion plans, market strategies, and their outlook for the Rabi season. They also answered questions about market share, pricing, and future investments. Consolidated total income grew by 30% for the quarter.

Business Environment

India experienced above-normal monsoon, impacting standing crops and crop input applications. The Northeast monsoon is expected to be above normal. Reservoir levels are healthy, promising a bountiful Rabi season. The government announced MSP revisions and launched a self-reliance mission for pulses with an outlay of INR 11,000 crores. GST rates were reduced for several agri-input products.

Industry Performance

Raw material prices remained steady except for spikes in Ammonia and Sulfur. The industry ensured DAP availability through imports. Unseasonal rains dampened consumption, but overall it remained healthy at 121 lakh tons for H1. Crop protection sector inventory normalized, with improved volume offtake.

Company Performance Highlights

Coromandel reported resilient performance across all business segments. Fertilizer plants operated above capacity, producing 9.1 lakh tons of NPK, up by 3%. Phosphoric acid facility reported enhanced production, up by 13%. A backward integration project for Sulfuric acid and Phosphoric acid is progressing in Kakinada, with commissioning expected in January. NPK capacity enhancement at Kakinada is underway for a million-ton capacity.

Marketing and Retail

Coromandel became the largest phosphatic fertilizer marketer, with a market share of 19% in H1. NPK unique grade share stood at 36%. SSP volumes remained close to last year, with a focus on value-added products. Nano volume was 1,100 KL during the quarter. The company expanded its retail footprint, opening 170 stores in H1 and is on track to reach 1,200 stores in FY26.

Crop Protection and Bio Business

The crop protection business delivered strong performance with revenue up 10% to INR 829 crores and EBIT up 48% to INR 162 crores. Mancozeb volumes grew well in Latin America. NACL Industries acquisition was completed, with revenue growing by 18% to INR 900 crores in H1.

Financial Performance

Consolidated total income was INR 9,771 crores for the quarter and INR 16,897 crores for H1, up by 30% and 38% respectively. Consolidated EBITDA for the quarter was INR 1,147 crores. Net profit after tax for the quarter was INR 793 crores and subsidy received in Q2 was INR 3,336 crores.

Source: BSE

City Union Bank (CUB) announced its Q2 FY26 results, showcasing a 15% growth in Profit After Tax (PAT). Advances grew by 18% year-on-year, while deposits increased by 21%. The bank’s Gross NPA ratio improved to 2.42%, with Net NPA falling below 1%. CUB expects to maintain a stable Net Interest Margin (NIM) and aims for a cost-to-income ratio between 48% and 50% for the fiscal year.

Financial Performance Highlights

City Union Bank (CUB) has demonstrated strong financial performance in Q2 FY26:

• Advances grew by 18% year-on-year.
• Deposits increased by 21%.
• Net Interest Margin (NIM) increased to 3.63%.
• Operating profit grew by 15%.
• Profit After Tax (PAT) grew by 15% to INR 329 crores.

Asset Quality Improvement

CUB has shown significant improvement in asset quality:

• Gross NPA reduced to 2.42% in Q2 FY26 from 2.99% in Q1 FY26.
• Net NPA reduced to 0.90% in Q2 FY26, a 72 bps year-on-year reduction, falling below 1% after 46 quarters.
• SMA numbers stood around 5.60%, showing significant improvement.
• The bank’s Provision Coverage Ratio (PCR) with TW stood at 82%.

Strategic Initiatives and Outlook

City Union Bank is focusing on several strategic initiatives:

• Building a renewable energy portfolio of INR 2,500 crores in the next 24 to 30 months.
• Expecting deposit growth to align with credit growth.
• Expecting a stable NIM with a positive bias in Q3 and Q4.
• Maintaining ROA at current levels of over 1.5%.
• Expecting the cost-to-income ratio to remain in the range of 48% to 50% for FY26.

Growth Drivers and Future Plans

The bank is leveraging its core strength in MSME and gold loans, while also venturing into new avenues to sustain growth momentum. CUB is confident about surpassing industry-level growth in the future. The bank secured a commitment of USD 50 million from IFC to support MSMEs in transitioning to energy-efficient solutions.

The bank plans to add approximately 75 branches annually.

Source: BSE

AEGIS VOPAK has announced the availability of the audio recording of its earnings conference call. The call discussed the unaudited financial results for the quarter and half year ended September 30, 2025. The audio recording, held on November 07, 2025, is accessible on the company’s website for interested investors and analysts.

Earnings Call Recording Available

AEGIS VOPAK TERMINALS LIMITED has released the audio recording of its earnings conference call pertaining to the unaudited financial results for the quarter and half year which concluded on September 30, 2025. The company encourages investors and analysts to access this recording for detailed insights into its financial performance.

Accessing the Recording

The audio recording of the earnings conference call held on November 07, 2025, is now available on the company’s website. This provides stakeholders with a convenient way to review the discussion and analysis presented during the call.

Source: BSE

Sammaan Capital has received in-principle approvals from both the National Stock Exchange of India Limited and BSE Limited regarding its proposed preferential issue. The issue involves the allotment of equity shares and warrants to Avenir Investment RSC Ltd, aggregating to ₹45,87,00,15,429 for equity shares and a specified number of warrants exercisable into equity shares at ₹139 per share/warrant.

Preferential Issue Details

Sammaan Capital has announced the receipt of in-principle approvals related to its preferential issue. The proposed issue involves securities being allotted to Avenir Investment RSC Ltd. The company’s announcement is dated November 7, 2025, and addresses the proposed allocation of equity shares and warrants.

Equity Shares and Warrants

The preferential issue includes 33,00,00,111 fully paid-up equity shares, each with a face value of ₹2, priced at ₹139 per share. The total value of equity shares aggregates to ₹45,87,00,15,429.

Additionally, the issue comprises 8,68,92,966 warrants and 21,97,97,569 warrants, each convertible into one equity share at a price of ₹139 per warrant.

Approval Status

The in-principle approvals have been granted by both the National Stock Exchange of India Limited and BSE Limited.

Source: BSE

Canara Bank has announced its decision to exercise the call option on its Basel III compliant Additional Tier I Bonds. This decision affects bonds with ISIN codes INE476A08100 and INE476A08118. The call option exercise is subject to regulatory approvals and will be executed on the specified due dates. This action is in line with the bank’s capital management strategy.

Call Option Exercise

Canara Bank will exercise the call option on its Basel III compliant Additional Tier I bonds. This decision affects two specific bonds detailed below.

Bond Details

The call option exercise pertains to the following bonds:

< •ISIN: INE476A08100
•Instrument: BASEL III AT I
•Issued Amount: Rs 1635 Cr
•Coupon Rate: 8.50% p.a.
•Date of Issue: 31-12-2020
•Call Option Date: 31-12-2025
•Term of Instrument: Perpetual

< •ISIN: INE476A08118
•Instrument: BASEL III AT I
•Issued Amount: Rs 120 Cr
•Coupon Rate: 8.30% p.a.
•Date of Issue: 02-02-2021
•Call Option Date: 02-02-2026
•Term of Instrument: Perpetual

Regulatory Approval and Execution

The Reserve Bank of India (RBI) has permitted the Bank to exercise the call option. The call option will be executed on December 31, 2025, and February 2, 2026 respectively, as per the terms of issuance.

Source: BSE

Nuvama Asset Management Limited (NAML), a wholly-owned subsidiary of Nuvama Wealth Management Limited, received an administrative warning on November 7, 2025. The warning from SEBI advises NAML to exercise caution and prevent any recurrence of the noted observations. The observations relate to compliance in its capacity as a Portfolio Manager and do not impact the financials or operations of Nuvama Wealth Management Limited.

Administrative Warning Issued to Subsidiary

Nuvama Wealth Management Limited has announced that its wholly-owned subsidiary, Nuvama Asset Management Limited (NAML), has received an administrative warning. The warning was issued on November 7, 2025.

Details of the Warning

The Securities and Exchange Board of India (SEBI) issued the administrative warning, advising NAML to be careful and avoid recurrence of the observations noted during an inspection. The observations relate to the onsite inspection of NAML’s books of accounts and other records while acting as a Portfolio Manager.

The inspection revealed potential violations related to SEBI (PMS) Regulations, 2020, and the SEBI Master Circular for Portfolio Managers. Specific areas of concern included client reporting, data reporting, and NISM certification.

Impact on Nuvama Wealth Management

According to the company’s announcement, this warning is not expected to have any impact on the financials, operations, or other activities of Nuvama Wealth Management Limited or its other subsidiaries/associates. The company is taking measures to address the concerns raised by SEBI and ensure full compliance with all regulations moving forward.

Source: BSE