Great Eastern Shipping has announced that K.M. Sheth will step down as Chairman, effective November 09, 2025, due to age-related reasons. Bharat K. Sheth, currently Deputy Chairman and Managing Director, will assume the role of Chairman. The Board has named K.M. Sheth as ‘Chairman Emeritus’ in recognition of his service. These changes reflect a strategic transition in leadership for the company.

Leadership Transition at Great Eastern Shipping

Effective November 09, 2025, K.M. Sheth will step down from his position as the Non-Executive Chairman of Great Eastern Shipping due to age-related reasons. He joined the company in 1952 and has been a pivotal figure in its growth.

Appointment of Bharat K. Sheth

The Board of Directors has appointed Bharat K. Sheth, currently the Deputy Chairman and Managing Director, as the new Chairman of the company, also effective November 09, 2025. He will now be designated as ‘Chairman and Managing Director’. He joined the company in 1981.

Recognition of K.M. Sheth’s Contribution

In recognition of his long and distinguished service, the Board has appointed K.M. Sheth as ‘Chairman Emeritus’ of the Company for life. This position is honorary.

Source: BSE

Max Healthcare Institute Limited announces that the Scheme of Amalgamation between Crosslay Remedies Limited and Jaypee Healthcare Limited has been officially sanctioned. The National Company Law Tribunal approved the merger, effective October 5, 2024. This strategic move consolidates Max Healthcare’s subsidiary operations, streamlining the group structure. The approval was granted on November 7, 2025.

Merger Sanctioned by Tribunal

The National Company Law Tribunal has officially approved the Scheme of Amalgamation involving Crosslay Remedies Limited and Jaypee Healthcare Limited, both wholly-owned subsidiaries of Max Healthcare Institute Limited. The order, received on November 7, 2025, signifies a key milestone in the company’s restructuring efforts.

Effective Date and Operational Changes

The appointed date for the amalgamation is set for October 5, 2024, as outlined in the approved scheme. With the sanction, Crosslay Remedies Limited will be dissolved without winding up, and its assets and liabilities will be integrated into Jaypee Healthcare Limited. All related contracts and employee agreements will transfer to Jaypee Healthcare, maintaining existing terms.

Scheme Details

The amalgamation scheme ensures the continuation of all legal and taxation proceedings. Further, the authorized share capital will also be adjusted. This merger streamlines the operations of Max Healthcare and is expected to bring efficiency to the overall organizational structure. With effect from the Effective Date, the Authorised Share Capital of the Company is INR 7,57,00,00,000.

Source: BSE

The Shipping Corporation of India (SCI) announced strong financial results for Q2 FY26. Net profit stood at ₹176 crores on a standalone basis and ₹189 crores consolidated. The board has declared an interim dividend of ₹3 per share. The company’s net worth reached ₹7963 crores. SCI’s fleet includes 58 owned and 40 managed vessels.

Financial Performance Highlights

SCI reports the following key financial metrics:

• Standalone Net Profit: ₹176 crores
• Consolidated Net Profit: ₹189 crores
• Interim Dividend: 30% (₹3 per share)
• Net Worth: ₹7963 crores as of September 30, 2025
• Cash Position: ₹1875 crores (including liquid MFs)
• Long Term Loan: ₹2526 crores as of September 30, 2025
• DSCR: 4.24

Fleet Details

SCI’s fleet comprises a total of 58 owned vessels with an average age of 15.50 years. The fleet breakdown is as follows:

• Liner vessels: 2
• Bulk Carriers: 15
• Tankers: 31
• Technical & Offshore: 10

The company also manages 40 vessels.

VLGC Additions

SCI expanded its fleet with the induction of two Very Large Gas Carriers (VLGCs), “Sahyadri” and “Shivalik”, enhancing its presence in energy transportation. The vessels will operate on the Persian Gulf to India trade route.

Q2 FY26 Standalone Performance

The standalone financial highlights for Q2 FY26 show significant Operating Revenue, EBITDA, and PAT. The operating revenue reached ₹1339 crores in Q2 FY26, while the PAT was ₹176 crores.

Segment Performance

A detailed breakdown of segment-wise operating revenue for Q2 FY26:

• Liner: ₹213 Crores
• Bulk: ₹201 Crores
• Tanker: ₹858 Crores
• T&OS: ₹74 Crores

Tanker Market Overview

The Tanker market experienced strong gains across all segments during the quarter. The VLCC market was particularly dynamic, with TCE also gaining higher for VLCC routes. Middle East Gulf Aframax market remained pretty steady through out the quarter.

Liner/Container Business Focus

SCI is strategically positioned to benefit from India’s economic growth by dominating the stable and expanding coastal sector and to maintain 100% service continuity by strategically rerouting the operations to ensure predictable delivery for the customers.

Source: BSE

Bajaj Finance announces the cessation of Shri Anupam Sirbhaiya as Senior Management Personnel effective November 1, 2025. This follows Shri Sirbhaiya’s movement to Bajaj Finserv Limited. The announcement was made on November 7, 2025, reiterating the company’s commitment to transparency in leadership changes.

Senior Management Change

Bajaj Finance has announced that Shri Anupam Sirbhaiya has ceased to be a Senior Management Personnel of the company, effective November 1, 2025. This change is due to his move to Bajaj Finserv Limited.

Resignation Details

The announcement, dated November 7, 2025, references a previous letter from November 1, 2025, which had already intimated the movement of Shri Sirbhaiya. Shri Sirbhaiya has served as the Chief HR and Administration Officer and will be taking on the role of Group Chief Human Resources Officer at Bajaj Finserv Limited.

Effective Date

The cessation of Shri Anupam Sirbhaiya as Senior Management Personnel is effective from November 1, 2025, marking the end of his role at Bajaj Finance.

Source: BSE

Ola Electric reported a 30.7% gross margin in Q2 FY26, surpassing many ICE companies. The Auto business turned cash-generative with ₹15 crore in cash flow from operations. The company commissioned a 2.5 GWh Gigafactory and launched Ola Shakti, a residential BESS product. Motorcycle sales accounted for 12%-15% of total volume. The company expects gross margins of 36%-37% going forward, targeting a ₹1,000 crore revenue from the BESS unit in FY27.

Strong Q2 Performance

During the Q2 FY26 earnings call, Bhavish Aggarwal, Chairman and Managing Director of Ola Electric Mobility Limited, highlighted the company’s strong progress towards profitability. Key achievements include:

• Gross Margin: Achieved 30.7% gross margin in the Auto business.
• Cash Flow: The Auto business became cash-generative, reporting ₹15 crore in cash flow from operations.
• Gigafactory: Commissioned a 2.5 GWh Gigafactory, with plans to scale up to 5.9 GWh by March.

BESS Business Expansion

Ola Electric expanded into the energy segment with the launch of Ola Shakti, a residential Battery Energy Storage System (BESS) product. The company anticipates significant revenue from this segment:

• Q4 FY26 Revenue: Expects approximately ₹100 crore in revenue, selling around 7,000-8,000 units.
• FY27 Revenue Target: Aims for ₹1,000 crore in revenue from the BESS business.

Motorcycle Sales and ASP

The company also shared details on its motorcycle sales and Average Selling Price (ASP):

• Motorcycle Mix: Motorcycle sales accounted for 12%-15% of the total volume in Q2.
• ASP Increase: The two-wheeler business ASP increased from approximately ₹121,000 to ₹131,000.

Future Outlook and Strategy

Ola Electric is focused on consolidating its operations, improving cost efficiencies, and launching new products. Key strategies include:

• Gross Margin Improvement: Expects gross margins of 36%-37% from Q4 FY26 onwards.
• Market Share Target: Aims to be one of the top 1-2 leading players with a market share of around 25%.

Warranty and Service

The company is actively working to improve its service network and address customer concerns:

• Defect Rates: Gen 3 products have almost half the defect rates compared to previous generations.
• Service Improvement: The Hyperservice initiative aims to make parts openly available and improve the service experience.

Source: BSE

Eternal Limited (formerly Zomato Limited) has received a GST demand order for INR 18.39 lakhs for the period of April 2018 to March 2019. The order, issued by the Deputy Commissioner, State Tax, Lucknow, includes interest and a penalty of an equivalent amount. The company intends to appeal the order, believing it has a strong case.

GST Demand Details

Eternal Limited has received an order confirming a GST demand of INR 18,39,310 for the period covering April 2018 to March 2019. The demand includes applicable interest and a penalty of INR 18,39,310. The order was received on November 7, 2025.

Basis of the Demand

The demand order pertains to the excess availment of input tax credit and includes both interest and penalty components.

Company Response

Eternal Limited believes it has a strong case on the merits and plans to file an appeal against the order with the appropriate authority. The company does not expect any financial impact.

Source: BSE

Petronet LNG has declared an interim dividend of ₹7.00 per share for the financial year 2025-26. The record date for determining the entitlement of members to the dividend is November 14, 2025. The dividend will be paid subject to tax deduction at source (TDS), and warrants will be dispatched within 30 days from the declaration date. This announcement was made on November 7, 2025.

Interim Dividend Details

Petronet LNG’s board has declared an interim dividend of ₹7.00 (Seven Rupees only) per share, based on the face value of ₹10 per share. This dividend is for the financial year 2025-26.

Record Date

The record date for ascertaining the entitlement of members to the interim dividend has been fixed as Friday, November 14, 2025.

Dividend Payment

The declared interim dividend is subject to tax deduction at source (TDS) as per the provisions of the Income Tax Act, 1961. The company will post the dividend warrants within 30 days from the declaration date, in compliance with the Companies Act, 2013.

Source: BSE

ZF Commercial Vehicle Control Systems India Limited has received a demand order for INR 465.9 lakhs from the Joint Commissioner, CGST and Central Excise, Jamshedpur. The demand pertains to the period from FY 2018-19 to FY 2022-23, primarily relating to the availment of excess/ineligible Input Tax Credit. The company intends to dispute the demand.

Demand Order Details

ZF Commercial Vehicle Control Systems India Limited received a demand order on November 7, 2025 from the Joint Commissioner, CGST and Central Excise, Jamshedpur. This order includes a demand of INR 4,65,90,929 under Section 74(1), a penalty of INR 4,65,90,929 under section 74(9), and applicable interest under section 50 of the Central Goods and Services Tax Act, 2017.

Financial Impact and Company Response

The demand order is related to the period covering FY 2018-19 to FY 2022-23 and arises primarily from issues concerning the availment of excess or ineligible Input Tax Credit. While the company acknowledges the receipt of this order, it believes that there is no material impact on its financial operations or other activities. ZF Commercial Vehicle Control Systems India Limited intends to dispute the demand.

Source: BSE