TVS Motor Company has launched its refreshed range of three-wheelers under the TVS King brand in Ghana. The new versions, TVS King Deluxe Plus and TVS King Deluxe Plus XL, feature a larger 10-liter fuel tank, tubeless tires, and a bigger utility box. The XL variant boasts a 1,405 mm wide passenger cabin. These models aim to strengthen TVSM’s position in Western Africa.

New TVS King Models Launched

TVS Motor Company has launched the TVS King Deluxe Plus and TVS King Deluxe Plus XL in Ghana on November 21, 2025. These three-wheelers aim to provide reliable and efficient public transit solutions. The launch expands the company’s global presence.

Key Features

The TVS King Deluxe Plus and TVS King Deluxe Plus XL offer a host of convenience features, including a 10-litre fuel tank, tubeless tires, and a 100-litre utility box for ample storage.

The XL variant features a 1,405 mm wide passenger cabin.

Both models include heavy-duty B&C pillars, a thick canopy, a stronger chassis, and a longer steering column.

The vehicles are powered by a fuel-efficient and reliable 200cc air-cooled engine.

Comments from Leadership

Mr. Rahul Nayak, Senior Vice President – International Business, TVS Motor Company, stated that Ghana is a high-potential market and expressed pleasure in introducing the company’s advanced three-wheelers there. He emphasized the commitment to delivering advanced technology and value to Ghana’s entrepreneurs and transport operators.

Mr. Dev Bulani, Managing Director, Arash Motors, expressed pride in partnering with TVS Motor Company and highlighted that the TVS King Deluxe Plus and TVS King Deluxe Plus XL will bring a new level of comfort, performance, and reliability to the three-wheeler segment.

Availability and Network

The product will be available across Ghana with a network of 75 dealers, over 100 sales touch points, and 200 service centers.

Source: BSE

Reliance Industries informs about the company’s participation in an Institutional Investors’ Meeting. The meeting, organized by a third party, involved company executives. The company confirms that no unpublished price-sensitive information was shared or discussed during the meeting. The announcement is dated November 21, 2025.

Institutional Investor Engagement

Reliance Industries Limited wishes to inform its stakeholders regarding the Company executives’ participation in an Institutional Investors’ Meeting. The Company confirms that this meeting was organized by a third party.

Key Details of the Meeting

The meeting took place on November 21, 2025, in Mumbai. The type of meeting/event was a JM Financial India Conference. During the course of the meeting, the company states that no unpublished price-sensitive information was shared or discussed.

Source: BSE

Ventive Hospitality announced strong Q2 FY26 results, with EBITDA growing by 50% and revenue up 28% year-over-year. The company reported robust performance in both India and Maldives, driven by operational efficiency and strategic acquisitions. India’s revenue grew by 14% and EBITDA by 47%. The company also highlighted key acquisitions and sustainability efforts.

Financial Highlights

Ventive Hospitality reported a consolidated revenue of ₹554.5 crores, a 28% increase year-over-year. Excluding foreign exchange gains, revenue growth was 16.6%. EBITDA reached ₹254.8 crores, up 50% year-over-year, with margins expanding to 46%.

India Business Performance

The India business saw revenue growth of 14% and EBITDA growth of 47%. This was driven by increased ADR (Average Daily Rate), which grew by 12% to ₹11,335. Occupancy in India improved to 66%, resulting in RevPAR (Revenue Per Available Room) growth of 13% to ₹7,486. F&B and banqueting revenues also increased by 17%.

Maldives Portfolio

The Maldives portfolio continued its strong performance, with EBITDA growing by 164% year-over-year. Same-store EBITDA rose 91%, with margins up by 5 percentage points to 13%. This was attributed to operational recovery and integration of assets. The company is also making progress on its solar installation program across all three resorts.

Strategic Acquisitions

Ventive Hospitality announced strategic acquisitions: a controlling stake in Soboho Private Limited to operate Soho House in India and the acquisition of a 76% stake in the Hilton Goa Resort. The investment for the Soho House deal is approximately ₹60 crore for a 51% stake, and the Hilton Goa Resort acquisition involved a minimal initial cash outflow of ₹120 crore.

Debt and Financial Position

The company’s cost of funds has decreased, with Indian assets seeing a reduction of 0.8% (from 8.2% to 7.36%) and Maldivian debt reduced by 0.5% (from 7.7% to 7.27%). As of September 30, 2025, total debt stood at ₹2,129 crore, and the company retains an AA rating with a stable outlook from CRISIL.

Sustainability Initiatives

Ventive Hospitality continues its focus on sustainability, with the Ritz Carlton, Pune, achieving the highest LEED Platinum Certification and ISO 14001:2015. Other initiatives include eco-certifications for Conrad Maldives Rangali Island and partnerships for seagrass ecosystem protection.

Expansion Pipeline

The company aims to reach 4000 keys by FY30. Projects under development include assets in Varanasi (by FY28), a Ritz Carlton Reserve (also by FY28), and an AC by Marriott (by FY27). Four ROFO assets are expected to be ready by FY30.

Source: BSE

Infosys Foundation has announced the winners of the 2025 Aarohan Social Innovation Awards, awarding INR 2 crore to eight innovators. The awards recognize transformative innovations in education, healthcare, and environmental sustainability. Winners receive INR 50 lakh each for their impactful solutions. The awards highlight Infosys Foundation’s commitment to driving social impact through technology and compassion across India.

Recognizing Social Innovators

Infosys Foundation, the philanthropic arm of Infosys, has revealed the winners of the fourth edition of the Aarohan Social Innovation Awards on November 21, 2025. These awards, initiated in 2018, celebrate individuals and teams creating breakthrough solutions for social good, aimed at improving lives across India.

Award Focus Areas

The 2025 awards recognized innovations in three key areas: Education, Healthcare, and Environmental Sustainability. These align with Infosys Foundation’s mission to drive social impact through technology, creativity, and compassion. Over 2,000 entries were evaluated by an eminent jury.

Winning Innovations

Each winner of the Aarohan Social Innovation Awards 2025 will receive INR 50 lakh for their impactful innovations:

Education: Connecting the Dots

Rajesh A Rao, Ravindra S Rao, and Deepa L B Rajeev from Bengaluru developed ‘Connecting the Dots,’ an interactive learning program designed to teach STEM and spoken English to government school students (Grades 6-10) through daily live classes, lab kits, scholarships, and teacher training.

Healthcare: CLUIX C012

Chitranjan Singh and Robin Singh from New Delhi created ‘CLUIX C012’, a portable Al- and loT-enabled water-quality analyzer that provides real-time, GPS-tagged reports, testing 14 parameters to identify waterborne diseases within 30 minutes. The affordable testing is available across urban and rural areas.

Environmental Sustainability: Borecharger

Rahul Suresh Bakare and Vinit Moreshwar Phadnis from Pune developed ‘Borecharger’, the world’s first robotic artificial borewell-recharge technique that injects 4 to 80 lakh liters of rainwater into existing borewells annually. This enhances irrigation, farm production, farmer income, drinking water quality and quantity.

Jury Special Award Winners

In addition to category winners, the jury recognized five social innovations, awarding prize money of INR 10 lakh each:

Sukoon

A smart jacket based on a Digital Hybrid-IDEC mechanism, created by Phalgun Mukesh Vyas from Pune.

Comprehensive Wildlife Management Platform

A web-based platform for managing wildlife rescue, treatment, rehabilitation, and release, developed by Neha Panchamiya and Nachiket Utpat from Pune.

Project Bindu

An initiative for creating remote, tech-enabled work ecosystems for persons with disabilities, created by Sowmya S and Pallavi Kulkarni from Pune.

CERVICHECK

India’s first CDSCO-approved at-home self-sampling kit for HPV screening developed by Anirban Palit, Dr. Sayantani Pramanik, and Palna Patel from Vadodara.

Hexis & Iris

India’s only integrated learning ecosystem for visually impaired students combining a unique refreshable Braille display by Nagarajan Rajagopal, Vidhya Y, and Supriya Dey from Bengaluru.

Source: BSE

United Spirits Limited’s Board of Directors has recommended the appointment of M/s. Walker Chandiok & Co. LLP as the new Statutory Auditors, effective from the conclusion of the 27th Annual General Meeting (AGM) to be held in FY 2026-27. The appointment, subject to shareholder approval, is for a term of five years. M/s. Price Waterhouse & Co., the current Statutory Auditors, will complete their term at the conclusion of the 27th AGM.

Auditor Appointment Recommendation

The Board of Directors of United Spirits Limited has recommended the appointment of M/s. Walker Chandiok & Co. LLP as the Statutory Auditors of the company for a term of five years. This recommendation follows a review by the Audit Committee.

Effective Period and Current Auditors

The appointment of M/s. Walker Chandiok & Co. LLP is slated to be effective from the conclusion of the 27th Annual General Meeting to be held in FY 2026-27, extending up to the 32nd AGM in FY 2031-32. M/s. Price Waterhouse & Co., Chartered Accountants LLP, the existing Statutory Auditors, will conclude their second term of five years upon the conclusion of the 27th AGM.

Shareholder Approval

The proposed appointment of M/s. Walker Chandiok & Co. LLP will be presented to the shareholders for their approval at the upcoming 27th AGM of the Company, scheduled for FY 2026-27.

Walker Chandiok & Co. LLP Overview

M/s. Walker Chandiok & Co. LLP, established in 1935, is a Chartered Accountancy firm registered with the Institute of Chartered Accountants of India (ICAI). The firm has over 2100 personnel, eighty-eight partners and provides audit and assurance services to a number of large companies.

Source: BSE

India Ratings has affirmed AU Small Finance Bank’s certificate of deposits at ‘IND A1+’. However, the rating for the Tier II bonds has been withdrawn, as the instrument has been fully paid. The affirmation reflects the bank’s strong franchise, above-average profitability, and adequate capital buffers. Ind-Ra continues to take a standalone view of AU SFB to arrive at the ratings.

Rating Affirmation and Withdrawal

India Ratings and Research (Ind-Ra) has announced the following rating actions regarding AU Small Finance Bank Limited (AU SFB). The rating for the bank’s certificate of deposits has been affirmed, while the rating for its Tier II bonds has been withdrawn. The announcement was made on November 21, 2025.

Details of the Rating Actions

The specific actions taken by India Ratings are:

• Certificate of Deposit: Affirmed at ‘IND A1+’
• Tier II Bond: Withdrawn

The withdrawal of the Tier II bond rating is due to the instrument being fully paid. The rating on the short-term instruments, i.e. Certificate of Deposits, was affirmed considering the bank’s financial standing.

Rationale for the Rating

The affirmation of the rating reflects several factors, including the bank’s small but fast-growing franchise, above-average profitability metrics, adequate capital buffers, moderate liability franchise with progressing granularity, and increasing diversification in assets and liabilities from its home state (Rajasthan). Further, AU SFB’s granular retail assets franchise has been generating higher yields compared to its peers, offsetting the higher cost of funds.

Key Rating Drivers

The key strengths supporting the rating include:

• Well-positioned retail asset franchise
• Scaling secured products for market leadership
• Healthy capital base with earnings resilience

However, the rating is also constrained by weaknesses such as asset quality under pressure and moderate granular retail liabilities.

Financial Performance

At the end of Q2FY26, the bank’s gross loan portfolio stood at INR1,228.8 billion, the total asset base was INR1,655.4 billion, with 2,626 touchpoints across 21 states and four union territories. The bank’s capital buffers remained adequate, with shareholder funds of INR183.2 billion and a capital adequacy ratio of 18.8%.

Source: BSE

Tata Chemicals has announced its Board of Directors approved an investment of ₹135 crore for the expansion of dense soda ash manufacturing capacity at its Mithapur plant and ₹775 crore for precipitated silica at its Cuddalore plant. The soda ash expansion will add 350 Kilo Tonnes per annum capacity, while the precipitated silica expansion will add 50 Kilo Tonnes per annum. The projects are expected to be completed in 24 and 27 months respectively.

Capacity Expansion Plans

The Board of Directors of Tata Chemicals has greenlit significant expansion plans for its manufacturing facilities. These strategic investments aim to bolster the company’s production capabilities in key product segments.

Soda Ash Expansion at Mithapur

An investment of ₹135 crore has been earmarked for the expansion of dense soda ash manufacturing capacity at the company’s plant located in Mithapur. This expansion is expected to add 350 Kilo Tonnes per annum to the existing capacity. The expansion is projected to be completed within the next 24 months.

Precipitated Silica Expansion at Cuddalore

Furthermore, an investment of ₹775 crore has been approved for the expansion of precipitated silica manufacturing capacity at the plant in Cuddalore, Tamil Nadu. This expansion will add 50 Kilo Tonnes per annum to the plant’s capacity. The project is expected to be completed over the next 27 months.

Rationale and Financing

The expansions are driven by the growing demand for soda ash and specialty silica. The projects will be financed through various options, including internal accruals. The expansion of precipitated silica is geared toward meeting the growing needs of the rubber and automotive tire industry.

Existing Capacity and Utilization

The current capacity for Soda Ash at Mithapur is 1,091 Kilo Tonnes per annum, with a utilization rate of 90%. The existing capacity for Precipitated Silica at Cuddalore is 13.8 Kilo Tonnes per annum, operating at 86% utilization.

Source: BSE

NBCC (India) Limited has announced that it has secured new work orders totaling approximately ₹71.86 Crore. These projects encompass consultancy services and construction for various clients, including the National Institute for Empowerment of Persons with Multiple Disabilities and the National Horticulture Board. The details of the new projects are outlined below.

New Project Details

NBCC (India) Limited has received multiple new work orders in the normal course of business, aggregating to approximately ₹71.86 Crore. The key projects are detailed below:

National Institute for Empowerment of Persons with Multiple Disabilities (NIEPMD) Project

NBCC will provide project management consultancy (PMC) services for the construction of a new campus for the Composite Regional Centre (CRC) at Pudhupatti, Madurai, Tamil Nadu. The value of this project is approximately ₹29.49 Crore (excluding GST).

National Horticulture Board Project

NBCC will undertake the planning, designing, and execution of the International Potato Centre (CIP) in Agra, along with other miscellaneous works for the National Horticulture Board. This project is valued at approximately ₹42.37 Crore.

Overall Impact

These new work orders are expected to contribute positively to NBCC’s revenue stream and demonstrate the company’s continued strength in securing diverse projects across India. The consolidated value of these projects is ₹71.86 Crore, further solidifying NBCC’s position in the construction and consultancy sectors.

Source: BSE

SKF India Limited announced the apportionment of cost of acquisition for equity shares following the demerger of its Industrial Business into SKF India (Industrial) Limited. Shareholders can apportion their pre-demerger cost, with 46.88% allocated to SKF India Limited and 53.12% to SKF India (Industrial) Limited. This apportionment is effective from October 15, 2025, the record date.

Demerger Cost Apportionment

Following the sanctioned Scheme of Arrangement, SKF India Limited provided guidance on how shareholders should apportion the cost of acquisition of equity shares between SKF India Limited (the original company) and SKF India (Industrial) Limited (the resulting company).

Allocation Percentages

As a result of the demerger, the cost of acquisition should be divided as follows:

* SKF India Limited: 46.88%
* SKF India (Industrial) Limited: 53.12%

Important Dates

This apportionment is effective from the record date, which was October 15, 2025. This impacts the cost basis for shareholders calculating capital gains after the demerger.

Disclaimer

This information is for general guidance only, and shareholders are advised to consult their own tax advisors to understand the specific tax implications relevant to their individual circumstances. The company assumes no liability regarding this guidance.

Source: BSE

Canara Bank has announced the record date and interest payment details for its Basel III Compliant Tier II Bonds. The record date is set for December 23, 2025, with an interest rate of 8.40%. The redemption and interest payment are due on January 7, 2026. This announcement is for eligible bondholders to receive interest and principal on the due date.

Basel III Tier II Bonds: Payment Details

Canara Bank has announced the details for the redemption and interest payment of its Basel III Compliant Tier II Bonds. The bonds, identified by ISIN INE476A08043, have a total issued amount of ₹900.00 Cr.

Key Dates and Interest Rate

The interest rate for these bonds is set at 8.40%. The redemption and interest payment due date is January 7, 2026. The record date to determine eligible bondholders for this payment is December 23, 2025.

Source: BSE