Bandhan Bank announced that Mr. P Ramaswamy, Chief of Internal Vigilance, has resigned from his position due to personal reasons. His resignation is effective February 21, 2026. He will continue in his role as per bank policies until his last working day. The bank has already uploaded this disclosure on its website.

Senior Management Change

Bandhan Bank has announced a change in its senior management. Mr. P Ramaswamy, who holds the position of Chief of Internal Vigilance, has tendered his resignation.

Reason for Resignation

According to the official announcement, Mr. Ramaswamy’s decision to resign is due to personal reasons. The resignation letter is dated November 24, 2025.

Transition Details

Mr. Ramaswamy will continue to serve in his current capacity in accordance with the bank’s policies until February 21, 2026, which will be his last working day with Bandhan Bank.

Source: BSE

Aditya Birla Capital Limited has announced the allotment of 200 Unsecured, Rated, Listed, Taxable, Redeemable Non-Convertible Perpetual Debentures. The face value is Rs. 1,00,00,000 per debenture, aggregating to Rs. 2,00,00,00,000 on a private placement basis to identified investors. The allotment was finalized on November 25, 2025.

Debenture Allotment Details

Aditya Birla Capital Limited has allotted 200 Unsecured, Rated, Listed, Taxable, Redeemable Non-Convertible Perpetual Debentures on a private placement basis. The face value of each debenture is Rs. 1,00,00,000, resulting in a total aggregation of Rs. 2,00,00,00,000. The date of allotment is November 25, 2025.

Key Terms of the Debentures

These debentures are unsecured. The issue size was Rs. 200 Crore, with a green shoe option up to Rs. 100 Crore. The tenor of the debentures is perpetual, with a call option exercisable any time after 10 years and 6 months and one day (i.e., May 26, 2036) from the deemed date of allotment. The coupon rate is 8.3765% p.a., payable annually on November 25th of each year.

Redemption Details

The debentures will be redeemed at a redemption price of Rs.1,00,00,000 per debenture on the date of maturity.

Source: BSE

Indraprastha Gas Limited (IGL) has entered into a Joint Venture Agreement with CEID Consultants & Engineering Private Limited to establish Compressed Bio Gas Plant/Biofuel Projects. The equity participation will be split 50:50 between IGL and CEID. The Board of Directors will consist of four directors, with two nominated by each party. This strategic move aims to expand IGL’s footprint in the renewable energy sector.

Strategic Joint Venture

Indraprastha Gas Limited (IGL) announced a strategic move into the renewable energy sector by entering into a Joint Venture Agreement with CEID Consultants & Engineering Private Limited. The agreement, finalized on November 25, 2025, will facilitate the setup of Compressed Bio Gas Plant/Biofuel Projects, marking a significant step for IGL in diversifying its energy portfolio.

Equity and Governance Structure

The Joint Venture will see an equal equity participation, with IGL and CEID holding 50% each. The governance of the venture will be managed through a Board of Directors comprising four members, with each partner nominating two directors. This structure ensures balanced control and decision-making in the new entity.

Focus on Compressed Bio Gas

The primary focus of the Joint Venture is to establish and operate Compressed Bio Gas (CBG) Plants and Biofuel Projects. This initiative aligns with the growing emphasis on sustainable energy solutions and aims to contribute to a cleaner energy mix. Details of the Joint Venture are enclosed as Annexure-A.

Source: BSE

Bank of Maharashtra has announced the appointment of Prabhat Kiran as Executive Director, effective November 24, 2025. The appointment, made by the Central Government, is for a term of three years. Kiran brings extensive experience from Canara Bank, where he served as Chief General Manager, promising valuable leadership to Bank of Maharashtra.

Executive Director Appointment

Prabhat Kiran has been appointed as Executive Director (ED) of Bank of Maharashtra. The appointment, effective from November 24, 2025, was made based on a notification issued on November 24, 2025.

Appointment Details

The Central Government has appointed Prabhat Kiran, previously Chief General Manager at Canara Bank, as Executive Director. The term will last for three years from the date of assuming office or until further notice, whichever comes first.

Profile of Prabhat Kiran

Prabhat Kiran, aged 54 years, brings 30 years of banking experience. He holds a B.A. (Hons) and a PG Diploma in Business Administration, along with CAIIB certification. His career began in 1996 with Canara Bank. He has experience in SME, Corporate lending, Risk Management, and International operations. Before joining Bank of Maharashtra, he was the Chief General Manager at Canara Bank and headed the Large Corporate Wing.

Source: BSE

Karur Vysya Bank (KVB) has announced the opening of two new branches. One is located in Melapalayam, Tirunelveli, and the other in Sarpavaram Junction, Kakinada. Both branches commenced operations on November 27, 2025. This expansion aims to enhance the bank’s service reach and cater to a broader customer base.

Branch Expansion Announcement

Karur Vysya Bank (KVB) is expanding its network with the inauguration of two new branches. The announcement, dated November 25, 2025, details the locations and opening dates of these branches.

New Branch Locations and Opening Dates

The two new branches are located at the following addresses:

Melapalayam Branch: No.23, Azad Road, Melapalayam, Tirunelveli – 627 005. Opening date: 27.11.2025

Sarpavaram Branch: D.No.69-5-8, Opp Old Trust Hospital, Sarpavaram Junction, Kakinada-533 005. Opening date: 27.11.2025

These new branches will offer a range of banking services to customers in these locations, contributing to KVB’s growth strategy.

Source: BSE

NCC has been awarded a significant order worth ₹2,062.71 Crore (excluding GST) from the Public Works Department (Health & Education), Assam. The project involves the expansion and modernization of Gauhati Medical College & Hospital in Guwahati. The construction is expected to be completed within 42 months, followed by 5 years of comprehensive operation and maintenance.

Major Order Secured in Assam

NCC has announced the receipt of a Letter of Acceptance for a substantial project from the Public Works (Health & Education) Department, Assam. The project focuses on the expansion and modernization of the Gauhati Medical College & Hospital in Guwahati, Assam.

Project Details

The total contract value is ₹2,062.71 Crore (excluding GST). The project duration includes 42 months for construction, encompassing demolition, planning, designing, and engineering, followed by 36 months for execution. After construction, there will be a 5-year period of comprehensive operation and maintenance for civil and service works.

Project Timeline

Construction is expected to take 42 months. This period includes 6 months for demolition, planning, designing, and engineering, and 36 months for the actual execution of the project. Following completion, NCC will also handle the comprehensive operation and maintenance of the facility for 5 years.

Source: BSE

Gravita India has addressed queries regarding a recent increase in its trading volume. The company confirms that it has made all necessary disclosures and has not withheld any material or price-sensitive information. According to Gravita, the trading volumes are purely market-driven, reflecting standard investor activity in the market. This announcement was made on November 25, 2025.

Response to Volume Increase Queries

Gravita India has responded to queries regarding the recent surge in its share trading volume, as per a letter dated November 25, 2025.

Company Statement

Gravita India has stated that they have complied with all disclosure requirements and have not withheld any information that could influence the trading behavior of its stock. The company maintains that volumes in shares are purely market driven.

The company affirms its commitment to transparently disclosing all relevant events and price-sensitive information to the stock exchanges in a timely manner.

Source: BSE

United Breweries Limited, part of the HEINEKEN Company, has announced the launch of Heineken Silver in New Delhi, effective November 25, 2025. This introduction marks a significant expansion of the Heineken brand in India. Heineken Silver, known for its crisp, refreshing taste, is targeted at consumers seeking easy enjoyment without compromising on flavour.

Heineken Silver Arrives in Delhi

United Breweries Limited (UBL) has officially launched Heineken Silver in New Delhi on November 25, 2025. This launch signifies an important move to grow the premium beer category in India.

Target Consumer and Taste Profile

Heineken Silver is designed for consumers looking for smoother and lighter beers. The brand promises a crisp, refreshing taste and an exceptionally smooth finish, crafted for easy enjoyment without sacrificing flavour.

Pricing and Availability

Heineken Silver is now available in New Delhi with the following pricing:

• 330ml bottle: INR 155
• 500ml can: INR 180
• 650ml bottle: INR 305

Source: BSE

Manish Gulati, an Executive Director at HEG Limited, has disclosed the purchase of 4,000 equity shares of the company through a market purchase on November 24, 2025. The transaction, valued at ₹19,88,360, increases his stake in the company by approximately 0.002%. The shares were acquired at ₹497.09 per share. This acquisition reflects positively on the director’s confidence in the company’s future.

Executive Director’s Share Acquisition

An announcement on November 25, 2025, revealed that Manish Gulati, an Executive Director of HEG Limited, acquired 4,000 equity shares of the company. This purchase was executed through the market on November 24, 2025.

Details of the Transaction

The total value of shares purchased by the Executive Director amounted to ₹19,88,360, with each share acquired at a price of ₹497.09. As a result of this transaction, Manish Gulati’s shareholding in HEG Limited increased by 0.002%.

Implications of Share Purchase

The acquisition of shares by a key executive often signals confidence in the company’s prospects and growth potential. The additional stake strengthens Manish Gulati’s commitment to HEG Limited.

Source: BSE

Exide Industries has invested ₹75 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), through equity share subscription. This investment increases Exide’s total investment in EESL to ₹4,022.23 crore. The funds will support EESL’s lithium-ion battery business and its greenfield plant project in Bengaluru, without changing Exide Industries’ shareholding percentage in EESL.

Investment in Exide Energy Solutions

Exide Industries Limited has announced an investment of ₹75 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). The investment was made on November 25, 2025, through subscription to equity shares of EESL on a rights basis.

Details of the Investment

The ₹75 crore investment was made by subscribing to the equity share capital of EESL. Following this investment, the total investment made by Exide Industries in EESL amounts to ₹4,022.23 crore.

Purpose of the Investment

EESL is focused on manufacturing and selling lithium-ion battery cells, modules, and packs. It is currently setting up a greenfield plant in Bengaluru. The equity infusion from Exide Industries will be used to support the ongoing green field project and to meet other funding requirements of the subsidiary.

Impact on Shareholding

Despite the new investment, Exide Industries’ shareholding percentage in EESL remains unchanged at 100%.

Exide Energy Solutions Overview

Exide Energy Solutions Limited (EESL) was incorporated on March 24, 2022. As of March 31, 2025, EESL had a net worth of ₹2,738.06 crore and a turnover of ₹116.89 crore. The company reported a loss after tax of ₹209.12 crore for the year ended March 31, 2025.

Source: BSE