Nykaa has appointed Chetan Sharma as the new Company Secretary and Compliance Officer, effective November 26, 2025. The appointment was made based on the recommendation of the Nomination and Remuneration Committee and approved by the Board of Directors. Sharma brings over 19 years of experience in Company Secretarial, Legal, Governance, and Compliance roles across various industries.

Key Leadership Appointment

Nykaa has announced the appointment of Chetan Sharma as the Company Secretary and Compliance Officer, effective November 26, 2025. This decision was made following the recommendation of the Nomination and Remuneration Committee and subsequently approved by the Board of Directors during their meeting held on November 26, 2025.

Chetan Sharma’s Background

Mr. Sharma brings over 19 years of diversified experience across Company Secretarial, Legal, Governance, and Compliance functions, spanning various industries. His experience includes roles in Pharmaceuticals, Automobiles, Manufacturing, IT, and Financial / Investment Banking Services. He previously served as the Group Company Secretary and Compliance Officer of the Emcure Pharmaceuticals Group, where he led several strategic initiatives, including an IPO and the establishment of a Group Compliance Framework.

Earlier in his career, Mr. Sharma held leadership positions with Varroc Engineering and Cadila Pharma Group, managing compliances, governance, legal affairs, and strategic initiatives. He also has experience in investment and merchant banking.

Qualifications and Expertise

Mr. Sharma is a qualified Company Secretary and Chartered Secretary. He holds degrees in LLB, LLM, M.Com, and MBA, along with an executive Leadership Certification from IIM, Ahmedabad, and a certification course on IPR from IIM, Bengaluru.

No Conflicts of Interest

Mr. Chetan Sharma is not related to any of the Directors or Promoters of the Company.

Source: BSE

Asian Paints announces the establishment of a second paint manufacturing facility in the United Arab Emirates (UAE) through its step-down subsidiary, Berger Paints Emirates Ltd Co (L.L.C). With an investment of AED 140 million (approximately INR 340 crores), the facility will have an initial capacity of 55,800 KL per annum and cover 100,000 sqm within Khalifa Economic Zones Abu Dhabi (KEZAD).

New Manufacturing Plant

Asian Paints has announced the setting up of a second paint manufacturing facility in the United Arab Emirates (‘UAE’). This expansion is through its step-down subsidiary, Berger Paints Emirates Ltd Co (L.L.C), UAE. This development signifies a strategic move to enhance its manufacturing capabilities in the region.

Investment and Capacity

The company is investing AED 140 million, which is approximately INR 340 crores, into this new facility. The plant is designed to have an initial production capacity of 55,800 KL per annum. The expansion will enable Asian Paints to better serve the growing demand in the UAE market.

Location and Size

The manufacturing facility will be spread across an area of 100,000 sqm. It will be located within the Khalifa Economic Zones Abu Dhabi (‘KEZAD’). This strategic location will provide logistical advantages and support the efficient operation of the new plant.

Date of Announcement

The announcement regarding the new manufacturing facility was made on 26th November 2025.

Source: BSE

Havells India has approved acquiring a 26% stake in Kundan Solar (Pali) Private Limited for INR 5.63 Crores. This Special Purpose Vehicle (SPV) focuses on developing, installing, operating, and maintaining solar power plants. This investment will enable Havells to strategically reduce dependence on fossil fuels and save on power costs at Rajasthan plants. The solar plant is expected to be commissioned in Q2 FY26-27.

Strategic Investment in Solar Power

Havells India announced its investment into renewable energy through the acquisition of a 26% stake in Kundan Solar (Pali) Private Limited. This decision was made during a meeting held on November 26, 2025. This investment underscores Havells’ commitment to sustainable energy practices and optimizing operational costs.

Kundan Solar Overview

Kundan Solar, incorporated on April 3, 2025, operates as a Special Purpose Vehicle (SPV) under Kundan Green Energy Private Limited, itself a part of the Kundan Group. Its primary activity is developing, installing, operating, and maintaining solar power plants.

Deal Rationale

The investment into Kundan Solar is intended to reduce dependence on traditional fossil fuels. Kundan Solar will establish a 15 MWac solar power plant, and Havells intends to secure a long-term Power Purchase Agreement (PPA) for up to 25 years.

Financial Details and Timeline

The total investment value is INR 5.63 Crores, securing a 26% stake in Kundan Solar. The project is slated for completion by June 30, 2026, and commissioning is expected in Q2 FY26-27. Savings in power costs are projected at plant locations in Rajasthan, with payback anticipated within approximately 12-18 months from commissioning.

Regulatory Context

Havells is required to maintain a minimum of 26% shareholding in the solar entity to qualify as a captive consumer under electricity laws.

Source: BSE

Mankind Pharma has allotted 46,582 equity shares under its Employee Stock Option Plan 2022. The shares, with a face value of ₹1 each, were allotted to eligible employees who exercised their options. Following the allotment, the company’s paid-up share capital increased to ₹41,28,05,072. These shares rank equally with the existing equity shares.

Equity Shares Allotment

Mankind Pharma Limited announced the allotment of 46,582 equity shares on November 26, 2025, under its Employee Stock Option Plan 2022 (ESOP Plan). The decision was made via a circular resolution by the Nomination and Remuneration Committee of the Board of Directors.

Details of the Allotment

The allotted shares have a face value of ₹1 each. These shares rank pari-passu with the company’s existing equity shares. As a result of this allotment, the paid-up share capital of the company has increased from ₹41,27,58,490 to ₹41,28,05,072.

Key Information Regarding Allotment

Below is a summary of the key details regarding the equity share allotment:

Particulars
Details

Company Name
Mankind Pharma Limited

Stock Exchanges Listed
National Stock Exchange (NSE) and BSE Limited

Scheme
Mankind Employee Stock Option Plan 2022

Kind of Security
Equity Shares

Face Value
₹1 per share

Allotment Date
November 26, 2025

Number of Shares Allotted
46,582

Distinctive Number
41,27,58,491 – 41,28,05,072 (Both Inclusive)

ISIN
INE634S01028

Exercise Price
₹860.00 per equity share

Premium
₹859.00 per equity share

Total Issued Shares After Issue
41,28,05,072

Total Share Capital After Issue
₹41,28,05,072

The shares are identical in all respects to existing shares and will rank equally with the equity shares of the company.

Source: BSE

Pidilite Ventures has strategically invested in MagicDecor, a company specializing in bespoke home décor products. The investment aims to boost MagicDecor’s capacity, technology, and distribution networks. This move signifies Pidilite’s commitment to the growing home improvement sector and backing innovative businesses in design and consumer experience. The deal was announced on November 26, 2025.

Strategic Investment Overview

Pidilite Ventures has announced a strategic investment in Printpanda India Pvt Ltd (MagicDecor). MagicDecor focuses on bespoke, sustainable, and premium home décor products, including wallpapers, blinds, curtains, and canvases. This investment signifies Pidilite Ventures’ entry into India’s rapidly growing home improvement sector.

Comments on the Investment

Sanket Parekh, Director at Pidilite Ventures, stated, “We are excited to partner with MagicDecor as they embark on their journey to transform the home décor space. The team has demonstrated impressive capability in marrying customization with quality, catering to the evolving needs of modern Indian homeowners and interior designers.”

MagicDecor’s Expansion Plans

The proceeds from this investment will empower MagicDecor to accelerate capacity expansion, invest in advanced technology, and scale up both digital and physical distribution networks spanning major Indian cities.

MagicDecor’s Perspective

Siddheshwar Panda, Co-founder & CEO of MagicDecor, commented, “This strategic investment from Pidilite marks a pivotal milestone in expanding our manufacturing capabilities, driving product innovation, and rapidly scaling our digital and physical distribution networks to reach more customers across India and globally.”

About MagicDecor

Founded by Siddheshwar Panda, Samir Panda, and Anoop Ulahannan, MagicDecor offers custom and sustainable home décor products, with a focus on high-quality, personalized wallpapers, wall coverings, and furnishings.

Source: BSE

Pidilite Ventures Pvt. Ltd. (PVPL), a wholly owned subsidiary of Pidilite Industries, will invest up to ₹5.1 crore in Printpanda India Private Limited (MagicDecor). The investment will be through equity shares and convertible preference shares, resulting in less than 20% ownership of MagicDecor on a fully diluted basis. MagicDecor provides premium home décor solutions.

Strategic Investment in Home Décor Solutions

Pidilite Ventures Pvt. Ltd. (PVPL), a wholly owned subsidiary of Pidilite Industries, has agreed to invest an amount not exceeding ₹5.1 crore in Printpanda India Private Limited, also known as MagicDecor. This investment aims to strengthen Pidilite’s presence in the premium home décor sector.

Investment Details and Rationale

The investment will be executed through a subscription to equity shares and compulsorily convertible preference shares of MagicDecor. Post-conversion, this will aggregate to less than 20% of the issued and paid-up share capital of MagicDecor on a fully diluted basis. The nature of subscription is cash, based on a mutually agreed pre-money enterprise valuation.

About MagicDecor

MagicDecor is in the business of providing premium home décor solutions including wallpapers, blinds, curtains, and canvas. Incorporated on February 20, 2020, MagicDecor’s turnover for the last three financial years is as follows:

• FY25 (ending March 31, 2025): ₹6.29 Crores
• FY24 (ending March 31, 2024): ₹5.09 Crores
• FY23 (ending March 31, 2023): ₹5.72 Crores

This strategic move aligns with Pidilite’s objective to invest in adjacency businesses and expand its offerings in the home improvement and décor segment. The completion of the acquisition is expected by December 15, 2025.

Source: BSE

Wipro has partnered with the Indian Institute of Science (IISc) to advance AI innovation. The alliance will focus on agentic AI, quantum AI, and secure digital solutions, aiming to transform industries. Wipro and IISc will establish a joint research program to accelerate AI adoption across sectors like telecom and manufacturing. This collaboration combines IISc’s research prowess with Wipro’s industry experience.

Wipro Forges AI Alliance with IISc

Wipro Limited announced a strategic alliance with the Indian Institute of Science (IISc) and the Foundation for Science Innovation and Development (FSID) to collaborate on cutting-edge research and innovation across frontier technologies. This alliance aims to accelerate breakthroughs in areas like agentic Al, embodied Al, quantum Al, and quantum safe solutions, to help enterprises build more secure, adaptive, and autonomous digital operations. This announcement was made on November 26, 2025.

Focus Areas

The collaboration will focus on the following key areas:

• Agentic Al
• Embodied Al
• Quantum Al
• Quantum Safe Solutions

These technologies will be developed to enhance digital operations for enterprises, making them more secure and adaptive.

Research Program

Under the agreement, Wipro and IISc will establish a joint research program focused on quantum computing, advanced Al models, secure digital infrastructure, and new approaches to autonomous networks. This program will bring together senior faculty, researchers, and scientists from IISc with Wipro’s engineers, architects, and technologists. This collaboration will enhance Wipro’s ability to deliver next-generation Al-powered capabilities across sectors such as telecom, manufacturing, financial services, and healthcare.

Leadership Insights

Sandhya Arun, Chief Technology Officer, Wipro Limited, stated, “We are excited to partner with Indian Institute of Science (IISc) to accelerate innovation in Al and other prioritized frontier technology themes. By combining the strengths of IISc in advanced technical research with Wipro’s experience in applied innovation and industry solutions, we aim to address some of the most complex challenges and high impact opportunities, that global enterprises face in an increasingly fast-evolving technology landscape.”

Rajesh Sundaresan, Dean, Division of Electrical, Electronics and Computer Sciences (EECS), Indian Institute of Science (IISc), added, “Academia-industry collaboration is critical for solving complex scientific challenges and ensuring they create real-world value.”

Source: BSE

Container Corporation of India Ltd. (CONCOR) has announced that Sh. Kamal Jain and Sh. K. Srinivasan will be relieved from their services. These changes will take effect after office closing hours on November 30, 2025. The reason for their cessation is superannuation, marking a transition in CONCOR’s leadership team.

Leadership Transition at CONCOR

Container Corporation of India Ltd. (CONCOR) has announced changes in its senior management team. Sh. Kamal Jain, previously working as PED (Shipping & New Initiatives), and Sh. K. Srinivasan, who served as GGM(C&O)/Area-III, will be stepping down from their roles.

Effective Date

The release states that both Sh. Kamal Jain and Sh. K. Srinivasan will be relieved from their responsibilities at CONCOR after office closing hours on November 30, 2025.

Reason for Change

The reason cited for the departure of both individuals is superannuation, indicating their retirement from the company. This marks a planned transition within CONCOR’s leadership.

Source: BSE

Shri Anurag Kapil, Executive Director/Finance(X) of Railway Board, will continue with the additional charge as Director (Finance) at CONCOR. This extension, effective October 23, 2025, is approved by the Ministry of Railways. The charge continues until a regular appointment is made or until further notice, whichever occurs first.

Director (Finance) Charge Extended

Shri Anurag Kapil will continue to handle the additional charge of the Director (Finance) at Container Corporation of India Ltd. (CONCOR). Kapil also serves as Executive Director/Finance(X) at the Railway Board.

Key Details of the Extension

The Ministry of Railways has formally approved an extension of this additional charge via Order No. 2017/E(O)II/40/31, dated November 26, 2025. This extension is ex-post facto, with the additional charge beginning on October 23, 2025.

Kapil’s tenure will continue until a regular appointment is made to the post or until further orders are issued.

Source: BSE

Schneider Electric Infrastructure Limited has received a demand order from the Office of Assistant Commissioner, CGST Commissionerate – II, Division III, Pune, concerning the wrong availment of Input Tax Credit (ITC). The order, dated November 24, 2025, pertains to FY 2018-19 and 2021-22 & 2022-23. The company is evaluating appropriate legal remedies. The tax and penalty each amount to ₹28,11,898.

Demand Order Details

Schneider Electric Infrastructure Limited has received a demand order related to the availment of Input Tax Credit (ITC). The order was issued by the Office of Assistant Commissioner, CGST Commissionerate – II, Division III, Pune.

Financial Implications

The demand order specifies the following amounts for different fiscal periods:

The issue arises from FY 2018-19 and 2021-22 & 2022-23 with a tax amount of ₹28,11,898 and a penalty of ₹28,11,898, as well as applicable interest on the tax amount.

Company Response

The company is currently evaluating appropriate legal remedies in response to the demand order.

Impact Assessment

According to the company, there is no material impact on the financials, operations, or other routine business activities. The impact will be limited to the extent of liability as per the Order.

Source: BSE