Kotak Mahindra Bank has granted 14,200 Employee Stock Options under Series 9 of the Kotak Mahindra Equity Option Scheme 2023. These options vest in four tranches of 25% each, starting November 30, 2026. Employees can exercise these options one year after the vesting date. Each option represents one equity share with a face value of ₹5.

ESOP Grant Details

Kotak Mahindra Bank has granted 14,200 Employee Stock Options to eligible employees under Series 9 of its Equity Option Scheme 2023.

Vesting Schedule

The options vest in four installments:

• 25% vesting on November 30, 2026
• 25% vesting on June 30, 2027
• 25% vesting on June 30, 2028
• 25% vesting on June 30, 2029

Exercise Period

The exercise period for these options begins one year after the respective vesting dates.

Share Value

Each option entitles the grantee to one equity share with a face value of ₹5.

Source: BSE

Trident Group is transferring equity shares to the Investor Education and Protection Fund (IEPF) Authority, as mandated by regulations. This affects shares for which dividends have remained unclaimed for seven consecutive years. Shareholders are urged to verify their unclaimed dividends on the company website and take action before the transfer deadline to avoid the transfer of their shares to the IEPF. The transfer date depends on the date of declaration.

Equity Share Transfer to IEPF

Trident Group is set to transfer equity shares to the Investor Education and Protection Fund (IEPF) Authority, in accordance with applicable regulations. This transfer pertains to shares for which dividends have remained unclaimed for a period of seven consecutive years or more. This action is initiated as per Section 124 of the Companies Act, 2013, and the related IEPF rules.

Impact on Shareholders

Shareholders who have not claimed their dividends for seven consecutive years will have their corresponding shares transferred to the IEPF Authority. The company urges shareholders to check for any unclaimed dividends on its website to avoid the transfer of their shares.

Key Dates for Transfer

The transfer dates vary based on the dividend declaration date. Key dates include:

• February 21, 2026: For 3rd Interim Dividend FY 2018-2019 (Declared January 15, 2019).
• November 6, 2026: For Final Dividend FY 2018-2019 (Declared September 30, 2019).
• September 9, 2026: For 1st Interim Dividend FY 2019-2020 (Declared August 3, 2019).
• December 8, 2026: For 2nd Interim Dividend FY 2019-2020 (Declared November 2, 2019).
• March 28, 2027: For 3rd Interim Dividend FY 2019-2020 (Declared February 20, 2020).
• October 04, 2028: For Final Dividend FY 2020-2021 (Declared August 27, 2021).
• November 27, 2028: For 1st Interim Dividend FY 2021-2022 (Declared October 21, 2021).
• September 15, 2029: For 1st Interim Dividend FY 2022-2023 (Declared August 9, 2022).
• June 30, 2030: For 1st Interim Dividend FY 2023-2024 (Declared May 24, 2023).
• June 24, 2031: For 1st Interim Dividend FY 2024-2025 (Declared May 18, 2024).
• June 27, 2032: For 1st Interim Dividend FY 2025-2026 (Declared May 21, 2025).

How to Claim Unclaimed Dividends

Shareholders can claim their unclaimed dividends by February 21, 2026. If shares are transferred to IEPF, shareholders can still claim them back by submitting an online application (Form IEPF-5) on the IEPF website and sending a physical copy to the Company with necessary documents. Contact KFIN Technologies Limited for queries at [email protected].

Source: BSE

Fortis Healthcare has announced a special window for shareholders to re-lodge requests for the transfer of physical shares. This initiative follows SEBI’s circular dated July 2, 2025, and aims to assist shareholders holding physical shares. The report, received from KFin Technologies Limited, details the status of re-lodgement requests for the month ended October 30, 2025. The company is providing this facility to streamline the transfer process.

Re-lodgement Opportunity for Physical Shares

Fortis Healthcare is facilitating a special window for the re-lodgement of transfer requests pertaining to physical shares. This initiative is in line with the circular issued on July 2, 2025. This measure allows shareholders to re-lodge their requests, streamlining the process for transferring physical shares.

Status of Re-lodgement Requests

The company has received a report from its Registrar and Share Transfer Agent, KFin Technologies Limited, concerning the status of these re-lodgement requests. This report provides an overview of the re-lodgement activity up to October 30, 2025.

Key Details

As of November 6, 2025, regarding requests received from shareholders for the re- lodgment of transfer requests for physical shares under the special window provided by the SEBI Circular dated 2nd July 2025:

No. of requests received during the month: NIL

No. of requests during the month: NIL

No. of requests approved: NIL

No. of requests rejected: NIL

Average time taken for processing of requests (in days): NIL

Source: BSE

Ipca Laboratories has announced the re-lodgement of transfer requests for physical shares. This update, communicated on November 18, 2025, follows regulatory guidelines. The report, received from MUFG Intime India Private Limited, covers the requests for the month ended October 31, 2025. This action ensures compliance and facilitates shareholders in the transfer process.

Update on Physical Share Transfers

Ipca Laboratories announced an update regarding the re-lodgement of transfer requests for physical shares. The announcement was made on November 18, 2025.

Details of the Re-lodgement

The update pertains to the re-lodgement of transfer requests for physical shares, aligning with circular guidelines. This report, provided by MUFG Intime India Private Limited, covers requests processed up to October 31, 2025.

Key Metrics

According to the provided data from MUFG Intime India Private Limited, for the period ending October 31, 2025:

• No. of requests received during the month: Nil
• No. of requests processed during the month: Nil
• No. of requests approved: Nil
• No. of requests rejected: Nil
• Average time taken for processing of requests: NA

This update ensures transparency and facilitates shareholders’ ability to manage their physical share transfers.

Source: BSE

PTC India announced its Q2 FY26 results, showcasing a 9% increase in volume to 26.2 billion units. Trading volume grew across segments, with 50% coming from exchange-traded products. The company executed a 100 MW renewable energy PPA and is evaluating further expansion in the renewable sector. Profit after tax increased by 15% to ₹134 crore.

Financial Performance

In Q2 FY26, PTC India’s total operational income increased by 11% to ₹137 crore. The company’s profit before tax rose by 15% to ₹180 crore, resulting in a profit after tax of ₹134 crore, a 15% increase. Total comprehensive income also saw a 15% increase, reaching ₹134 crore. Earnings per share for the quarter stood at ₹4.52.

Half-Yearly Results

For the first half of FY26, PTC India reported an 11% increase in volume to 49.2 billion units. Profit before tax increased by 7% to ₹321 crore and profit after tax also increased by 7% to ₹239 crore. Earnings per share for the half-year were reported at ₹8.06.

Renewable Energy Initiatives

PTC India has executed a power purchase agreement (PPA) for 100 MW of renewable energy, with operations expected to commence in Q1 FY2027. The company has also floated an expression of interest for an additional 500 MW of solar power, coupled with an energy storage system of 250 MW/1000 MW.

HPX Performance

During the Q2 FY26, the profit before tax for HPX (PTC India’s exchange) was ₹1.26 crore, with profit after tax reaching ₹47 lakhs.

Volume Breakdown

Of the total volume traded, 53% came from short-term contracts (including exchange) and 47% from long-term and medium-term contracts in Q2 FY26. The trading margin in short-term trade, including exchange, was 0.85 paisa, while in long-term trade, it was 7.02 paisa.

Source: BSE

HCLFoundation is increasing its support for the Indian para-athletic community as part of its ‘Sports for Change’ initiative. 14 elite para-athletes have received sports equipment worth ₹37 lakh, and six budding athletes have been awarded scholarships. This initiative aims to boost preparations for international competitions and has already reached over 64,000 athletes, with 25 para-athletes representing India internationally.

Para-Athletes Receive Support

HCLFoundation is expanding its ‘Sports for Change’ initiative by providing support to elite and emerging Indian para-athletes. This initiative, in collaboration with the Paralympic Committee of India (PCI), aims to enhance the athletes’ preparations for international competitions.

Equipment and Scholarships Awarded

A total of 14 elite para-athletes received sports equipment valued at ₹37 lakh. Recipients include Sandip Sargar (Gold in Javelin), Gayathri HM (Silver), and Kasthuri Rajamani (Bronze). Six promising para-athletes were also awarded scholarships ranging from ₹1 lakh to ₹5 lakh each based on individual needs.

Foundation’s Commitment

Dr. Nidhi Pundhir, SVP, Global CSR, HCLTech and Director, HCLFoundation, stated that the foundation is delighted to support the athletes through the ‘Sports for Change’ initiative. The initiative aims to supercharge progress for athletes and the community.

Impact and Reach

The ‘Sports for Change’ program has reached over 64,000 athletes to date. 25 para-athletes have represented India internationally, and the foundation has deployed nearly ₹80 crore under the initiative.

Source: BSE

Tata Consultancy Services (TCS) has been selected by the National Health Service (NHS) Supply Chain to transform healthcare delivery using AI and Cloud technologies. The 5-year deal will see TCS modernizing NHS Supply Chain’s IT systems, enhancing operational efficiency and deploying cloud-based solutions. This initiative aims to improve service delivery, reduce costs, and support the NHS’s sustainability commitments.

NHS Supply Chain Modernization

Tata Consultancy Services (TCS) will partner with the National Health Service (NHS) Supply Chain to support application development and maintenance of core business systems and cloud infrastructure platforms. This 5-year partnership aims to modernize the NHS Supply Chain’s IT infrastructure and enhance operational efficiency.

AI and Cloud Deployment

TCS will deploy a range of cloud and AI-enabled solutions to transform NHS Supply Chain’s IT systems. The initiative includes replacing legacy systems with a modern Supply Chain ERP solution, aimed at achieving faster time to market, seamless scalability and enhanced customer satisfaction. This transformation also aims to meet the ever-growing needs of healthcare providers.

Expected Outcomes and Benefits

The modernization program is expected to enhance operational efficiency and service delivery, aligning with the NHS’s goal to unlock over £1 billion in recurrent value by 2030. The collaboration will support over a thousand suppliers and deliver to over 17,000 locations. This will allow for smarter deliveries and more strategic operations, supporting frontline healthcare services.

Sustainability and Future Readiness

TCS will assist the NHS Supply Chain in ensuring sustainability by introducing better governance and agile delivery frameworks. These changes will improve efficiency, lower environmental impact, and deliver accurate monitoring processes. This initiative supports the sustainability commitments of the NHS and prepares the organization for future challenges.

TCS Commitment to the UK

TCS has operated in the UK for over 50 years. The company recently committed to hiring and training over 5,000 new UK-based workers. This project exemplifies TCS’s commitment to delivering innovative solutions to complex legacy systems using cloud and AI-enabled platforms.

Source: BSE

India Ratings has affirmed HDFC Bank’s long-term issuer rating at ‘IND AAA’/Stable and assigned a rating of ‘IND A1+’ to additional certificates of deposit. The affirmation reflects HDFC’s financial strength, diverse earning profile, and systemic importance in the Indian banking sector. The bank’s strong capital buffers and market access support higher advances growth. The rating agency consolidated HDFC’s subsidiaries while arriving at the ratings.

Rating Affirmation and New Ratings

India Ratings has affirmed HDFC Bank Limited’s long-term issuer rating at ‘IND AAA’ with a Stable Outlook. Concurrently, additional certificates of deposit have been assigned a rating of ‘IND A1+’. This rating action was announced on November 17, 2025.

Key Rating Drivers

The ratings reflect HDFC’s financial strength and diverse earning profile, sustained by strong performance in the Indian banking system. HDFC’s systemic importance is underscored by its position among private banks and its classification as a domestic systemically important bank by the Reserve Bank of India (RBI) since 2017. HDFC’s solid capital buffers and market access allows it to strategically target higher-than-system advances growth.

Subsidiary Performance

HDFC maintains a strong presence across financial services including banking, brokerage, and asset management, though its subsidiaries’ contribution to the consolidated profitability remained at 4.9% in Q2FY26. The life insurance business had a 17% market share for individual weighted received premium among private life insurance players in India during Q2FY26. The asset management business had a market share of 11.4% with a 25% penetration in the mutual fund industry.

Asset Quality and Profitability

HDFC demonstrated a robust provision coverage ratio. The bank’s gross NPAs are maintained at 0.9%-1.5%. The bank’s gross NPAs declined to 1.24% in Q2FY26. HDFC’s efficient risk management practices aided in maintaining the gross NPAs performance. With operating buffers (pre-provisioning operating profit/provisions) of 8.6x in FY25, the bank is well-positioned to handle potential asset quality stress.

Loan Growth and Retail Performance

During Q2FY26, HDFC’s overall advances grew 4.5% qoq, led by 4.72% qoq growth in corporate loans. Retail commands a 51.7% share of the loan book compared to 39.3% pre-merger.

Liquidity and Funding

HDFC had an overall funding deficit of 1.60% in the cumulative one-year bucket as a percentage of the total assets in FY25. HDFC maintained a liquidity coverage ratio of 120% at Q2FYE26.

Source: BSE

Jyoti CNC Automation has received a demand order from the CGST Commissionerate, Rajkot, totaling ₹4.45 crore. The order pertains to alleged non-compliance with e-way bill regulations. The company is reviewing the order and consulting with tax and legal advisors to determine the next course of action and may appeal the order at an appropriate forum.

Details of the Demand Order

Jyoti CNC Automation has received a demand order from the Additional Commissioner, CGST Commissionerate, Rajkot. The total demand amounts to ₹4,45,59,720. This includes tax of ₹2,22,79,860, applicable interest, and a penalty of ₹2,22,79,860.

Reason for the Demand

The demand order is based on allegations that the company did not comply with regulations concerning the generation of e-way bills.

Company’s Response

Upon receipt of the order on November 17, 2025, Jyoti CNC Automation is currently in discussion with its tax and legal consultants to assess the order. The company will decide on further actions and may contest the order in the appropriate legal forum.

Potential Financial Impact

The company estimates that the demand order could potentially impact financials by up to ₹4,45,59,720. The management is carefully evaluating the situation and is prepared to take suitable actions.

Source: BSE