HFCL Limited has released its inaugural Sustainability Report for FY25, highlighting its commitment to environmental stewardship, social responsibility, and ethical governance. The report outlines progress in energy efficiency, waste reduction, and community initiatives. Key targets include achieving zero liquid discharge and transitioning to renewable energy sources. HFCL aims for zero waste to landfill at its Hyderabad plant by FY26.

Sustainability Report Highlights

HFCL’s first Sustainability Report details the company’s ESG strategy, anchored in environmental stewardship, social responsibility, governance excellence, and supply chain resilience. Key performance improvements in FY25 include:

• A 13% reduction in total energy consumption.
• An 8.59% reduction in total waste generated.
• 73% of total waste generated being recycled.

The company invested ₹14.02 crore towards energy conservation equipment and spent approximately ₹5 crore on CSR activities.

Environmental Goals and Initiatives

HFCL is focused on transitioning to renewable energy, with a goal to achieve at least a 30% share in its energy mix in the coming years. The company aims to establish GHG emission reduction targets aligned with the Science Based Targets initiative (SBTi) in FY26. Efforts are underway to expand ESG assessments to cover all critical suppliers and deepen circularity in product design. The Hyderabad site is advancing a 1 MW rooftop solar project.

Social Responsibility and Governance

HFCL impacted over 1.31 lakh beneficiaries through CSR initiatives. The company fosters a supportive and inclusive workplace, investing in diversity, leadership development, and employee wellness. There were zero instances of child labor, forced labor, or discrimination.

Third-Party Validation

HFCL’s ESG performance is independently validated, with a SES ESG score of 70.9 and ratings from NSE Sustainability Ratings & Analytics Limited, CRISIL, ESG Risk Assessments and Insights Limited, and CFC Finlease Private Limited.

Source: BSE

Polycab India has announced an investor conference meeting scheduled for December 19, 2025. The meeting with B&K Securities India Pvt. Ltd. will be conducted in a virtual, one-on-one format and held in Mumbai. This conference aims to update investors and analysts on the company’s performance and strategic initiatives. Key corporate information and earnings presentations will be available on the company website.

Upcoming Investor Interaction

Polycab India is set to engage with investors and analysts in a conference scheduled for December 19, 2025. The meeting will involve B&K Securities India Pvt. Ltd.

Meeting Details

The investor conference will be conducted through a virtual, one-on-one format. The location for this meeting is Mumbai. Please note that the timings and specifics of the meeting are subject to change.

During the conference, Polycab India will share corporate and earnings related information, which will also be hosted on the company’s website. This aims to provide transparent and accessible information to all stakeholders.

Source: BSE

Aditya Birla Capital (ABCL) has received a Certificate of Registration from the Reserve Bank of India (RBI), officially recognizing it as a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC). The certificate, dated December 9, 2025, marks the conversion of the company from an NBFC-Core Investment Company (NBFC-CIC) to an NBFC-ICC following the amalgamation of Aditya Birla Finance Limited with ABCL, effective April 1, 2025.

Transition to NBFC-ICC Status

Aditya Birla Capital Limited (ABCL) has successfully transitioned to a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC). This follows the Scheme of Amalgamation of Aditya Birla Finance Limited with the Company, which became effective on April 1, 2025.

RBI Approval and Registration

Following the effective date of the scheme, ABCL applied to the Reserve Bank of India (RBI) to obtain a Certificate of Registration as an NBFC-ICC. The Company has now received the certificate from the RBI, officially recognizing the change.

Impact of the Change

With the new certification, Aditya Birla Capital will operate as an NBFC-ICC, complying with all relevant guidelines. The earlier Certificate of Registration as NBFC-CIC stands cancelled. This transition is not related to any withdrawal, cancellation, or suspension of any license or approval. The Certificate of Registration as NBFC-ICC was formally received on December 9, 2025.

Source: BSE

Honasa Consumer Limited has expanded into the men’s personal care sector by acquiring BTM Ventures Pvt Ltd, the parent company of Reginald Men. In the last twelve months Reginald Men achieved revenue exceeding INR 70 crore with approximately 25% EBITDA. Honasa will acquire 95% of the stake for ₹195 crore.

Strategic Acquisition

Honasa Consumer Limited has announced its acquisition of BTM Ventures Pvt Ltd, the parent company of Reginald Men, a men’s personal care brand founded in August 2022 by Trisha Reddy Talasani. This move signifies Honasa’s entry into the rapidly growing men’s grooming market.

Reginald Men: Brand Overview

Reginald Men offers a range of premium personal care products specifically designed for men, focusing on segments like sunscreen and serums. The brand has demonstrated strong performance, achieving over INR 70 crore in revenue in the last twelve months with an EBITDA of 25%.

Deal Structure

Honasa will acquire a 95% stake in Reginald Men for an enterprise value of ₹195 crore, through a secondary purchase. The remaining 5% stake will be acquired after 12 months based on pre-agreed valuation criteria. This strategic investment allows Honasa to capitalize on Reginald Men’s strong market presence and brand recognition.

Market Expansion

This acquisition strategically expands Honasa’s reach into the South Indian market, where Reginald Men currently generates most of its revenue. With this acquisition Honasa hopes to gain access to deeper consumer insights, marketing playbooks and strengthen market share across southern markets.

Source: BSE

Aditya Birla Capital announced that the Income Tax Appellate Tribunal (ITAT) has dismissed an appeal by the Income Tax Department regarding an order related to its subsidiary, Aditya Birla Sun Life Insurance Company Limited (ABSLI). The original order, dated July 2, 2025, nullified a demand of ₹2,12,36,24,774. This decision resolves a key tax litigation issue for the company.

Favorable Ruling for Subsidiary

Aditya Birla Capital received a favorable order regarding a tax litigation issue involving its subsidiary, Aditya Birla Sun Life Insurance Company Limited (ABSLI). The Income Tax Appellate Tribunal (ITAT) has dismissed an appeal filed by the Income Tax Department against an earlier order.

Background of the Dispute

The initial issue stemmed from an order by the Deputy Commissioner of Income Tax (AO), which had issued an Order Giving Effect (OGE) dated July 2, 2025. This OGE nullified a demand of ₹2,12,36,24,774.

ITAT Decision

The Income Tax Department then appealed this decision before the Income Tax Appellate Tribunal (ITAT). On December 2, 2025, the ITAT dismissed the department’s appeal, effectively upholding the original order. This decision is a positive outcome for Aditya Birla Capital and its subsidiary.

Source: BSE

Spark Minda has been assigned an ESG rating of ‘68.4’ for FY2025 by SES ESG Research Private Limited. This is an increase from the ‘66.6’ rating provided in FY2024. The rating reflects the company’s performance on environmental, social, and governance parameters. Spark Minda clarifies that they did not engage SES ESG for this rating, which was independently prepared based on publicly available information.

ESG Rating Update

SES ESG Research Private Limited has assigned Spark Minda an ESG rating of ‘68.4’ for FY2025. This rating is an increase compared to the ‘66.6’ rating from FY2024. The updated rating was communicated via email on December 9, 2025.

Rating Basis and Company Statement

The rating reflects the company’s performance on environmental, social, and governance parameters as assessed by the rating agency. Spark Minda has clarified that they did not engage SES ESG for any rating report. The rating is independently prepared by them based on information available in the public domain.

Source: BSE

Honasa Consumer Limited has expanded its portfolio by acquiring Reginald Men, a premium personal care brand for men. The acquisition allows Honasa to enter the fast-growing men’s personal care category. Reginald Men, launched in August 2022, offers curated men’s personal care products with sunscreens as its core offering. Honasa acquired a 95% stake in Reginald Men for ₹195 Cr.

Strategic Acquisition

Honasa Consumer Limited has strategically acquired Reginald Men, marking its entry into the men’s personal care category. This move is aimed at capitalizing on the rapidly growing men’s grooming market.

About Reginald Men

Reginald Men is a premium personal care brand launched in August 2022. It focuses on curated men’s personal care products, with sunscreens being its core offering. It has gained significant traction, particularly in South India. It is the #1 searched Men’s Sunscreen brand on Google.

Rationale for the Acquisition

The Indian men’s personal care market is experiencing rapid growth with premiumization and is projected to reach INR 40K Cr+ by 2032. This acquisition will strengthen Honasa’s market share, especially in southern states.

Deal Terms

Honasa will acquire a 95% stake in Reginald Men via secondary purchase at a ₹195 Cr enterprise value. The remaining 5% will be acquired after 12 months based on pre-agreed valuation criteria.

Financial Highlights

Trailing Twelve Months (Oct’25 ended):

Net Revenue: 74 Cr

GM%: 72%+

EBITDA: 18 Cr

EBITDA %: 24%

Future Opportunities

Honasa anticipates multiple levers to unlock a ₹500 Cr+ revenue opportunity through category expansion, channel expansion, and geographic expansion.

Source: BSE

Gujarat Fluorochemicals Limited (GFL) has provided updates on the re-lodgement of transfer requests for physical shares for November 2025. During the month, the company received 2 requests, processed 2, approved 0, and rejected 2. The average processing time for these requests was 27.50 days.

November 2025 Transfer Request Overview

Gujarat Fluorochemicals Limited (GFL) is providing an update on the status of special window for re-lodgement of transfer requests of physical shares. This report covers the month of November 2025, aligning with previous announcements on this subject.

Key Details on Transfer Requests

The following data summarizes the re-lodgement activity for the specified period:

Number of requests received during the month: 2

Number of requests processed during the month: 2

Number of requests approved: 0

Number of requests rejected: 2

Average time taken for processing of requests: 27.50 days

Source: BSE

Honasa Consumer Limited has approved the acquisition of BTM Ventures Private Limited, owner of the Reginald Men brand, for ₹195 Crore. The acquisition involves a 95% equity stake via secondary purchase initially, with the remaining 5% to be acquired after 12 months. This move aims to expand Honasa’s presence in the men’s personal care category, leveraging Reginald Men’s strong performance and market position.

Strategic Acquisition

Honasa Consumer Limited is set to acquire BTM Ventures Private Limited, which owns and operates the Reginald Men brand. The deal, approved on December 11, 2025, marks Honasa’s entry into the men’s personal care segment.

Deal Structure

The acquisition involves Honasa acquiring a 95% equity stake in BTM Ventures through a secondary purchase at an enterprise value of ₹195 Crores. The remaining 5% equity stake will be acquired after 12 months, based on pre-agreed valuation criteria.

Reginald Men: Brand Overview

Reginald Men, established in 2022 and headquartered in Hyderabad, offers a range of men’s focused personal care products. The brand has shown promising financial performance. During the financial year 2024-25, it generated revenue of ₹20.15 Crores, with ₹74 Crores revenue in the trailing twelve months ending in October 2025.

Strategic Rationale

The acquisition is expected to expand Honasa’s presence in the sizeable and fast-growing male personal care category. By adding Reginald Men, Honasa aims to strengthen its position in key segments, such as sunscreens.

Future Growth Levers

Honasa plans to scale Reginald Men into multiple personal care categories for men. The company also intends to expand the brand’s reach across various channels. Furthermore, the company aims to drive geographic expansion, building on the brand’s success in South India.

Source: BSE

Infomerics Valuation and Rating Limited has reaffirmed IIFL Finance’s credit ratings. A rating of IVR A1+ has been assigned for Proposed Commercial Paper Issue amounting to Rs. 5,000 crores. The rating agency also reaffirmed its rating of IVR AA/Stable for Perpetual Debt Instrument amounting to Rs. 500 crore. The ratings reflect the creditworthiness of IIFL Finance.

Credit Rating Update

IIFL Finance has received an update on its credit ratings from Infomerics Valuation and Rating Limited. This announcement concerns both commercial paper and perpetual debt instruments issued by the company.

Key Rating Details

The credit rating agency, Infomerics, has assigned a rating of IVR A1+ for the Proposed Commercial Paper Issue. The total value of the Commercial Paper Issue amounts to Rs. 5,000 crores. This rating indicates a strong degree of safety regarding timely payment of financial obligations.

Perpetual Debt Instrument Rating

In addition to the Commercial Paper, Infomerics has reaffirmed its rating of IVR AA/Stable for IIFL Finance’s Perpetual Debt Instrument. This instrument has a total value of Rs. 500 crore. The ‘Stable’ outlook suggests that the rating is not expected to change in the near term. This rating reaffirmation highlights the stability and creditworthiness of the company’s long-term debt.

Official Website Information

Further details regarding the rating by Infomerics for IIFL Finance are available on the company’s website.

Source: BSE