Tata Chemicals has announced the issuance of Non-Convertible Debentures (NCDs) aggregating to ₹1,500 crore. The NCDs are proposed to be listed on the Debt Segment of the National Stock Exchange of India Limited (NSE). The internal committee of the Board of Directors finalized the terms of the issue on December 10, 2025. These NCDs are rated ‘CARE AA+/Stable’ and ‘CRISIL AA+/Stable’.

NCD Issuance Details

Tata Chemicals is set to issue Non-Convertible Debentures (NCDs) totaling ₹1,500 crore. This decision was finalized by the Internal Committee of the Board of Directors on December 10, 2025.

Key Terms and Conditions

The NCDs will be Listed, Unsecured, Rated, Redeemable, Taxable, and Non-Cumulative. The issuance is planned on a Private Placement basis to eligible investors.

Issue Size and Listing

The company will issue 1,50,000 NCDs with a face value of ₹1,00,000 each, aggregating to ₹1,500 crore. The NCDs are proposed to be listed on the Debt Segment of the National Stock Exchange of India Limited (NSE).

Tenure and Maturity

The deemed date of allotment is December 17, 2025. The maturity date is 2 years and 364 days from the deemed date of allotment, featuring bullet maturity.

Coupon/Interest Details

The coupon/interest offered will be based on a Fixed Rate Coupon via price bidding at the Electronic Bidding Platform (EBP) of NSE. The payment of coupon/interest will be annual, except for the final maturity date when the coupon will be paid upon redemption.

Credit Ratings

The NCDs have received credit ratings of “CARE AA+/Stable” by CARE Ratings Limited and “CRISIL AA+/Stable” by CRISIL Ratings Limited.

Source: BSE

IndusInd Bank has been assigned an ESG rating of 83 by CFC Finlease Private Limited. This rating was assigned independently by CFC Finlease based on publicly available information. The ESG rating is available on the BSE Limited website. The bank has not engaged CFC Finlease for this ESG rating. This information is also available on the bank’s website.

ESG Rating Details

IndusInd Bank has received an ESG Rating of 83 from CFC Finlease Private Limited. This rating was assigned as of December 10, 2025.

Important Information

The bank clarifies that it did not engage CFC Finlease for this ESG rating. CFC Finlease independently assigned the rating based on information accessible to the public. The rating is for the fiscal year 2025.

Where to Find More Information

The ESG rating as reported by CFC Finlease is available on the BSE Limited’s website. Further details can also be found on IndusInd Bank’s official website.

Source: BSE

Lemon Tree Hotels has announced the signing of two License Agreements for new properties: Lemon Tree Resort, Bapatla, Andhra Pradesh and Lemon Tree Hotel, Bhilai, Chhattisgarh. Both properties will be managed by Carnation Hotels Private Limited. The Bapatla resort will feature 90 rooms, while the Bhilai hotel will offer 72 rooms, enhancing Lemon Tree’s presence in these regions.

New Hotel Agreements

Lemon Tree Hotels has signed agreements for two new properties, expanding its footprint in Andhra Pradesh and Chhattisgarh. The properties include Lemon Tree Resort, Bapatla, Andhra Pradesh and Lemon Tree Hotel, Bhilai, Chhattisgarh. The announcement was made on December 10, 2025.

Property Details

Both the Lemon Tree Resort, Bapatla and the Lemon Tree Hotel, Bhilai will be managed by Carnation Hotels Private Limited, a subsidiary of Lemon Tree Hotels Limited.

Lemon Tree Resort, Bapatla

The resort in Bapatla, Andhra Pradesh, will feature 90 well-appointed rooms, a restaurant, a bar, a banquet, a meeting room, a swimming pool, a spa, and a fitness center.

Lemon Tree Hotel, Bhilai

The hotel in Bhilai, Chhattisgarh, will feature 72 well-appointed rooms, a restaurant, a banquet, a meeting room, a swimming pool, and a spa.

Strategic Expansion

These new locations represent Lemon Tree Hotels’ commitment to expanding its presence in diverse markets, catering to both business and leisure travelers. These additions are expected to enhance the company’s portfolio and provide value-driven experiences.

Source: BSE

Kwality Wall’s (India) Limited (KWIL), a subsidiary of Hindustan Unilever Limited (HUL), has announced the resignation of its Company Secretary and Compliance Officer, Ms. Vidhi Sanghvi, effective December 9, 2025. Ms. Sanghvi is leaving to pursue other opportunities. KWIL has acknowledged her contributions and wished her success in her future endeavors.

Company Secretary Departure

Ms. Vidhi Sanghvi, the Company Secretary and Compliance Officer of Kwality Wall’s (India) Limited (KWIL), has resigned from her position. The resignation is effective from the close of business hours on December 9, 2025.

Reason for Resignation

According to the official announcement, Ms. Sanghvi is leaving the company to pursue other career opportunities. KWIL has accepted her resignation and expressed its gratitude for her contributions during her tenure.

KWIL’s Acknowledgement

Kwality Wall’s (India) Limited has acknowledged Ms. Sanghvi’s contributions to the company and wished her success in her future professional endeavors.

Source: BSE

Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding (MoU) with Tata Steel Limited to explore potential collaboration in raw material mining, logistics, pellets, and steel making. This partnership aims to leverage synergies and explore opportunities in Gadchiroli, Maharashtra, potentially increasing iron ore production and evaluating existing integrated steel projects. The MoU also covers greenfield steel projects and value-added products.

Strategic Collaboration with Tata Steel

Lloyds Metals and Energy Limited has formalized a non-binding Memorandum of Understanding (MoU) with Tata Steel Limited, marking a significant step towards exploring strategic partnerships in the metals and energy sector. The MoU, announced on December 10, 2025, focuses on potential cooperation in areas critical to steel production.

Key Areas of Cooperation

The collaboration aims to examine opportunities in several key areas:

• Raw material mining
• Logistics
• Pellets
• Steel making

The intended partnership will explore synergies between Lloyds Metals and Tata Steel, potentially leading to cooperation in greenfield steel making projects, iron ore mining, and the production of value-added low carbon iron and steel products.

Focus on Gadchiroli Opportunities

Under the MoU, both companies plan to investigate opportunities within the Gadchiroli district of Maharashtra, including:

1. Operating mining concessions to increase iron ore production.
2. Evaluating strategic cooperation in existing integrated steel projects being developed by Lloyds Metals.

Tata Steel’s Presence

Tata Steel, with a crude steel making capacity of 35 MTPA, is one of the leading steel companies globally. The company has integrated steelmaking facilities and a diverse product portfolio.

Lloyds Metals’ Expansion

Lloyds Metals currently operates the largest iron ore mine in India, located in Gadchiroli. The company is expanding into integrated steel manufacturing, aiming to position Gadchiroli as an emerging steel hub.

Commitment to Growth

Lloyds Metals is dedicated to enhancing its production capabilities and contributing to the sustainable development of the steel sector in India.

Source: BSE

Ambuja Cements has been assigned an ‘Aspiring’ Environmental, Social, and Governance (ESG) rating of 65 by NSE Sustainability Ratings and Analytics Limited. This rating highlights the company’s commitment to enhancing its ESG performance for the Financial Year 2025. The company has uploaded this intimation on its website.

ESG Performance Recognized

Ambuja Cements has received an Environmental, Social, and Governance (ESG) rating of 65, categorized as ‘Aspiring’, from NSE Sustainability Ratings and Analytics Limited. This assessment is for the Financial Year 2025.

Commitment to Sustainability

This ESG rating reflects Ambuja Cement’s dedication to improving its environmental, social, and governance practices. The ‘Aspiring’ rating indicates the company’s continued efforts to integrate sustainability into its operations and business strategy. The announcement was made on December 10, 2025.

Source: BSE

Lloyds Metals will acquire up to a 50% equity stake in Nexus Holdco FZCO through its subsidiary, Lloyds Global Resources FZCO (LGRF), for up to USD 55 million. Nexus holds interests in mining concessions and a copper processing plant in the Democratic Republic of Congo. Additionally, the company approved a non-binding Memorandum of Understanding (MOU) with Tata Steel to explore cooperation in raw material mining, logistics, pellets, and steel making.

Acquisition of Nexus Holdco FZCO

Lloyds Metals and Energy Limited announced that its Board has approved the acquisition of up to a 50% equity stake in Nexus Holdco FZCO through its wholly-owned subsidiary, Lloyds Global Resources FZCO (LGRF). Nexus Holdco holds approximately 80-90% equity stake in Surya Mines SARL and eight other companies, which collectively possess mining concessions and a copper processing plant in the Democratic Republic of Congo.

The consideration for the 50% equity stake is up to USD 55 million. This acquisition is expected to be completed by the end of June 2026. The acquisition will allow Lloyds Metals to expand its existing mineral exploration and processing business.

Partnership with Tata Steel Limited

The Board also approved entering into a non-binding Memorandum of Understanding (MOU) with Tata Steel Limited. This MOU aims to explore potential cooperation in areas such as raw material mining, logistics, pellets, and steel making.

Board Meeting Outcomes

The decisions were made during a board meeting held on December 10, 2025, which commenced at 04:03 P.M. (IST) and concluded at 05:13 P.M. (IST).

Source: BSE

Tata Steel has approved the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) from Thriveni Earthmovers Private Limited (TEMPL) for a consideration of up to ₹636 crore. The acquisition aims to secure a pellet-making facility for the supply of iron ore pellets to Tata Steel in India. This strategic move aligns with Tata Steel’s long-term growth strategy.

Strategic Acquisition Approved

Tata Steel’s Board has approved the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) for a consideration of up to ₹636 crore. This acquisition was announced on December 10, 2025 and is subject to regulatory approvals.

Rationale for the Acquisition

The primary objective of this acquisition is to secure a dedicated pellet-making facility. This facility will ensure a stable and reliable supply of iron ore pellets for Tata Steel’s operations within India. The acquisition directly supports Tata Steel’s strategy to strengthen its raw material supply chain.

Details of Thriveni Pellets

Thriveni Pellets Private Limited (TPPL) holds 100% stake in Brahmani River Pellets Limited (BRPL). BRPL operates a 4 MTPA (million tonnes per annum) pellet plant located in Jajpur, Odisha, along with a 212 Kilometer slurry pipeline.

Financial Performance of TPPL

Key financial figures for TPPL include:

• Turnover for FY 2024-25: ₹2,479.34 crore
• Turnover for FY 2023-24: ₹2,487.55 crore
• Turnover for FY 2022-23: ₹2,614.04 crore
• Profit After Tax for FY 2024-25: ₹(45.14) crore
• Profit After Tax for FY 2023-24: ₹43.74 crore
• Profit After Tax for FY 2022-23: ₹32.53 crore
• Net worth as of FY 2024-25: ₹1,472.80 crore
• Net worth as of FY 2023-24: ₹1,268.70 crore
• Net worth as of FY 2022-23: ₹1,224.96 crore

Long-Term Strategy and Expansion Plans

Tata Steel is also pursuing other strategic initiatives to drive growth in India. These include:

• A 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited (NINL).
• Setting up of a 2.5 million tons Thin Slab Caster and Rolling facilities at Tata Steel Meramandali.
• Setting up a 0.7 MTPA Hot Rolled Pickling and Galvanizing Line (HRPGL) at Tarapur, Maharashtra.

Partnership in Maharashtra

Tata Steel has signed a MoU with Lloyd Metals & Energy Ltd to explore opportunities in the Gadchiroli district of Maharashtra. These include iron ore mining, logistics, and the potential development of a 6 million tons steel capacity plant.

Hisarna Technology

Tata Steel is also focused on low-carbon technologies and plans to set up a demonstration plant for its Hisarna technology in Jamshedpur, with a capacity of around 1 MTPA.

Source: BSE

NSE Sustainability Ratings and Analytics Limited, a SEBI registered ESG Rating Provider, has assigned SBFC an ESG rating of 64 for the financial year 2024-25. This rating is based on publicly available data, as the Company has not engaged NSE Sustainability Ratings and Analytics Limited for the ESG rating. Information on the rating is available on the company website.

ESG Rating Update

SBFC has received an Environmental, Social, and Governance (ESG) rating of 64 for the financial year 2024-25. The rating was assigned by NSE Sustainability Ratings and Analytics Limited.

Details of the Rating

The ESG rating was prepared independently by NSE Sustainability Ratings and Analytics Limited, using data available in the public domain. SBFC did not engage the rating provider for this assessment. The ESG report was received by the company on December 9, 2025.

Accessing the Report

Further details regarding the ESG rating are available on SBFC’s website.

Source: BSE

Nestlé India successfully concluded one-on-one meetings with institutional investors on December 10, 2025. The meetings, conducted virtually, involved discussions with investors at 12:00 P.M. (IST) and 3:30 P.M. (IST). The company has confirmed that no unpublished price-sensitive information was shared during these interactions, aligning with regulatory guidelines. Information about these meetings has been uploaded to the company website.

Institutional Investor Engagement

Nestlé India has announced the successful completion of one-on-one meetings with its institutional investors. These meetings took place on December 10, 2025, and were conducted virtually.

Meeting Details

Two separate meetings were held:

1. One-on-one meet with an institutional investor: Wednesday, 10th December 2025 at 12:00 P.M. (IST).

2. One-on-one meet with an institutional investor: Wednesday, 10th December 2025 at 3:30 P.M. (IST).

Information Disclosure

The company affirms that no undisclosed, price-sensitive information was discussed or disseminated during these meetings. The company has made this information available on its website.

Source: BSE