Bank of India has announced that Shri Prabodh Parikh has assumed the role of Shareholder’s Director, effective November 29, 2025. His term will extend for a period of three years, concluding on November 28, 2028. The bank had previously submitted his brief profile on October 27, 2025, in connection with his appointment.

Appointment of Shareholder’s Director

Bank of India officially announces that Shri Prabodh Parikh has assumed the position of Shareholder’s Director. This appointment is effective as of November 29, 2025.

Term and Previous Submission

Shri Parikh’s term as Shareholder’s Director will span three years, concluding on November 28, 2028. The bank confirms that his brief profile was previously submitted on October 27, 2025.

Source: BSE

Hindustan Unilever Limited (HUL) has released frequently asked questions (FAQs) regarding the allotment of shares of Kwality Wall’s (India) Limited (KWIL). This follows the approved scheme of arrangement between HUL and KWIL. The allotment ratio is 1:1, with a record date of December 5, 2025, and shareholders can expect allotment by December 29, 2025. The FAQs clarify eligibility, dematerialization, and support for shareholders.

Understanding KWIL Share Allotment

Hindustan Unilever Limited (HUL) is providing clarity on the allotment of Kwality Wall’s (India) Limited (KWIL) shares following the approved demerger. These FAQs address key aspects of the allotment process.

Key Scheme Details

The scheme involves the demerger of HUL’s Ice Cream Business Undertaking to KWIL. This aims to create a leading, focused ice cream company. Key brands managed by KWIL include ‘Kwality Wall’s’, ‘Cornetto’, and ‘Magnum’. The effective date of the scheme is December 1, 2025.

Share Allotment Ratio and Dates

The share entitlement ratio is 1:1, meaning for every 1 equity share of HUL held, shareholders will receive 1 equity share of KWIL. The record date for determining eligible shareholders is Friday, December 5, 2025. Allotment of KWIL shares is expected on or before December 29, 2025.

Dematerialization Requirements

KWIL shares will be allotted in dematerialized form only. Shareholders holding HUL shares in physical form must ensure their folios are KYC compliant and demat account details are updated. If KYC details are not updated, shareholders should send relevant ISR forms with necessary documents.

Allotment to IEPF

If HUL shares are already transferred to the Investor Education Protection Fund Authority (IEPFA), the corresponding KWIL shares will also be credited to IEPFA. Shareholders can claim these shares by filing separate e-Forms IEPF-5 for HUL and KWIL.

Dividend Rights

Equity shares issued by KWIL will rank equally with existing shares, including dividend rights. The KWIL Board of Directors will decide on dividend recommendations.

Listing Timeline

The listing and trading of KWIL shares are expected within 60 days from the receipt of the certified copy of the order of the NCLT sanctioning the Scheme (in or around Q4 of FY26).

Demat Drive Initiative

HUL is offering a Demat Drive to assist shareholders in converting physical holdings to dematerialized form. There will be on-site support in Mumbai on December 3, 2025 (02:00 PM – 05:00 PM).

Support and Contact Information

For queries, shareholders can contact [email protected] or call +91 22 5043 2791 / 22 5043 2792.

Source: BSE

Sterling and Wilson Renewable Energy Limited reports that the Arbitral Tribunal has granted Conti LLC an additional amount of USD 4.97 million (approximately INR 44.45 crore) towards attorney’s fees, costs, and expenses. This is in addition to the amount previously granted under the Interim Award plus interest. The award finalizes the arbitration process detailed in the September 22, 2025 disclosure.

Arbitration Outcome

The Arbitral Tribunal has finalized its award in the matter involving Conti LLC. The award stipulates an additional payment to Conti LLC to cover attorney’s fees, costs, and expenses related to the proceedings.

Financial Impact

The additional amount awarded is USD 4.97 million, which is equivalent to approximately INR 44.45 crore. This amount is incremental to the compensation already awarded under the Interim Award, and is inclusive of applicable interest. The company initially disclosed the details of this arbitration process in its communication dated September 22, 2025.

Source: BSE

Mangalore Refinery and Petrochemicals Limited (MRPL) has received notices from both BSE and NSE for non-compliance regarding board composition for the quarter ended September 30, 2025. The resulting fine amounts to Rs. 5,42,800 from each exchange. MRPL has requested a waiver, citing its status as a Central Public Sector Enterprise and the governmental role in director nominations.

Financial Penalty Imposed

MRPL faces a financial penalty due to non-compliance concerning the composition of its board. The penalties stem from notices received from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Details of the Fine

For the quarter ending September 30, 2025, the company has been fined Rs. 5,42,800 by each of the exchanges (BSE and NSE). The reason for this penalty is related to the composition of MRPL’s board of directors.

Company’s Response

MRPL has formally requested a waiver of these fines. The company’s appeal is based on its status as a Central Public Sector Enterprise (CPSE), where the nomination of directors is managed by the Government of India.

Source: BSE

Hindustan Copper Limited (HCL) announces that Shri Ramanand Adhikari, a senior management figure, will cease to be the General Manager (Chemical) upon reaching superannuation on November 30, 2025. This transition marks a change in the company’s leadership structure. The information is being disclosed as per company policy and regulatory requirements.

Management Change

Hindustan Copper Limited (HCL) has announced an upcoming change in its senior management team. Shri Ramanand Adhikari, currently serving as General Manager (Chemical), will cease to hold this position effective November 30, 2025, due to superannuation.

Effective Date

The change will take effect on November 30, 2025, marking the end of Shri Ramanand Adhikari’s tenure in the role of General Manager (Chemical) at Hindustan Copper Limited (HCL).

Source: BSE

Usha Martin has been voluntarily assigned an ESG rating of ‘66.8’ by SES ESG Research Private Limited, a SEBI registered ESG Rating Provider. The rating is based on information and data pertaining to the financial year 2024-25, available in the public domain. The company emphasizes that it did not engage SES ESG Research for the rating, and it was conducted independently.

ESG Rating Details

Usha Martin announced that it has been assigned an ESG rating of ‘66.8’ by SES ESG Research Private Limited. This rating reflects the company’s environmental, social, and governance practices.

Independent Assessment

The company clarified that SES ESG Research Private Limited independently conducted the ESG rating. Usha Martin did not engage the rating provider for this assessment. The rating is based on publicly available information related to the fiscal year 2024-25.

Source: BSE

Hindustan Copper Limited (HCL) has been fined by both BSE and NSE for non-compliance relating to the composition of its board and key committees. The fines, amounting to ₹9,77,040 each, stem from not meeting requirements under SEBI regulations. HCL is seeking a waiver and has engaged with the Ministry of Mines regarding required director appointments.

Details of Penalties

Hindustan Copper Limited (HCL) has received fines from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) due to non-compliance with regulations concerning the composition of the Board, Audit Committee, and Nomination and Remuneration Committee. Each exchange has levied a fine of ₹9,77,040.

Reasons for Non-Compliance

The penalties are a result of non-compliance with Regulation 17(1), 18(1), and 19(1) & (2) of the SEBI (LODR) Regulations, 2015. This specifically relates to the composition of the Board and the constitution of the aforementioned committees.

Company Response

As a government company, the appointment of directors to HCL’s Board is vested with the President of India, acting through the Ministry of Mines. HCL has communicated with the Ministry of Mines, Government of India, to appoint the required number of directors. The matter is currently under consideration.

Impact Mitigation

HCL is seeking a waiver of the fines from both BSE and NSE upon the appointment of the required directors. The company anticipates that the matter is under consideration and there will be no significant impact on financial operations once the required directors are appointed.

Source: BSE

ITI Limited announced that Acuite Research and Ratings has upgraded its long-term and short-term credit ratings. The long-term rating for bank loan facilities has been upgraded to ACUITE BB (Stable). Additionally, a short-term rating of ACUITE A4+ has been assigned to certain bank loan ratings. The upgrades reflect a positive revision in the company’s credit risk assessment by Acuite Ratings.

Credit Rating Upgrade

Acuite Research and Ratings has upgraded ITI Limited’s credit ratings following a review and presentation to an appeal committee. The announcement, dated November 28, 2025, confirms the revised ratings.

Long-Term Rating

The long-term credit rating for bank loan facilities has been upgraded to ACUITE BB (Stable) from the previous rating. This upgrade applies to facilities totaling ₹1450.00 Crore.

Short-Term Rating

A short-term rating of ACUITE A4+ has been assigned to specific bank loan ratings amounting to ₹572.00 Crore. The short-term rating for other bank loan ratings totaling ₹2829.69 Crore has been upgraded to ACUITE A4+.

Details of Rated Bank Limits

The following table details the ratings assigned to various bank facilities:

The total rated amount is ₹4851.69 Crore.

Source: BSE

Garden Reach Shipbuilders & Engineers Ltd. has received notices from the National Stock Exchange of India (NSE) and BSE Ltd. regarding non-compliance related to Independent Directors. Fines totaling ₹9,77,040/- (including GST) have been imposed by each exchange due to the unavailability of required Independent Directors on the Board and non-constitution of key committees. The company is actively engaging with the Government of India for resolution.

Exchange Imposes Fines

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has been notified by both the National Stock Exchange of India (NSE) and BSE Ltd. about penalties related to non-compliance. The notices, dated November 28, 2025, highlight discrepancies in adhering to regulations concerning the composition of the Board of Directors and key committees.

Reasons for Non-Compliance

The primary reason for the fines is the non-availability of the requisite number of Independent Directors, including a Woman Independent Director, on the Board. Additionally, the constitution of the Audit Committee and Nomination and Remuneration Committee was not in accordance with regulations for the quarter ended September 30, 2025. As a result of these non-compliances, each of the stock exchanges has levied a fine of ₹9,77,040/- (inclusive of GST).

Company’s Response and Actions

GRSE has responded to the notices, clarifying that as a Central Public Sector Enterprise (CPSE) under the Ministry of Defence (MoD), the appointment of Directors, including Independent Directors, rests with the Government of India. The company has requested that it should not be held liable for the imposed fines. GRSE continues to actively work with the Government of India through the MoD to ensure the timely appointment of the necessary Independent Directors to meet corporate governance standards.

Source: BSE

CESC Limited has released an investor presentation outlining its strategic growth vision. The presentation highlights the company’s focus on renewable energy expansion, distribution privatization, and solar manufacturing. CESC aims for double-digit growth and is targeting 3.2 GW of renewable energy by FY29 and 3 GW in solar manufacturing. The company also emphasized its commitment to environmental, social, and governance (ESG) principles.

Strategic Growth Drivers

CESC Limited is focusing on several key areas to drive future growth:

• Renewables Expansion: Targeting 3.2 GW of renewable energy capacity by FY29 and scaling it up to 10 GW by FY32 with a clean energy mix of over 60% by 2030.
• Distribution Privatization: Well-positioned to capture upcoming opportunities in distribution privatization.
• Solar Manufacturing Ecosystem: Establishing a 3 GW solar cell and module manufacturing ecosystem by 2027.

Financial Performance and Targets

CESC is targeting a doubling of profitability (PAT) through various strategic initiatives. Key financial highlights include:

• Group Revenue: Increased to ₹42,100 Cr.
• Group EBITDA: Increased to ₹7,900 Cr.
• Group Market Cap: Increased to ₹75,000 Cr.

Renewable Energy Focus

Renewable energy is a core component of CESC’s growth strategy. The company’s renewable arm, Purvah Green Power, has secured 1600 MW of renewable projects. CESC is aiming for 56% of electricity generation from renewable energy sources by 2032.

Distribution Assets and Efficiency

CESC is focused on improving operational efficiency across its distribution licenses, including Kolkata, Noida, and Chandigarh. Key initiatives include:

• Reducing technical and distribution (T&D) losses.
• Enhancing customer engagement through digitalization.
• Implementing smart technologies for power distribution.

ESG Commitment

CESC highlighted its strong commitment to ESG principles, including zero liquid discharge in thermal power plants, rainwater harvesting, and stack air emissions well below normative levels.

Source: BSE