Home Blog Page 3

Avenue Supermarts Limited New Store Opens in Madhapar, Rajkot

Avenue Supermarts Limited has announced the opening of a new store in Madhapar, Rajkot (Gujarat). This latest addition brings the total number of stores to 441 as of December 12, 2025. This expansion reflects the company’s continued growth and commitment to extending its retail presence across India.

Store Opening in Rajkot

Avenue Supermarts Limited announced the opening of a new store located in Madhapar, Rajkot (Gujarat) on December 12, 2025. This opening further extends the company’s footprint in the retail sector.

Total Store Count

With the addition of the new store in Madhapar, the total number of Avenue Supermarts Limited stores now stands at 441 as of the date of this announcement.

Source: BSE

Vardhman Textiles Invests ₹5.05 Crore in Sone Solar Energy

Vardhman Textiles has invested ₹5.05 crore in Sone Solar Energy One Private Limited. This investment involves subscribing to 23,161 Equity Shares and 50,28,961 Compulsory Convertible Debentures, each with a face value of ₹10. This move aligns with Vardhman’s strategy to support the establishment of a ground-mounted solar power generation facility in Punjab.

Investment in Renewable Energy

Vardhman Textiles has announced an investment in Sone Solar Energy One Private Limited, reinforcing its commitment to sustainable energy initiatives. The company’s board approved this investment on November 25, 2025, which will support the development of solar power infrastructure.

Details of the Investment

The company has invested ₹5,05,21,220 (₹5.05 crore) in Sone Solar Energy One Private Limited, as of December 12, 2025. This investment was made by subscribing to:

  • 23,161 Equity Shares, each with a face value of ₹10.
  • 50,28,961 Compulsory Convertible Debentures, each with a face value of ₹10.

Project Overview

The investment aims to support the establishment of a ground-mounted solar (photovoltaic) power generation facility in the State of Punjab. This facility will have a total capacity of 30 MWac (42MWp) on a group captive basis.

Source: BSE

Aurobindo Pharma US FDA Completes Inspection of Apitoria Unit-V

The US Food and Drug Administration (US FDA) concluded its inspection of Aurobindo Pharma’s Unit-V, an API manufacturing facility owned by Apitoria Pharma Private Limited, from December 1 to December 12, 2025. The inspection resulted in a ‘Form 483’ being issued with 3 procedural observations. Aurobindo Pharma has stated its commitment to upholding high-quality manufacturing standards and will respond to the US FDA within the given timelines.

Inspection Overview

The United States Food and Drug Administration (US FDA) recently completed an inspection of Unit-V, an API (Active Pharmaceutical Ingredient) manufacturing facility of Apitoria Pharma Private Limited, a wholly owned subsidiary of Aurobindo Pharma. The site is located in the Industrial Development Area, Chemical Zone, Pashamylaram Village, Patancheru Mandal, Sangareddy District, Telangana.

Key Dates

The US FDA inspection took place from December 1, 2025, to December 12, 2025.

Observations and Next Steps

At the close of the inspection, a ‘Form 483’ was issued, noting 3 observations of a procedural nature. Aurobindo Pharma has confirmed that it will respond to the US FDA within the stipulated timelines.

Commitment to Quality

Aurobindo Pharma has reiterated its commitment to maintaining the highest quality manufacturing standards across all its facilities globally.

Source: BSE

Voltas Faces ₹22.87 Lakhs Tax Demand in Uttarakhand

Voltas has received an order demanding ₹22.87 Lakhs in tax from the Assistant Commissioner, Central GST Division, Rudrapur, Uttarakhand, related to an alleged excess availment of ISD credit for the financial year 2018-19. The company is challenging the order. The impact on financials, operations, or other activities is considered immaterial.

Tax Demand Received

Voltas has received an order from the Office of the Assistant Commissioner, Central GST Division, Rudrapur, Uttarakhand, on December 11, 2025. The order demands a tax of ₹22.87 Lakhs.

Details of the Demand

The tax demand relates to the alleged availment of excess Input Service Distributor (ISD) credit for the financial year 2018-19. In addition to the tax, the order includes applicable interest and a penalty of an equal amount, bringing the total demand to approximately ₹45.74 Lakhs.

Company Response

Voltas is in the process of filing an appeal against the said order. The company believes there will be no material impact on the financials, operations, or other activities due to this penalty. The announcement was made on December 12, 2025.

Source: BSE

L&T Finance Receives Strong ESG Rating of 75

L&T Finance has been awarded an Environment Social Governance (ESG) score of 75 by a SEBI registered ESG Rating Provider. This positive assessment reflects the company’s commitment to sustainable and responsible business practices. The score, received on December 12, 2025, highlights L&T Finance’s progress in integrating ESG factors into its operations and strategy. This also has been sighted on the website of NSE Sustainability simultaneously.

Strong ESG Performance

L&T Finance has received a noteworthy Environment Social Governance (ESG) score of 75. The score comes from a SEBI registered ESG Rating Provider, affirming the company’s dedication to incorporating sustainability into its core business model.

Recognition of Sustainability Efforts

The ESG score was formally received on December 12, 2025, and the information has been made available on the NSE Sustainability website. This score acknowledges the company’s ongoing efforts to enhance its environmental and social impact. L&T Finance continues to prioritize sustainable practices.

Source: BSE

Tata Power Company LIC Increases Stake to Over 5%

Life Insurance Corporation (LIC) has increased its stake in Tata Power Company to over 5% as of December 12, 2025. The acquisition involved the purchase of additional shares, bringing LIC’s total holding to 16,00,63,645 shares, representing 5.009% of the company’s equity. The shares were acquired through market purchase.

LIC Increases Holding in Tata Power

Life Insurance Corporation of India (LIC) has increased its stake in Tata Power Company Ltd. The acquisition has resulted in LIC holding more than 5% of the company’s shares.

Details of Acquisition

Prior to this acquisition, LIC held 15,96,13,645 shares, representing 4.995% of Tata Power’s equity. Through market purchases, LIC acquired an additional 4,50,000 shares, which represents 0.014% of the company’s equity.

Post-Acquisition Holding

Following the acquisition on December 11, 2025, LIC now holds a total of 16,00,63,645 shares in Tata Power Company Ltd, representing 5.009% of the company’s total share capital. The total equity share capital/ total voting capital of Tata Power after the said acquisition is 3,19,53,39,547.00.

Source: BSE

KPIT Technologies Promoter Disposes Shares

A promoter of KPIT Technologies, Ajay Bhagwat, has disposed of equity shares of the company. This transaction, involving 1,498 shares, was executed on December 11, 2025. Following the disposal, Ajay Bhagwat holds 22,58,539 shares, representing 0.82% of the total share/voting capital. The disposal was made through the open market.

Share Disposal Details

Ajay Bhagwat, a promoter of KPIT Technologies, executed a sale of shares on December 11, 2025. The transaction involved the disposal of 1,498 shares of KPIT Technologies.

Holding After Disposal

Following the share disposal, Ajay Bhagwat holds 22,58,539 shares in KPIT Technologies. This represents 0.82% of the total share/voting capital of the company. The percentage remains the same as the total capital of the company has not changed.

Transaction Method

The disposal of shares was conducted through an open market transaction.

Source: BSE

Tata Investment Corporation Achieves ESG Rating of 76 for FY 2025

Tata Investment Corporation announced that it has received an overall ESG (Environmental, Social, and Governance) rating of 76 for the fiscal year 2025. The rating, provided by NSE Sustainability Ratings and Analytics Limited, places Tata Investment Corporation in the ‘Leader’ category. The company has no specific observations on the report.

ESG Performance

Tata Investment Corporation announced its ESG rating of 76 for the financial year 2025. This rating was provided by NSE Sustainability Ratings and Analytics Limited. The ESG rating reflects the company’s performance and commitment to environmental, social, and governance factors.

Rating Details

The company confirmed that it received the information regarding the rating on December 9, 2025. NSE Sustainability Ratings and Analytics Limited independently prepared the report based on data pertaining to FY 2024-25.

Additional Information

Tata Investment Corporation states that it had no specific observations on the report. The company clarifies that while it did not engage NSE Sustainability Ratings and Analytics Limited, the report is based on data available in the public domain. The report is available on the company website at www.tatainvestment.com.

Source: BSE

Afcons Infrastructure Grants Employee Stock Options Under ESOP 2025

Afcons Infrastructure has granted 1,01,71,230 employee stock options to eligible employees under its ‘Employee Stock Option Plan 2025’ (ESOP 2025). The grant was approved on December 12, 2025, by the Nomination and Remuneration Committee of the Board of Directors. The exercise price is set at ₹321 per option, with vesting periods ranging from one to five years from the grant date.

ESOP 2025 Approval

The Nomination and Remuneration Committee of Afcons Infrastructure’s Board of Directors approved the grant of 1,01,71,230 employee stock options to identified eligible employees on December 12, 2025. These options are granted under the company’s Employee Stock Option Plan 2025 (ESOP 2025).

Key Details of the ESOP Grant

Here are the key details of the options granted:

  • Number of Options Granted: 1,01,71,230
  • Face Value: ₹10 per share
  • Exercise Price: ₹321 per option
  • Vesting Period: Minimum 1 year, Maximum 5 years from the grant date

The ESOP 2025 complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Once vested, the options entitle the holder to acquire an equal number of equity shares upon payment of the exercise price and applicable taxes, in accordance with the terms and conditions of ESOP 2025.

Source: BSE

Minda Corporation Redemption of Commercial Papers

Minda Corporation has announced the redemption of its Commercial Papers worth ₹100 Crores. These papers, with ISIN INE842C14164, were issued on September 15, 2025, and have been fully redeemed after making the final payment on December 12, 2025. The company confirms that all obligations related to these commercial papers have been met.

Commercial Paper Redemption

Minda Corporation Limited has successfully redeemed its Commercial Papers, confirming the completion of all associated financial obligations. The details of the redemption are outlined below:

Key Details

The commercial papers, amounting to ₹100 Crores, bearing the ISIN code INE842C14164, have been fully redeemed. The papers were initially issued on September 15, 2025, and the final payment leading to the redemption was executed on December 12, 2025.

Confirmation

This announcement serves as confirmation that Minda Corporation Limited has completed all necessary actions to fully redeem the mentioned commercial papers. This action reflects the company’s commitment to fulfilling its financial responsibilities in a timely manner.

Source: BSE