JM Financial Limited has received an ESG rating update from SES ESG Research Private Limited. The company’s Environmental, Social, and Governance (ESG) score is now rated at 73.8 (Grade B+) (Adjusted). This rating is based on data pertaining to the fiscal year 2024-25, according to an announcement released on December 9, 2025.

ESG Score Update

JM Financial Limited’s ESG (Environmental, Social, and Governance) rating has been updated following an assessment by SES ESG Research Private Limited. The updated ESG score for JM Financial is 73.8.

Key Rating Details

The SES ESG Research Private Limited, a SEBI registered ESG Rating Provider, assigned the Grade B+ (Adjusted) rating based on the available data for the fiscal year 2024-25. The company clarified that it did not engage SES for this rating.

The rating was assigned independently by SES based on publicly available information. The Company received the report on December 8, 2025.

Source: BSE

NSE Sustainability Ratings & Analytics Limited has assigned Kalpataru Projects International Limited an Environmental, Social, and Governance (ESG) rating of ’67’ for the financial year FY 2025. The ESG rating was assigned based on publicly available information. The rating was communicated to the company via email on December 9, 2025.

ESG Rating Details

Kalpataru Projects International Limited has been assigned an ESG rating of ’67’ by NSE Sustainability Ratings & Analytics Limited. This rating is effective for the financial year FY 2025 and reflects the company’s performance in Environmental, Social, and Governance aspects.

Rating Basis

The rating from NSE Sustainability was independently assigned based on publicly available information. Kalpataru Projects International Limited has clarified that they did not engage NSE Sustainability for the rating process. The company received notification of this rating via email on December 9, 2025, at approximately 3:15 p.m. (IST).

Source: BSE

Diageo India has been assigned an ESG score of ’73’ for 2025 by NSE Sustainability Ratings and Analytics Limited, a SEBI registered ESG Rating Provider. This is compared to a score of ’75’ for 2024. The company clarified it did not engage NSE Sustainability for the rating, which was independently determined based on publicly available disclosures.

ESG Rating Update

Diageo India announced that it received an intimation from NSE Sustainability Ratings and Analytics Limited on December 9, 2025, regarding its ESG (Environmental, Social, and Governance) rating.

Rating Details

The company has been assigned an ESG score of ’73’ for the year 2025. This is a slight decrease compared to the score of ’75’ assigned for the year 2024.

Independent Assessment

Diageo India clarified that it did not engage NSE Sustainability for the purpose of this ESG rating assessment. The rating was independently determined by NSE Sustainability based on publicly available disclosures made by the company.

Source: BSE

IndusInd Bank has been assigned an ESG (Environmental, Social, and Governance) rating of ’65’ by NSE Sustainability Ratings and Analytics Limited (NSE Sustainability), as communicated on December 9, 2025. The rating, assigned by NSE Sustainability, is based on publicly available information. IndusInd Bank notes that it did not engage NSE Sustainability for this rating.

ESG Rating Details

IndusInd Bank announced on December 9, 2025, that it has received an ESG rating of ’65’ from NSE Sustainability. This rating reflects an independent assessment of the bank’s environmental, social, and governance practices.

Rating Availability

The ESG rating assigned by NSE Sustainability is available for public access. The announcement stated that further details can be found at https://www.nse-esgrating.com.

Independent Assessment

IndusInd Bank clarified that the rating was independently prepared by NSE Sustainability based on publicly available data for the financial year FY2025. The bank emphasized that it did not actively engage NSE Sustainability to obtain this rating.

Source: BSE

Vodafone Idea will provide a corporate guarantee for ₹3,300 crore of unlisted, unrated, secured Non-Convertible Debentures (NCDs) issued by its subsidiary, Vodafone Idea Telecom Infrastructure Limited (VITIL). Additionally, the company will pledge equity shares of VITIL to secure the NCD issue. Vodafone Idea Communication Systems Limited (VICSL), another subsidiary, is also issuing a corporate guarantee. The Board approved these actions on December 9, 2025.

Corporate Guarantee for Subsidiary

Vodafone Idea Limited has approved the issuance of a corporate guarantee for up to ₹3,300 crore related to Non-Convertible Debentures (NCDs) by Vodafone Idea Telecom Infrastructure Limited (VITIL), a wholly-owned subsidiary. These NCDs are unlisted, unrated, secured, and redeemable. The decision was made during a board meeting held on December 9, 2025.

Details of the Guarantee

The corporate guarantee will be in favor of IDBI Trusteeship Services Limited, acting as the Debenture Trustee, to secure all payments due by VITIL regarding the NCD issuance. Vodafone Idea Communication Systems Limited (VICSL), another wholly-owned subsidiary, will also issue a corporate guarantee for the same purpose. This guarantee will be considered as a contingent liability of the company.

Pledge of Shares

Vodafone Idea will also execute a pledge agreement to create a pledge over the equity share capital of VITIL. This pledge includes shares held by the company and nominee shareholders, along with VICSL, representing 100% of VITIL’s share capital. The pledge is in favor of IDBI Trusteeship Services Limited, acting as the Debenture Trustee, to further secure the ₹3,300 crore NCD issue by VITIL.

Parties Involved

The parties involved in this transaction are Vodafone Idea Limited, Vodafone Idea Telecom Infrastructure Limited (VITIL), Vodafone Idea Communication Systems Limited (VICSL), Vodafone Idea Business Services Limited (VIBSL), Vodafone Technology Solutions Limited (‘VIBSL’) and IDBI Trusteeship Services Limited (‘Debenture Trustee’)

Source: BSE

Kirloskar Oil Engines has received an order under Section 73 of the Central Goods and Services Tax Act, 2017, resulting in a substantial reduction of tax demand, interest, and penalty. The order, dated December 9, 2025, pertains to an ITC mismatch for the financial year 2021-22. The company is assessing further actions and is in the process of filing an appeal before the appropriate authority.

Favorable Tax Order Received

Kirloskar Oil Engines announced that it has received a favorable order related to the Central Goods and Services Tax Act, 2017. The order, issued on December 9, 2025, significantly reduces the previously levied tax demand, interest, and penalties.

Details of the Order

The order addresses an ITC (Input Tax Credit) mismatch for the financial year 2021-22. The initial demand has been reduced as follows:

• Penalty reduced from ₹1,34,41,427 to ₹2,47,734.
• Interest reduced from ₹7,62,33,455 to ₹19,66,778.
• Tax reduced from ₹9,74,06,747 to ₹23,96,748.

Impact and Next Steps

The Company does not foresee any material impact on its financial, operations or other activities and the Company is in process of filing an appeal before the appropriate authority within prescribed timelines.

Source: BSE

Infomerics Valuation and Rating Limited has downgraded the credit ratings for Sterling and Wilson Renewable Energy Limited’s long-term and short-term bank facilities. The long-term bank facilities have been downgraded to IVR BBB/Stable, while short-term facilities face downgrades to IVR A3+. A ₹5,675.99 crore long-term facility also experienced a downgrade. One facility was withdrawn due to full repayment.

Rating Downgrade Details

Sterling and Wilson Renewable Energy Limited (S&W) has received notification of revised credit ratings from Infomerics Valuation and Rating Limited, impacting both long-term and short-term financial facilities. The announcement, dated December 09, 2025, outlines several key changes to the company’s credit profile.

Long-Term Bank Facilities

The credit rating for long-term bank facilities, amounting to ₹5,675.99 crore, has been downgraded to IVR BBB/Stable from IVR BBB+/Stable.

Short-Term Bank Facilities

The rating for short-term bank facilities has been downgraded to IVR A3+.

Facility Withdrawal

A long-term bank facility of ₹0.00 crore (reduced from ₹22.75 crore) has had its rating withdrawn following full repayment and a ‘No Dues Certificate’ from the lender.

Revised Ratings Summary

Here’s a summary of the key rating actions:

• Long-term Bank Facilities: Downgraded to IVR BBB/Stable on ₹5,675.99 crore.
• Short-term Bank Facilities: Downgraded to IVR A3+ on ₹175.00 crore.
• Long/Short Term Bank Facilities: Downgraded to IVR BBB/Stable / IVR A3+ on ₹53.00 crore.
• Long-term Bank Facilities: Rating Withdrawn on ₹0.00 crore.

Source: BSE

The Multi Commodity Exchange (MCX) has announced the cancellation of its previously scheduled analyst/institutional investor meeting. The meeting, initially slated for December 11, 2025, was intended to provide an update on the stock exchange. The company has stated that further information will be available on its official website.

Investor Meeting Update

Multi Commodity Exchange (MCX) has announced the cancellation of an upcoming analyst/institutional investor meeting that was previously scheduled. The company had initially informed the stock exchange about the meeting’s schedule in a prior communication dated December 03, 2025.

Meeting Details

The cancelled meeting was scheduled for Thursday, December 11, 2025. It was planned as a Capital Group / Virtual (online) meeting with HDFC Securities.

Further Information

The company stated that the information regarding the cancellation would also be disclosed on the company’s website at https://www.mcxindia.com/

Source: BSE