Clean Science and Technology’s promoter group has executed an inter-se transfer of shares via gift on November 27, 2025. This transaction involves several promoter entities gifting shares to other entities within the promoter group. The move leads to adjustments in the individual shareholdings of promoters, while keeping the overall promoter group holding constant.

Promoter Group Shareholding Adjustment

On November 27, 2025, Clean Science and Technology disclosed an internal realignment of shareholding within its promoter group. This adjustment was executed through off-market transactions where certain promoters gifted equity shares to other members of the group. The goal was to reallocate holdings amongst the promoters without altering the group’s total stake in the company.

Key Details of the Share Transfers

Several key transactions occurred during this realignment:

• Siddhartha Ashok Sikchi acquired 26,00,000 equity shares, increasing his stake to 5.41%.
• Asha Ashok Boob acquired 86,19,490 equity shares, raising her shareholding to 9.60%.
• Nilima Krishnakumar Boob acquired 66,29,986 equity shares, bringing her stake to 6.33%.
• Ashok Ramnarayan Boob transferred 26,00,000 equity shares, resulting in a stake of 3.45%.
• Parth Ashok Maheshwari transferred 28,09,745 equity shares, decreasing his stake to 0.09%.
• Nidhi Mohunta transferred 58,09,745 equity shares, lowering her shareholding to 0.09%.
• Prasad Krishnakumar Boob transferred 34,24,000 equity shares, resulting in a stake of 0.00%.
• Pooja Vivek Navandar transferred 32,05,986 equity shares, bringing her stake to 0.21%.

Impact of the Transaction

The inter-se transfer of shares has no impact on the overall control or management of Clean Science and Technology. The total shareholding of the promoter group remains unchanged, with the transfer simply redistributing ownership amongst family members and related entities. There was no consideration involved, as the transfers were executed as gifts.

Source: BSE

Adani Defence Systems and Technologies Limited (ADSTL) and Horizon Aero Solutions Limited (HASL), subsidiaries of Adani Enterprises, will acquire a 72.8% stake in Flight Simulation Technique Centre Private Limited (FSTC) for an enterprise value of INR 820 Cr. The acquisition aims to bolster Adani Defence’s integrated aviation services, from MRO to full-stack pilot training. This positions Adani to support the growing demand for pilots in both civil and defence sectors.

Strategic Acquisition in Flight Training

Adani Defence Systems and Technologies Limited (ADSTL) and Horizon Aero Solutions Limited (HASL), both subsidiaries of Adani Enterprises, have entered into definitive agreements to acquire a majority stake in Flight Simulation Technique Centre Private Limited (FSTC). The agreement was signed on November 27, 2025.

Deal Terms and Stake Details

The subsidiaries will collectively acquire a 72.8% stake in FSTC. The enterprise value of this acquisition is INR 820 Cr. This move signifies Adani’s strategic expansion into the aviation training sector.

Rationale and Strategic Alignment

This acquisition is part of Adani’s broader vision to establish an integrated aviation services ecosystem. It spans from Maintenance, Repair, and Overhaul (MRO) services to advanced pilot training programs. The company anticipates strong synergies between its existing aviation businesses and FSTC, enhancing its service offerings to both civil and defence sectors. The completion of this deal is expected to significantly enhance Adani’s presence in the aviation industry.

FSTC’s Capabilities

FSTC operates 11 full-flight simulators and 17 training aircraft. They offer a comprehensive range of pilot training programs, from commercial licenses to specialized skill courses. They have simulation centers in Gurugram and Hyderabad and also operate flying schools in Bhiwani and Narnaul in Haryana.

Source: BSE

Adani Defence Systems and Technologies Limited (ADSTL) and Horizon Aero Solutions Limited (HASL), subsidiaries of Adani Enterprises, will acquire a 72.8% stake in Flight Simulation Technique Centre Private Limited (FSTC) and Flight Simulation Solutions Private Limited (FSS). Agreements have been signed on November 27, 2025. The deal is valued at an Enterprise Value of INR 820 Cr.

Strategic Acquisition in Flight Simulation

Adani Defence Systems and Technologies Limited (ADSTL) and Horizon Aero Solutions Limited (HASL), both subsidiaries of Adani Enterprises, have entered into agreements to acquire a significant stake in the flight simulation sector. The agreements, signed on November 27, 2025, mark a strategic move to expand Adani Enterprises’ presence in aerospace and defence.

Details of the Transaction

The acquisition involves obtaining a 72.8% stake in Flight Simulation Technique Centre Private Limited (FSTC) and Flight Simulation Solutions Private Limited (FSS). HASL is a subsidiary of ADSTL, with 50% held by ADSTL and the remaining 50% by Prime Aero Services LLP. The deal is based on an Enterprise Value of INR 820 Cr.

Parties Involved

The key parties involved in this acquisition are:

1. Adani Defence Systems and Technologies Limited (ADSTL): A wholly-owned subsidiary of Adani Enterprises.
2. Horizon Aero Solutions Limited (HASL): A subsidiary of ADSTL.
3. Flight Simulation Solutions Private Limited (FSS)
4. Flight Simulation Technique Centre Private Limited (FSTC): Subsidiary of FSS.

Source: BSE

Karur Vysya Bank (KVB) has strengthened its presence by opening new branches in Tirunelveli, Tamil Nadu, and Kakinada, Andhra Pradesh on November 27, 2025. These expansions increase the bank’s all-India branch network to 898 and aim to offer a comprehensive suite of banking services, including accounts, deposits, and loans, catering to diverse customer needs. The bank continues to combine traditional values with modern financial solutions.

New Branches Inaugurated

Karur Vysya Bank (KVB) has expanded its network with new branches in Melapalayam, Tirunelveli (Tamil Nadu), and Sarpavaram Junction, Kakinada (Andhra Pradesh), both inaugurated on November 27, 2025. The expansion aims to strengthen the bank’s reach and provide comprehensive banking services to a wider customer base.

Comprehensive Banking Services

The new branches will offer a wide array of banking services, including savings and current accounts, deposits, and loans. These services are designed to meet the diverse financial requirements of retail, institutional, and consumer clients. The bank emphasizes efficient handling of both basic and specialized banking transactions.

Management Commentary

Shri Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, highlighted the bank’s commitment to strengthening its presence in key markets and driving financial inclusion. He emphasized the bank’s focus on combining traditional banking values with modern financial solutions to ensure quality banking services reach every corner of the market.

About Karur Vysya Bank

As of September 30, 2025, Karur Vysya Bank has a network of 898 branches and 2226+ ATMs and cash recyclers. The bank’s total business stood at Rs. 2,03,216 cr, with deposits at Rs. 1,10,492 cr and advances at Rs. 92,724 cr. The net profit for Q2 FY26 was reported at Rs. 574 crores, and the net NPA of the Bank was 0.19%.

Source: BSE

UTI Asset Management Company (AMC) has announced changes to its Board. Mr. Dinesh Kumar Mehrotra and Mr. Narasimhan Seshadri concluded their terms as Non-Executive Independent Directors on November 27, 2025. Mr. Deepak Kumar Chatterjee has been appointed as the new Chairperson, effective November 28, 2025. The Board acknowledged the valuable contributions of the outgoing directors.

Board Restructuring

UTI Asset Management Company Limited (AMC) has announced key changes to its Board of Directors. The changes involve the conclusion of terms for two Non-Executive Independent Directors and the appointment of a new Chairperson.

Directors Stepping Down

Mr. Dinesh Kumar Mehrotra and Mr. Narasimhan Seshadri completed their tenures as Non-Executive Independent Directors on November 27, 2025. Mr. Mehrotra also ceased to be the Chairperson of the Board and Corporate Social Responsibility & ESG Committee, and member of Audit Committee, Nomination and Remuneration Committee, and FINCON Governance Committee. Mr. Seshadri also ceased to be the Chairperson of Nomination and Remuneration Committee and member of Audit Committee, Risk Management Committee, and Unitholder Protection Committee.

New Chairperson Appointed

Effective November 28, 2025, Mr. Deepak Kumar Chatterjee, currently a Non-Executive Independent Director, has been appointed as the Chairperson of the Board. This appointment follows the departure of Mr. Dinesh Kumar Mehrotra.

Committee Composition

Following the board restructuring, there were changes in committee compositions:

Audit Committee

• Mr. Atul Dhawan (Chairperson)
• Ms. Jayashree Vaidhyanathan (Member)
• Ms. P V Bharathi (Member)
• Ms. Linsely Carruth (Member)

Nomination and Remuneration Committee

• Mr. Philip Mathew (Chairperson)
• Ms. Linsely Carruth (Member)
• Mr. Atul Dhawan (Member)
• Ms. Vishakha R M (Member)

Risk Management Committee

• Ms. Jayashree Vaidhyanathan (Chairperson)
• Mr. Deepak Kumar Chatterjee (Member)
• Ms. Linsely Carruth (Member)
• Ms. Vishakha R M (Member)

Corporate Social Responsibility & ESG Committee

• Ms. Vishakha R M (Chairperson)
• Mr. Philip Mathew (Member)

Stakeholders Relationship Committee

• Mr. Santosh Kumar (Chairperson)
• Mr. Deepak Kumar Chatterjee (Member)
• Ms. Jayashree Vaidhyanathan (Member)
• Ms. Vishakha R M (Member)

Unitholder Protection Committee

• Ms. P V Bharathi (Chairperson)
• Mr. Deepak Kumar Chatterjee (Member)
• Ms. Linsely Carruth (Member)
• Mr. Philip Mathew (Member)
• Mr. Imtaiyazur Rahman (Member)

FINCON Governance Committee

• Ms. Linsely Carruth (Chairperson)
• Mr. Deepak Kumar Chatterjee (Member)
• Mr. Atul Dhawan (Member)
• Ms. P V Bharathi (Member)
• Mr. Philip Mathew (Member)

Source: BSE

Rail Vikas Nigam Limited (RVNL) has been awarded a Letter of Award (LOA) from East Coast Railway for the supply, installation, testing, and commissioning of an IP-based video surveillance system. The project, which is for rolling stock, is in accordance with RDSO Specification No.:- RDSO/SPN/TC/106/2025, version 3.1. The company stated that this work falls within its normal course of business.

Surveillance Project Awarded

Rail Vikas Nigam Limited (RVNL) has secured a significant project from East Coast Railway. The Letter of Award (LOA) covers the supply, installation, testing, and commissioning of an IP-based video surveillance system. The official announcement was made on November 27, 2025.

Project Details

The project scope is centered around implementing a video surveillance system that meets the standards outlined in RDSO Specification No.:- RDSO/SPN/TC/106/2025, version 3.1. The system will be installed on the rolling stock of East Coast Railway. This initiative aligns with RVNL’s ongoing business operations.

Financial Details

The project cost, excluding GST, is valued at ₹9,64,07,109.79. RVNL was awarded the project as the sole bidder. Commencement is expected within 30 days of contract issuance, with completion targeted within 180 days thereafter.

Source: BSE

Petronet LNG Limited has officially changed the location of its registered office, effective November 26, 2025. The office remains within the local limits of New Delhi. All physical communications should be directed to the new address at Fourth Floor, Tower-I, World Trade Centre, Nauroji Nagar, New Delhi – 110029.

Petronet LNG Announces New Registered Office

Petronet LNG Limited has announced the relocation of its registered office within New Delhi. The change, effective November 26, 2025, follows Board approval.

New Address Details

The new registered office is located at:

Petronet LNG Limited

Regd. Office: Fourth Floor, Tower-I, World Trade Centre, Nauroji Nagar, New Delhi – 110029

All physical communications should now be directed to this address.

Source: BSE

Intellect Design Arena has elevated Manish Maakan, previously CEO of Wholesale Banking, to Executive President and Group Chief Revenue Officer. Effective November 27, 2025, Maakan’s expanded role includes global revenue responsibilities. He will continue to be categorized as a Senior Management Personnel (SMP) of the Company. Maakan has over 34 years of experience in banking, financial technology, and consulting.

Leadership Change Announcement

Intellect Design Arena announced the elevation of Manish Maakan to Executive President and Group Chief Revenue Officer, effective November 27, 2025. The decision was approved by the Board of Directors.

Manish Maakan’s New Role

Manish Maakan, formerly the CEO of Wholesale Banking at Intellect, will now also assume the role of Group Chief Revenue Officer, expanding his responsibilities to a global scale. The move signifies a strategic shift in the company’s leadership structure to further drive revenue growth across all regions.

Experience and Background

With over 34 years of experience in banking, financial technology, consulting, and enterprise technology, Maakan has been with Intellect Design Arena and its predecessor businesses for nearly 19 years. Prior to this elevation, he served as the Chief Executive Officer of Intellect’s Wholesale Banking business since 2013, where he played a crucial role in expanding the company’s platforms across major global financial markets.

Previous Roles

Before leading Intellect’s Wholesale Banking business, Maakan held leadership positions at Polaris Software. He also served as CIO at GE Money. Maakan also held technology and consulting positions at Whirlpool Corporation, Ernst & Young (USA), Analysts International Corporation (USA), and IBM.

Source: BSE

Craftsman Automation announces the resignation of Mr. Ajay Battu, Chief Technical Officer for Aluminium Products, effective close of business hours on November 27, 2025. The resignation is due to personal reasons. The company has initiated the process to ensure a smooth transition and is seeking a suitable replacement.

Management Change

Craftsman Automation confirms that Mr. Ajay Battu, the Chief Technical Officer (CTO) of Aluminium Products, has resigned from his position, citing personal reasons. His last day of employment will be November 27, 2025.

Resignation Details

Mr. Battu’s resignation is effective from the close of business hours on November 27, 2025. The company has acknowledged his contributions and expressed gratitude for his service. Craftsman Automation is actively seeking a replacement to fill the role and maintain operational efficiency.

Source: BSE

Tata Technologies has completed its acquisition of Es-Tec GmbH and its subsidiaries, collectively known as Es-Tec Group. The acquisition strengthens Tata Technologies’ position as a global engineering and development partner in the automotive industry. The deal, valued at €75 million, adds over 300 German engineers with expertise in ADAS and embedded software to Tata Technologies’ global team.

Acquisition Completed Ahead of Schedule

Tata Technologies successfully completed the acquisition of 100% equity shares of Es-Tec GmbH and its subsidiaries (Es-Tec Group) on November 27, 2025. The completion occurred earlier than the initially projected timeline of December 31, 2025.

Strategic Benefits of the Acquisition

The acquisition of Es-Tec Group is expected to provide Tata Technologies with key strategic and commercial advantages:

• Direct access to European OEM programs through Es-Tec’s Wolfsburg base.
• Enhanced domain capability with the addition of specialist German engineering talent.
• Diversified client footprint, accelerating Tata Technologies’ evolution as an ER&D partner.
• Cross-selling and integration synergies, extending Es-Tec Group’s capabilities to Tata Technologies’ global client base.

Financial Details

The transaction is valued at €75 million, including performance-based payouts.

Expertise Acquired

Es-Tec Group brings expertise in areas such as ADAS, connected platforms, systems engineering, and embedded software. The acquisition adds over 300 German engineers to Tata Technologies’ global delivery network.

Leadership Perspectives

Warren Harris, MD & CEO, Tata Technologies, stated that the acquisition marks a pivotal step in Tata Technologies’ transformation into a global, independent engineering partner.

Marc Wille, MD & CEO, Es-Tec Group, expressed enthusiasm about scaling their capabilities globally while continuing to serve German OEM partners with high standards of engineering excellence.

Source: BSE