Vedant Fashions has announced the rescheduling of its analyst/investor meetings. The meetings, originally scheduled for December 1, 2025, and December 4, 2025, have been moved to December 3, 2025, and December 12, 2025, respectively. Both meetings will be held virtually and will be one-to-one sessions. The company intends to only discuss publicly available information during these meetings.

Analyst/Investor Meetings Rescheduled

Vedant Fashions has rescheduled its previously announced meetings with analysts and investors. The changes affect meetings originally planned for early December 2025.

Revised Meeting Schedule

The company has provided the following updates to its meeting schedule:

The meeting initially scheduled for December 1, 2025 (Monday), has been rescheduled to December 3, 2025 (Wednesday). This meeting will be conducted virtually as a one-to-one interaction.

Similarly, the meeting previously scheduled for December 4, 2025 (Thursday), has been moved to December 12, 2025 (Friday). This meeting will also be a virtual one-to-one session.

Information Disclosure

During these meetings, Vedant Fashions intends to only discuss information that is already in the public domain. The company will not be sharing any unpublished price-sensitive information.

Source: BSE

Timken India announced the completion of the purchase of equity shares of Timken GGB Technology Private Limited from Timken Europe B.V. and The Timken Company. The acquisition was completed on December 1, 2025, further expanding Timken India’s portfolio.

Acquisition Completion

Timken India has finalized the acquisition of equity shares in Timken GGB Technology Private Limited. The shares were purchased from Timken Europe B.V. and The Timken Company.

Transaction Details

The transaction, which was previously communicated on November 3, 2025, and November 22, 2025, has now been successfully completed as of December 1, 2025.

Source: BSE

SBI has announced that Shri Anindya Sunder Paul has taken over the charge of DMD (Finance) and has been designated as Key Managerial Personnel. This change is effective from December 1, 2025.

Key Personnel Change

Shri Anindya Sunder Paul has assumed the role of DMD (Finance) and has been appointed as Key Managerial Personnel at SBI.

Effective Date

The changes are effective from December 1, 2025.

Source: BSE

NMDC Limited announced its production and sales figures for iron ore up to November 2025. The company reported a production of 3.58 MT for Chhattisgarh and 1.43 MT for Karnataka. Sales figures stood at 2.87 MT and 1.30 MT for Chhattisgarh and Karnataka, respectively. Cumulative production up to November reached 21.42 MT in Chhattisgarh and 10.06 MT in Karnataka, while cumulative sales were 20.76 MT and 9.52 MT, respectively.

November 2025 Production Highlights

NMDC Limited has released its production and sales data for iron ore, covering the period up to November 2025. The announcement details the performance of its Chhattisgarh and Karnataka sectors.

Monthly Production and Sales

In November 2025, the Chhattisgarh sector achieved a production volume of 3.58 MT and sales of 2.87 MT. The Karnataka sector recorded 1.43 MT in production and 1.30 MT in sales.

Compared to November 2024, Chhattisgarh’s production was 3.27 MT and sales were 2.90 MT. Karnataka produced 1.24 MT and sold 1.10 MT during the same period.

Cumulative Performance

The cumulative production up to November 2025 reached 21.42 MT in Chhattisgarh and 10.06 MT in Karnataka. Cumulative sales for the same period totaled 20.76 MT for Chhattisgarh and 9.52 MT for Karnataka.

For the comparative period up to November 2024, Chhattisgarh’s cumulative production was 17.13 MT with sales of 19.66 MT. Karnataka’s cumulative production was 8.93 MT and sales stood at 8.18 MT.

Source: BSE

Wipro has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information to adhere to updated principles effective December 1, 2025. The changes, aimed at maintaining transparency and fairness, align with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The updated code is available on Wipro’s website.

Revised Disclosure Code

Wipro has updated its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, reflecting recent amendments to regulations concerning insider trading. The updated code will be effective from December 1, 2025. The aim is to further enhance fairness and transparency in information disclosure.

Key Objectives

The revised code seeks to establish a robust framework for the fair disclosure of events impacting price discovery of Wipro’s securities. This ensures uniformity, transparency, and fairness in dealing with stakeholders while adhering to all relevant laws and regulations.

Chief Investor Relations Officer (CIRO)

The Head of Investor Relations will function as the CIRO, responsible for ensuring uniform and universal dissemination of information. The CIRO will oversee timely disclosure of Unpublished Price Sensitive Information (UPSI) to prevent selective disclosure.

Handling of UPSI

UPSI will be made available strictly on a need-to-know basis and only for legitimate purposes, in line with the Insider Code. Wipro emphasizes sensitizing employees on handling UPSI and maintaining confidentiality. Any sharing of UPSI requires adherence to wall-crossing procedures.

Legitimate Purposes

Wipro outlines a policy for determining legitimate purposes for sharing UPSI, emphasizing that such sharing must be in the company’s best interest and without intentions of misuse. Examples include sharing information for financial reporting or strategic alliances.

Code Review

The board retains the power to amend the code. The revised code will be published on the company’s website and promptly communicated to stock exchanges.

Source: BSE

Tech Mahindra announced the approval of a merger between its wholly-owned step-down subsidiaries, LCC North Central Europe, B.V. and LCC Europe B.V., effective April 1, 2025. This strategic move aims to streamline operations and reduce compliance risks. The merger is subject to regulatory approvals in the country of incorporation. Post-merger, LCC North Central Europe, B.V. will cease to exist as a separate entity.

Subsidiary Merger Details

Tech Mahindra has approved a plan to merge LCC North Central Europe, B.V. (LCC NCE) with LCC Europe B.V. The effective date of the merger is set for April 1, 2025. The decision was made by the Board of Directors of the respective companies on December 1, 2025.

Entities Involved

LCC North Central Europe, B.V. (LCC NCE), the transferor company, is incorporated in the Netherlands. As of financial year 2024-25, its turnover was INR 136.70 million. It is a wholly-owned subsidiary of LCC Europe B.V., and a step-down subsidiary of Tech Mahindra. It focuses on the design, construction, and management of data centers.

LCC Europe B.V. (LCC EUROPE), the transferee company, is also incorporated in the Netherlands. As of financial year 2024-25, its turnover was Nil. It serves as a holding company with investments in LCC Group entities across Europe, Africa, and Latam.

Rationale Behind the Merger

The primary goal of this merger is to consolidate entities, thereby reducing the number of entities within the group. This will optimize operational costs and significantly reduce compliance-related risks.

Post-Merger Structure

Upon completion of the transaction, LCC North Central Europe, B.V. will cease to be a wholly-owned subsidiary of LCC Europe B.V., ultimately simplifying Tech Mahindra’s corporate structure.

Financial Implications

The merger will not involve any cash consideration or the issuance of new shares. The investment of LCC Europe B.V. in LCC North Central Europe, B.V. will be cancelled when the merger becomes effective.

Source: BSE

Ambuja Cement has successfully commissioned the brownfield expansion of its Clinker Unit in Bhatapara, Chhattisgarh. This expansion adds 4 Million Ton Per Annum (MTPA) to the company’s production capacity. With the commissioning of this unit, Ambuja Cement’s consolidated clinker capacity has increased to 66 MTPA. The announcement was made on December 1, 2025.

Clinker Unit Expansion Complete

Ambuja Cement has announced the successful commissioning of its expanded Clinker Unit in Bhatapara, Chhattisgarh. The brownfield expansion adds 4 Million Ton Per Annum (MTPA), significantly increasing the company’s production capabilities.

Increased Production Capacity

The commissioning of the expanded Clinker Unit brings Ambuja Cement’s total consolidated clinker capacity to 66 MTPA. This expansion strengthens Ambuja Cement’s position in the market and supports its ability to meet growing demand.

Source: BSE

IRB Infrastructure Developers Ltd. has approved the sale of its VM7 Expressway Private Limited to the IRB InvIT Fund for a consideration of ₹513 crore. This move will reduce debt and improve the company’s consolidated financial position. The transaction involves the transfer of the Gandeva Ena (VM7) HAM project, a part of the Delhi Mumbai Greenfield Expressway. IRB will also manage the project post-transfer.

VM7 Expressway Divestment

The Board of Directors at IRB Infrastructure Developers Ltd. has approved the sale of its wholly-owned subsidiary, VM7 Expressway Private Limited, to the IRB InvIT Fund. The decision, made on December 1, 2025, includes the transfer of the Gandeva Ena (VM7) HAM project.

Financial Impact

The sale will generate approximately ₹5,130 million in aggregate purchase consideration. This will be paid by the Trust in cash and in one or more tranches. This sum will be used for the sale and transfer of 100% equity shares of VM7, prepayment of senior debt, and repayment of subordinate debt and unsecured loans related to VM7. The company expects the deal to be completed by February 28, 2026.

Project Management

IRB Infrastructure Developers will act as the project manager for the VM7 project post-acquisition. The operation period is expected to last approximately 15 years, with a fixed consideration of up to ₹2,445.7 million (inclusive of applicable taxes).

Strategic Rationale

According to Mr. Virendra D. Mhaiskar, Chairman & Managing Director, this transfer bolsters the company’s strategy, ensuring long-term cash flow stability and enhancing payouts for the IRB InvIT Fund, while improving IRB Infra’s capability to pursue future growth opportunities.

Source: BSE

Amber Enterprises India has announced the completion of the acquisition of an 80% stake in Shogini Technoarts Pvt Ltd through its material subsidiary, IL JIN Electronics (India) Private Limited (“IL JIN”). The acquisition was finalized on December 1, 2025, for a total purchase consideration of approximately Rs. 506 Crore. Shogini Technoarts now becomes a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises India.

Acquisition Completion

Amber Enterprises India has successfully completed the acquisition of an 80% stake in Shogini Technoarts Pvt Ltd. This acquisition was executed through IL JIN Electronics (India) Private Limited (“IL JIN”), a material subsidiary of Amber Enterprises.

Details of the Transaction

The acquisition was finalized on December 1, 2025. The total purchase consideration for the 80% stake in Shogini Technoarts is approximately Rs. 506 Crore.

Shogini’s Position

Following the completion of this acquisition, Shogini Technoarts has now become a subsidiary of IL JIN. Consequently, Shogini is also a step-down subsidiary of Amber Enterprises India.

Source: BSE