Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from Southern Railway. This project involves the design, supply, erection, testing, and commissioning of traction sub stations. The work will occur in the Jolarpettai Jn. Salem Jn. section and supports a mission to achieve 3000MT loading target. The project value is Rs 145,34,66,865.48.

Southern Railway Project Award

Rail Vikas Nigam Limited (RVNL) has been awarded a significant project by Southern Railway, formalized through a Letter of Acceptance (LOA). The announcement confirms RVNL’s role in a project aimed at enhancing railway infrastructure in the Southern region.

Project Details and Scope

The project encompasses the design, supply, erection, testing, and commissioning of Traction Sub Stations (Scott-Connected), including Power Quality Compensating Equipment. This includes associated Switching Posts (SP/SSP) for 2×25 KV at Feeding System and SCADA & Automatic Fault Locator (AFL). The execution will take place in the Jolarpettai Jn. – Salem Jn. (JTJ-SA) section of the Salem Division of Southern Railway.

Project Objectives

The primary objective of this project is to support the mission to achieve a 3000MT loading target, enhancing the capacity and efficiency of the railway network.

Financial Details

The total cost of the project is Rs 145,34,66,865.48 (Rupees One Hundred Forty-Five Crore Thirty-Four Lakh Sixty-Six Thousand Eight Hundred Sixty-Five and Forty-Eight paisa). The project is expected to be completed within 540 days.

Source: BSE

Shri Arun Kumar Singh has been re-appointed as Chairman of Oil and Natural Gas Corporation (ONGC), effective 07.12.2025. The re-employment, approved by the Appointment Committee of the Cabinet (ACC), is for a one-year term or until further notice. The announcement was made on December 3, 2025.

Chairman’s Re-employment

Oil and Natural Gas Corporation (ONGC) announced the re-employment of Shri Arun Kumar Singh as its Chairman. The decision, approved by the Appointment Committee of the Cabinet (ACC), ensures continuity in leadership for the company.

Effective Date and Term

The re-employment of Shri Arun Kumar Singh is effective from 07.12.2025. He will serve as Chairman for a period of one year, or until further orders, whichever is earlier. The official announcement was made on 03.12.2025.

Source: BSE

UltraTech Cement has announced the authorisation of its Key Managerial Personnel (KMPs) to determine the materiality of events and disclosures. This decision, effective from December 1, 2025, includes Mr. Dhiraj Kapoor, Company Secretary, and others. The authorised KMPs can now make disclosures of material events to stock exchanges as per regulations.

Authorised Personnel Announcement

UltraTech Cement announced the authorisation of key personnel for determining the materiality of events and information disclosure. This decision is effective from December 1, 2025.

Key Personnel Authorised

The following Key Managerial Personnel (KMPs) are authorised:

Mr. K. C. Jhanwar, Managing Director

Mr. Atul Daga, Chief Financial Officer

Mr. Dhiraj Kapoor, Company Secretary and Compliance Officer

Responsibilities

These KMPs are authorised to determine the materiality of an event or information. They also are responsible for making disclosures of material events to the stock exchanges.

Source: BSE

RailTel Corporation of India has been awarded a project worth ₹48.77 crore (excluding tax) by the Mumbai Metropolitan Region Development Authority (MMRDA). The project involves designing, developing, and implementing a Regional Information System for Mumbai Metropolitan Region and Urban Observatory, scheduled for completion by December 28, 2027. This project will enhance RailTel’s portfolio in the IT and infrastructure domain.

New Project Acquisition

RailTel Corporation of India announced on December 3, 2025, that it has secured a new work order from the Mumbai Metropolitan Region Development Authority (MMRDA) for a project valued at ₹48,77,92,166 (excluding tax).

Project Details and Scope

The project involves the Selection of System Integrator (SI) for Design, Development and Implementation of Regional Information System for Mumbai Metropolitan Region and Urban Observatory at MMRDA, Mumbai. The project is expected to be completed by December 28, 2027.

Source: BSE

Oil India Limited has been granted ‘Navratna’ status by the Department of Public Enterprises, Ministry of Finance, Government of India. This acknowledges Oil India as a premier public sector enterprise, offering enhanced autonomy and strategic decision-making capabilities. This elevation signifies the company’s strong financial performance and contributions to India’s energy sector. The announcement was made on December 3, 2025.

‘Navratna’ Status Awarded

Oil India Limited has received the ‘Navratna’ status, marking a significant milestone for the company. The official grant, conferred by the Department of Public Enterprises under the Ministry of Finance, recognizes Oil India’s contributions to the sector. The formal announcement was made on December 3, 2025.

Implications for Oil India

The ‘Navratna’ status allows Oil India greater operational independence, enabling faster decision-making and strategic investments. The company gains the ability to pursue larger projects, accelerating its growth trajectory and contribution to India’s energy security.

Source: BSE

Indian Railway Finance Corporation (IRFC) will participate in a Non-Deal Roadshow (NDR) in Singapore and Hong Kong from December 8th to 10th, 2025. During this roadshow, IRFC will engage with various investors to discuss the company’s Q2/FY23-26 financial results, along with other publicly available information.

IRFC Announces Investor Roadshow

Indian Railway Finance Corporation (IRFC) has announced that it will be participating in a Non-Deal Roadshow (NDR) in Singapore and Hong Kong.

Roadshow Details

The roadshow is scheduled to take place from December 8th to 10th, 2025. During the interaction with investors, the company will discuss its financial performance for the quarter ended Q2/FY23-26. The company confirmed that only information already available in the public domain will be discussed at the investor meetings.

Source: BSE

Shriram Finance confirms the listing of securities comprised in certificates on the stock exchanges. Integrated Registry Management Services, the registrar, has verified, mutilated, and cancelled received security certificates for dematerialization, substituting them with the depository’s name as the registered owner. This confirmation is based on a report and certificate dated December 03, 2025, from their R&T Agent.

Certificate of Security Compliance

Shriram Finance confirms compliance with regulations related to securities certificates. Key highlights include:

Stock Exchange Listing

The securities comprised in the certificates have been listed on the Stock Exchanges.

Dematerialization Process

Integrated Registry Management Services Private Limited, the Registrar and Share Transfer Agent, has completed the following actions:

• Verification of security certificates received for dematerialization.
• Mutilation and cancellation of the certificates.
• Substitution in the register of members with the name of the depository as the registered owner.

This confirmation is based on the report and certificate dated December 03, 2025, received from the R&T Agent. A list of Share Certificates dematerialized from 16/11/2025 to 30/11/2025 is also included:

Folio No.Certificate No.Distinctiv No. (From)Distinctiv No. (To)No. of sharesRemarks

20709
800888
1874215711
1874217210
1500
Demat

65010
802257
1876545091
1876545340
250
Demat

41354
801635
1874887111
1874887360
250
Demat

81657
803598
1879543716
1879543990
275
Demat

65018
800818
1874135436
1874139935
4500
Demat

65018
803451
1879171421
1879178170
6750
Demat

54266
802318
1876676251
1876676750
500
Demat

65035
800280
1873556916
1873557165
250
Demat

77838
803254
1878676331
1878677830
1500
Demat

54254
802317
1876674251
1876676250
2000
Demat

81446
803579
1879409131
1879409880
750
Demat

35566
801410
1874706251
1874706750
500
Demat

65020
802176
1876290621
1876295620
5000
Demat

72371
802777
1877607746
1877611120
3375
Demat

25518
801119
1874475436
1874478895
3460
Demat

65030
803298
1878768796
1878772170
3375
Demat

65030
800867
1874196636
1874197385
750
Demat

9073
800425
1873695971
1873696470
500
Demat

9072
800424
1873695471
1873695970
500
Demat

81387
803575
1879406006
1879407130
1125
Demat

65013
801948
1875479121
1875484120
5000
Demat

76102
803095
1878314571
1878318320
3750
Demat

27332
801164
1874513736
1874513840
105
Demat

86316
804141
1880188656
1880188955
300
Demat

65023
800029
1873326326
1873326825
500
Demat

65024
802222
1876445291
1876447790
2500
Demat

65006
800335
1873601641
1873602640
1000
Demat

42366
801666
1874908806
1874909305
500
Demat

13723
800593
1873873681
1873873930
250
Demat

48707
802031
1875742871
1875745370
2500
Demat

48695
802030
1875740371
1875742870
2500
Demat

Source: BSE

Godawari Power & Ispat has received the ‘Consent to Operate’ for the expansion of its Iron Ore Palletization Plant. This expansion increases the plant’s capacity from 2.7 MTPA to 4.7 MTPA. Commercial production is expected to begin within a week. The approval was granted by the Chhattisgarh Environment Conservation Board.

Iron Ore Plant Expansion Approved

Godawari Power & Ispat has received the go-ahead to begin operations at its expanded Iron Ore Palletization Plant. The ‘Consent to Operate’ allows the company to increase production capacity at its facility.

Capacity Increase

The expansion project will increase the plant’s capacity significantly, from a previous level of 2.7 Million Tones Per Annum (MTPA) to a new capacity of 4.7 MTPA. This represents a substantial increase in production capabilities for the company.

Commercial Production Soon

The company expects to begin commercial production at the expanded plant within a week’s time, following the receipt of necessary consents. After commencing commercial operations, the exchanges will be intimated about it.

Source: BSE

Samvardhana Motherson International has completed the acquisition of Business and Assets of Rubbertec Group. The acquisition, executed through its indirect subsidiary, Motherson Elastomers Pty Ltd. (MEPL), was completed on December 3, 2025, following the fulfillment of precedent conditions. The initial announcement of the acquisition was made on October 29, 2025. This strategic move expands Motherson’s capabilities in the elastomers sector.

Rubbertec Group Acquisition Finalized

Samvardhana Motherson International announces the successful completion of its acquisition of the Business and Assets of Rubbertec Group, which was originally disclosed on October 29, 2025.

MEPL Plays Key Role

The acquisition was executed via Motherson’s indirect subsidiary, Motherson Elastomers Pty Ltd. (MEPL), effectively expanding the group’s reach and competencies. This acquisition concluded on December 3, 2025, upon the satisfaction of required conditions.

Strategic Benefits

This acquisition reinforces Samvardhana Motherson’s commitment to strategic growth, contributing to the evolution and diversity of their product and service portfolio. With the closing of this deal, Motherson anticipates significant value generation from the newly acquired assets and business, contributing to long-term stakeholder value.

Source: BSE

Deepak Fertilisers received an order regarding the non-disclosure of immovable property, investments, and contingent liabilities in accounts. While the company has been asked to pay a compounding fee, no corrective action is required. The company maintains its accounting treatment is correct and the issue is technical.

Order Regarding Non-Disclosures

Deepak Fertilisers has received an order pertaining to alleged non-disclosures related to immovable property, investments, and contingent liabilities in its books of accounts. The order originated from the Regional Director, Western Region, Mumbai, and addresses the company’s application for compounding under Section 441 of the Companies Act, 2013.

Issue and Company Stand

The authority contends that the company did not appropriately present its investment in equity shares of a subsidiary. Specifically, the investment was shown in the immovable property schedule instead of the investments schedule.

Deepak Fertilisers asserts that it disclosed the investment amount in the schedule of immovable property. They further state that the disclosure included necessary facts reflecting the economic rights of the immovable property, adhering to accounting standards. The company applied the concept of ‘substance over form’ in its accounting treatment.

Contingent Liabilities

The authority also noted that the company did not recognize a contingent liability in notes to accounts for disputed statutory dues, deeming it a technical issue.

Deepak Fertilisers states it has consistently applied IND AS 37, read with Section 129 of the Companies Act, 2013. The company made necessary provisions in its accounts for part of the demand and showed the remaining amount under Contingent Liability. A certificate from the Statutory Auditors, confirming this accounting treatment, was submitted.

Outcome and Impact

The company is confident in the correctness of its accounting treatment. The order states that Deepak Fertilisers need not take any corrective action. The authority considered the issue an unintentional non-compliance. The compounding fees cover a period from 2017-18 to 2021-22.

Key Details

The Regional Director, Western Region, Mumbai, issued the order on December 2, 2025. The order, exercising powers under Section 441 of the Companies Act, 2013, compounded the alleged violation of Section 129 r/w IND AS 28 & 37 of the Companies Act, 2013. It imposed a total compounding fee of Rs. 35,50,000/- (i.e., Rs. 17,75,000/- each) on the Chairman & Managing Director and ex-Chief Financial Officer. There is no impact on the Company’s financials, operations or other activities due to the order.

Source: BSE