Aditya Birla Real Estate announces its joint venture, Birla Advanced Knits Private Limited (BAKPL), will sell its plant and machinery to RSWM Limited for ₹54.11 crores. The sale agreement was reached on October 13, 2025, resulting in the closure of the joint venture’s operations. The investment of ₹114 crores was provided in the financial year 2024-25.

Asset Sale Agreement

Birla Advanced Knits Private Limited (BAKPL), a joint venture of Aditya Birla Real Estate and Grasim Industries Ltd., has entered into an agreement on October 13, 2025, to sell all its plant and machinery to RSWM Limited (Buyer) for a cash consideration of ₹54.11 crores.

Closure of Operations

The sale of assets will result in the complete closure of BAKPL’s business operations.

Financial Details

The equity investment of Aditya Birla Real Estate in the Joint Venture is ₹114 crores, which was provided in the last financial year, 2024-25.

Reason for Closure

The closure of operations is attributed to the non-viability of the knit fabric business due to economic disadvantages and high operational costs. BAKPL has discontinued its business operations following the asset sale agreement.

Source: BSE

KFin Technologies has successfully completed the acquisition of a 51% controlling stake in Ascent Fund Services (Singapore) Pte. Ltd. The initial agreement was dated April 16, 2025. This acquisition was executed through a subscription to 763,651 ordinary shares and the purchase of 4,533,030 ordinary shares of Ascent Fund, for a total consideration of USD 34,680,013.93.

Acquisition Completed

KFin Technologies has finalized its acquisition of a 51% stake in Ascent Fund Services (Singapore) Pte. Ltd. (Ascent Fund). The initial transaction, outlined in agreements dated April 16, 2025, has been successfully executed.

Details of the Transaction

The acquisition was completed through KFin Technologies’ wholly owned subsidiary, KFin Technologies (Singapore) Pte. Ltd. The transaction involved subscribing to 763,651 ordinary shares of Ascent Fund and purchasing 4,533,030 ordinary shares from existing shareholders. The total consideration for this transaction amounted to USD 34,680,013.93.

Strategic Rationale

This acquisition is expected to strengthen KFin Technologies’ position in fund services and expand its global reach.

Source: BSE

Oil India Limited (OIL) has achieved mechanical completion of the Numaligarh-Siliguri Product Pipeline (NSPL) project as of October 12, 2025. This upgrade will increase the transportation capacity of the pipeline from 1.77 to 5.5 Million Metric Tonnes Per Annum (MMTPA). The pipeline upgrade will support increased product flows from the Numaligarh Refinery and improve energy infrastructure in Northeast India.

Numaligarh-Siliguri Pipeline Completed

Oil India Limited (OIL) has announced the mechanical completion of its Numaligarh-Siliguri Product Pipeline (NSPL) project, marking a significant milestone in enhancing India’s energy security. The completion date was October 12, 2025.

Enhanced Pipeline Capacity

The Numaligarh-Siliguri Product Pipeline (NSPL) project aims to significantly increase the transportation capacity of the existing pipeline. With this upgrade, the pipeline’s capacity will increase from 1.77 Million Metric Tonnes Per Annum (MMTPA) to 5.5 MMTPA. This enhancement strengthens OIL’s midstream infrastructure and facilitates the handling of increased product flows from the Numaligarh Refinery.

Supporting Refinery Expansion

This project complements the Numaligarh Refinery Expansion Project by Numaligarh Refinery Ltd. (NRL). The refinery expansion is projected to increase its capacity from 3.0 MMTPA to 9.0 MMTPA. The pipeline completion underscores OIL’s commitment to enhancing energy infrastructure and contributing to the growing demand for petroleum products in India.

Source: BSE

NBCC has issued a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2025. The certificate confirms compliance regarding dematerialization of securities.

Regulatory Compliance Update

NBCC (India) Limited confirms adherence to regulatory standards with the issuance of a compliance certificate. The certificate pertains to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ending September 30, 2025.

Details of Compliance

A certificate was received from NBCC’s Registrar and Share Transfer Agent (RTA), Alankit Assignment Limited, confirming compliance with the stipulated regulations for the quarter ended September 30, 2025. The certificate confirms that no physical share certificates were received for dematerialization during the specified period.

Availability of Information

The information regarding this compliance is also available on the company’s website for review. Interested parties can access the details at https://www.nbccindia.in/webEnglish/announcementNotices.

Source: BSE

Anand Rathi Wealth has announced the resignation of Chief Operating Officer, Niranjan Babu Ramayanam, due to personal commitments. Mr. Ramayanam will continue his duties until the close of business hours on November 10, 2025, to ensure a smooth transition. The resignation is effective from that date. Further details are provided in the company’s official statement.

COO Departure

Niranjan Babu Ramayanam has resigned from his position as Chief Operating Officer of Anand Rathi Wealth due to personal commitments. His last day will be November 10, 2025.

Transition Period

Mr. Ramayanam will continue to fulfill his responsibilities as COO until the close of business on November 10, 2025, to facilitate a smooth handover. The announcement was made on October 13, 2025.

Reason for Resignation

The reason stated for Mr. Ramayanam’s resignation is due to personal commitments.

Source: BSE

Oil India Limited (OIL) and North Eastern Electric Power Corporation Limited (NEEPCO) have extended their gas supply agreement for another 15 years. OIL will supply 1.4 MMSCMD of natural gas to NEEPCO’s Assam Gas Based Power Station (AGBPS) in Bokuloni, Dibrugarh. This new agreement ensures continued power generation for the region, building on a prior 10-year arrangement between the two companies.

Continued Gas Supply to Assam Power Plant

Oil India Limited (OIL) has formalized an agreement with North Eastern Electric Power Corporation Limited (NEEPCO), extending their existing Gas Sale and Purchase Agreement (GSPA). This new agreement ensures a consistent supply of natural gas to NEEPCO’s Assam Gas Based Power Station (AGBPS) located in Bokuloni, Dibrugarh.

Key Terms of the Agreement

Under the terms of the agreement, Oil India Limited will supply 1.4 MMSCMD (Million Metric Standard Cubic Meters per Day) of natural gas to NEEPCO. The duration of this extended agreement is 15 years, ensuring a long-term, stable supply of gas for power generation.

Strategic Importance

The AGBPS is a significant gas-based power plant in Assam, playing a crucial role in meeting the region’s power demand. This agreement demonstrates Oil India’s commitment to ensuring sustained gas supply using its domestic resources. It also supports regional energy security and promotes affordable, clean energy solutions for the Northeast.

Executive Perspectives

The agreement was officially executed by the Executive Director (Business Development) of OIL, Sh Ranjan Goswami, and the Executive Director (Operation & Maintenance) of NEEPCO, Sh Bijit Kumar Goswami, at the AGBPS office in Bokuloni, Dibrugarh, Assam.

Source: BSE

Gravita India has announced the issuance of a compliance certificate pertaining to regulations governing depositories and participants. The certificate confirms adherence to stipulated guidelines for the quarter ended September 30, 2025. This announcement signifies the company’s commitment to regulatory compliance and transparent operational practices. KFin Technologies Limited, the Registrar and Share Transfer Agent, provided the certificate.

Certificate of Compliance

Gravita India confirms it has received a certificate of compliance concerning depository and participant regulations. The document covers the period ending September 30, 2025, reinforcing the company’s commitment to meeting regulatory requirements.

Confirmation from KFin Technologies

KFin Technologies Limited, acting as the Registrar and Share Transfer Agent for Gravita India, issued the certificate. This document confirms that all relevant securities-related transactions for the specified quarter have been appropriately processed and recorded.

Details on Dematerialization

The certificate specifically addresses the dematerialization and rematerialization of securities. KFin Technologies has confirmed that details of these activities have been duly furnished to the relevant stock exchanges, in accordance with established guidelines. This ensures full transparency and compliance with all applicable regulatory obligations.

Source: BSE

LT Foods has executed an agreement to acquire Global Green International N.V. and its subsidiaries, including Global Green Europe Kft. and Greenhouse AGRAR Kft., as part of a European expansion. The acquisition will be undertaken by LT Foods Europe Holdings Limited or its subsidiaries and is expected to close in Q3 FY2025-26. The purchase price is EUR 6 million at closing with potential earn-outs.

Strategic Acquisition in Europe

LT Foods is expanding its operations in Europe through the acquisition of Global Green International N.V. This move includes the acquisition of Global Green Europe Kft., Greenhouse AGRAR Kft., and Global Green International (UK) Limited. The acquisition is in line with the company’s strategy to become a more diversified and future-ready food company.

Deal Structure and Financials

The acquisition will be completed by LT Foods Europe Holdings Limited or one of its subsidiaries. The purchase consideration consists of a cash payment of EUR 6 million at closing, plus a potential earn-out of EUR 1.8 million contingent on future earnings. The deal is expected to close in Q3 FY2025-26, subject to customary closing conditions.

Target Company Overview

Global Green International N.V. has operations primarily in Hungary. The company serves over 30 countries in Europe and is a key producer of canned sweet corn and gherkins. The company has an annual capacity of 117 million jars and cans. It operates two manufacturing sites and employs more than 170 employees.

Financial Performance of Target

The acquired entities have demonstrated solid financial performance over the past three years:

• 2022: EUR 40.8 million
• 2023: EUR 37.0 million
• 2024: EUR 40.3 million

The acquisition is subject to FDI clearance in Hungary.

Source: BSE