Kirloskar Oil Engines has approved the transfer of its Business to Customer (B2C) business segment to its wholly-owned subsidiary, La-Gajjar Machineries Private Limited, through a slump sale. This strategic move, effective October 11, 2025, aims to enhance operational efficiency and sharpen focus on core business areas. The consideration involves the issuance of 1,065,150 equity shares of La-Gajjar Machineries to Kirloskar Oil Engines.

Strategic Business Transfer

Kirloskar Oil Engines Limited has announced the transfer of its Business to Customer (B2C) business segment to its wholly-owned subsidiary, La-Gajjar Machineries Private Limited (“LGM”). The Board of Directors approved this transfer during a meeting held on October 10, 2025.

Rationale Behind the Transfer

This strategic move aims to drive significant operational efficiencies by eliminating redundancies and streamlining market channels. It will also enhance the product portfolio, optimize resource allocation and create a simplified corporate structure, positioning the companies for sustainable growth.

Terms of the Agreement

The B2C business segment transfer will be effective from October 11, 2025. Kirloskar Oil Engines will receive consideration in the form of 1,065,150 equity shares of LGM, each with a face value of INR 10, through a private placement.

Financial Details of the Transferred Business

The B2C business segment contributed significantly to Kirloskar Oil Engines’ financials:

• Revenue from Operations: INR 592.61 Cr (11.59%)
• Total Income: INR 592.93 Cr (11.52%)
• Net Worth: INR (11.95) Cr (0.40%)
• Turnover: INR 591.25 Cr (11.66%)

About La-Gajjar Machineries Private Limited

La-Gajjar Machineries Private Limited is Kirloskar Oil Engines’ wholly-owned subsidiary. It had a turnover of INR 493.44 Cr and Revenue from operations of INR 506.90 Cr for FY 2024-25. LGM is engaged in the business of manufacturing, distribution, and sale of pump sets and motors.

Source: BSE

Samvardhana Motherson International Limited announces that its indirect subsidiary, SMP Automotive Solutions Slovakia s.r.o. (“SMP Slovakia”), has merged with Motherson SAS Automotive Systems and Technologies Slovakia s.r.o. (“Motherson SAS”). The merger application was filed on October 3, 2025, and SMP Slovakia was deregistered on October 8, 2025, ceasing to exist from that date. Both entities were indirect wholly-owned subsidiaries of the Company.

Merger of Subsidiaries

Samvardhana Motherson International Limited has confirmed the merger of its indirect subsidiary, SMP Automotive Solutions Slovakia s.r.o. (“SMP Slovakia”), with Motherson SAS Automotive Systems and Technologies Slovakia s.r.o. (“Motherson SAS”). This strategic move aims to streamline operations and enhance efficiency within the group.

Key Dates and Details

The merger application was officially submitted on October 3, 2025. Following the completion of the merger process, SMP Slovakia was formally deregistered at the Commercial Register on October 8, 2025. Consequently, SMP Slovakia has ceased to exist, effective from October 8, 2025. Both SMP Slovakia and Motherson SAS were indirect, wholly-owned subsidiaries of Samvardhana Motherson International Limited.

Financial Impact

The turnover contributed by SMP Slovakia during the last financial year was INR 705 million, representing 0.06% of the company’s total turnover. The net worth contributed by SMP Slovakia during the same period was INR 72 million.

Source: BSE

Elecon Engineering Company announced strong Q2 FY26 results, reporting consolidated revenue of ₹578 crores, a 13.8% Y-o-Y increase. EBITDA stood at ₹126 crores with a margin of 21.7%. The company declared an interim dividend of ₹0.50 per share. Elecon is on track to reach ₹2,650 crores revenue for FY26, driven by both domestic and international demand, with significant growth in the MHE division.

Financial Performance

Elecon Engineering Company reported a consolidated revenue of ₹578 crores for Q2 FY26, a 13.8% year-over-year increase. EBITDA for the quarter was ₹126 crores, resulting in an EBITDA margin of 21.7%. Profit after Tax (PAT) reached ₹88 crores, yielding a PAT margin of 15.2%. The order book for the quarter grew to ₹688 crores, a 28% year-over-year increase.

Dividend Announcement

The Board of Directors declared an interim dividend of ₹0.50 per equity share (50%) with a face value of ₹1 per share. The record date for determining entitlement is October 16, 2025, and the dividend will be paid from November 3, 2025.

Segment Performance

The Gear Division reported a revenue of ₹441 crores, an 8.9% increase. The Material Handling Equipment (MHE) division showed significant growth, with revenue increasing to ₹137 crores, a 33.0% year-over-year gain.

Strategic Outlook

Elecon is focused on expanding its international presence and aims to generate 50% of its consolidated revenue from international markets by FY30. Investments in R&D and strategic alliances underpin this growth strategy.

Source: BSE

One 97 Communications Limited (Paytm) has completed the transfer of 90.01% equity shares of Foster Payment Networks Private Limited from Paytm Financial Services Limited. The transfer was executed on October 10, 2025, making Foster Payment Networks a subsidiary of Paytm. The remaining 9.99% equity shares transfer is underway and expected to finalize by December 31, 2025. This acquisition simplifies the group’s organizational structure.

Foster Payment Networks Now a Paytm Subsidiary

Paytm has successfully completed the acquisition of a majority stake in Foster Payment Networks Private Limited. On October 10, 2025, Paytm finalized the transfer of 90.01% of Foster’s equity shares from Paytm Financial Services Limited (PFSL). Following the completion of the transfer, Foster Payment Networks is now officially a subsidiary of One 97 Communications Limited (Paytm).

Remaining Share Acquisition in Progress

The company is also in the process of acquiring the remaining 9.99% equity shares of Foster from other shareholders. This final transfer is expected to be completed by December 31, 2025. Once this final acquisition is complete, Foster will become a wholly-owned subsidiary of Paytm.

Strategic Rationale

This acquisition is part of Paytm’s internal restructuring efforts, with the goal of streamlining the group’s organizational structure, improving business efficiency, and ensuring better alignment of operations.

Key Financial Details

The cost of acquiring the initial 90.01% equity shares from PFSL is approximately INR 55.20 crores, based on Fair Value as of September 30, 2025. The expected cost of acquiring the remaining 9.99% equity shares from other shareholders is approximately INR 6.20 Crores.

Foster’s Financial Performance

Foster Payment Networks’ total income for the financial year ending March 31, 2025, was INR 4.12 Crores. The total income for previous financial years include: INR 4.22 Crores for FY 2023-24 and INR 2.54 Crores for FY 2022-23.

Source: BSE

Adani Ports has received a revised ESG score of 66, an improvement from the previous score of 65. This assessment, dated October 8, 2025, moves the company from the top 95th percentile to the top 96th percentile within the Transportation and Transportation Infrastructure sector. The Company continues to hold the highest score in the environmental dimension.

Revised ESG Score

Adani Ports has received a revised ESG score of 66, reflecting an improvement from the previous score of 65. This score is based on the Corporate Sustainability Assessment dated October 8, 2025.

Percentile Ranking

With this updated score, Adani Ports has advanced from the top 95th percentile to the top 96th percentile within the Transportation and Transportation Infrastructure sector.

Commitment to Environment

Adani Ports continues to maintain a leading position and holds the highest score in the environmental dimension, underscoring its commitment to sustainability.

Source: BSE

KPIT Technologies has completed the acquisition of 100% equity shares of OXI SRL Italy for USD 6 million. This finalizes the initial agreement to acquire Caresoft Global Technologies. The total acquisition of Caresoft was previously renegotiated to USD 157 million. KPIT Technologies (UK) Limited and KPIT Technologies Inc, USA have already infused EURO 28 million and USD 28 million towards equity share capital.

OXI SRL Acquisition Finalized

KPIT Technologies (UK) Limited has successfully acquired 100% equity shares of OXI SRL Italy, marking the completion of the acquisition process. The acquisition was completed for a total consideration of USD 6 million.

Background on Caresoft Acquisition

The acquisition is linked to the broader acquisition of Caresoft Global Technologies. The initial plan, announced on May 6, 2025, involved a total consideration of up to US$191 Million. However, following changes in the business environment, the parties renegotiated the total consideration amount for the acquisition of Caresoft to US$ 157 Million, including US$ 15 Million variable pay.

Previous Investments

Prior to this final acquisition, KPIT Technologies Limited infused EURO 28 million and USD 28 million into KPIT Technologies (UK) Limited and KPIT Technologies Holding Inc, USA. Also, KPIT Technologies (UK) Limited and KPIT Technologies Inc, USA paid an initial USD 51 million to acquire 100% Equity shares of Caresoft Global Technologies, Inc. USA, Caresoft Engineering Services Limited, UK and CAREGLOTECH de RL de CV Mexico.

Source: BSE

One 97 Communications has received a compliance certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2025. The certificate was issued by MUFG Intime India Private Limited, the Registrar and Share Transfer Agent.

Compliance Confirmation

One 97 Communications (Paytm) has announced the receipt of a compliance certificate concerning SEBI regulations. This certificate, dated October 10, 2025, confirms adherence to specific requirements for depositories and participants. The assessment period covers the quarter concluding on September 30, 2025.

Details of the Certificate

The compliance certificate was issued by MUFG Intime India Private Limited, acting as the Registrar and Share Transfer Agent for One 97 Communications. MUFG Intime India Private Limited confirmed that they did not receive any demat requests for processing during the quarter ended September 30, 2025.

Source: BSE

Samvardhana Motherson International Limited has received approval for listing its Commercial Paper (CP) issue of INR 500 crore. The CPs, each with a face value of Rs. 500,000, are listed on the BSE Limited. The date of maturity is set for January 7, 2026. The listing intimation was issued by BSE Limited on October 10, 2025. The CPs carry an interest rate of 5.90%.

Commercial Paper Listing Approved

Samvardhana Motherson International Limited announced the listing approval for its Commercial Paper (CP) issue, totaling INR 500 crore. This issuance consists of 10000 Commercial Papers each having a face value of Rs. 500,000.

Key Details of the CP Issue

The Commercial Papers have been officially listed on BSE Limited, as confirmed by the listing intimation dated October 10, 2025. Key details of the issuance are as follows:

• Tenure: 90 days
• Date of Issue/Allotment: October 9, 2025
• Maturity Date: January 7, 2026
• Coupon/Interest Rate: 5.90%
• In Favor Of: Kotak Mahindra Bank Limited
• ISIN: INE775A14780
• Security: Unsecured

BSE Notice Highlights

According to the BSE notice 730372, the scrip ID is SMIL091025, and the detail name is SMIL-07-01-26-CP. The issue price was Rs. 492830.50. The actual date of allotment was October 9, 2025, with a redemption date of January 7, 2026.

Source: BSE

CARE Ratings has reaffirmed its ‘CARE AAA; Stable’ credit rating for Can Fin Homes’ long-term bank facilities and debt instruments. The rating affirmation reflects Can Fin Homes’ strong parentage, with Canara Bank as a key shareholder, its robust financial flexibility, and healthy asset quality. The outlook is stable, indicating consistent financial performance and operational efficiency.

Credit Ratings Reaffirmed

Can Fin Homes has received reaffirmation of its credit ratings from CARE Ratings for various financial instruments. The long-term bank facilities, including Non-Convertible Debentures and Tier II bonds, continue to hold a ‘CARE AAA; Stable’ rating. This rating is effective as of October 9, 2025.

Key Rating Drivers

The ratings are underpinned by Can Fin Homes’ connection to Canara Bank, which provides strategic direction and a shared brand franchise. The company’s ability to raise funds from diverse sources at competitive rates also supports the rating. The company exhibits strong financial performance, stable profitability, and adequate capitalisation.

Rated Facilities Details

The facilities that have had their ratings reaffirmed include:

• Long-term bank facilities: ₹10,000.00 crore
• Non-convertible debentures: ₹10,000.00 crore
• Non-convertible debentures: ₹1,375.00 crore
• Non-convertible debentures: ₹2,500.00 crore
• Non-convertible debentures: ₹3,000.00 crore
• Tier II bonds: ₹300.00 crore
• Commercial paper: ₹4,500.00 crore (rated CARE A1+)

Rating Sensitivities

The rating is sensitive to changes in the credit profile of Canara Bank, any alteration in Canara Bank’s approach towards Can Fin Homes, or an increase in gearing beyond 10x levels. A weakening of asset quality would also negatively impact the rating.

Outlook

The outlook is considered ‘Stable’, reflecting the expectation that Canara Bank will continue its support and that Can Fin Homes will maintain comfortable asset quality and a healthy financial profile.

Source: BSE