Aadhar Housing Finance announces a change in its senior management personnel due to an internal reporting structure adjustment. Mr. Noel Mascarenhas, previously designated as Senior Management Personnel (SMP), will transition from this role but remain with the company under a new reporting framework, effective October 10, 2025. This change does not represent a cessation of employment.

Senior Management Update

Aadhar Housing Finance has announced a change regarding its Senior Management Personnel (SMP) structure. Effective October 10, 2025, Mr. Noel Mascarenhas will no longer be considered an SMP due to adjustments in the company’s internal reporting framework.

Details of the Change

The change, effective as of the closure of business hours on October 10, 2025, means that Mr. Mascarenhas will no longer fall under the definition of SMP. This is attributed to internal restructuring within the company.

Continued Role Within the Company

Despite the change in SMP status, Mr. Noel Mascarenhas will continue his employment with Aadhar Housing Finance. He remains with the company, with a new reporting structure. His previous designation was Head – Marketing and Product.

Source: BSE

Cyient has appointed Utkarsh Srivastav as its new Chief Marketing Officer (CMO). Srivastav will spearhead the marketing organization, focusing on driving brand growth, enhancing customer engagement, and strengthening market positioning. He brings extensive experience in B2B marketing and technology services to Cyient. His previous role was Senior Director and Head of Marketing at L&T Technology Services.

New Marketing Leadership

Cyient Limited has announced the appointment of Utkarsh Srivastav as Chief Marketing Officer (CMO), effective October 10, 2025. In his role as CMO, Utkarsh will be responsible for leading the marketing organization and driving initiatives focused on brand development, customer engagement strategies, and overall market positioning for Cyient.

Experience and Expertise

Utkarsh Srivastav brings a wealth of experience as a seasoned B2B marketing leader with a strong background in driving brand recognition and growth within technology and engineering services sectors. His expertise includes crafting brand narratives, developing differentiated value propositions, and executing strategic go-to-market initiatives for global organizations.

Previous Role

Prior to joining Cyient, Utkarsh Srivastav held the position of Senior Director and Head of Marketing at L&T Technology Services (LTTS). During his tenure at LTTS, he led the development of the company’s new brand positioning and its subsequent global launch. He also conceptualized and delivered the ER&D Hackathon and Bus Tour campaign. Before LTTS, Utkarsh spent eleven years at HCLTech, focusing on marketing for Cloud and Infrastructure services, CXO/ABM programs, and sports marketing activations.

Cyient’s Perspective

Sukamal Banerjee, Executive Director & Chief Executive Officer of Cyient, welcomed Utkarsh to the team, highlighting his expertise in marketing strategy and brand transformation as instrumental in strengthening Cyient’s global presence and position as a trusted partner for delivering Intelligent Engineering solutions.

Utkarsh’s Vision

Utkarsh Srivastav expressed his excitement about joining Cyient and emphasized the company’s vision of driving purposeful innovation and engineering a sustainable future. He looks forward to collaborating with global teams to enhance Cyient’s brand equity and create compelling experiences for customers, partners, and stakeholders.

Source: BSE

Aadhar Housing Finance’s board has approved the new Employee Stock Option Plan 2025, following the recommendation of the Nomination and Remuneration Committee. The plan aims to incentivize employees and align their interests with the company’s growth. The Board also approved seeking shareholder approval. The new plan authorizes a maximum pool of 3,11,22,170 ESOPs. Grants under the 2020 plan will cease.

New ESOP Plan Approved

The board of directors of Aadhar Housing Finance has approved the implementation of a new Employee Stock Option Plan (ESOP) 2025. This decision was made at a meeting held on October 10, 2025, following a recommendation from the Nomination and Remuneration Committee. The primary objective of the ESOP 2025 is to incentivize employees and align their interests with the company’s long-term growth and profitability.

Key Features of the Plan

The ESOP Plan 2025 authorizes the grant of a maximum pool of 3,11,22,170 options to eligible employees. The Board has also approved seeking shareholder approval for the new plan via postal ballot. With the approval of the ESOP Plan 2025, the Board has decided that no further grants will be made under the previous Employee Stock Option Plan 2020.

Pricing and Implementation

For grants approved within 30 days of in-principle approval from the Recognized Stock Exchange, the exercise price will be ₹425 per option. Any grants made after this initial period will be priced as determined by the Nomination and Remuneration Committee, potentially with a discount of up to 20% from the market price on the grant date.

Source: BSE

Poonawalla Fincorp Limited has announced the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs) for an amount aggregating up to ₹3,000 crore. The NCDs have a face value of ₹1,00,000 each and will be issued in dematerialized form through private placement. The debentures will be secured by a first-ranking pari passu charge on hypothecated properties.

Debenture Issuance Approved

Poonawalla Fincorp Limited’s Finance Committee approved the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs) up to ₹3,000 crore. These debentures have a face value of ₹1,00,000 each. This decision was authorized by the Board of Directors. The issuance will be in dematerialized form through private placement.

Key Details of the NCDs

The NCDs are to be issued under PFL Series ‘G1’ FY 2025-26, with a base issue of ₹2,500 crore, and through re-issuance under PFL NCD Series ‘D1’ FY 2025-26 (INE511C07912) with a base issue of ₹500 crore.

Security and Charge

The obligations under the Debentures will be secured by a first-ranking pari passu charge on the Hypothecated Properties until the Redemption Date. This security cover is deemed sufficient.

Additional Information

Details regarding the tenor, coupon offered, schedule of payments, and dates of allotment and redemption are available in the key information document. The company shall pay an additional coupon of 2% over the applicable rate for any delay in payment of interest or principal.

Source: BSE

Welspun Corp has received a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period from July 1, 2025 to September 30, 2025. The certificate, provided by MUFG Intime India Private Limited, confirms compliance with handling securities received for dematerialization.

Certificate of Compliance

Welspun Corp has announced the receipt of a certificate confirming compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This certificate covers the period from July 1, 2025 to September 30, 2025, corresponding to Q2 of the Indian Financial Year.

Details of the Certificate

The certificate was issued by MUFG Intime India Private Limited, the Registrar and Share Transfer Agent. It confirms that the securities received from depository participants for dematerialization during the specified quarter were duly processed and confirmed to the depositories. It also confirms that security certificates received for dematerialization have been correctly handled.

Regulatory Compliance

This announcement confirms Welspun Corp’s compliance with regulatory requirements related to the handling of securities and dematerialization processes.

Source: BSE

Akzo Nobel India has received a show cause notice from the Maharashtra GST Department regarding a disallowance of Input Tax Credit. The notice, dated September 30, 2025, pertains to the period from April 2021 to March 2022. The total amount in question is ₹3,94,59,459, including tax, interest, and potential penalties. The company is currently preparing its response.

GST Notice Received

Akzo Nobel India has been issued a show cause notice by the Maharashtra GST Department. The notice relates to a disallowance of Input Tax Credit identified during a GST scrutiny process. The company received the notice on October 9, 2025, at 6:00 pm.

Details of the Disallowance

The show cause notice, dated September 30, 2025, refers to potential disallowance of Input Tax Credit for the period covering April 2021 to March 2022. The total amount related to this disallowance is approximately ₹3,94,59,459.

Financial Implications

The total liability mentioned in the notice is ₹3,94,59,459, which includes the tax amount, applicable interest, and potential penalties as per the notice.

Company Response

Akzo Nobel India is currently reviewing the show cause notice and preparing a detailed response. The company intends to submit its response within the stipulated timelines. The matter is subject to further submissions and review by the relevant authorities.

Source: BSE