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NTPC Green Energy Signs MoU for Gujarat Renewable Projects

NTPC Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to develop renewable energy projects. The agreement encompasses Solar Parks and Projects with a cumulative capacity of 10 GW and Wind Projects of 5 GW in the state. The MoU was exchanged on October 9, 2025, during the Vibrant Gujarat Regional Conference in Mehsana, Gujarat, marking a significant step in Gujarat’s renewable energy development.

Renewable Energy Push in Gujarat

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, is set to boost Gujarat’s renewable energy capacity through a newly signed Memorandum of Understanding (MoU) with the state government. This agreement focuses on developing both solar and wind energy projects, contributing significantly to the state’s green energy goals.

Projected Capacity and Scope

The MoU outlines the development of Solar Parks and Projects with a total capacity of 10 GW, alongside Wind Projects targeting 5 GW. This substantial investment in renewable energy infrastructure is expected to drive economic growth and create new opportunities within the sector. The formal exchange of the MoU occurred on October 9th, 2025, during the Vibrant Gujarat Regional Conference held in Mehsana, Gujarat.

Source: BSE

Bank of Maharashtra Outstanding Bonds Statement for Half Year Ended September 2025

Bank of Maharashtra has released its statement of outstanding bonds for the half-year ended September 30, 2025. The total amount outstanding is ₹8430.70 crore. The statement includes details of bonds with varying maturity dates and coupon rates, along with embedded call options where applicable. Key debenture trustees include IDBI Trusteeship Services, SBICAP Trustee Company, Catalyst Trusteeship, and Axis Trustee Services.

Outstanding Bonds Summary

As of September 30, 2025, Bank of Maharashtra reports a total outstanding amount of ₹8430.70 crore in debt securities.

Key Bond Details

The outstanding bonds have various issuance dates and maturity dates, with coupon rates ranging from 7.70% to 9.20% per annum. Most of these bonds have an embedded call option available to the bank after a specified period.

Debenture Trustees

The debenture trustees for these bonds include:

  • IDBI Trusteeship Services Limited
  • SBICAP Trustee Company Limited
  • Catalyst Trusteeship Ltd
  • Axis Trustee Services Limited

Details of Outstanding Bonds

Here’s a summary of the key features of the outstanding bonds:

Issuer ISIN Issue Date Maturity Date Coupon Rate Amount Outstanding (₹ Cr)
Bank of Maharashtra INE457A08134 26.12.2022 Perpetual 8.74% 880.00
Bank of Maharashtra INE457A08118 08.09.2022 Perpetual 8.74% 710.00
Bank of Maharashtra INE457A08100 24.03.2022 Perpetual 8.75% 290.00
Bank of Maharashtra INE457A08142 18.09.2023 18.09.2033 7.98% 515.00
Bank of Maharashtra INE457A08126 07.12.2022 07.12.2032 8.00% 348.00
Bank of Maharashtra INE457A08092 21.10.2021 21.10.2031 7.86% 1000.00
Bank of Maharashtra INE457A08084 23.03.2021 23.03.2031 8.00% 100.00
Bank of Maharashtra INE457A08076 11.02.2021 11.02.2031 8.00% 205.00
Bank of Maharashtra INE457A08068 14.12.2020 12.12.2030 7.75% 200.70
Bank of Maharashtra INE457A08167 04.07.2024 04.07.2034 7.89% 1000.00
Bank of Maharashtra INE457A08035 27.06.2016 27.09.2026 9.20% 500.00
Bank of Maharashtra INE457A08159 14.12.2023 14.12.2033 7.99% 259.00
Bank of Maharashtra INE457A08175 05.08.2024 05.08.2034 7.80% 811.00
Bank of Maharashtra INE457A08183 18.02.2025 17.02.2035 7.70% 1612.00
Total 8430.70

Source: BSE

Aptus Value Housing Finance Certificate for Quarter Ended September 30, 2025

Aptus Value Housing Finance India Limited has announced the successful completion and submission of the certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended September 30, 2025. The certificate, dated October 2, 2025, was received from KFin Technologies Limited, the Registrar and Transfer Agent, and confirms compliance with regulatory requirements regarding dematerialization/rematerialization of securities.

Regulatory Compliance

Aptus Value Housing Finance India Limited confirms adherence to regulatory standards. A certificate verifying compliance for Q2 (July-September) of 2025 has been obtained. The certificate, mandated under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018, confirms the proper handling of securities dematerialization and rematerialization.

Certificate Details

The certificate, dated October 2, 2025, was issued by KFin Technologies Limited, the Registrar and Transfer Agent for Aptus Value Housing Finance India Limited. It confirms that all requirements pertaining to the specified regulations have been duly met for the reporting period ending September 30, 2025.

Source: BSE

ICICI Prudential September 2025 Performance Update

ICICI Prudential Life Insurance reports its performance update for September 2025. The company highlights its key business metrics, including RWRP, APE, and new business premium growth. The update provides insights into the company’s strategy, industry overview, and financial performance.

Premium Growth Highlights

The company’s performance update for September 2025 includes the following key metrics:

  • RWRP: ₹6.82 billion, with a year-on-year growth of -8.5%
  • APE: ₹8.71 billion, showing a year-on-year growth of -1.1%
  • New Business Premium: ₹17.61 billion, reflecting a year-on-year growth of 6.1%
  • New Business Sum Assured: ₹1,098.59 billion, with a year-on-year growth of 12.5%

Strategy and Performance

ICICI Prudential focuses on a 3C Framework: Customer Centricity, Competency and Catalyst, to drive sustainable VNB growth, balancing business growth, profitability, and risk management.

Key elements of the strategy include:

  • Comprehensive product suite centered around customer needs.
  • Diversified distribution channels.
  • Operational efficiency.

Q1-FY2026 Performance Snapshot

The company provided a performance snapshot for Q1-FY2026 with these highlights:

  • APE: ₹18.64 billion (Year-on-Year growth: -5.0%).
  • VNB Margin: 24.5%
  • Profits after Tax: ₹3.02 billion (Year-on-Year growth: 34.2%).
  • Solvency Ratio: 212.3%

Product and Channel Mix

The product mix in Q1-FY2026 is characterized by:

  • Linked products: 47%
  • Non-linked products: 22%
  • Protection: 22%

Distribution channels include:

  • Agency: 25%
  • Direct: 13%
  • Bancassurance: 30%

Persistency and Customer Centricity

The company emphasizes customer service and persistency. 13M persistency reached 86.0% as of June 30, 2025. Also noted is a high claim settlement ratio, with digital transformation improving customer journeys, with ~53% of policies issued using digital KYC and ~54% of savings policies being issued on the same day in Q1-FY2026.

Source: BSE

Manappuram Finance Certificate Under Regulation 74(5) for Quarter Ended September 30, 2025

Manappuram Finance has announced the successful completion of the certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2025. The certificate confirms the dematerialization of securities and compliance with stock exchange listing requirements. This announcement reassures investors regarding the company’s adherence to regulatory norms.

Compliance Certificate Issued

Manappuram Finance confirms it has received the necessary certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the financial quarter ending September 30, 2025 (Q2 FY26). This confirms the company’s compliance with regulatory requirements related to dematerialization.

Details of Compliance

The confirmation certificate, received from MUFG Intime India Private Limited, the Registrar and Transfer Agent, validates that securities dematerialized during the quarter are listed on the stock exchanges. Furthermore, the securities have been processed according to the stipulated regulations.

Securities Dematerialization Confirmation

The company confirms that all securities which were dematerialized are listed on the Stock Exchanges where the earlier issued securities are listed, reinforcing investor confidence.

Source: BSE

Natco Pharma Appoints Mr. G. Vijay Kiran Kumar as Vice President

Natco Pharma has announced the appointment of Mr. G. Vijay Kiran Kumar as Vice President – Corporate Quality Assurance (Formulations), effective from October 9th, 2025. Mr. Kumar brings over 24 years of experience in the pharmaceutical industry. His expertise encompasses cGMP and GLP standards, regulatory compliance, and production management. He previously worked with Dr. Reddy’s Laboratories as Plant Head.

Leadership Change

Mr. G. Vijay Kiran Kumar has been appointed as Vice President – Corporate Quality Assurance (Formulations) at Natco Pharma. This appointment takes effect from October 9th, 2025.

About Mr. G. Vijay Kiran Kumar

Mr. Kumar is described as a seasoned Quality assurance professional, with more than 24 years of experience in the pharmaceutical sector, particularly in Indian Bulk Drug/API Manufacturing Industries. His capabilities include the adept management of multifaceted responsibilities related to cGMP, GLP standards, regulatory needs, production operations, avant-garde technology implementation, quality and compliance audits, and financial oversight. He was previously associated with Dr. Reddy’s Laboratories Limited as Plant Head.

Source: BSE

Vodafone Idea Certificate for Quarter Ended September 30, 2025

Vodafone Idea has provided a certificate under the SEBI (Depositories & Participants) Regulations for the quarter ended September 30, 2025. The certificate, received from Bigshare Services Pvt. Ltd., confirms the details of dematerialized and rematerialized securities for the specified quarter. The company has enclosed the certificate, with details on securities dematerialized/rematerialized during the quarter.

Certificate of Compliance

Vodafone Idea has announced the issuance of a certificate pertaining to compliance with SEBI regulations related to depositories and participants. This announcement, dated October 9, 2025, provides an update on the status of securities for the quarter ending September 30, 2025.

Details of Dematerialization

According to the certificate, a total of 172 shares were dematerialized during the quarter from July 1, 2025 to September 30, 2025. Specifically, 172 shares were dematerialized via NSDL, while no shares were dematerialized via CDSL. No shares were rematerialized during this period.

Total Dematerialized Shares

As of September 30, 2025, the total number of shares in dematerialized form stands at 1,08,34,30,18,093, representing over 99.9999% of the company’s total paid-up equity share capital.

Source: BSE

Sammaan Capital Avenir Investment to Acquire 26% Stake Through Open Offer

Avenir Investment RSC Ltd, along with IHC Capital Holding LLC, has announced an open offer to acquire up to 34,17,54,286 equity shares of Sammaan Capital Limited, representing 26% of the expanded voting share capital. The offer price is set at INR 139 per share. This move is part of a larger transaction involving a preferential issue and aims to give Avenir Investment control and promoter status within Sammaan Capital.

Open Offer for Significant Stake

Avenir Investment RSC Ltd (Acquirer), along with IHC Capital Holding LLC (PAC), has announced an open offer to acquire up to 34,17,54,286 fully paid-up equity shares of Sammaan Capital Limited. This represents 26% of the expanded voting share capital of the company.

Offer Details

The offer price is set at INR 139 per equity share. The total consideration for the open offer, assuming full acceptance, is approximately INR 47,50,38,45,754. The Acquirer has confirmed sufficient means and arrangements to fulfill its obligations under the open offer.

Background and Rationale

The open offer is triggered by a share subscription agreement (SSA) where Sammaan Capital will issue shares and warrants to Avenir Investment through a preferential issue. This includes:

  • 33,00,00,111 Equity Shares at INR 139 per share.
  • 8,68,92,966 warrants (Tranche I) exercisable within 26 weeks of the offer period closure, at INR 139 per warrant.
  • 21,97,97,569 warrants (Tranche II) exercisable within 18 months from the date of warrant allotment, at INR 139 per warrant.

Avenir Investment intends to acquire and exercise control over Sammaan Capital and become a ‘promoter’ of the company, subject to the terms of the SSA.

Shareholding Details

As of the announcement date, neither the Acquirer nor the PAC hold any shares in Sammaan Capital. Post open offer (assuming full acceptance), Avenir Investment’s shareholding is expected to reach 57.72% of the expanded voting share capital.

Key Financials of Target Company

Key consolidated financials of Sammaan Capital:

  • FY ending March 31, 2025: Total Revenue – INR 8,683.25 crores, Net Loss – INR 1,807.46 crores.
  • For the three-month period ended June 30, 2025: Total Revenue – INR 2,409.43 crores, Net Income – INR 334.30 crores.

Offer Schedule

The tendering period for the open offer is scheduled to commence on November 27, 2025, and close on December 10, 2025.

Source: BSE

HFCL Limited Board Meeting to Approve Q2 Financial Results

HFCL Limited has announced that a meeting of the Board of Directors is scheduled for October 17, 2025, to consider and approve the Un-audited Financial Results for the 2nd Quarter (Jul-Sep) and Half Year ended September 30, 2025, of the Financial Year 2025-26. The Trading Window, previously closed on September 30, 2025, will re-open on October 20, 2025.

Board Meeting Announcement

A meeting of the Board of Directors of HFCL Limited is scheduled to be held on Friday, October 17, 2025. The primary purpose of the meeting is to review and approve the unaudited financial results.

Financial Results Focus

The board will specifically address the following financial outcomes:

  • The Un-audited Financial Results of the Company for the 2nd Quarter (Jul-Sep) of fiscal year 2025-26
  • Financial performance for the Half Year ended September 30, 2025.
  • Both Standalone and Consolidated basis.

Trading Window Update

As previously announced on September 29, 2025, the Trading Window, in accordance with insider trading regulations, was closed effective September 30, 2025. It will re-open for trading on October 20, 2025.

Source: BSE

Sun TV Network Compliance Certificate for Quarter Ended September 30, 2025

Sun TV Network has received the compliance certificate under Regulation 74(5) for the quarter ended September 30, 2025, from its Registrar and Share Transfer Agent, KFin Technologies Limited. This certificate confirms adherence to SEBI regulations regarding depositories and participants. The company has furnished this information to the stock exchanges.

Compliance Certificate Received

Sun TV Network confirms it has received the compliance certificate under Regulation 74(5) for Q2 (July-September) of the financial year 2025. This certificate, issued by KFin Technologies Limited, the Registrar and Share Transfer Agent, pertains to the SEBI regulations concerning depositories and participants.

Details of Compliance

The certificate confirms that all details of securities dematerialized/rematerialized during the quarter ended September 30, 2025, have been duly furnished to all stock exchanges where Sun TV Network’s shares are listed.

Source: BSE