Home Blog Page 484

Whirlpool Senior Management Changes Announced

Whirlpool of India has announced changes to its senior management team. Mr. Sarabjeet Singh has resigned as Factory Head, effective October 8, 2025. Mr. Rohit Khera will transition to the Factory Head-Faridabad position, and Mr. Umesh Kumar will take over as Quality Head, both effective October 9, 2025.

Leadership Transition

Mr. Sarabjeet Singh, Factory Head- Faridabad, has resigned from Whirlpool, effective October 8, 2025, to pursue other opportunities. The Board of Directors approved subsequent management changes.

New Appointments

Effective October 9, 2025:

  • Mr. Rohit Khera, previously Quality Head, will transition to the role of Factory Head-Faridabad.
  • Mr. Umesh Kumar, previously Senior Manager-Quality Assurance, will become the Quality Head.

Profiles of New Appointees

Mr. Rohit Khera joined Whirlpool in 2012 and has over 22 years of experience in quality assurance. He previously worked with companies like New Holland Fiat India Pvt Ltd and Chrysler Automotive India, among others.

Mr. Umesh Kumar joined Whirlpool in 2004. He has around 35 years of experience and previously worked with Donglim Precision (India) Pvt Ltd, & Eicher Tractors Ltd.

Source: BSE

Prestige Estates H1 FY26 Sales Exceed Full-Year FY25, Up 157% YoY

Prestige Estates Projects Limited announced record-breaking sales of ₹1,81,437 million in H1 FY26, a 157% year-on-year increase, surpassing its full-year FY25 sales. Q2 FY26 sales reached ₹60,173 million, up 50% year-on-year, driven by strong demand across markets. Collections for Q2 stood at ₹42,128 million, bringing H1 collections to ₹87,356 million, up 55% year-on-year.

Exceptional Sales Performance

Prestige Estates Projects Limited reported record sales of ₹1,81,437 million for the first half of FY26, exceeding its full-year FY25 sales figures. This remarkable growth represents a 157% increase compared to the same period last year.

Q2 FY26 Financial Highlights

The company achieved sales of ₹60,173 million during Q2 FY26, a 50% year-on-year increase. Sales volume reached 4.42 million square feet, translating to 2,069 units sold. The average realization for apartments increased to ₹14,906 per square foot, while plots saw an increase to ₹9,510 per square foot.

H1 FY26 Sales Volumes and Realization

For the first half of FY26, sales volumes aggregated 13.96 million square feet, representing 6,788 units sold. The average realization for apartments stood at ₹13,769 per square foot, and plots averaged ₹8,425 per square foot.

Strong Collections

Collections remained robust at ₹42,128 million during Q2 FY26, marking a 54% year-on-year increase. H1 FY26 collections reached ₹87,356 million, up 55% from the previous year.

Sales Distribution by Region

Sales performance remained balanced across key markets:

  • Bengaluru: 40% of Q2 FY26 sales mix, 27% of H1 FY26 sales mix
  • NCR: 18% of Q2 FY26 sales mix, 45% of H1 FY26 sales mix
  • Mumbai: 22% of Q2 FY26 sales mix, 16% of H1 FY26 sales mix
  • Hyderabad: 11% of Q2 FY26 sales mix, 7% of H1 FY26 sales mix
  • Chennai: 7% of Q2 FY26 sales mix, 4% of H1 FY26 sales mix
  • Others: 2% of Q2 FY26 sales mix, 1% of H1 FY26 sales mix

Launches and Completions Update

The company launched 3.87 million square feet of developable area in Q2 FY26, with a gross development value (GDV) of ₹39,669 million. This brings the total launches for H1 FY26 to 18.81 million square feet, with a GDV of ₹1,75,922 million. Total completions for H1 FY26 reached 7.99 million sq ft.

Office Segment Performance

Gross leasing during Q2 FY26 stood at 2.3 million square feet. The portfolio occupancy remained high at 93.42%, with FY26 exit rentals projected at ₹8,199 million.

Retail Segment Overview

Gross turnover for the retail segment in Q2 FY26 was ₹6,236 million, a 9% year-on-year increase. Footfalls across the retail portfolio reached 4.8 million during the quarter. Portfolio occupancy remained high at 99%, and FY26 exit rentals are estimated at ₹2,717 million.

Source: BSE

Jubilant Ingrevia Certificate under Depositories and Participants Regulations

Jubilant Ingrevia has received a confirmation certificate for the quarter ended September 30, 2025, from Alankit Assignments Limited, the Registrar and Share Transfer Agent. This certificate pertains to compliance with the SEBI (Depositories and Participants) Regulations, 2018, ensuring proper handling of securities dematerialization. The company has requested that this information be taken on record.

Compliance Confirmation

Jubilant Ingrevia has received confirmation regarding compliance with depositories regulations. The certificate, provided by Alankit Assignments Limited, covers the period ending September 30, 2025.

Details of the Certificate

The confirmation specifically addresses requirements outlined in the SEBI (Depositories and Participants) Regulations, 2018. The certificate confirms the dematerialization of securities (Equity Shares) of Jubilant Ingrevia Limited and verifies that the securities comprised in the said certificate(s) have been listed on the Stock Exchanges.

Furthermore, after due verification, the original certificates have been mutilated and canceled, and the name of the depository has been substituted in the record as the registered owner.

Source: BSE

IRB Infrastructure Board Approves Investment in IRB InvIT Fund

IRB Infrastructure Developers Ltd. has announced that its Board of Directors approved an investment in units of IRB InvIT Fund, a SEBI-registered Infrastructure Investment Trust. The investment, amounting to ₹753.48 crore, will be made through a preferential issue. This decision aims to support IRB InvIT Fund’s undertakings and represents a strategic financial move for the company.

Investment Approval in IRB InvIT Fund

The Board of Directors of IRB Infrastructure Developers Ltd. has given the green light to invest in units of IRB InvIT Fund. This decision was made during a board meeting held on October 8, 2025.

Financial Details of the Investment

The company will invest up to ₹753,48,00,250 (Indian rupees seven hundred and fifty-three crore forty-eight lakh two hundred fifty) in IRB InvIT Fund. This investment will be facilitated through a subscription in a preferential issue to be undertaken by IRB InvIT Fund.

Details of IRB InvIT Fund

IRB InvIT Fund is a trust registered under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. As of FY 24-25, it reported a turnover of ₹1,110.24 crore (consolidated), a PAT of ₹355.84 crore (consolidated), and a net worth of ₹3,806.88 crore (consolidated).

Purpose of the Investment

The investment is intended to enable the Trust to raise funds for the acquisition of three project SPVs from IRB Infrastructure Trust. The proposed transaction is subject to necessary governmental and regulatory approvals. It allows the IRB InvIT Fund to acquire three project SPVs from IRB Infrastructure Trust. The Trust has a portfolio that includes six operational road assets.

Turnover of the Trust (Consolidated)

  • FY 2024-25: ₹1,110.24 crore
  • FY 2023-24: ₹1,085.90 crore
  • FY 2022-23: ₹1,461.83 crore

Source: BSE

Emcure Pharmaceuticals Credit Ratings Upgraded by CARE Ratings

CARE Ratings Limited has upgraded Emcure Pharmaceuticals’ long-term bank facilities rating to CARE AA; Stable from CARE AA-; Stable. The agency also reaffirmed the short-term bank facilities rating at CARE A1+. This upgrade reflects Emcure’s sustained operational and financial improvements, driven by revenue growth to ₹7,902 crore in FY25 and a consistent PBILDT margin.

Credit Rating Upgrade Details

CARE Ratings Limited has upgraded the credit ratings for Emcure Pharmaceuticals’ bank facilities, citing a sustained improvement in the company’s operational and financial risk profile. The long-term bank facilities have been upgraded to CARE AA; Stable from CARE AA-; Stable. The short-term bank facilities rating is reaffirmed at CARE A1+.

Financial Performance Highlights

Emcure reported robust growth in FY25, with total revenue increasing to ₹7,902 crore, representing over 18% growth compared to the previous year. This growth was supported by a mix of portfolio expansion, strategic partnerships, and therapeutic diversification. The PBILDT margin remained steady at 18.7% and increased to 20% in Q1FY26.

Debt Reduction and Capital Structure

In FY25, the company repaid a substantial portion of its debt using proceeds from its initial public offering (IPO) in July 2024. This action further improved Emcure’s capital structure and enhanced return metrics.

Minimal Impact from US Tariff Announcement

CARE Ratings notes that the recent United States (US) government’s announcement imposing a 100% tariff on branded and patented pharmaceutical imports, effective October 1, 2025, will have minimal impact on Emcure due to the company’s limited exposure to the US market.

Acquisition of Zuventus Healthcare Stake

Emcure recently announced its proposed acquisition of a 20.42% stake in Zuventus Healthcare Limited (Zuventus), expected to strengthen Emcure’s domestic footprint in acute and chronic therapy segments.

Factors Supporting Ratings

The ratings continue to be supported by Emcure’s healthy business risk profile, geographically diversified revenue base, leadership position across key therapeutic segments, accredited manufacturing facilities, and experienced management team. Key sensitivities include:

  • Significant growth in total operating income (TOI) and improvement in PBILDT margin above 22%.
  • Improvement in financial risk profile with net debt to PBILDT below 0.50x.

Source: BSE

PNB Certificate of RTA Compliance Under SEBI Regulations

Punjab National Bank (PNB) has received a certificate confirming compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by the Registrar and Share Transfer Agent (RTA) for the quarter ended September 30, 2025. This confirms that PNB has properly handled dematerialization requests and maintained accurate records.

RTA Compliance Certificate

PNB has received confirmation of its compliance with regulatory requirements concerning share transfers and depository interactions. A certificate from the Registrar and Share Transfer Agent (RTA) confirms adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ending September 30, 2025.

Details of Compliance

The RTA certificate indicates that PNB has followed appropriate procedures in handling requests for dematerialization of shares. This ensures the integrity of the bank’s shareholding records and compliance with applicable regulations. Confirmation includes proper verification and mutilation of security certificates received for dematerialization. The certificate reinforces that the name of the depositories have been correctly substituted in the register of members as the registered owner.

Source: BSE

Dabur India Confirmation of Certificate Under SEBI Regulations

Dabur India has confirmed compliance with specific SEBI regulations for the quarter ended September 30, 2025. A certificate from KFin Technologies Limited, the Registrar and Transfer Agent, confirms adherence to regulatory requirements regarding depositories and participants. This announcement validates Dabur’s ongoing commitment to regulatory standards and transparent corporate governance practices. The certificate was issued on October 7, 2025.

Certificate of Compliance

Dabur India announced that it has received a certificate pertaining to compliance for the quarter ending September 30, 2025. This certificate, issued by KFin Technologies Limited, confirms adherence to the requirements concerning depositories and participants.

Details of the Confirmation

The certificate confirms that dematerialization requests received during the period from July 1, 2025 to September 30, 2025, were processed within the stipulated 15-day timeframe. Additionally, the certificate verifies that securities comprised in the relevant certificates are listed on stock exchanges, and that the certificates were duly mutilated and cancelled after verification. It also confirms that the depositories’ names have been substituted in the register of members, as applicable.

Source: BSE

PVR INOX Launches India’s First Luxury Dine-In Cinema in Bengaluru

PVR INOX has launched India’s first luxury dine-in cinema at its M5 ECity Mall multiplex in Bengaluru, Karnataka. This cinema offers chef-curated gourmet dining within the auditorium, transforming the movie-going experience into a lifestyle destination. The dine-in concept features curated in-house F&B brands, providing guests with a complete evening of entertainment, food, and comfort.

India’s First Dine-In Cinema

PVR INOX has launched India’s first luxury dine-in cinema at its recently opened multiplex in M5 ECity Mall, Bengaluru, Karnataka. This marks a significant milestone for the company and introduces a concept where blockbuster films meet chef-curated gourmet dining within the auditorium itself.

Culinary Experience

The dine-in concept at M5 ECity Mall aims to provide a complete evening of entertainment, food, and comfort. Guests can choose from a range of curated in-house F&B brands, including:

  • Crosta: Artisanal pizzas and baked delights.
  • Cine Café: Coffees, teas, and bite-sized treats in a café-style environment.
  • Dine-In: In-seat gourmet meals.
  • Steamestry: Healthy, light, and flavourful steamed delicacies.
  • Wokstar: Quick, stir-fried Asian comfort food.
  • In-Between: Wraps, burgers, sandwiches, and bowls.
  • Frytopia: Indulgent fried foods.
  • Dogfather: Creative, flavour-loaded hot dogs.
  • Local Street: Regional flavors.

A Social and Lifestyle Experience

The space encourages a social and lifestyle experience with lounge-style foyers and café seating. In-seat dining ensures that premium meals can be enjoyed without missing a moment of the movie.

Youthification Concept

This property embodies Youthification, PVR INOX’s future-ready approach for young, digital-first audiences, bringing together gaming zones, kids-first formats, lounge-style foyers, and curated food experiences.

State-of-the-Art Technology

The multiplex is equipped with state-of-the-art cinema technology, including Dolby Atmos, DTS:X, Dolby 7.1 surround sound, and 4K Laser projection. The Big Pix auditorium features a large 4K Laser projection system integrated with RealD 3D, and the Samsung ONYX LED screen further enhances the Dine-In experience.

Expansion and Reach

This launch marks PVR INOX’s 580th screen in South India and adds to its total of 1,757 screens across 353 properties in India and Sri Lanka. This dine-in cinema redefines the movie-going experience.

Source: BSE

Signature Global Updates Registrar & Share Transfer Agent (RTA) Details

Signature Global has announced an update regarding the Registrar and Share Transfer Agent (RTA). Effective January 1, 2025, MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) is the updated RTA. This announcement includes changes to the RTA’s name and email ID for investor communications, ensuring shareholders have the most current contact information for inquiries and requests.

Updated RTA Information

Signature Global has revised details concerning its Registrar and Share Transfer Agent (RTA) to ensure updated information for investors.

Key Changes

Effective January 1, 2025, the RTA has been updated, and its details are as follows:

The email ID for investor communications has been changed to [email protected].

This information is available on the company’s website at www.signatureglobal.in.

Source: BSE

IRCON International Signs MOU with Coal India for Rail Infrastructure Development

IRCON International Limited has signed a non-binding Memorandum of Understanding (MoU) with Coal India Limited on October 8, 2025, in Kolkata. The MoU signifies the intent to collaborate on the development of rail infrastructure projects for Coal India Limited and its subsidiaries. This collaboration aims to improve the transportation and logistics of coal, enhancing efficiency and supporting future growth in the sector.

Partnership for Rail Infrastructure

IRCON International and Coal India Limited have entered into a strategic partnership by signing a Memorandum of Understanding (MoU). The agreement was finalized on October 8, 2025, in Kolkata. The primary focus of this collaboration is to develop rail infrastructure.

Focus and Objectives

The core objective of the MoU is to facilitate the development of Rail Infrastructure for Coal India Limited and its subsidiaries. The intention is to enhance logistical capabilities and improve the overall efficiency of coal transportation. This initiative is expected to significantly contribute to the infrastructure supporting Coal India’s operations.

Source: BSE