IDFC FIRST Bank has announced the conversion of compulsorily convertible cumulative preference shares (CCPS) held by Currant Sea Investments B.V. (“Investor”) into equity shares. The bank’s board approved the allotment of 81,26,94,722 equity shares, with a face value of ₹10 each, following the conversion. The board has also approved a dividend payment of ₹72,67,49,472 on the CCPS.

CCPS Conversion Details

IDFC FIRST Bank has completed the conversion of its compulsorily convertible cumulative preference shares (CCPS) into equity shares, held by Currant Sea Investments B.V. (“Investor”). This decision follows the terms of an Investment Agreement dated April 17, 2025, between the Bank and the Investor.

Equity Allotment Approved

On October 8, 2025, the Board of Directors approved the allotment of 81,26,94,722 equity shares, each with a face value of ₹10, to the Investor. This allotment results from the conversion of an equivalent number of CCPS previously held by the Investor. The bank has converted CCPS at the earliest available opportunity as allowed by the Investment Agreement.

Dividend on CCPS

In line with the Investment Agreement, the Board has approved the payment of a dividend on the CCPS at a rate of 8%. This amounts to ₹72,67,49,472, calculated on a proportionate basis from the allotment date up to the conversion date of the CCPS.

Impact on Share Capital

Following the allotment, the Bank’s paid-up equity share capital has increased to ₹81,51,95,66,830, divided into 8,15,19,56,683 equity shares, each with a value of ₹10.

Meeting Conclusion

The board meeting regarding this conversion commenced at 09:45 am and concluded at 10:25 am on October 8, 2025.

Investor Shareholding

Following the conversion, Currant Sea Investments B.V. holds 81,26,94,722 equity shares, representing 9.97% of the post-conversion equity capital.

Source: BSE

Crisil has assigned ‘Crisil ESG 55’ rating under Adequate category to Black Box for FY2024-25. This rating reflects Crisil’s independent assessment based on data pertaining to FY2024-25. Black Box has not engaged Crisil for this ESG rating.

Crisil ESG Rating for FY2024-25

Crisil Ratings & Analytics Limited, a SEBI registered Category-1 ESG Ratings Provider, has assigned an ESG rating of ‘Crisil ESG 55’ to Black Box. The rating falls under the Adequate category for the company pertaining to FY2024-25.

Independent Assessment

The ‘Crisil ESG 55’ rating has been independently issued by Crisil based on publicly available information and data related to FY2024-25. Black Box has clarified that they did not engage Crisil for this particular ESG rating.

Rating Access

Further details regarding the rating can be found at the following link: https://www.crisilesg.com/en/home/esg-ratings.html

Source: BSE

Ola Electric Mobility Limited announces that its material subsidiary, Ola Electric Technologies Private Limited (OET), has allotted ₹400 Crore worth of Non-cumulative and Non-participating 0.001% Series A Optionally Convertible Redeemable Preference Shares (OCRPS) to Ola Cell Technologies Private Limited (OCT). This allotment was approved by OET’s Board on October 7, 2025, and represents the first tranche of a larger issuance.

Subsidiary Share Issuance

Ola Electric Technologies Private Limited (OET), a material wholly owned subsidiary of Ola Electric Mobility Limited, has approved the allotment of Non-cumulative and Non-participating 0.001% Series A Optionally Convertible Redeemable Preference Shares (OCRPS) to Ola Cell Technologies Private Limited (OCT). The initial allotment, approved on October 7, 2025, involves 40,00,00,000 (Forty Crores) OCRPS.

Financial Details

The OCRPS have a nominal value of INR 10/- each, with the total consideration for this first tranche amounting to ₹400,00,00,000 (Rupees Four Hundred Crores only). This issuance is being conducted on a preferential basis through private placement.

Future Tranches

The announcement indicates that this is the initial tranche of a larger planned issuance. Details regarding subsequent tranches will be disclosed as funds are infused and further allotments are made by OET.

Source: BSE

KPIT Technologies, through its subsidiary KPIT Technologies (UK) Limited, has increased its stake in N-Dream AG to 88.9%. This was achieved through the acquisition of an additional stake of 62.9% for a consideration of EURO 16.35 million. As a result, N-Dream has become a step-down subsidiary of KPIT. The initial investment was made on November 9, 2023, followed by another on July 24, 2024 and on August 8, 2025.

Strategic Investment in N-Dream AG

KPIT Technologies has significantly increased its investment in N-Dream AG, a Cloud-based Game Aggregation Platform company located in Switzerland. The company now holds an 88.9% stake in N-Dream, solidifying its position in the innovative software and technology space.

Details of the Transaction

The increased stake was acquired through KPIT’s wholly-owned subsidiary, KPIT Technologies (UK) Limited. They acquired an additional 62.9% stake, bringing the total investment to EURO 16.35 million. With this acquisition, N-Dream has become a step-down subsidiary of KPIT Technologies.

Strategic Rationale

This strategic investment aligns with KPIT’s roadmap to enhance the automotive experience. N-Dream’s platform allows KPIT to offer integrated software solutions, enhancing the driver and passenger experience in the cockpit of the future. KPIT will offer complementary software integration and validation services to N-Dream’s Automotive clients.

Collaboration and Future Offerings

KPIT and N-Dream will collaborate to deliver value-added data products for automotive OEMs. This collaboration aims to create additional monetizable experiences and features, creating value for clients.

Source: BSE

Ola Electric has announced a change in the email address for its Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited. The new email address for investors is [email protected]. The address and other contact details of the RTA will remain unchanged. This update is effective as of October 7, 2025.

Email Address Update for Investor Communications

Ola Electric has updated the email address for its Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited. This change is effective October 7, 2025. The new email address for investor-related inquiries is:

[email protected]

Existing Contact Information Remains Valid

The company has clarified that while the email address has changed, all other contact details and the physical address for MUFG Intime India Private Limited remain the same. This ensures continuity in communication channels for investors. The RTA continues to manage share transfers and related investor services for Ola Electric.

Source: BSE

CEAT has received a certificate concerning the dematerialization/rematerialization of securities for the quarter ended September 30, 2025. The certificate, issued by NSDL Database Management Limited, confirms compliance with relevant regulations. A total of 4765 shares were dematerialized during the quarter, with 2335 shares with National Securities Depository Ltd (NSDL) and 2430 shares with Central Depository Services (India) Ltd (CDSL). No shares were rematerialized.

Compliance Certificate Received

CEAT has received a certificate from NSDL Database Management Limited concerning the handling of share dematerialization and rematerialization for Q2 (July-September) 2025. This certificate confirms the company’s adherence to established protocols and regulations regarding the management of physical and electronic securities.

Details of Dematerialization

During the quarter ending September 30, 2025, a total of 4765 equity shares were dematerialized. The breakdown of dematerialization activity across the depositories is as follows:

• National Securities Depository Ltd (NSDL): 2335 shares
• Central Depository Services (India) Ltd (CDSL): 2430 shares

There were no shares rematerialized during this period.

Confirmation of Records

The physical share certificates related to the dematerialized securities have been duly listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The records have been updated to reflect the change in ownership, with the respective depositories now listed as the registered owners.

Source: BSE

BSE has waived fines imposed on PowerGrid for non-compliance with certain regulations of SEBI (Listing Obligations and Disclosure Requirements) for the quarters ended December 31, 2024, March 31, 2025, and June 30, 2025. These fines related to regulations concerning the Board’s quorum, composition of committees, and independent directors.

Waiver of Fines

PowerGrid has received communication from BSE stating that the fines imposed for non-compliance with certain regulations under SEBI (Listing Obligations and Disclosure Requirements) have been waived. This follows PowerGrid’s request for a waiver, citing issues with the composition of committees. The matter had been regularly pursued with both NSE and BSE.

Regulations for Which Fines Were Waived

The fines waived by BSE pertain to non-compliance with the following regulations for the specified quarters:

• Regulation 17(2A) – Quorum of the Board Meeting (for quarters ended December 31, 2024, and March 31, 2025)
• Regulation 18(1) – Audit Committee (for quarters ended December 31, 2024, March 31, 2025, and June 30, 2025)
• Regulation 19(1)/19(2) – Nomination and Remuneration Committee (for quarters ended December 31, 2024, March 31, 2025, and June 30, 2025)
• Regulation 20(2) – Stakeholders Relationship Committee (for quarters ended December 31, 2024, March 31, 2025, and June 30, 2025)
• Regulation 21(2) – Risk Management Committee (for quarters ended December 31, 2024, March 31, 2025, and June 30, 2025)

Previous Non-Compliance

Earlier communications indicated PowerGrid’s difficulty in meeting the requirements of Independent Directors, contributing to the initial non-compliance during Q3 2024-25 and Q4 2024-25. This situation arose because the power to appoint Independent Directors rests with the President of India. However, fines relating to quarter ended June 30, 2025 for Regulation 17(2A) of SEBI LODR were not levied.

Previously NSE had also waived off fines for aforesaid regulations and respective quarters vide its letter dated September 12, 2025.

Source: BSE

Anant Raj Limited has approved the opening of its Qualified Institutions Placement (QIP) issue on October 7, 2025. The floor price for the issue is set at ₹695.83 per equity share. The company may offer a discount of no more than 5% on the floor price, and the issue price will be determined in consultation with the book-running lead managers.

QIP Issue Launch

Anant Raj Limited announced the approval for launching its Qualified Institutions Placement (QIP) issue, effective October 7, 2025. This decision followed a meeting by the Finance and Investment Committee of the Board. Shareholders previously approved the QIP through a special resolution on December 3, 2024.

Pricing and Discount

The floor price for the QIP issue has been set at ₹695.83 per equity share. Anant Raj Limited retains the discretion to offer a discount of up to 5% on this floor price. The final issue price will be determined in consultation with the appointed book running lead managers.

Trading Window Closure

In compliance with the Company’s Prevention of Insider Trading Code, the trading window for company securities remains closed. This closure began on October 1, 2025, and will extend 48 hours after the declaration of unaudited financial results for the six months ended June 30, 2025. This restriction applies to all Designated Persons as defined within the Code.

Source: BSE