Lodha Developers has announced the appointment of Anubhav Gupta as Regional CEO – Retail, effective September 30, 2025. The decision was based on the recommendation of the Nomination and Remuneration Committee. Mr. Gupta brings over 25 years of experience in design and P&L roles. His prior experience includes positions at DLF Ltd and Godrej Properties.

Leadership Change

Anubhav Gupta has been appointed as the Regional CEO – Retail at Lodha Developers, effective September 30, 2025. This appointment follows the approval of the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee.

About Anubhav Gupta

Mr. Gupta, aged 48, brings more than 25 years of experience in design and P&L management. He holds degrees from GGSIP University, MIT (USA), and is a Doctoral Scholar from the University of Cambridge, UK. Prior to joining Lodha, Mr. Gupta served as Chief Operating Officer, Head of Business DLF 5 at DLF Ltd and held key positions at Godrej Properties, RMJM (Hongkong), and RTKL Associates (UK).

Source: BSE

Anoop Singh, Executive Director of Powergrid, has ceased to be an ED, effective September 30, 2025, upon attaining the age of superannuation. This change impacts the senior management personnel structure, placing it one level below the Board of Directors. This announcement follows standard regulatory disclosure norms.

Senior Management Change

Anoop Singh, previously the Executive Director (ED) of Powergrid, concluded his tenure on September 30, 2025, following his superannuation.

Details of Cessation

The cessation is due to superannuation. The effective date of this change is September 30, 2025.

Source: BSE

Ashish Saraf, Chief Financial Officer (CFO) of SKF India Limited, has resigned from his position. The resignation, tendered on September 30, 2025, is attributed to the company’s restructuring efforts related to an upcoming demerger. Saraf’s departure is effective from the close of business hours on the same day, marking a significant change in the company’s management team.

CFO Departure Announced

SKF India Limited has announced the resignation of its Chief Financial Officer (CFO), Mr. Ashish Saraf, effective September 30, 2025. The announcement was made following a Board of Directors meeting held on the same day.

Reason for Resignation

The resignation of Mr. Saraf is due to restructuring within the company’s management team. This restructuring is directly related to the planned demerger of the company. The company has stated that there are no other material reasons for his departure.

Effective Date

Mr. Saraf’s resignation is effective from the close of business hours on September 30, 2025. The company has acknowledged his contributions and is proceeding with necessary formalities related to his departure.

Source: BSE

DLF Cyber City Developers Limited (DCCDL), a subsidiary of DLF Limited, has approved the allotment of 1,10,000 senior, rated, listed, secured, redeemable, transferable, rupee-denominated Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. The total aggregate principal amount is ₹1,100 crore, with a coupon rate of 6.91% p.a., payable quarterly, on a private placement basis to eligible investors.

NCD Allotment Details

The Securities Allotment Committee of the Board of Directors of DLF Cyber City Developers Limited (DCCDL) has approved the allotment of 1,10,000 senior, rated, listed, secured, redeemable, transferable, rupee-denominated Non-Convertible Debentures (NCDs).

Financial Implications

The face value of each NCD is ₹1,00,000. The coupon rate is fixed at 6.91% p.a., payable quarterly. The aggregate principal amount of the allotment totals ₹1,100 crore (Rupees One Thousand One Hundred Crore only). This allotment was conducted via private placement to eligible investors.

Date of Allotment

The intimation from DCCDL regarding this allotment was received on 30th September 2025 at 13.05 Hrs.

Source: BSE

RITES Limited has signed a Memorandum of Understanding (MoU) with Etihad Rail and its subsidiary, National Infrastructure Construction Company (NICC), to enhance business collaboration in the mobility sector. This partnership aims to leverage RITES’ expertise with NICC’s execution capabilities, shaping infrastructure projects in the UAE and beyond. The MoU strengthens RITES’ international presence and aligns with its ethos of shaping lives.

Strategic Partnership Overview

RITES Limited has formalized a Memorandum of Understanding (MoU) with Etihad Rail to foster business collaboration. The agreement includes collaboration with Etihad Rail’s subsidiary, National Infrastructure Construction Company (NICC), a UAE-based infrastructure construction firm.

Objectives of the Collaboration

The partnership seeks to leverage the strengths of both entities to expand their footprint in the mobility sector within the UAE and other regions. The primary aim is to combine RITES’ expertise in transport infrastructure consultancy and engineering with NICC’s capabilities in infrastructure construction.

Key Figures Involved

The MoU was signed by H.E. Shadi Malak, CEO of Etihad Rail, and Mr. Rahul Mithal, Chairman and Managing Director of RITES Ltd. The signing occurred in the presence of dignitaries including His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan and H.E. Sunjay Sudhir, Ambassador of India to the UAE, during the Global Rail Transport Infrastructure Exhibition & Conference in Abu Dhabi.

Expected Synergies

The partnership is expected to create synergies by combining RITES’ five decades of expertise in consultancy, transport infrastructure, and engineering solutions with NICC’s execution capabilities. This will enable both companies to jointly shape infrastructure projects in the region.

Strategic Impact

This MoU is part of RITES’ strategic initiative ‘RITES Videsh’, aimed at strengthening its international footprint. The collaboration underscores the company’s commitment to shaping infrastructure and improving lives.

Source: BSE

Central Bank of India has announced the appointment of Shri Kalyan Kumar as the new Managing Director & Chief Executive Officer, effective September 30, 2025. His term will last for three years or until further notice. Kumar brings extensive experience from Union Bank of India and Punjab National Bank, enhancing CBI’s leadership team.

Leadership Change at Central Bank of India

Shri Kalyan Kumar has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of Central Bank of India (CBI). The appointment, effective September 30, 2025, is for a period of three years or until further orders, whichever is earlier.

About Shri Kalyan Kumar

Shri Kalyan Kumar is a Post Graduate in science from Rajendra Prasad Agriculture University, Pusa. He is also a Certified Associate Member of Indian Institute of Bankers (CAIIB) and holds certifications in Trade Finance, SME Finance, IT Security and KYC-AML.

Extensive Banking Experience

Prior to joining Central Bank of India, Shri Kalyan Kumar served as an Executive Director of Punjab National Bank and as Chairman on the Board of its two subsidiaries. He previously worked at Union Bank of India for over 26 years, holding various positions including Branch Head and Principal of the Staff Training College. His experience includes Business Process Transformation, Credit Review & Monitoring, and Vigilance. He also played a role in the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India.

Source: BSE

SKF India has appointed Ms. Mayuri Kulkarni as the new Company Secretary & Compliance Officer, effective October 1, 2025. This decision follows the resignation of Mr. Ranjan Kumar due to restructuring within the company as part of a demerger. Ms. Kulkarni brings over 13 years of experience in corporate secretarial and compliance roles.

New Leadership in Compliance

SKF India has announced the appointment of Ms. Mayuri Kulkarni as the new Company Secretary & Compliance Officer, effective October 1, 2025. This change is a result of a restructuring process connected with a demerger.

Transition Details

Ms. Kulkarni’s appointment comes after Mr. Ranjan Kumar’s resignation, who previously held the position. The decision was made based on the recommendation of the Nomination and Remuneration Committee and approved by the Board of Directors on September 30, 2025.

Mayuri Kulkarni’s Background

Ms. Kulkarni is a member of the Institute of Company Secretaries of India and holds a Commerce Degree from Mumbai University. She brings more than 13 years of experience in corporate secretarial work, statutory compliance, and legal/regulatory matters. She has previously worked with companies such as Greenmint Power Private Limited and Precision Camshafts Limited and has been associated with SKF India for the past 3 years.

No Conflicts of Interest

SKF India has confirmed that Ms. Mayuri Kulkarni is not related to any of the Directors, Key Managerial Personnel, or Promoters of the Company.

Source: BSE

POWERGRID has been declared the successful bidder for an Interstate Transmission System project. The project aims to strengthen the grid between the Southern and Western regions of India. The Letter of Intent was received on September 29, 2025. The project involves building, owning, operating, and transferring (BOOT) the transmission system. It includes 765 kV D/c transmission lines across Karnataka & Maharashtra.

Successful Bid Announcement

POWERGRID has been announced as the successful bidder for an interstate transmission system project. This project will be developed under a Tariff Based Competitive Bidding (TBCB) model. The announcement was made on September 30, 2025.

Project Overview

The project involves strengthening the inter-regional grid connection between the Southern Region (SR Grid) and the Western Region (WR Grid). The project will be executed on a Build, Own, Operate and Transfer (BOOT) basis, with the Letter of Intent (LoI) received by POWERGRID on September 29, 2025.

Project Scope

The scope of the project includes 765 kV D/c Transmission Lines traversing through the states of Karnataka and Maharashtra, along with associated line bays at both ends. This infrastructure development will enhance power transmission capacity and grid stability in the region.

Source: BSE

Central Bank of India announces the retirement of Executive Director, Shri Vivek Wahi, effective close of working hours on September 30, 2025. Shri Wahi is retiring upon attaining superannuation. This change impacts the composition of the bank’s Board of Directors. The bank has officially communicated this update to stakeholders and regulatory bodies. The announcement was made on September 30, 2025.

Executive Director Retirement

Shri Vivek Wahi, an Executive Director at Central Bank of India, has retired from his position, effective the end of working hours on September 30, 2025. His departure marks a change in the bank’s leadership structure.

Details of the Transition

Shri Wahi’s retirement is due to attaining superannuation. The bank has formally announced this change to ensure transparency and keep stakeholders informed about the adjustments within its Board of Directors. The effective date of the retirement is September 30, 2025.

Source: BSE

Piramal Pharma Limited announced a change in the generic email address for their Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited. The new email address, [email protected], will be effective from October 1, 2025. The previous email address, [email protected], will no longer be in use. This change impacts email communication for investors.

Email Update for Investors

Piramal Pharma Limited has updated the generic email address used for investor communications related to the Registrar and Share Transfer Agent (RTA). This change affects how investors can reach MUFG Intime India Private Limited, the company’s RTA, via email.

Details of the Change

The new generic email address for investors is [email protected]. This email will be effective from October 1, 2025. The old email address, [email protected], will be discontinued from this date.

Previous Communications

This change follows earlier intimations dated 2nd January, 2025, and 18th February, 2025, regarding the email update for the Company on change of its Generic e-mail address.

Source: BSE