PNC Infratech successfully held its 26th Annual General Meeting (AGM) on September 29, 2025, via video conferencing. Shareholders approved key resolutions, including the adoption of financial statements, dividend declaration, and director appointments. The meeting also ratified the remuneration of the cost auditor and appointed a secretarial auditor. Remote e-voting was available before and during the meeting.

AGM Highlights

PNC Infratech convened its 26th Annual General Meeting (AGM) on September 29, 2025, accessible via video conferencing. Key items on the agenda were successfully transacted, reflecting shareholder approval on several critical business matters.

Financial Resolutions

The AGM saw the approval and adoption of both standalone and consolidated financial statements for the fiscal year ending March 31, 2025. Furthermore, shareholders ratified the declaration of dividend on equity shares for the same financial year, reinforcing investor confidence in the company’s performance.

Director Appointments

The shareholders approved the re-appointment of Mr. Chakresh Kumar Jain as Managing Director, who retired by rotation. Also, Mr. Talluri Raghupati Rao was re-appointed as Whole Time Director, highlighting the company’s commitment to retaining experienced leadership.

Auditor Ratification

The remuneration payable to M/S. Gaurav Jain & Associates, Cost Accountants and Cost Auditors of the company, was ratified. In addition, M/S. DR Associates, Company Secretaries, were officially appointed as the Secretarial Auditor of the company.

Voting and Conclusion

Remote e-voting was facilitated before and during the AGM, allowing shareholders to actively participate in the decision-making process. The meeting concluded with a vote of thanks to the shareholders for their continued support and participation.

Secretarial Auditor Appointment Details

M/s. DR Associates, Company Secretaries, were appointed as Secretarial Auditors for a term of 5 years, effective from the financial year 2025-26 until the financial year 2029-30. The appointment was initially approved by the Board on May 30th, 2025, and subsequently ratified by the shareholders at the AGM.

Source: BSE

Tata Motors has released an update regarding the IT security incident at its subsidiary, Jaguar Land Rover (JLR). JLR is progressing with a controlled restart of operations, taking steps to recover and resume manufacturing. The company is informing colleagues, retailers, and suppliers about resuming manufacturing operations soon and collaborating with cybersecurity specialists and the UK government to ensure a safe restart.

Jaguar Land Rover’s Recovery

Jaguar Land Rover (JLR) is implementing a controlled and phased restart of its operations following a recent IT security incident. As operations progressively resume, JLR is taking additional measures to ensure complete recovery and a return to manufacturing its vehicles.

Resuming Manufacturing Operations

JLR is communicating with its employees, retailers, and suppliers to inform them that certain sections of its manufacturing operations are set to resume in the coming days. This step marks a significant phase in the recovery process, signaling a move towards normalcy.

Cybersecurity Measures and Support

JLR is working closely with cybersecurity experts, the UK National Cyber Security Centre (NCSC), and law enforcement agencies to ensure the restart of operations is conducted safely and securely. This collaborative effort underscores the importance of robust cybersecurity measures in safeguarding business operations.

Gratitude for Continued Support

JLR expressed its gratitude to everyone connected with the company for their ongoing patience, understanding, and support during this challenging period. While acknowledging that there is still much work to be done, JLR affirmed that the foundational work for recovery is well underway and committed to providing further updates on progress.

JLR’s Reimagine Strategy

JLR’s Reimagine strategy is focused on delivering a sustainability-rich vision of modern luxury through design. The company is transforming its business to achieve carbon net-zero emissions across its supply chain, products, and operations by 2039.

Electrification Plans

Electrification is central to JLR’s strategic vision. Before the end of the decade, each of its brands will feature a pure electric model, with Jaguar transitioning to being entirely electric. This transition aligns with global trends and consumer demand for electric vehicles.

Global Footprint

JLR maintains a global presence with two design and engineering sites, two vehicle manufacturing facilities, a components and finishing facility, an electric propulsion manufacturing centre, and a battery assembly centre in the UK. It also operates vehicle plants in China (joint venture), Slovakia, India, and Brazil, as well as seven technology hubs worldwide.

Source: BSE

Timken India has announced changes to its Board of Directors. Mr. Avishrant Keshava, Whole-time Director, will cease to be a Director effective September 30, 2025, due to the completion of his tenure. Additionally, Mr. Ajay Sood, Independent Director, will cease to be a Director effective October 1, 2025, also due to the completion of his tenure. These changes are a result of the completion of tenure for both directors.

Director Departures

Timken India Limited has announced upcoming changes to its board of directors. The announcement, dated September 29, 2025, details the cessation of two directors due to completion of their respective tenures.

Details of Changes

Mr. Avishrant Keshava, holding the position of Whole-time Director (DIN: 07292484), will conclude his tenure on September 30, 2025.

Following shortly after, Mr. Ajay Sood, an Independent Director (DIN: 03517303), will also be stepping down on October 1, 2025.

Reason for Change

Both director departures are attributed to the completion of their respective tenures at Timken India. There were no other factors involved in these changes.

Source: BSE

3M India has announced the status of re-lodgement of physical share transfer requests for July and August 2025. As of September 29, 2025, no requests were received, processed, approved, or rejected during this period, under the special window provided by SEBI circular. This is to inform stakeholders about the status of the re-lodgement process.

Update on Physical Share Transfers

3M India has released information regarding the re-lodgement of physical share transfer requests. This announcement pertains to requests made under the special window, as per circular, for July and August 2025.

Key Details of Re-lodgement Status

As of September 29, 2025, the following status applies:

• Requests Received: Nil
• Requests Processed: Nil
• Requests Approved: Nil
• Requests Rejected: Nil

The announcement confirms that there was no activity related to the re-lodgement of physical shares during the specified period. The Registrar and Share Transfer Agent, M/s KFin Technologies Limited, provided the data for this report.

Source: BSE

HCLTech’s new study reveals that while 99% of payment organizations use AI, 91% are concerned about associated risks. The report highlights a paradox: AI’s necessity for balancing user experience and fraud protection is offset by governance and infrastructure deficiencies. Nearly half (49%) lack formal AI policies. The findings call for responsible AI governance and infrastructure modernization in the evolving payment landscape. The study was officially launched today at SIBOS in Frankfurt.

AI Adoption and Concerns

A new HCLTech report indicates widespread AI adoption in the payments industry, with 99% of organizations utilizing AI in payment operations. However, this adoption is overshadowed by significant concerns, as 91% of executives express apprehension about the risks associated with AI. A notable 60% also find current AI fraud detection tools ineffective, creating a trust deficit.

The Autonomous Future and Readiness

While the industry envisions an autonomous future, with over half (52%) of organizations expecting to achieve autonomy within 18–24 months, only 17% are currently operating fully in that mode. This reveals a gap between ambition and preparedness, indicating that many organizations may be overestimating their readiness for AI-driven autonomous payment systems.

Innovation, Modernization, and Customer Expectations

Innovation is prioritized, with over half of executives (52%) implementing transformation strategies and 58% preferring innovative methods over refining legacy systems. However, modernization lags, as only 20% of companies have cloud-native, real-time data systems. This deficiency impacts their ability to fully leverage AI capabilities. Furthermore, 87% of executives fear losing customers if they cannot offer instant payment capabilities, driving urgency for technological advancement.

European Cautiousness

European executives are more cautious, with only 12% expressing confidence in the long-term value of Agentic AI. A significant 57% prefer iterating on established products rather than pursuing completely new solutions. This conservative approach contrasts with other regions and may reflect differing regulatory landscapes or risk appetites.

Key Takeaways

The HCLTech report underscores the critical need for Responsible AI governance, robust infrastructure, and strategic clarity to navigate the evolving payments landscape successfully. Srinivasan Seshadri, Chief Growth Officer and Global Head, Financial Services at HCLTech, emphasized the gap between ambition and readiness. The research highlights that while the payments industry embraces AI, addressing trust, regulatory preparedness, and legacy system constraints is essential for future success.

Source: BSE

KFin Technologies has launched IGNITE, an engagement program designed to empower mutual fund distributors. IGNITE provides structured support, digital tools, and collaborative problem-solving to help distributors scale efficiently. The program aims to transform KFintech’s role from a transaction partner to a strategic ally, redefining relationship management and service delivery in the mutual fund industry. IGNITE seeks to enhance distributor efficiency and build investor trust.

IGNITE: Empowering Mutual Fund Distributors

KFin Technologies Limited has introduced IGNITE, a flagship engagement program aimed at transforming the way mutual fund distributors interact with service platforms. This initiative provides structured support, digital tools, and collaborative problem-solving, enabling distributors to achieve greater efficiency, responsiveness, and trust.

Key Features of IGNITE

The IGNITE program includes several key offerings tailored to meet the evolving needs of modern distributors:

• Dedicated Relationship Managers offering consistent, personalized support.
• Accelerated service turnaround times through improved responsiveness and issue resolution.
• Cutting-edge platforms like IRIS and KFin KRA to simplify operations and drive digital scale.
• Structured feedback channels to align offerings with distributor needs.

Vision and Impact

Sreekanth Nadella, Managing Director & CEO of KFin Technologies, stated that IGNITE reflects the company’s commitment to addressing the challenges faced by distributors and championing their growth. The program aims to foster a partnership mindset, enabling distributors to thrive in a rapidly evolving, digitally-led investment landscape.

Industry Growth and Transformation

The launch of IGNITE comes at a pivotal time for India’s mutual fund industry, which is projected to reach ₹80 lakh crore in AUM by 2030. In line with changing investor expectations, IGNITE equips distributors to meet demands for lower costs, faster digital experiences, personalized offerings, and transparent service.

Broader Market Impact

Beyond immediate efficiency gains, IGNITE is expected to positively impact the broader capital markets ecosystem. By strengthening distributor infrastructure, KFin Technologies aims to advance investor inclusion, deepen market penetration, and contribute to a more transparent and scalable financial system.

Source: BSE

Premier Energies has secured contracts worth USD 19.95 million to supply and install solar power systems in Benin, West Africa. The projects include 750 rooftop solar systems and over 4,400 solar streetlights. This initiative aims to expand access to reliable, sustainable energy in Benin, aligning with the government’s national energy goals. The project is financed through a Line of Credit from EXIM Bank of India and ECOWAS Bank.

Landmark Electrification Project

Premier Energies Limited has been awarded contracts totaling USD 19.95 million for the supply and installation of solar power systems in the Republic of Benin, West Africa. This significant achievement highlights Premier Energies’ expanding global footprint and commitment to sustainable energy solutions.

Project Details and Scope

The project encompasses the installation of 750 rooftop solar systems at various socio-community facilities. These facilities include district police stations, educational institutions, health centers, and border surveillance units. Additionally, the project involves the installation of over 4,400 high-efficiency solar streetlights and 650 solar water heaters.

National Initiative and Collaboration

These projects are part of a national initiative by the Government of Benin to increase access to reliable, sustainable clean energy. The implementation will be a collaborative effort between Premier Energies and the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water, and Mines of Benin.

Financing and Partnerships

The project’s financing is secured through a Line of Credit from the Export-Import Bank of India (EXIM Bank) and the ECOWAS Bank for Investment and Development (EBID), demonstrating strong international support for the initiative.

Leadership Perspective

Chiranjeev Saluja, Managing Director & CEO of Premier Energies, stated that the contract award validates the company’s operational capability and global competitiveness. He emphasized Premier Energies’ commitment to delivering sustainable energy solutions and promoting renewable energy in emerging markets.

Source: BSE

Mastek has successfully implemented Oracle HCM Cloud Applications at Harmony Australasia, a global mining leader. The project, completed in 56 weeks, delivered a unified HR platform covering five legal entities and two business units. It sets a new benchmark for HR transformation in the mining sector and enhances employee experience. This implementation leverages AI for workforce visibility and streamlined processes.

Harmony Australasia’s HR Transformation

Mastek (NSE: MASTEK; BSE: 523704) has announced the successful implementation of Oracle HCM Cloud Applications at Harmony Australasia, a global mining leader in Australasia. This project was completed in just 56 weeks.

Unified HR Platform

The program delivered a unified HR platform that covers five legal entities and two business units, setting a new benchmark for HR transformation in the mining sector.

Key Benefits of the Transformation

Harmony Australasia, operating in Australia and Papua New Guinea, aimed to create a streamlined human resource management function that caters to the highest safety standards. Mastek’s solution provides effective workforce planning through real-time visibility. Automation has reduced manual intervention, and compliance management has been standardized.

Transformation Journey

The transformation began with an advisory phase, followed by the deployment of Oracle Recruiting Cloud (ORC), Core HR, and Learning. The final phase included Talent, Compensation, and HR Helpdesk. All modules were rolled out in a single go-live event, creating a seamless end-to-end HR experience.

Business and Functional Outcomes

• Unified HR Data: A single source of truth across Australia and PNG supports analytics and compliance reporting.
• Greater Efficiency: Automation has lowered costs and freed up HR teams to focus on higher-value activities.
• Faster Decisions: Dashboards and real-time insights help leaders make informed calls without delay.
• Workforce Mobility: Standardized processes simplify employee lifecycle events.
• Employee Engagement: User-friendly mobile tools have improved adoption.
• Change Adoption: Careful planning and open communication built confidence.
• Redwood UX/UI: Leveraging AI and Redwood capabilities, Harmony Australasia improved its user experience.

Executive Perspective

Sandra Almeida, Group HR Manager, Harmony Australasia said, “The successful implementation of Oracle Fusion HCM Cloud is a proud milestone in Harmony Australasia’s digital journey toward a smarter, more connected HR function. By unifying workforce processes on a single cloud platform, it simplifies operations across geographies and creates a scalable foundation to support their evolving workforce needs in long-term.”

Surya Nunna, Executive Vice President, AMEA, Mastek added, “A year ago, we set the ambitious goal of going live in August. Achieving this on schedule with zero escalations reflects not just the strength of our collaboration but also the dedication and discipline throughout the project execution journey. Harmony Australasia has been an exceptional client throughout, and we congratulate them on this successful transformation that sets a new benchmark for HR excellence.”

Source: BSE

Kajaria Ceramics has announced key leadership appointments: Ashok Kajaria as Chairman, Chetan Kajaria as Vice Chairman, and Rishi Kajaria as Managing Director, all effective October 1, 2025. Additionally, the board approved increasing investment in Kajaria Adhesive Private Limited (KAPL) from ₹16 Crores to ₹23 Crores to support working capital and expansion. The leadership changes are subject to member approval.

Leadership Appointments

Effective October 1, 2025, pending member approval, Ashok Kajaria has been appointed as the Chairman of Kajaria Ceramics. Chetan Kajaria will assume the role of Vice Chairman, and Rishi Kajaria has been appointed as the Managing Director. Each appointment is for a term of 5 years, expiring on September 30, 2030.

These appointments follow Ashok Kajaria’s decision to delegate responsibilities after completing 78 years. The company recognizes Chetan Kajaria’s contribution as Joint Managing Director for over 10 years.

KAPL Investment Increased

The board also approved an increase in investment limit for Kajaria Adhesive Private Limited (KAPL) from ₹16 Crores to ₹23 Crores. This investment will be utilized to acquire shares and provide loans to KAPL. Furthermore, ₹6 Crores will be provided to KAPL as financial assistance towards working capital requirements.

About Ashok Kajaria

Ashok Kajaria is the founding Chairman & Managing Director of Kajaria Ceramics and holds a Bachelors in Science (B.Sc.) degree and pursued Engineering (BSME) at UCLA (California), USA. He has over 49 years of experience.

About Chetan Kajaria

Chetan Kajaria holds a Bachelor in Petro Chemical Engineering (BE) from Pune University and an MBA from Boston College, US. He has been with Kajaria Ceramics since 2000. He is credited with opening international-standard tile showrooms across the country and adopting an asset-light approach in 2011 to expand production.

About Rishi Kajaria

Rishi Kajaria holds a B.Sc. in Business Administration from Boston University, U.S.A. He joined Kajaria Ceramics in 2003 and leads the vitrified tile vertical. He started manufacturing vitrified tiles in Sikandrabad in 2010 and has expanded capacity through joint ventures in Morbi, Gujarat.

Source: BSE