TVS Motor Company has announced the establishment of a Global Centre of Excellence (CoE) for Design and Engineering in Bologna, Italy. This initiative includes the acquisition of 100% ownership of Engines Engineering S.p.A., an Italian automotive design firm. The CoE will integrate Engines Engineering’s expertise with TVS Motor’s global R&D to enhance product innovation and technological leadership.

Global Expansion of R&D Capabilities

TVS Motor Company is setting up a Global Centre of Excellence (CoE) for Design and Engineering in Bologna, Italy. This strategic move reinforces TVS Motor’s vision to deliver future-ready mobility solutions in international markets. The announcement was made on September 25, 2025.

Acquisition of Engines Engineering S.p.A.

As part of this initiative, TVS Motor has agreed to acquire 100% ownership of Engines Engineering S.p.A. This Italian firm is known for its expertise in automotive design, advanced prototyping, and innovation, particularly in high-performance motorcycles and MotoGP racing. The acquisition aims to strengthen TVS Motor’s design and engineering base to accelerate the creation of next-generation mobility platforms.

Purpose of the Global Centre of Excellence

The CoE will serve as a hub for innovation, integrating Engines Engineering’s expertise with TVS Motor’s global R&D. This integration is expected to improve the company’s speed to market, product differentiation, and technological leadership. Furthermore, the CoE will add new capabilities to Norton Motorcycles, supporting the creation of modern luxury motorcycles.

Comments from Leadership

Sudarshan Venu, Chairman of TVS Motor Company, stated that combining Engines Engineering’s creativity and racing expertise with TVS Motor’s engineering and design strengths will expand their ability to deliver premium, connected, and electric vehicles. He also emphasized that this Centre of Excellence would enhance Norton’s capabilities, enabling it to advance its craft of high-performance motorcycles.

Key Focus Areas

The CoE will focus on:

Design Leadership and Engineering Excellence: Advancing capabilities in digital simulation, rapid prototyping, and modular platform development.
Future Mobility Technologies: Accelerating the adoption of AI-driven design tools, advanced material applications, and digital integration.
Global Talent & Collaboration: Creating a magnet for world-class talent while building an ecosystem for co-development and innovation.

This initiative aims to reduce product development cycles, enhance design flexibility, and expand TVS Motor’s portfolio, including high-displacement motorcycles, advanced scooters, and new electric mobility platforms. The expanded engineering depth will also strengthen Norton’s pipeline of high-performance motorcycles.

Source: BSE

Can Fin Homes announced the transfer of 2,84,276 equity shares to the Investor Education and Protection Fund (IEPF) as per regulatory requirements. This transfer pertains to 371 shareholders after sending the required notifications for claiming the final dividend for FY 2017-18. Among the total shares transferred, 1,43,396 shares relating to 169 shareholders were related to shares lying in the Unclaimed Suspense Account of the Company.

Equity Share Transfer to IEPF

Can Fin Homes has transferred 2,84,276 equity shares to the Investor Education and Protection Fund (IEPF). This is in accordance with Section 124 of the Companies Act, 2013, and IEPF Rules, 2016. The announcement was made on September 25, 2025.

Details of the Transfer

The equity shares transferred pertain to 371 shareholders. The transfer was initiated after sending the required notifications to the shareholders, offering them the opportunity to claim their final dividend for the financial year 2017-18.

Unclaimed Suspense Account

Of the total shares transferred to the IEPF, 1,43,396 shares, belonging to 169 shareholders, were related to those lying in the Unclaimed Suspense Account of the Company. This transfer complies with regulatory guidelines for unclaimed dividends and shares.

Source: BSE

CRISIL has reaffirmed its credit ratings for Cyient’s bank facilities. The long-term rating remains at CRISIL AA/Stable, and the short-term rating is reaffirmed at CRISIL A1+. The total bank loan facilities rated amount to ₹90 Crore. These ratings reflect CRISIL’s ongoing surveillance and review of Cyient’s financial standing.

CRISIL Ratings Maintained

Cyient has received confirmation from CRISIL Ratings that its existing ratings for bank facilities have been reaffirmed. The announcement was made on September 23, 2025. CRISIL consistently monitors the ratings of companies and may revise them based on new information or changing circumstances.

Detailed Ratings Breakdown

The following ratings have been reaffirmed by CRISIL:

• Long Term Rating: CRISIL AA/Stable
• Short Term Rating: CRISIL A1+
• Total Bank Loan Facilities Rated: ₹90 Crore

Facility-Wise Details

The ₹90 Crore of rated facilities is comprised of several types:

Source: BSE

Kalpataru Projects International Limited (KPIL) announced that its subsidiary, Vindhyachal Expressway Private Limited (VEPL), has reached a settlement agreement related to an arbitration award. The award pertained to disputes arising out of a road project undertaken by VEPL. The settlement was amicably concluded under the Arbitration and Conciliation Act, 1996.

Settlement Agreement Executed

A settlement agreement has been successfully executed by Vindhyachal Expressway Private Limited (VEPL), a wholly-owned subsidiary of Kalpataru Projects International Limited (KPIL). This agreement resolves an existing arbitration award.

Details of the Resolution

The arbitration award concerned disputes originating from a road project previously managed by VEPL. All disputes have now been amicably settled under the provisions of the Arbitration and Conciliation Act, 1996.

Timing of Agreement

The intimation of entering into the Settlement Agreement was received on September 24th, 2025 at about 7:50 P.M.

Source: BSE

WAAREE Energies has announced the incorporation of a new wholly-owned subsidiary, Waaree Forever Energies Three Private Limited, on September 24, 2025. This new entity will operate under the Independent Power Producer (IPP) framework. The subsidiary will facilitate the holding of specific power projects under the IPP structure, expanding WAAREE’s reach in the renewable energy sector. The incorporation was formalized with the Certificate of Incorporation received on September 25, 2025.

Subsidiary Incorporation

WAAREE Energies has incorporated a new step-down subsidiary named Waaree Forever Energies Three Private Limited on September 24, 2025. This entity is a wholly-owned subsidiary of Waaree Forever Energies Private Limited, which itself is a wholly-owned subsidiary of WAAREE Energies.

Strategic Intent

The newly formed entity will function as an Independent Power Producer (IPP). This strategic move will allow WAAREE Energies to further its capabilities in project facilitation. Waaree Forever Energies Three Private Limited is designed to hold specific power projects developed under the IPP framework, enhancing the company’s focus on renewable energy initiatives.

Operational Status

As of September 25, 2025, Waaree Forever Energies Three Private Limited is in its initial phase and is yet to commence its business operations. This incorporation will enable WAAREE Energies to focus on expanding and managing power projects, strengthening the company’s presence in the renewable energy sector.

Source: BSE

TVS Motor Company has agreed to acquire 1,000,000 equity shares in Engines Engineering S.p.A (EE) from ACT S.r.l. Upon completion, EE will become a wholly-owned subsidiary of TVS Motor (Singapore) Pte Limited. The acquisition is aligned with TVS Motor’s vision of becoming a leading global mobility player and provides design and engineering services. The deal is expected to close by October 1, 2025, subject to customary closing conditions.

Strategic Acquisition Announced

TVS Motor Company has announced its agreement to acquire Engines Engineering S.p.A. (EE) through its Singapore subsidiary. The acquisition involves 1,000,000 equity shares and aims to bolster TVS Motor’s design and engineering capabilities.

Engines Engineering S.p.A Details

Engines Engineering S.p.A (EE), based in Italy, specializes in styling, design, engineering, and testing services, primarily focusing on two-wheeled and three-wheeled vehicles. It possesses technical expertise in high-performance and high-displacement engines.

Deal Terms and Rationale

The purchase price is EUR 5.05 per share, totaling EUR 5,050,000 for 100% ownership of EE. The acquisition is subject to standard closing conditions and is expected to be completed by October 1, 2025.

This acquisition aligns with TVS Motor’s broader strategy to establish itself as a global mobility leader and complements its existing acquisitions. TVS Motor views EE as a key partner for providing automotive design and engineering services to TVS Motor and its subsidiaries.

Financial Overview of EE

In 2022, EE reported a revenue of EUR 11,473,120. Revenues were EUR 5,530,901 in 2023 and EUR 11,282,556 in 2024.

Source: BSE

NTPC Green Energy Limited (NGEL) has announced that part capacity of 25 MW of a solar project in Bhuj, Gujarat is now operational, effective September 27, 2025. This project is part of a larger 37.5 MW solar installation. With this addition, the total installed capacity of the NGEL Group has increased to 7407.475 MW.

Solar Project Update

NTPC Green Energy Limited (NGEL) announces the successful commencement of operations for a portion of its solar power project located in Bhuj, Gujarat. The declaration, made on September 25, 2025, confirms that 25 MW of capacity has been officially commissioned.

Project Details

The newly operational capacity is part of a larger solar power project with a total installed capacity of 37.5 MW. The project is located in Bhuj, Gujarat, and is undertaken by Ayana Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Pvt. Ltd., and a joint venture with ONGC. The effective date of commercial operation is September 27, 2025.

Impact on Total Capacity

As a result of this new capacity, the total installed capacity of the NTPC Green Energy Limited Group has increased from 7382.475 MW to 7407.475 MW. This expansion strengthens NGEL’s position in the renewable energy sector.

Source: BSE

Union Bank of India will conduct an investor/analyst meet with Jupiter Asset Management Limited on September 25, 2025, in Mumbai. The discussion will be one-to-one and physical. The bank will refer to publicly available documents for discussions during the interaction.

Investor/Analyst Meet

Union Bank of India has scheduled an investor/analyst meet with representatives from Jupiter Asset Management Limited. The meeting is scheduled for September 25, 2025, in Mumbai.

Meeting Details

The investor meet is scheduled to take place from 3:00 PM to 4:00 PM. The mode of the meeting will be a one-to-one physical interaction in Mumbai.

Important Note

The bank will refer to publicly available documents for discussions during the meet/call with the analysts/investors.

Source: BSE