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Olectra Greentech: Board Re-appoints Director and Appoints New Managing Director

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Olectra Greentech’s Board re-appointed Mrs. Chintalapudi Laksmi Kumari as an Independent Director for five years starting January 9, 2026. They also appointed Mr. Mahesh Babu Subramanian as an Additional Director and, subject to shareholder approval, as the Managing Director from September 27, 2025. Several board committees were also reconstituted.

Director Re-appointment

Mrs. Chintalapudi Laksmi Kumari has been re-appointed as an Independent Director of Olectra Greentech for a further term of five years. The new term commences on January 9, 2026, pending shareholder approval. She has over 38 years of experience as an advocate in Civil, Criminal, and Constitutional matters.

Managing Director Appointment

Mr. Mahesh Babu Subramanian has been appointed as an Additional Director and, subject to shareholder approval, will serve as the Managing Director. His term begins on September 27, 2025, immediately after the Annual General Meeting. He has over 30 years of experience in the mobility sector. He previously served as CEO of SWITCH Mobility and Managing Director/CEO of Mahindra Electric.

Key Management Personnel

Effective September 27, 2025, the Key Managerial Personnel (KMP) include:

  • Mr. Mahesh Babu Subramanian: Managing Director
  • Mr. P. Rajesh Reddy: Whole Time Director
  • Mr. B. Sharat Chandra: Chief Financial Officer
  • Mr. P Hanuman Prasad: Vice President – Company Secretary & Head Legal

Board Committee Reconstitution

The Board approved the reconstitution of committees, effective September 28, 2025. The Audit Committee now includes:

  • Mr. Pandu Ranga Vittal Elapavuluri: Chairman
  • Mr. Subramaniamsundar Rajan Vangal: Member

The Stakeholders Relationship Committee includes:

  • Mr. Pandu Ranga Vittal Elapavuluri: Chairman
  • Mr. Subramaniamsundar Rajan Vangal: Member
  • Mrs. Chintalapudi Laksmi Kumari: Member
  • Mr. Mahesh Babu Subramanian: Member

The Corporate Social Responsibility Committee includes:

  • Mr. Subramaniamsundar Rajan Vangal: Chairman
  • Mr. Pandu Ranga Vittal Elapavuluri: Member
  • Mr. Mahesh Babu Subramanian: Member
  • Mrs. Chintalapudi Laksmi Kumari: Member

The Risk Management Committee includes:

  • Mr. Pandu Ranga Vittal Elapavuluri: Chairman
  • Mrs. Chintalapudi Laksmi Kumari: Member
  • Mr. B. Venkata Ramana Rao: Member
  • Mr. Mahesh Babu Subramanian: Member

Source: BSE

Alkem Laboratories: GST Order Received; Company to Appeal

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Alkem Laboratories has received a GST order confirming a demand of ₹23.39 lakh along with applicable interest and penalty for the period July 2017-2018 to 2020-2021. The order alleges non-reversal of common input tax credit attributable to exempt supplies. Alkem plans to appeal the order, believing it has adequate grounds to contest the demand.

GST Demand Confirmation

Alkem Laboratories has received an order related to its Haryana GSTIN for the period from July 2017 to March 2021 (financial years 2017-2018, 2018-2019, 2019-2020, 2020-2021). This order confirms a GST demand of ₹23,39,799, in addition to applicable interest and a penalty of ₹23,39,799.

Reason for the Order

The primary allegation in the order pertains to the non-reversal of common Input Tax Credit (ITC) attributed to exempt supplies. The company received the order on September 23rd, 2025.

Company Response

Alkem Laboratories does not agree with the demand outlined in the order and intends to contest it. The company is currently taking appropriate actions, which include filing an appeal against the order. Alkem believes it possesses sufficient factual and legal grounds to support its position and considers the dispute to be unsustainable. There is no expected material impact on the company’s finances, operations, or other activities because of the order.

Source: BSE

Poly Medicure: Acquisition of Citieffe Group Approved

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Poly Medicure has approved the acquisition of Citieffe Group, a Swiss corporation along with its subsidiaries in Italy, the USA, and Mexico, through its wholly-owned subsidiary, Poly Medicure B.V. Following the acquisition, Poly Medicure B.V. will own 100% stake in the Citieffe Group. Also, the company allotted 33,775 equity shares to eligible employees under its stock option scheme.

Citieffe Group Acquisition

Poly Medicure’s board has approved the acquisition of Medistream SA, a Swiss Corporation, along with its wholly-owned subsidiaries, Citieffe SRL (Italy), Citieffe Inc. (USA), and Citieffe De (Mexico), collectively known as the “Citieffe Group”. This acquisition will be executed through Poly Medicure’s wholly-owned subsidiary, Poly Medicure B.V., Amsterdam.

Ownership Structure

Upon completion of the acquisition, Poly Medicure Limited, via Poly Medicure B.V., will gain 100% ownership of the Citieffe Group. The decision was made during a board meeting on September 24, 2025.

Employee Stock Option Allotment

In addition to the acquisition, the board also approved the allotment of 33,775 equity shares to eligible employees under the Employee Stock Option Scheme, 2020. Each share has a face value of Rs. 5.

Updated Equity Share Capital

Following the allotment, the paid-up Equity Share Capital of Poly Medicure has increased to Rs. 50,67,97,450, consisting of 10,13,59,490 equity shares with a face value of Rs. 5 each. This is an increase from the previous capital of Rs. 50,66,28,575, which consisted of 10,13,25,715 equity shares.

Source: BSE

Adani Enterprises: Chairman’s Letter Highlights Growth and Resilience

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In his letter to shareholders, Adani Group Chairman Gautam Adani emphasized the company’s resilience and significant growth. Portfolio EBITDA rose to ₹89,806 Cr in FY25, representing a ~57% absolute growth. The Gross Block expanded by nearly ₹2 lakh Cr in two years, showcasing robust asset expansion. He further highlighted commitment to building a brighter future for India.

Chairman’s Address: A Message of Strength

Adani Group Chairman Gautam Adani addressed shareholders, reflecting on a period of challenge and triumph. Despite facing scrutiny, the group has emerged stronger, driven by transparency and good governance.

Exceptional Financial Performance

The Chairman highlighted significant financial achievements:

  • EBITDA Growth: Portfolio EBITDA surged from ₹57,205 Cr in FY23 to ₹89,806 Cr in FY25. This represents an increase of ₹32,601 Cr, reflecting approximately 57% absolute growth and a two-year CAGR of 25%.
  • Asset Expansion: The Gross Block expanded from ₹4,12,318 Cr in FY23 to ₹6,09,133 Cr in FY25. This represents nearly ₹2 lakh Cr of asset addition, a 48% rise in just two years.

Transformative Infrastructure Projects

Several key infrastructure projects have reshaped India’s landscape and strengthened the group’s global position:

  • Commissioned India’s first container transshipment port at Vizhinjam, alongside the Colombo West International Terminal.
  • Added 6 GW of renewable capacity, including Khavda, the world’s largest single-location renewable project.
  • Commissioned the world’s largest copper smelter and metallurgical complex.
  • Expanded the energy network with 7,000 circuit kms of transmission lines and 4 GW of new thermal capacity.

Commitment to the Future

Looking forward, the Chairman outlined key priorities:

  • Further strengthen governance standards.
  • Accelerate innovation and sustainability.
  • Double down on nation building by investing in infrastructure.

The message reinforces the company’s commitment to resilience, integrity, and building a brighter future for India.

Source: BSE

Jupiter Wagons: Appoints Vinod Kumar Agarwal as Chief Financial Officer

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Jupiter Wagons has appointed Vinod Kumar Agarwal as its Chief Financial Officer (CFO) and Key Managerial Personnel, effective September 24, 2025. The decision, based on recommendations from the Nomination and Remuneration Committee and Audit Committee, brings in a seasoned finance leader with 17 years of experience to drive the company’s financial strategy and growth.

CFO Appointment

Vinod Kumar Agarwal has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel of Jupiter Wagons, effective September 24, 2025. This decision follows the recommendation of both the Nomination and Remuneration Committee and the Audit Committee.

Leadership Experience

Mr. Agarwal brings with him approximately 17 years of experience in driving business growth and strengthening organizations. His expertise covers an array of competencies, including financial planning, fundraising, investments, accounts and audit, business process re-engineering, and more.

Core Competencies

Mr. Agarwal’s key skills include:

  • Financial Planning & Analysis
  • Fundraising & Investments
  • Accounts & Audit
  • Business Process Re-engineering
  • Budgeting & Cost Control
  • Taxation
  • Corporate Governance

Responsibilities

Effective September 24, 2025, Mr. Agarwal is also authorized to determine the materiality of events and information, and to make disclosures to stock exchanges. He replaces Mr. Sanjiv Keshri in this capacity, while other Key Managerial Personnel remain unchanged.

Source: BSE

Jupiter Wagons: Appoints Vinod Kumar Agarwal as Chief Financial Officer

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Jupiter Wagons has announced the appointment of Vinod Kumar Agarwal as its new Chief Financial Officer (CFO) with effect from September 24, 2025. This decision, approved by the Board of Directors based on recommendations from the Nomination and Remuneration Committee, strengthens the company’s financial leadership. Agarwal will also serve as a Key Managerial Personnel as per the Companies Act, 2013 and Listing Regulations.

CFO Appointment

Vinod Kumar Agarwal has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel of Jupiter Wagons, effective September 24, 2025. This appointment was approved by the Board of Directors at its meeting held on the same date.

Key Highlights

The decision to appoint Agarwal follows recommendations from the Nomination and Remuneration Committee and the Audit Committee. As CFO, Agarwal will be responsible for managing the company’s financial operations and strategies.

Leadership Transition

With the new appointment, Vinod Kumar Agarwal will be one of the Key Managerial Personnel authorized to determine the materiality of events and information for disclosures to the stock exchange(s), replacing Sanjiv Keshri in this role. Other Key Managerial Personnel remain unchanged.

Brief Profile

Vinod Kumar Agarwal brings 17 years of experience driving business growth and strengthening organizations. His expertise includes financial planning and analysis, fundraising and investments, accounts and audit, business process re-engineering, SOPs and internal controls, budgeting and cost control, treasury and working capital, ERP implementation, taxation, corporate governance, investor relations, compliance, and IT integration.

He specializes in financial planning, budgeting, and costing to align organizational strategy with operational goals and is skilled in analyzing financial data and delivering insightful, value-driven reports through collaboration with strategic business units. Agarwal is proficient in variance analysis, integrated financial modeling, and strategic evaluation, enabling informed decision-making and driving sustainable business growth, profitability, and operational excellence.

Source: BSE

Bikaji Foods: Board Meeting Scheduled for November 11, 2025 to Approve Quarterly Results

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Bikaji Foods International Limited has announced a board meeting to be held on November 11, 2025. The primary agenda is to approve the unaudited standalone and consolidated financial results for the quarter and half-year ending on September 30, 2025. Additionally, the trading window will be closed from October 01, 2025, until 48 hours after the results are declared.

Board Meeting Announcement

A meeting of the Board of Directors of Bikaji Foods International Limited is scheduled for Tuesday, November 11, 2025. During this meeting, the board will review key financial data and make important decisions regarding the company’s performance.

Financial Results on the Agenda

The primary focus of the board meeting will be the approval of the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year that ended on September 30, 2025. This includes a review of the Statement of Assets and Liabilities, as well as the Statement of Cash Flow for the same period.

Trading Window Closure

In compliance with regulations regarding insider trading, Bikaji Foods International Limited has announced that the trading window for the company’s shares will be closed for all Designated Persons and their immediate relatives. The closure will begin on Wednesday, October 01, 2025 and will remain in effect until 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ending September 30, 2025.

Source: BSE

UTI Asset Management: Voluntary Retirement Scheme Implementation

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UTI Asset Management has announced the implementation of a Voluntary Retirement Scheme (VRS) for eligible employees. The Board of Directors approved the scheme on September 23, 2025. The scheme will be launched effective October 1, 2025. The financial impact will be ascertained upon the closure of the scheme.

Voluntary Retirement Scheme Announced

UTI Asset Management has announced the implementation of a Voluntary Retirement Scheme (VRS). The Board of Directors approved the Voluntary Retirement Scheme (VRS) for eligible employees of the Company during a meeting held on September 23, 2025.

Scheme Details and Effective Date

The Voluntary Retirement Scheme will be launched with effect from October 1, 2025. The announcement states that the financial impact resulting from the VRS will be determined and disclosed following the scheme’s closure. The board meeting, where the scheme was approved, commenced at 1800 hrs IST and concluded at 1900 hrs IST.

Source: BSE

[IOB]: Annual Interest Payment on Basel III Tier II Bonds – Series III

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Indian Overseas Bank (IOB) has successfully made the annual interest payment on its Basel III Tier II Bonds, Series III, due on September 24, 2025. The interest payment pertains to bonds with ISIN INE565A08035. This announcement confirms the bank’s adherence to its financial obligations. The amount of interest paid is ₹45,40,10,000/-.

Interest Payment Confirmation

Indian Overseas Bank (IOB) confirms the annual interest payment on its Basel III Tier II Bonds – Series III/INE565A08035. The payment, made on September 24, 2025, fulfills the obligations related to these bonds.

Key Details of the Interest Payment

Here are the details regarding the interest payment:

  • ISIN: INE565A08035
  • Issue Size: ₹500 Crore
  • Interest Amount Paid: ₹45,40,10,000/-
  • Payment Frequency: Annual
  • Interest Payment Record Date: 06.09.2025
  • Actual Date of Interest Paid: 24.09.2025
  • Date of Last Interest Payment: 24.09.2024

The bank clarifies that details of redemption payment are not applicable as this is an interest payment.

Source: BSE

Exide Industries: Board to Consider Unaudited Financial Results

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Exide Industries has announced a board meeting scheduled for October 30, 2025, to consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2025. The company has also informed that the trading window for dealing in the securities of the company, which is currently closed, will re-open on November 4, 2025.

Board Meeting Scheduled

Exide Industries is set to hold a meeting of its Board of Directors on Thursday, October 30, 2025. The primary agenda of the meeting is to review and approve the unaudited financial results. These results will cover the performance of the company for the quarter and half-year period that concluded on September 30, 2025.

Trading Window Closure and Re-opening

As per the company’s internal policies and regulations regarding insider trading, the trading window for company securities is currently closed. This closure is to ensure fair and transparent trading practices during the period leading up to the announcement of financial results. Exide Industries has confirmed that the trading window is scheduled to re-open on Tuesday, November 4, 2025. After this date, company insiders and other designated individuals will be permitted to trade in the company’s shares, subject to applicable regulations and internal guidelines.

Source: BSE

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