ELGI Equipments has launched its Demand=Match system, an innovation for fixed-speed compressors operating under fluctuating demand. This technology adjusts compressor delivery to real-time plant needs by recirculating airflow, ensuring delivery always equals demand. The result is VFD-like energy savings with the robustness of fixed-speed machines. The system was launched in India on September 19, 2025, and will be rolled out globally.

Innovative Compressor Technology

ELGI Equipments has announced the launch of the Demand=Match system, a breakthrough innovation designed to transform the operation of fixed-speed compressors facing fluctuating demand scenarios. Launched on September 19, 2025, this new technology aims to optimize energy consumption and improve efficiency in industrial settings.

How Demand=Match Works

The Demand=Match system intelligently adjusts compressor delivery to match real-time plant requirements. It achieves this by recirculating airflow inside the compressor, ensuring that delivery is always aligned with actual demand. This innovative approach results in energy savings comparable to Variable Frequency Drive (VFD) systems, while maintaining the simplicity and robustness of fixed-speed machines.

Key Benefits and Availability

The Demand=Match system offers several key benefits, including significant energy savings, improved reliability, cost efficiency, enhanced sustainability, and extended warranty options on select compressor models. It eliminates unnecessary machine cycling and maintains stable pressure, even under fluctuating demand conditions.

Currently, the Demand=Match system is available in India as a factory-fit option on ELGi’s EG and EQ series compressors. The company plans to progressively launch the technology across global markets in the near future.

Source: BSE

Oil and Natural Gas Corporation (ONGC) has announced the appointment and re-appointment of statutory auditors for the financial year 2025-26. The appointments follow a letter received from the Comptroller & Auditor General of India (C&AG). Firms such as M/s Talati & Talati LLP and M/s MSKA & Associates are among those selected to oversee the company’s financial audits.

Statutory Auditor Appointments

ONGC has finalized its statutory auditors for the financial year 2025-26, based on communications from the Comptroller & Auditor General of India (C&AG). These firms will conduct statutory audits, ensuring financial compliance and accuracy.

List of Appointed Firms

The following firms have been appointed or re-appointed as Statutory Auditors/ Joint Statutory Auditors of the Company for the Financial Year 2025-26:

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• M/s Talati &Talati LLP (Re-appointment)
• M/s V Sankar Aiyar &Co (Re-appointment)
• M/s Laxmi Tripti & Associates (Re-appointment)
• M/s Manubhai & Shah LLP (Re-appointment)
• M/s MSKA & Associates (Appointment)

Details of the Firms

M/s Talati & Talati LLP

M/s Talati & Talati LLP, established on February 18, 1976, is a chartered accountancy firm with its head office in Ahmedabad. The firm has multiple branches across India. Key partners include Sunil Himatlal Talati and Umesh Himatlal Talati. They have served Oil and Natural Gas Corporation Limited since 2023-24.

V. Sankar Aiyar & Co.

V. Sankar Aiyar & Co., established in 1952, is one of the oldest professional firms in India with headquarters in Mumbai. The firm has 17 partners. The firm’s expertise includes audit and assurance, financial investigation, advisory services, and more.

M/s Laxmi Tripti & Associates

Laxmi Tripti & Associates was established in 1988. The firm has multiple branches. Major assignments include Indian Overseas Bank – Central Statutory Audit.

Manubhai & Shah LLP

Manubhai & Shah LLP, established in 1945, has its head office in Ahmedabad and multiple branch offices. Key individuals include Kaushik Chandubhai Patel and Sanjay Rasiklal Shah. Their assignments have included Oil and Natural Gas Corporation Limited.

MSKA & Associates

MSKA & Associates, established in 1978, has offices across 12 cities in India. The Firm primarily provides audit and assurance services, tax and advisory services.

Source: BSE

Minda Corporation Limited announced the redemption of its Commercial Papers worth Rs. 100 Crores. These papers, with ISIN INE842C14131, were issued on June 20, 2025, and have been fully redeemed following a payment made on September 19, 2025. The company has confirmed this redemption in compliance with circular guidelines.

Commercial Paper Redemption

Minda Corporation Limited confirmed that the Commercial Papers of Rs. 100 Crores have been redeemed. The redemption was completed after making the necessary payment on September 19, 2025.

Details of Redemption

The Commercial Papers, identified by the ISIN code INE842C14131, were initially issued on June 20, 2025. This action aligns with the company’s financial strategy.

The company formally announced the successful completion of this financial obligation.

Source: BSE

Reliance Power clarifies that recent CBI actions concerning Reliance Commercial Finance (RCFL) and Reliance Home Finance (RHFL) have no impact on its operations or financial stability. RCFL and RHFL matters are resolved following a Supreme Court judgment with management changes. Anil D. Ambani has never been on the boards of RCFL or RHFL, nor is he currently on Reliance Power’s board. Reliance Power operates as a separate, independent listed entity.

Response to Media Reports

Reliance Power Limited has addressed media reports regarding the Central Bureau of Investigation (CBI) actions concerning Reliance Commercial Finance (RCFL) and Reliance Home Finance (RHFL). The company emphasizes that these actions do not affect Reliance Power’s business operations, financial performance, shareholders, employees, or other stakeholders.

Details on RCFL and RHFL

The matters concerning RCFL and RHFL pertain to transactions that occurred over 10 years ago. These issues have been fully resolved through a change in management, following judgments by the Supreme Court of India in 2022 and 2023. The resolution was achieved through independent, lender-driven processes led by Bank of Baroda, adhering to RBI regulations.

Anil D. Ambani’s Role

It is confirmed that Anil D. Ambani has never been a member of the Boards of Directors for either RCFL or RHFL. Furthermore, he is currently not on the Board of Reliance Power Limited, and hasn’t been for more than 3.5 years.

Reliance Power’s Position

Reliance Power operates as a separate and independently listed entity. The aforementioned actions related to RCFL and RHFL do not impact the company’s day-to-day management, governance, or financial stability. The company remains focused on its business plans and is committed to creating value for its stakeholders.

Source: BSE

Deepak Phenolics Limited (DPL), a wholly owned subsidiary of Deepak Nitrite Limited, has invested ₹48 Crores in Deepak Chem Tech Limited (DCTL), another wholly owned subsidiary. This investment was executed through the issuance and allotment of 4,800,000, 9% Optionally Convertible Redeemable Preference Shares (OCRPS) at a face value of ₹100 each. The investment is aimed at strengthening DCTL’s capital base.

Strategic Investment Overview

Deepak Nitrite Limited announced that Deepak Phenolics Limited (DPL), a wholly owned subsidiary, has made a strategic investment in Deepak Chem Tech Limited (DCTL), another wholly owned subsidiary. The investment, totaling ₹48 Crores, aims to bolster DCTL’s financial capabilities and support its ongoing and future projects.

Details of the Investment

On September 19, 2025, DCTL issued and allotted 4,800,000, 9% Optionally Convertible Redeemable Preference Shares (OCRPS) to DPL. The shares have a face value of ₹100 each, aggregating to the total investment of ₹48 Crores. This infusion of capital will directly contribute to DCTL’s ability to pursue project expenses and fulfill general corporate purposes.

Deepak Chem Tech Limited (DCTL)

DCTL operates a state-of-the-art Fluorination plant and is actively involved in various projects in Gujarat. As of FY 2024-25, DCTL reported a turnover of ₹9.43 Crores. The company was incorporated on October 9, 2020. DCTL focuses on the chemical industry. The infusion of funds by DPL is to strengthen the capital base of DCTL and support it in carrying out project expenses and general corporate purposes.

Source: BSE

Hindustan Copper Limited (HCL) has signed a Memorandum of Understanding (MoU) with Oil India Limited (OIL) on September 19, 2025. This partnership aims to collaborate on the exploration and development of critical and strategic minerals, including copper and associated minerals, both in India and overseas. The MoU focuses on sharing investments and associated risks in exploration, development, mining, and processing activities.

Strategic Collaboration for Mineral Exploration

Hindustan Copper Ltd (HCL) and Oil India Limited (OIL) have formalized a strategic alliance through a Memorandum of Understanding (MoU) signed on September 19, 2025. The primary objective is to foster collaboration in the exploration and development of critical and strategic minerals, encompassing copper and associated minerals, within India and in international markets.

Objectives of the Partnership

The MoU outlines the intent to cooperate on projects involving exploration, development, mining, and processing of critical and copper mineral blocks. This collaboration involves the sharing of investments and associated risks to enhance project viability and success.

Focus on Self-Reliance

This partnership strengthens India’s self-reliance in sourcing strategic minerals. By combining the expertise of both companies, the initiative aims to contribute significantly to the nation’s energy security and technological advancement. This collaboration supports the objectives of the National Critical Mineral Mission.

Source: BSE

Anita Richard Sontumyra has resigned from her position as Chief People Officer (CPO) of SBI Cards and Payment Services Limited, effective September 18, 2025. The resignation is due to her repatriation to the State Bank of India. The company has announced the resignation and thanked Ms. Sontumyra for her contributions.

Leadership Change at SBI Card

SBI Cards and Payment Services Limited has announced the resignation of Ms. Anita Richard Sontumyra from her position as Chief People Officer (CPO). The resignation took effect at the close of business hours on September 18, 2025.

Reason for Departure

According to the official statement, Ms. Sontumyra’s resignation is a result of her repatriation to the State Bank of India. The company acknowledged her contributions during her tenure. Ms. Sontumyra also expressed her gratitude and wished the company continued success in her resignation letter dated September 18th, 2025.

Official Announcement

The official announcement was made on September 19, 2025, confirming the change in senior management. Payal Mittal Chhabra, Chief Compliance Officer & Company Secretary, released the information. The effective date of the event was September 18, 2025, at approximately 6:00 PM.

Source: BSE

Oil India Limited (OIL) has signed a Memorandum of Understanding (MoU) with Hindustan Copper Limited (HCL) on September 19, 2025, to collaborate on the exploration and development of critical and strategic minerals. This partnership aims to boost India’s self-reliance in sourcing essential minerals, including copper and associated minerals. This strategic move diversifies OIL’s portfolio, contributing to the nation’s energy security and technological advancement.

Strategic Collaboration for Mineral Development

Oil India Limited (OIL) and Hindustan Copper Limited (HCL) have formalized a collaboration through a Memorandum of Understanding (MoU), signed on September 19, 2025. This partnership focuses on the exploration and development of critical and strategic minerals, a significant step towards bolstering India’s self-reliance.

Focus on Critical Minerals

The agreement emphasizes cooperation in the exploration and development of key minerals, including copper and associated minerals. This initiative aligns with the national objective of securing strategic mineral resources vital for energy security and technological progress.

Industry Impact

Oil India, a Maharatna PSU, is leveraging its expertise to diversify into critical minerals, complementing its established oil and gas operations. HCL, a Miniratna PSU, brings its mining and production strengths to the collaboration. This partnership is expected to contribute significantly to the National Critical Mineral Mission.

Source: BSE