Dr. Reddy’s Laboratories announced that its promoters have transferred a total of 17,17,26,540 equity shares, representing 20.58% of the company’s equity, to their respective private family trusts. The off-market transfer, effective September 17, 2025, is aimed at succession planning and streamlining family assets. There is no change in management control following the transaction.

Promoter Share Transfer

Dr. Reddy’s Laboratories has received notification from its promoters regarding the transfer of shares to their private family trusts. The total number of shares transferred is 17,17,26,540, which constitutes 20.58% of the company’s equity. The transfer was executed through an off-market transaction on September 17, 2025.

Details of the Share Transfers

The share transfer was structured as follows:

• Satish Reddy Kallam transferred 7,56,30,620 equity shares (9.06%) to VSD Family Trust.
• G V Prasad transferred 9,60,95,920 equity shares (11.51%) to GVP Family Trust.

Rationale and Impact

The promoters stated that the transfer is part of a private family arrangement intended for succession planning and streamlining the management of family assets. The company has also confirmed that the share transfer does not result in any change in the management or control of Dr. Reddy’s Laboratories. Individual promoters, their immediate relatives and/or lineal descendants are the trustees and beneficiaries of the acquirer trusts.

Shareholding Pattern

Following the transfer, the shareholding pattern is as follows:

• VSD Family Trust now holds 7,56,30,620 shares (9.06%)
• GVP Family Trust now holds 9,60,95,920 shares (11.51%)
• Satish Reddy Kallam now directly holds 1,01,07,505 shares (1.21%)
• G V Prasad now directly holds 0 shares (0.00%)

The aggregate holding of the Promoter & Promoter group before and after the said transfer has remained the same.

Source: BSE

Suzlon Energy has been penalized ₹23.14 Lakhs by the State Tax officer in Jamnagar, Gujarat, concerning GST. The company plans to recover the amount from the transporter involved and will appeal the order. This event does not expected to have any significant impact on Suzlon’s financial or operational activities. The notice was dated September 18, 2025.

GST Penalty Details

Suzlon Energy has received a penalty of ₹23.14 Lakhs from the State Tax officer – GST, Mobile Squad Jamnagar, Gujarat. This penalty was levied due to a violation of e-way bill provisions under the GST Act, 2017.

Company Response

Suzlon Energy intends to recover the penalized amount from the erring transporter. The company has also stated that it will file an appeal against the order with the appropriate authorities. This announcement was officially made on September 18, 2025.

Minimal Impact Expected

Suzlon Energy anticipates that this penalty and the related recovery efforts will not have any substantial impact on its financial operations or other activities. The company considers the GST contravention to be procedural in nature.

Source: BSE

Brickwork Ratings has reaffirmed the ratings for Union Bank’s Tier II Bonds (under Basel III) and Additional Tier I Bonds (under Basel III). The ratings for Tier II Bonds are reaffirmed at BWR AAA/Stable, and the ratings for Additional Tier I Bonds are reaffirmed at BWR AA+/Stable. This action reflects Union Bank’s strong capital position and improving asset quality.

Ratings Reaffirmed

Brickwork Ratings (BWR) has reaffirmed the credit ratings for Union Bank of India’s Tier II Bonds (under Basel III) amounting to Rs. 1000 Crs and Additional Tier I Bonds (under Basel III) amounting to Rs. 1705 Crs.

Detailed Ratings

The following ratings have been reaffirmed:

• Tier II Bonds (under Basel III): BWR AAA/ Stable
• Additional Tier I Bonds (under Basel III): BWR AA+/ Stable

Factors Supporting the Ratings

The rating affirmations reflect several key strengths of Union Bank:

• Strong Capital Position: The bank maintains a healthy capital position supported by internal accruals. As of June 30, 2025, the total capital to risk weighted asset ratio (CRAR) stood at 18.30%, with a Tier-1 Ratio of 16.58% and a CET-1 Ratio of 15.30%.
• Government Support: The bank benefits from the strong support of its promoter, the Government of India (GOI), which holds a 74.76% stake as of June 30, 2025.
• Improved Asset Quality: The bank’s asset quality is improving, as reflected in the Gross NPA and NNPA Ratios.

Financial Highlights (Q1 FY26)

Key financial indicators for Q1 FY26 include:

• Total Business: Rs. 22,14,422 Crs
• Gross NPA: 3.52%
• Net NPA: 0.62%
• Net Profit: Rs. 4,116 Crs
• CRAR: 18.30%

Source: BSE

KEC International is reminding shareholders holding shares in physical form to update their KYC (Know Your Customer) details. This is in accordance with recent circulars regarding mandatory updates to PAN, address, mobile number, bank account details, and specimen signature. Shareholders are requested to provide these details to MUFG Intime India Private Limited to ensure uninterrupted dividend payments and continued access to company communications.

KYC Details Update for Physical Shareholders

KEC International urges shareholders holding shares in physical form to update their Know Your Customer (KYC) details. This request aligns with the directives emphasizing the importance of accurate and up-to-date shareholder information.

Mandatory Information

Shareholders must furnish the following information:

• PAN (Permanent Account Number)
• Address with PIN code
• Mobile Number
• Bank Account Details
• Specimen Signature

While registration of Email ID and choice of Nomination is optional, security holders are encouraged to register their email addresses and nomination details to avail online services.

Impact of Non-Compliance

Failure to update PAN, contact details (address with PIN and mobile number), bank account details, or specimen signature may result in dividend payments being made exclusively through electronic mode upon submission of all required information.

Timeline and Process

If a security holder updates their PAN, contact details including mobile number, bank account details and specimen signature after April 1, 2024, they will receive all dividends/interest declared during the period from April 1, 2024 until the date of updation, after the updation process.

Shareholders can download the necessary forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14) from the registrar’s website.

Submission Methods

Shareholders can submit the required documents through one of the following methods:

• In-Person Verification (IPV): Present original documents to the authorized person of the RTA for verification (MUFG Intime).
• Post/Courier: Send self-attested copies of documents to the RTA address.
• Electronic Mode: Submit documents electronically through registered email or the RTA’s service portal, ensuring the documents are e-signed.

Shareholders holding shares in physical form are strongly encouraged to convert their holdings to demat form for enhanced market liquidity.

Source: BSE

BEML Limited has announced the appointment of Shri Sachin Dighde as the Director (Defence Business), effective September 18, 2025. Shri Dighde brings over three decades of experience, having previously served as Chief of Rolling Stock at the Ministry of Railways. This strategic move aims to strengthen BEML’s Defence Business operations and leverage Shri Dighde’s extensive expertise in engineering and strategic project management.

New Leadership in Defence Sector

BEML Limited has appointed Shri Sachin Dighde as Director (Defence Business), effective September 18, 2025. This appointment aims to bolster BEML’s capabilities in the defence sector. Shri Dighde has officially assumed his responsibilities.

Extensive Experience

Shri Sachin Dighde is an accomplished Engineer with over three decades of experience. Before joining BEML, he served as Chief of Rolling Stock at the Ministry of Railways. He is expected to bring significant experience in managing complex engineering operations and strategic projects to his new role at BEML.

Source: BSE

Jusmiral Holdings Limited, a promoter of Cohance Lifesciences, has sold 3,41,48,000 shares, reducing its stake to 24.15%. The sale occurred on September 18, 2025. The proceeds are primarily intended for part payment of borrowings under the Notes Purchase Agreement. This disclosure follows insider trading regulations and provides information regarding changes in promoter holdings.

Promoter Share Sale

Jusmiral Holdings Limited, a promoter of Cohance Lifesciences, executed a sale of shares on September 18, 2025. The transaction involved the disposal of 3,41,48,000 shares.

Revised Shareholding

Following the sale, Jusmiral Holdings Limited’s shareholding in Cohance Lifesciences has decreased to 24.15%. The company previously held 33.08% of the shares.

Use of Proceeds

The proceeds from the sale are primarily intended to be used for the partial repayment of borrowings under the Notes Purchase Agreement. The initial disclosures related to this agreement were made on May 9, 2025.

Source: BSE

The Government of India has withdrawn the nomination of Shri Sushil Kumar Singh as Nominee Director from the Board of IDBI Bank, effective September 18, 2025. This announcement confirms that Shri Sushil Kumar Singh ceases to be a Nominee Director of the Bank, as per the communication received on this date. The bank has officially recorded this change.

Board of Directors Update

IDBI Bank has announced a change concerning its Board of Directors. Effective September 18, 2025, Shri Sushil Kumar Singh’s nomination as a Nominee Director has been withdrawn.

Details of the Change

The decision to withdraw the nomination of Shri Sushil Kumar Singh was communicated via a letter from the Government of India. As a result, Shri Singh will no longer serve as a Nominee Director on the Board of IDBI Bank, with effect from September 18, 2025. The bank has duly recorded this change to ensure compliance.

Source: BSE

Aster DM Healthcare has submitted its monthly report for August 2025 regarding the special window for re-lodgement of shares. The report, in compliance with SEBI circular guidelines, confirms that there were no requests received, processed, approved, or rejected during the reporting period. The report pertains to physical share transfer requests handled by MUFG Intime India Private Limited, the Registrar and Share Transfer Agent (RTA) for the company.

August 2025 Share Re-Lodgement Summary

Aster DM Healthcare confirms the submission of its monthly report concerning the special window for re-lodgement of shares, specifically for the month of August 2025.

Key Highlights

The report indicates the following for the month of August 2025:

• No. of requests received during the month: Nil
• No. of requests processed during the month: Nil
• No. of requests approved: Nil
• No. of requests rejected: Nil
• Average time taken for processing of requests (days): NA

This report reflects the company’s adherence to regulatory requirements regarding the re-lodgement of physical share transfer requests. These requests are managed through their appointed Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited.

Source: BSE