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Bank of Maharashtra: Interest Payment on Bonds (ISIN: INE457A08142)

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Bank of Maharashtra has announced the payment of annual interest on its bonds, specifically those with ISIN INE457A08142. The interest payment, amounting to Rs 41,09,70,000, was made on September 18, 2025, and covers obligations under BASEL III Compliant Tier-II Bonds. The interest payment frequency is annual.

Interest Payment Details

Bank of Maharashtra confirmed the payment of interest on its bonds with ISIN INE457A08142 on September 18, 2025. The total interest paid amounts to Rs 41,09,70,000. This payment pertains to BASEL III Compliant Tier-II Bonds.

Key Information

Here’s a breakdown of the details regarding the interest payment:

  • ISIN: INE457A08142
  • Issue Size: Rs 515 crore
  • Interest Amount Paid: Rs 41,09,70,000
  • Due Date: September 18, 2025
  • Actual Payment Date: September 18, 2025
  • Interest Payment Frequency: Annually
  • Last Interest Payment Date: September 17, 2024* (*Note: Interest payment was made on the previous working day as September 18, 2024 was a bank holiday.)

Source: BSE

Tata Consumer Products: Clarification on Volume Increase in Shares

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Tata Consumer Products has addressed concerns regarding a recent increase in share volume. The company stated that they have consistently made timely and adequate disclosures of all relevant information that could impact performance. As of September 18, 2025, the company confirms there is no undisclosed information that could influence the price/volume behavior of its shares.

Response to Volume Increase Inquiry

Tata Consumer Products has issued a clarification concerning the recent increase in the trading volume of its shares. This response was made to address inquiries regarding potential undisclosed information.

Statement on Information Disclosure

The company maintains that it has consistently provided timely and sufficient disclosures regarding all material information and events affecting its operations. These disclosures adhere to the prescribed regulations.

Confirmation of No Undisclosed Information

As of September 18, 2025, Tata Consumer Products confirms that there is no undisclosed announcement or event that could affect the price or volume activity of the company’s securities. All relevant information has been disclosed to the stock exchanges.

Source: BSE

Autoline Industries: To Sell Stake in Subsidiary Company

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Autoline Industries announced that they will sell their remaining stake in Autoline Industrial Parks Limited (AIPL) to MNSC Realty & Developers Pvt. Ltd. An amendment to the original Share Purchase Agreement (SPA) extends the payment schedule to October 30, 2025. The company expects to complete the sale of its 44.78% equity stake by this date.

Stake Divestment in AIPL

Autoline Industries is proceeding with the sale of its remaining stake in Autoline Industrial Parks Limited (AIPL) to MNSC Realty & Developers Pvt. Ltd. This includes a 44.78% equity stake held by Autoline Industries and its subsidiary, Autoline Design Software Ltd. (ADSL).

Revised Agreement Terms

A Supplemental Agreement, as Amendment No. 1, was executed on September 18, 2025, modifying the payment terms. The new deadline for completing the consideration payment has been extended to October 30, 2025.

Consideration Details and Timelines

As of the report on November 11, 2024, Autoline Industries had received ₹84,50,00,000, while ADSL received ₹3,00,00,000 towards the total consideration. The total consideration amount for the Company is Rs. 95,16,62,991 and for ADSL (WOS) is Rs. 3,33,37,009.

Impact on Company Structure

Following this transaction, AIPL will no longer be considered a material subsidiary but will be an associate company of Autoline Industries, effective April 15, 2025.

Source: BSE

3M India: Furnishing PAN and KYC Details for Physical Shareholders

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3M India is requesting shareholders holding physical shares to update their PAN, KYC, and Nomination details. This is in accordance with SEBI’s circulars dated May 07, 2024, and June 10, 2024. Shareholders must provide the necessary information to KFin Technologies Limited to ensure seamless processing of dividends and other corporate benefits. Failure to comply may result in withheld payments.

KYC Compliance for Physical Shareholders

3M India is urging its shareholders who hold physical shares to furnish their PAN, KYC, and Nomination details as per SEBI’s regulations. These details need to be updated with the Registrar and Transfer Agent (RTA), KFin Technologies Limited.

Mandatory Details and Deadline

Shareholders are required to update the following details:

  • PAN
  • KYC information
  • Nomination details

Shareholders yet to comply with all KYC requirements, should consider this letter an intimation for payment that is due. Dividend for FY 2024-25 payable against their holding is withheld and shall be released immediately after updation of KYC detailed.

How to Update Your Details

Physical shareholders should furnish their details to KFin Technologies Limited. Contact details for KFin Technologies Limited are as follows:

KFin Technologies Limited, Unit: 3M India Limited
‘Selenium’, Tower B, Plot No. 31 & 32 Financial District,
Gachibowli, Hyderabad, Telangana, 500 032.
Email ID: [email protected]

Important Links

Prescribed forms can be downloaded from the 3M India website: 3M India Investor Relations

Forms are also available on the KFin Technologies website: KFin Technologies – ISR Forms

Source: BSE

Maruti Suzuki: Reduces Automobile Prices Due to GST Revision

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Maruti Suzuki India Limited will pass on the full benefit of the recent reduction in GST rates on automobiles to customers, effective September 22, 2025. This price reduction aims to stimulate the Indian Passenger Vehicle Industry, with model-wise reductions in ex-showroom prices.

Price Reductions Effective September 22, 2025

Maruti Suzuki India Limited has announced a reduction in automobile prices following the revision in Goods and Services Tax (GST) rates. The company will pass on the full benefit of this reduction to its customers, effective September 22, 2025.

Model-Wise Price Reductions

The following table details the reduction in ex-showroom prices for various Maruti Suzuki models:

Model Reduction in Ex-Showroom Price (in INR) Starting Price (in INR)
S-Presso Up to 129,600 349,900
Alto K10 Up to 107,600 369,900
Celerio Up to 94,100 469,900
Wagon-R Up to 79,600 498,900
Ignis Up to 71,300 535,100
Swift Up to 84,600 578,900
Baleno Up to 86,100 598,900
Tour S Up to 67,200 623,800
Dzire Up to 87,700 625,600
Fronx Up to 112,600 684,900
Brezza Up to 112,700 825,900
Grand Vitara Up to 107,000 1,076,500
Jimny Up to 51,900 1,231,500
Ertiga Up to 46,400 880,000
XL6 Up to 52,000 1,152,300
Invicto Up to 61,700 2,497,400
Eeco Up to 68,000 518,100
Super Carry Up to 52,100 506,100

Source: BSE

Tata Steel: Management Changes Announced – Uttam Singh and Sudhir Mehta

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Tata Steel has announced changes in its senior management personnel. Mr. Uttam Singh is re-designated as Vice President Operations (Tata Steel Kalinganagar) effective December 1, 2025. Mr. Sudhir Mehta is appointed as Vice President Operations (Tata Steel Meramandali), effective December 1, 2025, after serving as Designate from November 15, 2025.

Senior Leadership Reassignments

Tata Steel has announced strategic changes within its senior management team, involving key leadership positions at its Kalinganagar and Meramandali operations. The changes aim to optimize operational efficiency and leverage the expertise of its senior executives.

Uttam Singh’s New Role

Mr. Uttam Singh, previously Vice President Operations (Tata Steel Meramandali), will be taking on a new role as Vice President Operations (Tata Steel Kalinganagar). This re-designation will be effective from December 1, 2025. Mr. Singh brings extensive experience in blast furnace technology and operations. He graduated in Metallurgical Engineering from IIT BHU in 1992. He was awarded the “2014 TSL New Millennium Award”.

Sudhir Mehta’s Appointment

In light of Mr. Singh’s transition, Mr. Sudhir Mehta has been appointed as Vice President Operations (Tata Steel Meramandali). Mr. Mehta’s appointment will be effective December 1, 2025, prior to which he will serve as Designate from November 15, 2025. Mr. Mehta joined Tata Steel as a Graduate Trainee in 1998. Currently, he is the Managing Director of NINL since July 2022.

Source: BSE

YES BANK: Sumitomo Mitsui Banking Corporation Completes 20% Stake Acquisition

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Sumitomo Mitsui Banking Corporation (SMBC) has completed its acquisition of a 20% stake in YES BANK, making it the largest shareholder. This was achieved through a secondary share purchase from State Bank of India (SBI) and other investors. This investment marks the largest cross-border investment in an Indian private sector bank. YES Bank is now rated AA- across all four domestic agencies, its highest rating since March 2020.

SMBC Becomes Largest Shareholder

Sumitomo Mitsui Banking Corporation (SMBC) has successfully acquired a 20% shareholding in YES BANK. The acquisition was completed via a secondary purchase of shares from the State Bank of India (SBI) and other bank investors involved in the March 2020 Reconstruction Scheme. This transaction positions SMBC as YES BANK’s largest shareholder, while SBI remains a major shareholder with over 10% holding.

Governance and Collaboration

With the completion of this deal, two SMBC nominee directors have joined YES Bank’s Board, which will strengthen governance and create a platform for deeper strategic collaboration.

Strategic Advantages

YES BANK is positioned to capitalize on its transformative phase, backed by SMBC and SBI. SMBC, part of Sumitomo Mitsui Financial Group (SMFG), has a global balance sheet of approximately USD 2 Trillion. SBI, India’s largest bank, brings trust and stability. Both reinforce YES Bank’s credibility, governance, and growth potential.

Future Growth

YES BANK intends to leverage SMBC’s global strengths to facilitate Japan-India trade and investment, particularly in corporate banking, treasury services, and cross-border solutions.

Rating Upgrade

YES Bank is now rated AA- across all four domestic credit rating agencies (CRISIL, ICRA, India Ratings, and CARE), marking its highest level since March 2020. These upgrades reflect the bank’s strengthened capital position, robust governance, and improved business performance.

Source: BSE

PTC Industries: Aerolloy Commissions State-of-the-Art Vacuum Arc Remelting Furnace

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Aerolloy Technologies, a wholly-owned subsidiary of PTC Industries Limited, has commissioned its state-of-the-art Vacuum Arc Remelting (VAR) 400 Furnace. This positions Aerolloy as one of only two companies globally capable of manufacturing large investment castings in both Titanium alloys and Superalloys. The new facility enhances India’s self-reliance in aerospace material and boosts export potential.

Advanced Manufacturing Capability

Aerolloy Technologies Limited has successfully installed and commissioned a state-of-the-art Vacuum Arc Remelting (VAR) 400 Furnace at its Aerospace Precision Castings Plant within the Strategic Materials Technology Complex (SMTC) in Lucknow.

Global Market Position

With this commissioning, Aerolloy now has the capability to manufacture some of the largest Titanium castings in the world. This specialized capability is critical for next-generation aeroengines and defense platforms and is held by only a very limited number of companies worldwide. Aerolloy is now one of only two companies globally capable of manufacturing large investment castings in both Titanium alloys and Superalloys.

Strategic Applications and Market Opportunity

Large Titanium and Superalloy castings are critical for aeroengines, industrial gas turbines, and advanced aerospace, defence, space, and strategic platforms. The global aerospace-grade Titanium and Superalloy Casting market is in billions of dollars annually, with strong growth projected due to rising aerospace and defence demand.

Integrated Supply Chain

PTC and Aerolloy now provide one of the most integrated supply chains globally, from alloys and materials to large near-net-shape precision castings, creating efficiency, supply chain security, and long-term growth potential.

National Significance

This strengthens India’s self-reliance and export potential in high-performance aerospace materials, reducing dependency on imported strategic inputs.

Comments from Leadership

Mr. Sachin Agarwal, Chairman and Managing Director of PTC Industries, stated: “The commissioning of the large Vacuum Arc Remelting furnace is a strategic milestone for Aerolloy and PTC Industries. With this facility, Aerolloy can now manufacture large Titanium castings required for the most demanding civil and military aeroengine applications, as well as for advanced defence and space platforms.”

Impact of VIM Furnace

Following the recent commissioning of a large Vacuum Induction Melting (VIM) furnace for Superalloy castings, Aerolloy has become one of the two companies in the world with the ability to manufacture large investment castings in both Titanium alloys and Superalloys. These castings are vital for components in aeroengines and industrial gas turbines, as well as in aircraft, submarines, ultra-light artillery systems, strategic defence systems, and space applications.

Strategic and Market Impact

The commissioning of the VAR furnace further strengthens Aerolloy’s strategy of building globally rare and highly integrated capabilities. Combined with the VIM facility, Aerolloy and PTC now cover the complete chain—from Titanium alloy and superalloy materials to some of the largest investment castings for the most demanding applications.

This integration is expected to create efficiency, cost competitiveness, and supply chain resilience for global customers, while significantly enhancing India’s aerospace and defence ecosystem.

Source: BSE

Godawari Power & Ispat: Board Approves Issuance of Warrants

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The Board of Directors of Godawari Power & Ispat Limited has approved the issuance of up to 2,04,08,220 warrants at a price of ₹245 per warrant. Each warrant is convertible into one fully paid-up equity share. The issuance aims to raise up to ₹500,00,13,900 through a preferential issue to promoters and other identified non-promoters. An Extraordinary General Meeting will be convened on October 15, 2025, to seek shareholder approval.

Warrant Issuance Approved

Godawari Power and Ispat Limited’s Board has approved the issuance of up to 2,04,08,220 warrants. These warrants will be offered at a price of ₹245 each. The decision was made during a board meeting held on September 18, 2025.

Details of the Warrant Issue

Each warrant can be converted into one fully paid-up equity share of the company. The face value of each share is ₹1. The preferential issue aims to raise up to ₹5,00,00,13,900.

The warrants are being offered to promoters, members of the promoter group, and other identified non-promoters.

Extraordinary General Meeting

The company will convene an Extraordinary General Meeting (EGM) on October 15, 2025, at 11:30 A.M to seek shareholder approval for the warrant issuance. The meeting will be held through video conferencing or other audio-visual means.

Shareholding Details

Here’s a summary of the shareholding changes after the preferential issue:

  • Mrs. Sarita Agrawal: Pre-issue: 1.05%, Post-issue: 1.62%
  • Mr. Dinesh Agrawal: Pre-issue: 3.63%, Post-issue: 3.70%
  • Mr. Kumar Agrawal: Pre-issue: 3.31%, Post-issue: 3.54%
  • Hanuman Prasad Agrawal (HUF): Pre-issue: 0.14%, Post-issue: 0.46%
  • Mr. Sanjay Gupta: Pre-issue: 0.05%, Post-issue: 0.11%
  • Shree Nakoda Pipes Impex Private Limited: Pre-issue: 0%, Post-issue: 0.30%
  • Meridian Realtech Private Limited: Pre-issue: 0%, Post-issue: 1.18%

Overall, the Promoter and Promoter Group will hold 63.05% of the company post-issuance, while the Public will hold 36.95%.

Important Dates

  • Board Meeting Approval: September 18, 2025
  • Extraordinary General Meeting: October 15, 2025

Warrant Conversion

The warrants can be converted into equity shares within a period of 18 months from the date of allotment.

Source: BSE

Godawari Power & Ispat: Board Approves Issuance of Warrants

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Godawari Power & Ispat (GPIL) has announced that its Board of Directors approved the issuance of up to 2,04,08,220 warrants at a price of ₹245 per warrant. Each warrant is convertible into one equity share. The preferential issue aims to raise up to ₹5,00,00,13,900 and will be offered to promoters, promoter group members, and identified non-promoters.

Warrant Issuance Approval

The Board of Directors of Godawari Power and Ispat Limited (GPIL) has approved the issuance of up to 2,04,08,220 warrants. This decision was made during a meeting held on September 18, 2025.

Details of the Warrant Issuance

The warrants will be issued at a price of ₹245 per warrant. Each warrant is convertible into one fully paid-up equity share of the company. The face value of each share is ₹1, with a premium of ₹244 per share. The total amount to be raised through this issuance is up to ₹5,00,00,13,900.

Preferential Allotment

The warrants will be issued on a preferential basis through private placement to the promoters and/or members of the promoter’s group, as well as other identified non-promoters. The issuance is subject to the approval of the shareholders at an Extraordinary General Meeting (EGM).

Extraordinary General Meeting

An Extraordinary General Meeting (EGM) is scheduled for October 15, 2025, at 11:30 A.M. The meeting will be conducted via video conferencing or other audio-visual means. The purpose of the EGM is to seek shareholder approval for the preferential issue.

Details of Shareholding

Here is how the shareholding will be structured before and after the preferential issue:

Mrs. Sarita Agrawal: Pre-Issue: 1.05% Post-Issue: 1.62%

Mr. Dinesh Agrawal: Pre-Issue: 3.63% Post-Issue: 3.70%

Mr. Kumar Agrawal: Pre-Issue: 3.31% Post-Issue: 3.54%

Hanuman Prasad Agrawal (HUF): Pre-Issue: 0.14% Post-Issue: 0.46%

Mr. Sanjay Gupta: Pre-Issue: 0.05% Post-Issue: 0.11%

The warrants can be converted into equity shares within 18 months from the date of allotment.

Source: BSE