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CEAT: Assigned ‘Adequate’ ESG Score of 60

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CEAT has been assigned an overall ESG score of 60, placing it in the ‘Adequate’ category. This assessment, conducted by ESG Risk Assessments and Insights Limited, is based on the company’s disclosures. This score reflects CEAT’s commitment to environmental, social, and governance practices, and its alignment with sustainability standards.

ESG Rating Update

CEAT has received an Environmental, Social, and Governance (ESG) score of 60, as evaluated by ESG Risk Assessments and Insights Limited. This score places the company within the ‘Adequate’ category.

The assignment of this ESG score reflects CEAT’s performance and transparency in its environmental, social, and governance practices. This achievement aligns with CEAT’s ongoing efforts to integrate sustainability into its operations and business strategy.

Implications of the Rating

The ‘Adequate’ ESG score demonstrates CEAT’s commitment to responsible corporate citizenship. This score may influence investor perceptions and stakeholders’ confidence in the company’s long-term sustainability and ethical conduct.

Source: BSE

Swan Corp: Board Appoints New Independent Director and Company Secretary

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Swan Corp has announced the appointment of Ms. Shanaya Manish Munot as an Additional Independent Women Director and Mr. Bhushan Kishor Joshi as Company Secretary and Compliance Officer, both effective September 16, 2025. Ms. Munot brings extensive experience in technology, insurance, and social welfare. Mr. Joshi has over 10 years of corporate law and compliance experience, strengthening the company’s governance structure.

Board Strengthens Leadership Team

Swan Corp’s Board of Directors has approved the appointments of key personnel to bolster its leadership and governance.

Appointment of Ms. Shanaya Manish Munot

Ms. Shanaya Manish Munot has been appointed as an Additional Independent Women Director, effective September 16, 2025. Her term is set for 5 years, concluding on September 15, 2030, subject to shareholder approval.

Ms. Munot is the Founder & CEO of BhoomiSure. She brings experience in technology, insurance, and social welfare. She previously worked as an Investment Banker at UBS in EMEA and holds a Bachelor of Science in Foreign Service from Georgetown University.

Appointment of Mr. Bhushan Kishor Joshi

Mr. Bhushan Kishor Joshi has been appointed as Company Secretary and Compliance Officer, also effective September 16, 2025. He will also serve as a Key Managerial Personnel for the company.

Mr. Joshi is a Commerce Graduate and an Associate Member of the Institute of Company Secretaries of India (ICSI), with over 10 years of corporate experience in corporate laws and compliances.

Source: BSE

NLC India: Receives Letter of Intent for Chhattisgarh Mining Blocks

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NLC India has received a Letter of Intent (LoI) from the Government of Chhattisgarh for the development of Semhardih Phosphorite & Limestone Block and Raipura Phosphorite & Limestone Block of Balod, Chhattisgarh. This development marks a significant step in NLC India’s strategic expansion and diversification into new mining areas, bolstering its resource portfolio and supporting future growth initiatives.

Chhattisgarh Mining Expansion

NLC India has been granted a Letter of Intent (LoI) by the Government of Chhattisgarh for key mining blocks. The two blocks are the Semhardih Phosphorite & Limestone Block and Raipura Phosphorite & Limestone Block, both located in Balod, Chhattisgarh. This is a significant move for the company as it expands its mining footprint.

Future Implications

The acquisition of these blocks is expected to enhance NLC India’s resource base and contribute to its long-term growth strategy. With these new blocks, NLC India is positioned to strengthen its presence in the region. This development supports the company’s efforts to secure resources and expand its operations in the mining sector.

Source: BSE

RailTel: Senior Management Change – Cessation of PED/HR

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RailTel Corporation of India announces that Mrs. Sunita Singh, PED/HR, has been repatriated to her parent cadre upon completion of her deputation tenure. Consequently, she ceased to be part of the Senior Management of the Company, effective September 16, 2025. No relationships between directors were disclosed in this change.

Management Transition

RailTel Corporation of India has announced a change in its senior management. Effective September 16, 2025, Mrs. Sunita Singh, who held the position of PED/HR, is no longer part of the senior management team.

Reason for Cessation

The cessation of Mrs. Sunita Singh’s role as PED/HR is due to her repatriation to her parent cadre after the completion of her deputation tenure with RailTel. This change is effective as of September 16, 2025.

Additional Information

There are no reported disclosures of relationships between directors associated with this management change. The company has stated that information is not applicable in this scenario.

Source: BSE

RailTel: Secures Major Order from Bihar Education Infrastructure Corp

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RailTel has received a Letter of Acceptance (LOA) from Bihar State Educational Infrastructure Development Corporation Limited for a significant order. The estimated size of the order is ₹57,48,88,000. The project involves the development of hybrid Smart Classrooms and ICT Labs in various educational institutions across Bihar. The project is expected to be completed by March 16, 2026.

Major Order Secured

RailTel Corporation of India Ltd. has secured a major order from Bihar State Educational Infrastructure Development Corporation Limited. The official Letter of Acceptance (LOA) was received on September 16, 2025.

Project Details

The project encompasses the development of hybrid Smart Classrooms and ICT Labs in different Colleges and Universities in Bihar, under the PM-USHA Scheme. The estimated size of the order, as per the LOA, is ₹57,48,88,000.

Project Timeline

The time period for executing the order/contract is until March 16, 2026.

Source: BSE

Amber Enterprises India: Approves QIP Issue with Floor Price at ₹7,790.88

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Amber Enterprises India has announced the approval for a Qualified Institutions Placement (QIP) issue of equity shares. The Fund Raising Committee approved the opening of the issue on September 16, 2025. The floor price for the issue has been set at ₹7,790.88 per equity share. The company may offer a discount of up to 5% on the floor price. The proceeds will be used for corporate purposes and growth initiatives.

QIP Issue Launch

Amber Enterprises India’s Board has approved the launch of a Qualified Institutions Placement (QIP) issue of equity shares. The decision was made during a meeting of the Fund Raising Committee held on September 16, 2025. This follows prior approvals from the Board of Directors on July 12, 2025, and shareholders on August 11, 2025.

Key Terms of the Issue

The floor price for the QIP issue has been set at ₹7,790.88 per equity share. This price is based on the pricing formula prescribed under the SEBI ICDR Regulations. Amber Enterprises may offer a discount of up to 5% on this floor price at its discretion. The ‘Relevant Date’ for the purpose of the issue is September 16, 2025.

Related Documentation

The company has approved and adopted the Preliminary Placement Document (PPD) dated September 16, 2025, in connection with this issue. This document will be filed with the BSE Limited and the National Stock Exchange of India Limited on September 16, 2025.

Trading Window Closure

In line with insider trading regulations, the trading window for dealing in the company’s securities remains closed for all designated persons and their immediate relatives until further notice.

Source: BSE

Capri Loans: Credit Ratings Affirmed and Enhanced

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Capri Loans has received an assigned credit rating of “IVR AA/ Positive” from Infomerics for its enhanced Non-Convertible Debenture (NCD) limit of ₹200 Crore. Ratings on other existing instruments and facilities have been reaffirmed, reflecting a stable outlook. Key facilities, including long term bank facilities and cash credit, are reaffirmed with “IVR AA/ Positive” outlook.

Enhanced Credit Rating for NCDs

Capri Loans has been assigned a credit rating of “IVR AA/ Positive” by Infomerics Valuation and Rating Ltd. for the enhanced Non-Convertible Debenture (NCD) limit of ₹200 Crore. This rating signifies a positive outlook for the company’s financial instruments.

Reaffirmation of Existing Ratings

In addition to the new rating, Infomerics has reaffirmed the ratings for several of Capri Loans’ existing financial instruments and facilities. The reaffirmed ratings maintain the “IVR AA/ Positive” outlook, reflecting the company’s consistent financial performance.

Details of Rated Instruments

The following instruments and facilities have been rated or reaffirmed:

Proposed Non-Convertible Debenture (NCDs) – Public Issue: ₹200.00 Cr (Rating Assigned with IVR AA/ Positive outlook)

Proposed Non-Convertible Debenture (NCDs) – Public Issue: ₹200.00 Cr (increased from ₹180.00 Cr, Rating Reaffirmed with IVR AA/ Positive outlook)

Non-Convertible Debenture (NCDs): ₹320.00 Cr (increased from ₹170.00 Cr, Rating Reaffirmed with IVR AA/ Positive outlook)

Proposed Non-Convertible Debenture (NCDs): ₹180.00 Cr (reduced from ₹350.00 Cr, Rating Reaffirmed with IVR AA/ Positive outlook)

Long Term Bank Facilities – Term Loan: ₹7163.82 Cr (Rating Reaffirmed with IVR AA/ Positive outlook)

Long Term Bank Facilities Proposed Term Loan: ₹336.18 Cr (Rating Reaffirmed with IVR AA/ Positive outlook)

Long Term Bank Facilities – Cash Credit: ₹595.00 Cr (Rating Reaffirmed with IVR AA/ Positive outlook)

Source: BSE

APL Apollo: Appoints Parikh & Associates as Secretarial Auditors

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APL Apollo Tubes Limited has appointed M/s Parikh & Associates as its Secretarial Auditors. The appointment was approved by the members at the 40th Annual General Meeting held on September 15, 2025. Their term will last for 5 consecutive years, concluding at the end of the 45th AGM in 2030. M/s Parikh & Associates is a reputable firm established in 1987.

Secretarial Auditor Appointment

APL Apollo Tubes Limited has officially appointed M/s Parikh & Associates, Company Secretaries, as the Secretarial Auditors for the company. This appointment was endorsed during the 40th Annual General Meeting (AGM) by the members on September 15, 2025.

Appointment Details

M/s Parikh & Associates will serve as the Secretarial Auditors for a tenure of 5 consecutive years. Their term officially commenced following the conclusion of the 40th AGM and will continue until the conclusion of the 45th AGM, which is scheduled to take place in the year 2030.

About Parikh & Associates

Established in 1987, M/s Parikh & Associates is a well-known firm of Practicing Company Secretaries. They have a legacy of excellence, and provide services in Corporate Law, SEBI and FEMA regulations, and other audit services. They have been Peer Reviewed and Quality Reviewed by the Institute of Company Secretaries of India (ICSI).

Source: BSE

Maharashtra Seamless Limited: Competition Commission Inquiry Completed

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Officials from the Competition Commission of India (CCI) conducted an inquiry at Maharashtra Seamless Limited’s New Delhi and Gurgaon offices from September 15th to 16th, 2025. The company has fully cooperated with the authority, providing all necessary information, documentation, and clarification throughout the process. The announcement confirms the conclusion of this inquiry.

Conclusion of CCI Inquiry

Maharashtra Seamless Limited confirms that officials from the Competition Commission of India (CCI) conducted an inquiry at the company’s New Delhi and Gurgaon offices between September 15th and 16th, 2025.

Full Cooperation Provided

The company affirms that it extended full cooperation to the CCI throughout the inquiry. This included providing all necessary information, documentation, and clarifications as requested by the authority. The company considers the matter now concluded.

Source: BSE

Angel One: Incorporates Angel One LivWell Life Insurance Limited

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Angel One Limited has incorporated a new associate company named “Angel One LivWell Life Insurance Limited” on September 11, 2025. This move is in collaboration with LivWell Holding Company Pte. Limited. Angel One will invest approximately INR 1.04 billion to subscribe to 26% of the share capital. This investment allows Angel One to expand in the broader financial services ecosystem.

New Associate Company

Angel One Limited has announced the incorporation of a new associate company, named “Angel One LivWell Life Insurance Limited,” on September 11, 2025. The corporate identification number for the new entity is U65110KA2025FLC208328. The incorporation is a collaboration with LivWell Holding Company Pte. Limited, indicating a strategic move to broaden Angel One’s service offerings.

Strategic Investment

Angel One will invest approximately INR 1.04 billion to subscribe to 26% of the share capital of the new life insurance company. This investment will be made at face value. The investment is subject to approvals.

Industry Expansion

This investment will enable Angel One to expand its presence in the broader financial services ecosystem, complementing its existing business and driving long-term value creation for all stakeholders. The new company will engage in life insurance business in India. It will be an unlisted public company.

Source: BSE