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Schneider Electric: Suparna Banerjee Bhattacharyya Resigns as CFO

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Schneider Electric Infrastructure Limited announced the resignation of Suparna Banerjee Bhattacharyya from her position as Chief Financial Officer (CFO), effective at the close of business hours on September 15, 2025. Ms. Bhattacharyya has confirmed that there are no material reasons for her resignation other than to pursue a career opportunity outside the organization.

CFO Departure

Suparna Banerjee Bhattacharyya has resigned from her position as Chief Financial Officer of Schneider Electric Infrastructure Limited, according to a company announcement released on September 16, 2025. The resignation is effective from the close of business hours on September 15, 2025.

Details of Resignation

The company stated that Ms. Bhattacharyya’s resignation is due to her pursuit of a career opportunity outside the company. The company has received a copy of her resignation letter and confirmed that there are no other undisclosed reasons for her departure. The company previously announced her upcoming resignation on August 28, 2025.

Source: BSE

Godawari Power & Ispat: Clarification on Volume Movement and Key Updates

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Godawari Power & Ispat Limited (GPIL) addressed queries regarding recent volume increases, attributing it to market dynamics. The company highlighted previous announcements, including dividend approval on May 20, 2025, capacity expansions, subsidiary incorporation, mining resumption, and environmental clearances. A scheme of amalgamation and further investments in Godawari New Energy Pvt Ltd (GNEPL) were also noted. GPIL states they have no control over the share movement.

Response to Volume Increase Inquiry

Godawari Power & Ispat Limited (GPIL) has responded to an inquiry regarding recent increases in trading volume. The company stated the share price movement is purely market-driven, and GPIL has no specific knowledge of the underlying reasons. The company emphasizes its commitment to timely and accurate disclosures.

Key Announcements & Updates

The company references several prior announcements that may be relevant to investor interest:

  • Corporate Action – Board approves Dividend on May 20, 2025
  • Capacity Expansion Intimation on May 20, 2025
  • Subsidiary Incorporation (Godawari Education and Research Foundation) on May 20, 2025
  • Mining Operations Resumption on May 27, 2025
  • Steel Billets Approval by Power Grid Corporation of India Ltd on July 3, 2025
  • Environmental Clearance Receipt on July 16, 2025 for Integrated Steel Plant.
  • Scheme of Amalgamation of Godawari Energy Limited on August 5, 2025
  • Capacity Expansion for 7,00,000 MTPA Cold Rolling Mill on August 5, 2025
  • Updates Regarding Further Investment in Godawari New Energy Pvt Ltd (GNEPL) on August 5, 2025
  • Battery Energy Storage System Plant approval for 10 Gwh capacity on August 5, 2025

Battery Energy Storage System Plant

The company approved the setting up of a Battery Energy Storage System Plant with an initial capacity of 10 Gwh through its Wholly Owned Subsidiary Godawari New Energy Pvt Ltd (GNEPL) on August 5, 2025.

Upcoming Board Meeting

A board meeting is scheduled for September 18, 2025, to address fund raising.

Source: BSE

ITI Limited: Clarification on Volume Movement

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ITI Limited has issued a statement addressing recent volume movement in the company’s shares. The company confirms it complies with disclosure norms and is unaware of any pending events affecting its share price or volume. ITI Limited states that its share prices are market-driven and the company is not responsible for market fluctuations.

Volume Movement Clarification

ITI Limited has released a statement regarding recent trading activity and volume changes in its shares. The company confirms it adheres to all required disclosure protocols.

Company Stance

ITI Limited asserts that as of September 16, 2025, no undisclosed events or matters are pending that would impact the company’s stock performance. Any price or volume behavior is attributed to market dynamics. The company maintains that the volume of shares traded and associated share prices are based on market conditions.

ITI Limited states it is not responsible for any increase or fall in volume or share price due to market conditions.

Source: BSE

UCO Bank: Rajendra Kumar Saboo’s Tenure Extended as Executive Director

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UCO Bank has announced the extension of Shri Rajendra Kumar Saboo’s tenure as Executive Director. The extension is for a further period of three years beyond his currently notified term ending on November 20, 2025, or until further orders, whichever is earlier. This decision was communicated in a notification dated September 15, 2025.

Executive Director’s Term Extended

UCO Bank has extended the tenure of Shri Rajendra Kumar Saboo as Executive Director. The new term extends beyond his existing tenure, set to end on November 20, 2025.

Extension Details

The extension grants Shri Rajendra Kumar Saboo an additional three years in his role, effective from November 20, 2025, or until further notice. The decision was formalized on September 15, 2025.

Source: BSE

Mastek: Recognized with ‘Voice of the Customer Honor’ at Everest Group

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Mastek has been honored with the ‘Voice of the Customer Honor – Value Excellence’ recognition at the Everest Group Elevate Honors™ 2025. The recognition is based on feedback from over 400 customers and highlights Mastek’s commitment to delivering high-impact value through customer service, client management, and proactive engagement. This award reflects Mastek’s collaborative partnerships and its focus on strategic results.

Recognition for Customer Excellence

Mastek (NSE: MASTEK; BSE: 523704) announced it has been honored with the ‘Voice of the Customer Honor – Value Excellence’ at the Everest Group Elevate Honors™ 2025. This acknowledgment highlights Mastek’s commitment to delivering substantial value and superior service in the digital engineering and cloud transformation domain.

Basis of the Honor

The recognition was awarded based on feedback from over 400 customers. The data indicated Mastek achieved high scores for customer service excellence, effective client management, ease of doing business, and proactive engagement. Everest Group, a prominent global research firm, conducted the evaluation.

Strategic Impact and Innovation

Mastek’s collaborative approach to partnerships, innovation, and alignment with strategic business priorities has been vital in securing this honor. The ‘Voice of the Customer Honor – Value Excellence’ acknowledges Mastek’s history of producing significant results through outcome-driven business impact and expediting value realization in customer engagements.

Executive Perspective

Ronak Doshi, Partner, Everest Group, stated that the Elevate Honors recognitions are based on independent, fact-based, analyst-driven research. He added that Mastek was to be congratulated on winning the award.

Umang Nahata, CEO of Mastek, expressed pride in receiving this recognition from Everest Group, reflecting the trust customers place in Mastek and validating their client-centric approach.

Mastek’s Capabilities

With operations in over 40 countries, Mastek provides services leveraging capabilities in AI, Data & Analytics, cloud, and digital engineering. These services enable organizations to streamline revenue streams, optimize operational volumes, and explore new business opportunities. Partnerships with Oracle, AWS, Microsoft, Snowflake, and Salesforce further enhance Mastek’s capabilities in modernizing core systems, enhancing talent collaboration, and scaling growth.

Everest Group’s Elevate Honors

The Everest Group’s Elevate Honors™ award program aims to spotlight leading service and technology providers. The assessment process is based on independent, fact-based research and proprietary data across various recognition categories.

Source: BSE

Bharti Airtel: Receives Penalty Notice for Subscriber Verification Non-Compliance

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Bharti Airtel has received a notice from the Department of Telecommunications (DoT) regarding non-compliance with subscriber verification norms. The DoT imposed a penalty of ₹2,13,000 following a Customer Application Form (CAF) audit conducted in July 2025. The company has opted to pay the penalty without contest. The penalty relates to an alleged violation of subscriber verification norms.

Penalty Imposed by DoT

Bharti Airtel has received a penalty notice from the Department of Telecommunications (DoT), Karnataka LSA, concerning alleged lapses in subscriber verification processes. The notice, dated September 15, 2025, involves a penalty of ₹2,13,000.

Details of the Non-Compliance

The penalty was levied following a Customer Application Form (CAF) audit conducted by the DoT in July 2025. The audit revealed alleged violations of subscriber verification norms as stipulated under the License Agreement. Bharti Airtel is required to ensure proper verification of customers before enrollment, according to DoT guidelines.

Company’s Response

Bharti Airtel has decided not to contest the penalty and will proceed with payment. The maximum financial impact is limited to the penalty amount of ₹2,13,000.

Source: BSE

Metropolis Healthcare: Establishes Wholly Owned Subsidiary, Metropolis Quality Solutions

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Metropolis Healthcare has incorporated a wholly-owned subsidiary, Metropolis Quality Solutions Private Limited, effective September 15, 2025. The new entity will focus on developing technology-driven products and services in the healthcare sector, aligning with Metropolis’s strategy to expand its offerings and leverage technological advancements. The initial capital subscription was made in cash, with 10,000 equity shares subscribed.

Subsidiary Incorporation

Metropolis Healthcare Limited announced the incorporation of a new wholly-owned subsidiary named Metropolis Quality Solutions Private Limited. The incorporation was effective from September 15, 2025.

Business Focus

The new subsidiary will focus on developing and dealing in technology-driven products and services within the healthcare sector. Metropolis Quality Solutions Private Limited aligns with Metropolis Healthcare’s strategic objective of innovating and expanding its range of services through technological advancements.

Investment Details

The initial capital subscription for Metropolis Quality Solutions Private Limited was made in cash. Metropolis Healthcare subscribed to 10,000 equity shares, each with a face value of INR 10. This constitutes 100% shareholding and control by Metropolis Healthcare Limited.

Source: BSE

Bajaj Housing Finance: Allotment of Secured NCDs on Private Placement Basis

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Bajaj Housing Finance has allotted 1,00,000 secured redeemable non-convertible debentures (NCDs) on a private placement basis, aggregating to ₹1000.0861 crore. Each NCD has a face value of ₹1,00,000. The debentures, bearing ISIN INE377Y07607, are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The allotment date is September 16, 2025, with a maturity date of October 16, 2028.

NCD Allotment Details

Bajaj Housing Finance has successfully allotted 1,00,000 secured redeemable non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹1000.0861 crore. This allotment was executed on a private placement basis, as confirmed on September 16, 2025. The ISIN for these debentures is INE377Y07607.

Listing and Market Segment

The company intends to list the debentures on the Wholesale Debt Market Segment of the BSE Limited, enhancing their accessibility and tradability for investors.

Key Dates and Coupon Rate

The NCDs were allotted on September 16, 2025, and they will mature on October 16, 2028. The coupon/interest rate offered is 7.10% per annum. The first interest payment is scheduled for October 16, 2025, with subsequent payments occurring annually thereafter.

Payment Schedule

The payment schedule for coupon/interest and principal is as follows:

  • 1st interest payment: October 16, 2025
  • 2nd interest payment: October 16, 2026
  • 3rd interest payment: October 16, 2027
  • 4th interest payment & principal repayment: October 16, 2028

Security and Charge

The debentures’ repayment, along with interest and trustee remuneration, is secured by a first pari-passu charge on book debts/loan receivables. The security cover is equivalent to 1.00 time the aggregate outstanding value of the issued debentures.

Source: BSE

Shree Cement: Board to Approve Un-audited Financial Results on October 28, 2025

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The Board of Directors of Shree Cement will meet on October 28, 2025, to consider and approve the un-audited standalone and consolidated financial results for the Quarter and Half Year ending on September 30, 2025. The trading window for dealing in the company’s securities will be closed from October 1, 2025, until 48 hours after the announcement of the financial results, concluding on October 30, 2025.

Board Meeting for Financial Results

Shree Cement has announced that a meeting of its Board of Directors is scheduled for Tuesday, October 28, 2025. The primary agenda of the meeting is to review and approve the un-audited standalone and consolidated financial results for the Quarter and Half Year concluding on September 30, 2025.

Trading Window Closure

In line with company policy and regulations regarding insider trading, Shree Cement has declared a closure of the trading window. This restriction applies to designated persons and their immediate relatives. The trading window will be closed starting from October 1, 2025, and will remain shut until 48 hours following the public announcement of the financial results. This closure is expected to last until October 30, 2025.

Source: BSE

Ola Electric: Achieves 1 Million Production Milestone

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Ola Electric has achieved a significant milestone, becoming India’s first pure-play EV company to reach 1 million in production. To celebrate, they’ve launched a special edition Roadster X+ in midnight blue with sporty red accents. The company also announced its 4680 Bharat Cell integrated vehicles, starting with the S1 Pro+ and Roadster X+, with deliveries beginning this Navratri.

Ola Electric Reaches Production Milestone

Ola Electric has achieved a major milestone, rolling out its one-millionth vehicle from its Futurefactory in Krishnagiri, Tamil Nadu. This makes Ola Electric the first pure-play EV company in India to achieve this feat. Production started in 2021, and this milestone was reached in under four years.

Special Edition Roadster X+ Launched

To commemorate this milestone, Ola Electric has launched a special edition Roadster X+ in a midnight blue color with sporty red accents across the seat, rims, and battery pack. This special edition highlights the company’s commitment to innovation and design.

New Vehicle Announcements

At the company’s annual ‘Sankalp’ event, Ola Electric announced its 4680 Bharat Cell integrated vehicles. The vehicles will start with the S1 Pro+ 5.2 kWh and Roadster X+ 9.1 kWh models, priced at ₹1,69,999 and ₹1,89,999 respectively. Deliveries are scheduled to begin this Navratri. Ola Electric also announced its entry into the sports scooter category with the all-new S1 Pro Sport with 5.2kWh and 4kWh battery packs, starting at an introductory price of ₹1,49,999, with deliveries starting in January 2026.

Commitment to Sustainability

The special edition Roadster X+ features badges crafted from recycled copper waste and electroplated bar ends, highlighting Ola’s commitment to recyclability and sustainable practices.

Source: BSE