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[Bajaj Housing Finance]: Approves Amendment to Fair Disclosure Code

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Bajaj Housing Finance has announced the approval of an amendment to its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’. The amendment was approved by the Board of Directors on September 15, 2025. The revised code is available on the company’s website, aiming to ensure transparent and equitable dissemination of price-sensitive information.

Fair Disclosure Code Amendment

On September 15, 2025, the Board of Directors of Bajaj Housing Finance approved an amendment to its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’ (the Code).

Availability of the Code

The amended Code is hosted on the company’s website for public access and transparency:

https://www.bajajhousingfinance.in/policies-and-documents

Purpose of the Amendment

The amendment aims to update and reinforce the company’s practices and procedures for ensuring fair and transparent disclosure of unpublished price-sensitive information, aligning with the company’s commitment to maintaining high standards of corporate governance.

Key Aspects of the Code

The Code encompasses several key aspects, including:

  • Ensuring prompt and uniform public disclosure of Unpublished Price Sensitive Information (UPSI).
  • Maintaining a digital database of individuals with whom UPSI is shared.
  • Principles for determining what constitutes a legitimate purpose for sharing information.
  • Processes for sharing UPSI, including confidentiality measures.

Source: BSE

Grasim Industries: LIC Discloses Substantial Acquisition of Shares

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Life Insurance Corporation of India (LIC) has disclosed a substantial acquisition of shares in Grasim Industries. The disclosure, dated September 10, 2025, reveals that LIC now holds more than 5% of the company’s shares. LIC now holds 51,035,206 shares, representing 7.499% of total equity. The acquisitions were made through market purchases.

LIC Increases Stake in Grasim

Life Insurance Corporation of India (LIC) has reported a significant acquisition of shares in Grasim Industries Limited.

Details of Shareholding

Prior to this acquisition, LIC held 64,702,813 shares, amounting to 9.507% of Grasim’s total share/voting capital. Following the acquisition, LIC now holds 51,035,206 shares, representing 7.499% of total share/voting capital.

Transaction Details

The acquisition involved the purchase of 13,667,607 shares, representing 2.008% of the total share/voting capital. These shares were acquired through open market purchases.

Capital Structure

The equity share capital/total voting capital of Grasim Industries before and after the acquisition remains constant at 136,11,61,152.00.

Source: BSE

Bank of Baroda: Participation in Morgan Stanley India Financials Conference

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Bank of Baroda will participate in the Morgan Stanley India Financials Virtual Investor Group Conference on September 18, 2025, from 3:30 pm to 4:20 pm. The conference is a virtual event. A list of investors expected to participate includes names such as 3P Investment Managers, AIA Group, and Tata AIA Life Insurance, among others.

Virtual Investor Conference

Bank of Baroda will be participating in the Morgan Stanley India Financials Virtual Investor Group Conference, a virtual event, on September 18, 2025. The conference is scheduled from 3:30 pm to 4:20 pm.

Participating Investors

The tentative list of investors expected to participate in the meeting/conference is as follows:

  • 3P Investment Managers
  • AIA Group
  • Allianz Global Investors
  • Amova Asset Management
  • Amundi Asset Management
  • APG Investments
  • Balyasny Asset Management
  • BOI Investment Managers
  • Canara HSBC Life Insurance
  • Canara Robeco Asset Management
  • Carrhea Capital
  • Central Asset Investments
  • Chanakya Wealth Creation
  • Citadel International Equities
  • ERBF
  • Fact Capital
  • First Voyager Advisor
  • Franklin Templeton
  • GIC
  • Goldman Sachs Asset Management
  • HDFC Asset Management
  • Highwest Global Management
  • ICICI Prudential Life Insurance
  • ICICI Prudential Mutual Fund
  • India Capital Management
  • Invesco Asset Management
  • Ishana Capital
  • Jain Global
  • Janus Henderson Investors
  • JM Financial
  • K3 Funds
  • Kiwoom Asset Management Asia
  • Kora Management
  • Kotak Life Insurance Company
  • Kotak Mahindra Asset Management
  • Makrana Capital Management
  • Manulife Investment Management
  • Marshall Wace
  • Millennium Partners
  • Moon Capital
  • Nine Masts Capital
  • North Rock Capital Management
  • Oaktree Capital Management
  • Ontario Municipal Employees Retirement System
  • Optimas Capital
  • Oxbow Capital Management
  • Partners Bay
  • Pinpoint
  • Point72 Asset Management
  • Polymer Capital Management
  • Premji Investments
  • SBI Funds Management Limited
  • Schonfeld Strategic Advisors
  • Sephira Emerging Markets
  • Tara Capital Partners
  • Tata AIA Life Insurance
  • Tata AIG General Insurance Company
  • Tata Mutual Fund
  • Tekne Capital Management
  • Think Investiments
  • Triveni Capital
  • UBS Asset Management
  • Wellington Management Company
  • White Oak Capital Management (India)

Source: BSE

Mastek: Hi5 Youth Foundation to Acquire 1.62% Stake via Gift

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Hi5 Youth Foundation will acquire 1.62% of Mastek Limited’s equity shares, representing 500,000 shares, via a gift from Mr. Sundar Radhakrishnan, a promoter of Mastek. This transaction is expected to occur on or after September 19, 2025. Hi5 Youth Foundation will be identified as part of the ‘Promoter and Promoter group’.

Acquisition Details

Hi5 Youth Foundation is set to acquire 500,000 equity shares of Mastek Limited, constituting 1.62% of the company’s total equity. The transfer will be executed as a gift from Mr. Sundar Radhakrishnan without any monetary consideration. The proposed date for this transaction is on or after September 19, 2025.

Parties Involved

The acquirer, Hi5 Youth Foundation, will be classified as part of Mastek’s ‘Promoter and Promoter Group’ post-transaction. This acquisition does not involve any monetary exchange as the shares are being transferred as a gift.

Compliance and Declarations

Both Hi5 Youth Foundation and Mr. Sundar Radhakrishnan have confirmed their compliance with applicable regulations. All necessary disclosures under Chapter V of the Takeover Regulations, 2011, will be met.

Promoter Group Shareholding

Following the acquisition, the total shareholding of the Promoter and Promoter Group will remain at 35.79%. Mr. Sundar Radhakrishnan’s individual holding decreases from 4.22% to 2.60%, while Hi5 Youth Foundation will now hold 1.62%. Other key promoters include Ashank Desai, holding 10.96%, and Girija Ram, holding 5.66%. Data reflects shareholding as of April 7, 2025.

Source: BSE

TVS Motor: Partners with ALT Mobility to Deploy 3,000 Electric Three-Wheelers

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TVS Motor Company has partnered with ALT Mobility to deploy up to 3,000 electric three-wheelers in FY 2025-26. ALT Mobility will procure, lease, and finance the vehicles. The vehicles will be deployed under ALT’s Drive-to-own leasing model for cargo and passenger transportation. This collaboration aims to promote sustainable urban mobility and create socio-economic value.

Partnership for Electric Mobility

TVS Motor Company and ALT Mobility have signed a Memorandum of Understanding (MoU) to deploy up to 3,000 TVS electric three-wheelers (Passenger & Cargo) in FY 2025-26. The announcement was made on September 15, 2025.

Details of the Collaboration

As part of the agreement, TVS Motor Company will provide the vehicles. ALT Mobility will handle the procurement, leasing, and financing through its ecosystem. The models, variants, and specifications will be jointly finalized to best serve customer needs. The vehicles will be rolled out through TVS Motor’s authorized dealer network and ALT’s point of sales across India.

Deployment and Leasing Model

The electric three-wheelers will be deployed under ALT’s Drive-to-own leasing model, targeting individual drivers and fleet operators for both cargo and passenger transportation services.

ALT’s Integrated Asset Management

ALT’s integrated asset management includes 24×7 vehicle monitoring and pre-emptive maintenance to minimize downtime, ensuring top-notch vehicle health and better asset utilization.

Statements from Leadership

Mr. Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company, stated, “This collaboration with ALT Mobility is a significant step towards enabling sustainable urban and last-mile mobility at scale… designed to empower businesses and drivers with reliable, clean, and cost-efficient solutions.”

Mr. Anuj Gupta, Co-founder & CBO, ALT Mobility, commented, “Partnering with TVS Motor Company gives us access to industry-leading vehicles and technology, which will help us scale our leasing and fleet operations effectively… ensuring uptime, assured earnings, and a sustainable livelihood.”

ALT’s Lease Plan

ALT’s all-inclusive lease plan covers key expense areas such as maintenance, insurance, roadside assistance, servicing, challan and fitness management, providing vehicle users a hassle-free ownership experience.

Source: BSE

Tech Mahindra: Special Window for Re-lodgement of Physical Share Transfer Requests

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Tech Mahindra announces a special window for re-lodgement of physical share transfer requests, open from July 7, 2025, to January 6, 2026. This initiative allows shareholders who previously faced issues with their transfer requests to re-lodge them. The facility applies to deeds lodged before April 1, 2019, and shares re-lodged during this period will be issued in demat form only.

Re-lodgement Opportunity

Tech Mahindra is providing a special window to facilitate the re-lodgement of transfer requests for physical shares. This window is open for six months, from July 7, 2025 to January 6, 2026.

Eligibility and Conditions

This re-lodgement facility applies specifically to transfer deeds that were initially lodged before April 1, 2019, and were either rejected, returned, or not processed due to deficiencies or other reasons.

Demat Issuance

It is important to note that shares re-lodged and approved during this special window will be issued exclusively in dematerialized (demat) form. The standard process for transfer-cum-demat will be followed.

Guidance for Shareholders

Shareholders who missed the previous deadline of March 31, 2021, are encouraged to take advantage of this opportunity. To do so, they should submit the necessary documents to the Company’s Registrar and Share Transfer Agent, MUFG Intime India Private Limited, at [email protected] or at Block No. 202, 2nd Floor, Akshay Complex, Near Ganesh Temple, Off Dhole Patil Road, Pune – 411001. Alternatively, shareholders can contact the Company at [email protected] for assistance.

Important Deadline

Please note that any transfer requests submitted after January 6, 2026, will not be accepted by the Company or RTA, unless an extension is granted.

Source: BSE

Larsen & Toubro: Wins Large Bullet Train Project Order

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Larsen & Toubro (L&T) has secured a large order from the National High Speed Rail Corporation Ltd (NHSRCL) to construct 156 Route Km (RKM) of high-speed ballastless track for the Mumbai-Ahmedabad High Speed Rail (MAHSR) Corridor. This project marks L&T’s second track-work package in the MAHSR project, now responsible for over 50% of the track-works.

Bullet Train Project Awarded

Larsen & Toubro’s Transportation Infrastructure business vertical has been awarded a large order by the National High Speed Rail Corporation Ltd (NHSRCL) to construct 156 Route Km (RKM) of high-speed ballastless track (Package T1) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) Corridor, as announced on September 15, 2025.

Project Details and Scope

The project includes design, supply, construction, testing, and commissioning of track-works on a Design-Build Lump Sum Price basis. The section spans between Mumbai (Bandra-Kurla complex) and Zaroli village in Gujarat. The construction will involve over 21 km of track-works in underground sections and 135 km of track on elevated viaduct sections.

Technology and Expertise

The track-works will employ the Japanese Shinkansen J Slab Track Technology, enabling speeds up to 320 kmph. The adoption of this technology ensures better ride quality, increased service life and maintainability.

L&T’s Growing Involvement

This marks L&T’s second track-work package for the MAHSR project. In April 2022, the company was awarded Package T3 (116 km). With this latest order, L&T is now responsible for over 50% of the track-works within the MAHSR project.

Source: BSE

Gujarat Gas: Convening Shareholder Meeting for Amalgamation Scheme

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Gujarat Gas is convening a meeting of its equity shareholders on October 17, 2025, to consider and approve a composite scheme of amalgamation and arrangement. This meeting follows directives from the Hon’ble Ministry of Corporate Affairs (MCA). The proposal involves Gujarat Gas and other entities, aiming to streamline and consolidate businesses. The meeting will be conducted via video conferencing, with e-voting options available for shareholders. The approval relies on obtaining requisite statutory majority.

Shareholder Meeting Details

A meeting for equity shareholders of Gujarat Gas Limited (GGL) is scheduled for Friday, October 17, 2025, at 3:00 P.M. (IST). Convened through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), it addresses the Composite Scheme of Amalgamation and Arrangement.

Composite Scheme Overview

The scheme involves the amalgamation of Gujarat State Petroleum Corporation Limited (GSPC), Gujarat State Petronet Limited (GSPL), and GSPC Energy Limited (GEL) into Gujarat Gas Limited. Additionally, it includes the demerger of Gas Transmission Business from GGL into GSPL Transmission Limited (GTL).

Key Objectives

The goals of this Composite Scheme include:

  • Achieving better business synergies and growth.
  • Simplifying group holding structure.
  • Unlocking shareholder value.
  • Improving efficiency and scale of operations.
  • Optimizing the utilization of resources.

Voting and Approval

The Scheme approval necessitates a statutory majority achieved by the Equity Shareholders, facilitated through e-voting during the Meeting or by remote e-voting.

Additional Details

Notice of the meeting and related information are dispatched electronically. For physical copies of the documents, shareholders may place requests through the Company Secretary. It is clarified that the approval of Shareholders of the Demerged Company and Resulting Company will be considered also an approval of the changes to the Memorandum and Articles of Association.

Source: BSE

Berger Paints India: Mourning the Loss of Mr. Rajesh Kumar Tiwari

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Berger Paints India announces the untimely demise of Mr. Rajesh Kumar Tiwari, VP & Group Head of Manufacturing, on September 13, 2025. Mr. Tiwari was a key member of the Core Management Team. The company expresses deep sorrow and condolences to his family.

Passing of Key Executive

Berger Paints India reports with deep regret the sudden passing of Mr. Rajesh Kumar Tiwari on September 13, 2025. At the time of his death, Mr. Tiwari held the position of VP & Group Head Manufacturing and was a member of the Senior Management.

Tribute to Mr. Tiwari

Mr. Tiwari was considered an integral part of the Core Management Team within Berger Paints India. The company acknowledges that his loss will be deeply felt. The Chairman, Vice Chairman, MD & CEO, along with all Board Members and employees, extend their deepest sympathies and condolences to Mr. Tiwari’s family.

Source: BSE

Standard Glass: Appoints RPR & Associates as Secretarial Auditors

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Standard Glass Lining Technology Limited has appointed RPR & Associates, a peer-reviewed firm of Practicing Company Secretaries, as its Secretarial Auditors. The appointment was approved by shareholders at the 13th Annual General Meeting held on September 12, 2025. The term extends for five years, ensuring compliance and governance oversight.

Secretarial Auditor Appointment

Standard Glass Lining Technology Limited has officially appointed M/s. RPR & Associates as the Secretarial Auditors of the company. The resolution for this appointment was passed during the 13th Annual General Meeting (AGM).

Term of Appointment

The appointment of RPR & Associates is for a term of five consecutive years, starting from the conclusion of the 13th AGM held on September 12, 2025, and extending until the conclusion of the 18th AGM. This ensures consistent oversight and guidance on compliance matters.

RPR & Associates Overview

RPR & Associates is a leading firm of Practicing Company Secretaries, boasting over 24 years of experience in corporate governance and compliance. Their expertise spans secretarial audits, compliance reviews, and due diligence. They offer specialized services including advising on public to private limited company conversions, along with support on IPOs and preferential allotments.

Source: BSE