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Tejas Networks: Appoints Dr. Randhir Thakur as Additional Director

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Tejas Networks has appointed Dr. Randhir Thakur as an Additional Director (Non-Executive and Non-Independent), effective September 15, 2025. Dr. Thakur, currently the Chief Executive Officer and Managing Director of Tata Electronics Limited (TEL), brings over 40 years of semiconductor industry experience. The appointment is subject to shareholder approval.

Appointment of Dr. Randhir Thakur

Tejas Networks has announced the appointment of Dr. Randhir Thakur as an Additional Director (Non-Executive and Non-Independent) to its Board, effective September 15, 2025. The decision was made based on the recommendation of the Nomination and Remuneration Committee.

About Dr. Randhir Thakur

Dr. Thakur currently serves as the Chief Executive Officer and Managing Director of Tata Electronics Limited (TEL) since April 2023. He has been on the Board of TEL since April 2021. He brings to Tejas Networks over 40 years of experience in the semiconductor industry, specifically in manufacturing, R&D, and P&L management. He also holds over 300 patents and was named an IEEE Fellow in 2013. He has previously held senior leadership positions at Intel, Applied Materials, SanDisk, Steag Electronic Systems, and Micron Technology.

Terms of Appointment and Shareholder Approval

Dr. Thakur’s appointment is liable to retire by rotation and is subject to the approval of the shareholders of the Company, which will be sought within the timeline specified by the relevant listing regulations.

Educational Background

Dr. Thakur holds a Bachelor’s Degree in Electronics and Telecommunications Engineering from the National Institute of Technology, Kurukshetra. He also holds a Master’s Degree in Electronics Engineering from the University of Saskatchewan and a Ph.D. in Electrical Engineering from the University of Oklahoma.

Source: BSE

Usha Martin Ltd: Stuti Jhawar Increases Equity Stake

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Stuti Jhawar has increased her equity stake in Usha Martin Ltd. by purchasing 10,000 equity shares. The transaction, executed on September 12, 2025, via open market acquisition on the National Stock Exchange (NSE), raised her total holding to 12,50,000 shares. This represents 0.41% of the total and diluted share/voting capital of the company.

Equity Stake Acquisition

On September 12, 2025, Stuti Jhawar acquired 10,000 equity shares of Usha Martin Ltd. through an open market purchase on the National Stock Exchange (NSE). This acquisition has increased her shareholding in the company.

Revised Shareholding Details

Following the acquisition, Stuti Jhawar’s total shareholding in Usha Martin Ltd. stands at 12,50,000 shares. This represents 0.41% of both the total shares/voting capital and the diluted shares/voting capital of the company.

Pre-Acquisition Holdings

Prior to this transaction, Stuti Jhawar held 12,40,000 shares, which also represented 0.41% of the total shares/voting capital of Usha Martin Ltd.

Source: BSE

Canara Bank: Subsidiary Receives Communication on Updated Red Herring Prospectus

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Canara Bank has announced that its subsidiary, Canara HSBC Life Insurance Company Limited, has received communication regarding the updated Red Herring Prospectus (UDRHP). The communication, dated September 15, 2025, relates to final observations for filing the UDRHP. This information is provided to the stock exchanges for informational purposes and record-keeping.

Subsidiary Prospectus Update

Canara Bank has informed the stock exchanges about a development concerning its subsidiary, Canara HSBC Life Insurance Company Limited. The bank stated that the subsidiary has received communication regarding the updated Red Herring Prospectus (UDRHP) from authorities.

Details of the Communication

The communication, dated September 15, 2025, pertains to final observations regarding the filing of the updated Red Herring Prospectus (UDRHP). The bank is providing this information to the stock exchanges to keep them informed and for their records.

This update indicates progress in the regulatory processes related to Canara HSBC Life Insurance Company Limited.

Source: BSE

Mangalore Refinery: Appoints Statutory Auditors for FY 2025-26

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Mangalore Refinery and Petrochemicals Limited (MRPL) has announced the appointment of statutory auditors for the financial year 2025-26. M/s YCRJ & Associates, Chartered Accountants, Mangaluru, and M/s BSJ & Associates, Chartered Accountants, Kannur, have been appointed as the statutory auditors of the company. This decision follows a letter received on September 15, 2025, from the Comptroller and Auditor General of India.

Statutory Auditor Appointments

Mangalore Refinery and Petrochemicals Limited (MRPL) has formally announced the appointment of its statutory auditors for the financial year 2025-26. This decision follows established protocols and guidelines, ensuring compliance and transparency in financial oversight. The official confirmation was received via a letter from the Office of the Comptroller and Auditor General of India, dated September 15, 2025.

Details of Appointed Firms

The appointed firms are M/s YCRJ & Associates, Chartered Accountants, based in Mangaluru, and M/s BSJ & Associates, Chartered Accountants, based in Kannur. M/s YCRJ & Associates, established on March 15, 1995, has 9 branch offices and 17 partners. M/s BSJ & Associates, established in 2004, has 9 offices and 11 partners.

Source: BSE

Jubilant Ingrevia: Redemption of Commercial Paper of Rs. 70 Crores

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Jubilant Ingrevia has fully redeemed its commercial paper of Rs. 70 Crores on September 15, 2025, which was issued on July 22, 2025. The commercial paper bore the ISIN code INE0BY014409. This redemption reflects the company’s commitment to managing its financial obligations.

Commercial Paper Redemption

Jubilant Ingrevia Limited announced the full redemption of its commercial paper amounting to Rs. 70 Crores. The paper, bearing the ISIN INE0BY014409, has reached its maturity and has been completely redeemed by the company.

Key Dates

The commercial paper was originally issued on July 22, 2025, and the redemption was completed on September 15, 2025, which was the maturity date. This action indicates Jubilant Ingrevia’s active management of its financial instruments and liabilities.

Source: BSE

Jubilant Ingrevia: Fulfilment of Commercial Paper Redemption Obligation

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Jubilant Ingrevia has confirmed the fulfilment of its payment obligation regarding the redemption of Commercial Paper worth Rs. 70 Crores. This announcement, dated September 15, 2025, confirms that the company has met its financial obligations as per Chapter XVII of SEBI Operational Circular dated May 22, 2024. The details regarding ISIN, due date, and payment date for the maturity have been disclosed.

Commercial Paper Redemption

Jubilant Ingrevia announced on September 15, 2025, that it has successfully fulfilled its payment obligations relating to the redemption of commercial paper worth Rs. 70 Crores. This redemption adheres to Chapter XVII of the SEBI Operational Circular issued on May 22, 2024.

Details of Redemption

The specifics of the commercial paper redemption are as follows:

* ISIN: INE0BY014409
* Due Date: 15-09-2025
* Nature of Payment: Maturity
* Payment Date: 15-09-2025

Source: BSE

Niva Bupa: Vivek Karve Appointed as Independent Director

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Niva Bupa Health Insurance has appointed Mr. Vivek Anant Karve as an Additional Director in the category of Independent Director. The appointment, effective September 15, 2025, is for a term of five consecutive years and is subject to the approval of the company’s members. Mr. Karve brings over 30 years of experience across multiple sectors, including financial services.

Independent Director Appointment

Niva Bupa Health Insurance has announced the appointment of Mr. Vivek Anant Karve (DIN: 06840707) as an Additional Director in the category of Independent Director. The appointment is effective from September 15, 2025.

Term and Approval

Mr. Karve’s term will be for a period of five (5) consecutive years. The appointment is subject to the approval of the Members of the Company.

Vivek Karve’s Background

Mr. Karve is a Chartered Accountant (1994), a Cost Accountant (1993) and holds a B. Com degree from the University of Bombay (1991). He has over 30 years of professional experience across sectors including Consumer Products, IT services and Financial Services. He previously held leadership positions at Marico, a listed FMCG group with a market capitalization of over USD 10 billion, and at Mahindra Finance, a listed NBFC with a market capitalization of about USD 4 billion.

Experience Highlights

During his career at Marico, Mr. Karve focused on performance management, GRC, automation in finance processes, outsourcing, long-term incentive plans, and M&A due diligence. At Mahindra Finance, he contributed to setting performance management systems and processes and centralizing customer on-boarding due diligence.

Source: BSE

Grasim Industries: Repayment of Commercial Paper – INE047A14AK5

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Grasim Industries Limited announced the full and timely repayment to the holders of its Commercial Paper (CP) with the ISIN INE047A14AK5, effective September 15, 2025. The company has successfully met its obligations to the CP holders, ensuring timely repayment and compliance. This announcement highlights Grasim’s strong financial management and its commitment to fulfilling its financial responsibilities.

Commercial Paper Repayment Details

Grasim Industries Limited has successfully completed the repayment of its Commercial Paper (CP) with ISIN INE047A14AK5. The details of the repayment are as follows:

Key Repayment Information

The following table outlines the specifics of the commercial paper repayment:

Full Repayment
Maturity
10,000
15/09/2025
15/09/2025
500 crore
Nil

The repayment was for the full amount at maturity, with 10,000 units redeemed. The due date and actual repayment date were both September 15, 2025. The amount repaid was 500 crore, and the outstanding amount post-repayment is Nil.

Source: BSE

Life Insurance Corporation of India: Receives GST Demand Order

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Life Insurance Corporation of India (LIC) has received a communication regarding a demand order for Goods & Service Tax (GST), interest, and penalty for the state of Jharkhand. The total demand includes GST of INR 92,48,03,480/- and a penalty of INR 92,48,03,480/-. The order is appealable before the Commissioner (Appeals), Jamshedpur.

GST Demand Details

LIC has received a demand order encompassing GST, applicable interest, and penalty related to its operations within Jharkhand. The communication was officially received on September 15, 2025.

Financial Implications

The demand includes the following components:

  • GST: INR 92,48,03,480/-
  • Interest: As applicable
  • Penalty: INR 92,48,03,480/-

The demand pertains to the financial year 2021-22. The company states that the financial impact is limited to the extent of the GST, interest, and penalty. There is no anticipated material impact on the financials, operations, or other activities of the Corporation.

Violation Details

The demand relates to a pre-mature availment of Input Tax Credit on Reverse Charge Mechanism.

Source: BSE

NCC: Secures Major Order for Barner Reservoir Project in Bihar

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NCC has been awarded a significant project for the construction of the Barner Reservoir Scheme in the Jamui district of Bihar. The project, received via a letter dated September 15, 2025, from the Water Resources Department, Bihar, is valued at approximately ₹2090.5 Crore (excluding GST). The construction is expected to be completed within 30 months, with a Defect Liability Period of 60 months.

Major Project Awarded

NCC Limited has announced that it has secured a major order for the construction of the Barner Reservoir Scheme. The official communication regarding this order was received on September 15, 2025, from the Water Resources Department, Bihar. This new project significantly bolsters NCC’s portfolio in the water resources sector.

Project Details and Value

The Barner Reservoir Scheme, located in the Jamui district of Bihar, includes the construction of the reservoir itself, dam structures, irrigation channels, and other associated works. The total contract value is approximately ₹2090.5 Crore, excluding GST. This contract is a substantial addition to the company’s order book.

Project Timeline

The project is scheduled to be completed within 30 months from the commencement date. Following the construction phase, there will be a Defect Liability Period (DLP) of 60 months. NCC Limited is committed to delivering this project within the stipulated timeframe and to the highest quality standards.

Source: BSE