Castrol India announced a 6% year-over-year revenue growth reaching INR 1,363 crores in Q3 2025. The company is expanding its EV capabilities, including partnerships and localized EV fluid production. EBITDA increased to INR 323 crores, and profit after tax rose 10% to INR 228 crores. Castrol is focused on volume growth, rural market penetration, and strengthening its service network, while expanding into sectors resilient to EV transition. Year-to-date volume growth stands at 8%.

Q3 2025 Financial Highlights

Castrol India reported a revenue from operations of INR 1,363 crores in Q3 2025, representing a 6% year-over-year increase, primarily driven by a 7% increase in volumes. The company’s EBITDA for the quarter was INR 323 crores, up by INR 37 crores, and profit after tax reached INR 228 crores, a 10% increase compared to the same quarter last year.

For the nine months ending in September 2025, Castrol India’s revenue reached INR 4,282 crores, an increase of 7% compared to the previous year, with EBITDA at INR 980 crores (up 9%) and profit after tax at INR 705 crores (up 8%).

Strategic Focus & Business Developments

Castrol India is strategically focused on expanding its reach in rural markets and bolstering its industrial segment presence to drive sustainable volume-led growth. The company signed an MoU with VinFast Auto to provide aftersales service for VinFast EV customers nationally, leveraging Castrol’s workshop network. This move aligns with Castrol’s commitment to supporting India’s transition to sustainable mobility.

Product Innovation and Expansion

The company launched the Castrol All-in-One Helmet Cleaner, expanding its auto care portfolio. Castrol also rolled out upgraded lubricant variants, including Castrol MAGNATEC engine oil compliant with the latest API SQ specifications.

Network and Distribution

Castrol India’s products are now available through over 150,000 retail outlets across the country, including a footprint of 40,000+ outlets in rural India. The company has expanded its branded service network to over 750 Castrol Auto Service centers across 300 cities.

EV Fluid Development

Castrol is expanding beyond lubricants into the service and maintenance space, launching EV fluids under the Castrol ON range. The company is leveraging its technology center to formulate EV transmission and thermal fluids suited for India’s environment, localizing advanced EV fluids to serve the growing electric mobility ecosystem.

Source: BSE

Tejas Networks has announced the status of re-lodgement of requests for transfer of physical shares as of October 31, 2025. This is with reference to the SEBI circular regarding the special window for re-lodgement of transfer requests of physical shares. No requests were received, processed, or approved during the month. The information is available on the company’s website.

Status of Physical Share Transfer Requests

Tejas Networks has provided an update on the re-lodgement of requests for the transfer of physical shares. This announcement follows the guidelines provided in the SEBI circular issued on July 2, 2025, which established a special window for this purpose.

Key Highlights as of October 31, 2025

• No requests were received during the month.
• No requests were processed during the month.
• No requests were approved.
• No requests were rejected.
• The average time taken for processing requests is not applicable (NA).

This information has been furnished by MUFG Intime India Private Limited, the Registrar & Transfer Agent for Tejas Networks.

Source: BSE

Uno Minda Limited has announced that a shareholder has reported the loss of their original share certificates. The company is initiating the process to issue duplicate certificates in lieu of the lost ones. The shareholder, R K Velu, reported the loss on November 11, 2025. The company will adhere to SEBI guidelines for the issuance of new certificates.

Loss of Share Certificates

Uno Minda Limited announced on November 11, 2025, that a shareholder has reported the loss of their original share certificates and has requested duplicate certificates to be issued. The company is processing the request according to standard procedures.

Details of Lost Certificates

The following details pertain to the lost share certificates:

Step Transfer Date: 10-11-2025
Folio No: 0001560
Name of Shareholder: R K Velu
No. of Shares: 2000
Certificate No: 35316
Distinctive Nos: 87362156 to 87364155
No. of Shares: 4000
Certificate No: 34502
Distinctive Nos: 286004443 to 286008442

Reason: Lost by the shareholder.

Issuance of New Certificates

Uno Minda Limited will issue the new share certificates to the shareholder while adhering to the guidelines set by SEBI and completing the necessary procedural requirements. The company has requested that the details be noted.

Source: BSE

Thermax announced its Q2 FY26 results, highlighting a 5% decrease in revenue to ₹2,474 crore. Despite the revenue dip, the company’s order book grew by 6% to ₹3,551 crore. Profit After Tax (PAT) saw a 40% decline. The Industrial Products segment showed improved order booking, while the Industrial Infra segment experienced lower bookings compared to the previous year.

Financial Performance Overview

In Q2 FY26, Thermax reported an order book of ₹3,551 crore, a 6% increase compared to the previous year. However, revenue decreased by 5% to ₹2,474 crore. The Profit After Tax (PAT) was reported at ₹119 crore, reflecting a 40% decrease. Cash and Investments stood at ₹2,739 crore, a 4% increase.

Segmental Performance

Order booking for Industrial Products improved, driven by better performance in water desalination and environmental equipment orders. The Industrial Infra segment experienced a decrease in order bookings due to large orders in the prior year. The Green Solutions segment saw significant growth, primarily due to a change in reporting methodology. The water treatment chemicals business continued to drive profitability, securing new orders valued at ₹12 crore.

Order Book Details

A significant portion of the order inflows came from the Metals & Mining sector, with strong growth also noted in the Power and Petrochem sectors. The Food & Beverages sector showed an increase in orders, while the Sugar/Distillery sector experienced a decline. Notable wins were achieved across various company sectors.

Strategic Developments

During the quarter, Thermax ventured into the biofuels space with initial 1G ethanol orders and successfully retrofitted a 300 MWe boiler for co-firing with blast-furnace gas and coal for a leading steel major.

Operational Highlights

TBSPL commissioned and dispatched the first cascade of 22 TPD CBG plants from Indore and Kota. TOESL deployed a 16 TPH biomass boiler at Bengaluru, contributing to potential CO2 emission reductions of approximately 20,000 tonnes annually. A dry flue gas desulphurisation (FGD) system was commissioned for a major carbon black producer to reduce SOx and NOx emissions.

Source: BSE

Hindustan Unilever Limited (HUL) has received approval from the National Company Law Tribunal (NCLT) for the demerger of its Ice Cream Business Undertaking. The approval was granted on October 30, 2025. As part of the arrangement, Kwality Wall’s (India) Limited will become the resulting company. HUL will unlock value for shareholders and allow focused growth.

Demerger Approved

The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Arrangement for the demerger of the Ice Cream Business Undertaking from Hindustan Unilever Limited (HUL). The approval was formalized through an order issued on October 30, 2025.

Scheme Details

The arrangement involves the demerger of HUL’s Ice Cream Business Undertaking to Kwality Wall’s (India) Limited. This decision enables both entities to sharpen their focus on respective business strategies. The NCLT order also addresses some typographical and clerical errors. A rectification order was issued on November 6, 2025, to correct these issues.

Rationale

The demerger aims to create an independent listed ice cream company, offering better flexibility and growth opportunities. This move intends to unlock value for HUL shareholders, allowing them to stay invested in the ice cream business. HUL will focus on high-growth segments. The Scheme facilitates a smooth transition.

Share Entitlement

For every 1 equity share of HUL, shareholders will receive 1 equity share in Kwality Wall’s (India) Limited. This share entitlement ratio ensures that shareholders maintain their investment in the demerged ice cream business.

Source: BSE