Adani Enterprises’ Board has greenlit a rights issue of partly paid-up equity shares, aiming to raise up to ₹25,000 crore. The rights issue committee has approved the terms. Shareholders will need to pay a portion of the total amount upon application, with the remainder due in installments scheduled for January 2026 and March 2026. The board reserves the right to amend the payment schedule based on business needs.

Rights Issue Approval

The Board of Directors of Adani Enterprises has approved the issuance of partly paid-up equity shares to raise an amount not exceeding ₹25,000.00 crores through a rights issue. The decision was made during a board meeting held on November 11, 2025.

Payment Schedule Details

The payment for each rights equity share is structured as follows:

Application
₹900.00

First Call (on or about January 12, 2026 to January 27, 2026)
₹450.00

Second and Final Call (on or about March 02, 2026 to March 16, 2026)
₹450.00

Total
₹1,800.00

The above payment schedule provides flexibility to investors. The face value of each share is ₹1.

Important Dates

Key dates related to the rights issue are as follows:

Last date for credit of Rights Entitlements
November 18, 2025

Issue Opening Date
November 25, 2025

Last Date for on Market Renunciation of Rights Entitlements
December 05, 2025

Issue Closing Date
December 10, 2025

The board reserves the right to extend the Issue Period if needed, up to a maximum of 30 days from the Issue Opening Date.

Letter of Offer Approval

The Board also approved the Letter of Offer to be filed with the relevant stock exchanges.

Source: BSE

Balrampur Chini Mills Limited (BCML) is diversifying into bioplastics with a new Poly Lactic Acid (PLA) plant. The company updated its investor presentation for September 2025, outlining financial and operational data, ESG initiatives, and an overview of the global sugar sector. BCML has a sugarcane crushing capacity of 80,000 TCD and distillery capacity of 1,050 KLPD.

Bioplastic Diversification

Balrampur Chini Mills Limited is expanding its business by investing in a Poly Lactic Acid (PLA) plant with a capacity of 250 TPD. This move aligns with sustainable initiatives and promotes eco-friendly alternatives to plastics. The company aims to leverage various starch-based raw materials like rice and corn, optimizing cost and availability.

Financial Highlights

The company’s revenue for FY25 stood at ₹5,415 Crore. BCML’s investor presentation updated for September 2025 reveals detailed financial and operational data for the past five years. Key financial figures include:

• Sugar Segment Revenue: ₹4,897.4 Crore in FY25
• Distillery Revenue: ₹1,689.0 Crore in FY25
• Consolidated Financial Numbers: Basic EPS (Rs.) stood at 21.65

Operational Overview

Key operational highlights from the presentation include:

• Sugarcane Crushing: 1,034.0 lac quintals in FY25
• Distillery Production: Alcohol Production was 21.8 Cr BL in FY25
• Co-generation: 81.8 Cr Units of Co-generated Power Production

ESG Initiatives

BCML is dedicated to sustainable operations with initiatives focusing on environment, social responsibility, and governance. Noteworthy accomplishments include:

• Emissions Reduction: BCML reduced direct emissions by approximately 2.5 million tCO₂e using biomass.
• Trees Planted: BCML planted 1,13,450 trees as a part of its environment sustainability program.
• MSCI Rating: BCML received an MSCI ESG rating of A in 2024.

Sugar Sector Overview

The presentation also provided an outlook on the global and Indian sugar sector:

• Global Production: Global sugar production forecast is 188.5 MMT in 2025-26.
• Domestic Consumption: India’s sugar consumption is projected to reach 28.5 MMT in SS25-26.

Source: BSE

HEG Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2025. Standalone total income for the quarter was ₹804 cr with a profit after tax of ₹131 cr. The company’s capacity expansion continues and it has further announced expansion of another 15,000 tons expected by end of 2027.

Financial Performance Highlights

HEG Limited reported its unaudited standalone financial results for Q2 FY26. Key figures include:

• Total Income: ₹804 cr
• EBITDA: ₹226 cr
• EBIT: ₹172 cr
• PAT: ₹131 cr
• EPS: ₹6.78

For the half year ended September 30, 2025 the company reported the following standalone results:

• Total Income: ₹1,464.28 cr
• Profit before tax: ₹255.31 cr
• Profit after tax: ₹202.66 cr

Capacity Expansion

HEG Limited has expanded its capacity to 100,000 tons, becoming the third-largest graphite electrode producer in the western world. The company further announced an expansion of another 15,000 tons expected to reach a capacity of 1,15,000 tons by the end of 2027.

Market Overview

The graphite electrode demand remains soft amid overall global production weakness. However, HEG remains focused on the long-term expansion of EAF steelmaking, which is expected to drive sustained graphite electrode demand growth through 2030 and beyond.

Source: BSE

Sammaan Capital Limited has announced an offer to purchase all outstanding Non-Convertible Debentures (NCDs), excluding Sub-Debt bearing ISIN INE148I08215, maturing on or before June 30, 2026. This initiative is part of the company’s strategy to manage liquidity and maintain a strong balance sheet. Interested holders of NCDs can contact the company via email before November 30, 2025.

NCD Purchase Announcement

Sammaan Capital Limited is extending an offer to purchase all of its outstanding Non-Convertible Debentures (NCDs) maturing on or before June 30, 2026. This excludes NCDs with Sub-Debt bearing ISIN INE148I08215.

Strategic Rationale

The offer is a strategic move aligned with Sammaan Capital’s objective of maintaining a disciplined approach to liquidity and liability management. This proactive Asset-Liability Management (ALM) helps ensure financial flexibility and balance sheet strength.

Offer Details

Sammaan Capital will purchase the NCDs at par. The company intends to hold the purchased NCDs as treasury stock until maturity.

How to Participate

NCD holders interested in availing of this purchase offer can contact the company by emailing [email protected] before November 30, 2025.

Source: BSE

Reliance Infrastructure has announced the grant of 51,20,312 employee stock options under its 2024 scheme. The Nomination and Remuneration Committee approved the grant on November 11, 2025. These options will be exercisable within a maximum period of 4 years from the vesting date. Pricing is based on the scheme, with some options at face value and others at a discount.

Employee Stock Option Grant

Reliance Infrastructure’s Nomination and Remuneration Committee approved the grant of Employee Stock Options under the “Reliance Infrastructure Employee Stock Option Scheme, 2024” on November 11, 2025. This grant aims to incentivize and reward eligible employees.

Key Details of the Option Grant

A total of 51,20,312 options were granted to eligible employees. Each option represents one fully paid-up equity share with a face value of ₹10. The exercise price will be determined by the Committee and will be either the face value of ₹10 or a price discounted by 20% from the closing market price as of November 10, 2025, which is set at ₹135.70.

Exercise Period

The vested options can be exercised within a maximum period of 4 years from the date of vesting, as detailed in the “Reliance Infrastructure Employee Stock Option Scheme, 2024”.

Source: BSE

Navin Fluorine International has been assigned a ‘Strong’ ESG rating by ESG Risk Assessments & Insights Limited as of November 11, 2025. The rating reflects the company’s environmental, social, and governance performance. The information is available on the company’s website and through ESG Risk Assessments & Insights Limited’s platform. The report was independently prepared based on publicly available data.

‘Strong’ ESG Rating Achieved

Navin Fluorine International has been recognized for its commitment to environmental, social, and governance (ESG) practices. On November 11, 2025, ESG Risk Assessments & Insights Limited assigned an ESG Rating of ’61’, placing the company in the ‘Strong’ ESG rating category.

Rating Details and Availability

The ESG rating reflects an independent assessment of Navin Fluorine’s ESG performance. The rating information is accessible on ESG Risk Assessments & Insights Limited’s website.

The company clarifies that it has not engaged ESG Risk Assessments & Insights Limited for the ESG rating process. The assessment was independently prepared using publicly available data. This information is also available on the company website at www.nfil.in.

Source: BSE

JM Financial has announced the incorporation of JM Financial Private Wealth, Inc., a new step-down subsidiary, in the State of Delaware, USA, on November 10, 2025. This new entity will focus on providing wealth management and advisory services to clients, thereby expanding JM Financial’s reach into the US market. The financial implications of this incorporation are not applicable initially, as it is a newly established entity.

Expansion into US Market

JM Financial has established a new subsidiary, JM Financial Private Wealth, Inc., in Delaware, United States, effective November 10, 2025. This incorporation marks a strategic move to broaden the company’s service offerings and geographic footprint.

Purpose of the New Subsidiary

The newly formed entity will specialize in offering wealth management and advisory services. JM Financial Private Wealth, Inc. aims to cater to high-net-worth individuals, family offices, corporates, and institutions. It has been registered as an investment adviser.

Financial Details

JM Financial Overseas Holdings Private Limited, a wholly owned subsidiary, will subscribe to the share capital of the new entity up to USD 1.25 million, representing 100% of the share capital. As a newly incorporated entity, there is no prior turnover history.

Approvals and Compliance

The company has secured the necessary approvals, including a ‘No-Objection Certificate,’ and has received approval from the Secretary of State of Delaware, USA, confirming adherence to regulatory requirements for establishing the new subsidiary.

Source: BSE

Navin Fluorine International has received a ‘Strong’ ESG rating, according to an assessment by ESG Risk Assessments & Insights Limited. This rating was assigned on November 11, 2025. The rating reflects the company’s environmental, social, and governance performance based on data available in the public domain. Further details about the rating are available on the company’s website.

ESG Rating Update

Navin Fluorine International has been assigned a ‘Strong’ ESG rating following an assessment conducted by ESG Risk Assessments & Insights Limited. This rating was communicated to the company via email on November 11, 2025.

Details of the Assessment

The ESG Rating of ’61’ places Navin Fluorine in the ‘Strong’ category. The assessment was based on data available in the public domain. The company clarifies that it has not directly engaged ESG Risk Assessments & Insights Limited for this specific ESG rating.

Accessing Rating Information

Additional details regarding the rating can be found at https://india360.esgrisk.ai/Accounts/Ratinglist. The company has also made this information accessible on its website.

Source: BSE