Hero MotoCorp has launched the all-new Destini 110 scooter, designed for families and first-time buyers. Touted as “Hero Ka Scooter – Scooter Ka Hero,” it blends practicality with features and fuel efficiency. With a focus on comfort, safety, and style, the Destini 110 offers a long seat, spacious legroom, and a robust metal body, available at an introductory price of INR 72,000 (VX) and INR 79,000 (ZX) (Ex-Showroom, Delhi).

Destini 110: Family-Focused Scooter

Hero MotoCorp has launched the all-new Destini 110, a scooter that’s durable, stylish, and family-oriented. The Destini 110 aims to redefine the 110cc commuter scooter segment in India with its blend of features and design.

Key Features and Design

The Destini 110 features a neo-retro design with premium chrome accents and an LED headlamp. A 785 mm long seat, spacious legroom, and robust metal body enhance comfort and durability. The scooter is equipped with Hero’s i3s technology for fuel efficiency, offering a mileage of 56.2 kmpl.

Variants and Pricing

The Destini 110 will be available at Hero MotoCorp dealerships across the country with an introductory price of INR 72,000 for the VX (Cast Drum) variant and INR 79,000 for the ZX (Cast Disc) variant (Ex-Showroom, Delhi). Sales will commence in a phased manner.

Color Options

The VX Cast Drum is available in Eternal White, Matt Steel Grey, and Nexus Blue. The Cast Disc ZX comes in Aqua Grey, Nexus Blue, and Groovy Red.

Source: BSE

Kotak Mahindra Capital Company Limited provides an update on the open offer for Manappuram Finance. Following SEBI’s observation letter on September 12, 2025, the dispatch of the Letter of Offer will occur after the receipt of the last of the RBI Approvals. The tendering period will commence within twelve working days of this receipt. Payment to successful shareholders will be completed within the statutory timeframe, with interest for any delays.

Open Offer Update

Public Shareholders are advised that SEBI issued an observation letter on September 12, 2025, regarding the open offer.

Key Dates and Procedures

The Letter of Offer dispatch will occur after the receipt of the last of the RBI Approvals.

The tendering period for the Open Offer is slated to commence within twelve Working Days from the date of the receipt of the last of RBI Approvals.

Payment Terms

Payment to successful Public Shareholders tendering Equity Shares will be completed within the statutory timeframe. In accordance with SEBI regulations, the Offer Price includes interest at 10.00% per annum for any delay in payment to Public Shareholders whose Equity Shares are accepted.

Pending Approvals

As of the date of this announcement, the Reserve Bank of India approvals by Target Company, Asirvad Micro Finance Limited, and Manappuram Home Finance Limited, regarding the Open Offer and Underlying Transaction are awaited.

Source: BSE

Birlasoft has addressed the recent U.S. Executive Order related to H-1B visa applications. While they have taken note of the order and subsequent memorandum from the US Citizenship and Immigration Services, they currently do not anticipate any immediate significant impact on operations or their ability to serve customers. Birlasoft remains committed to ensuring service continuity by leveraging global delivery capabilities and talent management processes.

Impact of US Executive Order on H-1B Visas

Birlasoft has released a statement regarding the recent U.S. Executive Order concerning H-1B visa applications and the related memorandum issued by US Citizenship and Immigration Services.

Minimal Immediate Impact Anticipated

The company stated that, at this time, they do not anticipate any immediate significant impact from these regulatory changes on their operations or their ability to serve their customers. This assessment suggests that Birlasoft’s current operations and talent strategy are well-positioned to navigate the changing regulatory landscape.

Commitment to Service Continuity

Birlasoft emphasized its commitment to delivering exceptional service to its customers and ensuring service continuity. They highlighted their efforts to strengthen global delivery capabilities and optimize talent sourcing and deployment processes to maintain operational resilience and mitigate potential risks. The company will continue to monitor developments and provide updates as needed.

Source: BSE

JM Financial has received a settlement order from SEBI, resolving a matter stemming from a prior regulatory review related to Non-Convertible Debentures (NCDs) issued in 2023. The order, dated September 19, 2025, addresses concerns related to the company, JM Financial Services, and JM Financial Products. The company has agreed to certain settlement terms, including financial payments and voluntary restrictions on specific business activities.

Resolution of Regulatory Matter

JM Financial announced the receipt of a settlement order from SEBI on September 22, 2025, related to a regulatory review initiated in 2024. The review concerned potential irregularities in Non-Convertible Debenture (NCD) issuances. The settlement aims to resolve concerns without admission or denial of findings.

Key Entities Involved

The settlement order encompasses JM Financial Limited, JM Financial Services Limited (JMFSL), and JM Financial Products Limited (JMFPL). These entities collectively addressed the regulatory concerns through the settlement process.

Settlement Terms

The settlement includes financial payments made by each entity. JM Financial Limited will pay ₹1,56,27,512, JM Financial Services Limited will pay ₹1,91,60,599, and JM Financial Products Limited will pay ₹44,00,000. Additionally, JM Financial Limited will disgorge ₹1,22,35,849, and JM Financial Services Limited will disgorge ₹1,33,35,239. JMFPL will not be required to disgorge funds.

Business Restrictions

As part of the settlement, JM Financial Limited has voluntarily agreed to certain business restrictions. The company will be debarred from acting as a lead manager in any public issue of debt securities. These restrictions will be in place for a specified period as outlined in the settlement order.

Background of the Review

The regulatory review originated from an examination of NCD issuances in 2023, specifically focusing on a Piramal Enterprises Limited (PEL) issue. Concerns arose regarding individual investors selling debt securities shortly after allotment, leading to a sharp decline in retail ownership. An interim ex-parte order was issued on March 7, 2024, followed by a confirmatory order on June 20, 2024.

Source: BSE

Amber Enterprises India Limited has successfully completed a qualified institutions placement (QIP) of 12,57,861 equity shares at a price of ₹7,950.00 per share. The issue, which opened on September 16, 2025, and closed on September 22, 2025, has increased the company’s equity share capital to ₹35,14,89,420. The QIP generated approximately ₹99,999.95 lakhs for the company.

Details of the Equity Share Allotment

Amber Enterprises India Limited successfully executed the allotment of 12,57,861 equity shares through a qualified institutions placement (QIP). The shares were priced at ₹7,950.00 per equity share, including a premium of ₹7,940.00 per share. The announcement was made on September 22, 2025.

Impact on Share Capital

Following the allotment, the company’s paid-up equity share capital has increased. It now stands at ₹35,14,89,420, divided into 3,51,48,942 equity shares of ₹10 each. Previously, the equity share capital was ₹33,89,10,810, divided into 3,38,91,081 equity shares.

Major Allottees

Several institutional investors received significant allocations of the offered equity shares:

• Nomura India Investment Fund Mother Fund: Allotted 188679 shares (15.00%)
• Invesco India Large & Mid Cap Fund: Allotted 60585 shares (4.82%)
• Invesco India Midcap Fund: Allotted 60585 shares (4.82%)
• INEVSCO India Smallcap Fund: Allotted 60585 shares (4.82%)
• HDFC Life Insurance Company Limited: Allotted 157232 shares (12.50%)
• Allianz Global Investors Fund – Allianz India Equity: Allotted 81761 shares (6.50%)
• HDFC Mutual Fund – HDFC Manufacturing Fund: Allotted 62893 shares (5.00%)

Key Dates

• Issue opened: September 16, 2025
• Issue closed: September 22, 2025
• Allotment date: September 22, 2025

Source: BSE