NTPC Green Energy Limited (NGEL) has announced the commencement of commercial operations for a 9.9 MW wind project located in Bhuj, Gujarat, effective September 24, 2025. This project is part of a larger 92.4 MW (Wind) capacity initiative. With this addition, the total installed capacity of NGEL Group will increase to 7382.475 MW.

Wind Project Commences Operations

NTPC Green Energy Limited’s (NGEL) joint venture project, ONGC NTPC Green Private, is now commercially operational, effective September 24, 2025. This development contributes to NGEL’s growing renewable energy portfolio and aligns with its commitment to sustainable power generation.

Project Details and Capacity

The project, located in Bhuj, Gujarat, involves a 9.9 MW Wind capacity. This is part of a larger initiative with a total installed capacity of 92.4 MW (Wind), undertaken by Ayana Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Pvt. Ltd. The addition of this 9.9 MW capacity will increase the total installed capacity of the NGEL Group.

Impact on Total Capacity

The current commercial capacity of NTPC Green Energy Limited Group stands at 7372.575 MW. With the addition of the newly operational project, the total installed capacity of the NGEL Group is set to increase to 7382.475 MW. This further solidifies NTPC’s commitment to expanding its green energy footprint.

Source: BSE

Zensar Technologies has reviewed the recent U.S. Executive Order concerning restrictions on H-1B visas. The company anticipates no significant impact on its financials or operations due to a lower dependency on H-1B visas. Zensar will continue monitoring developments and provide updates. The company is focused on local hiring, nearshoring, and leveraging expertise in Artificial Intelligence and next-gen technologies.

H-1B Visa Announcement Review

Zensar Technologies has assessed the implications of the recent U.S. Executive Order related to restrictions on the entry of certain non-immigrant workers with H-1B visas. The review considered the order dated September 19, 2025, and subsequent memorandum dated September 20, 2025.

Impact Assessment

The company currently foresees no significant impact on its financial performance or operational activities. This assessment is based on Zensar’s reduced reliance on H-1B visas. The company will continue to closely monitor any future developments related to this matter.

Strategic Focus

Over the past several years, Zensar Technologies has strategically focused on local hiring and nearshoring initiatives. The company is also actively leveraging its expertise in Artificial Intelligence and other next-generation technologies to reinforce its delivery model, improve client value, and establish a sustainable base for future growth. This ongoing strategy is intended to allow continued operations regardless of changes to visa regulations.

Source: BSE

Amber Enterprises India has successfully completed its qualified institutions placement (QIP) of equity shares. The Fund Raising Committee approved the closure of the issue on September 22, 2025. A total of 12,57,861 Equity Shares were allocated at an issue price of ₹7,950.00 per share. The placement document was adopted on the same date.

QIP Issue Closure

Amber Enterprises India announced the closure of its qualified institutions placement (QIP) on September 22, 2025. This follows an earlier announcement regarding the issue’s opening and floor price.

Allocation and Pricing

The Fund Raising Committee of the Board of Directors approved the allocation of 12,57,861 Equity Shares. The issue price was set at ₹7,950.00 per Equity Share, which includes a premium of ₹7,940.00 per Equity Share.

Key Approvals

The following was confirmed during the meeting:

• Approved closure of the Issue on September 22, 2025.
• Determined and approved the allocation of 12,57,861 Equity Shares at ₹7,950.00 per share.
• Approved the placement document dated September 22, 2025.
• Approved the confirmation of allocation note to be sent to the eligible qualified institutional buyers.

Fund Raising Committee Meeting

The Fund Raising Committee of the Board of Directors commenced at 8:15 P.M. IST and concluded at 8:40 P.M. IST.

Source: BSE

Alkem Laboratories has received a GST demand order for ₹35,11,52,690 along with a penalty of ₹3,51,15,268. The order pertains to the period from July 2017 to March 2022. The company is in the process of appealing the order and believes it has adequate grounds to contest the demand. There is no expected cash outflow due to available input tax credits.

GST Demand Order

Alkem Laboratories has received an order confirming a Goods and Services Tax (GST) demand. This order, received on September 20, 2025, pertains to Maharashtra GSTIN for the period covering July 2017 to March 2022.

Financial Implications

The order confirms a GST demand of ₹35,11,52,690. Additionally, a penalty of ₹3,51,15,268 has been levied. This falls under the provisions of the IGST Act, CGST Act, and SGST Act of 2017.

Company’s Response

Alkem Laboratories is currently taking appropriate actions, including filing an appeal against the order. The company believes that the demand is not justified and intends to contest it legally. The key issue relates to an alleged denial of Input Tax Credit due to a discrepancy between GSTR-3B and GSTR-2A forms.

Impact Assessment

The company anticipates no material impact on its financial or operational activities. They believe the dispute is not tenable and have sufficient grounds to support their position under the law. There is also no expected cash outflow because the company has sufficient input tax credit available.

Source: BSE

Reliance Industries Limited announces the dissolution of its step-down wholly-owned subsidiary, Reliance Global Project Services Pte. Ltd., effective September 20, 2025. The company has ceased to be a subsidiary of Reliance Industries following the dissolution. This announcement was made on September 22, 2025, updating the status previously available on regulatory websites.

Dissolution of Subsidiary

Reliance Global Project Services Pte. Ltd., a step-down wholly owned subsidiary of Reliance Industries Limited, has been dissolved. The dissolution became effective on September 20, 2025.

Impact and Details

Following the dissolution, Reliance Global Project Services Pte. Ltd. is no longer a subsidiary of Reliance Industries Limited. The information regarding this change has been updated on the website of the Accounting and Corporate Regulatory Authority, Singapore as of September 22, 2025.

Source: BSE

The exchange has favorably considered IRCTC’s request and granted a waiver for fines related to delays in complying with certain regulations. This pertains to non-compliance for the quarters ended December 31, 2024, March 31, 2025, and June 30, 2025. Fines of ₹6,60,000 each, plus GST, imposed by both NSE and BSE, have been waived.

Waiver of Fines

IRCTC has received a waiver for fines related to delays in compliance. The exchange has considered the company’s request for a waiver of fines levied for delays in compliance with regulations.

Affected Quarters

The waiver pertains to non-compliance for the quarters ended December 31, 2024 (Q3 FY25), March 31, 2025 (Q4 FY25), and June 30, 2025 (Q1 FY26).

Financial Impact

The fines of ₹6,60,000 each, plus GST, imposed by NSE and BSE for the specified regulations, have been waived off. This results in a cost savings for IRCTC.

Regulation Details

The specific regulations related to 18-Audit Committee and 19-Nominatiion and Remuneration Committee for periods ending December 31, 2024, March 31, 2025, and June 30, 2025

Source: BSE

Adani Energy Solutions has responded to an inquiry regarding a recent surge in its trading volume. The company states that the movement is purely due to prevailing market conditions. Adani Energy Solutions asserts it has no specific control over, nor particular knowledge of the reasons behind, the volume increase. The company continues to comply with disclosure norms.

Response to Trading Volume Increase

Adani Energy Solutions has addressed concerns regarding the recent increase in the volume of its equity shares. The company clarified, in a statement dated September 22, 2025, that the movement is solely attributable to market conditions and is entirely market-driven.

Company Statement

The company’s management explicitly stated that they have no control over, nor possess any specific knowledge regarding the reasons for, the increase in trading volume. Adani Energy Solutions reaffirmed its commitment to making necessary disclosures and complying with relevant regulations.

Source: BSE

Coromandel International has received requests for reclassification of Coromandel Engineering Company Limited (CECL) and Yanmar Coromandel Agrisolutions Private Limited (YCAS) from the ‘promoter and promoter group’ category to the ‘public’ category shareholders. The company’s board has approved submitting the application to the stock exchanges for obtaining the necessary No Objection Certificate for this reclassification.

Reclassification Request

Requests for reclassification have been received from Coromandel Engineering Company Limited (CECL) and Yanmar Coromandel Agrisolutions Private Limited (YCAS). The entities are seeking to move from the ‘promoter and promoter group’ category to the ‘public’ category of shareholders.

Board Approval for Submission

The Board of Directors has given its approval to submit the application to the stock exchanges where the Company’s shares are listed. This application is for obtaining the No Objection Certificate required for the re-classification. The board reviewed the requests during their meeting on September 22, 2025.

Undertakings and Compliance

CECL and YCAS have confirmed their compliance with the requirements outlined in their request letters. The re-classification is contingent upon receiving the necessary approvals from the stock exchanges.

Source: BSE