Bandhan Bank has been assigned a ‘Strong’ ESG (Environmental, Social, and Governance) rating of 62 by a registered ESG rating provider. This rating reflects the Bank’s performance and disclosures up to the Fiscal Year 2025. The rating was voluntarily assigned and is based on publicly available information.

ESG Rating Assignment

Bandhan Bank announced today that it has received an ESG rating of 62. The rating has been classified as ‘Strong’. This assessment was conducted by a SEBI-registered Environmental, Social, and Governance (ESG) rating provider, ESG Risk Assessments and Insights Limited.

Rating Basis and Scope

The ESG rating assigned to Bandhan Bank is based on an assessment of the Bank’s environmental, social, and governance practices and disclosures. The rating specifically covers the Fiscal year 2025 and is based on publicly available data. The voluntary assignment of this rating highlights the bank’s commitment to ESG principles.

Source: BSE

Ashok Leyland has announced that Mr. Mahesh Thakar, General Counsel, will be stepping down from his role as Senior Management Personnel (SMP) of the company. The resignation will be effective from the close of business hours on October 18, 2025. This announcement was made on September 20, 2025.

Change in Management

Ashok Leyland has announced a change in its Senior Management Personnel (SMP). Mr. Mahesh Thakar, currently serving as General Counsel, will be ceasing to be an SMP of the company, as per an official statement released on September 20, 2025.

Effective Date of Resignation

The change will become effective at the close of business hours on October 18, 2025. The company has released this information to its stakeholders, and it has been duly noted as per the company’s reporting.

Source: BSE

Siemens has received a show cause notice on September 19, 2025, from the Joint Commissioner of Central GST & Excise, Vadodara, concerning GST amounting to ₹34,83,00,000. The notice relates to potential levies concerning the transfer and assignment of the company’s leasehold interest in property located in Halol, Gujarat. Siemens is currently reviewing the notice and will take appropriate action.

Show Cause Notice Details

On September 19, 2025, Siemens received a show cause notice from the Joint Commissioner of Central GST & Excise, Vadodara I Commissionerate. The notice addresses why Goods and Services Tax (GST) amounting to ₹34,83,00,000 should not be levied.

Subject of the Notice

The show cause notice pertains to the transfer and assignment of the company’s leasehold interest in property located in Halol, Gujarat.

Company Response

Siemens is currently reviewing the show cause notice and will take appropriate action. Further updates will be provided as and when required.

Timeline of Receipt

The Show Cause Notice was received around 11.30 a.m. on September 19, 2025. The company stated the delay in intimation is on account of time taken for completion of prima facie assessment of materiality.

Source: BSE

Redington announced that Arena Connect Teknoloji Sanayi ve Ticaret A.Ş., its step-down subsidiary, has entered into a definitive agreement on September 19, 2025, with Datagate Bilgisayar Malzemeleri Ticaret A.Ş. The agreement involves the assignment of a Device Distribution and Supply Agreement with Vodafone Dağıtım, Servis ve İçerik Hizmetleri A.Ş. The deal, effective from October 1, 2025, is valued at approximately USD 8 million.

Agreement Overview

Arena Connect Teknoloji Sanayi ve Ticaret A.Ş., a step-down subsidiary of Redington, has finalized an agreement regarding device distribution. The agreement was made with Datagate Bilgisayar Malzemeleri Ticaret A.Ş. on September 19, 2025.

Deal Details

The agreement involves the assignment of a Device Distribution and Supply Agreement with Vodafone Dağıtım, Servis ve İçerik Hizmetleri A.Ş. The deal is expected to take effect on October 1, 2025. The value of this agreement is approximately USD 8 million.

Financial Impact

As of March 31, 2025, the revenue was approximately USD 420.40 Mn, constituting 3.6% of consolidated annual revenue. This deal is not with a related party.

Source: BSE

Kirloskar Oil Engines has received a show cause notice dated September 19, 2025, from the Office of Deputy Commissioner of State Tax, Pune, Maharashtra. The notice pertains to a misclassification in outward supply due to HSN under the Central Goods and Services Tax Act, 2017. The company is assessing the matter and its potential impact.

Show Cause Notice Details

Kirloskar Oil Engines received a show cause notice on September 19, 2025, regarding a potential misclassification related to the Harmonized System of Nomenclature (HSN) codes in its outward supply. The notice was issued by the Deputy Commissioner of State Tax, Pune, Maharashtra.

Financial Implications

The notice indicates a potential penalty of ₹76,47,755, interest of ₹3,20,37,279, and a tax demand of ₹4,05,52,111. Kirloskar Oil Engines is currently evaluating the matter. The company believes that the notice will not have any material impact on its financial or operational activities.

Source: BSE

Brainbees Solutions has appointed M/s. Samdani Shah and Kabra as its Secretarial Auditors for a term of 5 consecutive years, commencing from the financial year 2025-26 and concluding in 2029-30. The appointment was approved by shareholders at the 15th Annual General Meeting (AGM) held on September 19, 2025. The firm is well-known, established in 2008, and Peer Reviewed by ICSI.

Secretarial Auditor Appointment

At the 15th Annual General Meeting (AGM) held on September 19, 2025, shareholders of Brainbees Solutions formally approved the appointment of M/s. Samdani Shah and Kabra as the company’s Secretarial Auditors.

Appointment Details

M/s. Samdani Shah and Kabra, a Practicing Company Secretaries firm (Registration Number: P2008GJ016300), will serve as the Secretarial Auditors for a term of 5 consecutive years. The appointment is effective from the financial year 2025-26 and will continue until the end of the financial year 2029-30.

Auditor Profile

M/s. Samdani Shah and Kabra is a well-known firm of Practicing Company Secretaries, established in 2008. It is recognized for its commitment to quality and precision and has been Peer Reviewed by the Institute of Company Secretaries of India (ICSI). The firm offers comprehensive professional services, including merger and acquisition advisory, compliance management, and Secretarial Audit services, delivering strategic solutions focused on regulatory adherence and operational efficiency.

Source: BSE

The Shipping Corporation of India (SCI) has appointed Upendra Shukla & Associates as its Secretarial Auditors for a term of five financial years, commencing from Financial Year 2025-26 and extending through Financial Year 2029-30. The appointment was ratified by the shareholders at the company’s 75th Annual General Meeting (AGM) held on September 19, 2025.

Appointment of Secretarial Auditors

The Shipping Corporation of India (SCI) has officially announced the appointment of Upendra Shukla & Associates as the company’s new Secretarial Auditors. This decision was made effective following the approval of shareholders during the 75th Annual General Meeting (AGM), which convened on September 19, 2025.

Term and Scope

Upendra Shukla & Associates will serve as the Secretarial Auditors for a period of five consecutive financial years, starting from FY 2025-26 and concluding in FY 2029-30. The role encompasses conducting the Secretarial Audit of the company, furnishing the Secretarial Audit Report, and providing other permissible services and certifications under applicable laws. The terms and conditions were set as per the tender document and approved by the Board of Directors.

About Upendra Shukla & Associates

Upendra Shukla & Associates, led by proprietor Upendra Shukla, is a firm specializing in Company Secretarial services. Upendra Shukla has been practicing since 1989 and is a fellow member of ICSI. The firm offers services related to Company Law, SEBI Regulations, FEMA, and restructuring and is based in Mumbai.

Source: BSE

Biocon Limited has successfully completed the buyback of its Commercial Papers (CPs) worth ₹600 Crores. The buyback and payment obligations were fulfilled as of September 19, 2025. The CPs were issued for purposes already disclosed, and the company remains compliant with all listing conditions. The buyback is in accordance with SEBI guidelines.

Commercial Paper Buyback Completion

Biocon Limited announced the successful completion of the buyback of its Commercial Papers (CPs) amounting to ₹600 Crores. The buyback was finalized on September 19, 2025, with all payment obligations fulfilled.

Key Details of the Buyback

The following table highlights the key details regarding the commercial paper buyback:

Compliance and Declarations

The company confirms that the CPs were issued for the purposes previously disclosed and that the proceeds were utilized accordingly. Biocon Limited adheres to all listing conditions as stipulated in the application for listing. Furthermore, all other conditions of the offer document and CP issuance directions have been adhered to.

Financial Status

The asset classification of fund-based facilities from banks/Financial Institutions continues to be classified as “Standard.” The company confirms that there has been no material change in its financial status that would adversely affect the credit rating of the CPs.

CP Issuance Details

The Commercial Papers were initially issued to refinance existing borrowings. Key details include:

Source: BSE