Brainbees Solutions has increased its shareholding in Globalbees Brands Private Limited to 51.68% on a fully diluted basis. This follows the conversion of a convertible loan into Series C3 Compulsorily Convertible Preference Shares (CCPS). The investment involved ₹19,96,32,990, and the transaction was completed on September 19, 2025. The move solidifies Brainbees’ position in Globalbees.

Globalbees Investment Update

Brainbees Solutions has finalized an increase in its investment in Globalbees Brands Private Limited (“Globalbees”). On September 19, 2025, Brainbees increased shareholding following the conversion of a convertible loan. Globalbees is a material subsidiary of the company.

Details of the Transaction

The investment was originally structured as a convertible loan, which has now been converted into Series C3 Compulsorily Convertible Preference Shares (CCPS). Brainbees allotted 607 Series C3 CCPS at a face value of INR 5/- each, with a premium of INR 3,28,845/- per share, amounting to INR 19,96,11,950/-. There was a difference of INR 21,040/- due to valuation which is to be refunded.

Impact on Shareholding

Following this allotment, Brainbees Solutions now holds 89,886 shares of Globalbees. As a result, Brainbees’ shareholding in Globalbees has increased from 51.51% to 51.68% on a fully diluted basis.

Source: BSE

Shri Rameshwar Meena has ceased to be the Part-time Government Nominee Director of RailTel with effect from October 9, 2025. This change follows Shri Meena’s relinquishment of his post as Executive Director/Signal, Railway Board on September 10, 2025. He was initially appointed as Part-time Government Nominee Director until he held the position of Executive Director/Signal, Railway Board.

Director Cessation Announcement

RailTel Corporation of India Limited has announced a change in the composition of its Board of Directors. The announcement, dated September 19, 2025, confirms the cessation of Shri Rameshwar Meena as Part-time Government Nominee Director.

Details of Cessation

Shri Rameshwar Meena ceased to be the Part-time Government Nominee Director of the Company w.e.f. September 10, 2025. This follows his relinquishment of the charge of the post of Executive Director/Signal, Railway Board, effective September 10, 2025. Shri Meena’s initial appointment was contingent on him holding the post of Executive Director/Signal, Railway Board.

Source: BSE

National Aluminium Company Limited (NALCO) has appointed B M Chatrath & Co. and SRB & Associates as Joint Statutory Auditors for the fiscal year 2025-26. These appointments, effective from October 9, 2025, were made following regulatory guidelines. Both firms have confirmed their acceptance to serve as Statutory Auditors, bringing their expertise to NALCO’s financial oversight.

Joint Statutory Auditors Appointed

National Aluminium Company Limited (NALCO) has officially announced the appointment of joint statutory auditors for the financial year 2025-26. The selected firms are B M Chatrath & Co., and SRB & Associates. These firms have been chosen as Joint Statutory Auditors to oversee the company’s financial activities.

Details of the Auditor Appointments

The appointments are effective from October 9, 2025, as per the letter received. B M Chatrath & Co. LLP are a firm of Chartered Accountants founded in 1923. SRB & Associates, founded in 1978, is a Chartered Accountancy firm with a head office in Bhubaneswar.

Profile of B M Chatrath & Co.

B M Chatrath & Co. LLP has been operational for over 100 years. The firm has offices in Kolkata, Delhi, Noida, Mumbai, Hyderabad, Jaipur, Vijayawada, and Bengaluru. They provide services across various divisions, including Audit, Taxation, Back End Support, Financial Planning & Feasibility Study, and Compliance of Labour Laws. They have 17 partners and more than 300 audit staff.

Profile of SRB & Associates

SRB & Associates has a presence in India, with its head office in Bhubaneswar and branches in cities like New Delhi, Kolkata, Hyderabad, Patna and Jajpur Road. With a workforce of over 300, the firm specializes in Assurance, Taxation, Corporate and Transaction Advisory and business support Services.

Source: BSE

Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with NBCC (India) Limited on September 19, 2025. The MoU focuses on the development of commercial plots at Kaushambi, Ghaziabad (Uttar Pradesh), institutional plots at Panchkula (Haryana), construction of additional blocks at HUDCO Regional Office, Ahmedabad (Gujarat), and reconstruction of residential flats at Asian Games Village Complex, New Delhi.

Partnership for Urban Development

HUDCO and NBCC (India) Limited have formalized a partnership through a Memorandum of Understanding (MoU). This agreement, signed on September 19, 2025, aims to leverage the expertise of both organizations to undertake significant urban development projects.

Key Projects Under the MoU

The MoU outlines several key areas of collaboration, including:

• Development of a commercial plot at Kaushambi, Ghaziabad (Uttar Pradesh).
• Development of an institutional plot at Panchkula (Haryana).
• Construction of additional blocks at the HUDCO Regional Office, Ahmedabad (Gujarat).
• Reconstruction of residential flats at Asian Games Village Complex, New Delhi.

These projects will be executed on a turnkey basis as Deposit work.

Leadership Involvement

The MoU was signed by Shri Sanjay Kulshrestha, CMD, HUDCO and Shri K. P. Mahadevaswamy, CMD, NBCC. Senior officials from both organizations were present, highlighting the importance of this collaboration.

Source: BSE

Vodafone Idea has received an order confirming a penalty of ₹6,47,13,708 under the Finance Act, 1994, related to alleged incorrect availing of CENVAT credit on capital goods. The company disagrees with the order and intends to file an appeal. The maximum financial impact is to the extent of the tax demand, interest, and penalty levied. The order was received on September 18, 2025.

Penalty Order Details

Vodafone Idea Limited has been issued an order confirming a penalty related to alleged irregularities under the Finance Act, 1994. The order, received on September 18, 2025, pertains to issues regarding CENVAT credit.

Financial Impact and Response

The confirmed penalty amounts to ₹6,47,13,708. This penalty has been imposed under Rule 15(3) of the CENVAT Credit Rules, 2004, read with Section 78(1) of the Finance Act, 1994, inclusive of applicable tax and interest.

Vodafone Idea disagrees with the order and plans to appeal against it. The maximum financial impact is capped at the amount of tax demand, interest, and penalty levied.

Reason for Penalty

The penalty has been levied due to alleged incorrect availing of CENVAT credit on capital goods. The order was passed by the Principal Commissioner, Central GST, Ahmedabad, Gujarat.

Source: BSE

Garden Reach Shipbuilders & Engineers Limited has appointed M/s Mehta & Mehta, Company Secretaries, as its Secretarial Auditor for a term of five financial years, commencing from FY 2025-26 and concluding in FY 2029-30. The appointment was approved at the 109th Annual General Meeting held on September 19, 2025.

Secretarial Auditor Appointment

Garden Reach Shipbuilders & Engineers Limited has officially announced the appointment of M/s Mehta & Mehta, Company Secretaries, as the new Secretarial Auditor. This decision was formalized during the company’s 109th Annual General Meeting, held on September 19, 2025.

Term of Appointment

The term for the appointed Secretarial Auditor spans five consecutive financial years, beginning with FY 2025-26 and concluding in FY 2029-30. This appointment aims to ensure compliance and provide expert oversight in secretarial matters for the company during this period.

Source: BSE

Oil India Limited (OIL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have signed a Joint Venture Agreement (JVA) to develop 1.2 GW of renewable energy projects in Rajasthan. The JVC will develop 1000 MW of solar and 200 MW of wind power within RVUNL’s Renewable Energy Park, supporting India’s green energy goals and net-zero carbon emission targets by 2040.

Renewable Energy Partnership

Oil India Limited (OIL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have formalized a Joint Venture Agreement (JVA) aimed at developing significant renewable energy capacity in Rajasthan. The agreement, signed on September 19, 2025, paves the way for establishing a Joint Venture Company (JVC) to execute the projects.

Project Details and Capacity

The JVC will focus on developing 1.2 GW of renewable energy projects, comprising 1000 MW of solar and 200 MW of wind energy. These projects will be located within RVUNL’s Renewable Energy Park in Rajasthan. This initiative leverages the expertise of both OIL and RVUNL to contribute to sustainable energy solutions.

Strategic Focus and Objectives

The partnership will harness OIL’s energy sector expertise and RVUNL’s extensive experience in power project development. The JVC will concentrate on solar, wind, green hydrogen, and other renewable energy initiatives, supplying clean power to Distribution Companies (DISCOMs) and commercial customers.

Commitment to Green Energy

This JVA aligns with Oil India’s goal of achieving net-zero carbon emissions by 2040. Furthermore, Oil India has established OIL Green Energy Limited (OGEL), a wholly owned subsidiary that drives OIL’s clean energy strategy by building a diversified portfolio in renewables, compressed biogas (CBG), energy storage, and green hydrogen.

Source: BSE

Mphasis announced that it has received an ‘A’ rating in its latest ESG (Environmental, Social, and Governance) assessment by MSCI. This rating was effective as of July 28, 2025 and reflects the company’s commitment to sustainable and responsible business practices. The latest report was updated on September 04, 2025. Details regarding the company’s ESG rating are available on the company website.

MSCI ESG Rating Update

Mphasis has been rated ‘A’ in its Environmental, Social, and Governance (ESG) assessment conducted by MSCI. The announcement was made on September 19, 2025, highlighting the company’s dedication to ESG standards.

Rating Details and Availability

The ‘A’ rating, effective as of July 28, 2025, indicates a strong performance in managing ESG risks and opportunities. The last report update was on September 04, 2025. Further details on the ESG rating can be found on the company’s website.

Source: BSE

PNC Infratech has received a Letter of Acceptance from the Bihar State Road Development Corporation (BSRDC) for the construction of a high-level bridge and approach road. The project, located in Bihar, is valued at ₹495.54 Crores and is expected to be completed in 1095 days (3 years). The LOA was issued on September 18, 2025.

New Project Awarded in Bihar

PNC Infratech has been awarded a significant project by the Bihar State Road Development Corporation (BSRDC). The company received the official Letter of Acceptance (LOA) on September 18, 2025, for a new construction project in the state of Bihar.

Project Details

The project entails the construction of a High Level Bridge and Approach Road on Hathouri-Atrar-Bavangama-Aurai Road (Length-21.30 km) in Bihar. This is an EPC (Engineering, Procurement, and Construction) mode project under Civil Work Contract Package No. BSHP-IV (Phase-1)/EPC/Pkg-5.

Project Value and Timeline

The total consideration for this project is ₹495.54 Crores (Rupees Four Hundred Ninety-Five Crore and Fifty-Four Lakh only). The project is expected to be completed within a period of 1095 days (3 years).

Source: BSE

Garden Reach Shipbuilders & Engineers Limited has appointed M/s. Guha Nandi & Co as its statutory auditors for the financial year 2025-26. The appointment, effective from September 19, 2025, follows the approval of the Comptroller & Auditor General of India. M/s. Guha Nandi & Co brings extensive experience, having served numerous Public Sector Undertakings.

Statutory Auditor Appointment

Garden Reach Shipbuilders & Engineers Limited (GRSE) has announced the appointment of M/s. Guha Nandi & Co, Chartered Accountants, Kolkata, as the company’s statutory auditors for the financial year 2025-26. The appointment is effective from September 19, 2025.

Details of the Appointed Auditor

The appointment of M/s. Guha Nandi & Co was made following the approval of the Comptroller & Auditor General of India via letter dated September 11, 2025. The firm has extensive experience in auditing various Public Sector Undertakings. M/s. Guha Nandi & Co has 11 partners, 5 of whom are DISA qualified. They also employ 2 qualified chartered accountants and 3 qualified cost & management accountants.

Auditor’s Profile

M/s Guha Nandi & Co, established in 1954, is a long-standing audit firm in Eastern India. They have experience in auditing around 76 Public Sector Undertakings across various sectors including mining, power, aluminum, manufacturing, and shipbuilding. They have also served as central statutory auditors for various Public Sector Banks for 23 years. They also possess considerable experience in conducting internal audits of PSUs and Banks.

Source: BSE