Zen Technologies has transferred 2,500 equity shares to eligible employees following the exercise of stock options under the ‘Zen Technologies Limited Employee Stock Option Plan-2021’. The shares, with a face value of ₹1 each, were transferred from the Zen Technologies Limited Employees Welfare Trust. The newly allotted shares rank equally with existing equity shares, with no impact on the company’s paid-up share capital.

ESOP Exercise and Share Transfer

Zen Technologies Limited announced on September 16, 2025, the transfer of 2,500 equity shares. This transfer is related to the exercise of options previously granted to eligible employees under the ‘Zen Technologies Limited Employee Stock Option Plan-2021’.

Details of the Share Transfer

The shares, each with a face value of ₹1, were transferred from the Zen Technologies Limited Employees Welfare Trust. This trust was established specifically to manage and implement the employee stock option scheme. The transfer occurred after the completion of the applicable vesting period for the employees involved.

Impact on Share Capital

The company confirmed that the shares allotted rank equally with the existing equity shares of Zen Technologies Limited. Furthermore, the company stated that this transfer did not result in any change to the paid-up share capital.

Key Details of Transferred Shares

Equity shares

₹1

September 15, 2025

2,500

₹100

₹99

9,02,90,356

9,02,90,356

Source: BSE

Lodha Developers Limited has announced the allotment of 35,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹350 crore. The Executive Committee approved the allotment on September 16, 2025, through a private placement basis. These “Secured NCDs” bear an interest rate of 7.87% p.a. payable quarterly, with the first payment due on December 31, 2025.

Debenture Allotment Details

Lodha Developers Limited has successfully allotted 35,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures. Each debenture has a face value of ₹1,00,000, bringing the total allotment to ₹350 crore. The allotment was approved by the Executive Committee on September 16, 2025, and issued through private placement.

Key Terms of the NCDs

The debentures carry an interest rate of 7.87% p.a., payable quarterly. The interest payment schedule begins on December 31, 2025, with subsequent payments made quarterly until the final maturity date. The maturity date for these debentures is September 15, 2029.

Security and Redemption

The NCDs are secured by a first-ranking charge over certain assets. In case of a delay in interest or principal payment for more than 3 months, a default interest of 2% per annum above the applicable interest rate will be levied. Redemption will be at face value in 12 quarterly installments, commencing from December 31, 2026, with the last installment due on the final maturity date.

Source: BSE

Tata Power Renewable Energy Limited (TPREL) has partnered with Suzlon to co-develop wind energy projects with a combined capacity of 838 MW. This collaboration will support TPREL’s renewable energy expansion across multiple states and contribute to India’s goal of achieving 500 GW of renewable energy capacity by 2030. The projects are scheduled for completion over the next few years.

Strategic Alliance for Renewable Growth

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has entered into an agreement with Suzlon Group for the supply of wind turbine generators totaling 838 MW. This alliance underscores TPREL’s commitment to India’s green energy transition. The wind turbines will support multiple projects in different states, with completion anticipated over the next few years.

Expanding Wind Energy Portfolio

This initiative strengthens TPREL’s role in achieving India’s renewable energy targets. TPREL’s wind energy portfolio exceeds 3.9 GW, including over 1 GW already operational and additional capacity under development across Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu. The partnership highlights TPREL’s focus on scaling up reliable, dispatchable, and economically viable wind-led clean energy projects.

Comprehensive Solution by Suzlon

Under the agreement, Suzlon will provide an end-to-end solution for these wind energy projects, leveraging their expertise in the wind energy sector. This marks the third strategic collaboration between TPREL and Suzlon, building upon a strong partnership established over a decade.

Tata Power’s Clean Energy Commitment

This collaboration supports Tata Power’s objective of achieving 100% clean energy by 2045. Currently, Tata Power’s renewable energy portfolio totals 15.7 GW, with 6.9 GW sourced from clean energy. This initiative further solidifies Tata Power’s commitment to sustainable energy solutions.

Source: BSE

Larsen & Toubro’s Heavy Civil Infrastructure (HCI) business has secured a significant order from the Nuclear Power Corporation of India Ltd (NPCIL) for the Kudankulam Nuclear Power Project (KKNPP – 5 & 6). The project involves the mechanical package, including reactor and turbine systems. This win underscores L&T’s expertise in nuclear power infrastructure projects. The contract value falls within the ₹1,000 to ₹2,500 crore range.

Significant Order Secured

Larsen & Toubro (L&T) has announced that its Heavy Civil Infrastructure (HCI) business vertical has secured a substantial order from Nuclear Power Corporation of India Ltd (NPCIL). The official announcement was made on September 16, 2025. This significant order underscores L&T’s strong position in the nuclear power infrastructure sector.

Project Details

The order pertains to the 2X1000 MWe Kudankulam Nuclear Power Project (KKNPP – 5 & 6) located in Tamil Nadu. The scope of work includes the mechanical package for the project. This encompasses the installation of the nuclear reactor and turbine systems (including generator and condenser), sea water systems, polar and trestle cranes, and other related equipment. It also includes accessories, piping, supports, structural steelwork, painting, anti-corrosion coating, insulation, and full testing across various buildings and structures on the site.

Financial Significance

According to L&T’s project classification guidelines, this order falls under the ‘Significant’ category, which denotes projects valued between ₹1,000 to ₹2,500 crore. This win boosts L&T’s order book and reinforces its track record in delivering complex projects.

Strategic Impact

This order further reinforces L&T’s track record and proven expertise in delivering complex and large-scale nuclear power infrastructure projects for India’s clean energy mission. It highlights L&T’s commitment to contributing to the growth of India’s nuclear energy sector.

Source: BSE

Suzlon Group has secured its largest order for FY26, an 838 MW project, from Tata Power Renewable Energy Limited (TPREL). The project encompasses 266 wind turbines across three states. This deal highlights the growing significance of wind energy in India’s renewable sector and marks Suzlon’s second-largest order, boosting its commitment to sustainable energy solutions.

Significant Order Details

Suzlon Group has announced its largest order for FY26, totaling 838 MW, from Tata Power Renewable Energy Limited (TPREL). This project is part of TPREL’s Firm and Dispatchable Renewable Energy (FDRE) initiative.

Project Scope and Components

The project will utilize 266 of Suzlon’s S144 wind turbines, each with a rated capacity of 3.15 MW. These turbines will be strategically located across:

• Karnataka (302 MW)
• Maharashtra (271 MW)
• Tamil Nadu (265 MW)

This order is also Suzlon’s second-largest to date following a 1,544 MW order from NTPC Green Energy.

Strategic Importance

This project reinforces Suzlon’s role in India’s transition to reliable, grid-stable clean power. Suzlon aims to provide energy solutions that are both reliable and cost-efficient, integrating smoothly into India’s One Grid system.

Executive Commentary

Girish Tanti, Vice Chairman of Suzlon Group, stated that this order supports Tata Power Renewable Energy’s strategic goal to achieve 100% clean power by 2045. He highlighted the partnership, spanning over a decade, and emphasized the shared commitment to India’s energy transition. JP Chalasani, CEO of Suzlon Group, added that TPREL’s standards for technology and execution drive the industry forward, ensuring wind energy plays a vital role in delivering dispatchable clean power.

Source: BSE

IndusInd Bank announces that Charu Sachdeva Mathur, Head of Digital Banking & Strategy, has resigned from her position, effective December 14, 2025. She is leaving to pursue new opportunities. The bank has formally acknowledged her resignation, as communicated via email on September 15, 2025. Her responsibilities will be transitioned as the bank moves forward with its digital strategy.

Management Change

Charu Sachdeva Mathur, who served as the Head of Digital Banking & Strategy at IndusInd Bank, has tendered her resignation. The effective date of her departure is December 14, 2025.

Reason for Departure

Ms. Mathur is resigning to explore new opportunities outside of the bank. The bank received her resignation via email on September 15, 2025. During her tenure, she oversaw digital banking initiatives and strategy.

Impact and Transition

The bank is taking steps to ensure a smooth transition following Ms. Mathur’s departure. The leadership team will be working to minimize any disruption to ongoing projects and strategic goals within the Digital Banking division.

Source: BSE