Britannia Industries announced that Chief Business Officer, Yudhishter Shringi, has resigned from his position to pursue an external opportunity. His last working day will be September 20, 2025. The company has accepted his resignation and is taking steps to ensure a smooth transition. Mr. Shringi oversaw the Bread, Cake, and Rusk business segment. The company has acknowledged his contributions.

Management Change Announcement

Britannia Industries has announced a change in its senior management personnel. Yudhishter Shringi, Chief Business Officer, has resigned from the company to pursue opportunities outside of Britannia.

Resignation Details

Mr. Shringi’s resignation is effective September 20, 2025, which will be his last working day with Britannia. His responsibilities included overseeing the Bread, Cake, and Rusk segment of the business.

Acknowledgement of Contributions

Britannia has formally acknowledged Mr. Shringi’s contributions to the company during his tenure. The company has stated that it is ensuring a smooth transition following his departure.

Source: BSE

Globalbees Brands Private Limited, a subsidiary of FirstCry, has acquired an additional 10% stake in Plantex E-Commerce Private Limited. Following this acquisition on September 19, 2025, Globalbees’ shareholding in Plantex has increased from 60% to 70%. Plantex, which specializes in kitchen and home utility products, recorded a turnover of INR 170.85 Crore for the financial year 2024-25.

Increased Investment in Home Utility Brand

FirstCry’s subsidiary, Globalbees Brands Private Limited, has further invested in Plantex E-Commerce Private Limited, increasing its stake. The deal was finalized on September 19, 2025.

Plantex E-Commerce Overview

Plantex E-Commerce Private Limited, established on August 01, 2020, focuses on the kitchen and home utility sector. It operates under brands such as “Plantex,” “Impulse,” and “Planet”.

Financial Performance

Plantex’s recent financial performance includes:

• 2024-25: INR 170.85 Crore
• 2023-24: INR 129.19 Crore
• 2022-23: INR 52.85 Crore

The turnover for 2024-25 was INR 170.85 Crore.

Acquisition Details

Globalbees acquired an additional 10% shareholding in Plantex from existing shareholders for INR 19.96 Crores. This increases Globalbees’ total stake in Plantex to 70% from the previous 60%.

Source: BSE

Godrej Consumer Products Limited has infused USD 85 Million into its Wholly Owned Subsidiary, Godrej Mauritius Africa Holdings Limited (GMAHL), on September 19, 2025. This equity infusion aims to strengthen and deleverage GMAHL’s balance sheet. Godrej Consumer Products continues to hold 100% of GMAHL’s paid-up share capital following this transaction, with no increase in the company’s total financial commitment.

Equity Infusion in GMAHL

Godrej Consumer Products Limited (GCPL) announced on September 19, 2025, that it has invested additional equity into Godrej Mauritius Africa Holdings Limited (GMAHL), its Wholly Owned Subsidiary. The total equity infused amounts to USD 85 Million.

Purpose of the Investment

The purpose of this investment is to strengthen and deleverage the balance sheet of GMAHL. This infusion will help in supporting the long-term financial health of the subsidiary. The transaction does not increase the total financial commitment of GCPL under the Foreign Exchange Management Act and related regulations.

Shareholding Structure

Following this equity infusion, Godrej Consumer Products continues to hold 100% of the total paid-up share capital of GMAHL. The infusion comprised of 8,09,52,381 Equity Shares of USD 1.05 each.

About GMAHL

Godrej Mauritius Africa Holdings Limited is an Investment Holding Company incorporated on March 14, 2011, in Mauritius. As an investment holding company, GMAHL has no operational turnover.

Source: BSE

Garden Reach Shipbuilders & Engineers (GRSE) has secured a contract with Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG for the construction of four Hybrid Multi-Purpose Vessels (MPVs). The total value of the contract is USD 62.44 million. These vessels, designed for diverse cargo, will feature state-of-the-art battery-assisted hybrid propulsion systems, enhancing fuel efficiency and aligning with decarbonization goals. Delivery is expected within 33 to 42 months.

Hybrid Vessel Contract

Garden Reach Shipbuilders & Engineers (GRSE) has announced the signing of a contract with Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG, based in Hamburg, Germany. The agreement, finalized on September 19, 2025, covers the construction of four Hybrid Multi-Purpose Vessels (MPVs).

Contract Value and Vessel Specifications

The total contract is valued at USD 62.44 million. These Hybrid MPVs are designed with flexibility and environmental consciousness in mind. Key specifications include:

• Battery-assisted hybrid propulsion systems
• Enhanced fuel efficiency
• Capabilities for flexible cargo handling

The new vessels will measure 120 meters in length and 17 meters in width, with a maximum draft of 6.75 meters, and a carrying capacity of 7,500 metric tonnes.

Project Timeline and Strategic Impact

GRSE expects the construction and delivery of the vessels to take between 33 to 42 months from the contract’s effective date. This contract is GRSE’s first major international export order in the commercial vessel segment. The vessels are also designed to carry multiple large windmill blades, supporting the renewable energy logistics sector.

Source: BSE

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