RailTel has received a Letter of Acceptance (LOA) from Bihar State Educational Infrastructure Development Corporation Limited for a significant order. The estimated size of the order is ₹57,48,88,000. The project involves the development of hybrid Smart Classrooms and ICT Labs in various educational institutions across Bihar. The project is expected to be completed by March 16, 2026.

Major Order Secured

RailTel Corporation of India Ltd. has secured a major order from Bihar State Educational Infrastructure Development Corporation Limited. The official Letter of Acceptance (LOA) was received on September 16, 2025.

Project Details

The project encompasses the development of hybrid Smart Classrooms and ICT Labs in different Colleges and Universities in Bihar, under the PM-USHA Scheme. The estimated size of the order, as per the LOA, is ₹57,48,88,000.

Project Timeline

The time period for executing the order/contract is until March 16, 2026.

Source: BSE

Amber Enterprises India has announced the approval for a Qualified Institutions Placement (QIP) issue of equity shares. The Fund Raising Committee approved the opening of the issue on September 16, 2025. The floor price for the issue has been set at ₹7,790.88 per equity share. The company may offer a discount of up to 5% on the floor price. The proceeds will be used for corporate purposes and growth initiatives.

QIP Issue Launch

Amber Enterprises India’s Board has approved the launch of a Qualified Institutions Placement (QIP) issue of equity shares. The decision was made during a meeting of the Fund Raising Committee held on September 16, 2025. This follows prior approvals from the Board of Directors on July 12, 2025, and shareholders on August 11, 2025.

Key Terms of the Issue

The floor price for the QIP issue has been set at ₹7,790.88 per equity share. This price is based on the pricing formula prescribed under the SEBI ICDR Regulations. Amber Enterprises may offer a discount of up to 5% on this floor price at its discretion. The ‘Relevant Date’ for the purpose of the issue is September 16, 2025.

Related Documentation

The company has approved and adopted the Preliminary Placement Document (PPD) dated September 16, 2025, in connection with this issue. This document will be filed with the BSE Limited and the National Stock Exchange of India Limited on September 16, 2025.

Trading Window Closure

In line with insider trading regulations, the trading window for dealing in the company’s securities remains closed for all designated persons and their immediate relatives until further notice.

Source: BSE

Capri Loans has received an assigned credit rating of “IVR AA/ Positive” from Infomerics for its enhanced Non-Convertible Debenture (NCD) limit of ₹200 Crore. Ratings on other existing instruments and facilities have been reaffirmed, reflecting a stable outlook. Key facilities, including long term bank facilities and cash credit, are reaffirmed with “IVR AA/ Positive” outlook.

Enhanced Credit Rating for NCDs

Capri Loans has been assigned a credit rating of “IVR AA/ Positive” by Infomerics Valuation and Rating Ltd. for the enhanced Non-Convertible Debenture (NCD) limit of ₹200 Crore. This rating signifies a positive outlook for the company’s financial instruments.

Reaffirmation of Existing Ratings

In addition to the new rating, Infomerics has reaffirmed the ratings for several of Capri Loans’ existing financial instruments and facilities. The reaffirmed ratings maintain the “IVR AA/ Positive” outlook, reflecting the company’s consistent financial performance.

Details of Rated Instruments

The following instruments and facilities have been rated or reaffirmed:

Proposed Non-Convertible Debenture (NCDs) – Public Issue: ₹200.00 Cr (Rating Assigned with IVR AA/ Positive outlook)

Proposed Non-Convertible Debenture (NCDs) – Public Issue: ₹200.00 Cr (increased from ₹180.00 Cr, Rating Reaffirmed with IVR AA/ Positive outlook)

Non-Convertible Debenture (NCDs): ₹320.00 Cr (increased from ₹170.00 Cr, Rating Reaffirmed with IVR AA/ Positive outlook)

Proposed Non-Convertible Debenture (NCDs): ₹180.00 Cr (reduced from ₹350.00 Cr, Rating Reaffirmed with IVR AA/ Positive outlook)

Long Term Bank Facilities – Term Loan: ₹7163.82 Cr (Rating Reaffirmed with IVR AA/ Positive outlook)

Long Term Bank Facilities Proposed Term Loan: ₹336.18 Cr (Rating Reaffirmed with IVR AA/ Positive outlook)

Long Term Bank Facilities – Cash Credit: ₹595.00 Cr (Rating Reaffirmed with IVR AA/ Positive outlook)

Source: BSE

APL Apollo Tubes Limited has appointed M/s Parikh & Associates as its Secretarial Auditors. The appointment was approved by the members at the 40th Annual General Meeting held on September 15, 2025. Their term will last for 5 consecutive years, concluding at the end of the 45th AGM in 2030. M/s Parikh & Associates is a reputable firm established in 1987.

Secretarial Auditor Appointment

APL Apollo Tubes Limited has officially appointed M/s Parikh & Associates, Company Secretaries, as the Secretarial Auditors for the company. This appointment was endorsed during the 40th Annual General Meeting (AGM) by the members on September 15, 2025.

Appointment Details

M/s Parikh & Associates will serve as the Secretarial Auditors for a tenure of 5 consecutive years. Their term officially commenced following the conclusion of the 40th AGM and will continue until the conclusion of the 45th AGM, which is scheduled to take place in the year 2030.

About Parikh & Associates

Established in 1987, M/s Parikh & Associates is a well-known firm of Practicing Company Secretaries. They have a legacy of excellence, and provide services in Corporate Law, SEBI and FEMA regulations, and other audit services. They have been Peer Reviewed and Quality Reviewed by the Institute of Company Secretaries of India (ICSI).

Source: BSE

Officials from the Competition Commission of India (CCI) conducted an inquiry at Maharashtra Seamless Limited’s New Delhi and Gurgaon offices from September 15th to 16th, 2025. The company has fully cooperated with the authority, providing all necessary information, documentation, and clarification throughout the process. The announcement confirms the conclusion of this inquiry.

Conclusion of CCI Inquiry

Maharashtra Seamless Limited confirms that officials from the Competition Commission of India (CCI) conducted an inquiry at the company’s New Delhi and Gurgaon offices between September 15th and 16th, 2025.

Full Cooperation Provided

The company affirms that it extended full cooperation to the CCI throughout the inquiry. This included providing all necessary information, documentation, and clarifications as requested by the authority. The company considers the matter now concluded.

Source: BSE

Angel One Limited has incorporated a new associate company named “Angel One LivWell Life Insurance Limited” on September 11, 2025. This move is in collaboration with LivWell Holding Company Pte. Limited. Angel One will invest approximately INR 1.04 billion to subscribe to 26% of the share capital. This investment allows Angel One to expand in the broader financial services ecosystem.

New Associate Company

Angel One Limited has announced the incorporation of a new associate company, named “Angel One LivWell Life Insurance Limited,” on September 11, 2025. The corporate identification number for the new entity is U65110KA2025FLC208328. The incorporation is a collaboration with LivWell Holding Company Pte. Limited, indicating a strategic move to broaden Angel One’s service offerings.

Strategic Investment

Angel One will invest approximately INR 1.04 billion to subscribe to 26% of the share capital of the new life insurance company. This investment will be made at face value. The investment is subject to approvals.

Industry Expansion

This investment will enable Angel One to expand its presence in the broader financial services ecosystem, complementing its existing business and driving long-term value creation for all stakeholders. The new company will engage in life insurance business in India. It will be an unlisted public company.

Source: BSE

At the 40th Annual General Meeting, APL Apollo announced changes in its auditor. Deloitte Haskins & Sells LLP completed their second five-year term and will be replaced by Walker Chandiok & Co LLP. The new appointment is effective from September 15, 2025, and extends for five years until the conclusion of the 45th AGM in 2030.

Auditor Transition

APL Apollo confirms the conclusion of Deloitte Haskins & Sells LLP’s tenure as Statutory Auditors after serving two consecutive five-year terms. Their term ended at the conclusion of the company’s 40th Annual General Meeting held on September 15, 2025.

Appointment of New Statutory Auditors

The members approved the appointment of Walker Chandiok & Co. LLP as the new Statutory Auditors. The appointment is for a term of five years, commencing from the conclusion of the 40th AGM and lasting until the conclusion of the 45th AGM, to be held in 2030. The effective date of the new auditor’s appointment is September 15, 2025.

About Walker Chandiok & Co LLP

Walker Chandiok & Co LLP, established in 1935, is a prominent audit firm. Converted into a Limited Liability Partnership in 2014, the firm has 70 partners and over 2,215 personnel operating from 15 locations in India. They are one of the four largest audit firms in India, providing audit, taxation, and management consultancy services to a diverse clientele, including many companies in the NSE top 250.

Source: BSE

Tata Communications has announced the winding-up and liquidation of its indirect subsidiary, MuCoSo B.V., effective September 16, 2025. MuCoSo B.V., based in the Netherlands, was a non-operating, wholly-owned entity. The company stated that the liquidation would have no material impact on the consolidated financials. The disclosure is available on the company’s website.

Liquidation Announcement

Tata Communications has completed the winding-up of MuCoSo B.V., a non-operating wholly owned indirect subsidiary based in the Netherlands, effective September 16, 2025. This move is part of the company’s ongoing efforts to streamline its corporate structure and optimize resource allocation.

Details of the Winding-Up

The turnover of MuCoSo B.V. for FY 2024-25 was €1,26,466, contributing 0% to the consolidated revenue of Tata Communications. The net worth of the subsidiary as of FY 2024-25 was €(6,167), also representing 0% of the consolidated net worth.

Financial Impact

As MuCoSo B.V. was an indirect subsidiary, Tata Communications confirmed that no proceeds were received from the liquidation. The company does not anticipate any material financial impact from this winding-up.

Source: BSE

Kaushal Nakrani has resigned from her position as an Independent Director of Astral Limited, effective September 16, 2025. The resignation is due to her preoccupation with other professional commitments. Nakrani also steps down from the Nomination and Remuneration Committee. The company has acknowledged her contributions and confirmed no other material reasons for her departure.

Independent Director Departure

Astral Limited announced the resignation of Mrs. Kaushal Nakrani as an Independent Director, effective September 16, 2025. Nakrani also served as a member of the Nomination and Remuneration Committee.

Reason for Resignation

The resignation is attributed to Mrs. Nakrani’s increased professional commitments. The company has stated that there are no other underlying reasons for her departure beyond those stated in her resignation letter. The Board of Directors have accepted her resignation.

Confirmation

Mrs. Kaushal Nakrani has confirmed that there are no other material reasons for her resignation other than her professional commitments.

Source: BSE

UTI Asset Management Company (AMC) has announced the resignation of Mr. Srivatsa Desikamani as Non-Executive Nominee Director, effective September 16, 2025. T. Rowe Price International Ltd withdrew its nominee. Mr. Desikamani also ceases to be the Chairman of Stakeholders Relationship Committee and member of Risk Management and Unitholder Protection Committees. He confirmed no material reason for his departure.

Director Resignation

UTI Asset Management Company (AMC) announced that Mr. Srivatsa Desikamani has resigned from his position as Non-Executive Nominee Director of the company with effect from September 16, 2025.

Reason for Resignation

The resignation follows the withdrawal of Mr. Desikamani’s nomination by T. Rowe Price International Ltd, according to an email dated September 16, 2025.

Committee Positions

Consequent to his resignation, Mr. Desikamani will also cease to be the Chairman of the Stakeholders Relationship Committee and a member of the Risk Management Committee and Unitholder Protection Committee of the company.

Director Confirmation

Mr. Desikamani has confirmed that there are no material reasons for his resignation from the Board of Directors.

Source: BSE