IREDA has announced the cancellation of its scheduled meetings with analysts and institutional investors in London, which were to take place between November 12th, 2025, and November 14th, 2025. The cancellation is due to unforeseen official reasons. This decision has been communicated to relevant parties and is for informational purposes.

Investor Meeting Update

Please note that meetings previously scheduled with institutional investors and analysts in London have been cancelled. The meetings were originally planned for the period of November 12th, 2025 to November 14th, 2025.

Reason for Cancellation

The cancellation of the investor meetings in London is attributed to unavoidable official exigencies. Therefore, the meetings will no longer take place during the specified timeframe.

Official Communication

This information is being provided to keep members and the public informed about the change in schedule. All parties involved have been notified of the cancellation.

Source: BSE

BASF India has signed a Share Purchase Agreement to acquire 26% equity share capital in Clean Max Amalfi Private Limited. The acquisition, conducted through Clean Max Enviro Energy Solutions Limited, involves an investment not exceeding Rs. 65.93 mio. This move is intended to secure approximately 28,860 MWh of renewable power annually for BASF’s manufacturing plants, furthering their commitment to sustainable energy.

Equity Stake Acquisition

BASF India has formalized an agreement to acquire a significant equity stake in Clean Max Amalfi Private Limited, signaling a move towards enhancing its renewable energy portfolio. The agreement, signed on November 11, 2025, involves acquiring 26% equity share capital of Clean Max Amalfi Private Limited.

Renewable Energy Procurement

The acquisition aims to procure approximately 28,860 MWh of renewable power annually, which includes green attributes. This power will support BASF’s manufacturing sites at Dahej and Panoli, contributing to a lower carbon footprint. The investment for this acquisition will not exceed Rs. 65.93 mio.

Strategic Rationale

This strategic move is designed to leverage renewable energy sources, specifically wind-solar hybrid power, to meet the energy needs of BASF’s key manufacturing locations. By using Captive Power Generation Mechanisms, BASF aims to benefit from the prevailing renewable energy policies of Gujarat. The closing of the transaction is subject to customary conditions and receipt of approvals.

Source: BSE

Aegis Vopak Terminals Limited (AVTL) reported a 26.2% increase in revenue from operations in Q2 FY’26, reaching INR 187.6 crores. The company is expanding its storage footprint, enhancing throughput efficiency, and diversifying into new products and regions. New LPG terminals at Pipavav and Mangalore are fully operational. AVTL also proposes acquiring a 75% stake in Hindustan Aegis LPG Limited, marking entry into the East Coast market.

Financial Performance

Aegis Vopak Terminals Limited (AVTL) showcased strong financial results for Q2 FY’26:

• Revenue from operations increased by 26.2% year-on-year to INR 187.6 crores.
• Liquid terminalling revenue reached INR 106 crore, a 28.3% increase year-on-year.
• Gas terminalling division revenue reached INR 81.5 crore, a 23.7% increase year-on-year.
• Operating EBITDA increased by 25.8% to INR 137.4 crores.
• Profit growth was 141.8% year-on-year, clocking in at Rs. 53.9 crores.

Strategic Expansion and Key Developments

AVTL is actively pursuing strategic expansions across multiple ports:

• Haldia Port: Integration with Hindustan Aegis HALPG will add to its network. Additional land has been allotted for future expansion.
• JNPA Port: Expansion program is underway with an investment of Rs. 1,675 crores. A new liquid terminal is expected to be commissioned before the end of the financial year.
• Kandla Port: KGPL and JLPL pipelines are expected to become operational soon. VLGC berthing will commence in Q3 FY’26. A new liquid terminal with 94,148 cubic meters of storage is under development. A non-binding MoU was signed with Larsen & Toubro for setting up Ammonia Terminals.
• Kochi Port: Planning to add another 60,000 cubic meters of capacity.
• Pipavav Port: Total LPG capacity stands at 70,800 metric tons. Construction of India’s first independent Ammonia Terminal is underway.
• Mangalore Port: The 82,000 metric ton cryogenic LPG terminal was commissioned in June. Plans to add another 60,000 cubic meters of liquid capacity.
• A non-binding memorandum of understanding was signed to invest in the Vadhavan Port for around Rs. 20,000 crores.

Financial Outlook

AVTL maintains a disciplined approach to capital deployment, aiming for a cumulative capital expenditure of USD 1.2 billion by next year and targeting an aggregate CAPEX of around USD 5 billion by 2030.

Source: BSE

Godrej Properties reported a strong Q2 FY26, with bookings up 64% year-on-year to ₹8,505 crore. Net profit increased by 21% to ₹405 crore. The company achieved record sales in Hyderabad and is on track to exceed its full-year booking value guidance of ₹32,500 crore. GPL was ranked #1 globally in real estate sustainability by GRESB in 2025.

Financial Highlights

Godrej Properties (GPL) announced robust financial results for Q2 FY26, demonstrating significant growth across key metrics:

• Booking Value: Increased by 64% year-on-year to ₹8,505 crore, crossing annual bookings of FY22.
• Net Profit: Rose by 21% year-on-year to ₹405 crore.
• Half-Year Net Profit: Reached ₹1,005 crore, an 18% increase year-on-year.
• Total Income: Increased 39% to ₹1,867 crore for the quarter.
• EBITDA: Grew by 118% to ₹614 crore.

Key Growth Drivers

Several factors contributed to GPL’s strong performance in Q2 FY26:

• New Project Launches: Strong demand for new projects, particularly Godrej Regal Pavilion in Hyderabad, which achieved bookings of ₹1,527 crore.
• Market Expansion: Successful entry into Hyderabad, with total sales of approximately ₹2,600 crore in the current calendar year.
• Consistent Performance: Nine consecutive quarters with sales exceeding ₹5,000 crore.
• Four Markets Exceeding ₹1,500 Crore: Bangalore, Mumbai, NCR, and Hyderabad each contributed over ₹1,500 crore to the booking value during the quarter.

Business Development & Sustainability

GPL added four new projects in Q2 FY26 with an estimated saleable area of 5.8 million square feet and an expected booking value of just under ₹5,000 crore. The company also received global recognition for its sustainability efforts:

• Ranked #1 globally by the Global Real Estate Sustainability Benchmark (GRESB) in 2025 with a score of 100/100.
• Ranked #1 globally in the real estate and management sector on S&P Global’s Dow Jones Western Class Index for 2025 with a score of 89/100 as of October 31, 2025.

Outlook and Strategy

Godrej Properties is on track to achieve its booking target of ₹32,500 crore in FY26, with a strong launch pipeline, robust balance sheet, and resilient demand. The company is focused on growing its collections and operating cash flow, while maintaining its commitment to sustainability and innovation.

Source: BSE

RITES Limited announced a strong performance for the second quarter ended September 30, 2025. The company reported a 32.2% YoY increase in profit after tax (PAT) and a 20.0% QoQ rise. Revenue growth was driven primarily by consultancy services, and the company secured new orders worth over ₹850 crore during the year. The board recommended an interim dividend of ₹2 per share.

Financial Performance

RITES Limited showcased robust financial results for Q2 FY26:

• Revenue: Consolidated revenue increased by 1.5% to ₹549 Crore compared to ₹541 Crore in Q2 FY25.
• Profit After Tax (PAT): PAT surged by 32.2% YoY and 20.0% QoQ.
• EBITDA: Up by 27.6% YoY.
• PBT: Increased by 31.5% YoY.

The company’s performance in the first half of the fiscal year (H1 FY26) also reflects positive momentum:

• Revenue: Consolidated revenue reached ₹1038 Crore.
• PAT: Showed significant growth, driven by execution in the consultancy segment.

Segmental Performance

The consultancy segment was a key driver of revenue growth. The company’s segmental performance is as follows:

• Consultancy: Revenue increased by 9.5%.
• Lease: Experienced a growth of 21.7%.
• Export: Recorded a substantial increase of 2523.4%.

Order Book and Future Outlook

RITES Limited’s order book remains strong, providing revenue visibility for future quarters:

• Highest ever order book at ₹9090 crore.
• Secured new orders worth over ₹850+ crore.

The company is also expanding its business through collaborations, including a business collaboration with NICC, Abu Dhabi, to tap into mining and renewable potential.

REMC Ltd Performance

• Both segments saw an increase in revenue during the quarter.

Source: BSE

CRISIL Ratings Limited has re-affirmed the rating for Sundram Fasteners Limited’s debt instruments, according to an announcement dated November 11, 2025. The rating for short term debt has been affirmed at CRISIL A1+, indicating a stable outlook for the company’s financial obligations. This re-affirmation reflects CRISIL’s assessment of the company’s creditworthiness.

Rating Re-affirmation

Sundram Fasteners Limited announced that CRISIL Ratings Limited has re-affirmed its rating for the company’s debt instruments as of November 11, 2025. This announcement highlights the continued stability and reliability of Sundram Fasteners’ financial instruments, as perceived by a leading credit rating agency.

Details of Rating

The CRISIL rating applies to the following instruments:

• Short Term Debt: CRISIL A1+
• Commercial Paper: CRISIL A1+

The CRISIL A1+ rating indicates a very strong degree of safety regarding timely payment of financial obligations. This rating affirmation suggests a stable outlook for Sundram Fasteners Limited.

Source: BSE