Tata Technologies has received a tax order demanding INR 20.09 lakh plus an equivalent penalty and interest, totaling approximately INR 40 lakh. The demand arises from a disallowance of input tax credit (ITC) under the Central Goods and Services Tax Act, 2017. The company is contesting the order and filing an appeal. The company believes this will not materially impact financials or operations.

Tax Demand Received

Tata Technologies has received an order from the Assistant Commissioner of Central Tax, Pune, demanding tax related to the rejection of input tax credit (ITC). The order, dated September 8, 2025, specifies a tax demand of INR 20,09,199.

Details of Disallowance

The tax demand includes an equivalent penalty of INR 20,09,199, plus applicable interest. This brings the total amount owed to approximately INR 40 lakh. The disallowance is based on the claim that the ITC was incorrectly availed under Section 16(2) of the CGST Act, 2017, because a vendor did not submit the relevant GSTR 3B returns for the period in question. This was communicated on September 15, 2025.

Company Response

Tata Technologies is in the process of filing an appeal against the order. The company maintains that the ITC was correctly availed and believes that there will be no material impact on its financials, operations, or other activities as a result of this penalty. The company will pursue all options to defend its position and ensure compliance with GST provisions.

Source: BSE

YES BANK has been assigned an Environmental, Social, and Governance (ESG) Rating of ’69’ by SEBI registered ESG Rating Provider, ESG Risk Assessments and Insights Limited. The rating is based on the bank’s FY 2024-2025 disclosures and other publicly available data. YES BANK has not engaged ESG Risk Assessments and Insights Limited for ESG Ratings.

ESG Rating Assignment

YES BANK announced that it has been assigned an Environmental, Social, and Governance (ESG) Rating of ’69’. This rating was provided by ESG Risk Assessments and Insights Limited, a SEBI registered ESG Rating Provider (ERP). The ESG rating was assigned on September 16, 2025.

Basis of the Rating

The ESG Rating of ’69’ is based on YES BANK’s disclosures for the fiscal year 2024-2025, as well as other publicly accessible information. The rating reflects an independent assessment of YES BANK’s performance and commitment to ESG factors.

Independent Assessment

YES BANK clarifies that it has not engaged ESG Risk Assessments and Insights Limited for ESG Ratings. The ERP has independently assigned the ESG Rating based on available data. The information is available on the bank’s website, www.yesbank.in.

Source: BSE

The U.S. Food and Drug Administration (FDA) has concluded its inspection of Lupin’s injectable facility in Nagpur. The inspection, conducted from September 8 to September 16, 2025, closed with six observations. Lupin has stated its commitment to address the observations within the stipulated timeframe and maintain compliance with CGMP quality standards across all facilities. The company considers this a disclosure under relevant SEBI regulations.

FDA Inspection Concluded

Lupin has announced the completion of an inspection by the U.S. Food and Drug Administration (FDA) at its Nagpur injectable facility. The inspection took place between September 8 and September 16, 2025.

Inspection Findings

The U.S. FDA inspection concluded with a total of six observations noted. Lupin has committed to addressing these observations in a timely manner and to upholding stringent quality standards.

Commitment to Quality

Lupin has reaffirmed its commitment to complying with CGMP quality standards across all its facilities. The company intends to respond to the U.S. FDA’s findings within the established timeframe.

Source: BSE

CEAT has been assigned an overall ESG score of 60, placing it in the ‘Adequate’ category. This assessment, conducted by ESG Risk Assessments and Insights Limited, is based on the company’s disclosures. This score reflects CEAT’s commitment to environmental, social, and governance practices, and its alignment with sustainability standards.

ESG Rating Update

CEAT has received an Environmental, Social, and Governance (ESG) score of 60, as evaluated by ESG Risk Assessments and Insights Limited. This score places the company within the ‘Adequate’ category.

The assignment of this ESG score reflects CEAT’s performance and transparency in its environmental, social, and governance practices. This achievement aligns with CEAT’s ongoing efforts to integrate sustainability into its operations and business strategy.

Implications of the Rating

The ‘Adequate’ ESG score demonstrates CEAT’s commitment to responsible corporate citizenship. This score may influence investor perceptions and stakeholders’ confidence in the company’s long-term sustainability and ethical conduct.

Source: BSE

Swan Corp has announced the appointment of Ms. Shanaya Manish Munot as an Additional Independent Women Director and Mr. Bhushan Kishor Joshi as Company Secretary and Compliance Officer, both effective September 16, 2025. Ms. Munot brings extensive experience in technology, insurance, and social welfare. Mr. Joshi has over 10 years of corporate law and compliance experience, strengthening the company’s governance structure.

Board Strengthens Leadership Team

Swan Corp’s Board of Directors has approved the appointments of key personnel to bolster its leadership and governance.

Appointment of Ms. Shanaya Manish Munot

Ms. Shanaya Manish Munot has been appointed as an Additional Independent Women Director, effective September 16, 2025. Her term is set for 5 years, concluding on September 15, 2030, subject to shareholder approval.

Ms. Munot is the Founder & CEO of BhoomiSure. She brings experience in technology, insurance, and social welfare. She previously worked as an Investment Banker at UBS in EMEA and holds a Bachelor of Science in Foreign Service from Georgetown University.

Appointment of Mr. Bhushan Kishor Joshi

Mr. Bhushan Kishor Joshi has been appointed as Company Secretary and Compliance Officer, also effective September 16, 2025. He will also serve as a Key Managerial Personnel for the company.

Mr. Joshi is a Commerce Graduate and an Associate Member of the Institute of Company Secretaries of India (ICSI), with over 10 years of corporate experience in corporate laws and compliances.

Source: BSE

NLC India has received a Letter of Intent (LoI) from the Government of Chhattisgarh for the development of Semhardih Phosphorite & Limestone Block and Raipura Phosphorite & Limestone Block of Balod, Chhattisgarh. This development marks a significant step in NLC India’s strategic expansion and diversification into new mining areas, bolstering its resource portfolio and supporting future growth initiatives.

Chhattisgarh Mining Expansion

NLC India has been granted a Letter of Intent (LoI) by the Government of Chhattisgarh for key mining blocks. The two blocks are the Semhardih Phosphorite & Limestone Block and Raipura Phosphorite & Limestone Block, both located in Balod, Chhattisgarh. This is a significant move for the company as it expands its mining footprint.

Future Implications

The acquisition of these blocks is expected to enhance NLC India’s resource base and contribute to its long-term growth strategy. With these new blocks, NLC India is positioned to strengthen its presence in the region. This development supports the company’s efforts to secure resources and expand its operations in the mining sector.

Source: BSE

RailTel Corporation of India announces that Mrs. Sunita Singh, PED/HR, has been repatriated to her parent cadre upon completion of her deputation tenure. Consequently, she ceased to be part of the Senior Management of the Company, effective September 16, 2025. No relationships between directors were disclosed in this change.

Management Transition

RailTel Corporation of India has announced a change in its senior management. Effective September 16, 2025, Mrs. Sunita Singh, who held the position of PED/HR, is no longer part of the senior management team.

Reason for Cessation

The cessation of Mrs. Sunita Singh’s role as PED/HR is due to her repatriation to her parent cadre after the completion of her deputation tenure with RailTel. This change is effective as of September 16, 2025.

Additional Information

There are no reported disclosures of relationships between directors associated with this management change. The company has stated that information is not applicable in this scenario.

Source: BSE

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