SBI has announced changes in the roles of several Deputy Managing Directors. The changes involve responsibilities across various domains, including retail banking, transaction banking, HR, international banking, global markets, and finance. These changes are aimed at entrusting new responsibilities to the senior management team to improve operational efficiency and strategic focus.

Senior Leadership Reassignments

SBI has announced a series of key changes in its senior management, impacting the roles and responsibilities of its Deputy Managing Directors. These changes reflect a strategic realignment within the organization.

Details of the Management Changes

Here’s a breakdown of the changes:

• Shri Arvind Kumar Singh: Now responsible for Deputy Managing Director (Retail- Personal Banking & Real Estate).
• Shri Chander Shekhar Sharma: Assigned as Deputy Managing Director (Transaction Banking & New Initiatives).
• Shri G S Rana: Appointed Deputy Managing Director (HR) & Corporate Development Officer.
• Shri Kishore Kumar Poludasu: Designated Deputy Managing Director (International Banking Group).
• Shri Shamsher Singh: Assigned as Deputy Managing Director (Global Markets).
• Shri Anindya Sunder Paul: Positioned as Deputy Managing Director (Finance).

Source: BSE

Bata India is communicating directly with concerned security holders regarding KYC (Know Your Customer) details and Nomination processes. This is in line with recent guidelines aimed at updating security holder information. Security holders can expect to receive direct communication, and relevant information will also be available on the company’s website.

KYC Update Initiative

Bata India is reaching out to its security holders to facilitate updates to KYC (Know Your Customer) details and nomination-related information. This initiative aims to ensure compliance and keep security holder records current.

Direct Communication

Security holders will receive direct communication from Bata India regarding the necessary steps for updating their KYC details and nomination preferences. This ensures that all stakeholders are informed and have the opportunity to comply with the requirements. Further details are available on the company’s website.

Source: BSE

Biocon Limited has announced the record date for the buyback of its listed Commercial Paper. The record date is set for September 18, 2025, and the redemption/buyback date is September 19, 2025. The issue size for this buyback is Rs. 600 Crore. The commercial paper is listed on the National Stock Exchange of India Limited.

Commercial Paper Buyback Details

Biocon Limited has announced the intimation of the record date for the buyback of listed Commercial Paper issued by the company. This follows their previous letter dated April 30, 2025, where the company had intimated the ‘Record Date’ and ‘Maturity Date’ of the Commercial Paper bearing ISIN INE376G14032.

Key Dates and Details

• Issue Size: Rs. 600 Crore
• ISIN: INE376G14032
• Redemption / Buyback Date: September 19, 2025
• Record Date: September 18, 2025
• Listed/Unlisted: Listed on National Stock Exchange of India Limited

Source: BSE

Federal Bank has received an ESG rating of ‘Crisil ESG 68’ from Crisil ESG Rating & Analytics Ltd. The rating, along with a Core ESG rating of ‘Crisil Core ESG 71’, was assigned based on publicly available information. The bank received the information on September 16, 2025.

ESG Rating Assigned

Federal Bank has been assigned an ESG Rating of ‘Crisil ESG 68’ by Crisil ESG Rating & Analytics Ltd.

Core ESG Rating

In addition to the ESG rating, Crisil has assigned a Core ESG rating of ‘Crisil Core ESG 71’ to Federal Bank. The ratings were assigned independently based on publicly available information.

Date of Receipt

The information regarding the ESG rating was received by Federal Bank on September 16, 2025, at 11.11 pm.

Source: BSE

Cholamandalam Investment and Finance Company has received a request from Yanmar Coromandel Agrisolutions Private Limited (YCAS) for reclassification from the ‘Promoter and Promoter group’ category to the ‘Public’ category. This request follows a reduction in Coromandel International Limited’s (CIL) shareholding in YCAS to 10.60% due to a fund infusion by Yanmar Asia (Singapore) Corporation Pte Ltd in September 2024. YCAS currently holds no shares in Cholamandalam.

Reclassification Request Details

Cholamandalam Investment and Finance Company has received a formal request on September 17, 2025, from Yanmar Coromandel Agrisolutions Private Limited (YCAS) seeking reclassification. Currently classified as part of the Promoter Group, YCAS has requested to be moved to the ‘Public’ category under listing regulations.

Reason for Reclassification

The reclassification request is triggered by a change in YCAS’s shareholding structure. Coromandel International Limited’s (CIL) stake in YCAS has decreased from 40% to 10.60%. This reduction is a result of a Rs. 149.72 Crores fund infusion by Yanmar Asia (Singapore) Corporation Pte Ltd on September 27, 2024.

Impact on Promoter Group Status

Following the allotment of 11,09,00,741 equity shares to Yanmar Singapore, YCAS no longer meets the criteria to be classified as a Promoter group company. CIL’s holding is now less than 20% of YCAS’s equity share capital. YCAS has requested to be removed from Cholamandalam’s Promoter Group list. As of the date of the request, YCAS holds no shares in Cholamandalam Investment and Finance Company.

Next Steps

The reclassification request from YCAS will be presented to the Board for review and approval. Subsequently, Cholamandalam will seek necessary approvals from the National Stock Exchange of India Limited and BSE Limited.

Source: BSE

The Board of Directors of Central Bank of India has approved an investment of ₹100 Crore into its subsidiary, Cent Home Bank Finance Ltd. The investment will be made through an infusion of Equity Capital amounting to ₹64.40 Crore and a Right issue. The Board made the decision in a meeting held on September 17, 2025.

Investment in Cent Home Bank Finance Ltd.

Central Bank of India’s board has greenlit a significant investment in its subsidiary company, Cent Home Bank Finance Ltd.

Key Investment Details

The bank will infuse Equity Capital of ₹64.40 Crore (Rupees Sixty Four Crore Forty Lakhs Only). In addition, the board approved participation in the proposed Right issue amounting to ₹100.00 Crore (Rupee One Hundred Crore Only) of the subsidiary.

Meeting Conclusion

The Board Meeting, where this decision was made, commenced at 3:00 pm and concluded at 5:15 pm on September 17, 2025.

Source: BSE

Poonawalla Fincorp has successfully allotted 3,31,48,102 fully paid-up equity shares via preferential issue. Approved on September 17, 2025, the shares, priced at ₹452.51 each, bring the total allotment value to ₹1499.98 Crore. This move increases the company’s issued and paid-up equity share capital, enhancing its financial flexibility.

Preferential Allotment Details

On September 17, 2025, the Board of Directors approved the allotment of 3,31,48,102 fully paid-up equity shares through a preferential issue. The face value of each share is ₹2, with an issue price of ₹452.51 per share, including a premium of ₹450.51.

Financial Impact of the Allotment

The total value of the allotment aggregates to ₹1499,98,47,636.02. The allottee for these equity shares is Rising Sun Holdings Private Limited, categorized as a Promoter. These equity shares rank equally with existing shares.

Revised Share Capital Structure

Following the allotment, the company’s issued, subscribed, and paid-up equity share capital has increased. It now stands at ₹162,47,13,396, comprising 81,23,56,698 fully paid-up equity shares with a face value of ₹2 each. Previously, it was ₹155,84,17,192 consisting of 77,92,08,596 fully paid-up equity shares.

Source: BSE

APAR Industries announces a name change for its wholly owned subsidiary in the USA. Effective September 15, 2025, CEMA WIRES & CABLES LLC, USA will now be known as ‘APAR USA LLC’. This change is intended to align the subsidiary’s name more closely with the parent company’s branding.

Subsidiary Rebranding

APAR Industries has announced a strategic rebranding of its wholly owned subsidiary located in the United States.

Name Change Details

As of September 15, 2025, CEMA WIRES & CABLES LLC, USA, will officially operate under the name “APAR USA LLC”. The company states this name change will enhance brand recognition and streamline operations in the North American market.

Source: BSE

CRISIL Ratings has upgraded Go Digit General Insurance Limited’s Corporate Credit Rating (CCR) to CRISIL AA-/Stable from CRISIL A+/Positive. This upgrade reflects a high degree of safety regarding the timely servicing of debt obligations, with very low credit risk associated with the insurer’s debt exposures, according to the September 17, 2025, announcement.

Credit Rating Upgrade

Go Digit General Insurance Limited has received an upgraded Corporate Credit Rating (CCR) from CRISIL Ratings. The rating has been raised to CRISIL AA-/Stable, a significant improvement from the previous CRISIL A+/Positive rating. This change indicates a stronger financial standing and a reduced risk profile for the company.

Implications of the Upgrade

The upgraded rating of CRISIL AA-/Stable signifies that Go Digit General Insurance Limited is considered to have a high degree of safety in meeting its debt obligations. Issuers with this rating are perceived as presenting a very low credit risk to investors. This upgrade enhances the company’s credibility and may lead to more favorable terms in future financial dealings.

Official Announcement

The official announcement of the rating upgrade was made on September 17, 2025, by CRISIL Ratings. The rating is subject to ongoing surveillance and review by CRISIL Ratings, which may revise or withdraw the rating based on new information or circumstances.

Source: BSE

Escorts Kubota Limited has introduced a new combine harvester, the ‘PRO588i-G’, under the Kubota brand in Punjab and Haryana. This harvester reduces air pollution by providing a profitable alternative to stubble burning. The new machine features a special threshing mechanism designed in Japan, which significantly reduces breakage of the fragile Basmati rice grains during threshing and boosts its export potential. Weighing just 2700 kilograms, it reduces soil compactness.

New Harvester Launch

Escorts Kubota Limited has launched the ‘PRO588i-G’ combine harvester, a new addition to the Kubota lineup, targeting farmers in Punjab and Haryana. This new technology offers a profitable solution for managing residual stalks, aiming to decrease the need for stubble burning and, consequently, reduce air pollution in North India.

Key Features

The ‘PRO588i-G’ introduces a unique threshing mechanism designed to minimize damage to the fragile long grains of Basmati rice. This reduces breakage, a common issue with conventional harvesters, boosting the rice’s price and export value. Furthermore, the harvested straw can be collected and reused as cattle feed or in biomass plants, providing an extra income source for farmers. The harvester weighs 2700 kg, significantly less than conventional machines, thus reducing soil compaction.

Management Commentary

Nikhil Nanda, Chairman & Managing Director, stated that the company is committed to introducing innovations that improve the lives of Indian farmers and helps in addressing the air pollution in North India.

Akira Kato, Deputy Managing Director, emphasized that the new combine harvester will help transform Indian agriculture, increase productivity, and meet sustainability goals.

Rajan Chugh, Chief Officer, Agri Solutions Business Division, added that the ‘PRO588i-G’ enhances harvesting technology in its class and will strengthen Escorts Kubota’s position in paddy crop applications.

Source: BSE