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Jindal Saw: Competition Commission of India Visits Delhi Offices

Officials from the Competition Commission of India (CCI) visited Jindal Saw’s Delhi offices between September 15, 2025, and September 16, 2025, concerning an ongoing investigation. Jindal Saw has stated it is extending full cooperation to the authorities during this process and will continue to update the Stock Exchange(s) on further developments. Certain media channels have also reported on this matter.

CCI Visit to Delhi Offices

Between September 15, 2025, and September 16, 2025, officials from the Competition Commission of India (CCI) visited the offices of Jindal Saw in Delhi. This visit is related to an investigation by the CCI.

Company’s Cooperation

Jindal Saw has stated that they have extended full cooperation to the authorities during this investigation. The company has also stated that it will continue to keep the Stock Exchange(s) updated on further developments.

Media Reporting

Certain media and news channels have reported on this matter.

Source: BSE

LIC: Update on Analyst/Institutional Investor Meet/Conference

Life Insurance Corporation of India (LIC) has announced that representatives of the Corporation participated in an Investor Meet organized by Jefferies – 4th India Forum. During the meet, no unpublished price-sensitive information was shared or discussed. The event took place on September 16, 2025, at Hotel Oberoi, Gurugram, Haryana, involving group and one-on-one meetings.

Participation in Investor Meet

Life Insurance Corporation of India (LIC) representatives engaged in an Analyst/Institutional Investor Meet/Conference organized by Jefferies – 4th India Forum.

Details of the Investor Meet

The Investor Meet took place on September 16, 2025, at Hotel Oberoi, Gurugram, Haryana. The format included group and one-on-one meetings with investors.

Information Disclosure

During the Investors’ Meet, the representatives of LIC did not share or discuss any unpublished price-sensitive information. This communication follows their earlier filing dated September 10, 2025.

Source: BSE

Indian Overseas Bank: Executive Director Joydeep Dutta Roy’s Tenure Extended

Indian Overseas Bank (IOB) has announced the extension of tenure for Executive Director, Shri Joydeep Dutta Roy. The extension is effective beyond October 20, 2025, for a period of three years, or until further notice, whichever occurs earlier. This decision was made under the powers conferred by relevant banking regulations and approved by the Central Government.

Tenure Extension Announcement

Indian Overseas Bank (IOB) has officially declared the extension of the term of office for its Executive Director, Shri Joydeep Dutta Roy, effective beyond October 20, 2025. The decision, announced on September 16, 2025, pertains to Shri Joydeep Dutta Roy (DOB: 01.07.1972).

Terms of Extension

Shri Joydeep Dutta Roy’s tenure is extended for a period of three years beyond October 20, 2025, or until further orders, whichever is earlier. This extension has been approved under the powers conferred by clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and subsequent amendments. The Central Government approved the extension via Notification No.4/4(i)/2024-BO.I dated September 15, 2025.

Source: BSE

Godrej Industries: Approves Issuance of ₹800 Crore in Debentures

Godrej Industries has approved the issuance of up to ₹800 Crore in Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) through private placement. This issuance includes two series of debentures, each with a face value of ₹1,00,000, with the option to retain oversubscription. The funds raised are expected to support the company’s financial strategies and growth initiatives. The decision was made on September 16, 2025.

Details of the Debenture Issuance

Godrej Industries has announced the approval of a private placement for Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) amounting to ₹800 Crore. The approval was granted on September 16, 2025.

Series 1 Debentures

The company will issue up to 27,500 debentures with a face value of ₹1,00,000 each, aggregating up to ₹275 Crore. An option to retain oversubscription of up to ₹125 Crore is available, bringing the potential total to ₹400 Crore under “SERIES 1 DEBENTURES”.

Series 2 Debentures

Similar to Series 1, Series 2 will also involve the issuance of up to 27,500 debentures, each with a face value of ₹1,00,000, totaling ₹275 Crore. The oversubscription option allows for an additional ₹125 Crore, reaching a total of ₹400 Crore under “SERIES 2 DEBENTURES”.

Purpose of the Issuance

The funds raised through this private placement are intended to support Godrej Industries’ ongoing financial requirements and strategic growth objectives.

Source: BSE

Schneider Electric: Suparna Banerjee Bhattacharyya Resigns as CFO

Schneider Electric Infrastructure Limited announced the resignation of Suparna Banerjee Bhattacharyya from her position as Chief Financial Officer (CFO), effective at the close of business hours on September 15, 2025. Ms. Bhattacharyya has confirmed that there are no material reasons for her resignation other than to pursue a career opportunity outside the organization.

CFO Departure

Suparna Banerjee Bhattacharyya has resigned from her position as Chief Financial Officer of Schneider Electric Infrastructure Limited, according to a company announcement released on September 16, 2025. The resignation is effective from the close of business hours on September 15, 2025.

Details of Resignation

The company stated that Ms. Bhattacharyya’s resignation is due to her pursuit of a career opportunity outside the company. The company has received a copy of her resignation letter and confirmed that there are no other undisclosed reasons for her departure. The company previously announced her upcoming resignation on August 28, 2025.

Source: BSE

Godawari Power & Ispat: Clarification on Volume Movement and Key Updates

Godawari Power & Ispat Limited (GPIL) addressed queries regarding recent volume increases, attributing it to market dynamics. The company highlighted previous announcements, including dividend approval on May 20, 2025, capacity expansions, subsidiary incorporation, mining resumption, and environmental clearances. A scheme of amalgamation and further investments in Godawari New Energy Pvt Ltd (GNEPL) were also noted. GPIL states they have no control over the share movement.

Response to Volume Increase Inquiry

Godawari Power & Ispat Limited (GPIL) has responded to an inquiry regarding recent increases in trading volume. The company stated the share price movement is purely market-driven, and GPIL has no specific knowledge of the underlying reasons. The company emphasizes its commitment to timely and accurate disclosures.

Key Announcements & Updates

The company references several prior announcements that may be relevant to investor interest:

  • Corporate Action – Board approves Dividend on May 20, 2025
  • Capacity Expansion Intimation on May 20, 2025
  • Subsidiary Incorporation (Godawari Education and Research Foundation) on May 20, 2025
  • Mining Operations Resumption on May 27, 2025
  • Steel Billets Approval by Power Grid Corporation of India Ltd on July 3, 2025
  • Environmental Clearance Receipt on July 16, 2025 for Integrated Steel Plant.
  • Scheme of Amalgamation of Godawari Energy Limited on August 5, 2025
  • Capacity Expansion for 7,00,000 MTPA Cold Rolling Mill on August 5, 2025
  • Updates Regarding Further Investment in Godawari New Energy Pvt Ltd (GNEPL) on August 5, 2025
  • Battery Energy Storage System Plant approval for 10 Gwh capacity on August 5, 2025

Battery Energy Storage System Plant

The company approved the setting up of a Battery Energy Storage System Plant with an initial capacity of 10 Gwh through its Wholly Owned Subsidiary Godawari New Energy Pvt Ltd (GNEPL) on August 5, 2025.

Upcoming Board Meeting

A board meeting is scheduled for September 18, 2025, to address fund raising.

Source: BSE

ITI Limited: Clarification on Volume Movement

ITI Limited has issued a statement addressing recent volume movement in the company’s shares. The company confirms it complies with disclosure norms and is unaware of any pending events affecting its share price or volume. ITI Limited states that its share prices are market-driven and the company is not responsible for market fluctuations.

Volume Movement Clarification

ITI Limited has released a statement regarding recent trading activity and volume changes in its shares. The company confirms it adheres to all required disclosure protocols.

Company Stance

ITI Limited asserts that as of September 16, 2025, no undisclosed events or matters are pending that would impact the company’s stock performance. Any price or volume behavior is attributed to market dynamics. The company maintains that the volume of shares traded and associated share prices are based on market conditions.

ITI Limited states it is not responsible for any increase or fall in volume or share price due to market conditions.

Source: BSE

UCO Bank: Rajendra Kumar Saboo’s Tenure Extended as Executive Director

UCO Bank has announced the extension of Shri Rajendra Kumar Saboo’s tenure as Executive Director. The extension is for a further period of three years beyond his currently notified term ending on November 20, 2025, or until further orders, whichever is earlier. This decision was communicated in a notification dated September 15, 2025.

Executive Director’s Term Extended

UCO Bank has extended the tenure of Shri Rajendra Kumar Saboo as Executive Director. The new term extends beyond his existing tenure, set to end on November 20, 2025.

Extension Details

The extension grants Shri Rajendra Kumar Saboo an additional three years in his role, effective from November 20, 2025, or until further notice. The decision was formalized on September 15, 2025.

Source: BSE

Mastek: Recognized with ‘Voice of the Customer Honor’ at Everest Group

Mastek has been honored with the ‘Voice of the Customer Honor – Value Excellence’ recognition at the Everest Group Elevate Honors™ 2025. The recognition is based on feedback from over 400 customers and highlights Mastek’s commitment to delivering high-impact value through customer service, client management, and proactive engagement. This award reflects Mastek’s collaborative partnerships and its focus on strategic results.

Recognition for Customer Excellence

Mastek (NSE: MASTEK; BSE: 523704) announced it has been honored with the ‘Voice of the Customer Honor – Value Excellence’ at the Everest Group Elevate Honors™ 2025. This acknowledgment highlights Mastek’s commitment to delivering substantial value and superior service in the digital engineering and cloud transformation domain.

Basis of the Honor

The recognition was awarded based on feedback from over 400 customers. The data indicated Mastek achieved high scores for customer service excellence, effective client management, ease of doing business, and proactive engagement. Everest Group, a prominent global research firm, conducted the evaluation.

Strategic Impact and Innovation

Mastek’s collaborative approach to partnerships, innovation, and alignment with strategic business priorities has been vital in securing this honor. The ‘Voice of the Customer Honor – Value Excellence’ acknowledges Mastek’s history of producing significant results through outcome-driven business impact and expediting value realization in customer engagements.

Executive Perspective

Ronak Doshi, Partner, Everest Group, stated that the Elevate Honors recognitions are based on independent, fact-based, analyst-driven research. He added that Mastek was to be congratulated on winning the award.

Umang Nahata, CEO of Mastek, expressed pride in receiving this recognition from Everest Group, reflecting the trust customers place in Mastek and validating their client-centric approach.

Mastek’s Capabilities

With operations in over 40 countries, Mastek provides services leveraging capabilities in AI, Data & Analytics, cloud, and digital engineering. These services enable organizations to streamline revenue streams, optimize operational volumes, and explore new business opportunities. Partnerships with Oracle, AWS, Microsoft, Snowflake, and Salesforce further enhance Mastek’s capabilities in modernizing core systems, enhancing talent collaboration, and scaling growth.

Everest Group’s Elevate Honors

The Everest Group’s Elevate Honors™ award program aims to spotlight leading service and technology providers. The assessment process is based on independent, fact-based research and proprietary data across various recognition categories.

Source: BSE

Bharti Airtel: Receives Penalty Notice for Subscriber Verification Non-Compliance

Bharti Airtel has received a notice from the Department of Telecommunications (DoT) regarding non-compliance with subscriber verification norms. The DoT imposed a penalty of ₹2,13,000 following a Customer Application Form (CAF) audit conducted in July 2025. The company has opted to pay the penalty without contest. The penalty relates to an alleged violation of subscriber verification norms.

Penalty Imposed by DoT

Bharti Airtel has received a penalty notice from the Department of Telecommunications (DoT), Karnataka LSA, concerning alleged lapses in subscriber verification processes. The notice, dated September 15, 2025, involves a penalty of ₹2,13,000.

Details of the Non-Compliance

The penalty was levied following a Customer Application Form (CAF) audit conducted by the DoT in July 2025. The audit revealed alleged violations of subscriber verification norms as stipulated under the License Agreement. Bharti Airtel is required to ensure proper verification of customers before enrollment, according to DoT guidelines.

Company’s Response

Bharti Airtel has decided not to contest the penalty and will proceed with payment. The maximum financial impact is limited to the penalty amount of ₹2,13,000.

Source: BSE