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India Pre-Market Regulatory Roundup — October 29, 2026

India Before-Market Intelligence

By Gunpowder Editorial ·

17 high priority 33 medium priority 50 total filings analysed

Executive Summary

The 50 overnight Indian filings (28-29 Oct 2026) are dominated by Q2 FY27 results and governance disclosures, with a clear bifurcation between strong earnings growth at several mid-caps and deep financial distress at TruCap Finance.

Headline growth is robust: Acme Solar reported consolidated revenue up 67.5% YoY and PAT up 133.5%, Creative Newtech saw consolidated total income up 14.4% and PAT up 36.9%, and Aarti Pharmalabs posted standalone revenue up 46.8% and PAT up 179.8% YoY. Margin quality is mixed, however: Acme's EBITDA margin compressed to 86.7% from 88.8%, Fabtech's Q2 net profit fell about 46.5% YoY on exceptional items, and Sasken's employee costs rose faster than revenue on a sequential basis. Sequential softness is visible at several names, including Aarti (PAT down 7.8% QoQ), Sasken (revenue down 5.4% QoQ on a 42% fall in Product Solutions), and Jindal Stainless (volume guidance cut to 4%-6% from 7%-9%). Balance-sheet and governance stress is concentrated in TruCap Finance (breached security cover, defaults, going-concern material uncertainty, Rs 58 Cr fundraise proposed) and in auditor churn at Raymond Realty. Several filings are procedural (board-meeting intimations, call-recording notices, trading-window closures) and carry little standalone signal.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Corporate governance · M&A · Corporate action · Company update

Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from October 21, 2026.

Investment Signals (10)

  • TruCap Finance ↓ (BEARISH)
    ▲

    Q2 FY27 standalone net loss narrowed to Rs 871.75 lakh from Rs 3,258.86 lakh YoY, but net worth fell to Rs 3,424.77 lakh from Rs 10,850.86 lakh, debt-equity rose to 9.78x from 3.03x, GNPA is 53.80%, and the auditor flags going-concern uncertainty

  • Acme Solar Holdings ↓ (BULLISH)
    ▲

    Consolidated Q2 FY27 revenue rose 67.5% YoY to Rs 8,870 mn and profit rose 133.5% YoY; H1 revenue up 65.4% and CRISIL upgraded to AA-/Positive; FY27 BESS target raised to 12+ GWh and 2030 RE target to 15 GW

  • Aarti Pharmalabs ↓ (BULLISH)
    ▲

    Standalone Q2 FY27 revenue up 46.8% YoY and PAT up 179.8% YoY, H1 PAT up 92.4%, but PAT fell 7.8% QoQ and finance costs rose 40.2% YoY

  • Creative Newtech ↓ (BULLISH)
    ▲

    Consolidated Q2 FY27 PAT up 36.9% YoY to Rs 25.94 cr with operating cash flow swinging to a Rs 351.24 cr H1 inflow from a Rs 91.65 cr outflow, net working capital days at 45

  • Creative Newtech (headwind) (BEARISH)
    ▲

    Q2 interest expense more than doubled to Rs 9.30 cr from Rs 4.49 cr, and management flagged return-ratio pressure from higher advance payments

  • Sasken Technologies ↓ (BEARISH)
    ▲

    Q2 PAT up 143.8% YoY, but revenue fell 5.4% QoQ with Product Solutions down 42% QoQ on memory constraints; H1 operating cash flow was negative Rs 22.96 lakh and Rs 8,076 lakh of new borrowings were drawn, against nil at March 2026

  • Jindal Stainless ↓ (BEARISH)
    ▲

    Management cut FY27 volume growth guidance to 4%-6% from 7%-9% but raised EBITDA/ton guidance to INR 20,000-22,000 from INR 18,000-20,000; Europe export quota reportedly fell to about 5,500-6,000 tons from about 12,000

  • Fabtech Technologies ↓ (BEARISH)
    ▲

    Q2 FY27 EPS fell to Rs 3.38 from Rs 8.68 YoY on Rs 835 lakh of exceptional items, though revenue from operations rose 23% QoQ to Rs 9,209 lakh

  • Dodla Dairy ↓ (BULLISH)
    ▲

    Q2 consolidated revenue was flat YoY at Rs 1,196 cr and PAT fell about 10%, while standalone PAT rose about 15% to Rs 25.08 cr and standalone revenue grew 9.5%

  • Shilchar Technologies ↓ (BEARISH)
    ▲

    Q2 FY27 revenue up 12% YoY to Rs 192.61 cr but PAT down 28% YoY and EBITDA margin contracted to 20.8% from 31.3% on Middle East export and freight pressures

Risk Flags (9)

  • TruCap Finance/Going Concern↓ [HIGH RISK]
    ▼

    Security cover inadequate since the quarter ended 31 Dec 2025, borrowings in default, accounts non-performing, penal interest unrecognised, and auditor flags material uncertainty over going concern

  • TruCap Finance/Dilution↓ [HIGH RISK]
    ▼

    Board approved an equity or convertible fundraise of up to Rs 58 cr pending shareholder special resolution, including SAST implications, signalling a restructuring-driven dilution overhang

  • Aarti Pharmalabs/Contingent Liability↓ [HIGH RISK]
    ▼

    Gujarat stamp duty and penalty order of Rs 5,746 lakh (Rs 204 lakh provided), under challenge at Gujarat High Court with no interim relief, while CFO Piyush Lakhani resigned and was replaced by Vibha Thakkar effective 31 Oct 2026

  • Raymond Realty/Auditor Resignation↓ [HIGH RISK]
    ▼

    Joint statutory auditor Chaturvedi & Shah LLP resigned effective 28 Oct 2026 after management declined a fee revision, leaving Walker Chandiok as sole auditor and requiring Form ADT-3 filing

  • Acme Solar/Margin and Cash Watch↓ [MEDIUM RISK]
    ▼

    Consolidated EBITDA margin fell to 86.7% from 88.8% YoY, finance costs rose to Rs 6,895 mn for H1 from Rs 4,975 mn, and standalone cash fell to Rs 4,103 mn from Rs 14,453 mn at March 2026

  • Sasken Technologies/Working Capital↓ [MEDIUM RISK]
    ▼

    H1 FY27 inventory build of Rs 5,917 lakh and receivables growth of Rs 4,164 lakh drove negative operating cash flow, while employee costs rose 8.5% QoQ against a 5.4% revenue decline

  • Infobeans/Receivables↓ [MEDIUM RISK]
    ▼

    Consolidated trade receivables rose about 33% since March 2026 to Rs 14,344 lakh, outpacing revenue growth, and H1 consolidated operating cash flow fell to Rs 2,887 lakh from Rs 5,264 lakh

  • HD Fire Protect/Regulatory↓ [MEDIUM RISK]
    ▼

    MPCB refused Consent to Operate for newly commissioned sheds at Jalgaon following a show-cause notice over missing Environment Clearance documents; company expects no material impact on existing operations, which hold consent until 31 Mar 2029

  • Jindal Stainless/Import Pressure↓ [MEDIUM RISK]
    ▼

    Chinese import pressure after suspension of the quality control order, combined with unclear Maharashtra plant timeline, poses downside to volumes and pricing

Opportunities (8)

  • Acme Solar/Capacity Ramp↓ (OPPORTUNITY)
    ◆

    Management raised FY27 BESS commissioning target to 12+ GWh (from 10 GWh) and 2030 RE target to 15 GW (from 10 GW), backed by CRISIL upgrade to AA-/Positive and a Rs 2,800 cr QIP with about Rs 710 cr still unutilised

  • Creative Newtech/Re-rating Potential↓ (OPPORTUNITY)
    ◆

    H1 total income up 16.6% and PAT up 35.5% alongside a sharp swing to positive operating cash flow, with the Infinova acquisition and drone partnerships adding strategic optionality

  • Aarti Pharmalabs/Earnings Momentum↓ (OPPORTUNITY)
    ◆

    H1 FY27 PAT of Rs 13,706 lakh was up 92.4% YoY, with foreign-exchange swing to gain (Rs 53 lakh vs Rs 1,036 lakh loss) supporting Q2 earnings quality

  • Dodla Dairy/Standalone Strength↓ (OPPORTUNITY)
    ◆

    Standalone Q2 revenue up 9.5% and PAT up 15% YoY, with final dividend of Rs 5 per share already paid; consolidated weakness may be sub-scale in subsidiaries

  • Sasken Technologies/Dividend and Software Growth↓ (OPPORTUNITY)
    ◆

    Rs 12 per share interim dividend (record date 3 Nov 2026) and Software Services up 34% YoY provide income support, with Product Solutions recovery a potential upside if memory supply normalises

  • Jindal Stainless/Pricing Lever↓ (OPPORTUNITY)
    ◆

    Raised EBITDA per ton guidance to INR 20,000-22,000 indicates management confidence in mix and pricing despite volume cut; Q2 EBITDA up about 8% QoQ and PAT up about 17% QoQ

  • Cochin Shipyard/Strategic Stake↓ (OPPORTUNITY)
    ◆

    Completion of 23% equity acquisition in Conoship International (Netherlands) adds European design and shipbuilding exposure, though consideration and valuation remain undisclosed

  • Creative Newtech vs Fabtech/Relative Value (OPPORTUNITY)
    ◆

    Fabtech trades on depressed Q2 earnings after exceptional items while Creative Newtech shows accelerating EBITDA (up 50.7%); a relative-value pair may emerge around sustainability of margins

Sector Themes (6)

  • Strong Headline Growth, Mixed Quality in Mid-Cap Earnings (STRUCTURAL)
    ◆

    Of the top-line-reporting companies in this batch, most show double-digit YoY revenue growth (Acme +67.5%, Aarti +46.8%, Sasken +25.6%, Infobeans +30.1%, Shilchar +12%, Creative Newtech +14.4%), yet sequential softness and exceptional items appear at Aarti, Sasken, Fabtech and Dodla, underlining that YoY comparisons flatter underlying momentum

  • Balance-Sheet Stress Concentrated in NBFCs and Lenders (CREDIT)
    ◆

    TruCap Finance and Sayaji-related governance items aside, financing-linked names show rising leverage: Acme's finance costs grew about 39% YoY, Creative Newtech's interest expense doubled, and Sasken drew Rs 8,076 lakh of fresh debt; the Middle Layer NBFC Si Creva is also being capitalised with Rs 624 cr from OnEMI

  • Capital Allocation Toward Subsidiaries and New Ventures (CAPITAL)
    ◆

    Several boards approved capital infusions or new vehicles: OnEMI into Si Creva (Rs 624 cr), Meesho into Meesho Payments (up to Rs 400 cr) and Retail Pulse Labs, Jindal's stake in Ampin SPV, and Creative Newtech's Infinova acquisition, reflecting a push to build lending and renewable platforms despite loss-making early-stage units

  • Renewables and Storage Capacity Build-Out (INDUSTRY)
    ◆

    Acme Solar's BESS and RE target upgrades, Shilchar's Gavasad expansion (commissioning April 2027), and Jindal's 40 MW captive solar SPV reflect continued capex toward captive and grid-scale renewables

  • Auditor and Governance Housekeeping (GOVERNANCE)
    ◆

    Raymond Realty auditor resignation, Aarti CFO change, Sayaji director and committee reshuffles, and multiple trading-window extensions indicate elevated governance activity heading into the Q2 results cycle

  • Trading-Window Closures and Results Cycle (CALENDAR)
    ◆

    Metropolis, Jetking, Rajasthan Cylinders and others have trading windows closed into early November, with board meetings on 2-5 Nov 2026, signalling a dense results calendar over the next week

Watch List (8)

Filing Analyses (50)
UCO Bank Market Update neutral materiality 3/10

28-10-2026

UCO Bank has disclosed under Regulation 30 of the SEBI LODR Regulations that it will hold non-deal roadshow meetings with prospective institutional investors on 02-11-2026 and 03-11-2026, organized by Mashreq in the UAE, in connection with its foreign currency fund raising through a Medium Term Note (MTN) Programme. The meetings will be held in person and virtually, through one-on-one and group sessions, and the bank states that no unpublished price sensitive information will be shared.

  • · Investor presentation to be shared in due course
  • · BSE Scrip Code: 532505; NSE Scrip Symbol: UCOBANK
AELEA COMMODITIES LIMITED Corporate Governance neutral materiality 4/10

28-10-2026

AELEA Commodities Limited has intimated BSE that its Board will meet on Monday, 2 November 2026 at 4:00 P.M. to consider unaudited standalone and consolidated financial results for the half year ended 30 September 2026, appoint an Additional Director (Non-Executive, Independent), note the resignation of Mr. Chandresh Madhubhai Unagar (DIN 10482172) as Non-Executive Independent Director, and consider Business Expansion and Capex. The filing contains no reported financial figures, so no period-over-period performance can be assessed.

  • · Board meeting scheduled for Monday, 2 November 2026 at 4:00 P.M. under Regulation 29 of SEBI Listing Regulations
  • · Resignation of Mr. Chandresh Madhubhai Unagar (DIN 10482172) as Non-Executive Independent Director is to be noted by the Board
  • · Proposed appointment of an Additional Director (Non-Executive, Independent), subject to applicable approvals
  • · BSE scrip code 544213
Aarti Pharmalabs Limited Market Update mixed materiality 8/10

28-10-2026

Aarti Pharmalabs Limited reported Q2 FY27 (quarter ended 30 September 2026) standalone revenue from operations of ₹61,258.69 lakh, up 46.8% YoY from ₹41,728.78 lakh, while standalone net profit rose to ₹6,575.29 lakh from ₹2,349.88 lakh, a 179.8% increase. Results were mixed on a sequential basis: revenue and PAT grew from Q1 but were partly offset by higher finance costs (₹1,495.09 lakh) and depreciation (₹3,052.67 lakh), and PAT declined from ₹7,130.66 lakh in the June 2026 quarter. The company also disclosed a contingent liability of ₹5,746.00 lakh tied to a Gujarat stamp duty and penalty order, of which ₹204.00 lakh was provided as an exceptional item.

  • · Consolidated revenue from operations was ₹61,045.10 lakh (Q2 FY27) and consolidated PAT was ₹7,147.23 lakh, vs. ₹2,049.27 lakh in Q2 FY26.
  • · Half-year standalone revenue from operations was ₹1,H,717.47 lakh (figure garbled in source) vs ₹79,259.84 lakh in H1 FY26; half-year standalone PAT was ₹13,705.96 lakh vs ₹7,124.93 lakh.
  • · Stamp duty of ₹2,500.00 lakh and penalties of ₹3,450.00 lakh were levied under the Gujarat Stamp Act; the company has challenged the order in the Gujarat High Court, where it is pending with no interim order.
  • · Standalone finance costs rose to ₹1,495.09 lakh in Q2 FY27 from ₹1,066.41 lakh in Q2 FY26, and total borrowings increased to ₹83,647 lakh (non-current plus current) from ₹68,564 lakh at 31 March 2026.
  • · Restatement of Q2 and H1 FY26 figures for a ₹992.93 lakh and ₹1,456.67 lakh fair value loss on a target redemption forward contract reduced comparative PAT by ₹743.03 lakh and ₹1,090.05 lakh respectively.
  • · Labour code impact provision of ₹279.49 lakh was recognised in exceptional items for FY26.
  • · Auditors (Gokhale & Sathe LLP) issued an unmodified review conclusion, with emphasis of matter on the stamp duty order and the forward contract restatement.
OnEMI Technology Solutions Ltd Merger/Acquisition mixed materiality 7/10

28-10-2026

OnEMI Technology Solutions Limited's Board, at its October 28, 2026 meeting, approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, with an unmodified limited review opinion from the statutory auditors. The Board also approved a rights-basis capital infusion of INR 6,24,14,94,972.24 (INR 624.15 crore) into its wholly owned subsidiary Si Creva Capital Services Private Limited through the subscription of 23,37,516 equity shares at INR 2,670.14 per share, to be completed by end of December 2026. Si Creva, a Middle Layer NBFC, reported a net worth of INR 1,231.98 crore and FY 2025-26 turnover of INR 1,541.33 crore, though its turnover dipped in FY 2024-25 (INR 1,092.48 crore) versus FY 2023-24 (INR 1,295.21 crore) before rebounding.

  • · Si Creva turnover declined 15.7% in FY 2024-25 before rebounding 41.1% in FY 2025-26
  • · Si Creva is a related party under Section 2(76) of the Companies Act, 2013; Audit Committee approval exempt under Regulation 23(5) of SEBI Listing Regulations
  • · Promoter-linked executives Ranvir Singh and Krishnan Vishwanathan hold roles at both the Company and Si Creva
  • · Investment to be completed by end of December 2026; funds to be utilised for Si Creva's future capital requirements from business growth
  • · Si Creva incorporated July 08, 2015; paid-up share capital INR 9,99,97,930 as on March 31, 2026
Shilchar Technologies Limited Market Notice mixed materiality 6/10

28-10-2026

Shilchar Technologies filed its Q2FY27 investor presentation (quarter ended 30 September 2026) under Regulation 30 of SEBI LODR. Revenue from operations rose 43% sequentially to ₹192.61 Cr and 12% YoY, with PAT of ₹32.98 Cr, but PAT fell 28% YoY and EBITDA margin contracted to 20.8% from 31.3% a year earlier, as Middle East export disruption and shipping cost pressures persisted. Management expects the Gavasad Expansion #3 to commission in April 2027.

  • · Q2FY27 EBITDA margin recovered to 20.8% from 16.4% in Q1FY27 but remains ~1,049 bps below Q2FY26's 31.3%
  • · EPS of ₹28.83 in Q2FY27 versus ₹40.15 in Q2FY26 (down 28% YoY)
  • · Finance cost of ₹0.10 Cr and D&A of ₹1.08 Cr in Q2FY27, indicating a debt-light balance sheet
  • · Middle East exports remain below normal due to West Asia crisis; North America exports gained momentum after tariff issues resolved
  • · Civil foundation for Gavasad expansion complete; all major production equipment ordered; commissioning on track for April 2027
  • · Company is debt-free with substantial cash reserves; ~21-acre Gavasad plot allows further expansion to ~2X capacity
  • · Order pipeline for FY27 estimated at ~₹800 Cr from domestic and export clients; deliveries scheduled for H2FY27
Aarti Pharmalabs Limited Market Notice mixed materiality 8/10

28-10-2026

Aarti Pharmalabs Limited's Board approved unaudited standalone financial results for the quarter and half year ended September 30, 2026, reporting Q2 FY27 total income of Rs. 61,305.24 lakhs (up from Rs. 42,086.86 lakhs in Q2 FY26) and net profit of Rs. 6,575.29 lakhs (up from Rs. 2,349.88 lakhs), though net profit declined sequentially from Rs. 7,130.66 lakhs in Q1 FY27. The Board also accepted the resignation of CFO Piyush Lakhani (relieved October 30, 2026) and appointed Smt. Vibha Thakkar as CFO effective October 31, 2026. The auditor's review carries an emphasis of matter on a Gujarat stamp duty and penalty order of Rs. 5,746.00 lakhs (Rs. 204.00 lakhs provided, balance disclosed as contingent liability) that the company is contesting in the High Court of Gujarat.

  • · Sequential Q2 FY27 net profit declined about 7.8% from Q1 FY27 despite higher total income, with basic EPS falling from Rs. 7.87 to Rs. 7.25.
  • · Other income fell about 87% YoY to Rs. 46.55 lakhs in Q2 FY27 from Rs. 358.08 lakhs in Q2 FY26.
  • · Q2 FY27 foreign exchange position flipped to a gain of Rs. 53.23 lakhs, versus a restated loss of Rs. 1,036.16 lakhs in Q2 FY26.
  • · Employee benefits expense rose about 25% YoY and finance costs about 40% YoY in Q2 FY27, indicating rising cost pressure.
  • · Restatement of prior-year figures reduced Q2 FY26 profit after tax by Rs. 743.03 lakhs and H1 FY26 by Rs. 1,090.05 lakhs, lowering the comparison base.
  • · Auditor's review was unmodified (conclusion not qualified) despite the emphasis of matter paragraphs.
Meesho Ltd Merger/Acquisition mixed materiality 6/10

28-10-2026

Meesho Limited's Board, at its October 28, 2026 meeting, approved three investment actions: incorporation of a new wholly owned subsidiary, a further equity investment of up to INR 400 Crore in its wholly owned subsidiary Meesho Payments Private Limited (MPPL), and further investments of USD 650,000 in Kirana Club Pte. Ltd. and INR 18.74 Crore in its subsidiary Retail Pulse Labs Private Limited (RPLPL). MPPL remains a loss-making early-stage lender, posting a net loss of INR 2,465.22 lakh against turnover of INR 1,104.65 lakh for FY2025-26, while RPLPL's turnover rose to INR 16.04 Crore from INR 4.92 Crore, though it also recorded a net loss of INR 1.60 Crore, and Kirana Club's FY2025-26 net loss was SGD 837,754 on turnover of SGD 45,808.

  • · MPPL remains loss-making with a FY2025-26 net loss of INR 2,465.22 lakh, more than double its turnover, even as turnover grew sharply.
  • · RPLPL and Kirana Club both posted net losses as of March 31, 2026, despite revenue growth.
  • · The proposed new subsidiary will be a Lending Service Provider aiming to hold lending loans on balance sheet, capture full lending margins, and gain institutional funding access.
  • · The MPPL investment is classified as a related party transaction at arm's length; the RPLPL and Kirana Club investments are not related party transactions.
  • · Kirana Club and RPLPL investments require filings under the Foreign Exchange Management Act, 1999; no governmental or regulatory approval is required.
  • · Share counts and prices for all three investments, and the new subsidiary's name, will be disclosed later.
Sasken Technologies Limited Corporate Governance mixed materiality 7/10

28-10-2026

Sasken Technologies reported audited consolidated results for Q2 and H1 FY2026-27 (quarter ended September 30, 2026): revenue from operations of ₹32,095.13 lakhs for the quarter, down 5.4% QoQ from ₹33,923.85 lakhs but up 25.6% YoY from ₹25,548.81 lakhs; consolidated PAT of ₹2,559.44 lakhs, up 143.8% YoY but up only 8.8% QoQ. Software Services grew 34.0% YoY while Product Solutions revenue fell 42.0% QoQ on memory-supply constraints, and profit attributable to owners declined 1.4% QoQ, so performance is mixed. The Board also declared an interim dividend of ₹12 per equity share for FY2026-27.

  • · Product Solutions revenue was ₹6,937.00 lakhs in Q2 vs ₹11,967.97 lakhs in Q1 (down 42.0% QoQ), attributed to memory-supply constraints.
  • · Standalone PAT rose to ₹2,892.78 lakhs for Q2, up 77.6% YoY from ₹1,628.74 lakhs.
  • · Consolidated cost of materials consumed fell to ₹5,132.34 lakhs from ₹8,982.53 lakhs in Q1.
  • · Employee benefits expense rose 9.5% QoQ to ₹19,163.29 lakhs and 24.3% YoY, reflecting headcount growth to 2,844.
  • · Consolidated finance costs rose to ₹232.34 lakhs from ₹144.43 lakhs QoQ, following ₹8,076.22 lakhs of new borrowings.
  • · Cash and cash equivalents on a consolidated basis increased to ₹9,445.91 lakhs from ₹5,720.93 lakhs at March 31, 2026.
  • · Order bookings were $47.3M in the quarter (up 66% YoY), including $24.8M of new business.
  • · Active client base expanded to 101 from 93 in Q1; top-5 client concentration declined to 49% from 56%.
  • · The results were approved by the Board on October 28, 2026, with an unmodified auditor opinion.
Aarti Pharmalabs Limited Market Notice mixed materiality 7/10

28-10-2026

Aarti Pharmalabs Limited's Board approved unaudited standalone results for the quarter and half year ended September 30, 2026, reporting Q2 FY27 total income of Rs. 61,305.24 lakh (up from Rs. 42,086.86 lakh in the year-ago quarter, a 45.7% increase) and net profit of Rs. 6,575.29 lakh (up 179.8% YoY, but down 7.8% QoQ from Rs. 7,130.66 lakh). The Board also accepted the resignation of CFO Piyush Lakhani (relieved October 30, 2026) and appointed Smt. Vibha Thakkar as CFO effective October 31, 2026. Results carry an emphasis of matter on a Rs. 5,746.00 lakh stamp duty and penalty contingent liability under the Gujarat Stamp Act, and a restatement of prior-year figures for a forward contract fair value loss.

  • · Net profit for H1 FY27 was Rs. 13,705.96 lakh, up 92.4% from Rs. 7,124.93 lakh in H1 FY26 (restated).
  • · Q2 FY27 finance costs rose 40.2% YoY to Rs. 1,495.09 lakh, and employee benefits expense rose 25.1% YoY to Rs. 5,394.43 lakh.
  • · Foreign exchange was a Rs. 53.23 lakh gain in Q2 FY27 versus a Rs. 1,036.16 lakh restated loss in Q2 FY26.
  • · Auditors' emphasis of matter on the Gujarat Stamp Act order is a contingent liability; the Company has challenged it in the Gujarat High Court, where no interim order has been passed.
  • · Prior-period restatement reduced Q2 FY26 profit after tax by Rs. 743.03 lakh and H1 FY26 by Rs. 1,090.05 lakh, lowering basic EPS by Rs. 0.82 and Rs. 1.20 respectively.
  • · The Company reports a single segment (Pharmaceuticals), and the Company's total equity reserves stood at Rs. 1,93,702.17 lakh as of March 31, 2026.
Sasken Technologies Limited Corporate Action mixed materiality 7/10

28-10-2026

Sasken Technologies Limited's Board approved audited consolidated results for Q2 FY27 (quarter ended September 30, 2026), reporting revenue from operations of Rs. 32,095.13 lakhs, up 25.6% YoY from Rs. 25,548.81 lakhs but down 5.4% QoQ from Rs. 33,923.85 lakhs. Profit after tax rose to Rs. 2,559.44 lakhs from Rs. 1,049.86 lakhs YoY (up 143.8%) but declined 8.8% QoQ, and the Board declared an interim dividend of Rs. 12 per share (120%) with a record date of November 3, 2026. Half-year revenue of Rs. 66,018.98 lakhs grew 24.8% YoY, while product solutions revenue fell 15.2% QoQ, and the company drew Rs. 8,076.22 lakhs in new borrowings during the half year.

  • · Q2 FY27 revenue from operations fell 5.4% QoQ, driven by a 42% QoQ drop in product solutions revenue (Rs. 6,937.00 lakhs vs Rs. 11,967.97 lakhs), partly offset by 2.4% QoQ growth in software services
  • · Product solutions segment result declined 31.4% QoQ to Rs. 485.57 lakhs, though it rose versus the Q2 FY26 loss of Rs. (51.67) lakhs
  • · Other income was flat QoQ at Rs. 928.55 lakhs (vs Rs. 930.62 lakhs) and declined 4.4% YoY from Rs. 971.33 lakhs
  • · Employee benefits expense rose 9.5% QoQ to Rs. 19,163.29 lakhs, outpacing the 5.4% QoQ revenue decline and compressing margins
  • · Non-controlling interests swung to a loss in H1 FY27 (Rs. (26.50) lakhs) versus profit of Rs. 131.36 lakhs in H1 FY26
  • · Cash and cash equivalents rose to Rs. 9,445.91 lakhs from Rs. 5,720.93 lakhs at March 31, 2026, alongside Rs. 8,076.22 lakhs of new borrowings, while current borrowings were nil at March 31, 2026
  • · Inventories rose sharply to Rs. 9,448.16 lakhs from Rs. 3,530.74 lakhs at March 31, 2026 (up 167.6%), while trade receivables rose to Rs. 20,415.81 lakhs from Rs. 17,472.72 lakhs
  • · Operating cash flow was negative at Rs. (22.96) lakhs in H1 FY27, improving from Rs. (2,038.52) lakhs in H1 FY26
  • · Finance costs more than doubled YoY in H1 FY27 to Rs. 376.77 lakhs from Rs. 208.13 lakhs, reflecting the new borrowings
  • · Standalone total income rose 37.0% YoY to Rs. 36,330.24 lakhs in H1 FY27, and standalone PAT rose 127.0% YoY to Rs. 5,778.36 lakhs
  • · Dividend payment date is on or before November 26, 2026; record date is November 3, 2026
  • · Consolidated net worth (equity attributable to owners) rose to Rs. 88,293.44 lakhs from Rs. 85,475.02 lakhs at March 31, 2026
Metropolis Healthcare Limited Corporate Governance neutral materiality 4/10

28-10-2026

Metropolis Healthcare Limited has intimated under Regulation 29 of SEBI LODR that its Board will meet on Tuesday, November 03, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, and to consider an interim dividend, if any, for FY 2026-27. The trading window for insider dealing in the company's securities is closed from October 01, 2026, to November 05, 2026 (both days inclusive). This is a procedural notice; no financial figures for the period are disclosed in this filing.

  • · Board meeting date: Tuesday, November 03, 2026
  • · Trading window closure period: October 01, 2026 to November 05, 2026 (both inclusive)
  • · Scrip Code: 542650; Symbol: METROPOLIS
Acme Solar Holdings Limited Corporate Governance mixed materiality 8/10

28-10-2026

ACME Solar Holdings Limited reported consolidated revenue from operations of Rs. 8,870.11 million for the quarter ended 30 September 2026, up from Rs. 4,677.48 million in the corresponding quarter of 2025, and consolidated profit for the period of Rs. 2,686.61 million versus Rs. 1,150.65 million a year earlier. Six-month revenue from operations rose to Rs. 17,445.11 million from Rs. 9,787.32 million, with six-month profit of Rs. 5,039.91 million. Finance costs and depreciation grew sharply over the same periods, and the Company also disclosed a Rs. 27,629.04 million QIP with Rs. 7,027.50 million of the repayment allocation still unutilised.

  • · Consolidated other equity rose to Rs. 82,209.49 million at 30 September 2026 from Rs. 49,404.04 million at 31 March 2026
  • · Consolidated cash and cash equivalents increased to Rs. 43,840.75 million from Rs. 22,309.43 million at 31 March 2026
  • · Consolidated finance costs were Rs. 6,894.83 million for the six months, up from Rs. 4,974.84 million a year earlier
  • · Consolidated net cash from operating activities was Rs. 10,665.92 million for the six months, versus Rs. 2,944.68 million a year earlier
  • · Consolidated purchase of property, plant and equipment and capital work-in-progress was Rs. 63,292.14 million for the six months, up from Rs. 14,024.16 million
  • · Standalone unutilised QIP proceeds for general corporate purposes total Rs. 29.04 million, against Rs. 6,629.04 million allocated
  • · Consolidated other income declined to Rs. 1,200.70 million in the quarter from Rs. 1,336.18 million a year earlier
  • · Quarterly consolidated revenue dipped marginally sequentially to Rs. 8,870.11 million from Rs. 8,575.00 million in the quarter ended 30 June 2026 while still growing YoY
  • · Consolidated non-controlling interests remain negative at Rs. (10.52) million at 30 September 2026
  • · Auditors issued unmodified limited review conclusions on both standalone and consolidated results
Radico Khaitan Limited Analyst/Investor Meet neutral materiality 2/10

28-10-2026

Radico Khaitan Limited has filed a Regulation 30 disclosure informing BSE and NSE that the audio recording of its Earnings Conference Call for analysts and investors, held on October 28, 2026, to discuss unaudited financial results for the quarter and half year ended September 30, 2026, is now available on the company's website. The filing contains no financial figures, performance metrics, or guidance, so the call's substance cannot be assessed from this document alone.

  • · Earnings call covered unaudited financial results for Q2 FY2027 (quarter and half year ended September 30, 2026)
  • · Audio recording is hosted as an MP3 file on the company website (radicokhaitan.com)
  • · Filing is a follow-up to the company's earlier intimation letter RKL/SX/2026-27/69 dated October 14, 2026, which announced the call
Jindal Stainless Limited Analyst/Investor Meet mixed materiality 7/10

28-10-2026

Jindal Stainless reported a Q2 FY27 recovery from Q1 disruptions, with consolidated revenue, EBITDA and PAT up about 14%, 8% and 17% quarter-on-quarter, while year-on-year finished goods volume rose only 3% and H1 deliveries fell 2% to 1.25 million tons. Management revised full-year FY27 volume growth guidance down to 4%-6% from 7%-9%, while raising EBITDA per ton guidance to INR20,000-22,000 from INR18,000-20,000. Import pressure from China after the suspension of the quality control order remains a key concern, and management did not offer a clear Maharashtra plant timeline.

  • · Volume guidance revised to 4%-6% from 7%-9%, while EBITDA per ton guidance was raised to INR20,000-22,000 from INR18,000-20,000.
  • · Q2 volume mix: 200 series 37%, 300 series 47%, 400 series 16%.
  • · Europe export quota cut: Europe sales now around 5,500-6,000 tons versus roughly 12,000 tons previously.
  • · Chromeni utilization approx. 85%; Rathi approx. 79%.
  • · Maharashtra plant land acquisition is slower than expected; a clear plan may take another quarter or two.
  • · Brought-forward tax losses of INR400-500 Crore in merging entities imply tax benefit of roughly INR100-125 Crore, with NCLT approval expected in about 12 months.
  • · Q1 disruptions from industrial gas and logistics affected volumes; Q2 ramp-up is the basis for the H2 growth expectation.
  • · Indonesia nickel EBITDA remained positive in Q2 and within the USD500-1,500 per ton guidance range.
TVS Holdings Limited Market Notice neutral materiality 6/10

28-10-2026

TVS Motor Company's Board approved on 28 October 2026 the acquisition of the entire stake in Harita ARC Limited (a wholly owned subsidiary, paid-up capital Rs. 25,000) and a composite scheme of arrangement involving amalgamation of TVS Motor Services Limited into TVS Motor Company and demerger of its consumer finance and related business into Harita ARC Limited. The scheme is subject to approvals from the stock exchanges, SEBI, the NCLT and shareholders/creditors, and no consideration is payable for the amalgamation given the wholly owned structure. TVS Holdings Limited disclosed the same under Regulation 30(9) as a listed parent.

  • · Harita ARC Limited was incorporated on 25 August 2017, has no revenue and has not yet commenced business operations, operating in India only.
  • · The acquisition of Harita ARC Limited was from TVS Credit Services Limited, a subsidiary of TVS Motor Company, and is a related party transaction done on an arm's length basis with no governmental or regulatory approvals required for that acquisition.
  • · Under MCA General Circular No. 30/2014, the amalgamation is exempt from Section 188 related party requirements, and no valuation has been undertaken.
  • · No change in the shareholding pattern of TVS Motor Company is expected from the scheme.
  • · The Board meeting event occurred at 2:50 P.M. IST on 28 October 2026, and the approved scheme will be posted on the TVS Motor website once submitted to the stock exchanges.
  • · Rationale for the arrangement is to streamline group corporate structure and create operational synergies within a single entity.
Sayaji Hotels (Indore) Limited Market Notice neutral materiality 3/10

28-10-2026

Sayaji Hotels (Indore) Limited's Board approved the appointment of Mr. Azhar Yusuf Dhanani (DIN: 07694732) as an Additional Non-Executive Non-Independent Director effective 28 October 2026, subject to shareholder approval within three months. He is a 28-year-old industrialist with a management degree from ISME, associated with Sayaji Foods Private Limited since 2017, and a director of United Foodbrands Limited. The filing is a routine Regulation 30 board-change disclosure with no financial results or quantitative metrics.

  • · Mr. Dhanani is not a relative of other directors under Section 2(77) of the Companies Act, but is a member of the Promoter Group and related to Promoter-Directors.
  • · Mr. Dhanani is not debarred from holding directorship by any SEBI order or other authority.
  • · Appointment is subject to shareholder approval within 3 months of the appointment date.
Sasken Technologies Limited Corporate Governance mixed materiality 7/10

28-10-2026

Sasken Technologies reported audited consolidated results for Q2 FY27 (quarter ended September 30, 2026) with revenue from operations of Rs. 32,095.13 lakhs, up 25.6% YoY from Rs. 25,548.81 lakhs but down 5.4% QoQ from Rs. 33,923.85 lakhs. Profit after tax rose to Rs. 2,559.44 lakhs versus Rs. 1,049.86 lakhs a year earlier (up 143.8% YoY) but declined 8.8% QoQ. The Board also declared an interim dividend of Rs. 12 per equity share (120% on Rs. 10 face value), with a record date of November 3, 2026 and payment on or before November 26, 2026.

  • · Employee benefits expense rose 8.5% QoQ to Rs. 19,163.29 lakhs, outpacing the 5.4% QoQ revenue decline and compressing margins.
  • · Product solutions revenue fell 42.0% QoQ to Rs. 6,937.00 lakhs, though it grew 2.4% YoY; software services grew 34.1% YoY and 14.6% QoQ.
  • · Consolidated borrowings of Rs. 8,076.22 lakhs were drawn in H1 FY27, against nil at March 31, 2026.
  • · Net cash from operating activities was marginally negative at Rs. (22.96) lakhs for H1 FY27, driven by a Rs. 5,917.42 lakh inventory build and Rs. 4,164.40 lakh increase in receivables, unbilled revenue and contract assets.
  • · Trade receivables rose 19.7% since March 31, 2026 to Rs. 20,415.81 lakhs.
  • · Q2 FY27 other comprehensive income was negative at Rs. (141.51) lakhs, versus a strongly positive Rs. 1,321.68 lakhs in Q2 FY26 driven by foreign currency translation gains.
  • · Standalone profit after tax for Q2 FY27 was Rs. 2,892.78 lakhs, up from Rs. 1,628.74 lakhs YoY, and standalone revenue information is provided in the extract.
  • · Contingent consideration of Rs. 1,867.53 lakhs was paid in H1 FY27, linked to prior acquisitions.
  • · Interim dividend record date is November 3, 2026; payment due on or before November 26, 2026.
  • · Results are audited with auditor's reports on both standalone and consolidated figures under Regulation 33 of SEBI Listing Regulations.
Jetking Infotrain Ltd. Corporate Governance neutral materiality 4/10

28-10-2026

Jetking Infotrain Ltd. has intimated to BSE that its Board of Directors will meet on November 4, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company also confirmed its trading window, closed since October 1, 2026, will remain closed until 48 hours after the results announcement. No financial performance figures are disclosed in this filing.

  • · Board meeting scheduled for Wednesday, November 4, 2026 under SEBI LODR Regulation 29
  • · Trading window closed from October 1, 2026, remaining closed until 48 hours after results announcement
  • · Trading window closure was previously intimated via letter dated September 26, 2026
Sasken Technologies Limited Corporate Action mixed materiality 7/10

28-10-2026

Sasken Technologies' Board approved audited standalone and consolidated results for the quarter and half year ended September 30, 2026, and declared an interim dividend of Rs.12 per equity share (120% on Rs.10 face value) for FY 2026-27, with a record date of November 3, 2026 and payment on or before November 26, 2026. Consolidated revenue from operations for Q2 FY27 was Rs. 32,095.13 lakhs, up 25.6% YoY but down 5.4% QoQ, while consolidated profit after tax rose 143.8% YoY to Rs. 2,559.44 lakhs, though it was up only 8.8% QoQ. Half-year revenue grew 24.8% YoY to Rs. 66,018.98 lakhs, but half-year profit after tax of Rs. 4,911.59 lakhs was up 139.5%, helped by a low prior-year base.

  • · Interim dividend of Rs.12 per share: record date November 3, 2026; payment on or before November 26, 2026
  • · Consolidated profit before tax for Q2 FY27 was Rs. 3,545.18 lakhs, up 19.9% QoQ, but Q1 FY27 PBT was lower than the H1 total implies, reflecting a sequential rise in profitability
  • · Employee benefits expense rose 24.3% YoY to Rs. 19,163.29 lakhs, growing in line with revenue but absorbing much of the operating leverage
  • · Consolidated borrowings of Rs. 8,076.22 lakhs were raised in H1 FY27 (none at March 31, 2026), with interest paid of Rs. 77.78 lakhs
  • · Net cash used in operating activities was Rs. 22.96 lakhs in H1 FY27 versus Rs. 2,038.52 lakhs used in H1 FY26, an improvement, though inventories rose sharply to Rs. 9,448.16 lakhs from Rs. 3,530.74 lakhs
  • · Payment of contingent consideration of Rs. 1,867.53 lakhs was made in H1 FY27, related to prior acquisitions
  • · Product solutions segment revenue was flat YoY (+2.4%) and fell 42.0% QoQ, a notable weakness in that segment
  • · Consolidated net profit attributable to owners for H1 FY27 was Rs. 4,938.09 lakhs versus Rs. 1,919.07 lakhs in H1 FY26
HD Fire Protect Ltd Market Update mixed materiality 6/10

28-10-2026

HD Fire Protect Limited disclosed that the Maharashtra Pollution Control Board (MPCB) refused its application for Consent to Operate for the expansion of its Jalgaon facility, following a show cause notice dated October 15, 2026, over non-submission of Environment Clearance documentation. The company states the refusal covers only newly commissioned sheds at Plot K-99 and Gat No. 298/1, that existing Jalgaon operations continue with Consent to Operate valid until March 31, 2029, and that it does not anticipate a material impact on existing manufacturing, financial performance, or other activities. The company plans to address MPCB's observations and re-file its application.

  • · Refusal was issued under Section 27 of the Water (Prevention and Control of Pollution) Act, 1974 and Section 21(4) of the Air (Prevention and Control of Pollution) Act, 1981
  • · The violation cited is non-submission of documentary evidence relating to Environment Clearance
  • · Existing Jalgaon manufacturing Consent to Operate remains valid until March 31, 2029
  • · The matter was previously disclosed on page 357 of the Prospectus dated October 15, 2026
Acme Solar Holdings Limited Market Notice mixed materiality 7/10

28-10-2026

Acme Solar Holdings Limited reported consolidated Q2 FY27 revenue of INR 1,007 Cr (up 67.5% YoY), EBITDA of INR 874 Cr (up 63.6% YoY) and PAT of INR 269 Cr (up 133.5% YoY), with growth driven by BESS and RE capacity additions. Margins compressed year-on-year: EBITDA margin fell from 88.8% to 86.7% and PAT margin rose only to 26.7% from 19.1%, while Cash PAT grew 93.2% to INR 441 Cr. CRISIL upgraded the company's rating to AA-/Positive from AA-/Stable, and management raised its FY27 BESS commissioning and 2030 RE capacity targets.

  • · Margin compression: EBITDA margin declined to 86.7% from 88.8% in Q2 FY26 (H1 FY27: 86.9% vs 89.8%), even as absolute EBITDA grew.
  • · Q2 FY27 PAT growth (133.5%) outpaced revenue growth (67.5%), with PAT margin expanding to 26.7% from 19.1%.
  • · Company-level CRISIL rating upgraded to AA-/Positive from AA-/Stable.
  • · Weighted average cost of debt for fully operational projects stands at 8.4%.
  • · Connectivity secured or applied across all under-construction projects, including those without signed PPAs.
  • · Filing states it is a voluntary submission and not an intimation under SEBI LODR Regulation 30.
Adani Ports and Special Economic Zone Limited Company Update neutral materiality 3/10

29-10-2026

Adani Ports and Special Economic Zone Limited filed a notice on October 28, 2026 providing an audio recording link for the analysts/investors call held that day to discuss the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The filing itself contains no financial figures, so the call's content and performance metrics cannot be assessed from this document alone.

  • · Analysts/investors call on unaudited financial results for quarter and half year ended September 30, 2026 was held on Wednesday, October 28, 2026 and concluded around 7:00 p.m. IST
  • · Scrip codes: BSE 532921; NSE ADANIPORTS
InfoBeans Technologies Limited Corporate Governance mixed materiality 6/10

28-10-2026

InfoBeans Technologies Limited reported standalone and consolidated unaudited results for the quarter and half-year ended 30 September 2026, approved by the Board on 28 October 2026. Consolidated revenue from operations for Q2 FY27 rose to Rs. 16,324 lakh, up 30.1% YoY from Rs. 12,544 lakh, and consolidated PAT rose to Rs. 2,626 lakh, up 16.2% YoY from Rs. 2,261 lakh. However, consolidated other income fell sharply to Rs. 257 lakh from Rs. 421 lakh in the prior-year quarter, and standalone other income for the half-year fell to Rs. 294 lakh from Rs. 488 lakh, while employee benefit expenses and trade receivables both grew faster than the top line in several periods.

  • · Consolidated other income for the quarter was Rs. 257 lakh versus Rs. 421 lakh a year earlier, and Rs. 400 lakh in the prior quarter; the prior-year period included a Rs. 636 lakh US CARES Act employee retention credit grant at a subsidiary.
  • · Consolidated trade receivables rose to Rs. 14,344 lakh from Rs. 10,766 lakh at 31 March 2026, an increase of about 33%, outpacing revenue growth in the period.
  • · Standalone half-year net cash from operating activities was Rs. 1,803 lakh versus Rs. 1,470 lakh a year earlier, while consolidated operating cash flow fell to Rs. 2,887 lakh from Rs. 5,264 lakh, reflecting higher receivables build-up and Rs. 1,426 lakh in taxes paid.
  • · Consolidated employee benefit expenses for the quarter rose to Rs. 10,173 lakh from Rs. 7,525 lakh a year earlier, a 35.2% increase, growing faster than revenue.
  • · The Board approved a scheme of amalgamation of wholly owned subsidiary Infobeans Cloudtech Limited with the Company; the scheme has been filed with NCLT and remains subject to approval.
  • · Dividend payments of Rs. 969 lakh were made in the half-year, and a Rs. 1,000 lakh buyback of equity shares was executed in the prior-year half-year.
Sasken Technologies Limited Corporate Governance mixed materiality 7/10

28-10-2026

Sasken Technologies reported audited consolidated results for Q2 FY27 (quarter ended September 30, 2026), with revenue from operations of ₹32,095.13 lakhs, down 5.4% QoQ from ₹33,923.85 lakhs but up 25.6% YoY from ₹25,548.81 lakhs. Profit after tax rose to ₹2,559.44 lakhs (up 143.8% YoY, up 8.8% QoQ), and the Board declared an interim dividend of ₹12 per share for FY 2026-27. Results are mixed: Software Services grew 34% YoY, while Product Solutions revenue declined 42% QoQ on memory-supply constraints and Q2 Product Solutions revenue was only 2.4% above the prior-year quarter.

  • · Product Solutions revenue fell from ₹11,967.97 lakhs in Q1 FY27 to ₹6,937.00 lakhs in Q2 FY27 (-42% QoQ) due to memory-supply constraints
  • · Software Services revenue rose 14.6% QoQ to ₹25,158.13 lakhs
  • · Consolidated EBITDA margin expanded to 12.9% (up 328 bps QoQ); EBIT margin reached 8.9% (up 248 bps QoQ)
  • · Order bookings were US$47.3M in the quarter (up 66% YoY), including US$24.8M of new business
  • · Top-5 client concentration fell to 49% from 56% in Q1 FY27; active clients rose to 101 from 93
  • · Other equity (consolidated) increased to ₹86,774.29 lakhs as of September 30, 2026 from ₹83,956.37 lakhs as of March 31, 2026
  • · Consolidated cash and cash equivalents rose to ₹9,445.91 lakhs from ₹5,720.93 lakhs at March 31, 2026
  • · Borrowings of ₹8,076.22 lakhs were drawn during the half year, with no borrowings at March 31, 2026
  • · Inventories rose sharply to ₹9,448.16 lakhs from ₹3,530.74 lakhs at March 31, 2026
  • · Half-year consolidated revenue was ₹66,018.98 lakhs (up 24.8% YoY) and half-year PAT was ₹4,911.59 lakhs (up 139.5% YoY)
  • · Trade receivables increased to ₹20,415.81 lakhs from ₹17,472.72 lakhs at March 31, 2026
  • · Attrition (LTM) was 9.3%, up from 7.7% a year earlier and down from 9.8% in Q1 FY27
Acme Solar Holdings Limited Market Notice mixed materiality 8/10

28-10-2026

ACME Solar Holdings Limited filed its Q2 and H1 FY2027 earnings investor presentation (quarter and half year ended September 30, 2026) under Regulation 30 of SEBI LODR. Consolidated Q2 FY27 total revenue rose 67.5% YoY to INR 1,007 Cr and PAT rose 133.5% YoY to INR 269 Cr, while H1 FY27 revenue rose 65.4% to INR 1,961 Cr and PAT rose 105.0% to INR 504 Cr. Blended EBITDA margin was 86.7% for Q2 (marginally lower YoY, as cost of power purchased for BESS operations is now in operating expenses), and CRISIL upgraded the company to AA-/Positive from AA-/Stable.

  • · Management upgraded FY27 cumulative BESS commissioning target from 10 GWh to 12+ GWh and 2030 RE target from 10 GW to 15 GW
  • · Company upgraded by CRISIL to AA-/Positive from AA-/Stable
  • · Weighted average cost of debt for fully operational projects stands at 8.4%
  • · Connectivity available, secured or applied for across all under-construction projects; ~10 GW RE connectivity inventory available for upcoming bids beyond the existing portfolio
  • · Upcoming pipeline: ~50 GWh of peak power bids rolled out till Sep'27, 200-250 GWh of short-term peak power tenders expected, and 20+ GW of Solar+BESS, FDRE, CfD and PHSP tenders expected
  • · Capacity utilization factor declined to 24.1% in Q2 FY27 from 27.8% in Q2 FY26 and to 26.2% in H1 FY27 from 29.4% in H1 FY26, despite higher generation
  • · Rajasthan operational assets (2,281 MW AC) delivered 29.6% CUF in Q2 FY27; wind assets (150 MW) delivered 41.6%
Rajasthan Cylinders & Containers Limited Corporate Governance neutral materiality 3/10

28-10-2026

Rajasthan Cylinders and Containers Limited has intimated to BSE that its Board of Directors will meet on Thursday, 05 November 2026 at the registered office in Jaipur to consider and approve the unaudited financial results for the quarter and half year ended 30 September 2026. The company has also extended the trading window closure for insider dealing in its shares until 07 November 2026, forty-eight hours after the board meeting.

  • · Board meeting date: Thursday, 05 November 2026
  • · Trading window remains closed until 07 November 2026
  • · Scrip Code: 538707; CIN: L28101RJ1980PLC002140
  • · Intimation made under Regulation 29 of SEBI LODR Regulations, 2015, following an earlier trading window closure letter dated 25 September 2026
The Federal Bank Limited Analyst/Investor Meet neutral materiality 1/10

28-10-2026

The Federal Bank Limited disclosed under Regulation 30(6) of the SEBI LODR Regulations that it held a one-on-one virtual analyst/investor meeting with Willian Blair on October 28, 2026. No presentations were made during the meeting. The filing is a routine schedule intimation and contains no financial results, guidance, or material business developments.

South West Pinnacle Exploration Limited Market Notice neutral materiality 3/10

28-10-2026

South West Pinnacle Exploration Limited received trading approvals from NSE (Ref. NSE/LIST/58010) and BSE (Ref. LOD/PREF/NP/325/2026-2027), both dated October 28, 2026, for 28,21,411 equity shares of Rs. 10/- each issued on conversion of share warrants allotted on a preferential basis on July 10, 2026. The shares will be listed and admitted to dealings from October 29, 2026, at a premium of Rs. 122/- per share, with lock-in periods of either 29-Apr-2027 or 29-Apr-2028 depending on the allottee.

  • · Promoter allottees Vikas Jain and Piyush Jain each received 11,34,644 shares, locked in until 29-Apr-2028
  • · Non-promoter allottees Swati Goel (79,336), Divya Aggarwal (79,337), Ajay Kumar Aggarwal (3,78,250) and Kavita Bansal (15,200) have lock-in until 29-Apr-2027
  • · Distinctive numbers range from 29830012 to 32651422
  • · Notice No. 20261028-22 dated October 28, 2026 was issued by BSE to trading members
Fabtech Technologies Limited Market Notice mixed materiality 7/10

28-10-2026

Fabtech Technologies Limited's Board approved unaudited consolidated results for the quarter and half-year ended September 30, 2026, reporting Q2 FY27 total income of Rs. 9,753.83 Lakh and net profit of Rs. 1,502.48 Lakh, versus Rs. 2,810.67 Lakh in the prior-year quarter, a decline of about 46.5%. Half-year net profit was Rs. 1,923.51 Lakh against Rs. 2,198.02 Lakh (down about 12.5%), while the Board also appointed Mr. Alan Dias, Vice President - HR, as Senior Management Personnel. Results are mixed: revenue and total income grew year on year, but profit fell sharply, largely because prior-year quarter profit was higher and exceptional items were booked this period.

  • · Q2 FY27 exceptional items of Rs. 835.25 Lakh were booked, a major driver of the profit before tax figure; prior-year exceptional items were Rs. 177.49 Lakh for the half year.
  • · Q2 FY27 revenue from operations (Rs. 9,208.76 Lakh) rose sequentially from Q1 FY27 (Rs. 7,498.41 Lakh), while Q2 FY26 revenue was Rs. 12,448.07 Lakh.
  • · Basic and diluted EPS for Q2 FY27 were Rs. 3.38 versus Rs. 8.68 in Q2 FY26; half-year EPS was Rs. 4.33 versus Rs. 6.79.
  • · Auditor's review report contains a limitation: one foreign subsidiary's interim financials were reviewed by another auditor, and the conclusion is based on that auditor's report.
  • · Paid-up equity share capital increased to Rs. 4,445.08 Lakh from Rs. 3,239.22 Lakh in the prior-year period, indicating a capital increase.
  • · Trade receivables rose to Rs. 22,609.85 Lakh as at September 30, 2026 from Rs. 20,433.51 Lakh at March 31, 2026, while trade payables to other creditors declined.
TVS Motor Company Limited Company Update neutral materiality 2/10

29-10-2026

TVS Motor Company Limited has filed a Regulation 30 compliance notice confirming that the audio recording of its post-results conference call with analysts and fund houses, held after its results for the quarter ended 30 September 2026, has been hosted on the company website. The filing contains no financial figures, and no performance metrics are disclosed in this document.

  • · Earnings conference call related to the quarter ended 30 September 2026 was held following the results release, with the audio recording now available at tvsmotor.com/Investors/Communication
  • · The scheduling intimation for this call was originally sent on 21 October 2026
TruCap Finance Limited Corporate Governance negative materiality 9/10

28-10-2026

TruCap Finance Limited reported unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, showing continued losses: standalone Q2 FY27 net loss after tax of ₹871.75 Lakh versus a loss of ₹1,039.65 Lakh in Q1 and ₹3,258.86 Lakh in the prior-year quarter, and consolidated Q2 net loss of ₹1,156.64 Lakh. Revenue from operations declined sharply: standalone Q2 interest income was ₹1,168.05 Lakh versus ₹1,065.62 Lakh in Q1 (up) but half-year interest income fell from ₹2,233.68 Lakh... (see figures), while the company reports a breach of security cover on secured borrowings since the quarter ended December 31, 2025, defaults on borrowings with accounts classified as non-performing, ongoing lender restructuring talks, and an auditor's material uncertainty on going concern.

  • · Security cover on secured borrowings has been inadequate since the quarter ended December 31, 2025, and corrective measures with lenders are in progress.
  • · The company has defaulted on borrowings; accounts with various lenders have turned non-performing and restructuring discussions are ongoing; penal interest has not been recognised.
  • · Auditor's review includes a material uncertainty related to going concern, dependent on the restructuring plan and potential equity infusion.
  • · Standalone NCD outstanding balance is ₹33,00,00,000 out of issue size ₹40,00,00,000 (ISIN INE615R07067, listed on BSE).
  • · Co-lending arrangements: outstanding ₹1623.03 Lakh, net NPA ₹1082.16 Lakh as of September 30, 2026.
Sayaji Hotels (Indore) Limited Market Update neutral materiality 3/10

28-10-2026

Sayaji Hotels (Indore) Limited's Board approved the reconstitution of its Nomination and Remuneration Committee at its 28 October 2026 meeting, intimated to BSE under Regulation 30 of the SEBI LODR Regulations, 2015. The revised committee is chaired by Mr. Abhay Chintaman Chaudhari with five members. The filing is a governance update and contains no financial metrics.

  • · Filing made under Regulation 30 of SEBI LODR Regulations, 2015, to BSE (Scrip Code 544080)
  • · Committee includes two women members (Mrs. Preeti Gupta and Ms. Riya Chhabra)
Sasken Technologies Limited Corporate Governance mixed materiality 7/10

28-10-2026

Sasken Technologies reported audited consolidated results for the quarter and half year ended September 30, 2026, with revenue from operations of ₹32,095.13 lakh in Q2 FY27 (down 5.4% QoQ from ₹33,923.85 lakh, but up 25.6% YoY from ₹25,548.81 lakh) and ₹66,018.98 lakh for H1 FY27 (up 24.8% YoY). Profit after tax rose to ₹2,559.44 lakh in the quarter (up 143.8% YoY, but up 8.8% QoQ), while the Board declared an interim dividend of ₹12 per share (120%) for FY 2026-27. Performance is mixed: profitability and growth improved strongly year on year, but Product Solutions revenue fell 42.0% QoQ and the company's cash-generation from operations turned slightly negative in H1.

  • · Q2 FY27 PBT margin was about 11.0% of revenue, up from about 5.7% in Q2 FY26, though Q1 FY27 PBT was ₹2,957.09 lakh.
  • · Net cash from operating activities was negative ₹22.96 lakh in H1 FY27 after large inventory build (₹5,917.42 lakh outflow) and trade receivables growth (₹4,164.40 lakh outflow).
  • · Company drew ₹8,076.22 lakh of new borrowings in H1 FY27 (previously nil), raising finance costs 81% YoY to ₹376.77 lakh for H1.
  • · Inventories rose to ₹9,448.16 lakh from ₹3,530.74 lakh at March 31, 2026, a 168% increase in six months.
  • · Product Solutions segment profit before tax and interest was ₹485.57 lakh in Q2 FY27, down from ₹708.12 lakh in Q1 FY27 and reversed from a loss of ₹51.67 lakh in Q2 FY26 (improved YoY).
  • · Current income tax liabilities rose to ₹4,397.75 lakh and the Q2 FY27 tax expense was ₹985.74 lakh.
  • · Interim dividend record date is Tuesday, November 3, 2026, with payment on or before Thursday, November 26, 2026; total H1 dividends paid were ₹1,974.24 lakh.
Creative Newtech Ltd Market Update mixed materiality 6/10

28-10-2026

Creative Newtech Ltd reported audited standalone Q2 FY27 Total Income of Rs. 664.55 Crore (up 7.68% YoY), EBITDA of Rs. 26.16 Crore (up 77.99% YoY, margin 3.94% vs 2.38%), and PAT of Rs. 12.65 Crore (up 78.43% YoY, margin 1.90% vs 1.15%). For H1 FY27, Total Income was Rs. 1,112.83 Crore (up 14.25%), EBITDA Rs. 46.17 Crore (up 85.50%) and PAT Rs. 21.66 Crore (up 74.66%). Growth in total income was comparatively modest versus the sharp profit gains, and the company is still operating on thin margins, with EBITDA margin around 4% and PAT margin under 2%.

  • · Proposed acquisition of Infinova (India) Private Limited to build a Make in India surveillance technology platform
  • · Strategic partnership with Drona Aviation for drone-based STEM learning
  • · Partnership with Jupiter Electric Mobility to expand drone technology portfolio
  • · Consolidated Q2 FY27 PAT of Rs. 25.94 Crore, up 36.88% YoY, despite higher finance costs
  • · Net working capital days improved to 45 as of 30 September 2026
  • · Operating cash flow of Rs. 351.24 Crore in H1 FY27 versus an outflow of Rs. 91.65 Crore in H1 FY26 and Rs. 271.88 Crore outflow in FY26
  • · Standalone Total Income growth (7.68% in Q2) lagged profit growth, with absolute margins remaining thin (PAT margin 1.90%)
  • · Management flagged that higher finance costs are a continuing pressure on profitability
Sasken Technologies Limited Corporate Action mixed materiality 7/10

28-10-2026

Sasken Technologies Limited's Board approved audited standalone and consolidated results for the quarter and half year ended September 30, 2026, reporting consolidated revenue from operations of Rs 32,095.13 lakhs for Q2 FY27 (down 5.4% QoQ from Rs 33,923.85 lakhs but up 25.6% YoY from Rs 25,548.81 lakhs) and consolidated profit after tax of Rs 2,559.44 lakhs (up 8.8% QoQ and up 143.8% YoY). The Board also declared an interim dividend of Rs 12 per equity share (120% on Rs 10 face value) for FY 2026-27, with a record date of November 3, 2026 and payment on or before November 26, 2026.

  • · Interim dividend of Rs 12 per share; record date Nov 3, 2026; payment on or before Nov 26, 2026
  • · Net cash from operating activities was nearly break-even at Rs -22.96 lakhs in H1 FY27, versus Rs -2,038.52 lakhs in H1 FY26
  • · Borrowings of Rs 8,076.22 lakhs drawn in H1 FY27, with nil borrowings at March 31, 2026
  • · Product solutions revenue was flat YoY (+2.4%) and fell 42.0% QoQ, while software services grew 34.0% YoY
  • · Other comprehensive income was negative at Rs -141.51 lakhs in Q2 FY27, versus Rs 1,321.68 lakhs in Q2 FY26
  • · Employee benefits expense rose 20.6% YoY and 9.5% QoQ, outpacing revenue growth in the quarter-on-quarter comparison
  • · Contingent consideration payment of Rs 1,867.53 lakhs made in H1 FY27
  • · Inventories rose sharply to Rs 9,448.16 lakhs from Rs 3,530.74 lakhs at March 31, 2026
Metropolis Healthcare Limited Analyst/Investor Meet neutral materiality 3/10

28-10-2026

Metropolis Healthcare Limited has intimated under Regulation 30 of the SEBI LODR Regulations that it will participate in the Q2FY27 earnings conference call organized by BNP Paribas Securities India on Wednesday, November 04, 2026 at 09:00 a.m. IST. The call will discuss financial results for the quarter and half year ended September 30, 2026, with management led by Ms. Ameera Shah (Chairperson & Whole Time Director), Mr. Surendran Chemmenkotil (Managing Director), Mr. Sameer Patel (CFO) and Mr. Mohan Menon (CMO).

  • · Earnings call date and time: November 04, 2026, 09:00 a.m. IST
  • · Call is hosted by BNP Paribas Securities India, coordinator Tausif Shaikh
  • · Scrip code 542650 (BSE); symbol METROPOLIS (NSE)
  • · Dial-in numbers provided for universal and international participants (Hong Kong, Singapore, Australia, UK)
Creative Newtech Ltd Market Update positive materiality 7/10

28-10-2026

Creative Newtech Ltd reported audited consolidated Q2 FY27 total income of Rs. 754.80 crore, up 14.43% YoY from Rs. 659.59 crore, with EBITDA of Rs. 40.11 crore (up 50.70% YoY) and PAT of Rs. 25.94 crore (up 36.88% YoY). For H1 FY27, total income was Rs. 1,231.65 crore (up 16.55% YoY) and PAT was Rs. 39.47 crore (up 35.49% YoY), while the company also announced the proposed acquisition of Infinova (India) Private Limited and new drone-technology partnerships with Drona Aviation and Jupiter Electric Mobility.

  • · Net working capital days stood at 45 as of 30 September 2026, tied to management's focus on working capital discipline
  • · Operating cash flow turned from an outflow of Rs. 91.65 crore in H1 FY26 and Rs. 271.88 crore in FY26 to an inflow of Rs. 351.24 crore in H1 FY27
  • · Management noted Q2 PAT growth came despite higher finance costs during the quarter
  • · Q2 FY27 PAT margin of 3.44% vs 2.87% in Q2 FY26 (+57 bps); H1 PAT margin of 3.20% (+44 bps)
  • · Company states it is associated with over 20 global brands, several of which have been exclusive partners for over five years
Bajaj Electricals Limited Analyst/Investor Meet neutral materiality 2/10

28-10-2026

Bajaj Electricals Limited filed a Regulation 30 intimation under SEBI Listing Regulations stating that the audio recording of its Q2FY27 Earnings Call, held on October 28, 2026 at 4:30 P.M. IST and organised by ICICI Securities Limited, is now available on the company website. The filing contains no financial results, guidance, or quantitative performance figures; it is a compliance disclosure confirming availability of the earnings call recording.

Cochin Shipyard Limited Merger/Acquisition neutral materiality 6/10

28-10-2026

Cochin Shipyard Limited (CSL) has completed the acquisition of a 23% equity stake in Conoship International Holding B.V., Netherlands, by signing the deed for transfer of shares with Conoship's shareholders on October 28, 2026. The filing confirms that all formalities for the transaction have been completed, following the Share Purchase Agreement and Shareholders' and Cooperation Agreement previously intimated on September 24, 2026. The filing does not disclose the transaction value, valuation, or financial impact on CSL.

  • · Transaction completion was marked by signing of the deed for transfer of shares on October 28, 2026
  • · Deal was preceded by a Share Purchase Agreement and Shareholders' and Cooperation Agreement, intimated on September 24, 2026
  • · Filing does not disclose consideration amount, valuation, or funding source
Cholamandalam Investment and Finance Company Limited Analyst/Investor Meet neutral materiality 2/10

28-10-2026

Cholamandalam Investment and Finance Company Limited has filed a letter with NSE and BSE confirming that the audio recording of its earnings call for the quarter ended 30 September 2026, held on 28 October 2026 at 4.00 p.m., has been uploaded to the company website within the timelines prescribed under Regulation 46 of the SEBI (LODR) Regulations, 2015. The filing is administrative in nature and does not disclose any financial results, metrics, or management commentary from the call itself.

  • · Earnings call for quarter ended 30 September 2026 held on 28 October 2026 at 4.00 p.m.
  • · Earnings call invitation was previously communicated via letter dated 22 October 2026
  • · Audio recording available at https://www.cholamandalam.com/investors/call-transcript
  • · NSE scrip code CHOLAFIN EQ; BSE scrip code 511243
Acme Solar Holdings Limited Market Update mixed materiality 7/10

28-10-2026

ACME Solar Holdings Limited reported unaudited consolidated revenue from operations of Rs. 8,870.11 million for the quarter ended 30 September 2026, up from Rs. 4,677.48 million in the corresponding quarter of the prior year, and profit for the period of Rs. 2,686.61 million versus Rs. 1,150.65 million a year earlier. Results for the six months ended 30 September 2026 show revenue from operations of Rs. 17,445.11 million and profit for the period of Rs. 5,039.91 million, while finance costs and depreciation rose sharply year on year and the company's cash position at period end was lower than at the start of the period on a standalone basis. Overall performance is strong on earnings growth, though standalone cash and cash equivalents declined and a portion of QIP proceeds remains unutilised.

  • · Consolidated finance costs rose to Rs. 3,452.12 million in the quarter from Rs. 2,645.21 million a year earlier, and depreciation and amortisation rose to Rs. 1,723.06 million from Rs. 1,173.77 million.
  • · Consolidated cash and cash equivalents increased to Rs. 43,840.75 million at 30 September 2026 from Rs. 22,309.43 million at 31 March 2026, while standalone cash and cash equivalents fell to Rs. 4,102.67 million from Rs. 14,453.28 million.
  • · Of QIP proceeds of Rs. 27,629.04 million, Rs. 20,572.50 million had been utilised and Rs. 7,056.54 million remained unutilised as at 30 September 2026.
  • · Standalone revenue from operations for the quarter was Rs. 8,870.11 million versus Rs. 4,675.85 million a year earlier, while standalone profit before tax rose to Rs. 3,560.14 million from Rs. 1,519.30 million on the pre-finance-cost basis.
  • · Auditors issued an unmodified limited review conclusion, with reliance on other auditors' reports for 54 subsidiaries representing total assets of Rs. 260,860.18 million before consolidation adjustments.
Creative Newtech Ltd Market Update mixed materiality 7/10

28-10-2026

Creative Newtech Ltd's Q2 FY27 investor presentation reports consolidated total income of ₹754.80 crore, up 14.43% YoY from ₹659.59 crore, with EBITDA up 50.70% to ₹40.11 crore and PAT up 36.88% to ₹25.94 crore. Operating cash flow for H1 FY27 turned strongly positive at ₹351.24 crore versus an outflow of ₹91.65 crore in H1 FY26, while the company also disclosed a proposed acquisition of Infinova (India) Private Limited. However, return ratios remain under pressure, with the company citing higher advance payments and temporarily lower margins in its Market Entry Specialist business, and Q2 finance costs rose sharply to ₹9.30 crore from ₹4.49 crore.

  • · Gross margin expanded to 11.34% in Q2 FY27 from 7.90% in Q2 FY26, indicating a better product and business mix
  • · Diluted EPS rose to ₹14.94 from ₹10.85 in Q2 FY26
  • · Interest expense more than doubled YoY to ₹9.30 Cr from ₹4.49 Cr, a material headwind to earnings
  • · Market Entry Specialist business is temporarily carrying higher advance payments and lower margins; ROE and ROCE are depressed as a result
  • · Company has extended higher credit to partners, increasing working capital requirements as a deliberate strategic choice
  • · Brand Business accounted for 19.03% of Q2 FY27 segmental revenue (₹143.12 Cr) versus 12.83% in Q2 FY26 (₹84.04 Cr), while Market Entry Specialist revenue was ₹609.02 Cr versus ₹570.97 Cr
  • · Strategic partnerships with Drona Aviation and Jupiter Electric Mobility expand the drone technology portfolio
  • · Acquisition of Infinova is still a proposal, not a completed transaction
TruCap Finance Limited Market Update negative materiality 9/10

28-10-2026

TruCap Finance Limited reported an unaudited consolidated net loss of ₹1,058.04 lakh for Q2 FY27 (quarter ended September 30, 2026) against a loss of ₹3,289.12 lakh in the year-ago quarter, while the half-year loss narrowed to ₹2,214.70 lakh from ₹5,943.16 lakh; however, total revenue from operations fell 45% YoY to ₹2,530.79 lakh for the half year and the company remains under severe financial stress, with security cover inadequate since the quarter ended December 31, 2025, GNPA rising to 53.80%, debt restructuring talks ongoing, and the auditors flagging a material uncertainty over going concern.

  • · Standalone Net Worth fell to ₹3,424.77 lakh at 30-Sep-26 from ₹10,850.86 lakh a year earlier
  • · Debt-Equity ratio rose to 9.78x from 3.03x a year earlier
  • · Total debts to total assets at 0.89 vs 0.73 a year earlier
  • · Basic and diluted EPS of ₹(1.60) for the half year vs ₹(3.55) a year earlier
  • · Consolidated total assets declined to ₹37,168.69 lakh from ₹39,150.79 lakh at 31-Mar-26
  • · Cash and cash equivalents at period end of ₹901.18 lakh (consolidated)
  • · Co-lending arrangements: 6 CLAs with weighted average interest of 22.07%, net NPA of ₹1,082.16 lakh
  • · Auditors report a going concern material uncertainty tied to restructuring and potential equity infusion
  • · Subsidiary DFL Technologies posted a net loss of ₹427.90 lakh in the half year
Fabtech Technologies Limited Market Update neutral materiality 2/10

28-10-2026

Fabtech Technologies Limited filed its quarterly Statement of Deviation or Variation under Regulation 32 of the SEBI Listing Regulations for the quarter ended September 30, 2026, covering funds raised through its IPO (funds raised on 07-10-2025, aggregating Rs. 2,30,29,65,305/-). The company confirmed there has been no deviation or variation in the use of IPO proceeds, and the Audit Committee reviewed the statement with no comments; CRISIL Ratings Limited is the monitoring agency.

  • · No deviation or variation in use of IPO proceeds; the objects-of-issue table is marked Not Applicable
  • · Monitoring agency is CRISIL Ratings Limited, and the Audit Committee and auditors provided no comments
  • · Fund raising date recorded as 07-10-2025; report covers the quarter ended 30-09-2026
Raymond Realty Limited Market Notice neutral materiality 5/10

28-10-2026

Raymond Realty Limited disclosed that M/s. Chaturvedi & Shah LLP, one of its two Joint Statutory Auditors, has resigned with immediate effect (effective October 28, 2026). The resignation followed the auditor's request for a revision of statutory audit fees, which management declined on August 28, 2026. The auditors raised no concerns about management or the circumstances of resignation, and M/s. Walker Chandiok & Co. LLP continues as the remaining Statutory Auditor.

  • · Auditor's audit report on FY2025-26 financials dated May 5, 2026; limited review reports dated August 7, 2026 (Q1 FY27) and October 27, 2026 (Q2/H1 FY27) were issued jointly with the resigning auditor
  • · Auditor's resignation letter was delivered in person at the Registered Office at 07:00 PM on October 28, 2026
  • · Resigning auditor must file Form ADT-3 with the Registrar of Companies under the Companies Act, 2013
  • · Resigning auditor's original term ran from the 3rd AGM (June 13, 2022) to the 8th AGM expected in 2027
  • · Audit Committee deliberation was not required under the SEBI Circular dated October 18, 2019, as the auditor raised no concerns
TruCap Finance Limited Market Update negative materiality 9/10

28-10-2026

TruCap Finance Limited reported a standalone net loss of Rs 871.75 lakhs for Q2 FY27 (quarter ended September 30, 2026), narrowing from a loss of Rs 1,039.65 lakhs in Q1 but widening sharply from Rs 3,258.86 lakhs a year earlier. Total income for the quarter fell 17.5% YoY to Rs 1,301.08 lakhs, while the auditor drew attention to a material uncertainty over going concern tied to breaches of security cover and loan covenants, deteriorating asset quality, and dependence on a lender restructuring plan and potential equity infusion. The board also approved a fundraise of up to Rs 58 Crores and the Dhanvarsha ESOP Plan 2026, both subject to shareholder approval.

  • · Auditor flagged a Material Uncertainty Related to Going Concern (opinion not modified), citing breach of security cover and other loan covenants, deteriorating asset quality, and dependence on a lender restructuring plan and potential equity infusion
  • · Fundraise of up to Rs 58 Crores via equity or convertible instruments requires a shareholder special resolution by postal ballot, including Regulation 26(2) SAST compliance; definitive terms to be set at a later board meeting
  • · Three executives designated as Senior Management Personnel effective October 29, 2026
  • · Q2 FY27 deferred tax credit of Rs 79.13 lakhs versus Rs 1,270.35 lakhs a year earlier; deferred tax assets rose to Rs 6,268.12 lakhs
  • · Other equity fell sharply to Rs 1,029.53 lakhs from Rs 8,473.62 lakhs a year earlier, reflecting accumulated losses
  • · Interest income fell 45.7% YoY, while Q2 finance costs fell 53.9% YoY, leaving net interest margin under pressure from the shrinking loan book
  • · No funds raised during the quarter; disclosures under Regulations 32, 52(7) and 52(7A) not applicable
Acme Solar Holdings Limited Market Notice neutral materiality 4/10

28-10-2026

ACME Solar Holdings Limited submitted a Monitoring Agency Report from CARE Ratings for the quarter ended September 30, 2026, covering utilisation of its Rs. 2,800 crore Qualified Institutions Placement (QIP). Of this, Rs. 1,074.91 crore was utilised as of the beginning of the quarter, Rs. 1,015.01 crore was utilised during the quarter, and Rs. 2,089.93 crore is cumulatively utilised, leaving Rs. 710.08 crore unutilised. The MA reports no deviation from the objects of the issue, while the unutilised balance is parked in fixed deposits and monitoring accounts.

  • · Unutilised QIP proceeds are held in fixed deposits maturing between 05-Dec-26 and 22-Dec-26, with yields ranging from 5.75% to 7.40%.
  • · No utilisation of GCP funds occurred during the quarter ended September 30, 2026, although Rs. 660.00 crore was invested in three wholly owned subsidiaries under GCP cumulatively.
  • · Repayment of borrowings objective is 'Ongoing' with a completion date of March 31, 2028; GCP objective also has a March 31, 2028 completion date.
  • · The Monitoring Agency explicitly disclaims audit responsibility and states that 'Comments of the Board of Directors' sections were not reviewed by CARE Ratings.
  • · Issue period ran from June 1, 2026 to June 4, 2026, and the Monitoring Agency Agreement is dated June 1, 2026.
Dodla Dairy Limited Corporate Governance mixed materiality 5/10

28-10-2026

Dodla Dairy Limited reported standalone and consolidated unaudited results for the quarter and half year ended 30 September 2026. Consolidated revenue from operations for Q2 FY27 was Rs. 1,196.02 crore versus Rs. 1,197.94 crore in the year-ago quarter, a marginal decline of about 0.2%, while half-year revenue rose to Rs. 2,393.96 crore from Rs. 2,025.69 crore (about 18.2% YoY). Consolidated profit for the quarter fell to Rs. 36.59 crore from Rs. 40.64 crore (about 10% decline), while half-year PAT rose to Rs. 65.67 crore from Rs. 77.23 crore, a decline of about 15%; standalone profit for the quarter was Rs. 25.08 crore versus Rs. 21.75 crore, an increase of about 15%. Sentiment is mixed given the flat-to-lower quarterly consolidated top line and profit alongside strong half-year revenue growth.

  • · Standalone revenue from operations for Q2 FY27 was Rs. 936.06 crore versus Rs. 854.58 crore (about 9.5% growth), and standalone PAT rose to Rs. 25.08 crore from Rs. 21.75 crore.
  • · Consolidated EPS fell to Rs. 6.06 from Rs. 6.74 for Q2, and half-year EPS fell to Rs. 10.89 from Rs. 12.80.
  • · A final dividend of Rs. 5 per share totalling Rs. 30.16 crore was approved at the 14 July 2026 AGM and paid in the current quarter.
  • · Consolidated Q2 employee costs rose to Rs. 54.96 crore from Rs. 55.65 crore, while half-year employee costs nearly doubled to Rs. 110.61 crore from Rs. 97.06 crore; the auditors issued an unmodified review opinion.
Acme Solar Holdings Limited Market Update neutral materiality 3/10

28-10-2026

ACME Solar Holdings Limited filed a Regulation 32 statement confirming there was no deviation or variation in the utilisation of proceeds from its Qualified Institutions Placement (QIP) for the quarter ended September 30, 2026. The QIP, raised on June 04, 2026, amounted to approximately INR 2800 Crore, and the funds were used in line with the objects stated in the Placement Document. CARE Ratings Limited is the monitoring agency for the issue.

  • · No deviation or variation in use of QIP proceeds from the objects stated in the Placement Document
  • · No audit committee or auditor comments requiring attention (both recorded as Nil)
  • · Report filed under Regulation 32 of SEBI (LODR) Regulations, 2015, referencing SEBI Master Circular dated January 30, 2026
  • · Scrip Code 544283, Symbol ACMESOLAR
Jindal Stainless Limited Merger/Acquisition positive materiality 3/10

28-10-2026

Jindal Stainless Limited acquired an additional equity stake in Ampin C&I Three Private Limited, a special purpose vehicle formed with Ampin C&I Private Limited to develop a 40 MW intra-state solar group captive renewable energy project for its plant power requirements. The acquisition was made in cash for about ₹5.08 crore, raising the Company's aggregate stake to 24.21% after acquiring roughly 7% more equity, and its committed investment to date totals about ₹13.83 crore. No regulatory approvals are required, and the project is expected to produce about 61.73 million units annually for captive use.

  • · Ampin is not a related party of the Company, and no promoter or group company interest in the entity is disclosed
  • · Ampin was incorporated on November 22, 2021, with registered office in Delhi, India; the project was still under commissioning, so turnover is not applicable
  • · No governmental or regulatory approval is required for the acquisition
  • · The filing was made under Regulation 30 of SEBI LODR, read with SEBI Circular dated January 30, 2026

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