Daily Filing Digest — Thursday, 24 Sep 2026

Whirlpool's parent told the Indian company it is exploring a sale of control with more than one buyer. Dr Lal PathLabs agreed to buy 70% of a genomics lab for up to ₹168 crore plus an earn-out. R R Kabel is buying Usha Martin's optical-fibre cable business for ₹77 crore. And the Serious Fraud Investigation Office called for information from India Power Corporation, which is already in insolvency.

The one to read first

Whirlpool of India told the exchanges that a letter received at 7:17 pm on 22 September set out its promoter's intent to sell its shares "to a third party as part of a control transaction", explored "with more than one potential counterparty".

• The company says it is not a party to the negotiations and does not know the terms.
• It disclosed the letter only in its 24 September reply to the exchanges, after a 20% move in the stock on 23 September.
• The Whirlpool brand itself stays with the parent group, licensed to India for 30 years.

Full read: Whirlpool of India: A Buyer Would Get the Company, Not the Name

Deals

• Dr Lal PathLabs' board approved buying 70% of SN Genelab, a Gujarat diagnostics-genomics company, for cash.
  • The price is up to ₹168 crore plus a performance-linked earn-out capped at ₹31.5 crore.
  • SN Gene's turnover was ₹43.27 crore in FY24, ₹53.36 crore in FY25 and ₹57.96 crore in FY26.
  • Completion is expected by 30 November 2026.
• R R Kabel is buying the business of U M Cables, Usha Martin's optical-fibre and telecom cable subsidiary, by slump sale for ₹77 crore, subject to working-capital adjustments. UMCL's FY26 turnover was ₹78.19 crore. Usha Martin says the sale sharpens its focus on its core wire and wire-ropes business.
• Waaree Energies set the swap ratio for absorbing Indosolar: 1 Waaree share for every 11 Indosolar shares. Separately, its subsidiary Waaree Clean Energy Solutions is entering specialty gases for semiconductor and solar manufacturing.
• Nykaa completed its acquisition of 51% of Aminu Wellness on a fully diluted basis, making it a subsidiary.
• Lemon Tree Hotels' subsidiary Fleur Hotels registered the purchase of about 989.30 sq m of land in Bandra (East), Mumbai, for a hotel, for ₹120 crore excluding stamp duty.

Orders and new business

• Genesys International won a ₹283 crore contract, including taxes, from the Ahmedabad Municipal Corporation for a World Bank-funded 3D digital map of about 625 sq km and roughly 25 lakh properties. It is to be completed over two and a half years.
• LCC Projects emerged as L-1 bidder for the Chhoti Kalisindh sprinkler irrigation project in Jhalawar, Rajasthan, estimated at ₹653.34 crore including GST. L-1 is the lowest bid, not yet an award.
• Varun Beverages' Zimbabwe subsidiary signed an exclusive distribution agreement with Mondelez South Africa for chocolate, biscuit, candy and gum from 1 October 2026. The filing says no capex is envisaged; it will use the existing distribution network.
• Nava commissioned a 100 MW solar plant in Zambia through its step-down subsidiary Maamba Solar Energy. It sells all its power to the national utility ZESCO under a 20-year PPA.
• Balrampur Chini was awarded a ₹75 crore grant from DBT-BIRAC under BioE3, for a 100 TPA PLA co-polymer R&D facility.
• TCPL Packaging incorporated TCPL Energy Materials, a wholly owned subsidiary for lithium-ion battery separator films.

Capital

• Indiabulls allotted 51.55 crore warrants at ₹19.40 each and received ₹250.02 crore, the 25% payable upfront.
  • To promoter-group entities: Phanes (22.53 crore) and Hermes (14.03 crore).
  • To non-promoters: EBISU Global Opportunities Fund (10 crore) and Nyaasa Global Fund (5 crore).
• Inox Green Energy Services opened a QIP at a floor price of ₹174.36 a share.
• Themis Medicare withdrew a planned preferential issue of 45,95,795 warrants to a promoter-group entity at ₹102.87. It says the working capital the issue was meant to fund has been arranged by other means.
• Steel Exchange India was upgraded two notches by Infomerics, long-term to IVR BBB+/Stable and short-term to IVR A2. Rated bank facilities rose from ₹200 crore to ₹359.63 crore.

The fine print

• India Power Corporation (formerly DPSC; in insolvency since an NCLT order of 15 May 2026) received a letter from the Serious Fraud Investigation Office on 23 September.
  • It calls for information under section 217(1) of the Companies Act.
  • It follows an MCA order under section 212(1)(c) directing an investigation.
  • The filing notes that the board's powers are suspended and are exercised by the resolution professional.
• DEE Development Engineers' special resolution to revise whole-time director Shikha Bansal's pay was defeated. 71.08% voted in favour and 28.92% against, short of the 75% a special resolution needs.
• PVP Ventures lost its executive director and CEO, Dr Ellen Jane Feehan (personal health reasons), and its executive director and COO, Dr Neeraja Nagarajan (personal reasons), on the same day.
• TruAlt Bioenergy: promoter-group entity Nirani Holdings pledged 14,00,000 shares (1.63%) to Jio Credit on 22 September. The filing says the pledge secures the debt of Vijaykumar Nirani and Vishal Nirani.
• Twamev Construction and Infrastructure' promoter Ravi Todi sold 90,00,000 shares (5.81%) on 23 September. Two promoter-group entities sold 10,00,000 shares (0.65%) each.
• Alkem Laboratories' CFO Nitin Agrawal is leaving. He resigned on 30 July and ceases to be CFO on 30 September.
• Sundram Fasteners received exchange approval to reclassify three promoter-group companies as public shareholders.

What we're not reporting

About 989 BSE-only documents could not be opened today because BSE downloads are paused; nothing from them is reported here. The rest of the day was mostly:

• trading-window closures and Q2 board-meeting dates;
• SAST disclosures without sizes;
• AGM results and director re-appointments;
• auditor appointments and small subsidiaries;
• routine encumbrance confirmations from promoters (Coal India, LIC Housing, Nuvama).

Educational research, not investment advice. Every figure above is drawn from the named company's own filing dated 24 September 2026 (or the date stated) and checked against the source; where a filing disclosed no value, none is stated. No buy/sell recommendations, no price targets. Moat & Margin is not a SEBI-registered Research Analyst or Investment Adviser.