Daily Filing Digest — Tuesday, 29 Sep 2026

SEBI settled its six-year minimum public shareholding case against four Adani companies and their directors for ₹37.05 lakh per company, without admission. Canada's CPP Investments agreed to invest up to ₹3,000 crore for about 27% of Prestige's hotel business, four days after that business withdrew its IPO papers. Ganesh Benzoplast is selling its port tank terminals and rail logistics to a KKR-backed buyer for ₹1,154 crore. Indo Borax took control of Kronox Lab Sciences. IHH says it wants 51% of Fortis within three to five years.

The one to read first

Adani group: SEBI passed a settlement order on 28 September closing its minimum public shareholding proceedings against Adani Enterprises, Adani Power, Adani Ports and SEZ and Adani Energy Solutions, and 14 current and former directors.

• The case began with complaints in June and July 2020. SEBI's show cause notice followed in September 2024, with a supplementary notice in March 2025.
• The amount is ₹37,05,000 for each company, payable jointly and severally with its directors: ₹1.48 crore in total, paid on 26 August.
• The settlement is "without admitting or denying the facts and conclusions of law". It covers the 18 applicants; the notice also went to other entities, whose position is not stated.
• Each company says there is no material financial impact (Adani Power, Adani Ports, Adani Energy Solutions).

Full read: SEBI Settles the Adani Public-Float Case for ₹37 Lakh a Company

Deals

• Prestige Estates signed agreements for CPP Investments to invest up to ₹3,000 crore in Prestige Hospitality Ventures, in three tranches, for about 27%, through a mix of new shares and a secondary purchase. It needs CCI approval. The hotel company's FY26 revenue was ₹345.90 crore. CPP Investments says most of the money will fund expansion. On 25 September the same company withdrew its draft IPO prospectus.
• Ganesh Benzoplast agreed to sell its liquid storage tank business at JNPT, Goa and Cochin ports, and its rail logistics business, to Cisternina Logistics, "in which KKR will make a majority investment", for ₹1,154 crore. It expects about ₹280 crore more in EPC revenue from building pipelines and tanks at JNPT over 18–24 months. Shareholder and regulatory approvals are pending.
• Kronox Lab Sciences: Indo Borax & Chemicals completed its purchase of 2,38,44,000 shares (64.26%) from the promoters. Kronox's board was reconstituted the same day, with a new MD and CFO. The price is not stated in the filings read.
• Fortis Healthcare: parent IHH said that "Over the next three to five years, we plan to increase our stake in Fortis to 51%", and to expand to about 10,000 beds by 2031. The statement follows the Supreme Court's 25 September order on the forensic audit (see the 27 Sep digest).
• JSW Cement will merge its listed subsidiary Shiva Cement into itself: 5 JSW Cement shares for every 41 Shiva Cement shares. Completion is expected in 12–14 months.
• ACC shareholders approved ACC's merger into Ambuja Cements at the NCLT-convened meeting, including by the required majority of public shareholders.
• Time Technoplast approved merging its 74.86% subsidiary TPL Plastech into itself: 403 Time Technoplast shares for every 1,000 TPL shares.
• Aurum PropTech allotted 1,97,93,309 shares at ₹231.421 each, about ₹458 crore, to REA India, in exchange for 100% of Locon Solutions.
• Endurance Technologies will buy the remaining 32% of Germany's Stöferle companies now, for €18 million upfront, instead of in tranches to June 2030.
• Pidilite's subsidiary sold its entire stake in Finemake Technologies to Finemake's founders, at a valuation it did not disclose.
• NLC India approved a 50:50 joint venture with NALCO for a 1,080 MW captive thermal power plant for NALCO.

Orders

• KPI Green Energy received an EPC order of about ₹2,025 crore from NACOF Oorja for a 500 MW / 550 MWp solar project at Bikaner, Rajasthan.
• Power Mech Projects won a ₹549.37 crore order from Adani Group's Moxie Power Generation for five years of O&M at the 2 × 600 MW Tuticorin plant, from 1 October.
• STL Networks is the lowest bidder for RailTel's data-centre cloud infrastructure, worth ₹249.8 crore including taxes.
• KSB received an export order from Dangote Projects for about 18 boiler feed pump packages worth US$12,400,051, for delivery between September 2027 and March 2028.

Capital

• McLeod Russel signed a master restructuring agreement with NARCL and promoter Aditya Khaitan for ₹2,483.31 crore of debt: ₹1,050 crore classed as sustainable and ₹1,433.31 crore as unsustainable.
• IRB Infrastructure's public InvIT raised ₹2,351 crore (₹2,000 crore by institutional placement, ₹351 crore preferential) to part-fund two highway assets bought from IRB's private InvIT.
• Transport Corporation of India approved a buyback of up to 15,62,500 shares (2.03%) at ₹960, up to ₹150 crore, record date 9 October, and a wholly owned subsidiary in China.
• Tata Steel invested US$340 million (₹3,260.32 crore) in its Singapore holding company T Steel Holdings.
• GMR Airports: a subsidiary of Aéroports de Paris converted 25,50,000 preference shares into 10,20,00,000 equity shares, 0.96% of the enlarged capital.

Courts, regulators and tax

• Tata Steel: the Income Tax Appellate Tribunal allowed its appeal for FY2009 on interest on loans for the Corus acquisition. Tata Steel says its exposure on the issue falls from about ₹1,686 crore to about ₹1,259 crore once the order takes effect.
• Graphite India: the US Department of Commerce made a preliminary anti-dumping determination on large-diameter graphite electrodes: a dumping margin of 12.22% and a cash deposit rate of 9.88% after the subsidy offset. The effective date is not yet notified.
• United Breweries received income-tax penalty orders in seven orders covering AY 2013-14 and AY 2022-23, totalling ₹54,82,99,656.
• Tata Chemicals, asked by NSE about a news report on Tata Sons' listing, said it "has no knowledge of any negotiations".

Management

• Britannia made CFO N. Venkataraman Deputy Managing Director from 1 October and appointed Ramamurthy Jayaraman as CFO.

Operations

• Ramco Cements completed de-bottlenecking at Jayanthipuram: clinker capacity rises from 4.61 to 5.62 MTPA and grinding from 3.65 to 4.38 MTPA. Group capacity is now 16.95 MTPA clinker and 27.17 MTPA cement.
• Deepak Nitrite's subsidiary started its chlorination and specialty chemicals plant at Dahej, after about ₹300 crore of capex.

Shareholdings

• Welspun Living: the promoter-group Welspun Group Master Trust sold 2,44,71,102 shares (2.59%) by block deal. The promoter group's holding fell from 66.36% to 63.77%.
• RHI Magnesita India: Dalmia Bharat Refractories sold its entire 13.08% (2,70,20,000 shares) on the market. SBI Mutual Fund bought 1,66,66,667 shares (8.07%).
• Groww (Billionbrains Garage Ventures): Peak XV sold 16,69,97,368 shares (2.66%) between May and September, leaving 14.22%.

The fine print

• CarTrade Tech: shareholders passed a related-party transaction between its subsidiary Shriram Automall and Shriram Finance with 21.05% of votes against; 22.19% of institutional votes cast were against.
• Vipul: its FY26 audited results carry a modified audit opinion.

Dates to note

• 7–13 Oct: Hitech Corporation's delisting offer bidding window. Indicative price ₹353, floor price ₹252.
• 9 Oct: record date for Transport Corporation of India's buyback, and for the Mold-Tek bonuses.
• 12 Oct: Natco Pharma's rights issue opens.
• 2 Nov: Maruti Suzuki's CCI hearing resumes.

What we're not reporting

This digest covers NSE filings only. Ravens reads NSE alone while BSE's access block continues, so BSE-only filings are not in it.

The rest of the day was mostly GST notices below the materiality bar, AGM results, ESOP grants, rating reaffirmations and commercial paper.

Educational research, not investment advice. Every figure above is drawn from the named company's own filing dated 29 September 2026, or from SEBI's order, 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.