Daily Filing Digest — Friday, 2 Oct 2026

Markets were shut for Gandhi Jayanti, but 170 filings still came in. Shyam Metalics signed a non-binding MoU with Maharashtra for a 9 MTPA steel complex at an estimated ₹50,000 crore. ideaForge received a GST order for ₹54.59 crore plus an equal penalty over the tax rate on drones. ICICI Life named ICICI Bank's Sidharatha Mishra to succeed Anup Bagchi, who leaves for HDFC Bank. PNB and Equitas Small Finance Bank posted their first Q2 numbers.

The one to read first

Shyam Metalics signed a non-binding MoU with the Government of Maharashtra for a 9 MTPA greenfield integrated steel complex at Chandrapur, with an estimated investment of ₹50,000 crore. That is about 2.7 times its FY26 revenue of ₹18,552 crore, and more than five times the "~₹9,500 Cr" of capex its July presentation plans for the next 4–5 years (our arithmetic).

Full read: Shyam Metalics' ₹50,000 Crore Steel MoU

Tax, courts and regulators

• ideaForge received a Section 74 GST order for ₹54.59 crore of tax plus a ₹54.59 crore penalty for January 2022 to March 2024. The department says drones were short-taxed by 13 percentage points on the 5% charged; the company cites a 2025 clarification that the rate is 5% and will appeal. Full read: ideaForge's ₹109 Crore GST Order
• Emcure Pharmaceuticals received income-tax penalty orders totalling ₹57.74 crore for FY2014-15 to FY2020-21, and is evaluating an appeal.
• Awfis Space Solutions lost an arbitration with Ruby Infotech over a lease: about ₹8.26 crore plus interest and costs; the company puts the net cost at no more than ₹6.3 crore and plans to challenge it.
• Snowman Logistics received a ₹2.07 crore income-tax penalty demand for AY 2024-25 and plans to appeal.
• Aether Industries won: a ₹4.26 crore CGST demand over tax credit on IPO expenses was dropped.
• Indiabulls Ltd was registered by RBI as a Core Investment Company; it says it will surrender the certificate if the registration turns out not to apply.

People

• ICICI Life Insurance: Anup Bagchi resigned as MD and CEO from the close of 13 October, "to pursue a new career opportunity outside the organization"; RBI approved him as HDFC Bank's next CEO on 1 October. Sidharatha Mishra becomes COO from 6 October and MD and CEO from 14 October or IRDAI approval, whichever is later, for five years. ICICI Bank says Mishra moves from the bank and leaves its senior management on 5 October. Background: HDFC Bank and Kotak Name New CEOs
• Petronet LNG's board appointed Sanjay Kumar, Director (Marketing) at GAIL, as MD and CEO from 13 May 2027, when the post falls vacant.

Lenders: Q2 updates

• Punjab National Bank global deposits rose 9.90% from a year earlier to ₹17,77,097 crore and global advances 14.80% to ₹13,42,693 crore; global CD ratio 75.56%.
• Equitas Small Finance Bank gross advances rose 29.58% to ₹50,694 crore and deposits 19.03% to ₹52,483 crore; CASA fell 1.04% and the CASA ratio was 26%. It sold ₹110 crore of NPAs to an ARC in the quarter.
• Mahindra & Mahindra Financial Services estimates Q2 disbursements of about ₹16,490 crore and business assets of about ₹1,46,300 crore, up ~15%; Stage-3 is estimated at 3.35–3.45%.

Our Q2 bank tracker now covers 15 banks, adding PNB and Equitas.

Operations

• Sobha reported Q2 sales value of ₹22,063 million and a record ₹58.62 billion for the half-year; it completed 1,391 homes.
• V2 Retail's standalone Q2 revenue rose 28.4% to ₹905 crore; it opened 49 stores and closed 3, ending with 427.
• Adani Ports handled 46 MMT of cargo in September (+11%) and 280 MMT in H1 FY27 (+15%).
• Sambhv Steel Tubes sold 1,13,591 tonnes of value-added products in Q2, against 89,562 a year earlier; total volume was 1,22,662 tonnes.

Deals

• Hindustan Aeronautics agreed to buy CAE Canada's 50% of HATSOFF Helicopter Training for nil consideration, making it a wholly owned subsidiary; HATSOFF's FY26 turnover was ₹80.95 crore.
• Aurobindo Pharma's US subsidiary bought A1 Biochem Labs LLC for US$15.247 million in cash, and its subsidiary Apitoria completed the purchase of 80% of A1 Biochem Labs (India), a contract research business.
• Mazagon Dock confirmed it is not pursuing a greenfield shipyard at Thoothukudi, after the project's joint venture chose another anchor shipyard; it is focusing on the Dighi (Maharashtra) and Dugarajapatnam (Andhra Pradesh) clusters, where it is the anchor.

Orders

• Transformers & Rectifiers won two "Large Orders" (₹100–500 crore band each): auto transformers for Damodar Valley Corporation and shunt reactors and auto transformers for GETCO.
• Knack Packaging won a three-year contract from a large US animal-nutrition company for about 60 million bags a year, worth about ₹150 crore a year.

Capital, stakes and credit

• Kabra Extrusion Technik allotted 37.6 lakh shares on a preferential basis to promoter-group and non-promoter investors, raising ₹141 crore.
• Shreeji Shipping Global's two promoters sold 1.99% in the open market to meet the minimum public shareholding rule.
• Ravindra Energy: promoter Khandepar Investments (30.49%) pledged 7.57 lakh shares, and promoter Narendra Murkumbi pledged 1 lakh.
• ACME Solar: Crisil revised its bank-loan outlook to Positive at AA-, with rated facilities raised to ₹2,500 crore from ₹1,500 crore.

Educational research, not investment advice. Every figure above is drawn from the named company's own filing dated 2 October 2026 and checked against the source; amounts are rounded from the filed figures, and derived figures are our arithmetic. No buy/sell recommendations, no price targets, no share prices. Moat & Margin is not a SEBI-registered Research Analyst or Investment Adviser.