> ## Content Index > Fetch the complete content index at: https://www.moatmarginresearch.com/llms.txt > Use this file to discover other available public pages before exploring further. # Daily Filing Digest — Thursday, 8 Oct 2026 - URL: https://www.moatmarginresearch.com/daily-filing-digest-2026-10-08/ - Published: 2026-10-09T03:09:50.000Z - Updated: 2026-10-09T03:09:50.000Z - Description: 8 Oct 2026: TCS Q2 and the Porsche/MHP deal; Cochin Shipyard's ₹1,800 crore repair-yard JV; Evonile Pharma's ₹900 crore rights issue; more pledged Ajanta shares - Author: A K Karthikeyan - Tags: Daily Filing Digest **TCS opened the Q2 results season: revenue up 11.2% to ₹73,188 crore, net profit up about 7.6%, and an operating margin of 24.0%, down from about 25.2% a year ago. It also agreed to buy MHP, Porsche's IT consulting arm. Cochin Shipyard asked shareholders to move its Kochi ship-repair yard into a 50:50 joint venture with Drydocks World at a ₹1,800 crore valuation. Evonile Pharma, the former Novartis India, plans a rights issue of up to ₹900 crore. And another 2.1% of Ajanta Pharma's shares were pledged as security for ₹3,873 crore of debentures issued by two other companies.** ## The ones to read first - **TCS** [reported Q2 FY27](https://nsearchives.nseindia.com/corporate/TCS%5FCORPCS%5F08102026154325%5FPressReleaseletter.pdf): | | Q2 FY26 | Q2 FY27 | | ------------------------------ | ------------------------ | ------------------------------------- | | Revenue | ₹65,799 crore | ₹73,188 crore (+11.2%) | | Net profit, excluding one-offs | ₹12,904 crore | ₹13,884 crore (+7.6%, our arithmetic) | | Operating margin | \~25.2% (our arithmetic) | 24.0% | - In constant currency, growth was 2.8% year on year and 0.5% quarter on quarter; deals signed (TCV) were US$9.6 billion. - It says annualised AI revenue is US$3.1 billion, over 10% of revenue. Headcount: 598,056. - It agreed a five-year partnership with Porsche and will buy 100% of MHP, Porsche's German management and IT consulting subsidiary, subject to regulatory approvals. No price was disclosed. - Second interim dividend: ₹12 a share. Full read: [TCS Q2: 11% Growth in Rupees, 2.8% in Constant Currency. Where the Margin Went.](https://www.moatmarginresearch.com/tcs-q2-fy27-moat-margin/) - **Cochin Shipyard** [asked shareholders to approve](https://nsearchives.nseindia.com/corporate/Aswi4739%5F08102026103735%5FSE%5FIntimation%5FPB%5FNotice%5F08%5F10%5F2026%5Fsd.pdf) moving its International Ship Repair Facility at Willingdon Island, Kochi, into a 50:50 joint venture with Drydocks World (Dubai). - The yard goes in at a fair value of ₹1,800 crore: ₹900 crore in cash and ₹900 crore in JV shares. - The facility repairs commercial and naval vessels under 130 metres. E-voting runs from 9 October to 7 November. - **Evonile Pharma** (formerly Novartis India) [approved a rights issue](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d6b79094-622e-45f0-9ee8-a34c53a26e62.pdf) of partly paid shares for up to ₹9,000 million (₹900 crore). The price, ratio and record date are still to be set. - **Ajanta Pharma**: CTL Trusteeship [disclosed](https://nsearchives.nseindia.com/corporate/SAST%5F10082026115634%5F53869.zip) a further 2.10% of Ajanta's shares pledged with it as security for debentures of up to ₹3,373 crore issued by Lenexis Foodworks and up to ₹500 crore by Inspira Realty 2\. - Pledged shares rose to 7.41% of Ajanta's capital; all encumbrances, pledges included, are 13.53%. - The disclosure is dated 30 September. - **Dr. Reddy's** [received a Form 483 with two observations](https://nsearchives.nseindia.com/corporate/DRREDDY%5F08102026155720%5FSE%5Fintimation%5F08102026%5Fsigned.pdf) after a USFDA pre-approval inspection of its FTO-11 plant at Pydibhimavaram, Andhra Pradesh (5–7 October). - **Polycab India** [has appealed to the NCLAT](https://nsearchives.nseindia.com/corporate/POLYCAB%5F08102026204050%5FStockExchangeIntimationCIRPupdate08102026F.pdf) against the 7 October insolvency admission over a disputed ₹2.79 crore. The hearing is listed for 9 October. ## Rates: the repo hike, day two - **UCO Bank** [raised its repo-linked lending rate](https://nsearchives.nseindia.com/corporate/UCOBANK%5F08102026102055%5FNSEBSEMCLR08102026.pdf) to 8.30% from 8.05%, effective 8 October; its MCLR and base rate are unchanged. Its benchmark for the 10-year government bond yield rose to 7.32% from 7.09%. ## Q2 updates - **JSW Steel**: [consolidated crude steel output](https://nsearchives.nseindia.com/corporate/jessydenny%5F08102026160336%5FProduction%5FPress%5FRelease%5FSept%5F26%5F%5F1%5F.pdf) 7.27 million tonnes, +5% year on year; Indian plants ran at 88% of capacity as Vijayanagar's BF3 ramps up after an upgrade. - **Info Edge**: [standalone billings +12.8%](https://nsearchives.nseindia.com/corporate/NAUKRI2%5F08102026091904%5FSE%5FDisclosure%5F-%5FQ2%5FFY27.pdf) to ₹822.3 crore; 99acres +21.2%, Shiksha −27.2%. - **Embassy Developments**: [pre-sales of \~₹3,225 crore](https://nsearchives.nseindia.com/corporate/EMBDL%5F08102026140727%5FEDL%5FKeyOp%5FQ2%5F2027.pdf), up from \~₹868 crore in Q1; H1 is \~51% of its ₹8,000 crore FY27 guidance. - **Keystone Realtors**: [pre-sales of ₹14.23 billion](https://nsearchives.nseindia.com/corporate/RUSTOMJEE%5F08102026111902%5FKOD%5FQ2FY27.pdf), +84%; collections fell 19% to ₹5.41 billion. - **P N Gadgil Jewellers**: [revenue +22.4%](https://nsearchives.nseindia.com/corporate/PNGJEWELLERS%5F08102026185539%5FIntimationofquarterlyupdateQ2FY27.pdf); retail +31.1% with same-store growth of 25.5%, even with Navratri shifting into Q3\. For context: [India's jewellers against the gold price](https://www.moatmarginresearch.com/jewellers-q2-growth-gold-price/). - **Muthoot Microfin**: [AUM +22%](https://nsearchives.nseindia.com/corporate/muthootmicrofin%5F08102026083142%5FKeyBusinessUpdateforQuarterendedSeptember302026SD.pdf) to ₹15,323 crore. - **Aye Finance**: [AUM +26%](https://nsearchives.nseindia.com/corporate/AYEFINANCE%5F08102026142105%5FAYE%5FIntimation.pdf) to ₹7,604 crore; gross NPA improved 19 bps in the quarter to 4.30%. - **IRB Infrastructure**: [September toll revenue](https://nsearchives.nseindia.com/corporate/IRB%5F08102026184950%5FIRBIDL%5Fdisclosure%5FToll%5FRevenue%5FSeptember2026.pdf) ₹773 crore, \~+24%. - **Tata Power**: its solar plant at Tirunelveli [made 1 GW of modules and 0.9 GW of cells](https://nsearchives.nseindia.com/corporate/KSTPCL%5F08102026111125%5FPR.pdf) in the quarter. - **Steel Exchange India**: [revenue of \~₹340 crore](https://nsearchives.nseindia.com/corporate/STEELXIND%5F08102026100116%5FIntimation%5Fof%5FPress%5FRelease%5F08102026%5FFinal%5FSigned.pdf), \~+45%, on record rebar output. ## Deals and capital - **Vedanta** [declared a ₹5 interim dividend](https://nsearchives.nseindia.com/corporate/VEDL%5F08102026131108%5FSEIntimationOutcomeofBM1stInterimDividendsigned.pdf), about ₹1,955 crore in all. - **VRL Logistics**' shareholders [approved a buyback](https://nsearchives.nseindia.com/corporate/VRLLOGI%5F08102026160451%5FShareholdersandBoardResBuyback08102026.pdf) of 87.5 lakh shares (5% of its equity), up to ₹280 crore, by tender offer. - **Shivam Autotech** [fixed a rights issue](https://nsearchives.nseindia.com/corporate/SHIVAMAUTO%5F08102026150717%5FSignedOutcomeofRIC08102026.pdf) of up to ₹120 crore: 19 shares for every 25 held, record date 15 October. - **Krsnaa Diagnostics** [received exchange approval](https://nsearchives.nseindia.com/corporate/KRSNAA%5F08102026210946%5F543328.pdf) to issue 16.21 lakh warrants to its promoters. - **GOCL Corporation**: the NCLT [ordered shareholder and creditor meetings](https://nsearchives.nseindia.com/corporate/GULFCORP%5F08102026184429%5FIntimationNCLTOrderDated08102026Signed.pdf) on merging Hinduja National Power into GOCL. - **ONGC and MRPL** [formed ONGC Petrochemicals Marketing](https://nsearchives.nseindia.com/corporate/MRPL%5F08102026141943%5FCoveringLetterSD.pdf) with OPaL (50:25:25). - **TVS Srichakra** [received ₹34.44 crore](https://nsearchives.nseindia.com/corporate/TVSSRICHAK%5F08102026113453%5FReg30Intimationfordisinvestment08102026.pdf) as its entire 7.58% stake in TASL Automobile was cancelled under an NCLT-sanctioned capital reduction. - **Jubilant Pharmova**: its radiopharma arm [will invest CAD 94.5 million](https://nsearchives.nseindia.com/corporate/JUBLPHARMA%5F08102026213231%5FFinalFile08102026.pdf) to double RUBY-FILL capacity in Québec, with CAD 23.8 million of Canadian government support. - **Fredun Pharmaceuticals** [bought 26% of Goodman Vetcare](https://www.bseindia.com/xml-data/corpfiling/AttachLive/97a85886-3e28-45aa-9742-2b489c2be971.pdf), a Mumbai pet-pharmacy chain, at a ₹300 crore valuation, and the Furlicks pet-wellness brand from USV. - **Jaykay Enterprises** [will lend up to ₹100 crore](https://nsearchives.nseindia.com/corporate/JAYKAY%5F08102026212727%5FSE%5Fintimation%5Fsd.pdf) to its subsidiary JK Defence & Aerospace. ## Big holders - **Clean Max Enviro**: Augment India I Holdings [sold 7.25%](https://nsearchives.nseindia.com/corporate/Disclosure1%5F10082026111828%5F53812.zip) on the market on 28 September, leaving 2.25%. - **Electrosteel Castings**: Belgrave Investment Fund [sold 4.68%](https://nsearchives.nseindia.com/corporate/Disclosure8%5F10082026111524%5F53821.zip), leaving 0.79%. - **Swiggy**: SBI Mutual Fund [crossed 5%](https://nsearchives.nseindia.com/corporate/SWIGGY%5F10082026122056%5F53862.zip), to 5.13%. - **Baba Arts**: the promoter [sold 62.29% off-market](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6A4E0A2B%5F8E11%5F492E%5FBE2C%5F7845F7AF4008%5F091615.pdf) to Skybridge Interactive under a February share purchase agreement, a change of control. - **Rolex Rings**: ICICI Prudential Mutual Fund [sold 10 lakh shares](https://www.bseindia.com/xml-data/corpfiling/AttachLive/057CD5E8%5FBBAC%5F4CCF%5F9039%5F39B1B595289C%5F092708.pdf), cutting its stake to 5.23%. - **Chalet Hotels and Shoppers Stop**: the exchanges [did not allow four Raheja entities](https://nsearchives.nseindia.com/corporate/CHALET%5F08102026184658%5FReg31AReclassificationRejection08102026.pdf) to move from promoter group to public, because their majority owner, Mindspace REIT, is controlled by the same promoters ([Shoppers Stop's filing](https://nsearchives.nseindia.com/corporate/SHOPERSTOP%5F08102026182041%5FSEIntimationReclassification.pdf)). ## Orders - **NCC** [won a ₹1,286 crore road contract](https://nsearchives.nseindia.com/corporate/NCC%5F08102026171912%5FReg%5F30.pdf) (excluding GST) from Hyderabad Growth Corridor. - **KEC International** [won ₹1,030 crore of orders](https://nsearchives.nseindia.com/corporate/KEC%5F08102026205717%5FPressRelease.pdf); year-to-date intake is over ₹8,600 crore. - **Pace Digitek** [won a battery-storage project](https://nsearchives.nseindia.com/corporate/PACE%5F08102026184742%5FIntimation-%5FPress%5FRelease%5FBRPL.pdf) from BSES Rajdhani: 57.5 MW / 115 MWh, about ₹179.4 crore of capital, ₹27.1 crore a year of contracted capacity revenue for 12 years. ## Courts, tax and incidents - **IIFL Capital**: BSE [levied a ₹51.26 lakh penalty](https://nsearchives.nseindia.com/corporate/IIFLSEC%5F08102026155624%5FIntimationsigned.pdf) over client trades it construed as "Abnormal / Non- genuine reversal trades"; the company says it will be recovered from those clients. - **Pitti Engineering**: Maharashtra GST officials [began an inspection or search](https://nsearchives.nseindia.com/corporate/PITTIENG%5F08102026161023%5FIntimationunderReg30.pdf) at its plant on 8 October. - **OCCL**: India's trade regulator [opened a countervailing-duty investigation](https://nsearchives.nseindia.com/corporate/OCCLLTD%5F08102026113211%5FCVDIntimationsigned.pdf) into insoluble sulphur imports from China, on its application. - **BGR Energy**: the NCLAT [let its board raise capital](https://nsearchives.nseindia.com/corporate/BGRENERGY%5F08102026170909%5FBGREnergyNCLATorderIntimation.pdf) under a restructuring agreement signed on 5 October with its main financial creditor. - **Dr Lal PathLabs**: the tax department [appealed to the ITAT](https://nsearchives.nseindia.com/corporate/LALPATHLAB%5F08102026130353%5FIncomeTax08102026.pdf) against relief on ₹32.66 crore of ESOP-expense disallowances. - **Tata Consumer Products** [won an ITAT ruling](https://nsearchives.nseindia.com/corporate/Sukhvinder%5F08102026140942%5FSE%5FIntimation%5FIncome%5Ftaxorder%5FFY%5F201920.pdf) on tax depreciation on intangibles. - **KEI Industries**: a GST appeal [cut a demand](https://nsearchives.nseindia.com/corporate/KEI%5F08102026161829%5FIntimation%5Fsigned.pdf) to ₹2.23 crore plus an equal penalty. - **Duroply Industries**: the Calcutta High Court [set aside a ₹58.28 crore income-tax assessment](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dace99be-596a-47e5-856a-2ca1a3af131f.pdf) for AY 2018-19 and sent it back to the assessing officer. - **Wisec Global** [told BSE it cannot file](https://www.bseindia.com/xml-data/corpfiling/AttachLive/28f31d98-ab3b-4762-b5a1-64812ccc5aad.pdf) some quarterly compliances on time because of a dispute with its share registrar, which has not supplied the data. - **A-One Steels** [had a fire](https://nsearchives.nseindia.com/corporate/AONESTEELS%5F08102026122150%5FSE%5FIntimation%5Fsigned.pdf) at a ferro-alloy furnace in Ballari; it says the damage is insured. ## Ratings - **MTNL**: Brickwork [upgraded its ₹6,500 crore guaranteed bonds](https://nsearchives.nseindia.com/corporate/MTNL%5F08102026115653%5FSD%5FSE%5FR%5F08102026.pdf) to AAA (CE)/Stable. - **Gujarat Ambuja Exports**: CARE [revised the outlook](https://nsearchives.nseindia.com/corporate/GAEL%5F08102026174027%5FCredit%5FRating.pdf) on its AA- rating to Positive. - **Krishana Phoschem** and **Madhya Bharat Agro**: Crisil [took both off watch](https://nsearchives.nseindia.com/corporate/KRISHANA%5F08102026174900%5FNSECREDITRATING08102026.pdf) and reaffirmed A+/Stable ([Madhya Bharat](https://nsearchives.nseindia.com/corporate/MBAPL%5F08102026151854%5FCredit%5FRating.pdf)). ## People - **GMR Airports**: Groupe ADP, its co-promoter, [withdrew Alexis Riols's nomination](https://nsearchives.nseindia.com/corporate/GMRINFRA%5F08102026231343%5FSTX%5FIntimation%5Fof%5FResignation%5Fof%5FDirector%5FMr%5FAlexis.pdf) as Deputy CEO and executive director; he stays a non-executive director. ADP has named a replacement. - **Cummins India** [appointed Adegbile Adedapo Adewunmi](https://nsearchives.nseindia.com/corporate/CUMMINSIND%5F08102026182130%5FSEintimationBM08102026.pdf) managing director from 1 November, for three years. - **Travel Food Services**: whole-time director and CFO Vikas Kapoor [resigned](https://nsearchives.nseindia.com/corporate/TRAVELFOOD%5F08102026172402%5FTFSResignationofCFOandWTD08102026.pdf). - **Tilaknagar Industries**: CFO Rajesh Choudhary [resigned with immediate effect](https://nsearchives.nseindia.com/corporate/gthakur%5F08102026205723%5FOutcomeofNRC%5FOct%5F2026.pdf); the deputy CFO oversees finance meanwhile. - **Rentomojo** [proposed Price Waterhouse](https://nsearchives.nseindia.com/corporate/RENTMOJO%5F08102026173147%5FOutcomeof%5FBMRM.pdf) as statutory auditor for five years. --- > Educational research, not investment advice. Every item above is drawn from the company's own filing on NSE or BSE, read from the primary document; derived figures are our arithmetic and are labelled. No buy/sell recommendations, no price targets, no share prices. Moat & Margin is not a SEBI-registered Research Analyst or Investment Adviser.