Daily Filing Digest — Saturday, 10 Oct 2026

DMart reported Q2: sales up 18.4% to ₹19,206 crore, profit up 7.6% to ₹804 crore, with borrowings rising as it adds stores faster. CRISIL kept Jain Irrigation on a negative outlook because ₹449 crore falls due in March against expected cash accrual of ₹200–220 crore. Oswal Pumps' subsidiary will build a 1.2 GW solar cell plant, partly with unused IPO money. And a debt-listed company, Western Capital Advisors, disclosed ₹18.96 crore of unauthorised transfers from its bank accounts.

The ones to read first

• Avenue Supermarts (DMart) reported Q2 FY27, standalone:

• Stores two years and older grew 9.5%, against 6.8% a year ago. It added 15 stores, to 518.
• Current borrowings were ₹2,628.66 crore on 30 September, against ₹965.27 crore on 31 March.
• Consolidated profit after tax was ₹743 crore on revenue of ₹19,644 crore.

Full read: DMart Q2: Sales Up 18%, Profit Up 7.6%. Where the Margin Went.

• Jain Irrigation: CRISIL reaffirmed BBB-/Negative on ₹2,705.91 crore of bank facilities and ₹566.99 crore of debentures, and withdrew the rating on ₹218.64 crore of debentures that were redeemed.
  • About ₹449 crore of debentures and foreign loans falls due in March 2027. CRISIL expects cash accrual of ₹200–220 crore, which "will not suffice".
  • The company has a signed term sheet to refinance up to ₹800 crore. CRISIL names closing it by the end of December 2026 as a key rating factor.
• Oswal Pumps' subsidiary will set up a 1.2 GW solar cell plant at Karnal, Haryana, for about ₹456 crore: about ₹296 crore of debt and ₹159.85 crore from unused IPO proceeds. Production is expected by April 2028, all for its own modules.
  • Redirecting the IPO money needs shareholder approval.
• Western Capital Advisors (debt-listed) disclosed a suspected cyber fraud: unauthorised IMPS transfers of about ₹18.96 crore from five of its accounts with ICICI Bank. It has reported the incident to the RBI and CERT-In, filed a cyber-crime complaint and asked its bankers to recall the money and freeze the beneficiary account.

Q2 updates

• Signature Global reported Q2 pre-sales of ₹18.3 billion, against ₹20.2 billion a year ago. Collections were ₹10.1 billion, up 51% on the June quarter. Net debt was ₹4.5 billion, against ₹2.0 billion at the end of FY26. It added 194.22 acres in Farrukhnagar, Gurugram.

Deals and capital

• Authum Investment paid its ₹350 crore commitment under the resolution plan for Wind World (India). Separately, its ₹100 crore deposit with Vibhav Energy, an implementation entity of the consortium's lead member Inox Neo Energies, was converted on 9 October into 25% of that company.
• ADF Foods' US subsidiary conditionally agreed to accept US$1.75 million plus interest towards court judgments of about US$2.31 million against Ascot Valley Foods: US$450,000 received on 9 October, the rest in monthly instalments over up to 52 months. The judgments are satisfied only on full payment. The injunction protecting its recipes stays in force.

Orders

• KEC International won ₹1,014 crore of orders in its India transmission business, including its first order for a 765 kV line to carry power from a pumped storage plant. Orders this year are over ₹9,600 crore.
• Viviana Power Tech was awarded contracts of ₹466.74 crore, taxes included, by Madhya Gujarat Vij Company to convert 11 kV overhead lines. It says the value was already in its disclosure of being lowest bidder. Its board put off a decision on issuing warrants to 15 October.
• Saatvik Green Energy received an order from Maharashtra's power distributor for 5,000 solar water pumps, about ₹100 crore before GST.
• Sarda Energy & Minerals' subsidiary was declared preferred bidder for the Avagudem manganese block in Vizianagaram, Andhra Pradesh, with estimated reserves of 0.70 million tonnes.

Regulators and incidents

• Milky Mist Dairy Food said it has received no specific notice, order or communication from FSSAI or Tamil Nadu's food safety department directing an inquiry into its paneer, after media and social media reports of an alleged FSSAI communication.
• Shilpa Medicare's Unit 4 at Jadcherla received GMP certification from AGES, Austria, after a July inspection.

Ratings

• HP Adhesives: CARE took its BBB rating off negative watch and assigned a Stable outlook, on ₹37.96 crore of bank facilities.

People

• Kesoram Industries: CFO Samir Kumar Ray resigned for personal reasons and leaves on 2 January 2027. The company is looking for a successor.
• Deepak Builders & Engineers: CFO Parveen Kumari resigned, effective 10 October, for personal reasons. Her letter is dated 30 September.
• Yaap Digital (SME): chairman and managing director Laxmiraj Seetharam Nayak resigned with effect from 9 October, citing personal reasons and other pre-occupations.
• Crop Life Science (SME): two independent directors, Harendra Mukeshbhai Sevak and Devang Bhikhubhai Parekh, ceased to be directors with effect from 10 October. The board also deferred a planned subsidiary in Sharjah.

Educational research, not investment advice. Every item above is drawn from the company's own filing on NSE, read from the primary document; unit conversions are ours. No buy/sell recommendations, no price targets, no share prices. Moat & Margin is not a SEBI-registered Research Analyst or Investment Adviser.