> ## 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 — Wednesday, 14 Oct 2026 - URL: https://www.moatmarginresearch.com/daily-filing-digest-2026-10-14/ - Published: 2026-10-15T02:57:07.000Z - Updated: 2026-10-15T03:18:38.000Z - Description: 14 Oct 2026: Fairfax unit approved as buyer of 60.72% of IDBI Bank, RBI step next; Jio Platforms sets IPO price band; CEAT margin falls. - Author: A K Karthikeyan - Tags: Daily Filing Digest **The Cabinet Committee on Economic Affairs approved a unit of Fairfax Financial Holdings as the buyer of 60.72% of IDBI Bank from the government and LIC, for ₹52,878 crore; the buyer must still present its credentials to the RBI. Jio Platforms, a Reliance subsidiary, filed its red herring prospectus and set a price band of ₹1,065 to ₹1,119 a share for up to 27 crore new shares, with the issue open from 21 to 23 October. CEAT's revenue rose 26% but its profit fell to ₹112 crore from ₹186 crore, and its gross margin shrank to 34.6% from 40.9%. ICICI Lombard reported profit growth of 27.5% on its own "n" basis; on the basis the insurance regulator requires, the quarter's growth is 15.5% and the half year's profit is down 13.9%.5% and the half year's profit is down 13.9%. And BHEL more than doubled its quarterly profit, to ₹810 crore, with an order book of ₹2,57,571 crore.** ## The ones to read first - **IDBI Bank** [forwarded a Ministry of Finance release](https://nsearchives.nseindia.com/corporate/MANESHJ%5F14102026204555%5FSE%5FPressRelease%5F14102026.pdf) stating that the Cabinet Committee on Economic Affairs on 14 October approved 10955230 Canada Inc., whose parent is Fairfax Financial Holdings, as the strategic buyer of 60.72% of the bank for ₹52,878 crore. The government sells 30.48% and LIC 30.24%. They keep 15% and 19%. - The buyer must now present its credentials to the RBI, under the "fit and proper" assessment done at the first stage, when parties expressed interest, and submit a plan to meet the regulator's conditions. - Five parties expressed interest, four qualified and two bid. The release says a first round of bids in 2025-26 fell short of the reserve price and was not approved, and best offers were invited in 2026-27. - Two independent valuers, not named, valued the bank on market multiples of public sector banks and on net asset value, both on 31 March 2026 accounts. The release says the winning bid was higher than the benchmark set from their average and higher than each valuer's estimate. - **Reliance Industries**: its subsidiary Jio Platforms [filed its red herring prospectus](https://nsearchives.nseindia.com/corporate/kavinavora%5F14102026183404%5FRIL%5FSE14102026.pdf) (the offer document that carries the price band) on 14 October for an initial public offer of up to 27 crore new shares, and [set the price band](https://nsearchives.nseindia.com/corporate/kavinavora%5F14102026201111%5FRIL%5FSE%5F14102026%5F.pdf) at ₹1,065 to ₹1,119 a share. At the top of the band the issue would raise up to about ₹30,213 crore (our arithmetic). It is a fresh issue of new shares by Jio Platforms; the filings do not say how the money will be used. - Up to ₹500 crore is reserved for employees, who get ₹54 a share off, and up to ₹2,500 crore for Reliance's public shareholders who are individuals or Hindu undivided families and held shares on 14 October. - Anchor investors bid on 19 October. The issue is open from 21 to 23 October, with bids in lots of 12 shares. - **CEAT** [reported Q2 FY27](https://nsearchives.nseindia.com/corporate/CEATLTD%5F14102026182218%5FCEATBMOutcomeOct142026signed.pdf), consolidated, from its [investor presentation](https://nsearchives.nseindia.com/corporate/CEATLTD%5F14102026192056%5FCEATInvestorPresentationQ2FY27signed.pdf): | | Q2 FY26 | Q2 FY27 | | --------------------------------------------- | ------------ | --------------------- | | Revenue from operations | ₹3,773 crore | ₹4,762 crore (+26.2%) | | Gross margin | 40.9% | 34.6% | | EBITDA (operating profit before depreciation) | ₹511 crore | ₹452 crore | | EBITDA margin | 13.5% | 9.5% | | Profit after tax | ₹186 crore | ₹112 crore | - The presentation says the fall in margin came mainly from raw-material costs, and that the basket of raw materials cost a high single digit more than in the June quarter. Price increases in every segment lifted realisations. Against the June quarter, the EBITDA margin rose from 8.6%. - The CFO said the West Asia conflict kept commodity costs high and expects the pressure to continue into the December quarter. The managing director said the company plans further price increases in the second half. - Capital spending in the quarter was about ₹493 crore. Debt rose to ₹3,846 crore, 0.77 times equity against 0.65 times at the end of June. In the six months to September, standalone sales were 50% replacement, 30% to vehicle makers and 20% exports. - Standalone revenue was ₹4,548 crore and profit ₹164 crore. The auditor's review conclusion is not modified. CEAT filed the same results document 11 times on NSE. - **ICICI Lombard General Insurance** [reported its September quarter](https://nsearchives.nseindia.com/corporate/ICICIGI%5F14102026192138%5FPress%5FRelease%5Fand%5FInvestor%5FPresentation.pdf). The press release reports profit of ₹1,031 crore against ₹809 crore, up 27.5%, on what the company calls the "n" basis. The [audited results](https://nsearchives.nseindia.com/corporate/ICICIGI%5F14102026191950%5FFinal%5FBM%5FOutcomne.pdf) follow the "1/n" basis that IRDAI, the insurance regulator, requires for long-term products, which the company applies from 1 October 2024 (premium on a policy of more than one year is spread over the years of cover). The filing gives both: - Quarter: profit after tax of ₹946.40 crore against ₹819.54 crore, up 15.5%, on the 1/n basis. On the n basis it is up 27.5%. - Half year: ₹1,349.57 crore against ₹1,566.62 crore, down 13.9%, on the 1/n basis. On the n basis, ₹1,454 crore against ₹1,543 crore, down 5.8%. - Combined ratio (claims and expenses as a share of premium; above 100% means the insurance business itself lost money before investment income): 107.0% against 105.1% on the 1/n basis, and 104.5% against 103.9% on the n basis. Catastrophe losses were ₹118 crore against ₹73 crore. - Investment income was ₹1,554 crore against ₹1,249 crore, including capital gains of ₹453 crore against ₹236 crore. - On the 1/n basis, gross direct premium rose 3.0% to ₹6,792 crore, against 7.0% for the industry. Leaving out crop and mass health insurance, it grew 13.9% against 13.2%. - Interim dividend: ₹7 a share against ₹6.50, record date 23 October. The joint auditors' opinion on the audited results is not modified. Full read: [ICICI Lombard Lost ₹318 Crore on Insurance and Still Earned ₹946 Crore. Here Is How](https://www.moatmarginresearch.com/icici-lombard-underwriting-loss-float-profit/) - **Bharat Heavy Electricals (BHEL)** [reported](https://nsearchives.nseindia.com/corporate/BHEL%5F14102026151739%5FQ227suppl.pdf) standalone revenue of ₹9,300 crore against ₹7,512 crore and profit after tax of ₹810 crore against ₹368 crore. The EBITDA margin was 13.4% against 9.9%. Half-year profit was ₹1,192 crore against a loss of ₹87 crore. The auditors' [review conclusion](https://nsearchives.nseindia.com/corporate/BHEL%5F14102026133809%5FBHELRESULTS.pdf) is not modified. - The order book was ₹2,57,571 crore at 30 September against ₹2,19,641 crore. Orders won in the half year came to about ₹30,000 crore, of which about ₹4,000 crore in the September quarter. Outside thermal power, the largest parts are transportation (about ₹16,400 crore), transmission (about ₹13,600 crore) and nuclear (about ₹12,800 crore). - Customer collections were ₹13,179 crore against ₹9,910 crore, and trade receivables fell to 94 days from 120. - It added 2,260 MW of power capacity in the half year against a target of 4,790 MW for the year. - The board also [approved about ₹500 crore](https://nsearchives.nseindia.com/corporate/BHEL%5F14102026134818%5FcapexmergerSE26.pdf) for added facilities to make thermal and nuclear sets at Haridwar, and merged its Mumbai repair plant for electrical machines into the Bengaluru electronics division from 1 November. ## Q2 results - **Mangalore Refinery and Petrochemicals (MRPL)** [reported](https://nsearchives.nseindia.com/corporate/MRPL%5F14102026203802%5FResultsSD.pdf) standalone revenue of ₹35,590.40 crore against ₹25,953.04 crore and profit after tax of ₹1,880.89 crore against ₹638.67 crore. The [press release](https://nsearchives.nseindia.com/content/debt/WDM/MRPL%5F14102026205830%5FPress%5FreleaseSD.pdf) puts EBITDA at ₹3,210 crore against ₹1,565 crore; throughput (crude and other feed processed) was 4.18 million tonnes against 4.43 million. Interim dividend: ₹3 a share, record date 21 October. - A fire on 30 September at the coker hydrotreater unit cost a provisionally estimated ₹118.76 crore, shown as an exceptional item. The note says the assets are adequately insured. The auditors draw attention to the fire (an emphasis of matter, which is not a qualification); their conclusion is not modified. - The company has opted for the lower tax rate under section 200 of the Income Tax Act, 2025 from 2026-27\. The results note puts its effective tax rate at 25.168%, against 34.944% earlier, and says it may carry forward its accumulated MAT credit (minimum alternate tax paid in earlier years) subject to conditions. - The half year's exceptional items include ₹471.76 crore of income, booked in the June quarter, from revised prices on products supplied earlier. - The press release also says Fitch gave MRPL its first international credit rating, BBB- with a stable outlook, level with India's sovereign rating. The results were also [filed for debenture holders](https://nsearchives.nseindia.com/content/debt/WDM/MRPL%5F14102026205238%5FResultsSD.pdf). - **Canara Bank** [reported](https://nsearchives.nseindia.com/corporate/CANBK%5F14102026120739%5FLettertoSE14102026fs.pdf) standalone net profit of ₹5,174.76 crore against ₹4,773.96 crore. Gross bad loans fell to 1.33% of advances from 2.35%, and net bad loans to 0.30% from 0.54%. Capital adequacy was 17.19%. The [presentation](https://nsearchives.nseindia.com/corporate/CANBK%5F14102026121259%5FLettertoSE14102026IPsD.pdf) puts net interest income at ₹11,005 crore, up 20.39%, and annualised credit cost at 0.47%. - **HDB Financial Services** [reported](https://nsearchives.nseindia.com/corporate/HDBF%5F14102026160230%5FOutcome%5Fof%5FBM.pdf) revenue from operations of ₹5,005 crore against ₹4,545 crore and profit of ₹780 crore against ₹581 crore. Gross Stage 3 loans (those classed as bad) were 2.43% against 2.81%. The [press release](https://nsearchives.nseindia.com/corporate/HDBF%5F14102026163038%5FIntimation%5Fof%5FPress%5FRelease%5Fsd.pdf) puts assets under management at ₹1,24,638 crore, up 11.6%, and the [presentation](https://nsearchives.nseindia.com/corporate/HDBF%5F14102026162735%5FIntimation%5Fof%5FInvestor%5FPresentation%5Fsd.pdf) the net interest margin at 8.23% against 7.95%. Interim dividend ₹2 a share, record date 23 October. The review conclusion is unmodified. - **Billionbrains Garage Ventures (Groww)** [reported](https://nsearchives.nseindia.com/corporate/BILLIONBRAINS%5F14102026124408%5Foutcomefinalsigned.pdf) consolidated revenue of ₹1,501.53 crore against ₹1,018.74 crore a year ago and ₹1,501.42 crore in the June quarter. Profit after tax was ₹724.70 crore against ₹471.34 crore. The board approved moving certain promoter-group members to the public category, subject to the approvals SEBI's listing rules require; the company is applying to the exchanges. - **Emmvee Photovoltaic Power** [reported](https://nsearchives.nseindia.com/corporate/EMMVEE%5F14102026185931%5FOutcome%5Fof%5FBM%5F3092026.pdf) consolidated revenue of ₹1,576.4 crore against ₹1,131 crore and profit after tax of ₹382.0 crore against ₹237.9 crore. The EBITDA margin held at 35% while the gross margin fell to 42% from 47%. The order book was 10.4 GW, with about 1.5 GW of new orders in the quarter. Its 6 GW module line is due by December 2026 and the cell line by March 2027; it puts a proposed ingot and wafer project at ₹5,000 crore to ₹5,500 crore. The review conclusion is unmodified. - **Tata Technologies** [reported](https://nsearchives.nseindia.com/corporate/TTLNSE%5F14102026163011%5FInvestorcallpresentationQ2.pdf) revenue of ₹1,698.8 crore, up 28.4%, or 25.1% without acquisitions. The EBITDA margin was 16.1%. Net income was ₹171.4 crore against ₹165.5 crore (converted from ₹ million). It won a US$138 million full vehicle programme from a European luxury carmaker. - **Elecon Engineering** [reported](https://nsearchives.nseindia.com/corporate/ELECON2%5F14102026131835%5FOutcomeBM14102026.pdf) consolidated revenue of ₹639 crore, up 10.5%, and profit after tax of ₹96 crore. The EBITDA margin rose 1.4 points to 23.1%. The gear division's operating margin widened to 22.1%; material handling's narrowed to 20.2%. The [press release](https://nsearchives.nseindia.com/corporate/ELECON2%5F14102026135709%5FPressRelease14102026.pdf) says ICRA moved its long-term outlook to positive and kept the rating at AA. Interim dividend Re 0.50 a share, record date 21 October. The review conclusion is unmodified. - **Leela Palaces Hotels & Resorts** [reported](https://nsearchives.nseindia.com/corporate/THELEELA%5F14102026144443%5FBM%5FOutcome.pdf) consolidated revenue of ₹411.87 crore against ₹310.65 crore and profit after tax of ₹94.59 crore against ₹74.72 crore (converted from the ₹ million figures filed). The [press release](https://nsearchives.nseindia.com/corporate/THELEELA%5F14102026145700%5FPress%5FRelease.pdf) puts the average room rate at ₹25,046, up 30%, and revenue per available room at ₹17,225, also up 30%, for its owned hotels in India, including Coorg. The review conclusion is not modified. - **Bajaj Consumer Care** [reported](https://nsearchives.nseindia.com/corporate/BAJAJCON%5F14102026175829%5F20261014%5FExchanges%5FOutcome%5Fof%5FBoard%5FMeeting.pdf) consolidated revenue of ₹332.83 crore against ₹265.27 crore and profit of ₹70.15 crore against ₹42.29 crore, restated for its merger with Vishal Personal Care, effective 1 May 2026\. The [presentation](https://nsearchives.nseindia.com/corporate/BAJAJCON%5F14102026180224%5F20261014%5FExchanges%5FInvestor%5FPresentation.pdf) puts EBITDA at ₹83.3 crore, 25.0% of sales, up 71.0%; it puts the margin a year ago at 18.6%. The gross margin was 59.9%. It says domestic sales grew on double-digit unit volumes, and that with coconut prices falling, its coconut range grew much faster in volume than in value. The review report is unmodified. - **Hathway Cable and Datacom** [reported](https://nsearchives.nseindia.com/corporate/PRIYAB%5F14102026200039%5FHCDL%5FResultsutcome%5Ffinal.pdf) consolidated revenue of ₹567.51 crore against ₹536.67 crore and profit of ₹10.16 crore against ₹18.25 crore. Pay channel cost (fees paid to broadcasters) rose to ₹335.91 crore from ₹280.03 crore. The review conclusion is not modified. Our 13 October article looked at the same cost at [Den and GTPL](https://www.moatmarginresearch.com/cable-subscription-channel-cost-den-gtpl/). - **Godrej Seeds & Genetics** (debt-listed) [sold 0.50% of Godrej Consumer Products](https://nsearchives.nseindia.com/content/debt/WDM/GODREJSEEDS%5F14102026171639%5FNSEBMOUTCOME14102026.pdf) on the market on 24 September for ₹449.34 crore, booking a profit of ₹441.79 crore in other income. It still holds 27.21%. Its standalone quarterly other income was ₹596.99 crore against ₹156.36 crore, and revenue from operations ₹495.53 crore against ₹481.84 crore. The review conclusion is unmodified. - **ICICI Securities** (debt-listed) [reported](https://nsearchives.nseindia.com/content/debt/WDM/ISEC%5FDEBT%5F14102026131115%5FOutcomeofBoardMeetingOctober142026.pdf) consolidated revenue of ₹1,663.33 crore against ₹1,422.46 crore and profit of ₹438.86 crore against ₹424.98 crore (converted from the ₹ million figures filed). On 23 September it agreed to transfer its portfolio management business to ICICI Prudential Asset Management. It applied to SEBI for approval on 29 September; the deal needs the approvals of the regulatory and statutory authorities. - **HDFC Securities** (debt-listed) [reported](https://nsearchives.nseindia.com/content/debt/WDM/HDFC1%5F14102026182453%5FNSE%5FFinancials%5FSept%5F2026.pdf) standalone revenue of ₹964.61 crore against ₹701.16 crore and profit after tax of ₹265.44 crore against ₹210.55 crore. Standalone debt was 4.71 times equity against 3.39 times. - **Aditya Birla Money** [reported](https://nsearchives.nseindia.com/corporate/BIRLAMONEY%5F14102026190931%5FFinancials%5Fpdf%5F30092026%5F-%5FSigned.pdf) revenue of ₹137.69 crore against ₹106.51 crore and profit after tax of ₹10.89 crore against ₹10.15 crore. Debt was 7.34 times equity. - **Landmark Cars** [gave a provisional update](https://nsearchives.nseindia.com/corporate/LANDMARK%5F14102026135115%5FLCL%5FBusiness%5FUpdate%5F2027%5FQ2FD.pdf): consolidated proforma revenue for the September quarter of ₹1,943 crore against ₹1,657 crore. The figure includes the value of Mercedes-Benz cars sold under an agency model, on which it earns a commission, and is subject to the auditors' review. It says floods in Gujarat hurt sales, and it has partnered OLX India on used cars. - **Poonawalla Fincorp**, whose profit we reported on 9 October, filed its [call transcript](https://nsearchives.nseindia.com/corporate/POONAWALLA%5F14102026172627%5F7PFLIntimationofearningscallTranscriptQ2FY27.pdf). Against the June quarter, net interest margin with fees rose to 9.26% from 9.10%, credit cost fell to 2.19% from 2.41%, and gross bad loans to 1.2% from 1.37%. - **Kanohar Electricals** filed the [transcript of its June-quarter call](https://nsearchives.nseindia.com/corporate/KANOHARNSE2026%5F14102026140957%5FStock%5FExchange%5Fsubmission-transcript.pdf), held on 7 October. Revenue was ₹137.1 crore, up 103.5%, and profit after tax ₹27.3 crore, up 140%. The EBITDA margin was 28.3%. Transformers of 400 kV were 70.16% of revenue. The order book was ₹2,026 crore at 30 June. - **Sonaselection India** [reported its June quarter](https://nsearchives.nseindia.com/corporate/SONASELECTION%5F14102026175355%5FOutcome%5Fof%5F%5FBoard%5FMeeting%5F-%5F14-10-2026.pdf): standalone revenue of ₹145.75 crore against ₹104.24 crore and profit of ₹9.65 crore against ₹4.80 crore. The auditor draws attention (an emphasis of matter, not a qualification) to longer assumed lives for some plant and its solar plant, 25 years instead of 15, which raised profit after tax by ₹1.22 crore. - **Accent Microcell** (NSE Emerge) [reported its half year](https://nsearchives.nseindia.com/corporate/ACCENT%5F14102026110004%5FUnaudited%5FFinancial%5FStatment.pdf): revenue of ₹17,483.09 lakh against ₹13,936.70 lakh and profit of ₹3,111.60 lakh against ₹1,806.82 lakh. The review conclusion is unmodified. - **Indian Phosphate** (NSE Emerge) [gave a business update](https://nsearchives.nseindia.com/corporate/IPHL%5F14102026175613%5FIndian%5FPhosphate%5FLtd%5F-%5FQ2%5FFY27%5FBusiness%5FUpdate%5FF%5F%5F1%5F.pdf): standalone revenue of ₹42,525.25 lakh against ₹21,876.23 lakh, on management's estimates. No profit is given. - **Hero Motors**, whose June-quarter results we reported on 13 October, filed a [presentation](https://nsearchives.nseindia.com/corporate/PROJECTOMA%5F14102026192140%5FIntimation%5FInvestor%5FPresentation.pdf) with margins: a consolidated EBITDA margin of 12.17% against 10.20%, and 16.11% against 10.96% standalone. - **SS Retail**, whose standalone June-quarter results we reported on 13 October, gave [consolidated figures](https://nsearchives.nseindia.com/corporate/SSRETAIL%5F14102026085716%5Fmediarelease141012026v1.pdf): revenue of ₹789.7 crore (₹7,897 million), up 59%, and an EBITDA margin of 5.8%, down 0.31 points. It says consolidating Olineo and Nexora added 0.79 points of costs. It runs 536 stores. ## Deals and capital - **Biocon** [settled all pending patent disputes](https://nsearchives.nseindia.com/corporate/BIOCON%5F14102026082951%5FSEIntimation.pdf) with Genentech over Pebrilzo, its biosimilar (a near-copy of a biological medicine) of the breast cancer drug Perjeta. It may launch in the EU and UK in January to March 2027, in the US in July to September 2028, and elsewhere between 2026 and 2028\. Other terms are confidential. - **Brooks Laboratories**' board [approved a demerger](https://nsearchives.nseindia.com/corporate/BROOKS%5F14102026175501%5F00%5FOutcome%5Fof%5FBM.pdf) of its manufacturing business, 96.66% of its turnover (₹8,287.26 lakh last year), into its wholly owned subsidiary Abridge Speciality. Shareholders would get one Abridge share for each Brooks share. Abridge would take the Brooks name, and the old company would become Xuri Lifesciences. - **Bliss GVS Pharma** [said](https://nsearchives.nseindia.com/corporate/BLISSGVS%5F14102026184622%5FDisclosure%5FReg%5F30%5FLODR%5F%5FNewPromoterGroup.pdf) Anupam Rasayan India and Mates Visa Consultancy took control and became its promoters on 28 September, after a share purchase agreement of 23 May and an open offer. The earlier promoters are now classed as public shareholders. - **Kore Digital** (NSE Emerge) [said](https://nsearchives.nseindia.com/corporate/KOREDIGITAL%5F14102026205751%5FIntimation%5Fof%5FDisposal%5Fof%5Fsubsidiary%5FKDL.pdf) that on 28 September it handed back its 98% stakes in three subsidiaries, Franken Telecom, Wolter Infratech and KDL Realinfra, to the people it bought them from, at ₹10 a share, the price it paid. The three made 28.60%, 22.22% and 33.82% of its consolidated turnover in 2025-26, about 84.64% together (our arithmetic), and 11.36%, 16.28% and 10.97% of its net worth. The consideration was ₹49,000, ₹49,000 and ₹98,000\. The filing states the buyers are not promoters, the transfers are not related-party transactions, and they do not amount to selling the whole or substantially the whole of the company's undertaking. The filing is a scanned document, dated 30 September and filed on 14 October; we read it through a text-recognition copy and report only figures printed clearly. - **AXISCADES Technologies**' board [approved in principle](https://nsearchives.nseindia.com/corporate/AXISCADES%5F14102026230046%5FReg30AcquisitionITSJ%5F14102026.pdf) a purchase by its US step-down subsidiary XIDA of substantially all the business assets of ITSJ Group (no shares are bought, and ITSJ keeps its liabilities other than any specifically taken over), for up to US$7.0 million (about ₹67.02 crore): US$5.0 million guaranteed and up to US$2.0 million as an earn-out (paid only if targets are met). ITSJ's revenue was US$3.47 million in 2025\. Separately, it [completed the purchase](https://nsearchives.nseindia.com/corporate/AXISCADES%5F14102026233511%5FUpdatesonAcquisition%5F14102026.pdf) of all of Ulosia Holding AG of Switzerland on 14 October; that filing gives no price. - **Bajaj Healthcare**: the tribunal in Mumbai [approved its purchase](https://nsearchives.nseindia.com/corporate/BAJAJHCARE%5F14102026161906%5FReg%5F30%5FIntimation%5Ffor%5FNCLT%5FFinal%5FOrder%5FFinal.pdf) of Genrx Pharmaceuticals, which is in liquidation, as a going concern, by an order of 13 October. Genrx becomes a wholly owned subsidiary once the order is carried out. No price is given. - **Shriram Finance** [denied a Mint report](https://nsearchives.nseindia.com/corporate/Mathew%5F14102026160157%5FBSENSERumourVerificationOctober142026.pdf) of 14 October that MUFG wants majority control of the company, calling it and similar reports speculation. - **Nitco** [registered the conveyance deed](https://nsearchives.nseindia.com/corporate/NITCO%5F14102026215443%5FUpdateonmonetizationofKanjurmargland.pdf) for 75% of its land at Kanjurmarg, Mumbai, in favour of a Runwal group company, against ₹143 crore already received. For the other 25%, only the agreement for sale is registered; the conveyance deed will follow when Nitco receives 1,00,000 sq ft of commercial space, plus 8,500 sq ft in the basement. It expects about ₹250 crore of revenue from selling that space. - **Univastu India**'s UK subsidiary [completed its purchase](https://nsearchives.nseindia.com/corporate/UNIVASTU%5F14102026213810%5FUnivastuaccquirecambiumfinal.pdf) of specified assets of Cambium Networks, which is in administration, relating to its ePMP fixed wireless and enterprise Wi-Fi and switching businesses, on 14 October. We reported the board's approval on 13 October. No price is given. - **Cemindia Projects** (formerly ITD Cementation India) [opened a share sale to institutions](https://nsearchives.nseindia.com/corporate/ITD%5F14102026190148%5FStock%5Fexchange%5FIssue%5Fopening%5FPPD%5Fand%5Ffloor%5Fprice%5Ffinal.pdf) on 14 October at a floor price of ₹1,158.58 a share, with a discount of up to 5% allowed. The size is not stated. The same day Crisil [assigned AA/Stable and A1+](https://nsearchives.nseindia.com/corporate/ITD%5F14102026200125%5FSTK%5Fltr%5FCreditrating%5FCrisil.pdf) to its bank facilities, without stating the amount. - **Lloyds Metals and Energy**'s board [approved up to ₹3,000 crore of debentures](https://nsearchives.nseindia.com/corporate/LLOYDSME%5F14102026160549%5F20261014%5FOutcome%5Fof%5FBoard%5FMeeting.pdf) and up to US$130 million of US dollar notes, with an option for US$50 million more. It dropped a proposed ₹600 crore debenture issue. Pricing and tenure are to be set later. - **Capri Global Capital**'s board [approved raising up to ₹4,000 crore](https://nsearchives.nseindia.com/corporate/CGCL%5F14102026192301%5FOutcome%5Fof%5FBoard%5FMeeting.pdf) in one or more tranches, by any of several routes from a rights issue to foreign borrowing, subject to regulatory and statutory approvals, including shareholders' approval where required. - **Cubex Tubings**' board [approved up to 50,00,000 warrants](https://nsearchives.nseindia.com/corporate/CUBEXTUB%5F14102026193047%5FCubex%5FOutcome%5FOCR.pdf) (rights to take shares later at a fixed price) at ₹150 each, up to ₹75 crore, for five investors. The promoter, Cubex Securities, would take 33,90,000 of them, lifting the promoter group's holding to 50.47% from 44.42% on full conversion. The money is for a vacuum melting furnace at a new plant. The issue needs shareholders' and exchange approval; the board also deferred the general meeting set for 28 October. - **Highway Infrastructure**'s board [approved up to 1,00,00,000 warrants](https://nsearchives.nseindia.com/corporate/HIGHWAY123%5F14102026203615%5FHIL%5FBMOutcome%5F14102026.pdf) at ₹49.82 each, up to ₹49.82 crore, for three members of the promoter group, subject to shareholders' approval. It also approved buying 51% of Indore Highway Real Estates for ₹38,98,695\. The filing names as sellers three relatives of directors, which it treats as a related-party transaction, and Rachna Agrawal, whom it says is not a related party. - **SMC Global Securities**' board [approved up to 1,00,00,000 warrants](https://nsearchives.nseindia.com/corporate/SMCGLOBAL%5F14102026183930%5FBoard%5FMeeting%5F-%5FOutcome.pdf) at ₹106 each, up to ₹106 crore, for three investors outside the promoter group. Shareholders vote on 6 November. - **Smartworks Coworking Spaces** [applied to the tribunal](https://nsearchives.nseindia.com/corporate/SMARTWORKS%5F14102026222701%5FIntimation%5F%5FNCLT%5Ffiling%5F14102026.pdf) to use about ₹385.62 crore of its securities premium (money received above face value on shares) to write off accumulated losses of the same amount. - **BGR Energy Systems** [disclosed](https://nsearchives.nseindia.com/corporate/BGRENERGY%5F14102026141430%5FBorrowingsdisclosureSep26.pdf) that all ₹3,764.77 crore of its loans from banks and financial institutions were in default at 30 September. Its total financial debt was ₹4,222.95 crore. On 8 October we reported that the appellate tribunal let its board raise capital under a restructuring agreement with its main lender. ## Orders - **Adani Power** [received a letter of award](https://nsearchives.nseindia.com/corporate/ADANIPOWER%5F14102026105706%5FAPLLoAfromUttarakhand13102026.pdf) from Uttarakhand Power Corporation to supply 1,234 MW of thermal power (1,320 MW installed) for 25 years. The tariff needs the state regulator's approval. - **Ahluwalia Contracts (India)** [won a ₹310 crore order](https://nsearchives.nseindia.com/corporate/532811%5F14102026120504%5FRecentAwardofRs310CR.pdf), including GST, from Bennett University (The Times Group) for buildings on its Greater Noida campus, to be built in 22 months. - **RailTel Corporation of India** [received a State Bank of India order](https://nsearchives.nseindia.com/corporate/RAILTEL%5F14102026110115%5FRailtel%5FOrder%5FBook%5FCompany%5FRep%5F141026%5F%5F1%5F.pdf) of ₹1,97,17,77,622 before tax, about ₹197.18 crore, to keep running private network links across India from April 2026 to March 2031, at revised rates. - **Transrail Lighting** [won ₹408 crore of orders](https://nsearchives.nseindia.com/corporate/TRANSRAIL%5F14102026124222%5FTLLPressrelease14102026.pdf), mainly a gas-insulated substation project in the Middle East and North Africa. Orders this year total ₹2,429 crore. - **Enviro Infra Engineers**' step-down subsidiary (a subsidiary of a subsidiary) Suyog Urja [received a letter of intent](https://nsearchives.nseindia.com/corporate/ENVIRO%5F14102026170948%5FIntimation%5FArie%5FEnergy%5F228%5FCr.pdf) from Arie Energy worth ₹228 crore, before GST, to build a 100 MW wind project in Latur by 31 July 2027. - **Om Power Transmission** [received a letter of acceptance](https://nsearchives.nseindia.com/corporate/OMPOWER%5F14102026190033%5FV0%5FIntimation%5Freceipt%5Fof%5Forder.pdf) for a ₹101.56 crore turnkey contract, including GST, from Uttar Gujarat Vij Company to move the power lines at Ambaji underground, within 12 months after a 45-day start-up period. - **Navkar Corporation**, a listed subsidiary of JSW Infrastructure, [received a letter of acceptance](https://nsearchives.nseindia.com/corporate/NAVKARCORP%5F14102026110519%5FIntimationsignedfinal.pdf) from Southern Railway to build and run a cargo terminal at Kulipalaiyam, Tamil Nadu, worth about ₹48 crore, on railway land licensed for 35 years. [JSW Infrastructure](https://nsearchives.nseindia.com/corporate/JSWINFRA%5F14102026125601%5FSEIntimationGCT.pdf) filed the same news. - **PTC Industries**' subsidiary Aerolloy Technologies [received a development order](https://nsearchives.nseindia.com/corporate/PTCINDUSTRIES%5F14102026130801%5F20261014%5FPress%5FRelease%5FSafran.pdf) from Safran Aircraft Engines for machined titanium cast parts for the LEAP engine, its second set of Safran orders, and signed a memorandum on long-term supply after qualification. The value is not disclosed. ## Capacity and operations - **Aeroflex Industries**' board [approved expansions](https://nsearchives.nseindia.com/corporate/AEROFLEXINDIA%5F14102026112339%5Foutcomesigned.pdf) of about ₹202 crore, to be completed in phases by March 2028: stainless steel hose and braiding to 30 million metres a year from 20 million (₹124 crore), with a new plant to turn 70% to 75% of the hoses and braids into assemblies, and liquid cooling skid assemblies to 30,000 pieces a year from 15,000 (₹78 crore). Funding is to come from internal accruals, equity and a bridge loan. Its [press release](https://nsearchives.nseindia.com/corporate/AEROFLEXINDIA%5F14102026152609%5FPressReleasef.pdf) expects added revenue of ₹500 crore to ₹550 crore at peak use. Its parent, [Aeroflex Enterprises](https://nsearchives.nseindia.com/corporate/SATINDUSTRIES%5F14102026115311%5FUpdate%5Fon%5Fcapacity%5Fenhancements%5Fand%5Fexpansions%5Fof%5FAIL%5F%5Ffinal.pdf), filed the same board decision; it is one event. - **Hyundai Motor India** [inaugurated its Pune plant](https://nsearchives.nseindia.com/corporate/HMILNSE%5F14102026170456%5FPRPUNEPLANT14102026.pdf) at Talegaon, with capacity of 170,000 vehicles a year rising in phases to 320,000 by 2030\. It says it will invest up to ₹11,000 crore there. - **Hindustan Oil Exploration Company** [took over the Hollong gas processing plant](https://nsearchives.nseindia.com/corporate/HINDOILEXPCS%5F14102026124858%5FReg30.pdf) in Assam's Dirok field from Expro North Sea on 14 October, for itself and partners Oil India and Indian Oil. It says the takeover lets the joint venture expand the plant's capacity to handle higher volumes from three new wells approved for drilling. No price is given. - **Kronox Lab Sciences**' board [approved buying a plant](https://nsearchives.nseindia.com/corporate/KRONOX%5F14102026170229%5FOUTCOME%5FOF%5FBM%5F14102026.pdf) of about 5,000 sq m in the Dahej special economic zone from Axiom Chemicals, paid from internal accruals. It expects to complete within a month, subject to approvals, including the SEZ authority's, and definitive agreements. The price is not stated. ## Regulators and incidents - **Polycab India**: the appellate tribunal (NCLAT) [granted an early hearing](https://nsearchives.nseindia.com/corporate/POLYCAB%5F14102026112211%5FSEintimation14102026.pdf) in the Asier Metals insolvency appeal. It is now listed for 15 October instead of 26 October. This updates our 7 and 9 October entries: the tribunal admitted the case on 7 October, and the appellate tribunal stayed that order on 9 October. - **Shalby**: the filing states that the Chief Medical and Health Officer of Jabalpur [suspended the registration](https://nsearchives.nseindia.com/corporate/SHALBYLTD%5F14102026184049%5F59suspensionoflicense.pdf) of its Jabalpur hospital by an order of 12 October, pending reassessment and submission of fire and electrical safety inspection reports, and that the hospital cannot admit new patients meanwhile. The company says a minor fire broke out in a patient's room on 11 October, reportedly after a mobile phone blast; no injuries were reported, and all fire licences and safety measures were in place. It says the safety audits are under way and it expects the financial impact not to be material. - **Mphasis**: a rectification order [raised its income-tax demand](https://nsearchives.nseindia.com/corporate/MPHASIS%5F14102026181127%5FMphasis%5FSE%5FIntimation%5Fletter-signed.pdf) for assessment year 2023-24 to ₹2,417.80 crore from ₹2,286.86 crore, by adding interest. It plans to seek a correction and does not expect a material impact. - **City Union Bank**: a fresh GST order for 2021-22, passed after a Madras High Court direction, [cut the demand](https://nsearchives.nseindia.com/corporate/CUB%5F14102026195108%5FCUB%5FStatus%5Fof%5FTax%5FDispute%5F14102026.pdf) to ₹208.91 crore from ₹337.79 crore. The bank will seek legal remedies. - **Morepen Laboratories**: the Himachal Pradesh High Court [quashed a GST show cause notice](https://nsearchives.nseindia.com/corporate/MOREPENLAB%5F14102026182108%5FSEIntimation141026.pdf) seeking about ₹117.94 crore as excess refund, with interest and penalty. - **Bharat Coking Coal**: the filing states the Supreme Court [dismissed its petition](https://nsearchives.nseindia.com/corporate/BCCL%5F14102026164107%5Flitigation%5Fannouncement%5Fsigned.pdf) on 8 October in a contract dispute with AT-Libra BPL (JV), leaving in place a decree to pay ₹46.20 crore with interest at 10.5% a year. It has been advised to file a review petition. - **Regaal Resources** [received a further notice](https://nsearchives.nseindia.com/corporate/REGAAL%5F14102026184440%5FDisclosure%5Funder%5FPara%5FB%5Fof%5FReg%5F30.pdf) from Bihar's industries department on state GST reimbursements, taking the amount sought to ₹16,56,03,225 for April 2019 to December 2024, with interest at 18% a year. It is examining the notice. - **Dr. Reddy's Laboratories** received a [Form 483 with three observations](https://nsearchives.nseindia.com/corporate/DRREDDY%5F14102026201614%5FSE%5Fintimation%5F14102026%5Fsigned.pdf) (a list of inspectors' findings) after a US FDA pre-approval inspection of its FTO-9 plant in Visakhapatnam on 8 and 9 October. - **Neuland Laboratories**: the US FDA [closed its inspection](https://nsearchives.nseindia.com/corporate/NEULANDLAB%5F14102026214251%5FSignedSEIntimation14102026.pdf) of Unit 3 at Sangareddy, held in August, with an establishment inspection report. - **Gangotri Textiles**: the tribunal in Chennai [admitted the company's own insolvency petition](https://nsearchives.nseindia.com/corporate/GANGOTRI%5F14102026122723%5FCOCHANGENSE.pdf) by an order the filing dates 7-8-2026, and appointed G. Gunasekaran as interim resolution professional. The board's powers are suspended from the date of the order. The filing is dated 14 October. - **Siti Networks** [filed the tribunal's order](https://nsearchives.nseindia.com/corporate/SITINET%5F14102026182927%5FCIRP%5FUpdate.pdf) appointing Trupalkumar Patel as its resolution professional, which we reported on 13 October. The order records the company's submission that the insolvency regulator cancelled the earlier professional's registration by an order of 6 August, effective 6 September, and that lenders chose Mr Patel on 16 September with 72% of the vote. - **A-One Steels India**: proceedings brought against it by Shri Khatu Shyam Ispat Udyog LLP before the tribunal in Bengaluru [were settled](https://nsearchives.nseindia.com/corporate/AONESTEELS%5F14102026214008%5FSE%5FIntimation%5FSigned.pdf) between the parties on 14 October. Terms are not given; the tribunal's order is awaited. - **Bank of Baroda** [said](https://nsearchives.nseindia.com/corporate/BANKBARODA%5F14102026085918%5FSE141026.pdf) it has not been served with a suit that media report Bavaguthu Raghuram Shetty filed in the Bombay High Court on 13 October, and will defend it if served. - **Fujiyama Power Systems**: the filing states that the Chief Judicial Magistrate at Gautam Buddh Nagar, by an order of 13 October, [fined the company and its two joint managing directors](https://nsearchives.nseindia.com/corporate/UTLSOLAR2024%5F14102026153429%5FFPSL%5FIntimation%5FBIS%5FPenalty%5FOrder.pdf) ₹3 lakh each, ₹9 lakh in all, for not complying with the Bureau of Indian Standards mark on certain products, as found in a Bureau search on 24 March. The penalties were paid on 14 October, the directors' by them personally. The company expects seized products worth ₹2.52 crore to be released and says there is no material impact. - **Park Medi World** [said](https://nsearchives.nseindia.com/corporate/PARKMEDIWORLD2025%5F14102026093005%5Fincometax.pdf) the income-tax department carried out a verification at some of the premises related to the company and some of its subsidiaries. It gives no locations or amounts and states there is no impact on operations. ## Ratings - **Piccadily Agro Industries**: Crisil [assigned A+/Stable and A1](https://nsearchives.nseindia.com/corporate/CSPICCADILY%5F14102026182320%5FAGRO%5FCREDIT141026.pdf) to ₹400 crore of bank facilities. The earlier rating, from Infomerics, was IVR A/Stable; the company calls the change an upgrade. Crisil notes revenue of ₹1,038 crore in 2025-26 and its Indri single malt whisky. - **Godrej Industries**: ICRA [assigned AA+ (Stable)](https://nsearchives.nseindia.com/corporate/Anupama%5F14102026194711%5FBSENSEICRARATING14102026FINAL.pdf) to up to ₹1,500 crore of proposed debentures and reaffirmed its other ratings. - **Jubilant Pharmova**: ICRA [assigned AA+ (Stable)](https://nsearchives.nseindia.com/corporate/JUBLPHARMA%5F14102026163455%5FJubilant%5FPharmova%5FCredit%5FRating%5FNCD%5Fsigned.pdf) to a proposed ₹1,400 crore debenture programme. Its board approved up to ₹800 crore of debentures on 12 October, [as we reported](https://www.moatmarginresearch.com/daily-filing-digest-2026-10-12/); the rating filing does not say whether that issue falls within the rated programme. ## Governance - **Servotech Renewable Power System** [said Gagandeep Rajora and Vijay Kumar have been arrested](https://nsearchives.nseindia.com/corporate/SERVOTECH%5F14102026175945%5FNSE%5FNEW.pdf) in the suspected fraud it disclosed on 23 July, which it described as involving two employees and an external party. The filing states the estimated amount is unchanged at about ₹2.00 crore to ₹2.50 crore, that goods and cheques worth about ₹75.65 lakh have been recovered, and that it has appointed an independent forensic auditor. - **SecUR Credentials** [filed delayed results](https://nsearchives.nseindia.com/corporate/SECURCRED%5F14102026192035%5FBMOutcome14102026.pdf) for the quarters from June 2025 to June 2026 and for 2025-26\. Revenue for the year was ₹56.95 lakh and the loss ₹249.15 lakh. The auditor's opinion on 2025-26 is qualified. The basis includes a ₹116.12 lakh balance receivable from a director, for which it says evidence was lacking, and a ₹559.70 lakh advance for a property that has not been acquired. It also lists unbilled revenue, statutory dues and major expenses the auditor could not verify, no provision for expected credit losses on advances, and an interim SEBI order on certain transactions alleged to be fictitious, involving Varanium Cloud; a former director has challenged the order in the Bombay High Court. NSE has announced the compulsory delisting of the company from 16 October, as we reported on 9 October. - **Allcargo Terminals**' board [approved steps to ratify](https://nsearchives.nseindia.com/corporate/ALLCARGOTERMINALS%5F14102026191039%5FSE.pdf) material related-party transactions with Allcargo Logistics for 2024-25, which need shareholders' approval by postal ballot. No amounts are given. - **Indo Count Industries**: the Lhochhar Trust, through its trustee Orbis Consulting AG, [told the exchanges](https://nsearchives.nseindia.com/corporate/team%5Fsandeshc%5F14102026151406%5FDisclosure10.pdf) that it has indirectly gained the voting rights on promoter Sandridge Investments' 31.31% stake in the company, after the shares of Sandridge's holding company passed to it under a will on 12 October. The holding itself is unchanged. - **Viji Finance** [reported](https://nsearchives.nseindia.com/corporate/VIJIFIN%5F14102026200634%5FOutcome.pdf) half-year profit of ₹264.81 lakh against a loss of ₹42.69 lakh. Its statutory auditor, Dharmendra K. Agarwal & Co., resigned, and the board proposed DDS & Associates. The filing gives no reason for the resignation. ## People - **NIIT**: chief executive Pankaj Jathar [resigned](https://nsearchives.nseindia.com/corporate/NIITLTD%5FROID%5F100435%5FKMP%5FDoc.zip) "as he wishes to pursue other interests". Anish Kumar Sarkar, earlier chief executive of Mercer India, takes over from 14 October. - **Rite Zone Chemcon India** (NSE Emerge): chief executive Chandrakant Shah [resigned](https://nsearchives.nseindia.com/corporate/RITEZONE%5F14102026205244%5FReg%5F30%5FResg%5FCEO.pdf), citing other work. - **Yaap Digital** (NSE Emerge) [named Anjan Roy](https://nsearchives.nseindia.com/corporate/YAAPDIGITAL%5F14102026134127%5FBM%5FOutcome%5F14-10-2026.pdf) chairman, managing director and chief executive for three years, subject to shareholders' approval. We reported the resignation of his predecessor, Laxmiraj Seetharam Nayak, on 10 October. - **Trident**: Rahul Roongta [re-joined as group chief financial officer](https://nsearchives.nseindia.com/corporate/TRIDENT%5F14102026154741%5FIntimation%5FSTX.pdf) from 14 October. The filing does not say whom he replaces. ## Dates to note - **15 October**: NCLAT hearing in the Asier Metals appeal against Polycab. - **16 October**: compulsory delisting of SecUR Credentials takes effect, as announced by NSE. - **19 October**: anchor investors bid in the Jio Platforms issue. - **21 to 23 October**: the Jio Platforms issue is open. - **21 October**: record date for the interim dividends of MRPL (₹3) and Elecon (Re 0.50). - **23 October**: record date for the interim dividends of ICICI Lombard (₹7) and HDB Financial Services (₹2). - **1 November**: BHEL's Mumbai repair plant merges into its Bengaluru electronics division. - **6 November**: SMC Global's shareholders vote on its warrant issue. - **30 November**: AXISCADES expects the ITSJ asset purchase agreement to be signed by this date. - **January to March 2027**: Biocon's earliest licensed launch of Pebrilzo in the EU and UK; **July to September 2028** in the US. - **March 2028**: Aeroflex Industries' expansions due. ## What we're not reporting - The rest of NSE's day: earnings-call, board-meeting and trading-window notices, quarterly depository certificates, half-yearly debt statements, newspaper copies of results, ESG scores, stock options, routine changes of independent, nominee and non-executive directors and company secretaries, and repeat copies of the filings above. Small orders and investments, routine debenture issues and repayments, and ratings reaffirmed without change are also left out. The list, with a reason for each, is in our coverage notes. - IIFL Home Finance's half-year results and board outcome (debt-listed) could not be read: both are scanned images. - No BSE document was opened. BSE carried 660 filings we did not open, many from companies that also file on NSE and are covered above; 268 are quarterly depository certificates. By headline the rest include board-meeting notices and outcomes, small-company results, shareholding and pledge disclosures, open offers and changes in management. Among them: the letter of offer in South India Paper Mills' open offer, a public announcement of an open offer for Avishkar Infra Realty, a draft letter of offer for Mapro Industries, the independent directors' view on the open offer for Aar Shyam India Investment, Sharvaya Metals' approval to buy all of a company named Success through a share swap of about ₹30.24 crore along with a preferential issue and warrants, and Baron Infotech's update on a status-quo order from the appellate tribunal. --- > 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.