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Globus Spirits Approves Q2 & H1 FY26 Unaudited Financial Results
Globus Spirits Limited's Board of Directors met on November 12, 2025, to approve the company's financial results. The meeting, which lasted approximately two hours and twenty minutes, resulted in the approval of both standalone and consolidated unaudited results for the quarter and half-year ended September 30, 2025. The filing includes the Limited Review Report from the statutory auditors as required by SEBI regulations. This announcement is a standard regulatory requirement following the conclusion of the board's deliberations on financial performance.
Key Highlights
Board meeting held on November 12, 2025, from 11:00 AM to 1:20 PM
Approval of Un-audited Standalone and Consolidated Financial Results for Q2 and H1 FY26
Submission includes the Limited Review Report for the period ended September 30, 2025
The filing is a formal notification to the National Stock Exchange and BSE Limited
💼 Action for Investors
Investors should analyze the specific profit and loss figures in the detailed results to evaluate the company's operational efficiency. Focus on the performance of the consumer business versus the manufacturing segment.
SBI Extends Tenure of Managing Director Ashwini Kumar Tewari Until December 2027
The Government of India has officially re-appointed Shri Ashwini Kumar Tewari as the Managing Director of State Bank of India. His current term was scheduled to conclude on January 27, 2026. The new extension ensures his leadership continues until his superannuation on December 31, 2027, or until further orders. This move provides significant leadership continuity for India's largest public sector lender during a critical period of credit growth.
Key Highlights
Shri Ashwini Kumar Tewari re-appointed as Managing Director of State Bank of India
Extension granted beyond the current term ending January 27, 2026
New tenure valid until superannuation date of December 31, 2027
Notification issued by the Department of Financial Services, Ministry of Finance
💼 Action for Investors
Investors should welcome this continuity in top management as it ensures stability in the bank's strategic direction. No immediate portfolio changes are necessary based on this administrative update.
Spandana Sphoorty Allots ₹85 Cr NCDs and Approves Further Fundraise of Up to ₹425 Cr
Spandana Sphoorty Financial Limited has successfully allotted 8,500 Non-Convertible Debentures (NCDs) worth ₹85 crore on a private placement basis. Additionally, the company's Management Committee has approved the issuance of three new tranches of NCDs totaling up to ₹425 crore, including green shoe options. These new instruments carry coupon rates between 11.00% and 11.50% per annum with tenures ranging from 27 to 30 months. This capital raise is aimed at strengthening the company's liquidity and supporting its micro-lending operations.
Key Highlights
Allotted 8,500 NCDs with a face value of ₹1,00,000 each, totaling ₹85 crore.
Approved three new NCD tranches with a combined maximum value of ₹425 crore including green shoe options.
Coupon rates for the new tranches are fixed at 11.00% (monthly) and 11.50% (quarterly).
The instruments are senior, secured, and rated, with tenures of 27 and 30 months.
Allotment for the new tranches is scheduled for December 23, 2025, with maturities in 2028.
💼 Action for Investors
The successful fundraise indicates healthy lender confidence in the company's credit profile. Investors should monitor how effectively the company deploys this capital to grow its loan book while maintaining margins against the 11-11.5% borrowing cost.
MobiKwik Appoints Former SEBI ED Radhakrishna Nair to Board; Navdeep Singh Suri Named Chairperson
One Mobikwik Systems Limited has announced a significant strengthening of its board governance by appointing Mr. Radhakrishna Nair as an Independent Director for a five-year term. Mr. Nair brings over 40 years of experience, including senior regulatory roles as Executive Director at SEBI and Member at IRDAI. Additionally, the company has appointed Independent Director Mr. Navdeep Singh Suri as the Chairperson of the Board, replacing co-founder Ms. Upasana Rupkrishan Taku. These moves indicate a strategic shift toward professionalizing board leadership and enhancing regulatory oversight.
Key Highlights
Mr. Radhakrishna Nair appointed as Additional Director (Independent) for a 5-year term until December 16, 2030.
Mr. Navdeep Singh Suri, an Independent Director, replaces co-founder Ms. Upasana Rupkrishan Taku as Board Chairperson.
Mr. Nair possesses over 40 years of experience in banking and served as Executive Director at SEBI and Member at IRDAI.
The Board has approved a Postal Ballot to seek shareholder approval for the new Independent Director appointment.
💼 Action for Investors
Investors should view the addition of a former SEBI and IRDAI official as a positive step for a fintech company navigating complex regulatory landscapes. The transition to an Independent Chairperson further strengthens corporate governance standards.
Spandana Sphoorty Allots ₹85 Cr NCDs and Approves Further Issuance of up to ₹425 Cr
Spandana Sphoorty Financial Limited has successfully allotted ₹85 crore worth of Non-Convertible Debentures (NCDs) on a private placement basis. Additionally, the Management Committee has approved the issuance of three new tranches of NCDs totaling up to ₹425 crore, including green shoe options. These NCDs carry coupon rates between 11.00% and 11.50% per annum with tenures ranging from 27 to 30 months. This move is aimed at strengthening the company's capital base and supporting its lending operations in the microfinance sector.
Key Highlights
Allotted 8,500 NCDs aggregating to ₹85 crore at a face value of ₹1,00,000 each
Approved Tranche I and III for ₹150 crore and ₹200 crore respectively at 11.50% p.a. interest
Approved Tranche II for ₹75 crore at 11.00% p.a. interest with monthly payments
Total potential fundraise approved across three new tranches amounts to ₹425 crore
Instruments are senior, secured, and redeemable, with tenures between 27 and 30 months
💼 Action for Investors
The successful fundraise indicates active liquidity management and growth preparation; investors should monitor the company's ability to maintain margins against these borrowing costs of 11-11.5%.
Himadri Speciality Submits FY25 Sustainability Report; Targets Net Zero by 2050
Himadri Speciality Chemical Limited (HSCL) has released its Sustainability Report for FY 2024-25, outlining a roadmap to achieve Net Zero emissions by 2050. The company reported a 65% revenue growth between FY22 and FY25, supported by a 48% increase in volumes. HSCL is aggressively expanding into the EV ecosystem with a ₹4,800 crore Li-ion battery materials project and a ₹220 crore speciality carbon black expansion. The company maintains a strong financial profile with a market capitalization of ₹20,934 crore and an ICRA AA- (Positive) credit rating.
Key Highlights
Committing to Net Zero carbon emissions by 2050 aligned with Science Based Targets initiative (SBTi).
Investing ₹4,800 crore in a 2,00,000 MTPA Li-ion Battery Materials project to be developed over 5-6 years.
Revenue grew 65% and volumes increased 48% between FY21-22 and FY24-25.
Achieved 'Platinum Medal' from EcoVadis, ranking in the top 1% of 150,000 companies globally.
Expanding Speciality Carbon Black capacity to 2,50,000 MTPA by Q3 FY25-26 with a ₹220 crore investment.
💼 Action for Investors
Investors should focus on the timely execution of the ₹4,800 crore Li-ion battery materials project, which is a significant strategic pivot. The company's top-tier ESG ratings and positive credit outlook make it a strong candidate for sustainability-focused portfolios.
NCC Appoints Industry Veteran Sumit Banerjee as Independent Director for 5-Year Term
NCC Limited has appointed Sri Sumit Banerjee as an Additional Non-Executive Independent Director for a five-year term effective January 1, 2026. Mr. Banerjee brings over 40 years of leadership experience from top-tier companies including L&T, ACC, Reliance, and Hindalco. He is an IIT Kharagpur alumnus with executive education from Harvard and IIM Ahmedabad. This appointment is expected to strengthen the board's governance and strategic oversight, subject to shareholder approval.
Key Highlights
Appointment of Sri Sumit Banerjee as Independent Director for a 5-year term starting Jan 1, 2026
Over 40 years of management experience at major firms like L&T, ACC, Reliance, and Hindalco
Educational background includes IIT Kharagpur, Harvard Business School, and IIM Ahmedabad
Recipient of the Corporate Citizen of the Year award at the CNBC-TV18 Indian Business Leader Awards 2009
💼 Action for Investors
Investors should view this as a positive step towards strengthening corporate governance and board-level expertise. No immediate action is required as this is a routine but high-quality board appointment.
JSW Energy Subsidiaries Assigned 'IND A/Stable' Credit Rating for Bank Facilities
JSW Energy's step-down subsidiaries, O2 Renewable Energy XI, XVI, and XVII Private Limited, have been assigned 'IND A/Stable' credit ratings by India Ratings and Research (Ind-Ra). These ratings apply to the long-term bank facilities of the respective entities, indicating a stable credit profile. The assignment of investment-grade ratings to these project vehicles supports the company's capital-raising capabilities for its renewable energy portfolio. This development reflects the financial health of the company's expanding green energy assets.
Key Highlights
India Ratings assigned 'IND A/Stable' rating to three O2 Renewable Energy step-down subsidiaries.
The rating applies to the long-term bank facilities of the XI, XVI, and XVII project entities.
The assignment was communicated via an Ind-Ra release dated December 16, 2025.
Stable outlook reflects the creditworthiness and financial stability of these specific project vehicles.
💼 Action for Investors
Investors should view this as a positive validation of the credit quality of JSW Energy's renewable project pipeline. No immediate action is required, but it reinforces the company's ability to manage project-level debt effectively.
Lupin Receives Positive CHMP Opinion for Biosimilar Ranibizumab in Europe
Lupin has received a positive recommendation from the EMA's CHMP for its biosimilar ranibizumab, Ranluspec, for treating various retinal diseases. The recommendation is based on a successful 600-patient global phase III clinical trial demonstrating similarity to the reference product. Once the European Commission grants final approval, the product will be commercialized by Sandoz Group AG across most of the EU. This milestone marks a significant expansion of Lupin's biologics portfolio into the European market.
Key Highlights
Received positive CHMP opinion for biosimilar ranibizumab (Ranluspec) for vial and pre-filled syringe.
Clinical similarity confirmed through a 600-patient global phase III trial across US, EU, Russia, and India.
Partnership with Sandoz Group AG for commercialization in the EU (excluding Germany).
Indications include wet AMD, diabetic macular edema, and retinal vein occlusion.
💼 Action for Investors
This is a significant regulatory win that paves the way for entry into the lucrative European biologics market. Investors should monitor the final EC approval and the subsequent commercial rollout by Sandoz for revenue impact.
KPI Green Energy to Raise ₹475 Crore via Preferential Warrant Issue to Promoter Group
KPI Green Energy's board has approved the issuance of 1.01 crore convertible warrants to Quyosh Energia Private Limited, a promoter group entity. The warrants are priced at ₹470.30 each, aiming to raise a total of ₹475 crore to bolster the company's capital base. This infusion involves a 25% upfront payment with the remaining 75% due upon conversion within 18 months. The move demonstrates strong promoter confidence and provides significant liquidity for the company's renewable energy projects.
Key Highlights
Issuance of 1,01,00,000 fully convertible warrants at a price of ₹470.30 per warrant
Total capital to be raised aggregates to approximately ₹475.00 crore
Warrants issued to Quyosh Energia Private Limited, an entity belonging to the promoter group
Post-conversion, the investor's stake will rise to 4.87% from a negligible current holding
Warrant tenure is 18 months with 25% of the issue price payable at the time of allotment
💼 Action for Investors
This is a positive signal as promoters are infusing capital at a fixed price, showing long-term commitment. Investors should monitor the upcoming Extra-Ordinary General Meeting on January 16, 2026, for final shareholder approval.
NTPC Commissions 78 MW Solar Capacity at Nokh Project; Group Capacity Hits 85,259 MW
NTPC Limited has declared the commercial operation of a 78 MW solar capacity at Plot-1 of its Nokh Solar PV Project in Rajasthan, effective December 18, 2025. This marks the completion of the 245 MW capacity for this specific plot under the CPSU Scheme Phase-II. Following this addition, NTPC's standalone installed capacity has reached 60,783 MW. On a group basis, the total commercial capacity has increased to 85,259 MW, reflecting the company's steady progress in its renewable energy transition.
Key Highlights
Commissioned 78 MW solar capacity at Nokh Solar PV Project, Rajasthan, effective Dec 18, 2025
Completion of the 245 MW capacity at Plot-1 of the larger 3x245 MW project
Standalone installed and commercial capacity increased to 60,783 MW
Total group-level commercial capacity reaches a milestone of 85,259 MW
💼 Action for Investors
Investors should view this as a positive development in NTPC's aggressive renewable energy expansion strategy. The consistent capacity additions in the green energy segment are likely to support long-term valuation rerating.
Auri Grow Receives LoI for 24% Stake Sale at ₹2/Share; Board to Meet Dec 26
Auri Grow India Limited has received a non-binding Letter of Intent from Luminary Crown Limited for a strategic 24% equity stake acquisition at ₹2 per share. The proposal includes a ₹55 crore capital infusion for a hydroponics and aeroponics project with an estimated annual revenue potential of ₹180–200 crores. Luminary also plans to support the company's expansion into rice exports for GCC and European markets. The Board of Directors is scheduled to evaluate this proposal on December 26, 2025.
Key Highlights
Luminary Crown Limited proposes to acquire up to 24% equity stake at an indicative price of ₹2 per share
Proposed ₹55 crore capital outlay for hydroponics and aeroponics projects to be funded by the investor
New projects estimated to generate annual revenue of ₹180–200 crores with ~13% net margins
Strategic focus on rice aggregation and exports to GCC and European markets
Board meeting scheduled for December 26, 2025, to evaluate the non-binding proposal
💼 Action for Investors
Investors should monitor the outcome of the December 26 board meeting for formal approval and definitive agreements. While the revenue projections are significant, the non-binding nature of the LoI suggests a cautious approach until the deal is finalized.
KPI Green Energy to Raise ₹475 Crore via Preferential Issue of Warrants to Promoter Group
KPI Green Energy's board has approved the issuance of 1.01 crore fully convertible equity warrants to Quyosh Energia Private Limited, a promoter group entity. The warrants are priced at ₹470.30 each, representing a total fundraise of approximately ₹475 crore. This capital infusion involves an upfront payment of 25%, with the remaining 75% payable within 18 months upon conversion into equity shares. The move signifies strong promoter confidence and provides the company with significant growth capital for its renewable energy projects.
Key Highlights
Issuance of 1,01,00,000 fully convertible warrants at an issue price of ₹470.30 per warrant.
Total capital to be raised aggregates to approximately ₹475.00 crore.
The warrants are being issued to a promoter group entity, Quyosh Energia Private Limited.
25% of the total price is payable at allotment, with the balance 75% due upon conversion within 18 months.
Post-conversion, the promoter group entity will hold a 4.87% stake in the company.
💼 Action for Investors
Investors should view this promoter-led capital infusion as a strong signal of internal confidence in the company's growth trajectory. Monitor the upcoming EGM on January 16, 2026, for shareholder approval of the proposal.
Eros Media FY25 Results: Auditor Issues Qualified Opinion; Net Worth Fully Eroded
Eros International Media reported its FY25 results with a net loss before tax of ₹ 674 Lakhs, resulting in the complete erosion of its net worth. Statutory auditors issued a qualified opinion, highlighting ₹ 25,884 Lakhs in overdue receivables from group entities and ₹ 1,01,628 Lakhs in content advances under SEBI investigation. The company is also facing scrutiny from the Enforcement Directorate under FEMA and has a material uncertainty regarding its ability to continue as a going concern. Current liabilities exceed current assets, making the company's survival dependent on asset monetization and debt recovery.
Key Highlights
Auditors issued a qualified opinion due to ₹ 25,884 Lakhs provision for overdue receivables from group entities in the UK, USA, and UAE.
Content advances totaling ₹ 1,01,628 Lakhs are subject to ongoing SEBI investigation and scrutiny.
The company's net worth is entirely eroded, and current liabilities exceed current assets as of March 31, 2025.
Enforcement Directorate (ED) conducted search operations in February 2025 regarding potential FEMA violations.
Reported a net loss before tax of ₹ 674 Lakhs for the financial year ended March 31, 2025.
💼 Action for Investors
Investors should exercise extreme caution as the company faces severe liquidity crises, total net worth erosion, and multiple regulatory investigations. The 'Going Concern' warning indicates a high risk of business failure and potential total loss of capital.
Apollo Tyres to Seek Shareholder Approval for ₹1,000 Crore Fundraise via NCDs
Apollo Tyres Limited has issued a postal ballot notice to seek shareholder approval for raising up to ₹10,000 million (₹1,000 crore) through the private placement of Non-Convertible Debentures (NCDs). The fundraising is proposed to be carried out in one or more tranches over a one-year period from the date of the resolution. Additionally, the company is seeking the appointment of Mr. Rajendra Chitale and Mr. Tapan Mitra as Independent Directors for three-year terms starting February 2026. Shareholders can cast their votes via remote e-voting between December 18, 2025, and January 16, 2026.
Key Highlights
Proposed issuance of Unsecured/Secured NCDs up to a total limit of ₹10,000 million (₹1,000 crore).
Fundraising to be conducted via private placement in one or more tranches within a 12-month window.
Appointment of two Independent Directors, Rajendra Chitale and Tapan Mitra, for a 3-year term effective Feb 9, 2026.
E-voting period for shareholders is set from December 18, 2025, to January 16, 2026.
The resolutions are classified as Special Business requiring a 75% majority for approval.
💼 Action for Investors
Investors should monitor the final terms of the NCD issuance and the company's subsequent debt-to-equity levels. Existing shareholders are encouraged to participate in the e-voting process to voice their stance on the capital raise and board appointments.
Sai Silks (Kalamandir) Launches 78th Store Under Valli Silks Format in Vizianagaram
Sai Silks (Kalamandir) Limited has announced the opening of its 78th retail outlet on December 17, 2025. The new store is located in Vizianagaram, Andhra Pradesh, and operates under the company's 'Valli Silks' brand format. This expansion is part of the company's strategic plan to deepen its market penetration in South India. The addition of new stores is a key driver for revenue growth and market share in the ethnic wear segment.
Key Highlights
Successful launch of the 78th store in the company's retail network
New outlet established under the 'Valli Silks' brand format
Strategic expansion into Vizianagaram, Andhra Pradesh, to capture regional demand
The store launch was officially completed on December 17, 2025
💼 Action for Investors
Investors should monitor the company's store-level profitability and the pace of its retail footprint expansion as indicators of long-term growth. The steady addition of stores under various formats like Valli Silks is a positive sign of execution.
Diamond Power Infrastructure Bags Rs 55.54 Crore Order from Bondada Engineering
Diamond Power Infrastructure Limited has received a Letter of Intent (LoI) from Bondada Engineering Limited for the supply of power cables. The contract is valued at Rs 55.54 Crores (excluding GST) and is scheduled for execution between January 2026 and July 2026. The order is based on a 'Kms rate basis' with a Price Variation (PV) formula, which helps protect margins against raw material price fluctuations. This domestic contract strengthens the company's order book and provides revenue visibility for the 2026 fiscal period.
Key Highlights
Total order value of Rs 55.54 Crores exclusive of GST
Contract awarded by Bondada Engineering Limited for the supply of power cables
Execution period defined from January 1, 2026, to July 31, 2026
Pricing includes a Price Variation (PV) formula to mitigate commodity price risks
Domestic order with no related party or promoter interest involved
💼 Action for Investors
Investors should view this as a positive addition to the company's revenue pipeline; however, monitor the execution efficiency and the impact of the Price Variation clause on final margins.
Sumit Woods Resolves NSE Query, Submits Q2 FY26 Review Reports; Net Profit at ₹55.36 Lakhs
Sumit Woods Limited has addressed a regulatory query from the NSE regarding the initial omission of Limited Review Reports for the quarter ended September 30, 2025. The company clarified that the signed reports were inadvertently left out during the initial filing due to an administrative error and has now submitted the revised results with an unmodified auditor's opinion. Financially, the standalone revenue for Q2 FY26 saw a sharp decline to ₹1,091.89 Lakhs from ₹2,461.68 Lakhs YoY. Consequently, net profit for the quarter dropped significantly to ₹55.36 Lakhs compared to ₹301.86 Lakhs in the previous year's corresponding quarter.
Key Highlights
Standalone Q2 FY26 revenue decreased 55.6% year-on-year to ₹1,091.89 Lakhs.
Net profit for the quarter fell 81.6% year-on-year to ₹55.36 Lakhs from ₹301.86 Lakhs.
H1 FY26 revenue showed a 32.2% growth year-on-year, reaching ₹5,235.01 Lakhs.
The company clarified the missing reports were due to an administrative oversight during the board meeting rush.
Statutory auditors issued an unmodified opinion on the standalone financial results for the period.
💼 Action for Investors
While the resolution of the regulatory compliance issue is a positive step, investors should remain cautious due to the significant year-on-year decline in quarterly profitability. Monitor the company's project completion schedules as real estate revenue recognition can be volatile between quarters.
Vineet Laboratories Receives BSE and NSE Approval for Rs 30 Crore Rights Issue
Vineet Laboratories Limited has secured in-principle approvals from both the National Stock Exchange (NSE) and BSE Limited to undertake a Rights Issue of fully paid-up equity shares. The company plans to raise up to Rs 30 Crores through this issue, offering shares with a face value of Rs 10 each. A board meeting is scheduled for December 17, 2025, to finalize the issue price, entitlement ratio, and record date. This capital infusion is expected to strengthen the company's balance sheet, though it will result in equity dilution for existing shareholders who do not participate.
Key Highlights
Received in-principle approval from NSE on December 02, 2025, and BSE on December 16, 2025.
The proposed Rights Issue aims to aggregate up to a total of Rs 30 Crores.
Board meeting scheduled for December 17, 2025, to determine the issue price, entitlement ratio, and record date.
The issue involves fully paid-up equity shares with a face value of Rs 10 each.
💼 Action for Investors
Existing shareholders should wait for the announcement of the issue price and entitlement ratio to assess the discount offered compared to the market price. Investors should decide whether to subscribe to avoid dilution or sell their rights entitlements if the company allows renunciation.
Solara Appoints Mohanraj S as Whole-Time Director for 3-Year Term
Solara Active Pharma Sciences has announced the appointment of Mr. Mohanraj S as an Additional Executive Director and Whole-Time Director, effective January 1, 2026. The appointment is for a three-year tenure and is subject to shareholder approval via postal ballot. Mr. Mohanraj brings over 30 years of extensive experience in industrial relations and workforce governance, having held senior roles at Mylan Laboratories and Tata Advanced Materials. His expertise in managing complex labor environments and regulatory compliance is expected to support the company's manufacturing operations.
Key Highlights
Appointment of Mr. Mohanraj S as Whole-Time Director for a fixed term of 3 years starting January 2026.
The appointee possesses over 30 years of experience across Pharma, Biotech, and Defence sectors.
Expertise includes negotiating 7-8 long-term union settlements, primarily in the pharmaceutical industry.
Mr. Mohanraj S is not related to any existing Directors or Key Managerial Personnel of the company.
💼 Action for Investors
This is a strategic management appointment aimed at strengthening industrial relations and operational compliance. Investors should view this as a routine governance update with no immediate impact on stock valuation.