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Coforge Partners with Innovaccer to Launch G-Forge for Healthcare AI Transformation
Coforge has entered a strategic partnership with Innovaccer to accelerate AI adoption in the healthcare sector through a new initiative called G-Forge. As the preferred platinum implementation partner for Innovaccer’s Gravity AI platform, Coforge will establish a Healthcare AI Center of Excellence to develop industry-specific accelerators. This collaboration aims to improve clinical, financial, and administrative outcomes for healthcare providers and payers globally. The partnership leverages Coforge's global presence across 25 countries and 33 delivery centers to scale AI solutions.
Key Highlights
Launched G-Forge initiative to integrate siloed healthcare data and scale AI adoption across the enterprise.
Coforge designated as the preferred platinum implementation partner for Innovaccer’s Gravity AI platform.
Establishment of a dedicated Healthcare AI Center of Excellence to develop solutions for revenue cycle management.
Partnership targets healthcare providers, payers, and life sciences organizations across Coforge's 25-country network.
Joint initiative includes the creation of co-innovation labs to deliver measurable clinical and financial outcomes.
💼 Action for Investors
Investors should view this as a positive strategic move to strengthen Coforge's position in the high-growth healthcare AI vertical. Monitor for upcoming contract wins or revenue growth attributed to the G-Forge initiative in future quarterly reports.
IFGL Refractories Subsidiary Sheffield Refractories Appoints New Statutory Auditors
IFGL Refractories Limited has announced that its material UK-based subsidiary, Sheffield Refractories Ltd, has appointed Hebblethwaites as its new Statutory Auditors effective January 26, 2026. This appointment follows a previous disclosure made by the company on January 20, 2026. Hebblethwaites is an established firm based in Sheffield, UK, providing audit, tax, and advisory services. This move ensures the subsidiary remains compliant with the applicable laws and regulations of the United Kingdom.
Key Highlights
Material subsidiary Sheffield Refractories Ltd (UK) appointed Hebblethwaites as Statutory Auditors on January 26, 2026.
The appointment is in accordance with the applicable laws, rules, and regulations of the United Kingdom.
Hebblethwaites is a South Yorkshire-based firm specializing in audit, accounting, and business advisory.
This update follows a prior communication from the company dated January 20, 2026.
💼 Action for Investors
This is a routine administrative update regarding a subsidiary's compliance and requires no immediate action from investors. Continue to monitor consolidated financial performance.
Meesho Schedules Q3FY26 Earnings Conference Call for January 30, 2026
Meesho Limited has announced its Q3FY26 earnings conference call, which is scheduled for Friday, January 30, 2026, at 6:30 PM IST. This follows a board meeting on the same day where the company will approve its financial results for the quarter. The call will be conducted virtually, allowing analysts and institutional investors to discuss the company's performance. This is a standard regulatory disclosure under Regulation 30 of the SEBI Listing Regulations.
Key Highlights
Earnings conference call is set for January 30, 2026, at 06:30 p.m. IST.
The call will focus on the financial performance for the third quarter of FY26.
A board meeting to approve the results is also scheduled for the same day, January 30, 2026.
The event will be held in a virtual format with registration links provided on the investor relations website.
💼 Action for Investors
Investors should mark January 30 on their calendars to review the Q3 results and listen to management's commentary on growth and margins. This will be a key event to gauge Meesho's performance in the competitive e-commerce landscape.
Maharashtra Seamless to Hold Q3 FY26 Earnings Call on January 29, 2026
Maharashtra Seamless Limited has scheduled its Q3 FY26 earnings conference call for January 29, 2026, at 4:00 PM IST. The call, organized by ICICI Securities, will allow the management team to discuss the company's financial performance for the quarter ended December 31, 2025. This is a routine regulatory filing under SEBI (LODR) Regulations, 2015, providing a platform for institutional investors and analysts to interact with the company. Investors can access the call through a pre-registration link or via universal dial-in numbers.
Key Highlights
Earnings call scheduled for January 29, 2026, at 16:00 hrs IST.
Organized by ICICI Securities Limited with participation from the management team.
Universal access numbers provided are +91 22 6280 1144 and +91 22 7115 8045.
International toll-free numbers available for USA (1 866 746 2133) and UK (0 808 101 1573).
Diamond Pass registration link provided for seamless entry into the conference call.
💼 Action for Investors
Investors should attend or review the transcript of the call to understand management's outlook on the seamless pipe industry and order book status. No immediate action is required as this is a procedural announcement ahead of the financial results.
Snowman Logistics Reports 100% Dematerialized Share Capital for Q3 FY26
Snowman Logistics has filed its Reconciliation of Share Capital Audit Report for the quarter ended December 31, 2025. The report confirms that the total issued and listed capital remains stable at 16,70,87,995 equity shares. A significant highlight is that 100% of the company's shares are now held in dematerialized form, with zero physical shares remaining. The audit, conducted by a practicing company secretary, found no discrepancies in share capital or pending demat requests beyond 21 days.
Key Highlights
Total issued and listed capital remains unchanged at 16,70,87,995 equity shares of Rs. 10 each.
100% of the share capital is dematerialized, with 72.08% (12.04 crore shares) in CDSL and 27.91% (4.66 crore shares) in NSDL.
Zero shares are held in physical form as of December 31, 2025.
No changes in share capital occurred during the quarter through rights, bonus, or ESOPs.
There are no pending dematerialization requests beyond the statutory 21-day period.
💼 Action for Investors
This is a routine regulatory filing that confirms the company's compliance and the integrity of its share capital records. No action is required from investors as there are no changes to the capital structure.
Punjab & Sind Bank Reports Potential Strike by UFBU on January 27, 2026
Punjab & Sind Bank has been notified by the United Forum of Bank Unions (U.F.B.U.) regarding a nationwide strike scheduled for January 27, 2026. The strike is centered on various union demands and may lead to significant disruptions in branch and office operations. While the bank is implementing measures to maintain services, the materialization of the strike could impact daily transaction processing. Such events are relatively common in the PSU banking sector and typically result in short-term operational hurdles rather than long-term financial damage.
Key Highlights
Strike notice served by United Forum of Bank Unions (U.F.B.U.) for January 27, 2026
Potential for widespread disruption of branch and office functioning across India
Bank is taking necessary steps to ensure smooth functioning of operations during the period
Disclosure made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
💼 Action for Investors
Investors should monitor the situation for any extension of the strike beyond the single day. Short-term volatility may occur, but the primary focus should remain on the bank's asset quality and quarterly earnings.
Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Crores
Waaree Renewable Technologies Limited (WRTL) has signed a binding term sheet to acquire a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a power transmission and distribution infrastructure company that has shown explosive growth, with its turnover nearly doubling from INR 619.76 crore in FY24 to INR 1,216.91 crore in FY25. This strategic move allows WRTL to vertically integrate its renewable energy offerings with power distribution capabilities. The acquisition is a cash deal expected to be completed by April 30, 2026.
Key Highlights
Acquisition of ~55% stake in ASPL for a total consideration of INR ~1,225 crores via primary and secondary routes.
ASPL turnover grew significantly from INR 416.80 crore in FY23 to INR 1,216.91 crore in FY25.
Target company ASPL reported a net worth of INR 339.53 crore and total assets of INR 834.15 crore as of March 31, 2025.
The deal expands WRTL's presence into the Power Transmission and Distribution (T&D) infrastructure sector.
The acquisition is expected to be finalized by April 30, 2026, making ASPL a subsidiary of WRTL.
💼 Action for Investors
Investors should view this as a significant expansion move that diversifies Waaree's portfolio into the critical T&D segment. Monitor the company's funding plan for the INR 1,225 crore cash consideration and the subsequent margin profile post-integration.
Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Crores
Waaree Renewable Technologies Limited has entered into a binding term sheet to acquire a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a specialist in power transmission and distribution, showing explosive growth with its turnover rising from INR 416.80 crores in FY23 to INR 1,216.91 crores in FY25. This acquisition is a strategic move to integrate power infrastructure capabilities with Waaree's existing renewable energy business. The deal is expected to be completed by April 30, 2026, through a cash consideration involving both primary and secondary transactions.
Key Highlights
Acquisition of ~55% stake in ASPL for a total consideration of approximately INR 1,225 crores.
ASPL reported a turnover of INR 1,216.91 crores for FY25, nearly tripling its FY23 revenue of INR 416.80 crores.
Target company ASPL has a net worth of INR 339.53 crores and total assets of INR 834.15 crores as of March 31, 2025.
The acquisition is expected to be finalized by April 30, 2026, making ASPL a subsidiary of the company.
Strategic expansion into the power transmission and distribution sector to provide integrated clean energy solutions.
💼 Action for Investors
Investors should look favorably on this acquisition as it adds a high-growth vertical that complements the core renewable business. Monitor the funding mix for the INR 1,225 crore payout and the subsequent integration of ASPL's margins into Waaree's consolidated books.
Waaree Renewable to Acquire 55% Stake in Associated Power Structures for INR 1,225 Crores
Waaree Renewable Technologies (WAAREERTL) has approved the acquisition of a 55% majority stake in Associated Power Structures Limited (ASPL) for approximately INR 1,225 crores. ASPL is a power transmission and distribution infrastructure company that reported a turnover of INR 1,216.91 crores in FY25, showing rapid growth from INR 416.80 crores in FY23. The acquisition is a strategic move to expand WAAREERTL's capabilities in the clean energy ecosystem and integrated infrastructure. The transaction is expected to be completed by April 30, 2026, making ASPL a subsidiary of the company.
Key Highlights
Acquisition of ~55% stake in Associated Power Structures Limited for a total consideration of INR ~1,225 crores.
Target company ASPL reported FY25 turnover of INR 1,216.91 crores and a net worth of INR 339.53 crores.
ASPL has shown significant growth with turnover rising from INR 416.80 crores in FY23 to over INR 1,216 crores in FY25.
The acquisition is expected to be completed by April 30, 2026, through cash consideration.
Strategic expansion into power transmission and distribution to complement existing renewable energy business.
💼 Action for Investors
Investors should view this as a significant growth milestone that diversifies the company's revenue streams into power infrastructure. Monitor the impact on consolidated margins and the successful integration of ASPL by the April 2026 deadline.
PVR INOX to Divest 4700BC Stake to Marico for INR 226.8 Crore
PVR INOX has entered into a definitive agreement to sell its entire stake in Zea Maize Private Limited (4700BC brand) to Marico Limited for an all-cash consideration of INR 226.8 crore. This divestment is a strategic move to unlock shareholder value and reallocate capital toward the company's core cinema exhibition business. The transaction is expected to be accretive to PVR INOX's profit, free cash flow, and return ratios. Importantly, the company confirmed that this sale will have no material impact on its existing in-cinema food and beverage revenues.
Key Highlights
Monetization of entire stake in Zea Maize Private Limited (4700BC) for INR 226.8 crore
All-cash transaction with FMCG leader Marico Limited to strengthen the balance sheet
Strategic exit from a non-core asset to focus resources on the core cinema exhibition business
Expected to improve overall return ratios and free cash flow for PVR INOX
No material impact on the company's internal in-cinema F&B growth trajectory
💼 Action for Investors
Investors should view this as a positive development as it provides a significant cash infusion and allows the management to focus on the core business. The deal helps in deleveraging the balance sheet and improving capital efficiency.
PVR INOX to sell 93.27% stake in 4700BC brand owner ZMPL to Marico for ₹226.8 Crore
PVR INOX has approved the sale of its entire 93.27% stake in Zea Maize Private Limited (ZMPL), which owns the gourmet popcorn brand '4700BC', to Marico Limited. The transaction is valued at ₹226.8 Crore, providing a significant cash infusion for a non-core asset. ZMPL contributed approximately 1.71% (₹98.66 Cr) to PVR INOX's turnover and 0.42% to its net worth in the last financial year. This divestment allows the company to focus on its core cinema exhibition business while unlocking value from its subsidiary.
Key Highlights
Divestment of 93.27% stake in Zea Maize Private Limited (ZMPL) to Marico Limited
Total consideration for the sale is fixed at ₹226.8 Crore
ZMPL reported a turnover of ₹98.66 Crore (1.71% of PVR INOX total) in the last FY
Transaction expected to be completed within 30 days from January 26, 2026
ZMPL's net worth contribution was ₹29.53 Crore, representing 0.42% of the parent company
💼 Action for Investors
Investors should view this as a positive move to streamline the business and strengthen the balance sheet through the monetization of a non-core asset. The proceeds can be effectively redeployed into the core cinema exhibition segment or used for debt reduction.
Marico to Acquire 93.27% Stake in Gourmet Snacking Brand 4700BC for Rs 226.83 Cr
Marico Limited has entered into definitive agreements to acquire a 93.27% stake in Zea Maize Private Limited, the owner of the premium gourmet snacking brand '4700BC', from PVR INOX. The acquisition is valued at approximately Rs 226.83 Crores and is expected to be completed within 30 days. This strategic move aims to expand Marico's presence in the high-growth, value-added foods and premium snacking segment. Zea Maize has shown strong growth, with its turnover increasing from Rs 48.47 Crores in FY23 to Rs 98.66 Crores in FY25, reaching a recent ARR of ~Rs 140 Crores.
Key Highlights
Acquisition of 93.27% stake in Zea Maize (4700BC) for an aggregate cash consideration of Rs 226.83 Crores.
Target company revenue grew at a robust pace from Rs 48.47 Cr in FY23 to Rs 98.66 Cr in FY25.
Current Annualized Revenue Run-rate (ARR) reached ~Rs 140 Crores based on the Oct-Dec 2025 quarter.
Marico holds the right to acquire the remaining stake after 3 years subject to milestone achievements.
The deal allows Marico to leverage its FMCG distribution scale to grow a premium, digital-first snacking brand.
💼 Action for Investors
Investors should view this as a positive step in Marico's diversification strategy into high-margin food categories. Monitor the brand's scaling progress through Marico's distribution network as it contributes to the company's long-term 'Foods' growth targets.
Pine Labs Partners with UAE's Wio Bank to Modernize Merchant Acquiring Infrastructure
Pine Labs has entered a strategic partnership with Wio Bank, the Middle East's leading digital financial platform, to deploy its 'Credit+' modular acquiring platform. This collaboration will modernize Wio Bank's infrastructure, enabling faster merchant onboarding and real-time settlement capabilities without legacy tech dependencies. The partnership leverages Pine Labs' API-first, cloud-native architecture to scale acquiring volumes in the high-growth UAE market. This move reinforces Pine Labs' international expansion strategy and validates its fintech stack among major global financial institutions.
Key Highlights
Wio Bank to deploy Pine Labs' 'Credit+' modular, API-first platform for core acquiring operations.
Partnership enables real-time settlement and seamless multi-mode payment acceptance for UAE merchants.
Wio Bank is backed by major UAE strategic investors including ADQ, Alpha Dhabi, e&, and First Abu Dhabi Bank (FAB).
The collaboration targets the UAE's rapid transition toward a cashless economy through cloud-native microservices.
Pine Labs continues to expand its global footprint across Malaysia, Philippines, UAE, Singapore, and the USA.
💼 Action for Investors
Investors should view this as a positive validation of Pine Labs' technology export capabilities and its ability to secure high-profile banking partners internationally. Monitor for future revenue contributions from the Middle East and Africa (MEA) segment as these digital-first partnerships scale.
Axis Bank Q3 FY26: PAT up 28% QoQ to ₹6,490 Cr; Asset Quality Improves with GNPA at 1.40%
Axis Bank reported a strong sequential performance for Q3 FY26, with Net Profit rising 28% QoQ to ₹6,490 crores, although YoY growth was a modest 3%. The bank's balance sheet grew 15% YoY, driven by a 14% increase in advances and a 15% rise in deposits, maintaining a healthy CASA ratio of 39%. Asset quality remains robust with GNPA improving to 1.40% and Net NPA at 0.42%, supported by a high aggregated provision coverage ratio of 146%. NIMs remained stable at 3.64%, while core operating profit grew 9% QoQ, reflecting efficient cost management and steady fee income.
Key Highlights
Net Profit grew 28% QoQ to ₹6,490 crores; Core Operating Profit rose 9% QoQ to ₹10,815 crores.
Total advances increased 14% YoY to ₹11.59 lakh crores, led by 27% growth in Corporate loans.
Asset quality improved with GNPA at 1.40% and NNPA at 0.42%; Net credit cost declined to 0.76%.
Total deposits grew 15% YoY to ₹17.52 lakh crores with a healthy CASA ratio of 39%.
Capital adequacy remains strong with CAR at 16.55% and CET-1 ratio at 14.50%.
💼 Action for Investors
Investors should find the strong sequential recovery in profit and stable asset quality metrics encouraging. The bank's continued digital leadership and growth in high-margin segments like SME and Mid-Corporate support a positive long-term outlook.