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Spandana Q3FY26: Disbursement Up 27% QoQ, GNPA Improves to 2.6%, Net Loss of ₹95 Cr
Spandana Sphoorty reported a net loss of ₹95 crore for Q3FY26, primarily driven by technical write-offs and one-off impacts from the new labor code implementation. Despite the bottom-line loss, operational metrics showed recovery with disbursements rising 27% QoQ to ₹1,188 crore and Net Interest Income growing 18% to ₹107 crore. Asset quality improved significantly as standalone GNPA dropped to 2.60% from 4.97% in the previous quarter. The company maintains a robust capital adequacy ratio (CRAR) of 40.3% and is evaluating a merger with its subsidiary, Criss Financials, to enhance capital utilization.
Key Highlights
Disbursements grew 27% QoQ to ₹1,188 Cr, indicating a return to operational normalcy.
Standalone GNPA and NNPA improved to 2.60% and 0.50% respectively, down from 4.97% and 0.97% in Q2.
Net Interest Income (NII) increased by 18% QoQ to ₹107 Cr with yields improving by 283 bps to 22.4%.
Reported a net loss of ₹95 Cr for the quarter, impacted by slippage-related write-offs and labor code costs.
Maintains strong liquidity of ₹1,626 Cr and a high CRAR of 40.3% with a low gearing of 1.8x.
💼 Action for Investors
Investors should focus on the sustainability of the asset quality recovery and the timeline for returning to net profitability. The proposed merger with Criss Financials and the improving collection efficiency are positive long-term indicators to watch.
Videocon Industries Submits SEBI Reg 74(5) Compliance Certificate for Q3 FY26
Videocon Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ended December 31, 2025. The certificate, issued by MCS Share Transfer Agent Limited, confirms that share certificates received for dematerialization were processed and the register of members was updated within 15 days. The company remains under the Corporate Insolvency Resolution Process (CIRP) as per NCLT orders dating back to June 2018. This filing is a standard regulatory requirement and does not impact the ongoing insolvency proceedings.
Key Highlights
Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation that dematerialization requests were processed within the mandatory 15-day window.
Registrar confirmed that security certificates were mutilated and cancelled after verification.
Company continues to be managed by Resolution Professional Abhijit Guhathakurta under CIRP.
💼 Action for Investors
No action is required as this is a routine regulatory filing. Investors should exercise extreme caution given the company's ongoing insolvency status.
Lupin Allots 1,69,140 Equity Shares Under Employee Stock Option Plan
Lupin Limited has allotted 1,69,140 fully paid-up equity shares of ₹2 each to employees upon the exercise of vested options. This allotment was approved by the Operations and Finance Committee on January 27, 2026. As a result, the company's paid-up share capital has increased to ₹91,39,35,892, comprising 45,69,67,946 equity shares. This is a routine corporate action that leads to a marginal dilution of the existing equity base.
Key Highlights
Allotment of 1,69,140 equity shares of face value ₹2 each under ESOP
Total paid-up share capital increased to ₹91,39,35,892
Total number of equity shares outstanding rises to 45,69,67,946
Allotment includes employees of both the company and its subsidiaries
💼 Action for Investors
No action is required as this is a routine administrative matter. The equity dilution resulting from this allotment is negligible for retail investors.
20 Microns Q3 FY26 PAT Rises 15.1% YoY to ₹148.7 Mn; EBITDA Margins Expand to 12.9%
20 Microns reported a marginal YoY revenue growth of 0.1% at ₹2,148.2 million for Q3 FY26, facing headwinds in the paint industry post-Diwali. Despite stagnant revenue, Profit After Tax (PAT) grew significantly by 15.1% YoY to ₹148.7 million, supported by improved operational efficiencies and cost management. EBITDA margins expanded by 68 basis points YoY to 12.9%. Additionally, the company strengthened its international footprint by acquiring the remaining minority interest in its Malaysian subsidiary, making it 100% owned.
Key Highlights
Consolidated Revenue stood at ₹2,148.2 million, a marginal 0.1% YoY increase but a 6.9% sequential decline.
PAT increased by 15.1% YoY to ₹148.7 million, with EPS rising to ₹4.2 from ₹3.7 in the previous year.
EBITDA margins improved to 12.9% from 12.2% YoY, driven by a favorable product mix and cost discipline.
Finance costs reduced significantly by 22.4% YoY to ₹40.8 million.
The company consolidated 100% ownership of 20ML Malaysia and plans to start a new manufacturing facility there soon.
💼 Action for Investors
Investors should focus on the company's ability to maintain margin expansion despite slow revenue growth in its primary paint segment. The full ownership of the Malaysian subsidiary and upcoming capacity additions are key triggers for long-term growth.
NECLIFE Promoter Stake Rises to 51.84% Following 3 Crore Share Buyback Extinguishment
Nectar Lifesciences promoters have reported a technical increase in their shareholding from 44.91% to 51.84%. This change occurred because the company extinguished 3,00,00,000 equity shares following a buyback that concluded in January 2026. While the absolute number of shares held by the promoters remains unchanged at 10.07 crore, the reduction in the total share capital base has resulted in the promoter group now holding a majority stake in the company. This acquisition is exempt from open offer requirements under SEBI Takeover Regulations.
Key Highlights
Promoter group aggregate stake increased by 6.93% to reach 51.84% of total equity.
Total equity share capital reduced from 22.43 crore shares to 19.43 crore shares post-extinguishment.
Sanjiv Goyal and Sanjiv (HUF) now hold 24.63% and 22.46% respectively.
The 3 crore share buyback was completed between December 31, 2025, and January 06, 2026.
The disclosure is a formal report under Regulation 10(6) of SEBI (SAST) Regulations.
💼 Action for Investors
The consolidation of promoter holding above the 50% mark is a positive signal of control and confidence. Investors should monitor for improvements in EPS and RoE resulting from the reduced share capital base.
Promoter Amar Nath Goenka Acquires 20,448 Shares of Premier Polyfilm via Open Market
Shri Amar Nath Goenka, the Chief Promoter of Premier Polyfilm Limited, has increased his stake in the company through an open market purchase. On January 23, 2026, he acquired 20,448 equity shares, representing approximately 0.02% of the total share capital. This transaction raises his individual holding from 5.30% to 5.32%. While the acquisition size is relatively small, consistent promoter buying is typically viewed as a sign of confidence in the company's future performance.
Key Highlights
Chief Promoter Amar Nath Goenka purchased 20,448 equity shares on January 23, 2026.
The acquisition was conducted through the open market at prevailing prices.
Promoter's individual holding increased from 55,49,571 shares (5.30%) to 55,70,019 shares (5.32%).
The total paid-up equity capital of the company stands at 10,47,42,475 shares of face value Rs. 1 each.
💼 Action for Investors
Investors should view this minor stake increase as a positive signal of promoter confidence, though the small volume suggests it is not a major structural change. Monitor for further accumulation by the promoter group in upcoming quarters.
Spandana Sphoorty Appoints Ganesh KV as CTO; Q3 Net Loss Narrows to ₹82.54 Cr
Spandana Sphoorty Financial Limited reported a narrowing net loss of ₹82.54 crore for Q3 FY26, a significant improvement from the ₹218.07 crore loss in Q2 FY26. Total income grew marginally to ₹216.47 crore, while impairment costs on financial instruments were reduced by over 60% to ₹111.37 crore. The company also appointed Mr. Ganesh KV as Chief Transformation Officer to lead its stabilization and recovery efforts. Management highlighted that loans originated in FY26 under stricter credit guardrails are showing improved performance compared to previous cycles.
Key Highlights
Net loss narrowed to ₹82.54 crore in Q3 FY26 from a loss of ₹218.07 crore in the previous quarter.
Impairment on financial instruments decreased significantly to ₹111.37 crore from ₹285.65 crore in Q2 FY26.
Total income for the quarter stood at ₹216.47 crore compared to ₹207.94 crore in Q2 FY26.
The company transferred stressed loan assets with a principal outstanding of ₹493.55 crore to an ARC.
Mr. Ganesh KV appointed as Chief Transformation Officer effective January 27, 2026, to oversee strategic changes.
💼 Action for Investors
Investors should monitor if the narrowing loss trend continues and if the new CTO can successfully steer the company back to profitability. While the reduction in impairment is a positive sign, the company remains in a recovery phase and requires a cautious approach until sustainable profits are achieved.
Value Industries Submits Q3 FY26 Share Dematerialization Compliance Certificate
Value Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the quarter ended December 31, 2025. The Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, confirmed that all dematerialization requests were processed and the register of members updated within the 15-day limit. The company remains under the Corporate Insolvency Resolution Process (CIRP) as per NCLT orders from 2018 and 2019. This filing is a standard regulatory requirement and does not indicate any change in the company's operational or insolvency status.
Key Highlights
Quarterly compliance certificate submitted for the period ending December 31, 2025
RTA confirmed dematerialization requests were processed within the mandatory 15-day timeframe
Company continues to be managed by Resolution Professional Abhijit Guhathakurta under CIRP
The filing confirms that securities comprised in demat certificates are listed on relevant stock exchanges
💼 Action for Investors
This is a routine regulatory filing with no impact on stock valuation. Investors should exercise extreme caution as the company is still undergoing a consolidated insolvency process.
Spandana Sphoorty Q3 FY26 Net Loss Narrows to ₹82.54 Cr; Appoints Chief Transformation Officer
Spandana Sphoorty reported a net loss of ₹82.54 crore for the quarter ended December 31, 2025, showing a sequential improvement from the ₹218.07 crore loss in Q2 FY26. Total income for the quarter stood at ₹216.47 crore, a slight increase from ₹207.94 crore in the previous quarter. The company continues to struggle with high impairment costs, which amounted to ₹112.45 crore this quarter, although this is a significant reduction from the ₹285.65 crore seen in Q2. To drive recovery, the board has appointed Mr. Ganesh KV as the Chief Transformation Officer.
Key Highlights
Net loss narrowed to ₹82.54 Cr in Q3 FY26 compared to a loss of ₹218.07 Cr in Q2 FY26.
Total income for Q3 FY26 grew 4.1% sequentially to ₹216.47 Cr from ₹207.94 Cr.
Impairment on financial instruments decreased by 60.6% quarter-on-quarter to ₹112.45 Cr.
Cumulative 9-month loss for FY26 stands at ₹629.52 Cr versus a loss of ₹546.54 Cr in 9M FY25.
Appointed Ganesh KV as Chief Transformation Officer effective January 27, 2026, to lead structural recovery.
💼 Action for Investors
Investors should remain cautious as the company is still reporting significant losses, though the sequential narrowing of the loss and reduced impairment charges are positive signs of stabilization. Monitor the impact of the new Chief Transformation Officer on collection efficiencies and credit guardrails in upcoming quarters.
Vedanta to Sell 1.59% Stake in Hindustan Zinc via Offer for Sale (OFS)
Vedanta Limited's Committee of Directors has approved the sale of up to 6,70,00,000 equity shares of its subsidiary, Hindustan Zinc Limited (HZL). This divestment represents a 1.59% stake in HZL and will be executed through the Offer for Sale (OFS) mechanism on the stock exchanges. The move is strategically aimed at raising capital, likely to support Vedanta's ongoing deleveraging efforts and debt management. Investors should note that this follows previous stake sales as the parent company continues to optimize its balance sheet.
Key Highlights
Sale of up to 6,70,00,000 equity shares of Hindustan Zinc Limited (HZL)
Divestment represents 1.59% of HZL's total issued and paid-up equity capital
Transaction to be conducted via the Offer for Sale (OFS) stock exchange mechanism
Approval granted by the Committee of Directors on January 27, 2026
Proceeds likely intended for debt reduction and improving Vedanta's liquidity
💼 Action for Investors
Vedanta shareholders should view this as a positive step for liquidity and debt reduction, while HZL investors should prepare for short-term price volatility due to the increased share supply.
Fedbank Financial Services Conducts Investor Meeting with WhiteOak Capital Management
Fedbank Financial Services Limited (FEDFINA) informed the stock exchanges about an institutional investor meeting held on January 27, 2026. The company engaged with WhiteOak Capital Management via video conferencing to discuss business updates. As per the regulatory filing, no unpublished price sensitive information (UPSI) was shared during the interaction. This meeting is part of the company's routine investor relations and transparency efforts under SEBI regulations.
Key Highlights
Meeting held with WhiteOak Capital Management on January 27, 2026
Interaction conducted via Video Conferencing platform
Compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
Company confirmed that no unpublished price sensitive information (UPSI) was disclosed
💼 Action for Investors
This is a routine disclosure of investor engagement and does not require any immediate investment action. Investors may monitor for any future investor presentations that might provide more granular data on the company's loan book growth.
Vedanta to Sell 1.59% Stake in Hindustan Zinc via Offer for Sale
Vedanta Limited has approved the divestment of up to 6,70,00,000 equity shares in its subsidiary, Hindustan Zinc Limited (HZL). This transaction represents a 1.59% stake in HZL and will be conducted through the Offer for Sale (OFS) mechanism. The sale is a strategic move by Vedanta, likely intended to generate liquidity for debt repayment or other corporate purposes. Investors should track the floor price of the OFS and the subsequent impact on Vedanta's consolidated debt-to-equity ratio.
Key Highlights
Divestment of 6.7 crore equity shares of Hindustan Zinc Limited (HZL)
Stake sale constitutes 1.59% of HZL's total paid-up equity capital
Execution via the stock exchange Offer for Sale (OFS) mechanism
Board committee approval granted on January 27, 2026
💼 Action for Investors
Monitor the OFS floor price and the impact on Vedanta's cash reserves for debt servicing. HZL shareholders should prepare for potential short-term price pressure due to the increased supply of equity.
PNB Q3 FY26: Net Profit up 13.1% to ₹5,100 Cr; GNPA drops to 3.19% with 97% PCR
Punjab National Bank reported a steady Q3 FY26 with a net profit of ₹5,100 crore, marking a 13.13% YoY growth. Asset quality showed significant improvement as Gross NPA fell to 3.19% and Net NPA reached 0.32%, supported by a high Provision Coverage Ratio of 96.99%. While Net Interest Margins (NIM) saw a slight dip due to rate cuts and deposit dynamics, the bank maintained a healthy credit growth of 10.9% YoY. Management's focus on digital transformation and a prudent floating provision of ₹955 crore for ECL transition strengthens the long-term balance sheet.
Key Highlights
Net Profit grew 13.13% YoY to ₹5,100 crore, while Operating Profit rose 13% to ₹7,481 crore.
Asset quality improved significantly with GNPA at 3.19% and NNPA at 0.32%, supported by a robust PCR of 96.99%.
Global advances increased by 10.9% YoY to ₹12.31 trillion, with the CD ratio rising to 74.2%.
Bank made additional floating provisions of ₹955 crore in Q3 to prepare for future ECL implementation, bringing total floating provisions to ₹1,775 crore.
Capital Adequacy Ratio (CRAR) remains strong at 16.77% with CET1 at 12.52%, well above regulatory requirements.
💼 Action for Investors
Investors should find confidence in the bank's consistent asset quality improvement and proactive provisioning for future regulatory changes. The stock remains a strong contender in the PSU banking space, though monitoring NIM stability in a potential rate-cut cycle is advised.
Power Grid to Host Analyst Meet on Feb 2, 2026, for Q3 FY26 Results Discussion
Power Grid Corporation of India Limited has scheduled an Analysts and Institutional Investors Meet on February 2, 2026, in Mumbai. The meeting is intended to discuss the company's financial performance for the third quarter and nine months ending December 31, 2025. Senior management, including the Chairman & Managing Director and the CFO, will provide insights into the business outlook and interact with participants. This follows the official declaration of the un-audited financial results for the FY 2025-26 period.
Key Highlights
Meeting scheduled for Monday, February 2, 2026, at 12:00 Noon in Mumbai.
Discussion will cover financial results for Q3 and the nine-month period ended December 31, 2025.
Management participants include CMD Dr. R.K. Tyagi and CFO Shri G. Ravisankar.
The session will focus on the company's business outlook and future growth strategies.
Event coordination is being handled by ICICI Securities.
💼 Action for Investors
Investors should look out for the management commentary post-meeting regarding capital expenditure targets and new project wins. No immediate action is required as this is a routine notification of a scheduled event.
CONCOR Submits SEBI Compliance Certificate for Q3 Ended December 2025
Container Corporation of India Limited (CONCOR) has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that all share certificates received for dematerialization during the quarter ended December 31, 2025, were processed within the mandatory 15-day period. The Registrar and Share Transfer Agent, Beetal Financial & Computer Services, verified that the securities are listed on the stock exchanges and the register of members has been updated accordingly. This is a standard administrative filing ensuring regulatory adherence regarding shareholding records.
Key Highlights
Compliance certificate issued for the quarter ended December 31, 2025.
Confirmation that dematerialization requests were processed and confirmed to depositories within 15 days.
Verification that security certificates were mutilated and cancelled after due verification.
Confirmation that the name of depositories has been substituted in the register of members as the registered owner.
💼 Action for Investors
No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's operational performance and upcoming quarterly financial results.
Elecon Engineering Schedules Group Plant Visit for Investors on January 30, 2026
Elecon Engineering Company Limited has announced a group plant visit for analysts and institutional investors scheduled for January 30, 2026, starting at 10:00 a.m. IST. The company stated that discussions will be restricted to publicly available information and no formal presentation will be delivered during the session. This interaction is part of the company's regular investor relations activities under SEBI Regulation 30. No unpublished price sensitive information (UPSI) is expected to be disclosed during this visit.
Key Highlights
Group plant visit for Analysts and Institutional Investors scheduled for January 30, 2026
Interaction to commence from 10:00 a.m. IST onwards at the company's premises
Discussions will be based solely on publicly available information with no new presentations
Company confirms that no unpublished price sensitive information (UPSI) will be shared
Compliance filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
💼 Action for Investors
This is a routine regulatory filing for an investor interaction; no immediate action is required. Investors may look for subsequent analyst reports that might offer qualitative insights into the company's manufacturing capabilities.
Jai Corp Limited Dissolves Non-Material Subsidiary Jaicorp Welfare Limited
Jai Corp Limited has announced the official dissolution of its wholly-owned subsidiary, Jaicorp Welfare Limited, effective January 27, 2026. The subsidiary was previously identified as a non-material, un-listed entity that was not conducting any economic activity. This final strike-off follows the Board's approval for liquidation granted on November 22, 2025. The move is part of a routine corporate cleanup to eliminate inactive entities from the group structure.
Key Highlights
Jaicorp Welfare Limited officially struck off and dissolved by the MCA on January 27, 2026.
The entity was a wholly-owned, non-material subsidiary of Jai Corp Limited.
Liquidation process was initiated due to the subsidiary having no active economic operations.
Initial Board approval for the closure was communicated on November 22, 2025.
💼 Action for Investors
This is a routine administrative matter with no impact on the company's financial performance or operations. Investors should treat this as a neutral development.
Coromandel International to Hold Q3FY26 Earnings Call on January 30, 2026
Coromandel International Limited has scheduled a conference call for Friday, January 30, 2026, at 3:00 PM IST to discuss its financial results for the quarter ended December 31, 2025. The call, hosted by IIFL Capital, will feature the Managing Director & CEO, Mr. Sankarasubramanian S, and CFO, Mr. Deepak Natarajan. Management will provide insights into the company's business strategy and future outlook following the Q3FY26 results declaration. Audio recordings and transcripts will be made available on the company's website post-meeting.
Key Highlights
Conference call scheduled for January 30, 2026, at 3:00 PM IST to discuss Q3FY26 results.
Management participants include MD & CEO Sankarasubramanian S and CFO Deepak Natarajan.
The call is organized and hosted by IIFL Capital with international dial-in options for USA, UK, Singapore, and HK.
Discussion will cover financial performance for the period ending December 31, 2025, and business strategy.
💼 Action for Investors
Investors should attend the call or review the subsequent transcript to understand management's guidance on fertilizer demand and raw material pricing. Key focus areas should be the impact of the rabi season and the company's expansion plans in the specialty chemicals segment.
UNO Minda Schedules Q3 & 9MFY26 Earnings Call for February 5, 2026
UNO Minda Limited has announced its earnings conference call scheduled for February 5, 2026, at 3:30 PM IST. The call will focus on the company's operational and financial performance for the third quarter and the nine-month period ending FY26. Key management personnel, including Group CFO Sunil Bohra, will be present to interact with analysts and investors. This is a routine but essential event for stakeholders to understand the company's growth trajectory and margin profile.
Key Highlights
Earnings call scheduled for Thursday, February 5, 2026, at 3:30 PM IST
Management to discuss Q3 and 9MFY26 financial and operational performance
Key participants include Group CFO Sunil Bohra and Head of Corporate Finance Ankur Modi
Universal dial-in numbers and international toll-free numbers for USA, UK, Singapore, and HK provided
💼 Action for Investors
Investors should track the earnings call for management commentary on the order book, EV segment growth, and margin outlook. It is advisable to review the Q3 results which will be released prior to or on the day of the call.
Aarti Industries to Host Q3 FY26 Earnings Conference Call on February 3, 2026
Aarti Industries has scheduled its Q3 FY26 earnings conference call for Tuesday, February 3, 2026, at 12:00 PM IST. The financial results for the quarter and nine months ended December 31, 2025, are slated to be declared on Monday, February 2, 2026. The call will feature a management discussion led by ED & CEO Suyog Kotecha and CFO Chetan Gandhi. This event is crucial for investors to understand the company's performance in the specialty chemicals sector and its outlook for the remainder of the fiscal year.
Key Highlights
Earnings conference call scheduled for February 3, 2026, at 12:00 PM IST
Financial results for Q3 FY26 and 9M FY26 to be declared on February 2, 2026
Management representation includes ED & CEO Suyog Kotecha and CFO Chetan Gandhi
Company holds a top 4 global ranking for 75% of its product portfolio
💼 Action for Investors
Investors should monitor the results on February 2 for margin performance and then attend the call for management commentary on demand recovery and capital expenditure plans.