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Total Announcements
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Negative Impact
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Insecticides (India) Reports Nil Requests for Physical Share Transfer Re-lodgement
Insecticides (India) Limited has submitted a compliance report regarding the re-lodgement of transfer requests for physical shares as per SEBI guidelines. The report, issued by the Registrar and Share Transfer Agent (RTA) Alankit Assignments Limited, covers the period from January 1, 2026, to January 6, 2026. During this specific window, the company received zero requests for the transfer of physical shares. This filing is a routine procedural update following the SEBI circular dated July 2, 2025.
Key Highlights
Zero (NIL) requests received for re-lodgement of physical share transfers during the reporting period. Compliance update submitted pursuant to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97. Report covers the status as of January 6, 2026, as confirmed by RTA Alankit Assignments Limited. No requests were processed, approved, or rejected during the specified timeframe.
💼 Action for Investors This is a routine regulatory disclosure with no impact on company fundamentals or financial performance; no action is required from investors.
REGULATORY NEUTRAL 3/10
Everest Industries Receives GST Show Cause Notice for Rs 1.33 Crore
Everest Industries Limited has received a Show Cause Notice (DRC 01) from the GST Department, Jabalpur, for the financial year 2022-23. The total demand amounts to Rs 1.33 crore, which includes a tax demand of Rs 80.96 lakh, interest of Rs 43.72 lakh, and a penalty of Rs 8.10 lakh. The notice pertains to alleged discrepancies in Input Tax Credit (ITC) claims and short payment under the Reverse Charge Mechanism (RCM). The company believes it has strong legal grounds and expects no material impact on its financial or operational activities.
Key Highlights
Total demand of Rs 1.33 crore raised by the Deputy Commissioner of State GST, Jabalpur. The demand includes Rs 80,95,982 in tax, Rs 43,71,829 in interest, and Rs 8,09,598 in penalty. Discrepancies cited include excess ITC claimed in GSTR 3B vs 2A/2B and short GST paid under RCM. The notice pertains specifically to the financial year 2022-23. Management states there is no material impact on the company's operations or financials at this stage.
💼 Action for Investors No immediate action is required as the financial implication is negligible relative to the company's scale. Investors should monitor for any final adjudication orders that might confirm the liability.
Motilal Oswal Releases Q3/9M FY26 Earnings Call Audio Recording
Motilal Oswal Financial Services has made the audio recording of its Q3 and 9M FY 2025-26 earnings conference call available to the public. The call, held on January 28, 2026, discussed the company's financial performance for the nine-month period ending December 2025. This disclosure is a standard regulatory requirement under SEBI Listing Regulations to ensure transparency for all shareholders. Investors can access the recording via the company's official website to hear management's detailed commentary on business segments.
Key Highlights
Earnings conference call for Q3/9M FY 2025-26 was conducted on January 28, 2026 Audio recording link is now live on the official Motilal Oswal Group website Compliance filing submitted under Regulation 30 of SEBI (LODR) Regulations The recording covers management discussion on financial performance and business outlook
💼 Action for Investors Investors interested in the company's operational details should listen to the recording for insights into AUM growth and broking yields. No immediate action is required as this is a routine procedural update.
EARNINGS NEUTRAL 8/10
Maruti Suzuki Q3 FY26: Net Sales Up 29.2% to ₹47,534 Cr; PAT Rises 3.7% Amid Margin Pressure
Maruti Suzuki reported a strong 29.2% YoY growth in net sales for Q3 FY26, reaching INR 475,344 million, supported by a 17.9% increase in sales volume. However, EBITDA margins contracted by 210 bps to 11.7%, significantly impacted by a one-time provision of INR 5,939 million for New Labour Codes and adverse commodity prices. Despite these cost pressures, PAT grew 3.7% YoY to INR 37,940 million. The company demonstrated robust domestic demand, particularly in the Mini, Compact, and Utility Vehicle segments.
Key Highlights
Net Sales for Q3 FY26 rose 29.2% YoY to INR 475,344 million, with total sales volume reaching 667,769 units. Operating EBITDA margin stood at 11.7%, down from 13.8% YoY, inclusive of a ~125 bps impact from a one-time labour code provision. Domestic Utility Vehicle (UV) sales grew 20.8% YoY in Q3, while the Mini + Compact segment saw a 25.4% volume increase. Material costs increased to 76.2% of net sales compared to 74.0% in the previous year due to adverse commodity and FX movements. 9M FY26 PAT reached INR 108,549 million, reflecting a 4% growth over the same period last year.
💼 Action for Investors Investors should look past the one-time labour provision to assess core operational efficiency, while monitoring if volume growth in the UV segment can offset rising material costs. The stock remains a key play on Indian consumer demand, but margin recovery is the critical metric to watch in upcoming quarters.
EARNINGS POSITIVE 9/10
Maruti Suzuki Q3 FY26 Net Profit Rises to ₹3,794 Cr; Revenue Up 17.8% YoY
Maruti Suzuki reported a strong top-line performance for Q3 FY26 with standalone revenue reaching ₹49,891 crore, up 17.8% from ₹42,332 crore in the year-ago period. Net profit grew modestly to ₹3,794 crore compared to ₹3,659 crore YoY, primarily due to a one-time provision for new labour codes. The company recognized an incremental impact of ₹593.9 crore related to revised wage definitions for gratuity and leave encashment. Additionally, the merger with Suzuki Motor Gujarat (SMG) was successfully completed and reflected in the restated financials.
Key Highlights
Revenue from operations increased 17.8% YoY to ₹49,891 crore. Standalone Net Profit stood at ₹3,794 crore, up 3.7% YoY despite regulatory cost hits. Recognized a one-time incremental impact of ₹5,939 million (₹593.9 crore) due to new Labour Codes. Earnings Per Share (EPS) for the quarter rose to ₹120.61 from ₹116.39 YoY. Amalgamation of Suzuki Motor Gujarat Private Limited became effective from December 1, 2025.
💼 Action for Investors Investors should focus on the robust revenue growth and treat the profit suppression as a one-time regulatory adjustment. The successful integration of the Gujarat plant and steady EPS growth support a long-term positive outlook.
TICL Re-classifies 5 Promoter Entities to Public Category Following IBC Resolution
Twamev Construction and Infrastructure Limited (formerly Tantia Constructions) has applied to stock exchanges for the re-classification of five promoter entities to the public category. This move is part of the Resolution Plan approved under Section 31 of the Insolvency and Bankruptcy Code (IBC). The entities include individual promoters Mr. Ishwari Prasad Tantia and Mr. Rahul Tantia, along with three corporate entities. The Board of Directors had previously approved this request on May 27, 2025, as the company transitions post-insolvency.
Key Highlights
Application filed for re-classification of 5 promoter/promoter group entities to the public category. Action taken pursuant to a Resolution Plan approved under Section 31 of the IBC, 2016. Promoters involved include Mr. Ishwari Prasad Tantia and Mr. Rahul Tantia. Corporate entities Nigolice Trading, EDCL Infrastructure, and Tantia Financial Services are also being re-classified. The Board of Directors initially approved this re-classification request on May 27, 2025.
💼 Action for Investors Investors should note this as a procedural step in the company's restructuring post-IBC. Monitor the final approval from BSE and NSE to confirm the updated shareholding structure.
NALCO Clarifies News on 200-300 MW Green Power Capacity; Denies Active Negotiations
National Aluminium Company Limited (NALCO) has clarified that it is not currently engaged in negotiations for a 200-300 MW green power project with battery storage, as reported in recent media articles. The company stated that while it is in the process of appointing a consultant for its Renewable Energy (RE) transition, no specific project of this scale has been finalized. Management attributed recent stock price volatility to a broader upward trend in the non-ferrous metal sector rather than this specific news item. The company maintains that no undisclosed material information exists that would impact trading activity.
Key Highlights
Company denies active negotiations for 200-300 MW green power capacity as of January 28, 2026 NALCO is currently in the process of appointing a consultant for its Renewable Energy (RE) transition Management attributes recent stock price gains to a general sector-wide trend in non-ferrous metals No official press release or formal communication was issued by NALCO regarding the specific news item The company confirms it has no undisclosed material information that could explain recent trading movements
💼 Action for Investors Investors should treat the specific 200-300 MW project news as speculative for now, though the appointment of an RE consultant indicates long-term intent. Focus on official company filings regarding green energy roadmaps rather than media rumors.
Maruti Suzuki: NCLAT Hearing on CCI Order Adjourned to February 27, 2026
Maruti Suzuki has announced that the National Company Law Appellate Tribunal (NCLAT) has adjourned the hearing regarding the 2021 Competition Commission of India (CCI) order. The hearing, which was scheduled for January 27, 2026, was not taken up and has been rescheduled for February 27, 2026. This legal matter involves an appeal against a CCI order dated August 15, 2021, for which Maruti Suzuki currently holds an interim stay. This is a continuation of a long-standing legal process with over 30 previous disclosures on the matter.
Key Highlights
NCLAT hearing scheduled for January 27, 2026, was adjourned without being taken up. The next date for the hearing is now set for February 27, 2026. The case pertains to an appeal against the CCI order issued on August 15, 2021. This update marks the 31st formal disclosure regarding the timeline of this specific legal proceeding.
💼 Action for Investors No immediate action is required as this is a routine procedural delay in a long-running legal case. Investors should continue to monitor the final outcome for any potential impact on the company's provisions or cash flows.
EARNINGS NEUTRAL 4/10
Bharti Airtel to Host Q3 FY26 Earnings Call on February 06, 2026
Bharti Airtel has scheduled its earnings webinar for February 06, 2026, to discuss audited financial results for the third quarter and nine months ended December 31, 2025. The session will run from 2:30 pm to 3:50 pm IST and will include management from both Bharti Airtel and Bharti Hexacom Limited. A dedicated Q&A session for Bharti Hexacom is slated to begin at 3:30 pm IST. This call is a key event for investors to understand the company's recent performance and strategic outlook.
Key Highlights
Earnings call scheduled for Friday, February 06, 2026, at 2:30 pm IST Covers audited financial results for Q3 and the nine-month period ending December 31, 2025 Joint webinar format including Bharti Hexacom Limited with a specific Q&A slot at 3:30 pm IST Mandatory pre-registration required for participants via Zoom platform Audio/video recordings and transcripts to be made available on the company's website post-call
💼 Action for Investors Investors should track the call for updates on ARPU trends, 5G rollout progress, and management's guidance on debt levels. No immediate action is required as this is a routine scheduling announcement.
Motilal Oswal Q3 FY26 Revenue Grows 17% YoY to ₹2,008 Cr; PAT Steady at ₹569 Cr
Motilal Oswal Financial Services reported a 17.4% year-on-year growth in consolidated revenue from operations, reaching ₹2,008.5 crore for the quarter ended December 31, 2025. While Profit After Tax (PAT) remained flat at ₹569.16 crore compared to the previous year, the Total Comprehensive Income saw a significant jump to ₹725.04 crore, driven by fair value gains. For the nine-month period, the company has achieved a substantial PAT of ₹2,508.18 crore. Additionally, the firm strengthened its capital position by raising ₹300 crore through the private placement of Non-Convertible Debentures (NCDs).
Key Highlights
Consolidated Revenue from operations increased 17.4% YoY to ₹2,008.5 crore in Q3 FY26. Profit After Tax (PAT) for the quarter stood at ₹569.16 crore, maintaining stability YoY. Total Comprehensive Income surged to ₹725.04 crore from ₹460.86 crore in the same quarter last year. Raised ₹300 crore through Private Placement of NCDs during the quarter for business operations. Nine-month EPS (Basic) reached a strong ₹41.83 per share.
💼 Action for Investors Investors should note the strong top-line growth and the significant boost in comprehensive income, which reflects well on the company's investment portfolio. The steady PAT despite rising revenues suggests a focus on scale, making it a solid hold for long-term exposure to the Indian capital markets.
Motilal Oswal Q3FY26 Operating PAT up 16% YoY to ₹611 Cr; Declares ₹6 Dividend
Motilal Oswal Financial Services reported its highest-ever quarterly operating PAT of ₹611 crore for Q3FY26, marking a 16% YoY growth. The Asset and Private Wealth Management segments were major drivers, contributing approximately 50% of the group's operating profit. Total Assets Under Advice (AUA) crossed the ₹7 lakh crore milestone, while the Treasury book grew to ₹9,562 crore with an 18.5% XIRR since inception. The company also declared an interim dividend of ₹6 per share, maintaining its consistent shareholder payout policy.
Key Highlights
Operating PAT grew 16% YoY to ₹611 Cr; Asset Management PAT surged 65% YoY to ₹227 Cr. Total Assets Under Advice (AUA) crossed ₹7 lakh Cr; Mutual Fund AUM grew 40% YoY. Treasury book reached ₹9,562 Cr with a healthy 18.5% XIRR since inception. Net worth increased to ₹13,632 Cr, representing a 24% CAGR over the last decade. Declared an interim dividend of ₹6 per equity share for the financial year.
💼 Action for Investors The significant shift towards high-margin, fee-based recurring revenue (74% of total) improves earnings stability and justifies a positive outlook. Investors should note the strong 26% ROE and the company's proven ability to compound net worth without external capital raises.
Motilal Oswal Q3 FY26 Operating PAT Rises 16% YoY to ₹611 Cr; Declares ₹6 Dividend
Motilal Oswal Financial Services (MOFSL) reported a strong Q3 FY26 with consolidated operating PAT growing 16% YoY to ₹611 Cr, driven by a 65% surge in Asset Management profits. The company's total Assets Under Advice (AUA) crossed the ₹7 lakh Cr mark, reflecting a 17% YoY growth. Net worth reached ₹13,632 Cr as of December 2025, supported by a healthy annualized ROE of 26%. The board has also declared an interim dividend of ₹6 per equity share, continuing its trend of consistent capital return to shareholders.
Key Highlights
Consolidated Operating PAT grew 16% YoY to ₹611 Cr, with Asset & Private Wealth Management contributing ~50% of group profits. Asset Management PAT surged 65% YoY to ₹227 Cr, driven by a 40% growth in Mutual Fund AUM and 62% growth in Private Alternates. Total Assets Under Advice (AUA) reached ₹7+ lakh Cr, while the Treasury book grew to ₹9,562 Cr with an 18.5% XIRR since inception. Share of fee-based and NII revenue increased to 74% of total operating net revenue, up from 58% in FY21. Housing Finance segment showed recovery with AUM growing 24% YoY to ₹5,379 Cr and PAT rising 12% YoY to ₹42 Cr.
💼 Action for Investors Investors should take note of the structural shift towards high-margin fee-based revenue and the strong compounding of the treasury book. The stock remains a robust proxy for India's capital market growth, backed by a 20% average dividend payout and strong ROE.
Motilal Oswal Reports ₹569 Cr Q3 Profit; Declares ₹6 Interim Dividend
Motilal Oswal Financial Services (MOTILALOFS) reported a consolidated net profit of ₹569.16 crore for Q3 FY26, showing steady performance compared to ₹560.05 crore in the previous year. The company's total revenue from operations grew by approximately 11.9% year-on-year to ₹2,011.13 crore. A key highlight for shareholders is the declaration of an interim dividend of ₹6 per share (600% of face value). Additionally, the company successfully raised ₹300 crore through Non-Convertible Debentures (NCDs) during the quarter to bolster its capital position.
Key Highlights
Declared an interim dividend of ₹6 per equity share of face value ₹1 each for FY 2025-26. Consolidated revenue from operations rose to ₹2,011.13 crore in Q3 FY26 from ₹1,797.36 crore in Q3 FY25. Consolidated Net Profit for the quarter stood at ₹569.16 crore with a basic EPS of ₹9.42. Raised ₹300 crore through Private Placement of Non-Convertible Debentures (NCDs) during the quarter. Nine-month (9M FY26) consolidated net profit reached ₹2,100.61 crore.
💼 Action for Investors Investors should view the ₹6 interim dividend and steady revenue growth as signs of strong operational health. The stock remains a solid play in the diversified financial services sector with consistent shareholder payouts.
EARNINGS NEUTRAL 4/10
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.
EARNINGS NEGATIVE 7/10
Tips Films Q3 Results: Net Loss Narrows to ₹2.87 Cr; 9M Income Surges to ₹156.85 Cr
Tips Films reported a net loss of ₹2.87 crore for the quarter ended December 31, 2025, showing a sequential improvement from a ₹14.25 crore loss in Q2. However, quarterly revenue dropped sharply to ₹4.56 crore from ₹56.70 crore in the previous quarter, highlighting the inherent volatility in film release cycles. While nine-month total income surged to ₹156.85 crore from ₹14.98 crore year-on-year, the company remains in a net loss position of ₹12.38 crore for the period. The company also noted a one-time impact of ₹37.37 lakhs due to the implementation of New Labour Codes.
Key Highlights
Total income for Q3 FY26 fell to ₹456.29 Lacs from ₹5,670.40 Lacs in the preceding quarter. Net loss for the quarter narrowed to ₹286.87 Lacs compared to a loss of ₹1,425.15 Lacs in Q2 FY26. Nine-month total income saw a massive jump to ₹15,685.57 Lacs from ₹1,497.86 Lacs in the previous year. The company reported a net loss of ₹1,237.61 Lacs for the nine-month period ending Dec 2025 vs a profit of ₹1,269.17 Lacs YoY. Employee benefit expenses included a ₹37.37 Lakhs provision for past service costs under New Labour Codes.
💼 Action for Investors The company's performance remains highly volatile and dependent on the timing of film releases, making quarterly comparisons difficult. Investors should focus on the upcoming content pipeline and the company's ability to monetize its film library to achieve sustainable profitability.
MANAGEMENT POSITIVE 7/10
Tilaknagar Industries Appoints Rajesh Choudhary as CFO; Imperial Blue Sales Hit 1.79M Cases
Tilaknagar Industries has announced a significant leadership reshuffle, appointing Rajesh Choudhary as the new CFO. Mr. Choudhary brings 29 years of experience, including 22 years in the Alcobev industry with Pernod Ricard India. The company also reported that its newly acquired Imperial Blue Whisky brand achieved primary sales of 1.79 million cases in December 2025, its first month under the TI banner. These changes, along with several senior management re-designations, aim to strengthen governance and support the company's premiumization and expansion strategy.
Key Highlights
Rajesh Choudhary appointed as CFO, bringing 22 years of Alcobev industry experience from Pernod Ricard India. Imperial Blue Whisky recorded strong primary sales of 1.79 million cases in December 2025. Former CFO Abhinav Gupta transitioned to Chief of Internal Audit to oversee risk management and governance. Multiple leadership re-designations across Legal, Strategy, Sales, and Manufacturing to align with strategic growth.
💼 Action for Investors Investors should view the leadership strengthening and the immediate volume success of the Imperial Blue acquisition as positive indicators. Monitor the upcoming quarterly results to see how this volume growth impacts the bottom line.
MANAGEMENT POSITIVE 7/10
Tilaknagar Industries Reshuffles Leadership; Appoints Rajesh Choudhary as CFO
Tilaknagar Industries has announced a significant management restructuring following its acquisition of the Imperial Blue business. Mr. Rajesh Choudhary, a veteran with over 29 years of experience including 22 years in the Alcobev industry at Pernod Ricard, has been appointed as the new Chief Financial Officer. The outgoing CFO, Mr. Abhinav Gupta, will transition to a new role as Chief of Internal Audit. This organizational change includes several re-designations at the 'Chief' level across sales, strategy, and legal functions to streamline operations post-acquisition.
Key Highlights
Mr. Rajesh Choudhary appointed as CFO, bringing 22+ years of Alcobev experience from Pernod Ricard India. Management reshuffle triggered by the organizational needs following the Imperial Blue business acquisition. Outgoing CFO Mr. Abhinav Gupta transitions to Chief of Internal Audit, maintaining his status as Senior Management. Key re-designations include Chief Sales Officer, Chief Strategy Officer, and Head of Legal to strengthen the leadership tier. Mr. Sai Amrutkumar Vegisetti (CIO) formally included in the Senior Management Personnel (SMP) category.
💼 Action for Investors The induction of an industry veteran from a global major like Pernod Ricard as CFO is a positive signal for financial governance. Investors should view this as a strengthening of the execution team for the company's next growth phase.
Insecticides (India) Promoters Transfer 67.65% Stake to Family Trusts for Succession Planning
The promoter group of Insecticides (India) Limited has completed an internal reorganization, transferring 1,96,83,052 equity shares, representing 67.65% of the company's share capital, to four family trusts. This transfer was executed as a gift at nil value for the purpose of succession planning and streamlining family assets. The transaction was conducted following a specific exemption granted by SEBI in December 2025, ensuring no open offer was triggered. Since this is an internal reshuffle within the promoter group, the total promoter shareholding remains unchanged.
Key Highlights
Transfer of 1,96,83,052 equity shares (67.65% stake) to family-controlled trusts. Sanskriti Family Trust emerged as the largest holder among the trusts with a 64.66% stake. Transaction executed as an off-market gift with zero monetary consideration. Exemption granted by SEBI under Regulation 11(5) of SAST Regulations to facilitate the transfer. Move is aimed at long-term succession planning and internal reorganization of promoter assets.
💼 Action for Investors This is a routine internal restructuring for succession planning and does not change the company's fundamentals or management control. Investors should treat this as a neutral event.
Kriti Industries Forfeits Rs 25.24 Crore as 63.69 Lakh Promoter Warrants Lapse
Kriti Industries has announced the cancellation of 63,69,000 convertible warrants as the Promoter Group failed to exercise their conversion option within the stipulated 18-month period. Consequently, the company has forfeited the 25% upfront payment amounting to Rs 25.24 crore, which will be added to the company's reserves. While this represents a significant one-time cash gain and prevents equity dilution, it also means the company will not receive the remaining 75% of the capital infusion originally planned at Rs 158.50 per share.
Key Highlights
63,69,000 convertible warrants lapsed and were cancelled effective January 26, 2026 Company forfeited Rs 25,23,71,625 (25% of the warrant issue price) The warrants were originally issued to the Promoter Group at a price of Rs 158.50 per share No equity shares were allotted for these specific warrants, preventing potential dilution The forfeiture follows the expiry of the mandatory 18-month conversion window
💼 Action for Investors Investors should view the Rs 25.24 crore forfeiture as a positive non-dilutive cash addition to the balance sheet. However, the promoters' decision not to convert warrants at Rs 158.50 warrants a review of the current market valuation versus the warrant strike price.
NALCO to Conduct Q3 FY26 Earnings Conference Call on January 30, 2026
National Aluminium Company Limited (NALCO) has scheduled an earnings conference call for January 30, 2026, at 5:00 PM IST. The session is intended to discuss the company's financial performance and business outlook following the release of results for the quarter and nine months ended December 31, 2025. This is a standard regulatory procedure to engage with analysts and institutional investors. No unpublished price sensitive information is expected to be disclosed during the call.
Key Highlights
Earnings conference call scheduled for January 30, 2026, at 17:00 hours IST. Focus on unaudited financial results for Q3 and the nine-month period ended December 31, 2025. Management to provide commentary on business operations and future outlook. The meeting is subject to change or cancellation due to unforeseen exigencies.
💼 Action for Investors Investors should monitor the call for management's perspective on global aluminium price trends and production cost efficiency. The commentary will be vital for assessing the company's margin sustainability in the current commodity cycle.