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8m ago
Railway Wans
TITAGARHTITAGARH WAGONS LTD.

Titagarh Rail Systems: No Deviation in Convertible Warrant Fund Utilization

Corporate Governance

Titagarh Rail Systems Ltd confirms no deviation in the utilization of proceeds from its convertible warrants issuance for the quarter ended September 30, 2026. The funds, raised via preferential issue on November 4, 2025, totaling ₹199.99 Crores (with ₹49.99 Crores received upfront as of June 30, 2026), were intended for working capital loan repayment, general corporate purposes, and reimbursement of capital expenditure. The company reported that ₹50.00 Crores were utilized for reimbursement of capital expenditure during the quarter, with no deviation from the stated objects.

18m ago
Railway Wans
TITAGARHTITAGARH WAGONS LTD.

Titagarh Rail Systems Declares Unaudited Financial Results for Q2 FY27

Quarterly Result

Titagarh Rail Systems Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results, along with the limited review report from the auditors, Price Waterhouse & Co Chartered Accountants LLP. The meeting was held on November 10, 2026. The results are available on the company's website.

18m ago
IT Enabled Services
EKENNISEkennis Software Service Ltd

Ekennis Software to consider un-audited Financial Results on Nov 14, 2026

Board Meeting

Ekennis Software Service Ltd has announced that a meeting of its Board of Directors is scheduled for November 14, 2026. The primary agenda item is to consider and approve the un-audited financial results for the half-year ended September 30, 2026, along with the limited review report. In line with SEBI regulations, the company has also closed its trading window for designated persons from October 1, 2026, until 48 hours after the declaration of these financial results.

18m ago
Railway Wans
TITAGARHTITAGARH WAGONS LTD.

Titagarh Rail Systems: Monitoring Agency Report for Q2 FY27

Corporate Governance

Titagarh Rail Systems Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by CARE Ratings Limited, pertains to the utilization of proceeds from a Preferential Issue of 21,11,932 Convertible Warrants to the Promoter Group, which aggregated to Rs. 199.99 crores. The report confirms no deviation from the stated objects for the utilization of these funds during the specified quarter. The company will also make this information available on its website.

28m ago
Telecom - Cellular & Fixed line services
RCOMRELIANCE COMMUNICATIONS LTD.

RCom & RTL Face Partial Bank Guarantee Encashment by DoT

Regulatory

Reliance Communications Ltd (RCOM) and its subsidiary Reliance Telecom Limited (RTL) have received communications from the Department of Telecommunications (DoT) seeking partial encashment of Bank Guarantees. The DoT is requesting encashment due to non-payment of outstanding, non-litigated Spectrum Usage Charges (SUC) dues. For RTL, Punjab National Bank is asked to encash ₹9,72,222 out of a ₹1,45,37,000 Bank Guarantee. For RCOM, State Bank of India is asked to encash ₹65,602 out of a ₹2,08,21,000 Bank Guarantee. The total amount sought for encashment is ₹26,62,824. RCOM is currently examining the financial and legal implications of these demands, especially in light of its ongoing Corporate Insolvency Resolution Process (CIRP).

28m ago
Railway Wans
TITAGARHTITAGARH WAGONS LTD.

Titagarh Rail: consol PAT +49% YoY to ₹63 Cr as margins expand on passenger-rail ramp

Quarterly Result

Titagarh Rail Systems' consolidated revenue was effectively flat YoY at ₹792.56 Cr (-0.8% vs ₹799.03 Cr) but up 3.6% QoQ (₹765.07 Cr), while consolidated PAT rose to ₹63.20 Cr. Against the restated year-ago PAT of ₹42.43 Cr (Note 4 corrects a JV equity-loss figure tied to Firema that was originally reported as part of a ₹37.00 Cr PAT), YoY growth is ~49%; read against the stale ₹37.00 Cr base in our prior records it would overstate growth at ~71%, so the restated comparison is the one to use. QoQ, PAT is up 20.2% on ₹52.58 Cr. No exceptional items hit this quarter, unlike the ₹53.96 Cr Firema-related provision booked in the year-ago half-year. The entire profit story sits in segment mix, not topline growth. Freight Rail Systems revenue fell 29% YoY to ₹472.63 Cr with segment PBIT down 33% to ₹51.95 Cr — the wheel-set supply constraint management flagged on the August concall has materialised. Passenger Rail Systems more than offset it: revenue surged 146% YoY to ₹300.18 Cr and segment PBIT swung to ₹50.39 Cr from ₹13.98 Cr a year ago. That mix shift lifted consolidated operating margin (segment PBIT/revenue) to roughly 12.9% this quarter from about 10.5% a year ago and 12.6% last quarter, and net margin to 7.9% from roughly 4.6-5.2% a year ago (restated/original bases respectively). This is precisely the trajectory management described in August — FY27-FY28 as the passenger-rail ramp-up years, margins moving from 11-12% toward a 15% medium-term target via backward integration in propulsion and aluminium coaches — though the quarter's margin print is still short of that 15% goal. No consensus estimates for this specific quarter turned up in search, so the beat/miss call versus Street is unknown; management gives no quarter-specific numerical guidance beyond the medium-term margin framework already cited. The print is broadly consistent with the cautious-tone, neutral-near-term commentary from the last call: freight headwinds showed up as warned, and the passenger ramp delivered. Within the quarter, the company bagged a ₹1,716.9 Cr additional wagon order (Oct 28, 2026), adding to the freight order book even as near-term freight volumes and margins stayed soft, and formed a JV with BHEL for Vande Bharat maintenance (Sept 15, 2026), extending its footprint into passenger-rail services. No management press release was available in our records to cross-check against the print. Standalone PAT of ₹63.44 Cr (EPS ₹4.71) is within 1% of the consolidated figure, so there is no material standalone-consolidated divergence to flag. The next checkpoint is whether margin keeps climbing toward the 15% medium-term target as the passenger ramp scales further, and whether freight volumes begin recovering as wheel-set supply constraints ease and the new ₹1,716.9 Cr order converts to revenue.

28m ago
Pharmaceuticals
DESHRAKDESH RAKSHAK AUSHDHALAYA LTD.

Desh Rakshak Aushdhalaya Board Meeting on Nov 14

Board Meeting

Desh Rakshak Aushdhalaya Limited has announced a Board of Directors meeting scheduled for November 14, 2026. The meeting will primarily focus on considering and approving the Un-Audited Financial Results for the quarter and half-year ended September 30, 2026, along with the Statement of Assets and Liabilities and Cash Flow Statement. A Limited Review Report on these financial results will also be presented for approval. Additionally, the board will discuss and potentially approve an updated policy for determining materiality, in line with SEBI regulations. The trading window for designated persons will remain closed from October 1, 2026, until 48 hours after the declaration of financial results.

28m ago
Speciality Retail
ABFRLAditya Birla Fashion and Retail Ltd

ABFRL: Sunirmal Talukdar Ceases as Independent Director

Management Change

Aditya Birla Fashion and Retail Ltd (ABFRL) announced the completion of Mr. Sunirmal Talukdar's second consecutive term as an Independent Director. He will cease to hold the position effective November 10, 2026. The company expressed its appreciation for his contributions during his tenure. This change is a routine completion of tenure and does not involve resignation or removal.

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