Impact Events

NIIT Learning Systems Subsidiary to be Dissolved
NIIT Learning Systems Limited announced that its step-down wholly owned subsidiary, MST Holding GmbH, Germany, has decided to voluntarily dissolve and wind up its own subsidiary, MST Shanghai Co. Limited, effective August 31, 2026. MST Shanghai has been an inoperative entity since its acquisition by NIIT (Ireland) Limited in July 2025. The dissolution is subject to regulatory approvals and customary procedures. The company stated this action will not materially impact its operations or financial statements and is intended to streamline the corporate structure. It will also not alter the shareholding pattern of other subsidiaries.

Mach Travel Solutions Launches Public Beta for OTA Platform
Mach Travel Solutions Limited has opened its B2C Online Travel Agency (OTA) platform, Machtravel.com, and its mobile application for public beta testing. This initiative allows users to explore various travel services including flights, hotels, holidays, cruises, and visa services before the full commercial launch. The company aims to gather user feedback to refine the platform's functionality and user experience. This move is part of Mach Travel's strategy to build a comprehensive travel ecosystem, integrating its existing B2B services with a new digital B2C offering.

Britannia Industries: CIO Retires, New CDIO Appointed
Britannia Industries Ltd announced a change in its senior management. Mr. Susheel Navanale, the Chief Information Officer, will retire effective September 30, 2026. Following this, the Board of Directors has approved the appointment of Mr. Rejin Surendran as the Chief Digital and Information Officer (Designate) starting September 1, 2026, and he will assume the full role from October 1, 2026. Mr. Surendran brings over 24 years of experience in digital and technology transformations, having previously held senior roles at Wipro Enterprises, Coca-Cola's Bottling Investments Group, and Unilever.

Mach Travel Solutions Launches Public Beta for OTA Platform
Mach Travel Solutions Limited has announced the commencement of public beta testing for its B2C Online Travel Agency (OTA) platform, Machtravel.com, and the Mach Travel mobile application. This milestone is a significant step in the company's strategy to build a comprehensive travel ecosystem. The beta phase allows public access for testing and feedback on user experience, functionality, and the booking journey before the full commercial launch. Users may encounter slower responsiveness or ongoing feature development during this period. The company encourages stakeholders and the public to participate and provide valuable input for platform enhancement.

Explicit Finance Director Ms. Vandana Kalokhe Resigns
Explicit Finance Ltd announced the resignation of Ms. Vandana Kalokhe as an Additional Director (Non-Executive Independent Category) with immediate effect from August 31, 2026. The resignation is attributed to her preoccupation with work and is not due to any other reason. Ms. Kalokhe was appointed on June 16, 2026, subject to shareholder approval, for a term of five years. She possesses expertise in accounting and finance, with prior experience at ONGC and as a consultant for NBFCs. The company has submitted the necessary disclosures as per SEBI (LODR) Regulations, 2015.

Neogen Chemicals Subsidiary Sells Undertaking for ₹245 Crore
Neogen Ionics Limited (NIL), a wholly owned subsidiary of Neogen Chemicals Limited, has approved the execution of a Business Transfer Agreement (BTA) with Neogen Morita New Materials Limited (NML), a step-down wholly owned subsidiary. The agreement involves the sale/transfer of an undertaking/assets by NIL to NML on a going concern basis for a lumpsum consideration of ₹245 Crore. The transaction, which is considered a related party transaction but done at arm's length, is subject to shareholder and regulatory approvals. The undertaking contributed Nil revenue but 19.05% of the consolidated net worth of Neogen Chemicals as of March 31, 2026. Completion is expected by March 31, 2027.

Wardwizard Healthcare Appoints Two New Directors to Board
Wardwizard Healthcare Ltd announced the appointment of two new directors to its Board of Directors following a meeting on August 31, 2026. Ms. Sathi Kundu has been appointed as an Additional Independent Woman Director for a term of 5 years, effective August 31, 2026. Mr. Yuvraj Priyadarshi, who was previously appointed as an Additional Director and CEO, has had his appointment as Whole-time Director approved, effective September 30, 2026, subject to shareholder approval. Both appointments are in compliance with SEBI regulations.

Persistent Systems receives 'A' ESG Rating from SES ESG Research
Persistent Systems Limited has received an ESG Rating of 'A' with a score of 83.3 for FY 2025-26 from SES ESG Research Private Limited. This rating was voluntarily issued by the agency, a SEBI-registered Category-II ESG Rating Provider and a wholly owned subsidiary of Stakeholders Empowerment Services. The assessment is based on the company's disclosures for FY 2025-26 and publicly available information. This voluntary rating signifies the company's commitment to environmental, social, and governance standards.

Swelect Energy Transfers 26% Stake in ESG Solar to Garg Acrylics
Swelect Energy Systems Ltd has transferred 26% equity shares (2600 shares) of its wholly-owned subsidiary, ESG Solar Energy Private Limited, to Garg Acrylics Limited for ₹31,00,000. ESG Solar is yet to commence commercial operations and has NIL turnover and income, with a negative net worth of ₹7.83 lakhs as of FY2025-2026. Post-transfer, ESG Solar will become a subsidiary of Swelect Energy. The transaction is not considered a related party transaction and does not fall under a slump sale.

Hexagon Nutrition Announces 33rd AGM on Sep 22, 2026
Hexagon Nutrition Ltd has announced its 33rd Annual General Meeting (AGM) will be held on Tuesday, September 22, 2026, at 11:30 AM IST via video conferencing. The company has also released its Annual Report for the financial year ended March 31, 2026. The report highlights a revenue of ₹3,826 million, EBITDA of ₹529 million, and Profit After Tax (PAT) of ₹379 million, representing significant year-on-year growth. The company's recent IPO listing on June 12, 2026, on NSE and BSE, with an issue price of ₹45 per share, is noted as a key milestone. The report emphasizes Hexagon Nutrition's focus on "Creating Value Through Better Nutrition" by leveraging science, innovation, and quality across its product portfolio, including micronutrient premixes and therapeutic foods.

Bajel Projects Executive Director Retires
Bajel Projects Ltd announced the retirement of Mr. Ajay Suresh Nagle, Executive Director, effective August 31, 2026, upon completion of his tenure. The company expressed gratitude for his contributions and guidance during his service. This retirement follows an earlier intimation and is in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Wardwizard Healthcare Approves Issuance of 1.25 Cr Warrants
Wardwizard Healthcare Ltd's Board of Directors has approved the issuance of up to 1,25,00,000 fully convertible warrants on a preferential basis. The warrants will be issued at ₹10 per warrant, aggregating up to ₹12,50,00,000. Each warrant is convertible into one equity share of face value ₹10. The issuance is subject to shareholder and regulatory approvals. The warrants are convertible within 18 months of allotment, with unconverted warrants and subscription amounts subject to forfeiture. Proposed allottees include promoters Yatin Sanjay Gupte and Sheetal Mandar Bhalerao, along with several non-promoter group entities.

Ganga Papers Appoints K.N. Chaubey & Associates as Cost Auditor
Ganga Papers India Ltd has appointed M/s K.N. Chaubey & Associates as its Cost Auditor for the financial year 2026-27. The decision was made by the Board of Directors on August 31, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The firm, established in 2017, is a multi-locational practice offering a range of services including cost audit, maintenance of cost records, inventory valuation, and tax-related services. They confirmed they meet the eligibility criteria under the Companies Act, 2013, and maintain an arm's length relationship with the company.

Tata Steel Divests Jamshedpur Football Subsidiary
Tata Steel Limited has completed the divestment of its entire 100% stake in its wholly-owned subsidiary, Jamshedpur Football and Sporting Private Limited (JFSPL), to Churchill Brothers Sports Club Private Limited. This transaction follows the execution of a Share Purchase Agreement and receipt of necessary approvals. JFSPL is no longer a subsidiary of Tata Steel. Despite this divestment, the company reaffirms its commitment to sports development in India, pledging further investment in its sporting infrastructure, including the Tata Football Academy and youth training centers, and highlighting its broader legacy across 19 sports disciplines.

Texmaco Rail CFO Kishor Kumar Rajgaria relieved from duties
Texmaco Rail & Engineering Ltd announced that its Chief Financial Officer, Shri Kishor Kumar Rajgaria, has been relieved from his services. His cessation from the company is effective from the close of business hours on Monday, August 31, 2026. This follows an earlier intimation dated July 14, 2026, regarding his resignation. The company confirmed that all details required under SEBI regulations were previously disclosed to the stock exchanges.













