Impact Events
Career Point Edutech Issues Corrigendum for 20th AGM Notice
Career Point Edutech Limited has issued a corrigendum to the notice of its 20th Annual General Meeting (AGM) and the Annual Report for FY 2025-26. The company identified inadvertent omissions and clerical errors in the PDF version of the Annual Report and AGM notice submitted to the stock exchanges and hosted on its website. These corrections are non-material and do not impact the company's financial statements, financial position, performance, or the resolutions to be voted on at the AGM. The revised Annual Report and corrigendum have been attached and made available on the company's website.
KMEW Secures ₹279.33 Cr Green Tug Contract from Mumbai Port
Knowledge Marine & Engineering Works Ltd (KMEW) has received a significant work order from Mumbai Port Authority (MbPA) for the chartering of a 60 Ton Bollard Pull Capacity New Battery Operated Electric Green Tug. The contract, valued at ₹279.33 Crores including GST, spans a period of 15 years. This marks KMEW's third Green Tug contract, reinforcing its position in India's burgeoning green maritime sector. The company will leverage its subsidiary, Knowledge Shipyard Limited, for construction and will manage operations, maintenance, and technical aspects. This order aligns with India's Green Tug Transition Programme and the 'Make in India' initiative, showcasing KMEW's integrated capabilities from shipbuilding to asset management.
Career Point Edutech Corrects Annual Report Disclosures
Career Point Edutech Limited has issued a corrigendum to its Annual Report for FY 2025-26. The revision addresses inadvertent omissions and corrections in disclosure-related information, particularly within the Notice of AGM and Minimum Information disclosures. The company clarifies that these changes are non-material and do not impact the financial statements, financial performance, or voting rights of shareholders. A revised Annual Report has been attached and made available on the company's website.
Anupam Rasayan Approves ₹160 Cr NCD Issue
Anupam Rasayan India Ltd's Board of Directors has approved the issuance of up to 16,000 Non-Convertible Debentures (NCDs) aggregating to ₹160 crore. These INR-denominated, secured, rated, unlisted, and redeemable NCDs will be issued on a private placement basis at par. The proceeds are intended for repayment of existing debt, investment in group companies, or general corporate purposes. The issuance is secured by a first-ranking exclusive pledge over certain identified shares, a charge over an escrow account with Axis Bank, and other instruments. The board meeting was held on September 19, 2026.
ACME Solar Incorporates Wholly Owned Subsidiary
ACME Solar Holdings Ltd has announced the incorporation of a new wholly owned subsidiary, "ACME Greentech Twenty Nine Private Limited". This subsidiary has been established with the objective of undertaking businesses related to the development, establishment, and operation of power generation and renewable energy projects. The incorporation was completed on September 18, 2026, with an initial paid-up share capital of ₹1,00,000, fully subscribed in cash by the parent company. This move signifies ACME Solar's strategic expansion within the renewable energy sector.
Anupam Rasayan Approves ₹160 Cr NCD Issue via Private Placement
Anupam Rasayan India Ltd's Board of Directors has approved the issuance of up to 16,000 Non-Convertible Debentures (NCDs) aggregating to ₹160 crore on a private placement basis. These NCDs will be INR denominated, secured, rated, unlisted, and redeemable. The issuance aims to raise funds for repayment of existing debt facilities, investment in group companies, or general corporate purposes. The NCDs will be secured by a first-ranking exclusive pledge over certain identified shares, a charge over an escrow account with Axis Bank, a demand promissory note, and letters of continuity. The Board meeting where this was approved was held on September 19, 2026.
Utkarsh Small Finance Bank Appoints Manmohan Shetty as CFO
Utkarsh Small Finance Bank Ltd announced the appointment of Mr. Manmohan Shetty as its new Chief Financial Officer and Key Managerial Personnel. The decision was approved by the Board of Directors during their meeting held on September 19, 2026, based on recommendations from the Audit Committee and Nomination and Remuneration Committee. Mr. Shetty brings over two decades of experience in banking, NBFCs, and financial services, having held leadership positions at Viksit Capital, Barclays Bank, and Lehman Brothers. He is a Chartered Accountant and holds a Commerce degree from Mumbai University. The appointment is effective from September 19, 2026.
Utkarsh SFB Appoints Manmohan Shetty as CFO
Utkarsh Small Finance Bank Ltd announced the appointment of Mr. Manmohan Shetty as its Chief Financial Officer and Key Managerial Personnel. The decision was approved by the Board of Directors following recommendations from the Audit Committee and Nomination and Remuneration Committee. Mr. Shetty brings over two decades of experience in banking and financial services, having held leadership roles at Viksit Capital, Barclays Bank, and Lehman Brothers. He is a Chartered Accountant and holds a Commerce degree from Mumbai University. His appointment is effective from September 19, 2026.
Shree Rajeshwaranand Paper Mills approves preferential allotment
Shree Rajeshwaranand Paper Mills Ltd. announced that its Board of Directors, in a meeting held on September 19, 2026, approved a revised list of allottees for a preferential issuance of 1,20,00,000 equity shares. This issuance represents approximately 94.81% of the post-allotment capital. The company will apply to BSE Limited for in-principle approval for the listing of these shares. This move is in furtherance of an equity infusion/restructuring proposal considered earlier and aims to raise capital through the issuance of shares with a face value of Rs. 10 each, aggregating to Rs. 12,00,00,000.
Shree Rajeshwaranand Paper Mills Revises Allottees for Preferential Issue
Shree Rajeshwaranand Paper Mills Ltd announced the outcome of its Board meeting held on September 19, 2026. The Board approved a revised list of allottees for a preferential issue of 1,20,00,000 equity shares, representing approximately 94.81% of the post-allotment capital. This action is in continuation of a previous Board meeting and is in accordance with an NCLT order. The company will also apply to BSE for in-principle approval for listing these shares. This preferential issue is part of a broader equity infusion/restructuring proposal.
ARCL Organics Holds 34th AGM on Sep 19, 2026
ARCL Organics Limited conducted its 34th Annual General Meeting (AGM) on September 19, 2026, via Video Conferencing. The meeting commenced at 03:30 p.m. and concluded at 04:38 p.m. IST. Key management personnel, including the Chairman and Managing Director, Whole Time Directors, CFO, and Company Secretary, were present. The Statutory Auditor and Scrutinizer also attended. Fifty-six members, representing 31,61,699 equity shares, participated. The Chairman briefed attendees on the financial performance for the fiscal year ended March 31, 2026. The meeting confirmed the presence of the requisite quorum and proceeded with discussions, allowing registered speakers to raise queries. The reports of the Statutory Auditors and Secretarial Auditor for FY26 had no qualifications.
Belding India Partners for North America Modular Data Center Expansion
Belding India Limited has entered into a strategic partnership with a US-based technology distribution and OEM supply partner to expand its modular data center business across North America. The partner will exclusively market, distribute, integrate, and support Belding's modular data center systems in the United States, Canada, and Mexico. This collaboration covers complete modular data center solutions, including controls, components, and spare parts, offered under Belding's brand and on an OEM/ODM basis. This move is a significant step in Belding's international expansion strategy, leveraging its India-engineered capabilities for key North American markets.
Birla Corp Subsidiary Receives ₹15 Cr GST Show Cause Notice
Birla Corporation Ltd's wholly owned subsidiary, RCCPL Private Limited, has received a Show Cause Notice (SCN) from the Additional Commissioner, Central Goods & Services Tax and Central Excise, Jabalpur. The notice pertains to the alleged availment of excess/ineligible Input Tax Credit amounting to ₹15,02,51,383/- for the financial year 2022-23, along with applicable interest and penalty. The SCN is related to the non-reflection of Bills of Entry in GSTR-2B within the statutory time limits. The company believes the SCN lacks merit and intends to submit its defense. At present, there is no expected financial impact on RCCPL's operations.
Coforge Launches Value Gates Framework for AI Investments
Coforge Limited has introduced the Value Gates Framework, a new methodology designed to help enterprises maximize the business value derived from their Artificial Intelligence investments. This framework provides a structured approach to evaluate AI initiatives against measurable business outcomes, moving beyond pilot phases to ensure tangible results. It focuses on criteria such as business impact, user adoption, governance, data readiness, operational feasibility, and return on investment. The company aims to shift focus from effort-based projects to outcome-led initiatives, enabling better investment decisions and reducing risks associated with scaling less impactful AI programs. Coforge has also published a thought leadership paper detailing the framework's principles and implementation guidance.
ICICI Prudential Life Insurance Renames to ICICI Life Insurance
ICICI Prudential Life Insurance Company Ltd has officially changed its name to ICICI Life Insurance Limited following approval from its members through a postal ballot process. The change, effective upon issuance of a fresh certificate of incorporation by the Registrar of Companies, involves consequential alterations to the company's Memorandum and Articles of Association. The special resolution for the name change and associated amendments was approved with a requisite majority on September 19, 2026. This rebranding signifies a strategic shift for the company.