Impact Events
Fractal Analytics IPO Proceeds Monitoring Report for Q2 FY27
Fractal Analytics Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, issued by CARE Ratings Limited. The report confirms that the utilization of Initial Public Offer (IPO) proceeds, amounting to ₹1,023.50 crore, has been in line with the objects disclosed in the offer document, with no deviations reported. The company utilized ₹82.1 crore during Q2FY27 towards stated objects, including investment in its subsidiary Fractal USA, purchase of laptops, and setting up new office premises. The report was reviewed and taken on record by the Audit Committee and the Board of Directors.
Robokidz Eduventures: No IPO Fund Deviation for H1 FY27
Robokidz Eduventures Limited has filed a Statement of Deviation & Variation for the half-year ended September 30, 2026. The company reported no deviations or variations in the utilization of funds raised through its Initial Public Offer (IPO). The total amount raised was ₹3,108.77 Lacs (₹31.09 Crore). Funds were allocated for working capital requirements (₹2,345.73 Lacs), repayment of outstanding borrowings (₹220.00 Lacs), general corporate purposes, and issue expenses. The unutilized amounts are held in escrow and current accounts. The auditor's certificate confirms the statement's agreement with financial results and records.
Dhoot Transmission: Monitoring Agency Report for IPO Proceeds (Q2 FY27)
Dhoot Transmission Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Initial Public Offering (IPO). The report, issued by CARE Ratings Limited, confirms that the IPO proceeds have been utilized appropriately for the objects stated in the offer document. There were no deviations from the disclosed expenditures or changes in the means of finance for the stated objects. The company raised Rs. 3,066.89 crore through its IPO, with Rs. 1400 crore from the fresh issue.
Vrundavan Plantation: GST Inspection Initiated at Registered Office
Vrundavan Plantation Limited has informed that inspection/search proceedings were initiated at its registered office in Gujarat on November 3, 2026, under Section 67 of the Gujarat Goods and Services Tax Act, 2017. The company is cooperating with the Gujarat State GST officials. Currently, there is no material impact on the company's financials or business operations. Further disclosures will be made if any material update arises.
SKF India Q2 Revenue Up 20.1% to ₹5,958 Million
SKF India Limited announced its unaudited financial results for the second quarter ended September 30, 2026. Revenue from Operations surged by 20.1% year-on-year to INR 5,958 Million (₹595.8 Crore). EBITDA increased by 34.5% to INR 865 Million (₹86.5 Crore), and Profit Before Tax (PBT) grew by 77.2% to INR 698 Million (₹69.8 Crore). This performance was driven by strong demand across automotive segments and the recent launch of its new brand identity, SKF Vertevo. The company highlighted sustained momentum in the Indian automotive sector and a focus on customer partnerships, innovation, and sustainable growth.
Focus Business Solution Changes CIN Post MOA Alteration
Focus Business Solution Ltd has announced a change in its Corporate Identification Number (CIN) following the alteration of its Memorandum of Association (MOA) object clause. This change was approved by shareholders at the 19th Annual General Meeting held on September 28, 2026, and subsequently registered with the Ministry of Corporate Affairs. The new CIN is L70200GJ2006PLC049345, replacing the previous CIN L74140GJ2006PLC049345. This alteration formalizes the company's reclassification under the applicable National Industrial Classification (NIC) Code and will be reflected in all future corporate records and communications.
Diligent Media Q2 FY27 Results Approved with Modified Auditor Opinion
Diligent Media Corporation Ltd announced its Un-Audited Financial Results for the second quarter and half year ended September 30, 2026. The Board of Directors approved the results, which were prepared in accordance with Ind-AS and reviewed by M/s MGB & Co. LLP, Chartered Accountants. Notably, the auditors issued a limited review report with a modified opinion. The company reported a loss before tax of ₹253.20 Lakhs for the half year ended September 30, 2026. Key disclosures include a negative net worth as of September 30, 2026, and ongoing legal proceedings with SEBI. A significant inter-corporate deposit (ICD) of ₹17,340.27 Lakhs with Veena Investments Private Limited (VIPL) is being addressed through a proposed scheme of reduction and cancellation of Non-cumulative Non-convertible Redeemable Preference Shares (NCRPS).
Parag Milk Foods to merge wholly-owned subsidiary
Parag Milk Foods Limited announced a significant corporate restructuring following its Board Meeting on November 3, 2026. The company has approved a Scheme of Amalgamation to merge its wholly-owned subsidiary, Bhagyalaxmi Dairy Farms Private Limited, with itself. This merger is subject to the sanction of the National Company Law Tribunal (NCLT) and other necessary regulatory and shareholder approvals. In addition to the merger, the Board also approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The financial results showed revenue from operations of ₹1,215.42 Crores for the quarter and ₹2,135.89 Crores for the half-year ended September 30, 2026.
Clean Max Q2 FY27: Adj. EBITDA ₹553 Cr, PAT ₹65 Cr
Clean Max Enviro Energy Solutions Ltd has released its Shareholders' Letter for Q2 FY 2027, highlighting strong performance and future growth prospects. In H1 FY27, Adjusted EBITDA grew 56% to ₹1,047 crore, and PAT rose to ₹120 crore from ₹19 crore in H1 FY26. For Q2 FY27, Adjusted EBITDA increased 43% to ₹553 crore from ₹386 crore, and PAT grew 82% to ₹65 crore from ₹36 crore year-on-year. The company reiterated its guidance of a minimum Reported EBITDA of ₹3,000 crore in FY 2027-28. Key growth drivers include a 13.2 GW platform, an enhanced ability to raise capital through equity, joint ventures, and a recent ₹2,500 crore green bond issuance, and a strong ability to contract large volumes with corporate clients under long-term PPAs.
NSE Performs Bhoomi Pujan for New Mumbai Office Building
The National Stock Exchange of India (NSE) has performed the Bhoomi Pujan Ceremony for its new office building located at plot numbers C-81 and C-82, Block G, Bandra Kurla Complex, Mumbai. The plot, spanning approximately 10,995 square metres, has been leased for 80 years from the Mumbai Metropolitan Region Development Authority (MMRDA). The design for the new building, which aims to support NSE's long-term growth and expansion, was also unveiled. The ceremony was attended by NSE's Chairperson, MD & CEO, and senior leadership.
Diligent Media Reappoints Nagendra Bhandari, Elevates 3 to Senior Management
Diligent Media Corporation Ltd announced key management changes following a Board Meeting on November 3, 2026. Mr. Nagendra Bhandari has been re-appointed as Whole Time Director (Executive Director - Finance) for a three-year term from July 10, 2026, to July 09, 2029, subject to shareholder approval. Additionally, Mr. Anshu J Singh, Mr. Yogender Kumar, and Mr. Akual Chawla have been elevated to Senior Management Personnel (SMP) effective November 3, 2026. The company also plans to seek shareholder approval for the appointment of Ms. Aanchal David as an Independent Director for a five-year term via postal ballot. The Board meeting also confirmed the financial results for the second quarter and half-year ended September 30, 2026, which were submitted separately.
Shlokka Dyes: Deviation in IPO Fund Utilization
Shlokka Dyes Limited has reported a deviation in the utilization of its Initial Public Offering (IPO) proceeds for the half-year ended September 30, 2026. The company utilized ₹3,625.44 Lakhs (₹36.25 Crore) for working capital, exceeding the allocated ₹2,800.00 Lakhs (₹28.00 Crore) by ₹825.44 Lakhs (₹8.25 Crore). Additionally, ₹110.11 Lakhs (₹1.10 Crore) was used for civil work-related expenses, which was not a specified use in the prospectus. The Audit Committee noted these expenditures were for project implementation and operational requirements, and the company plans to regularize utilization. The statutory auditors have provided a certificate confirming the fund utilization.
Roadstar Infra Trust Secures ₹3,275 Cr Loan for Refinancing
Roadstar Infra Investment Trust has secured a secured Rupee Term Loan Facility of up to ₹3,275.3 crore from Union Bank of India and India Infrastructure Finance Company Limited. This facility is primarily intended for refinancing existing external borrowings of certain Trust SPVs through onward lending. An additional ₹150 crore is allocated for Debt Service Reserve Account (DSRA) requirements. The borrowing aligns with Unitholder approval obtained on July 17, 2026, and financing documents were executed on November 2, 2026. This move aims to optimize the Trust's debt structure.
Aarnav Fashions Appoints Lalchand Saharan as Additional Executive Director
Aarnav Fashions Ltd announced the appointment of Shri Lalchand Manfoolram Saharan as an Additional Executive Director, effective November 03, 2026. Saharan brings approximately 36 years of experience in manufacturing process management, production controlling, and accounting, with expertise in textile manufacturing. The company also approved and adopted its unaudited financial results for the quarter and six months ended September 30, 2026, along with the limited review report from its statutory auditors. Saharan holds 7,166 equity shares in the company and is not related to any existing directors.
Diligent Media Declares Un-Audited Results for Q2 FY27
Diligent Media Corporation Ltd announced its Un-Audited Financial Results for the second quarter and half year ended September 30, 2026. The Board of Directors approved the results, which were prepared in accordance with Ind-AS and reviewed by the statutory auditors with a modified opinion. The company noted a negative net worth as of September 30, 2026, but management believes the company can meet its obligations on a going concern basis. A significant inter-corporate deposit (ICD) with Veena Investments Private Limited (VIPL) and a related preference share redemption/cancellation scheme is pending approval. The company also disclosed ongoing proceedings with SEBI regarding alleged violations.