
Schaeffler India CEO Released on Bail, Investigation Stayed
Schaeffler India Ltd has provided an update regarding its CEO & Managing Director, Mr. Harsha Gopal Kadam, who was previously taken into custody. The Talegaon MIDC Police Station has dropped charges under Section 105 of the Bharatiya Nyaya Sanhita, 2023, which was the only non-bailable offense. Mr. Kadam has been released on bail. Furthermore, the Hon'ble High Court of Bombay has granted an interim order staying further investigation against Mr. Kadam and has directed the authorities not to file any chargesheet. A copy of this interim order is awaited.

Imec Services Clarifies Significant Stock Price Movement
Imec Services Ltd has responded to an inquiry from BSE regarding a significant movement in its stock price. The company stated its commitment to complying with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been making all necessary disclosures of material events. Imec Services clarified that stock price fluctuations are driven by market conditions, demand and supply, and other market-related factors over which the company has no control. They affirmed their continued adherence to all applicable disclosure obligations.

Onix Solar Energy Clarifies XBRL Filing Discrepancies
Onix Solar Energy Ltd has issued a clarification regarding discrepancies between its revised XBRL filings and PDF submissions for the financial year ended March 31, 2026. The company noted that changes made to financial figures, including net profit/loss, paid-up equity share capital, and EPS, led to inconsistencies. These revisions were made following a Board Meeting on September 7, 2026. Onix Solar is working to reconcile the figures and rectify the XBRL filings to match the Board-approved financial results. The company has provided the relevant financial results in PDF format for verification.

Hindustan Foods Receives ₹17.15 Lacs Tax Demand Order
Hindustan Foods Ltd has received a demand order dated October 22, 2026, from the Government of Tamil Nadu Commercial Taxes Department for the Financial Year 2022-23. The order, issued under Section 73 of the CGST/SGST Act, 2017, pertains to ineligible Input Tax Credit (ITC) and certain claimed ITC. The total demand amounts to ₹17,14,896 (₹17.15 Lacs), comprising tax and penalty of ₹14,43,996 (₹14.44 Lacs) and interest of ₹2,71,752 (₹2.72 Lacs). The company stated that there is no material impact on its financials, operations, or other activities and is in the process of contesting the order.

Zenith Exports Ltd: Waiver Application Rejected, ₹7.73 Lakh Fine Paid
Zenith Exports Ltd announced the rejection of its waiver application by the National Stock Exchange of India Limited (NSE) concerning a fine of ₹7,72,900 (including GST). The fine was imposed for alleged non-compliance with Regulation 17(1) of SEBI Listing Regulations for consecutive quarters ended December 31, 2025, and March 31, 2026. The company has since paid the full fine amount on October 23, 2026, following the NSE's notification on October 19, 2026. The BSE had initially acted as the designated exchange for processing the waiver application, but its decision was not favorable, leading to the NSE's final rejection.

Tilaknagar Industries: DRI Initiates Search Proceedings
Tilaknagar Industries Ltd announced that the Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit, initiated search proceedings on October 22, 2026. This action is part of an industry-wide review concerning the applicability of HSN Codes for the import of bulk Scotch. The search was conducted at the company's Corporate Office and one manufacturing facility. The company stated that there is no impact on its financial or operational activities as of now and has extended full cooperation to the DRI.

GPL Monitoring Agency Report: QIP Proceeds Utilization
Godrej Properties Limited (GPL) has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by ICRA Limited, confirms that the utilization of proceeds from the Qualified Institutional Placement (QIP) is in line with the objects of the issue, with no material deviation. The QIP, which opened on November 27, 2024, and closed on December 02, 2024, raised approximately ₹6,000 Crore. The actual net proceeds were ₹5,921.00 Crore, slightly higher than initially estimated due to lower-than-expected issue-related expenses.

Finkurve Financial Services Clarifies NCD Interest Payment Filing Error
Finkurve Financial Services Ltd has issued a clarification regarding a corporate announcement for interest payment to its Non-Convertible Debenture (NCD) holders. The company inadvertently uploaded this announcement under the 'Regulation 50(1) – Prior Intimation about Board Meeting' tab instead of the correct category, 'Regulation 57(1) – Certificate of Interest Payment/Principal in case of NCD.' Finkurve Financial Services confirms no Board Meeting was intended for this purpose and requests the exchange to disregard the previous filing (Ann Id: 14641482). A correct disclosure will be made immediately under the appropriate category. The company regrets the inadvertent error.

Rita Finance Clarifies Share Price Movement
Rita Finance and Leasing Limited has responded to the stock exchange's query regarding a significant movement in its share price. The company confirmed its compliance with all exchange regulations and stated that the share price is determined by market forces of supply and demand, which are beyond its control. Rita Finance assured investors of its commitment to transparency, good corporate governance, and providing timely information.

Ashima Ltd Settles ₹7.5 Cr Dispute with HDFC Bank, BBK
Ashima Ltd has executed Consent Terms with HDFC Bank and Bank of Bahrain and Kuwait BSC to settle various legal cases pending since 2003. The settlement involves a net outflow of approximately ₹13.94 Crores. Ashima will pay ₹18.00 Crores to BBK, while receiving ₹4.06 Crores from HDFC Bank, which was held as a fixed deposit. The difference of ₹10.50 Crores will be accounted for as interest expense. This resolution aims to conclude prolonged litigation across multiple judicial forums.