Insights & News

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    JSLJindal Stainless Limited

    Jindal Stainless’ subsidiary takes a 40% stake in a 24 MW wind-solar power project

    Jindal Stainless Limited has told the exchanges that its wholly owned subsidiary, Chromeni Steels Limited (CSL), acquired an equity stake on 16 Oct 2026 in Oyster Green Hybrid Four Private Limited. This is a special purpose vehicle formed with Oyster Renewable Energy Private Limited to develop a 24 MW wind-solar hybrid captive renewable energy project that will supply power to CSL’s plant.

    • Mergers & acquisitions
    • Steel And Steel Products

    Blacklitt Research2 min read

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    JAINRECJain Resource Recycling Limited

    Jain Resource Recycling gives ₹150 crore of corporate guarantees for its subsidiary Jain Green Technologies

    Jain Resource Recycling Limited has told the exchanges that on 16 Oct 2026 it provided corporate guarantees aggregating ₹150 crore on behalf of its wholly owned subsidiary, Jain Green Technologies Private Limited. The guarantees are in favour of two lenders: ₹50 crore for Yes Bank Limited and ₹100 crore for RBL Bank Limited.

    • Agreement
    • Metals

    Blacklitt Research2 min read

    J&KBANKJammu & Kashmir Bank Ltd

    Jammu & Kashmir Bank completes the sale of its 0.5% stake in PNB MetLife at ₹117.20 a share

    The Jammu and Kashmir Bank Limited has told the exchanges that on 16 Oct 2026 it completed the sale of its shares in PNB MetLife India Insurance Company Limited at ₹117.20 per equity share, for an aggregate of ₹120,09,89,186 (about ₹120.1 crore). The transfer was made to MetLife International Holdings, LLC, and the sale consideration was remitted by the buyer.

    • Agreement
    • Insurance

    Blacklitt Research2 min read

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    ANUHPHRAnuh Pharma Limited

    Anuh Pharma signs a ₹72.90 crore asset transfer agreement to buy a Tarapur manufacturing plant

    Anuh Pharma Limited has told the exchanges that it signed an Asset Transfer Agreement on 16 Oct 2026 to buy the manufacturing facility of Vanquest Pharma Private Limited at F-10, MIDC, Tarapur, Boisar, District Palghar, Maharashtra. The agreed value of the assets is ₹72.90 crore, excluding applicable taxes and fees, and the company says it is paying cash.

    • Agreement

    Blacklitt Research2 min read

    ARE&MAmara Raja Energy & Mobility Limited

    Amara Raja Energy & Mobility’s GST appeal is rejected on a ₹1.89 crore input tax credit demand

    Amara Raja Energy & Mobility Limited has told the exchanges that the Additional Commissioner, Office of the Commissioner of Central Goods & Services Tax (Appeals), Meerut, has upheld an order against it. The appellate order is dated 15 Oct 2026 and was received by the company on 16 Oct 2026, and it was issued under Section 107 of the CGST/UPGST Act, 2017.

    • Legal
    • Auto Components

    Blacklitt Research2 min read

    HSCLHimadri Speciality Chemical Ltd

    Himadri Speciality Chemical’s September-quarter profit rises 31% to ₹231 crore as revenue grows 58%

    Himadri Speciality Chemical Limited has told the exchanges that it released its unaudited consolidated results for the quarter and six months ended 30 Sep 2026 on 16 Oct 2026. Net profit after tax for the September quarter was ₹231.32 crore, up 31% from ₹176.14 crore a year earlier, and revenue from operations rose 58% to ₹1,691.43 crore from ₹1,071.03 crore.

    • Earnings
    • Chemicals

    Blacklitt Research2 min read

    AXISCADESAXISCADES Technologies Limited

    AXISCADES names Uttam Kumar Bhageria as CFO-Designate ahead of the Group CFO’s retirement

    AXISCADES Technologies Limited has told the exchanges that its board, at a meeting on 16 Oct 2026, approved the appointment of Mr. Uttam Kumar Bhageria as Chief Financial Officer (CFO)-Designate with effect from 21 Oct 2026. The board acted on the recommendations of its Nomination and Remuneration Committee and its Audit Committee.

    • Management change

    Blacklitt Research2 min read

    VEDLVedanta Limited

    CRISIL reaffirms Vedanta’s AA+/Stable credit rating

    Vedanta Limited has told the exchanges that CRISIL Ratings Limited reaffirmed its credit ratings in a release dated 16 Oct 2026, published at about 5:45 PM IST. The rating is CRISIL AA+/Stable for its non-convertible debentures and long-term facilities, and CRISIL A1+ for its short-term facilities.

    • Credit rating

    Blacklitt Research2 min read

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    TEJASNETTejas Networks Ltd

    Tejas Networks’ standalone September-quarter revenue rises 55% to ₹405 crore as net loss narrows to ₹208 crore

    Tejas Networks Limited has told the exchanges that its board, at a meeting on 16 Oct 2026, approved the unaudited standalone and consolidated results for the quarter ended 30 Sep 2026, along with the limited review report. On a standalone basis, revenue from operations for the September quarter rose 55% to ₹404.91 crore from ₹261.37 crore a year earlier, and the net loss narrowed to ₹207.77 crore from ₹307.17 crore.

    • Earnings
    • Telecom

    Blacklitt Research2 min read

    IIFLCAPSIIFL Capital Services Limited

    IIFL Capital Services tells NSE there is no undisclosed information behind a news item on a ₹2 lakh SEBI penalty

    IIFL Capital Services Limited, formerly IIFL Securities Limited, has replied to the National Stock Exchange’s letter of 14 Oct 2026 seeking clarification on a news item titled “SEBI imposes 2 lakh penalty on IIFL Capital Services over online bond platform violations”. The company submitted its response on 16 Oct 2026.

    • Exchange query
    • Broking

    Blacklitt Research2 min read

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    SOLEXSolex Energy Limited

    Solex Energy says 12 proposed promoter shareholders’ agreements were not executed and will lapse

    Solex Energy Limited has told the exchanges that the proposed shareholders’ agreement between its existing shareholders, who are its promoters, has not been executed by the parties. The stipulated period for executing it expires on 16 Oct 2026. The disclosure was made on 16 Oct 2026 and continues an intimation the company made on 17 Apr 2026.

    • Legal
    • Renewable Energy

    Blacklitt Research1 min read

    GPTINFRAGPT Infraprojects Limited

    GPT Infraprojects’ subsidiary wins a ₹149.5 crore railway signalling contract

    GPT Infraprojects Limited has told the exchanges that its wholly owned subsidiary, Alcon Builders and Engineers Private Limited, has received a signalling contract from the Chief Signal and Telecom Engineer (CSTE) of Western Railway’s Bhavnagar Division. The contract is worth ₹149.50 crore including GST, or ₹126.70 crore excluding GST.

    • Order win

    Blacklitt Research2 min read