SAMMAAN CAPITAL: Co says There Are No Allegations Against Sammaan Capital
SC Asked CBI To Probe Allegations Vs Ex-Promoter
SC Asked CBI To Probe Allegations Vs Ex-Promoter
SAMMAAN CAPITAL Ceo Says Co Has Got Complete Clean Chit From All Agencies
TATA SONS AGM
Tata Sons Chairman N Chandrasekaran, director Anita George at Bombay House to attend AGM
Noel Tata and other directors have joined meeting virtually
Tata Sons Chairman N Chandrasekaran, director Anita George at Bombay House to attend AGM
Noel Tata and other directors have joined meeting virtually
GAS STOCKS ; GOVERNMENT ALLOCATES MORE CHEAPER APM GAS FOR DOMESTIC PNG
β½ Eligible City Gas Distributors (CGDs) to get additional 200 SCM of lower-priced APM natural gas for every incremental billed domestic PNG connection.
π New allocation will be effective from September 1, 2026.
π° Move aims to reduce dependence on costlier LNG and help CGDs offset elevated sourcing costs.
π Government aims to accelerate adoption of domestic piped natural gas (PNG).
π’ Impact: Positive for City Gas Distribution companies β potential reduction in gas sourcing costs and support for margins.
β½ Eligible City Gas Distributors (CGDs) to get additional 200 SCM of lower-priced APM natural gas for every incremental billed domestic PNG connection.
π New allocation will be effective from September 1, 2026.
π° Move aims to reduce dependence on costlier LNG and help CGDs offset elevated sourcing costs.
π Government aims to accelerate adoption of domestic piped natural gas (PNG).
π’ Impact: Positive for City Gas Distribution companies β potential reduction in gas sourcing costs and support for margins.
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SYRMA SGS FORMS JV WITH KAGA ELECTRONICS
π€ Incorporated Syrma Kaga Electronics Pvt Ltd (SKEPL) jointly with Kaga Electronics India.
π Syrma SGS will hold 60% stake, while Kaga Electronics India will hold 40%.
π° Syrma to invest βΉ60 lakh by subscribing to 6 lakh shares at βΉ10 each.
π JV will manufacture PCBs, semiconductors and other electronic components for various applications.
π’ Impact: Positive β expands electronics manufacturing capabilities through strategic JV.
π€ Incorporated Syrma Kaga Electronics Pvt Ltd (SKEPL) jointly with Kaga Electronics India.
π Syrma SGS will hold 60% stake, while Kaga Electronics India will hold 40%.
π° Syrma to invest βΉ60 lakh by subscribing to 6 lakh shares at βΉ10 each.
π JV will manufacture PCBs, semiconductors and other electronic components for various applications.
π’ Impact: Positive β expands electronics manufacturing capabilities through strategic JV.
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UAE's Defense Ministry detected two ballistic missiles launched from Iran.
MACQUARIE ON L&T FINANCE
OUTPERFORM | Target: βΉ400 | Initiates Coverage
Macquarie names L&T Finance its top pick in the NBFC space.
Stock trades at a 35β50% valuation discount to larger peers, offering scope for convergence.
Expects AUM CAGR of ~23% over FY26β28E.
Forecasts strong EPS CAGR of ~28% over the next 3 years.
RoA expected to expand ~40 bps to 2.7% by FY28E.
RoA improvement to be driven by credit-cost normalisation, ARC book wind-down & operating leverage.
Key catalysts: improving returns and strong EPS growth.
OUTPERFORM | Target: βΉ400 | Initiates Coverage
Macquarie names L&T Finance its top pick in the NBFC space.
Stock trades at a 35β50% valuation discount to larger peers, offering scope for convergence.
Expects AUM CAGR of ~23% over FY26β28E.
Forecasts strong EPS CAGR of ~28% over the next 3 years.
RoA expected to expand ~40 bps to 2.7% by FY28E.
RoA improvement to be driven by credit-cost normalisation, ARC book wind-down & operating leverage.
Key catalysts: improving returns and strong EPS growth.
β€1
AUTHUM INVESTMENT TO INVEST βΉ101.63 CR IN SUBSIDIARY ISARC VIA RIGHTS ISSUE
π¦ Authum has agreed to subscribe to 40.65 Cr equity shares of its subsidiary India SME Asset Reconstruction Company (ISARC).
π΅ Shares offered at βΉ10 each, with 25% payable upfront (βΉ2.50/share) β initial investment of approximately βΉ101.63 Cr.
π Authum currently holds 88.37% stake in ISARC.
π― Capital infusion will help ISARC meet its capital requirements for general business operations.
π€ Transaction is a related-party transaction and is being undertaken at armβs length.
π’ Impact: Positive β strengthens capital base of the ARC subsidiary and supports business operations.
π¦ Authum has agreed to subscribe to 40.65 Cr equity shares of its subsidiary India SME Asset Reconstruction Company (ISARC).
π΅ Shares offered at βΉ10 each, with 25% payable upfront (βΉ2.50/share) β initial investment of approximately βΉ101.63 Cr.
π Authum currently holds 88.37% stake in ISARC.
π― Capital infusion will help ISARC meet its capital requirements for general business operations.
π€ Transaction is a related-party transaction and is being undertaken at armβs length.
π’ Impact: Positive β strengthens capital base of the ARC subsidiary and supports business operations.
CG POWER REPORTS SUSPECTED CYBER INCIDENT
π» Suspected cyber event detected on the companyβs IT systems.
β Core systems and business operations remain unaffected.
π‘οΈ External and internal cybersecurity experts engaged for investigation, remediation and mitigation.
π’ Company has notified CERT-In about the incident.
π‘ Impact: Neutral to Slightly Negative β no operational disruption reported so far.
π» Suspected cyber event detected on the companyβs IT systems.
β Core systems and business operations remain unaffected.
π‘οΈ External and internal cybersecurity experts engaged for investigation, remediation and mitigation.
π’ Company has notified CERT-In about the incident.
π‘ Impact: Neutral to Slightly Negative β no operational disruption reported so far.
ASTER DM : Centella Mauritius Holdings (TPG) Likely To Sell 7.2% Equity Via Block Deal - CNBC-TV18
Floor Price For The Deal Is Set At 766.1/Sh, May Offer Discount Of Up To 6.3% ΀ο CMP
Sellers' Residual Holding Subject ΀ο A 60-day Lock-in
Alert - TPG Held 9.9% Stake At The End Of Q1
Floor Price For The Deal Is Set At 766.1/Sh, May Offer Discount Of Up To 6.3% ΀ο CMP
Sellers' Residual Holding Subject ΀ο A 60-day Lock-in
Alert - TPG Held 9.9% Stake At The End Of Q1
EMS LIMITED: EMERGES HIGHEST BIDDER FOR 2 NHAI ORDERS WORTH βΉ42.12 CR
π Company received H-1 bidder status for 2 NHAI user-fee collection contracts.
π° Combined order value is approximately βΉ42.12 Cr, excluding TCS.
π Projects cover Rangamatia Fee Plaza in Assam and Bartana Fee Plaza in Haryana.
β³ Both contracts have an execution period of 1 year.
π’ Impact: Positive β new NHAI orders strengthen the company's order book.
π Company received H-1 bidder status for 2 NHAI user-fee collection contracts.
π° Combined order value is approximately βΉ42.12 Cr, excluding TCS.
π Projects cover Rangamatia Fee Plaza in Assam and Bartana Fee Plaza in Haryana.
β³ Both contracts have an execution period of 1 year.
π’ Impact: Positive β new NHAI orders strengthen the company's order book.
PC JEWELLER REPAYS DEBT OF 8 OUT OF 14 CONSORTIUM BANKS π°
π¦ PC Jeweller has fully cleared outstanding debt of 8 out of 14 consortium banks, with repayments completed ahead of schedule.
π Company has also discharged over 96% of outstanding debt relating to the remaining 6 banks.
π³ Less than 4% of outstanding debt remains to be repaid.
π― Company remains on track to become debt-free during the current quarter.
πͺ Debt reduction is expected to materially strengthen the balance sheet and financial position.
π’ Impact: Positive β near-complete debt repayment significantly improves financial leverage.
π¦ PC Jeweller has fully cleared outstanding debt of 8 out of 14 consortium banks, with repayments completed ahead of schedule.
π Company has also discharged over 96% of outstanding debt relating to the remaining 6 banks.
π³ Less than 4% of outstanding debt remains to be repaid.
π― Company remains on track to become debt-free during the current quarter.
πͺ Debt reduction is expected to materially strengthen the balance sheet and financial position.
π’ Impact: Positive β near-complete debt repayment significantly improves financial leverage.
β€2π₯2
FINE ORGANIC INDUSTRIES: 80% MALAYSIA ACQUISITION COMPLETION DELAYED β³
πΉ Acquisition of 80% stake in Oleofine Organics SDN. BHD., Malaysia was earlier expected to be completed within 3 months.
π Company has now extended the completion timeline by another 3 months.
βοΈ Delay is due to certain procedural requirements.
π All other terms and conditions of the acquisition remain unchanged.
π‘ Impact: Neutral β procedural delay; acquisition plan remains intact.
πΉ Acquisition of 80% stake in Oleofine Organics SDN. BHD., Malaysia was earlier expected to be completed within 3 months.
π Company has now extended the completion timeline by another 3 months.
βοΈ Delay is due to certain procedural requirements.
π All other terms and conditions of the acquisition remain unchanged.
π‘ Impact: Neutral β procedural delay; acquisition plan remains intact.
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FM ON PSU BANKS , Says PSBs are operating with great strength today
PSBs will commence the Banking for Youth campaign from October 2
PSBs should reach out to young people to meet their banking needs
PSBs will commence the Banking for Youth campaign from October 2
PSBs should reach out to young people to meet their banking needs
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FM says Each PSB should devise its own strategy to attract youth
Public sector banks should become the first choice of young customers
PSBs' approach to priority sector lending should be more robust
Public sector banks should become the first choice of young customers
PSBs' approach to priority sector lending should be more robust
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COCHIN SHIPYARD: Keralam CM says Keralam Govt To Lease 18.16 Acres To Cochin Shipyard For βΉ5,000 Cr Ship Block Project
Project Expected To Create Around 2,000 Direct Jobs
Keralam Govt To Earn Annual Lease Revenue Of Around βΉ1.70 Cr Including GST
Project Expected To Create Around 2,000 Direct Jobs
Keralam Govt To Earn Annual Lease Revenue Of Around βΉ1.70 Cr Including GST
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INDIA GOVT EXPECTS 2-3 MORE SEMICONDUCTOR PLANTS TO GO LIVE BY END-2026, AS PM MODI PLANS SEPT. 16 ROUNDTABLE WITH GLOBAL CHIP CEOS TO DRAW FRESH INVESTMENTS ACROSS THE SUPPLY CHAIN - ET ( CG POWER, KAYNES TECH, SYRMA SGS )
L&T FINANCE: EXPECTS GOLD LOAN BUSINESS TO CONTRIBUTE OVER 10% TO TOTAL LOAN BOOK IN THE NEXT 5 YEARS - BL