Author: Legal Parivar

INOX Green Energy Services Limited has announced the successful approval of its Scheme of Arrangement with INOX Renewable Solutions Limited and their respective shareholders, following a court-convened meeting held on November 1, 2025. The meetings were held pursuant to directions issued by the National Company Law Tribunal (NCLT), Ahmedabad Bench, as part of the company’s ongoing restructuring process. The sessions — conducted via video conferencing for transparency and ease of participation — included separate meetings for equity shareholders, warrant holders, secured creditors, and unsecured creditors. Voting Outcome The proposed scheme received overwhelming support across all stakeholder categories, with more than…

Ujaas Energy Limited announced that its Board of Directors, at a meeting held today, approved key financial and strategic proposals including a preferential issue of equity shares, increase in authorised share capital, and an issue of shares to its resolution applicant’s trust. According to the company’s filing with the BSE and NSE, the board meeting commenced at 11:30 a.m. and concluded at 7:25 p.m. Key Decisions: 1. Increase in Authorised Share CapitalThe Board approved an increase in the company’s authorised share capital from ₹45 crore (45 crore equity shares of ₹1 each) to ₹52 crore (52 crore equity shares of…

The Lenskart IPO continued to draw strong investor interest on its second day of bidding, after being fully subscribed on the opening day. The ₹2,150 crore public issue, open from November 2 to November 4, comprises a fresh issue of shares and an offer for sale (OFS) totaling 12.75 crore equity shares. Lenskart IPO Price Band and Objective The IPO price band is fixed at ₹382–₹402 per share, valuing the company at over ₹69,700 crore at the upper end. Proceeds from the fresh issue will be used for: Subscription Status (Day 2) As of November 3, the IPO was subscribed…

The Orkla India IPO allotment is expected to be finalized today, November 3, 2025, after witnessing strong investor demand during its subscription period. Investors can check the Orkla India IPO allotment status online through the official websites of BSE, NSE, and the IPO registrar Kfin Technologies. Orkla India IPO Details The Orkla India IPO, owned by the MTR Foods brand parent company, was open for subscription from October 29 to October 31, 2025. The listing date is tentatively set for November 6, 2025, and the shares will be listed on both BSE and NSE. According to NSE data, the IPO…

Indian stock market started November on a subdued note, with benchmark indices closing Monday’s session slightly higher amid the absence of fresh domestic or global cues. Investors continued to focus on stock-specific movements as companies reported their Q2 FY26 earnings. The Nifty 50 ended 0.16% higher at 25,763, while the S&P BSE Sensex inched up 0.05% to 83,976. Broader markets outperformed, with the Nifty Midcap 100 rising 0.77% and the Nifty Smallcap 100 gaining 0.72%, showing continued bullish sentiment in mid and small caps. Among sectors, PSU banks stole the spotlight. The Nifty PSU Bank Index surged nearly 2% to…

Shares of Vodafone Idea Ltd surged nearly 10% on Monday after reports confirmed that the Supreme Court has permitted the government to review potential relief on the telecom operator’s Adjusted Gross Revenue (AGR) dues. The moratorium on the company’s spectrum and AGR payments ended in September, with Vodafone Idea and other telecom firms continuing to dispute the government’s method of calculating AGR. According to CNBC-TV18, the telecom operator has sought relief on both its supplementary AGR dues of around ₹9,500 crore and the total dues of approximately ₹80,000 crore. Adjusted Gross Revenue (AGR) refers to the income figure used to…

The 55th Kerala State Film Awards were announced on Monday by Saji Cherian, the state’s Minister for Fisheries, Culture, and Youth Affairs. The blockbuster hit Manjummel Boys emerged as the biggest winner, bagging several top honours, including Best Film and Best Director. Veteran actor Mammootty won the Best Actor award for his critically acclaimed performance in Bramayugam, while Shamla Hamza was named Best Actress for her powerful role in Feminichi Fathima. 🏆 Major Winners — Kerala State Film Awards 2025 🎬 Special Awards 🎞️ Technical Excellence 📚 Literary Contributions The winners were chosen by a seven-member jury led by veteran…

Titan Company Ltd reported a 43% year-on-year jump in net profit to ₹1,006 crore for the quarter ended September 30, 2025 (Q2FY26), driven by strong festive demand and a sharp rise in gold prices. The Tata Group company, which owns Tanishq and CaratLane, had posted a profit of ₹705 crore in the same quarter last year. The company’s revenue increased 25% year-on-year to ₹16,534 crore, compared to ₹13,215 crore in Q2FY25, supported by healthy growth across its jewellery, watches, and eyewear segments. On the National Stock Exchange (NSE), Titan shares closed 0.4% lower at ₹3,731.4 apiece on November 3. Festive…

Alphabet Inc., the parent company of Google, is set to raise around €6.25 billion ($7.2 billion) in the European debt market, marking another major tech-sector bond issuance amid an industry-wide race to invest in artificial intelligence. The latest sale comes on the heels of Meta Platforms Inc.’s $30 billion debt offering, the largest so far this year, and follows Alphabet’s strong quarterly results showing robust growth in its cloud computing and AI businesses. According to sources familiar with the deal, Alphabet is marketing six euro-denominated tranches of bonds with maturities ranging from three to 39 years. This marks the company’s…

India’s refiners could increase purchases of crude oil from the United States if American prices remain competitive with those of leading Middle Eastern suppliers, according to people familiar with the ongoing discussions. One of the sources said that US crude prices are expected to align more closely with the rates offered by producers such as Saudi Arabia and other Gulf nations. “If the import volume is significant, prices naturally stay close to market levels,” the person noted. Although oil from the United States might be slightly costlier than Russian crude, Indian lenders have grown cautious following recent Western sanctions targeting…