Author: Legal Parivar

Pune-based Brainbees Solutions Limited (NSE: FIRSTCRY, BSE: 544226) announced that its subsidiary, Swara Baby Products Private Limited, has completed the acquisition of 100% stake in K.A. Enterprises (Hygiene) Private Limited (KA Hygiene). The acquisition was executed under the Share Subscription Agreement and Share Purchase Agreement dated December 22, 2025, through the allotment of 38,49,572 equity shares of Swara Baby to the existing shareholders of KA Hygiene. As a result of this transaction, Brainbees’ shareholding in Swara Baby has been adjusted from 87.29% to 75.92%, making KA Hygiene a wholly-owned subsidiary of Swara Baby and a step-down subsidiary of Brainbees Solutions,…

Megastar Foods Limited has announced that CARE Ratings Limited has upgraded the company’s credit ratings for its bank facilities following a review of its operational and financial performance for FY25 and H1FY26. The ratings for the company’s long-term bank facilities of ₹61.29 crore have been upgraded from CARE BB+; Stable to CARE BBB-; Stable. Additionally, long-term/short-term bank facilities amounting to ₹173 crore have been upgraded from CARE BB+; Stable / CARE A4+ to CARE BBB-; Stable / CARE A3, while a new facility of ₹6.71 crore has been assigned a rating of CARE BBB-; Stable / CARE A3. Megastar Foods’…

Subex Limited (BSE: 532348, NSE: SUBEXLTD) announced the appointment of Mr. Venkata Erinti Narayana (DIN: 03345145) as an Additional Director in the category of Non-Executive, Independent Director for a tenure of three years, effective December 25, 2025. The appointment is subject to approval by the company’s shareholders. The decision was made by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee during a meeting held today. Mr. Narayana brings over 30 years of experience spanning investment banking, private equity, fund management, cross-border mergers and acquisitions, project finance, and board-level governance, with a particular focus on…

Vikran Engineering Limited has received a Notification of Award from NTPC Renewable Energy Limited for an EPC contract worth ₹459.20 crore for the 400 MW AC solar project at Chitrakoot-1, Uttar Pradesh. The project is awarded on a balance of system (BOS) basis and includes inland transportation, insurance, installation, testing, commissioning, and guarantee tests. The contract, which is domestically awarded, is scheduled to be executed over a 12-month period. The project forms part of NTPC Renewable Energy’s ongoing initiative to develop grid-connected solar PV capacity in Uttar Pradesh. Vikran Engineering confirmed that the promoters and promoter group have no interest…

The National Highways Authority of India (NHAI) has issued an “intention to termination notice” to Roadways Solutions India Infra Ltd (RSIL) for failing to achieve construction milestones on a 35-km stretch of the Delhi–Mumbai Expressway in Gujarat, according to a report by The Times of India. The notice is the final step before cancellation of the contract. Construction on the affected stretch has progressed at an extremely slow pace, with only 4.9% of physical work completed and just 4.6% of the planned expenditure incurred so far. Two other RSIL-executed packages in Gujarat, measuring 27 km and 25 km respectively, are…

The Supreme Court, in Ramesh Kumar Jain v. Bharat Aluminium Company Ltd (BALCO) (2025 INSC 1457), has restored an arbitral award that was set aside by the Chhattisgarh High Court, reaffirming the narrow scope of judicial interference under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996. The ruling underscores that courts cannot re-appreciate evidence or substitute their own commercial assessment under the guise of “patent illegality”. Background of the dispute In 1999, BALCO awarded a contract to Ramesh Kumar Jain for mining and transporting 2.22 lakh metric tonnes of bauxite from Mainpat to its Korba alumina plant…

Zepto is set to pre-file its draft red herring prospectus (DRHP) under the confidential route on December 26 and is targeting a public listing next year, sources told Moneycontrol. If the plan materialises, the quick commerce unicorn could become one of the youngest startups to debut on Indian stock exchanges. Founded in 2020, the Bengaluru-based company is expected to go public in 2026—around six years after its inception. Honasa Consumer, which runs Mamaearth, had listed about seven years after being founded, making Zepto’s proposed timeline among the fastest for an Indian unicorn. “Zepto’s pre-filing work is complete, and the company…

Delivery workers across major food delivery and e-commerce platforms such as Swiggy, Zomato, Zepto, Blinkit, Amazon, and Flipkart have announced an all-India strike on December 25 and December 31, 2025, intensifying pressure on platform companies over deteriorating working conditions in the gig economy. The nationwide strike has been called by the Telangana Gig and Platform Workers Union (TGPWU) and the Indian Federation of App-Based Transport Workers (IFAT), and is expected to see participation from delivery partners in metropolitan cities as well as major tier-2 urban centres. In a joint statement, the unions said delivery workers — who play a critical…

India implemented a major tax overhaul in 2025, introducing sharp Goods and Services Tax (GST) rate cuts and raising the income tax exemption limit. With these reforms largely in place, the government is now turning attention to rationalising customs duties and simplifying procedures in the upcoming Budget. Starting April 1, 2026, the new Income Tax Act, 2025 will replace the six-decade-old 1961 Act. In addition, two new laws—levying extra excise on cigarettes and a cess on pan masala—will be implemented on dates notified by the government. These measures aim to stimulate domestic demand amid global economic uncertainties, boost consumption, and…

The year 2025 proved volatile for the markets, particularly hitting small- and midcap stocks hard. While benchmark indices touched new highs, the broader market experienced notable declines. Here’s a look at the five biggest losers on the Nifty 500 index this year: 1. Aditya Birla Fashion and Retail (ABFRL)Aditya Birla Fashion and Retail (ABFRL) emerged as the worst performer, wiping out over 72% of investors’ wealth in the past year. The company underwent a major demerger in May 2025, splitting into ABFRL and Aditya Birla Lifestyle Brands (ABLBL), with shareholders receiving one ABLBL share for each ABFRL share. 2. Tejas…