Author: Legal Parivar

Tata Consultancy Services (TCS) has announced that it will declare its third-quarter (Q3 FY26) financial results on January 12, 2026. In a regulatory filing, the IT major said that a meeting of its Board of Directors is scheduled on the same day to approve and take on record the audited standalone and consolidated financial results of the company and its subsidiaries for the quarter ended December 2025. TCS Third Interim Dividend Update Along with the Q3 results, the TCS board will also consider the declaration of a third interim dividend for equity shareholders during the January 12 meeting. The company…

Yatayat Corporation India, a Gujarat-based logistics and supply chain solutions company, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO), primarily to meet its working capital requirements. The proposed IPO comprises 1.33 crore equity shares, including a fresh issue of 77 lakh shares and an offer for sale (OFS) of 56 lakh shares by promoter Meena Praveen Aggarwal, according to the DRHP filed on December 23. Pre-IPO Placement and Shareholding Structure The company stated that the fresh issue includes a pre-IPO placement of…

The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of its faster cheque clearance framework, which was earlier scheduled to come into effect on January 3, 2026. In a circular issued on December 24, the central bank announced that the second phase of the Continuous Clearing and Settlement (CCS) framework has been deferred until further notice. Meanwhile, Phase 1 of the system will continue to operate without any changes. Revised Cheque Processing Timings Along with the postponement, the RBI has revised cheque processing hours. Under the updated schedule: These revised timings will apply until further instructions…

The Serious Fraud Investigation Office (SFIO) has initiated a formal investigation into IndusInd Bank Ltd following the detection of significant accounting irregularities in its derivatives portfolio, involving a financial impact of nearly ₹1,960 crore, the bank disclosed in a regulatory filing. In a statement submitted to stock exchanges on December 24, 2025, IndusInd Bank confirmed that it received a communication dated December 23, 2025, from the SFIO, informing the lender that an investigation has been launched under Section 212 of the Companies Act, 2013. SFIO Probe Under Section 212 of Companies Act Section 212 of the Companies Act empowers the…

After a record-breaking 2025 for India’s primary markets, the focus is now shifting to the next phase of marquee IPO ‘s in 2026. Investors on Dalal Street are closely watching a wave of big-ticket listings that could define the country’s public market activity in the coming year. Key IPO ‘s to Watch Bharat Coking Coal (BCCL), a subsidiary of Coal India, is expected to launch a Rs 1,300 crore IPO, primarily through an offer for sale. Reports suggest the issue could open as early as January 2026, although no official confirmation has been issued. Reliance Jio Platforms, the telecom and…

The Union Cabinet has approved the expansion of the Delhi Metro under Phase V (A), introducing three new corridors spanning 16.076 km with 13 stations—10 underground and 3 elevated. New Routes and Key Details: The Central Vista corridor will provide seamless access to all Kartavya Bhawans, benefiting around 60,000 employees and nearly 2 lakh visitors daily, while reducing pollution and dependence on fossil fuels. This approval coincides with Delhi Metro’s 23rd anniversary. Currently, the metro network spans over 352 km with 257 stations across ten lines. Recently, DMRC received the ICI Awards 2025 for the Maujpur-Majlis Park corridor under “Outstanding…

HFCL Limited has successfully raised approximately Rs 550 crore through a Qualified Institutional Placement (QIP), one of the company’s larger equity issuances in FY26. The fund-raising committee approved the allotment on 24 December 2025, the company informed stock exchanges. Under the QIP, HFCL issued 8.79 crore equity shares of Re 1 each to 14 qualified institutional buyers at Rs 62.55 per share, including a premium of Rs 61.55. The issue price represented a 5% discount to the floor price of Rs 65.84 per share. The offer opened on 22 December and closed on 24 December 2025. Institutional participation included a…

Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT), Kerala LSA, imposing a penalty of Rs. 1.16 lakh for alleged violations of subscriber verification norms. The notice was issued following a sample Customer Application Form (CAF) audit conducted in October 2025. The audit by DoT reportedly identified non-compliance with the License Agreement requirements regarding adequate verification of customers before enrollment as subscribers. Bharti Airtel has stated that the maximum financial impact of the notice is limited to the penalty amount and that the company does not agree with the order. Appropriate steps will be taken to…

J. K. Cement Limited has been declared the Preferred Bidder in the e-auction conducted by the Government of Rajasthan for the Kishanpura Limestone Block in Tehsil Deh, Nagaur District. The block spans 483 hectares and has a G3 level of exploration. The company received the confirmation on December 23, 2025, and the information has been uploaded on JK Cement’s official website. This strategic acquisition is expected to strengthen JK Cement’s raw material security and support long-term growth in the cement sector.

Supreme Industries Ltd. has received a Letter of Acceptance (LOA) from Bharat Petroleum Corporation Ltd. (BPCL) for a repeat order of approximately 2,00,000 units of 10 kg Composite LPG Cylinders, valued at around ₹54 crore. The supply contract is set for a period of six months from the date of the LOA, with a possible extension of up to another six months at BPCL’s discretion. The order, awarded through a domestic tender, does not involve any related-party transactions, and no promoter or promoter group interest exists in BPCL. Supreme Industries continues to strengthen its partnership with BPCL, contributing to the…