Author: Legal Parivar

RITES Limited, a leading engineering consultancy and project management firm under the Ministry of Railways, has announced that it has secured a major contract worth ₹372.68 crore (exclusive of GST) from the National Institute of Mental Health and Neuro Sciences (NIMHANS) for the construction of a new Outpatient Department (OPD) building at its Bengaluru campus. The company shared this update in a regulatory filing with the National Stock Exchange (NSE) and the BSE on November 3, 2025, in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Project Details According to the filing, RITES received a…

The Initial Public Offering (IPO) of Studds Accessories Limited received an overwhelming response from investors, closing with a subscription of 73.35 times by the end of Day 3, driven largely by strong interest from institutional buyers. The IPO, open for bidding between October 30 and November 3, 2025, saw bids for 32.92 crore shares against the 54.50 lakh shares available. Investor Breakdown IPO Details The ₹455.49 crore IPO was an Offer for Sale (OFS) of 0.78 crore shares. Grey Market Premium (GMP) According to market sources, the GMP for Studds Accessories IPO stood at ₹145 per share as of today,…

Telecom major Bharti Airtel Limited has announced the appointment of Mr. Dinesh Kumar Khara, former Chairman of the State Bank of India (SBI), as an Independent Director on its Board. The appointment, effective November 3, 2025, is for a term of five years, subject to shareholders’ approval. The decision was taken at a Board meeting held on November 3, 2025, based on the recommendation of the company’s HR and Nomination Committee, according to a regulatory filing made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Profile of Mr. Dinesh Kumar Khara Mr. Khara is a veteran…

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…