Author: Legal Parivar

Think & Learn Pvt Ltd (TLPL), the parent company of edtech major Byju’s, has filed an appeal before the National Company Law Appellate Tribunal (NCLAT) challenging the National Company Law Tribunal (NCLT) order that refused to halt Aakash Educational Services Ltd’s (AESL) proposed extraordinary general meeting (EGM) for a rights issue. The Bengaluru bench of the NCLT, on October 17, 2025, had dismissed Byju’s plea seeking to restrain Aakash from holding its October 29 EGM, where the rights issue will be discussed. The tribunal had declined to grant interim relief to the debt-laden edtech firm, which is currently under insolvency…

Tesla Chair Robyn Denholm has warned that Elon Musk could step down as the company’s CEO if shareholders fail to approve his proposed $1 trillion performance-based pay package, ahead of the automaker’s annual general meeting on November 6. In a letter to investors on Monday, Denholm said the compensation plan was vital to retain and motivate Musk, ensuring he continues to lead Tesla for at least another seven and a half years. She stressed that Musk’s “time, talent, and vision” are critical to Tesla’s long-term success and warned that without a proper incentive structure, the company risked losing his leadership…

Sanofi India Limited on Monday announced the appointment of Deepak Arora as its new Managing Director, effective October 27, 2025. The decision, based on the recommendation of the Nomination and Remuneration Committee, is subject to approval by the company’s shareholders and the Central Government, according to an exchange filing. The appointment marks a key leadership transition for the pharmaceutical major as it seeks to strengthen its India operations and align its business priorities with Sanofi’s global strategic objectives. At the same time, the company announced that Rachid Ayari has stepped down as Interim Managing Director, effective October 26, 2025. Ayari,…

Footwear major Bata India Ltd on Monday reported a 73.26% year-on-year (YoY) decline in its consolidated net profit to ₹13.9 crore for the quarter ended September 2025, marking its third consecutive quarterly drop in profit. The company had posted a profit of ₹51.98 crore in the same quarter last year. The sharp decline was attributed to lower revenue and rising expenses during the quarter. Bata, which owns popular brands such as Hush Puppies and North Star, also cited GST transition-related challenges in Q2, though it noted that the festive season showed early signs of recovery after September 22. Bata’s consolidated…

In a major relief for Vodafone Idea (Vi), the Supreme Court on Monday allowed the Department of Telecommunications (DoT) to re-examine the company’s adjusted gross revenue (AGR) dues, citing the “peculiar facts and circumstances” of the case. The decision offers the financially stressed telecom operator a long-awaited opportunity to seek a recalibration of its massive dues that have weighed on its balance sheet for years. A bench led by Chief Justice B.R. Gavai said there was no reason to prevent the Union government from reconsidering the amount owed by Vodafone Idea, especially since the issue now falls within the Centre’s…

Foreign investors continued their cautious stance on Indian equities, turning net sellers of ₹56 crore on Monday, October 27, 2025, according to provisional data from the exchanges. In contrast, domestic institutional investors (DIIs) remained strong buyers, with a net purchase of ₹2,492 crore worth of shares. During the session, DIIs bought shares worth ₹14,602 crore and sold shares worth ₹12,110 crore. Meanwhile, foreign institutional investors (FIIs) purchased equities worth ₹11,823 crore but offloaded shares valued at ₹11,878 crore. On a year-to-date basis, FIIs have been net sellers to the tune of ₹2.40 lakh crore, while DIIs have net invested ₹5.92…

Telecom infrastructure major Indus Towers on October 27 reported a 17.3% year-on-year (YoY) decline in its consolidated net profit to ₹1,836.6 crore for the quarter ended September 30, 2025, compared to ₹2,223.5 crore in the same period last year. The company had posted a profit of ₹1,736.8 crore in the previous quarter (Q1 FY26), marking a 6% sequential increase. Despite the drop in profit, total revenue grew 9.68% YoY to ₹8,188.2 crore, up from ₹7,465.3 crore in the corresponding quarter of the previous fiscal. Indus Towers’ EBITDA stood at ₹4,613 crore, down 6% YoY, while its EBITDA margin came in…

Zerodha, India’s largest stockbroker by revenue, is gearing up to allow its users to invest directly in US-listed stocks by early 2026, according to co-founder and CEO Nithin Kamath. During an Ask Me Anything session with the company’s leadership, Kamath said, “A lot of people have been asking about US investing. We’re working on it, and we should have something ready by the next quarter.” Expanding on the development, Kailash Nadh, Zerodha’s Chief Technology Officer (CTO), added that the feature has been a “long-pending project” and that the company now has regulatory clarity through GIFT City to proceed. “We’re focused…

Jayesh Logistics’ initial public offering (IPO) received an enthusiastic response from investors on October 27, the opening day of bidding. The issue was subscribed 3.98 times, with investors applying for 71.29 lakh shares against the 17.91 lakh shares available. Among investor categories, non-institutional investors (NIIs) led the charge, subscribing 7.77 times their allotted quota. The portions reserved for qualified institutional buyers (QIBs) and retail investors were subscribed 5.02 times and 2.22 times, respectively. The Kolkata-based logistics and supply chain management firm plans to raise ₹28.63 crore through the IPO, which consists of a fresh issue of 23.47 lakh shares priced…

Adani Energy Solutions Ltd (AESL) reported a 28% year-on-year (YoY) decline in consolidated net profit for the September quarter of FY26, with profit after tax (PAT) falling to ₹557.10 crore, compared to ₹773 crore in the same quarter last year. The company attributed the decline to a one-time deferred tax adjustment of ₹314 crore in Q2 FY25, which had inflated the previous year’s profit. In a statement, AESL clarified that the current quarter’s PAT is adjusted for that one-time impact for a like-to-like comparison. Despite the drop in profit, total income rose 6.4% YoY to ₹6,767 crore, up from ₹6,360…