Here are the major corporate developments and stock-specific updates investors should keep an eye on today.
GST Reset to Impact Multiple Sectors
FMCG, Consumer Durables, Dairy, Insurance, Agri, Automobiles, Cement, Healthcare – 90% of items have been moved into the 5% and 18% GST slabs, effective September 22. (Positive)
Corporate Announcements & Deals
Polymed Acquires PendraCare Group
Polymed has acquired Netherlands-based PendraCare Group, strengthening its global presence in medical devices. (Positive)
BHEL Bags ₹2,600 Cr Order
BHEL has secured an order worth ₹2,600 crore from MB Power for the Anuppur Thermal Project, boosting its project pipeline. (Positive)
Railtel Corp Secures Work Order
Railtel Corporation received a ₹149.5 million work order, adding to its portfolio of government and infrastructure contracts. (Positive)
Aditya Vision Stake Buy by Motilal Oswal
Motilal Oswal Mutual Fund purchased 8.6 lakh shares of Aditya Vision at ₹460 per share, reflecting strong investor interest. (Positive)
Steel Exchange India Diversifies into Logistics
Steel Exchange India announced plans to expand its business into integrated logistics, diversifying revenue streams. (Positive)
LTTS Partners with SiMa.ai
L&T Technology Services (LTTS) has partnered with SiMa.ai to drive innovation in mobility, healthcare, industrial automation, and robotics. (Positive)
Campus Activewear Expands Capacity
Campus Activewear acquired land and building at SIDCUL, Pantnagar for ₹74.75 crore and plans a ₹230 crore investment to add 7.2 million pairs annual capacity by FY28. (Positive)
Sharika Enterprises Wins Repeat Order
Sharika Enterprises bagged a repeat order from JSW Steel for 220kV cable installation at its Dolvi Plant in Maharashtra. (Positive)
GHV Infra Bags ₹120 Cr Project
GHV Infra received a Letter of Intent worth ₹120 crore for the integrated redevelopment of a railway station in Jharkhand. (Positive)
Maruti Suzuki Pushes Growth Strategy
Maruti Suzuki reported strong growth in the SUV segment, targets exports to 100+ countries, emphasizes 5-star Bharat NCAP safety, and is reviewing GST impact before finalizing prices. (Positive)
Varun Beverages Invests in Solar SPV
Varun Beverages has invested up to 26% in Jager Renewables Two Pvt. Ltd., a solar power special purpose vehicle (SPV) in Rajasthan. (Neutral)
Manbro Industries Acquires Gotripily
Manbro Industries will acquire up to 90% stake in Gotripily Travel Services Pvt. Ltd. for ₹15 crore, making it a subsidiary. (Neutral)
Aptus Value Housing Stake Sale
WestBridge Capital is set to sell 8.23 crore shares (16.46% stake) in Aptus Value Housing via a block deal. (Neutral)
Swiggy Hikes Platform Fee Again
Swiggy has raised its platform fee to ₹15, marking the third hike in three weeks. (Neutral)
Vedanta Faces Scrutiny in Odisha
Vedanta’s project in Odisha has been halted over tribal rights violation claims, drawing regulatory and social scrutiny. (Neutral)
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Dividend Announcements & Record Dates
- Quality Power Electricals – AGM on Sept 18, FY24-25 dividend. (Neutral)
- Asian Star – Record date Sept 22, final dividend ₹1.5/sh. (Neutral)
- AIA Engineering – Ex-date today, dividend ₹16/sh. (Neutral)
- Bharat Bijlee – Ex-date today, dividend ₹35/sh. (Neutral)
- NTPC Ltd – Ex-date today, dividend ₹3.35/sh. (Neutral)
- TVS Srichakra – Ex-date today, dividend ₹16.89/sh. (Neutral)
(and several more companies declaring dividends today)
Other Key Developments
- SPML Infra – Abhinandan Sethi appointed MD for 5 years. (Neutral)
- Muthoot Microfin – Approves private placement of USD 15M bonds + ₹150 Cr NCDs. (Neutral)
- Rajapalayam Mills – Additional ₹15.8 Cr investment in Ramco Industries. (Neutral)
- Solarium Green Energy – CARE assigns BBB- (Stable) rating. (Neutral)
- Greenchef Appliances – Praveen Kumar S. Jain reappointed MD for 5 years. (Neutral)
- M&M Fin – Gaurav Verma resigns as Head of Underwriting. (Neutral)
- Muthoot Finance – Settles $600M senior secured notes (2030). (Neutral)
- Allied Blenders – Tax demand of ₹14.98 Cr. (Neutral)
- Sundram Fasteners – CRISIL reaffirms A1+ rating. (Neutral)
- ITD Cementation – To be renamed Cemindia Projects Ltd. (Neutral)
- SW Solar – Faces ₹40 Cr tax demand in South Africa. (Neutral)
ASM & Circuit Filter Updates
- Short-term ASM list: Bharat Seats, ANB Metal (Neutral)
- Long-term ASM list: Apollo Micro, Cupid, Pritish Nandy (Neutral)
- Circuit filter revised:
- Ola Electric: 20% → 10%
- Astron Paper, Spacenet Enterprises, Zenith Exports: 10% → 5%
Summary
Markets today will watch key GST changes, big-ticket orders for BHEL, Railtel, Campus Activewear, Maruti Suzuki, and corporate acquisitions by Polymed, Manbro, and TBO-linked sectors. Dividend announcements also remain in focus across multiple midcaps and large caps. Neutral developments such as tax demands, rating actions, and management changes will be stock-specific triggers.