Market & News

Britannia Industries announced that Rakshit Hargave (DIN: 03406793) has joined the company as Chief Executive Officer and Managing Director for a period of five years with effect from 15 December 2025.

Wheels India has signed a Technical Assistance Agreement with Tokyo, Japan headquartered Topy Industries for the design, development and manufacture of aluminium alloy wheels.

 As part of this agreement, Topy will provide technical knowhow and engineering support to enhance Wheels India's design and manufacturing capabilities for the cast aluminium wheel business.

Wheels India had forayed into the alloy wheel business in FY21 with a state -of- the-art facility at Thervoy Kandigai in the outskirts of Chennai. Having started off initially by exporting alloy wheels to the US and European after-market, the company is now targeting the domestic market and has commenced supplies to Indian OEMs such as Tata Motors and Stellantis.

The company has also bagged new orders for its aluminium wheels business from Hyundai & Volkswagen and expects to commence supplies next year.

Wheels India is currently in the process of expanding the annual capacity at its alloy wheels plant in Thervoi Kandigai to 7 lakh wheels per annum from the existing 5 lakh wheels per annum. This capacity expansion is expected to be completed by the end of the next quarter.

Buoyed by the prospects in the aluminium wheels segment, the company is planning to further expand its capacity to 10 lakh wheels per annum next year and this expansion is expected to be completed by the end of FY27.

Wheels India already has a JV with Topy for its steel wheels business through WIL Car Wheels having a 74% equity holding. This JV is focused on steel wheels for the Japanese OEMs in India.

Wipro has allotted 2,52,134 equity shares under ADS Restricted Stock Unit Plan 2004 and 1,43,740 equity shares under the Restricted Stock Unit Plan 2007 on 15 December 2025, pursuant to exercise of ESOPs.

Can Fin Homes announced that the Board of Directors of the Company at its meeting held on 15 December 2025, inter alia, have recommended the interim dividend of Rs 7 per equity Share (i.e. 350%) , subject to the approval of the shareholders.

Mini Diamonds (India) has secured domestic order of Rs 12 crore for supply of lab grown diamonds from a Mumbai based client on 15 December 2025.

Apar Industries announced the resignation of Shashi Amin from the position of Chief Executive Officer – Cable Solutions of the company with effect from 12 December 2025.

The board of Sumeet Industries at its meeting held on 15 December 2025 has approved to acquire up to 26% of equity share capital in Bajrang Green Energy One with an investment of Rs. 26 lakh.

This project will enable the Company to access 4.20 MW of Renewable Wind Energy and this investment is being done in order to comply with regulatory requirement for Captive Consumption of Power under Indian Electricity Laws and the Policy of the Government. This acquisition will result in lower electricity costs, ensure a reliable green power supply and getting carbon credits thereby promotes sustainable ESG.

Bharat Rasayan has allotted 83,10,536 fully paid-up bonus equity shares of the face value of Rs 5/- each in the ratio of 1:1 i.e., 1 (One) new fully paid up Bonus equity share of Rs 5/- each for every 1 (One) existing fully paid-up equity share of Rs 5/- each, held by the shareholders of the Company as on the record date i.e., 12 December 2025, fixed for this purpose.

Consequent to the allotment, the paid up equity share capital of the company has increased to 1,66,21,072 equity shares of Rs 5 each.

Crest Urban Living (formerly known as Escort Developers) (CULPL), a wholly owned subsidiary of Crest Ventures, has entered into a Joint Development Agreement with Vensco Projects LLP for the development of a premium mixed-use project in Chembur.

The project, spread across approximately 11,000 sq. m., is positioned to be one of the largest single-parcel development projects in the rapidly developing neighbourhood of Chembur, Mumbai.

Alexander Stamps And Coin has adjourned the Extra-ordinary General Meeting of the company which was scheduled to be held on 12 December 2025. The meeting will now be held on 19 December 2025.