Market & News

Hindalco Industries Limited and AluChem Companies, Inc. have jointly decided to terminate the Equity Purchase Agreement for AluChem’s specialty calcined and tabular alumina business, citing extended closure delays beyond the control of either party, according to a filing on October 1, 2026. Aditya Holdings LLC, a step-down wholly owned subsidiary of Hindalco Industries Limited, was initially intended to acquire AluChem. Hindalco stated that its strategy of scaling high-value, technology-led value-added products in its specialty alumina business remains unchanged and the company will continue to evaluate opportunities in the United States.

Tandhan Energies Limited, formerly known as Shah Foods Limited, announced that shareholders of its material subsidiary, Tandhan Power Technologies Private Limited, re-appointed M/s. N. Agarwala & Associates, Chartered Accountants (FRN: 315097E) as statutory auditor for a second term of five consecutive years, effective from the conclusion of the 8th Annual General Meeting held on September 30, 2026, until the Annual General Meeting in 2031.

Kabra Extrusiontechnik Limited announced the allotment of 37,60,000 equity shares to ‘Promoter & Promoter Group’ and ‘Non-Promoter’ category investors for a total consideration of Rs 141,00,00,000, according to a regulatory filing on October 2, 2026. The shares were issued at an issue price of Rs 375 per share, including a premium of Rs 370, with the company receiving the full consideration prior to the allotment. Following the allotment, the company’s issued, subscribed, and paid-up equity share capital increased from Rs 17,48,64,180 divided into 3,49,72,836 shares to Rs 19,36,64,180 divided into 3,87,32,836 shares.

Sayaji Industries Limited submitted a certificate received from KFin Technologies Limited under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, to the BSE Limited.

Transgene Biotek Limited will hold a board meeting on Saturday, October 10, 2026, to consider the appointment of M/s. Eswara Rao & Co., Chartered Accountants, as the company’s statutory auditors, succeeding M/s. Vasavi & Co., Chartered Accountants, subject to audit committee recommendation and member approval.

Krishna Filament Industries Limited will close its trading window for designated persons from Thursday, October 1, 2026, until 48 hours after a board meeting to approve the company’s unaudited financial results for the quarter and half year ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Bajaj Finance Limited announced that its board of directors approved a Qualified Institutions Placement (QIP) to raise up to Rs 11,700 crore through the issue of equity shares and a preferential issue (PI) of warrants convertible into equity shares for up to Rs 5,800 crore, both subject to shareholder approval at an Extraordinary General Meeting.

Zodiac Clothing Company Limited, in a filing with the National Stock Exchange of India Ltd. and BSE Limited on October 2, 2026, reported receiving compliance certificates from KFIN Technologies Limited, its registrar and share transfer agent, for the quarter ended September 30, 2026, as per Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Aurobindo Pharma Limited announced that its wholly owned subsidiary, A1 USA Inc., has acquired 100% ownership of A1 Biochem Labs LLC for a cash consideration of USD 15.247 million, completing the acquisition on October 2, 2026. A1 Biochem Labs LLC, incorporated in September 2015 and based in Wilmington, North Carolina, provides contract research and chemistry services to pharmaceutical and biotechnology companies and reported USD 9.23 million in sales for the year ending December 31, 2024, and USD 5.92 million for the year ending December 31, 2025; the transaction aligns with Aurobindo’s strategic objective of expanding its presence in the Active Pharmaceutical Ingredients (API) business and creating a Contract Research, Development and Manufacturing (CRDMO) platform.

Harmony Capital Services Limited appointed Mrs. Kakoli Ghosh as an Additional Director with effect from October 1, 2026, disclosing that she is the wife of the company’s Managing Director, Rajesh Ghosh. The company also appointed Mr. Ajay Yadav, Proprietor of M/s. Ajay Yadav & Associates, as Secretarial Auditor for the financial year 2026-27, and approved the shifting of its registered office to 507, Highway Commercial, I. B. Patel Road, Near Petrol Pump, Goregaon (East), Mumbai – 400063, Maharashtra, effective October 1, 2026.