Tata Steel, NIACL, Nykaa, Newgen Software, JK Cement, Swan Defence & dozen will hog limelight on Sep 25

Tata Steel has injected ₹4,054.66 crore in T Steel Holdings (TSHP) by subscribing 457.7 crore equity shares. Each share has a face value of $0.1005. The fresh stake buy has increased Tata Steel’s total investment in TSHP for 2025 to $460 million.

New India Assurance has informed the exchanges that the Income Tax Department has issued a refund of ₹249.79 crore for Assessment Year 2009-10 (including interest of ₹8.89 crore).

FSN E-Commerce Ventures (NYKAA) has appointed Dipak Gupta as an Independent Director on its board effective October 1, 2025, for a period of five years, subject to the approval of shareholders. Dipak Gupta served as the Managing Director & CEO of Kotak Mahindra Bank Ltd until December 31, 2023. He brings over three decades of experience in the financial services sector, with the last two-and-a-half decades at Kotak Mahindra Group.

Newgen Software Technologies (UK) Ltd, wholly-owned subsidiary of Newgen Software Technologies Ltd, has inked a €4.22-million deal with Tata Consultancy Services (TCS), to provide services such as cloud hosting, software licences, and implementation for an end-customer for a period of five years. In a separate notice, the company said it has received and accepted a purchase order from a customer for its Policy Administration System for aggregate commercial value of ₹21.24 crore.

Piramal Finance on Wednesday said Anand Piramal will become the company’s chairman. Anand joined the business in 2019 and has led the retail lending platform and also the ₹34,250-crore acquisition of DHFL, an official statement said, adding his father Ajay will continue to be the chairman of the Piramal Group. His appointment comes following the approval of the scheme of merger of Piramal Enterprises with its wholly-owned subsidiary Piramal Finance by the NCLT, the statement said.

JK Lakshmi Cement has acquired a 26 per cent stake in Ampin C&I Power, which will enable it to source solar power under the applicable captive power laws. The JK group firm is investing ₹4 crore in a 9.9 MWp solar project through a Power Purchase Agreement, a company statement said.

Swan Defence and Heavy Industries Ltd (SDHD), India’s largest shipbuilding and heavy fabrication company, has signed an exclusive Memorandum of Understanding (MoU) with European offshore oil & gas vessel leader Royal IHC. The partners will combine their expertise, infrastructure, and geographical advantages to design, build, and retrofit offshore oil and gas and other types of vessels. The MoU was signed along with Alar Infrastructure, the Indian representative of Royal IHC.

Dalmia Cement (Bharat) Ltd, a material wholly-owned subsidiary of Dalmia Bharat Ltd, has received a provisional attachment order from the Joint Director, Enforcement Directorate, Hyderabad. DCBL is examining the Order andwill take further steps to pursue appropriate legal remedies assailing the impugned order before appropriate forum.

The board of IFB Industries has approved a proposal from its wholly owned subsidiary, Global Automotive and Appliances Pte. Ltd, Singapore, to invest in and set up a facility in Europe to augment the design and tooling capabilities of the company’‘s engineering business.

Tamrock Great Britain Holdings Ltd i.e., the promoter group entity of Eimco Elecon (India) Ltd, has proposed to sell up to 7,23,875 equity shares (representing approximately 12.55 per cent of the total issued and paid-up equity share capital) on September 24 to non-retail Investors and on September 25 to retail Investors, with the option to additionally sell up to 7 lakh shares in the event of over-subscription.

The board of Spice Lounge Food Works Ltd (formerly Shalimar Agencies) has approved a proposal for an Overseas Direct Investment (ODI) in its wholly-owned subsidiary Teksoft Systems INC, US. The board has approved an investment of up to $5 million in one or more tranches.

RCCPL Private, a subsidiary of Birla Corporation, has won the bid for the Kanpa-Junapani limestone block in Adilabad, Telangana. The final bid was 87.05% of the base price. The block covers 3.38 sq km.

Published on September 25, 2025

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