RUPIE TIMES
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📋 STOCK WISE NEWS · HEADING AS IT IS
Parag Milk Foods
Launches Avvatar Popped Protein Chips, expanding its nutrition portfolio into the snacking category. The launch expands the Avvatar portfolio beyond protein powders, ready-to-drink beverages and protein bars into snacking. Launch supports the strategy to build new growth avenues in nutrition and adjacent food categories.
Rupie Times Insight:Parag Milk is moving beyond traditional protein products into snacks. This could open a new revenue stream and leverage the Avvatar brand.
Hindustan Zinc
Signs six-year transportation pact with MFL India for deployment of 30 electric trucks.
Rupie Times Insight:Long-term green logistics move. Using electric trucks reduces carbon footprint and likely lowers operating costs over time.
SEAMEC
ONGC vessel Samudra Sevak arrives in Mumbai after completion of emergency dry docking. Vessel SEAMEC Agastya off-hired from Sept. 8, 2026 due to technical reasons.
Rupie Times Insight:Vessel downtime may impact near-term revenue, but emergency dry dock completion is positive for Samudra Sevak.
Gujarat Ambuja Exports
To set up 850 TPD greenfield corn wet milling unit for Rs 333 crore in Hubli. Hubli unit manufacturing capacity to increase to 1,600 TPD from 750 TPD. To increase corn wet milling capacity to 9,000 TPD by 2030.
Rupie Times Insight:Significant capacity expansion in corn processing. Hubli becomes a key hub; long-term volume growth story.
Union Bank of India
Bank unions call strike on Sept. 11, Sept. 28-30 and from Oct. 26 onwards. UFBU, AIBOA, AIBASM and BKSM to participate in proposed strikes. Bank says branch and office operations may be impacted if strike proceeds. Taking steps to ensure smooth operations during strike period. Unable to quantify impact at present.
Rupie Times Insight:Strike threats could cause temporary disruption. Bank is trying to mitigate, but wage negotiations remain an overhang.
Wipro
Launches CISO Command Centre with CrowdStrike for enterprise cybersecurity operations.
Rupie Times Insight:Strengthens cybersecurity offerings with CrowdStrike. Could attract large enterprise clients worried about rising cyber threats.
Shriram Finance
Allots NCDs worth Rs 2,220 crore on private placement basis.
Rupie Times Insight:Fund raising via NCDs to support business growth. Private placement shows institutional confidence.
Coal India
Subsidiary Northern Coalfields reports coal production up 67% and dispatches up 75% as of Sept. 8 after monsoon impact eases. FY27 coal production at 51.43 MT and coal supplies at 55 MT till Sept. 8. Around 87% of coal supplies directed to the power sector. Rake loading rises to 41 rakes on Sept. 8 from average 19 rakes during Sept. 1-3. Coal India's daily coal production rises 40% to 1.91 MT on Sept. 8 from average 1.36 MT during Sept. 1-3. Daily power sector dispatches rise 27% to 1.74 MT from average 1.37 MT during Sept. 1-3.
Rupie Times Insight:Strong post-monsoon recovery. Higher production and dispatches ease power sector supply worries.
IRB Infrastructure Developers
August toll revenue rises around 25% YoY to Rs 807 crore from Rs 646 crore. Management says traffic growth and FY27 tariff revision supported revenue growth. Expects positive traffic momentum to continue amid robust economic activity and festive season demand.
Rupie Times Insight:Healthy toll revenue growth signals strong traffic. Festive season may further boost numbers.
AU Small Finance Bank
RBI approves ICICI Prudential Asset Management Company to acquire aggregate holding of up to 9.95% in the bank.
Rupie Times Insight:ICICI Pru MF getting significant stake. Institutional interest positive for the bank.
Eris Lifesciences
Avails term loan of Rs 45 crore from Axis Bank. Total outstanding borrowings comprise term loans of Rs 155.77 crore and working capital loans of Rs 55 crore.
Rupie Times Insight:Additional debt to fund operations or expansion. Leverage remains manageable but watch interest costs.
Shakti Pumps
Receives order from MSEDC for 10,000 off-grid solar photovoltaic water pumping systems across Maharashtra. Empanelment covers 3 HP, 5 HP and 7.5 HP solar water pumps. Order value at Rs 236 crore. Order to be executed within 60 days from issuance of work order/notice to proceed. Scope includes design, manufacture, supply, transport, installation, testing and commissioning.
Rupie Times Insight:Large repeat order, fast execution. Boosts order book and reinforces leadership in solar pumps.
Central Bank
UFBU announces strikes on Sept. 11, Sept. 28-30 and continuous strike from Oct. 26. Bank taking necessary steps to ensure smooth functioning of branches and offices if strike materialises. Operations may be affected if strike proceeds.
Rupie Times Insight:Similar to other PSU banks, strike could temporarily disrupt services. No immediate financial impact quantified.
JK Paper
Acquires remaining 20% stake in Radhesham Wellpack for Rs 44.02 crore. Acquisition comprises 25,000 equity shares of Rs 100 each. Radhesham Wellpack becomes wholly owned subsidiary following the acquisition.
Rupie Times Insight:Full ownership of packaging subsidiary. Simplifies structure, may improve synergies.
Natco Pharma
Files draft letter of offer for proposed rights issue of equity shares. Proposed rights issue size up to Rs 1,300 crore.
Rupie Times Insight:Rights issue to fund growth or repay debt. Shareholders can subscribe at a discount.
ICICI Bank / ICICI Prudential AMC
RBI approves ICICI Prudential AMC to acquire aggregate holding of up to 9.95% in CSB Bank, DCB Bank, Kotak Mahindra Bank and AU Small Finance Bank. Approval covers acquisition of up to 9.95% of paid-up share capital or voting rights in each bank. ICICI Prudential AMC required to acquire major shareholding within one year. Approvals to stand cancelled if not complied with.
Rupie Times Insight:ICICI Pru MF gets approval to hold near-10% in four banks. Strategic investment move.
Enviro Infra Engineers
Subsidiary Suyog Urja receives LOI worth Rs 224.19 crore from Tata Power Renewable Energy for EPC turnkey works for 180 MW NTPC wind power project at Parli, Maharashtra. Order to be executed by March 31, 2027. Scope includes WTG foundation works, balance of plant works and 33 kV transmission line works. Project includes foundation works for 58 wind turbine generators, construction and commissioning of 33 kV transmission line and installation of STATCOM/harmonic filter systems.
Rupie Times Insight:Big order win in renewable EPC. Strengthens order book and relationship with Tata Power.
Hinduja Global Solutions
Subsidiary IndusInd Media & Communications approves sale of entire 51% stake in Bhima Riddhi Infotainment. Sale consideration at Rs 16 crore, comprising Rs 10 crore towards share sale/buyback and Rs 6 crore from sale of set-top boxes. Transaction expected to be completed on or before Sept. 30, 2026. Bhima Riddhi reported FY26 turnover of Rs 99.80 crore and net worth of Rs 19.26 crore.
Rupie Times Insight:Exit from non-core investment. Focus on core operations, small cash inflow.
Gujarat Gas
Morbi region gas volumes fall to 0.8 mmscmd, owing to a price gap of more than Rs 20 between gas and propane. Gas volumes in Morbi stood at 5.67 mmscmd in Q1FY27. Source: Dealer check.
Rupie Times Insight:Sharp volume decline due to alternative fuel switching. Margin pressure may continue if gap persists.
TSF Investments
NCLT Chennai sanctions amalgamation of Forge 2000 Private Limited with Axles India. Forge 2000 is a wholly owned subsidiary and Axles India is a subsidiary. NCLT order dated Aug. 27, 2026 uploaded on NCLT portal on Sept. 8, 2026.
Rupie Times Insight:Group restructuring to simplify holdings. May improve operational efficiency.
HMA Agro Industries
Executes share sale agreement to divest entire stake in FNS Agro Foods. To sell 8,95,593 equity shares at Rs 55.92 per share, aggregating Rs 5.01 crore. Proposed acquirers comprise promoters and promoter group members. Transaction classified as a related party transaction.
Rupie Times Insight:Promoter group buying out subsidiary stake. Minor transaction, no major impact.
Cupid
Promoter Aditya Kumar Halwasiya acquires 15 lakh equity shares through open market transaction. Stake increases to 33.80% from 33.69%. Promoter group holding rises to 46.75% from 46.64%.
Rupie Times Insight:Promoter increasing stake marginally. Signals confidence in business outlook.
Keystone Realtors
Forms One Landmark House LLP on Sept. 8, 2026 with Rs 50,000 investment and 50% profit sharing.
Rupie Times Insight:Small partnership for a new project. Typical for real estate development.
Zaggle Prepaid Ocean Services
Income Tax Commissioner dismisses company's appeal against AY25 assessment order and demand notice of Rs 6 crore. Company to challenge order before Income Tax Appellate Tribunal. Company says it has strong grounds to defend its position and will pursue available legal remedies. Order received on Sept. 8, 2026.
Rupie Times Insight:Tax dispute continues. Rs 6 crore demand is a near-term overhang, but company plans to appeal.
Dilip Buildcon
Gets Rs 1,800 crore order from Petroleum and Natural Gas Regulatory Board to lay LPG pipeline. Execution period is three years and operation period is 25 years.
Rupie Times Insight:Major order win, long execution period. Adds visibility to revenue for years.
Punjab National Bank
UFBU proposes strike on Sept. 11. UFBU, AIBASM and BKSM propose strike on Sept. 28-30 and continuous strike from Oct. 26. Bank taking necessary steps for smooth functioning of operations.
Rupie Times Insight:PSU bank strike may affect branch services. No financial impact quantified yet.
JSW Energy
Ind-Ra affirms existing ratings and assigns IND AA/Stable ratings on proposed debentures and loans.
Rupie Times Insight:Stable credit rating. Reflects healthy financial profile.
Schneider Electric
GST adjudication order demands Rs 3.47 crore IGST, Rs 35.18 lakh penalty, plus interest for FY23.
Rupie Times Insight:Tax demand is small relative to size. Likely to appeal or pay, minimal impact.
Fine Organic Industries
Completes acquisition of 80% stake in Oleofine Organics for Rs 80.17 crore. Oleofine Organics becomes subsidiary with effect from Sept. 9, 2026. Oleofine Organics reported FY26 turnover of Rs 54.17 crore.
Rupie Times Insight:Consolidation in oleochemicals. Acquisition adds revenue and synergies.
Bank of Maharashtra
Seven unions propose strike on Sept. 11. Bank taking necessary steps for smooth functioning of operations.
Rupie Times Insight:Strike could temporarily disrupt operations. Bank is prepared.
REC
Sells Musalgaon Power Transmission to Maharashtra State Electricity Transmission Company for Rs 2.2 crore.
Rupie Times Insight:Small divestment, not material.
Canara HSBC Life Insurance
Board approves reappointment of Independent Directors Dr Kishore Kumar Sansi and Supratim Bandyopadhyay for three years.
Rupie Times Insight:Continuity in board. Routine governance matter.
Muthoot Finance
Asia Asset Finance PLC allots 3.29 crore shares for Rs 31 crore to the company.
Rupie Times Insight:Subsidiary fund infusion. Supports growth of overseas arm.
63Moons
NCLT approves Ticker Limited resolution plan on Sept. 8, 2026.
Rupie Times Insight:Positive resolution for group company. May unlock value.
Anupam Rasayan
Completes acquisition of 2,60,065 Tanfac shares for Rs 60.88 crore on preferential basis.
Rupie Times Insight:Strategic stake increase in Tanfac. Strengthens specialty chemicals presence.
Raghav Productivity Enhancers
CRISIL upgrades long-term bank facilities rating to CRISIL A/Stable from CRISIL A-/Positive. Rating upgrade applies to Rs 15 crore long-term bank facilities.
Rupie Times Insight:Rating upgrade reflects improving financials. Lower borrowing costs possible.
Indian Bank
UFBU calls strike on Sept. 11, Sept. 28-30 and continuous strike from Oct. 26. UFBU comprises AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBOC and INBEF. Bank has made arrangements to ensure smooth functioning during strike period. Branch and office operations may be affected if strike materialises.
Rupie Times Insight:Strike impact may be limited; bank is prepared.
IDBI Bank
Clarifies it cannot confirm or deny media report on strategic disinvestment process, citing confidentiality. Strategic disinvestment is being undertaken by Government of India through a competitive bidding process. Company has no role in the reported IIFL Finance matter.
Rupie Times Insight:Disinvestment speculation continues. No official update.
Nesco
Receives penalty of Rs 2.10 crore from National Highways Logistics Management Limited for delay in project implementation timelines.
Rupie Times Insight:Small penalty, but highlights project execution delays.
Indian Bank
To divest up to 15 lakh NSE shares through offer for sale in proposed NSE IPO. Proposed sale represents 17.91% of Indian Bank's holding in NSE. Dividend received from NSE stood at Rs 29.31 crore in FY26. Transaction expected to be completed by end-September 2026.
Rupie Times Insight:Monetizing NSE stake. One-time gain likely.
ICICI Prudential Asset Management Company
RBI approves acquisition of aggregate holding of up to 9.95% in CSB Bank, DCB Bank, Kotak Mahindra Bank and AU Small Finance Bank. Acquisition to be undertaken on behalf of schemes of ICICI Prudential Mutual Fund, AIF schemes and PMS clients.
Rupie Times Insight:Approval enables large fund house to take strategic stakes in banks.
Aditya Infotech
Fire reported at AIL Dixon's Kopparthy plant on Sept. 9, 2026. Estimated loss at Rs 28 crore.
Rupie Times Insight:Fire incident may disrupt production. Loss quantum Rs 28 crore, likely insured.
Aditya Infotech
Income Tax Appellate Tribunal rules in favour of the company in AY20 tax matter. ITAT deletes remaining tax addition of Rs 3.60 crore and dismisses additional grounds raised by the Revenue. Entire additions of Rs 40.38 crore made during AY20 assessment proceedings stand deleted.
Rupie Times Insight:Major tax relief. No cash outflow, positive sentiment.
RBL Bank
Approves pricing, tenure and other terms of senior notes under its $1 billion Euro Medium Term Note Programme. Senior notes to be issued under the programme established by the bank. Comes in continuation of EMTN Programme establishment announced on Sept. 7, 2026.
Rupie Times Insight:Fund raising via overseas bonds. May help manage capital.
Gujarat Narmada Valley Fertilizers & Chemicals
Sanjeev Kumar, IAS takes additional charge as Managing Director effective Sept. 9, 2026. Rajkumar Beniwal, IAS ceases to be Managing Director effective Sept. 9, 2026 following transfer. Company to place proposal for appointment of Sanjeev Kumar, IAS as Additional Director and Managing Director before the Board.
Rupie Times Insight:Top management change. Routine bureaucratic reshuffle.
📅 BOARD MEETINGS · LOCK-IN · IPO · AGM
Board MeetingsAjmera Realty & Infra India: To decide on fund raising.
Gujarat Themis Biosyn: To decide on fund raising.
Gujarat Themis Biosyn: To decide on fund raising.
Share To Exit Lock-InSedemac Mechatronics: 17 million shares (38%) exit six-month lock-in.
IPO OpeningVeegaland Developers IPO – real estate development. FY26 Total Income ₹254.16 Cr, PAT ₹26.61 Cr, Net Worth ₹266.90 Cr.
AGM TodayThomas Cook, Sammaan Capital, Interarch Build, TD Power System, Vadilal Industries, Schneider Infra, Sambhv Steel, Carraro India, United Food, Sai Parenterals, Shalby.
📊 BULK / BLOCK DEALS · INSIDER TRADES · F&O
Bulk/Block DealsBiocon: Activ Pine sold 1.66 Cr shares @ ₹385; ICICI Pru MF bought 74.03 L, SBI MF 14.24 L. Graphite India: HRTI bought 1.80 L @ ₹843.06. Premier Explosives: Ashika Global sold 4.50 L @ ₹666.52. Raymond: HRTI bought 97,485 @ ₹801.13.
Insider TradesGandhar Oil: Ramesh B. Parekh (Promoter) bought 50,000. Indoco Remedies: promoters bought ~38,930 shares. Jindal Stainless: JSL Overseas bought 6.41 L. Shakti Pumps: Shakti Brothers Trust bought 11,800.
Trading TweaksPrice band 10%→5%: Lalithaa Jewellery Mart. 20%→10%: MV Electrosystems, Wheels India. ASM Stage I: ESDS, Raymond, Wheels India. Excluded: Alok Industries, Cyient, Electronics Mart.
F&O CuesNifty Sept futures up 0.92% to 23,530 (premium 99 pts). Max Call OI at 24,000; Max Put OI at 23,000 (Sept 15 expiry).
Securities under banBandhan Bank, Inox Wind, Kaynes Technology, LIC Housing Finance, Manappuram Finance, SAIL.









