An arbitral tribunal awarded Bharat Heavy Electricals Limited (BHEL) a net ₹1,70,78,29,532, plus interest on a partial amount, in an arbitration related to the Amravati Phase-II Project. RattanIndia Power said most BHEL claims were rejected and its own claims were allowed, and it is evaluating legal remedies including a High Court challenge and potentially an appeal to the Supreme Court.
The Punjab and Haryana High Court remanded Nectar Lifesciences’ GST dispute to the Appellate Authority for fresh consideration on September 24, 2026. If the matter is reconsidered adversely, the company says it may face a ₹89.32 crore demand plus interest and penalties, and a separate ₹6.24 crore demand; it may appeal to the Tribunal if required.
Why it matters
CapitSignal interpretation
Litigation creates a contingent liability that is not in reported profit until it crystallises.
5.7% of FY25 revenue
₹95.56 Cr stated in the filing against ₹1,673.07 Cr revenue (FY25, standalone)
For the quarter ended September 30, 2026, Ujjivan Small Finance Bank reported provisional total deposits of ₹50,649 crore, up 29.2% year on year, and a gross loan book of ₹45,699 crore, up 32.1%. GNPA declined to 2.10% from 2.45% a year earlier, while Q2FY27 disbursements rose 33.1% year on year to ₹10,560 crore.
Why it matters
CapitSignal interpretation
Production and sales volumes are the operating data behind the next set of reported numbers.
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Fact
Volume trend against the prior period
we have also given you a guidance. ED Madam said it will be around 6.4%, which will be the opex to ATA by the (management committed by FY27)
we are adding 144 branches this year. (management committed by FY27)
Baazar Style Retail reported H1 FY27 revenue from operations of ₹9,645 Mn, up 6% year on year, while Q2 FY27 revenue declined 10% year on year to ₹4,781 Mn. The company ended September 30, 2026 with 283 stores and 26.69 lakh sq. ft. of rental area, adding 14 stores and closing 7 during Q2 FY27; it attributed weaker Q2 performance partly to Durga Puja demand shifting from Q2 FY26 to Q3 FY27.
Why it matters
CapitSignal interpretation
Production and sales volumes are the operating data behind the next set of reported numbers.
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Fact
Volume trend against the prior period
With the capital now in place, we have the opportunity to accelerate this growth to 60 to 80 stores per year, (management committed by FY27)
We operate 252 stores as of December ’25 and we have a clear roadmap to scale to 500 plus stores over the next (management committed by FY27)
Ruchi Infrastructure Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Why it matters
CapitSignal interpretation
The company has flagged that a potential liability from the long-pending customs proceeding may be material, although neither the claim amount nor financial impact has been quantified.
What happened
Fact
Ruchi Infrastructure received a notice on 3rd October, 2026 regarding C.E.A. No. 43 of 2009, filed by the Commissioner of Customs, Vishakhapatnam, before the Andhra Pradesh High Court at Amaravati. The appeal challenges a 5th November 2008 Customs, Excise and Service Tax Appellate Tribunal order; the matter remains pending and any liability has yet to be determined.
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Fact
Further High Court proceedings or orders in C.E.A. No. 43 of 2009
Company disclosure of any quantified liability or financial impact
Raymond Limited has informed the Exchange about Approval Of Preferential Issue By Shareholders
Why it matters
CapitSignal interpretation
The approval clears the shareholder-level requirement for the proposed preferential issue, but this filing does not disclose the issue size, securities, pricing, or intended use of proceeds.
What happened
Fact
Raymond Limited shareholders approved the proposed preferential issue of securities on a private placement basis through a special resolution at the extraordinary general meeting held on October 3, 2026. The company also disclosed the e-voting results and Scrutinizer’s Report.
2,57,438Shareholders on record date
Number of shareholders as of September 26, 2026
45Shareholders attending by video conference
7 promoter and promoter group shareholders and 38 public shareholders attended
Special ResolutionResolution type
Resolution approving the preferential issue of securities on a private placement basis
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Fact
Further disclosure of the preferential issue size, securities, pricing, and allotment details
Completion of the preferential issue following shareholder approval
Update 7 of 7 in a matter ongoing since Procedural
Distressinsolvency
As filed
Shrenik Limited has informed the Exchange about Corporate Insolvency Resolution Process Outcome of the 2nd (Second) Meeting of the Committee of Creditors (CoC) of Shrenik Limited (In CIRP)
Why it matters
CapitSignal interpretation
The company remains in the corporate insolvency resolution process, but this filing does not disclose any specific creditor decision, resolution-plan progress, or financial outcome.
What happened
Fact
Shrenik Limited’s second Committee of Creditors meeting was held on October 1, 2026, through video conferencing and physical mode. The committee deliberated on agenda items and other matters placed before it; no resolutions or financial outcomes were disclosed.
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Fact
Any disclosed CoC resolutions or voting outcomes
Appointment of a Resolution Professional
Further developments in Shrenik’s corporate insolvency resolution process
L&T Finance Limited has informed the Exchange regarding Company's Business Update for Q2FY2026-27.
Why it matters
CapitSignal interpretation
The update points to strong expansion in L&T Finance’s retail lending activity and continued concentration of the business in retail. The figures remain estimated and provisional until limited review by the statutory auditors.
What happened
Fact
L&T Finance estimated Q2FY2026-27 retail disbursements at approximately Rs. 24,000 crores, up approximately 27% year on year, while its retail loan book was estimated at approximately Rs. 1,34,500 crores, up approximately 29% year on year. Retailisation was estimated at 99%, compared with 98% in Q2FY2025-26; the figures are provisional and subject to limited statutory auditor review.
Solex Energy Limited has informed the Exchange about Bagging/Receiving of orders/contracts
Why it matters
CapitSignal interpretation
The orders add ₹75.96 crore of disclosed business to Solex Energy’s order pipeline and provide near-term manufacturing and supply activity through November 2026. The filing states that the awarding entities are domestic and that there is no promoter or related-party interest.
What happened
Fact
Solex Energy received work orders from domestic power and electricity-sector entities for manufacturing and supplying N-Type TOPCON 620Wp Glass-to-Glass (G12R) Solar PV Modules. The orders have a total value of ₹75.96 crore, inclusive of applicable taxes, and are scheduled for execution by the end of November 2026.
₹75.96 CroreOrder value
Aggregate value of the work orders, inclusive of applicable taxes
Supreme Engineering Limited has informed the Exchange about Supply Order received from Ministry of Defence
Why it matters
CapitSignal interpretation
The order adds government defence-related business and provides a defined execution opportunity over the stated period. The filing does not disclose the order’s contribution to revenue or profitability.
What happened
Fact
Supreme Engineering Limited received a domestic supply order from the Ministry of Defence for specialty alloy steel bars used in defence applications. The order is to be executed within six months and does not involve a related-party transaction, according to the filing.
Rs. 2,83,55,145.12Order value
Aggregate consideration of the supply order
Six MonthsExecution period
Time period for completing the order
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Fact
Execution and delivery within the six-month period
Any subsequent disclosure on order completion or additional defence orders
RattanIndia Power Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Why it matters
CapitSignal interpretation
The award creates a potential financial obligation of ₹170.78 crore plus applicable interest, although the company may challenge it through available legal remedies. The final financial impact will depend on the outcome of those proceedings and the interest amount.
What happened
Fact
An arbitral tribunal awarded Bharat Heavy Electricals Limited (BHEL) a net ₹1,70,78,29,532, plus interest on a partial amount, in an arbitration related to the Amravati Phase-II Project. RattanIndia Power said most BHEL claims were rejected and its own claims were allowed, and it is evaluating legal remedies including a High Court challenge and potentially an appeal to the Supreme Court.
₹1,70,78,29,532Net amount awarded to BHEL
Arbitral award, excluding interest on a partial amount
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Fact
Whether RattanIndia Power challenges the award before the competent High Court
Any disclosure of the interest amount or accounting impact
Ujjivan Small Finance Bank Limited has informed the Exchange about Key Business Update Q2 FY27
Why it matters
CapitSignal interpretation
The filing shows broad-based balance-sheet growth alongside lower reported GNPA and PAR ratios, with the secured book rising to 52.0% of the gross loan book. The Q2FY27 information is provisional and subject to audit or limited review by the statutory auditors.
What happened
Fact
For the quarter ended September 30, 2026, Ujjivan Small Finance Bank reported provisional total deposits of ₹50,649 crore, up 29.2% year on year, and a gross loan book of ₹45,699 crore, up 32.1%. GNPA declined to 2.10% from 2.45% a year earlier, while Q2FY27 disbursements rose 33.1% year on year to ₹10,560 crore.
₹50,649 crore; 29.2% YoY; 5.2% QoQTotal deposits
Q2FY27 deposits and reported year-on-year and quarter-on-quarter change
₹45,699 crore; 32.1% YoY; 6.5% QoQGross loan book
Q2FY27 gross loan book, including securitization, and reported changes
₹13,182 crore; 22.2% YoY; CASA ratio 26.0%CASA
Q2FY27 CASA balance and CASA ratio
₹10,560 crore; 33.1% YoY; 14.2% QoQDisbursements
Q2FY27 total disbursements and reported changes
₹23,773 crore; 47.0% YoY; 52.0% of gross loan bookSecured book
Q2FY27 total secured book and secured-book proportion
2.10% versus 2.45% in Q2FY26 and 2.17% in Q1FY27GNPA
Reported gross non-performing assets ratio
3.57% versus 4.45% in Q2FY26 and 3.58% in Q1FY27PAR
Reported PAR ratio
99.72% versus 99.48% in Q2FY26 and 99.68% in Q1FY27Micro Banking Bucket X collection efficiency
Reported collection efficiency for Micro Banking group and individual loans
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Fact
Audit or limited-review confirmation of the provisional Q2FY27 figures
Whether deposit and gross loan book growth continues in subsequent quarters
Subsequent movement in GNPA, PAR and Micro Banking Bucket X collection efficiency
Nectar Lifesciences Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Why it matters
CapitSignal interpretation
The remand reopens a substantial GST dispute after the Appellate Authority had dropped the ₹89.32 crore balance demand. The final liability remains unascertainable, but an adverse reconsideration could create exposure to the stated demands, interest and penalties.
What happened
Fact
The Punjab and Haryana High Court remanded Nectar Lifesciences’ GST dispute to the Appellate Authority for fresh consideration on September 24, 2026. If the matter is reconsidered adversely, the company says it may face a ₹89.32 crore demand plus interest and penalties, and a separate ₹6.24 crore demand; it may appeal to the Tribunal if required.
₹89.32 crorePotential GST demand
demand that may be reinstated, along with interest and penalties, upon fresh consideration
₹6.24 croreSeparate remanded demand
demand previously remanded for de novo adjudication
₹17.06 lakhConfirmed ineligible ITC
ITC confirmed by the Appellate Authority, with an equivalent penalty
₹25,000 eachQuashed personal penalties
penalties previously imposed on three individuals and quashed by the Appellate Authority
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Fact
Appellate Authority’s fresh consideration of the GST matter
Outcome of de novo adjudication of the ₹6.24 crore demand
Wipro Limited has informed the Exchange that pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is
Why it matters
CapitSignal interpretation
The internal reorganization consolidates VLSI and engineering-service operations within another Wipro step-down subsidiary. The filing does not specify cash consideration, a share exchange ratio, or any change in Wipro Limited's shareholding pattern.
What happened
Fact
Wipro said the merger of step-down subsidiary Wipro VLSI Design Services, LLC into step-down subsidiary Wipro IT Services, LLC was completed effective October 1, 2026 (Eastern Time). The stated rationale is to rationalize and consolidate the overall group structure.
CMR Green Technologies Limited has informed the Exchange regarding Resignation of Mr Yugal Kishor Garg as Chief Financial Officer of the company w.e.f. October 23, 2026.
Why it matters
CapitSignal interpretation
The company will experience a change in its CFO and KMP, while the proposed successor's designation remains subject to Board approval. The filing does not indicate financial distress or provide further reasons beyond personal commitments and priorities.
What happened
Fact
CFO and KMP Yugal Kishor Garg resigned citing personal commitments and priorities, with his cessation effective 23 October 2026. President Finance Satish Kumar Kaushik, appointed on 28 September 2026, is proposed to become CFO and KMP subject to Board approval in November 2026.
23rd October, 2026CFO cessation date
Effective date of Yugal Kishor Garg's resignation
November 2026Proposed Board approval timing
Scheduled Board meeting for designation of the new CFO
Nearly 25 yearsIncoming finance leader experience
Satish Kumar Kaushik's stated professional experience
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Fact
Board approval of Satish Kumar Kaushik's designation as CFO and KMP in November 2026
The company's subsequent disclosure confirming the appointment
Completion of Yugal Kishor Garg's cessation on 23 October 2026
Baazar Style Retail Limited has informed the Exchange regarding 'Business Updates for Second Quarter and Half Year ended September 30, 2026. (Q2 & H1 FY 27)'.
Why it matters
CapitSignal interpretation
The update shows continued network and rental-area expansion alongside H1 revenue growth, but reported same-store sales and sales productivity declined, particularly in Q2. Comparisons are affected by the shift of the major festive period from Q2 FY26 to Q3 FY27, and the Q2 revenue figure remains subject to limited review or audit.
What happened
Fact
Baazar Style Retail reported H1 FY27 revenue from operations of ₹9,645 Mn, up 6% year on year, while Q2 FY27 revenue declined 10% year on year to ₹4,781 Mn. The company ended September 30, 2026 with 283 stores and 26.69 lakh sq. ft. of rental area, adding 14 stores and closing 7 during Q2 FY27; it attributed weaker Q2 performance partly to Durga Puja demand shifting from Q2 FY26 to Q3 FY27.
₹9,645 Mn, up 6% YoYH1 FY27 revenue from operations
Standalone revenue from operations
₹4,781 Mn, down 10% YoYQ2 FY27 revenue from operations
Standalone revenue from operations; subject to limited review / audited by statutory auditors
283 stores, up 13% YoYStore network
Total stores as of September 30, 2026
26.69 lakh sq. ft., up 16% YoYRental area
Total rental area as of September 30, 2026
-25% in Q2 FY27 and -11% in H1 FY27Reported SSSG
Reported same store sales growth
₹642 per month in Q2 FY27 and ₹660 per month in H1 FY27Sales per square feet
Sales per square feet per month
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Fact
Q3 FY27 revenue and same-store sales after the festive-period shift
Whether sales per square feet improves as the expanded store network matures
Statutory auditor review or audit of Q2 FY27 revenue
Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding 'Plant Shutdown'.
Why it matters
CapitSignal interpretation
The shutdown temporarily interrupts plant operations, while the duration and timing of the restart remain subject to execution of the maintenance and replacement work.
What happened
Fact
SPIC’s plants were shut down from 3 October 2026 for periodical maintenance, critical equipment replacement and related activities. The company expects operations to resume within four weeks and will inform the exchange when the plants restart.
3rd October 2026Shutdown start
Date the plants were shut down
Within four weeksExpected shutdown duration
Company-stated expected period before operations resume
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Fact
Confirmation that the plants restart within four weeks
Any update indicating a delay or change in the shutdown period
Skipper Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Why it matters
CapitSignal interpretation
The proposed GST exposure has been substantially reduced, but the company continues to face a contested tax proceeding. Skipper states that the demand is not an ascertained liability or expected financial outflow.
What happened
Fact
The Odisha GST authority rectified the proposed demand in its September 30, 2026 show-cause notice to Rs. 40,95,59,214.00 from Rs. 2,27,53,28,966. Skipper said it considers the rectified demand erroneous, will contest it, and does not accept the proposed liability.
Rs. 40,95,59,214.00Rectified proposed GST demand
amount proposed in the rectification show-cause notice dated October 1, 2026
Rs. 2,27,53,28,966Original proposed GST demand
amount proposed in the original show-cause notice dated September 30, 2026
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Fact
Skipper’s response to the rectified show-cause notice
Any final GST order or further change in the proposed demand
Texmaco Rail & Engineering Limited has informed the Exchange about receipt of order worth Rs. 3.65 Crores (incl. taxes) from West Central Railway
Why it matters
CapitSignal interpretation
The disclosure adds a railway order to Texmaco Rail’s order intake, although the filing does not provide the order’s contribution to revenue or profitability. The contract is domestic and is not stated to involve a related-party transaction.
What happened
Fact
West Central Railway issued Texmaco Rail & Engineering a Letter of Acceptance for a domestic order to provide anti-bird discs to prevent bird faults. The order, valued at Rs. 3.65 crores including taxes, is to be executed within 12 months from the Letter of Acceptance date.
Rs. 3.65 croresOrder value
Total contract consideration, including taxes
Within 12 monthsExecution period
Period from the date of issue of the Letter of Acceptance
West Central RailwayAwarding entity
Entity awarding the contract
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Fact
Execution of the order within 12 months from the Letter of Acceptance date.
Any subsequent disclosures on order execution, revenue recognition, or additional railway contracts.
