PFLINFOTC
General          
PRIMECAPM
A.G.M.;General        
PRUDMOULI
A.G.M.          
RAINBOWF
A.G.M.          
RANJEET
A.G.M.          
ROLEXRINGS
Stock  Split        
SAWACA
A.G.M.;General        
SGLRES
Audited Results        
SITAENT
General          
SMARITIME
A.G.M.;General        
SOMICONVEY
A.G.M.;General        
SOUTHERNIN
A.G.M.;General        
SPARKLEGR
A.G.M.          
STDSFAC
A.G.M.          
STERPOW
General;A.G.M.        
SYNTHFO
Consolidation of Shares      
TAHMARENT
General          
TRANSPACT
A.G.M.;Audited Results;General    
TRIVENIGQ
General          
UNQTYMI
A.G.M.          
VALECHAENG
Audited Results        
VRL
A.G.M.;Final Dividend      
WISEC
General          
ZBINTXPP
A.G.M.          
ZPRBHSTE
General;A.G.M.


*SEC. IN F&O BAN FOR, 04-Sep-25*

*1. RBLBANK*


*Today's Alert :*


*RBI to Conduct Auction of GOI BONDS for INR 250 BILLION*

*GIFT NIFTY +14 (24975) from last trade 24961*

*Nikkei +135 pts ,*
*Hangseng +104 pts ,*


Dow +196.39 pts ,Nsdq +80.79 pts, S&P +17.46 pts , Bovespa -173 pts , Ftse +21 pts , Dax -88 pts , Cac +14 pts , Crude @ $62.99 brl (+0.36) Brent @ $66.74 brl (+0.35) , Gold @ 3666.60 (-15.10), Silver @ $41.26 (-0.08), Euro @ $1.1699, JPY @ $147.41, INR @ 88.245




*Today's Corporate Action*
*10 Sep Ex Date*



ASTRAMICRO
Final Dividend - Rs. - 2.2000
CAMPUS
Final Dividend - Rs. - 0.3000
FORCEMOT
Dividend - Rs. - 40.0000
GSPL
Final Dividend - Rs. - 5.0000
INDOBELL
Final Dividend - Rs. - 2.0000
KITEX
Final Dividend - Rs. - 0.5000
MUFTI
Final Dividend - Rs. - 3.0000
PNBGILTS
Final Dividend - Rs. - 1.0000
SANDUMA
Final Dividend - Rs. - 1.2500
SIGMA
Final Dividend - Rs. - 0.5000



*Today's Board Meetings*
*10-Sep-25*


ALFATRAN
Increase in Authorised Capital  
CHECKPOINT
Preferential Issue of shares;Issue Of Warrants
HEALTHYLIFE
General    
LEEL
General    
PICCADIL
Preferential Issue of shares  
RACE
Scheme of Arrangement  
WARDINMOBI
General;Right Issue of Equity Shares
 



*Stock under F&O ban on NSE*
*10-Sep-25*



1 RBLBANK

*News Headlines from Business News Agencies :*

*Business Standard :*

📝 Green hydrogen cost in India to fall to $2 per kg by 2032: Mission director

📝 Mount Everest Breweries acquires Cheers Breweries in ₹300 crore deal

📝 Cabinet okays Hudco loan of ₹2,000 cr for projects in Sambhajinagar, Nagpur

📝 Brigade Group inks pact for Rs 2,500 cr residential project in Bengaluru

📝 Realty India's #1 investment at 63%, premium home demand doubles post Covid

📝 India tests alternate EV motors as China tightens rare earth exports

📝 TCS & CEA of France sign agreement to collaborate in Physical AI research

📝 Steel demand weak till September, rebound from October: Naveen Jindal

📝 Global trade tensions a threat for domestic ferro alloys sector: IFAPA

📝 Household quarterly spending rises 33% to ₹56,000 in 2025: Report

📝 Sebi refuses more data to US trading firm Jane Street as probe deepens

📝 Govt plans relief package as US tariffs hit Indian steel, aluminium sectors


*Economic Times :*

📝 Tata Power, Tata Passenger Electric Mobility unveil mega EV charging hub

📝 India, EU push to close gaps in trade talks as year-end deadline looms

📝 CoinDCX CHRO Mudita Chauhan and CISO Sridhar G step down

📝 Dharan Infra-EPC secures new contracts worth Rs 262 crore

📝 JLR slashes Defender, Range Rover and Discovery prices by up to ₹30.4 lakh after GST rate cut

📝 Waaree Renewable gets Rs 1,252 cr order for solar project

📝 Engaged with Govt on reducing input cost for making steel, says Indian Steel Association Secy General

📝 DP World Mundra handles record 142,273 TEUs in August

📝 Maersk CEO warns of downside risk to oil prices amid OPEC+ output rise

📝 Life insurance companies dismiss GST exemption concerns, see limited impact on input tax credit: Report

📝 Dish TV begins phasing out set-top box subsidies amid diversification push


*Mint :*

📝 Indians lead in digital health adoption with 70% using tech tools: BCG

📝 India aims to finalize Peru, Chile, Mexico FTAs to counter US tariffs

📝 SBI bonds worth $500 million list on NSE-IX at GIFT City

📝 Indias Fitness industry to more than double by 2030, reaching ₹37,700 Cr with 15% CAGR: Report

📝 GST reforms were long overdue, there were too many rates, says Jamshyd Godrej

📝 Sebi notifies easier delisting rules for PSUs with 90% govt holding

📝 Need proactive outreach, handholding of trade for seamless transition to new GST rates: CBIC chief

📝 Jio Financial Services executes joint venture agreement with Allianz

📝 Semiconductor equipment billings in Taiwan to double this year: SEMI

📝 IFC Seeks $300 Million to Fund Electricity Mini-Grids in Africa

🇮🇳India Daybook Stocks in News


*Sterling and Wilson:* Company bags Rs 415 cr LoA for 300 MW solar project in Rajasthan (Positive)

*OFSS:* US parent Oracle Inc jumps 27% in extended trading on Tuesday. (Positive)

*Insolation Energy:* Company incorporates three wholly owned step-down arms to set up solar power plants. (Positive)

*Vikram Solar:* Revenue at Rs 1134 crore versus Rs 631 crore, Net Profit at Rs 133 crore versus Rs 22.8 crore YoY. (Positive)

*Hi-Tech Pipes:* Company will commission its greenfield plant in Sikandrabad, UP. (Positive)

*Route Mobile:* Promoter company, Proximus Global, has been selected by Claro CENAM to support A2P messaging across Latin America (Positive)

*Sri Lotus Developers:* Company has been appointed as developer for a redevelopment project in Bandra West, Mumbai. (Positive)

*Arvind:* Company has announced the inauguration of India’s 1st supercritical CO₂ dyeing machine in Ahmedabad. (Positive)

*Nila Infrastructures:* Company announced the receipt of a Letter of Intimation from Mahesana Municipal Corporation for a project in Gujarat. (Positive)

*Cupid:* Company to Acquire Strategic Stake in Saudi Arabian Luxury Fragrance Brand Mansam. (Positive)

*Mamata Machinery:* Company Bags Export Order for 9-Layer Blown Film Plant (Positive)

*Cupid:* Company has entered into a term sheet to acquire a strategic stake in Mansam, a Saudi Arabian luxury fragrance brand founded in 2022. (Positive)

*Prostarm:* Company Incorporates Wholly Owned Subsidiary for Battery Energy Storage Project. (Neutral)

*Vodafone Idea:* Company Files Fresh PLEA at Supreme Court in AGR Case, Challenges Computation of AGR Dues. (Neutral)

*Bajaj Auto:* Company to Pass on Full GST Reduction Benefit; Prices of Motorcycles and Three-Wheelers to Drop Up To ₹24,000 From September 22 (Neutral)

*Eicher Motors:* Company to Pass on Full GST Reduction Benefit; Prices of Motorcycles and Three-Wheelers to Drop Up To ₹22,000 on 350 cc range (Neutral)

*Inflame Appliances:* Company announced the resignation of CFO Mr. Amit Kaushik, effective Sept 9, 2025. (Neutral)

*Ace Edutrend Limited:* Mrs. Deepali Mahapatra resigned as Company Secretary & Compliance Officer on Sept 09, 2025 (Neutral)

*Gokak Textiles Ltd:* Company plans to sell its knitwear plant in Marihal, Karnataka, due to declining performance. (Neutral)

*Bikaji Foods:* Company issue a clarification after ED summoned company’s Managing Director in connection with an investigation under the Prevention of Money Laundering Act. (Neutral)

*HEG Ltd:* Company announced that LNJ Bhilwara Group, an associate company, acquired Statkraft's 49% stake in Malana Power Company Limited. (Neutral)

*IFCI Ltd:* ICRA has reaffirmed the ratings for its debt instruments. (Neutral)

*Vadilal Industries:* Company announced the appointment of Himanshu Kanwar as CEO (Neutral)

*Blue Jet Healthcare:* Company Promoter Akshay Arora Proposes To Sell 3.42% Stake In Company Via Offer For Sale, Floor Price For Offer For Sale is Rs 675/share (Neutral)

*Kotak Mahindra Bank* block deal: Sumitomo Mitsui to sell 1.65% stake in lender for ₹6,166 crore (Neutral)

*JSW Energy:* India Ratings & Research (Ind-Ra) has affirmed its ratings (Neutral)

*Simplex Castings:* CRISIL has reaffirmed the credit ratings for Simplex Castings Ltd (SCL). (Neutral)

*Hind Zinc:* Vedanta approved ₹5,000 Cr unsecured, listed, rated, non-convertible, redeemable Debentures. (Neutral)

*Thermax:* Company invested ₹115 Cr in First Energy Private Ltd (FEPL), its wholly-owned subsidiary. (Neutral)

*Huhtamaki:* Mr. Jagdish Agarwal has resigned as Director & CFO to pursue professional opportunities (Neutral)

*Mahindra & Mahindra:* Company's August exports rose 15% at 3,575 units year-on-year and sales were down 1% at 74,027 units year-on-year. (Neutral)

*Samvardhana Motherson:* Company has completed the acquisition of the remaining 25% stake in two of its joint venture companies in Turkey (Neutral)

*Maruti Suzuki: Company will commence production of flex fuel vehicles this fiscal, according to its parent Suzuki Motor Corporation. (Neutral)

List of securities included from Short term ASM network: Salasar Techno, KIOCL (Neutral)

Circuit filter changed from 10% to 5%: Prime Focus (Neutral)

Circuit filter changed from 20% to 10%: Precision Cam (Neutral)

*Astra Microwave:* Ex-Date Today, Dividend - Rs. – 2.2/sh (Neutral)

*Campus Activewear:* Ex-Date Today, Dividend - Rs. – 0.3/sh (Neutral)

*Force Motors:* Ex-Date Today, Dividend - Rs. – 40/sh (Neutral)

*Gujarat State Petronet:* Ex-Date Today, Dividend - Rs. – 5/sh (Neutral)

*Indobell Insulations:* Ex-Date Today, Dividend - Rs. – 2/sh (Neutral)

*Kitex Garments:* Ex-Date Today, Dividend - Rs. – 0.5/sh (Neutral)

*Credo Brands:* Ex-Date Today, Dividend - Rs. – 3/sh (Neutral)

*PNB Gilts:* Ex-Date Today, Dividend - Rs. – 1/sh (Neutral)

*Sandur Manganese:* Ex-Date Today, Dividend - Rs. – 1.25/sh (Neutral)

*Sigma Solve:* Ex-Date Today, Dividend - Rs. – 0.5/sh (Neutral)

*Century Plyboards:* Ex-Date Tomorrow, Dividend - Rs. – 1/sh (Neutral)

*Datamatics Global:* Ex-Date Tomorrow, Dividend - Rs. – 5/sh (Neutral)

*Golkunda Diamonds:* Ex-Date Tomorrow, Dividend - Rs. – 1.5/sh (Neutral)

*IRCON:* Ex-Date Tomorrow, Dividend - Rs. – 1/sh (Neutral)

*Lakshmi Engineering:* Ex-Date Tomorrow, Dividend - Rs. – 10/sh (Neutral)

*Nirlon Ltd:* Ex-Date Tomorrow, Dividend - Rs. – 11/sh (Neutral)

*Patanjali Foods:* Ex-Date Tomorrow, Bonus issue 2:1 (Neutral)

*Pondy Oxides:* Ex-Date Tomorrow, Final Dividend - Rs. – 3.5/sh (Neutral)

*Somany Ceramics:* Ex-Date Tomorrow, Final Dividend - Rs. – 3.0/sh (Neutral)

*Silicon Rental Solutions:* Ex-Date Tomorrow, Final Dividend - Rs. – 1.0/sh (Neutral)

*Subros Ltd:* Ex-Date Tomorrow, Final Dividend - Rs. – 2.6/sh (Neutral)

*TNPL:* Ex-Date Tomorrow, Final Dividend - Rs. – 3.0/sh (Neutral)

*TV Today:* Ex-Date Tomorrow, Final Dividend - Rs. – 3.0/sh (Neutral)

*Valiant Communications:* Ex-Date Tomorrow, Dividend - Rs. – 1.5/sh (Neutral)

*Sun Pharma:* Company updates on US FDA classifies Halol facility as official action indicated. Halol facility under import alert, resulting in refusal of shipments into US.

GST Reforms & Insurance – Customer Q&A

❓ 1. Has GST been removed on Health and Life Insurance premiums?
✅ Yes. From September 22, 2025, GST on individual health and life insurance premiums has been reduced from 18% to 0% (NIL).

❓ 2. Does this apply to both new and renewal policies?
✅ Yes. The exemption applies to all new policies and renewals payable on or after September 22, 2025.

❓ 3. What about premiums already paid before September 22?
✅ If you paid premiums (including GST) before September 22, there will be no refund. The benefit begins only after that date.

❓ 4. Do grace period renewals qualify for GST exemption?
✅ No. Payments during the grace period before September 22 will not qualify. Only premiums due on or after September 22 are GST-free.

❓ 5. How much can I save because of GST removal?
✅ Customers save up to 18% on premiums. Example: Earlier, a policy renewal of ₹1,18,000 will now cost only ₹1,00,000.

❓ 6. Does this reform cover all types of policies?
✅ Yes. It covers individual health policies, life policies (Term, ULIP, Endowment), and family floater/senior citizen plans. Reinsurance for such policies is also exempt.

❓ 7. Will insurers reduce premiums immediately?
✅ The GST component will automatically be removed. The base premium remains the same, but the total payable amount will reduce.

❓ 8. Does the exemption also apply to group insurance?
✅ At present, the GST Council’s decision specifically mentions individual health and life insurance. Group products may not enjoy the same benefit.

❓ 9. What does this mean for the general public?
✅ Insurance becomes more affordable, increasing coverage for middle-class families. Overall healthcare costs will reduce, offering a double benefit.

❓ 10. Do policy terms and conditions change due to GST reform?
✅ No. Only the total premium payable changes. Policy terms, coverage, and benefits remain unchanged.

❓ 11. Are top-up and super top-up health plans covered?
✅ Yes. Since they are individual health products, they also fall under 0% GST from September 22, 2025.

❓ 12. What about premiums paid via EMI or monthly mode?
✅ The GST exemption applies to all payment modes—annual, semi-annual, quarterly, or monthly—as long as the due date is on/after September 22.

❓ 13. Does GST removal affect tax benefits on insurance?
✅ No. Tax benefits under Section 80C (Life) and 80D (Health) remain unchanged. Customers now enjoy double benefits—lower premiums + tax savings.

❓ 14. Will GST reforms reduce claim settlement hassles?
✅ Indirectly, yes. With IRDAI and the Finance Ministry tightening NHCX (Claims Exchange), consumers can expect smoother and more transparent claim processing.

❓ 15. Will NRIs with Indian insurance policies benefit from GST removal?
✅ Yes. NRIs purchasing health or life policies in India will also pay premiums without GST.

❓ 16. Can premiums still increase in the future despite GST removal?
✅ Base premiums may rise due to medical inflation or mortality risk, but the 18% GST burden is permanently removed.

❓ 17. Does GST exemption also apply to riders (like critical illness and accident coverage)?
✅ Yes. Since riders are attached to individual life/health policies, they too fall under 0% GST from September 22, 2025.

❓ 18. What about group health insurance from employers?
✅ Group corporate insurance is not included. The exemption mainly applies to retail/individual policies.

❓ 19. Will existing ECS/auto-debit instructions automatically adjust premiums?
✅ Yes. After September 22, insurers will auto-update billing and only deduct the revised premium (without GST).

❓ 20. How will customers know if insurers passed on GST benefits?
✅ IRDAI has instructed insurers to clearly show GST = 0% on premium receipts/invoices.

❓ 21. Does GST exemption make insurance cheaper than mutual funds or deposits?
✅ Yes. With 0% GST + tax benefits (80C/80D), insurance becomes one of the most cost-effective financial products.

❓ 22. Does loss of Input Tax Credit (ITC) affect how much benefit insurers can pass on?
✅ Yes. Insurers can no longer claim ITC on operational expenses, so the 18% savings may not be fully passed on, only partially.

❓ 23. What is the actual expected benefit for policyholders after accounting for ITC loss?
✅ Industry estimates suggest a net benefit of 3%–8%, depending on the insurer’s retail business volume.

❓ 24. Will employer-provided group health insurance benefit from GST removal?
✅ No. The exemption applies only to individual policies; group policies will continue to attract 18% GST.

❓ 25. Can employers shift from group cover to individual allowances due to GST differences?
✅ Yes. Experts expect a strategic shift where employers may provide allowances or reimbursements for individual policies, which are now tax-free.

❓ 26. Will this reform push insurers to promote individual health plans more aggressively?
✅ Definitely. Since retail plans are cheaper now and group plans are still taxed, insurers may focus more on individual coverage.

❓ 27. How will this reform impact insurance penetration in India?
✅ It is expected to increase health insurance adoption, especially among the uninsured “missing middle class.”

❓ 28. Does it apply to all types of health insurance—family floaters, senior citizen plans, top-ups, etc.?
✅ Yes. All individual health products—including floaters, senior citizen plans, riders, and top-ups—fall under the exemption.

❓ 28. Are there official notices/FAQs to refer for implementation details?
✅ Yes. CBIC and PIB will release official notifications and FAQs clarifying rules for renewals, multi-year policies, and billing protocols.

❓ 29. When will we see official implementation notices?
✅ The changes take effect from September 22, 2025, and official notifications are expected soon thereafter.

❓ 30. Can health insurance premiums still rise in the future despite 0% GST?
✅ Yes, they may rise due to factors like medical cost inflation, but the GST component will be permanently removed.

10/09/2025
BSE:+323(81425)
NSE:+104(24973)
MID:+381(46080)
SML:+380(53406)
FII|FPI:-115Cr
DII:+5004Cr
B.Crude: 67
Gold$:3646=INR: 109115
Silver: 125050
$/Rs: 88.10
7.10 : 2034 G-Sec: 6.57
NSE 100 PE: 21.76
Dollar Index : 97.71