HFCL Q2 FY27 CONCALL HIGHLIGHTS

📌 DEFENCE & AEROSPACE GUIDANCE

• FY27 defence revenue target: ₹500–600 Cr.

• FY28 defence revenue target: At least ₹2,000 Cr.

• Three-year defence revenue aspiration: Approximately ₹5,000 Cr.

• Aerospace acquisition expected to be completed during the current quarter, with an existing order book of approximately ₹1,600–1,800 Cr.

• Andhra Pradesh ammunition manufacturing complex planned on 1,000 acres; revenue contribution expected in around two years.

Bansal Wire Industries Ltd – EQUITY SHARE SUB-DIVISION COMPLETED

Credit confirmation received from NSDL and CDSL regarding the split of equity shares:

- One equity share of face value Rs. 5 split into five equity shares of face value Rs. 1 each

- New ISIN for sub-divided shares: INE0B9K01033

- Authorized Share Capital (After Split): 89,00,00,000 (89,00,00,000 equity shares of Rs. 1 each)

- Issued, Subscribed and Paid-up Equity Share Capital (After Split): 78,27,79,760 (78,27,79,760 equity shares of Rs. 1 each)

- Preference Share Capital remains unchanged at INR 1 Cr

PI Industries Ltd – INCORPORATION OF WHOLLY OWNED SUBSIDIARY

Incorporation of PI Foundation as a Section 8 not-for-profit entity:

- Entity Name: PI Foundation

- Incorporation Date: October 19, 2026

- Status: Wholly owned subsidiary of PI Industries Limited

- Purpose: Carrying out Corporate Social Responsibility (CSR) activities

- Initial Share Capital: INR 1 Lakh (subscribed in cash)

- Registered Office: Udaipur, Rajasthan

Cubical Financial Services Ltd – CHANGE IN MANAGEMENT AND BOARD RECONSTITUTION

Board meeting held on 19th October 2026:

- Completion of Open Offer process resulting in change in management and control

- Manoj Agrawal appointed as Managing Director for a term of 5 years

- Amit Kumar Saraogi appointed as Additional Director and Chief Financial Officer

- Authorized Share Capital increased from INR 29.51 Cr to INR 47.51 Cr

- Board borrowing powers increased up to INR 200 Cr

- Resignation of Managing Director Ashwani Kumar Gupta and CFO Prakash Chand Sharma

Cubical Financial Services Ltd – CHANGE IN MANAGEMENT AND DIRECTORATE

Board meeting held on 19th October 2026:

- Completion of Open Offer process resulting in change in management and control

- Manoj Agrawal appointed as Managing Director for a term of 5 years

- Amit Kumar Saraogi appointed as Additional Director and Chief Financial Officer

- Increase in Authorized Share Capital from INR 29.51 Cr to INR 47.51 Cr

- Board approved increase in borrowing powers up to INR 200 Cr

- Resignation of Managing Director Ashwani Kumar Gupta and CFO Prakash Chand Sharma

HFCL Ltd – MONITORING AGENCY REPORT UPDATE

Monitoring agency report for the quarter ended September 30, 2026:

- QIP proceeds of INR 550 Cr: INR 25.73 Cr utilized for R&D against target of INR 50 Cr

- Unutilized QIP proceeds of INR 21.22 Cr parked in FDRs and monitoring account

- Preferential Issue of Warrants (INR 555 Cr): INR 138.75 Cr received in Q1FY27

- Remaining INR 416.25 Cr from warrant issue is yet to be received

- Delay in utilizing INR 90 Cr for HFCL Advance Systems Private Limited; timeline extended to December 31, 2026

Tata Capital Ltd – MEDIA AND EARNINGS CONFERENCE CALL

Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026:

- Media conference call scheduled for Tuesday, October 27, 2026, at 5:30 p.m. IST

- Earnings conference call with analysts and investors scheduled for Tuesday, October 27, 2026, at 6:30 p.m. IST

- Participants for media call include Managing Director & CEO Rajiv Sabharwal and Senior Management Team

- Participants for analyst call include CFO Rakesh Bhatia

GSPL Transmission Ltd – CREDIT RATING WITHDRAWAL

Withdrawal of bank facility ratings for Gujarat State Petronet Limited:

- CARE Ratings has withdrawn the ratings assigned to the bank facilities of Gujarat State Petronet Limited

- Withdrawal is effective immediately

- Rated facilities have been transferred from Gujarat State Petronet Limited to GSPL Transmission Limited

- The withdrawal follows the cessation of existence of Gujarat State Petronet Limited

R&B Denims Ltd – REVISED INTIMATION OF SEARCH PROCEEDINGS

Clarification regarding the conclusion date of Enforcement Directorate search proceedings:

- Search proceedings conducted by Enforcement Directorate, Ministry of Finance

- Correct conclusion date: Saturday, October 17, 2026

- Conclusion time: 3:15 a.m.

- Rectification of inadvertent error in previous corporate announcement

Bilcare Ltd-$ – VOLUNTARY WINDING UP OF US SUBSIDIARY

Update on the dissolution of Bilcare INC US:

- Bilcare INC US (wholly owned subsidiary) dissolved effective 09 September 2026

- Subsidiary reported NIL turnover during the last financial year (2025-26)

- Certificate of Dissolution dated 16 September 2026

- The subsidiary is not a material subsidiary of the Company

Alembic Pharmaceuticals Ltd – INCORPORATION OF STEP DOWN SUBSIDIARY

Incorporation of Alvesta Pharmaceuticals FZCO in the United Arab Emirates:

- Entity Name: Alvesta Pharmaceuticals FZCO

- Date of Incorporation: 1st September, 2026

- Country of Incorporation: United Arab Emirates

- Relationship: Step Down Wholly Owned Subsidiary via Alembic Global Holding SA

- Business Purpose: To explore new business opportunities and promote, sale and distribute pharmaceutical products

- Subscription Cost: AED 100,000 for 100 shares at AED 1,000 each

Rose Merc Ltd – BOARD MEETING OUTCOME

Board meeting held on October 19, 2026:

- Appointed Ms. Niti Trivedi as Additional Director and Executive Director

- Appointed Ms. Qazi Gulshan as Strategic Advisor- Fintech and Fashion

- Reconstituted Allotment, Stakeholder Grievance & Relationship, Compensation, Business Development & Strategic Planning, and Internal Committees

- Appointed Ms. Eshwari Purvesh Shelatkar as Nominee Director for Virtual Gain Technologies Private Limited, Outcry Media Solutions Private Limited, and Emirates Holding FZ LLC

- Filed application to carry on business as a Payment Aggregator

IREDA Q2 FY27

Net Profit: ₹552 Cr ↑1% YoY | ↑63% QoQ

NII: ₹942 Cr ↑15% YoY | ↑10% QoQ

Indian Renewable Energy Development Agency Ltd – INVESTOR PRESENTATION SEPTEMBER 2026

Financial performance and business update for the quarter and half year ended 30.09.2026:

- Gross Loan Portfolio: INR 97411 Cr

- Total Interest Income: INR 3382 Cr

- Net Profit: INR 1351 Cr

- Total Assets: INR 115485 Cr

- Net NPA: 0.38%

- Gross NPA: 2.34%

IIRM Holdings India Ltd – NSE LISTING AND TRADING APPROVAL

Approval received for listing and trading of equity shares on National Stock Exchange:

- NSE approval received for listing and trading of equity shares

- Trading scheduled to commence on October 22, 2026

- Symbol: IIRM EQ

- Total number of equity shares: 6,97,04,133

- Face value per equity share: INR5

- Lock-in details: 62,814 shares until 15-Apr-2027 and 14,97,069 shares until 14-Apr-2027

Transrail Lighting Ltd – PROPOSED INVESTMENT IN SOLAR PORTFOLIO

Company announces entry into renewable power generation via proposed equity stake:

- Proposed acquisition of 49% equity stake in NOPL Pace Green Energy Private Limited

- Cash consideration of INR 20 Cr for the 49% stake

- Target portfolio consists of approximately 990 MW (AC) solar power in Maharashtra

- Total indicative project cost is approximately INR 3900 Cr

- Portfolio backed by 25-year PPA with MSEDCL at a fixed tariff of ₹3.10 per unit

- Agreement allows flexibility to increase shareholding up to 100%

Clio Infotech Ltd – ACQUISITION OF SUBSIDIARY IN UK

Board approves investment in Clio Quantinfra Limited:

- Target entity: Clio Quantinfra Limited (United Kingdom)

- Acquisition type: 100% share subscription via cash consideration

- Investment amount: £1,000 for 1,000 equity shares

- Business focus: Software designing, development, and IT related services

- Expected completion: Within 12 months

ACCORD TRANSFORMER & SWITCHGEAR 📢 NEW ORDERS

• Secured 3 new material purchase orders worth ₹1.41 Cr (excluding GST).

• ₹70 lakh order from Pace Renewable Energies Pvt. Ltd. for a 9,700 KVA inverter duty transformer.

• ₹41 lakh order from a private sector engineering company for a 2,500 KVA distribution transformer with OLTC & RTCC panel.

• ₹30 lakh order from a private sector company for a 2,000 KVA distribution transformer.

• Execution timeline: 4–6 weeks.

• All orders are domestic and received in the ordinary course of business.

Tiger Logistics (India) Ltd – Q2 FY27 FINANCIAL RESULTS Highlights

Unaudited financial results for the quarter ended 30th September 2026:

- Q2 FY27 revenue: INR 225.14 Cr (up 33.4% YoY and 47.6% QoQ)

- Q2 FY27 EBITDA: INR 9.99 Cr (up 2.3x QoQ)

- Q2 FY27 PAT: INR 5.85 Cr (up 2.7x QoQ)

- H1 FY27 revenue: INR 377.66 Cr (up 39.2% YoY)

- H1 FY27 EBITDA: INR 14.37 Cr

- H1 FY27 PAT: INR 8.02 Cr

JSW Dulux Ltd – LITIGATION UPDATE

Update on pending litigation with Karnataka GST Department:

- Received Appeal Order on 19th October 2026 regarding April 2020 – March 2021 period

- Initial demand from Show Cause Notice was INR 118.33 Cr

- Revised demand amount in the Order is INR 42.04 Cr

- Revised demand breakdown: Tax INR 14.07 Cr, Interest INR 13.9 Cr, and Penalty INR 14.07 Cr

- Order is open for further submissions and the Company is in the process of responding