Andhra Cements will hold a meeting of the Board of Directors of the Company on 19 October 2023.

Apollo Tyres announced that the Securities Appellate Tribunal (SAT) vide its order dated 27 September 2023 has quashed the order dated November 22, 2018 passed by SEBI in its entirety and directed SEBI to refund the penalty amount to the Company within 4 weeks from the date of its order.

Background: SEBI vide its order dated 22 November 2018 had imposed a penalty of Rs. 65 lakh on the Company for the alleged violation of the provisions of Regulations 4(1), 5A and 19(7) of the Buy Back Regulations, 1998 pertaining to the buy-back of shares held by notified parties, in the year 2003. Further, the Company had deposited the penalty amount under protest to SEBI and simultaneously, an appeal was filed before SAT against the order passed by SEBI

Ashok Leyland has received affirmation in credit ratings from CARE as under:

Long term bank facilities (Rs 400 crore) - CARE AA; Stable
Long / short term bank facilities (Rs 3700 crore) - CARE AA; Stable/ CARE A1+
Non convertible debentures (Rs 600 crore) - CARE AA; Stable
Commercial paper (Rs 2000 crore) - CARE A1+

Asian Paints announced the demise of Ashwin Dani, Non - Executive Director of the Company on account of brief illness.

BASF India will hold a meeting of the Board of Directors of the Company on 9 November 2023.