A busy day of corporate disclosures unfolded on the National Stock Exchange (NSE) on December 19, 2025, as several listed companies reported developments ranging from board-level changes and employee stock allotments to credit rating actions, regulatory orders and business updates. Together, these filings offer investors a snapshot of ongoing governance, compliance and operational activity across sectors.
Fortis Healthcare Updates Board Composition
Fortis Healthcare Limited informed the Exchange about changes at the board level. The company announced the resignation of Lim Tsin-Lin as Non-Executive Director, effective from the close of business hours on December 19, 2025. In the same disclosure cycle, Fortis also reported the appointment of Mr. Mohd Shahazwan Bin Mohd Harris as “Other” of the company with effect from the same date, along with separate intimations related to changes in director positions. Board updates such as these are closely tracked by shareholders as they often signal shifts in governance or strategic oversight.
Infosys, ITC and Protean eGov Allot ESOP Shares
Employee stock option-related disclosures featured prominently in the day’s filings. Infosys Limited notified the NSE about the allotment of 43,490 equity shares under its ESOP/ESOS/ESPS schemes. ITC Limited, meanwhile, reported the allotment of 1,95,210 shares pursuant to its employee stock programmes, reinforcing its long-standing practice of rewarding and retaining talent through equity participation.
Protean eGov Technologies Limited also disclosed an allotment of shares under its employee stock option plan, highlighting how technology and services companies continue to rely on ESOPs as a key compensation and motivation tool.
Waaree Energies Signals Overseas Business Progress
Waaree Energies Limited shared a general update stating that Waaree Solar Americas Inc, its wholly owned subsidiary, has executed a binding term sheet with United Solar Holding Inc. While financial specifics were not detailed, such updates typically indicate progress on international partnerships and expansion plans, especially relevant for renewable energy players operating in global markets.
Credit Ratings, Trading Window Closure and Tax Order
Several compliance-related announcements were also made. Fedbank Financial Services Limited and The Ramco Cements Limited filed disclosures related to credit ratings, which investors often view as indicators of financial health and borrowing capacity.
Muthoot Finance Limited informed the Exchange about the closure of its trading window in line with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of its December-quarter financial results. Trading window closures are routine but critical disclosures, aimed at maintaining market integrity during sensitive periods.
Britannia Industries Limited reported receipt of an order from the Office of the Deputy Commissioner of State Tax, Mumbai Audit Zone III. Tax-related orders are closely watched, as they can have financial and compliance implications depending on their nature and outcome.
Asset Sale, Business Updates and Postal Ballots
DCM Shriram Limited disclosed information regarding the sale or disposal of assets in connection with the liquidation of a subsidiary. Allcargo Terminals Limited submitted its monthly business update for November 2025, providing operational visibility to the market.
Sudeep Pharma Limited reported the outcome of its board meeting held on December 19, while Texmaco Infrastructure & Holdings Limited and The Investment Trust of India Limited filed postal ballot-related documents, including voting results and the scrutinizer’s report, reflecting shareholder participation in key resolutions.
