Corporate & Business Updates
Kotak Mahindra Bank Appoints Anup Kumar Saha as Executive Director (Designate)
Kotak Mahindra Bank Ltd. has appointed Mr. Anup Kumar Saha as an Additional Director and Whole-time Director (Executive Director) for a term of three years, subject to regulatory and statutory approvals.
He will assume the role of Whole-time Director (Designate) and Senior Management Personnel with effect from January 12, 2026, until his formal appointment becomes effective.
Mr. Saha brings over 32 years of experience in the financial services sector, having held senior leadership positions at Bajaj Finance Ltd. and ICICI Bank Ltd. He is not related to any of the existing directors of the bank.
Seamec Limited: Vessel SEAMEC PALADIN Temporarily Off-Hire
Seamec Limited has informed that its vessel SEAMEC PALADIN has been temporarily taken off-hire from January 10, 2026. After completion of necessary formalities, the vessel will undergo statutory dry-docking for approximately 70 days.
TANFAC Industries Secures Major International Export Contract
TANFAC Industries Ltd. has secured a long-term international contract for the supply of Fluorinated Chemicals to a Japanese customer.
Key Details:
Contract Duration: 7 years (starting January 1, 2027)
Annual Supply: 7,500 MT
Estimated Value: ₹337.5 crore per annum (excluding GST)
Total Contract Value: ₹2,362.5 crore over seven years
The agreement, signed in the normal course of business, significantly strengthens TANFAC’s export portfolio. TANFAC is a joint sector company promoted by TIDCO and Anupam Rasayan India Ltd.
Biocon Pharma Receives US FDA Approval
Biocon Pharma Limited, a subsidiary of Biocon Ltd., has received U.S. FDA approval for its ANDA for Everolimus Tablets for Oral Suspension in 2 mg, 3 mg, and 5 mg strengths.
The product is indicated for:
Treatment of Subependymal Giant Cell Astrocytoma (SEGA) associated with Tuberous Sclerosis Complex (TSC)
Adjunctive therapy for TSC-associated partial-onset seizures
This approval is expected to further strengthen Biocon’s regulated-market product portfolio.
Shakti Pumps Bags ₹654 Crore Solar Pump Order from KREDL
Shakti Pumps (India) Ltd. has received its first Letter of Award from Karnataka Renewable Energy Development Limited (KREDL) under Component-B of the PM-KUSUM scheme.
Order Highlights:
Quantity: 16,780 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems
Total Order Value: ~₹654.03 crore (inclusive of GST)
Base Value: ₹600.58 crore
Scope: Design, manufacture, supply, installation, testing, and commissioning
Completion Timeline: On or before March 31, 2026
The order is expected to significantly enhance the company’s revenue visibility and strengthen its presence in the renewable energy and solar irrigation segment.
