Mumbai, Dec 24, 2025 — Several Indian companies announced key corporate developments that are likely to keep their stocks in focus during today’s trading session, ranging from tax relief and credit rating upgrades to acquisitions, management changes, and open offer announcements.
🔹 Websol Energy System Ltd
Websol Energy received a favourable order from the Commissioner of Income Tax (Appeals), Kolkata, for Assessment Year 2017–18.
The appeal was against additions of ₹184.99 crore under Section 115JB and disallowance of expenses worth ₹1.51 crore
The earlier order had resulted in a tax demand of ₹73.04 crore
The demand, earlier disclosed as a contingent liability, will no longer be payable, providing a significant relief to the company
🔹 Sanmitra Commercial Ltd
Navigant Corporate Advisors Ltd has submitted a Letter of Offer to SEBI for an open offer:
Acquirers: Ankit Jalan, Anuj Jalan & others
Offer size: Up to 1,49,76,000 equity shares (26%)
Offer price: ₹15 per share
Triggered by a preferential allotment and share purchase agreement
Offer period: January 6, 2026 to January 19, 2026
🔹 STL Networks Ltd
STL Networks announced the appointment of Ms. Prerna Wadhwa as Senior Management Personnel – Head (Legal), effective December 24, 2025.
Ms. Wadhwa has over 10 years of experience across legal, regulatory, risk management, fundraising, M&A, and corporate restructuring
She has previously worked with Bharat Broadband Network Ltd, Avantha Group, Amtek Group, and SCS Global
🔹 PhysicsWallah Limited
Edtech major PhysicsWallah, through its wholly owned subsidiary Penpencil Edu Services Pvt Ltd, has acquired land to support future expansion.
Land acquired: 1.76 acres
Location: Village Tupudana, District Ranchi
Transaction value: ₹69.49 crore
Sale deed executed on December 23, 2025
🔹 JSW Steel Ltd
JSW Steel received an Issuer Rating of ‘A-’ with a Stable Outlook from Rating & Investment Information, Inc. (R&I), Japan.
Key highlights of the rating rationale:
Strong position in the Indian steel market, supported by robust domestic demand
Competitive advantages due to modern plants and technological capabilities
Stable earnings base expected to absorb ongoing capital investments
Positive long-term outlook for steel demand, led by infrastructure growth
JSW Steel is an equity-method affiliate of Japan’s JFE Holdings
Maintains strong access to financial markets
📌 Market Takeaway
These developments highlight a mix of balance-sheet relief, governance actions, expansion plans, and credit strength, making the respective stocks active candidates for investor attention in the near term.
