Star Cement cuts FY27 volume guidance to 8-9% after Assam floods Construction & Materials
Management revised FY27 cement volume growth guidance down to 8-9% from an earlier double-digit pace, citing roughly a 12% volume drop in July from Assam floods; FY27 clinker sales are now expected to stagnate or degrow 5-10% on outside clinker inflow. Q1 FY27 consolidated net profit fell about 24% YoY to Rs 74.72cr. This is a direct guidance cut, one of the stated falsifiers for the stock's BUY call.
Aavas Financiers stays on rating watch after CFO/CRO exits Financial Services
ICRA and CARE have kept Aavas's AA rating on 'Rating Watch with Developing Implications' after its President & CFO and Chief Risk Officer resigned effective Sept 21, following earlier CEO and CBO departures. Moneylife reports majority shareholder CVC Capital pushed the exits after an NHB probe. No permanent replacements have been named and the watch remains unresolved.
Sundaram Clayton's consolidated loss widens as input costs bite Automobiles
Sundaram Clayton's Q1 FY27 standalone EBITDA margin fell to 12.7% from 16.0% a year earlier on higher raw-material, fuel and logistics costs, and the consolidated net loss widened to Rs 59.33cr from Rs 57.76cr YoY. This is a fresh negative data point against the stock's pending AVOID-to-HOLD call confirmation.
Vadilal Industries' related-party distribution pact still awaits an Oct 27 shareholder vote FMCG
Vadilal Industries' 10-year distribution agreement with related party Vadilal Enterprises lapsed Oct 1 for lack of required public-shareholder approval. The board approved a revised one-year pact Sept 30, and shareholders are set to vote at an Oct 27 EGM; sources disagree on whether Vadilal Enterprises accounts for ~79% or ~92% of FY26 revenue. The claim stays open until that vote.
GPPL's port concession extension still awaits a business-plan filing Logistics & Transport
Gujarat Pipavav Port's concession extension beyond September 2028 remains conditional: an August 2026 comfort letter from the Gujarat Maritime Board gave GPPL 90 days, to roughly late November, to submit a performance record and investment plan, which has not yet been filed. A separate non-binding Rs 17,000cr MoU for future expansion is contingent on the extension being granted; one source instead cites a Rs 3,500cr near-term capex figure, unreconciled.