Stocks to watch for September 28: SAIL, Adani Power, Rashtriya Chemicals and more

Aequs Ltd | Karnataka-based precision and product manufacturing company Aequs Ltd on Friday (September 25) said its board has approved a preferential issue of up to 2,80,71,690 warrants to Mellwood Trustee Services Private Limited, trustee of the Melligeri Private Family Foundation and a member of the promoter group, for approximately ₹650 crore.

Sedemac Mechatronics Ltd | The firm said it commenced limited commercial production at its new manufacturing facility in Shinde village, Khed taluka, Pune district, Maharashtra.

SAIL | State-owned Steel Authority of India Ltd (SAIL) and Bharat Coking Coal Ltd (BCCL) signed a Memorandum of Understanding (MoU) for the joint development and operation of two coal blocks in West Bengal.

Prestige Estates Projects Ltd | Realty firm said its subsidiary Prestige Hospitality Ventures Ltd (PHVL) has withdrawn its Draft Red Herring Prospectus (DRHP) filed with SEBI for a proposed initial public offering (IPO) of its equity shares.

Adani Power | Adani Power has completed the merger of 10 of its wholly owned subsidiaries with the company, as part of a group restructuring that became effective on September 25, 2026.

Rashtriya Chemicals and Fertilizers Ltd | State-owned Rashtriya Chemicals and Fertilizers Ltd (RCF) on Friday (September 25) approved the placement of a ₹797 crore purchase order, plus taxes, with Larsen & Toubro Ltd for the revamp of its ammonia plant. The order has been awarded on a lowest tender basis and has a tenure of 36 months.

Clean Max Enviro Energy Solutions Ltd | A block deal has been launched by a commercial and industrial renewable energy provider, Clean Max Enviro Energy Solutions Ltd, with Augment India Holdings likely to sell 85 lakh shares, representing a 7.25% stake in the company.

Sunteck Realty Ltd | Real estate firm Sunteck Realty Ltd on Friday (September 25) disclosed that it has received a show-cause notice (SCN) from the Department of Goods and Services Tax for FY23, involving a demand of ₹59.44 crore, including interest and penalty.

Edelweiss Financial Services Ltd | The firm announced the completion of Carlyle’s investment of over ₹2,000 crore in Nido Home Finance Ltd, giving the global investment firm’s affiliated funds a strategic majority stake in the housing finance company.