Today, the spotlight is on Adani Ports, PSP Projects, AGI Greenpac, Orchid Pharma, Texmaco Rail, Orient Electric, and Chemcon Speciality
In a significant move, Gautam Adani, the renowned business magnate, has stepped down from his role as Executive Chairman of Adani Ports and Special Economic Zone Ltd (APSEZ) on August 5, 2025. This change was necessary to comply with legal and corporate governance requirements under the Companies Act, 2013.
The Act restricts an individual from holding executive roles in multiple companies simultaneously, and APSEZ already had two executive directors (a Managing Director and a Whole-Time Director & CEO). By moving to a non-executive chairmanship, Adani ceased to be classified as a Key Managerial Personnel for APSEZ.
This transition allows Adani to focus more on strategic oversight without handling day-to-day operations. It also strengthens corporate governance and compliance within the company while letting Adani dedicate more attention to other core entities in the Adani Group. The executive leadership team at APSEZ will assume greater operational responsibility.
Interestingly, the company also appointed Manish Kejriwal as an additional non-executive independent director around this time to support governance. Despite the leadership change, APSEZ reported strong operational growth in Q1 2025, indicating the transition did not disrupt business performance.
Meanwhile, in the business world, there have been several other notable developments:
- Shivam Petrochem Industries, a company involved in the manufacturing and distribution of chemicals and chemical products, is set to be acquired by Chemcon Speciality Chemicals through a slump sale for a maximum of ₹100 crore.
- The Pune-based automaker Force Motors has launched a new connected vehicle platform for AI-driven fleet intelligence and predictive analytics. The platform, named iPulse, is available as a standard feature across all Force Motors' commercial vehicles and as a certified aftermarket solution through authorised dealerships.
- Orchid Pharma has received approval to acquire the assets of Allecra Therapeutics SAS, effective August 1.
- The Vasind project, part of the Kalyan-Asangaon 4th line capacity augmentation in the Mumbai Division, is underway. The project is expected to be completed within 24 months under the GCC 2022 safety and quality standards.
- The Competition Commission of India (CCI) has dismissed objections raised by AGI Greenpac Ltd regarding the green channel approval granted to Uganda-based Independent Sugar Corporation Ltd (INSCO) for the proposed acquisition of Hindusthan National Glass & Industries Ltd (HNG).
- Vishal Mega Mart, Swiggy, Hitachi, and Waaree Energies may join the MSCI Standard Index following the MSCI Rejig in August 2025.
- Adani Infrastructure (India) Ltd has acquired a 34.41% stake in PSP Projects, becoming a joint promoter of the construction firm.
- Comfort Intech and Flora Fountain Properties Ltd have initiated arbitration against Orient Electric for breaching the terms of their agreement.
- Texmaco Rail & Engineering Ltd has secured a Rs 73.12 crore contract from the Central Railway for a key electrification project at Vasind in Maharashtra.
- The new campus of SAP has been opened with an investment of €194 million.
- Phase two of the SAP campus is expected to be completed by 2028.
[1] The Economic Times [2] Business Standard [3] Livemint [4] Business Wire [5] Adani Ports and Special Economic Zone Ltd
- The news of Gautam Adani's resignation as Executive Chairman of Adani Ports and Special Economic Zone Ltd (APSEZ) has been making waves in the finance and business sectors.
- Shivam Petrochem Industries, a key player in the chemical industry, is set to be acquired, potentially boosting stocks related to the sector.
- Infrastructure developments, such as the Vasind project in the Mumbai Division, continue to show progress, reflecting investment in the country's economic growth.
- A significant move for Adani Group, Adani Infrastructure (India) Ltd has taken a stake in PSP Projects, expanding their presence in the construction sector.
- In the automotive world, Force Motors is introducing a new connected vehicle platform, aiming to leverage AI for fleet intelligence and predictive analytics.
- Compliance and governance remain crucial: Adani ports have appointed Manish Kejriwal as an independent director, while legal disputes involving companies like Orient Electric are being settled through arbitration.
