October 21, 2026: Shares of Schaeffler India, Dr Agarwals Eye Hospital, Birlasoft, Avana Electrosystems, Moneyview, Retaggio Industries and Frontier Capital are likely to remain in focus on Wednesday, October 21, following key corporate announcements related to a police investigation, merger, manufacturing expansion, ESOP approvals, share allotment and an open offer.
Stocks to Watch Today
1. Schaeffler India: The company disclosed that CEO and Managing Director Harsha Gopal Kadam has been taken into custody for investigation by the Talegaon MIDC Police Station in connection with a June 9, 2026, factory accident involving the deaths of two workers following a CO₂ gas discharge. The company said it is cooperating with authorities, consulting legal advisers and continuing normal business operations.
2. Dr Agarwals Eye Hospital: The company’s merger with Dr. Agarwal’s Health Care Limited will become effective on November 1, 2026, following satisfaction of the required conditions and filing with the Registrar of Companies on October 14, 2026. The record date is November 18, 2026. Eligible shareholders will receive 23 equity shares of Dr. Agarwal’s Health Care Limited for every two shares held in Dr Agarwals Eye Hospital. The hospital company will be dissolved without winding up once the scheme takes effect.
3. Avana Electrosystems: The company has received an occupancy certificate from KIADB for its integrated manufacturing unit at Dobaspet, dated October 17, 2026. The company is progressing with operational readiness and preparations to commence commercial production, previously expected by the end of October 2026.
4. Moneyview: The board approved ratification and extension of its Employees Stock Option Plan 2015 to subsidiaries, subject to shareholder approval. It also approved provisions for share purchases by the Moneyview Employees Trust, amendments to the Articles of Association covering specified director nomination rights, and a reclassification of authorised share capital. The company will circulate a postal ballot notice for the required member approvals.
5. Retaggio Industries: The company allotted 5,04,000 equity shares following the conversion of an equal number of convertible warrants held by Sanjay Jaideo Poddar. The shares were issued at ₹26 apiece, with the balance 75% consideration of ₹19.50 per share paid upon conversion. The allotment takes paid-up equity share capital to ₹20.99 crore, comprising 2,09,92,160 equity shares.
6. Birlasoft: The company’s board will meet on October 28, 2026, to consider unaudited financial results for Q2 FY27 and H1 FY27, along with an interim dividend. November 5, 2026, has been fixed as the record date for the proposed interim dividend. The trading window has remained closed since October 1 and will reopen 48 hours after the results declaration, subject to applicable rules.
7. Frontier Capital: Prafful Agarwal and Anupam Gupta have announced a mandatory open offer to acquire up to 43,58,163 equity shares, representing 26% of the company’s total voting share capital, at ₹10.20 per share. The offer is being made under SEBI’s Substantial Acquisition of Shares and Takeovers Regulations following a share purchase.
Disclaimer: This report is based on the corporate announcements provided and is for informational purposes only. The developments do not necessarily indicate the direction of the respective stocks.
