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When a company opts for a stock split, it often draws fresh investor interest—especially when the per-share price is high. A recent case in point is Tata Investment Corporation Limited, a Tata Group company, which has announced its first-ever 1:10 stock split, leading to a sharp reaction in the market.

What Exactly Has Been Announced?

On September 22, 2025, Tata Investment informed stock exchanges that its board has fixed Tuesday, October 14, 2025, as the record date for the subdivision. Each existing equity share with a face value of ₹10 will be split into ten fully paid shares of ₹1 each.

This means as of that date, shareholders who hold the shares (or whose names are registered in the dematerialized records) will be entitled to receive the increased number of shares.

Because of this action, Tata Investment’s authorised share capital would scale up proportionally, and the total number of shares issued and paid up would increase tenfold.

Investors holding physical share certificates are being asked to convert to demat form or submit their demat account details by October 9, 2025, to ensure automatic allotment of the new shares. In the absence of those details, the subdivided shares may be credited to a suspense account.

Why the Market Moved Quickly

Once the record date was made public, the share price of Tata Investment saw a significant jump. On September 23, the stock gained about 11.7% intraday, touching a fresh 52-week high of ₹8,131.50 on the BSE.

Over the two sessions following the announcement, the stock surged nearly 25% from its earlier levels, reaching close to ₹9,100.

Part of this rally can be linked to speculation and repositioning—investors expecting greater liquidity and broader participation after the split are stepping in.

Still, while sentiments drive short-term moves, the split itself does not change the company’s underlying assets or earnings.

What the Split Does and Doesn’t Do

What Changes After the Split

• Per-share metrics adjust: The nominal share price and earnings per share (EPS) will theoretically be divided by 10.
  
• Number of shares increases: Ten times as many shares will exist, but the total value remains the same.
  
• Access improves: The post-split price per share will fall significantly, making it more accessible to retail investors.
  
• Liquidity expectation: More shares with a lower price often improve trading volume and market activity.
  

What Remains Unchanged

• The market capitalization of Tata Investment will remain constant (ignoring normal market movements).
  
• The total earnings, dividends, and assets are unaffected by the split.
  
• The valuation drivers remain grounded in the performance of its portfolio, since Tata Investment is largely a holding or investment company.
  

In its Q1 FY26 results (ended June 30, 2025), the company posted consolidated profit after tax (PAT) of ₹146.3 crore, up about 11.6% from ₹131.07 crore in the same quarter last year. Revenue was at ₹145.46 crore compared to ₹142.46 crore.

Implications for Investors

Existing shareholders: They will see their shareholding increase tenfold, but their total value remains the same. The split could make partial selling easier or more flexible, since smaller lots become tradable.

Prospective (new) investors: The lowered per-share price may reduce the entry barrier, enabling smaller investors to participate more easily in Tata Investment.

Market behavior: The split may help broaden the base of shareholders. If liquidity improves, volatility might reduce and the stock may trade more efficiently.

However, investors should not treat the split as a standalone reason to buy. The real test will be how Tata Investment continues to manage its portfolio of Tata and non-Tata holdings, whether it can extract value via dividends or capital appreciation, and how investor sentiment evolves after the split takes effect.

Risks and Things to Watch

• Reversion in price: Once the split is effective and the novelty wears off, there could be some price correction.
  
• Volume sustainability: A short spike in volumes is expected, but sustaining higher liquidity depends on genuine investor interest.
  
• Valuation discipline: After the split, as EPS and book value per share get adjusted, investors should reassess whether the stock is fairly priced.
  
• Tax and transaction costs: For shareholders who convert physical shares or deal with depository formalities, there could be overheads.
  

Conclusion

The Tata Group’s company, Tata Investment Corporation, has announced its first-ever 1:10 stock split, with a record date of October 14, 2025. The stock has already reacted sharply, with a gain of around 25% in two trading sessions after the record date was fixed.

While the split improves share affordability and may attract more investors, it does not alter the business fundamentals. Investors should use this occasion to reassess the underlying strength of Tata Investment’s portfolio and not be swayed solely by short-term moves.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Buying or building a home involves significant planning, not only for the property but also for interiors, appliances, and finishing touches. With the rollout of GST 2.0 on September 22, 2025, the tax structure has changed in a way that directly impacts homebuyers. Understanding how much tax you’ll now pay on construction materials, furniture, and household goods can help you plan your budget better.

What is GST 2.0?

GST 2.0 has simplified the earlier multi-slab system into a more streamlined structure. The older 12% and 28% slabs have been removed for most goods. Now, the tax system broadly has:

• 5% slab – for essential and daily-use items.
  
• 18% slab – for most mid-range and aspirational goods, including many home-related purchases.
  
• 40% slab – for ultra-luxury or premium goods, such as high-end imports or luxury fittings.
  

This change reduces the tax burden on many goods that were earlier taxed at 28% and brings clarity for homebuyers.

Tax Rates on Key Home-Related Items

Here’s how the new rates look for commonly purchased categories when you are setting up a home:

Category	Earlier Rate	New GST 2.0 Rate	What It Means
Cement, concrete	28%	18%	Construction costs have reduced slightly.
Bricks, tiles, sand	18%	5%	Basic raw materials now attract lower tax.
Paints, coatings	28%	18%	Reduced but still higher than essentials.
Furniture (wood, metal, plastic)	18–28%	18%	Unified rate across categories.
Modular kitchen, wardrobes (custom/unbranded)	12–18%	Around 12%	Interiors become more predictable in pricing.
Lighting, switches, wiring	18–28%	18%	Standardised under one slab.
Home appliances (TVs, ACs, fridge, washing machine)	28%	18%	Significant tax reduction on big appliances.
Daily household items (utensils, soaps, tableware)	12–18%	5%	Everyday essentials become more affordable.
Luxury or premium imports	28% + cess	40%	High-end items are now taxed at a premium rate.

Example Cost Breakdown

Imagine you are furnishing a 3BHK with a modular kitchen, wardrobes, and essential appliances. Here’s an approximate illustration of what GST might look like under the new regime:

• Modular kitchen + cabinets: ₹3,00,000 → GST 12% → ₹36,000
  
• Wardrobes: ₹1,50,000 → GST 12% → ₹18,000
  
• False ceiling and gypsum work: ₹80,000 → GST 18% → ₹14,400
  
• Lighting and fixtures: ₹60,000 → GST 18% → ₹10,800
  
• Appliances (TV, fridge, ACs, washing machine): ₹5,00,000 → GST 18% → ₹90,000
  
• Daily household items: ₹50,000 → GST 5% → ₹2,500
  

Total base cost: ₹10,40,000
GST payable: ~₹1,71,700

Additionally, labor and service charges for design or installation usually attract 18% GST. Always ask contractors to provide a clear separation between material and service costs to avoid overpaying.

What Homebuyers Should Keep in Mind

1. Check if benefits are passed on – With lower GST rates, ensure your builder or supplier is reducing costs accordingly.
   
2. Demand valid GST invoices – Proper documentation with HSN or SAC codes protects you from misclassification.
   
3. Separate materials and services – Since different portions attract different rates, clarity in billing prevents confusion.
   
4. Be aware of misclassification – Mid-range items should not be wrongly billed under luxury categories.
   
5. Plan purchases under GST 2.0 – Now that the system is in force, bulk buying could save costs compared to the transitional periods.
   
6. Factor in premium goods – Imported luxury items or designer fittings may still come with a 40% tax, so budget carefully.
   

Key Takeaway

GST 2.0 has reshaped the tax landscape for homebuyers by bringing construction materials, furniture, and appliances under more uniform and lower slabs. Essentials are now taxed at 5%, aspirational goods at 18%, and only ultra-luxury items fall under the steep 40% slab. For anyone building or furnishing a dream home, this change means greater transparency, slightly reduced costs on big purchases, and easier planning.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Adani Power shares fell by about 6% on 23 September 2025, following a sharp uptrend over the prior three trading days. This dip came after the stock surged roughly 32-35% in those sessions. The retreat appears linked to profit-booking by investors, as well as revaluations after the company’s first-ever 1:5 stock split.

Here are key reasons behind the drop, and what investors might want to keep in mind.

1. Stock Split Took Effect

Adani Power underwent a 1:5 stock split. Each share of face value ₹10 was split into 5 shares of face value ₹2 each. After the split, the number of shares outstanding increased, but the overall value of holdings for each investor remained the same.

Because the per-share price dropped in line with this split, some of the price decline is just the mechanical adjustment to the split, not an actual loss in company value. 

2. Strong Rally Prompted Profit Booking

Before the decline, Adani Power shares had risen sharply—32-35% in three sessions. Such fast gains often lead short-term investors or traders to take profit. When many try to do that at once, selling pressure increases, triggering pullbacks.

The sharp rally was itself driven by favorable sentiment, including regulatory clarity (especially SEBI dismissals of certain allegations from Hindenburg Research) and the expectations that a lower absolute share price post-split would draw more retail participation. 

3. Optical Drop After Ex-Split

Because of the split, the share’s price per unit dropped sharply from its pre-split value. On the day the stock turned “ex-split,” the price fell from a high number (pre-split) to a lower level (post-split). Observers noted a quote around ₹147 early on ex-split, down from over ₹700 pre-split, though this is not a real loss in value but a proportional adjustment due to the share subdivision. 

4. Mixed Institutional & Retail Activity

Reports show both institutional and retail interest in Adani Power during the run-up. After split announcements and regulatory developments, there was renewed buying. However, as prices rose rapidly, some institutional players also trimmed positions, possibly locking in returns. This changing mix adds to volatility

5. Technical & Sentiment-Driven Reassessment

After a strong run, stock charts and technical indicators often enter “overbought” territory. Some analysts flagged that Adani Power was trading above key moving averages across time frames, which can trigger corrective selling once the euphoria slows.

Sentiment also plays a large role: investors who joined during the rise may become more cautious when price moves too fast, especially around corporate events (like stock splits) or when valuations seem stretched relative to peers.

What It Means for Investors

• The recent drop does not reflect a change in company fundamentals. Instead, it reflects profit booking, price readjustment due to the split, and market psychology.
  
• For those considering entry now, the lower nominal share price post-split may seem attractive, but it’s important to assess valuation in terms of earnings, growth, debt, and risk, not share ticket price alone.
  
• Volatility is likely in the near term. Days with sharp rises tend to be followed by days of correction, especially after big corporate actions.
  
• Long-term prospects depend on execution, capacity expansion, regulatory environment, and cost of inputs (fuel, etc.). These remain central to Adani Power’s value.
  

Key Takeaway

Adani Power’s roughly 6% fall reflects a natural pullback after a steep rally, combined with mechanical adjustments from the 1:5 stock split. Profit booking by investors added to the selling pressure, as prices had run ahead over several sessions. While there is no indication of deteriorating fundamentals, this episode underscores how quickly sentiment and technical factors can influence stock behaviour following major corporate events. For investors, the key is to separate short-term movements from long-term value.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

The Indian tax landscape is set for another round of changes with the rollout of GST 2.0. While the first phase of the Goods and Services Tax in 2017 was aimed at unifying the indirect tax system, the second version is expected to bring refinements in compliance, simplification of returns, and greater use of technology. For investors, the focus naturally shifts to how these reforms may influence various sectors and stocks in the near term.

Understanding GST 2.0

GST 2.0 is designed to address several challenges that businesses and taxpayers faced under the current system. The key aspects of this reform include a more streamlined return-filing process, enhanced input tax credit reconciliation, and improved digital integration. These measures are expected to lower compliance costs and reduce tax-related disputes. While the long-term impact will unfold gradually, the rollout creates immediate opportunities and risks for certain industries.

Sectors Likely to Gain

Some sectors may benefit from smoother tax processes and reduced inefficiencies:

1. Fast-Moving Consumer Goods (FMCG)
   Companies in the FMCG space were among the early beneficiaries of GST 1.0 as supply chain efficiencies improved. With GST 2.0 focusing on compliance simplification, FMCG players could further reduce administrative costs. The move could also strengthen distribution networks, helping companies scale operations more effectively.
   
2. Logistics and Transportation
   Logistics has always been closely linked to tax reforms. GST 2.0’s emphasis on digital tracking and reconciliation may improve turnaround times and reduce paperwork. For logistics companies, this translates into better resource utilization and potentially stronger margins. Improved transparency may also encourage more organized players to expand.
   
3. E-commerce
   Online platforms often face tax-related complexities due to multi-state operations. GST 2.0 is expected to offer clarity on input credits and returns, which may ease operational challenges. This could benefit both e-commerce marketplaces and sellers relying heavily on digital platforms.
   
4. Banking and Financial Services
   With the integration of digital compliance and reporting, the financial sector may see opportunities to offer new services, such as advisory solutions for tax reconciliation. Moreover, NBFCs and fintech players may benefit from greater demand for compliance-linked financial products.
   

Sectors That May Face Short-Term Pressure

While GST 2.0 aims at reducing inefficiencies, certain sectors may face transitional challenges:

1. Small and Medium Enterprises (SMEs)
   Compliance burdens, even when simplified, can initially weigh on smaller businesses. SMEs that lack the infrastructure to quickly adapt to digital reporting requirements may experience short-term disruptions. However, those that adjust efficiently could benefit in the longer term.
   
2. Real Estate and Construction
   The sector has historically struggled with GST-related challenges, particularly regarding input tax credits. While GST 2.0 seeks to provide clarity, real estate firms may still require time to align operations with the updated framework. Investors should keep a close watch on how listed developers respond to the new structure.
   
3. Automobiles
   The automobile sector is sensitive to changes in tax rates and compliance costs. Any adjustments in GST categories or tax slabs under the new framework may temporarily affect demand patterns, especially in passenger vehicles and two-wheelers.
   

Key Stocks to Monitor

While sectoral trends provide a broad view, certain companies may be more directly impacted:

• Large FMCG companies such as Hindustan Unilever, ITC, and Dabur may see operational benefits if compliance becomes smoother.
  
• Logistics firms like Blue Dart and Delhivery could benefit from efficiency improvements.
  
• E-commerce enablers and listed platforms may gain traction from simplified processes.
  
• Banks and NBFCs offering compliance-related financing and services may see new opportunities.
  
• On the cautious side, listed real estate players like DLF and Godrej Properties and automobile manufacturers such as Maruti Suzuki and Hero MotoCorp may face short-term adjustments.
  

Investor Takeaway

The rollout of GST 2.0 marks an important step in India’s tax reform journey. For investors, the near-term volatility in certain stocks should be balanced against the broader efficiency gains that a simpler and more transparent tax structure can bring. While FMCG, logistics, and financial services appear positioned to benefit, sectors like real estate, automobiles, and SMEs may need more time to adapt.

A careful stock-specific approach, with attention to management commentary and quarterly results post-implementation, will help investors navigate the changes effectively. GST 2.0 is not just a tax update—it is also a structural development that may influence sectoral dynamics in the months ahead.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Sandur Manganese and Iron Ores Limited has announced a bonus issue of shares in the ratio of 2:1, setting September 23 as the date for allotment. The company has also fixed the record date for this corporate action, which is an important event for its shareholders and prospective investors.

A bonus issue is a method used by companies to reward their shareholders by issuing additional shares free of cost, based on the number of shares they already hold. For Sandur Manganese, the 2:1 ratio means that investors will receive two additional shares for every one share they currently own. This move highlights the company’s approach toward enhancing shareholder value and improving the liquidity of its stock in the market.

What is a Bonus Issue?

A bonus issue, also known as a scrip issue or capitalization of reserves, is when a company issues free additional shares to its shareholders. Instead of paying cash, the company converts a portion of its reserves or surplus into equity capital. The distribution is proportionate to existing shareholding.

For example, in Sandur Manganese’s case, an investor holding 100 shares will receive 200 more shares after the bonus issue. Post-allotment, the shareholder’s total holding will increase to 300 shares. Importantly, the overall value of the investment does not change immediately after the bonus; only the number of shares and the price per share adjust accordingly.

Sandur Manganese’s Bonus Issue: Key Highlights

1. Bonus Ratio: 2:1 (two new shares for every one held).
   
2. Record Date: The company has set the record date to identify eligible shareholders. Only those holding shares as of the record date will be entitled to receive bonus shares.
   
3. Allotment Date: The bonus shares are scheduled to be allotted on September 23.
   
4. Purpose: Typically, such corporate actions are aimed at rewarding shareholders, improving liquidity, and making the stock more affordable for small investors.

Impact on Shareholders

For shareholders, the immediate effect is an increase in the number of shares they hold. However, since the market adjusts the share price to account for the increase in outstanding shares, the overall market capitalization of the company remains broadly the same.

Let’s illustrate this with a simple example:

• Suppose the share price of Sandur Manganese before the bonus issue is ₹3,000.
  
• An investor holds 10 shares, amounting to ₹30,000 in value.
  
• After the 2:1 bonus, the investor will hold 30 shares.
  
• The market will adjust the price per share to around ₹1,000 to reflect the increased number of shares.
  
• The total value of the investment remains ₹30,000.
  

Thus, the bonus issue does not increase immediate wealth but provides benefits such as higher liquidity and more tradable shares in the market.

Why Companies Issue Bonus Shares

Companies may choose to issue bonus shares for several reasons:

• Strengthening investor confidence: Issuing bonus shares can be seen as a signal that the company has strong reserves and a positive outlook.
  
• Improving stock liquidity: With more shares in circulation and a reduced per-share price, trading activity can increase.
  
• Making shares more affordable: Lower per-share prices can attract more retail investors who may find the stock more accessible.
  
• Rewarding shareholders: Instead of distributing profits as dividends, companies sometimes prefer issuing bonus shares as a way of rewarding investors.
  

Considerations for Investors

While a bonus issue is generally viewed positively, investors should keep a few points in mind:

1. No change in intrinsic value: The wealth of shareholders does not change right after the issue. The benefit lies mainly in liquidity and accessibility.
   
2. Long-term outlook matters: The bonus itself should not be the sole reason to invest. The company’s business fundamentals, earnings growth, and industry trends are more important.
   
3. Possible increase in volatility: In the short term, stock prices may witness movements due to increased activity and investor sentiment around the record and allotment dates.
   

Sandur Manganese’s Position

Sandur Manganese and Iron Ores Limited has been engaged in the business of mining manganese and iron ores, along with related activities. Its decision to issue a 2:1 bonus reflects confidence in its reserves and balance sheet. Shareholders will be watching how the company continues to perform operationally and financially after the allotment of bonus shares.

Conclusion

The 2:1 bonus issue by Sandur Manganese marks an important step for its shareholders. With the record date fixed and allotment scheduled for September 23, investors can look forward to receiving additional shares in proportion to their current holdings. While the immediate financial value may not change, the bonus issue provides benefits in terms of liquidity, accessibility, and investor engagement.

For long-term investors, the key will be to assess the company’s performance beyond the bonus announcement and focus on its fundamentals, as these ultimately drive shareholder returns.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

The much-awaited Urban Company IPO has now moved into a crucial phase with allotment finalisation completed. Investors who subscribed to the issue are now keen to check their allotment status, understand the refund timeline, and track when shares will be credited to their demat accounts. The listing details are also of significant interest as the stock makes its market debut.

This blog provides a detailed breakdown of the allotment process, how to check your application status, refund timelines, demat account credits, and key listing details for the Urban Company IPO.

Allotment Finalisation

After the close of the subscription period, the basis of allotment has been finalised. This process determines which investors receive shares and in what quantity. The allotment ratio varies across investor categories, such as:

• Qualified Institutional Buyers (QIBs) – A significant portion is reserved for institutional investors like mutual funds, insurance companies, and foreign institutional investors.
  
• Non-Institutional Investors (NIIs) – High-net-worth individuals fall under this category, and allotment here depends on demand and oversubscription levels.
  
• Retail Individual Investors (RIIs) – A fixed percentage of the issue is reserved for small investors who apply within the retail limit.
  
• Employees and Other Reserved Categories – Some IPOs also have a portion reserved for employees or strategic investors, depending on the offer structure.
  

The allotment ensures fair distribution across categories while maintaining regulatory requirements.

How to Check IPO Allotment Status

Investors can check the Urban Company IPO allotment status through multiple methods. The status shows whether shares have been allotted and how many have been credited. Common ways include:

1. Registrar’s Website – The registrar of the IPO usually provides an option to check allotment status by entering the application number, PAN, or DP/Client ID.
   
2. Stock Exchanges – The allotment details are also updated on the BSE and NSE IPO application tracking sections, where investors can check the status using their PAN or application ID.
   
3. Broker Platforms – Many brokerage apps and online trading platforms also display allotment status once the registrar confirms the final list.
   

By checking allotment, investors quickly know whether they received shares or their application funds will be refunded.

Refunds for Non-Allottees

For those who did not receive shares, the refund process is initiated immediately after allotment finalisation. Refunds usually happen through:

• UPI Mandates – For retail investors who applied via UPI, blocked funds are released once the allotment process ends.
  
• ASBA Accounts – Investors who applied via ASBA (Application Supported by Blocked Amount) see the lien removed on their bank accounts, making the funds available again.
  
• Refund to Linked Bank Accounts – In case of partial or no allotment, refunds are directly credited back to the applicant’s bank account linked with the IPO application.
  

Refunds are typically completed within a day or two after allotment finalisation, ensuring investors can use the money for other opportunities.

Credit of Shares to Demat Accounts

For successful allottees, the shares of Urban Company will be credited directly to their demat accounts. The credit date generally falls one working day before the listing. Investors can check their demat account statements or brokerage app holdings to confirm whether shares have been credited.

This step is important because only after shares are credited can investors sell or trade them once the stock is listed.

Listing Details

The final step in the IPO process is the listing of Urban Company shares on the stock exchanges. Listing provides the first opportunity for investors to trade their shares in the secondary market.

Key aspects of listing include:

• Listing Date – The shares are expected to list within a few days of allotment finalisation. The exact date is communicated in advance.
  
• Exchanges – The shares will be listed on both the BSE and NSE, providing liquidity and access to a broad investor base.
  
• Price Discovery – On the listing day, the opening price is determined through the pre-open call auction session, balancing demand and supply.
  

Investors watch this closely to see how the market values Urban Company compared to its IPO issue price.

What Investors Should Keep in Mind

The allotment phase is a critical juncture in the IPO journey, but investors must consider a few important points:

1. Partial Allotment – Even if you applied for higher lots, you may receive fewer shares depending on demand and oversubscription levels.
   
2. Refund Timelines – Always verify that refunds are processed in case of non-allotment to avoid blocked funds longer than expected.
   
3. Demat Verification – Double-check that the shares are visible in your demat account before the listing date.
   
4. Market Volatility – Listing gains or losses depend on overall market sentiment and demand for the stock. Investors should prepare for both outcomes.
   

Conclusion

With the Urban Company IPO allotment finalised, investors now move to the next stages of refund processing, share credit, and stock listing. Those allotted shares will look forward to the listing date for potential opportunities, while non-allottees will see their funds refunded promptly.

This structured process ensures transparency and efficiency, giving every investor clarity on their investment journey. Whether you received shares or not, staying updated on the listing and future performance of Urban Company will be important for making informed decisions.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

The deadline for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2025-26, covering income earned during the financial year 2024-25, is today, 15 September 2025. The last date was initially set for 31 July 2025, but was extended due to changes in ITR forms and updates required in the system. With no further extensions announced, taxpayers who have not yet filed their returns should complete the process before the end of the day.

Official Deadline and Clarifications

In recent days, speculation on social media suggested that the ITR filing deadline would be extended to 30 September 2025. The Income Tax Department has clarified that these claims are false. The final date to file ITRs without penalty remains 15 September 2025.

Taxpayers are advised to rely only on official announcements from the Income Tax Department. Filing after the due date is still possible, but with consequences in terms of fees, interest, and loss of certain benefits.

Belated Returns and Penalties

If you miss the deadline today, you can still file a belated return until 31 December 2025. However, late filing attracts penalties under Section 234F of the Income Tax Act.

• For taxpayers with income above ₹5 lakh, the penalty is ₹5,000.
  
• For taxpayers with income up to ₹5 lakh, the penalty is ₹1,000.
  

Additionally, any unpaid tax liabilities will attract interest charges. Late filers also lose the ability to carry forward certain losses, except for those from house property, which can still be carried forward.

Tax Department Assistance

To support taxpayers on the final day, the Income Tax Department has kept a 24×7 helpdesk operational. Assistance is being provided through multiple channels, including phone calls, live chats, WebEx sessions, and social media platforms.

The department has encouraged taxpayers to file early in the day rather than waiting until the last hour, as heavy traffic on the income tax portal often leads to delays and glitches close to the deadline.

Key Steps Before Filing

If you have yet to file your return, here are the immediate steps to follow:

1. Collect documents: Keep Form 16, Form 26AS, Annual Information Statement (AIS), and other financial documents ready. Ensure bank details, PAN, and Aadhaar are correct and linked.
   
2. Choose the correct ITR form: Select the right form based on your income sources. Salaried individuals with limited income usually file ITR-1, while those with capital gains, business income, or foreign income may need to use ITR-2, ITR-3, or ITR-4.
   
3. Pay pending taxes: If you owe any self-assessment tax, pay it before filing to avoid additional interest.
   
4. File and e-verify: Filing alone is not enough. You must e-verify your return through Aadhaar OTP, net banking, or electronic verification code. Returns not verified within the specified time are treated as invalid.
   
5. Check for errors: Ensure accuracy in income details, deductions, and exemptions claimed. Mistakes may lead to notices or delays in refunds.
   

Common Issues and Solutions

On the final day of filing, portal slowdowns and errors are often reported. Taxpayers facing such issues are advised to clear their browser cache, try alternate internet connections, or file during non-peak hours, such as early morning or late night. If the problem persists, contacting the tax department’s helpdesk can provide direct solutions.

Another common issue is incorrect bank account details. Taxpayers should ensure that the bank account provided is active and pre-validated on the income tax portal for faster refunds.

What’s at Stake

Filing on time not only avoids penalties but also ensures faster processing of returns and quicker refunds. Delayed filing can complicate financial planning, especially for those applying for loans or credit facilities, as lenders often request ITR acknowledgments as proof of income.

Taxpayers who rely on carry-forward of business or capital losses should be extra cautious. Missing today’s deadline means losing the right to offset those losses against future income, potentially leading to higher tax burdens in subsequent years.

Final Word

With the deadline ending today, taxpayers are left with limited time to complete the process. The Income Tax Department has provided 24×7 assistance to help resolve last-minute challenges, but the responsibility rests with individuals to act promptly.

If you have not yet filed your return, it is advisable to finalize the paperwork, submit the return, and complete e-verification without delay. Acting today will help you avoid penalties, protect future tax benefits, and maintain compliance.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

In a historic shift at the very top of the global wealth rankings, Oracle co-founder Larry Ellison has become the world’s richest person, with an estimated net worth of $393 billion. This milestone marks a significant moment in the business and technology world, as Ellison surpasses Tesla and SpaceX chief Elon Musk, who has long held the crown of the world’s wealthiest.

This development is not just about numbers—it also reflects the evolving dynamics of global technology, innovation, and wealth creation. Let’s break down how Ellison reached this incredible milestone and what it means for the future.

Who is Larry Ellison?

Larry Ellison, born in 1944 in New York City, is one of the most iconic figures in Silicon Valley. Raised in a modest household, Ellison dropped out of college but went on to create one of the most powerful companies in enterprise technology—Oracle Corporation.

Founded in 1977, Oracle started as a small software firm focusing on database management systems. Over the decades, under Ellison’s leadership, it grew into a global powerhouse, serving thousands of corporations, governments, and institutions worldwide. Today, Oracle is a key player in cloud computing, artificial intelligence (AI), and enterprise software solutions.

Ellison’s rise from humble beginnings to becoming the world’s richest individual is often cited as the ultimate example of entrepreneurial grit and long-term vision.

How Did Ellison Overtake Elon Musk?

Ellison’s surge in net worth comes on the back of Oracle’s soaring stock price and his massive personal holdings in the company. As Oracle continues to expand aggressively in cloud computing and AI-powered services, investor optimism has driven the company’s market capitalization to new highs.

Meanwhile, Elon Musk’s wealth—primarily tied to Tesla and SpaceX—has seen volatility due to fluctuating EV demand, regulatory challenges, and slowing sales growth in key markets. While Musk remains an innovative force with ventures ranging from space exploration to brain-computer interfaces, the market’s current momentum favors Oracle and Ellison’s fortune.

Some key factors behind Ellison’s recent wealth surge include:

• Oracle’s Cloud Boom: The company has secured major contracts for cloud infrastructure and AI solutions, directly competing with giants like Amazon Web Services and Microsoft Azure.
  
• AI Integration: Oracle’s partnerships with AI leaders have strengthened its role in the ongoing AI revolution.
  
• Stable Business Model: Unlike the consumer-facing volatility in the EV industry, Oracle’s enterprise software provides steady, recurring revenues.
  
• Personal Investments: Ellison also holds significant stakes in Tesla, which has further added to his wealth over the years.
  

The Bigger Picture: Tech Titans and Shifting Wealth

Ellison’s rise highlights how quickly fortunes can shift in the fast-changing world of technology. For years, the richest-person title has been dominated by names like Elon Musk, Jeff Bezos, and Bernard Arnault. Ellison’s entry at the top underscores the growing importance of enterprise software and cloud computing, industries that may not always make daily headlines like electric cars or luxury fashion but are critical to the global economy.

Moreover, this change reflects how AI and data-driven services are creating massive wealth opportunities. Oracle’s ability to integrate its database and cloud expertise into the AI ecosystem has positioned it as a long-term winner, propelling Ellison’s net worth upward.

What Sets Larry Ellison Apart?

Unlike Musk, who often takes a high-profile public stance on politics, technology, and social issues, Ellison has maintained a relatively private lifestyle. However, he is known for his bold personality, competitive streak, and love for luxury—owning estates in Malibu, a private island in Hawaii, and one of the world’s largest yachts.

Ellison also has a strong passion for sailing and has invested heavily in the sport, making him a unique figure among billionaires. His personal style may be different from Musk’s headline-grabbing antics, but his focus on long-term business fundamentals has now placed him at the very top of the wealth hierarchy.

Looking Ahead

The title of the world’s richest person often shifts as markets rise and fall, but Larry Ellison’s achievement is monumental. It represents the culmination of nearly five decades of building Oracle into a global technology giant.

For investors, entrepreneurs, and the business world at large, Ellison’s rise to the top serves as a reminder that enterprise technology, AI, and cloud solutions are reshaping the world—and creating immense wealth in the process.

Whether Elon Musk regains the top spot in the coming months or Ellison holds onto it longer, one thing is clear: the race among tech titans will continue to define the global economy and inspire generations of innovators.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.