ORIENT PUBLICATION

Thursday, September 10, 2026

Hero Motors Limited’s Initial Public Offering to open on Wednesday, 16 September, 2026, price band set at Rs 79 – Rs 84 per Equity Share

Mumbai, 10 September, 2026: Hero Motors Limited has fixed the price band of ₹ 79- to ₹ 84 - per Equity Share of face value ₹10/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Wednesday, 16 September, 2026, for subscription and close on Friday, 18 September, 2026. Investors can bid for a minimum of 178 Equity Shares and in multiples of 178 Equity Shares thereafter.

The IPO is a combination of a fresh issue of up to Rs 600 crore and an offer-for-sale of equity shares up to Rs 400 crore by Promoters - O P Munjal Holdings, and Hero Cycles Limited.

The proceeds from its fresh issuance worth Rs 190 crore will be used for repayment/ prepayment/redemption in full or in part, of certain outstanding borrowings availed by the company, Rs 200 crore for capital expenditure of the company through purchase of equipment required for expansion in capacity of its Gautam Buddha Nagar, Uttar Pradesh facility, funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

The company is one of India’s leading automotive technology companies engaged in designing, developing, manufacturing and supplying highly engineered powertrain solutions catering to automotive original equipment manufacturers (OEMs) in

United States, Europe, India and ASEAN region (Source - CRISIL Report).

The company is a fully integrated powertrain systems provider offering comprehensive solutions including services for designing, prototyping, validating, developing, and delivering system-level and component-level powertrain solutions for both electric as

well as non-electric powertrains.

Its offerings find application in two-wheelers, performance automotive, e-bikes, off-road

vehicles, electric and hybrid cars, heavy duty vehicles, and electric vertical take-off and landing (eVTOL) categories. The company cater to requirements of its global customers such as BMW AG (BMW), Ducati Motor Holding S.P.A. (Ducati), Enviolo International Inc (enviolo), Formula Motorsport Ltd (Formula Motorsport), HUMMINGBIRDEV Inc. (Hummingbird EV), HWA AG (HWA) and leading global electric bicycle (e-bike) manufacturers and other mobility applications such as aerospace.

The company is among the few companies that address the requirements of the premium ICE and performance ICE segment that require high-performance transmission systems capable of handling tough torque needs while keeping components lightweight (Source - CRISIL Report). The company is a technology and innovation driven company and has made significant investments into its in-house design and engineering capabilities as well as forging technology partnerships with global players to enhance its expertise and product and service offerings.

The company is recognized for its leadership in the development and production of continuously variable transmissions (CVT), electric vehicle (“EV”) transmission, electric motors, integrated drive units and gear sets.

ICICI Securities Limited, DAM Capital Advisors Limited, and JM Financial Limited are the book-running lead manager, and KFin Technologies Limited is the registrar of the offer.

The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional bidders (NIIs), and not less than 35% to retail individual bidders (RIIs).

Notes for Reference:

Issue Size of the IPO based on the upper and lower end of the price band

Fresh Issue

OFS (equity shares)

Total

Lower Band (@Rs 79 )

Rs 600 crore

50, 632, 911 shares for Rs 400 crore

Rs 1,000 crore

Upper Band (@Rs 84 )

Rs 600 crore

47, 619, 047 shares for Rs 400 crore

Rs 1,000 crore

Sonaselection India Limited’s IPO to open on September 17, 2026, with Price Band of Rs.94 – Rs.99 per Equity Share of Face Value ₹10 each

Issue Highlights

Initial Public Offering of up to 14,300,000 Equity Shares.

Price band of Rs.94 - Rs.99 per equity share.

Minimum Bid lot is 150 equity shares and in multiples of 150 equity shares thereafter.

Issue will open for Anchor Investor on September 16, 2026

Issue opening date – September 17, 2026 and Issue closing date – September 21, 2026

The Floor Price is 9.40 times of the face value, and the Cap Price is 9.90 times of the face value of the Equity Shares.

Mumbai, September 10, 2026: Sonaselection India Limited, an integrated fabric manufacturing and processing company engaged in the production of value-added products, has announced the launch of its Initial Public Offering ("IPO"), scheduled to open on Thursday, September 17, 2026, and close on Monday, September 21, 2026. The Anchor Investor Bid/Issue Period will open on Wednesday, September 16, 2026, one working day before the issue opening.

The Initial Public Offering comprises a Fresh Issue of up to 14,300,000 equity shares, with a face value of ₹10 each.

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion, the “QIB Portion”), provided that our Company may, in consultation with the BRLM, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which 40% shall be reserved in the following manner (i) 33.33% of the Anchor Investor Portion shall be reserved for domestic Mutual Funds; and (ii) 6.67% of the Anchor Investor Portion shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds, as applicable, at or above the Anchor Investor Allocation Price.

Any under-subscription in the Life Insurance Companies and Pension Funds category specified in (ii) above may be allocated to domestic Mutual Funds, in accordance with the SEBI ICDR Regulations. In the event of undersubscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares of face value of ₹ 10/- each shall be added to the remaining QIB Portion (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Issue Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIB bidders (other than Anchor Investors) including Mutual Funds subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares of face value of ₹ 10/- each, available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to all QIBs.

Further, not less than 15% of the Issue shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. One-third of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹ 0.20 million and up to ₹ 1.00 million and two-thirds of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹1.00 million provided that under-subscription in either of these two sub-categories of the Non-Institutional Portion may be allocated to Non-Institutional Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price.

All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Issue through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, see “Issue Procedure” beginning on page 547 of the Red Herring Prospectus.

The Net Proceeds are proposed to be utilised towards: (i) repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company from banks; (ii) funding capital expenditure towards the purchase of plant and machinery at the existing manufacturing facility situated at 18th K.M. Stone, Chittorgarh Road, Hamirgarh, Bhilwara - 311025, Rajasthan, India; and (iii) general corporate purposes (collectively, the "Objects").

Choice Capital Advisors Private Limited is the Book Running Lead Manager to the Issue and Kfin Technologies Limited is the Registrar to the Issue. The Equity Shares are proposed to be listed on the BSE & NSE.

About Sonaselection India Limited

Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production of value added products. Leveraging advanced technology, well established production capabilities and stringent quality systems, the Company converts raw textiles into finished, high-quality fabrics. The Company’s model enables them to offer a diversified product portfolio, maintain consistent quality, support innovation in fabric development and provide customers with reliable, cost-efficient and timely solutions, thereby positioning them as a preferred partner for brands seeking consistency, innovation and faster delivery timelines.

The Company specializes in the manufacturing of 100% cotton fabric, cotton lycra (stretch) fabric, cotton blends, polyester blends, and in the processing of fabric including 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabric.

The Company’s Manufacturing Facility is located in Bhilwara, Rajasthan, widely known as the “Vastranagari” (Source: CareEdge Report), and is spread across an aggregate land area of approximately 49,540 Sq. Mtr. The Manufacturing Facility has an installed processing capacity of 82.44 million meters per annum.

In Fiscal 2026, the Company expanded its operations into the readymade garments segment (RMG) through its wholly owned subsidiary, Sionnah Enterprises Private Limited, thereby strengthening vertical integration between fabric manufacturing and downstream garment production.

Disclaimer

Sonaselection India Limited is proposing to undertake an initial public offering of its Equity Shares, subject to receipt of requisite approvals, market conditions, and other considerations, and has filed the RHP dated September 07, 2026 with SEBI and stock exchanges. The RHP is available on the websites of SEBI (www.sebi.gov.in), BSE (www.bseindia.com), NSE (www.nseindia.com), the Company (https://www.sonaselection.com/), and the BRLM: Choice Capital Advisors Private Limited at https://choiceindia.com/merchant-investment-banking.

Investors are advised that Investment in equity shares involves a high degree of risk. For details, see “Risk Factors” in the RHP on page 28. This announcement is intended for publication in India only and does not constitute an offer or solicitation elsewhere, including the U.S. The Equity Shares have not been and will not be registered under the U.S. Securities Act and may only be offered or sold outside the U.S. in compliance with Regulation S and applicable law

Wednesday, September 9, 2026

भारत में पहली बार EPD सम्मेलन 2026 का आयोजन : पर्यावरणीय पारदर्शिता और सतत विनिर्माण के भविष्य पर नीति-निर्माताओं, वैश्विक विशेषज्ञों और उद्योग जगत के दिग्गजों ने किया मंथन

मुंबई, 8 सितंबर 2026: ग्रीनएक्स एनवायरनमेंटल ने आज मुंबई के ताज लैंड्स एंड, बांद्रा वेस्ट में भारत के पहले EPD सम्मेलन 2026 का आयोजन किया। सम्मेलन में नीति-निर्माताओं, नियामक संस्थाओं, अंतरराष्ट्रीय EPD कार्यक्रम संचालकों, पर्यावरण एवं सस्टेनेबिलिटी विशेषज्ञों तथा भारत और दुनिया की प्रमुख विनिर्माण कंपनियों के प्रतिनिधियों ने हिस्सा लिया।

सम्मेलन का मकसद पर्यावरणीय पारदर्शिता और सतत विनिर्माण को लेकर बदलते वैश्विक परिदृश्य पर चर्चा करना, और भारतीय उद्योग के लिए विश्वसनीय, वैज्ञानिक व प्रमाणित पर्यावरणीय डेटा की बढ़ती अहमियत को रेखांकित करना था।

दिनभर चले इस सम्मेलन में Environmental Product Declarations (EPDs), Life Cycle Assessment (LCA) और Product Carbon Footprint (PCF) जैसे अहम विषयों पर चर्चा हुई। विशेषज्ञों ने कहा कि वैज्ञानिक और सत्यापित पर्यावरणीय डेटा के ज़रिए उद्योग अपने उत्पादों के पर्यावरणीय असर को बेहतर तरीके से माप सकते हैं, सत्यापित कर सकते हैं और पारदर्शी ढंग से लोगों के सामने रख सकते हैं।

नीति-निर्माताओं, वैश्विक विशेषज्ञों और उद्योग जगत की उल्लेखनीय भागीदारी

सम्मेलन में सरकार, नियामक संस्थाओं और उद्योग जगत के कई प्रमुख प्रतिनिधि मौजूद रहे, जिनमें शामिल थे:

श्री सिद्धेश रामदास कदम, अध्यक्ष, महाराष्ट्र प्रदूषण नियंत्रण मंडल (MPCB)

रॉयल नॉर्वेजियन कॉन्सुलेट जनरल के प्रतिनिधि

पद्मश्री डॉ. मिलिंद कांबले, संस्थापक अध्यक्ष, Dalit Indian Chamber of Commerce and Industry (DICCI)

श्रीमती आरती भोसले-अहिवाले, प्रबंध निदेशक, GreenEx Environmental Pvt. Ltd.

श्री सागर अहिवाले, प्रबंध निदेशक, Green Solution Industries Pvt. Ltd.

श्री हाकोन हाउआन, CEO, EPD-NORGE तथा President & CEO, CEO Platform, Norway

श्री प्रशांत गायकवाड़, Green Solution Group of Companies

इसके अलावा नॉर्वे सहित कई देशों के अंतरराष्ट्रीय EPD कार्यक्रम संचालकों और सस्टेनेबिलिटी विशेषज्ञों ने भी सम्मेलन में हिस्सा लिया। साथ ही MPCB, BIS और NITI Aayog जैसी भारत की नियामक संस्थाओं के प्रतिनिधि, और प्रमुख भारतीय व बहुराष्ट्रीय विनिर्माण कंपनियों के वरिष्ठ अधिकारी भी इसमें शामिल हुए।

इस सम्मेलन ने अलग-अलग हितधारकों को अपने अनुभव और ज्ञान साझा करने, दुनियाभर में उभर रही नई प्रणालियों पर बात करने, और भारत में EPD को तेज़ी से अपनाने की संभावनाओं पर विचार करने के लिए एक अहम मंच दिया।

सम्मेलन में विशेषज्ञों ने रखे अपने विचार

श्री सिद्धेश रामदास कदम, अध्यक्ष, महाराष्ट्र प्रदूषण नियंत्रण मंडल (MPCB) ने कहा कि विश्वसनीय और पारदर्शी पर्यावरणीय डेटा भारतीय उद्योग में भरोसा मज़बूत करने में अहम भूमिका निभा सकता है। उन्होंने कहा कि ऐसे मंच नियामकों, उद्योग जगत और वैश्विक सस्टेनेबिलिटी हितधारकों के बीच सहयोग मज़बूत करने के साथ-साथ व्यवसायों को मापनीय पर्यावरणीय प्रक्रियाएं अपनाने के लिए प्रोत्साहित कर सकते हैं।

श्रीमती आरती भोसले-अहिवाले, प्रबंध निदेशक, GreenEx Environmental Pvt. Ltd. ने कहा कि भारत में हुआ यह पहला EPD सम्मेलन सतत विनिर्माण में पर्यावरणीय पारदर्शिता को मुख्यधारा में लाने की दिशा में एक अहम कदम है। LCA, विश्वसनीय डेटा और अंतरराष्ट्रीय मानकों के अनुरूप EPD प्रक्रियाओं के ज़रिए भारतीय कंपनियां अपने सस्टेनेबिलिटी प्रयासों को और मापनीय, पारदर्शी और वैश्विक स्तर पर प्रासंगिक बना सकती हैं।

श्री सागर अहिवाले, प्रबंध निदेशक, Green Solution Industries Pvt. Ltd. ने कहा कि EPD इकोसिस्टम उद्योग को सिर्फ सस्टेनेबिलिटी के संकल्प लेने से आगे बढ़कर अपने पर्यावरणीय प्रदर्शन को मापनीय तरीके से दिखाने का मौका देता है। वैश्विक विशेषज्ञों, कार्यक्रम संचालकों और भारतीय हितधारकों को एक मंच पर लाना, सत्यापित पर्यावरणीय जानकारी को उद्योग के लिए और सुलभ व उपयोगी बनाने की दिशा में एक अहम कदम है।

वैश्विक मानकों से उद्योग में व्यावहारिक उपयोग तक

सम्मेलन की शुरुआत "From Transparency to Transformation: The Global Evolution of EPDs" विषय पर एक विशेष सत्र से हुई, जिसमें वैश्विक बाज़ारों में पर्यावरणीय उत्पाद पारदर्शिता की बढ़ती अहमियत और EPD की बदलती भूमिका पर चर्चा हुई।

इसके बाद EPD के मूल सिद्धांतों और अंतरराष्ट्रीय मानकों के साथ-साथ Life Cycle Assessment (LCA), Product Carbon Footprint (PCF), और सस्टेनेबिलिटी से जुड़े फ़ैसलों को ज़्यादा भरोसेमंद बनाने में EPD की भूमिका पर विस्तार से बात हुई।

सम्मेलन में EPD की पूरी प्रक्रिया भी समझाई गई — LCA मॉडलिंग और डेटा जुटाने से लेकर, मान्यता-प्राप्त वैश्विक कार्यक्रम संचालकों के ज़रिए सत्यापन और EPD के प्रकाशन तक।

विशेषज्ञों ने भारतीय कंपनियों के सामने आने वाली चुनौतियों पर भी बात की, और इस बात पर ज़ोर दिया कि उद्योग, नियामक संस्थाओं, EPD कार्यक्रम संचालकों और सस्टेनेबिलिटी विशेषज्ञों के बीच सहयोग और मज़बूत होना चाहिए।

EPD-Norge/EPD Global सहित अंतरराष्ट्रीय EPD हितधारकों की भागीदारी ने सम्मेलन को एक अहम वैश्विक नज़रिया दिया, और भारतीय उद्योग को पर्यावरणीय पारदर्शिता से जुड़े अंतरराष्ट्रीय बदलावों व आने वाली अपेक्षाओं को समझने का मौका मिला।

सस्टेनेबिलिटी के संकल्प से मापनीय कार्रवाई की ओर

सम्मेलन के दूसरे सत्र में इस बात पर ख़ास ज़ोर दिया गया कि सस्टेनेबिलिटी से जुड़े संकल्पों को मापनीय और प्रमाणित कार्रवाई में कैसे बदला जाए।

इस दौरान EPD Verification, Technology-enabled EPDs, और भारतीय उद्योगों के लिए सही EPD कार्यक्रम चुनने जैसे व्यावहारिक विषयों पर चर्चा हुई।

"EPD Publication Strategy – Trust, Technology and Programme Selection" विषय पर हुई एक ख़ास पैनल चर्चा में सत्यापन, सस्टेनेबिलिटी, विनिर्माण और EPD प्लेटफॉर्म से जुड़े विशेषज्ञ शामिल हुए। पैनल में इस बात पर मंथन हुआ कि कंपनियां किस तरह भरोसेमंद, मज़बूत और अंतरराष्ट्रीय स्तर पर प्रासंगिक Environmental Declarations तैयार कर सकती हैं।

सम्मेलन में अलग-अलग उद्योगों के EPD Case Studies भी सामने रखे गए, जिनसे यह पता चला कि कंपनियां अपनी पूरी उत्पाद मूल्य श्रृंखला में मापनीय, सत्यापित और पारदर्शी पर्यावरणीय जानकारी की दिशा में कैसे आगे बढ़ सकती हैं।

भारत में EPD अपनाने की दिशा में महत्वपूर्ण पहल

वैश्विक बाज़ारों में भरोसेमंद पर्यावरणीय डेटा और पारदर्शिता की बढ़ती मांग के बीच, भारत का पहला EPD सम्मेलन 2026 देश में EPD को लेकर जागरूकता और संवाद बढ़ाने की दिशा में एक अहम पहल साबित हुआ।

सम्मेलन ने भारतीय उद्योग को EPD को समझने, अपनाने और बड़े स्तर पर लागू करने के साथ-साथ, अंतरराष्ट्रीय स्तर पर बदल रहे सस्टेनेबिलिटी मानकों और अपेक्षाओं के मुताबिक आगे बढ़ने के लिए एक साझा मंच दिया।

GreenEx Environmental के कम्युनिकेशन पार्टनर Bubble Communication ने सम्मेलन के मीडिया आउटरीच और कम्युनिकेशन की ज़िम्मेदारी संभाली, जिससे पर्यावरणीय पारदर्शिता, सतत विनिर्माण और भारत में EPD की बढ़ती अहमियत से जुड़े संवाद को ज़्यादा लोगों तक पहुंचाने में मदद मिली।

FROM TEA TO TECHNOLOGY: SACHIN TENDULKAR TAKES YOU INSIDE THE HIDDEN WORLD OF DP WORLD’S GLOBAL LOGISTICS

New brand film with the message “We move the world to change what’s possible’ brings a human perspective to the unseen world of logistics

MUMBAI, INDIA – 09 September 2026: A cup of tea, a smartphone, the clothes we wear or the car we drive; we rarely think about the journeys that make them possible. A new brand film from DP World featuring Global Ambassador Sachin Tendulkar turns the spotlight on that unseen world, revealing what it takes to move goods from where they are made to where they are needed.

Bringing DP World’s ‘We move the world to change what’s possible’ message to life, the campaign follows these journeys from origin to destination, highlighting the people, technology and logistics behind their movement. Through Sachin Tendulkar’s perspective, the film moves beyond explaining logistics capabilities to show what they mean for the businesses and consumers DP World ultimately serves.

The DP World brand film captures the scale, complexity and interconnectedness of DP World’s logistics capabilities through familiar, everyday experiences highlighting the role it plays in enabling the movement of goods and global trade. His presence also creates a human connection to a world that is often invisible, demonstrating that behind everything that reaches consumers, there is a journey, and behind every journey, there are people making it happen.

Hemant Kumar Ruia, Country Manager – India, DP World, said, “Logistics may operate behind the scenes, but it plays a vital role in keeping everyday life moving. This film brings these often-unseen multimodal journeys to the forefront, showcasing the people, world-class infrastructure and technology working seamlessly across land, air and sea to keep goods moving. At DP World, we connect every stage of the supply chain to simplify logistics and help businesses deliver the products people depend on every day. We go beyond moving cargo, we connect businesses, people and markets, helping our customers unlock new opportunities and change what’s possible.”

DP World Global Ambassador Sachin Tendulkar commented, “I was delighted to be part of this campaign film because it allowed me to step into a world that most of us rarely see. Behind every product, every delivery and every journey is a remarkable story of people working together to keep the world moving. That spirit of connection, teamwork and making possibilities happen is at the heart of DP World. I hope the film gives audiences a glimpse of the people and the purpose behind the movement of goods across the world, in a way that feels real, human and inspiring.”

The film showcases DP World’s integrated logistics ecosystem across warehousing, multimodal transportation, technology and last-mile delivery, demonstrating how these capabilities work together to move goods seamlessly from origin to destination. At the heart of these journeys are DP World’s warehouse teams, operators and logistics professionals, whose expertise, coordination and precision ensure that goods keep moving and reach the businesses and people who depend on them.

The brand film was conceived by McCann and directed by Harsha Prabhakar Rao, Founder of Black Picture Co., which also served as the production agency.

The brand film can be viewed here.

The campaign will reach audiences across broadcast, outdoor, digital and social platforms.

JICA Supported Western Dedicated Freight Corridor Completed, Marking Landmark Milestone in India–Japan Infrastructure Cooperation

Hon’ble Prime Minister Shri Narendra Modi dedicated key sections of the Freight Corridor to the nation

*Mumbai, 8th September 2026: J* apan International Cooperation Agency (JICA), achieved a landmark milestone, with the completion and fully operationalisation of the Western Dedicated Freight Corridor (WDFC). The Dedicated Freight Corridor has been developed with financial and technical support from JICA, in collaboration with the Dedicated Freight Corridor Corporation of India Limited (DFCCIL), the implementing agency under the Ministry of Railways, Government of India.

Hon’ble Prime Minister Shri Narendra Modi today dedicated key sections of the completed Western Dedicated Freight Corridor to the nation from Vadodara, Gujarat. The three sections, New Sanad North – New Makarpura, New Umbergaon – New Saphale, and New Saphale – New JNPT, together cover a total length of 326 KM and have been constructed at a cumulative cost of ₹20,703 crore.

*The event at Maharashtra location was graced by the presence of Shri Jishnu Dev Varma, Hon’ble Governor of Maharashtra; Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra; Ms. Sato Hitomi, Consul-General, Consulate-General of Japan in Mumbai; Mr. TAKEUCHI Takuro, Chief Representative, JICA India along with Shri Praveen Kumar, Managing Director, DFCCIL and other dignitaries.*

The completion of the 1,506 KM long Western Dedicated Freight Corridor (WDFC), now connects Dadri in Uttar Pradesh with the Jawaharlal Nehru Port (JNPT) in Mumbai, marking a major milestone in the modernisation of India’s freight transportation network. This project represents one of the most significant achievements of India–Japan cooperation in large-scale infrastructure development.

JICA has extended cumulative Official Development Assistance (ODA) loans of JPY 620,787 million (INR 37,658 crore) to DFCCIL, supporting India’s efforts to modernise, enhance logistics infrastructure and strengthen connectivity along the Western Dedicated Freight Corridor.

*On this occasion, Ms. Sato Hitomi, Consul-General, Consulate-General of Japan in Mumbai said,* “the inauguration of the Western Dedicated Freight Corridor shows another completion of the flagship project of Japan-India cooperation. As a national logistics artery, this high-capacity, fully electrified corridor will accelerate logistics, enhance industrial competitiveness, reduce greenhouse-gas emissions, and ease congestion on passenger lines. Japan is proud to have participated in this initiative through ODA scheme. JICA and Japanese and Indian companies and experts have shared their knowledge and worked hard to realize the project.”

*Mr. TAKEUCHI Takuro, Chief Representative, JICA India,* shared the following comments: “WDFC is not merely a railway project. It is a story of vision, perseverance, and partnership. When the idea was first proposed, many thought it was too ambitious. Today, it stands as a powerful example of what can be achieved through long-term commitment and cooperation. JICA remains fully committed to supporting India's continued development and to further strengthening the special strategic and global partnership between the two countries.”

The commissioning of these three sections of the WDFC will provide direct rail connectivity to Jawaharlal Nehru Port Authority (JNPA) through the WDFC network, enabling faster and more efficient cargo movement. The corridor connects key industrial hubs in Palghar, Thane and Raigad in Maharashtra with industrial centres across Uttar Pradesh, Haryana, Punjab, Rajasthan and Gujarat, linking them to ports and national markets and supporting regional economic growth. It is also expected to reduce logistics costs and transit time while helping decongest Mumbai’s railway network.

Tuesday, September 8, 2026

Maharaja & Speedex India Limited IPO Opens on Thursday, September 10, 2026Total Offer Size - Up To 43,08,000 Equity Shares of ₹ 10 each

Fresh Issue - Up To 34,46,400 Equity Shares

Offer for Sale - Up To 8,61,600 Equity Shares

IPO Size - ₹ 80.13 Crore (At Upper Price Band)

Price Band - ₹ 177 - ₹ 186 Per Share

Lot Size – 600 Equity Shares (*Bids can be made for a minimum of 1,200 Equity Shares and in multiples of 600 Equity Shares thereafter)

Mumbai, September 8, 2026 – Maharaja & Speedex India Limited a manufacturer and distributor of stainless-steel bottles and allied drinkware products, proposes to open its Initial Public Offering on Thursday, September 10, 2026, aiming to raise ₹ 80.13 Crores (At Upper Price Band) with shares to be listed on the BSE SME platform.

The offer size is 43,08,000 equity shares of face value of ₹ 10 each with a price band of ₹177 - ₹186 Per Share.

Equity Share Allocation

QIB Portion – Not More than 50.00% of the Net Offer

Non-Institutional Investors - Not less than 15.00% of the Net Offer

Retail Individual Investors - Not less than 35.00% of the Net Offer

Market Maker - Up to 2,16,000 Equity Shares

The net proceeds from the fresh issue will be utilized for repayment and/or pre-payment, in full or part, of certain borrowings availed by Company and its subsidiary from banks, funding of capital expenditure towards purchase of plant and machinery at the existing manufacturing facility of its wholly-owned subsidiary and general corporate purposes. The anchor bidding is on Wednesday, September 9, 2026. The offer will open on Thursday, September 10, 2026 and will close on Tuesday, September 15, 2026.

The Book Running Lead Manager to the offer is Choice Capital Advisors Private Limited, and the Registrar is Maashitla Securities Private Limited.

Mr. Rakesh Kumar Aggarwal, Chairman and Managing Director of Maharaja & Speedex India Limited, said, “At Maharaja & Speedex India Limited, our journey has been guided by a commitment to quality, innovation and customer-centricity in the drinkware segment. Over the years, we have developed a diversified portfolio of stainless-steel bottles and allied drinkware products, supported by our brands Speedex and Dewdrop, along with our OEM and private-label capabilities.

Our strong manufacturing capabilities, extensive product portfolio and Pan-India distribution network position us well to serve the growing needs of both retail and institutional customers. With increasing consumer preference for durable, reusable and sustainable drinkware solutions, we see meaningful opportunities to further expand our market presence and product offerings.

The proposed Initial Public Offering marks a significant milestone in our growth journey. The proceeds will support investments in plant and machinery at our existing manufacturing facility, enabling us to strengthen our production capabilities, enhance operational efficiency and support future business growth.

As we move forward, our focus remains on expanding our product portfolio, strengthening our brands and distribution network, and creating a scalable and sustainable business. We are confident that this next phase will enable the company to build upon its existing strengths.”

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited, said, “Maharaja & Speedex India Limited has established a strong presence in the organised drinkware segment, supported by a diversified portfolio of stainless-steel bottles and allied products, established brands and a growing OEM and private-label business. Its manufacturing capabilities, broad product range and Pan-India distribution network provide a well-rounded platform to address opportunities across retail and institutional markets.

The Company’s focus on stainless-steel and reusable drinkware products is aligned with evolving consumer preferences towards durable and sustainable alternatives. With 223 SKUs, established manufacturing infrastructure and a network of 101 distributors across 17 states and 2 Union Territories, the Company has developed a scalable business platform with significant scope for further market penetration.

The proposed IPO represents an important step in the Company’s growth journey. The planned investment in plant and machinery is expected to strengthen manufacturing capabilities, enhance operational efficiencies and support the Company’s ability to cater to growing demand.

We believe Maharaja & Speedex India Limited is well positioned to leverage its manufacturing capabilities, brand presence, distribution reach and product diversification to pursue its next phase of growth.”

About Maharaja & Speedex India Limited:

Maharaja & Speedex India Limited is a drinkware manufacturing and distribution company focused on stainless-steel bottles and allied drinkware products. Its portfolio includes Standard Products and Novelty Products, marketed under its own brands, Speedex and Dewdrop, as well as through OEM and private-label arrangements.

Manufacturing is undertaken through its wholly-owned subsidiary, Dewdrop Bottles Private Limited, which operates two units in Sonipat, Haryana. The Company's products are distributed through a Pan-India network of 101 distributors across 17 states and 2 Union Territories, along with modern trade and online channels.

In FY26, the Company achieved revenue of ₹ 12,265.38 lakhs, EBITDA of ₹ 2,252.33 lakhs & PAT of ₹ 1,534.19 lakhs.

Disclaimer:

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Thursday, September 3, 2026

Glass Wall Systems (India) Limited’s Initial Public Offering to open on Tuesday, September 8, 2026

Glass Wall Systems (India) Limited’s Initial Public Offering to open on Tuesday, September 8, 2026, Price band of ₹172 – ₹182 per Equity Share of face value of ₹2 each

• Price band of ₹172 – ₹182 per Equity Share bearing face value of ₹2 each (“Equity Shares”)

• Anchor Investor Bidding Date – Monday, September 7, 2026

• Bid/Offer Opening Date – Tuesday, September 8, 2026 and Bid/Offer Closing Date – Thursday, September 10, 2026

• Minimum Bid Lot is 82 Equity Shares of face value of ₹2 each and in multiples of 82 Equity Shares of face value of ₹2 each thereafter

September 3, 2026, Mumbai: Glass Wall Systems (India) Limited (“Company”) proposes to open the initial public offering (“Offer”) of its equity shares of face value ₹ 2 each and has fixed the price band of ₹172 to ₹182 per Equity Share of face value ₹2 each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, September 8, 2026, for subscription and close on Thursday, September 10, 2026.

Investors can bid for a minimum of 82 Equity Shares and in multiples of 82 Equity Shares thereafter.

The issued, subscribed and paid-up Equity Shares capital of the Company is ₹169,277,100 divided into 84,638,550 Equity Shares of ₹2 each.

The Offer comprises of a fresh issue of up to ₹600.00 million and an offer-for-sale for up to 20,213,722 equity shares by the promoter selling shareholders, namely Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani and investor selling shareholder - India Business Excellence Fund IIA.

The proceeds from its fresh issuance worth ₹500.00 million will be utilized for funding capital expenditure requirement for setting up of glass processing unit as part of planned backward integration of the Company’s Vile Bhagad, Maharashtra, facility.

The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional investors (NIIs), and not less than 35% to retail individual investors (RIIs).

Incorporated in 2002, the Company is a façade solutions and fenestration provider in India and across markets in the USA and Australia. It is the second-largest provider of façade solutions in India in terms of revenue in Fiscal 2025 and Fiscal 2024 (Source: Ken Report).

The Company is also India’s largest façade exporter in 2024 in terms of revenue (Source: Ken Report). With over two decades of experience in the façade solutions industry, the Company has successfully completed 158 projects, as of March 31, 2026, showcasing its expertise in delivering innovative solutions.

Façade and Fenestration Solutions and the Company’s offerings

The façade and fenestration sector serves as the critical interface between a building’s interior and its external environment, combining advanced materials, precision engineering and architectural design to deliver both form and function (Source: Ken Report).

The Company’s façade solutions ensure the development of building exteriors that are both functional and visually appealing, while promoting sustainability and compliance with international standards, such as ASTM International and Australian / New Zealand standards. Its offerings include curtain wall façades, storefront wall facades, unitized and semi-unitized curtain wall façades and frameless façades.

Business Verticals

The Company’s operations are categorized into three main verticals

Domestic Façade Solutions – It provides comprehensive façade solutions including design, engineering, fabrication and manufacturing, supply and installation services, serving real estate developers, general contractors and corporate clients. The Company primarily undertakes engineering, procurement, and construction (EPC) and manufacturing services for façade solutions to clients.

International Façade Products Supply – It is focused on providing design, engineering, fabrication and manufacturing and supply of sustainable façade products tailored to specific requirements of general contractors and façade contracting companies.

Fenestration Solutions – With the aim of capturing the growing high-end domestic fenestration market, the Company has recently commenced offering fenestration solutions tailored to developers of luxury residential properties and to high net-worth individuals in the luxury sector of the Indian market and have acquired Yes Systems Private Limited (Yes Systems) pursuant to a share purchase agreement dated August 21,2025 with effect from August 21, 2025.

The Company specializes in premium fenestration solutions, including custom-designed luxury windows, doors, skylights, and partition systems, tailored to the luxury sector of the Indian real-estate market. By driving growth through capacity expansion and backward integration, the Company is well-positioned to enhance its operational efficiency, market competitiveness, and profitability.

Product Portfolio

The Company provides a diverse array of innovative and customized products, including façade and curtain wall systems, bolted façades, skylights, canopies, and space frames, louvers, rain screen cladding, diagrids, and aluminium doors and windows. Its products offer benefits in the form of enhanced aesthetic appeal, improved energy efficiency, and superior structural performance. Further, some of its products have been certified with Environmental Product Declarations (EPDs) by an independent third-party certifying body, in accordance with internationally recognized standards. These certifications support the Company’s customers' environmental, social, and governance (ESG) objectives and procurement requirements, by providing independently verified environmental performance data.

Clients and Key Projects

The Company provides its products and services to a range of real estate developers, hospitals, airport authorities, general contractors and corporate clients involved in developing commercial, residential and institutional properties across India as well as façade contractor companies and general contractors in the USA and Australia.

The Company maintains long-standing relationships with its clients, and its association with several key clients such as Bagmane, K Raheja and Prestige spans over eight years and extends up to 12 years in certain cases, reflecting the strength and stability of our partnerships.

Notable domestic façade projects undertaken by the Company in both commercial and residential sectors include The Capital, Kohinoor Square, Bagmane Rio and Lodha World One, certain of which have received industry recognitions for their innovative design and execution.

Internationally, the Company has undertaken projects such as Jackson Avenue measuring 16,707.76 square meters, 1400 South Wabash measuring 10,900.42 square meters, 2300 Market Place measuring 7,597.48 square meters, 3202 Cuthbert measuring 5,207.66 square meters, Spark GTIC measuring 14,640.12 square meters, and Harper Court measuring 12,491.97 square meters in USA in collaboration with its client, Reflection Window + Wall (RWW), and Project Dove in Australia measuring 2,237 square meters.

Delivery Capabilities

The Company offers comprehensive solutions through three primary areas - design and engineering, its manufacturing facility, and project management support.

Its primary manufacturing facility is located at Vile Bhagad, Maharashtra on a land parcel admeasuring 101,299 square meters. As of March 31, 2026, its Vile Bhagad Facility is spread across a developed area of 32,415.45 square meters and has a post-expansion production capacity of 130 panels per day.

The Company is pursuing backward integration through the establishment of in-house glass processing unit which includes a capital expenditure of ₹500.00 million from the net proceeds.

The Company operates four dedicated production lines, and currently its facility is operated by a team of over 120 personnel, as of March 31, 2026 at its Vile Bhagad Facility. As of July 31, 2026, its domestic façade solutions order book amounted to ₹6,260.91 million while it had outstanding orders of ₹1,861.91 million for supply of façade products internationally.

Further, as of July 31, 2026, the order book for its fenestration business under Yes Systems amounted to ₹1,692.64 million.

Its revenue from operations was ₹4,569.71 million in FY26 as against ₹3,043.42 million in FY24. Its net profit was ₹837.89 million in FY26 as against ₹202.51 million in FY24.

IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Motilal Investment Advisors Limited^ are the book running lead managers and MUFG Intime India Private Limited (formerly Link Intime India Private Limited) is the Registrar to the offer. The equity shares are proposed to be listed on BSE Limited (“BSE’) and National Stock Exchange of India Limited (“NSE”).

In compliance with the proviso to regulation 21A and explanation (iii) to regulation 21A of the SEBI (Merchant Bankers) Regulations, 1992, and regulation 23(3) of the SEBI ICDR Regulations, Motilal Oswal Investment Advisors Limited will be involved in only the marketing of the Offer. Motilal Oswal Investment Advisors Limited has signed the due diligence certificate and has been disclosed as a BRLM for the Offer.

Glass Wall Systems (India) Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus (“RHP”) dated September 1, 2026, with the Registrar of Companies, Mumbai-I at Mumbai (“RoC”). The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM https://www.motilaloswal.com/, and https://www.iiflcapital.com/, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://www.glasswallsystems.in/.

Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 26 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.The Equity Shares offered in the Offer have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the issue are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Offer or the specified securities stated in the offer documents. The investors are advised to refer to page 450 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited, nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to page 452 of the RHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE, nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to page 453 of the RHP for the full text of the disclaimer clause of NSE.

Kanohar Electricals Limited’s Initial Public Offering to open on Tuesday, September 08, 2026, price band set at Rs 601 – Rs 632 per Equity Share

Price band of Rs 601 – Rs 632 per Equity Share bearing face value of Rs 2 each (“Equity Shares”)

Bid/Offer Opening Date – Tuesday, September 08, 2026 and Bid/Offer Closing Date – Thursday, September 10, 2026

Minimum Bid Lot is 23 Equity Shares and in multiples of 23 Equity Shares thereafter

Mumbai, September 03, 2026: Kanohar Electricals Limited has fixed the price band of Rs 601/- to Rs 632/- per Equity Share of face value Rs 2/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Tuesday, September 08, 2026, for subscription and close on Thursday, September 10, 2026.

Investors can bid for a minimum of 23 Equity Shares and in multiples of 23 Equity Shares thereafter.

Equity shares outstanding as on date is 74,440,000 Equity Shares of Rs 2 each.

The offer, with a face value of Rs 2, is a mix of fresh issue of shares up to Rs 300 crore and an offer-for-sale for up to 11,957,915 shares by promoter – K Sons Family Trust.

The proceeds from its fresh issuance worth Rs 64.1 crore will be used for funding the capital expenditure requirements of the company toward the purchase of new machinery and equipment for its Gangol manufacturing facility for increasing its transformer manufacturing capacity, expanding and automating its backward integration facilities and enhancing operational efficiency, civil construction and interior development of an office building at its Gangol manufacturing facility, and enhancing its sustainability initiatives by setting up of solar power plants at its manufacturing facilities, and purchasing electric vehicles for handling and movement at its Gangol manufacturing facility. Also, Rs 155 crore for funding the incremental working capital requirements of the company, and general corporate purposes.

The company is one of the leading domestic players in transformer manufacturing in terms of revenue in Fiscal 2026. The company caters to high-growth industries such as power transmission, railways, renewable energy and power distribution (Source: CARE Report).

As of March 31, 2026, the company is one of five companies in India to have short-circuit test certification for 500 MVA, 400 kV transformers that are used in the power transmission industry (Source: CARE Report). The company conducts short-circuit testing of its transformers at a scale and, as of March 31, 2026, have tested over 200 ratings.

The company is one of four manufacturers in India certified by the Research Designs and Standards Organization (RDSO), the research and development wing of Indian Railways, to manufacture 100 MVA, 132 kV Scott transformers. The company is also one of two Indian manufacturers certified to manufacture 100 MVA, 220 kV Scott transformers, both of which cater to the demand for rail network electrification from Indian Railways (Source: CARE Report).

Through the company's backward-integrated facilities, it offers a wide range of products and solutions for India's energy infrastructure, particularly in transformer manufacturing, supported by its in-house technology.

The company operates its business through two segments - transformer manufacturing business and EPC Business.

In its EPC business, the company undertakes engineering, procurement and construction projects in the power transmission and distribution sector, in addition to their transformer manufacturing operations. This enables them to execute turnkey projects for substations and transmission lines.

The company also undertakes turnkey installation of air-insulated and gas-insulated substations, bay augmentation in existing substations of up to 400 kV class, and installation of transmission lines across 132 kV, 220 kV and 400 kV.

The company's EPC projects typically involve the design, engineering, procurement, supply, erection, testing and commissioning of electrical infrastructure.

The company has over 40 years of experience in its transformer manufacturing business. As a part of its transformer manufacturing business, it manufactures five different types of transformers with customized technical specifications to address the energy needs of industries to which we cater, which include power transmission, railways, renewable energy and power distribution.

The company’s revenue from operations was Rs 653.83 crore in FY26 as against Rs 276.6 crore in FY24. Its net profit was Rs 129.7 crore in FY26 as against Rs 17.7 crore in FY24.

Nuvama Wealth Management Limited and IIFL Capital Services Limited are the book-running lead manager, and MUFG Intime India Private Limited is the registrar of the Offer. The equity shares are proposed to be listed on NSE and BSE.

Kanohar Electricals Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM https://www.iiflcapital.com/, and https://www.nuvama.com/ the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://www.kanohar.com/.

This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended, or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the securities are not being offered or sold in the United States.

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 428 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited, nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to page 431 of the RHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE, nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to page 431 of the RHP for the full text of the disclaimer clause of NSE.

Kanohar Electricals Limited’s Initial Public Offering to open on Tuesday, September 08, 2026, price band set at Rs 601 – Rs 632 per Equity Share