West Asia Crisis: Indian Missions Playing a Key Role in Safety and Evacuation of Citizens

13th April, New Delhi– Amid the Iran–Israel conflict and rising regional tensions, the Indian Embassy in Tehran is playing a central role in ensuring the safety and evacuation of Indian citizens stranded there. According to recent reports, under “Operation Sindhu” and other evacuation efforts, the embassy has taken several significant steps to safely bring back thousands of Indians.

With Iranian airspace closed and limited flight availability, the embassy has coordinated with Armenia and Azerbaijan to arrange evacuations via land routes. Since the conflict began, more than 2,200 Indian nationals have reportedly been evacuated through these routes, including around 1,000 students and over 650 fishermen. External Affairs Minister Dr. S. Jaishankar stated on April 11 that an additional 312 Indian fishermen had been safely evacuated from Iran.

In a post on social media platform X, the Minister wrote, “Another 312 Indian fishermen safely evacuated from Iran to India through Armenia. Thank the Government of Armenia and my friend Ararat Mirzoyan for making this possible.” Additionally, during his UAE visit on April 12, Dr. Jaishankar met President Mohamed bin Zayed and expressed gratitude for ensuring the safety and well-being of the Indian community during the ongoing conflict. Earlier, on April 5, 345 Indian fishermen stranded in Iran were safely brought to Chennai via Armenia.

Despite the closure of air routes, India’s Ministry of External Affairs and the Indian Embassy in Tehran have made every possible effort to assist distressed citizens, and the phased evacuation of Indians continues in batches.

According to media reports, many of those recently evacuated via Armenia are fishermen from Tamil Nadu’s districts of Kanyakumari, Thoothukudi, Tirunelveli, and Nagapattinam. After returning home, the fishermen described their journey back from war-hit Iran as being like receiving a “second life.” They also expressed gratitude to the Ministry of External Affairs and Indian missions for their safe return.

It is worth noting that as soon as the conflict began in West Asia, Indian missions across the region went on high alert. They have been continuously issuing advisories in the interest of Indian citizens, urging them to stay in touch with the embassy and seek guidance before heading toward any international border. Despite efforts toward ceasefire and peace talks, the situation in the region remains tense, and the Government of India is prioritizing the 

Citius TransNet Investment Trust’s issue to open on, April 17, 2026, price band set at ₹ 99– ₹ 100 per Unit

Price band of ₹ 99 – ₹ 100 per Unit 

Bid/Issue Opening Date –April 17, 2026 and Bid/Issue Closing Date – April 21, 2026.

 

Minimum Bid Lot is 150 Units and in multiples of 150 Units thereafter

Mumbai, April 13, 2026: Citius TransNet Investment Trust has fixed the price band of ₹ 99 – ₹ 100 per Unit for its Issue. The Issue of the Trust will open on April 17, 2026 for subscription and close on April 21, 2026. 

The Gross Proceeds of the Issue are estimated to be ₹ 11,050.00 million. Out of the Net Proceeds from the Issue, up to ₹ 10,000.00 million is proposed to be utilized for partial or full acquisition (or as applicable, redemption) of securities of SRPL Roads Private Limited and certain identified project SPVs namely, Thrissur Expressway Limited, Jorabat Shillong Expressway Limited, Dhola Infra Projects Private Limited and Dibang Infra Projects Private Limited, and the balance for general purposes.

Citius TransNet Investment Trust (“Trust”), is a transport sector-focused infrastructure investment trust (“InvIT”), established with an objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India. It was settled by way of the Trust Deed, by the Sponsor, and registered as an InvIT with SEBI on August 1, 2025, in accordance with the provisions of the InvIT Regulations. 

The sponsor of the Trust is Epic TransNet Infrastructure Private Limited (formerly known as Watrak Infrastructure Private Limited) ( “Sponsor”). The Sponsor is wholly-owned by the schemes of Infrastructure Yield Trust (that is, Infrastructure Yield Plus II, Infrastructure Yield Plus IIA and India Infrastructure Yield Plus II), an alternate investment fund managed by EAAA India Alternatives Limited (“EAAA”). 

Our sponsor group comprises the Sponsor, Infrastructure Yield Trust (through its schemes Infrastructure Yield Plus II, Infrastructure Yield Plus IIA and India Infrastructure Yield Plus II), Epic Transnet Project Management Private Limited (formerly known as Chennai-Tada Tollway Private Limited) (“Project Manager”), and Neelambur Madukkarai Tollway Private Limited.

The investment manager of the Trust is EAAA TransInfra Managers Limited (“Investment Manager”). The Investment Manager is a wholly-owned subsidiary of EAAA. 

The Trust’s revenue from operations increased to ₹ 19,870.46 million during the Financial Year 2025 from ₹ 17,735.16 million during the Financial Year 2023. Its net cash flow from operating activities increased to ₹ 10,449.52 million during the Financial Year 2025 from ₹ 9,079.25 million during the Financial Year 2023. The Trust’s revenue from operations was ₹ 14,963.64 million and the net cash flow from operating activities was ₹ 7,820.15 million for the nine months ended December 31, 2025. Furthermore, the adjusted enterprise value of the Project SPVs is approximately ₹ 120,588 million as on December 31, 2025. 

Subject to completion of the formation transactions, its initial portfolio of road assets will comprise 10 toll and annuity projects, together with the relevant project special purpose vehicles ( “Project SPVs”) through which they are held, and Epic Concesiones 3 Private Limited and SRPL, the holding companies of all Project SPVs (the “HoldCos”, and together with Project SPVs, “Initial Portfolio Assets”), except for one Project SPV, Thrissur Expressway Limited, which will be held directly by the Trust. The Initial Portfolio Assets comprise a total of 3,406.71 lane-kms (seven toll assets spanning more than 3,043.22 lane-kms, and three annuity assets spanning more than 363.49 lane-kms) across nine different Indian states as of the date of the Offer Document.

The Trust has a large and well-dispersed portfolio of Project SPVs with toll and annuity assets contributing 82.30% and 17.70% towards its total cash revenue receipts for the Financial Year 2025, respectively, with a long operating history (10.13 years for the toll assets), and residual concession life (weighted average residual life by enterprise value weight of 12.93 years for toll assets) as of December 31, 2025, and proven track record of traffic growth (AUM weighted annual average daily traffic PCU growth of 7.10%, excluding Panipat Elevated Corridor Private Limited on account of its short residual life) between the Financial Year 2023 and 2025 –as per the CRISIL Report. The Trust believes that the Project SPVs have a strong operational history as four of its toll assets have a tolling history of more than 12 years and two of its other toll assets have been collecting toll for over 5 years. 

The Trust will have assets which are strategically located across geographically diverse clusters (across 9 different states, situated near major economic corridors (mining, ports, industrial belt), handling diverse industry and commodity mix, with 63.17% of toll collection is from the assets located in the top 5 GST ranked states as well as from the top 5 per capita NSDP states as per the CRISIL Report. Further, freight vehicles contribute nearly 74% of the toll collection as per the Traffic Reports.

The Trust has a strategic expansion strategy over the next few years. The Trust has entered into right of first offer agreement (“ROFO Agreement”) for acquisition of 11 NHAI hybrid annuity model (“HAM”) assets, held or to be acquired by the EAAA platform, In the event that all 11 Identified ROFO Assets are successfully acquired by us in terms of the ROFO Agreement, our total portfolio shall comprise of 21 roads assets representing approximately 5,773 lane-kms across 12 different states. 

Further, out of the 11 HAM assets, 10 have either received the provisional commercial operations or the commercial operations date as on the date of the Offer Document. For the Financial Year 2025, the 10 operational Identified ROFO Assets generated an annuity and interest on unpaid annuity of ₹ 8,900.00 million.   

For the Financial Year 2025, the toll collection(net of revenue share) and the HAM (including all operational ROFO Assets under the HAM framework but excluding the operation and maintenance component of the payments under the respective contracts) and annuity receipts without GST would constitute 56.05% and 43.95% respectively of the combined cash revenue receipts of the Initial Portfolio Assets and all 10 operational Identified ROFO Assets as per the CRISIL Report. 

The Trust has experienced team with full spectrum asset management and maintenance capabilities, spanning the entire asset life cycle, backed by tech-enabled operations and maintenance. A combination of the in-house asset management expertise of 350 professionals employed by the Project Manager and Initial Portfolio Assets as of December 31, 2025. Collaborations with premier institutions, including IITs and Central Road Research Institute to introduce and develop new technologies and innovative solutions, strengthening operational efficiency and promoting continuous improvement in O&M practices. The Trust also has an in-house research and development laboratory located in the industrial area of Turbhe, Navi Mumbai. 

The Project SPVs has received 28 awards, recognitions and accreditations for a wide range of achievements, including operational excellence, construction innovation, O&M practices, health and safety, environmental management and social impact.

The skilled and experienced management team in the Investment Manager and Project Manager, along with the EAAA platform have a strong focus on corporate governance and capital management. EAAA operates a diversified, multi-strategy platform, in large, under-tapped and fast-growing alternative asset classes, focusing on providing income and yield solutions to a diverse client base, including, global pension funds, insurance companies and ultra-high net worth individuals. It is supported by an asset management team of 61 members and 80 investment professionals as of December 31, 2025. As of March 31, 2025, EAAA managed three out of the 16 funds focused on infrastructure investments and ranks third among infrastructure investment managers by total assets under management as per the CRISIL Report. 

The EAAA platform, the Sponsor and members of the Sponsor Group, have experience in managing and operating road, renewable, and transmission infrastructure assets, with an established governance framework that guides investment and asset management practices.

Further, the EAAA platform offers strong and differentiated asset acquisition capability (which includes 32 assets acquired and have entered into binding agreements for six Identified ROFO Assets, between the Financial Years 2018 and Financial Year 2025, through multiple acquisition strategies), and investment capabilities. Separately, the EAAA platform has set up, and continues to manage, operate and grow the AnZen India Energy Yield Plus Trust, an energy-focused InvIT since 2022.

EAAA is one of the leading alternatives platforms in India, in terms of assets under management with more than 15 years of experience and managed an AUM of ₹‎681.75 billion as of December 31, 2025. EAAA operates a diversified, multi-strategy platform, in large, under-tapped and fast-growing alternative asset classes, focusing on providing income and yield solutions to clients. EAAA’s total AUM has nearly doubled since Financial Year 2022, from ₹306.37 billion to ₹596.29 billion for Financial Year 2025. As of September 30, 2025, approximately 50% of the AUM was contributed by institutional clients, including pension funds and insurance companies, which are considered long-term and patient capital, while the balance was contributed by UHNIs/HNIs and family offices.  

 

India’s transport sector is entering a pivotal phase of expansion, driven by sustained public investment, rising private participation, and a policy focus on integrated connectivity. Between Financial Year 2025 and Financial Year 2031, of the total investment potential across the transport infrastructure, roads are expected to attract the largest share at ₹ 33-35 trillion, followed by ₹3-3.5 trillion in metro rail, ₹2-3 trillion in logistics infrastructure, ₹1-1.5 trillion in ropeways, and ₹1-1.2 trillion in airports. The Trust, through its Investment Manager, intends to capitalize on opportunities in the transport sector including roads, to acquire road and other transport related projects in India that provide attractive cash flows and yields.

Axis Capital, Ambit Private Limited and ICICI Securities are the book running lead managers, and Kfin Technologies Limited is the registrar of the Issue. The units are proposed to be listed on BSE and NSE.

Citius TransNet Investment Trust is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an offer of its Units and has filed an Offer Document  dated  April 8, 2026 read together with the Notice to Investors dated April 11, 2026 (the “Offer Document”),  with the SEBI and Stock Exchanges. The Offer Document is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., https://www.axiscapital.co.in/, https://www.ambit.co/ and https://www.icicisecurities.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 Trust at https://www.citiustransnet.in/.  Any potential investor should note that investment in units involves a high degree of risk and for details relating to such risks, please see the section “Risk. Factors” beginning on page 64 of the Offer Document. 

The Units have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, (“Securities Act”), or any other applicable state securities laws of the United States and, unless so registered, 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 Securities Act and applicable state securities laws. The Units are being offered and sold outside the United States in “offshore transactions”, as defined in and in reliance on Regulation S, in each case in compliance with the applicable law of the jurisdictions where those offers and sales occur. The Units are transferable only in accordance with the restrictions described under the section “Selling and Transfer Restrictions” on page 459 of the Offer Document. 

Disclaimer Clause of 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 1 of the Offer Document 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 Offer Document has been cleared or approved by BSE Limited 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 1 of the Offer Document 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 1 of the Offer Document for the full text of the disclaimer clause of NSE.

Pawsitive Spending on the Rise: Inside India’s Growing Pet Care Economy

 

 

~Driven by Gen Z and millennials, pet care on Flipkart is witnessing 50%+ Y-o-Y growth, a shift towards wellness, premiumisation and everyday engagement

 

Bengaluru - April 10, 2026: Pets are loved, cared for, and nurtured like family in households today. This deep emotional bond is fuelling the rise of ‘pet parents’ across India. This shift is not just emotional, but also reflected in how people shop, spend, and prioritise their pets’ wellbeing in everyday life. According to an IBEF report on India’s pet care industry, the sector is witnessing nearly 20% growth, driven by rising disposable incomes, urban lifestyles, and a stronger focus on pet wellbeing. On Flipkart, this evolution is visible in a growing, lifestyle-led approach to pet care, with the category witnessing a 50%+ y-o-y growth. From dogs and cats to fish, birds and other pets, consumers are turning to the platform as a go-to destination for daily essentials to premium specialised products.

 

Pet care shopping has moved beyond food and hygiene to include a more thoughtful mix of nutrition, grooming, wellness and enrichment. A new generation of pet parents is driving this change. Gen Z and millennial consumers today account for 80%+ of overall demand on Flipkart, bringing with them a more informed and evolved approach to pet care. Cities such as Bangalore, Delhi and Kolkata are emerging as key demand centres, collectively contributing to 10% of total pet care orders, while non-metro cities like Mysore, Dehradun and Cuttack continue to see steady adoption as pet ownership expands beyond metros.

 

Nutrition is at the heart of this shift. There is a clear move towards clean-label, breed-specific and fortified pet food, which has witnessed 40%+ growth as consumers seek healthier and more tailored options for their pets. Alongside this, preventive care is becoming part of regular routines, with rising demand for products like grooming essentials and calming products such as Trimmers & Pet Health Supplements that support overall well-being. Playtime, too, is being reimagined. Pet toys have seen a 50% y-o-y increase in demand for chew toys, chase toys, training aids, collars and interactive accessories that keep pets active and mentally stimulated. At the same time, pets are increasingly becoming part of celebrations and everyday moments, reflected in the rise of accessories, apparel and occasion-led purchases.

 

Pets today play a deeply emotional role in people’s lives, with their companionship, playfulness and quiet comfort becoming part of their daily routines. This connection is shaping how pet parents make shopping choices, with a stronger focus on comfort, care and overall wellbeing. At Flipkart, this is translating into a growing ecosystem that makes caring for pets simpler, more accessible and deeply personal.

 

ICMAI to Host National Seminar on Cost Audit, Spotlighting Its Role in Building a Viksit Bharat

# Theme “Value, Vishwas and Vision” to Drive Dialogue on Transparency, Growth and Governance

Mumbai, 9 April 2026:

The Institute of Cost Accountants of India (ICMAI) is set to host a National Seminar on Cost Audit on Friday, April 10, 2026, at the Yashwantrao Chavan Centre, Nariman Point, Mumbai. Centered around the theme “Cost Audit for Viksit Bharat: Value, Vishwas and Vision,” the seminar aims to bring together eminent policymakers, industry leaders, and professionals to deliberate on the evolving significance of cost audit in strengthening India’s economic framework and advancing its aspiration of becoming a developed nation.

The seminar will be graced by Shri Jishnu Dev Varma, Hon’ble Governor of Maharashtra, as the Chief Guest. The event will also witness the presence of distinguished Guests of Honour, including Dr. Ramakanta Panda, Managing Director of Asian Heart Institute & Research Centre; Dr. Rahul Mirchandani, Chairman & Managing Director of Aries Agro Limited; and Dr. Vijay Satbir Singh, IAS (Retd.), Former Chief Secretary, Government of Maharashtra. 

Their participation highlights the growing importance of cost audit as a critical pillar of governance, financial prudence, and national development.

An impressive lineup of thought leaders and domain experts will enrich the seminar through insightful deliberations. The speakers include CMA Praveen Nigam, Executive Director (F&A) at SAIL – Bhilai Steel Plant; CMA Ashu Mathur, Former Chief Advisor (Cost), Ministry of Finance, Government of India; Dr. Nitin Kareer, IAS (Retd.), Former Chief Secretary, Government of Maharashtra; Shri Dinesh Kumar Khara, Former Chairman of State Bank of India; CMA Asim Kumar Mukhopadhyay, Managing Director & Founder of NAVTOM Consulting Pvt. Ltd.; and CMA Parvathy Venkatesh, Practicing Cost Accountant. 

These experts will share perspectives on emerging challenges, regulatory developments, and best practices shaping the future of cost audit and cost accounting.

The seminar will underscore the strategic role of cost audit in enhancing transparency, driving operational efficiency, and fostering Vishwas (trust) among stakeholders. It will further emphasize its contribution to value creation and its alignment with the broader national vision of Viksit Bharat. The platform will also facilitate meaningful discussions on emerging trends and the evolving trajectory of the CMA profession in a dynamic economic landscape.

The event is expected to witness participation from over 500 delegates representing the corporate sector, industry associations, government bodies, regulatory authorities, financial institutions, and professional organizations, including practicing CMAs.

This national seminar is poised to serve as a vital platform for knowledge exchange, collaboration, and innovation, reinforcing the pivotal role of cost audit in India’s journey toward sustainable, inclusive, and resilient growth.

WE Hub Hosts India Pilot of Global DEI Training in Collaboration with HERALBONY and JICA

Hyderabad, India | April 08, 2026 : WE Hub, India’s first state-led organisation for women entrepreneurs, recently hosted the India pilot of a global Diversity, Equity and Inclusion (DEI) training programme in collaboration with HERALBONY Co., Ltd. and the Japan International Cooperation Agency (JICA). The three-day programme brought together CEOs, HR leaders, artists, and entrepreneurs for a meaningful dialogue on building more inclusive organisations.

 

Founded by twin brothers Takaya Matsuda and Fumito Matsuda, HERALBONY is a Japan-based creative agency that works with artists with disabilities, connecting their artwork with companies and institutions worldwide. With a collection of over 2,000 artworks by neurodiverse artists, the organisation has developed a sustainable model that ensures fair royalties for artists while reshaping perceptions of disability through art and design.

 

Delivered in India for the first time by Japanese facilitators, the programme served as a pilot initiative aimed at refining the training model for future global expansion. Through interactive simulations, reflective exercises, and group discussions, participants explored how social norms are often shaped—often unconsciously—by the privileges of the majority. The workshop also highlighted how leading organisations globally are embedding inclusion into leadership practices, organisational culture, and innovation strategies.

The sessions sparked thoughtful conversations and deep reflection among participants. Leaders engaged openly with the exercises, noting that the experience challenged familiar assumptions and offered new perspectives on how inclusion can be meaningfully practiced within organisations. Participants came away with a renewed understanding of how inclusive thinking can shape leadership, workplace culture, and innovation.

 

The programme concluded with a dinner hosted by WE Hub, bringing together distinguished guests and partners who supported the initiative. The evening was attended by Sri. B. Ajith Reddy, IDES, Special Secretary to Hon’ble Chief Minister, Govt. of Telangana; Mr. TAKEUCHI Takuro, Chief Representative, Japan International Cooperation Agency (JICA), India; Smt. Divya Devarajan, IAS, CEO, SERP and Commissioner for PR&RD, Government of Telangana; Mr. Nikhil Chakravarthi, IA&AS, Director, Commissionerate of Industries, Government of Telangana; Mr. Gareth Owen, British Deputy High Commissioner; Ms. Laura Williams, Consul General, United States Consulate General, Hyderabad; Dr. Sujiv Nair, Board of Director, WE Hub; Ms. Sita Pallacholla, CEO, WE Hub; and, among others.

About JICA

Established, by a specific law, as an incorporated administrative institution under the Government of Japan, the Japan International Cooperation Agency (JICA) aims to contribute to the promotion of international cooperation, as a sole Japanese governmental agency in charge of ODA implementation. JICA is the world's largest bilateral donor agency. JICA works as a bridge between Japan and emerging countries, and provides assistance in forms of loan, grant and technical cooperation so that the emerging countries can strengthen their capabilities.

 

Japanese Rugby Legend ONO Hitoshi Visits India to Spearhead “Sport for Development” Initiative and Strengthen Bilateral Ties

New Delhi, 07.04.2026: The Japan International Cooperation Agency (JICA), in partnership with the Japan Rugby Football Union (JRFU), has successfully concluded the India visit of Japanese rugby legend Mr. ONO Hitoshi, marking a significant step forward in leveraging sport for development while reinforcing India–Japan bilateral ties.

Mr. ONO, the most-capped player in Japan’s rugby history, led the delegation along with Mr. NISHIKI Makoto, Chairman of the Rugby Development Committee at JRFU. The visit focused on promoting rugby as a tool for youth empowerment, life skills development, and community engagement.

The delegation began its engagements in New Delhi with strategic discussions at the JICA India Office, followed by a courtesy call at the Embassy of Japan, setting the tone for deeper institutional collaboration in sports development.

In Bhubaneswar, Odisha, the delegation undertook extensive field engagements at the Kalinga Institute of Social Sciences (KISS) and the Kalinga Institute of Industrial Technology (KIIT). Interacting with hundreds of students across primary, middle school, and university levels, Mr. ONO conducted multiple coaching sessions aimed at building technical skills and instilling the core values of rugby.

The delegation also reviewed the ongoing contributions of Japan Overseas Cooperation Volunteers (JOCVs), including one long-term and eight short-term volunteers deployed in collaboration with Doshisha University. Their efforts in strengthening athlete capabilities at KISS and KIIT were acknowledged as a key pillar of the initiative.

A high-level meeting with the Indian Rugby Football Union (IRFU) further reinforced the long-standing partnership. Both sides highlighted key milestones achieved since 2016, including the deployment of 37 rugby-focused JOCVs across three Indian states and the co-hosting of an international match featuring India and Sri Lanka. The partners reaffirmed their commitment to scaling up collaboration going forward.

Commenting on the partnership, Mr. ONO Hitoshi said, “Rugby is more than just a game; it is a vehicle for teaching teamwork and the spirit of ‘No Side’—where opponents become friends the moment the whistle blows, I was honored to share these values with the youth in Bhubaneswar and to see firsthand how a sport is contributing to the vibrant growth of Indian communities.” 

Mr. NISHIKI Makoto, JRFU Chairman of Rugby Development Committee, added, “This visit marked a significant chapter in our partnership. By engaging with local organizations and athletes and fostering a sports culture that bridges our two nations, we believe we have contributed to the development of sports diplomacy and mutual understanding between Japan and India.”

Om Power Transmission Limited IPO Opens on April 09, 2026

 

Total Offer Size - Up To 85,75,000 Equity Shares of ₹ 10 each

Fresh Issue - Up To 75,75,000 Equity Shares

Offer For Sale - Up To 10,00,000 Equity Shares

IPO Size: ₹ 15,006.25 Lakhs

Price Band - ₹ 166 - ₹ 175 per Share

Lot Size – 85 Equity Shares  

Mumbai, April 07, 2026 – Om Power Transmission Limited (the “Company”), a power transmission infrastructure engineering, procurement, and construction (“EPC”) company engaged in executing high-voltage (“HV”) and extra-high voltage (“EHV”) transmission lines, substations, underground cabling projects, and providing comprehensive operation and maintenance (“O&M”) services proposes to open its Initial Public Offering on April 09, 2026, with Equity Shares to be listed on the National Stock Exchange of India Limited and BSE Limited (collectively, “Stock Exchanges”). 

The IPO will comprise up to 85,75,000 equity shares with a face value of ₹ 10 each (“Equity Shares”), comprising of a fresh issue aggregating up to 75,75,000 Equity Shares (“Fresh Issue”) and an offer for sale of up to 10,00,000 Equity Shares (“Offer for Sale” and together with the Fresh Issue, the “Offer” or “IPO”). 

The Total Offer Size is up to 85,75,000 Equity Shares with a price band of ₹ 166 - ₹ 175 per Share. 

Equity Share Allocation

Qualified Institutional Buyer – Not more than 42,87,175 Equity Shares

Non-Institutional Investors – Not less than 12,86,475 Equity Shares

Individual Investors – Not less than 30,01,350 Equity Shares

The net proceeds from the Offer will be utilized for funding of capital expenditure requirements of the Company towards purchase of machinery and equipment, pre-payment/ re-payment, in part or full, of certain outstanding borrowings, funding long-term working capital requirement and the general corporate purposes. The anchor bidding is on April 08, 2026. The Offer will open on Thursday, April 09, 2026 and close on Monday, April 13, 2026.

The Book Running Lead Manager to the Offer is Beeline Capital Advisors Private Limited, and the Registrar to the Offer is MUFG Intime India Private Limited (formerly Link Intime India Private Limited).

Mr. Kalpesh Dhanjibhai Patel, Chairman and Executive Director of the Company expressed, “The Company has progressed over the years as an EPC company focused on power transmission infrastructure, with experience in transmission lines, substations, underground cabling and O&M services. The business of the Company has expanded through execution of projects for utilities and infrastructure-led demand, supported by a growing order book and operational capabilities.

The proposed Initial Public Offering represents an important step in the Company's growth journey. The IPO is expected to support the Company’s next phase of growth by strengthening operational capabilities, enhancing execution capacity and supporting participation in larger and more complex projects. This is expected to enable the Company to expand its presence in the power transmission and grid infrastructure space, in line with its growth plans.”

About Om Power Transmission Limited:

The Company has over 14 years of experience as a Gujarat-based power transmission infrastructure EPC company, with demonstrated capabilities in delivering high-voltage (“HV”) and extra-high voltage (“EHV”) transmission lines, substations and underground cabling projects. The Company’s expertise covers the complete EPC value chain including design, engineering, procurement, supply, construction, installation, and commissioning of transmission lines ranging from 11 kV to 400 kV, as well as substation projects ranging from 66 kV to 220 kV.

Since commencement of operations in 2011 in the state of Gujarat, the Company has commissioned transmission lines, substations and underground cables covering in aggregate over 1,000 circuit kilometers (“CKM”) of transmission lines and 11 substations respectively. The Company’s EPC capabilities extend to transmission lines ranging from 11 kilovolts (“kV”) to 400 kV and substations up to 220 kV, with a successful track record of completing the projects within timeline.

The operational growth of the Company has been reflected in its strong financial performance, with the revenue from operations increasing from ₹ 12,023.63 lakhs in Fiscal 2023 to ₹ 27,943.51 lakhs in Fiscal 2025, representing a CAGR of 52.45%. 

The profit for the year of the Company grew from ₹ 623.72 lakhs in Fiscal 2023 to ₹ 2,208.48 lakhs in Fiscal 2025, representing a CAGR of 88.17%. 

During nine-months period ended December 31, 2025, the revenue from operations, profit after taxes and EBITDA of the Company was ₹ 27,454.28 lakhs, ₹ 2,336.80 lakhs and ₹ 3,424.45 lakhs, respectively. 

Disclaimer: 

The Company is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the Red Herring Prospectus (“RHP”) with the Registrar of Companies (“RoC”), the Securities and Exchange Board of India (“SEBI”) and the Stock Exchanges on April 04, 2026 and addendums and corrigendums thereto. The RHP and addendums and corrigendums thereto shall be available on the website of SEBI at www.sebi.gov.in, and is available on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.ompowertransmission.com and the website of the BRLM i.e., Beeline Capital Advisors Private Limited at www.beelinemb.com. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors” beginning on page 22 of the RHP. Potential investors should not rely on the RHP filed with the Roc, SEBI and the Stock Exchanges, and should instead rely on their own examination of our Company and the Offer, including the risks involved, for making any investment decision.

This press release is not for publication or distribution, directly or indirectly, into the United States. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws in the United States and, unless so registered, 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 in the United States. Accordingly, the Equity Shares are being offered and sold outside the United States in "offshore transactions" as defined in and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur. There will be no public offering of the Equity shares in the United States.

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.

Neither the Company nor the Promoters nor the Promoter Selling Shareholders are seeking an investment from you based on this press release. This press release is for information purposes only, and is not a promotional press release and does not constitute an invitation or offer to acquire, purchase or subscribe to the Equity Shares of the Company. 

 

*Nissan Motor India Expands Network in Maharashtra, Opens Three Touchpoints in Mumbai*

• Lakshmi Nissan dealership in Mumbai includes two all-new showrooms in Ghatkopar and Malad, along with a 7,000,sq. ft. state-of-the-art service workshop offering Service and Spare Parts support

• Nissan's Maharashtra network expands across Mumbai, improving accessibility and enhancing the overall customer experience across the region.

• Part of a historic network expansion initiative across India this month, the new touchpoints address growing customer demand in Maharashtra

Mumbai, 6 April 2026: Nissan Motor India Pvt. Ltd. (NMIPL) has strengthened its footprint in Maharashtra with the inauguration of state-of-the-art Lakshmi Nissan showrooms and workshop facilities in Mumbai. This development aligns with Nissan’s ongoing efforts to enhance its reach and deliver seamless sales and service experiences in key markets across India.

The facilities feature two modern sales showrooms spanning 2,000 sq. ft. in Ghatkopar and 2,100 sq. ft. in Malad with a display capacity of 4 cars each, and a fully equipped service workshop spread across 7,000 sq. ft. that can service up to 300 cars per month in Kandivali, offering Service and Spare Parts support. Designed in line with Nissan’s global retail standards, the state-of-the-art outlets are equipped with high-quality amenities and staffed by knowledgeable, well-trained, and passionate sales and service professionals committed to delivering premium ownership experience and exceptional customer value.

Speaking on the occasion, Mr. Saurabh Vatsa, Managing Director, Nissan Motor India, said: "We are pleased to strengthen our presence in Maharashtra with the inauguration of our new showrooms and workshop facilities in Mumbai. The region continues to show strong demand from customers, promising growth potential for the Nissan brand. This expansion is an integral part of our nationwide network expansion, reinforcing our commitment to being closer to our customers and delivering seamless ownership experience. As we accelerate our product-led resurgence with the recently launched Nissan GRAVITE and an exciting pipeline ahead, network expansion remains a key pillar of our strategy."

Mr. K Jai Ram, Dealer Principal at Lakshmi Nissan, said: "We are proud to partner with Nissan Motor India to expand the brand’s presence in Maharashtra with the launch of these new facilities in Mumbai. These dealerships reflect our commitment to providing customers with world-class retail and service experience, backed by Nissan’s strong product portfolio and customer-first approach. We look forward to serving customers in Mumbai and nearby regions with high standards of sales and after-sales support."

The expansion comes at a pivotal time as Nissan builds strong momentum in the Indian market. The continued success of the New Nissan Magnite has laid a solid foundation for growth, while the launch of the all-new Nissan GRAVITE further strengthens the brand’s presence across key segments. 

With this expansion, Nissan is reinforcing its long-term commitment to the Indian market through sustained investments in dealer development and customer-centric initiatives aimed at delivering greater value to Indian customers.

For more information, please visit www.nissan.in

Annexure for Touchpoints Information:

Region Touchpoint Registered Address

Mumbai, Maharashtra Lakshmi Nissan Ghatkopar Lakshmi Nissan, Shop 5, CTS 151 15, The Meridian Business Point, Lal Bahadur Shastri Marg Village Ghatkopar Taluka Kurla, Near R City Mall, Ghatkopar West, Mumbai - 400086, Maharashtra

Mumbai, Maharashtra Lakshmi Nissan Malad Lakshmi Nissan 1S Facility, Shop No 1 & 2 on Ground Floor and Shop No 1 on 1st Floor, One World, SV Road, Near N.L. School, Malad West, Mumbai - 400064, Maharashtra

Mumbai, Maharashtra Lakshmi Nissan Workshop Lakshmi Nissan Workshop, Ground and First Floor, Unit no 61A & 61B, Kandivali Co-operative Industrial Estate Ltd,Charkop Road, Mumbai, Mumbai Suburban, Maharashtra, 400064

About Nissan Motor India Private Limited

Nissan Motor India Private Ltd. (NMIPL), incorporated in 2010, is a wholly owned subsidiary of Nissan Motor Co. Ltd., Japan - a global automotive leader with over 90 years of innovation and engineering excellence. Nissan is known for its iconic vehicles, advanced mobility technologies, and performance-driven DNA, reflected in its global motorsports’ presence and electrification leadership, including the award-winning Nissan LEAF.

Nissan Motor India serves domestic and export markets across 65 international destinations and currently retails the Nissan Magnite, with over 200,000 customers globally and the all-new Nissan Gravite. In 2025, the company achieved 1.2 million cumulative vehicle exports, placing it among India’s leading automobile exporters. With over 280 customer touchpoints, Nissan Motor India continues to strengthen its presence through an expanding network, India-focused products, and a commitment to innovative, reliable, and customer-centric mobility.

Social Media handles of Nissan Motor India 

 

कुटुंबातील दीर्घकालीन वाद मिटवण्यासाठी मध्यस्थीचा पर्याय स्वीकारण्याचे उच्च न्यायालयाचे बाबा कल्याणी आणि भावंडांना आवाहन

बॉम्बे उच्च न्यायालयाने शुक्रवारी कल्याणी कुटुंबातील भावंडांना दोन दशकांपासून सुरू असलेल्या वादाला पूर्णविराम देण्यासाठी मध्यस्थीचा विचार करण्यास सांगितले. बाबा कल्याणी, सुगंधा हिरेमठ आणि गौरीशंकर कल्याणी तसेच त्यांच्या मुलांमध्ये अनेक वर्षांपासून विविध स्तरांवर तीव्र कायदेशीर लढाया सुरू आहेत. या वादात सुमारे ₹1 लाख कोटींपेक्षा अधिक किमतीची पिढीजात संपत्ती दावणीवर लागली आहे. यात मोठ्या प्रमाणावर स्थावर मालमत्ता आणि कल्याणी समूहातील अनेक सूचीबद्ध कंपन्या समाविष्ट आहेत, ज्यांवर प्रामुख्याने बाबा कल्याणी आणि गौरीशंकर कल्याणी यांचे नियंत्रण आहे.

ही सूचना 1994 च्या कौटुंबिक कराराची अंमलबजावणी करण्यासाठी सुगंधा हिरेमठ यांनी दाखल केलेल्या दाव्यातील अंतरिम अर्जाच्या सुनावणीदरम्यान करण्यात आली. या अर्जात त्यांच्या दाव्याच्या ग्राह्यतेवर प्रश्न उपस्थित करण्यात आला आहे. न्यायमूर्ती राजेश पाटील यांनी सुनावणीदरम्यान पक्षांनी या आणि इतर प्रलंबित कौटुंबिक दाव्यांचे निराकरण करण्यासाठी मध्यस्थीचा पर्याय तपासण्याचा प्रस्ताव दिला.

दोन्ही बाजूंच्या वकिलांनी सावध पण सकारात्मक प्रतिसाद दिला. बाबा कल्याणींचे प्रतिनिधित्व करणारे डॉ. वीरेंद्र तुळजापूरकर यांनी न्यायालयाला सांगितले की ते निर्देश घेऊन नंतर उत्तर देतील. सुगंधा हिरेमठ यांच्यासाठी RJD & Partners मार्फत हजर असलेले वकील कुणाल द्वारकादास यांनी सांगितले की पूर्वीचा प्रयत्न अपयशी ठरला असला तरी त्यांची ग्राहक मध्यस्थीस तयार आहे. गौरीशंकर कल्याणी यांचे प्रतिनिधित्व करणाऱ्या AZB & Partners यांनीही निर्देश घेण्याचे सांगितले.

या प्रतिसादांच्या पार्श्वभूमीवर न्यायमूर्ती पाटील यांनी प्रकरण 15 एप्रिल 2026 रोजी सूचीबद्ध केले, ज्यादिवशी कल्याणी बंधूंनी मध्यस्थ नेमण्याबाबतची भूमिका स्पष्ट करायची आहे, जेणेकरून वीस वर्षांहून अधिक काळ चालू असलेले कौटुंबिक वाद मिटवता येतील.

2024 मध्ये, सुगंधा हिरेमठ यांची मुले समीर हिरेमठ आणि पल्लवी स्वाडी यांनी पुणे न्यायालयात पिढीजात संपत्तीतील आपला हिस्सा मागताना मध्यस्थीचा प्रस्ताव दिला होता. जुलै 2024 मध्ये पुणे न्यायालयाने हे प्रकरण जिल्हा विधी सेवा प्राधिकरणाकडे (DLSA) पाठवले. ऑक्टोबर 2024 मध्ये DLSA ने मध्यस्थी अपयशी ठरल्याचा अहवाल दिला.

उच्च न्यायालयातील दावा

सुगंधा हिरेमठ आणि त्यांचे पती जयदेव हिरेमठ यांनी 2023 मध्ये बॉम्बे उच्च न्यायालयात भारत फोर्जचे अध्यक्ष आणि व्यवस्थापकीय संचालक बाबासाहेब नीलकंठ कल्याणी, त्यांचा मुलगा अमित कल्याणी आणि गौरीशंकर कल्याणी यांच्या विरोधात दावा दाखल केला. या वादाचा केंद्रबिंदू म्हणजे हिकल लिमिटेडमधील 34.01 टक्के हिस्सेदारी, जी बाबा कल्याणी यांच्या नियंत्रणाखालील कंपन्यांकडे आहे. कल्याणी इन्व्हेस्टमेंट कंपनी लिमिटेड आणि BF इन्व्हेस्टमेंट लिमिटेड यांनाही या दाव्यात पक्षकार करण्यात आले आहे.

हिरेमठ कुटुंबाकडे हिकलमधील 34.84 टक्के हिस्सेदारी आहे. या दाव्यात त्यांनी बाबा कल्याणी यांच्या नियंत्रणाखालील कंपन्यांकडील 34.01 टक्के हिस्सा स्वतःकडे हस्तांतरित करण्याची मागणी केली आहे. यासाठी ते 19 जून 1994 रोजी मुंबईतील ताज महाल हॉटेलमध्ये झालेल्या कौटुंबिक करारावर अवलंबून आहेत. हा करार डॉ. नीलकंठ कल्याणी, त्यांची पत्नी सुलोचना कल्याणी, बाबा कल्याणी, पद्मभूषण एन. वाघुल (त्या वेळी ICICI चे अध्यक्ष आणि व्यवस्थापकीय संचालक) आणि पद्मभूषण एस. एस. नाडकर्णी (त्या वेळी सेबीचे अध्यक्ष) यांच्या उपस्थितीत करण्यात आला होता.

दाव्यानुसार हा करार ‘बीएनके (बाबा) आणि एनएके (डॉ. नीलकंठ कल्याणी – वडील) व एसएनके (सुलोचना कल्याणी – आई) यांच्यात निर्माण झालेल्या मतभेद/वादांना पूर्णविराम देण्यासाठी’ करण्यात आला होता. या करारात इतर अनेक बाबींप्रमाणेच बाबा कल्याणी यांनी हिकलचे शेअर्स हिरेमठ कुटुंबाकडे हस्तांतरित करणे आवश्यक असल्याचे स्पष्ट नमूद आहे.

मध्यस्थीचा पर्याय

उच्च न्यायालयाने मध्यस्थीचा पर्याय सुचवणे हे जटिल कौटुंबिक आणि व्यावसायिक वादांचे निराकरण पर्यायी विवाद निवारण प्रक्रियेद्वारे करण्याच्या व्यापक न्यायालयीन भूमिकेचे प्रतिबिंब आहे, विशेषतः जेव्हा दीर्घकालीन नातेसंबंध आणि व्यावसायिक संबंध गुंतलेले असतात.

भारतामध्ये अनेक उच्च-प्रोफाइल कौटुंबिक वाद मध्यस्थीच्या माध्यमातून मिटले आहेत. यात अंबानी बंधू, श्रॉफ बंधू (अमरचंद मंगळदास), लोढा बंधू इत्यादींचा समावेश आहे.

OUTLET MALL OF INDIA’ SET TO REDEFINE DISCOUNT SHOPPING IN MAHARASHTRA WITH 150+ GLOBAL BRANDS

Mumbai, 31March 2026: Bhumi World is set to unveil the state’s first dedicated outlet-mall, called Outlet Mall of India, marking a significant milestone in Maharashtra’s retail evolution. The development signals Bhiwandi’s transition from an industrial hub to a fast-emerging retail, leisure and lifestyle destination within the Mumbai Metropolitan Region (MMR).

Designed as a next-generation ‘retailtainment hub’, the mall will bring together 150 national and international brands under a year-round discount format, ‘Always On Discount’ offering premium fashion and lifestyle products at compelling value. The retail mix includes marquee labels such as Armani Exchange, Superdry, Lacoste, Levi’s, ASICS, Calvin Klein, Tommy Hilfiger, Jack & Jones, Vero Moda, and more spanning apparel, footwear, accessories and lifestyle categories.

Beyond shopping, Outlet Mall of India has been conceptualised as an experience-first destination, with entertainment playing a central role in driving footfall and engagement. At its core is a 2,500 seater open-air amphitheatre, designed to host live concerts, stand-up comedy, brand launches, and cultural events throughout the year. Complementing this is a 1-acre curated flea market, offering pop-ups, indie brands and rotating experiences that create a vibrant, community-driven atmosphere and encourage repeat visits.

Speaking on the launch, Prakash Patel, Managing Director, Bhumi World, said: “Outlet Mall of India represents the evolution of Bhiwandi into a vibrant retail and leisure destination especially for the younger generations by providing access to international products. Our vision is to create a premium, organised outlet platform where consumers experience leading brands, immersive spaces, and unmatched value all year round.”

The project also introduces one of the region’s most ambitious food and beverage ecosystems, addressing a significant gap in organised dining in Bhiwandi. A dedicated ‘Food Avenue’ features a curated mix of QSRs, fine dining and six rooftop restaurants, designed to operate as a standalone destination 

beyond retail hours. A key highlight is a 25,000 sq. ft. flagship brewery, among the largest in Maharashtra, alongside a dynamic cluster of over twenty food trucks creating a high-energy, festival-like dining environment that complements the mall’s entertainment offering. In addition, it also features state-of-the-art golfing and go-karting facilities, enabling a comprehensive entertainment experience to customers.

Strategically located within the larger Bhumi World ecosystem, the development benefits from strong connectivity to key infrastructure corridors including the Samruddhi Mahamarg and the upcoming Navi Mumbai International Airport, with a catchment spanning Bhiwandi, Thane, Navi Mumbai and Mumbai. Located in the Pune-Nashik highway, it also ensures strong connectivity across the Mumbai Metropolitan Region (MMR).