*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.

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.

 

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 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).

 

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/.

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 18 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.

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

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 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).

 

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/.

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 18 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.

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.

 

Roadshow for Vibrant Gujarat Global Summit 2027

Roadshow for Vibrant Gujarat Global Summit 2027 to Be Held at The Taj Mahal Palace, Mumbai on 3rd September 2026

Hon’ble Chief Minister Shri Bhupendrabhai Patel to Interact with Consul Generals and Leading Industrialists

Mumbai, 2nd September: Following the successful New Delhi Curtain Raiser of the Vibrant Gujarat Global Summit (VGGS) 2027, a roadshow will be held in Mumbai on 3rd September 2026 at The Taj Mahal Palace, Colaba. Ahead of the VGGS, the roadshow will provide a significant platform to further strengthen Gujarat’s engagement with the global diplomatic and business community. Hon’ble Chief Minister of Gujarat, Shri Bhupendrabhai Patel and Hon'ble Deputy Chief Minister, Shri Harsh Sanghavi, Government of Gujarat will address during the interaction with Consul Generals and industry captains in the evening.

The programme will commence with a welcome address by Mr. R. Mukundan, National President, Confederation of Indian Industry (CII). The Additional Chief Secretary, Industries and Mines Department (IMD), Government of Gujarat, will deliver a presentation on VGGS 2027.

Leading industrialists will also share their experiences about Gujarat, followed by an address of the Chief Secretary, Government of Gujarat.

Before the roadshow, Hon’ble Chief Minister Shri Bhupendrabhai Patel will also hold one-on-one meetings with leading industrialists representing diverse sectors from companies / organizations such as Reliance Industries Ltd., Tata Trusts, Mahindra Group AM/NS India, STT Global Data Centres India, Godrej Industries, ASSA ABLOY, Cipla Ltd., Sun Pharma, Larsen & Toubro, RPG Enterprises, Piramal Group, K Raheja Group, Aditya Birla Group, Nayara Energy Ltd., Chemtrols Industries, Lotte India, Swan Corp, Colt Data Centre Holdings, Batliboi Ltd., Blue Star India, Abbott Nutrition, Arabelle Solutions, Rossari Biotech Ltd. and Grindwell Norton & Saint-Gobain.

The one-to-one meetings will cover key sectors including advanced manufacturing, pharmaceuticals, health & wellness, IT financial services, green energy, oil & energy, biotechnology, real estate, abrasives materials, industrial automation, heavy engineering, and petroleum.

Further, roundtable interaction with young entrepreneurs on the Vibrant Summit and the opportunities in the state, is also planned as part of the event.

The discussions will focus on investment opportunities, expansion plans and strategic partnerships, while showcasing Gujarat’s robust industrial ecosystem, world-class infrastructure, investor-friendly policies and commitment to supporting the next phase of sustainable, technology-led growth.

x-x-x

Pranav Constructions Limited’s Initial Public Offering to open on Monday, September 07, 2026, Price Band set at ₹ 118/- to ₹ 124/- per Equity Share

 

Price band of ₹ 118/- to ₹ 124/- per Equity Share bearing face value of ₹ 10/- each (“Equity Shares”)

Bid/Offer Opening Date – Monday, September 07, 2026 and Bid/Offer Closing Date – Wednesday, September 09, 2026

Minimum Bid Lot is 120 Equity Shares and in multiples of 120 Equity Shares thereafter

 

 

Mumbai, September 02, 2026: Pranav Constructions Limited has fixed the price band of ₹ 118/- to ₹ 124/- per Equity Share of face value ₹ 10/- each for its initial public offer.

 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Monday, September 07, 2026, for subscription and close on Wednesday, September 09, 2026.

 

Investors can bid for a minimum of 120 Equity Shares and in multiples of 120 Equity Shares thereafter.

 

Equity shares outstanding as on date 87,171,170 Equity Shares of ₹ 10/- each.

 

The IPO is a fresh issue of up to ₹ 3,156.00 million and an Offer for sale of up to 2,856,869 Equity Shares of face value ₹ 10/- each by investor selling shareholder - BioUrja India Infra Private Limited.

 

Incorporated in 2003, the Company is a leading real estate company, based on the supply of units and number of completed and under construction MCGM - Redevelopment projects in the Western Suburbs, with a total of 1,864 units and 34 MCGM-Redevelopment projects (completed and under construction) whereas other developers have 4 to 11 MCGM - Redevelopment projects, each launched between CY17 – Q1 CY26 (Source: C&W Report). 

The Company is amongst the top redevelopment companies based out of Mumbai predominantly undertaking redevelopment projects in the Western Suburbs focusing on Economical, Mid and Mass, and Aspirational homes (Source: C&W Report).

The Company ranks 1st in the MCGM Region for having the highest combined supply in MCGM – Redevelopment projects launched between CY21 and Q1 CY26 (Source: C&W Report).

The Company ranks 2nd in the MCGM Region for having the highest supply in MCGM Redevelopment projects launched between CY17 and Q1 CY26 (Source: C&W Report). 

As of March 31, 2026, the Company’s portfolio included 65 Redevelopment projects across the MCGM Region, comprising (i) 28 Completed Redevelopment Projects with a combined Total Developable Area of 1.42 million square feet, (ii) 20 Under-construction Redevelopment Projects with combined Total Developable Area of 1.63 million square feet, and (iii) 17 Upcoming Redevelopment Projects with combined Total Developable Area of 1.96 million square feet. 

Accordingly, the Company specializes in pure-play redevelopment with operations pre-dominantly focused in the Western Suburbs of the MCGM Region.

The Company has a proven track record of timely completion of its Completed Redevelopment Projects, with strong execution capabilities and has become a trusted and reliable brand in the Western Suburbs, resulting in strong brand recall (Source: C&W Report). 

As a core aspect of its business, the Company enters into Redevelopment agreements with Co-operative Housing Societies, which enables it to conduct business in a capital efficient manner. 

The Company has adopted an integrated Redevelopment model, with capabilities and in-house resources to execute Redevelopment Projects from initiation to completion. It has developed in-house competencies for every stage of the Redevelopment process comprising: (i) tendering stage, (ii) pre-construction stage, (iii) construction stage, and (iv) post-construction stage. 

The Company’s revenue from operations was ₹ 7615.96 million during FY26 as compared to ₹ 6362.72 million during FY25. The Company’s net profit was ₹ 713.24 million during FY26 as against ₹ 622.54 million during FY25. The ROCE of Company was 24.34% during FY 26 as compared to 24.83% during FY25

 

Centrum Broking Limited (as successor to the merchant banking business of Centrum Capital Limited), and PNB Investment Services Limited are the Book Running Lead Managers, and KFin Technologies Limited is the Registrar of the Offer. The Equity Shares are proposed to be listed on NSE and BSE.

 

Pranav Constructions 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 August 31, 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 BRLMs,  https://centrumbroking.com/, and https://pnbisl.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.pranavconstructions.com/. 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 18 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 Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 396 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 the page 399 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 399 of the RHP for the full text of the disclaimer clause of NSE.

 

WDS Sets the Stage for Fight Night 18 as Indian Fighters Take on International Talent

Indian and international fighters share their perspectives ahead of the 18th edition of WDS Fight

Mumbai, August 28, 2026:, Warriors Dream Series, India’s leading and fastest-growing MMA promotion, setting the benchmark for scale, consistency and quality in Indian combat sports, is set to bring Indian and international fighters together for Fight Night 18 August 29 at the CIDCO Exhibition & Convention Centre, Mumbai. Ahead of the event, WDS held a press conference where fighters competing on the card shared their perspectives on their preparation, upcoming matchups and the experience of competing on a professional MMA fight card featuring international competition.

The press conference brought together fighters from the Fight Night 18 card, who spoke about the challenges of their respective matchups and their preparations ahead of fight night. The 13-bout professional MMA card features fighters from India and across Asia, including international matchups that will see Indian athletes compete against fighters from the Philippines and Russia. Among the key matchups on the card, Jeko Laishram of India will take on Kimbert Alintozon of the Philippines in the Flyweight division, while Tarun M Hiremath and Gaganpal Singh Dua will compete in the Light Heavyweight division. The international matchups form part of WDS’s continued focus on bringing professional-level MMA competition to India and giving Indian fighters opportunities to compete against athletes from outside the country.

Speaking at the press conference, Sanjivan Padwal, Founder, Warriors Dream Series, said, “With WDS, our aim is to build an Indian MMA property to global standards, with a strong focus on professional fight curation, athlete development, production and the overall fan experience. At the same time, we want to create greater awareness around professional MMA in India and help audiences appreciate the discipline, skill and athleticism that goes into the sport. With every Fight Night, we are working towards creating a consistent platform where Indian fighters can compete against international athletes, while building a stronger MMA audience in the country. The long-term vision is to take Indian MMA to the global stage.”

Sudhanshu Srivastava, Founder & Promoter, Warriors Dream Series, said, “We are excited for Fight Night 18 and to see the energy, madness and enthusiasm that the fighters bring into the cage. The passion and determination of these athletes is what makes every Fight Night special, and we are looking forward to seeing that come alive in Mumbai. Fight Night 18 brings together a strong mix of Indian and international fighters, giving athletes the opportunity to compete in a high-quality and competitive environment. For us, it is important that every edition delivers meaningful matchups while giving fighters a platform to showcase their ability and connect with a growing community of MMA fans.”

The interaction also highlighted WDS’s larger objective of building professional MMA and combat sports in India through a consistent series of Fight Night events. The promotion is focused on creating a platform where fighters can develop their careers, compete against stronger domestic and international opposition and connect with a growing audience for the sport.With every edition, WDS is working towards raising the standards of professional fight curation, athlete development, event production and fan engagement. The promotion also aims to create greater awareness around professional MMA in India and help audiences recognise the discipline, skill and athleticism involved in the sport.

Taking inspiration from the global standards set by leading MMA properties such as the UFC, WDS aspires to build a strong Indian MMA property with its own identity and a consistent professional ecosystem. Its long-term vision is to develop Indian fighters, create more opportunities for international competition and take Indian MMA to the global stage. With 24 editions and more than 1,800 professional and amateur bouts hosted since April 2022, WDS has established Fight Night as its core professional MMA property. Through its continuing series of events, the promotion is building a platform that brings together fighters, fans and partners while contributing to the growth of MMA and combat sports in India. 

About WDS

WDS is among India’s most active and fastest-growing Mixed Martial Arts promotions. Through its flagship properties, Fight Night and Rising Stars, WDS has established a credible platform for both emerging and established athletes to compete and advance their professional careers.

With 24 successful editions and over 1,800 professional and amateur bouts hosted, WDS has played a significant role in strengthening India's combat sports ecosystem and expanding the reach of MMA across the country.

Driven by a commitment to athlete development, world-class event production, and fan engagement, WDS continues to build pathways for Indian fighters while elevating the sport's profile on the national stage.

Bank of India’s CyberShield Hackathon 2026 Concludes at IIT Hyderabad

Highlights:

2936 registrations received from across India; 72 shortlisted teams and individuals presented technology-led solutions to address emerging financial-sector cybersecurity challenges

Hyderabad, 28 August 2026: Bank of India successfully concluded the Grand Finale of CyberShield Hackathon 2026 at the Indian Institute of Technology Hyderabad (IIT-H) on 27th and 28th August 2026. 

The PSB’s Cybersecurity, Fraud & Artificial Intelligence Hackathon 2026 was organised by Bank of India in collaboration with IIT Hyderabad is an initiative of the Department of Financial Services (DFS), Ministry of Finance, Government of India, and the Indian Banks’ Association (IBA). 

The initiative seeks to strengthen collaboration among public sector banks, academic institutions and young innovators to develop technology-led solutions for real-world challenges in banking and financial services.

Bank of India and IIT-H entered a Memorandum of Understanding for the 2026 edition, under which IIT-H provided institutional, technical, logistical and event-related support for conducting the various stages of the hackathon.

The Bank invited solutions for the following two problem statements:

Harnessing Generative AI For Automated Reverse Engineering, Static and Dynamic Analysis, And Risk Scoring of Fraudulent Mobile Applications (APKs) And Malware.

Developing An AI/ML-Enabled Solution to Detect Suspicious Transactions and Mule Accounts by Analysing Financial Transactions, Fraud-Monitoring and Transaction-Monitoring Alerts, and Government Cyber-Fraud Alerts or Tickets, While Helping Prevent The Circulation Of Fraudulent Proceeds Through Mule Accounts.

The hackathon received an encouraging response, with 2,936 registrations from teams and individuals. Following scrutiny and assessment by the evaluation committee of IIT-H, 72 registrations (36 for each problem statement) were shortlisted for the prototype presentation stage. These comprised 68 teams and 4 individual participants, collectively representing 232 participants.

During the first day of the Grand Finale on 27 August, the shortlisted participants presented their prototypes before evaluation panels comprising of Senior Bank executives, IIT-H faculty members. 

Based on the assessments, 18 finalists, nine under each problem statement, advanced to the final round on 28 August. The entries were evaluated on parameters including innovation, technical soundness, explainability, scalability, user experience and prototype evaluation. Six winning entries, comprising the top three solutions under each problem statement, were selected.

Winners of CyberShield Hackathon 2026

Problem Statement 1: Harnessing Generative AI for Automated Reverse Engineering, Static and Dynamic Analysis, and Risk Scoring of Fraudulent Mobile Applications (APKs) and Malware.

First Prize: Team Vijaya -- Arismita Mukherjee, Harsh Mohta, Sarthak Maheshwari, Chandrahas Reddy from International Institute of Information Technology, Bangalore

Second Prize: Team Fi -- Rahul Jaluthria, Danish Verma, Varun Gupta, Avneet Kaur from Chandigarh University, Chandigarh

Third Prize: Team LogicFoundry -- Mrunali Deepak Patil, Prajin Sudarshan Patil, Sujal Jitendra Deshmukh from National Institute Of Technology, Goa

Problem Statement 2

Developing an AI/ML-based solution for detecting suspicious transactions and mule accounts by ingesting financial transactions, fraud-monitoring solution alerts, transaction-monitoring system alerts, and government cyber-fraud alerts/tickets. The solution should also help prevent the circulation of fraudulent proceeds through mule accounts.

First Prize: Team weAreWinners -- Harshit Gautam, Shubhi Jain, Aarushi Chawla, Amartya Singh from Indraprastha Institute of Information Technology, Delhi

Second Prize: Team Vijaya , Arismita Mukherjee, Harsh Mohta, Sarthak Maheshwari, Chandrahas Reddy from International Institute of Information Technology, Bangalore

Third Prize: Team LUNA LUPA, Sanjith K S, K M Pradhyut, Samatma Bharadwaj, Sai Kishan A from PES UNIVERSITY, Bengaluru

The competition offers a total prize pool of ₹20.00 lakhs. For each problem statement, the 1st, 2nd, and 3rd prize winners will be awarded ₹5.00 lakhs, ₹3.00 lakhs, and ₹2.00 lakhs, respectively. In addition, all participants will receive a Certificate of Participation.

The valedictory ceremony was graced by Shri Rajneesh Karnatak, Managing Director & CEO, Bank of India; Dr. Deepak Kumar, Director IDRBT, Prof. B S Murty, Director, IIT Hyderabad, Shri Venkat Rao, Registrar, IIT Hyderabad, Prof. Sobhan Babu, IIT Hyderabad; Shri P. Hari Kishan, Chief General Manager & Chief Risk Officer, Bank of India; Shri Satyendra Singh, CGM & Chief Information Officer, Bank of India; and other senior representatives from Bank of India, IIT Hyderabad, CDAC and IDRBT. Presentation from McKinsey and EY team was given on final day of Hackathon series to all dignitaries.

Shri Rajneesh Karnatak, Managing Director & CEO, Bank of India speaking on the occasion, said, “The growing sophistication of digital fraud requires banks to continuously strengthen their technological capabilities and collaborate with the wider innovation ecosystem. CyberShield Hackathon 2026 has brought together talented young minds to develop practical solutions to pressing cybersecurity challenges. The strong participation received this year reflects the enthusiasm among India’s students and innovators to contribute to building a safer and more resilient digital banking ecosystem.” 

Dr. Deepak Kumar, Director,IDRBT, said, “As India’s digital financial ecosystem expands, strengthening cybersecurity and fraud-prevention capabilities remains a shared priority. Collaboration among public sector banks, academic institutions and young innovators can accelerate the development of practical and scalable solutions to emerging risks. Initiatives such as CyberShield Hackathon provide an important platform for combining institutional experience with technological innovation to build a safer, more resilient and trusted banking ecosystem.”

Prof. B S Murty, Director, IIT Hyderabad said, “Hackathons create a valuable bridge between academic innovation and real-world industry requirements. By enabling students to work on complex challenges such as malicious applications, suspicious transactions and mule accounts, CyberShield Hackathon encourages them to develop solutions that are not only technologically innovative but also practical, scalable and relevant to the banking sector. We are pleased to collaborate with Bank of India in nurturing ideas that can contribute to a more secure digital financial ecosystem.”

The event concluded with the announcement of the winners,

*India Extends Assistance to Flood-Hit Nepal; EAM Jaishankar Chairs Review Meeting*

*Mumba/New Delhi*– Reaffirming its unwavering commitment to its ‘Neighbourhood First’ policy, India has once again lived up to its longstanding role as Nepal’s ‘first responder’ in times of crisis. To help Nepal cope with the devastation caused by floods and landslides, the Government of India acted swiftly on 26 August, sending the first consignment of 10 tonnes of humanitarian assistance and disaster relief (HADR) material, along with life-saving medicines, to Kathmandu. The very next day, on 27 August, India dispatched a second major consignment of 37.5 tonnes of relief material aboard a special Indian Air Force aircraft, providing immediate assistance to its neighbour during this difficult period.

In view of the severity of the disaster, the Ministry of External Affairs activated its diplomatic and administrative machinery in full force. External Affairs Minister Dr. S. Jaishankar held a high-level meeting in New Delhi on August 27. Sharing details of the meeting, Jaishankar wrote on the social media platform 'X', “Held a review meeting with Foreign Secretary, Team MEA and our Ambassadors in Kathmandu & Beijing on the Nepal flood disaster. Urgent efforts are underway to ascertain the status and well-being of all Indians in the flood-affected areas.”

He further wrote, “MEA is coordinating with various Ministries, State Governments, tour operators and project authorities in this regard. We are working closely with the Nepali side, both on this aspect and on the relief efforts.”

The Indian Embassy in Kathmandu said that Indian Ambassador Naveen Srivastava handed over the assistance material sent by India to Minister for Culture, Tourism and Civil Aviation Khadga Raj Paudel. It also said that the second consignment of 37.5 tonnes of HADR material, medicines and food packets was handed over to Minister for Science, Technology and Innovation Mahabir Pun. The Embassy said that all its officials are on alert and emergency numbers have been issued to assist and ensure the safety of Indians living in Nepal.

Ministry of External Affairs spokesperson Randhir Jaiswal said that 21 Indian citizens from Tamil Nadu who had travelled to Nepal for the Kailash Mansarovar Yatra have been rescued. He also said that a special control room has been established at the Ministry of External Affairs to deal with the flood situation in Nepal.

India’s swift assistance is a vivid demonstration of its belief that the well-being and hardships of neighbouring countries are part of a shared destiny. Whether it was the devastating earthquake of 2015, the COVID-19 pandemic in 2019–20, or the current flood disaster, India has always acted without delay to fulfil its responsibility as the ‘big brother’ to its neighbours.