Tag: Business

Mumbai (Maharashtra) [India], September 29: The Company Provides, an end-to-end plastic joining and automation solutions provider, offering specialised solutions mainly in the Automotive industry and industries related to Medical, Electrical, Electronics, Textile, FMCG, Toys, Gift & Stationery, Food & Packaging, Defence & Educational Institutes. Our expertise lies in technical innovation by manufacturing machinery, tools and automated processes for our customers, offering targeted solutions in various industries, proposes to open its IPO on Wednesday, September 30, 2026.

The Company plans to raise ₹ 2,345.00 lakhs through a fresh issue of 35,00,000 equity shares at an issue price of ₹67 per equity share on Fixed Price Method. The equity shares are proposed to be listed on the SME Platform of BSE Limited.

The issue comprises entirely a fresh issue of 35,00,000 equity shares of Face Value of ₹ 10/- Each for Cash at a Price of ₹ 67 Per Equity Share Including a Share Premium of ₹ 57 Per Equity Share Aggregating to ₹ 2,345 lakhs (“The Issue”) of which, 1,76,000 equity shares of Face Value of ₹ 10/- Each for Cash at a Price of ₹ 67 Per Equity Share Including a Share Premium of ₹ 57 Per Equity Share Aggregating to ₹ 117.92 lakhs are reserved for the Market Maker (“The Market Maker Reservation Portion”). The Issue Less the Market Maker Reservation Portion i.e., Net Issue of 33,24,000 Equity Shares of Face Value OF ₹10/- Each at a Price of ₹ 67 Per Equity Share Aggregating TO ₹ 2,227.08 lakhs is Herein after referred to as the “Net Issue”. The Issue and the Net Issue will Constitute 27.05 % and 25.69 % Respectively of the Post Issue paid up Equity Share Capital of Our Company.

Equity Share Allocation:

• Non-Institutional Investors – 16,62,000 Equity Shares
• Individual Investors – 16,62,000 Equity Shares
• Market Maker – 1,76,000 Equity Shares

The net proceeds from the IPO Shall be utilized for Funding Capital Expenditure towards the Purchase of Machineries, Funding working capital requirements of the Company and General Corporate Purpose. The Public issue will open on Wednesday, September 30, 2026 and will close on Monday, October 05, 2026.

The Lead Manager to the Issue is Khandwala Securities Limited and the Registrar to the Issue is Maashitla Securities Private Limited.

Mr. Jignesh Pravinchandra Parekh, Chairman & Managing Director (DIN:05129344) of The Company, said, “The IPO represents an important step in SJP Ultrasonics’ growth journey. Over the years, we have built capabilities across plastic joining solutions, industrial automation and laser technology solutions, serving customers across multiple industries. The proposed deployment of the Net Proceeds towards machinery and working capital is intended to strengthen our in-house manufacturing capabilities and support our business requirements as we continue to expand our solutions portfolio.”

Mr. Alok Desai (Vice President – Merchant Banking) at Khandwala Securities Limited, Lead Manager to the Issue, said, “The Company operates across specialised engineering solution segments with a diversified presence across plastic joining, industrial automation and laser technology. As of March 31, 2026, the Company had an order book of ₹2,118.56 lakhs. In FY26, revenue from operations stood at ₹2,655.77 lakhs, EBITDA at ₹823.81 lakhs and PAT at ₹524.26 lakhs. The fresh issue is proposed to support capacity enhancement, working capital requirements and general corporate purposes.”

About The Company:

The Company was incorporated in the year 2012 and it is Providing an end-to-end plastic joining and automation solutions provides. The Company offers specialised engineering solutions primarily across automotive, medical, electrical, electronics, textile, FMCG, toys, gift & stationery, food & packaging, defence and educational segments. Its business is organised across three principal segments: Plastic Joining Solutions, Industrial Automation and Laser Technology Solutions.

The Company provides solutions across the plastic joining value chain, including ultrasonic plastic welding, vibration welding, hot plate welding, spin welding and heat staking. It also undertakes industrial automation solutions such as robotics, pick-and-place, rotary, conveyor and assembly-line automation, along with laser marking, cutting and welding solutions. Its manufacturing facility is located in Vasai East, Palghar, Maharashtra, and it serves customers on a pan-India basis.

In F.Y.26, the Company reported revenue from operations of ₹2,655.77 lakhs, EBITDA margin of 31.02%, and PAT margin of 19.74%.

 Left to Right: Kunal Ambasta – CIO & Co-Founder, Paritosh Gunjan – CTO & Co-Founder, Anuj Bajpai – CEO & Co-Founder

Bengaluru (Karnataka) [India], September 28: Liquide Solutions, India’s leading AI-led equity research and trading platform, concluded the fifth edition of Traders Conclave on September 18 at the MLR Convention Centre in Whitefield, Bengaluru, bringing together more than 1,500 paid attendees, alongside market experts, financial platforms, technology companies and investors.

The turnout reflects a broader shift underway in India’s stock trading ecosystem: retail traders and stock investors are increasingly looking beyond access to markets toward better research, intelligence and technology to support their investment decisions.

For Liquide, which is building an AI-powered investing and trading platform for Indian retail users, Traders Conclave has evolved into a physical extension of the community it serves digitally—bringing investors, traders, market leaders and technology platforms together around the future of investing.

AI Moves to the Centre of the Trading Experience

AI emerged as a defining theme at Traders Conclave 5.0, reshaping how investors research markets, analyse portfolios and process information at speed. Liquide is at the forefront of this shift with LiMo, its AI-powered research assistant bringing institutional-grade market intelligence within reach of individual investors.

Led by Liquide’s Founder & CEO Anuj Bajpai, the conclave featured a marquee leadership panel with Dale Vaz, Founder & CEO of SAHI; Nikhil Behl, Co-Founder & CEO of INDmoney Broking; and Devam Sardana, Business Head at Lemonn. The leaders discussed the future of Indian wealthtech and how AI is transforming research, execution and access to global markets, while enabling more informed investor decisions.

“Technology can make traders faster, and AI can make them smarter, but communities make the journey better. That is the idea behind Traders Conclave. Markets will always change, and when they do, having a strategy matters more than having a prediction. At Liquide, our role is to support investors through research, technology and education, so that more people can participate in the markets with greater clarity and awareness,” said Anuj Bajpai, Founder & CEO of Liquide.

From Predictions to Disciplined Decision-Making

Across sessions on trading strategies, derivatives, market volatility, asset allocation, risk management, investor behaviour and emerging asset classes, one idea repeatedly surfaced: better investing is less about predicting every market move and more about building disciplined decision-making systems.

Speakers discussed how AI, data and analytical tools can help investors process information faster, understand risk more clearly and apply greater structure to investment decisions—while keeping human judgement at the centre.

This shift from information access to decision intelligence is also shaping Liquide’s product direction as it builds technology spanning research, portfolio analytics, investment insights and investor education.

A Growing Ecosystem Around the Indian Traders

Traders Conclave 5.0 also brought together companies from across India’s fast-evolving investing ecosystem, including SAHI, FYERS and Motilal Oswal, alongside platforms such as Delta Exchange, Mudrex and Coinbase.

Product showcases and partner interactions allowed attendees to experience trading platforms, analytical tools and new technologies directly, connecting conversations on stage with practical applications across investing and trading.

The diversity of participating companies reflected how rapidly the boundaries of wealthtech are expanding—from traditional equities and derivatives to AI-led research, global markets, alternative assets and new investing infrastructure.

1,500+ Paid Attendees: Community as a Distribution Advantage

Unlike passive digital audiences, Traders Conclave is built around high-intent participation. More than 1,500 people bought paid passes to attend the Bengaluru edition, spending a full day learning, exchanging strategies and interacting with market practitioners and technology platforms.

For Liquide, the community represents more than an annual event. It forms part of a broader ecosystem connecting its technology, research, education and investor engagement.

About Liquide

Liquide Solutions is a SEBI-registered Research Analyst (Registration No. INH000009816) building an AI-powered stock research and trading platform for Indian investors. With 6 million+ downloads and $6 Million in assets under advisory, Liquide is building an AI-native wealth platform for India’s growing retail and mass-affluent retail trader base.

At the centre of the platform is LiMo, Liquide’s AI-powered investment research assistant, which works alongside portfolio analytics, expert-led research, curated investment strategies and investor education to help users understand markets and make more informed investment decisions.

Liquide is building toward a future where sophisticated investment intelligence – historically available primarily to professional and institutional investors – becomes accessible to millions of individual investors through AI.

For more information, visit www.liquide.life or contact support@liquide.life.

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IPO proceeds to support expansion of retail network through 12 new showrooms, working capital requirements and general corporate purposes

Kolkata (West Bengal) [India], September 28: Sollfege Smart Electronics Limited (“Company”), a Kolkata based company engaged in the business of smart electronics, announced the opening of its Initial Public Offering (IPO). The Issue will open for subscription on Wednesday, September 30, 2026 and will close on Monday, October 5, 2026. The Equity Shares are proposed to be listed on the BSE SME platform. The Company is offering 39,60,000 Equity Shares with a face value of Rs. 10 each at an Issue Price of Rs. 55 per Equity Share, aggregating up to Rs. 21.78 crore.

Highlights :

• Sollfege Smart Electronics is raising Rs. 21.78 crore through an IPO at an Issue Price of Rs. 55 per Equity Share
• IPO proceeds to be utilised towards launching 12 new showrooms, meeting working capital requirements and general corporate purposes
• IPO will open on September 30 and close on October 5, 2026, with the Equity Shares proposed to be listed on the BSE SME platform

Particulars	Details
Issue Opened	September 30, 2026
Issue Closes	October 5, 2026
Issue Price	Rs. 55 per Equity Share
Issue Size	Rs. 21.78 crore
Issue Size (Shares)	39,60,000 Equity Shares
Face Value	Rs. 10 per Equity Share

The full Issue Price of Rs. 55 per Equity Share is payable at the time of application. The market lot for the Issue is 2,000 Equity Shares, and retail investors are required to apply for a minimum of two lots, amounting to Rs. 2.20 lakh. HNI investors are required to apply for a minimum of three lots, amounting to Rs. 3.30 lakh. Finshore Management Services Ltd. is the Book Running Lead Manager to the Issue, while Kfin Technologies Ltd. is the Registrar to the Issue. 

The Company plans to use the IPO proceeds to accelerate the expansion of its retail network, with Rs. 8.54 crore earmarked for launching 12 new showrooms. The expansion is expected to strengthen the Company’s retail presence and create a wider customer reach. Alongside this, Rs. 9.67 crore will be deployed towards working capital requirements to support the Company’s growing operations. The remaining Rs. 1.80 crore will be utilised towards general corporate expenses, providing the Company with the resources to support its broader business requirements as it moves ahead with its expansion plans.

Commenting on the IPO, Mr. Umesh Kumar Agarwal, Managing Director, Sollfege Smart Electronics Limited, said, “Over the years, Sollfege has built its presence by bringing premium audio, video and smart home automation solutions closer to customers through a curated product portfolio and our Experience Centre led approach. We believe the growing interest in premium home entertainment and connected living is creating new opportunities for specialised players like us. As we enter the next phase of our journey, our focus will remain on strengthening our market presence, enhancing the customer experience and building Sollfege as a trusted name in premium home entertainment and smart living solutions.”

Sollfege Smart Electronics Limited has demonstrated steady improvement in its financial performance, with profitability strengthening over the last three financial years. Total income increased from Rs. 12.74 crore in FY23 to Rs. 19.84 crore in FY24 and further to Rs. 21.28 crore in FY25. EBITDA rose sharply from Rs. 0.66 crore in FY23 to Rs. 1.73 crore in FY24 and Rs. 3.24 crore in FY25, while Profit After Tax increased from Rs. 0.36 crore to Rs. 1.76 crore and further to Rs. 2.13 crore during the same period. Company’s FY25 performance reflects a strong improvement in operating profitability, supported by higher EBITDA and PAT as it continues to scale its business.

As consumers increasingly seek better home entertainment experiences and smarter, more connected living spaces, the demand for premium audio, video and home automation solutions is creating new opportunities for Sollfege. With its experience in the segment, established Experience Centre model and portfolio spanning home theatre, high end audio, projectors and smart automation, the Company is well placed to deepen its presence across markets. As it expands its retail footprint and strengthens its customer reach, Sollfege aims to build on its existing capabilities, capture the growing demand for premium home solutions and establish itself as a trusted name in the evolving smart living and home entertainment space.

About Sollfege Smart Electronics Limited

Sollfege Smart Electronics Limited is a Kolkata based company engaged in the business of premium audio, video and home automation solutions. Established in 2012, the Company started its journey with premium audio and video accessories and has since expanded its portfolio to include home theatre systems, high end audio, projectors, speakers and smart home automation solutions. Sollfege has also developed Experience Centres across select cities, offering customers an opportunity to explore and experience its range of products and solutions. With a focus on premium technology and personalised customer experiences, the Company caters to the evolving needs of consumers seeking enhanced home entertainment and connected living solutions.

Disclaimer: This is a press release for informational purposes only and should not be considered a substitute for professional advice or decision-making. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified advisor before making any decisions.

IPO proceeds to support debt repayment, investment in subsidiary, working capital requirements and business growth

Gurgaon (Haryana) [India], September 28: Eventions Limited (“Company”), a growing player in the MICE and corporate events space, with capabilities spanning event planning, execution, incentive travel and brand activations across India and international destinations, announced the opening of its Initial Public Offering (IPO). The Issue will open for subscription on Wednesday, September 30, 2026 and will close on Monday, October 5, 2026. The Equity Shares are proposed to be listed on the NSE SME platform. The Company is offering 32,30,400 Equity Shares with a face value of Rs. 10 each at a price band of Rs. 112 to Rs. 118 per Equity Share, aggregating up to Rs. 38.12 crore at the upper end of the price band. Media Release – Eventions’ IPO.

Highlights :

• Eventions Limited is raising Rs. 38.12 crore through an IPO at a price band of Rs. 112 to Rs. 118 per Equity Share
• IPO proceeds to be utilised towards repayment and/or prepayment of borrowings, investment in subsidiary, working capital requirements and general corporate purposes
• IPO will open on September 30 and close on October 5, 2026, with the Equity Shares proposed to be listed on the NSE SME platform Media Release – Eventions’ IPO …

Particulars	Details
Issue Opened	September 30, 2026
Issue Closes	October 5, 2026
Issue Price	Rs. 112 to Rs. 118 per Equity Share
Issue Size	Rs. 38.12 crore
Issue Size (Shares)	32,30,400 Equity Shares
Face Value	Rs. 10 per Equity Share

The Issue Price will be determined through the book building process within the price band of Rs. 112 to Rs. 118 per Equity Share. The market lot for the Issue is 1,200 Equity Shares, and retail investors are required to apply for a minimum of two lots, amounting to Rs. 2.83 lakh at the upper end of the price band. HNI investors are required to apply for a minimum of three lots, amounting to Rs. 4.25 lakh. Corporate Professionals Capital Pvt. Ltd. is the Book Running Lead Manager to the Issue, while Mudra RTA Ventures Private Limited is the Registrar to the Issue.

The Company plans to utilise the IPO proceeds to strengthen its financial position and support the next phase of its business growth. Of the proceeds, Rs. 7.00 crore will be used towards the repayment and/or prepayment of certain borrowings, which is expected to help optimise the Company’s debt position. A further Rs. 1.40 crore will be invested in its subsidiary. The Company will deploy Rs. 18.80 crore towards its working capital requirements, providing greater financial flexibility to support its expanding operations and execution of large scale assignments. Together, these investments are aimed at strengthening the Company’s operating platform and creating capacity to pursue its growth opportunities in the MICE and event management space.

Commenting on the IPO, Mr. Ravi Rajak, Managing Director, Eventions Limited, said, “Eventions has built its business by bringing MICE services and event management together under one platform, enabling us to deliver integrated solutions for corporate clients across India and international destinations. As we enter the next phase of our growth, the IPO will strengthen our financial foundation, support our working capital needs and help us further build our capabilities. We remain focused on deepening client relationships, expanding our execution capabilities and creating a scalable platform to capture the growing opportunities in the MICE and corporate events space.”

Eventions Limited has delivered consistent growth in its financial performance, with a strong improvement in both revenue and profitability over the last three financial years. Total income increased from Rs. 87.29 crore in FY24 to Rs. 88.02 crore in FY25 and further to Rs. 100.62 crore in FY26. EBITDA rose from Rs. 4.13 crore in FY24 to Rs. 7.09 crore in FY25 and Rs. 10.19 crore in FY26, while Profit After Tax increased from Rs. 3.29 crore to Rs. 5.13 crore and further to Rs. 7.72 crore during the same period. The Company’s FY26 performance reflects continued business growth, supported by higher operating profitability and a steady improvement in EBITDA and PAT.

As corporates increasingly look for professionally managed conferences, incentive programmes, business events and brand experiences, the MICE and corporate events industry continues to create opportunities for specialised service providers. Eventions is positioned to build on its integrated MICE and event management capabilities, established corporate relationships and experience across domestic and international destinations. With an asset light operating model and end to end execution capabilities covering travel, accommodation, logistics and on site event management, the Company aims to deepen its presence across markets, strengthen its client base and capture emerging opportunities in the evolving MICE and events landscape. Media Release – Eventions’ IPO …

About Eventions Limited

Eventions Limited, incorporated in 2020, is engaged in the MICE and event management business, offering integrated solutions for corporate and institutional clients. The Company provides services across corporate events, conferences, incentive travel programmes, virtual events, Free Independent Travel services and brand and marketing activations. Its capabilities cover the entire event lifecycle, including venue coordination, travel and accommodation arrangements, logistics management and on site execution.

Operating through an asset-light B2B model, Eventions works with hospitality providers, destination management companies, logistics partners and event production vendors to deliver assignments across India and international destinations. The Company has executed events across Europe, the Middle East and Asia Pacific, including Spain, France, the Netherlands, Switzerland, Hungary, the UAE, Azerbaijan, Singapore and Indonesia. Its subsidiary, Gantu Online Private Limited, focuses on B2C travel and customised travel experiences.

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Pan-India housing report released at IREC 2026 highlights MMR’s leadership, Bengaluru’s growth and a shift from price-led to volume-led expansion

New Delhi [India], September 26: The 7th International Real Estate Conference (IREC 2026) was inaugurated today at HITEX, Hyderabad, marking the first time the global real estate platform has come to India. Hyderabad is hosting IREC 2026 from September 25–27, bringing together more than 2,000 delegates from 35+ countries, including developers, institutional investors, realtors, policymakers, technology leaders and global property professionals.

The three-day gathering brings the Global Conference, Luxury Property Expo and Innovation Showcase together on one platform, with the prestigious India Housing Report – September 2026, prepared by NAR and CRE Matrix, also launched at the event. The conference was inaugurated by Mr. Majid Saqer Al Marri, Real Estate Registration & Services, Dubai Land Department, while Mr. Kevin Brown, President, National Association of REALTORS® (NAR), inaugurated the IREC Luxury Property Expo.

Pan-India Housing Report released at IREC 2026

A key highlight of the inaugural day was the launch of the India Housing Report – September 2026, prepared by NAR and CRE Matrix, offering a pan-India assessment of residential housing trends based on H1 2026 data. Below are the highlights of the report findings:

Key highlights from the report:

• ₹3.63 lakh crore — value of primary housing sales across Pan-India Tier-1 cities in H1 2026, broadly flat against the H1 2025 record.
• 2.58 lakh units — primary housing units sold, down around 2% year-on-year, while launches increased around 7% to 2.98 lakh units.
• MMR emerged as India’s largest housing market, accounting for 26% of Pan-India housing value, ahead of NCR at 19%, with approximately ₹93,800 crore in primary housing sales.
• Navi Mumbai + Raigad recorded 29% value growth, the fastest among the markets covered, with volumes rising around 20%.
• Bengaluru recorded 25% value growth, the strongest among the large markets, taking its share of national housing value to approximately 17%.

These issues will form the core of discussions at IREC 2026. The conference is being hosted by the Hyderabad Realtors Association (HRA), with the National Association of REALTORS® – India (NAR-India) as strategic partner. The programme will examine institutional investment, changing buyer behaviour, branded residences, holiday homes, affordable housing, real estate tokenisation, cross-border transactions and the growing influence of PropTech, AI, data and DeepTech.

International participation will bring perspectives from markets including the US, Dubai, Philippines, Georgia, Canada, Japan, Mongolia, China, Korea, Taiwan, Cambodia, Indonesia and Vietnam, among others. The programme includes discussions on taking Indian real estate to global markets and building a global real estate marketplace.

For Hyderabad, the conference comes at a time when the city is itself becoming an important part of India’s evolving real estate story. The discussions will provide an opportunity to examine the city’s development in the context of international investment, urbanisation and technology-led change.

Talking at the inauguration, Mr. Sumanth Reddy, Chairman, NAR-India, said “The real estate industry is changing faster than the traditional transaction cycle. Buyers are becoming more informed, capital is becoming more global and technology is changing how business gets done. IREC gives us a chance to have an honest conversation about these changes and what they mean for the industry in India.”

Mr. Sreedhar Reddy, Past President, Hyderabad Realtors Association, added, “For us, hosting IREC in Hyderabad is not simply about bringing an international event to the city. It is about putting Hyderabad into a larger global conversation. We want the discussions here to be practical, relevant and useful to people working in real estate across markets.”

Mr. Shailender Singh, Chairman, IREC 2026, said, “The questions facing real estate today are very different from a few years ago. People are looking at homes differently, investors are looking across borders and technology is creating new possibilities as well as new questions. IREC is bringing these conversations into one room, with voices from India and international markets.”

The conference will also feature the IREC Luxury Property Expo and Innovation Showcase, alongside the main conference programme, with sessions covering Dubai’s real estate playbook, institutional investment, India’s growth opportunities, affordable housing, real estate tokenisation, branded residences, urban development and the future of PropTech and DeepTech.

IREC INDIA 2026 | AT A GLANCE

• Dates: September 25–27, 2026
• Venue: HITEX, Hyderabad
• Expected participation: 2,000+ delegates
• International participation: 35+ countries
• Host: Hyderabad Realtors Association
• Strategic Partner: National Association of REALTORS® – India
• Key areas: Global capital, institutional investment, changing buyer behaviour, branded residences, affordable housing, cross-border real estate, tokenisation, PropTech, AI and DeepTech

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“Navigating Future Workforces: Innovation, Sustainability, and Talent Strategy”

Bengaluru (Karnataka) [India], September 28: The Rajiv Gandhi Institute of Petroleum Technology (RGIPT) Bengaluru Campus hosted HR Conclave 2026, bringing together leaders from industry, technology, human resources, entrepreneurship and academia to examine how artificial intelligence, automation and changing business models are reshaping the workplace and the capabilities young professionals will need to succeed.

Held on the theme “Navigating Future Workforces: Innovation, Sustainability, and Talent Strategy,” the Conclave provided students with practical perspectives on leadership, employability, entrepreneurship, continuous learning and the growing importance of connecting technical knowledge with human, organisational and technological capabilities.

RGIPT’s Vision: Preparing Leaders, Not Followers

Addressing the Conclave, the Director of RGIPT emphasised that the Institute’s objective should go beyond preparing students for employment. Every RGIPT student, he said, should aspire to become a leader of tomorrow.

He stressed that leadership begins with personal quality, discipline, integrity and a willingness to continuously learn. Students should develop the habit of recognising good qualities in others and learning from them while also building the confidence to think independently. The aim, he emphasised, should not be to produce followers, but young people who can take responsibility, lead teams, create solutions and contribute positively to society and industry.

The Director also highlighted the need for RGIPT to broaden its academic and industry connect. While the Institute has built a strong identity in petroleum and chemical engineering, the changing technology landscape calls for deeper engagement with electrical and electronics engineering, computer science, digital technologies and leading multinational companies. Such connections, he noted, can expand students’ exposure to emerging technologies, interdisciplinary work and new career opportunities.

From Automation to AI: Redefining Human Capability

Chief Guest Mr. Kenneth Lean, CEO & ED, Cognitive Prism, traced the evolution from machines and industrial automation to artificial intelligence. He noted that automation has changed the nature of work rather than simply eliminating the need for people. As machines increasingly perform repetitive tasks, human roles have progressively moved towards designing, programming, improving and managing such systems.

He posed an important question for education: as machines become capable of performing more tasks traditionally taught to people, what should education prepare students for? His message was that future-ready education must go beyond learning how to use AI tools. Students need to identify meaningful problems, ask the right questions, think critically, design solutions, exercise judgement and work effectively with intelligent technologies.

With information now readily available through digital platforms and AI systems, knowing information alone is becoming less important than knowing how to evaluate and use it. Mr. Lean emphasised curiosity and questioning—asking “Why?”, “Why not?” and “Could I be wrong?”—as important habits for deeper thinking.

Adaptability and Continuous Learning

Dr. Ramesh Singh, Senior Principal Manager, TATA Elxsi, emphasised adaptability, innovation and continuous learning. He observed that individuals and organisations can become comfortable with familiar ways of working even as external conditions change. For students and professionals, remaining relevant therefore requires understanding where their chosen field is heading and continuously aligning their skills with emerging requirements.

Dr. Singh also highlighted the growing integration of technology and management. Future professionals will need to understand not only technology, but also people, organisations and the environment in which technology is applied.

Building a Stronger Education–Industry Connect

A central message emerging from the Conclave was the need for continuous interaction between educational institutions and industry. As industry requirements change, academic programmes, curricula and learning approaches must evolve accordingly. Engagement with industry can help students understand emerging technologies, workplace expectations and the skills required for new roles.

For RGIPT, this industry connect is particularly relevant as the Institute expands beyond its established strengths in petroleum and chemical engineering towards a wider technology ecosystem. Stronger engagement with electrical and electronics, computer science, digital technology and multinational companies can help create opportunities for interdisciplinary learning, industry exposure, internships, projects and future employment.

Entrepreneurship and the Future of Work

The panel discussions brought these themes into a practical context through the speakers’ entrepreneurial and professional experiences. Students engaged with questions related to entrepreneurship, funding, business potential, skills, temperament and self-discovery.

Panelists encouraged students to identify genuine problems, recognise their strengths, take calculated risks and develop resilience. The discussions on AI considered how software development and other roles may change, which tasks may be automated or transformed, and how new careers and business opportunities may emerge.

Students were encouraged to look beyond conventional career paths and develop a problem-solving and entrepreneurial mindset by combining domain expertise, creativity, technology and continuous learning.

Preparing RGIPT Students for Tomorrow

The HR Conclave highlighted that the future of work is not simply about machines replacing people. It is about the changing relationship between people, technology, organisations and society—and about preparing individuals to make meaningful contributions in that environment.

The discussions reinforced the importance of curiosity, judgement, communication, collaboration, adaptability, resilience, self-awareness and continuous learning. For RGIPT, these capabilities complement its technical foundation and support the Institute’s broader objective of preparing students to take leadership roles in an increasingly interconnected technology and industry landscape.

The Conclave concluded with a message of confidence and action for the young generation:

“I can do. I will do.”

Guests and Speakers

Chief Guest: Mr. Kenneth Lean, CEO & ED, Cognitive Prism

Guest of Honour: Dr. Ramesh Singh, Senior Principal Manager, TATA Elxsi

CDC Chairperson: Prof. Jaya Srivastava, RGIPT Bengaluru Campus

Panel 1: Mr. Sushil Kumar, Chief Manager (HR), HRRL; Mr. Deepak G, Lead Industrial Engineer & Operations Manager, Tata Semiconductor; Ms. Prachi Bansal, HR Manager, American India Foundation

Panel 2: Mr. Pulakesh Sen, Founder & CEO, Unikul Solutions; Mr. Naveen Roy, Co-Founder & CEO, Canvas Workspace; Mr. Navnit, Founder & CEO, NAAVI; Mr. Adarsh H M, Co-Founder, Elcarreira Technologies; Mr. Vinay Annappa, Founder & CEO, Energy As Solution & Director, Magnus Copo

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300 TPH Steam Capacity | Indicative 30 MW Power Generation | 25-Year O&M | Asset-Light Growth Model.

Surat (Gujarat) [India], September 28: Steamhouse India Limited (“Steamhouse” or the “Company”) has been awarded the mandate for Engineering, Procurement and Construction (EPC), commissioning and comprehensive Operation & Maintenance (O&M) for 25 years of the Common Steam Plant and Co-generation Power Plant at the Bulk Drug Park, Una, Himachal Pradesh.

The allotment of the tender provides us with an opportunity to scale our community boiler model on a larger platform, while requiring limited working capital deployment. The entire project cost will be funded by Himachal Pradesh Bulk Drug Park Infrastructure Limited. This project will mark a significant milestone in Steamhouse’s journey, transforming the company from a Gujarat-focused player into a multi-state, pan-India community boiler solutions provider. In addition to enabling the expansion of our community boiler model, the tender also provides us with an exclusive long-term Operations & Maintenance (O&M) business opportunity, supporting sustainable and recurring revenue growth. Given the asset-light nature of the model and limited capital deployment required from Steamhouse, the project is expected to generate strong ROCE.

The project comprises a 300 TPH Steam Plant with indicative power generation capacity of 30 MW, along with the associated steam distribution network. The EPC execution period is 24 months, followed by the long-term O&M period.

The EPC contract value is ₹311 crore, inclusive of GST, providing Steamhouse with an immediate EPC execution opportunity alongside a long-term O&M business.

Key Strategic Highlights

Asset-Light Business Model: The project strengthens Steamhouse’s asset-light growth strategy. The Company will undertake the engineering, procurement, construction, commissioning and O&M of the project under the contractual framework prescribed by the Authority, enabling expansion of its operating platform without the same balance-sheet intensity associated with independently developing comparable utility assets.

Long-Term Cost and Markup-Based Framework: The project provides a structured commercial framework considering actual operating costs, permissible markup and recoupment of Opex Gap Funding (OGF). The charges and revenue-sharing mechanism are linked to a standardized Internal Rate of Return (IRR) applicable to the pharmaceutical/API sector, as may be approved by the Competent Authority.

25-Year O&M Opportunity: The mandate provides for comprehensive O&M for 25 years, creating a long-duration operating opportunity for Steamhouse following completion of the EPC phase. The project is envisaged to be executed within 24 months from the commencement of the project, subject to the terms and conditions of the definitive agreement, requisite approvals, site readiness and other applicable project conditions.

Indicative 30 MW Power Generation: The project includes an indicative 30 MW co-generation facility. As per the RFP, power generated through the turbines is to be procured by the State Implementing Agency, with the Agency retaining rights over the generated power and its further distribution/sale.

OGF Recovery Mechanism: The project provides for an initial subsidised period followed by a 20-year revenue-sharing period from April 2032 to March 2052. The commercial mechanism during the revenue-sharing period considers actual operating costs, permissible markup and recoupment of OGF borne during the subsidised period.

Sustainable Fuel Opportunity: The project provides an opportunity to evaluate biomass and suitable waste-derived fuel sources, including agricultural and other permitted waste-derived fuels, subject to technical feasibility, applicable environmental regulations and approvals.

Expanding Steamhouse’s Generation Platform

The Una project is strategically significant in the context of Steamhouse’s expanding capacity.

The Company currently has approximately 345 TPH of steam generation and distribution capacity under its own generation and distribution model.

With 300 TPH being added through the Una project, along with approximately 360 TPH of additional capacity under construction, Steamhouse is building a significantly larger generation and distribution platform.

This represents a potential capacity platform of approximately 1,005 TPH, comprising existing capacity, the Una project and under-construction capacity, subject to project completion and commissioning.

The expansion reinforces Steamhouse’s strategy of developing large-scale centralized steam generation and distribution infrastructure for industrial clusters across India.

Management Commentary

Commenting on the development, Mr Vishal S. Budhia, Chairman & Managing Director, Steamhouse India Limited, said:

“The Una Steam Project marks an important milestone in Steamhouse’s growth journey. The combination of a 300 TPH Steam Plant, indicative 30 MW power generation, a ₹311 crore EPC opportunity and a 25-year O&M mandate creates a long-term platform for the Company.

The asset-light structure and structured commercial framework provide visibility into the long-term economics of the project, while the opportunity to evaluate sustainable fuels and additional common utilities further expands the potential of the platform.

With 345 TPH of existing capacity, 300 TPH being added through Una and another 360 TPH under construction, Steamhouse is significantly expanding its overall generation and distribution footprint.”

About Steamhouse India Limited

Steamhouse India Limited is engaged in the development and operation of centralized steam generation and distribution infrastructure for industrial customers.

The Company currently has approximately 345 TPH of steam generation and distribution capacity under its own generation and distribution model and is expanding its portfolio through additional projects under construction and development.

With the Una project adding 300 TPH and approximately 360 TPH of additional capacity under construction, Steamhouse is focused on building a scalable and diversified steam generation and distribution platform serving industrial clusters across India.

Certain statements relating to future projects, capacity additions, additional utilities, alternative fuels and future business opportunities are forward-looking in nature and are subject to technical feasibility, regulatory approvals, contractual arrangements, customer demand, commercial considerations and other risks and uncertainties.

New Delhi [India], September 28: The path to a pollution-free India requires turning one of the country’s largest challenges-industrial carbon emissions-into a catalyst for sustainable growth. Pi Green Innovations is taking up that mantle of redefining emission management today by intercepting carbon dioxide at its origin and building the groundwork for a zero-emission industrial landscape.

For the first time in India, Pune-based clean-tech firm Pi Green Innovations Pvt. Ltd., in partnership with GMR Energy and anchored by GMR Innovex, has commissioned its Net Zero Machine (NZM) Pilot Project at GMR Warora Energy Limited’s (GWEL) plant in Warora, Maharashtra. Featuring an installed capacity of 2 to 10 tonnes per day (TPD), the unit marks India’s first operational carbon capture solution built on mineral carbonation-a process that permanently locks CO₂ into solid form using industrial waste.

While conventional carbon capture stores CO₂ as a gas or liquid, NZM captures it directly from Scope-1 industrial sources and mineralises it using waste streams like fly ash, turning emissions into a non-hazardous slurry with resale value and use in sustainable construction. This approach provides industrial users with two distinct revenue streams from a single installation: resaleable solid waste materials and carbon credits for the voluntary market. To ensure complete environmental compliance, the facility also incorporates closed-loop water recycling and Zero Liquid Discharge (ZLD) processes.

“This deployment at GMR Warora Energy Limited demonstrates that industrial decarbonisation is possible today in live, operational facilities,” said Irfan Pathan, Co-founder & CEO of Pi Green Innovations. “By capturing CO₂ at the source and converting it into stable, useful industrial materials with commercial resale value, we are paving a scalable path toward a cleaner, pollution-free India where industry and sustainability coexist.”

The technology is wholly indigenous-developed and patented in India, with patent grants pending across more than 30 countries to tap global market opportunities beyond India’s compliance market. Designed for modular scalability up to 1,000 TPD, NZM targets hard-to-abate sectors such as steel, cement, and chlor-alkali falling under India’s Carbon Credit Trading Scheme (CCTS). Government data shows CCTS covered 490 obligated entities as of its January 2026 notification, with a June 2026 draft notification bringing 255 iron and steel units under the scheme to push the total count past 700 entities. Pi Green has already submitted NZM’s mineral carbonation methodology to the Bureau of Energy Efficiency (BEE) for registration under the CCTS.

This pilot serves as a foundational step toward scaling mineral carbonation systems across heavy industry, ultimately making commercial-scale industrial carbon capture a reality across the nation.

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Left To Right: Mr. Anuj Killa; Choice Capital Advisors Pvt. Ltd.; Dr. Nambiar Raghavan Madhusoodan, SRIT India Limited.

Mumbai (Maharashtra) [India], September 28: SRIT India Limited, a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company, proposes to open its Initial Public Offering on Monday, September 28, 2026 aiming to raise ₹218.4 Crore (At Upper Price Band), with shares to be listed on the NSE & BSE platform.

• Total Issue Size – Up to 16,800,000 Equity Shares of ₹5 each
• IPO Size – ₹218.4 Crore (At Upper Price Band)
• Price Band – ₹123 – ₹130 Per Equity Share
• Lot Size – 115 Equity Shares SRIT India Ltd Opening Press Re…

The issue size is 16,800,000 equity shares at a face value of ₹5 each with a price band of ₹123 – ₹130 Per Equity Share.

Equity Share Allocation

• Net QIB – Not more than 50% of the Issue
• NII – Not less than 15% Of the Issue
• Individual Investors – Not less than 35% of the Issue

The net proceeds from the IPO will be utilized for Funding of capital expenditure requirements towards modernization of existing products and redevelopment, Funding working capital requirements, Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes. The anchor bidding is on Friday, September 25, 2026 and the issue will open on Monday, September 28, 2026 and will close on Wednesday, September 30, 2026.

The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited, The Registrar to the Issue is KFin Technologies Limited.

Dr. Nambiar Raghavan Madhusoodan, Managing Director & Chief Executive Officer of SRIT India Limited expressed, “The IPO marks an important milestone in SRIT’s journey of more than two and a half decades. We have built our capabilities around designing, implementing and operating mission-critical digital platforms across e-governance, telecommunications and broadband, and healthcare. The proposed deployment of the Net Proceeds towards product modernization, working capital and strategic growth initiatives is intended to support the next phase of our business as we continue strengthening our technology capabilities and expanding our solution portfolio.”

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “SRIT India Limited has developed a track record of executing large-scale digital transformation projects for Government entities and Enterprises. As of June 30, 2026, the Company had an outstanding Order Book of ₹12,047.17 million. In Fiscal 2026, revenue from operations stood at ₹4,499.99 million, with Operating EBITDA of ₹647.74 million and PAT of ₹432.89 million. The fresh issue is proposed to support product modernization, working capital requirements and strategic growth initiatives.”

About SRIT India Limited

SRIT India Limited is a Bengaluru-headquartered IT/ITeS solutions company offering digital solutions and automation of systems through custom application development and integration services. The Company designs, implements and operates digital platforms for Government entities and Enterprises in India and select overseas markets. It is strengthening its AI capabilities through AI-enabled solutions across its core verticals and has implemented large-scale, mission-critical projects.

Operations are organised across three verticals electronic governance, telecommunications and broadband, and healthcare delivered through a full-service stack spanning architecture and design, build and integration, data migration, deployment and continuous operations and maintenance. Delivery processes are appraised at CMMI V3.0 (DEV) Maturity Level 5 (Optimizing) and Systems Security Engineering Capability Maturity Model, and carry nine ISO certifications spanning information security, IT service management, quality, environmental and occupational health and safety.

During FY26, the Company achieved a Revenue of ₹ 4,499.99 million, EBITDA Margin of 14.39% & PAT Margin of 9.62%.

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.

New Delhi [India], September 28: Papadmalji Agro Foods Limited is poised for its initial public offering (IPO), with plans to raise INR 20.18 crores through the issue is a combination of a fresh issue of 25.73 lakh shares aggregating to Rs 18.52 crores and an offer for sale of 2.30 lakh shares aggregating to Rs 1.66 crores.

For its SME Initial Public Offering (IPO), Papadmalji Agro Foods Limited has established a price band of Rs 69 to Rs 72 per share. The company’s shares will open for subscription on September 29, 2026 and closes on October 1, 2026. These will be listed on the NSE SME, with an estimated listing date of October 7, 2026.

Kreo Capital Pvt. Ltd. is the book-running lead manager, and MAS Services Ltd. is the registrar of the issue.

The issue proceeds will be utilized in funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of plant and machinery and installation of 250 kW Rooftop Solar Power System for setting up a new manufacturing facility at Bachhasar, Bikaner, Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and general corporate purposes.

On Monday, October 5, 2026, the shares for the Papadmalji Agro Foods Limited IPO are anticipated to be allotted, and on Tuesday, October 6, 2026, the shares will be credited to the demat account of the allottees. Papadmalji Agro Foods IPO comprises a total issue size of 28,03,200 shares. The net offer of not more than 32,000 shares are allocated to QIB, not less than 7,87,000 sharesare allocated to NII and not less than 18,40,000 allocated to individual investors.

Individual investors need to contribute a minimum of Rs 2,30,400 at the upper price band, considering the minimum two-lot size for an application is 3200 shares. For HNIs, the minimum bidding size is three lots, or 4800 shares, for a total investment of Rs 3,45,600 at the upper price band.

Papadmalji Agro Foods Ltd.’s revenue stood at Rs 33.53 crore and profit after tax (PAT) reported was Rs 5.21 crore for the financial year ending March 31, 2026.

Incorporated in 2017, Papadmalji Agro Foods Ltd is engaged in the processing and manufacturing of Hand-Made Papads, Machine-Made Papads, Machine-Made ready to Fry Papads, Rice Papads (Khichiya), Vrat Special Papads, and Moongodi.

The company offers services including food processing, grading, packaging, storage, and supply of agricultural and processed food products, catering to wholesalers, retailers, and institutional buyers across regional markets.

About Papadmalji Agro Foods Limited

Papadmalji Agro Foods Limited is a Bikaner, Rajasthan-based food company engaged in the in-house manufacturing of handmade papads, machine-made papads, machine-made ready-to-fry papads, rice papads (Khichiya), vrat special papads and moongodi. The Company also undertakes white-label manufacturing of handmade papads for clients, wherein products are manufactured by the Company and marketed under clients’ respective brand names and packaging.

The Company traces its origins to 2012, when Jai Agarwal founded Vishal Nankeen Bhandar in Bikaner to manufacture and sell handmade papads using traditional methods. The Papadmalji brand was registered as a device mark in 2017 and Papadmalji Agro Foods Private Limited was incorporated in December 2017. The Company converted into a public limited company in January 2025.

Papadmalji Agro Foods operates five brands — Vishal, Rozana, Papadmalji, Diamond and Zhakaas — spanning handmade and machine-made papads, rice papads, vrat special products, moongodi and ready-to-fry products. The Company combines traditional hand-rolling practices with semi-automated and automated manufacturing processes and has a network of women artisans engaged in hand-rolling papads.

The Company’s products are distributed through general trade, modern trade, quick-commerce and direct-to-consumer channels, with availability in select Middle Eastern markets through an independent merchant exporter.

Disclaimer: This is a press release for informational purposes only and should not be considered a substitute for professional advice or decision-making. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified advisor before making any decisions.