Bharat Forge has opened its Qualified Institutions Placement (QIP) on September 17, 2026, setting a floor price of ₹1,947.70 per equity share. The issuance follows shareholder approval granted via postal ballot on September 11, 2026. The company's Investment Committee – Strategic Business approved the Preliminary Placement Document and authorized the opening of the issue on September 17, 2026. The floor price was determined based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, with September 17, 2026 serving as the relevant date. The QIP is conducted under Chapter VI of the SEBI ICDR Regulations, 2018, and Sections 42 and 62 of the Companies Act, 2013. Bharat Forge may offer a discount of up to 5% on the floor price at its discretion, with the final issue price to be determined in consultation with the Lead Managers.
NLC India Limited and PTC India Limited have successfully incorporated NIRL PTC Renewables Limited on September 16, 2026, marking a significant strategic partnership in the renewable energy sector. The joint venture operates with an equity split of 74:26 in favor of NLC India, with NLC India holding the majority stake through its subsidiary NIRL, while PTC India Limited holds the remaining share. As per the latest disclosure, the Ministry of Corporate Affairs issued the Certificate of Incorporation, establishing the new entity as a wholly owned subsidiary of NLC India Renewables Limited.
Skyways Air Services delivered exceptional Q1 results with profit surging nearly 3-fold to ₹19.7 crore compared to ₹6.8 crore in the previous year. The company's revenue grew 90.4% to ₹1,216.6 crore versus ₹639 crore in the corresponding quarter last year. Meanwhile, Orissa Minerals Development Company showed strong recovery with profit standing at ₹3.45 crore against a loss of ₹2.78 crore in the same period last year, while revenue jumped 47.9% to ₹28.6 crore from ₹19.4 crore.
Bharat Electronics has secured additional orders worth ₹648 crore since August 25, with major orders including laser-based IR jammers, communication equipment, cybersecurity solutions, and thermal imagers. The company has also received an order worth ₹483.72 crore from Rail Vikas Nigam for railway bridge construction. Additionally, PTC India has incorporated a joint venture with NLC India Renewables for green energy projects, with PTC India holding a 26% stake and NLC India Renewables owning 74%.
The government has approved the appointment of Prasanna Kumar Acharya as Chairman and Managing Director of NLC India for five years, effective September 17. Acharya has relinquished his position as Director (Finance) and CFO of the company. Meanwhile, PB Fintech has categorically denied speculation about Yashish Dahiya's resignation, with the company confirming that he continues to serve as Chairman, Executive Director and Group Chief Executive Officer.
Several significant bulk deals were recorded, including Surbhi Singh's sale of 4.1 lakh shares in Entero Healthcare Solutions worth ₹125.3 crore at ₹1,692.98 per share. Authum Investment & Infrastructure acquired 50.29 lakh shares in Karamtara Engineering for ₹176.17 crore at ₹350.25 per share. The market also saw Veegaland Developers listed on the mainboard, while Panchatv Bharat, Om Galaxy, Raksan Transformers, Maharaja & Speedex India, and SME Listing companies are trading ex-dividend today.
