Tuesday, February 17, 2026

ASME Engineering Education Seminar On Drone Technology Highlights Industry-Ready Engineering Skills At REVA University


The ASME Engineering Education Seminar & Workshop on Drone Technology was held at REVA University as part of the Mechanical Engineering Education Summit (MEEd), focusing on bridging the gap between classroom learning and industry-led drone applications. Hosted in Bengaluru, a growing hub for aerospace, manufacturing, and deep-tech innovation, the seminar examined how engineering education must evolve to align with real-world deployment, regulatory requirements, and business-driven use cases in the drone ecosystem.

Organised by ASME Foundation India, the seminar emphasized drone technology as an integrated, multidisciplinary system rather than a standalone technical skill. While access to basic drone assembly has become increasingly widespread, the seminar highlighted the growing demand for professionals who can combine mechanical design, electrical systems, digital intelligence, and business understanding to develop scalable, application-ready drone solutions. Through expert interactions and practical sessions, the programme highlighted the need for engineers to develop a broad, hands-on understanding of technology to build careers in drone manufacturing, testing, operations, and field deployment across sectors such as defence, agriculture, logistics, and infrastructure.

Speaking at the seminar, Mr. Madhukar Sharma, president and director of ASME India Private Limited, described the necessity of platforms such as MEEd and IMECE in keeping engineering education up to date with the realities of current engineering practice. “ASME is a not-for-profit, member-driven global engineering society committed to advancing industry-relevant learning and responsible innovation,” Sharma said. “Initiatives such as MEEd and global platforms including IMECE bring together academia, industry, and emerging technologies to shape future-ready engineers. India hosting IMECE outside the U.S. for the first time last year reflects the country’s growing contribution to the global engineering ecosystem. We look forward to the next edition of ASME IMECE India scheduled in Chennai this September.”

Setting the context of the Foundation’s work in relation to the seminar, Ms. Avni Malhotra, deputy director of ASME Foundation India, highlighted the importance of application-led engineering education. “At the ASME Foundation India, we focus on ensuring that engineering education translates into real-world impact—especially in contexts where access and opportunity are limited,” said Malhotra. “Through initiatives like MEEd, we work to connect students and educators with industry realities, social challenges, and innovation pathways, so that technology is developed not in isolation, but with purpose and relevance.”

Emphasising the role of industry exposure in preparing students for a rapidly changing job market, Dr. KS Narayana Swamy, pro vice chancellor, REVA University, noted that seminars and workshops such as the ASME MEEd programme help students remain relevant amid technological disruption. “Engineering careers today demand far more than academic credentials,” Swamy said. “Students must build problem-solving ability, communication skills, and adaptability, while engaging closely with industry to understand evolving expectations and future career pathways.”

The seminar brought together professionals working closely with India’s growing drone and aerospace landscape. Industry leaders such as Mr. Abhishek Burman, co-founder and CEO, General Aeronautics Pvt Ltd; Mr. Zain Saeed, co-founder and COO, Enord; Dr. Ananda CM, program director for Civil Aircrafts and head of the Aerospace Electronics Division, NAL; and Dr. Subrata Nayak, R&D technical lead, ideaForge Technology Inc., shared insights drawn from real industry experience. During the sessions, speakers broke down how drones move from concept to real-world use, covering design decisions, manufacturing processes, certification requirements, deployment challenges, and the regulatory landscape. The discussions also highlighted the blend of technical expertise and cross-functional skills needed to build sustainable careers in UAV-related fields.

Academic insights were shared by Dr. M. Sivapragasam, professor, M. S. Ramaiah University of Applied Sciences, and Dr. Manjunath S V, associate professor and head of the Department of Aeronautical Engineering at Mangalore Institute of Technology and Engineering. They spoke about the need to better align academic curricula with industry expectations and to strengthen hands-on, experiential learning within engineering programmes.

The seminar also featured a hands-on workshop on Drone Technology in Mechanical Engineering Using ANSYS Simulation, conducted by Mr. Gokul Raj M, technical account manager at Infinipoint Technologies Pvt Ltd, and powered by ANSYS, part of Synopsys. The workshop gave participants a practical look at how simulation tools and AI-enabled UAV workflows are used in real engineering environments, from design validation to testing and operational planning. Two other workshops were also organised: Enabling Next-Generation Autonomous System Workflows: From Design to Deployment by MathWorks, led by Ms. Richa Singh, application engineer, MathWorks; and Physics-Informed Machine Learning for Drones/UAV by ASME Cyber Physical Systems India, conducted by Mr. Anand Nagarajan of Airbus and Mr. Unnat Mankad of Baker Hughes.

Beyond the technical sessions, the seminar created space for open conversations between faculty members, students, and industry professionals on curriculum relevance, evolving skill expectations, and on-the-ground industry realities. Participants also used the platform to network with practitioners and technology experts, underlining the value of industry-connected learning pathways in drone technology and related engineering fields.

Over the past two years, the MEEd Summits in India have played a key role in bridging the gap between industry and academia, with support from the MEEd India Steering Committee,comprising industry leaders, vice chancellors, and leading researchers. The seminar was supported by technology and industry partners, including ANSYS (part of Synopsys), Infinipoint Technologies, and MathWorks, strengthening the programme’s focus on applied learning, AI-driven engineering workflows, and career-oriented skill development.

About ASME Foundation India

ASME Foundation India is the philanthropic arm of the American Society of Mechanical Engineers (ASME) in India. It works to create access to quality engineering education, empower underserved and underrepresented students with STEM education, and enable engineering-led solutions for societal good. Through scholarships, student programs, experiential learning initiatives, and partnerships with academic and industry institutions, ASME Foundation India is committed to building a brighter, more equitable future where engineering excellence drives meaningful societal progress. For more information, visit www.asmefoundationindia.org.

About REVA University:

Established in 2012, REVA University is a forerunner in delivering technology-based education. Recognised as one of the Top 50 private universities in India, REVA University, with innovative pedagogy, exemplary infrastructure, and an industry-resilient curriculum that is designed for the future job market, strives to benchmark new milestones in modern education. In less than two decades, the University has grown from a small community of 150 students to a vast institution that is educating and empowering 15,000+ students on campus.

IHCL Announces The Signing Of A SeleQtions In Devanahalli, Bengaluru


The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, today announced the signing of a SeleQtions hotel in Devanahalli, Bengaluru, a conversion of a standalone resort with expansion of inventory to 120 keys.

Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “Bengaluru is among the fastest-growing cities in the country, powered by its thriving IT and entrepreneurial ecosystem. North Bengaluru, particularly Devanahalli, is witnessing rapid development driven by the expansion of the airport and the presence of sectors such as aerospace, biotechnology, defence and education. The signing of this hotel, the first SeleQtions in Bengaluru, will cater to this growth and expand our brandscape in this key lodging market. We are delighted to partner with BABA Developers Private Limited for this project.”

The 115-key SeleQtions Prakruthi Resort, Devanahalli, Bengaluru, will feature an eclectic culinary offering, including an all-day diner, a specialty restaurant, a bar and a lounge. Guests can enjoy wellness and recreational facilities such as a spa, gym and swimming pool. The hotel will also offer expansive banqueting facilities spanning over 6,000 sq. ft., supported by versatile meeting rooms, making it an ideal venue for social and corporate events.

Mr. Parvataneni Sasibhushan, Managing Director, BABA Developers Private Limited, said, “We are delighted to partner with IHCL to bring the SeleQtions brand to Bengaluru and create a distinctive hospitality experience in Devanahalli.”

With the addition of this hotel, IHCL will have 20 hotels in Bengaluru, including 11 under development.

About the Owning Company

BABA Developers Private Limited is a Bengaluru-based hospitality and real estate venture with a diversified presence across resorts, residential projects, and lifestyle businesses. Founded by Mr. Parvataneni Sasibhushan, the company leverages decades of experience in construction, operations, and marketing to deliver premium developments. The group also brings cross-industry insights from film production under Sarathi Studios, which produced over 30 films, and ventures in automotive and F&B, including a high-end restaurant launched in 2018.

About The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as World’s Strongest Hotel Brand 2025 and India’s Strongest Brand 2025 as per Brand Finance; Claridges Collection, a curated set of boutique luxury hotels merging elegance with historical charm; Brij, an experiential leisure offering; Atmantan, one of India’s leading integrated wellness destinations; SeleQtions, a named collection of hotels; Gateway, full-service hotels designed to be your gateway to exceptional destinations; Vivanta, sophisticated upscale hotels; Tree of Life, private escapes in tranquil settings and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 617 hotels including 256 in the pipeline globally across 4 continents, 14 countries and in over 250 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is listed on the BSE and NSE.

Godrej Enterprises Group Secures Landmark Aviation Security Modernisation Project From Cochin International Airport


The Security Solutions business of Godrej Enterprises Group has been awarded a marquee contract by Cochin International Airport Limited (CIAL), to deploy Next‑Gen gates and perimeter security system across key access points of the Airport. This project includes installation of state‑of‑the‑art Under Vehicle Scanning Systems (UVSS) integrated with Automatic Number Plate Recognition (ANPR) and high‑performance Tyre Killers. This integrated security system shall significantly enhance vehicle screening, deterrence, and access control at the airport.

Under the mandate, installations will be carried out across the entry and exit Gates of Terminal 1 and Terminal 2, ensuring end‑to‑end monitoring of all incoming and outgoing vehicular movement. This marks CIAL’s first large‑scale implementation of a Vehicular access system, thus reinforcing the airport’s commitment to elevated aviation security standards and strict compliance with BCAS (Bureau of Civil Aviation Security) guidelines.

With this deployment, every vehicle entering the designated airport zones shall undergo an automated undercarriage scan through the UVSS platform, enabling deeper screening accuracy, real‑time threat identification, and stronger perimeter protection. The integration of ANPR shall further strengthen traceability through stricter audits, thus ensuring regulatory alignment.

This project is a major milestone for Godrej Enterprises Group’s Security Solutions business, as it expands presence in the aviation security segment across in the country, especially Kerala and South India.

Pushkar Gokhale, Business Head, Security Solutions, Godrej Enterprises Group, said, "Aviation continues to be one of the strategic growth engines for our Security Solutions business. Airports across India are investing heavily in advanced, regulation-ready security infrastructure, and our partnership with Cochin International Airport Limited underscores our leadership in high-performance perimeter security technologies. We are observing a consistent rise in demand for Smart vehicle screening, automated access management, and robust deterrent systems. Expansion of our footprint across major Indian airports is a testament to the trust placed in our solutions and our long-term commitment to building safer, smarter, and compliant critical infrastructure, nationwide."

Over the past year, the Security Solutions business has registered strong momentum in the critical infrastructure segment, securing contracts for security solutions from Chhatrapati Shivaji Maharaj International Airport, Kannur International Airport, Thiruvananthapuram International Airport, Sardar Vallabhbhai Patel International Airport, Chaudhary Charan Singh International Airport, Alluri Sitarama Raju International Airport and Rajiv Gandhi International Airport. Once operational, the (CIAL) Cochin deployment is expected to deliver enhanced airport security, streamlined vehicle processing, and stronger adherence to regulatory frameworks.

Mahindra BE 6 Formula E Edition Led The Circuit As Official Safety Car At IRL Goa Street Race


The Mahindra BE 6 Formula E Edition served as the Official Safety Car at the IRL Goa Street Race (Round 4, 2025–26 season), marking the league’s first-ever street circuit in Goa.

Built on Mahindra’s INGLO platform and inspired by Mahindra’s ABB FIA Formula E World Championship journey, the BE 6 Formula E Edition blends motorsport styling, precision engineering and advanced EV technology, truly embodying its philosophy: Inspired by the Circuit. Built for the City.

The safety car features a 79 kWh battery pack with a claimed range of over 680 km (MIDC), delivering 282 Hp and 380 Nm of torque.

John Abraham, owner of Team Goa Aces JA Racing, experienced a hot lap in the car and appreciated its performance and the Race to Road vision.

BE 6’s appearance at IRL comes amid Mahindra Racing’s strong run in the ongoing Formula E season.

Instagram Link - https://www.instagram.com/p/DU0rsqCCKVd/?img_index=1

AP Govt Enterprise AMTZ And Narayan Seva Sansthan Ink 5-Year Pact To Boost Affordable Indigenous Prosthetic & Assistive Tech


· The collaboration aims to co-develop, manufacture, and deploy high-quality, cost-effective medical devices aligned with NSS’s Vision 2030 of delivering 1 lakh artificial limbs.

· The collaboration also encompasses cutting-edge prosthetics, orthotics, mobility aids, and advanced hearing solutions.

· Advanced limbs costing ₹41,000 with imported components are targeted to be reduced to ~₹10,000 through indigenous manufacturing.

· Andhra Government backed AMTZ provides R&D, technical, and prototyping support, while NSS leads clinical validation, rehabilitation protocols, and nationwide assistive device camps.

In a landmark initiative to advance indigenous, affordable, and high-performance prosthetic, orthotic, and assistive technologies, AP Govt enterprise Andhra Pradesh MedTech Zone Limited (AMTZ), India’s premier medical technology park, has signed a five-year Memorandum of Understanding (MoU) with Narayan Seva Sansthan (NSS), a nationally recognized non-profit dedicated to improving the lives of persons with disabilities.

The partnership aims to combine AMTZ’s state-of-the-art technology ecosystem, including R&D laboratories, prototyping, and manufacturing facilities, with NSS’s unmatched clinical expertise and rehabilitation experience. Together, the organizations will work to advance indigenous, cost-effective, and high-quality prostheic, orthotic, and assistive technologies, while supporting NSS’s Vision 2030 of delivering 1 lakh high-quality artificial limbs to beneficiaries nationwide.

As Narayan Seva Sansthan advances its Vision 2030 with AMTZ, the need remains significant. As per Census 2011, India has 2.68 crore persons with disabilities. The largest segments include movement disability (54.36 lakh), hearing impairment (50.72 lakh), and visual impairment (50.33 lakh).

Geographically, 69.49% (1.86 crore) persons with disabilities live in rural India, highlighting the urgent requirement for affordable, accessible prosthetic and assistive technologies nationwide—aligning directly with the Vision 2030 goal of delivering 1 lakh high-quality artificial limbs to beneficiaries across the country.

Ms. Palak Agarwal, Director, Narayan Seva Sansthan said “Through our partnership with AMTZ, we are redefining possibilities for persons with disabilities across India. By making high-performance prosthetics and assistive technologies both affordable and accessible, we are empowering individuals to regain mobility, independence, and confidence, turning challenges into opportunities and fulfilling our Vision 2030 of reaching 1 lakh beneficiaries nationwide.”

While a standard NSS limb currently costs around ₹10,000, an advanced limb with a pneumatic knee joint for above knee prosthesis and carbon foot offering enhanced strength, balance, durability, and energy return costs ₹41,000 due to reliance on imported components. Through this partnership and backward integration for indigenous manufacturing, the collaboration aims to reduce the cost of these advanced limbs to approximately ₹10,000, without compromising quality or performance, marking a shift from basic limb provision to technology-enabled, performance-driven prosthetics.

Under the MoU, AMTZ will provide technical and operational support, access to R&D and testing infrastructure, and assistance in joint research initiatives. NSS will lead clinical validation, rehabilitation protocols, and nationwide assistive device camps. Both parties will also jointly pursue grants, patents, and support programs from national and international funding bodies to accelerate innovation and expand access to high-quality medical devices for underserved communities.

The collaboration encompasses a wide range of devices, including prosthetics such as powered, myoelectric, sports/recreational, and cosmetic restoration , ranging from partial foot to hip disarticulation. Orthotic solutions cover foot orthotics, diabetic foot management, off-loading shoes, modified insoles, and walking braces. The partnership also includes mobility and assistive aids such as walkers, crutches, canes, rollators, wheelchairs, standing frames, and twin devices, along with advanced hearing aids, representing a shift from basic limb provision to technology-enabled, performance-driven prosthetics.

This collaboration represents a transformative step toward making cutting-edge prosthetic, orthotic, and assistive technologies accessible, affordable, and performance-driven, combining global standards with grassroots impact.

Adani Commits USD 100 Billion To Sovereign AI Infrastructure

This direct investment, one of the world’s largest integrated energy-compute commitments, will catalyse an additional USD 150 billion intelligence ecosystem over the decade and establish India’s energy-compute backbone for the AI age.

USD 100 billion direct investment to build green-energy-powered AI-ready data centre capacity by 2035

Expected to catalyse an additional USD 150 billion across manufacturing, servers and sovereign cloud services by 2035

Builds on AdaniConneX’s 2 GW national data centre platform and Adani’s strategic partnership with Google

Expanded partnership with Flipkart to develop the second high-performance AI data centre

Integrated model linking renewable energy, grid resilience and hyperscale AI compute

Dedicated high-density compute capacity to support Indian AI startups, research institutions and deep-tech innovation

Talent initiatives to build specialised AI infrastructure engineering capability in India

The Adani Group today announced one of the world’s largest integrated energy-compute commitments, a direct investment of USD 100 billion to develop renewable-energy-powered, hyperscale AI-ready data centres by 2035. The initiative will establish a long-term sovereign energy and compute platform designed to position India as a global leader in the emerging Intelligence Revolution.

The investment is expected to catalyse by 2035 an additional USD 150 billion across server manufacturing, advanced electrical infrastructure, sovereign cloud platforms and supporting industries. Together, this is projected to create a USD 250 billion AI infrastructure ecosystem in India over the decade.

"The world is entering an Intelligence Revolution more profound than any previous Industrial Revolution," said Mr Gautam Adani, Chairman of the Adani Group. "Nations that master the symmetry between energy and compute will shape the next decade. India is uniquely positioned to lead. At Adani, we are building on our foundation in data centres and green energy to expand into the complete five-layer AI stack focused on India's technological sovereignty. India will not be a mere consumer in the AI age. We will be the creators, the builders and the exporters of intelligence and we are proud to be able to participate in that future."

This roadmap builds on AdaniConnex's existing 2 GW national data centre, expanding toward a 5 GW target that positions India at the epicentre of the global AI economy. This vision is anchored by landmark partnerships with Google to establish the nation's largest gigawatt-scale AI data centre campus in Visakhapatnam, alongside additional campuses in Noida, and with Microsoft spanning Hyderabad and Pune. The Adani Group is also in discussion with other major players seeking to establish large scale campuses across India thereby further cementing its position as India's premier AI infrastructure partner.

In line with this vision, the Group will also deepen its data centre partnership with Flipkart, advancing the collaboration toward the development of a second AI data centre purpose-built to support Flipkart's next-generation digital commerce, high-performance computing and large-scale AI workloads.

The World’s Largest Integrated Data Centre Platform

The 5 GW deployment will create the world’s largest integrated data centre platform, combining renewable power generation, transmission infrastructure and hyperscale AI compute within a single coordinated architecture. Unlike conventional data centre expansions, the program is designed as a unified energy-and-compute ecosystem, where generation, grid resilience and high-density processing capacity are developed in parallel.

Facilities will be optimised for large high-density compute clusters and next-generation AI workloads, supported by advanced liquid cooling systems and high-efficiency power architecture. Dedicated compute capacity will support Indian Large Language Models (LLMs) and national data initiatives, ensuring long-term data sovereignty. Reliable transmission networks and advanced grid systems will underpin the platform, ensuring stability, scalability and uptime at hyperscale.

Leveraging India’s Renewable Advantage

As global AI workloads become increasingly energy-intensive, the Adani Group is uniquely positioned to provide the competitively priced, carbon-neutral power essential for this transition. Central to this strategy is Adani Green Energy’s 30 GW Khavda project, of which over 10 GW is already operational. In addition, the Group is committed to investing another USD 55 billion to expand its renewable energy portfolio, which will include one of the world's largest battery energy storage systems (BESS).

Strategic connectivity through cable landing stations, including at Adani’s network of ports, will ensure low-latency global integration with the Americas, Europe, Africa and Asia.

Derisking and Building Aatmanirbhar Supply Chains

To reduce exposure to global supply-chain volatility, the Adani Group will also co-invest in domestic manufacturing partnerships of critical infrastructure components, including high-capacity transformers, advanced power electronics, grid systems, inverters and industrial thermal management solutions.

This approach positions India not only as a data hub but as a producer and exporter of next-generation intelligence and compute infrastructure.

Integrating with National Priorities
By leveraging its existing AI-based industry cloud which currently manages millions of renewable assets in real-time, the Adani Group is establishing a digital blueprint for significant internal compute expansion. Aligned with the PM Gati Shakti program, the Group is embedding agentic AI across its logistics, ports and industrial corridors to create hyper-efficient, smart operations. This strategic integration not only modernises national infrastructure but also ensures data sovereignty, bridging the gap between heavy industry and intelligent, secure automation.

Democratising High-Performance Compute
In line with India's five-layer AI architecture (Applications, Models, Chips, Energy and Data Centres), the Group will actively participate in partnerships across the full stack. A significant portion of GPU capacity will be reserved for Indian AI startups, research institutions and deep-tech entrepreneurs, alleviating compute scarcity and fostering a domestic innovation ecosystem.

Capitalising on India’s Talent

Working with leading academic institutions, the Adani Group will establish specialised AI Infrastructure Engineering curricula, applied AI research labs focused on energy and logistics and a national fellowship program to address the growing skills gap.

This long-term commitment by the Adani Group establishes one of the world’s most ambitious integrated energy and AI infrastructure platforms ever undertaken at national scale. The Adani Group invites global technology companies, sovereign institutions and innovation partners to participate and collaborate in building India’s next-generation AI infrastructure platform.

About Adani Enterprises Ltd (AEL)

Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built sizeable and scalable businesses like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed to make India self-reliant with our robust businesses. This has also led to significant returns to our shareholders for three decades.

The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, data center, roads and primary industries like copper and petrochem - all of which have significant scope for value unlocking.

For more information visit www.adanienterprises.com

Gaudium IVF And Women Health Limited’s Initial Public Offer Of Equity Shares To Open On February 20, 2026


· Price Band is fixed at ₹75 to ₹79 per Equity Share of face value of ₹ 5 each (“Equity Share”).

· The Anchor Investor Bidding Date will open and close on Wednesday, February 18, 2026.

· The Offer opens on Friday, February 20, 2026, for Bids and closes on Tuesday, February 24, 2026.

· Bids can be made for a minimum of 189 Equity Shares and in multiples of 189 Equity Shares thereafter.

· RHP Link: https://www.sarthi.in/wp-content/uploads/2026/02/Gaudium_RHP.pdf

Gaudium IVF and Women Health Limited (“Gaudium IVF” or “The Company”), announces that the Bid / Offer Opening Date in relation to its initial public offer of the Equity Shares (“Offer”) will be Friday, February 20, 2026.

The Offer comprises a fresh issue of such number of Equity Shares by the Company aggregating up to 1,13,92,500 Equity Shares (the “Fresh Issue”) and an offer for sale of up to 94,93,700 Equity Shares (the “Offer for Sale”) by Dr. Manika Khanna, promoter selling shareholder (the “Selling Shareholder”).

The Company proposes to utilise the Net Proceeds towards Funding capital expenditure towards establishment of New IVF Centers of the Company, Repayment/pre-payment, in full or in part, of certain outstanding loans availed by the Company, and general corporate purposes (the “Objects of the Offer”).

The Anchor Investor Bid/Offer Period opens and closes on Wednesday, February 18, 2026. The Bid/Offer Period will open on Friday, February 20, 2026 for subscription and close on Tuesday, February 24, 2026.

The Price Band of the Offer has been fixed at ₹75 to ₹79 per Equity Share. Bids can be made for a minimum of 189 Equity Shares and in multiples of 189 Equity Shares thereafter.

This Equity Shares are being offered through the RHP.

The Equity Shares to be offered through the RHP are proposed to be listed on the Main Board of BSE Limited and National Stock Exchange of India Limited (“NSE”). For the purposes of the Offer, NSE is the Designated Stock Exchange.

Sarthi Capital Advisors Private Limited is the sole Book Running Lead Manager to the Offer (the “BRLM”).

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

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

Further, 5% of the QIB Portion (excluding Anchor Investor portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion (excluding Anchor Investor Portion) shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. In the event the aggregate demand from Mutual Funds is less than as specified above, the balance Equity Shares available for Allotment in the Mutual Fund Portion will be added to the QIB Portion and allocated proportionately to the QIB Bidders (other than Anchor Investors) in proportion to their Bids.

Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders of which one-third portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹ 2 lakhs and up to ₹ 10 lakhs and two-third portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹ 10 lakhs, provided that unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders in accordance with the SEBI ICDR Regulations and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All potential Bidders (except Anchor Investors) are mandatorily required to utilize the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA Process. For further details, see “Offer Procedure” on page 379.

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