Daily filing brief

10 Important BSE and NSE Announcements for 14 September 2026

By Daily BrieferPublished Updated

Solar Industries announced a cash acquisition of Omnia Holdings, while MTNL reported multi-bank defaults. Our 14 September 2026 edition also covers CMI’s unaudited results alongside BSE and NSE corporate announcements on expansion, acquisitions and investments.

  1. Solar Industries India Ltd

    Solar Industries to acquire Omnia Holdings in cash for USD 1.355 billion, completion expected by 2027

    Acquisition

    Target overview

    • Omnia Holdings Limited, global diversified chemicals group serving mining, agriculture, and chemicals sectors.
    • Incorporated 1953; headquartered in Johannesburg, South Africa; presence in 23 countries with 40+ served.
    • FY2026 revenue USD 1.41 billion.

    Deal terms

    • Acquisition of 100% of Omnia's issued shares (excluding treasury) for cash.
    • Cash consideration: ZAR 134.5 per share; total US$1.355 billion.
    • Completion targeted for early to mid-2027; delisting from JSE and A2X on completion.
    • Not a related party transaction; no promoter/group interest.

    Regulatory & timeline

    • Subject to applicable regulatory, statutory, and competition approvals.
    • Conditions precedent customary; completion subject to approvals.

    Strategic rationale

    • Creates global platform for commercial explosives and blasting solutions.
    • Strengthens international presence; expands geographic footprint; diversifies operations.
    • Enhances technological capabilities across the group.

    Target background

    • Omnia is a global chemicals group; BME mining segment leader in blasting systems and mining chemicals.
    • 3,500+ employees; presence in 23 countries; serves 40+ countries via 70 distribution centres.
    • Turnover: 2023-24 USD 1.18B; 2024-25 USD 1.25B; 2025-26 USD 1.41B.
    View source

  2. Mahanagar Telephone Nigam Ltd

    MTNL reports multi-bank defaults on principal and interest totaling Rs 9,654 crore as on 31 August 2026

    Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks / financial institutions.

    Default details

    • Nature of obligation: Principal and Interest Payment.
    • Lenders: UBI; BOI; PNB; SBI; UCO Bank; PSB; IOB.
    • UBI: 12-08-2024.
    • BOI: 04-09-2024.
    • PNB: 09-09-2024; 28-09-2024.
    • SBI: 28-09-2024.
    • PSB: 08-10-2024.
    • IOB: 03-02-2025.
    • Current default principal: 7,794.34 crore.
    • Current default overdue interest: 1,859.91 crore.
    • Current default overdue principal: 2,195.72 crore.
    • Total current default: 9,654.25 crore.
    • Total outstanding borrowings from banks/financial institutions: 9,654 crore.
    • Total financial indebtedness: 37,475 crore.
    • Composition: Bank loans 9,654; SG bonds 24,071; SG bond interest 3,750.
    • Insolvency/restructuring: No related proceedings disclosed.
    View source

  3. CMI Ltd

    CMI Ltd reports CIRP-era unaudited results; accumulated losses Rs 16863.91 lakhs erode net worth

    Financial Results

    Financials & audit status

    • Accumulated losses as of 30 Sep 2025: Rs 16,863.91 lakhs.
    • Paid-up capital: Rs 1,603.07 lakhs.
    • Losses have totally eroded the net worth.
    • Company is under CIRP under the IBC.
    • Financial statements prepared under Indian GAAP; IND AS not followed.
    • Limited Review Report issued; due to CIRP, no audit opinion.
    • Going concern concerns noted.
    • Inventory details unavailable; stock valued at book value.
    • Fixed assets register not available; physical verification needed.
    • Bank and investment confirmations not available; balances require reconciliation.
    • Review conducted under SRE 2410; moderate assurance.
    • Unaudited results for quarter and half-year ended 30 Sep 2025.
    View source

  4. National Aluminium Company Limited

    Nalco posts record FY2025-26 revenue and PAT; outlines expansion and strong Q1 FY2026-27

    Investor Presentation

    Business Overview

    • Integrated aluminum value chain across mining, refining, smelting, and power.
    • Navratna CPSE under the Ministry of Mines; global low-cost bauxite and alumina producer.
    • One of India's largest integrated bauxite–alumina–aluminium–power complexes.

    Operational Highlights

    • FY25-26: Bauxite excavation 77.01 LT; transportation 77.07 LT.
    • FY25-26: Alumina hydrate production 23.00 LT; calcined alumina 22.75 LT.
    • FY25-26: Cast metal 4.72 LT; net generation 6,953 MU; coal production 40 LT.
    • Q1 FY2026-27: Revenue 5,302 crore; PAT 2,002 crore.
    • Q1 FY2026-27: Bauxite excavation 19.52 lakh tonnes; calcined alumina 5.77 lakh tonnes.
    • Q1 FY2026-27: Sale of alumina/hydrate 3.47 lakh tonnes.
    • CAPEX FY25-26: ₹2,068 crore, up 48% YoY.
    • Procurement: GeM ₹4,200 crore; MSE procurement ₹1,446 crore.
    • MOU with Numaligarh Refinery for CP Coke supply.

    Financial Performance

    • FY25-26 revenue ₹17,843 crore, up 6% YoY.
    • PAT ₹5,816 crore, up 9% YoY.
    • EBITDA ₹8,613 crore, up 9% YoY.
    • Dividend ₹2,020 crore, up 10% YoY.
    • CAPEX ₹2,068 crore, up 48% YoY.
    • FY25-26 marked highest-ever revenue and PAT.
    • Q1 FY2026-27 revenue ₹5,302 crore; PAT ₹2,002 crore.

    Capital Structure & Liquidity

    • Share capital: 183.66 crore shares, face value ₹5.
    • JV UADNL: debt:equity 70:30; project cost ₹4,542 crore.

    Strategic Priorities & Outlook

    • Expansion: Pottangi bauxite mines 3.5 MTPA capacity.
    • Alumina refinery at Damanjodi: 1 MTPA (5th stream).
    • Angul smelter brownfield expansion: 0.5 MTPA; 1080 MW captive power.
    • EGA technology agreement for Angul; pre-commissioning started June 2026.
    • Pottangi mine MDO engaged Dec 2025 for operationalisation.

    Risks & Mitigation

    • Approach road work pending due to local agitation; MDO appointed.
    • Ongoing ESG initiatives to manage environmental and social risk.

    Governance & Leadership

    • Independent Director appointed 14 Aug 2026; board committees reconstituted 25 Aug 2026.
    • DPE self-appraisal: Excellent; emphasis on governance and transparency.
    • 10 board-level committees; reinforced compliance framework.
    View source

  5. Airfloa Rail Technology Ltd

    Airfloa to acquire KIN Railway Equipment's business for ₹48 crore; order book ₹180 crore

    Press Release / Media Release

    Transaction highlights

    • MoU signed to evaluate acquisition of KIN's business for ₹48 crore, subject to due diligence and approvals.
    • Business under acquisition carries an order book of ₹180 crores, providing revenue visibility.
    • Transaction to be funded through debt and internal accruals.
    • Acquisition subject to due diligence, regulatory approvals and execution of definitive agreements.
    • Strengthens metro interiors and coach manufacturing, expanding domestic and export reach.
    • Enhances manufacturing capacity and capabilities for larger projects.
    View source

  6. Bharat Heavy Electricals Ltd

    BHEL approves Rs 65 crore equity investment in NBPPL, a 50:50 JV with NTPC

    Acquisition

    NBPPL acquisition

    • Target: NBPPL, a 50:50 JV of BHEL and NTPC, engaged in EPC contracts for power plants.
    • Investment: Rs 65 crore cash at face value for 50% stake.
    • Rationale: infusion to settle urgent liabilities and maintain going concern of NBPPL.
    • Regulatory: approvals not applicable.
    • Timeline: completion expected in FY 2026-27.
    • Industry: EPC contracts and equipment manufacturing for power plants, India.
    • Background: incorporated April 2008; turnover 2025-26 provisional INR 1.04 crore.
    • Promoter/group: NBPPL is jointly held by BHEL and NTPC; related party transaction.
    • Shareholding: 50% stake maintained by promoters.
    View source

  7. Yash Highvoltage Ltd

    Yash HV USA Inc. signs 36-month US representation agreement with ENSALES ELECTRICAL ASSOCIATES, INC.

    Press Release / Media Release

    Agreement details

    • YASH HV USA INC. enters Representation Agreement with ENSALES ELECTRICAL ASSOCIATES, INC., effective 11 September 2026.
    • Agreement valid for 36 months and spans 19 US states.
    • Ensales appointed as Sales Representative across 19 territories.
    • Portfolio covers LV high-current bushings to 25,000 A and OIP condensers to 245 kV.
    • RIP, RIS bushings up to 230 kV available from 2027; further products possible with consent.

    Strategic scope and impact

    • US market designated as a strategic growth channel for Yash Highvoltage.
    • Agreement focuses on utility homologation and approvals to enable US participation.
    • Expansion of RIP, RIS and OIP technologies to meet evolving grid requirements.
    • Positioning to address US power infrastructure needs through enhanced representation.
    View source

  8. Cubical Financial Services Ltd

    IDC recommends open offer for 26% stake in Cubical Financial Services at Rs 2.50 per share

    Open Offer - Updates

    Open Offer Overview

    • Acquirers: Manoj Agrawal and Amit Kumar Saraogi; PACs: Shikha Agrawal, Manoj Agrawal HUF, Kanchan Saraogi.
    • Target: Cubical Financial Services Limited.
    • Offer size: Up to 3,77,44,200 shares, 26.00% of Emerging Equity and Voting Share Capital.
    • Offer price: Rs 2.50 per share plus up to Rs 0.021 interest, payable in cash.
    • Regulatory trigger: Regulation 26(7) SEBI SAST Regulations.
    • Regulatory approvals required under SEBI SAST Regulations.

    Offer Details

    • Number of shares: Up to 3,77,44,200 shares representing 26.00%.
    • Offer price and consideration: Rs 2.50 per share; cash with up to Rs 0.021 interest.
    • Acquirers and PACs named in this filing.
    • Open offer requires regulatory approvals under SEBI SAST Regulations.

    IDC Recommendation

    • IDC recommends the offer as fair and reasonable.
    • Recommendation unanimously approved by the IDC.
    • Price of Rs 2.50 with Rs 0.021 interest aligns with SEBI SAST.
    • Price higher than negotiated Rs 2.05 per share.
    • Price higher than 60-day VWAP Rs 2.18.
    • No shareholder complaints reported.

    Timeline / Key Dates

    • Public Announcement: May 15, 2026.
    • DPS: May 21, 2026.
    • DLoF: May 29, 2026.
    • LoF: September 9, 2026.
    • IDC recommendation: September 14, 2026.
    • Publication of IDC Recommendation: September 15, 2026.

    Manager to the Offer

    • Manager to the Offer: Corporate Makers Capital Limited.
    View source

  9. Info Edge (India) Ltd

    Info Edge appoints Independent Director Naresh Gupta; appoints Himanshu Agarwal as CFO; Interim CFO concludes

    Press Release / Media Release

    Leadership appointments

    • Naresh Chand Gupta appointed as Additional Director, Independent, for five-year term starting October 1, 2026.
    • Subject to shareholders' Postal Ballot approvals.
    • Himanshu Agarwal named CFO and Whole-time Director, effective Sept 17, 2026.
    • Interim CFO Ambarish Raghuvanshi's tenure concludes Sept 16, 2026; will assist till Oct 31, 2026.

    KMP and governance updates

    • Revised KMPs empowered to determine materiality and disclosures as of Sept 17, 2026.
    • KMPs listed: Sanjeev Bikhchandani, Executive Vice Chairman.
    • Hitesh Oberoi, MD & CEO.
    • Himanshu Agarwal, CFO and Additional Director.
    • Jaya Bhatia, Company Secretary Compliance Officer.

    Committee reconstitution

    • Risk Management Committee reconstituted with Himanshu Agarwal as member.
    • Business Responsibility and Sustainability Reporting Committee reconstituted with Himanshu Agarwal as member.
    • RMC membership after change: Geeta Mathur (Chair), Sanjeev Bikhchandani, Hitesh Oberoi, Himanshu Agarwal.
    • Ambarish Raghuvanshi listed as Invitee till Oct 31, 2026.

    Transition and outlook

    • Raghuvanshi to continue as Finance Advisor until Oct 31, 2026.
    • Company aims to strengthen core businesses and AI-driven initiatives.
    • Board thanked Ambarish Raghuvanshi for leadership during transition.
    View source

  10. Satin Creditcare Network Ltd

    SGAL invests ₹5 crore in Indic Wisdom via NCDs and CCPS, first deployment under Category II AIF

    Press Release / Media Release

    Investment details

    • Satin Growth Alternatives invested ₹5 crore in Indic Wisdom via NCDs and CCPS.
    • Date of investment: 9 September 2026; first deployment under SGAL's fund strategy.

    Strategic and operational impact

    • Investment to scale Indic Wisdom's manufacturing capacity.
    • Aims to expand offline distribution and pan-India reach.
    • Indic Wisdom revenue grows more than 2x annually.
    • ARR target: ₹200 crore in the next 12 months.

    Investment structure and governance

    • Investment structure: NCDs and CCPS.
    • First deployment under SGAL's quasi-debt and equity-linked strategy.
    • Led by SGAL with Prajakta Khare and Kaustubh Khare.

    Outlook and next steps

    • Plan to leverage Satin's branch network for distribution expansion.
    • Indic Wisdom to scale manufacturing and achieve growth milestones.
    View source