Daily filing brief

10 Important BSE and NSE Announcements for 16 September 2026

By Daily BrieferPublished Updated

Reliance Industries allotted ₹12,000 crore of NCDs on 16 September 2026, while Piramal Finance reported Q1 FY27 growth in AUM, PPOP and net profit. Fortis Healthcare also signed an agreement for a 400+ bed hospital in Delhi.

  1. Reliance Industries Limited

    Reliance Industries Allots Rs 12,000 crore NCDs in private placement (Series Q)

    Allotment of Securities

    Allotment Details

    • Allotted 12,00,000 unsecured Redeemable NCDs of Rs 1,00,000 each (PPD Series Q) on Sept 16, 2026.
    • Base issue Rs 10,000 crore with Green Shoe option up to Rs 2,500 crore.
    • Aggregate allotment amounts to Rs 12,000 crore via 12 lakh NCDs.
    • Proposed listing on BSE and NSE.
    • Maturity on Sept 16, 2031; tenor five years.
    • Coupon rate 7.47% per annum.
    • NCDs are unsecured.
    • Credit ratings: CRISIL AAA/Stable and CARE AAA/Stable.
    • Allotment time around 1:07 PM IST.
    • NCDs to be credited to demat accounts.
    View source

  2. Piramal Finance Ltd

    Piramal Finance Q1 FY27: AUM up 32% YoY; PPOP +89%; Net Profit +67%

    Investor Presentation

    Business overview

    • Multi-product retail and wholesale lending platform leveraging AI-native growth (Piramal.ai).
    • Strategic emphasis on scalable retail model and controlled risk.

    Key operational highlights

    • Retail AUM rose 32% YoY to ₹91,249 Cr; disbursements up 44% YoY.
    • Gold loans Phase 1 rollout complete; Phase 2 started; target 200 branches FY27.
    • Unsecured products growth; cross-sell franchise 25–30% of unsecured disbursals.
    • Wholesale AUM ₹13,238 Cr; 27% YoY; disbursements ₹2,604 Cr.
    • Repayments 74% of disbursements; prepayments ₹1,030 Cr.
    • 82% customers outside Tier-1 markets; urban branches expanding.
    • Piramal.ai suite underpins underwriting, CX, and collections.

    Financial performance

    • Total income ₹1,693 Cr; up 37% YoY.
    • Net interest income ₹1,442 Cr; up 43% YoY.
    • PPOP ₹804 Cr; up 89% YoY.
    • Net profit ₹461 Cr; up 67% YoY.
    • Opex ₹889 Cr; up 10% YoY.
    • AUM total ₹95,369 Cr; Growth AUM up 25% YoY.
    • Retail AUM ₹91,249 Cr; YoY growth 32%.

    Capital structure & liquidity

    • Cash & liquid investments ₹6,925 Cr.
    • Total assets ₹111,251 Cr; Gross debt ₹82,345 Cr; Net worth ₹28,906 Cr.
    • Disclosures on diversification via MF, ECB & securitisation.
    • Consolidated LCR 553%; Capital adequacy 18.85%.

    Strategic priorities & outlook

    • AI-led growth across multi-product platform to sustain AUM expansion.
    • Enhance cross-sell, branch productivity, and risk-adjusted profitability.

    Risks & mitigation

    • Asset quality remains focus; GNPA 2.4%, NNPA 1.6%, provisions 2.3% of AUM.

    Governance & leadership

    • AI-powered investor relations tools (Pia) launched to support disclosures.
    View source

  3. Fortis Healthcare Ltd

    Fortis Signs Definitive Healthcare Agreement for 400+ Bed Ashok Vihar Hospital in Delhi

    Press Release / Media Release

    Overview

    • Fortis Hospotel signs exclusive healthcare services agreement with SLJ Society for a 400+ bed Ashok Vihar hospital.
    • SLJ Society will own, operate, and develop land/building; Fortis will provide services and clinical manpower.
    • Fortis to extend loan to SLJ Society up to INR 567 crores for construction.
    • Loan disbursed in multiple tranches over the next 3-4 years.
    • Healthcare Services Agreement term: 29 years with extension option.
    • Hospital to commence operations in 3-4 years, subject to approvals.
    • Fortis services to extend to more than 3,400 beds across Delhi-NCR.
    View source

  4. ACME Solar Holdings Ltd

    ACME Solar commissions 66.68 MW solar and 300 MWh BESS in Rajasthan

    Press Release / Media Release

    Milestones and capacity update

    • 68 MW solar and 300 MWh BESS commissioned at Kelan Village, Bikaner.
    • Phase-I solar part of 300 MW solar + 100 MW wind hybrid project.
    • PPA signed with NTPC; long-term project finance with PFC.
    • Entire 300 MW solar capacity expected by end of Q3 FY27.
    • Phase-I BESS: 53.63 MW / 300 MWh commissioned.
    • PPA for BESS with SJVN; project finance with REC.
    • Total renewable energy operational capacity now ~3,057 MW.
    • Total BESS capacity now 4.16 GWh.
    • Contracted portfolio across solar, wind, storage, FDRE and hybrids: 8,370 MW.
    View source

  5. Poonawalla Fincorp Limited

    Poonawalla Fincorp approves allotment of NCDs E1 and F1 FY 2026-27

    Allotment of Securities

    NCD Allotment Update

    • Finance Committee approved allotment of 10,000 secured NCDs, E1 FY 2026-27 Re-Issuance I.
    • Face value ₹1,00,000 per NCD; total ₹100 crore.
    • Accrued interest ₹66,49,300 and discount ₹26,21,000; total ₹100,40,28,300.
    • Allotment of 75,000 NCDs, F1 FY 2026-27.
    • F1 total ₹750 crore; ISIN INE511C07AE3.
    • Debentures to be listed in Debt Market Segment.
    • Maturity: E1 16 Feb 2029; original 914 days, reissuance 884 days.
    • Maturity: F1 17 Sep 2029; tenure 3 years.
    • Coupon: E1 8.09% p.a.; F1 8.3082% p.a.
    • Security: first ranking pari passu charge on hypothecated properties.
    • Delay interest: 2% over coupon until cure per Debenture Trustee.
    • Date of allotment: 16 September 2026.
    • Total issue size ₹850 crore.
    View source

  6. Ugro Capital Ltd

    UGRO Capital raises INR 380 crore from FMO; cumulative development finance exceeds INR 1,300 crore

    Press Release / Media Release

    Fundraising and use of proceeds

    • UGRO raised INR 380 crore via 38,000 senior secured NCDs, fully subscribed by FMO.
    • Five-year tenor aligns with UGRO's long-duration secured lending to Tier-3 towns.
    • Proceeds earmarked for women-owned/led, youth-owned/led, rural SMEs, and eligible green projects.

    Funding base and scale

    • FMO cumulative UGRO commitment is INR 890 crore; total development finance and impact capital exceed INR 1,300 crore.

    Growth and operations (Q1 FY27)

    • GRO disbursed INR 1,853 crore in Q1 FY27.
    • GRO AUM rose 32% QoQ to INR 3,003 crore; GROx active customers ~3.4 lakh; >60,000 loans/month.

    Network and portfolio profile

    • 317 Emerging Market branches across 13 states.
    • 46% of total AUM from Emerging Market + GROx as of 30 Jun 2026.

    Impact metrics

    • 76% borrowers with woman owner or co-owner; 88% revenue growth post-financing; direct livelihoods ~2 lakh.

    Ticket size and sector mix

    • Average loan sizes: Emerging Market ~INR 18 lakh; GROx ~INR 1 lakh.
    • Sector AUM: Clean energy 374cr; Healthcare 430cr; Water and sanitation 268cr; Education 102cr.

    Funding sources

    • Development finance and impact debt raised to date over INR 1,300 crore from 11+ institutions; FMO cumulative INR 890 crore.
    View source

  7. Venus Pipes & Tubes Ltd

    Venus Pipes approves preferential issue of 22,27,544 equity shares at Rs 1,670 each, subject to approvals.

    Issue of Securities

    Issuance terms

    • Security: Equity shares; preferential allocation via private placement.
    • Total securities: 22,27,544 equity shares; aggregate Rs 371.9998 crore.
    • Issue price: Rs 1,670 per share; premium Rs 1,660.
    • Investors: 18 non-promoter/public allottees (Annexure A).
    • Post-issue holding: Promoter 43.71%; Public 56.29%.
    • Listing: NSE; symbol VENUSPIPES.
    • Subject to shareholder and regulatory approvals.

    Investor details

    • Investors include Ashoka Whiteoak ICAV, India Acorn Fund, KITARA PIIN 2401, etc.
    • Total consideration approx Rs 372 crore.

    Governance & approvals

    • EGM on 08 Oct 2026 to approve the issue.
    • Cut-off date for voting: 01 Oct 2026.
    • Scrutinizer appointed: Piyush Prajapati & Associates.
    • Advisor: Inga Ventures Private Limited engaged for the issue.
    View source

  8. RMC Switchgears Ltd

    RMC Switchgears Q1 FY27: ₹37.24cr revenue, ₹1,188cr unexecuted order book, PulseBox progress

    Investor Presentation

    Business overview

    • Core business spans electrical products, EPC services, and solar EPC.
    • Platform strategy combines enclosures with PulseBox IP-led tech for higher value.
    • Manufacturing facility expanded to 800,000 sq ft capacity.
    • Growing partnerships with state utilities and EPCs support expansion.
    • Main Board listing on BSE/NSE since April 1, 2026.

    Operational highlights

    • August 2026: 12 LOAs from Paschim Gujarat Vij Co. Ltd worth ₹333.80 crore.
    • Confirmed unexecuted order book about ₹1,188 crore.
    • Q1 FY27 consolidated revenue ₹37.24 crore; standalone ₹31.85 crore.
    • PulseBox: 10 DTs live, 5+ states; 3 states in advanced discussions.
    • Capacity expanded to 300,000 SMC enclosures annually.
    • 249 kW solar plant installed at manufacturing facility.
    • Independent Director Manisha Godara appointed 24 May 2026; June 2026 senior management appointments.

    Financial performance

    • Consolidated revenue ₹37.24 crore; down 55.95% YoY.
    • Standalone revenue ₹31.85 crore; down 58.03% YoY.
    • Consolidated gross margin 44.87%; standalone 46.84%.
    • Consolidated EBITDA ₹7.75 crore; margin 20.81%.
    • Standalone EBITDA ₹6.28 crore; margin 19.72%.
    • Consolidated PAT ₹2.08 crore; margin 5.59%.
    • Standalone PAT ₹1.15 crore; margin 3.60%.
    • FY2026 segment revenue: Electrical Products ₹96.48cr; Electrical EPC ₹96.13cr; Solar EPC ₹208.99cr.
    • Segment margins: Electrical Products 9%; Electrical EPC 18%; Solar EPC 17%.
    • Consolidated EPS ₹1.97; standalone ₹1.08.

    Capital structure & liquidity

    • Short-term borrowings ₹89.38 cr; long-term borrowings ₹13.70 cr.
    • Standalone equity ₹10.58 cr; reserves ₹113.33 cr; total equity.
    • Consolidated reserves ₹119.88 cr; total equity.
    • Cash and bank balances: standalone ₹11.26 cr; consolidated ₹13.23 cr.

    Strategic priorities & outlook

    • Platform one foundation; Platform two IP-led growth over next decade.
    • PulseBox positioned for RDSS-aligned LT distribution upgrades.
    • Target >30% CAGR in 3–5 years; expanding across northern, western, central India.
    • Cross-segment selling to drive higher margins; reduce working capital intensity.

    Risks & mitigations

    • Billing lags awards; revenue recognition follows commissioning.
    • Execution risk and government capex dependence; mitigate via diversified backlog.
    • Plan to reduce working capital intensity.

    Governance & leadership

    • Listed on BSE/NSE Main Board effective 1 April 2026.
    • Independent Director Manisha Godara appointed 24 May 2026.
    • Vikash Verma named Deputy CFO; Ojas Sethi as Head of Finance in June 2026.
    View source

  9. Exide Industries Ltd

    Exide India and ExCom Enter Strategic Cooperation to Grow Industrial Battery Business Across the EEA

    Press Release / Media Release

    Agreement highlights

    • Exide India and ExCom Energy Solutions GmbH signed a long-term strategic cooperation on 15 September 2026.
    • Cooperation covers the European Economic Area; ExCom will act as central interface for customers.
    • Initial focus on traction and motive-power batteries and stationary energy storage for industrial applications.

    Strategic rationale and scope

    • Combines Exide India's manufacturing scale with ExCom's market access and local support.
    • Aims to deliver a comprehensive portfolio including battery systems, charging, integration, and lifecycle services.
    • Targets meeting technical, regulatory, and operational requirements across the EEA.

    Outlook

    • Plans to extend into advanced chemistry solutions in the future.
    • Partnership aims to accelerate growth of Exide India's industrial battery business in Europe.
    View source

  10. Praj Industries Ltd

    Praj Industries and Gevo sign India Development & Commercialization Agreement for Bio-IBA

    Press Release / Media Release

    Bio-IBA India collaboration

    • Praj Industries and Gevo sign Development & Commercialization Agreement for Bio-IBA in India.
    • Praj will lead India commercialization with exclusive rights to deploy Bio-IBA technology.
    • Praj establishing India's first commercial Bio-IBA demonstration plant for a leading Oil Marketing Company.
    • Demonstration plant designed, engineered, supplied and erected by Praj using Gevo's technology.
    • Bio-IBA aims to reduce diesel carbon intensity and accelerate India's energy transition.
    • PPAC data notes India's high-speed diesel consumption at 94.7 million tonnes in FY2025-26.
    View source