Mumbai: India’s primary market is gearing up for a blockbuster September, with issuers set to launch IPOs worth ₹20-25,000 crore, as companies rush to beat approval deadlines that were extended until the end of this month to prevent exposing them to periods of extreme volatility during share sales.

According to bankers, nearly 25 companies are in the pipeline for September, with several issuers seeking to complete their offerings before approvals from the Securities and Exchange Board of India (Sebi) are due to lapse. The pipeline includes a mix of large and mid-sized companies, with a slew of issues expected to raise more than ₹500 crore. The September pipeline reflects improving sentiment among issuers after a cautious first half, according to Sonia Dasgupta, MD & CEO, Investment Banking, JM Financial.

“The September IPO pipeline demonstrates the strength of India’s capital markets apart from signalling the release of a restrained sentiment among the issuers, which prevailed in a more cautious first half,” Dasgupta said. “Bucking the subdued trend, the issuers are now looking to capitalise on improved market sentiment, stronger recent listings, and the imminent expiry of Sebi approvals.”.

Read more: Ahead of IPO, Deepa Jewellers raises Rs 138 cr from anchor investors

In April, Sebi had provided a one-time extension to companies whose IPO approvals were due to expire between April 1 and September 30, 2026, allowing them to use the approvals until September 30.

Normally, companies are required to launch their public issues within 12-18 months of receiving Sebi’s observation letter, which allows them to proceed with the issue. The regulator extended the validity of these approvals, citing geopolitical tensions and heightened market volatility that had delayed several fund-raising plans. Of the 161 companies that currently have valid IPO nods, approvals for 35 companies are set to expire on September 30, 2026, according to the data from Prime Database. Companies risk fresh regulatory clearance if the issues aren’t completed by the deadline.

Giorgio Saumat
Chairman & CEO

Good afternoon. It is now 5:00 p.m., the time for this meeting, and I call to order the Annual Meeting of Shareholders of Earth Science Tech. My name is Giorgio Saumat. I serve as CEO and Chairman of the Board of Earth Science Tech. I will be chairing today’s meeting. So welcome to all of you, and thank you for joining us. With me today is Mario G. Tabraue, our COO; and the Director, Ernesto Flores, our CFO, and a Director; Chris Rose, our Chief Technology Officer; Victoria Losada, the Secretary of the Company and a Director; Yovan Sanchez, another director, Dr. Emiliano Curia and Jeff Cazeau, both independent directors, and we also have Ron Shaw, a representative of our independent registered public accounting firm of Semple, Marchal & Cooper. Carl Ranno, our attorney Securities Counsel, is currently not on the call, but is available at any time during the meeting in the event he is needed.

I have appointed Margaret Lloyd from our transfer agent to serve as inspector of elections for this meeting. The inspector has taken the required oath and will tabulate the votes and certify the results at the end. I will now ask Victoria Losada, our Secretary, to report on notice of the meeting and the presence of a quorum.

Victoria Losada
Treasurer, Secretary & Director

Notice of this meeting, together with the proxy statement and form of proxy, was duly mailed and/or made available to all shareholders of record at the close of business on July 2, 2026, in

The governor of the Bank of England has warned G20 finance ministers that artificial intelligence could cause a global economic downturn and pose a significant cyber security risk to financial systems.

Andrew Bailey said any collapse of growth in the AI sector could lead to a “future market correction” that spreads worldwide.

In an open letter to finance ministers in the US on Monday, he said companies around the world should prepare for security breaches “involving simultaneous disruption across multiple firms”.

Earlier this month, a group of 100 firms, including Google, Microsoft, Anthropic and OpenAI, urged countries and groups to beef up their cyber defences before AI grows powerful enough to override them.

Bailey told the G20 finance ministers that a combination of highly priced stock markets, increased borrowing by investors, and the growing concentration of money into a small number of major technology companies could amplify any future market correction.

“The issue is not simply that investors are borrowing more, but that leverage is interacting with high valuations and market concentration, in particular the increasing cross-investment between artificial intelligence (AI) companies and hyper scalers, in a way that could amplify a future market correction,” he said.

Bailey has called on those in charge of financial security to develop “appropriate steps to support safe and responsible model release and deployment on a global basis”.

Bailey, who was writing in his capacity as chairman of the Financial Stability Board international watchdog (FSB), expressed concern about the “volatility” prompted by the effect of energy supply shocks caused by the US-Iran war.

His warning comes several months after UK Chancellor John Healey announced a £100m fund aimed at backing British AI start-ups.

That is part of the government’s efforts to grow the country’s “sovereign AI” capacity, developing homegrown AI technology to ensure the UK is not dependent on services from abroad.

Ministers want to see companies compete for the funding to help tackle challenges like cutting waiting lists in the NHS and bolstering cybersecurity and defence.

A UK government spokesperson said its new AI economics institute was working with international partners to build “a stronger shared understanding of how AI is transforming economies around the world.”

“The institute is the first government-backed body of its kind focused on AI’s economic impact, helping policymakers understand what AI means for growth, productivity, jobs and public services as the technology develops at pace,” the spokesperson said.

But there is growing concern that AI companies are increasingly developing models that can easily override the safeguarding systems of banks and financial centres.

I wish I jumped into gold the last time I had FOMO (fear of missing out), around the start of the year. Is it too late now to grab some of the precious metal, which is up about 15% this month alone? That’s what I’m wondering, but it’s the wrong question to ask. Everyday investors shouldn’t be timing gold—or any market.

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Operator

Welcome to MustGrow Biologics Q2 2026 Earnings Call with CEO, Corey Giasson; and COO, Colin Bletsky. The financial statements and management discussion and analysis are available on SEDAR+. Today’s remarks may contain forward-looking statements. These statements involve known and unknown risks and uncertainties. Please refer to MustGrow’s filings on SEDAR+ for more information. After management’s remarks, we will open the call for questions. [Operator Instructions] Welcome, gentlemen, and please begin your presentation.

Corey Giasson
President, CEO & Director

Thank you, Martin. Good afternoon, everyone, and welcome to MustGrow’s Q2 2026 Earnings Call and question-and-answer session. Before I begin, I’d like to draw your attention to our disclaimer. Forward-looking statements are going to be made in this presentation and the Q&A session at the end. Again, some of these statements will not come to fruition. This disclaimer can be read on our website at mustgrow.ca.

So last week, we announced the Q2 2026 results. TerraSante sales revenue for the quarter was $75,000. Gross profit — gross loss negative margin of about $17,000. That was due to us shipping product from Asia through air freight into the U.S., and it’s quite costly. As you can see, licensing revenue, we were able to report in Q2 that we had earned licensing revenue of about $1.4 million, and we made the announcement a couple of weeks ago that we received that portion of the cash. So in the Q2 financial statements, it reads as an accounts receivable.

Our expenses continue to normalize without NexusBioAg with about $900,000 quarterly of expenses. And net profit, which includes the discontinued operations of NexusBioAg, we had a profit of about $300,000 versus

Kushner’s comments come just days after Uefa asked a court in New York to approve subpoenas for testimony and documents from both the American billionaire and Thrive as it considers lodging a criminal complaint against Infantino in Switzerland.

European football’s governing body Uefa has led the rebellion against the Fifa president, who is facing calls to stand down.

In a statement, Kushner said: “Money in football has historically been concentrated amongst a small group of countries.

“The idea behind FFE was to direct more capital and equity equally amongst all 211 member countries, providing significantly more investment to underdeveloped nations to nurture local talent, support grassroots football, enhance the fan experience, and ultimately grow the global game everywhere.

“It was an idea that every member association would vote on, not an obligation or determination.

“While we stand behind the motivations of FFE, we failed to appreciate the political dynamics of global football, and the lengths some would go to. Thrive has a long track record of being a partner to all constituents. Had we known what this would devolve into, we would not have gotten involved.”

In late July, shortly before scrapping the plan, Fifa said, “Thrive Eternal…is expected to lead the proposed investor group for FFE”, claiming it would have seen the funding distributed to each national association for the 2027-2030 cycle increase from £5.9m to £14.7m.

As well as Kushner, Uefa has asked for the disclosure of documents from two Fifa businesses in the US and American financier Greg Maffei, who was a key adviser on the deal.

While Uefa says neither Kushner nor Maffei are anticipated defendants in any legal proceedings, it claims the pair first discussed the FFE concept in July 2025 and that Infantino had “been discussing the underlying concept with Kushner for nearly a year before the terms sheet was ultimately signed.”

Its lawyers also argue the World Cup was deliberately undervalued at around £15bn, which it says is “a figure that was neither the product of an open, competitive auction, nor tested by any independent valuer”. It claims Infantino failed to consult Fifa’s hierarchy over the plan.

Kushner has recently agreed a deal to buy basketball’s Los Angeles Lakers for a record $12.5bn (£9.3bn).