Premier Industrial Corporation, Virupaksha Organics, Hexagon Nutrition, Om Power Transmission and Duroflex have secured approval from the Securities and Exchange Board of India (Sebi) to proceed with their initial public offerings (IPOs). All five companies received Sebi’s observation during the week.

In IPO parlance, Sebi’s ‘observation’ refers to the formal comments or clearance issued by the regulator on a company’s draft IPO documents.

Premier Industrial Corporation IPO

Premier Industrial Corporation’s IPO will be a mix of fresh issue and an offer for sale (OFS). The company received Sebi’s observation letter on February 10.

Under the issue, 2.79 crore equity shares will be offloaded by the company. In this, the fresh issue will be up to 2.25 crore while the OFS will be up to 54 lakh equity shares.

The selling shareholders are Arvind Chhotalal Morzaria, Dilip Chhotalal Morzaria, Subhash Chhotalal Morzaria, Lalit Navinchandra Morzaria and Nirmala Navinchandra Morzaria.

The company plans to utilise its net proceeds towards financing the capital expenditure requirements for setting up a new wire manufacturing facility in Raigad, Maharashtra, and for financing the capital expenditure required for the expansion of the existing manufacturing facility at the Wada Unit in Palghar, Maharashtra. A part of the proceeds will be be utilised for funding the working capital requirements of the company and for general corporate purposes.
Unistone Capital Private Limited is the sole Book Running Lead Manager (BRLM) to the issue.

Duroflex IPO

Duroflex IPO will be a mix of fresh issue and an offer for sale (OFS). The company received Sebi’s observation letter on February 12. The IPO consists of a fresh issue of equity shares aggregating up to Rs 184 and an offer for sale (OFS) of up to 2.25 crore equity shares by promoters and existing investors.
Duroflex Limited is a leading sleep and comfort solutions provider and is among the top three mattress companies in India by market share. It operates across mattresses, foam, furniture, pillows, accessories, and other bedding products under brands such as Duroflex, Sleepyhead, and Perfect Rest. As of June 30, 2025, Duroflex has established a broad network with 73 Company Owned Company Operated (COCO) stores, over 5,576 general trade stores, and a strong digital presence, serving a pan-India customer base.

Virupaksha Organics IPO

Virupaksha Organics IPO will entirely be a fresh issue worth Rs 740 crore according to the Draft Red Herring Prospectus (DRHP) filed by the company. The research-driven Indian pharmaceutical company received Sebi’s nod on Thursday, February 12.

The company is promoted by Chandra Mouliswar Reddy Gangavaram, Balasubba Reddy, Mamilla, Chandrasekhar Reddy Gangavaram, Vedavathi Gangavaram, Kondapalli Sandeep Reddy, Kotla SUuraj Redy, Mamilla Nagarjun Reddy, Gangavaram Sri Lakshmi and G Sri Vidya.

The BRLMs are Axis Capital Limited and SBI Capital Markets Limited while the registrar to the issue is Kfin Technologies Limited.

Hexagon Nutrition IPO

The public issue of Hexagon Nutrition will entirely be an OFS. The company received Sebi’s clearance on February 10. Under the OFS, promoters Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Nutan Subhash Kelkar and Aditya Kelkar will together offload up to 30,859,704 equity shares.

The research-driven nutrition company is engaged in developing and manufacturing products across micronutrient premixes, branded wellness and clinical nutrition, therapeutic formulations, and ready-to-use foods.

The lead managers to the issue are Cumulative Capital Private Limited and Catalyst Capital Partners Private Limited while the registrar is Kfin Technologies.

Om Power Transmission IPO

The IPO will be a mix of fresh issue and an OFS. The company received the observation on today. Incorporated in 2011, Om Power Transmission is a power transmission infrastructure engineering, procurement, and construction (EPC) company with over 14 years of experience. The company’s expertise lies in the execution of high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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Morgan Stanley’s asset management arm is sounding out investors about shifting a portfolio of India assets from an existing fund into a new vehicle, according to people familiar with the matter.

The firm plans to move eight healthcare-focused investments into a so-called continuation vehicle, the people said, asking not to be identified because the conversations are private. It’s seeking to raise $500 million for the new India fund strategy and has approached investors on the plan, the people added.

The assets include Omega Hospitals and RG Scientific Enterprises Pvt., one of the people said. Morgan Stanley Investment Management invested in Omega in 2024 with a minority ownership and bought a controlling stake in RG Scientific that same year.

A media representative for Morgan Stanley declined to comment.

Morgan Stanley Investment Management, a $1.9 trillion manager, invested in the assets through its alternative arm, Morgan Stanley Private Equity Asia.

The continuation fundraising comes as more investment firms look for exit routes beyond initial public offerings and mergers. Globally, the secondary market rose 48% to $240 billion in 2025 from a year earlier, according to a report by Jefferies Financial Group Inc.

SYDNEY—ANZ Group shares are on course for their best day since 2020 after the country’s fourth-largest lender cut its first-quarter costs by more than analysts had expected.

ANZ on Thursday reported an unaudited cash profit for the three months through December of 1.94 billion Australian dollars, equivalent to US$1.37 billion. That was 6% higher compared with the same period a year earlier.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

For high-earning professionals, financial success often arrives faster than clarity. Income grows. Opportunities multiply. Decisions feel urgent. Yet as 2026 approaches, many individuals earning well into six or seven figures remain more financially fragile than they realize. The reason is not a lack of intelligence or effort. It is a misunderstanding of what long-term financial planning actually requires at the highest income levels.

The coming year brings a convergence of forces reshaping how wealth is built, preserved, and lost. Market volatility remains a given rather than an exception. Tax rules continue to evolve. Income streams are increasingly complex, global, and unpredictable. At the same time, lifestyle expectations rise quickly once money starts flowing. In this environment, traditional planning assumptions break down.

The professionals who navigate this period successfully are not necessarily those who earn the most. They are the ones who approach financial planning as a discipline rather than a reaction. They build systems that anticipate change, enforce restraint, and protect optionality. Much of this thinking reflects lessons drawn from decades of advising high earners across entertainment, sports, entrepreneurship, and professional services. Insights from Eric Fulton, Accountant and Business Manager illustrate how these principles work in practice.

High income is not the same as financial security

One of the most persistent myths among high earners is that income itself creates safety. In reality, higher income often introduces greater risk. Compensation becomes tied to volatile markets, project based work, equity events, or public visibility. Expenses scale up quickly. Commitments become harder to unwind.

Many professionals discover too late that their financial lives are built on assumptions that only hold during peak earning years. A few strong years create the illusion of permanence. Long-term planning, by contrast, begins with the recognition that income may fluctuate dramatically or disappear altogether.

The most resilient plans are designed around sustainability rather than optimization. Instead of asking how much can be spent this year, effective planners ask how today’s decisions perform across multiple economic cycles. That shift in framing changes everything from investment strategy to lifestyle design.

Cash flow discipline matters more than net worth

By 2026, cash flow management has become the core skill separating durable wealth from temporary success. High earners often focus on assets, valuations, and headline numbers while overlooking liquidity. This is a costly mistake.

Irregular income requires excess liquidity. Tax obligations arrive on fixed schedules regardless of earnings volatility. Opportunities often require capital at precisely the wrong moment. Without disciplined cash flow controls, even wealthy individuals are forced into reactive decisions.

Professionals who sustain wealth treat cash flow as a system. They separate operating money from long-term capital. They smooth income across years rather than months. They resist the urge to match spending to peak earnings. This approach creates breathing room during downturns and leverage during periods of opportunity.

Lifestyle inflation is the quietest threat

Few financial risks are as dangerous as gradual lifestyle expansion. It rarely feels reckless in the moment. Each decision seems reasonable. A better home. More travel. Additional staff. Over time, however, fixed costs harden around income levels that may not persist.

One of the most consistent pieces of guidance given by Eric Fulton, Business Manager to clients entering high-earning phases is simple: do not lock in a lifestyle until income has proven itself across time. Early success may be real, but it is often untested. Building flexibility first creates freedom later.

Professionals who delay lifestyle commitments gain optionality. They can take career risks, step back during burnout, or weather industry shifts without panic. Those who scale too quickly find themselves trapped by obligations they assumed would always be affordable.

Tax strategy must be proactive, not reactive

Tax planning in 2026 is no longer an annual exercise. For high earners, it is an ongoing strategic process that intersects with investment decisions, entity structures, geographic considerations, and timing of income recognition.

Reactive tax planning often results in missed opportunities and unnecessary exposure. Effective strategies require forecasting income well in advance and coordinating decisions across multiple domains. This is particularly true for professionals with income from multiple sources, international exposure, or digital platforms.

Experienced advisors emphasize that tax efficiency should never override sound economics. Aggressive strategies that look attractive on paper can introduce compliance risk, liquidity constraints, or reputational exposure. The goal is alignment, not avoidance.

Preparation beats prediction in volatile markets

Market volatility remains a defining feature of the current environment. Attempting to predict cycles has proven less effective than building plans that can withstand them. The professionals who emerge strongest from downturns are usually those who resisted excess during boom periods.

This means maintaining adequate liquidity even when returns are strong. It means diversifying in ways that reflect actual risk rather than theoretical models. It means avoiding over leverage when capital feels abundant.

According to Eric Fulton, Accountant, panic is optional when a plan is built correctly. Preparation creates emotional stability. Emotional stability prevents destructive decisions. Over decades, that discipline compounds more reliably than any single investment strategy.

Reputation risk is financial risk

For high-visibility professionals, your reputation and finances are inextricably linked. Many times, the way you become financially exposed to litigation, poorly structured contracts, or misaligned partnerships occurs before such items are made public. Therefore, when you make long-term decisions, you need to include the risk of those exposures.

In addition, it is necessary to slow down your decision-making process at times when emotions are running high. You should stress-test opportunities against your downside risk and make sure that all advisors are working on a basis of discretion and confidentiality. The foundation for developing a trusting relationship is built through consistent protection rather than through publicity.

In 2026, with the increase in public scrutiny being so high and when there is a misstep with a public figure, your financial repercussions will be much greater than they were previously. Financial plans that do not include the impact of reputation on a financial plan are not complete.

Consistency outweighs brilliance

The experts that maintain their wealth for many years have several things in common. They usually spend less than they earn—even when they afford to live more lavishly—and are careful when deciding whether or not to invest money. They often feel comfortable saying no.

Typically, long-term wealth is not achieved through remarkable insight. Instead, it is typically the result of applying common sense and good habits consistently over an extended period of time. In contrast to the prevailing mindset of most high-income earners (which emphasizes quick results), this way of thinking is among the greatest indicators of sustainable success.

Planning for life, not just money

To create the ultimate financial plan you need to have an eye on how you can help yourself achieve long-term financial goals by considering more than just how much you want to accumulate in your life; you must consider all the factors that will affect your financial well-being (career sustainability, personal values, family priorities, transition to your future). Creating a financial plan is about creating a tool that allows you to manage your money rather than just a way to keep score on how much money you have. Many advisors are beginning to recognize the need for their clients to think differently about their financial futures.

Success should not be measured by one’s wealth, but by how much freedom, stability and peace of mind one has. Financial success is a result of the methodical way in which you build wealth for yourself.

The biggest lesson I have learned in almost 20 years of helping high-income earners achieve their financial goals is that the way in which I help them make decisions is more important than how much money they earn. In a world that is constantly changing and becoming increasingly complex, the only true asset you can have is self-discipline.