Author: Sutun Nayak

  • The Cube Club Creates World Record with 10,000 Plant Green Installation, Celebrates 1 Lakh Tree Plantation Milestone with Jackie Shroff

    The Cube Club Creates World Record with 10,000 Plant Green Installation, Celebrates 1 Lakh Tree Plantation Milestone with Jackie Shroff

    The Cube Club

    Ahmedabad (Gujarat) [India], June 01: The Cube Club, in collaboration with Zee Studios, has achieved a remarkable milestone by securing recognition from the Golden Book of World Records for creating the “Largest Planted Letter Formation on Ground” alongside the iconic Jackie Shroff. Crafted using over 10,000 live ornamental plants, the installation was unveiled as a tribute to The Great Grand Super Hero while symbolising a much larger environmental commitment and the successful plantation of 1 lakh trees. The record-setting green masterpiece transformed the landscape of The Cube Club in Ahmedabad into a living celebration of sustainability, creativity, and collective action.

    Driven by the visionary leadership of Tejas Dadia, Khushali Vyas, and Hitansh Dadia, The Cube Club continues to redefine experiential luxury by seamlessly blending entertainment, nature, and purpose. More than just a world record, the initiative reflects the brand’s commitment to creating meaningful experiences that leave a lasting impact on both people and the planet. By bringing together cinema, sustainability, and community participation, The Cube Club has once again positioned itself at the forefront of innovative and environmentally conscious initiatives in India.

    Speaking on the achievement, Tejas Dadia said, “This recognition is not just about creating a world record, it’s about creating awareness and inspiring action. At The Cube Club, we believe luxury experiences can also drive meaningful environmental impact. Seeing 10,000 live plants come together to celebrate both cinema and sustainability was incredibly special, and this milestone motivates us to continue building experiences that contribute positively to the planet.”

    Khushali Vyas added, “For us, this initiative was deeply emotional because it brought together creativity, purpose, and community in the most beautiful way. The 1 lakh tree plantation milestone represents a long-term commitment towards a greener future, and achieving this recognition alongside Jackie Shroff and Zee Studios made the journey even more memorable. We hope this inspires more people and brands to embrace sustainability in impactful and innovative ways.”

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  • JD Cables Limited Reports Strong H2 FY26 & FY26 Performance

    JD Cables Limited Reports Strong H2 FY26 & FY26 Performance

    H2 FY26 Revenue Grows 70% YoY, and PAT Rises 69% YoY | FY26 Revenue Up 46% YoY and PAT Up 44% YoY

    Kolkata (West Bengal) [India], May 30: JD Cables Limited (BSE: 544524), a manufacturer of wires, cables, and conductors, announced its audited financial results for the half-year and full year ended March 31, 2026. The Company delivered a strong performance during H2 FY26 and FY26, driven by robust demand across key end-user industries, improved scale of operations, and continued focus on execution excellence.

    Key Financial Highlights

    Particulars H2 FY26 H2 FY25 % Growth
    Total Income (₹ Lakhs) 24,375.47 14,318.31 70.24%
    EBITDA (₹ Lakhs) 2,886.61 1,895.33 52.30%
    PAT (₹ Lakhs) 1,979.86 1,171.26 69.04%
    Particulars FY26 FY25 % Growth
    Total Income (₹ Lakhs) 36,519.36 25,069.51 45.67%
    EBITDA (₹ Lakhs) 4,811.01 3,429.44 40.29%
    PAT (₹ Lakhs) 3,172.46 2,202.50 44.04%
    EPS (₹) 14.07 13.31 5.71%

    Other Key Highlights

    • H2 FY26 EBITDA Margin stood at 11.84% and PAT Margin stood at 8.12%.
    • FY26 EBITDA Margin stood at 13.17% and PAT Margin stood at 8.69%.
    • Order book stood at 515 Crore as on March 31, 2026, providing healthy revenue visibility for the coming periods.
    • Net Worth increased to ₹146.2 Crore as on March 31, 2026, strengthening the Company’s financial position.
    • Debt-to-Equity Ratio improved significantly to 0.39x as compared to 1.53x in FY25.
    • Current Ratio improved to 2.25x from 1.25x in FY25, reflecting a stronger liquidity profile.
    • Interest Coverage Ratio improved to 10.67x from 9.14x in FY25.
    • Continued investments in manufacturing infrastructure, working capital, and operational capabilities to support future growth.

    Commenting on the performance, Mr. Piyush Garodia, Managing Director, JD Cables Limited, said: “We are pleased to report a strong performance for both H2 FY26 and FY26. Our revenue growth of 70% during the second half of the year and 46% for the full year reflects the strength of our customer relationships, product quality, and execution capabilities.

    The demand environment across infrastructure, industrial, and power sectors remains encouraging, supported by increasing investments in economic development and electrification initiatives. During the year, we continued to focus on operational efficiency, customer expansion, and strengthening our business fundamentals.

    With a healthy balance sheet, improved financial ratios, and a growing market opportunity, we remain confident of sustaining our growth momentum while creating long-term value for all stakeholders.”

    About JD Cables Limited

    JD Cables Limited is an India-based manufacturer of electrical cables and conductors, primarily catering to the power transmission and distribution sector. The company offers a diversified product portfolio, including power cables, control cables, aerial bunched cables (ABC), and conductors such as AAC, AAAC, and ACSR. It is an approved vendor for multiple State Electricity Boards (SEBs) with a strong presence across eastern and northeastern India. With modern manufacturing facilities and a strong focus on quality and execution, the company continues to benefit from growing demand in infrastructure and electrification projects.

    Disclaimer: Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

  • ArcelorMittal Nippon Steel India Leads First Industry-Led PM-SETU ITI Transformation

    ArcelorMittal Nippon Steel India Leads First Industry-Led PM-SETU ITI Transformation

    Visakhapatnam ITI Cluster receives National Steering Committee approval, marking the first operational industry partnership under the ₹60,000 crore PM-SETU scheme

    Hazira, Surat (Gujarat) [India], May 30: In a landmark development under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme, the National Steering Committee (NSC) has approved the Strategic Investment Plan (SIP) for the Visakhapatnam ITI Cluster in Andhra Pradesh, submitted by ArcelorMittal Nippon Steel India (AM/NS India) along with their academic partner New Age Makers Institute of Technology (NAMTECH).

    The approval marks the first-ever Strategic Investment Plan to be cleared under PM-SETU and makes Andhra Pradesh the first State to operationalize an industry partnership under the scheme.

    The approval was accorded during the 3rd National Steering Committee Meeting convened by the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India at Kaushal Bhawan, New Delhi. The milestone represents the first concrete step towards implementing PM-SETU’s vision of transforming Government ITIs into industry-managed, outcome-oriented institutions through deep partnerships between State Governments and leading industry players.

    The meeting was chaired by Smt. Debashree Mukherjee, Secretary, Ministry of Skill Development and Entrepreneurship, and attended by Shri Dilip Kumar, Director General, Directorate General of Training (DGT), along with members of the National Steering Committee.

    Senior representatives from the Capacity Building Commission (CBC), National Council for Vocational Education and Training (NCVET), Ministry of Commerce and Industry, Ministry of Heavy Industries, Ministry of Labour and Employment, participating State Governments, industry leaders including Hindustan Aeronautics Limited (HAL), Hero MotoCorp, Bajaj Auto, ITC Limited and ArcelorMittal Nippon Steel (AM/NS) India, NAMTECH as well as development partners such as the Asian Development Bank (ADB) and the World Bank participated in the deliberations.

    Approval of Visakhapatnam ITI Cluster

    A key outcome of the meeting was the approval of the Strategic Investment Plan for the Visakhapatnam ITI Cluster in Andhra Pradesh, submitted by ArcelorMittal Nippon Steel India.

    With this approval, Andhra Pradesh becomes the first State under PM-SETU to onboard an Anchor Industry Partner (AIP), marking a major milestone in the operationalization of the industry-led Hub-and-Spoke model envisioned under the scheme.

    The approval of the Visakhapatnam Cluster represents a significant step towards transforming Industrial Training Institutes into industry-managed, outcome-oriented institutions capable of responding to evolving workforce requirements.

    The successful approval of the proposal is expected to serve as a model for other States seeking to strengthen industry participation in vocational education and training and accelerate the implementation of PM-SETU interventions across the country.

    Focus Areas Discussed by the National Steering Committee

    The National Steering Committee reviewed the overall progress of PM-SETU implementation across participating States and deliberated on policy and implementation measures aimed at strengthening industry participation, improving institutional governance, enhancing the financial sustainability of Special Purpose Vehicles (SPVs), and accelerating the operationalization of projects under the scheme.

    The discussions focused on advancing industry-led governance mechanisms, promoting outcome-based skilling, and strengthening partnerships between industry, State Governments and training institutions to ensure that India’s vocational education and training ecosystem remains responsive to emerging sectoral demands and future workforce requirements.

    About PM-SETU

    PM-SETU, a flagship initiative of the Government of India with an outlay of ₹60,000 crore, aims to transform 1,000 Government ITIs through an industry-led Hub-and-Spoke model.

    The scheme seeks to modernise infrastructure, strengthen industry engagement, improve employability outcomes, and establish National Centres of Excellence (NCoEs) in high-growth sectors, building, through stronger government-industry partnerships, a future-ready workforce equipped for advanced manufacturing and emerging technologies.

    Growing Momentum Across States

    With 32 States and Union Territories having constituted their State Steering Committees and 12 States/UTs having floated their Requests for Proposals for inviting industry participation in the selection of Anchor Industry Partners — several of which are approaching closure within the coming weeks — PM-SETU stands at the threshold of a full-fledged, industry-led implementation phase.

    A robust pipeline of State-industry consultations, with multiple rounds concluded and several more scheduled in the weeks ahead, reflects deepening convergence between industry interest and State preparedness.

    Central and State Governments are working in close coordination to ensure that the momentum generated through preparatory milestones translates swiftly into on-ground project execution, with industry partnerships poised to drive ITI transformation at scale across the country.

    In the coming months, further Strategic Investment Plans are expected to receive National Steering Committee approval, paving the way for a transformed vocational education and training ecosystem for Viksit Bharat 2047.

  • Mister Hair Clinic Appoints Dr. Shawn as Head of Department, Bringing International-Standard Hair Transplants to India

    Mister Hair Clinic Appoints Dr. Shawn as Head of Department, Bringing International-Standard Hair Transplants to India

    Bengaluru (Karnataka) [India], May 30: Mister Hair Clinic, one of South India’s fastest-growing doctor-led hair-restoration networks, today announced the appointment of Dr. Shawn from the U.S.A. as Head of Department (HOD), Hair Transplant Surgery. In the role, Dr. Shawn will lead surgical standards, clinical protocols, and surgeon training across all of Mister Hair clinics, with a clear mandate: to deliver hair transplants that meet international benchmarks for quality, safety and natural, lasting results.

    The appointment is a defining step in Mister Hair Clinic’s mission to make world-class hair restoration accessible to patients in India – without the need to travel abroad for it. Dr. Shawn brings experience and international training, fellowships, and affiliations to join us. Under his leadership, the clinic will standardise its advanced techniques – including DHI and Sapphire FUE – under globally recognised surgical and sterility protocols, applied consistently at every location.

    For Mister Hair, ‘international quality’ is not a slogan but a set of measurable standards: meticulous donor-area planning, refined and undetectable hairline design, high graft-survival rates, hospital-grade sterility on every procedure, and an ethics-first, results-honest approach to every patient. The network already reports 98% graft survival, more than 5,000 grafts placed, and a 4.9-star average patient rating across its 8+ locations – and Dr. Shawn’s appointment is intended to elevate and systematise these standards group-wide.

    “World-class hair restoration shouldn’t require a passport,” said Dr.Rajaram, Founder, Mister Hair Clinic. “Bringing Dr. Shawn on board as our Head of Department means our patients in Bengaluru and across South India can access the same surgical precision, standards, and honesty practised at the finest international clinics — close to home. This is about raising the bar for the whole field, not just our own clinics.”

    “A great hair transplant is invisible – it’s measured in natural hairlines, careful donor management and results that last a lifetime, delivered safely and ethically,” said Dr. Shawn Head of Department – Hair Transplant Surgery, Mister Hair Clinic. “My focus is to build that standard into every procedure, every clinic, and every surgeon on our team, and to give patients in India outcomes that stand comparison with anywhere in the world.” You can book your appointments by visiting https://misterhair.in/contact/

    Patients across Mister Hair’s clinics in Karnataka have given huge support for us, and now we are expecting the same support from the people of Telangana. We will be focusing on the results for every person expecting the best hairline and density post hair transplant. Mister Hair Clinic has a vision to have more than 100 clinics across India in the next five years.

    About Mister Hair Clinic

    Mister Hair Clinic is a doctor-led hair-restoration network headquartered in Bengaluru, offering DHI and Sapphire FUE hair transplants, PRP and exosome regenerative therapy, dedicated female hair-loss care, and beard and eyebrow restoration across 8 clinics in Karnataka and across South India. Founded on a philosophy of honest, doctor-led care, Mister Hair begins every patient journey with a free 8-Point Hair & Scalp Analysis. The clinic’s promise to patients is simple: “Restore your hair. Restore your confidence.Learn more at misterhair.in.

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  • Intense Technologies Reports FY26 with 11 New Customer Additions Across Banking, Insurance & NBFC Segments

    Intense Technologies Reports FY26 with 11 New Customer Additions Across Banking, Insurance & NBFC Segments

    Hyderabad (Telangana) [India], May 30:  Intense Technologies Limited (NSE: INTENTECH | BSE: 532326), a globally operating platform-led services company delivering mission-critical solutions in customer communications, data management, and process automation, today announced its audited Q4 FY26 results, highlighting its continued impact across the BFSI, Telecom, and Government sectors.

    FY26 Standalone Key Financial Highlights

    During FY26, the company reported a Total Income of ₹12,990.93 lakhs. EBITDA stood at ₹1,666.11 lakhs, with an EBITDA Margin of 12.83%. The company recorded a Net Loss of ₹1,565.46 lakhs, resulting in an EPS (Loss per Share) of ₹6.70.

    Growth Engagements

    • We expanded our customer portfolio with 11 new client wins across BFSI and two customers in the government vertical, creating a solid foundation for future growth and cross-sell opportunities.
    • Achieved industry recognition in the Omdia Universe: Customer Communications Management (CCM) 2026 report, validating the strength of our platform and market positioning.
    • Accelerating the adoption of our AI-powered Centralised Customer Communications Governance Hub to expand recurring revenue streams.
    • Pursuing strategic opportunities across government digitisation programs to broaden our public sector footprint and support large-scale digital transformation initiatives.

    Commenting on the results, Mr. C.K. Shastri, Chairman & Managing Director of Intense Technologies Limited, said: 

    “Our continued client acquisition reflects the strength of our business model and continued market demand for our IP-led and AI-Powered Platforms and Services. Our sales-led growth strategy continues to gain momentum across key industry verticals, including banking, insurance, financial services, telecommunications, and government sectors. As enterprises increasingly invest in AI-powered transformation initiatives, we are well-positioned to expand our market presence, deepen existing customer relationships, and unlock new avenues for growth.

    We remain focused on delivering innovative solutions across customer communications management, low-code application development, and Talent-as-a-Service, helping organizations improve operational efficiency, optimize costs, enhance customer experience, accelerate time to value, and strengthen governance and compliance.

    As we continue to strengthen our market presence and expand our capabilities, we remain committed to helping clients scale efficiently, improve business agility, mitigate risk, and achieve sustainable growth in an increasingly digital-first economy, while creating long-term value for all stakeholders.”

    Commenting on the results, Ms. Anisha Shastri, Director of Intense Technologies Limited, said: 

    “Over the past year, we’ve added 11 new logos in the BFSI & 2 new logos in the Government Sector, reinforcing our role as a strategic, trusted partner of choice in transforming enterprise operations and customer engagement.

    Our revamped strategic initiatives continue to gain momentum, supported by focused leadership, a strengthened go-to-market strategy, and deeper engagement across priority industry verticals. These efforts position us to capture emerging opportunities, expand our customer base, and drive long-term business growth.

    Our AI-driven Centralized Communications Hub is now powered by Gen AI voice agents and messaging bots, enabling enterprises to automate and orchestrate the entire customer communication lifecycle. We have also expanded our capabilities with a DPDPA-compliant communications ecosystem, empowering organisations to manage consent across channels, strengthen data governance, reduce compliance risk, enhance customer trust, and ensure regulatory readiness at scale.

    We are also proud to be recognised in the Omdia Universe for the Customer Communications Management 2026 report, highlighting the strength of our end-to-end customer communications management ecosystem and our ability to support mission-critical enterprise operations through a unified customer engagement platform.

    Looking ahead, we remain focused on scaling our IP-led platforms, deep domain expertise, and capturing opportunities across high-growth markets to create measurable business outcomes for our customers and deliver sustainable value for all stakeholders.”

    Key Business Highlights FY26

    Patent Milestone Strengthened IP portfolio with Copyright for UniServe™ Reach: Marketing Automation & Digital Customer Engagement Platform (Certificate No.: SW-2025021089); the platform enables businesses to connect with their customers at the right time, on the right channel, and in the language they are most comfortable with, ensuring every interaction is timely, relevant, and impactful and Testbook.ai (Certificate No.: SW-2025021158) our automated testing platform to accelerate software testing, improve quality, reduce errors, and shorten time-to-market.Copyright secured for AI-Driven Digital Communication Hub (Certificate No.: SW-2025020530). This proprietary platform marks a significant milestone in the company’s mission to revolutionise customer experience through intelligent, real-time, and unified communications. By securing IP rights, In10s reinforces its commitment to provide a centralised AI-powered communications platform to help enterprises reduce operational costs, achieve regulatory agility, and enable seamless, customer-centric interactions at scale.
    Analyst Recognitions Featured in the Omdia Universe for Customer Communications Management, 2026 report, showcasing our end-to-end customer communications management ecosystemFeatured in the Omdia Universe: Digital Experience Management (DXM), 2025–26 report       Named in Omdia Universe: CPaaS Providers, 2025 Report for UniServe™ Reach & Connect Platforms Recognised in Omdia Universe: No-Low-Pro AppDev Platforms, 2025 ReportSkyQuest Recognises In10s as a Top Player in Customer Communication Management Market Global Forecast 2025-2032
    Certifications Achieved SOC 2 Compliance, reinforcing our commitment to enterprise-grade security and trustSuccessfully achieved CERT-In certification for our flagship platform UniServe™ NXT, issued under the authority of the Indian Computer Emergency Response Team (CERT-In), underscoring our commitment to robust security standards, regulatory compliance, and delivering trusted, enterprise-grade solutionsAppraised at Level 3 of ISACA’s Capability Maturity Model Integration (CMMI®). This recognition reflects our commitment to delivering high-quality software development and IT support services, reinforcing our position as a trusted partner for enterprises seeking scalable, secure, and reliable digital solutions
    Expansion of Board The company has onboarded accomplished professionals with a proven track record of scaling business operations globally and driving growth across international markets. Their induction is expected to further strengthen the Board’s leadership capabilities and provide strategic direction for expanding the company’s presence in overseas markets.
    Exceptional Items Rapid advancements in emerging technologies, particularly Artificial Intelligence-led solutions, have necessitated a recalibration of the Company’s go-to-market strategy. Certain standalone platform offerings are now being bundled with core solutions instead, to enhance customer value proposition and stickiness.The IT and BFSI ecosystem faced financial stress during the year due to adverse macroeconomic factors, liquidity constraints including foreign exchange volatility impacting customers’ and channel partners’ ability to pay aged outstanding dues. As a result, the Company has made one-time non-recurring provision towards impairment of intangible assets and provision for doubtful debts.This provision reflects a prudent, one-time response to sector-wide stress during the year and does not alter the Company’s underlying business strength or its outlook for future performance.

    About Intense Technologies Limited 

    Intense Technologies Limited is a publicly listed, AI-first, platform-driven services company specialising in mission-critical solutions across communication, data management, and process automation. With a strong focus on the BFSI, Telecom, and Government sectors, the company leverages its innovative platforms to deliver significant business outcomes at scale.

    Operating globally across four continents, Intense Technologies impacts over a billion lives daily. The company is widely recognised by leading industry analysts, including Gartner, IDC, Aspire, Celent, and Omdia, for its excellence in technology and market leadership.

    Through its suite of IP-enabled platforms and services, Intense empowers enterprises to achieve their digital transformation goals efficiently. Its proven solutions have enabled leading banks to realise savings in the range of hundreds of crores by streamlining and centralising their customer communication processes.

    Intense Technologies manages the delivery of 1 billion notifications annually, generates 50 million statements each month, and has successfully onboarded over 1 billion subscribers to date.

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  • Sumeet Industries Limited Reports Resilient FY26 Performance with Total Income Crossing Rs 1,050 Cr & PAT of Rs 27.33 Cr

    Sumeet Industries Limited Reports Resilient FY26 Performance with Total Income Crossing Rs 1,050 Cr & PAT of Rs 27.33 Cr

    Surat (Gujarat) [India], May 30: Sumeet Industries Limited (NSE Code: SUMEETINDS, BSE Code: 514211), one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn, has announced its Audited Financial Results for Q4 &FY26.

    Key Consolidated Financial Highlights 

    Q4 FY26

    • Total Income of ₹266.98 Cr, YoY growth of 9.53%
    • EBITDA of ₹14.68 Cr, YoY growth of 113.58%
    • EBITDA Margin of 5.50%, YoY growth of 268 Bps
    • PAT of ₹7.50 Cr
    • PAT Margin of 2.81%
    • EPS of ₹0.15

    FY26

    • Total Income of ₹1,053.81 Cr, YoY growth of 4.78%
    • EBITDA of ₹60.77 Cr, YoY growth of 313.84%
    • EBITDA Margin of 5.77%, YoY growth of 431 Bps
    • PAT of ₹27.33 Cr
    • PAT Margin of 2.59%
    • EPS of ₹0.53

    Commenting on the performance, Mr. Pratik R. Jaju, Managing Director of Sumeet Industries Limited said, “We are pleased to report a stable financial performance for FY26 with Total Income of ₹1,053.81 Cr and PAT of ₹27.33 Cr. Despite a dynamic operating environment for the textile sector during the year, the Company continued to demonstrate resilient performance supported by its integrated operations, improving efficiencies and focused execution strategy under the leadership of the Eagle Group.

    During the quarter, we achieved an important strategic milestone with the Company being declared as the H1 Bidder for acquisition of Nakoda’s Phase 3 Polyester Chips manufacturing assets under CIRP at a value of ₹23.47 Cr. The acquisition provides access to 400 TPD polyester chips capacity, further strengthening backward integration and supporting our POY and FDY manufacturing operations.

    Looking ahead, we remain focused on expanding our value-added product portfolio, improving operational efficiencies, increasing renewable energy sourcing and driving sustainable growth across the polyester value chain. With planned capacity expansion, strengthening backward integration capabilities and improving product mix, we remain optimistic about the long-term growth opportunities for the business.”

    Operational Highlights


     
     

    Acquisition of Nakoda’s Phase-3 Chips Manufacturing Assets

    Declared H1 Bidder for Nakoda’s Phase-3 Chips Plant acquisition under CIRP.Acquisition valued at ₹23.47 Cr, providing 100% control of the acquired assets.400 Tons Per Day (TPD) polyester Chips Capacity (1,46,000 Tons Per Annum (TPA)) supporting POY & FDY Manufacturing operation.

    About Sumeet Industries Limited

    Incorporated in 1988, Sumeet Industries Limited is a Surat-based integrated polyester manufacturer engaged in the production of PET chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn. The company has been taken over by the Eagle Group, Successful Resolution Applicant, in pursuance of the Hon’ble NCLT order dated 16 July 2024. The promoters of Eagle Group are seasoned technocrats with over 40 years of experience in the textile industry, bringing strong operational and strategic expertise to the company.

    With over four decades of experience, Sumeet Industries operates a technologically advanced manufacturing facility equipped with international-standard quality testing and R&D infrastructure for developing a wide range of yarns and applications. The Board has approved Phase 1 of the polyester yarn capacity expansion, involving an addition of 15,000 tonnes per annum with an investment of ₹30 Cr, aimed at strengthening the company’s presence in the value-added synthetic yarn segment while supporting scale and profitability. 

    The company has also invested 27% stake in HI-URJA TECHNO LLP, a Solar Power Generating Plant, which has an installed capacity of 14 MW as a Captive consumer and has been sourcing solar. Apart from this, the company has also been weighing to source Renewal power (Solar, Wind, and Both) under Captive/Group captive from various Generators

    Sumeet Industries is also focusing on developing value-added yarns, introducing Bright and dope dyed yarn, and widening its product range to cater to diverse applications within the domestic textile industry.

    In FY26, the company recorded revenue of ₹1,053.81 Cr, EBITDA of ₹60.77 Cr, and Profit After Tax (Including Exceptional Item) of ₹27.33 Cr.

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  • Avance Technologies Reports FY26 Revenue from Operations of Rs 15,926 Lakhs; Net Profit Surges 150% Y-o-Y to Rs 1,324 Lakhs

    Avance Technologies Reports FY26 Revenue from Operations of Rs 15,926 Lakhs; Net Profit Surges 150% Y-o-Y to Rs 1,324 Lakhs

    Q4 FY26 Net Profit Rises to ₹1,037 Lakhs; FY26 EPS Surges 133% to ₹0.07 Reflecting Strong Earnings Momentum.

    Mumbai (Maharashtra) [India], May 30: Avance Technologies Limited today announced its Consolidated and Standalone Financial Results for the quarter and financial year ended March 31, 2026.

    The company delivered a stable operational performance during FY26 while reporting a significant improvement in profitability. Consolidated Revenue from Operations for FY26 stood at ₹15,925.60 Lakhs, while consolidated Net Profit increased sharply to ₹1,323.61 Lakhs, registering a robust 150% Year-on-Year growth. The performance reflects improving financial efficiency, disciplined operational execution, and strengthening overall business fundamentals.

    On a consolidated basis, Revenue from Operations for FY26 stood at ₹15,925.60 Lakhs as compared to ₹17,176.50 Lakhs reported during FY25. Consolidated Total Income for FY26 stood at ₹17,309.70 Lakhs as against ₹17,396.30 Lakhs reported during the previous financial year.

    The company reported consolidated Net Profit of ₹1,323.61 Lakhs during FY26 as compared to

    ₹530.24 Lakhs in FY25, reflecting a strong 150% Year-on-Year growth. Earnings Per Share (EPS) for FY26 stood at ₹0.067 per share as compared to ₹0.027 per share in FY25.

    For the fourth quarter ended March 31, 2026, consolidated Revenue from Operations stood at

    ₹3,093.50 Lakhs as compared to ₹4,831.20 Lakhs during Q4 FY25. Consolidated Total Income for Q4 FY26 stood at ₹4,191.90 Lakhs as against ₹5,031.80 Lakhs reported during the corresponding quarter of the previous year.

    The company reported consolidated Net Profit of ₹1,037.26 Lakhs during Q4 FY26, compared to a net loss of ₹136.23 Lakhs reported during Q4 FY25, reflecting a significant turnaround in quarterly profitability and strengthening operational performance.

    On a sequential Quarter-on-Quarter basis, Revenue from Operations for Q4 FY26 stood at ₹3,093.53 Lakhs as compared to ₹4,950.24 Lakhs reported during Q3 FY26. Consolidated Total Income for Q4 FY26 stood at ₹4,191.91 Lakhs as against ₹5,044.49 Lakhs reported during Q3 FY26.

    Consolidated Net Profit increased sharply to ₹1,037.26 Lakhs during Q4 FY26 from ₹201.39 Lakhs reported in Q3 FY26, registering a strong 415% Quarter-on-Quarter growth. The improvement in profitability reflects strengthening financial efficiency, focused cost optimization measures, and disciplined operational execution during the quarter.

    “Fiscal Year 2025-26 represents a pivotal milestone for Avance Technologies as we unlock deeper value from our balance sheet. The remarkable expansion in our net profit margins and the multi-fold improvement in our Earnings Per Share reflect our agility in maximizing returns through tactical investment positions and disciplined financial management. said Latesh Poojary, Managing Director of Avance Technologies Limited.

    Looking ahead, Avance Technologies Limited remains focused on strengthening operational capabilities, improving execution efficiency, and exploring scalable opportunities across technology-driven business segments. The company believes that continued digital transformation and evolving technology adoption trends are expected to create long-term opportunities for sustainable business growth and stakeholder value creation.

    About Avance Technologies Limited (ATL)

    Avance Technologies Ltd (www.avance.in) specializes in the distribution of information technology (IT) products. The principal activities of the Company involve the resale of software and hardware. The company offers a wide range of services, including Digital Media Planning and Buying, Social Media Marketing, Mobile Apps Marketing, WhatsApp e-commerce, Video Creation and Marketing, Influencer Marketing, Content and Search Engine Optimization (SEO) Strategy, Marketing Automation, Performance Marketing, Market Research, Artificial Intelligence, Block Chain, Internet of Things (IOT), Cloud Services, Software Testing, Vulnerability Testing, SMS Marketing, and WhatsApp Marketing. In addition, our company provides a comprehensive selection of services, such as pay-per-click (PPC) advertising, content marketing, social media management, conversion rate optimization, and marketing automation. The Company’s short code service enables users to receive text messages from customers and subsequently take actions based on the message’s content.

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  • Colab Platforms Announces strong Financial Performance for the FY26 with Rs 15,828 Lakhs Revenue from operations, Delivering Strong 129% Y-o-Y Growth

    Colab Platforms Announces strong Financial Performance for the FY26 with Rs 15,828 Lakhs Revenue from operations, Delivering Strong 129% Y-o-Y Growth

    Q4 FY26 Revenue from Operations Surges to ₹5,085 Lakhs with Strong Operational Momentum

    New Delhi [India], May 30: Colab Platforms Limited (BSE: 542866), a diversified technology company, today announced its stellar Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The company reported a strong operational performance during FY26, with Revenue from Operations rising to ₹15,828.10 Lakhs, reflecting a robust 129% Year-on-Year growth. Consolidated Total Income for FY26 stood at ₹16,324.88 Lakhs, registering a strong 133% Year-on-Year increase, supported by improving operational scale and increasing traction across its diversified digital ecosystem initiatives.

    On a consolidated basis, Revenue from Operations increased significantly to ₹15,828.10 Lakhs during FY26 from ₹6,902.94 Lakhs in FY25, reflecting strong business momentum and increasing scalability across the company’s diversified technology ecosystem. Consolidated Total Income for FY26 stood at ₹16,324.88 Lakhs as compared to ₹7,005.69 Lakhs in the previous financial year, supported by improving operational expansion and enhanced execution across multiple strategic verticals.

    The company reported consolidated Net Profit of ₹461.68 Lakhs during FY26, compared to ₹286.30 Lakhs in FY25, reflecting improving operational efficiencies, disciplined execution, and strengthening business fundamentals.

    The March 2026 quarter continued to demonstrate strong operational traction for the company. Revenue from Operations for Q4 FY26 stood at ₹5,084.89 Lakhs, compared to ₹2,043.38 Lakhs reported in the corresponding quarter of the previous year, registering a strong 149% Year-on-Year growth. Consolidated Total Income for Q4 FY26 increased sharply to ₹5,212.56 Lakhs from ₹2,049.12 Lakhs in Q4 FY25, reflecting a robust 154% Year-on-Year increase.

    Consolidated Net Profit for Q4 FY26 stood at ₹78.71 Lakhs, compared to ₹95.29 Lakhs reported during the corresponding quarter of the previous year.

    On a sequential basis, Revenue from Operations increased from ₹4,552.61 Lakhs in Q3 FY26 to ₹5,084.89 Lakhs in Q4 FY26, reflecting continued growth momentum across the company’s digital and technology businesses. Consolidated Total Income also increased from ₹4,666.87 Lakhs in Q3 FY26 to ₹5,212.56 Lakhs during Q4 FY26, registering a healthy 12% Quarter-on-Quarter growth.

    During FY26, Colab Platforms Limited continued to strengthen its positioning as a diversified technology conglomerate through strategic expansion across Artificial Intelligence, digital infrastructure, blockchain ecosystems, sports technology, and platform-led businesses. The company announced multiple initiatives focused on building scalable technology ecosystems, including the expansion of its AI-focused capabilities through the development of ColabPlatforms.ai, an AI-powered search and intelligence platform focused on verified and data-driven insights while also strengthening its presence across gaming, sports IPs, esports tournaments, and digital engagement ecosystems. In addition, the company continued to explore opportunities across fintech infrastructure, drone technology applications, and semiconductor-related businesses with a focus on building scalable, future-ready technology ecosystems across high-growth sectors. These initiatives reflect the company’s long-term focus on participating in high-growth technology-driven industries with scalable monetization opportunities.

    “FY26 was a year of strong operational growth and strategic expansion for Colab Platforms Limited. We continued to strengthen our presence across multiple high-growth technology sectors while focusing on scalable digital ecosystems and operational execution. Going forward, we intend to focus on building integrated and scalable technology-led platforms across AI, fintech, sports technology, gaming, drones, semiconductors, and digital infrastructure ecosystems with the objective of creating sustainable long-term value for stakeholders.” Said, Puneet Singh, Managing Director of Colab Platforms.

    Backed by its diversified business model, expanding technology ecosystem, and focus on innovation-driven growth, Colab Platforms remains focused on strengthening operational scale, expanding monetization opportunities, and creating sustainable long-term value for stakeholders.

    About Colab Platforms Limited

    Colab Platforms Limited (BSE: 542866) is a diversified technology-driven company focused on building scalable businesses across Artificial Intelligence, fintech, sports technology, esports, digital platforms, drones, and semiconductor ecosystems. The company aims to create integrated, future-ready technology platforms that combine innovation, user engagement, and operational scalability across multiple high-growth sectors.

    Through its expanding digital ecosystem and innovation-led approach, Colab Platforms continues to strengthen its positioning as a multi-domain technology enabler focused on long-term value creation.

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • BharathCloud Aligns with BDIA at Bharat Digital Samvad to Advance India’s Sovereign AI Infrastructure Vision

    BharathCloud Aligns with BDIA at Bharat Digital Samvad to Advance India’s Sovereign AI Infrastructure Vision

    Hyderabad (Telangana) [India], May 28: BharathCloud engaged in discussions at Bharat Digital Samvad, the inaugural national forum organised by the Bharath Digital Infrastructure Association (BDIA), in New Delhi. The summit brought together policymakers, cloud infrastructure leaders, regulators, enterprises, and technology stakeholders to discuss India’s digital sovereignty, AI infrastructure readiness, and the future of domestic cloud ecosystems.

    The event also initiated the official launch of BDIA as an association of not-for-profit industry dedicated to developing and improving India’s digital infrastructure through policy dialogue, collaboration, and with the vision of Data Swaraj. The summit discussions centred on key topics such as developing sovereign cloud infrastructure, an AI-ready compute ecosystem, digital industry policies, and the long-term reliance on foreign-controlled digital infrastructure.

    Conversations at the summit indicated a rising focus on Digital Swaraj and self-sovereign AI-ready infrastructure, AI Cloud Adoption to support India’s long-term digital resilience. Throughout the conference, the discussion was concentrated on a much larger industry perspective towards digital sovereignty and infrastructure policy.

    Participating in the eventRahul Takkallapally, Co-Founder, BharathCloud and Founding Member of BDIA, said“India’s digital growth will become stronger when Indian technology companies collaborate within one ecosystem and grow together. It is encouraging to see nearly 40 organisations come together through BDIA with a shared focus on digital sovereignty, trusted infrastructure, and long-term technology resilience. The collaboration of emerging organisations showcases the potential of BDIA. Bharat Digital Samvad creates an authentic and collaborative space where industry stakeholders can work together to support India’s AI and digital infrastructure ambitions.”

    Leadership Voices Piyush Somani, President, BDIA and Promoter, Chairman & Managing Director, ESDS Software Solution Ltd., said, “India has already built one of the world’s most extensive digital infrastructure ecosystems. The focus now is on ensuring that the governance, control, and long-term value created through this infrastructure remain within the country. Data Swaraj is no longer just a larger vision for the future; it is becoming a practical necessity for India’s digital growth. Bharat Digital Samvad reflects an important step where industry and policy stakeholders are coming together to shape that direction collectively.

    Abhishek Bhatt, Secretary General, BDIA, said, “India had early leadership through platforms like Rediff, Sify, Khoj, and Indiatimes, but domestic ecosystems lacked the policy support needed to scale competitively. Today, with Atmanirbhar Bharat and a new generation of founders building at scale, Bharat Digital Samvad and BDIA reflect a stronger push toward India-led digital ecosystems. While 100 per cent digital sovereignty may not be practical, India must strengthen and support the critical digital infrastructure being built locally. Our digital market size itself is one of India’s biggest strategic advantages in the global digital economy.”

    The summit focused on establishing concrete frameworks that will support India’s ambitions for self-reliance in technology, with discussions extending beyond the industry level to include both policy development and implementation. In addition, the forum will create a path for future policy recommendations, industry standards, and infrastructure plans that will be used to shape the development and governance of AI and digital infrastructure in India during its next phase of growth.

    About BharathCloud
    BharathCloud is a Hyderabad-based sovereign AI cloud services provider delivering secure, scalable, and AI-driven solutions to businesses and startups globally. BharathCloud offers end-to-end cloud and digital transformation solutions, including IaaS, PaaS, SaaS, AI/ML, HPC, and innovative platforms offering AI-powered smart storage and Bharat Big Bucket(B3), KaaS (Kubernetes-as-a-Service). Its enterprise-grade infrastructure ensures high performance, multi-location backups, disaster recovery, and compliance with global standards such as ISO 27001, TPN, and HIPAA.

    For more information, visit www.bharathcloud.com

  • CapitalNumbers Infotech Limited Announces H2 FY26 & FY26 Results

    CapitalNumbers Infotech Limited Announces H2 FY26 & FY26 Results

    CapitalNumbers Reports FY26 Total Income of ₹115.60 Crore, PAT of ₹25.50 Crore and Maintains Debt-Free Balance Sheet

    Kolkata (West Bengal) [India], May 30: CapitalNumbers Infotech Limited (BSE: 544343), a leading software solutions company offering end-to-end digital and IT engineering services, announced its audited financial results for the half-year and full-year ended March 31, 2026.

    The Company delivered steady growth during FY26, supported by client additions across global markets, expansion of digital engineering capabilities, and continued investments in AI, cloud, and enterprise technology services. The Company maintained healthy profitability while investing in future growth initiatives. Sustained margins reflect disciplined execution and a scalable business model.

    Key Financial Highlights:

    Particulars H2 FY26 FY26
    Total Income (₹ Lakhs) 5,647.92 11,559.56
    EBITDA (₹ Lakhs) 1,534.72 3,579.78
    EBITDA Margin (%) 27.17% 30.97%
    Net Profit (₹ Lakhs) 1,070.29 2,550.29
    Net Profit Margin (%) 18.95% 22.06%

    Additional Balance Sheet Highlights

    Particulars FY26
    Cash & Bank Balances ₹8,862 Lakhs
    Current Investments ₹8,113 Lakhs
    Total Cash & Investments ₹17,135 Lakhs
    Shareholders’ Funds ₹19,155 Lakhs
    Debt Nil

    Operational and Strategic Highlights – FY26

    • Expanded capabilities across digital engineering, cloud, AI/ML, Generative AI, and data engineering services.
    • AI/ML and Generative AI solutions contributed more than 10% of FY26 revenue and continued to be one of the fastest-growing service segments.
    • Strengthened global client base across enterprises, SMEs, and tech companies in multiple geographies
    • Scaled workforce to 500+ professionals with expertise across 50+ technologies
    • Enhanced service portfolio with focus on AI/GenAI, cloud engineering, and data-driven solutions
    • Maintained strong industry positioning supported by ISO 9001, ISO 27001, and SOC 2 certifications
    • Adopted flexible engagement models, including managed teams, staff augmentation, and project-based delivery
    • Strengthened partnerships with global technology platforms such as Microsoft, Adobe, and Salesforce

    Management Commentary

    Commenting on the performance, Mr. Mukul Gupta, Chairman & Managing Director, CapitalNumbers Infotech Limited, stated:

    FY26 was an important year for CapitalNumbers as we continued investing in future growth while maintaining healthy profitability and a strong balance sheet. During the year, we expanded our AI and cloud capabilities, strengthened our international business development efforts, and continued building relationships with enterprise clients across key global markets. Strong client additions, growing demand for AI and cloud-based services, and disciplined financial management have supported our growth and profitability.

    We remain focused on strengthening our service capabilities, expanding into new geographies, and leveraging emerging technologies to drive long-term value creation. With a robust pipeline and strong balance sheet, we are well-positioned to sustain our growth momentum. With a continued focus on operational excellence, technology integration, and scalable platform-driven growth. Looking ahead, we remain focused on disciplined execution, expanding our AI-led service portfolio, strengthening enterprise relationships, and creating long-term value for shareholders.”

    About CapitalNumbers Infotech Limited

    CapitalNumbers Infotech Limited is a digital consulting and IT engineering company offering digital engineering, software development, cloud engineering, AI/ML, Generative AI, data engineering, and enterprise technology services to global enterprises and startups. The Company has a strong international presence and focuses on delivering scalable, secure, and innovative technology solutions.

    Disclaimer: Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.