Author: Sutun Nayak

Ahmedabad (Gujarat) [India], November 13: Globe Enterprises (India) Limited, a leading manufacturer of fabrics, denim, and home textiles, announced its financial results for the quarter and half year ended September 2025, showcasing strong operational performance and sustained business momentum.

Financial Highlights

Quarter Ended September 2025 (Q2 FY2025–26)

• Revenue: ₹15,856.26 lacs, an increase of 6.81% compared to ₹14,844.87 lacs in the previous quarter (June 2025).
• Profit After Tax (PAT): ₹446.38 lacs, showing a robust growth of 219.94% over ₹139.52 lacs in the previous quarter, supported by improved margins and higher operational efficiency.

Management Commentary 

Bhavik Parikh, Managing Director of Globe Enterprises (India) Limited, said:

“Our strong financial performance for the quarter and half year demonstrates the company’s focus on operational efficiency and market expansion. Despite cost pressures, we delivered healthy profitability and revenue growth across major product segments. With improving demand conditions, we are confident of sustaining the growth trajectory in the coming quarters.”

Corporate Developments

 1. Change in Company Name

The Board of Directors has approved the change of the company’s name from Globe Textiles (India) Limited to Globe Enterprises (India) Limited.

 2. Promoter Share Purchase

Promoter Mr. Bhavik Suryakant Parikh has further strengthened his commitment towards the company by acquiring 45,00,000 equity shares worth ₹1,28,56,450 on November 12, 2025. This strategic purchase reflects his continued confidence in the long-term growth prospects and future performance of Globe Enterprises (India) Limited.

 3. New Virtual Branch Office – Mumbai

The Board has also approved the opening of a new virtual branch office in Mumbai to strengthen the company’s presence in Maharashtra.

“The virtual office will enable us to enhance our business operations, improve customer engagement, and expand our market outreach in Mumbai and the surrounding regions,” said Mr. Bhavik Parikh, Managing Director

 4. Rationalization of Non-Core Assets

As part of its operational restructuring strategy, the company has entered into an agreement to sell its printing plant and machinery to Maruti Textiles, Ahmedabad, for ₹90.48 lakh.

The asset had been underperforming due to technological obsolescence and rising maintenance costs.

 5. Demerger of Online Business

The Board has approved the draft scheme of arrangement for demerger, under which the company’s online business—including brands “Indigenx” and “Orijean”—will be transferred to the resulting entity as a going concern.

About Globe Enterprises (India) Limited 
Established in 1995, Globe Enterprises is a leading player in the Indian textile industry. The company offers a comprehensive portfolio that includes yarns, fabrics, denim, home textiles, and garments, serving diverse domestic and international markets with innovative and customized textile solutions.

Contact Information:
FOR GLOBE ENTERPRISES (INDIA) LIMITED
(Formerly known as Globe Textiles (India) Limited)

Mr. Bhavin Parikh (CEO & CFO)
Email: ceo@globetextiles.net
Contact: 079-26441881

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Mumbai (Maharashtra) [India], November 13: Eco Recycling Limited (BSE: ECORECO), India’s pioneering and leading professional e-waste management company, has published its unaudited financial results for Q2 & H1 FY26. During the period under review, the company reported a standalone net profit of Rs 6.18 crore on a total income of Rs 14.48 crore in Q2 FY26. An increase in recycling capacity helped boost operating revenue.

Q2 FY26 Consolidated Key Financial Highlights:

• Total Income of ₹ 14.48 Cr
• EBITDA of ₹ 7.25 Cr
• EBITDA Margin (%) of 50.07%
• Net Profit of ₹ 5.60 Cr
• Net Profit Margin (%) of 38.67%
• EPS of ₹ 2.97

Q2 FY26 Standalone Key Financial Highlights:

• Total Income of ₹ 14.53 Cr
• EBITDA of ₹ 7.34 Cr
• EBITDA Margin (%) of 50.52%
• Net Profit of ₹ 6.18 Cr
• Net Profit Margin (%) of 42.53%
• EPS of ₹ 3.20

H1 FY26 Consolidated Key Financial Highlights:

• Total Income of ₹ 28.10 Cr
• EBITDA of ₹ 16.69 Cr
• EBITDA Margin (%) of 59.40%
• Net Profit of ₹ 13.69 Cr
• Net Profit Margin (%) of 48.72%
• EPS of ₹ 7.01

H1 FY26 Standalone Key Financial Highlights:

• Total Income of ₹ 26.74 Cr
• EBITDA of ₹ 15.41 Cr
• EBITDA Margin (%) of 57.63%
• Net Profit of ₹ 12.89 Cr
• Net Profit Margin (%) of 48.20%
• EPS of ₹ 6.68

Commenting on the performance, Mr B.K. Soni, Chairman & Managing Director of Eco Recycling Limited, said, “The second quarter of FY26 was an important phase for us, marked by steady growth, stronger operations, and a supportive policy environment. We expanded our total recycling capacity to 31,200 MTPA with the commissioning of a new 6,000 MTPA lithium-ion battery recycling facility at Vasai. What makes this expansion even more satisfying is that it was fully funded through internal accruals, reaffirming our commitment to a debt-free and self-sustaining growth path.

Our focus during the quarter remained on strengthening value-added segments such as refurbishment, IT asset disposition, data destruction, lamp recycling, and precious metal recovery. These areas are seeing rising participation from producers and enterprises under the EPR framework. On the consumer side, our BookMyJunk platform—appreciated by the Hon’ble Prime Minister in Mann Ki Baat—continues to build awareness about responsible collection and recycling.

The environment for organised recyclers is turning highly favourable. The Supreme Court’s ruling upholding the Polluter Pays principle has brought much-needed clarity and accountability in environmental enforcement. Alongside this, the government’s ₹1,500 Cr incentive scheme under the National Critical Mineral Mission has set the stage for large-scale investment in e-waste and lithium-ion battery recycling. These measures not only validate the importance of our industry but also open up significant growth opportunities for companies like ours that have built strong compliance and processing capabilities over the years.

Looking ahead, we are preparing to commission a mineral recovery facility focused on PCBs, hard drives, and lithium-ion batteries. This will help recover valuable metals such as cobalt, nickel, and manganese for domestic industries, reducing import dependence and contributing to India’s self-reliance in critical minerals. With expanding capacity, sound financial management, and increasing policy momentum, we are confident of continuing on our growth path while creating long-term value.”

Q2 FY26 Key Financial Highlights:

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Royale Impex sets new benchmarks in marble craftsmanship, design, and sustainability

New Delhi [India], November 13: Royale Marmo Galleria by Royale Impex marks a new era of luxury in the world of marble and natural stone. Located in the heart of Mumbai, this expansive destination spans over 12,000 sq ft with an inventory of 3.5 lakh square feet, making it one of the largest and most sophisticated marble galleries in India. It is a space where craftsmanship, scale, and design excellence come together to redefine what premium stone means in architecture and interior design.

The gallery offers an unparalleled collection of exquisite natural stones sourced from over 30 countries across the globe. With more than 300 colors and varieties available, each slab tells a story of timeless beauty, strength, and natural artistry. Every block of marble is handpicked to meet the highest standards of aesthetics and durability, catering to discerning architects, interior designers, developers, and luxury homeowners.

Royale Marmo Galleria by Royale Impex is not just a space to explore materials; it is an immersive experience. The gallery has been thoughtfully designed to allow clients to interact with the materials, understand their textures, and visualize how they bring life to both modern and classical spaces. The curated collection showcases everything from pristine Italian marble and exotic onyx to rare quartzite and travertine, ensuring a world-class range for every creative vision.

Behind the grandeur lies the legacy of Royale Impex, a brand built on decades of trust, quality, and innovation in the natural stone industry. With deep-rooted expertise and a passion for excellence, Royale Impex has earned its reputation as a leader in sourcing and supplying high-quality materials for prestigious residential, commercial, and hospitality projects across India and abroad.

The new gallery reflects this legacy through its state-of-the-art facilities and commitment to sustainability and ethical sourcing. Every process, from selection to display, is driven by precision, ensuring that each client experiences transparency, quality assurance, and personalized service.

Royale Marmo Galleria by Royale Impex is more than just a showroom. It is a celebration of nature’s artistry and human craftsmanship, a destination where stone becomes design and design becomes timeless. For those who seek the extraordinary, Royale Marmo Galleria stands as the ultimate expression of luxury, quality, and inspiration.

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Hyderabad (Telangana) [India], November 12: Punjab’s Industries & Commerce Minister, Sh. Sanjeev Arora, led a delegation comprising of Senior Officials of the Department of Investment Promotion, urged Hyderabad’s industrial fraternity to partner in Punjab’s fast-growing investment story during a high-level roadshow organized by Invest Punjab at Banjara Hills. The outreach is part of the build-up to the Progressive Punjab Investors’ Summit 2026, scheduled in March 13th to 15th at ISB Mohali.

The Minister highlighted Punjab’s transformation into a preferred business destination, driven by unified business policies, proactive governance, and time-bound clearances through the FastTrack Punjab Portal, one of India’s most advanced single-window systems. “Punjab is committed to offering a transparent, facilitative ecosystem for investors. The state has received significant investments of ₹1.37 lakh crore, creating half a million employment opportunities. We welcome Hyderabad’s visionary entrepreneurs to be part of our journey toward sustainable and inclusive growth,” he said.

The delegation held one-to-one meetings with leaders from Ceph Life Sciences, Vibrant Energy, ICFAI Foundation for Higher Education, TiE Global, Baba Group of Companies, Ellenbarrie Industrial Gases, Visakha Pharmacity (Ramky Group), and Bharat Electronics Limited (BEL). BEL discussed ways to strengthen its value chain in Punjab by onboarding MSMEs through Invest Punjab, enabling deeper industry participation in electronics manufacturing.

Earlier in the day, Shri Alla Ayodhya Rami Reddy, Founder Ramky Group and Member of Parliament (Rajya Sabha), also met Hon’ble Minister Sh. Sanjeev Arora and exchanged views on strengthening public-private collaboration and exploring opportunities in the manufacturing and infrastructure sectors.

At the evening session, Dr B. Partha Saradhi Reddy, MP (Rajya Sabha) and Chairman of Hetero Group, lauded Punjab’s governance model and said, “Punjab has immense potential in pharmaceuticals and transparent governance gives investors the confidence to expand.”

Prof. Dulal Panda, Director, NIPER Mohali, representing the National Institute of Pharmaceutical Education and Research, noted that “innovation, skill and research must go hand in hand. Punjab’s research ecosystem and government handholding can truly drive entrepreneurship and growth.”

Mr Abhijit Banerjee, MD, Linde India, appreciated Punjab’s seamless facilitation, saying their unit at Hi-Tech Valley, Ludhiana, benefited from “an advanced, paperless portal, stable infrastructure, and a supportive ecosystem that encourages expansion.”

Mr Varun Surekha, Hartex, remarked that “Governance in Punjab works with you, not above you—Invest Punjab’s proactive approach makes business easier and efficient.”

Mr Sudhakar Rao, Director, ICFAI Foundation for Higher Education, emphasised Punjab’s thriving academic ecosystem, noting that nearly one-fifth of ICFAI’s Hyderabad students come from Punjab and “the State’s education sector deserves to be showcased globally.”

Mr Anirudh Gupta, CEO of DCM Group of Schools, shared plans to develop Zen Alpha School for Young Entrepreneurs in Ludhiana, citing Punjab’s focus on education, skilled talent, and startup culture.

Speaking at the evening session, Hon’ble Minister Sh. Sanjeev Arora said, “Punjab is committed to offering the most facilitative and transparent ecosystem for investors. Through our unified single-window system and reformed industrial policies, we are ensuring faster clearances and a responsive administration. Under the recent reforms of the Right to Business Act, approvals for industries located inside approved industrial parks will be granted within five working days, while all other industries not yet covered under the Act will receive approvals within forty-five working days through the FastTrack Punjab Portal. The participation of leading industrial houses in Hyderabad today reflects the growing national confidence in Punjab’s vision of sustainable and inclusive industrial growth.”

The Hyderabad outreach follows the successful Bengaluru, New Delhi, Gurugram roadshows and marks another step toward engaging high-quality investors across India to promote Punjab as North India’s most progressive and investor-friendly destination.

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Reflecting operational discipline and continued scalability within its business framework.

New Delhi [India], November 13:  Colab Platforms, a Diversified Technology Company, has announced its exceptional financial results for the quarter and half-year ended September 30, 2025, reporting revenue of ₹4,139.17 lakh, a 7625% year-on-year growth. The company delivered another quarter of strong growth and profitability, underscoring its execution capabilities, effective cost discipline, and growing market traction across its Technology offerings.

During the second quarter of FY26, Colab platforms recorded consolidated revenue of ₹4,139.17 lakh, representing a 7,625% year-over-year growth from ₹53.58 lakh in Q2 FY25. Net profit stood at ₹154.63 lakh, marking a 221% year-on-year rise from ₹48.16 lakh in the corresponding period of the previous year. On a quarter-on-quarter basis, revenue grew 79% from ₹2,306.28 lakh in Q1 FY26, while net profit rose 29% from ₹120.25 lakh, underscoring consistent improvement in both topline and profitability. The company maintained strong financial momentum through the quarter, demonstrating operational discipline and continued scalability within its business framework.

For the six months ended September 30, 2025, Colab reported revenue of ₹6,445.45 lakh, an exceptional 7,475% year-on-year increase compared to ₹85.09 lakh in the six months ended in FY25. Net profit rose sharply to ₹274.9 lakh, up 290% year-on-year from ₹70.4 lakh in the corresponding period of the previous year. These results underscore the company’s strong year-over-year performance and its continued commitment to developing a resilient and growth-oriented business model.

“Our second-quarter performance highlights the strength of our scalable business architecture and our disciplined approach to growth. The consistent improvement in topline and profitability reflects the growing traction of our integrated technology ecosystem across multiple high-growth domains. As we continue to innovate and expand our reach, we remain committed to sustainable value creation for our shareholders and stakeholders.” Said Puneet Singh, Managing Director of Colab Platforms Limited.

Looking ahead, Colab Platforms intends to reinforce its market position through sustained investments in product innovation, deep technology, and digital transformation capabilities. The company aims to build leadership across emerging high-growth technologies, following its strategic ventures into semiconductors, artificial intelligence, blockchain, fintech, drones, and esports.

By integrating these multiple verticals within a unified ecosystem, Colab Platforms is positioning itself as a next-generation technology conglomerate aligned with India’s innovation-driven growth vision. The company’s forward-looking strategy focuses on leveraging advanced technologies to create cross-sectoral synergies, strengthen data capabilities, and capture new opportunities across both enterprise and consumer markets.

About Colab Platforms

Colab Platforms Limited is a diversified technology, sports and digital ventures company focused on building integrated ecosystems spanning esports, physical sports infrastructure, Sporting events, influencer collaborations, and digital content delivery. With a vision to strengthen India’s sports and youth economy, Colab is creating sustainable value across multiple verticals.

Website: www.colabplatforms.com.

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MoU signed between SPRE and BOSCH Car Service for Xpress Car Care at The Dualis.

New Delhi [India], November 13: Shapoorji Pallonji Real Estate (SPRE), one of India’s most trusted real estate developers, has announced a strategic partnership with BOSCH Car Service, facilitated by their authorised service centre, Multibrand Expert Solutions, through a Memorandum of Understanding (MoU) to establish and operate an Xpress Car Service Centre within The Dualis, SPRE’s luxury residential project in Sector 46, Gurugram.

Under this collaboration, BOSCH Car Service, through its authorised partner, will set up a fully equipped multi-brand car care facility on the premises of The Dualis. While SPRE will provide the required infrastructure and essential utilities, BOSCH Car Service will deploy its advanced diagnostic technology, certified technicians, and globally recognised service expertise to manage all service operations.

The initiative is designed to offer residents of The Dualis a seamless and premium car care experience by integrating professional maintenance, diagnostics, repairs, and detailing within their residential environment. Residents will benefit from convenient booking options, express turnaround times, exclusive discounts, and annual service packages curated especially for them. In addition, BOSCH Car Service will conduct periodic car health check camps and awareness drives to ensure a holistic and proactive approach to vehicle care.

Commenting on the collaboration, Mr Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and Managing Director of Joyville Shapoorji Housing, said, “At SPRE, our vision extends beyond creating exceptional homes. We aim to build communities that bring together comfort, convenience, and innovation in everyday living. The partnership with BOSCH Car Service is a step in that direction as it redefines lifestyle convenience by integrating world-class automotive services into the residential experience. With the Xpress Car Service Centre at The Dualis, residents will enjoy the ease and assurance of professional car care right at their doorstep.”

The partnership between SPRE and BOSCH Car Service marks a pioneering step in merging mobility convenience with luxury living. It is a testament to SPRE’s ongoing dedication to providing experiences that add value and pushing the boundaries of integrated community living. The Xpress Car Service Centre at The Dualis is expected to set a new benchmark in residential automotive care, enhancing the everyday experience of urban homeowners.

Link to the website: https://shapoorjirealestate.com/

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Chennai (Tamil Nadu) [India], November 12: Basilic Fly Studio Limited (BFS), a pioneering force in the world of visual effects (VFX), renowned for creating immersive and high-impact visual experiences, today has announced its unaudited financial results for Q2 & H1 FY’26.

BFS concluded H1 FY ‘26 with outstanding financial and operational milestones, achieving a 2.5x revenue growth YoY to ₹190.5 Cr (vs ₹77.4 Cr in H1 FY ’25), alongside a 107.0% increase in EBITDA and 117.1% surge in PAT. New wins drive India business growth, & Overseas business growth is driven by full 6 months consolidation in the current year vs 2 months in the last year H1 (Acquisition by the end of Jul 24)

₹85 Cr raised via QIP (Sep ’25) is fueling the next phase of growth via AI advancement, technology investment and organic growth initiatives. After successfully completing phase 1 of the tech integration in March 2025, phase 2 integration is in full swing. Onboarded 4 Senior leadership roles in Business development (Adrian, Audrey, Marianne, & Theresa) & 5 Ops leadership roles (Global Ops head, Head of Studio India, HOP India, HOD Tracking, & Head of Technology) to drive growth across India & overseas business. Focused on leveraging cost arbitrage, the delivery started, and a new Bengaluru branch was proposed ahead of schedule.

Key Consolidated Financial Highlights- ₹ Crore

Q2 FY26 Performance

• Total Income of ₹95.1 crore, YoY growth of 64.8%
• EBITDA of ₹21.0 crore, YoY growth of 106.9%
• EBITDA Margin (%) at 22.1%, YoY improvement of 449 bps
• PAT of ₹14.7 crore, YoY growth of 166.7%
• PAT Margin (%) at 15.4%, YoY improvement of 589 bps
• EPS of ₹6.0, YoY growth of 135.7%
• DSO reduced by 40 days YoY to 100 days
• Cash Surplus of ₹48.3 crore vs. Net Debt of ₹(8.5) crore in Q2 FY25 — an improvement of ₹66.9 crore
• Cash flow from operations stood at ₹(17.1) crore, compared to ₹3.0 crore in H1 FY25

H1 FY26 Performance

• Total Income of ₹190.5 crore in H1 FY26, YoY growth of 146.3%
• EBITDA of ₹38.7 crore, YoY growth of 107.0%
• EBITDA Margin (%) at 20.3%, YoY decline of 386 bps
• PAT of ₹26.8 crore, YoY growth of 117.1%
• PAT Margin (%) at 14.0%, YoY decline of 189 bps
• EPS of ₹10.2, YoY growth of 104.5%
• DSO reduced by 98 days YoY to 92 days
• Cash Surplus of ₹48.3 crore vs. Net Debt of ₹(18.5) crore in H1 FY25 — an improvement of ₹66.9 crore
• Cash flow from operations stood at ₹(17.1) crore, compared to ₹3.0 crore in H1 FY25

H1 FY’26 Highlights – Consol

• Revenue: ₹190.5 Cr (+146.3% YoY) – Growth across geographies
• EBITDA: ₹38.7 Cr (+107.0% YoY) – More Growth in high-margin India business.
• PAT: ₹26.8 Cr (+117.1% YoY) – India Standalone H1’26 PAT of ₹ 17.2 Cr, vs last FY’25 ₹ 18.3 Cr (94% of last year achieved in H1’26)
• Days Sales Outstanding (DSO) at 92 days as of H1 FY ’26, an improvement of 98 days from H1 FY ’25, reflecting better collection efficiency.
• A substantial net cash surplus (Cash – Total Debt) position, achieved by raising ₹85 Cr in the QIP fund in Sep, positions the company to drive the next phase of growth through inorganic acquisitions, investments in business development roles & tech to drive organic growth.
• Cash flow is -ve due to an increase in working capital by “No dues debtors- ₹ 29.8 Cr” by higher volumes towards the end of H1.

Commenting on the performance, Mr Balakrishnan, Managing Director & CEO of Basilic Fly Studio Limited, said: 

“The first half of FY26 marked an intense phase of growth and consolidation for Basilic Fly Studio. We delivered strong financial results, with over 2.5 times year-on-year revenue growth, resulting in robust EBITDA & PAT. Growth was driven by improved volumes and new wins for the India business, as well as strategic integration with our global subsidiary, One of Us. We continued to strengthen our global delivery network, expand client partnerships, and enhance our creative and technical capabilities. The business maintained healthy momentum with a growing project pipeline and new global mandates, including another significant engagement with Netflix. The appointment of Adrian De Wet as Visual Effects Supervisor and Creative Director in Los Angeles further reinforces our leadership depth as we scale operations across North America through One of Us.

This performance highlights the growing trust of leading production houses, including Netflix, Disney, Amazon, and HBO, as well as the strength of our technology-led creative network. As the global content ecosystem accelerates, we continue to invest in AI-driven production workflows, scalable talent, and global capacity expansion across India, Europe and North America. With our integrated, innovation-first model, Basilic Fly Studio is well-positioned to sustain momentum and create long-term value for our shareholders and partners.

Looking ahead, our focus is on scaling talent, expanding global capacity, and deepening our technology investments. We plan to significantly increase our artist base, strengthen our presence across the UK, Europe, Canada, and the US, and diversify into gaming cinematics and immersive content. Under Vision 2026–27, we aim to build a truly multi-location, AI-augmented VFX network that combines creative excellence, advanced automation, and global delivery strength to drive sustainable growth and long-term value creation.”

Disclaimer: This press release is for informational purposes only and does not constitute financial advice.

Mumbai (Maharashtra) [India], November 12: Maiden Forgings Limited (MFL), one of the leading manufacturers of bright steel bars and wires, is pleased to announce that it has been officially registered with the Centre for Military Airworthiness & Certification (CEMILAC), DRDO Bengaluru, under the Ministry of Defence, Government of India.

This certification marks another important milestone in MFL’s journey as it reinforces the company’s credentials in the defence manufacturing ecosystem. With this registration, MFL is now eligible to supply products for use in defence applications, thereby strengthening its participation in India’s growing indigenous defence supply chain.

Commenting on this Achievement, Mr Nishant Garg, Managing Director of Maiden Forgings Limited, said, “We are honoured to receive registration from CEMILAC, which is a key recognition of our manufacturing and quality capabilities. This certification validates our commitment to excellence, precision, and reliability, essential traits for serving critical defence and aerospace requirements. It opens new opportunities for us to collaborate with defence establishments and contribute to India’s self-reliance mission under Atmanirbhar Bharat.”

The certification from CEMILAC will enable us to expand our presence in the Business-to-Government (B2G) and defence sectors, building upon its existing supplier registration with the Ordnance Factory Board (OFB). Together, these recognitions underscore our focus on diversification into high-value, technology-intensive domains and its alignment with national priorities of strengthening indigenous manufacturing.”

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