Category: Business

  • Sathlokhar Synergys E&C Global Limited Registers Stellar FY26 Performance as Total Income Rises 121% YoY to Rs 824 Cr and PAT Surges 141% YoY to Rs 82 Cr

    Sathlokhar Synergys E&C Global Limited Registers Stellar FY26 Performance as Total Income Rises 121% YoY to Rs 824 Cr and PAT Surges 141% YoY to Rs 82 Cr

    Chennai (Tamil Nadu) [India], June 3: Sathlokhar Synergys E&C Global Limited (NSE: SSEGL), one of the leading EPC players, providing end-to-end turnkey execution across statutory approvals, design, civil works, PEB structures, MEP systems, solar installations, and interior fit-outs, has announced its Audited Financial Results for Q4 & FY26.

    Key Financial Highlights 

    Q4 FY26 Key Financial Highlights Q4 FY26

    • Total Income of ₹ 278.66 Cr, YoY growth of 48.33%
    • EBITDA of ₹ 43.95 Cr, YoY growth of 105.32%
    • EBITDA Margin of 15.77%, YoY growth of 438 Bps
    • PAT of ₹ 30.26 Cr, YoY growth of 64.59%
    • PAT Margin of 10.86%, YoY growth of 107 Bps
    • EPS of ₹ 12.16, YoY growth of 45.11%

     FY26 Key Financial Highlights FY26

    • Total Income of ₹ 823.56 Cr, YoY growth of 121.30%
    • EBITDA of ₹ 117.88 Cr, YoY growth of 129.21%
    • EBITDA Margin of 14.31%, YoY growth of 49 Bps
    • PAT of ₹ 82.32 Cr, YoY growth of 141.03%
    • PAT Margin of 10.00%, YoY growth of 82 Bps
    • EPS of ₹ 33.08, YoY growth of 112.32%

    Order Book Snapshot

    • Work to be executed: ₹715 Cr (Excluding GST) as of 28th May 2026
    • Bid Pipeline: ₹19,831 Cr as of 28th May 2026

    Operational Highlights Q4 FY26

    Secured Highest Category Class 1A PWD Registration Eligible to bid for large value government infrastructure and civil works projectsStrengthens technical recognition and competitive positioning in the public infrastructure segmentExpected to enhance project pipeline visibility and support long term order book growth
    Laid the Foundation for Large-Scale PEB Manufacturing Expansion Foundation stone laid on 28th January 2026, with inauguration planned on 30th August 2026Facility will support both captive consumption and third party demand, strengthening backward integration capabilitiesPlans to establish 5 to 6 PEB manufacturing units across India over the next five yearsExpected to improve delivery timelines, strengthen supply chain control, and reduce dependency on external vendors
    Key Order Received in Q4 FY26 APM Terminals India Private Limited: Execution of Civil, PEB and MEP Works for ₹ 23.57 Cr
    Elite Natural Private Limited: Execution of Civil and PEB works for ₹ 13.82 Cr

    Commenting on the financial performance, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited, said, “We are delighted to report an exceptional performance for FY26, marked by Total Income of ₹823.56 Cr, reflecting strong growth of 121.30%, while PAT increased by 141.03% to ₹82.32 Cr. The year has been a defining milestone for the Company, driven by robust execution across projects, consistent order inflows, and strong demand across our business segments. During the year, we achieved record order inflows supported by our strong execution capabilities, timely project delivery, and growing customer confidence. Our Work to be executed stands at over ₹715 Cr (Excluding GST), while our strong bid pipeline of more than ₹19,831 Cr provides healthy growth visibility for the coming periods.

    During the quarter, we secured the highest category Class 1A PWD Registration, significantly enhancing our eligibility for large-scale government infrastructure and civil projects. We also laid the foundation for our large-scale PEB manufacturing expansion, which is expected to strengthen backward integration, improve supply chain efficiencies, and support future execution scale-up. Further, we secured key project wins from reputed clients, including APM Terminals India Private Limited and Elite Natural Private Limited, further strengthening our project portfolio and execution visibility.

    Looking ahead, we remain optimistic about the opportunities emerging across infrastructure, industrial, warehousing, and PEB segments, supported by increasing investments and strong sectoral demand. We will continue to focus on strengthening our execution capabilities, expanding manufacturing infrastructure, and securing quality orders across diversified sectors to drive sustainable long-term growth.”

    The standalone financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down under the Indian Accounting Standards (“Ind AS”) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder, other accounting principles generally accepted in India, and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

    The financial results for the quarter and year ended March 31, 2026, represent the first financial results of the Company prepared in accordance with Ind AS. The Company has adopted Ind AS with effect from April 1, 2025, with April 1, 2024, being the transition date. Accordingly, the comparative financial information for the quarter and year ended March 31, 2025, has been restated in compliance with Ind AS 101 – First-time Adoption of Indian Accounting Standards.

    For certain contracts, advances received from customers before the incurrence of related project costs are recognised as contract liabilities and are subsequently adjusted against revenue upon the incurrence of costs and satisfaction of the related performance obligations in accordance with the Company’s accounting policies.

    Pursuant to the adoption of Ind AS, the balances appearing in the Balance Sheet and Statement of Profit and Loss have been restated. Consequently, certain line items and financial metrics for the current and comparative periods may not be directly comparable with those previously reported under the earlier accounting framework.

    About Sathlokhar Synergys E&C Global Limited

    Sathlokhar Synergys E&C Global Limited, founded in 2013 by Mr. G. Thiyagu (MD) and Mrs. Sangeethaa Thiyagu (COO), is a Chennai-based EPC company delivering integrated, turnkey infrastructure solutions across industrial, warehousing, institutional, commercial, and healthcare sectors in India. Its in-house capabilities span civil construction, PEB structures, MEP systems, solar EPC, surveillance, and statutory approvals, offering clients a complete “one stop solution.”

    The company’s strength lies in its integrated design ecosystem, which streamlines architectural, structural, PEB, and MEP services to optimize cost and timelines. Sathlokhar Synergys is trusted by over 24 international clients from regions including the USA, Japan, EU, Sri Lanka, Vietnam, and Taiwan, along with Indian corporates such as the Reliance Group and Muthiah Beverages.

    With over 82 projects completed, the company has earned a reputation for delivering technically demanding assignments swiftly and efficiently, highlighted by the delivery of a 47-acre facility for Muthiah Beverages in just eight months. It is ISO certified, a government-approved “A Grade” HT & LT electrical and MEP contractor, and an authorized Tata Power Solar channel partner.

    Following its IPO, the company has expanded to 678 employees and over 5,550+ labourers, enabling nationwide scalability. Backed by a robust project pipeline and strong client relationships, Sathlokhar Synergys is well-positioned to capitalize on India’s infrastructure growth, combining innovation, operational excellence, and sustainability to deliver long-term value.

    In FY26, Sathlokhar Synergys E&C Global Limited reported a Total Income of ₹823.56 Cr, an EBITDA of ₹ 117.88 Cr, and a PAT of ₹ 82.32 Cr.

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  • Designed for royalty: The Crown Collection by Mayfair Housing elevates township living in Virar with a luxurious touch

    Designed for royalty: The Crown Collection by Mayfair Housing elevates township living in Virar with a luxurious touch

    Mumbai (Maharashtra) [India], June 03: Mayfair Housing, one of Mumbai’s most trusted developers backed by six decades of legacy, has announced their latest offering that will further raise the bar for residential real estate in the city. The Crown Collection at Mayfair Virar Gardens will bring together spacious layouts, contemporary comforts and elevated design to offer homeowners all the conveniences of township living with an added layer of intentional sophistication.

    • The Crown Collection at Mayfair Virar Gardens will offer even more spacious layouts and an assortment of curated lifestyle amenities
    • It will build on the township’s hallmarks of connectivity, community and convenience to offer residents an even more elevated quality of life
    • The signature 1 and 2 BHK residences will be housed in elegant 22-storey towers, estimated to be Virar West’s most eagerly anticipated residential landmarks

    As the first movers in recognising the tremendous potential for planned townships in a vibrant locality such as Virar West, Mayfair Housing is now introducing the next evolution in this space through their new launch. The Crown Collection will build on Mayfair Virar Garden’s mature ecosystem of connectivity, community and convenience with even more spacious layouts, superior design and a bouquet of modern amenities. This combination is representative of the growing aspirations of homebuyers, who seek spaces that go beyond pure functionality and enhance their quality of life.

    Commenting on the launch, Mr. Aditya N. Shah, Joint managing director of Mayfair Housing, said: “Our approach to development is firmly rooted in our keen understanding of the changing needs and wants of modern homebuyers. While the preference of community-orientated township living remains strong in micro-markets such as Virar West, buyers are now seeking homes that go beyond function and seamlessly integrate form and flexibility. This understanding led us to ideate The Crown Collection as our ode to the evolved homeowner. The project leverages our experience and expertise in building successful township projects and integrates our signature approach to luxury in a never-before combination.”

    The Crown Collection is hailed for its signature 1 and 2 BHK residences, which has been thoughtfully designed to cater to the demands of urban lifestyles with a community-first focus. The elegant 22-storey towers will anchor the property as landmarks of taste and refinement, while also lavishing residents with lifestyle amenities that upgrade their daily routine. The project features exclusive lifestyle amenities designed for residents.

    The property is situated in Bolinj, within the premium micro-market of Virar West, offering excellent connectivity and a well-developed residential ecosystem. with the  Virar bus depot and railway station just 5 minutes away and the Virar-Nalasopara Link Road accessible within 4 minutes, residents enjoy seamless connectivity across the Western suburbs. The project is also surrounded by reputed schools, healthcare facilities, shopping destinations, entertainment hubs and everyday conveniences, ensuring a comfortable and well-connected lifestyle.

    Further strengthening the region’s future infrastructure landscape such as the Thane – Borivali twin tunnel, Delhi-Mumbai Expressway, Mumbai-Ahmedabad Bullet Train corridor, Virar-Alibaug Multimodal Transport Corridor and Vasai-Bhayandar Double Decker Bridge, Vadhavan Port and Proposed Palghar Airport, Metro Line 13 and the Virar-Versova Sea Link are expected to significantly enhance regional connectivity and overall urban growth

    As a pioneering real estate developer, Mayfair Housing has been instrumental in developing spaces that have become landmarks anchoring the city’s residential and commercial fabric. They have delivered more than 1 cr. sq. ft of development and 50 lakh sq. ft of TDR, while providing homes to over 10,000 families. With over 100 projects completed, 25+societies redeveloped and 100 percent of projects successfully delivered with Occupation Certificates, Mayfair Housing has built a reputation of timely delivery and integrity. From premium residential towers to affordable housing, Mayfair Housing has made a huge imprint on the city’s skyline with marquee developments.

    About- Mayfair Housing is your true partner in creating excellent living spaces in Mumbai bustling metropolis. We go beyond building landscapes with an uncompromising commitment to our customers, crafting spaces that represent our enthusiasm for your ideas and aspirations. Our journey focuses on long-term commitment with our clients, where every base is set firmly and every commitment is kept. Mayfair Housing believes that building homes is synonymous with building happiness, and our practices based on integrity ensure that your investment thrives as a lasting tribute to our dedication.

    For more information – https://mayfairhousing.com/

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  • Srinibas Pradhan Constructions Limited Reports Strong H2 & FY26 Performance; H2 EBITDA and PAT Margins Expand by 481 Bps and 346 Bps

    Srinibas Pradhan Constructions Limited Reports Strong H2 & FY26 Performance; H2 EBITDA and PAT Margins Expand by 481 Bps and 346 Bps

    Bhubaneswar (Odisha) [India], June 03: Srinibas Pradhan Constructions Limited (SPCON) (NSE: SPCON), one of the leading infrastructure-focused EPC company engaged in roads & highways, bridges, industrial projects, and civil construction works, had declared its Audited Financial Results for H2 FY26 & FY26.

    Consolidated Financial Highlights

    FY26 Financial Highlights

    • Revenue of ₹ 9,030.24 Lakhs, YoY growth of 0.64%
    • EBITDA of ₹ 1506.53 Lakhs, YoY growth of 15.47%
    • EBITDA Margin of 16.68%, YoY expansion of 214 Bps
    • PAT of ₹ 821.02 Lakhs, YoY growth of 24.62%
    • PAT Margin of 9.09%, YoY expansion of 175 Bps
    • EPS of ₹ 13.33, YoY growth of 17.55%

    H2 FY26 Financial Highlights

    • Revenue of ₹ 4,467.28 Lakhs, decline of 17.74%
    • EBITDA of ₹ 738.39 Lakhs, YoY growth of 16.03%
    • EBITDA Margin of 16.53%, YoY expansion of 481 Bps
    • PAT of ₹ 410.17 Lakhs, YoY growth of 32.13%
    • PAT Margin of 9.18%, YoY expansion of 346 Bps
    • EPS of ₹ 6.66, YoY growth of 24.72%

    Note: Total Income includes both Revenue from Operations and Other Income.
                EBITDA and PAT (%) are calculated based on Total Income.

    Commenting on the performance, Mr. Srinibas Pradhan, Managing Director of Srinibas Pradhan Constructions Limited, said: “We are pleased with our performance during H2 FY26, wherein despite a moderation in revenue, we delivered strong profitability growth driven by improved project execution, operational efficiencies, and disciplined cost management. 

    We also strengthened our project portfolio through our wholly owned subsidiary, Srinibas Pradhan Infra Private Limited, by securing L1 status for a road construction project in Jharsuguda, Odisha and receiving a purchase order from NTPC Limited for infrastructure development works at DSTPP Stage-II. These project wins further reinforce our capabilities in road infrastructure, industrial development, and government-led projects while enhancing our execution visibility.

    Going forward, we remain focused on strengthening our order pipeline, improving execution efficiency, and expanding our presence across key infrastructure segments. With a healthy project portfolio, growing opportunities in public infrastructure spending, and a strong execution track record, we are confident of creating sustainable value for all stakeholders and driving long-term growth.”

    Consolidated Operational Highlights 

    Receipt of L1 Status for Road Construction Project in Jharsuguda, Odisha Received L1 status from CCE RW Circle, Sundargarh through wholly owned subsidiary, Srinibas Pradhan Infra Private Limited for road construction project for Limidihi PWD Road to Machida via Rengali, Sukulpali, and Nuadihi in Jharsuguda district under MMSY-TRIP for the year 2025-26Project order value stands at approximately ₹4.19 croreStrengthens execution portfolio in road infrastructure development projects in OdishaReinforces Company’s presence in government infrastructure projects and regional connectivity initiatives
    Receipt of NTPC Purchase Order for DSTPP Stage-II Received purchase order from NTPC Limited through wholly owned subsidiary, Srinibas Pradhan Infra Private LimitedSecured contract for construction of Connecting Road to Proposed Labour/Material Entry Gate for DSTPP Stage-IProject order value stands at approximately ₹8.22 croreExecution timeline scheduled from May 21, 2026 to November 20, 2026Further strengthens presence in industrial and infrastructure development projects with reputed public sector enterprises
    Key P.W.D. Registrations Srinibas Pradhan Constructions Limited has been upgraded from B Class to A Class P.W.D. Contractor by the Works Department, Bhubaneswar, Odisha.Wholly-owned subsidiary “Srinibas Pradhan Infra Private Limited” has been upgraded from A Class to Special Class P.W.D. Contractor.These upgraded registrations enhance the Group’s eligibility to bid for and execute larger and higher-value infrastructure projects.The certifications strengthen the Company’s ability to participate in premium government tenders, supporting future order inflows and revenue growth.Both certificates are valid until March 31, 2028.

    About Srinibas Pradhan Constructions Limited (SPCON)

    Srinibas Pradhan Constructions Limited (SPCON) is an infrastructure-focused EPC company engaged in roads & highways, bridges, industrial projects, and civil construction works. With over two decades of industry experience, the company has built a strong presence through efficient execution, technical expertise, and long-standing relationships with government departments and institutional clients.

    The company’s structure includes its wholly owned subsidiary, Srinibas Pradhan Infra Private Limited, a PWD Special Class Contractor in Odisha, while SPCON operates as a PWD Class A Contractor. This enables participation across a broader range of government tenders while retaining existing contractor qualifications. SPCON is also certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards.

    SPCON operates with an integrated business model supported by in-house construction capabilities, owned machinery, and quality-control infrastructure. The company maintains operational efficiency through backward integration and on-site testing facilities, ensuring better execution control and quality standards.

    The transition into a public limited company and listing on the NSE Emerge platform in 2026 marked a key milestone in the company’s growth journey. In FY26, SPCON reported consolidated total income of ₹9,030.24 lakhs, EBITDA of ₹1,506.53 lakhs, and PAT of ₹821.02 lakhs.

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  • My Interior Designers Brings Clarity to Bangalore’s Interior Search Journey

    My Interior Designers Brings Clarity to Bangalore’s Interior Search Journey

    Bengaluru (Karnataka) [India], June 03: In a city like Bangalore, where every neighbourhood carries a distinct rhythm and every space is expected to do more, the search for the right interior designer has become one of the most important decisions for homeowners, business owners, office planners, and growing brands. People no longer want interiors that merely look attractive. They want spaces that reflect personality, purpose, comfort, and practicality. Yet the journey of finding the right professional has often remained scattered, uncertain, and exhausting.

    That is where My Interior Designers is making a meaningful difference.

    With its clear brand promise — Connecting You to Trusted Interior Designers — the platform is responding to a problem that Bangalore has quietly lived with for years. People looking for the right design support often find themselves navigating fragmented search results, random recommendations, incomplete information, and disconnected contacts. What should feel like an exciting beginning often turns into a time-consuming and confusing process.

    My Interior Designers is changing that experience by offering a more focused and dependable way to discover Interior Designers in Bangalore. Instead of being just another online presence, it is shaping itself as a relevant platform where people can explore designers, firms, consultants, and related experts with greater clarity. In a city where design expectations are growing rapidly, that shift matters.

    Bangalore is not a one-style city. A compact apartment in Electronic City, a villa in Sarjapur, a premium office in Indiranagar, or a commercial setup in Koramangala will each demand a different design language, planning approach, and execution mindset. This is why people are no longer searching casually. They are actively comparing the Best Interior Designers in Bangalore, studying the Top 10 Interior Designers in Bangalore, and trying to identify Top Interior Designers in Bangalore who can align with their vision and budget.

    What makes My Interior Designers notable is that it understands this search behaviour. It does not treat design discovery as a simple listing exercise. It recognises that when people begin with a List of Interior Designers in Bangalore, what they are truly seeking is not just names — they are seeking trust, fit, and confidence. That is where the platform adds value. It helps make the process of discovering Interior Designers in Bangalore feel more structured, more purposeful, and more relevant to real needs.

    The platform is equally significant for the design ecosystem itself. In a city as dynamic and competitive as Bangalore, visibility can shape opportunity. For firms, consultants, studios, and independent professionals, being discovered by the right audience has become essential. My Interior Designers creates a stronger pathway for design professionals and businesses associated with interiors to reach people who are actively exploring the Best Interior Designers in Bangalore and comparing the Top Interior Designers in Bangalore for serious projects.

    Importantly, the platform also reflects how modern Bangalore browses. People no longer spend long hours reading through cluttered pages. They scan quickly, compare meaningfully, and expect relevance at speed. They want a dependable List of Interior Designers in Bangalore that leads to better decisions. They want access to Interior Designers in Bangalore through a platform that feels active, useful, and city-aware. They want to review the Top 10 Interior Designers in Bangalore without feeling lost in the noise of generic online discovery.

    This is why My Interior Designers is tapping into something larger than a market category. It is responding to an urban shift. In Bangalore, interiors are increasingly seen as extensions of identity, lifestyle, brand presence, and everyday experience. Choosing from among the Best Interior Designers in Bangalore is no longer just about aesthetics; it is about selecting a design partner who can shape how people live, work, and present themselves.

    That relevance gives My Interior Designers a deeper resonance. It is not merely presenting options; it is helping Bangalore move towards more confident design choices. It is also creating a stronger presence for the professionals who aspire to be counted among the Top 10 Interior Designers in Bangalore and the Top Interior Designers in Bangalore in a city where quality and visibility now go hand in hand.

    At the heart of this journey lies a phrase that captures the platform’s intent beautifully: Where Your Space Finds Its Designer. It is more than a line. It reflects the emotional and practical reality of what people in Bangalore are actually looking for — not just a service provider, but the right creative fit for a space that matters.

    As Bangalore continues to evolve, the expectations from its homes, workplaces, and commercial interiors will only grow sharper. In that changing landscape, My Interior Designers is steadily building a more trusted bridge between aspiration and expertise. And that may well be the kind of clarity the city has been waiting for.

    My Interior Designers
    Connecting You to Trusted Interior Designers
    Where Your Space Finds Its Designer

    Contact:

    Mob: +91 9964211226

    Website: https://myinteriordesigners.com/

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  • Rajputana Stainless Limited Crosses Rs. 1,000 Crores Revenue Milestone; FY-26 PAT rises 25.01% Y-O-Y to Rs. 49.82 crore

    Rajputana Stainless Limited Crosses Rs. 1,000 Crores Revenue Milestone; FY-26 PAT rises 25.01% Y-O-Y to Rs. 49.82 crore

    FY26 Net Profit rises 25.01% Y-o0-Y to Rs. 49.82 crore; Revenue from Operations crosses Rs. 1,000
    crore mark

    Vadodara (Gujarat) [India], June 03: Rajputana Stainless Limited, a leading stainless steel manufacturer, announced its audited financial results for the quarter ended 31st March 2026, reporting stable operational performance. It reported net profit of Rs. 49.82 crore for the financial year ended 31 March 2026 as compared to the net profit of Rs. 39.85 crore in FY25, registering a growth of 25.01% Y-o-Y. Revenue from Operations for FY26 was reported at Rs. 1006.96 crore as compared to revenue of Rs. 931.93 crore reported in FY25, registering a growth of 8.05% Y-o-Y.

    Hiqhliqhts:-

    • FY26 Revenue from Operations stood at Rs. 1006.96 crore, registering a growth of 8.05% Y-o-Y
    • FY26 Net Profit increased 25.01% Y-o-Y to Rs. 49.82 crore
    • Profit Before Tax for FY26 rose to Rs. 66.35 crore as against Rs. 54.63 crore in FY25
    • Q4FY26 Revenue from Operations reported at Rs. 254.91 crore, up 2.82% Y-o-Y
    • Q4FY26 Net Profit stood at Rs. 13.10 crore, registering a growth of 58.47% Y-o-Y
    • Board recommended final dividend of 5% of Face Value i.e. Rs. 0.50 per equity share for FY26

    The company reported a profit before tax of Rs. 66.35 crores for the year ended (FY26) in March 2026 as against profit before tax of Rs. 54.63 crore in FY24-25. Board recommended final dividend of 5% of Face Value i.e. Rs. 0.50 per equity share for FY26.

    Commenting on the performance, Mr. Shankarlal D. Mehta, Chairman & Managing Director, Rajputana Stainless Limited, said, “The strong performance in FY26 reflects our consistent focus on operational excellence, disciplined growth, and efficient execution across the business. During the year, the Company delivered healthy growth in profitability and revenue, supported by improved efficiencies, robust demand, and a strengthened market presence. Demand from engineering, wire, fastener, and infrastructure-linked industries remained healthy during the year, supporting volume growth and improved realizations. We believe our strategic approach, quality-driven manufacturing capabilities, and prudent financial management continue to position us strongly for sustainable long-term growth. Going ahead, we remain focused on enhancing capacities, driving value-added offerings, and creating long-term value for all stakeholders.”

    FY26 was also a landmark year for the Company with the successful completion of our IPO, strengthening our capital base, and enhancing our visibility in the capital markets.

    Highlights:-Q4 FY26 Results

    For Q4FY26, the company reported a consolidated net profit of Rs. 13.10 crore as compared to the net profit of Rs. 8.27 crore in Q4FY25, registering a growth of 58.47% Y-o-Y. Revenue from Operations for Q4FY26 was reported at Rs. 254.91 crore as compared to revenue of Rs. 247.91 crore reported in Q4FY25, growth of 2.82% Y-o-Y.

    The Board of Directors, at its meeting held on May 25, 2026, approved the audited financial results and audited financial statements for the quarter and financial year ended March 31, 2026, along with the Statutory Auditor’s Report. The Board has also recommended a final dividend of 5% on face value, translating to Rs. 0.50 per equity share of face value Rs. 10 each for FY26, subject to shareholders’ approval. Further, the Company submitted the Monitoring Agency Report for the quarter ended March 31, 2026, pertaining to its IPO issue aggregating Rs.

    178.73 crore, in compliance with the applicable SEBI (ICDR) Regulations.

    About Rajputana Stainless Limited

    Rajputana Stainless Limited is one of India’s leading stainless-steel manufacturers with over three decades of experience in the steel industry. Headquartered in Gujarat, the company specializes in manufacturing and marketing a wide range of stainless steel long and flat products, including billets, forging ingots, round bars, bright bars, square bars, hex bars, wire rods, flat bars, and round cornered squares. The company operates an integrated manufacturing facility at Halol-Kalol Road, Panchmahal, equipped with advanced steel melting, hot rolling, heat treatment, and cold finishing capabilities. Rajputana Stainless caters to diverse sectors such as automotive, engineering, seamless pipes, fasteners, wire manufacturing, pumps, shafts, and utensil manufacturing, while also maintaining a growing presence in international markets, including the UAE, USA, Portugal, South Africa, Turkey, Kuwait, and Poland. Driven by a strong focus on quality, operational excellence, innovation, and timely delivery, the company continues to strengthen its market position through sustainable growth and customer-centric manufacturing practices.

    Disclaimer

    Some of the statements made in the release could be forward-looking in nature. Such forward-looking statements remain subject to risks and contingencies, particularly concerning but not limited to governmental policies, economic developments, and technological factors. This may cause actual performance to differ materially from that observed through the relevant forward-looking statement. The Company will not in any way be responsible for action taken based on such forward-looking statements. The Company also undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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  • V-Green and ChargeZone Announce Strategic Partnership to Build Dedicated EV Charging Infrastructure Across India

    V-Green and ChargeZone Announce Strategic Partnership to Build Dedicated EV Charging Infrastructure Across India

    First co-branded EV charging network to support VinFast’s India expansion; 100 additional stations planned

    Vadodara (Gujarat) [India], June 03: V-Green, the EV charging infrastructure company within the Vingroup ecosystem, has entered into a strategic partnership with ChargeZone, India’s largest EV charging network, to jointly develop dedicated EV charging infrastructure and charging ecosystem support for VinFast customers across India. V-Green is part of the Vingroup ecosystem, which also includes electric vehicle manufacturer VinFast and electric mobility platform GSM. The collaboration marks VinFast’s first co-branded charging partnership with a Charge Point Operator (CPO) in India and reflects a growing deeper integration between EV manufacturers and charging infrastructure providers.

    Under the agreement, V-Green will collaborate with ChargeZone on site identification and deployment planning. At the same time, ChargeZone will own the end-to-end operation of all co-branded charging stations, ensuring a consistent, high-quality charging experience for VinFast customers nationwide. The inaugural charging station was launched in Vadodara at Mangla Trade Hub, located adjacent to a VinFast dealership to enable convenient customer access. It features a 60 kW DC fast charger with dual-gun capability, allowing simultaneous charging of two vehicles. The first 15 charging stations under this collaboration have already been commissioned and made operational.

    As part of the next phase of expansion, nearly 100 additional co-branded charging stations are planned for deployment over the next six months, extending the network’s reach to key locations across the country.

    Adding to this, Mr. Kartikey Hariyani, Founder & CEO, ChargeZone, said:

    “This partnership with V-Green is a strong validation of the infrastructure model ChargeZone has built, where charging is planned as an integral part of the EV ownership and mobility experience. ChargeZone has spent years building the operational depth and technology backbone to deliver that promise at scale, and this collaboration brings that capability to life across VinFast’s customer charging network. The co-branded charging network is designed to address one of the most important factors influencing EV adoption today: dependable and accessible charging infrastructure beyond the point of purchase. As EV adoption accelerates in India, partnerships like these will be critical in building charging networks that are dependable, accessible, and integrated into the broader mobility ecosystem.”

    Commenting on the partnership, Mr. Nguyen Nam Tien, CEO, V-Green, said:

    The partnership between V-Green India and ChargeZone marks a significant step in strengthening India’s EV ecosystem. By expanding reliable charging touchpoints for VinFast customers and the wider EV community, we are enabling seamless mobility, accelerating EV adoption, and building confidence in sustainable transportation across the country.

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  • greytHR Launches NAVOS: Agentic AI That Turns HR Intent Into Action

    greytHR Launches NAVOS: Agentic AI That Turns HR Intent Into Action

    Bengaluru (Karnataka) [India], June 03: greytHR, India’s most trusted full-suite HRMS for hire-to-retire solutions, today announced the launch of NAVOS — an Agentic AI Assistant built directly into its HRMS platform. Serving over 34,000 organisations across 25+ countries, greytHR manages 3.2 million+ employees and processes over USD 23 billion in payroll annually across India, the Middle East, and Southeast Asia.

    NAVOS is greytHR’s Agentic AI Assistant — a decisive step forward in what an HRMS is built to deliver. It brings agentic AI into the heart of HR operations, enabling teams to move from intent to action in a single, fluid experience. Executing actions, surfacing insights, and navigating HR complexity — NAVOS makes all of it faster, smarter, and more intuitive than ever before.

    NAVOS empowers users to act with intent — executing everyday HR actions across Payroll, Core HR, Leave & Attendance, Performance Management, and Recruitment. Additionally it can instantly find employee records, workflows, department reports, and HR knowledge content. It moves users from “searching, checking, and calculating” to “asking, understanding, and acting.”

    Across industries, HR operations are shaped by distinct workforce realities. These range from high-volume attendance musters in manufacturing to distributed teams in IT, seasonal workforce changes in retail to compliance-driven processes in BFSI. NAVOS enables organizations to take more direct control of these everyday HR moments — from accessing and exporting attendance data, to initiating payroll processes, managing leave – and progressing performance cycles, — all through an agentic AI assistant.  

    greytHR Navos brings greater consistency in execution across varied operational contexts, enabling a more responsive HR experience while allowing teams to stay focused on business priorities.

    Available across all paid greytHR plans, NAVOS is embedded within the platform and requires no additional setup or purchase — making intelligent HR execution accessible to every greytHR customer from day one.

    This vision extends equally to how NAVOS is engineered — where intelligence and accountability go hand in hand. 

    “Agentic AI in HR is about putting the right intelligence, at the right moment, in the hands of the right people. NAVOS is engineered to do exactly that — acting with precision, operating contextually within each organisation’s unique permissions and workflows, and built on a foundation of security, accountability, and trust. With NAVOS, we are raising the standard for what responsible, high-performance AI in enterprise HR looks like — and setting a new bar for the industry.”

    — Krishna Prasad, Chief Product Officer, greytHR

     That principle of trust runs through every layer of NAVOS — from how it executes actions to how it shapes the day-to-day experience of HR teams on the ground. 

    “HR teams across thousands of organisations are doing increasingly complex, high-stakes work — and they deserve a platform that matches that ambition. NAVOS turns intent into action — instantly, accurately, and within the controls that our customers have built their operations around. We’ve now made greytHR a platform that actively works alongside HR teams, amplifying what they are already great at and giving them the speed and confidence to do even more using AI. With NAVOS, greytHR becomes not just a system you work on, but a platform that works with you.”

    — Lokesh A Gupta, Senior Vice President, Product, greytHR

    With NAVOS, greytHR sets a new benchmark for what an HRMS can deliver — an intelligent execution layer that actively drives HR performance, operational efficiency, and measurable business value at scale. As organisations across India, the Middle East, and Southeast Asia navigate rapid growth and increasing workforce complexity, NAVOS gives greytHR customers a decisive advantage: an HR platform that does not just keep pace with the demands of modern business, but powers it forward.

    “The expectations placed on HR teams have fundamentally evolved. Business leaders today expect HR to operate as a true strategic function — with the agility of operations and the depth of insight to back every decision. NAVOS is greytHR’s commitment to that vision. By embedding agentic AI directly into the flow of HR we are giving teams the ability to act on HR intent in real time, within the governance structures their organisations depend on. This is what it means to build for the next era of HR — and we are proud to bring AI to our 

    customers.” — Girish Rowjee, Co-founder & CEO, greytHR

    To know more about greytHR Navos, click here.

    About greytHR: 

    greytHR is a full-suite HRMS platform designed to automate and simplify complex, recurring, and critical HR and payroll functions, ensuring compliance and security. With over 50 tools, greytHR offers ‘Hire-to-Retire’ solutions for People Operations, including advanced modules for recruiting, onboarding, engaging, paying, appraising, retaining, and retiring employees. The platform also leverages AI-driven analytics and recommendations to enhance employee engagement throughout the entire employee lifecycle.

    Trusted by CFOs and loved by CHROs, greytHR serves businesses of various sizes and is adaptable across industries like manufacturing, SaaS, healthcare, hospitality, education, and retail.

    As India’s leading HRMS and payroll provider, greytHR is rapidly expanding in the MEA and SEA regions, offering world-class Made-in-India software solutions to emerging markets. The company proudly serves over 34,000 clients, managing 3.2 million+ employees across 25+ countries.

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  • MangoFolks Hosts “The Hidden Window”: A Drawing Contest That Goes Beyond Art

    MangoFolks Hosts “The Hidden Window”: A Drawing Contest That Goes Beyond Art

    New Delhi [India], June 03: In a world where screens increasingly surround children, moments of genuine creativity have become rare and deeply valuable. Recognizing this, MangoFolks recently hosted a unique and meaningful initiative at the Activity Centre, Naval Officers Residential Area (NOFRA), Colaba. A drawing contest for young artists that was designed not just to celebrate creativity but to understand it.

    Titled “The Hidden Window,” the initiative was built on a simple yet powerful idea. A child’s drawing is more than just art; it is a reflection of their inner world.

    More Than a Contest: A Window Into Young Minds

    Unlike conventional competitions that focus solely on performance and winners, MangoFolks approached this event with a deeper intention.

    Children were encouraged to express themselves freely. The theme was revealed on the spot, allowing spontaneity, imagination, and authenticity to take center stage. Drawing sheets were provided. From vibrant landscapes to imaginative scenes, each piece told a story that was unique, unfiltered, and deeply personal.

    What truly set this event apart was what followed after the drawings were completed.

    Introducing “The Hidden Window” Drawing Analysis Initiative

    As part of the experience, MangoFolks introduced a specialized drawing analysis service, turning each artwork into a meaningful insight for parents.

    This initiative was led by Ashita Thakkar, an expert with years of experience in educational and corporate consulting. Using principles of graphology and color therapy, her work focuses on decoding visual expressions to uncover emotional patterns, personality traits, and developmental cues in children.

    The process was simple yet powerful:

    Create: Each child created their artwork during the contest

    Submit: Drawings were collected at the end of the session

    Analyze: Each piece underwent a detailed off-site expert review

    Discover: Parents will receive personalized remarks to better understand and guide their child

    This thoughtful addition transformed the contest into something far more meaningful. It became a tool for awareness, connection, and deeper understanding.

    Understanding Children Beyond Words

    At the heart of “The Hidden Window” lies a powerful belief.

    A child’s artwork is a silent language of their mind.

    Every line, color, and shape carries meaning. The way a child draws, whether bold or delicate, structured or free-flowing, can reveal insights into:

    • Confidence and self-expression
    • Emotional well-being
    • Social tendencies
    • Creativity and imagination

    Through this initiative, MangoFolks aimed to help parents see beyond the surface. It enables them to understand not just what their child creates but what it might be communicating.

    Each participant received a specially designed certificate titled “Understanding Your Child Through Art,” along with space for graphologist remarks and parental reflection. This encourages families to engage with these insights together.

    Celebrating Participation, Not Just Winners

    The contest welcomed a vibrant and diverse group of young participants, including Inaya Meher, Arhaan Mohideen, Lineysha Nayak, Samaira Punia, Alisha Neralkar, Siddhanth Singh, Nysha Sharma, Devansh Raina, Kanishk Sharma, Aadish Neralkar, Mishka Yadav, Ruhika Sharma, Aritra, Mihika Sreekumar, Samaira Punia, Vishaan Phogat, P. Sathwik, Vanya Mishra, Vinaya Mishra, Tulsi Malik, Atharv Vinod, Medha Vivek, Pranavi Elangovan, Daanvi Elangovan, Aarav Girdhar, Mayra Jamaiyar, Naina Sain, Ishaan Yadav, Fatehsher Singh, Ushika Mukund, Sanchana Raghavendran, Navya N, Nitya N, Reyansh Juyal, Ishan Jagtap, Eva Juyal, Ivaan Jagtap, Chingkhei Oinam, Dhvani S Menon, Reyansh Manhas, Alisha Neralkar, Mahira Bhardwaj, Vedanth Singh, Ryan Joseph, Yashwika Chauhan, Kial Kashetty, Sanchana, Anmay Goswami, Aanvi Mukurala, Benjamin Anoop Cherian, Arunditya Kumar Roy, Aruniva Roy, Evelyn Titus Martin, Yuvan Choudhary, Redaan Gond, Vardaan Gond, Gauri Ashutosh Bobade, Niyati Karande, Pratap Karande, Idhika Singh, Karan, Arjun, Tulsi Malik, and Vyan A. Subramanian.

    Each child brought their own perspective, creativity, and voice, making the event a true celebration of individuality.

    All participants received certificates, while winners across age groups (5–8, 9–12, 13–16) were recognized with special rewards and featured across digital platforms.

    MangoFolks: Cultivating More Than Just Land

    While MangoFolks is known for managed farmland and sustainable agriculture, initiatives like this reflect a larger philosophy centered on community, connection, and mindful engagement.

    Speaking about the initiative, Founders and directors of MangoFolks, Mrs Ganesh Gokhale and Mrs Hash Jain shared,

    “At MangoFolks, what we are building goes beyond farmland. We believe real growth happens when communities come together and grow with intention. Through initiatives like ‘The Hidden Window,’ we aim to create spaces where people feel more connected, aware, and engaged.”

    A Beginning, Not Just an Event

    “The Hidden Window” is more than a one-day contest. It marks the beginning of a larger conversation about how we understand children, how we support their growth, and how creativity can become a bridge between the two.

    Because sometimes, the most powerful insights do not come from words.

    They come from a child sitting quietly, drawing their world.

    Connect with Us

    To know more about MangoFolks, schedule a conversation with our team, or explore orchard ownership opportunities:

    Website: mangofolks.in

    Contact: 7676029090

    Instagram: mangofolks_orchard

    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.

  • First-Of-Its-Kind Corporate Banking Event Cbnxt’26 Unveils First Speaker Lineup Featuring Leaders From Yes Bank, HDFC Bank, Standard Chartered, HSBC, and More

    First-Of-Its-Kind Corporate Banking Event Cbnxt’26 Unveils First Speaker Lineup Featuring Leaders From Yes Bank, HDFC Bank, Standard Chartered, HSBC, and More

    The flagship TransBnk event will bring together industry experts to discuss the future of corporate banking and enterprise financial operations

    Mumbai (Maharashtra) [India], June 3: TransBnk, a homegrown tech-first platform focused on modernising corporate banking, recently announced the launch of its flagship event CBNxT’26, bringing together the who’s who of the corporate banking sector to discuss the revolution the sector is set to witness in the coming times. Ahead of the event’s debut on 4th June 2026 at Sofitel Mumbai BKC, TransBnk has unveiled the initial speaker lineup.

    The event will feature senior leaders and experts from banking, lenders, fintechs, corporates, enterprises, financial infrastructure sectors, and the investing community, who will share invaluable insights on the future of corporate banking and interconnected enterprise finance in India.

    The initial lineup of the esteemed speakers to mark their presence at the event is, Mahesh Ramamoorthy, CIO, Yes Bank; Prakash Kumar Jaiswal, Managing Director & India Head of SME Banking, DBS Bank; Munish Mittal, Ex CIO, HDFC Bank; Vasanth Jeyapaul, CEO, Camspay;  Shankar Subramanium, Managing Director, Bank of America; Abhijit Kamlapurkar, MD and CEO, NSDL Payments Bank; Tanaji Khot, Senior Head – Banking, Bajaj Finserv; Noopur Chaturvedi, Managing Director & Chief Executive Officer, NPCI Bharat Bill Pay; Kashinath Hariharan, MD & CEO, Jio Payments Solutions Limited; Ajay Rajan, MD & CEO, Protean eGOV Technologies; Rakesh Singh, Executive Director and Chief Executive Officer, Aditya Birla Capital Limited; Sandip Barmera, Chief Operating Officer, Godrej Capital; and Lalit Jadhav, BDO India, Partner – Financial Services. 

    At CBNxT’26, the speakers will showcase a bird’s-eye perspective through conversations around crucial topics, including AI in banking, transaction banking, treasury digitisation, embedded finance, cross-border payments, trade finance, cash management modernisation, and API-first banking systems. The platform will aid collaboration between banks, fintech companies, enterprises, investors, and policymakers as the sector undergoes continued digital transformation.

    Speaking about the event and the initial speakers’ lineup, Vaibhav Tambe, Co-founder & CEO, TransBnk, said, “CBNxT’26 is envisioned as a platform where industry leaders and ecosystem stakeholders can collectively discuss how the future of enterprise banking infrastructure is evolving. The participation from such experienced leaders reflects the growing importance of collaboration in shaping the next phase of corporate banking innovation in India.”

    About TransBnk

    TransBnk is a corporate banking infrastructure company enabling banks, enterprises, NBFCs, fintechs, and financial institutions to manage interconnected financial operations through integrated infrastructure, APIs, and SaaS-based platforms.

    Founded by ex-bankers, TransBnk covers the full spectrum of corporate banking. Its ecosystem includes TrustHub for enterprise financial operations, including treasury, payments, collections, reconciliation, and commercial cards; TxB Hub for banking platforms, cash management, trade management, and supply chain finance; ReconX for AI-powered reconciliation across banking operations; and API Hub for connected banking workflows and enterprise infrastructure capabilities.

    The company is focused on enabling more connected, scalable, and intelligent corporate banking and enterprise financial operations across modern financial ecosystems.

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  • Bright Outdoor Media Limited Unveils Landmark Hoardings & Introduces ‘Bright’s Curtain Raiser’ to Redefine Brand Visibility

    Bright Outdoor Media Limited Unveils Landmark Hoardings & Introduces ‘Bright’s Curtain Raiser’ to Redefine Brand Visibility

    Mumbai (Maharashtra) [India], June 3: Bright Outdoor Media Limited(BSE – 543831), A prominent player in India’s out-of-home (OOH) advertising space, has announced the launch of two back-to-back hoardings at the high-traffic Mira-Bhayandar corridor near Dara’s Dhaba. Strategically positioned to capture both morning and evening traffic, this addition marks another step in the Company’s effort to create impactful and innovative advertising opportunities for brands.

    Each hoarding measures 40 ft. x 30 ft., combining to deliver an impressive 4,800 sq. ft. of branding space. Positioned at one of the busiest transit routes connecting Mumbai to key regions such as Ahmedabad, Surat, Vadodara, Virar, Vasai, Thane, and Ghodbunder Road, the location offers continuous traffic flow, high visibility, and repeated exposure to lakhs of commuters daily.

    These hoardings are designed to give brands more than just presence they offer scale, recall, and consistency. With long viewing durations and strategic placement, they ensure that brand messaging is not only seen but remembered.

    Beyond expanding its physical inventory, Bright Outdoor Media Limited is also introducing a new service innovation, “Bright’s Curtain Raiser.” This initiative is aimed at helping brands create memorable launch moments. By combining a large-format static hoarding with an LED screen installed below, the setup transforms a traditional billboard into a dynamic launch platform.

    This unique format allows brands to unveil products, launch movie posters, or introduce new services in a more engaging and public-facing way. It also creates a space where media interactions can take place directly at the site, turning a hoarding into a live event backdrop. This blend of visibility and experience enables brands to generate attention, coverage, and recall all at one location.

    With this offering, Bright Outdoor Media Limited is positioning itself not just as an advertising provider but as a partner in brand storytelling. The company is focusing on helping brands stand out in crowded markets by giving them platforms that combine scale with innovation.

    The launch of these hoardings, along with the introduction of “Bright’s Curtain Raiser,” reflects the company’s ongoing commitment to evolve with the needs of modern advertisers. By creating spaces where brands can be seen, experienced, and remembered, Bright Outdoor Media Limited continues to push the boundaries of outdoor advertising in India.

    Commenting on the Development, Dr. Yogesh Lakhani, CMD of Bright Outdoor Media Limited said, “At Bright Outdoor Media Limited, we believe that every brand deserves to be seen, remembered, and celebrated. Our focus goes beyond simply offering advertising spaces we aim to create platforms that truly highlight and elevate brands in a meaningful way.

    With the launch of our premium hoardings at the Mira-Bhayandar corridor, we are bringing scale, visibility, and strong recall to one of the busiest routes, ensuring that brands connect with audiences consistently and effectively. At the same time, with the introduction of ‘Bright’s Curtain Raiser,’ we are taking a step forward in how brands launch and showcase their offerings. This unique concept allows brands to transform a hoarding into a live stage, where product launches, movie promotions, and new service unveilings can take place in a manner that attracts attention, media presence, and public engagement.

    At Bright Outdoor Media, we believe visibility is not just about space it is about creating memorable brand experiences. With the launch of these landmark hoardings and the introduction of ‘Bright’s Curtain Raiser,’ we are giving brands a larger stage, stronger impact, and innovative ways to connect with audiences across Mumbai’s busiest growth corridor.

    Our vision is to light up the streets with powerful and striking advertisements that not only capture attention but also create lasting impressions. Through innovation and thoughtful execution, we remain committed to giving brands the spotlight they deserve, making them bigger, brighter, and impossible to ignore.”

    About Bright Outdoor Media Limited

    Founded in 1980 and headquartered in Andheri, Mumbai, Bright Outdoor Media Limited is a leading name in India’s Out-Of-Home (OOH) advertising industry, with 45 years of expertise. The company operates an extensive network of more than 490 hoardings across strategic geographies, including ownership of 50+ of Mumbai’s 120+ digital LED billboards (Big Size). Bright Outdoor Media also trades hoardings acquired from government Semi Government & private entities, further strengthening its market presence.

    Bright’s strategic ventures with top advertising companies and contracts across all major transit areas set it apart. It is also the first in the world to install solar panels on hoardings, supplying electricity to Indian Railways, along with a JV Partner, demonstrating its commitment to sustainability. Additionally, its real estate operations contribute to diversified revenue streams. 

    With innovative solutions, a broad client base, and a focus on sustainability, Bright Outdoor Media continues to lead the OOH advertising space. The company is the first-ever outdoor media company in India to be listed on the stock exchange, debuting on the BSE SME platform on March 24, 2023.

    In H2 FY26, the company reported Total Revenue of ₹ 92.12 Cr, EBITDA of ₹ 20.25 Cr, Net Profit of ₹ 13.97 Cr & EPS of ₹12.98.

    In FY26, the company reported Total Revenue of ₹ 155.43 Cr, EBITDA of ₹35.23 Cr, Net Profit of ₹24.05 Cr & EPS of ₹12.26.

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