Category: Business

New Delhi [India], November 26: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is making a substantial impact at the India International Trade Fair (IITF) 2025, currently underway at Bharat Mandapam, New Delhi. With a vibrant pavilion, NAFED is highlighting its farmer-centric initiatives, diverse product portfolio, and technology-driven advancements.

A key attraction is the participation of NAFED-supported Farmer-Producer Organisations (FPOs). These FPOs have set up dedicated stalls, displaying a range of unique products including honey, dry fruits, saffron, pickles, millet-based foods, and various regional specialities. Their presence reinforces NAFED’s continued commitment to empowering farmer groups and enhancing market access for rural producers.

The pavilion also features an extensive array of NAFED-branded products. Pulses, dry fruits, spices, rice, ready-to-cook mixes, and ready-to-eat foods form part of the domestic range, while NAFED’s export offerings—such as frozen foods, protein bars, peanut butter, and namkeens—are drawing significant interest from visitors for their quality and reliability.

Adding to visitor engagement, a live NAFED Tea counter has become a popular experience zone, serving freshly prepared tea and attracting steady footfall. This interactive element offers guests an enjoyable break while allowing them to explore NAFED’s expanding product basket.

The organisation is also highlighting its digital initiatives, with a dedicated IT section showcasing innovative platforms. A highlight is the newly launched auction portal, NAFEX.in, designed to promote transparent and technology-enabled agricultural commodity trading.

NAFED’s Managing Director, Shri Deepak Agarwal, IAS, visited the pavilion and interacted with FPO members, visitors, and NAFED staff. His visit helped energise teams on the ground and emphasised NAFED’s mission to innovate and upscale its service delivery continually.

As IITF 2025 progresses, visitors are praising NAFED’s diverse exhibits, the quality of its products, and the opportunities extended to farmer groups. NAFED’s presence remains a major highlight of the fair, reflecting its dedication to supporting farmers and delivering trusted food products to consumers across India.

For more information, please visit: https://www.nafed-india.com/ 

PNN Business

Mumbai (Maharashtra) [India], November 25: Karnika Industries Limited (NSE: KARNIKA), one of the leading manufacturers and traders of ready-made garments for children, announced its Unaudited Financial Results for the Quarter and Half Year ended September 30, 2025 (Q2 & H1 FY26), as approved by the Board of Directors.

Key Financial Highlights – H1 FY2025-26

Particulars	H1 FY26	H1 FY25	% Chg YoY
Total Income (₹ Lakhs)	10,404.55	9,852.72	↑ 5.60%
EBITDA (₹ Lakhs)	2,046.48	1,643.67	↑ 24.51%
EBITDA Margin (%)	19.67%	16.68%	↑ 299 bps
Net Profit (₹ Lakhs)	1,246.44	1,034.63	↑ 20.47%
Net Profit Margin (%)	11.98%	10.50%	↑ 148 bps

Key Financial Highlights – Q2 FY2025-26

Particulars	Q2 FY26	Q2 FY25	% Chg YoY
Total Income (₹ Lakhs)	6,983.77	7,225.14	-3.34%
EBITDA (₹ Lakhs)	1,455.68	1,121.55	↑ 29.79%
EBITDA Margin (%)	20.84%	15.52%	↑ 532 bps
Net Profit (₹ Lakhs)	938.88	725.82	↑ 29.35%
Net Profit Margin (%)	13.44%	10.05%	↑ 340 bps

Management’s comment:

“This has been a steady and profitable quarter for the Company. Despite a marginal dip in topline, we improved our margins significantly, driven by better product mix, tighter cost controls, and rising share of higher-value children’s apparel. Our Q2 EBITDA grew nearly 30% YoY while Net Profit rose 29% YoY, reflecting strong operational efficiency.

FY26 continues to be a year of positive developments for us. We secured multiple sizable orders across India, expanded our presence in key children’s wear clusters, and strengthened engagement with our long-standing customer base that contributes over 90% of revenues. With increasing demand for quality kids garments and our asset-light, job-work-led manufacturing approach, we are well positioned for sustainable growth.

We remain focused on expanding production capabilities, deepening our design-driven offerings, and enhancing brand presence across domestic and export markets.”

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Senco Di Wedding – Before The Vows

New Delhi [India], November 25: Senco Gold & Diamonds, one of India’s most trusted jewellery houses renowned for its heritage and craftsmanship, has launched “Senco Di Wedding – Before The Vows,” a luxury pre-wedding experience that beautifully captures the essence of modern Indian weddings. Blending emotion, tradition, and contemporary elegance, the initiative highlights the intimate moments shared between couples before they begin the journey toward their big day. After its successful debut, the experience is soon to be extended to other cities as well.

For the inaugural edition, ten handpicked couples spent an immersive day at a luxury five-star resort, curated to honour the emotional and celebratory spirit of Indian weddings. The experience featured personalised styling, a couple of games, interactive sessions, and an exclusive pre-wedding photoshoot elevated with Senco’s exquisite bridal jewellery. Their stories and special moments were preserved in a beautifully curated pre-wedding album, making the day a cherished memory.

The initiative reflects Senco’s belief that weddings are not merely ceremonies—they are personal stories of love, commitment, and meaningful connections. “Before The Vows” was created to celebrate these treasured moments through an experience that feels heartfelt, luxurious, and authentically rooted in Indian wedding culture.

A Vision Rooted in Legacy and Love

Speaking about the initiative, Joita Sen, Director & Head of Marketing and Designs, shared:

“At Senco Gold & Diamonds, weddings are intimate stories of love and anticipation. With ‘Senco Di Wedding – Before The Vows,’ we wanted to craft a heartfelt, luxurious experience that honours couples entering a new chapter. Rooted in our 85-year legacy of craftsmanship, this initiative brings together emotion, elegance, and the timeless artistry of our bridal collections.”

Crafting Timeless Beauty Through Artistry

The event showcased Senco’s rich legacy in bridal craftsmanship through creative collaborations. Designer Abhishek Roy of Roy Calcutta brought contemporary yet culturally rooted aesthetics to life, styling each ensemble to complement the jewellery’s elegance. Celebrity makeup artist Abhijeet Chanda and his team added to the experience by crafting radiant, graceful looks that highlighted the natural charm of the couples.

Designer Abhishek Roy (Roy Calcutta) added, “Designing for Senco Di Wedding – Before The Vows felt like shaping emotions into fabric and metal. Every look we created was inspired by the quiet, beautiful moments couples share before they begin a new chapter. Senco’s jewellery carries both heritage and heart, and it seamlessly elevated every ensemble into something timeless.”

Talking about the experience, makeup artist Abhijeet Chanda said, “For me, bridal beauty should enhance who you are. Senco’s jewellery already carries so much grace, so we focused on creating soft, elegant looks that let the couple’s love shine through. It was a privilege to be part of these intimate, joyful moments.”

Celebrating Love Across India

Participants from “Before The Vows” will be featured across prominent billboards, celebrating love while showcasing Senco’s iconic Vivah Collection. The digital amplification will include behind-the-scenes content, couple narratives, influencer collaborations, and engaging social content that extends the wedding story to a wider audience.

Alongside the experiential celebration, Senco Gold & Diamonds has announced exclusive wedding-season offers under the ‘Senco Di Wedding’ banner:

• Special discounts on wedding and gifting jewellery

• Weekly lucky draws

• A bumper prize of Jewellery Voucher worth ₹10 lakhs

• 0% deduction on old gold exchange

• A chance to win a honeymoon package and a five-star dining experience for couples.

These offers aim to make the wedding shopping experience memorable, meaningful, and rewarding for customers across the country.

About Senco Gold & Diamonds

With a remarkable 85-year legacy, Senco Gold & Diamonds stands as one of India’s most cherished jewellery brands, known for its craftsmanship, innovation, and deep-rooted heritage. With 185+ stores globally, the brand is celebrated for its mastery across gold, diamond, polki, platinum, and handcrafted jewellery inspired by the renowned artistry of Bengal’s karigars. Senco continues to blend tradition with contemporary creativity, crafting jewellery that honours heritage while resonating with the modern wearer.

For more information, visit: sencogoldanddiamonds.com

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Surat (Gujarat) [India], November 25: Concept Medical Group, a global leader in advanced drug-delivery technologies and minimally invasive medical devices, has once again been certified as a Great Place To Work® for the period November 2025 to November 2026, marking its second consecutive year of achieving one of the world’s most respected workplace culture recognitions.

This back-to-back certification reflects the Group’s unwavering commitment to fostering a workplace built on trust, safety, fairness, pride, and camaraderie, as demonstrated by exceptionally high employee sentiment scores across multiple parameters.

A Culture Validated by Its People

According to the 2025 Great Place to Work® Trust Index Survey, Concept Medical recorded remarkable scores, including:

• 99% employees feel CMG is a physically safe & great place to work.
• 99% say special events are always celebrated here.
• 97% felt genuinely welcomed when they joined the organisation.
• 96% are proud to tell others they work at CMG.
• 96% believe the organisation’s advanced facilities create an uplifting work environment.
• Source: GPTW Results Report, Nov 2025

These results validate the organisation’s continuous efforts to build an environment where people feel respected, valued, and empowered, irrespective of role, department, or location.

A Culture Built on Care, Innovation & Shared Purpose

Across its manufacturing facilities, corporate offices, R&D centres, and global operations, Concept Medical emphasises a culture rooted in innovation, inclusion, employee well-being, and transparent leadership. Celebrations, recognition programs, sports events, onboarding excellence, emotional support, and state-of-the-art facilities collectively shape the daily employee experience.

Leadership Statement

Parth Doshi, Executive Director, Concept Medical Group, said, “To be recognised as a Great Place To Work® for the second year in a row is more than an achievement; it is an emotional milestone for all of us. What makes this special is that it comes directly from our people and their lived experience. At Concept Medical, we believe that culture is not built by policies or posters; it is built every day through consistent actions, fairness, integrity, and the belief that everyone here matters. This recognition strengthens our commitment to creating a workplace where people feel safe, welcomed, respected, and inspired to contribute to innovations that save lives across the world.”

A Leading Employer in Global MedTech

With this consecutive certification, Concept Medical Group reinforces its reputation as one of the leading employers in the MedTech sector. This organisation balances purpose with passion, innovation with empathy, and high performance with people-first values.

About Concept Medical Group

Concept Medical Group is a globally recognised innovator in medical technology, specialising in advanced drug-delivery systems that redefine cardiovascular and vascular care. Through Envision Scientific, home to one of the world’s largest integrated facilities for Drug-Eluting Stents (DES) and Drug-Coated Balloons (DCB), the Group delivers cutting-edge research, proprietary technologies, and world-class manufacturing. With a strong focus on quality, clinical evidence, and patient outcomes, Concept Medical continues to shape the future of minimally invasive therapies worldwide.

About Great Place To Work®

Great Place To Work® is the global authority on workplace culture, employee experience, and leadership behaviours that drive innovation and business performance. Its Trust Index Survey and For All Model benchmark employee experience across 150+ countries, recognising organisations that excel in fostering positive, inclusive, and high-trust workplaces.

Jabalpur (Madhya Pradesh) [India], November 25: Happy Square Outsourcing Services Limited (NSE: WHITEFORCE), a leading workforce solutions and outsourcing services company, announced its Standalone Un-Audited Financial Results for the half year ended September 30, 2025, as approved by the Board of Directors.

Key Financial Highlights (Consolidated) – H1 FY2026

Particulars	H1 FY2026
Revenue from Operations	₹ 43.33 Crore
EBITDA	₹ 2.76 Crore
EBITDA Margin	15.69%
Profit After Tax (PAT)	₹ 1.77 Crore
PAT Margin	4.08%
EPS	₹ 1.53

Operational & Strategic Highlights

• Industry-leading 60-hour TAT enabling rapid, PAN-India fulfilment.
• Strong digital ecosystem with 10,000+ active jobs and 100,000+ monthly visitors.
• Expanding high-margin RPO services driven by tech-enabled execution.
• Ongoing geographical expansion supported by GeM participation and multi-state presence.
• Serves 300+ corporate clients with large-scale, multi-location staffing needs.
• Uses a tech-enabled recruitment engine for faster, more accurate hiring.

Ms. Shraddha Rajpal, Promoter’s Comments:

The Company delivered a steady performance in H1 FY26, with core operations showing consistent traction. We continue to strengthen our tech-led recruitment engine and expand our presence across key markets, supported by increasing engagement on our digital hiring platform.

With a healthy pipeline and improving demand visibility, we anticipate a stronger second half. Our expanding talent base and growing client portfolio position us to scale rapidly across new sectors and geographies while sustaining long-term, profitable growth.

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From Building Skylines to Crafting Experiences: Setu Group Director Expands Design Ethos into Strategic Hospitality and Indulgence

Udaipur (Rajasthan) [India], November 25: For two decades, Harnil Shah’s career has been defined by engineering precision and visionary design as he guided the Setu Group—a 40-year legacy brand—in shaping Gujarat’s real estate landscape. Now, the Director of Business Development is leveraging that same expertise to forge a bold new path, proving that the principles of excellence, expertise, and elegance can transcend traditional industry boundaries.

A New Philosophy of Place and Purpose

Shah’s new venture, the Barmer Wines and Gogunda Whisky estate near the serene lake of Madarda village in Udaipur, is not merely a diversification; it’s a strategic reinterpretation of the Setu Group’s design-forward ethos. The project is conceived as a masterclass in experiential living, where architecture, nature, and hospitality blend seamlessly.

“Environments should be crafted with intention,” is the unspoken philosophy behind the estate. Just as Shah championed nature-integrated designs like the celebrated Ananya Villas in Gandhinagar, the Udaipur project is rooted in its locale. Every element—from the spatial layout of the retreat to the promise of fine dining and luxury villas—is shaped to foster tranquillity, indulgence, and a deep connection to place.

Translating Design into New Destinations

This new direction showcases Shah’s entrepreneurial agility and his ability to apply a high-level design language to entirely new business models.

Architectural Innovation Meets Hospitality: The estate will eventually introduce luxury villas for extended stays, complete with curated experiences. This marks a strategic transition from designing structures that shelter to designing destinations that inspire and immerse.

Rooted Identity: The venture establishes a refined yet deeply regional identity. While the initial wine vintages are sourced from Nashik, the ultimate plan to cultivate on-site vineyards (including a unique pomegranate wine) and develop Gogunda Whisky draws direct inspiration from Rajasthan’s cultural richness and unique terroir.

Building Beyond Bricks: By focusing on the sensory journey and the refined identity established through branding and label design, Shah is moving beyond the traditional brick-and-mortar industry. He is building a legacy not of static structures, but of curated, high-end experiences designed for connoisseurs and discerning travellers.

Barmer Wines and Gogunda Whisky are therefore more than just new ventures; they represent the next chapter in a design language that Harnil Shah has helped shape—one that consistently prioritises thoughtfulness, authenticity, and a dynamic dialogue with its surroundings, regardless of the industry.

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Chennai (Tamil Nadu) [India], November 25: Airfloa Rail Technology Limited (BSE – AIRFLOA | 544516 | INE0XBS01012), a leading manufacturer of railway rolling stock components and turnkey interior solutions, a leading manufacturer of railway rolling stock components and turnkey interior solutions, today announced a strategic Joint Venture (JV) with Big Bang Boom Solutions Private Limited (BBBS), one of India’s most innovative defence technology companies specializing in Electronic Warfare, AI-based Autonomous Systems, and Material Science.

This Joint Venture marks a significant step in Airfloa’s diversification into high-growth, high-value defence manufacturing, creating a powerful combination of Airfloa’s engineering and production strength with BBBS’s cutting-edge defence technology and intellectual property.

Key Highlights of the JV

• Joint Venture equity structure:
  • Airfloa Rail Technology Ltd – 51% (Strategic Partner)
  • BBBS – 49% (Technology Partner)

• Purpose of the JV: To create an exclusive manufacturing platform for BBBS’s under-development and future defence-tech programs within India.

• Manufacturing Scope Includes:
  • Electronic Warfare systems, including Directed Energy Weapons
  • AI-driven autonomous defence solutions
  • High-precision components
  • Advanced materials and nanotechnology products
  • Defence-grade system integration and testing

Strategic Rationale

The JV positions both companies firmly within India’s growing defence manufacturing landscape by combining BBBS’s indigenous technologies with Airfloa’s established production capabilities. It enables faster industrialisation of defence products, strengthens export potential, and opens opportunities in high-growth areas such as UAVs, Electronic Warfare, and advanced materials. This partnership is expected to enhance long-term growth visibility, improve margins, and elevate Airfloa’s presence in the defence sector.

Commenting on the development, Mr Manikandan Dakshnamoorthy, Joint Managing Director, said: “This Joint Venture represents an important step forward for Airfloa. By combining our established manufacturing strength with BBBS’s deep-tech IP, we are creating a world-class platform capable of delivering next-generation defence systems from India. The JV positions us well in a sector that offers high growth, strong value creation, and favourable policy tailwinds. We are confident that this partnership will expand our addressable market, deepen our technology, and drive long-term, sustainable growth for the Company. Alongside this, we continue to execute large, high-impact projects in fast-growing sectors such as railways, defence, and aerospace in India, where our diversification strategy further strengthens our long-term sustainability and growth resilience.”

Mr Dr. R. Shivaraman, CTO & Co-Founder of Big Bang Boom Solutions, added: “We are delighted to partner with Airfloa in establishing this Joint Venture. Their proven engineering and manufacturing capabilities perfectly complement our deep-tech defence innovations. This collaboration enables us to industrialise our technologies at scale and accelerate deployment across India’s defence ecosystem. Together, we aim to build a strong innovation-to-production pipeline, expand our presence in high-potential global markets, and contribute meaningfully to India’s vision for advanced, self-reliant defence manufacturing.”

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Kolkata (West Bengal) [India], November 25: Classic Electrodes (India) Limited (NSE: CLASSICEIL), a prominent Indian manufacturer specializing in welding consumables, including electrodes and MIG wires, announced its Unaudited Financial Results for the half year ended September 30, 2025

H1 FY26 Financial Highlights (₹ in Lakhs)

• Total Revenue: ₹12,303.04 lakhs
  (H1 FY25: ₹10,571.13 lakhs) – up 16.4% YoY
• Profit Before Tax (PBT): ₹846.16 lakhs
  (H1 FY25: ₹757.61 lakhs) – up 11.7% YoY
• Profit After Tax (PAT): ₹648.74 lakhs
  (H1 FY25: ₹612.55 lakhs) – up 5.9% YoY
• EPS (Basic/Diluted): ₹3.61

Growth was supported by stable demand for electrodes and MIG wires and steady contribution from the trading division.

Key Business Highlight

Successful Commercial Launch of Flux Cored Wire – A Strategic Addition Strengthening Future Growth

The Company successfully commenced commercial production of Flux Cored Wire, marking a major expansion of its product portfolio. This new line is expected to meaningfully strengthen top-line growth, enhance margins through improved product mix, and further deepen the company’s presence in the welding consumables market.

Mr. Sushil Kumar Agarwal, Managing Director’s comment:

“Our H1 FY26 performance demonstrates resilience in our core manufacturing operations and sustained demand from the domestic fabrication and infrastructure ecosystem. With healthy revenue growth and consistent profitability, we continue to strengthen our presence in the welding consumables industry.”

He added, “The planned debottlenecking and automation initiatives at our Unit I facility—supported by IPO proceeds – will enhance efficiency, expand throughput, and help us unlock higher utilization levels. Combined with our broad product range and strong market footprint, we remain confident of maintaining a steady growth trajectory.”

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Noida (Uttar Pradesh) [India], November 25: Exato Technologies Limited (“Exato”), a next-generation digital transformation and customer experience technology company, today announced the launch of its Initial Public Offering (IPO). Exato is backed by Ace Investor Mr. Vijay Kedia and family who holds 4.71% equity in the Company. The IPO will comprise a fresh issue of upto 22,75,000 equity shares and an offer for sale of upto 4,00,000 equity shares, aggregating to upto 26,75,000 equity shares of face value ₹10 each.

Book Running Lead Manager: GYR Capital Advisors Private Limited

IPO Schedule

• Anchor Book Opens/Closes: Thursday, November 27, 2025
• IPO Opens: Friday, November 28, 2025
• IPO Closes: Tuesday, December 02, 2025
• Tentative Listing: Friday, December 05, 2025 on BSE SME platform

The price band and minimum bid lot will be announced in due course. The equity shares offered through this IPO are proposed to be listed on the SME Platform of BSE Limited, with BSE acting as the designated stock exchange.

Offer Structure

• Total Offer: Up to 26,75,000 equity shares
• Fresh Issue: Up to 22,75,000 equity shares
• Offer for Sale: Up to 4,00,000 equity shares by promoter Mr. Appuorv K Sinha
• Pre-IPO Placement: 1,75,000 shares completed prior to issue

Investor Allocation

• Not more than 50% for Qualified Institutional Buyers (QIBs)
• Not less than 35% for Retail Individual Investors
• Not less than 15% for Non-Institutional Investors
• Up to 60% of QIB portion may be allocated to Anchor Investors

Use of IPO Proceeds

The net proceeds of the fresh issue will be used for:

• Funding the working capital requirements of our company
• Investment in Product Development
• Repayment/prepayment of all or certain of our borrowings availed of by our Company
• General Corporate Purposes

About Exato Technologies Limited

Established in 2016 and headquartered in Noida, Exato Technologies is a high-growth provider of AI-driven digital transformation, customer experience automation, omnichannel communication platforms, and cloud-based infrastructure solutions. The company serves more than 150 clients across 10+ countries and has a strong presence in BFSI, Telecom, IT/ITeS, Healthcare, Retail, and Manufacturing sectors. With a global delivery capability, Exato continues to scale its presence across India, the United States, and Singapore. Exato currently reports a robust order book of ₹515 crore as of October 31, 2025 and has a balanced mix of recurring service revenues and perpetual software and hardware income.

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Chennai (Tamil Nadu) [India], November 25: AVP Infracon Limited (NSE – AVPINFRA), – AVP Infracon Limited, a leading infrastructure development company with over 15 years of execution excellence, is pleased to announce that its Chairman & Managing Director and Chief Executive Officer, Mr. D. Prasanna, has been honoured at the Global Leadership Awards during the Global Leadership Summit 2025 held at the University of Oxford’s H B Allen Centre, Keble College. The award recognises his exemplary achievements and visionary leadership in steering the organisation’s growth and strengthening its industry position.

The Global Leadership Awards, known for celebrating outstanding global leaders and innovators, acknowledged Mr. Prasanna’s role in driving AVP Infracon Limited’s expansion across key infrastructure segments and reinforcing its execution capabilities. His leadership has played a central role in enhancing operational excellence, project delivery, and organisational performance.

Being recognised at one of the world’s prestigious academic institutions underscores the role Mr Prasanna has played in the company’s progress and its commitment to delivering long-term value. His achievement also places AVP Infracon Limited among distinguished enterprises whose leadership has earned international recognition.

Commenting on the receipt of this prestigious Award, Mr. Prasanna Dhandayuthapani, MD of AVP Infracon Limited, said, “I am deeply honoured to receive this prestigious recognition. I extend my sincere gratitude to the organisers for acknowledging our work and journey. This accolade reinforces my motivation to strive for even greater achievements with AVP Infracon and to continue elevating the company’s presence on the global stage. It is a reflection of the collective efforts of our dedicated team, and I look forward to leading our organisation towards new milestones, stronger performance.”

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