Category: Business

Surat (Gujarat) [India], June 02: The successful conclusion of World Wedding Week (WWW) marks an important milestone not only for the event itself but also for the evolution of WedIQ – World’s 1st Intelligent Wedding Ecosystem.

Over seven days, World Wedding Week brought together 24 distinguished speakers from India, Italy, United Kingdom, UAE, Thailand, Armenia, Georgia, Russia, United States, South Korea, Cyprus, and other key wedding destinations, representing diverse sectors of the global wedding industry. The online event attracted wedding planners, designers, photographers, filmmakers, venues, hospitality professionals, and wedding entrepreneurs seeking global insights, meaningful industry connections, and future-ready knowledge.

Founded by global event and wedding planner Nirav Chahwala, World Wedding Week was created with a simple vision — to connect the wedding industry through knowledge, innovation, and collaboration beyond geographical boundaries.

“The response has been truly encouraging. We witnessed professionals from different countries learning, sharing ideas, and building relationships on a common platform. It reinforces our belief that the wedding industry is ready for a more connected, collaborative, and future-focused ecosystem,” said Chahwala.

The success of World Wedding Week has also highlighted the growing WedIQ ecosystem, which aims to support wedding professionals through education, technology, media, networking, and business growth opportunities.

Today, the ecosystem includes:

• Wedding University – professional education and industry-focused learning.
• WedGPT and Infinique.ai – AI-powered lead generation, productivity, and business growth solutions for wedding professionals.
• Destination Wedding Alliance (DWA) – a global network connecting planners, venues, hotels, tourism boards, and destination wedding specialists.
• WedIQ Wire – a premium platform covering wedding news, trends, innovations, and industry intelligence.
• WEDI – World’s 1st AI Wedding Influencer – designed to transform wedding inspiration, engagement, and information delivery through artificial intelligence.
• WedIQ Studio – creative resources, templates, and business growth tools.
• The Wedding Manifesto – a recently published book by Nirav Chahwala exploring modern wedding planning, experience design, and the future of the wedding industry.

Building on the momentum of World Wedding Week, WedIQ has announced plans for a year-round calendar of specialized industry micro-initiatives, including Wedding Design Week, Destination Wedding Week, Wedding Tech Week, along with focused online programs such as Luxury Wedding Weekender, Destination Discovery Weekender, Wedding Creator Weekender, and WedTech Weekender.

During World Wedding Week, the company also launched WedIQ GUILD, a year-round professional growth ecosystem for wedding professionals, beginning with the exclusive CHARTER 100 cohort — the first 100 founding members of the Guild. The initiative is designed to help professionals strengthen their personal brands, expand their global networks, access industry opportunities, leverage AI, and stay ahead of emerging trends shaping the future of weddings.

As weddings continue to evolve through creativity, technology, and collaboration, WedIQ’s mission remains clear: to create a platform where wedding professionals can learn, connect, innovate, and grow together.

With the successful completion of its inaugural World Wedding Week, WedIQ is now focused on building a truly global ecosystem that serves the wedding industry 365 days a year.

About WedIQ

WedIQ – World’s 1st Intelligent Wedding Ecosystem integrates education, AI, media, networking, destination wedding collaborations, and industry-led experiences to empower wedding professionals worldwide.

Through initiatives such as Wedding University, WedGPT, Infinique.ai, Destination Wedding Alliance (DWA), WEDI, WedIQ Wire, WedIQ Studio, The Wedding Manifesto, World Wedding Week, and WEDIQ GUILD, the ecosystem aims to shape the future of the global wedding industry through innovation, education, and meaningful collaboration.

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.

The company has declared a final dividend of Rs. 0.25 per share.

Rajkot (Gujarat) [India], June 2: Rajkot, Gujarat-based Shreeji Global FMCG Limited (NSE – SHETHJI) is a leading company engaged in the supply of ground and whole spices, blended spices, seeds, grains, pulses, flour, and other food products under the brand name “Shethji.” The company has announced its audited financial results for the second half and the full year of FY2026. The company declared its financial results for the half-year and full year ended March 31, 2026.

According to the balance sheet, for the financial year ended March 31, 2026, the company reported consolidated revenue of Rs. 76,975.74 lakh, up 18.01% compared to Rs. 65,226.83 lakh earned during the corresponding period of the previous financial year. For the financial year ended March 31, 2026, the company reported consolidated net profit after tax of Rs. 1,992.04 lakh, registering growth of 62.83% compared to Rs. 1,223.34 lakh earned during the corresponding period of the previous financial year.

During the second half of FY2026 ended March 31, 2026, the company reported consolidated revenue of Rs. 47,519.51 lakh, up 57.98% compared to Rs. 30,078.94 lakh earned during the corresponding period of the previous financial year.

During the second half of FY2026 ended March 31, 2026, the company reported net profit after tax of Rs. 881.36 lakh, up 54.38% compared to Rs. 570.87 lakh earned during the corresponding period of the previous financial year.

In the board meeting, the Board of Directors recommended a final dividend of Rs. 0.25 per share.

Business Activities: Incorporated in 2018, Shreeji Global FMCG Limited manufactures and processes ground and whole spices, seeds, grains, pulses, and flour. The company markets its products under the brand name “Shethji” and through white-label arrangements (customers’ logos). Its product portfolio includes a wide range of whole spices, ground spices, blended spices, oilseeds, flour, and pulses, prepared at its facilities using standardized techniques. The company manufactures powdered spices through a structured sequence of cleaning, grading, sorting, and grinding processes aimed at delivering a consistent and stable range of spice powders and seeds. Its product range includes chickpeas, cumin, coriander, sesame, peanuts, nigella seeds, fennel, coriander powder, red chili powder, turmeric powder, and more.

Each of these products is manufactured under defined quality standards to ensure consistency in texture, aroma, and shelf life. This process enables the company to distribute raw, processed, and value-added agricultural products under its “Shethji” brand, serving the diverse requirements of retail and wholesale customers.

The company also imports certain agricultural commodities, including Madagascar cloves and coriander seeds from the United Arab Emirates, low-fat desiccated coconut from Sri Lanka, autumn star anise, cigar cassia, broken cassia, split cassia from Vietnam, and milling wheat (non-GMO, crop year 2023) from Singapore, all of which are processed at its in-house facilities. The company is a leading distributor of cloves imported from Madagascar.

The company sells its products to traders, small businesses, and large corporations. Products are available in packaging sizes ranging from 20 grams to 40 kilograms. The company operates two strategically located manufacturing and processing facilities in Rajkot and Morbi.

Infrastructure: A significant advantage of the company’s business is its strong infrastructure framework, which enables streamlined operations, enhanced efficiency, and future-ready scalability. In addition to its well-equipped registered office located at 1205, The Spire, 150 Feet Ring Road, Near Ayodhya Circle, Rajkot, Gujarat – 360005, the company has established two strategically located and fully equipped manufacturing and processing facilities. These are located at Plot No. 72, Kuwadva GIDC, Rajkot-Ahmedabad Highway, Kuwadva – 360023, District Rajkot, and Plot Nos. 8 & 9, Shrinathji Industrial Zone–11, Kuwadva-Wankaner Road, Village Kherwa, Taluka Wankaner, District Morbi – 363621.

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.

Bareilly,(Uttar Pradesh) [India], June 02: When the 2026 placement season closed at Invertis University, the numbers told a clear story. More than 650 placement offers. Companies including Google, Amazon, IBM, Deloitte, Infosys, Tata Consultancy Services, Accenture, and HCL Technologies. Students heading into roles across software development, data analytics, consulting, finance, digital transformation, operations, and business management. And behind every one of those offers, years of preparation that began long before placement season arrived.

Building Careers from Day One

At Invertis University, placement is not a final-semester event. It is the outcome of a process that begins the moment a student joins campus.

Students from engineering, management, computer applications, commerce, and other professional programmes have secured opportunities across sectors including technology, consulting, banking, healthcare, retail, and corporate services. That consistency comes from how the university is structured. More than 100 value-added courses covering technical skills, life skills, and employability skills run alongside regular academics, ensuring students are developing the skills the industry actually looks for, not just what the syllabus requires.

The Ecosystem Behind the Offers

The 650+ offers did not happen in isolation. They are the result of an infrastructure built specifically to close the gap between education and employment.

Through the university’s exclusive collaboration with LinkedIn, every student has free access to over 16,000 LinkedIn Learning courses spanning AI, data analytics, business, leadership, and communication, with certificates that appear directly on their profiles and are visible to recruiters. Students also receive certified training worth ₹1.5 lakh through CSED at no additional cost, and participate in 10 to 12 internships with a 70:30 focus on practical over theoretical learning. Microsoft and Adobe certifications are available directly on campus, giving students globally recognised credentials before they graduate.

For those looking beyond India, the university facilitates paid international internships across Dubai, Singapore, France, Sweden, and Mauritius, as well as student exchange programmes in the USA, Germany, and South Africa, ensuring that students who want global exposure have a genuine path to it.

The Corporate Resource Centre coordinates recruiter engagement year-round, while the Student Success Network Program and the Seniors-to-Juniors Mentoring Module ensure that students are guided not just academically, but professionally, by faculty, by mentors, and by those who have walked the same path before them.

A University Built for What Comes After

The 650+ offers this season are one chapter in a longer story. Merit-based scholarships worth up to ₹10 crore are awarded annually, with 100% scholarships available on merit. On campus, students have access to 70+ acres of green space, 120+ smart classrooms, 8+ hostels, an on-campus gym, yoga facilities, a gaming zone, and active NCC and NSS wings, an environment where all-round development is built into daily life, not treated as an afterthought.

Hon’ble Chancellor Dr. Umesh Gautam said that seeing students move into roles at organisations of this calibre is a reflection of the work that goes on every single day, by faculty, by the placement team, and by the students themselves. He emphasised that the university remains committed to nurturing talent through innovation-driven education, industry exposure, and experiential learning initiatives.

Hon’ble Pro Chancellor Mr. Parth Gautam noted that the strength of this season lies in the preparation that preceded it: the internships, the certifications, the industry exposure, and the mentoring that ensure students arrive at every interview as professionals, not just as candidates.

About Invertis University

Invertis University is a NAAC-accredited university located in Bareilly, Uttar Pradesh, and one of only three universities in India with an Industry Inside Campus ecosystem. Rated AAA and recognised among India’s Best Engineering Institutes 2024, the university offers 50+ academic programmes across 14 departments. With a 92% placement success rate in 2025, 30,000+ placements, 1,200+ recruiting partners, and a highest package of 41 LPA, Invertis has established itself as one of the most placement-focused universities in the region. Its ecosystem includes LinkedIn Learning access, CSED-certified training, paid international internships, Microsoft and Adobe certifications, and a 50,000+ student network spanning 12+ states.

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.

A Reflection Ahead of the NMACC Symposium on Music Copyrights & AI

New Delhi [India], June 02: On June 25, 2026, some of the most respected voices from India’s music and copyright ecosystem will come together at the Nita Mukesh Ambani Cultural Centre (NMACC), Cube Theatre, Mumbai, for an important conversation on the future of music rights, technology, and artificial intelligence.

The symposium will feature Padma Shri Anup Jalota, Rakesh Nigam, Sanjay Tandon, and Atul Churamani, with the discussion moderated by Dr. Ratish Tagde.

At a time when artificial intelligence is transforming the global music industry, this symposium aims to address a critical question: Can copyright laws evolve fast enough to protect human creativity in the age of AI?

Importantly, this initiative by Nita Mukesh Ambani Cultural Centre deserves appreciation for bringing together artists, copyright institutions, industry leaders, and thinkers on a platform dedicated not merely to entertainment, but to meaningful cultural dialogue. In an era where technology is reshaping the creative ecosystem at unprecedented speed, such forums are essential for the future of India’s music and artistic heritage.

The Foundation of the Music Economy

Music is not merely art; it is also intellectual property. Every composition, lyric, recording, performance, and broadcast creates economic value. Copyright law exists to ensure that creators are recognized, protected, and fairly compensated for their contribution.

India’s Copyright Act has evolved significantly over the decades, especially after the landmark 2012 amendments, which strengthened the rights of authors, composers, singers, and performers. These changes brought greater clarity to royalty sharing, performer rights, and the role of collective management organizations.

Organizations such as Indian Performing Right Society (IPRS) and Indian Singers and Musicians Rights Association (ISAMRA) have played an important role in creating awareness, collecting royalties, and protecting creators in a rapidly changing digital landscape.

For years, the music industry’s copyright debate revolved around radio, television, physical formats, piracy, streaming platforms, and digital licensing. However, the AI era has introduced an entirely new dimension to this conversation.

AI: The Biggest Disruption Yet

Artificial intelligence is no longer a futuristic concept. AI music systems can now generate melodies, create synthetic vocals, imitate musical styles, and compose background scores within seconds.

This technological leap creates both excitement and anxiety.

On one hand, AI can democratize music production, enhance accessibility, and create new opportunities for creators. On the other hand, it raises serious concerns regarding ownership, consent, attribution, and authenticity.

If an AI system is trained on thousands of songs composed by human musicians, should those musicians receive compensation?
If a machine replicates the voice or stylistic identity of an artist, where does artistic originality stand?
If AI-generated music floods digital platforms, how will audiences differentiate between authentic cultural traditions and synthetic approximations?

These are not hypothetical questions anymore. They are becoming central to the future of the global music economy.

The Indian Classical Music Concern

The debate becomes even more sensitive in the context of Indian Classical Music.

Indian Classical Music is not built merely on fixed compositions. It is deeply rooted in improvisation, emotional intelligence, gharana traditions, raga grammar, and decades of spiritual and artistic training.

An AI system may reproduce notes, but can it truly understand the emotional maturity of a vilambit khayal, the meditative depth of a dhrupad alap, or the spontaneity of a live raga improvisation?

The concern is not just about imitation. The larger issue is the absence of properly structured and authenticated Indian Classical Music datasets within the AI ecosystem.

If global AI systems begin generating “Indian classical music” based on incomplete or inaccurate datasets, the next generation of listeners may unknowingly consume distorted versions of the tradition. Over time, this could alter public perception of what authentic Indian classical music actually is.

This is where copyright, preservation, and AI governance intersect.

Beyond Protection: The Need for Structured Participation

The road ahead cannot simply be about resisting technology. History has shown that music evolves with every technological transition — from darbars to gramophone records, from radio to streaming platforms, and now from streaming to AI-driven ecosystems.

The challenge is to ensure that creators are not excluded from this transition.

The future may require new licensing frameworks specifically designed for AI training datasets. Musicians may need rights over how their content is ingested, analyzed, replicated, or commercially deployed by AI systems. There could also emerge a need for transparent AI audit trails, metadata standards, and revenue-sharing mechanisms connected to machine learning usage.

This conversation becomes even more relevant for traditional and classical musicians, whose art forms are culturally invaluable but commercially underrepresented in mainstream digital ecosystems.

The industry must begin discussing how artists can participate in AI infrastructure creation rather than becoming passive subjects of technological disruption.

A Timely Industry Dialogue

The upcoming symposium at NMACC is therefore more than just a panel discussion. It represents an important industry dialogue at a defining moment for music and culture.

With perspectives ranging from copyright enforcement and international legal frameworks to performer rights and artistic realities, the panel promises to address both the opportunities and the risks emerging from AI-driven creativity.

Padma Shri Anup Jalota brings the invaluable perspective of a legendary performing artist who has witnessed multiple eras of music consumption.
Rakesh Nigam represents the evolving framework of authors’ and composers’ rights in India.
Sanjay Tandon brings the viewpoint of singers and musicians navigating digital-era performer rights.
Atul Churamani contributes a global perspective on copyright systems and international developments in AI-related music law.
And Dr. Ratish Tagde, as moderator, will steer the discussion toward the larger ecosystem question: How can India protect the authenticity, sustainability, and future relevance of its music traditions in the AI era?

The Road Ahead

The future of music will not be shaped only by technology companies or algorithms. It will also be shaped by policymakers, copyright institutions, artists, educators, cultural organizations, and informed audiences.

Artificial intelligence may become one of the most powerful tools ever created for music discovery and distribution. But unless ethical frameworks, copyright protections, and authentic datasets evolve alongside it, the creative ecosystem could face serious imbalance.

The coming years will therefore demand not just innovation, but stewardship.

The objective is not to stop technology, but to ensure that human creativity, cultural authenticity, and artistic dignity remain at the center of the musical journey ahead.

New Delhi [India], June 2: The ongoing geopolitical tensions and shipping disruptions in West Asia have triggered a cascading impact on global supply chains. India’s furniture and home products industry, heavily reliant on imported timber, engineered wood, hardware, laminates, and petrochemical-based foams and adhesives, is now facing severe headwinds. Extended transit times via Red Sea routes, freight costs that have surged over 300%, and volatility in petrochemical-linked inputs are forcing manufacturers to rethink their sourcing, logistics, and inventory strategies.

Amid this challenging landscape, Saraf Furniture – a leading name in premium solid sheesham wood furniture – has announced a measured revision in its product pricing. The decision comes after months of absorbing escalating costs, from container freight to raw material procurement.

“The disruptions are not temporary. We have seen lead times stretch from 30 to over 60 days, and freight rates per container have more than doubled,” said Raghunandan Saraf, Founder & CEO of Saraf Furniture. “While we continue to absorb a significant portion of the increased costs, some correction is unavoidable to maintain quality and timely delivery. Our commitment to customers remains unchanged – authentic craftsmanship and durable furniture.”

Saraf Furniture is leveraging its direct-from-manufacturer model to minimize the impact, exploring alternative ports and consolidating shipments wherever possible. The company assures that the price adjustment is modest and transparent, reflecting only the most unavoidable increases in logistics and petrochemical-linked inputs like adhesives and foams.

As the West Asia crisis continues to evolve, Saraf Furniture remains focused on inventory resilience and supply chain agility. For customers, the message is clear: quality and reliability will never be compromised, even as the industry navigates its toughest supply shock in years.

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.

Dadar’s award-winning tattoo studio celebrates ten years of custom artistry, 5,000+ tattoos, and 20+ national accolades

Mumbai (Maharashtra) [India], June 02:  Lines N Shades Tattoo & Piercing Studio, one of Mumbai’s most recognised custom tattoo studios, today marks the completion of ten years since its founding in 2016. Located in Dadar West, the studio has grown from a single artist’s vision into a multi-award-winning destination that has inked over 5,000+ tattoos and performed more than 500+ piercings earning a reputation built on originality, technical precision, and a deeply client-first approach.

The studio’s story begins five years before its doors opened. In 2011, founder Sanket Varhadi started his career as a tattoo artist with limited resources but an uncompromising commitment to the craft. Through years of honing his technique and building client trust, Sanket established Lines N Shades Tattoo Studio in 2016 – A space designed not merely as a commercial outlet but as an atelier where personal stories could be translated into lasting visual art.

“Every tattoo in this studio carries a story – not just of the client, but of the artist’s own growth. Ten years is not a number. It is 5,000 reasons to be grateful.”

– Sanket Varhadi, Founder, Lines N Shades Tattoo & Piercing Studio

Over the past decade, the studio has accumulated more than 20+ national awards at some of India’s most competitive tattoo conventions, with Sanket himself recognised as a 20-time award-winning artist specialising in realism and black-and-grey work. The studio’s portfolio spans a wide spectrum from intricate portrait and sleeve tattoos to minimalist fine-line work, geometric designs, cover-ups, and culturally significant pieces including Shiva and mandala compositions. The studio’s reputation has also extended well beyond everyday clientele – Sanket has tattooed celebrities, social media influencers, and professional cricketers, a testament to the trust that prominent figures place in his craft.

What began as a solo endeavour now operates with a team of specialised artists. Senior tattoo artist Amit Rajwadkar, who has been in the industry since 2009, brings depth and strength in realism. Krutika Parab, a female tattoo artist on the team, specialises in fine-line, floral, and colour styles. Piercing specialist Santosh Kanojiya rounds out the team, handling advanced placements with a focus on safety and precision. Behind the studio’s growth is also Neelam Varhadi, Sanket’s wife, who drives the strategic business decisions – A steady force and strong support system that has been integral to the studio’s journey.

The studio’s tenth anniversary is being observed on 15^th June 2026. For Lines N Shades, the milestone represents more than commercial longevity; it is a reflection of an evolving artistic practice, the loyalty of thousands of clients, and the broader maturation of tattoo culture in Mumbai.

Key Facts at a Glance

• Founded: 2016 by Sanket Varhadi, Dadar West, Mumbai
• Tattoo career began: 2011
• Tattoos completed: 5,000+
• Piercings performed: 500+
• National awards: 20+ 
• Specialisations: Realism, portraits, black & grey, fine line, mandala, colour, cover-up, geometric, and more
• Studio address: Shop No 7, Vipin Residency, Gokhale Road, Opposite Zakhadevi Temple, Dadar West, Mumbai 400028

About Lines N Shades Tattoo & Piercing Studio

Lines N Shades Tattoo & Piercing Studio is a premium custom tattoo and professional body piercing studio based in Dadar West, Mumbai. Founded in 2016 by award-winning artist Sanket Varhadi, the studio specialises in fully custom tattoo designs across styles including realism, portraits, black & grey, fine line, mandala, and colour work. With a team of experienced artists and a dedicated female artist for women clients, the studio is known for its hygienic environment, client-first consultation process, and uncompromising artistic standards. Lines N Shades does not repeat designs – every tattoo is created uniquely for each individual.

Anniversary Offer: 15 June – 30 June 2026

To mark the studio’s tenth anniversary, Lines N Shades is extending an exclusive limited-period offer to its clients from 15 June to 30 June 2026.

• Tattoos (10 inches and above): Flat 50% off on all tattoo work of 10 inches or more in size.
• Ear Piercing (Basic Stud): Special anniversary price of ₹999 (originally ₹1,300). Jewellery charged separately.

* Terms & conditions apply. Offer valid from 15 June 2026 to 30 June 2026 only. Cannot be clubbed with any other offer.

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.

New Delhi [India], June 02: M-SANVI Real Estate Pvt. Ltd., a residential real estate company based in Delhi-NCR, has announced the expansion of its residential property offerings across multiple sectors of Dwarka. As part of this expansion, the company is now strengthening its presence in DDA-approved society flats and builder floors, further widening the housing options available to homebuyers in West Delhi.

Having established its presence in areas such as Dwarka Mor and Uttam Nagar, M-SANVI Real Estate is now extending its reach across Dwarka’s residential sectors in response to the growing demand for well-connected and planned housing options. The move reflects the changing preferences of homebuyers who are increasingly looking for homes that offer better infrastructure, connectivity, security, and long-term value.

Dwarka continues to remain one of Delhi’s most preferred residential destinations due to its organized layout, metro connectivity, social infrastructure, and access to essential facilities. With rising interest from both end-users and families seeking long-term residential stability, DDA-approved society flats and builder floors are witnessing steady demand across the region.

Commenting on the expansion, Mr. Mukesh Kumar, Founder and Director, M-SANVI Real Estate Pvt. Ltd., said:

“The way people approach home buying today has evolved significantly. Buyers are not only looking for a property but also for a secure and well-connected lifestyle. Through our expansion across Dwarka sectors and our growing focus on DDA-approved society flats and builder floors, we aim to provide homebuyers with more residential choices that align with their needs, budgets, and long-term aspirations.”

The company believes that transparency, accessibility, and location continue to be among the key factors influencing residential buying decisions. As homebuyers become more informed and research-driven, the demand for legally compliant and well-located residential properties has also increased.

Over the years, M-SANVI Real Estate has worked with homebuyers across different budget segments, helping families identify residential options suited to their requirements. With its expanded presence in Dwarka, the company aims to further strengthen its ability to connect buyers with a wider range of residential properties, including DDA-approved society homes and builder floors.

As Delhi’s residential market continues to evolve, M-SANVI Real Estate remains focused on supporting homebuyers through informed guidance, local market understanding, and access to diverse housing options across key residential locations.

About M-SANVI Real Estate Pvt. Ltd.

M-SANVI Real Estate Pvt. Ltd. is a Delhi-NCR-based real estate company specializing in residential properties, including flats, independent houses, and builder floors. The company has established its presence across locations such as Uttam Nagar and Dwarka Mor and is now expanding its residential footprint across Dwarka sectors, with a focus on providing homebuyers access to DDA-approved society flats and other residential housing options.

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.

New Delhi [India], June 02: The Chronicle Factory appears to be entering one of the most significant chapters in its young history. Over the past several months, the media and entertainment company has undergone a dramatic leadership transformation, attracted fresh investment attention, and become the subject of growing industry speculation.

At the center of these developments is Calton Pereira, the former Chief Executive Officer of The Chronicle Factory. Pereira has now moved on to become the Chairman and Chief Executive Officer of Nalpa Silva, a rapidly emerging holding company with interests across multiple sectors. While his departure from the CEO position marks the end of an important era for The Chronicle Factory, his connection with the company remains far from over.

Sources close to the organization indicate that Pereira will continue to work with The Chronicle Factory as a Founder and Producer, contributing to the development and execution of upcoming projects. His continued involvement is expected to provide strategic continuity while allowing a new generation of leaders to take charge of daily operations.

One of the most notable developments following Pereira’s departure is that The Chronicle Factory has not yet appointed a new Chief Executive Officer. Until a permanent CEO is selected, Managing Director Manoj Kumar is reportedly overseeing the company’s overall operations and leadership functions. Industry observers believe the company is taking a measured approach to identifying a candidate capable of leading the organization through its next phase of growth.

Perhaps the most surprising aspect of the company’s transformation is its newly appointed leadership team. In an industry traditionally led by experienced veterans, The Chronicle Factory has placed considerable responsibility in the hands of a remarkably young management group, with most senior executives reportedly under the age of 25..

The company’s new leadership structure includes Manoj Kumar as Managing Director, Vandan Sarvaiya as Chief Creative Officer, Rahul Trimukhe as Chief of Cinematography, Fardin Shaikh as Chief Strategy Officer, and Ethan Sonawane as Chief Operating Officer.

The appointments represent a significant strategic shift for the company, which appears focused on empowering emerging creative and business talent.

The transition has also marked the end of an important chapter involving Karan Sirvee, who is no longer part of The Chronicle Factory’s management structure. During his tenure, Sirvee played a role in the company’s growth and development as it expanded its presence within the media and entertainment sector. His departure, together with the leadership changes surrounding Calton Pereira, represents one of the most substantial organizational transformations since the company’s establishment.

Adding further intrigue is the growing relationship between Nalpa Silva and The Chronicle Factory. According to industry discussions, Nalpa Silva has made a substantial investment in The Chronicle Factory and is believed to hold a significant ownership stake in the company. While the full details of the arrangement have not been publicly disclosed, many observers view Nalpa Silva as an important strategic partner and long term supporter of The Chronicle Factory’s future ambitions.

Meanwhile, activity at The Chronicle Factory’s offices has intensified considerably. Visitors and industry professionals have noted an unusually high level of activity, with actors, directors, producers, writers, and creative professionals frequently seen entering and leaving the company’s offices.

Several media personalities and entertainment professionals from the United States and Europe have also reportedly visited the premises in recent months. Despite this activity, no official announcements regarding new productions, partnerships, acquisitions, or international collaborations have been made.

The absence of public information has fueled considerable speculation throughout the entertainment industry. Some believe the company may be preparing an ambitious slate of film, streaming, and digital content projects, while others suggest international partnerships could be under discussion.

Whatever the reason behind the activity, one thing is clear: The Chronicle Factory is no longer the same company it was a year ago. Backed by fresh leadership, strengthened by strategic investment, and supported by a new generation of executives, the company appears to be preparing for an important new chapter.

Until official announcements are made, the entertainment industry will continue watching closely to see what comes next from one of the sector’s most closely watched emerging companies.

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.

Lucknow (Uttar Pradesh) [India], June 2: Chandan Healthcare Limited (NSE – CHANDAN), – Chandan Healthcare Limited, one of the leading players in the diagnostic sector, having a Pan India presence, has announced its audited Financial Results for Q4 FY26 & FY26.

Consolidated Key Financial Highlights:

FY26

• Total Income of ₹ 280.67 Cr, YoY growth of 20.43%
• EBITDA of ₹ 56.84 Cr, YoY growth of 31.02%
• EBITDA Margin of 20.25%, YoY growth of 164 Bps
• PAT of ₹ 27.06 Cr, YoY growth of 22.04%
• PAT Margin of 9.64%, YoY growth of 12.71 Bps

Q4FY26

• Total Income of ₹ 77.41 Cr, YoY growth of 18.96%
• EBITDA of ₹ 14.25 Cr, YoY growth of 12.65%
• PAT of ₹ 6.92 Cr, YoY growth of 14.88%

For more details, visit the company’s website: https://chandandiagnostic.com/

Note: During the period, pursuant to the implementation of the New Labour Codes and the resultant change in the definition of wages, the Company recognised additional defined benefit obligations based on actuarial valuation in accordance with Accounting Standard (AS) 15 – Employee Benefits. The impact pertaining to employee service in prior periods has been recognised as past service cost and disclosed as an Exceptional Item. Accordingly, an amount of ₹0.69 Cr for Q4 FY26 and ₹2.92 Cr for FY26 has been recognised as a one-time and non-recurring adjustment.

Commenting on the financial performance, Mr. Amar Singh, Promoter and Chairman & Managing Director of Chandan Healthcare Limited, said, “We are pleased to conclude FY26 on a strong note with Total Income of ₹280.67 Cr, EBITDA of ₹56.84 Cr, and PAT of ₹27.06 Cr. FY26 has been a year of aggressive expansion, strategic investments, and network scale-up for Chandan Healthcare as we continued to strengthen our operational presence across multiple regions while building long-term growth capabilities for the business.

During the quarter, we expanded our network through new diagnostic centre launches in Mumbai, Kolkata and Raipur while also accelerating the rollout of our exclusive partnership with Jeena Sikho across 13 states, including Chandigarh, Bihar, West Bengal, Chhattisgarh, Madhya Pradesh, Maharashtra, Gujarat, Assam, Delhi, Punjab, Haryana, Uttar Pradesh, and Uttarakhand. We also strengthened our institutional healthcare presence through multiple long-term government healthcare projects across Punjab, Haryana, and Assam, supporting long-term revenue visibility and expanding our advanced radiology capabilities across key healthcare markets.

During the year, we also acquired a comprehensive diagnostic centre in Patna, Bihar, offering both pathology and radiology services, further strengthening our regional presence. The Company also expanded into the franchisee business model and successfully launched more than 130 franchise centres during FY26. Building on this momentum, we are targeting the addition of over 1,000 franchise centres over the next two years. In addition, we have commenced our online business initiatives and plan to further scale our digital healthcare platform in the coming years. Our preventive healthcare check-up programs continue to witness strong traction and are growing steadily across markets.

Looking ahead, we remain highly optimistic about the opportunities in the Indian diagnostics industry and continue to focus on expanding our pan-India centre network, improving utilisation across newly launched centres, and strengthening network coverage through our partnership-led growth strategy with Jeena Sikho. As part of our long-term vision, Chandan Healthcare is also working towards establishing a One District One Lab presence across Uttar Pradesh and Uttarakhand over the next two years. We remain committed towards building a scalable, integrated and high-quality diagnostics platform with strong long-term growth visibility.

Key Q4 FY26 Operational Highlights

Accelerating Institutional Growth Through Long-Term Government Healthcare Projects	Secured multiple Punjab government PPP projects across Pathankot, Gurdaspur, Tarn Taran, Batala, Hoshiarpur, SBS Nagar, Kapurthala, Dasuya, Fazilka, Mukatsar Sahib, Firozpur, Abohar involving installation of 1.5 Tesla MRI and 32-slice CT scan systems with estimated project value of ₹800 Cr in 10 years.Awarded 10-year MRI project at 200-bedded Civil Hospital, Rohtak (Haryana) with installation of advanced 1.5 Tesla MRI system catering to 40,000+ monthly OPD footfallSecured 10-year PPP project at Northeast Frontier Railway Central Hospital, Assam for development of advanced radiology centre equipped with 3 Tesla MRI, 128-slice CT scan, X-Ray, USG and Colour Doppler facilities
Scaling Exclusive Jeena Sikho Partnership Across High-Growth Healthcare Markets	Commenced diagnostic operations at 100+ bed HIIMS partner hospital facility in Dera Bassi, marking entry into Punjab through integrated institutional healthcare model with captive IPD and OPD demandExpanded operations through 600+ bed partner hospital facility in Muradnagar, Meerut and commenced operations at integrated hospital facility in Kurukshetra, strengthening presence across key North Indian marketsExpanded operations in Lucknow and commenced diagnostic operations in Kota, Rajasthan, further strengthening multi-city rollout under exclusive Jeena Sikho partnership network
Strengthening Network Reach Across Metro and Emerging Cities	Entered Maharashtra through launch of Mumbai diagnostic centre offering pathology and advanced diagnostic services including TMT, ECG, EEG and PFT with planned addition of X-Ray and BMD servicesEntered West Bengal through launch of Kolkata diagnostic centre focused on comprehensive blood investigations with planned addition of X-Ray and BMD capabilities supporting integrated network expansionEntered Chandigarh through launch of diagnostic centre focused on comprehensive blood investigations with planned addition of X-Ray and BMD capabilities supporting integrated network expansionEntered Chhattisgarh through launch of Raipur diagnostic centre offering pathology and advanced diagnostic services including TMT, ECG, EEG and PFT with provision for future CT and MRI facilities

About Chandan Healthcare Limited

Chandan HealthCare Limited, established in 2003, is a leading Pan-India-based diagnostics company and a part of the Chandan Group. The company has a strong presence in 13 states, including Chandigarh, Bihar, West Bengal, Chhattisgarh, Madhya Pradesh, Maharashtra, Gujarat, Assam, Delhi, Punjab, Haryana, Uttar Pradesh, and Uttarakhand. It offers comprehensive pathology, radiology, and diagnostic services under one roof, operating 65+ diagnostic centers and over 400 collection centers. Chandan’s customer-centric, company-owned model builds trust and ensures quality. Its pharmacy division, Chandan Pharmacy Limited, complements its integrated healthcare offerings.

Key Strengths & Achievements

• One-Stop Diagnostics: Delivers over 3,500 pathology and radiology tests through 12 NABL-accredited labs and 5 NABH MIS-accredited centres, supported by 1,600 skilled professionals.
• Consistent Quality: Ensures high standards via a company-operated model, backed by experienced leadership and a loyal workforce.
• Diversified Revenue Streams: Serves B2C, B2B, and B2G markets, including individual diagnostics, hospital partnerships, and government contracts, alongside a growing pharmacy division.
• Cost-Efficient Operations: Uses refurbished and new high-end machines to optimise costs while maintaining test accuracy.
• Customer Loyalty: Drives repeat business through localised pricing, personalised care, and a strong presence in underserved Tier 2/3 markets.
• Robust Financials: In F.Y.26, total Income of ₹280.67 Cr, EBITDA of ₹56.84 Cr, and PAT of ₹27.06 Cr, reflecting strong growth and operational efficiency.

Scale & Growth Trajectory

• Expanding Footprint: Operates across Uttar Pradesh, Uttarakhand, Rajasthan, Bihar, Madhya Pradesh, and Delhi, with upcoming centres planned in Chhattisgarh, Western Uttar Pradesh and other states.
• Chandan Medical Centres (CMCs): Innovative local hubs offering collection, pharmacy, and teleconsultation services to penetrate new markets.
• Strategic Growth: Expanding in 13 states, including Chandigarh, Bihar, West Bengal, Chhattisgarh, Madhya Pradesh, Maharashtra, Gujarat, Assam, Delhi, Punjab, Haryana, Uttar Pradesh, and Uttarakhand, through selective franchising for pathology services, while enhancing digital platforms and direct-to-consumer channels to drive scalable growth.

Chandan HealthCare is a trusted leader in diagnostics, blending a strong PAN-India presence with disciplined expansion and customer-focused innovation. With robust financials and a clear growth strategy, it is well-positioned to deliver value to investors and transform healthcare across emerging and metro markets.

The company was listed on NSE Emerge on 17^th February 2025.

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.

Mumbai (Maharashtra) [India], June 2: Neetu Yoshi Limited (BSE: 544434), one of the leading manufacturing customized products in various grades of ferrous metallurgical materials, including mild steel, spherical graphite iron, cast iron, and manganese steel, has announced its Audited Financial Results for H2 FY26.

Key Consolidated Financial Highlights

H2 FY26:

• Total Income of ₹55.63 Cr, YoY growth of 56.61%
• EBITDA of ₹17.94 Cr, YoY growth of 50.56%
• EBITDA Margin of 32.24%, YoY decline of 130 Bps
• Net Profit of ₹13.47 Cr, YoY growth of 58.57%
• Net Profit Margin of 24.21%, YoY improvement of 30 Bps
• EPS of ₹3.47, YoY growth of 14.90%

FY26:

• Total Income of ₹101.59 Cr, YoY growth of 43.47%
• EBITDA of ₹33.87 Cr, YoY growth of 44.54%
• EBITDA Margin of 33.34%, YoY growth of 25 Bps
• Net Profit of ₹25.01 Cr, YoY growth of 52.03%
• Net Profit Margin of 24.62%, YoY improvement of 139 Bps
• EPS of ₹6.91, YoY growth of 18.32%

Operational Highlights

Purchase Orders Across Government & Private Sectors.	• ₹18.64 Cr orders received from Government Railways and private sector clients• Orders include supply of castings, machined components, and railway rolling stock parts
RDSO Vendor Registration Approval	• Received fresh RDSO registration approval for Silico-Manganese & Manganese Steel Liners & Wear Plates  • Enabled participation in railway procurement tenders and supply programs
Strategic Plant Relocation to Haridwar	• Relocated proposed manufacturing plant to Haridwar, Uttarakhand  • Expected to enhance operational efficiency, logistics advantages, cost optimisation, and future expansion capabilities

Commenting on the performance Mr. Himanshu Lohia, Managing Director cum Chief Financial Officer, Neetu Yoshi Limited said, “We are pleased to report a strong financial performance for H2 FY26, with total income reaching ₹55.63 Cr and net profit at ₹13.47 Cr, registering a robust year-on-year growth of 56.61% and 58.57% respectively. The strong growth reflects our continued focus on operational excellence, disciplined cost management, and consistent execution across our manufacturing operations.

During the period, we further strengthened our position as a trusted partner to Indian Railways by deepening customer relationships, securing repeat orders, and enhancing production efficiency through better process integration and quality control. Our focus on precision engineering and adherence to RDSO standards continues to reinforce our reputation for reliability and high-performance products.”

About Neetu Yoshi Limited

Neetu Yoshi Limited (NYL) is a metallurgical engineering firm specializing in customized ferrous products, including mild steel, spherical graphite iron, cast iron, and manganese steel, ranging from 0.2 kg to 500 kg. It is an RDSO-certified vendor for over 25 casting products for Indian Railways and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health & safety management.

With advanced technology, skilled manpower, and strong technical capabilities, the company ensures efficient manufacturing of high-quality, customized products. Its expertise and infrastructure enable consistent productivity and cost-effective operations.

For FY26, the company has reported Total Income of ₹ 101.59 Cr, EBITDA of ₹ 33.87 Cr & Net Profit of ₹ 25.01 Cr on a consolidated basis.

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.