Category: Business

Hyderabad (Telangana) [India], June 1: Merritronix Ltd. is a 36-year-old electronics manufacturing company specialising in defence and aerospace applications. The company is hitting the capital markets with a 100% fresh issue IPO of up to 47 lakh equity shares on BSE SME, aiming to raise ₹70.03 Cr at a price band of ₹141–₹149 per share (lot size: minimum 2,000 shares and in multiples of 1,000 equity shares thereafter).

The IPO proceeds are proposed to be utilised primarily towards machinery capex, working capital requirements, and repayment of debt. The anchor investor date is May 29, 2026, and the issue will be open for public subscription from June 01 to June 03, 2026.

The company is backed by Madhu Kela through Founders Collective Fund, which holds a 3.61% stake in Merritronix Ltd.

Book Running Lead Manager: GYR Capital Advisors Private Limited

Issue Structure

• Total Issue Size: Up to 47.00 lakh equity shares (100% fresh issue) 
• Market Maker Portion: Up to 2.36 lakh equity shares 
• Anchor Investor Portion: Up to 13.36 lakh equity shares 
• Net QIB Portion: Up to 8.92 lakh equity shares 
• Non-Institutional Investors: Not less than 6.72 lakh equity shares 
• Retail Individual Investors: Not less than 15.64 lakh equity shares

Utilisation of Net Proceeds

Capital expenditure towards purchase of Machinery and equipment	Upto ₹ 2,136.43 Lakhs
Funding working capital requirements	Upto ₹ 2,195.21 Lakhs
Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company	Upto ₹1,271.92 Lakhs
General corporate purposes	[●]

Financial Highlights

Particulars	FY2026	FY2025	FY2024
Revenue from Operations (₹ Lakhs)	15,589.56	11,356.38	8,569.91
EBITDA (₹ Lakhs)	2,721.68	1,518.11	672.64
EBITDA Margin (%)	17.42%	13.31%	7.82%
PAT (₹ Lakhs)	1,610.30	865.95	305.03
PAT Margin (%)	10.33%	7.63%	3.56%
Net Worth (₹ Lakhs)	5,252.28	1,623.47	757.52
Debt- Equity Ratio	0.81	1.10	1.93

About Merritronix

Merritronix is led by Managing Director Mr. Dovari Amarnath, a Computer Science Engineering graduate from IIT Madras with over three decades of experience in the electronics manufacturing industry. 

Incorporated in 1988 and headquartered in Hyderabad, Telangana, Merritronix operates from the Electronic Complex, Kushaiguda, offering end-to-end ESDM services – PCB design, SMT/THT assembly, component sourcing, testing, and logistics – with a sharp focus on mission-critical defence and aerospace applications. The company holds long-standing approvals with BEL (since 2009) and HAL (since 2012), exports to Europe via Honeywell Aerospace since 2008, and has executed programmes spanning missile seeker assemblies, airborne radar systems, and defence aircraft DVRS. 

• Obsolescence management & reverse engineering – Specialises in keeping legacy defence systems operational through FFF replacements and system redesign
• CERN vendor via TIFR – Selected as a vendor for CERN projects routed through TIFR
• EN 9100:2018 certified – The globally recognised quality standard for aerospace and defence manufacturing, equivalent to AS9100D and JISQ 9100:2016. A mandatory prerequisite for most aerospace supply chains globally

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Chennai (Tamil Nadu) [India], June 01: 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 the receipt of additional confirmed orders aggregating to approximately ₹125 Cr (Excluding GST), further strengthening its business momentum for the FY27. With these new wins, the Company’s total confirmed order book has increased to ₹840.22 Cr (Excluding GST), providing strong revenue visibility for the upcoming period. 

The newly secured projects span across industrial and infrastructure segments and reflect the Company’s continued execution capabilities and client trust.

A significant portion of the new orders has been received from Grand Atlantia Panapakkam SEZ Developers Private Limited, part of a leading global footwear manufacturing group. The Company has been awarded a major civil and PEB construction project at SIPCOT Park in Ranipet, Chennai, with an estimated value of ₹105.37 Cr (including GST). The scope includes development of multiple workshop buildings, ancillary structures and parking facilities, with execution scheduled for completion by March 2027.

Further strengthening its association, Sathlokhar Synergys E&C Global Limited has also secured an additional civil and PEB work order worth ₹22.53 Cr ((including GST) for Phase 1B development at the same industrial project site in Ranipet, with completion expected by February 2027.

In addition, Sathlokhar Synergys E&C Global Limited has secured further orders from Ceylon Beverage Can Private Limited for execution of civil, PEB, MEP, pipeline and plant coordination works at its manufacturing facility in Maharashtra. This order is valued at approximately ₹15.36 Cr (including GST) and is expected to be completed by September 2026.

The Company has also received an international order from Ceylon Beverage Can Private Limited, Sri Lanka, for execution of MEP works at its factory facility, valued at approximately ₹3.68 Cr, with completion targeted by June 2026.

These project wins are expected to be executed within a period ranging from four to ten months for certain contracts, while larger projects extend into 2027, ensuring a steady flow of execution and revenue recognition over the coming quarters.

The expanded order book reinforces the Company’s position in industrial construction and turnkey EPC solutions, while also strengthening its presence across domestic and international markets. The strong pipeline of secured projects is expected to support sustained business growth and operational momentum in the near to medium term.

Commenting on the development, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited said, “These orders addition continued strength of our industrial EPC platform and our ability to secure opportunities across both domestic and international markets. As its our second international order is a meaningful step in our growth journey, supporting our strategy of building a diversified project portfolio

Our confirmed order book strengthens our business visibility, which stand at 840.22 Cr. Going forward, our focus remains on disciplined project execution, operational efficiency and timely delivery as we work towards converting this strong order pipeline into sustainable growth.

As we execute both new and ongoing assignments, our emphasis will remain on efficient project management, execution precision and sustaining strong client relationships across key markets. We will continue leveraging our integrated EPC expertise to strengthen market positioning and capitalize on emerging opportunities across domestic and international markets.”

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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New Delhi [India], June 01: Rathi Steel and Power Limited (BSE – 504903), one of the leading players in stainless steel long products and TMT bars, has announced its Audited Financial Results for Q4 & FY26.

KEY FINANCIAL HIGHLIGHTS

A. Q4 FY26 vs Q4 FY25 – Year-on-Year Comparison

B. Q4 FY26 vs Q4 FY25 – Year-on-Year Comparison (₹ Cr)

• Total Income ₹ 244.57 Cr, YoY growth of 63.34%
• EBITDA ₹ 9.89 Cr, YoY growth of 22.72%
• PAT ₹ 7.45 Cr, YoY growth of 95.84%
• PAT Margin 3.04%, YoY growth of 51 Bps
• EPS ₹ 0.86, YoY growth of 95.45%

C. FY26 vs FY25 – Full Year Annual Comparison (₹ Cr)

• Total Income ₹ 716.49 Cr, YoY growth of 41.76%
• EBITDA ₹ 28.90 Cr, YoY growth of 18.87%
• PAT ₹ 12.87 Cr, YoY growth of 39.24%

D. Q4 FY26 vs Q3 FY26 – Sequential Quarter Comparison (₹ Cr)

• Total Income ₹ 244.57 Cr, QoQ growth of 52.77%
• EBITDA ₹ 9.89 Cr, QoQ growth of 54.25%
• EBITDA Margin 4.04%, QoQ growth of 3 Bps
• PAT ₹ 7.45 Cr, QoQ growth of 290.53%
• PAT Margin 3.04%, QoQ growth of 185 Bps
• EPS ₹ 0.86, QoQ growth of 290.91%

* EBIDTA includes other income, excludes extraordinary and exceptional items 

* PAT includes other income, excludes extraordinary and exceptional items 

Key Performance Highlights and Development

• Operational Excellence & Capacity Utilization
  • Recommencement of TMT Bar Mill: The Company restarted operations at its TMT Bar Mill during the fiscal year. This strategic move enabled sweating out of existing idle assets, re-energized the brand equity, and revitalized the dealer and distribution network.
  • Surge in Rolling Mill Capacity: Driven by the commencement of the TMT Mill, the production levels of the Rolling Mill achieved a growth of 117% on a Year-over-Year basis.
  • Maintained strong operational resilience despite rising fuel costs and geopolitical disruptions
  • Direct charging capabilities in stainless steel wire rods continue to support fuel efficiency and operational competitiveness

• Technology Modernization & Cost Optimization
  • Direct Charging Project: Encouraged by the results of similarly running operations for the stainless steel division, the company commenced Implementation of the same for the TMT Mill. Slated for completion in the first half of current fiscal, this project is engineered to further reduce specific fuel consumption, drive down manufacturing cost and cut down on carbon foot print.   

• Sustainability & Environmental Stewardship
  • Prestigious GreenPro Certification: Confederation of Indian Industry (CII) granted GreenPro Certification to the Company’s TMT Bars, validating company’s alignment with top-tier environmental standards and green building requirements.
  • Certified products contribute towards LEED (Leadership in Energy and Environmental Design) and IGBC (Indian Green Building Council) green building certification credits
  • Reinforces the Company’s focus on sustainable and environmentally responsible steel manufacturing
  • Certified rebars offer durable, high-quality, and toxic-free steel solutions.

 Green Steel Commitment

RSPL is India’s only stainless-steel wire rod manufacturer using direct billet charging technology, ensuring superior energy efficiency and lower carbon emissions. The company manufactures steel via the Recycling Route, ensuring minimal carbon footprint. CII GreenPro Type-1 Ecolabel Certified Fe 550 Grade TMT Rebars support LEED and IGBC green building certification credits.

MANAGEMENT COMMENT

Mr. Udit Rathi, Promoter, Rathi Steel And Power Limited:

“We have closed the fiscal year on a strong note, with robust performance in the last quarter. Despite market headwinds from macro-economic uncertainties and steel price volatility, we have demonstrated resilience and continued on our growth trajectory.

Our focus on strategic initiatives to improve product mix and efficiencies have reflected in our performance. Top line for the quarter grew over 63% YoY to Rs. 244.57 crores. EBITDA for the quarter grew about 23% YOY to Rs. 9.93 crores while PAT for the quarter nearly doubled YOY to Rs. 7.49 crores. Growth was driven by healthy demand for our products coupled with ramp up of operations of the TMT bar mill. Energy and other efficiency measures undertaken during the year helped offset pricing pressures, leading to better margins. During the year, green power purchased through open access contributed to more than a quarter of the overall power consumption. Company is committed to increase the share of green power in future.

The year marks a new phase in our journey as Rathi 2.0, with several key milestones. We continued to invest to upgrade our plant. Post gradual ramp of our TMT bar mill, we have initiated process of implementing Direct Charging Technology for the same, replicating what we did for stainless steel operations. Once implemented, this initiative is expected to further reduce specific fuel consumption and carbon foot print.

The GreenPro certification granted by CII for the TMT Rebars will help in marketing our TMT bars for the Green Projects of developers and to Government Supplies, where the Green Steel / Greenpro Certified steel are used. We aim to better utilize our existing capacities, leverage our sales network, and expand our brand visibility.

Our present Average Capacity utilisation levels provide us with significant headroom a to ramp up operations. We are taking proactive steps for the same. Alongside, we are also looking at organic and in-organic growth opportunities.

We have entered the new financial year on strong footing and are well positioned to capture the opportunities in the growing infrastructure, engineering and construction industry. Our focus remains on delivering sustainable value to all stakeholders. The present geopolitical situation does pose challenges and uncertainties, but we remain optimistic about the resilience of the Indian economy.

We would like to thank all our stakeholders and employees, for their continued support”

ABOUT RATHI STEEL AND POWER LIMITED

Rathi Steel and Power Limited (RSPL), headquartered in Ghaziabad, Uttar Pradesh, is a leading manufacturer of stainless steel and mild steel long products. Established in 1971, the company carries forward the renowned Rathi legacy built over five decades of innovation, trust, and quality in steel manufacturing.

Operating a modern integrated facility spread across about 12.5 acres in the NCR region, RSPL has a steel melting capacity of about 85,000 tonnes per annum and a rolling capacity of 2,00,000 tonnes per annum. Its diverse product portfolio includes stainless steel billets, wire rods, and TMT bars. It is India’s only stainless-steel wire rod manufacturer using direct billet charging technology, ensuring superior energy efficiency and lower carbon emissions.

In FY26, RSPL reported Total Income of ₹716.49 Cr, EBITDA of ₹28.90 Cr, and PAT of ₹12.87 Cr.

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The Cube Club

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

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

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

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

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

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

Key Financial Highlights

Particulars	H2 FY26	H2 FY25	% Growth
Total Income (₹ Lakhs)	24,375.47	14,318.31	70.24%
EBITDA (₹ Lakhs)	2,886.61	1,895.33	52.30%
PAT (₹ Lakhs)	1,979.86	1,171.26	69.04%

Particulars	FY26	FY25	% Growth
Total Income (₹ Lakhs)	36,519.36	25,069.51	45.67%
EBITDA (₹ Lakhs)	4,811.01	3,429.44	40.29%
PAT (₹ Lakhs)	3,172.46	2,202.50	44.04%
EPS (₹)	14.07	13.31	5.71%

Other Key Highlights

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

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

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

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

About JD Cables Limited

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

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

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

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

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

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

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

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

Approval of Visakhapatnam ITI Cluster

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

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

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

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

Focus Areas Discussed by the National Steering Committee

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

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

About PM-SETU

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

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

Growing Momentum Across States

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

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

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

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

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

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

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

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

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

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

About Mister Hair Clinic

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

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

FY26 Standalone Key Financial Highlights

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

Growth Engagements

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

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

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

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

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

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

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

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

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

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

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

Key Business Highlights FY26

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

About Intense Technologies Limited 

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

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

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

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

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

Key Consolidated Financial Highlights 

Q4 FY26

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

FY26

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

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

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

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

Operational Highlights

Acquisition of Nakoda’s Phase-3 Chips Manufacturing Assets

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

About Sumeet Industries Limited

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

About Avance Technologies Limited (ATL)

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

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