Category: Business

  • Shreeji Shipping Registers Robust Q1 FY26 Performance; EBITDA Margin Rises by 811 bps

    Shreeji Shipping Registers Robust Q1 FY26 Performance; EBITDA Margin Rises by 811 bps

    Mumbai (Maharashtra) [India], September 15: Shreeji Shipping Global Limited (NSE: SHREEJISPGBSE: 544490), is a shipping logistics company focusing on dry-bulk cargo, has announced its unaudited financial results for Q1 FY25-26.

    Financial Highlights for the quarter ended June 30th, 2025 (Q1 FY26):

    ancial Highlights for the quarter ended June 30th, 2025 (Q1 FY26):

    • Revenue from Operations of the company stood at ₹161.19 Crore in Q1 FY26, while it was ₹130.07 Crore in Q1 FY25.
    • EBITDA of the company stood at ₹59.87 Crore in Q1 FY26, while it was ₹37.76 Crore in Q1 FY25. EBITDA Margin improved to 37.14% in Q1 FY26 as against 29.03% in Q1 FY25, an improvement of 811 bps.
    • Net Profit of the company stood at ₹37.54 Crore in Q1 FY26, while it was ₹25.20 Crore in Q1 FY25. Net Profit Margin improved to 23.08% in Q1 FY26 against 19.11% in Q1 FY25, an improvement of 397 bps.
    • EPS (Diluted) of the company stood at ₹2.54 in Q1 FY26 compared to ₹1.77 in Q1 FY25.

    Key Financial Snapshot:

    • EBITDA of ₹ 59.87 Cr, YoY growth of 58.57%
    • EBITDA Margin of 37.14%, YoY growth of 811 bps
    • Net Profit of ₹ 37.54 Cr, YoY growth of 49.01%
    • Net Profit Margin of 23.08%, YoY growth of 397 bps
    •  EPS (Diluted) of ₹ 2.54, YoY growth of 43.50%

    Management Perspective

    Mr. Ashokkumar Haridas Lal, Chairman & Managing Director, stated on their Q1 FY25-26 financial performance

    Our Q1 FY26 results demonstrate the strength and adaptability of our integrated shipping and logistics business. We delivered a strong performance with EBITDA of ₹59.87 crore and net profit of ₹37.54 crore. EBITDA grew by 8.11% and net profit increased by 3.97%, driven by efficient cargo handling and a disciplined focus on cost optimisation.

    Typically, the first half of the financial year sees lower revenue compared to the second half due to monsoon-related restrictions at some ports. Despite this, we achieved a revenue increase, supported by our diverse service offerings, long-term contracts, and wide geographic presence, which help us manage seasonal fluctuations. We expect the remaining quarters of FY26 to continue performing strongly.

    Customer growth remains a vital driver for us. Over the past three years, revenue from new customers has steadily grown from 3.41% in FY23 to 7.79% in FY25. This reflects our ability to expand our expertise across Oil & Gas, Energy, FMCG, Coal, and Metals, while also broadening into adjacent sectors.

    Recently Company has received a Letter of Intent to establish Floating Crane Facilities at Diamond Harbour under the Syama Prasad Mukharjee Port Trus,t Kolkata. This strategic addition will enhance our port-led services and is expected to contribute to revenue starting this financial year.

    Additionally, the fresh capital raised from our IPO will support the expansion of our service portfolio. With a well-diversified fleet, strong customer relationships, and a robust pipeline of projects, we remain confident in sustaining growth, enhancing profitability, and delivering long-term value to our stakeholders.

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  • Right Paydays Launches in the USA: Compare Payday & Personal Loans on a Smarter Loan Comparison Website

    Right Paydays Launches in the USA: Compare Payday & Personal Loans on a Smarter Loan Comparison Website

    New Delhi [India], September 15: RightPaydays.com officially launches across the United States, offering a modern solution for borrowers to compare payday loans and personal loans quickly, safely, and without hidden fees. The platform is designed for those who want to compare loans online from licensed lenders — with full transparency, zero pressure, and faster results.

    With consumer-friendly tools, data security, and an interface that takes under 5 minutes to use, RightPaydays.com aims to become the top loan comparison website for Americans seeking financial help without the usual stress or confusion.

    Compare Payday Loans & Personal Loans Online — in Just Minutes

    Right Paydays is not just another loan form. It’s a high-conversion loan comparison website built specifically to help users compare payday loan options, personal loan offers, and emergency financing products in a few clicks.

    Instead of applying individually to multiple lenders, borrowers complete a single, short online form. Within minutes, they can review real offers from licensed U.S. lenders — whether they need fast payday funding or a longer-term installment loan.

    “People need smarter ways to borrow money online,” said a Right Paydays spokesperson. “We built this platform so users can instantly compare payday loans and personal loan options — safely, quickly, and without any fees.”

    Why RightPaydays.com Stands Out in the Loan Comparison Space

    Here’s what makes this loan comparison website different from others:

    Fast, Mobile-Friendly Application

    Borrowers can complete the online form and view loan options in under five minutes. The entire process is optimized for mobile, tablet, or desktop use.

    Compare Payday Loan Offers from Multiple Lenders

    Users can instantly compare payday loan offers from verified lenders side by side, helping them make smarter short-term borrowing decisions.

    See Personal Loan Options for Larger Amounts

    Beyond payday loans, the platform also supports personal loan inquiries — ideal for those needing higher amounts or longer repayment terms.

    No Fees or Hidden Costs

    RightPaydays.com is 100% free to use. There are no service charges, no hidden markups, and no obligations to accept any offer.

    Encrypted and Secure

    User data is encrypted and shared only with licensed lenders who follow strict compliance standards. Privacy and security are top priorities.

    Built for Real Users, Not Just Lender Leads

    Right Paydays was designed to reduce friction for users — with plain-English forms, intuitive navigation, and no aggressive upselling.

    Built to Help You Compare Loans with Confidence

    Whether it’s a car repair, a utility bill, or medical expenses, financial emergencies can strike at any time. That’s why Right Paydays was built with speed, clarity, and trust at its core. The platform lets users compare payday loans or personal loans from multiple sources — all in one place — so they can choose the best option for their needs.

    It’s not just about speed. It’s about control. Right Paydays gives users the ability to:

    • Understand what they’re signing up for
    • Avoid applying at multiple sketchy sites
    • Choose lenders based on repayment terms and amounts
    • Take back control of their borrowing process

    “We’ve seen how confusing it can be to compare loans online,” the team added. “So we built RightPaydays.com to solve that — to give people a real tool that saves time and improves trust.”

    Who Is Right Paydays For?

    RightPaydays.com is designed for everyday Americans who:

    • Want to compare payday loan offers safely online
    • Need fast access to emergency funds without high-pressure sales
    • Prefer to see both payday and personal loan options in one place
    • Value transparency, speed, and a simple application process

    The service is especially useful for those living paycheck to paycheck or working hourly jobs, where quick access to funds can prevent cascading financial issues.

    About RightPaydays.com

    RightPaydays.com is a U.S.-based loan comparison website created by Payday Ventures, a digital finance company specializing in high-intent performance marketing and fintech solutions. The platform is designed to connect borrowers with licensed lenders offering payday loans, personal loans, and emergency credit solutions.

    Right Paydays is fully committed to ethical lending partnerships, consumer-first design, and providing a smarter way to compare loans online in 2025 and beyond.

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  • Sarveshwar Foods Ltd. Bags INR 631 Mn Export Deal with Singapore’s Swan International, Accelerating Global Expansion Drive

    Sarveshwar Foods Ltd. Bags INR 631 Mn Export Deal with Singapore’s Swan International, Accelerating Global Expansion Drive

    Srinagar (Jammu & Kashmir) [India], September 15: Sarveshwar Foods Limited (BSE: 543688, NSE: SARVESHWAR), an emerging player in the FMCG sector and a trusted name for its premium basmati rice from the foothills of the Himalayas, and its subsidiary, Sarveshwar Overseas Ltd., have secured four major export contracts from Singapore-based Swan International Pte Ltd for the supply of premium Indian parboiled rice. The cumulative order size stands at ~ INR 631 million,  across varieties of Rice.

    Swan International Pte Ltd is an experienced team of professionals with exposure to multiple geographies and industries, engaged in building a next-gen agriculture supply chain company, powered by technology. Swan International Pte. Ltd. is one of the growing Company in Storage Warehousing, Processing & transportation of Agricultural Produce & thus supplies the Produce through its supply chain Management to meet the requirements of Buyers around the world.

    This milestone underscores Sarveshwar Foods’ rising stature as a formidable global player in the rice exports business, reinforcing India’s leadership in agricultural commodities on the international stage.

    Mrs. Seema Rani (Director- International Business), Sarveshwar Foods Limited, said, “Securing export orders of this scale from a reputed international buyer is a strong validation of our global competitiveness, supply chain strength, and uncompromising quality standards. This deal accelerates our growth trajectory in high-margin export markets.

    These contracts are a testament to our long-term relationships, execution capabilities, and our brand’s growing equity in the international marketplace. With rising global demand for Indian rice, we are confident of building upon this momentum to scale newer milestones”

    Sarveshwar Foods Limited (SFL) is an ISO 22000:2018 and USFDA (United States Food and Drug Administration) certified Company. SFL also has BRC (the biggest global standard for food safety), Kosher, NPPO USA & CHINA, along with NOP-USDA Organic certifications for its products. The Company is engaged in the business of manufacturing, trading, processing, and marketing of branded and unbranded basmati and non-basmati rice in the domestic and international markets. Our operations are based out of the Jammu Region in the State of Jammu and Kashmir and the Gandhidham region in the State of Gujarat. SFL has a sustainable and eco-friendly legacy of serving healthy and tasty rice for more than 130 years, and in the last couple of decades, it has proliferated its heritage to other premium categories of FMCG and Organic products.

    SFL belongs to the lands in foothills of Himalayas, which is nourished by fertile mineral-rich soil, organic manure and snow melted waters of river Chenab, wherein, without using any artificial fertilizers and chemicals, they produce full range of ‘ORGANIC’ products, being sold with brand name ‘NIMBARK’ – conceptualized to spread the philosophy of the ‘SATVIK’ conscious lifestyle.

    To sell its products, SFL has adopted 3-way strategies, first through conventional channels, another to have its own retail outlets, and to tap young and tech-savvy generations’ growing tendency of buying products online through www.nimbarkfoods.com and various E-commerce platforms such as Amazon, Flipkart.

    SFL is the first private sector NSE and BSE-listed Food Company in Jammu & Kashmir.

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  • Punjab’s Urban Lifestyle Gets a Makeover: Residential Trends Fuel Next-Gen Housing Growth

    Punjab’s Urban Lifestyle Gets a Makeover: Residential Trends Fuel Next-Gen Housing Growth

    Zirakpur (Punjab) [India], September 15: The residential real estate market in Punjab is witnessing a notable transformation as changing lifestyle preferences and rising demand for modern homes reshape urban living across key cities, including Mohali, Chandigarh, and Kurali. Buyers today are increasingly focused on quality, sustainability, and community-centric spaces, compelling developers to adopt innovative residential concepts that cater to these evolving expectations.

    The growing popularity of gated townships, plotted developments, and mixed-use communities reflects buyers’ desire for spacious layouts, green open areas, and proximity to essential amenities such as schools, healthcare, and retail outlets. These features not only enhance the living experience but also contribute to higher property appreciation and long-term value.

    L.C. Mittal, Director of Motia Builders Group, said, “Homebuyers in Punjab are seeking more than just houses; they want secure, sustainable communities that offer convenience and a balanced lifestyle. Developers who emphasise quality, infrastructure, and environment-friendly practices are gaining strong recognition in the market.”

    Motia Builders Group, a well-established name in Punjab’s real estate sector, has aligned its projects with these market dynamics. Their flagship project, Motia Dwarka Riverfront, exemplifies a modern residential approach with customizable plots, well-planned landscapes, wide roads, and 24/7 security—combining peaceful suburban living with easy access to urban amenities.

    Infrastructure improvements also play a key role in driving residential growth in Punjab. Upgraded roads, reliable utility services, and the integration of smart technologies are boosting buyer confidence and enabling developers to offer homes that meet global standards.

    The intersection of lifestyle-focused designs and sustainability is setting a new benchmark for urban housing. Developers adopting transparent practices and community-centric planning are positioned to lead Punjab’s residential growth trajectory in the coming years.

    As the market matures, homebuyers and investors alike stand to benefit from the expanding supply of quality housing options that reflect modern living needs. Punjab’s residential landscape is ready for significant growth, driven by demand for homes that offer safety, comfort, and a true sense of community.

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  • Urban Company IPO Frenzy 2025: All You Need to Know

    Urban Company IPO Frenzy 2025: All You Need to Know

    Mumbai (Maharashtra) [India], September 13: The Urban Company IPO didn’t just open strong; it detonated. Subscribed 103.6 times, it’s officially the hottest issue of 2025 in India. Investors hurled ₹1.13 lakh crore at a ₹1,900 crore offer. That’s not interesting. That’s mania.

    The IPO Stampede 2025

    You know a market’s frothy when demand makes no sense on paper. Urban Company’s IPO was that moment. Against 10.6 crore shares on offer, bids landed for 1,106.5 crore shares.

    • QIBs (Qualified Institutional Buyers): oversubscribed 140.2x. Foreign investors alone applied for 264.9 crore shares, while domestic funds and insurers bid for 319.7 crore. Mutual funds added 56.7 crore shares.
    • Non-institutional investors (NIIs): oversubscribed 74x.
    • Employees: oversubscribed 36.8x.

    That’s a stampede, not a subscription. And this wasn’t a one-company circus. Urban Company’s IPO rode alongside Dev Accelerator and Shringar House of Mangalsutra.

    Together, the three raised a combined ₹1.22 lakh crore in bids for just ₹2,400 crore on offer. If you’re wondering what “oversubscribed” looks like, this is it.

    Why Investors Can’t Quit Urban Company

    On the surface, Urban Company’s story looks simple: a platform connecting households with service professionals, cleaners, plumbers, beauticians, electricians, and carpenters. Think Swiggy, but for everything your home or body needs.

    But the numbers explain the frenzy:

    • Revenue: ₹1,144 crore in FY25, growing at a 34% CAGR since FY23.
    • Profit turnaround: from a ₹312 crore net loss in FY23 to a ₹240 crore profit in FY25. Even stripping out a one-time ₹211 crore tax credit, profits stand at ₹28 crore. Not massive, but a turnaround’s a turnaround.
    • Customer stickiness: repeat usage climbed from 76% in FY23 to 82% in FY25. For any platform business, that’s pure gold.
    • Expansion: operating in the UAE, Singapore, and Saudi Arabia. In markets where domestic help is expensive or legally complex, UC’s subscription cleaning model fills a real gap.

    That explains why the IPO commanded a 40% grey market premium by closing day. Investors see not just a services platform, but a consumer tech play with scale.

    The Catch: Margins Thinner Than Air

    But before you frame UC as India’s next HUL or Asian Paints, let’s get blunt. Its operating profit margin? Around 1%.

    That’s wafer-thin because new bets, like UC Native (selling water purifiers and smart locks) and international expansions, are still bleeding money. The only thing cushioning those losses is India’s core service business.

    Analyst Gaurav Garg of Lemonn Markets cut through the noise: “Stay cautious. Growth potential is there, but valuations are stretched.”

    Translation: yes, UC’s a strong story. But at 12x sales, you’re paying top-shelf prices for a business with slim margins.

    The Gig Worker Question

    Let’s not ignore the elephant in the room: UC runs on gig workers. They’re labelled “independent contractors,” but many don’t buy it. Unions across states argue UC exercises employer-like control through ratings, tiering, and booking systems.

    • Average hourly earnings: ₹317. Sounds fine until you realise even top 5% pros earn the same hourly rate, the difference is the volume of jobs.
    • Tier system: Gold, Silver, Bronze. Drop 0.01 in your rating? You’re downgraded. Fewer jobs, lower income.

    This isn’t just worker whining. Globally, gig platforms from Uber to Deliveroo have faced regulatory crackdowns. India’s government is slowly moving toward mandatory benefits for gig workers. Great for workers, costly for platforms. UC’s margins could get even thinner.

    The Bypass Problem

    Another risk: customers cutting UC out altogether. Book a service, like the professional, and next time? Call them directly. No commission, no UC. The company tries to police this, but let’s be real, leakage is inevitable. The whole model rests on trust and convenience. If UC can’t keep both airtight, loyalty cracks fast.

    The Competition Wildcard

    UC has no true national rival today. Sure, local players exist, but no one has UC’s scale. The only real potential disruptor? Swiggy. It’s quietly testing an AI-powered platform called Pyng. If Swiggy throws serious money behind it, UC could suddenly face a competitor with a bigger customer base and deeper pockets.

    If that happens, UC risks over-diversifying, chasing too many new verticals and losing focus. We’ve seen this movie before with EaseMyTrip, where spreading thin backfired with both customers and investors.

    India’s IPO Pipeline: Fire in FY25, Inferno in FY26

    Urban Company’s IPO isn’t just about one company. It’s a symptom of India’s IPO mania.

    • 2024: ₹1.5 lakh crore raised through IPOs, putting India in the global top league.
    • 2025: still holding that position, despite volatility.
    • 2026 pipeline: ₹2.8 lakh crore lined up (excluding Reliance Jio). SEBI has already approved ₹1.14 lakh crore worth of issues, with another ₹1.64 lakh crore waiting.

    What’s fueling the fire? SEBI’s reforms. Using AI to scan documents, regulators have slashed approval timelines. For issuers, that means faster entry. For investors, more choice. And apparently, they can’t get enough.

    How Urban Company IPO Compares With Past Blockbusters

    Urban Company’s 103.6x subscription puts it in elite company:

    • Zomato (2021): oversubscribed 38x.
    • Nykaa (2021): oversubscribed 82x.
    • MapmyIndia (2021): 154x, one of the craziest oversubscriptions in history.

    UC didn’t beat MapmyIndia’s record, but it outpaced every 2025 IPO and secured bragging rights as this year’s crown jewel.

    Globally? China and the U.S. dominate IPO charts, but the Indian retail investor army is what makes these numbers pop.

    Retail Investors: India’s New Power Bloc

    The most underappreciated force in this saga is retail money. Millions of Indians are opening demat accounts each month, fuelled by low-cost brokers and FOMO-driven social media chatter.

    In 2024 alone, retail investors accounted for nearly 40% of IPO participation. That’s unheard of in most markets. For Urban Company, retail investors may not have driven the QIB-sized numbers, but they added to the frenzy.

    And unlike institutions, retail rarely hedges. They chase GMP premiums and hope for a day-one pop. That keeps IPOs like UC’s sizzling.

    Listing Day: Where the Rubber Meets the Road

    Grey market premium (GMP) chatter gave UC a 40% markup. But let’s be clear, GMP is smoke, not fire. Real value shows up when the stock lists.

    If UC pops 30–40% on debut, confidence in India’s IPO pipeline goes stratospheric. If it flops, it’ll be a hard slap for those chasing every shiny new offer.

    Either way, Monday’s allotment and Wednesday’s listing will be the true litmus test.

    The Valuation Debate

    At 12x sales, UC’s IPO pricing is bold. Compared to global consumer-tech peers, it’s in line. Compared to domestic, it’s pricey.

    But UC has three things no Indian competitor does:

    1. National presence.
    2. Strong brand recall.
    3. First-mover advantage.

    Is that worth paying up for? Investors clearly think so.

    The India Context

    Step back and look at the macro. India’s IPO market isn’t just hot, it’s leading globally. Despite inflation, global slowdown fears, and oil price volatility, capital keeps chasing Indian growth stories.

    Urban Company is the poster child for India’s rising middle class: households paying for convenience, workers finding gigs through tech, and investors chasing the consumer story.

    This IPO wasn’t about one company. It was about India flexing as the world’s growth market.

    Conclusion: IPO Mania, with Caveats

    Urban Company’s IPO was record-breaking. It proved India’s IPO market is alive, healthy, and downright frothy. But let’s not sugarcoat it: the business model isn’t bulletproof. Margins are thin, competition lurks, gig-worker risks are real, and valuations are steep.

    Still, as India heads into FY26 with a record IPO pipeline, UC will be remembered as the showstopper of 2025. A company that started by scrubbing apartments now has investors scrubbing for allocation.

    That’s poetic. And very, very Indian.

    PNN News

  • Modern Diagnostic & Research Centre Limited Received In-Principle Approval From BSE

    Modern Diagnostic & Research Centre Limited Received In-Principle Approval From BSE

    Mumbai (Maharashtra) [India], September 12: Modern Diagnostic & Research Centre Limited (Modern Diagnostic, The Company), a service provider in diagnostic and related healthcare test services in India, has received approval for its Draft Red Herring Prospectus, marking a significant step toward its Initial Public Offering.

    The company plans to issue 41,00,000 fresh equity shares with a face value of ₹ 10 each. As the company moves forward with its IPO plans, the capital raised will be utilised for funding capital expenditure for the purchase of medical equipment for the diagnostic centre and laboratories, Working Capital requirements, Repayment of certain outstanding borrowings availed by the Company and General Corporate Purposes. This strategic allocation will help enhance operational efficiency, support growth initiatives, and strengthen the company’s financial position.

    Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while MUFG Intime India Private Limited will serve as the Registrar to the Issue.

    About Modern Diagnostic & Research Centre Limited:

    Modern Diagnostic & Research Centre Limited (Modern Diagnostic, The Company) is a diagnostic and healthcare testing service provider in India, offering a broad range of pathology and radiology services. The company’s diagnostic testing portfolio includes Pathology, encompassing Anatomical Pathology, Clinical Pathology, Forensic Pathology and Molecular Pathology, along with Radiology, which includes Diagnostic Radiology and Interventional Radiology services such as X-ray, Computed Tomography (CT scan), Magnetic Resonance Imaging (MRI), Ultrasound, Colour Doppler, CBCT, Mammography and BMD. These services are delivered using advanced computerised instruments, ensuring precise and dependable test results.

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  • Power & Instrumentation (Gujarat) Limited Increases Stake in Peaton Electrical Company Limited to 51.06%

    Power & Instrumentation (Gujarat) Limited Increases Stake in Peaton Electrical Company Limited to 51.06%

    Ahmedabad (Gujarat) [India], September 12: Power & Instrumentation (Gujarat) Limited (PIGL) (NSE: PIGL, BSE: 543912), one of the leading players in the electrical contracting and equipment sector, has agreed to acquire an additional 35.82% stake in Peaton Electrical Company Limited (PECL). This strategic acquisition will bring PIGL’s total shareholding to 51.06%, making PECL a subsidiary. Prior to this transaction, PIGL already held a 15.23% stake in PECL.

    About Peaton Electrical Company Limited

    • PECL specialises in manufacturing electrical materials such as unitised substations, M.V. panels, L.V. panels, bus trunking systems and compact substations
    • The company’s product portfolio also includes auto-synchronising panels, APFCR panels, distribution boards, and M.V. panels up to 33 KV
    • PECL operates in the electrical equipment manufacturing industry, with a focus on LT panels, bus trunking systems, compact substations, and other electrical materials
    • PECL has supplied products to major public sector undertakings, government and semi-government entities, and corporate clients for four decades

    The company’s turnover for the fiscal year 2024-25 is ₹36.04 Cr

    Strategic Rationale for the Acquisition

    • The companies will collaborate on product development, new technologies, and a preferred relationship for supplies of LT panels, bus trunking systems, and compact substations
    • PECL will invest in expanding manufacturing capacity to meet the growing requirements of PIGL
    • The current promoters of PECL will continue to lead the company’s management and operations to ensure continuity and a smooth transition

    Future Outlook for PIGL

    The full integration of Peaton Electrical Company Limited as a subsidiary is a significant step for PIGL’s long-term growth strategy. This move is expected to strengthen PIGL’s product portfolio and enhance operational synergies through a reliable supply chain. By securing a majority stake, PIGL is positioning itself for accelerated growth, an expanded market presence, and increased profitability for its stakeholders.

    Commenting on the update, Mr. Padmaraj Padmnabhan Pillai, Managing Director of Power & Instrumentation (Gujarat) Limited said, “This acquisition marks a pivotal moment for PIGL. We are incredibly excited about the synergies this partnership will unlock, combining the extensive experience of both companies, PIGL’s market reach and strong client base with PECL’s decades of manufacturing excellence and innovation.

    Together, we aim to accelerate product development, adopt new technologies, and scale up manufacturing capacity to meet the growing demand across public, private, and government projects. By integrating PECL as a subsidiary, PIGL will be able to strengthen its product portfolio, build a more reliable supply chain, and capture larger opportunities in the electrical equipment sector. This move positions us for sustained growth, enhanced competitiveness, and greater value creation for all stakeholders. ”

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  • Repono Expands Chemical Sector Presence with Multi-Year Contract from Deepak Phenolics Limited

    Repono Expands Chemical Sector Presence with Multi-Year Contract from Deepak Phenolics Limited

    Mumbai (Maharashtra) [India], September 12: Repono Limited (BSE: 544463), a 360-degree warehousing and liquid terminal solutions provider to India’s oil and petrochemical sector, has announced the signing of a three-year manpower services agreement with Deepak Phenolics Limited (DPL).

    Manpower Services at Dahej Facility

    Under the agreement, Repono will provide skilled, semi-skilled, and unskilled manpower support for tank farm operations at DPL’s Dahej facility, one of the largest integrated chemical complexes.

    The contract is valued at ₹3 Cr for FY 2025-26, with an annual 7% price escalation built into subsequent years, taking the total value of the engagement over three years to ~ ₹9.64 Cr. The agreement will run till July 31, 2028.

    The scope covers critical loading and unloading of tankers, warehousing support, and allied operational manpower services, ensuring uninterrupted material handling for DPL’s high-volume production units.

    Strategic Significance

    This contract strengthens Repono’s presence in the chemical logistics and operations segment, building on its existing expertise in petrochemicals and oil terminals. It reflects the company’s ability to diversify into adjacent high-growth verticals while maintaining its position as a trusted partner for large-scale industrial operations.

    By leveraging its safety-first practices, compliance systems, and specialized workforce management, Repono aims to create a benchmark in manpower services for the chemical sector, similar to its established expertise in warehousing and O&M solutions for the oil and petrochemical industry.

    Commenting on the development Mr. Dibyendu Deepak, Managing Director of Repono Limited said, “Partnering with Deepak Phenolics Limited on this long-term engagement is a significant step for us. The Dahej facility plays an important role in India’s chemical manufacturing landscape, and supporting its tank farm operations reflects the trust placed in Repono’s capabilities. This association strengthens our presence in the chemical sector and reinforces our commitment to delivering reliable and efficient manpower solutions. With every new partnership, we move closer to our vision of becoming the preferred partner for mission-critical industrial services across the country.”

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  • Hem Decor: Redefining Workplaces and Homes with Thoughtful Design and Functional Furniture

    Hem Decor: Redefining Workplaces and Homes with Thoughtful Design and Functional Furniture

    Mumbai (Maharashtra) [India], September 12: Hem Decor, led by Mr. Hitesh Panchal, has established itself as a trusted partner for businesses and homeowners looking to create functional, stylish, and future-ready spaces. With decades of experience, the company has become the preferred choice of leading corporates and global brands, offering end-to-end expertise in:

    • Commercial Office Interiors – Designing ergonomic, collaborative, and productivity-driven work environments.
    • Home Interiors – Delivering personalized, aesthetic, and comfortable living spaces.
    • Office Furniture Solutions – Providing durable, innovative, and space-optimizing furniture tailored to client needs.

    Over the years, Hem Decor has proudly partnered with top-tier clients including UPS, Glenmark, Motherson, Renishaw, SSOE, Paras Defence, Boat, MRS Bearing, Pivotroots, RV Lifesciences, VNS Finance and many more reinforcing its reputation as a top-preferred partner in the industry.

    Speaking about Hem Decor’s journey, Mr. Hitesh Panchal said:

    “Our goal has always been to go beyond design and focus on how people truly experience their spaces, whether at work or at home. Every project is built on trust, detailing, and innovation.”

    Why Hem Decor?

    • Proven Track Record: Years of expertise in transforming corporate offices & homes.
    • Trusted by Global Brands: Preferred partner to industry leaders.
    • Complete Solutions: From interiors to customized furniture under one roof.
    • Client-Centric Approach: Every project is tailored to reflect client vision & functionality.

    Contact Hem Decor

    +91 9867140906 (Direct)
    +91 9664205238 (Direct)
    +91 9987979769 (Customer Support)

    Website: www.hemdecor.com
    Email Id: info@hemdecor.com

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  • Sania Mirza Partners with Boldfit as Athlete & Investor to launch and create Tennis and Pickleball Gear for India

    Sania Mirza Partners with Boldfit as Athlete & Investor to launch and create Tennis and Pickleball Gear for India

    Bengaluru (Karnataka) [India], September 12: Boldfit, one of India’s fastest-growing sports & fitness brands, is proud to announce that Sania Mirza, India’s legendary tennis icon, has joined as a Boldfit Athlete and Investor.

    Together, Boldfit and Sania will co-create and promote a new range of tennis rackets and pickleball paddles, specifically designed for Indian players and sports enthusiasts. Pickleball, emerging as the fastest-growing sport globally, requires quality gear, courts, and a supportive ecosystem—making this collaboration a timely step toward making the sport more accessible, aspirational, and performance-driven for millions.

    “Tennis has given me everything in life, and now I want to give back by making the sport more accessible in India. Pickleball too is exploding as a sport for all ages. Partnering with Boldfit allows me to use my years of experience to help design equipment that is lighter, durable, and built for Indian players. I believe this will inspire more people to pick up a racket and fall in love with these sports,” said Sania Mirza.

    Boldfit has built a reputation for high-performance sports apparel, footwear, and equipment, combining cutting-edge design with uncompromising quality. Founded in 2018 and headquartered in Bengaluru, the brand has quickly emerged as a leader in India’s sports and fitness ecosystem, catering to athletes at every level.

    “Sania isn’t done making history, and we’re thrilled she’s starting this bold chapter with us,” said Pallav Bihani, Founder & CEO of Boldfit. “This collaboration is about giving India’s aspiring players, whether in tennis or pickleball, access to products designed with the insight and experience of a legend. At Boldfit, we are building the sports brand India deserves—by partnering with the very best to create products for 1.4 billion people.”

    Through this collaboration, Boldfit aims to expand its footprint in racket sports, combining product innovation with athlete-driven insights. The addition of Sania Mirza also strengthens Boldfit’s mission to make sports a lifestyle, not just a game.

    “What Sania has achieved is unmatched. Her joining Boldfitgoes beyond equipment—it’s about inspiring millions to embrace sport as part of their lifestyle. It’s exciting to see cricket, tennis, table tennis, and pickleball coming together under one roof,” added KL Rahul, Boldfit Athlete & Investor.

    With this partnership, the Boldfit Athlete roster now spans cricket, table tennis, tennis, pickleball, and more—each collaboration reinforcing the brand’s ambition to be the cultural and sporting glue of modern India. This launch underscores Boldfit’s belief that discipline and play can co-exist, and that every sport—whether established, emerging, or reinvented—deserves a bold stage.

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