Category: Business

  • SPEL Bags Rs 32.23 Cr Worth of Orders, Marking Multiple Market Entries

    SPEL Bags Rs 32.23 Cr Worth of Orders, Marking Multiple Market Entries

    Chennai (Tamil Nadu) [India], August 14: Supreme Power Equipment Limited (SPEL) (NSE Code: SUPREMEPWR), one of the leading manufacturers of power and distribution transformers, has announced the receipt of five orders totalling ₹32.23 Cr in the span of one month. These orders encompass both domestic and international markets, reinforcing SPEL’s diversified customer base and expanding its global footprint.

    Order 1 – First project from Kerala State Electric Utility, and the largest of the five new contracts

    • Name of the client: Kerala State Electric Utility (KSEBL)
    • Scope: Supply of 5 nos. 25 MVA, 110/22 KV power transformers
    • Execution timeframe: Within 6 months (approx.)
    • Contract Value: ₹ 15.25 Cr (approx.)
    • Date of Receipt: 11th August 2025

    Order 2 – New orders from a reputed renewable power (solar) project company

    • Name of the client: Reputed Renewable Power (Solar) Project Company
    • Scope: Supply of 2 nos.. 55 MVA, 110/33 KV and 1 no. 30 MVA, 110/33 KV power transformers for pooling substations
    • Execution timeframe: Within 4 months (approx.)
    • Contract Value: ₹ 8.92 Cr (approx.)
    • Date of Receipt: 12th August 2025

    Order 3 – Strengthening domestic presence with Tamil Nadu Power Distribution Corporation Limited

    • Name of the client: Tamil Nadu Power Distribution Corporation Limited (TNPDCL)
    • Scope: Manufacturing and supply of distribution transformers
    • Execution timeframe: Within 18 months (approx.)
    • Contract Value: ₹ 4.48 Cr (approx.)
    • Date of Receipt: 28th July 2025

    Order 4 – First order from a steel sector client, expanding into a new industry

    • Name of the client: Reputed Steel Plant, Kerala
    • Scope: Supply of 31.5 MVA, 110/22 KV power transformer with NIFPS
    • Execution timeframe: Within 5 months (approx.)
    • Contract Value: ₹ 2.55 Cr (approx.)
    • Date of Receipt: 11th August 2025

    Order 5 – First-ever order from Mexico, marking entry into North America

    • Name of the client: A reputed industrial customer in Mexico
    • Scope: Supply of 9 MVA power transformer
    • Execution timeframe: Within 4 months (approx.)
    • Contract Value: ₹ 1.03 Cr (approx.)
    • Date of Receipt: 29th July 2025

    These wins underscore Supreme Power Equipment Limited’s ability to serve diverse customer segments and extend its presence across domestic and international markets. Each order reinforces the company’s reputation as a trusted partner in providing world-class transformer solutions that meet the evolving demands of the energy sector, while contributing to critical infrastructure development worldwide.

    With the addition of these five contracts worth ₹32.23 Cr, Supreme Power Equipment Limited’s (SPEL) standalone order book stands at ₹180.86 Cr as on 13th August 2025. The order book of its 90%-owned subsidiary, Danya Electric Company, stands at ₹17.26 Cr. Together, the consolidated order book totals ₹198.12 Cr, ensuring strong execution visibility in the months ahead.

    On the receipt of the order, Mr. Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited, said, “This set of contracts is particularly meaningful to us, not just for their combined value, but for the new doors they open. Our first project from Mexico takes us into North America, while our engagement with Kerala State Electric Utility marks our entry into the state’s power network. We are also working with a steel industry client for the first time, which is a promising addition to our portfolio.

    Each of these projects comes with distinct technical requirements, from large-capacity units for utilities to specialised transformers with advanced protection systems for industrial use. Our teams are prepared to deliver them all with the precision, reliability, and attention to detail that define our work. With the current consolidated order book at ₹ 198.12 Cr, we look forward to translating these opportunities into successful, on-time deliveries.”

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  • Intense Technologies Posts Q1 FY26 Revenue of  Rs 3,148 Lakhs with 4 Major Client Wins

    Intense Technologies Posts Q1 FY26 Revenue of Rs 3,148 Lakhs with 4 Major Client Wins

    Hyderabad (Telangana) [India], August 14: 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 Un-audited Q1 FY26 results.

    Key Consolidated Financial Highlights

    • Total Income: ₹ 3,147.93 Lakhs
    • EBITDA: ₹ 314.48 Lakhs
    • Net Profit: ₹ 125.27 Lakhs

    Q1 FY26 Highlights & Growth Momentum

    • New Client Wins: Secured four high-value BFSI clients, including a leading NBFC in Saudi Arabia, expanding Intense’s footprint in strategic growth markets.
    • Middle East Expansion: Won the first customer in Saudi Arabia, marking a key milestone in regional growth.
    • Robust Deal Pipeline: Multiple large opportunities in discussion.
    • AI-Led Growth: Advancing Agentic AI and GenAI capabilities to deliver faster decision-making, operational efficiency, and hyper-personalized experiences for enterprises.
    • Sectoral Traction: Continued momentum in BFSI, Insurance, and Government sectors.
    • Platform-Led Engagements: Focus on high-margin, recurring revenue models to enhance earnings stability.
    • Global Recognition: Endorsed by Gartner, IDC, Aspire, Celent, and featured in Omdia Universe: CPaaS Providers 2025 and No-Low-Pro AppDev Platforms 2025 Reports for technology excellence.
    • Intellectual Property Milestone: Secured copyright for the ‘AI-Driven Digital Communication Hub,’ enabling intelligent, real-time, unified communications to drive cost efficiency, regulatory agility, and customer-centric interactions.
    • Growth Drivers: Strategic wins, a healthy pipeline, and AI-driven innovations set the stage for stronger performance in the coming quarters.

    Commenting on the results, Mr. C.K. Shastri, Chairman & Managing Director of Intense Technologies Limited said: “We continue to derive long-term value for our clients and stakeholders alike. In the past quarter, we successfully delivered and handed-over a mission-critical digital transformation project, which is a testament to our capability to deliver large-scale projects; we are pursuing other large projects to fulfill the deficit.

    We continue to advance with our communications, data, and process automation platforms and services, empowering enterprises to transform and thrive. Our focus on strengthening core product capabilities, particularly around using Generative and Agentic Al has resulted in increased platform adoption. Investments in R&D and platform intelligence have positioned us to deliver more proactive, agentic Al use cases. Our focus remains clear: delivering practical, scalable solutions that help enterprises work smarter and respond faster. We continue to optimise for scale and agility, streamlining delivery models, upskilling teams, and embedding Al into our business operations to improve responsiveness and execution.

    Looking ahead, we remain focused on building resilient, future-ready platforms that help enterprises stay ahead of disruption and deliver sustained value at scale.”

    Ms. Anisha Shastri, Director of Intense Technologies Limited added: “Over the last quarter, we’ve continued to build strong momentum, our sustained efforts over the last year have resulted in adding four new BFSI clients in the quarter. By securing two recent engagements as recurring annual contracts rather than one-time licenses, we have strengthened our predictable revenue. Our international operations are now contributing more to our overall performance.

    With Gen Al embedded across our platforms, we’re not just enhancing efficiency; we’re enabling more intelligent, data-driven engagement for our customers across the board. Our integrated communications platform is built to meet the growing demand for speed, scale, and personalisation. We’re also making steady progress in applying agentic Al to real business contexts; the momentum is strong, and we remain committed to helping our clients turn emerging technologies into measurable outcomes. We’re also proud to announce that In10s has officially secured copyright protection for our groundbreaking Al-driven Digital Communication Hub, marking a_ significant milestone in our journey to transform enterprise communications. This platform serves as a one-stop customer engagement solution, spanning design to delivery, to revolutionise customer experience through intelligent, real-time, and unified communications.

    As we move ahead, our focus remains anchored in scaling with intent, executing with reliability, and building enduring value through meaningful, long-term partnerships. We are steadily shaping a high-performance organisation that delivers consistent value at scale.”

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  • Panchsatva officially Launched, Bringing Centuries-Old Ayurvedic Wisdom into Everyday Life

    Panchsatva officially Launched, Bringing Centuries-Old Ayurvedic Wisdom into Everyday Life

    New Delhi [India], August 14: Panchsatva, a wellness brand founded by Ayurvedic doctors with over 15 years of clinical practice, has officially launched in India with five functional herbal blends designed to make preventive health a part of daily routine. Rooted in Ayurvedic wisdom and formulated with clinical precision, the product line is entirely clean label—crafted with natural, plant-based ingredients and free from artificial colours, flavours, preservatives, or synthetic additives.

    Highlights:

    • Crafted using the classical Phaant Kalpana technique, Panchsatva’s five blends – Ojus, Agni, Pachak, Shodhak, and Medhya – support core systems like immunity, digestion, detoxification, and mental clarity
    • Caffeine-free and consciously formulated, Panchsatva offers safe, everyday wellness for all age groups above 24 months

    Each of the five variants in Panchsatva’s launch portfolio addresses a core area of health. Ojus supports immunity, Agni aids digestion and metabolism, Pachak promotes nutrient absorption, Shodhak helps in natural detoxification, and Medhya enhances mental clarity, cognitive balance, and stress relief. These infusions are suitable for anyone above 24 months of age and can be consumed daily across varied routines—at home, at work, or while travelling.

    “Our commitment to creating a clean label, plant-based wellness solution stems from a deep understanding of what people actually need. Something simple, effective, and trustworthy,” said Dr.Kumar Anand, Co-founder, Consultant physician and Ayurveda expert at Panchsatva“These blends were born from listening to countless patient journeys and are designed to become a reliable part of everyday self-care.”

    What sets Panchsatva apart is its deep clinical grounding and use of the Phaant Kalpana technique. This is an age-old Ayurvedic method that involves gently infusing herbs in warm water to extract therapeutic properties. This traditional process not only enhances efficacy but also ensures the formulation is gentle and palatable, even for regular use.

    The idea for Panchsatva began in a home kitchen as a personal experiment in making Ayurvedic health more accessible. Guided by clinical experience and documented classical methods, the founding team transformed the concept into a line of blends that combine heritage and convenience, without compromising on quality.

    Early adoption among wellness-aware communities has been encouraging. With strong initial traction, the brand is now preparing to scale nationally and explore international markets, particularly in the Middle East and Far East, where interest in plant-based and Ayurvedic health solutions is rapidly growing.

    Beyond its consumer offerings, Panchsatva is also committed to sustainable farming practices and works closely with local communities to build a specialised agricultural ecosystem around Ayurvedic herbs. This environmentally conscious sourcing approach reflects the brand’s larger mission: to support holistic wellness that extends from individuals to the planet.

    About Panchsatva

    Panchsatva is a health and wellness brand committed to making Ayurveda simple, clean, and part of modern lifestyles. Its herbal blends are based on classical Ayurvedic techniques and made with 100% natural ingredients—free from any artificial additives. Panchsatva’s clean label positioning ensures transparency, trust, and effectiveness, while its eco-conscious sourcing practices support a sustainable wellness ecosystem. Through its unique blends and thoughtful formulations, Panchsatva aims to empower individuals to take charge of their health, naturally.

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  • Mukka Proteins Limited to Revolutionize Bengaluru’s Urban Waste Management with 300 TPD BSF Plant engineered by Advanced Scientific Technology

    Mukka Proteins Limited to Revolutionize Bengaluru’s Urban Waste Management with 300 TPD BSF Plant engineered by Advanced Scientific Technology

    Mangalore (Karnataka) [India], August 14: Mukka Proteins Limited (NSE: MUKKA | BSE: 544135), a leader in the animal protein industry has been officially empanelled as an Authorised Waste Processor by Bengaluru Solid Waste Management Limited (BSWML). Under this empanelment, the Company will manage the collection, transportation, processing, and scientific disposal strictly in accordance with the Solid Waste Management Rules, 2016 of 200–300 metric tonnes per day (MTPD) of wet waste, with a planned expansion to 1,000 tonnes per day (TPD). This service will cater to bulk waste generators categorised under BSWML guidelines. 

    This milestone underscores the Company’s commitment to sustainable practices, environmental responsibility, and innovation in waste processing. The initiative is expected to significantly contribute to Bengaluru’s waste management infrastructure, ensuring eco-friendly and scientifically sound disposal methods by converting city waste into high-value products like insect protein as an alternate source of protein supplements for fish feed and pet food supplements and organic compost.

    This development follows national recognition for waste management excellence in Mangaluru, where the company’s subsidiary, Ento Proteins Private Limited, operates a similar Black Soldier Fly (BSF) facility which is currently the largest unit at any municipal solid waste management site in India. The successful model in Mangaluru was recently praised by the Hon’ble Prime Minister of India, Shri Narendra Modi, during his ‘Mann Ki Baat’ address, highlighting the effectiveness and innovation of the initiative.

    In alignment with its expanded operational scope, Mukka Proteins Limited has proposed amendments to its Memorandum of Association (MOA) to include the following new business objects:

    Expansion in Insect-Based Products: Formalizing the business of developing and marketing ingredients from insects for a wide range of applications, including animal feeds, aqua feeds, and potential medical preparations, backed by dedicated R&D to enhance production and quality.

    Comprehensive Waste Management Solutions: Broadening the scope of waste management activities to include sourcing and processing of various waste streams (organic, food, agri waste) and offering specialized, environmentally friendly solutions on a commercial basis.

    Manufacturing of Agri-Inputs and Soil Conditioners: Venturing into the manufacturing, processing, and distribution of a wide range of agricultural inputs, including organic and inorganic compost, humic and fulvic acids, bio-stimulants, and other soil conditioners to support sustainable agriculture.

    Leadership Commentary

    Commenting on this development, Mr. K. Mohammed Haris, Managing Director & CEO, Mukka Proteins Limited, said:

    “Securing the Bengaluru project is a landmark achievement for Mukka Proteins. It allows us to apply our proven BSF technology on a metropolitan scale, addressing critical urban waste challenges while creating a circular economy. The recent commendation from our Hon’ble Prime Minister for our work in Mangaluru validates our approach and inspires us to replicate this success. This new plant not only represents a significant business opportunity but also reinforces our commitment to environmental stewardship and sustainable innovation.”

    Mukka Proteins Limited PNN

    About Mukka Proteins Limited

    Mukka Proteins is one of the key players in the Animal Protein industry in India and has been consistently awarded by the Marine Products Export Development Authority (MPEDA) for its export performance. It distributes its products within the domestic market and exports them to more than 20 countries. With its subsidiary Ento Proteins, MPL is a pioneer in using Black Soldier Fly technology to process food waste into insect meal and oil for aqua feed, animal feed, and pet food. The company is now expanding its focus to include large-scale urban waste management and a wide array of agri-business activities, reinforcing its commitment to sustainability and a circular economy.

    Safe Harbor

    Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. Past performance should not be simply extrapolated into the future. These statements are subject to risks and uncertainties, and actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry (global or domestic or both), significant changes in the political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

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  • Where Forests Breathe and Futures Begin: Odisha’s Quiet Digital Revolution

    Where Forests Breathe and Futures Begin: Odisha’s Quiet Digital Revolution

    New Delhi [India], August 14: There is a quiet power that lives in the first light of day, a golden hush that stretches over Odisha’s rooftops, washing temples, schools, hospitals, and homes alike in warmth. This sunlight is not merely nature’s gift; in Odisha, it is fast becoming the state’s strategy.

    With each rising sun, the state commits itself a little more to self-reliance by placing solar energy at the heart of its public infrastructure. And in doing so, it carves a unique path among Indian states: one where government rooftops do not just shelter but generate; where the sky is not the limit, but the source.

    This is Odisha’s solar awakening, quiet, certain, and irreversibly transformative.

    Resilience Rooted in Renewal

    Odisha is no stranger to adversity. From seasonal cyclones to economic challenges, the state has shown again and again that resilience is in its roots. But in today’s world, resilience is no longer defined by how well a system recovers, but by how wisely it evolves.

    And Odisha is evolving brilliantly.

    Across its administrative corridors, educational campuses, and healthcare institutions, the state is shifting from grid dependence to distributed, renewable power. The rooftops of public buildings are being reimagined, not as static spaces, but as productive assets.

    Each solar panel installed is a vote of confidence in the state’s future. Each inverter connected is a signal of efficiency. Each government building that generates its own power reflects a philosophy of governance that is clean, cost-effective, and climate-conscious.

    The Vision: Every Rooftop, A Renewable Resource

    The government’s vision is both bold and practical: to create a statewide solar ecosystem powered by grid-connected rooftop systems deployed across hundreds of public buildings.

    This is not just an environmental gesture. It is a decisive move to:

    ·Reduce long-term electricity expenditure across departments.

    ·Improve energy reliability, especially in far-flung districts.

    ·Empower institutions to lead by example in sustainability.

    ·Support India’s broader renewable energy mission.

    The scale is significant, but so is the intent. From urban blocks to tribal belts, from district collectorates to rural schools, Odisha’s rooftops are being mobilized to do more than shield; they are being equipped to serve.

    Engineering the Transition: Precision with Purpose

    The transformation from concrete slab to clean-energy generator is no simple task. It requires the convergence of vision, technology, safety, and standards.

    Each solar installation will follow a rigorous, structured process, including:

    ·Site Surveys & Feasibility Assessments: Load calculations, shadow analysis, rooftop viability, and simulation-based system sizing.

    ·Procurement & Installation: High-efficiency MNRE-approved solar panels, inverters, mounting structures, safety equipment, and electrical works.

    ·Testing & Commissioning: Compliance with BIS and IEC standards, DISCOM synchronization, and performance validation.

    ·Operation & Maintenance (O&M): Five years of uptime assurance, generation tracking, regular inspections, panel cleaning, and safety audits.

    These systems must deliver not just kilowatts, but consistency, durability, and data. Solar dashboards, real-time monitoring, net metering compatibility, and proper documentation make this more than a power play; it’s a data-driven governance innovation.

    Designing for Sustainability and Scale

    The rooftop solar installations will be tailored to the unique character of each site, accounting for geography, architecture, and energy needs.

    All components, from galvanized mounting structures that withstand Odisha’s coastal winds to copper cabling built for tropical conditions, are selected for longevity. The system design ensures minimal footprint, maximum exposure, and zero structural damage.

    The commitment extends beyond hardware. Each site’s staff will be trained in basic solar maintenance. Institutions will be empowered with data dashboards showing generation, savings, and uptime. In doing so, every installation becomes a local asset, not a remote project.

    Odisha’s Broader Solar Ambition

    This rooftop initiative is not a standalone effort. It is part of a larger movement to decentralize energy, reduce dependence on fossil fuels, and move toward a climate-neutral public infrastructure model.

    By converting its government buildings into solar microgrids, Odisha:

    ·Demonstrates leadership in public sector sustainability.

    ·Saves taxpayer money spent on conventional power.

    ·Reduces GHG emissions and aligns with India’s SDG commitments.

    ·Spurs local employment in solar services and maintenance.

    These are not just installations; they are symbols of smart governance. They represent a quiet revolution powered not by slogans, but by sunlight, and delivered building by building, district by district.

    Dexian India: Enabling Possibility, Empowering Performance

    As Odisha turns its gaze toward the sun, it requires skilled hands on the ground. Partners who understand the delicate balance of policy, power, and precision. Dexian India stands ready to support this transformative mission, not as a partner of record, but as a capable, experienced enabler.

    Dexian’s expertise spans the entire rooftop solar lifecycle, from site analysis and simulation to installation, performance engineering, and post-commissioning care.

    “In projects like these, success is not defined by installation speed. It’s defined by how confidently the system performs after five monsoons,” shares Venkat LakshminarasimhaExecutive Director – Solutions, India & Middle East.

    Dexian brings more than just panels and people. It brings:

    ·Turnkey EPC capabilities for government and institutional solar rollouts.

    ·Compliance-driven design and installation, following MNRE, CEA, BIS, and IEC norms.

    ·Customized O&M models with uptime SLAs, remote diagnostics, and reporting.

    ·A skilled engineering and safety team fluent in the realities of public infrastructure.

    Whether it’s a district hospital in Kandhamal or a training centre in Balasore, Dexian has the tools and talent to support Odisha’s renewable ambitions with respect, responsibility, and rigor.

    “At Dexian, we believe the real power lies not just in solar panels, but in the quiet confidence of a building that powers itself,” adds Venkat Lakshminarasimha.

    A Greener Governance Begins at the Top

    Literally and metaphorically, Odisha’s government is leading from the top. The roofs that once stood idle are now becoming engines of clean energy, symbols of responsibility, and sentinels of savings.

    This is a governance model not content with efficiency alone, but driven by equity, economy, and environment. As more buildings transition, more communities witness the power of solar not as an abstraction, but as something they see every day, powering fans, computers, water systems, and lights.

    Conclusion: Odisha’s Solar Horizon Is Here

    Odisha does not need to announce its progress. It radiates it. With every solar rooftop installed, with every inverter humming silently above a government office, the state moves closer to a future that is resilient, renewable, and remarkably self-sufficient.

    This journey is not about technology alone; it is about intent translated into action, about sustainability woven into systems, and about light, once taken for granted, now engineered for good.

    As the sun rises over Odisha tomorrow, it will no longer just warm its soil.

    It will power its schools, heal its hospitals, serve its citizens, and strengthen its state.

    About the Author:

    Venkat Lakshminarasimha – Executive Director, Solutions – India & Middle East at Dexian India

    Venkat Lakshminarasimha, Head of Solutions for India and the Middle East at Dexian India, is a distinguished leader in business and product management. His expertise in digital transformation spans IT enterprises, government bodies, and the AgriTech sectors. Venkat is adept at converting complex client needs into innovative, actionable solutions through a consultative approach. His close collaboration with clients on software development, product launches, and lifecycle management ensures smooth transitions and long-term success.

    Under Venkat’s leadership, Dexian’s Managed Services have expanded globally, with him overseeing hundreds of engineers across the US, the Middle East, and India in pioneering digital transformation and cognitive projects. He has been instrumental in establishing Centers of Excellence in data science, AI/ML, and AR/VR, showcasing his dedication to advancing engineering talent and fostering innovation. Venkat’s visionary leadership continues to drive excellence and growth in the rapidly evolving tech landscape.

    Please visit for More Information: https://india.dexian.com/

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  • Praveg’s Q1 FY26 Consolidated Total Income Up 61.50%

    Praveg’s Q1 FY26 Consolidated Total Income Up 61.50%

    Ahmedabad (Gujarat) [India], August 14: Praveg Limited (BSE – 531637), India’s leading eco-responsible luxury resorts company, reported its Unaudited Financial Results for the Q1 FY26.

    Key Financial Highlights

    Consolidated

    • Total Income of ₹ 39.86 Cr against ₹ 24.68 Cr in Q1 FY25, up 61.50%.
    • EBITDA of ₹ 6.22 Cr

    Standalone

    • Total Income of ₹ 29.88 Cr against ₹ 24.68 Cr in Q1 FY25, up 21.06%.
    • EBITDA of ₹ 3.30 Cr

    Key Operation Highlights

    Key Highlights for Q1 FY26

    • Hospitality and Event segment’s Revenue contributed ₹ 29.27 Cr
    • Advertisement Segment Contributed ₹ 10.12 Cr
    • The company is having total 825+ Rooms across 17 operational resorts and one hotel.
    • Completed handover of Bangaram Island Resort to IHCL, which will operate under the SeleQtions brand offering luxury eco-friendly experiences and benefiting from IHCL’s global marketing network.
    • Unveiled Praveg Resort Kachigam in Daman, a lakefront eco-luxury retreat with 50 sustainable cottages, spa, gym, pool, lakeside dining, and event facilities for weddings and corporate gatherings.

    Commenting on the results Mr. Vishnu Patel, Chairman, Praveg Limited said: “Q1 FY26 has been a challenging yet strategically important quarter for Praveg. We delivered a robust 61.50% growth in consolidated total income to ₹ 39.86 crore and maintained a positive EBITDA of ₹ 6.22 crore, despite the impact of seasonal and external factors that led to lower occupancy. Some of our recently launched properties Jawai, Bangaram, and Kachigam are in the early stages of brand building, and while they carry high fixed costs, we believe these destinations will emerge as strong revenue drivers in the coming years. Our Bangaram unit also underwent a smooth handover to IHCL for operation under the SeleQtions Brand.

    Despite the temporary dip in margins, our strategic direction remains unchanged. With over 825 rooms across 17 operational resorts and one hotel, a growing eco-responsible luxury portfolio, and strong partnerships, Praveg is well-positioned to capitalise on the growing demand for sustainable and experiential travel in India and globally. The investments and initiatives undertaken this quarter lay the foundation for sustainable growth and long-term shareholder value.”

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  • GFE Group Launches Strategic Export Diversification Plan to Strengthen India’s Global Trade Position

    GFE Group Launches Strategic Export Diversification Plan to Strengthen India’s Global Trade Position

    Ahmedabad (Gujarat) [India], August 14: In a decisive move to safeguard India’s export growth amid the uncertainty of potential Trump Tariff changes in the US, GFE Group has launched an ambitious India Export Diversification Plan. Aligned with Prime Minister Narendra Modi’s “Local to Global” and “Aatmanirbhar Bharat” vision, the initiative aims to open new global markets and reduce over-dependence on any single economy.

    For decades, the US has been one of India’s largest export destinations. However, evolving trade policies and proposed tariff changes have created challenges for exporters. GFE’s strategy addresses these risks by expanding India’s presence in emerging and high-growth markets.

    Strategic Leadership and Global Outreach

    At the forefront is CMD Mr. Vaibhav Sharma, a seasoned trade strategist with over two decades of experience. Recently, he led a multi-nation trade mission to Dubai, Saudi Arabia, Oman, Maldives, and Sri Lanka, meeting government trade bodies, importers, distributors, and industry leaders to identify opportunities in:

    • Agriculture & Food Processing: Spices, rice, fruits & vegetables, processed foods
    • Engineering Goods: Machinery, industrial components, auto parts
    • Textiles & Apparel: Garments, fabrics, home textiles
    • Gems & Jewellery: Imitation jewellery, handcrafted items, gemstones
    • Marine Products: Frozen seafood, value-added fish products

    Mr. Sharma said, “The diversity and quality of Indian products make them globally competitive. Policies like RoDTEP, EPCG, and ODOP can directly connect India’s smallest producers to the world’s largest markets. Our role is to bridge that gap with expertise, infrastructure, and trust.”

    Global Trade Acceleration Program – A 360° Solution

    GFE’s flagship Global Trade Acceleration Program (GTAP) offers end-to-end exporter support:

    • Export Finance: Trade finance, factoring, payment security
    • Marketing & Buyer Links: Verified global buyer connections
    • Logistics & Warehousing: Shipping, consolidation, distribution
    • Quality Control & Compliance: Meeting international standards

    With expanded warehousing and cold-storage in Dubai, Malaysia, and Vietnam, GFE ensures faster distribution and a competitive edge for Indian products.

    Trump Tariff Backup Plan – Reducing Risk, Expanding Horizons

    The plan reduces reliance on the US by building networks in the Middle East, Africa, Southeast Asia, and Europe. Benefits include:

    • Securing foreign exchange by diversifying markets
    • Boosting resilience during trade disputes
    • Empowering rural and semi-urban entrepreneurs
    • Generating jobs through expanded production

    Mr. Sharma added, “India’s export story is about leading with strength. The Trump Tariff issue reinforces the need for a wide, connected trade network.”

    Empowering Farmers, Artisans & MSMEs

    GFE connects grassroots producers directly with overseas buyers by:

    • Organizing export readiness training across India
    • Providing market intelligence reports
    • Offering complete logistics solutions from packing to customs clearance

    By combining policy advantages with private sector expertise, GFE ensures even the smallest exporters can compete globally.

    Expanding Partner Network for Local & Global Growth

    GFE has strengthened its presence with new Partner Offices in Bareilly (with Mr. Amit Ji) and Kolkata (with Mr. Vikash Ji) to serve Eastern India markets. These offices will help more entrepreneurs start domestic and international ventures, tapping local markets for inquiries and walk-ins while connecting them to global buyers.

    This expansion reflects GFE’s commitment to fostering partnerships and creating business opportunities for individuals and companies alike — a step towards continuous growth locally and globally.

    India’s Export Future – A Shared Vision

    More than a business initiative, this plan contributes to strengthening India’s position in the global economy. With strong on-ground presence in multiple countries, robust infrastructure, and a commitment to safe, transparent, and profitable trade, GFE Group is poised to play a pivotal role in shaping India’s export future.

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  • Nisus Posts Highest-Ever Q1, Reports 104 Percent Net Profit Growth

    Nisus Posts Highest-Ever Q1, Reports 104 Percent Net Profit Growth

    Mumbai (Maharashtra) [India], August 14: Nisus Finance Services Co Limited (BSE- NISUS | 544296 | INE0DQN01013) a renowned investment management firm specializing in urban infrastructure and structured finance, has published its Un-audited financial results for Q1 FY26.

    Q1 FY26 Key Financial Highlight

    • Total Income of ₹ 28.72 Cr, YoY growth of 91.49%
    • EBITDA of ₹ 21.69 Cr, YoY growth of 83.19%
    • Net Profit of ₹ 16.85 Cr, YoY growth of 103.55%
    • Net Profit Margin of 58.68%, YoY growth of 348 Bps

    Strengthening First-Mover Advantage Across Markets

    NiFCO strengthened its first-mover advantage during the quarter, leveraging its position as India’s first listed AIF manager with enhanced governance and market access. The RESO-1 fund maintained its focus on special situations in the real estate sector, including complex self-redevelopment projects delivering ~21% returns. Through its GIFT City structure, among the first licensed for Overseas Portfolio Investment, the company offers Indian investors compliant access to global opportunities, while its Dubai entity remains the only Indian-promoted fund to secure global lender leverage. NiFCO also advanced its early adoption of asset tokenization via a partnership with Toyow, expanding liquidity avenues and institutional investment reach.

    Key Operational Highlights:

    • Strong revenue momentum in Q1 FY26, supported by higher business volumes across both India and UAE markets.
    • Operating costs aligned with expansion plans; ₹24 Cr deployed towards fund setup and fund-raising expenses, to be amortized over the fund’s life.
    • Increased income from UAE operations lowered the effective tax rate, driving PAT margin to 59%.

    Commenting on the performance, Mr. Amit Goenka, Chairman & Managing Director of Nisus Finance Services Co Limited said: “This has been our strongest first quarter ever with revenue growing over 91 percent year on year and profitability more than doubling. We have seen strong momentum in both India and the UAE with a good balance between our fund management and advisory businesses. Our operating costs have stayed in line with our expansion plans which has allowed us to scale efficiently. 

    During the quarter we made significant progress investing in high potential urban redevelopment projects advancing our plans to acquire a leading construction platform and forming global partnerships in asset tokenization. These steps have strengthened our capabilities expanded our reach and reinforced the trust our stakeholders place in us. The results we have delivered this quarter are fully aligned with our growth guidance for the year and we are confident that Nisus is well on track to achieve it.

    Key Recent Business Update

    Acquisition
    • Nisus Finance raised ₹110 Cr from Tata Capital and DSP Finance to acquire a 69% stake in New Consolidated Construction Co. Ltd. (NCCCL).
    Partnership
    • Nisus Finance and BNW Developments partnered on a Dh150 Mn ready-to-occupy residential project in JVC, Dubai.
    Investment
    • Nisus Finance invested ₹115 Cr in redevelopment and housing projects across Mumbai and Pune.
    Tokenization
    • Nisus Finance signed an MoU with Toyow to tokenize up to US$500 Mn in real estate assets.

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  • Studio LSD Limited IPO Opens on Aug 18, 2025

    Studio LSD Limited IPO Opens on Aug 18, 2025

    Mumbai (Maharashtra) [India], August 13: Studio LSD Limited (Studio LSD, The Company) is a multimedia production house specializing in creating original and captivating content, proposes to open its Initial Public Offering on Aug 18th, 2025, aiming to raise ₹ 70.13 Crores (at upper price band) with shares to be listed on the NSE Emerge platform.

    The issue size is 1,37,50,000 equity shares with a face value of ₹ 2 each with a price band of ₹ 48 – ₹ 51 Per Share.

    Equity Share Allocation

    • Qualified Institutional Buyer – Not more than 1,32,000Equity Shares
    • Non-Institutional Investors – Not less than 51,72,000Equity Shares
    • Individual Investors – Not less than 77,58,000 Equity Shares
    • Market Maker – Up to 6,88,000 Equity Shares

    The net proceeds from the IPO will be utilized for capital expenditure, working capital requirements, and the general corporate purposes. The issue will open on Monday, Aug 18, 2025 and will close on Wednesday, Aug 20, 2025.

    The Book Running Lead Manager to the Issue is CorpwisAdvisors Private Limited, and the Registrar is Link Purva Sharegistry (India) Private Limited.

    Mr. Prateek Sharma, Managing Director of Studio LSD Limited, expressed, “At Studio LSD Limited, storytelling has always been at the heart of what we do. This IPO represents the next phase in our journey—one that builds on years of creating popular and high-quality television content for audiences across India. From drama and thrillers to romance, mythology, and comedy, our portfolio reflects both creative range and consistency. With the capacity to deliver around 1,800 minutes of content every month and our recent expansion into the music segment, we are well-prepared to meet the growing appetite for fresh, engaging entertainment.

    The funds raised will be used to expand our operations, enhance our in-house post-production facilities, and adopt advanced technologies like VFX, AI, and immersive video. These steps will allow us to strengthen our creative capabilities, improve efficiency, and bring more innovative stories to audiences.

    We see this IPO as an opportunity to deepen our foundation, move faster on our growth plans, and progress towards our vision of becoming a studio known for quality, creativity, and lasting audience impact.”

    Ms. Shilpa Kanodia, Director of Corpwis Advisors Private Limited, said, “We are glad to partner with Studio LSD Limited in its IPO journey. The company is recognised for its expertise in crafting compelling narratives and delivering high-quality content. The company is also diversifying into the music business.

    With the entertainment industry witnessing strong growth and a surge in demand for technology-driven storytelling, Studio LSD stands out with its comprehensive in-house production capabilities and adoption of modern technologies. Its consistent growth and industry recognition reflect both its creative strength and competitive positioning.

    This IPO will enable the company to scale its operations, upgrade its infrastructure, and capture emerging opportunities in a rapidly evolving content landscape. We believe Studio LSD is well-positioned for sustained growth and value creation.”

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  • Sarveshwar Foods Delivers Stellar Q1 FY26 Performance, Reporting Net Profit Growth of ~128 Percent

    Sarveshwar Foods Delivers Stellar Q1 FY26 Performance, Reporting Net Profit Growth of ~128 Percent

    Mumbai (Maharashtra) [India], August 13: Sarveshwar Foods Limited (BSE: 543688 | INE324X01026), One of the leading players in the agro product FMCG sector has achieved 29.30% YoY revenue growth in Q1 FY26 on a consolidated basis. The company’s strong quarterly performance reflects sustained quarter-on-quarter growth, driven by a significant rise in both domestic and export orders. The consistent growth in global and domestic demand this quarter underscores its rising competitiveness and steadfast commitment to quality. With each quarter, the company is not only expanding its geographical presence but also reinforcing its position as a trusted and resilient global food supplier.

    Key Financial Highlights

    Consolidated

    • Total Income of ₹ 301.35 Cr, YoY growth of 29.30%
    • EBITDA of ₹ 17.13 Cr, YoY growth of 36.29%
    • EBITDA Margin of 5.68%, YoY growth of 5.38%
    • Net Profit of ₹ 7.02 Cr, YoY growth of 127.52%
    • Net Profit Margin of 2.33%, YoY growth of 76.52%

    Commenting on the results, Mr. Anil Kumar, Managing Director, Sarveshwar Group, said:

    “I am pleased to share that Q1 of FY26 has commenced on a strong and promising note, building on the solid foundation we laid in the previous financial year. Compared to Q1 of FY26, we have recorded notable growth in both revenue and profitability, reflecting the effectiveness of our strategic roadmap and the robustness of our operations.

    This quarter’s performance demonstrates our sharpened focus on process innovation, product diversification, and market responsiveness. The sustained rise in demand—both domestically and globally—for our premium-quality rice and organic offerings is a testament to the trust our consumers place in the Sarveshwar brand.

    Our ability to adapt to shifting consumer preferences and evolving global market dynamics has allowed us to not only maintain momentum but also accelerate our growth trajectory. During Q1, we made significant strides in strengthening export volumes, optimizing supply chain efficiencies, and expanding retail presence across newer geographies. We also advanced key sustainability initiatives that align with our long-term commitment to environmentally conscious farming and inclusive growth.

    As we move forward into FY26, our focus remains on scaling operations, deepening distribution in high-potential regions, and strategically investing in innovation, infrastructure, and digital transformation. We are entering a phase of expansion with greater confidence, backed by clear consumer demand, operational strength, and stakeholder trust.

    I extend my heartfelt gratitude to our customers, partners, and the entire Sarveshwar team for their relentless dedication and support. Together, we will continue to build a future-ready enterprise that delivers value, sustainability, and excellence at scale.”

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