Category: Business

Goa [India], August 11:  In a powerful celebration of grassroots impact and visionary leadership, PACT Foundation commemorated its 2nd Foundation Day on August 8 at Clube Tennis de Gaspar Dias, Miramar, Goa. The event brought together educators, changemakers, government partners, and citizens to mark two years of PACT’s mission to transform education in Goa.

In unveiling the Foundation’s next big leap: #GoaSuper100, the event was graced by special guests — veteran actor and motivational speaker Anupam Kher, andacclaimed actor and philanthropist Sonu Sood, who joined PACT’s Founder and President, Dr. Ashwin Fernandes, in celebrating this milestone.

The Goa Super 100 is a full undergraduate scholarship program designed to empower 100 bright, underprivileged Goan students to pursue higher education at reputed universities across India. Envisioned by Dr.Ashwin Fernandes, this program marks a significant step in addressing the post-Class 12 education gap for economically constrained youth in the state.

Speaking at the event, Dr. Ashwin Fernandes said, “We have seen firsthand how hope takes root when resources meet responsibility. Goa Super 100 is not just about financial support — it’s about creating a generation of leaders who carry forward the spirit of equity, gratitude, and giving back.”

The initiative builds on PACT’s impressive track record of impact in just two years. Since its inception in 2023, the Foundation’s flagship Happy School Project has transformed over 20 rural and semi-urban government schools, creating clean, safe, and joyful learning environments for more than 6,000 students. From smart classrooms and libraries to playgrounds and clean sanitation, the schools have become thriving spaces of dignity, learning, and community pride. The Foundation Day also recognised the tireless efforts of teachers, community leaders, and volunteers who have co-created this journey of change.

In their keynote addresses, both Mr. Anupam Kher and Mr. Sonu Sood emphasised the power of education to transform lives. Mr. Anupam Kher encouraged students to dream big and persevere through challenges, while Mr. Sonu Sood praised Dr.AshwinFernandes for turning his global experience into grassroots action in his home state.

The Foundation Day concluded with a call to action from Dr.Ashwin Fernandes — inviting individuals, corporate partners, and the Goan diaspora to support the mission through donations, mentorship, or institutional partnerships. PACT will soon open the Goa Super 100 application portal, with the first cohort of scholars expected to begin college in the 2026–27 academic year.

From restoring schools to opening doors to universities, PACT Foundation continues to build an education ecosystem where every child can dream, achieve, and give back.

About PACT Foundation

The PACT Foundation, established in 2023 by education leader Dr. Ashwin Fernandes, is a Goa-based non-profit dedicated to transforming education for underprivileged communities through inclusive, community-driven initiatives. Its flagship Happy School Project has revitalised over 20 schools and impacted 6,000+ students across the state by creating joyful, child-friendly learning spaces. In 2025, PACT launched the Goa Super 100– a full undergraduate scholarship program for high-performing, low-income Goan youth. Rooted in the belief that hope takes root when resources meet responsibility, PACT empowers the next generation through access, equity, and dignity in education.

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Mumbai (Maharashtra) [India], August 11:  Remedium Lifecare Ltd., a rapidly growing player in the pharmaceutical supply chain and speciality chemicals sector, has announced its financial results for the quarter ended June 30, 2025, showcasing a remarkable turnaround in performance. The company reported a Profit After Tax (PAT) of ₹464.88 lakhs, a significant improvement from the loss of ₹204.60 lakhs recorded in the previous quarter ended March 31, 2025. Notably, the Q1 PAT has already surpassed the company’s total PAT for the entire FY25, which stood at ₹212.94 lakhs, highlighting strong operational momentum and a sharp rebound in profitability.

Key Highlight:-

• Q1FY26 PAT up by 508% at 464.88 lakhs compared to loss of 204.60 lakhs in Q4FY25
• Q1FY26 PAT at 464.88 lakhs against entire FY25 PAT of 212.94 lakhs

During the quarter under review, Remedium Lifecare posted revenue from operations of ₹11,336.67 lakhs. The Profit Before Tax (PBT) reached ₹571.23 lakhs, reflecting the company’s focus on effective cost management and enhanced operational efficiencies. This performance underscores the company’s strategic execution and resilience, positioning it well for continued growth in the coming quarters.

Commenting on the performance, Mr. Adarsh Munjal, Managing Director of Remedium Lifecare, said: “This quarter marks a significant milestone for Remedium Lifecare. Our focused strategy on operational efficiency and prudent financial management has resulted in a robust turnaround, with Q1 PAT surpassing the entire FY25 profit. We remain committed to building on this momentum and delivering sustained value to our shareholders while driving growth in our core healthcare and pharmaceutical segments.”

The strong Q1 results highlight the company’s ability to optimize costs, streamline operations, and adapt to market dynamics. The current performance highlights that Remedium Lifecare is well-positioned to continue its growth trajectory in the upcoming quarters.

In line with this strong financial performance, Remedium Lifecare is executing a long-term growth plan aimed at expanding its research and development (R&D) focus across key therapeutic areas such as anti-infectives, cardiovascular, and central nervous system (CNS) treatments.

This initiative will strengthen its innovation pipeline and ensure the development of advanced healthcare solutions. Our focus is to build a robust foundation for CDMO and R&D services that will position Remedium to secure new contracts, drive innovation, and improve margins through backward integration. Enhancing working capital will further improve inventory and supply chain management, ensuring seamless operations across its distribution network.

The company is also prioritizing global expansion, with a portion of funds earmarked for entering new international geographies and strengthening its presence in existing markets. These strategic initiatives, combined with its robust Q1 performance, will enable Remedium Lifecare to enhance operational resilience, drive innovation, and consolidate its leadership in both domestic and international markets.

With PAT for the first quarter more than doubling the annual profit of FY25, Remedium Lifecare is well-poised for continued growth, backed by innovation-led strategies and market expansion plans.

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Chennai (Tamil Nadu) [India], August 11: AFCOM Holdings Limited (AFCOM), (BSE – 544224), an integrated air cargo solutions company with operations across domestic and international routes. The Company has announced its Unaudited Financial Results for Q1 FY26.

Key Financial Highlights

• Total Income of ₹ 11,889.0 Cr, YoY growth of 198.1%

• EBITDA of ₹ 3,664.7 Cr, YoY growth of 2,401.8%

• Net Profit of ₹ 2,707.0 Cr, YoY growth of 4,255.5%

• EPS of ₹ 10.9, YoY growth of 3,102.9%

Commenting on this partnership, Capt. Deepak Parasuraman & Chairman & Managing Director of AFCOM Holdings Limited, said, “We are pleased to commence quarterly financial disclosures from Q1 FY26, a decision guided by our investor community’s request for more frequent updates and in line with our commitment to transparency. This shift enables us to better reflect the Company’s ongoing initiatives and operational developments across each quarter.

The cargo aviation industry is currently experiencing increased activity, driven by a higher freight rates and evolving trade dynamics. Afcom has maintained strong operational performance with a current network utilization of approximately 84%. We continue to expand into newer high-value sectors, strengthen our presence across key domestic and international hubs, and deepen interline partnerships to enhance cargo connectivity and turnaround efficiency.

A notable milestone was the launch of our new route to Hanoi, Vietnam, an interline agreement with Viet Jet to enable broader connectivity in the ASEAN region. These developments form part of our Phase 2 growth roadmap. Looking ahead, we remain focused on scaling operations through additional fleet additions, deeper international coverage, and technology-led enhancements.”

Q1 FY26 Key Business Highlights

Joins IATA Clearing House

• Accepted as a member of IATA Clearing House. • Endorsed for creditworthiness and operational credibility. • Gains free credit access with 330+ airlines and 230+ suppliers. • Enables interline, block space, and code-share agreements. • Access to global suppliers with faster, 15-day payment cycles. • Standardized invoicing and guaranteed settlements improve efficiency. • Supports global cargo movement via Afcom airway bill.

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Mumbai (Maharashtra) [India], August 11: Veefin Solutions Limited(BSE: VEEFIN | 543931), a leading technology enabler building the world’s largest working capital ecosystem, today announced the successful receipt of the final subscription amount for share warrants issued to its promoters. This marks the completion of the ₹8.43 crore capital infusion through the conversion of 4,20,000 convertible warrants into equity shares.

The warrants, originally allotted in March 2024, were subscribed by promoters Mr. Raja Debnath and Mr. Gautam Udani. In line with SEBI regulations, 25% of the issue price was paid at the time of allotment, with the remaining 75% now fully received.

This development underlines the promoters’ continued confidence in Veefin’s long-term strategy and further strengthens the Company’s capital position to drive its next phase of growth.

Strengthening the Balance Sheet for Strategic Expansion

This infusion enhances Veefin’s financial flexibility, allowing for accelerated investments in platform innovation, international market expansion, and ongoing strategic consolidation. With an API-first product suite and growing global client base, Veefin is well-positioned to scale sustainably while delivering high-impact, modular solutions across the working capital finance ecosystem.

Sustained Momentum Following Group Consolidation Plans:

The capital infusion follows Veefin’s recent announcement to consolidate its subsidiaries—Estorifi and GlobeTF—under the parent entity. This strategic move aims to unify the Company’s offerings across supply chain finance, digital lending, embedded finance, trade finance, and cash management.

Together, these initiatives reflect Veefin’s clear direction and preparedness to lead in the evolving global fintech landscape.

Mr. Raja Debnath, Chairman & Managing Director of Veefin Solutions Limited, said:

“Veefin is entering a phase of transformative growth. This capital infusion reflects our unwavering commitment to building a global platform that delivers exceptional value to clients and stakeholders alike. It enables us to scale with purpose and set new benchmarks in the industry.”

Mr. Gautam Udani, COO & Whole-Time Director, added:

“This milestone reaffirms our belief in the business and its future. The additional capital equips us to move faster, innovate deeper, and strengthen our mission of digitally transforming working capital ecosystems across markets.”

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New Delhi [India], August 9: Travel News India Private Limited today announced the official launch of its new travel retail brand Globiq, marking a major expansion into the fast-growing retail landscape of India and South Asia. Globiq will offer travelers and commuters a unique, high-quality shopping experience, spanning categories such as Books, Toys, Confectionery, Tobacco Products, and Chocolates through its CTN (Confectionery, Tobacco, and News/Books) format stores.

Under the newly appointed leadership team—Mr. Atul Jain as Managing Director and Mr. Shantanu Chakravartty as Chief Executive Officer—Globiq envisions rapid growth and innovation in the travel retail sector. The company has ambitious plans to launch 100 new stores across multiple formats over the next 12 months, strategically located in airports, universities, metro stations, and high street locations across the region.

Speaking on the announcement, Mr. Atul Jain, Managing Director of Globiq, said:

“Travel retail in South Asia is at an inflection point. With Globiq, we aim to redefine convenience, accessibility, and quality for travelers and consumers on the move. Our focus will be on curating a product mix that delights every customer segment.”

Mr. Shantanu Chakravartty, CEO of Globiq, added:

“Our vision for Globiq goes beyond traditional travel retail. We are creating an integrated brand presence that delivers premium assortments, consistent service, and engaging retail experiences at every location—be it an international airport or a busy city metro station.”

Globiq’s expansion blueprint for the coming year is backed by robust market research, industry partnerships, and a commitment to offering curated, customer-first retail experiences. The brand also plans to introduce innovative store designs and bespoke concepts for its CTN stores, catering to both local and international travelers.

With its launch, Globiq is poised to become one of the fastest-growing travel retail brands in the region, setting new benchmarks for convenience, variety, and experiential shopping in South Asia.

About Travel News India Private Limited

Travel News India Private Limited is a diversified travel media and retail company with a strong track record in delivering value-driven experiences in the travel sector. With the launch of Globiq, the company further strengthens its presence in high-growth consumer touchpoints across India and South Asia.

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Mumbai (Maharashtra) [India], August 9: Cupid Limited (BSE – 530843, NSE – CUPID) is rapidly scaling its In-Vitro Diagnostic (IVD) test kits business, driven by strong domestic demand, a growing international footprint and a clear expansion strategy.

Key Highlights:

• Diverse Product Portfolio: 15 IVD rapid test kits currently in production, including HIV, Syphilis, Pregnancy, and Hepatitis B; 3 new kits under development.

• Regulatory Certifications in Progress:

o CE Certification for 4 key products expected soon in 2025.

o WHO Prequalification for Malaria Test Kit targeted by mid-2026.

o Application for Malaria Pf Ag WHO prequalification by Q3 2026.

• Government Tender Eligibility: Eligible for all Central and State Government tenders after completing 3 years of production at the Maharashtra facility.

• Retail & GeM Demand: Available at chemist stores and labs nationwide. Supplying 120+ ESIC hospitals via the Government e-Marketplace with regular order flows.

• Modern Manufacturing Facility:

o Current Capacity: 1 lakh kits/day.

o Upcoming Capacity: 4 lakh kits/day by end-2026 through phased automation.

o New Machines: Fully automated pouching machine (installed); second machine (Q2 FY26); reel-to-reel dip & dry system (Q3 FY26).

• Approvals & Quality Compliance:

o Product approvals from CDSCO, ICMR, NIMR, NIB, RGCB.

o Certified for ISO 13485:2016, ISO 9001:2015, and ISO 14001:2015.

• Global Market Expansion: Country registrations completed and business initiated in Tanzania, Ghana, Liberia, Bangladesh, Philippines, Sierra Leone, Bhutan, Nepal and Uganda.

Cupid is well-positioned to expand its IVD business through certification-led global entry, rising government and retail demand and automated production scaling. With strong momentum and strategic investments, the IVD segment is expected to become a key growth engine for the company.

Commenting on the Development of IVD Test Kit Business, Mr. Aditya Kumar Halwasiya, Chairman and Managing Director said, “At Cupid, we see the IVD test kits segment as a high-impact, high-margin opportunity that aligns perfectly with our long-term vision of building scalable, quality-driven healthcare solutions. We are fully committed to accelerating this vertical both in terms of domestic market penetration and global expansion. Our strategy is clear, invest in automation to multiply capacity, secure global certifications to unlock new geographies and continue building a strong portfolio that addresses real diagnostic needs across communities. With growing demand, repeat government orders and regulatory traction in multiple countries, the IVD business is set to become one of the key growth engines for Cupid in the years to come.”

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Gurugram (Haryana) [India], August 8:  In a major step towards advancing electric vehicle adoption and promoting safer roads, Zypp Electric, India’s leading EV logistics platform, has partnered with the Traffic Police, Gurugram, under the “Green Hai Toh Zypp Hai” campaign. The initiative, which unites the core themes of sustainability and road safety, was officially launched today at Zypp HQ, Sector 66, Gurugram, during a special EV awareness rally. The event was honoured by the presence of Dr. Rajesh Mohan, DCP Traffic Gurugram, who joined as the Chief Guest.

The campaign’s powerful motto, “Green Hai Toh Zypp Hai”, underlines the urgent need for sustainable mobility through electric vehicles, while “Drive Right Shine Bright” reinforces the shared responsibility of safe and lawful driving. This collaboration marks a pivotal effort where Zypp Electric and the Traffic Police, Gurugram, will co-host future awareness drives and embed structured road safety modules into the Zypp Pilot App. These modules will support Zypp’s delivery partners with training, incentives, and enhanced adherence to traffic regulations.

The rally, backed by the participation of hundreds of enthusiastic EV riders, delivered a unified message to the city to embrace electric mobility, drive responsibly, and build a brighter, cleaner future.

Akash Gupta, Co-founder & CEO, Zypp Electric, commented that “At Zypp Electric, we believe that sustainable mobility and safe roads go hand in hand for building smart, livable cities. Green Hai Toh Zypp Hai Campaign is a movement towards EV Adoption, and our collaboration with Gurugram Traffic Police enables us to not only spread awareness about EV adoption but also embed a culture of safety among our delivery partners. Together, we aim to make every ride greener and every road safer.”

Dr. Rajesh Mohan, DCP Traffic, Gurugram, said, “I congratulate the Zypp electric team on their successful run for 8 years. The corporate sector also has a responsibility to contribute towards the goal of road safety and saving lives. When all stakeholders work together, behavioural change is then possible.

The campaign also coincides with Zypp Electric’s Foundation Day and a milestone of becoming EBITDA positive, being celebrated today, adding greater significance to the company’s ongoing mission of creating a greener and safer urban mobility ecosystem with more than 112 Million deliveries fulfilled in which 47 Million deliveries are for quick commerce reducing more than 55 Million+ Kgs of carbon emissions. A big aspect has been empowering gig-workers, with more than 2 lakh people empowered, with the highest gross income crossing 14 lakhs for top earners. Zypp Electric is poised to scale from 20,000+ EVs to deploy 100,000 EVs over the next 12 to 18 months across India’s top eight cities, including Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Pune, Lucknow, and Jaipur. With an ambitious vision, Zypp aims to scale up its fleet to 500,000 vehicles within the next 3 to 4 years, targeting 100% electrification of last-mile delivery by 2028.

About Zypp Electric  

Zypp Electric India’s Leading Tech-Enabled EV-as-a-service platform, was founded in 2017 with a Mission of Zero emissions and to make India carbon-free by using an ecosystem of Electric Vehicles and EV-based technology to make last-mile logistics sustainable and emission-free. Zypp Electric’s business model is to make carbon-free last-mile delivery for local merchants from e-commerce giants to delivery executives and thereby reduce delivery cost and pollution on an asset-light model. The company currently delivers groceries, medicines, food, and e-commerce packages from point A to point B through their fully automated IoT and AI-enabled scooters, which are low on maintenance and high on performance. The technology tracks batteries that can be replaced at Zypp swapping stations installed at key touchpoints. Eco-friendly EV services also reduce the cost per delivery and help to make the city pollution-free. Currently, it has over 20,000+ (as of August 25) and increasing Zypp EVs and Pilots (delivery executives) working towards this mission.

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Mumbai (Maharashtra) [India], August 9: Cupid Limited (Cupid, The Company), India’s premier manufacturer and brand of personal products have announced its Unaudited Financial Results for Q1 FY26.

Key Q1 FY26 Consolidated Financial Highlights

• Total Income of ₹ 64.75 Cr, YoY growth of 47.06%

• EBITDA of ₹ 16.47 Cr, YoY growth of 147.39%

• EBITDA Margin of 27.55%, YoY growth of 1053 Bps

• Net Profit of ₹ 15.01 Cr, YoY growth of 81.80%

• Net Profit Margin of 25.09%, YoY growth of 400 Bps

• EPS of ₹ 0.55, YoY growth of 83.33%

Post a strong Q1 FY26 performance the Cupid Limited Management:

• Reaffirms the revenue guidance of ₹ 335 Cr for FY26.

• ⁠Sees sustained growth and traction in its B2C FMCG segment with ₹ 100 Cr + target from this segment in FY26.

• ⁠Favourable ₹-USD exchange rate coupled with its most robust International Order Book and Order Pipeline are notable tailwinds for Cupid Limited in FY26.

• Cupid Limited’s business remains fully insulated from any global trade and tariff barriers.

Commenting on the performance, Mr. Aditya Kumar Halwasiya, Chairman and Managing Directorsaid, “We are pleased to commence FY26 on a strong note, delivering healthy growth in both revenue and profitability. This strong performance reaffirms our belief that FY26 will be Cupid Limited’s strongest year yet in its history. It reflects the power of our focused strategy, operational discipline, and the unwavering dedication of the entire Cupid team.

With a strong order book in hand, we are well-positioned to achieve our targeted turnover. Favourable tailwinds from the ₹-USD exchange rate are expected to further support our momentum, particularly as exports are projected to be a major portion of our business this FY. Encouragingly, our B2C segment is also gaining traction, especially during the festive season, and we are confident of surpassing ₹100 Cr in this Segment alone.

Our B2C FMCG business continues to grow at an impressive pace as we expand our footprint across India, reinforcing brand visibility and earning deeper consumer trust. The strong response from customers further validates our belief in the long-term growth potential of this segment.

Simultaneously, we remain deeply committed to our core B2B export business, which is witnessing renewed traction. Through sustained engagement with international stakeholders, we are receiving sizable orders from both institutional and non-institutional buyers. With multiple product certifications and registrations underway across key markets, we are confident of unlocking significant new opportunities globally.

Looking ahead, our dual-pronged strategy of scaling a fast-growing domestic FMCG presence while strengthening our established global B2B export business, positions us well to sustain this growth trajectory. Our mission remains steadfast: to deliver high-quality products, expand market leadership, and generate long-term value for our shareholders.”

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Rajkot (Gujarat) [India], August 9: Captain Polyplast Limited (CPL, BSE: 536974), is one of the leading manufacturer and exporter of micro irrigation solutions, and has diversified its operations into the burgeoning solar EPC segment. The Company reported its unaudited financials for Q1 FY26.

Q1 FY26 Standalone Key Financial Highlights 

• Total Income of ₹ 70.22 Cr, YoY growth of 7%

• EBITDA of ₹ 7.78 Cr, YoY growth of 14%

• EBITDA Margin (%) of 11.08%, YoY growth of 69 Bps

• Net Profit of ₹ 4.15 Cr, YoY growth of 51%

• Net Profit Margin (%) of 5.91%, YoY growth of 174 Bps

• EPS of ₹ 0.70, YoY growth of 35%

Q1 FY26 Consolidated Key Financial Highlights 

• Total Income of ₹ 70.22 Cr, YoY growth of 7%

• EBITDA of ₹ 7.78 Cr, YoY growth of 14%

• EBITDA Margin (%) of 11.08%, YoY growth of 69 Bps

• Net Profit of ₹ 4.30 Cr, YoY growth of 34%

• Net Profit Margin (%) of 6.12%, YoY growth of 124 Bps

• EPS of ₹ 0.73, YoY growth of 20%

Commenting on the performance Mr. Ritesh Khichadia, a Whole Time Director of Captain PolyplastLimited said, “We’ve begun the new financial year on a strong note, advancing across strategic priorities and sustaining our growth momentum. We have recorded a revenue growth of 7% YoY along with expansion in EBITDA margins which has resulted in standalone net profit growth of 51% YoY.

A major recent business update is our empanelment for supply of solar pumps under Component-B of the PM-KUSUM scheme by DGVCL in Gujarat. This strengthens our presence in the solar pumps segment and supports our mission to empower farmers with sustainable, water-efficient solutions.

With industry tailwinds strengthening through initiatives like PM Surya Ghar: Muft Bijli Yojana and Per Drop More Crop, we continue to see robust demand in both our solar EPC and micro irrigation businesses. Residential rooftop solar adoption is accelerating, and farmers are increasingly shifting towards modern irrigation technologies — trends that play directly to our strengths.

The recent warrant conversions have further strengthened our capital base and reflect continued investor confidence. Our credit rating upgrade also underscores financial discipline and robust business fundamentals. With a strong pipeline, expanding presence, and a clear focus on innovation and execution, we are poised to scale new heights in the coming quarters.”

Q1 FY26 Key Business Highlights

Credit Rating Upgrade	Infomerics Valuation and Ratings Limited has raised the company’s credit ratings from BBB- to BBB for long-term facilities and from A3 to A3+ for short-term facilities.
Allotment of Equity Shares on Preferential Basis	Issued 21,30,000 equity shares upon conversion of warrants to promoter and non-promoter group, increasing paid-up equity share capital from ₹11.50 Cr to ₹11.94 Cr.

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Mumbai (Maharashtra) [India], August 9: Mahendra Realtors & Infrastructure Limited is engaged in delivering a comprehensive range of engineering and construction services, proposes to open its Initial Public Offering on August 12, 2025, aiming to raise ₹ 49.45 Crores (at upper price band) with shares to be listed on the NSE Emergeplatform.

The issue size is 58,17,600 equity shares with a face value of ₹ 10 each with a price band of ₹ 75 – ₹ 85 Per Share.

Equity Share Allocation

• Qualified Institutional Buyer – Up to 56,000 Equity Shares

• Non-Institutional Investors – Not Less than 27,07,200 Equity Shares

• Individual Investors – Not Less than 27,63,200 Equity Shares

• Market Maker – 2,91,200 Equity Shares

The net proceeds from the IPO will be utilized for working capital requirements and general corporate purposes. The anchor portion will open on August 11, 2025 and issue will close on August 14, 2025.

The Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited and the Registrar is MUFG Link Intime India Private Limited.

Mr. Hemanshu Shah, Managing Director of Mahendra Realtors & Infrastructure Limited expressed “The launch of our IPO represents a pivotal milestone in our journey as we continue to build, restore, and reshape infrastructure across the country. Over the years, we have proudly led numerous projects in civil construction, structural rehabilitation, and public infrastructure under various models including Build-Operate-Transfer. Our legacy includes landmark works such as the structural enhancement of Vashi and Belapur Railway Stations—projects that reflect our technical strength and commitment to quality.

This public offering will enable us to strengthen our financial foundation. The net proceeds from the issue will primarily be utilized to meet our growing working capital requirements, ensure smoother execution of projects, and support general corporate purposes including operational upgrades and organizational growth. This capital infusion will empower us to scale our operations, enhance service delivery, and capture new opportunities in India’s dynamic and rapidly evolving infrastructure sector.”

Ms. Sakshi, Director of Fast Track Finsec Private Limitedsaid, “We are proud to support Mahendra Realtors & Infrastructure Limited in their IPO journey as they take a significant step toward scaling their operations and strengthening their market presence. The company has built a solid reputation in the engineering and construction space, offering services such as structural repairs, rehabilitation, retrofitting, waterproofing, and infrastructure restoration. With a proven track record of successfully completing over 500 projects across government and private sectors, and a robust order book in hand, MRIL is well-positioned for long-term growth

As India experiences a significant surge in infrastructure development, driven by government initiatives and urban expansion, we believe the company 6is well-positioned to capitalize on these opportunities. The company’s capabilities and execution history align well with the demands of a rapidly growing sector, and we are committed to supporting them throughout this important phase of growth.”

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