Category: Business

Mumbai (Maharashtra) [India], August 4:  Heerson, one of Mumbai’s most cherished premium dry fruits and mithai brands, marked the grand finale of its 50-year celebration with a felicitation ceremony at its flagship store in Vile Parle East. The brand honoured 50 customers with 1 gram 24-carat gold coins, bringing its month-long Golden Celebration to a meaningful close.

The event was led by the Chief Guest and Founder, Shri Dhirajlal Shah, alongside his sons and current partner-directors Hetan Shah and Bhavesh Shah. Campaign winners walked in to collect their gold coins and participate in the momentous celebration on August 02.

The felicitation event was part of the campaign of the 50th Year Celebration at Heerson, titled “A Golden Celebration of Taste and Purity”, which ran from July 1 to August 1, 2025. Customers who shopped for ₹1000 or more received a special Golden Box containing an assured discount scratch card, with 50 lucky winners winning gold coins. The campaign was a tribute from Heerson to the generations of families celebrating festivals, milestones, and everyday joys with their offerings.

“Fifty years ago, we began with a promise of purity. Today, seeing our customers walk in to celebrate this journey with us is a blessing I never imagined,” said Shri Dhirajlal Shah, Chief Guest & Founder, Heerson

Hetan Shah, Partner Director, Heerson said, “The Golden Box campaign wasn’t about discounts — it was about deep gratitude. At Heerson, we’re blessed to serve generations of families, and this gesture was our way of honoring that trust. Milestones are important, but what truly matters is making our customers feel seen, valued, and celebrated. This campaign was a reflection of who we are, rooted in tradition, filled with joy, and sincere in everything we do.”

Bhavesh Shah, Partner Director, Heerson, said, “Behind the scenes, this campaign was months in the making. But in the end, it all comes down to the smiles we saw today. We are evolving, modernising, and growing – but at our heart, we remain the same family-run brand that values every customer. Technology may have changed how we operate, but trust is still our core currency. We will keep blending old-world values with new-age thinking, but we will never forget where we came from. As we chart new paths and embrace innovation, our roots keep us grounded, reminding us that progress means little without purpose.”

Below are some of the Testimonials of gold Coin Winners

“My family has been visiting Heerson since the 80s. Winning this coin feels like a sweet memory wrapped in gold.”

– Reena Thakkar, Khar

“The scratch card surprise was fun, but more than that, it reminded me why we always come back to Heerson.”

– Mr. Aakash Patel, Juhu

“We shop here every Diwali. Getting rewarded for something we do with love every year is really special.”

– Meenakshi Nair, Vile Parle

Founded in 1975 by Shri Dhirajlal Shah, Heerson has grown from a small neighborhood store to a trusted name in premium dry fruits, traditional mithai, fusion sweets, namkeens, and more. Known for its quality, purity, and family-first approach, Heerson continues to serve Mumbai with products that honour both tradition and innovation.

For more information, kindly visit the website www.heerson.in; www.heerson.com

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Mumbai (Maharashtra) [India], August 4: Mumbai is poised to become the epicenter of industrial transformation as Automation Expo 2025, Asia’s largest and most comprehensive exhibition for automation and instrumentation, opens its doors from August 11–14, 2025, at the Bombay Exhibition Centre (BEC), Goregaon. Spanning an expansive 36,000 square meters, the 18th edition of this landmark event—organized by IED Communications Ltd.—promises to showcase the future of smart manufacturing, digital transformation, and sustainable industrial growth.

This is not just another trade show. It is a decisive meeting ground for forward-thinking professionals across industry verticals. Whether you’re a seasoned leader, engineer, system integrator, or procurement strategist, Automation Expo 2025 is a direct pipeline to the solutions driving competitiveness, operational efficiency, and personal growth in the automation age.

 

Exhibitors Comments:

Mr. Milan Desai        

Vice President – Industry Management & Automation (IMA)    

Phoenix Contact India Pvt. Ltd.

I invite you to visit our stand at Automation Expo 2025, where we’re showcasing cutting-edge solutions in sustainability — from carbon capture and green hydrogen to circular economy breakthroughs. Explore our innovative technologies shaping a sustainable future, featuring secure, safe, and open control automation; robust connectivity solutions; and reliable power systems that empower advanced electrification and communication networking. 

Dr. Hemal Desai        

Vice President- Marketing | Marketing     

Endress+Hauser (India) Pvt. Ltd  

At Automation Expo 2025, we’ll be showcasing cutting-edge solutions in sustainability — from carbon capture and green hydrogen to breakthroughs in the circular economy. Let’s explore how innovation can drive a greener, smarter future together!

Why You Can’t Afford to Miss This Expo:

1. Discover Innovation—Live & Hands-On:

Why rely on online demos or catalogs when you can see breakthrough technologies in real-time? At Automation Expo 2025, attendees can explore and interact with working models of:

• Industrial Robotics & AI-Powered Systems – From collaborative robots (cobots) to autonomous mobile robots (AMRs), witness real-time AI applications in error detection, mobility, and precision handling.
• Precision Instrumentation & Process Control – Engage with the latest in sensors, flow meters, transducers, and advanced control valves that enable real-time diagnostics and process efficiency.
• Industry 4.0 & Smart Factories – Explore fully integrated systems based on the Industrial Internet of Things (IIoT), cloud computing, digital twins, and predictive maintenance that enable agile, data-driven operations.
• Green & Sustainable Automation – Discover automation strategies aligned with net-zero goals, including smart energy solutions, renewables integration, and eco-efficient systems.
• Machine Vision & Cybersecurity – Understand how intelligent cameras drive near-zero defect manufacturing, and how next-gen cybersecurity frameworks protect critical OT systems.
• This immersive environment enables visitors to evaluate competing technologies on the spot, streamline their vendor selection process, and drive faster, more informed investment decisions.

2. Elevate Your Expertise—Through High-Impact Conferences & Workshops:

Automation Expo 2025 brings together a stellar lineup of industry leaders, scientists, and innovators through three focused conferences designed to spark transformation at both operational and strategic levels.

A. NexGen Factories: Transforming Industries for Sustainability (August 11, 2025)

Get future-ready insights on building greener, smarter factories:

• Mr. Ashok Muthuswamy, Vice President, TAFE – on Strategies & Technologies to Reduce Carbon Emissions
• Mr. Suraj Suresh, Sales Manager, IDS Imaging Development Systems GmbH – on Collaborative Robotics in Sustainable Smart Factories: Vision-Guided Intelligence
• Mr. Sabarinathan Saravanan, Regional Product Manager, Siemens Limited – on Generative AI in Manufacturing (Industrial Copilot)
• Dr. Amit Kumar Singh, Associate Professor, Dept. of Mechanical Engineering, NIT Calicut – on Zero-Waste Manufacturing: Automation’s Role in Sustainability
• Ms. Pallavi Gawade, General Manager – Software & Digital Solutions, Lauritz Knudsen – on Green Automation: Strategies to Reduce Carbon Emissions
• Mr. Girish S. Alawe, General Manager – tec.nicum, APAC & Middle East, Schmersal India Pvt. Ltd. – on Redefining Industrial Safety Excellence with AI-Driven Automation

B. Sustainable Process Evolution: Automation for a Greener Future (August 12, 2025)

Delve into the science and practice of automation-led sustainability:

• Padmashri Prof. Dr. G. D. Yadav, Bhatnagar Fellow & National Science Chair, ANRF/DST/GOI & Emeritus Professor of Eminence – Keynote on Scientific Roadmap for Industrial Sustainability
• Mr. Atul Choudhari, Chief Technology Officer, Tata Consulting Engineers Ltd. – Hydrogen Storage & Automation in Transportation
• Dr. Pritesh Shah, Chairman, Prima Equipment – Precision Emission Monitoring: Reliability to Sustainability
• Mr. Angshuman Paul, Executive Director, Adage Automation Pvt. Ltd. – Gas Analytical Systems in the Hydrogen Economy
• Mr. K. Guruprasad, Head – Automation, Drive Products, ABB India – Automation for Green Fuels

C. Back to Basics Workshop: Building Strong Foundations in Automation (August 13, 2025)

Sharpen core competencies and elevate your technical confidence:

• Dr. B. R. Mehta, Director – Projects, Waaree Group – Selection of Safety Systems
• Dr. Jagdish Pranami, AVP, SRF Limited – Control Valve Performance in Harsh Environments
• Dr. Kartik Fojdar, Head – CoE Engineering, Reliance Industries – Anti-Surge Control in Compressors
• Dr. V. P. Raman, Empanelled ICE/IECEx Trainer, KLPL – Hazardous Area Classification & Device Selection
• Mr. S. Syam, Director, Deiktis Technologies Pvt. Ltd. – Control System Architecture
• Dr. Sudhir Pai, Country Head – India, exida Consulting Pvt. Ltd. – Cybersecurity in Automation Systems

3. Network, Collaborate & Grow Your Influence:

With 2,000+ exhibiting companies and over 65,000 trade visitors expected, the expo presents unparalleled networking opportunities. Whether you’re looking to connect with global technology providers, automation consultants, systems integrators, or industry buyers—this is where business relationships are forged and futures are built.

Who Should Attend:

CEOs, CTOs, Plant Heads, Automation Engineers, System Integrators, R&D Professionals, Procurement Managers, and IT Managers from sectors including oil & gas, manufacturing, chemicals, automotive, food & beverage, pharmaceuticals, renewable energy, and more.

Automation Expo 2025 isn’t just an event—it’s your launchpad to the next era of industrial excellence.

Don’t Miss Out, Register Today:

Conference Registration Link: https://pages.razorpay.com/pl_Qw1aYSjQiwek7J/view

Automation Expo 2025 – Visitor Registration Link: https://www.viablesoft.org.in/AutomationExpo2025VD/index.aspx

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Mumbai (Maharashtra) [India], August 4: The Indian Bar Council recently amended its rules allowing foreign lawyers and firms in non-litigation domain to practice foreign law, international law and international arbitration in India, on a reciprocal basis, which triggered significant realignments.

Amid this shift, SJ Law, a Mumbai- and Delhi-based law firm headed by Senior Solicitor Samir Jagad, has fully merged with Solicis Lex Advisory. Operating from Bandra and recently expanding to Nariman Point, SJ Law merged through the mediation of a prominent Mumbai-based industrialist.

SJ Law is recognised as a leading Indian Banking and Finance firm, boasting an extensive clientele comprising banks, NBFCs and large-scale financial institutions. Solicis Lex, meanwhile, has grown significantly through acquisitions in Juhu and Delhi, establishing a strong footprint in Supreme Court and High Court litigation, M&A, real estate and NCLT matters.

On 2 August, Solicis Lex welcomed Mr. Jagad as a Partner to lead its Banking & Finance Practice, bringing his entire team on board.

Adv. Ameet Mehta, Managing Partner at Solicis Lex, announced:

“We are pleased to acquire SJ Law through its Sole Proprietor Mr. Jagad, who joins as Senior Partner to exclusively lead our Banking & Finance practice. SJ Law is a long-standing trusted advisor to leading banks, financial institutions and corporate borrowers. Dealogic ranked it many times among the top ten law firms globally and in the Asia-Pacific region as a ‘Project Finance Law Firm’, including first in the Asia-Pacific during H1 2016. This acquisition realigns our banking vertical across Mumbai and Delhi with evolving client needs.”

Mr. Jagad, as team leader, has handled debt transactions exceeding ₹2 trillion (₹2 lakh crores), including ₹1.5 trillion during his tenure at SJ Law, reflecting the depth, complexity and trust associated with his practice.

Reflecting on his journey and future, Mr. Jagad shared:

“The Legal 500 Asia Pacific (2017) noted SJ Law’s role in breaking the deadlock between NHAI and banks. Our ‘Security Clause’, introduced after extensive persuasion, set a sector-wide precedent. I’m excited to join Solicis Lex, which blends legal acumen with strategic foresight. I look forward to building a dynamic Banking & Finance practice with a team focused on excellence, qualitative output and efficient turnaround. I’m especially excited by the firm’s threefold growth in four years, positioning it as a market leader. Having known Ameet professionally, I’ve witnessed his sharp restructuring vision and performance-focused leadership.”

Mr. Jagad, 1993 Solicitor’s Examination topper, is renowned for his regulatory expertise and innovative, solutions-driven approach in Banking and Finance.

The International Comparative Legal Guide to Project Finance 2016 recognised Mr. Jagad for his extensive expertise in project finance and infrastructure, highlighting his commercial insight, innovation and pioneering solutions in transactions and extending to the sector.

Ms. Swetha Poojary, Senior Lawyer and heading Corporate Law at Solicis Lex, commented:

“We are pleased to acquire SJ Law and welcome Mr. Jagad as Partner. His extensive experience and leadership will strengthen our banking and finance capabilities to better serve sector-wide clients.”

With this strategic acquisition, Solicis Lex now has over 300 lawyers, bolstering its presence in finance, banking, pharma and real estate. The firm now has a footprint across 12 countries, alongside a strong domestic presence in India.

Website: www.solicislex.com

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Hyderabad (Telangana) [India], August 4: Standard Glass Lining Technology Limited has delivered a strong performance in Q1 FY26, supported by healthy revenue growth and profitability margins. Company has also taken a few strategic initiatives that create additional growth opportunities.

Highlights 

Entered into a long-term agency agreement with M/s. BioCon Solutions Pte Ltd, Singapore

• Enables export of SGLTL’s manufactured products to BioCon’s customers
• Covers key Southeast Asian territories -Singapore, Indonesia, Malaysia, and Thailand
• Strengthens our international footprint and opens access to new industrial customers in high-growth markets
• Combines SGLTL’s manufacturing excellence with BioCon’s market reach and distribution network

Incorporated Standard Engineering Inc. in the USA as a wholly owned subsidiary 

• Based in the State of South Carolina, USA, a growing hub for industrial manufacturing
• Will cater to Industrial Products and Process Equipment segment
• Marks a significant step in the Company’s international growth strategy and customer proximity
• Expected to enhance supply chain responsiveness and unlock new customer opportunities in the North American market

Key Highlights for Q1 FY26 Financial Results

• Total Income stood at ₹178 crore, registering a 23.6% YoY growth
• EBITDA came in at ₹35 crore, up 31.9% YoY, with an EBITDA margin of 19.5%
• Profit Before Tax (PBT) is ₹28 crore, reflecting a 39.6% YoY increase
• Profit After Tax (PAT) is at ₹21 crore, up 37.6% YoY, with a PAT margin of 11.9%

Management Commentary 

Mr. Nageswara Rao Kandula, Managing Director, said: “We are pleased with our continued healthy performance this quarter, which reflects our unwavering commitment to our customers, investors and all stakeholders. Through improved execution, we have delivered good margins while also expanding our exports and establishing our global footprint. Our focus on innovation has enhanced our reputation with customers, and our new offerings are gaining acceptance and appreciation. We remain confident that our efforts in technology development, product diversification, and international market expansion will open new avenues for sustainable, long-term growth.

We also believe that the rapid growth of the CDMO business in India presents a significant opportunity for the Indian engineering industry. As global pharma and chemical companies increasingly turn to India for high-quality, cost-effective manufacturing solutions, we are well-positioned to benefit from this trend—thanks to our strong customer relationships, proven execution capabilities, and engineering excellence

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East Coast, August 2025 – The buzz is real and the excitement is tangible! The East Coast just got its most awaited lifestyle landmark with the pre-launch of 18 Mall, a spectacular fusion of food, fun, and family entertainment. The star-studded event was graced by celebrated actor Jeeva, entrepreneur Priyadarshini Kumar, and lifestyle visionary John Cris Terrence, setting the tone for what promises to be a game-changer in culinary and entertainment experiences.

This isn’t just a mall—it’s a movement. A movement toward curated, culture-rich, and family-friendly experiences that will redefine how you spend your evenings and weekends.

More Than a Mall—Welcome to the World of 18

18 Mall is where gastronomy meets glamor, where families gather not just to shop, but to create unforgettable memories. Centered around a unique “One Brand, One Cuisine” concept, the mall is a tapestry of 18 individual culinary spaces—each one laser-focused on delivering a singular, authentic flavor experience.

No more overwhelming food courts or chaotic choices. Here, each cuisine gets its own spotlight, allowing you to fully immerse yourself in a brand’s essence, story, and flavors. From international giants to homegrown heroes, 18 Mall is a place where every outlet is the main character of its own story.

Savor the Best—18 Curated Cuisines Under One Roof

The lineup is nothing short of mouth-watering. Whether you’re a caffeine aficionado, a dessert lover, or a spice chaser—18 Mall has you covered with legendary brands such as:

• Starbucks – Your premium coffee pit-stop.
• Baskin Robbins – Scoop into a world of 31+ ice cream flavors.
• Cha Republic – Bubble tea reimagined.
• Freshlings – Fresh, green, and guilt-free bites.
• Cookieman – Baked delight straight from the oven.
• Tea Talkies – For those who like their gossip with chai.
• Biggies Burger – The bigger, the better.
• Bigguys Wings – Finger-licking, spicy perfection.
• Air Borne – A café for the young at heart.
• The Chennai Café – Nostalgic southern bites.
• Chola Chettinad Mess – Bold, traditional Chettinad flavors.
• VRtual Club – Where dining meets digital dance floors.

This is a food lover’s paradise and an Instagrammer’s dream. Every corner is designed for discovery. Every plate is picture-perfect.

A Family Wonderland – Fun for All Ages

What sets 18 Mall apart is its unwavering commitment to family experiences. Gone are the days when kids were an afterthought in mall design. At 18 Mall, children are VIP guests, with dedicated entertainment zones, interactive play areas, and safe, joyful spaces that let them explore while parents unwind.

Whether you’re planning a birthday bash, a fun family Sunday, or a relaxed midweek outing, 18 Mall has everything to turn your visit into a multi-sensory celebration.

Entertainment That Moves You

Food and fun go hand in hand at 18 Mall. With live music performances, immersive VR zones, and the VRtual Club experience, this isn’t just a place to eat—it’s a place to vibe. Picture this: sipping artisanal tea while listening to a local indie band, or diving into a plate of spicy wings before heading into a digital gaming world with your friends. At 18 Mall, every evening is an event.

And let’s not forget the aesthetics—sleek interiors, vibrant lighting, curated art, and cozy seating make this the new hotspot for hangouts, casual dates, family dinners, and influencer meetups alike.

The Visionaries Behind the Magic

The pre-launch ceremony was more than just an unveiling—it was a celebration of vision and innovation. Actor Jeeva brought his signature charm, while Priyadarshini Kumar spoke passionately about creating a space that respects diversity in cuisine and culture. John Cris Terrence, the brain behind the branding and experience design, emphasized how 18 Mall is “not just about food—it’s about feelings, connections, and stories.”

Coming Soon – Your New Favorite Place

With its grand opening just around the corner, the countdown has begun. Whether you’re a foodie, a parent, a teen, or a thrill-seeker—18 Mall is where your next adventure begins.

So mark your calendars. Come hungry. Leave happy.
Because this isn’t just a destination—it’s an experience that feeds your soul.

18 Mall – The East Coast’s New Culinary & Entertainment Landmark.
One Brand. One Cuisine. One Incredible Experience.

Stay tuned for the grand opening festivities and exclusive sneak peeks!

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New Delhi [India], August 4: KRN Heat Exchanger and Refrigeration Limited (NSE – KRN | BSE – 544263), One of the prominent manufacturers and exporters of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils has announced its Unaudited Financial Results for Q1 FY26.

Q1 FY26 Standalone Key Financial Highlights

Total Income of ₹ 117.14 Cr, YoY growth of 18.65%
EBITDA of ₹ 19.79 Cr, YoY growth of 16.02%
Net Profit of ₹ 15.69 Cr, YoY growth of 34.85%
EPS of ₹ 2.52, YoY growth of 0.00%

Q1 FY26 Consolidated Key Financial Highlights

Total Income of ₹ 118.86 Cr, YoY growth of 22.56%
EBITDA of ₹ 17.59 Cr, YoY change of -0.58%
Net Profit of ₹ 12.42 Cr, YoY growth of 3.77%
EPS of ₹ 2.00, YoY change of -22.78%
Other Key Highlights for Q1 FY26 – Consolidated

The Company recorded a total segment revenue of ₹115.28 Cr in Q1 FY26, reflecting a robust year-on-year growth of 20.36%.
Domestic revenue stood at ₹96.39 Cr, contributing 83.62% to the total, and marking a 17.27% increase over Q1 FY25.
Overseas revenue grew by 39.04% YoY to ₹18.89 Cr, accounting for 16.38% of total segment revenue. Key markets included the UAE (₹8.76 Cr) and Italy (₹3.57 Cr).
The Company also generated revenue from a diversified international portfolio, with contributions from Canada, Croatia, France, Germany, and Spain, highlighting its expanding global footprint.

Comment on Financial Performance Mr. Santosh Kumar, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited said, “We have made a strong start to FY26. The successful commissioning of our Neemrana facility under our subsidiary, KRN HVAC Products Pvt. Ltd., marks a major milestone in our growth journey. This state-of-the-art manufacturing hub significantly enhances our ability to localize production, serve both domestic and export markets more efficiently, and strengthen backward integration.

The HVAC industry continues to benefit from robust tailwinds, including sustained infrastructure development, increasing adoption of energy-efficient systems, and growing demand for thermal management solutions. KRN is strategically aligned with these trends, and we are actively scaling our capacities to meet the evolving needs of our customers. With the PLI incentive approval, we are further strengthening our value chain and reinforcing our presence in key markets, both in India and globally.”

Q1 FY26 Key Business Highlights

Subsidiary Secures PLI Incentive	PLI Approval: KRN HVAC Products Pvt. Ltd., subsidiary, approved under PLI Scheme for white goods. Incentive Sanctioned: ₹141.72 Cr granted by IFCI Ltd. Purpose: To aid expansion, localization, and backward integration.
Subsidiary Commences Production at Neemrana Plant	Commercial Operations: KRN HVAC Products Pvt. Ltd., subsidiary commenced production on May 31, 2025. Location: RIICO Industrial Area, Neemrana, Alwar, Rajasthan. Product Focus: Heat Exchangers and HVAC products.

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Ahmedabad (Gujarat) [India], August 4: Bulkcorp International Limited (NSE – BULKCORP), one of the leading manufacturers of food-grade FIBCs (Flexible Intermediate Bulk Containers), is pleased to announce that it has received the globally recognized SEDEX (Supplier Ethical Data Exchange) certification. This key milestone reinforces the company’s commitment to ethical business practices and high-quality manufacturing, while unlocking eligibility for major international tenders, particularly from global corporations and MNCs.

The SEDEX certification enhances the Company’s global positioning by validating its adherence to international standards on labour practices, environmental responsibility, and supply chain transparency. As compliance-led procurement becomes a core requirement for international clients, this development strategically strengthens the Company’s ability to secure global partnerships and large-volume export opportunities.

This achievement will play a pivotal role in accelerating its export growth. The Company is already serving clients across Europe, North America, LATAM, and the Middle East and is actively focused on expanding its international footprint through high-volume, compliance-driven partnerships.

Commenting on the development, Mr. Punit Gopala, Managing Director and CEO of BulkcorpInternational Limited said, “The SEDEX certification marks a defining step in our evolution as a globally trusted packaging partner. It strengthens our positioning for large-scale international tenders and affirms our alignment with the values of multinational clients who prioritise ethical and sustainable sourcing. This milestone is fully in sync with our strategic roadmap for export-led growth and long-term value creation across global markets. It aligns closely with our strategic focus on building long-term, high-volume global partnerships.”

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Mumbai (Maharashtra) [India], August 4: Kaushalya Logistics Limited (NSE: KLL), a diversified conglomerate specializing in logistic support to the cement industry, has commenced operations at the Purnea (Bihar) depot for Adani Cement Limited under the CCFA model.

This depot marks the company’s 9^th depot in the current financial year 2025–26 and is expected to handle a monthly volume of around 5,000 MT, significantly enhancing the company’s overall distribution capacity. With this addition, the total number of depots and rake points operated by the company has increased to 111. This expansion aligns with the company’s strategic vision of strengthening its pan-India cement supply chain and reflects its strong commitment to addressing the evolving needs of the cement industry through scalable, reliable, and cost-effective supply chain solutions.

Commenting on this Mr. Uddhav Poddar, Managing Director, Kaushalya Logistics Limited said, “The commencement of operations at our Purnea depot marks another important step in the expansion of our cement supply chain across India. With each new location, we are enhancing our ability to reach key markets more efficiently and serve our partners with greater consistency and reliability.

Our growing network reflects the strategic direction we have set for the company. By strengthening our distribution capabilities and building scale, we are not only supporting the operational needs of the cement industry but also creating long-term value through improved service coverage and timely deliveries.

We remain fully committed to our goal of establishing a robust, pan-India cement supply chain. The progress we have made so far reinforces our confidence in pursuing expansion, with a target of reaching over 200 locations by the end of FY26, and in continuing to drive sustainable growth that creates long-term value.”

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New Delhi [India], August 2: Essex Marine Limited, a Kolkata-based seafood processing and exporting company, is planning to raise up to Rs. 23.01 crore from its SME public issue. The company has received approval to launch its public issue on BSE SME platform. The public issue opens on August 04, 2025 and closes on August 06, 2025. The Proceeds of the public issue will be utilised to fund the company’s expansion plans, repayment of loans, funding working capital requirements and general corporate purposes. Khandwala Securities Limited is the lead manager of the issue.

Highlights:-

• Fresh Public issue of 42.62 lakh equity shares opens from August 04, 2025 to August 06, 2025
• The company is engaged in seafood processing and exporting
• Minimum lot size for application is 4000 shares; Minimum IPO application amount approx. Rs. 2.16 lakh
• For FY24-25, the company reported total income of Rs. 39.93 crore and Net Profit of Rs. 4.66 crore
• Khandwala Securities Limited is the lead manager of the issue.

The initial public offering of Rs. 23.01 crore comprises a fresh issue of 42,62,000 shares of face value Rs. 10 each. Out of these, 2,14,000 shares are reserved for market makers, whereas 40,48,000 shares are for public offering. The company has finalised the price of Rs. 54 per equity share for the public issue. The lot size is 2000 shares, and the minimum lot size for retail investors is 4000 shares, amounting to a minimum investment of approximately Rs 2,16,000.

The issue aims to raise funds for multiple objectives. The company will utilise Rs. 2.48 cr. for the expansion of existing peeling capacity, Rs. 0.78 cr. for the setting up of a “ready-to-cook” section by adding blanching in the existing process, and Rs. 6.00 cr. for working capital, Rs. 7.15 cr. for repayment/prepayment of certain borrowings, and Rs. 3.43 cr. for general corporate purposes.

Post IPO listing, the promoters’ shareholding will come down to 72.08% from 99.99% pre-IPO status.

Incorporated in 2009, Essex Marine Limited is a seafood processing and exporting company. The company procures, processes, stores, and exports quality fish and aquaculture products, including ribbon fish, eel fish, marine fish, squid, and mackerel, to countries like China, Belgium, and Japan. Their processing facility in Midnapur, West Bengal, is equipped with modern machinery such as IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage chambers, adhering to international standards like HACCP, GMP, SSOP, FSSAI, and BRC. The company operates across the frozen fish and shrimp supply chain, sourcing from India’s eastern coast, processing, and exporting products to international customers.

The company’s modern processing facility is located at Shankarpur, near Digha, a major landing center in Purba Medinipur, West Bengal an area known for high Vannamei aquaculture production. Product portfolio includes marine fish, marine shrimp, aquculture vannamei shrimp.

The company’s strengths include a strategic processing unit location, wide geographical reach, strong quality control, and long-term customer relationships. Cost-effective production, timely delivery, and an experienced management team further enhance its competitive edge.

Business Highlights:-

The company’s total income for the Fiscal 2024-25 was Rs 39.93 crores, whereas Net Profit was Rs 4.66 crore. For the period that ended on December 31, 2024, the company registered total income of Rs 29.86 crore with Rs 4.1 crore Profit After Tax.

The company has reported PAT margins of 9.25% (FY23), 9.52% (FY24), 12.53% (FY25), and RoCE margins of 17.14%, 14.40%, 18.87%, respectively for the referred periods. Shares of the company will be listed on BSE SME platform.

IPO Highlights – Essex Marine Limited
IPO Opens on	August 04, 2025
IPO Closes on	August 06, 2025
Issue Price	Rs. 54 Per Share
Issue Size	42.62 lakh shares – up to Rs. 23.01 crore
Lot Size	2000 Shares
Minimum Lot Size	4000 Shares
Listing on	BSE SME

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Ahmedabad (Gujarat) [India], August 2: HEC Infra Projects Limited (HEC, The Company), (NSE Code: HECPROJECT), one of the leading players in the infrastructure sector, specialising in extra high voltage transmission and distribution projects, have announced its Unaudited Financial Results for Q1 FY26.

Q1 FY2026 Key Standalone Financial Highlights

• Total Income of ₹ 27.91 Cr, YoY growth of 52.91%

• EBITDA of ₹ 2.61 Cr, YoY growth of 80.97%

• EBITDA Margin of 9.35%, YoY growth of 145 Bps

• Net Profit of ₹ 1.33 Cr, YoY growth of 59.37%

• Net Profit Margin of 4.77%, YoY growth of 19 Bps

• Diluted EPS (₹) of 1.26, YoY growth of 50.00%YoY growth of 50.00%

Commenting on the performance, Mr. Gaurang Shah, Managing Director of HEC Infra Projects Limited, said, “We are pleased to begin FY26 on a strong note, posting a 53% year-on-year growth in revenue and a 59% increase in net profit during the first quarter. Our expanding order book and timely execution reflect the strength of our diversified EPC capabilities across infrastructure sectors.

With seven new project wins worth over ₹55 Cr this quarter, we continue to build on our strong foundation and growing order pipeline. Our long-standing relationships with clients, built on trust, quality delivery, and technical excellence, continue to play a vital role in repeat business and new order inflows. Our ability to execute diverse, high-complexity projects across verticals is a key differentiator.

We remain strategically focused on delivering sustainable, quality-driven growth, leveraging our multi-domain expertise to address complex infrastructure needs. We are confident that this momentum will continue to propel HEC forward in the coming quarters.”

Key Operational Highlights

During the first quarter of FY26, HEC secured multiple prestigious orders across diverse sectors, further strengthening its position as a trusted EPC partner in the electrical infrastructure domain. The Company won seven new projects with a cumulative order value of approximately ₹55.77 Cr.

• MIS Brixo Industries awarded a ₹15.68 Cr contract for EPC electrical works related to plant electrification and 66 kV line shifting. The project is to be executed over a 12-month period.

• MIS Blue Pine Energy Pvt. Ltd. engaged HEC for a ₹9.62 Cr fast-track EPC project involving supply, installation, testing and commissioning of a 66 kV double circuit transmission line along with 12 km of underground cable. The project timeline is 3 months.

• Narmada Water Resources, Water Supply & Kalpsar Department entrusted HEC with a ₹3.03 Cr project for providing and installing a CCTV surveillance system, fire safety arrangements, access control, and communication systems at Ukai Dam, with an execution period of 12 months, including AMC.

• Engineering Projects (India) Ltd. awarded a ₹13.78 Cr project for the design, engineering, supply, erection, testing and commissioning of transformer bay extension for an existing 220 kV switchyard. The project is slated for completion within 12 months.

• Ahmedabad Municipal Corporation (Central Zone) placed an order worth ₹5.90 Cr for the supply, installation, testing and commissioning of street lighting poles and related electrical-mechanical works across various locations. The contract duration is 12 months.

• Ahmedabad Municipal Corporation (South Zone) awarded a ₹4.68 Cr project for augmentation of civil, electrical, mechanical and instrumentation works at the CTM Water Distribution Station. The project will be executed over a period of 10 months.

• Ahmedabad Municipal Corporation (West Zone) issued a ₹3.08 Cr contract for SITC of electrical, mechanical and instrumentation systems at Gitabaug and Niyojannagar water distribution stations, to be completed in 8 months.

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