Category: Press Release

Mumbai (Maharashtra) [India], July 18:  Swastika Castal Limited, one of the leading manufacturers of aluminium castings, Headquartered in Vadodara, Gujarat, the company is known for its expertise in sand casting, gravity die casting, and centrifugal casting, has announced the opening of its IPO on July 21, 2025, with a proposed issue size of ₹14.07 Crores, and the shares are proposed to be listed on the SME Platform of BSE Limited (BSE SME).

Equity Share Allocation

• Market Maker – 1,10,000 Equity Shares
• Retail Individual Investors (RII) – 10,28,000 Equity Shares
• Others – 10,26,000 Equity Shares

The net proceeds from the IPO will be utilised towards capital expenditure for the acquisition of plant & machinery and the construction of sheds & buildings, meeting working capital requirements, and general corporate purposes.

The issue will open for public subscription on Monday, July 21, 2025, and close on Wednesday, July 23, 2025.

Horizon Management Private Limited is the Lead Manager to the issue, and Accurate Securities & Registry Private Limited is the Registrar to the issue.

Mr. Varun Sharda, Promoter and Managing Director of Swastika Castal Limited, expressed: “Swastika Castal Limited’s entry into the capital markets marks a pivotal milestone in our journey of precision engineering, innovation, and global expansion. Over the years, we have established ourselves as a trusted manufacturer of high-precision aluminium castings, serving mission-critical industries across India, Europe, Japan, and the USA.

With deep expertise in sand, gravity die, and centrifugal casting, supported by advanced manufacturing systems and ISO-certified processes, we deliver tailored, high-performance solutions to sectors like automotive, railways, power transmission, and oil & gas.

Highlights:

• Fresh Issue Size – 21,64,000 Equity Shares of ₹ 10 each
• Issue Size – ₹ 14.07 Crores 
• Issue Price – ₹ 65 Per Share
• Lot Size – 2,000 Equity Shares

Our journey has been shaped by continuous investment in advanced machinery, skilled manpower, and rigorous testing systems that meet global quality standards. Guided by experienced leadership, we consistently provide reliable and precise solutions to diverse clients.

The capital raised from this IPO will enable us to expand manufacturing infrastructure, enhance working capital, and strengthen our global presence. As we enter this new growth phase, we remain committed to creating lasting value and reinforcing Swastika Castal’s reputation as a trusted leader in aluminium castings aligned with the ‘Make in India’ vision.”

Mr. Sanjay Dubey, Chief executive officer of Horizon Management Private Limited said,
“The aluminium casting industry is poised for significant growth driven by increasing industrialization, infrastructure development, and rising demand in sectors such as automotive, railways, power transmission, and heavy machinery. Advances in manufacturing technologies and a push for higher precision and quality are further expanding the market potential both domestically and globally.

In this context, companies that leverage technological innovation and maintain rigorous quality standards are best positioned to capitalize on the growing opportunities. Swastika Castal Limited, with its focus on precision engineering and commitment to quality, is well placed to benefit from these industry tailwinds.

We are happy to be a part of Swastika Castal Limited’s IPO journey and confident that the capital raised will help them strengthen their operational capabilities and scale their presence in a rapidly evolving market. This partnership represents an exciting opportunity to support a company poised for sustainable growth and value creation.”

About The Company:

Swastika Castal Limited is one of leading manufacturers of aluminium castings, recognized for its expertise in a wide range of casting techniques including sand casting, gravity die casting, and centrifugal casting. Backed by a skilled technical team and ISO 9001:2008 certified processes, the company delivers consistent quality and customized solutions, earning the trust of multinational clients across the globe. Swastika supplies ready-to-use aluminium components to customers in India, Europe, Japan, and the USA, catering to critical sectors such as automotive, railways, textiles, electricals, and power transmission. Its robust manufacturing ecosystem, built on advanced technology, modern machinery, and rigorous testing infrastructure, has positioned the company as a globally competitive and trusted supplier in the aluminium casting industry. Through its focus on engineering excellence, operational precision, and customer-centric innovation, Swastika Castal continues to strengthen its presence in both domestic and international markets.

In FY25 the company recorded a Revenue of ₹ 2,966.12 Lakhs, EBITDA of ₹ 455.46 Lakhs, and PAT of ₹ 263.49 Lakhs.

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

Mumbai (Maharashtra) [India], July 18: In an exclusive interaction, Sundeep Jagasia, Director of Shree Krishna Group, shares the story behind the company’s journey from its humble beginnings in 2004 to becoming a trusted name in Mumbai’s real estate redevelopment landscape.

With over 35 completed projects, more than 25 lakh sq. ft. delivered, and a client base of 5,000+ satisfied families, SKG has built its legacy on trust, transparency, and timely delivery.

Jagasia sheds light on why Chembur has become their redevelopment stronghold, how SKG earns the trust of resident societies, and the innovative, sustainable practices that set the brand apart in an increasingly competitive market.

1. What inspired the founding vision of Shree Krishna Group, and how has the journey evolved since 2004?

Ans. Shree Krishna Group was founded in 2004 with a clear and meaningful vision—to build high-quality, thoughtfully designed homes that are accessible and delivered on time. From our early days, we focused on organic and sustainable growth. Over the years, we’ve successfully delivered over 35 residential and commercial projects, covering more than 25 lakh sq.ft., and served over 5,000 satisfied customers. While we began with conventional developments, we gradually embraced redevelopment, seeing it as a unique opportunity to rejuvenate aging infrastructure in Mumbai—a city where land is limited, and the demand for modern housing continues to rise. Our journey has been marked by transparency, a customer-first approach, and a deep commitment to trust-building in every project.

2. Why has Chembur become a central focus in your redevelopment portfolio, and how has the suburb transformed over time?

Ans. Chembur has played a central role in our growth. Strategically located, it provides excellent connectivity to both South Mumbai and Navi Mumbai through the Eastern Freeway, Monorail, and Metro. What makes Chembur especially appealing is its balance—it retains a peaceful, community-driven vibe while offering all the urban conveniences of a metropolitan hub. Over the years, we’ve seen the suburb evolve from a quiet residential area into one of Mumbai’s most promising redevelopment zones. Its robust infrastructure and strong community fabric make it a natural fit for our redevelopment ethos.

3. What key factors do you consider before taking on a redevelopment project in Mumbai?

Ans. Every redevelopment project we undertake is guided by both practical and human considerations. We assess the structural condition of buildings, the location’s connectivity, potential under prevailing DCR norms, and—most importantly—the readiness of the resident community to engage transparently. Our goal is to add real, lasting value to both existing residents and new buyers through smart planning, modern amenities, and timely delivery.

4. Redevelopment can be sensitive—how does SKG build trust and handle challenges with resident societies?

Ans. Redevelopment is as much about people as it is about property. We begin by listening—understanding the specific needs and concerns of residents. Transparent communication, structured planning, and consistent follow-through help us build trust. We provide legally binding agreements, committed timelines, quality transit accommodations when required, and value-rich end deliverables. While challenges like divergent opinions or regulatory delays are inevitable, our experience and empathetic approach help us manage them efficiently and respectfully.

5. How does SKG incorporate innovation and sustainability across its projects beyond just construction?

Ans. At SKG, innovation goes beyond building design—it extends into the entire customer journey. We digitize project updates, ensure transparency in documentation and financials, and constantly explore ways to enhance resident convenience. Sustainability is integral to our planning—from energy-efficient systems and green spaces to long-term durability. We also embed smart layouts and features that make daily living more efficient and enjoyable, aiming to exceed industry benchmarks.

6. What core values guide SKG’s operations, and how do they differentiate your brand in a competitive market?

Ans. Our operations are anchored in four core values: trust, transparency, timeliness, and a deep customer-centric mindset. What truly sets us apart is our consistent ability to deliver ahead of schedule, our clarity in every transaction, and our commitment to ethical practices. In a market where delays and misinformation are all too common, we’ve built a reputation for dependability and excellence—one that earns us not just clients, but long-term relationships.

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Chennai (Tamil Nadu) [India], July 18: Sathlokhar Synergys E&C Global Limited (NSE – SSEGL), one of the leading Chennai-based EPC players specializing in integrated infrastructure solutions, has announced the receipt of two significant project orders amounting to a combined value of ₹ 16.44 Cr.

Project 1: Almonard Private Limited

• Client: Almonard Private Limited (Part of Almonard Group, a 50+ year old industrial fan brand)
• Location: Plots No. 39 to 46, Omshakthy Industrial Park, Thirumudivakkam, Kundrathur, Kanchipuram, Tamil Nadu
• Scope of Work:
  • Civil construction
  • Plumbing
  • Electrical works
• Order Value: ₹12.69 Cr (Including GST)

Project 2: High Glory Footwear India Private Limited

• Client: High Glory Footwear India Pvt. Ltd. (Subsidiary of Pou Chen Corporation, Taiwan)
• Location: Plot No. A-1, SIPCOT Industrial Park (SEZ), Mangalampettai Elavanasur Kottai Road, A. Sathanur Village, Ulundurpet, Kallakurichi, Tamil Nadu
• Scope of Work:
  • Execution of MEP works
  • Installation of chiller unit (MEP-1A)
• Order Value: ₹3.75 Cr (Excluding GST)

With these new additions, the total order book value of Sathlokhar Synergys E&C Global Limited now stands at ₹ 891.36 Cr, scheduled for execution over the next 9 to 11 months.

On the receipt of the orders, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited said, “We are delighted to have been entrusted by Almonard Private Limited and High Glory Footwear India with these prestigious projects. These orders reflect the continued trust our clients place in our integrated capabilities, technical expertise, and execution excellence.

Our team remains fully committed to delivering these assignments within the stipulated timelines, upholding the highest standards of quality, safety, and efficiency. We view these wins as further validation of our position as a reliable partner in India’s evolving infrastructure landscape.”

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Mohali (Punjab) [India], July 18: As a leading AI-powered commercial real estate platform in India, Daftar.com focuses on excellence and progress always. They recently announced their partnership with Shivalik, a reputable provider of power automation and control systems as their official technical advisor for their new smart corporate campus planned in Mohali.

With two major companies coming together, this collaboration is indeed a great decision and will create a high-tech, energy-efficient space for modern businesses so they can run their operations with ease.

The new campus in Mohali will cover around 100,000 square feet and is designed to support MSMEs, startups, and coworking space providers, apart from focusing on technology and user-friendly operations for the campus to be a zero-brokerage, fully automated facility.

As a technical advisor, Shivalik is expected to bring their knowledge of power systems and automation, and smart infrastructure integration to the project to align with the global smart building standards. Their role includes overseeing advanced power distribution, implementing real-time energy monitoring systems, and building an infrastructure that is both strong and efficient.

This collaboration is not just about powering a building but about creating a modern workspace ecosystem that is both energy-efficient and future-ready for businesses to have a working environment flexible and fully optimised for energy usage and operational performance within the smart campus.

An official from Daftar.com said, “Shivalik’s deep experience in power systems and automation is invaluable to us and as we build a future-ready workspace ecosystem, this partnership is proof we have taken a step in the right direction.”

Daftar.com is precisely famous for its AI-driven approach, zero-brokerage approach to commercial real estate as they provide flexible, transparent leasing options to startups, coworking operators, and enterprises, and help them find and manage office spaces with ease. By eliminating traditional brokerage fees and using AI to match businesses with the right spaces, Daftar.com has changed how people think about commercial real estate for the better.

Shivalik has become a brand in the field of power automation and control systems, and delivers electrical control panels, smart building technologies, and energy management systems. They have a proven track record in creating efficient and reliable power solutions and that makes them a trusted name in the industry.

Both Daftar.com and Shivalik aim to create a campus that is not only smarter and more advanced but also tailored to the evolving needs of India’s growing business ecosystem.

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New Delhi [India], July 17: India is going to be at an international level with its startup scene. Nowadays, a start-up is one of the most prominent and first choices of every youth in India. This takes India to the next level in economic structure, as well as providing financial strength. New Indian youth are more focused and enthusiastic about their careers and opportunities. Youth not only provide support to the nation but also create opportunities for their generation, which results in empowerment in base building and leadership guidance for the next generation.

But there is another side to every story, and in this, it lies in the nascent phase of a startup’s life. With over 100,000 DPIIT-approved startups and growing, one question keeps ringing through boardrooms and brainstorming sessions in equal measure: How do you justify your startup’s valuation before revenue, traction, or funding?

Meet Rohan Sarraf

A CA + LLB student, InfraTech pioneer, and founder of Mahadev.AI Pvt Ltd, Sarraf blends the startup ecosystem with a strong legal and strategic vision. In his most recent work, he lays forth an innovative approach to early-stage valuation that is legal, moral, and reliable and is based on the legal framework established by India’s Companies Act, 2013.Ultimately, a valuation of ₹1,000 crore based on ₹10 lakh

Although the headline is somewhat catchy, Sarraf’s case study proves it to be accurate. He proposes a ₹1,000 crore valuation for a private limited company that has been injected with ₹10 lakh for 0.01% equity. Within the confines of Sections 42, 62, and 52 of the Companies Act, all of this is accomplished by internal capital infusion with share premiums, enclosed within the bounds of the Companies Act’s Sections 42, 62, and 52.

How Rohann Does This  Bridging Law with Innovation: The legal frameworks Sarraf’s model utilizes are:

Section 42: For private placement of shares without the need for a public offer.

Section 62(1)(c): Permitting preferential issue of shares at a premium.

Section 52: Regulating the treatment and restrictions of securities premiums.

Also in play here are Rule 13 and Rule 14 of the Companies (Share Capital and Debentures) Rules, specifying how to value the shares and the requirements for special resolutions and valuation reports. But Sarraf makes a novel jump here by allotting the shares to himself as a founder, avoiding the scrutiny typically encountered under Section 56(2)(viib) of the Income Tax Act, which addresses angel tax.

The Numbers Behind the Model

Total Captivating Capital Sarraf made mention below

Authorized Capital: ₹10,00,000 (10 lakh shares @ ₹1 face value)

Subscribed Capital: 100 shares (0.01%) issued at ₹1 FV + ₹9999 premium

Capital Infused: ₹10,00,000

Implied Valuation: ₹10 lakh ÷ 0.01% = ₹1,000 crore

What accounts for the premium? Sarraf delineates: pre-entrepreneurial experience, intellectual property, industry insight, and vision for the long term.

This bootstrap model, based on premiums, is essential and assigns a value to the founder’s vision and intellectual capital, rather than current-day balance sheets.

Why It Matters: Value Addition and Stakeholders

Sarraf’s model is a winner for several stakeholders: Founders: 100% control with a future-proof cap table set. Investors: Clarity, clean structures, and thought-through dilution plans. Regulators (MCA, CBDT): The model is fully traceable, transparent, and constructed within compliance frameworks.

Policy Makers: Offers a template to recognize founder-driven valuation logic. Contextualizing It Globally. Sarraf doesn’t rest with Indian laws alone. He brings international comparisons to the table: Delaware C-Corp in the US, SEIS scheme in the UK, & Startup SG Equity in Singapore

These analogies serve to reinforce the notion that India, also, can adopt daring, rule-abiding innovation in startup valuation—but with a native flavor.

The path is not easy for Sarraf. There are several hurdles in this journey that make Sarraf strong, more passionate and successful. No one can conclude what journey Sarraf got to face in their roadmap, but we admit some of that in this article.

Challenges Sarraf Faced:-

Section 56(2)(viib) can still be abused, causing undue harassment even in the presence of legal capital infusion. There’s no official endorsement of founder-driven valuation models by regulators like DPIIT, MCA, or CBDT. To tackle this, he proposes a “valuation sandbox”—like fintech regulatory sandboxes—which enables early-stage founders to test valuation techniques in stealth or pre-revenue periods.

Rohan Sarraf’s book is more than a deep dive into the law. It’s an invitation. His framework enables Indian founders to own their startup’s story, make sense of high valuations due to future opportunities, rather than mere present-day numbers. Less reliance on angel rounds or VC money from outside. This founder-led, law-compliant model may have the potential to change the strategy of early-stage equity structuring that Indian startups employ. It is high time the regulators catch up with such innovation. The movement towards the New India and Fullfilling the vision of 5 Trillion economy with the youth power.

#Namah parvati pateh Har Har Mahadev

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Mumbai (Maharashtra) [India], July 17: Avance Technologies Limited, a BSE-listed technology solutions provider, is pleased to announce that it has signed a nonbinding term sheet to acquire India’s premier tech-enabled B2B overstock inventory liquidation marketplace www.Excess2Sell.com.

The proposed acquisition is subject to due diligence and regulatory approvals. This strategic move marks Avance Technologies’ entry into the high-potential, underpenetrated overstock inventory liquidation space, aimed at resolving one of the retail industry’s most pressing challenges—unsold inventory.

About: www.Excess2Sell.com

Founded with a mission to bridge the gap between excess inventory and value-conscious buyers, www.Excess2sell.com has developed a scalable platform that enables manufacturers, wholesalers, and retailers to liquidate surplus stock efficiently. The platform leverages smart pricing algorithms and consumer insights to maximize recovery value while offering customers high-quality products at discounted rates. Categories span electronics, fashion, home goods, and lifestyle products.

How the Platform Works

Excess2Sell provides a streamlined and tech-driven solution for businesses looking to liquidate, discover, and manage overstock inventory. Through its intuitive mobile application and web-based platform, users can register their business, complete KYC, and gain instant access to surplus inventory deals across various categories like electronics, fashion, home goods, and more.

The app allows users to sell, buy, or make counter-offers, supported by real-time pricing tools and smart listing features.

“Building on this vision, the proposed acquisition of Excess2Sell will enable Avance Technologies to integrate its robust technological infrastructure with a proven marketplace model, unlocking new avenues for growth in both B2B and B2C segments,”
— Vijay Purohit, CFO of Avance Technologies Limited

Disclosures, as required under applicable laws and regulations, will be made upon the occurrence of any material events or developments.

About Avance Technologies Limited (ATL)

Avance Technologies Limited (www.avance.in) specializes in the distribution of information technology (IT) products. The principal activities of the Company involve the resale of software and hardware.

The company offers a wide range of services, including:

• Digital Media Planning and Buying
• Social Media Marketing
• Mobile Apps Marketing
• WhatsApp eCommerce
• Video Creation and Marketing
• Influencer Marketing
• Content and Search Engine Optimization (SEO) Strategy
• Marketing Automation
• Performance Marketing
• Market Research
• Artificial Intelligence
• Blockchain
• Internet of Things (IoT)
• Cloud Services
• Software Testing
• Vulnerability Testing
• SMS Marketing
• WhatsApp Marketing

In addition, the company provides services such as pay-per-click (PPC) advertising, content marketing, social media management, conversion rate optimization, and marketing automation.

The Company’s short code service enables users to receive text messages from customers and subsequently take actions based on the message’s content.

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Lucknow (Uttar Pradesh) [India], July 16:  Renowned entrepreneur, philanthropist, and ex-Indian Air Force serviceman Abhishek Kumar Tripathi once again chose compassion over extravagance as he celebrated his birthday today in a spiritually uplifting and heart-touching way. Marking another year of his inspiring journey, Tripathi spent the day with the children of a local Gurukul and the revered cows of a nearby Gaushala, embodying his lifelong values of selfless service and devotion.

A Celebration of Compassion at the Gurukul

Rather than hosting a lavish party, Abhishek Kumar Tripathi visited a Gurukul, a traditional place of learning rooted in Indian culture and values. There, he arranged a joyful bhoj (meal) for 70 resident children, ensuring that each child felt cherished and seen. Along with a freshly cooked meal, the kids were also gifted cakes, chocolates, and chips, creating an atmosphere of delight and festivity.

Children clapped, laughed, and celebrated alongside him, and the joy in their eyes stood as the most heartfelt gift Abhishek could receive. Known for his grounded personality, he humbly joined the children during the meal, emphasizing his commitment to a life of simplicity and giving.

Feeding the Divine – A Visit to the Gaushala

The celebrations didn’t end at the Gurukul. Abhishek, deeply connected to Sanatan Dharma and Gau Sewa, then visited a Gaushala where he personally fed the cows with bananas and jaggery (गुड़) — a gesture deeply symbolic in Hindu tradition. For him, cows are not just animals but sacred beings, and caring for them is both a religious duty and a spiritual calling.

Speaking to the Gaushala staff, he offered his ongoing support for fodder and medical supplies, continuing his legacy of seva (selfless service) in every possible way.

A Journey Marked by Purpose

Abhishek’s journey from a brilliant student to an Indian Air Force veteran, and then to the Managing Director of MG Group of Companies, reflects his unyielding dedication to discipline, vision, and service. His ventures — MG Construction and the newly emerging MG Pansari, a food products and grocery brand — are not just businesses, but platforms for employment generation and social upliftment.

Having received prestigious honors like the IPBR National Jan Seva Ratna and other service awards, he remains humble, continuously seeking ways to uplift others, especially through kanya vivah support, mandir construction, and support for saints and sadhu communities.

His devotion to values, family, and service is unwavering. Alongside his wife, Pallavi Shukla, and two sons, he balances life as a businessman and a deeply spiritual individual. Even his love for animals shines through his affectionate bond with his pet dogs, Sartaj and Khalifa, who are integral to his family life.

A Message for the Nation

As he steps into another year of life, Abhishek Kumar Tripathi remains focused on his mission to create meaningful employment, support rural and religious institutions, and live by the teachings of service, humility, and compassion. In his words:

“My birthday is not a day for me alone. It is a moment to give back to the lives that have shaped me — from the blessings of saints to the smiles of children, and the divine gaze of cows. This is where my joy and purpose lie.”

Through such actions, Abhishek continues to inspire a new generation, where leadership is not defined by titles or wealth, but by how much one contributes to the world in silence, sincerity, and service.

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Bengaluru / Mumbai, July 17:  In a landmark partnership that combines Web3 technology with data-driven marketing accuracy, Digirovers, the world’s leading performance and affiliate marketer, has been selected to spearhead Mudrex’s digital growth strategy in international markets.

Started in 2018 and supported by Y-Combinator, Mudrex is among India’s fastest-growing crypto investment platforms. Having a user base of over 3 million, the company is working towards democratizing access to crypto-based financial products for the retail investor class. The recently signed crypto marketing alliance with Digirovers is a key milestone in this growth process.

High-Performance Marketing at Scale

As per the deal, Digirovers will be managing performance marketing campaigns for Mudrex on Google Ads, Facebook, and Instagram with an acute emphasis on:

• High-quality user acquisition
• Conversion rate optimization
• Lifting customer LTV (lifetime value)
• Data-driven campaign experimentation for sustainable growth

The partnership aims at Mudrex’s international markets covering the US, Europe, Asia, and Latin America. The move is aimed at strengthening the platform’s goals to emerge as a world leader in asset management through crypto.

The Web3 Advantage: Strong Sector Alignment

Speaking about the alliance, Pranjal Aggarwal, Head of India Markets at Mudrex, remarked:

“We were looking for a partner who not only understood the nuances of Web3 and fintech, but also brought the agility, experience, and global scale to drive results across performance channels. Digirovers demonstrated exactly that. Their structured approach to growth, platform fluency, and data-driven experimentation stood out, and we’re excited to scale together.”

In the fast-changing world of decentralized finance (DeFi), this collaboration merges technical wisdom with marketing accuracy, setting a standard for others in the sector.

Why Digirovers?

With active presence in India, Singapore, the US, the Middle East, and Brazil, Digirovers specializes in designing high-ROI campaigns for top fintech, gaming, edtech, and e-commerce brands. Its own Data Management Platform (DMP)—with over 300 million transacting users—gives it unparalleled visibility into digital behavior and intent.

As per Kushal Garg and Rishi Batra, Business Directors at Digirovers:

“Crypto is one of the most exciting frontiers for performance marketing today. Partnering with Mudrex, a leading brand in the space, gives us the perfect opportunity to apply our expertise at scale. We’re excited to work together on building sustainable, data-led growth across global markets.”

The emphasis on sustainability and structured scaling places this partnership in sharp contrast with earlier crypto marketing campaigns, which were often short-term and speculative.

The Bigger Picture: Web3 and Mainstream Adoption

The timing of this crypto marketing alliance is deliberate. Regulatory certainty is slowly coming through in various jurisdictions, and consumer demand for regulated, structured crypto products is increasing.

Mudrex provides retail investors risk-adjusted, diversified crypto portfolios, which means it is further aligned with long-term financial planning rather than speculative trading. The trick now is to grow awareness and trust — and that’s where Digirovers’ role becomes paramount.

By using precision-targeted campaigns, dynamic creative optimization, and multi-market experimentation, Digirovers seeks to develop rich consumer interaction in Web3 ecosystems — an effort that requires both marketing sophistication as well as sector acumen.

About Mudrex

Established in 2018, Mudrex has its headquarters in Bengaluru and works to make crypto investments easy, accessible, and reliable. With more than 3 million users and investment from funds such as Y-Combinator, Village Global, and Nexus Venture Partners, Mudrex is building a new generation of retail financial products underpinned by blockchain and DeFi.

Some of the solutions provided by the platform include:

• Thematic crypto portfolios
• Systematic investment plans (SIPs)
• Regulated access to tokenized assets

About Digirovers

Digirovers Solutions is a technology-led performance marketing agency with international reach. Utilizing programmatic acquisition, affiliate marketing, and direct media, it empowers brands to scale with deterministic and measureable digital results. The company’s client roster features top players in fintech, gaming, e-commerce, and edtech.

With a self-contained DMP of 300M+ active users, Digirovers provides intent mapping, cohort modeling, and real-time campaign optimization — delivering customized strategies on platforms such as Google, Meta, TikTok, and programmatic DSPs.

Strategic Alignment for the Long Run

This crypto marketing partnership is not just transactional; it’s visionary. It reflects the emergent convergence between fintech evolution and performance marketing sophistication, a domain still underutilized in the Web3 space.

By fusing Mudrex’s mission with Digirovers’ media prowess, this collaboration is poised to create a sustainable blueprint for user growth in the crypto space, one that could inspire similar alliances across fintech ecosystems globally.

For more information, visit:
www.digirovers.com | www.mudrex.com

Chennai (Tamil Nadu) [India], July 15: Phantom Digital Effects Limited (NSE: PHANTOMFX), one of India’s fastest-growing and globally recognized VFX studios, is pleased to announce the successful completion of its Qualified Institutions Placement (QIP). The company has raised ₹59.99 Crore through the issuance of 23,43,600 equity shares at ₹256 per share (including a premium of ₹246 per share), reflecting a discount of 4.78% (i.e. Rs.12.85/- per Equity Share) to the floor price of ₹268.85 per share.

This fundraise comes at a transformative time for PhantomFX, as it accelerates strategic investments across creative infrastructure, talent acquisition, and international operations, including its recent acquisition of Oscar winning Tippett Studio.

Allotment Details – Major Investors (more than 5% allocation in QIP):

Name	Shares	Price (₹)	Amount (₹)	% of securities allotted in QIP
Vikasa India EIF I Fund	1,95,300	256	4,99,96,800	8.33%
Moneywise Financial Services Private Limited	1,95,300	256	4,99,96,800	8.33%
Beacon Stone Capital VCC – Beacon Stone I	1,95,300	256	4,99,96,800	8.33%
UNICO Global Opportunities Fund Limited	1,75,800	256	4,50,04,800	7.50%
Shine Star Build Cap Private Limited	2,73,300	256	6,99,64,800	11.66%
HDFC Bank Limited	1,36,800	256	3,50,20,800	5.84%

Commenting on the QIP, Mr. Bejoy Arputharaj S., Managing Director of Phantom Digital Effects Limited, said, “This fundraise is not just about capital, it’s a testament to confidence. The enthusiastic participation of leading institutional investors is a clear validation of PhantomFX’s vision, our consistent execution, and our positioning as a global creative force. It reflects the industry’s recognition of our unique blend of innovation, storytelling excellence, and international scalability. We are not simply growing a business we are shaping the future of visual storytelling by building a future ready powerhouse that seamlessly integrates cutting edge technology, artistic brilliance, and cross border capabilities.

With the backing of this QIP, we are now better equipped to fast track our expansion into key international markets, further integrate iconic entities like Tippett Studio, and invest in infrastructure, talent, and AI driven creative workflows. Our roadmap is bold and purposeful focused on delivering unmatched value to our clients, nurturing long term partnerships, and raising the global benchmark for VFX excellence. This is a defining chapter in our journey and for PhantomFX, the most exciting phase is only just beginning.”

Global VFX Industry on the Rise: India’s Strategic Role and PhantomFX’s Impact

The global VFX market is witnessing rapid expansion, projected to grow from
US$ 15 billion in 2023 to US$ 30 billion by 2030, at a CAGR of 10.7%. Closer to home, the Indian VFX industry is estimated at ₹11,400 crore (US$ 1.38 billion) in 2023, with visual effects alone contributing ₹5,400 crore (US$ 647 million). Backed by over 4,000 studios, strong government incentives, and rising global demand, India is emerging as a global powerhouse for high quality VFX services. (Source: IBEF)

At the forefront of this transformation is PhantomFX, a studio delivering acclaimed work for titles like Ayalaan, Salaar, RRR, Leo, and The Flash. Recognized as the first Indian studio to create an entirely VFX-driven alien character, PhantomFX brought “Tattoo” to life in Ayalaan a landmark moment in Indian cinema, PhantomFX has executed over 500 projects, employs 650+ artists, and posted ₹102 crore in revenue for FY25. With cutting edge infrastructure and a fast-growing global presence, PhantomFX is helping define the future of India’s VFX leadership on the world stage

About Phantom Digital Effects Limited

PhantomFX (NSE: PHANTOMFX) is a full-service creative studio specializing in high-end Visual Effects (VFX) for films, television, commercials, and streaming platforms. Headquartered in India, the company operates four state-of-the-art facilities across Chennai, Mumbai, Hyderabad, and Bangalore, supported by a team of over 500 highly skilled artists.

PhantomFX continues to expand its global footprint through strategic growth initiatives, with operational hubs now established in the USA, Canada, UK, China, and Dubai. The company holds TPN Gold certification and has a strong legacy of delivering end-to-end VFX solutions to major global production houses.

In a major milestone, PhantomFX has successfully acquired Tippett Studio, an Oscar-winning American VFX company headquartered in Berkeley, San Francisco. This strategic expansion positions PhantomFX at the forefront of the global VFX industry, enhancing its creative capabilities and service reach.

Financial Highlights (FY 24–25)

● Total Income: ₹104.37 Crore

● EBITDA: ₹39.69 Crore

● Net Profit: ₹20.20 Crore

Disclaimer

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

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Coimbatore (Tamil Nadu) [India], July 15: International Honorary Doctorate Ceremony was held on July 12th at Hotel Vijay Elanza, Coimbatore, where outstanding individuals from across India were honoured for their exceptional contributions in various fields, on the recommendation of John Amalan, MD of Indian Media Works, also specially graced by Dr Leema Rose Martin. The prestigious recognition was conferred by St. Mother Therasa University (Australia), affiliated to the Cambridge School of Distance Education, UK.

Among the esteemed recipients was Rakhi Shah, Managing Director of the Magenta Group of Companies, who was awarded an Honorary Doctorate in Business Leadership for her visionary role in infrastructure development and her dedication to philanthropy.

Sanchita Shetty, a well-known actress and motivational speaker from Chennai, received Honorary Doctorate in Youth Leadership Service for her dynamic efforts in promoting wellness, positivity, and Indian culture among the youth.

Tara Kerkar, a fearless social activist from Goa, was honoured with a Doctorate in Social Welfare for her tireless work toward justice, women’s rights, and public welfare.

Rtn Aparna Sunku, a social entrepreneur and animal welfare advocate from Coimbatore, was recognized with an Honorary Doctorate in Social Entrepreneurship for her multifaceted contributions to fashion, compassion, and community service.

Harpreet Singh Anand alias Tony Singh, fondly known as “Punjab Tamilan,” received the Honorary Doctorate in Social Welfare for his relentless humanitarian work, from COVID-19 relief to cultural preservation and social activism.

Smriti, a 26-year-old changemaker and founder of Graphixite, received an Honorary Doctorate in Marketing Management for her groundbreaking work in digital innovation, youth empowerment, and social entrepreneurship.

Lastly, Vijay G.T, founder of the Talent Hunt Group in Goa, was presented the Honorary Doctorate in Business Management for his inspiring journey as an entrepreneur who has nurtured talent and created impact in the fields of hospitality and education.

The evening stood as a powerful celebration of service, leadership, and innovation—organized by Indian Media Works.

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