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  • After Successfully Expanding POPPiK Across 17 Cities, Jay Gupta Announces the Launch of SKNPOP – A Next-Generation Skincare Brand Powered by AI-Driven Skin Analysis

    After Successfully Expanding POPPiK Across 17 Cities, Jay Gupta Announces the Launch of SKNPOP – A Next-Generation Skincare Brand Powered by AI-Driven Skin Analysis

    Mumbai (Maharashtra) [India], June 24: Following the successful pan-India expansion of POPPiK across 17 cities, serial entrepreneur, investor, and mentor Jay Gupta has announced the upcoming launch of SKNPOP — a next-generation skincare brand set to redefine how consumers understand and care for their skin through the power of artificial intelligence.

    SKNPOP is built on a simple yet powerful premise: better skin starts with better knowledge. The brand leverages advanced AI-powered skin analysis to help users accurately identify their skin type, understand visible skin concerns, and receive personalized skincare guidance — enabling smarter product selection and more effective routine building.

    The brand is being launched by a seasoned team of entrepreneurs and industry professionals bringing deep expertise across consumer brands, sales, business development, operations, and digital commerce.

    “At SKNPOP, our vision is to simplify skincare through technology and education. Consumers deserve better guidance before choosing the products they put on their skin. By combining AI-powered skin analysis with high-quality skincare solutions, we aim to create a smarter, more informed, and more empowering skincare experience,” said Jay Gupta, Founder & Mentor, SKNPOP.

    Unlike customized formulation platforms, SKNPOP’s proprietary AI technology is centered on skin analysis and intelligent guidance — empowering consumers to make confident, informed decisions at every step of their skincare journey.

    The brand plans to introduce a curated range of innovative skincare products, supported by its AI-powered skin assessment platform — creating a compelling intersection of beauty, technology, and consumer education.

    With India’s skincare market witnessing unprecedented growth, SKNPOP is well-positioned to address the rising demand for data-driven skincare solutions tailored to the needs of the modern Indian consumer.

    The official launch date, product portfolio, and AI-powered platform details will be unveiled soon.

    Leadership Team

    • Jay Gupta— Founder & Mentor
    • Kiran Jaiswal— Director, Strategic Growth & Business Development
    • Hanmant Dadas — Director, Operations & Market Expansion
    • Nihal Gupta— Director, Brand, Consumer Experience & D2C Expansion

    About SKNPOP

    SKNPOP is an upcoming skincare brand on a mission to combine AI-powered skin analysis, skincare education, and scientifically developed skincare solutions. The brand is committed to empowering consumers with deeper skin knowledge, smarter product choices, and accessible beauty innovation.

    SKNPOP – Understand Your Skin. Choose Smarter.

    Launching Soon

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  • The Chamber of Tax Consultants Honours Eminent Luminaries at its Centenary Celebration

    The Chamber of Tax Consultants Honours Eminent Luminaries at its Centenary Celebration

    Mumbai (Maharashtra) [India], June 24: The Chamber of Tax Consultants (CTC), a premier organisationwhich is dedicated towards advancing the tax, accounting, legal and allied professions, organised the Honorary Membership Conferment Ceremony in continuation of its centenary celebrations under the banner Shatabdi Manthan. 

    The completion of 100 years of excellence of CTC, the final function recognized the exemplary work of a few of the renowned professionals and highlighted their distinguished leadership, technical excellence and meaningful contributions to the legal and professional community. 

    The esteemed professionals so honouredwere present, viz.Justice R.V. Easwar (Retd.), eminent jurist and former judge; Mr Saurabh Soparkar, Senior Advocate; Mr Percy Pardiwala, Senior Advocate; Mr. Arvind Datar, Senior Advocate, who was travelling, accepted the honourvirtually. Their work in the field of jurisprudence, constitutional law, taxation, and legal scholarship has significantly influenced the professional and judicial landscape of India.

    CA Avinash Thacker, Moderator of the session on The New Tax Code, said, “Shatabdi Manthan is not just a commemorative event; it served as an opportunity to reflect upon the enduring values which have shaped the profession over the years. Bringing together distinguished legal minds and professional leaders created an environment for meaningful reflection and inspiration for the next generation.”The eminent panelists including Mr. Rafiqe Dada, Senior Advocate and Ms. Malathi Sridharan (former PCCIT) provided practical solutions in the implementation of these reforms.

    CA Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Co. Ltd., said, “India’s economic progress will increasingly depend on institutions and professionals who uphold trust, accountability, and long-term thinking. Platforms such as CTC, which have consistently invested in knowledge and professional excellence for a century, play an important role in shaping future-ready leadership and responsible growth.”

    The event forms a key part of Shatabdi Manthan, CTC’s centenary initiative focused on preserving a century of wisdom while creating perspectives for tomorrow. It outlined the organisation’s continuous commitment to professional excellence, thought leadership, and encouraging meaningful contributions to the tax and legal ecosystem.

    About CTC

    CTC is a premier non-profit organisation, which was established in 1926, committed to promoting knowledge, research, and professional excellence in the fields of taxation, allied laws, and accounting.

    With a proud history spanning 100 years, CTC serves as a trusted platform for professionals to learn, collaborate, and grow. Its vision is to be a powerhouse of knowledge in fiscal laws, empowering members across India through thought leadership, learning opportunities, and community engagement.

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  • The Hidden Crisis of Modern Success: Why Emotional Healing Matters More Than Ever

    The Hidden Crisis of Modern Success: Why Emotional Healing Matters More Than Ever

    By Rima Bhandari, Energy Coach, Healer, Author & TEDx Speaker

    New Delhi [India], June 22: Rima Bhandari believes that the world is facing a crisis that is rarely discussed in boardrooms, business meetings, or social gatherings.

    It is not a financial crisis.

    It is not a technology crisis.

    It is an emotional crisis.

    Today, people are achieving more than ever before. Careers are growing, businesses are expanding, and opportunities are endless. Yet behind the smiles, promotions, and accomplishments, countless individuals are silently carrying stress, emotional exhaustion, loneliness, and anxiety.

    Many wake up feeling tired despite sleeping. Many feel disconnected despite being surrounded by people. Many have everything they once prayed for but still struggle to experience genuine happiness.

    Rima Bhandari understands this reality deeply because she has witnessed it throughout her professional journey.

    Long before becoming an Energy Coach and Healer, Rima worked as a physiotherapist. Her role was to help people recover from physical pain and regain mobility. Every day she met individuals who were determined to heal and move forward with their lives.

    However, she noticed something that stayed with her.

    Even after physical recovery, many people continued to carry invisible wounds. Their bodies became stronger, but fear, self-doubt, grief, emotional pain, and stress remained untouched.

    This observation raised an important question in her mind: if the body can heal, why do so many people continue to suffer internally?

    The answer would eventually change the direction of her life.

    Rima’s own journey was not free from challenges. Like many people, she experienced periods of anxiety, emotional struggles, and inner conflict. Those difficult moments became her greatest teachers. Instead of ignoring her pain, she chose to understand it.

    She began exploring emotional healing, energy work, self-awareness, and spiritual growth. What started as a personal search for answers gradually evolved into a life purpose.

    Today, Rima Bhandari works with people from around the world, helping them understand that healing is not about fixing something that is broken. It is about reconnecting with the strength, wisdom, and peace that already exist within.

    One of the biggest misconceptions in modern society is the belief that success automatically creates happiness.

    For some time, achievement may bring excitement. A new job, a successful business, a bigger house, or financial growth can certainly feel rewarding. But external accomplishments alone cannot fill an internal void.

    This is why so many high-performing individuals continue to struggle despite reaching goals that once seemed impossible.

    The challenge is not that people are unsuccessful.

    The challenge is that many have never been taught how to process emotions, release emotional baggage, or develop a healthy relationship with themselves.

    In a world that encourages people to constantly do more, very few are encouraged to pause, reflect, and heal.

    Rima often says that emotional well-being is becoming one of the most valuable investments a person can make.

    Just as physical fitness requires attention and care, emotional health requires nurturing too.

    When people carry years of unresolved hurt, disappointment, guilt, or fear, it eventually affects every area of life—relationships, decision-making, confidence, creativity, and overall well-being.

    This message has become the foundation of Rima Bhandari’s work and the reason her teachings continue to resonate with audiences globally.

    As an author, she has shared these insights through her books Finding Me: The Journey of Self-Love, Protect Your Energy, and The Star Tree’s Gift. Each book carries a simple but powerful message: true transformation begins from within.

    As a TEDx Speaker, Rima Bhandari also spoke about the importance of self-love and healing in a world where people often seek validation from external sources. Her talk encouraged individuals to stop measuring their worth through achievements and start recognizing the value they already possess.

    The need for emotional healing is no longer limited to personal development conversations. It has become a business conversation, a leadership conversation, and a societal conversation.

    Organizations are beginning to understand that employees perform better when they feel supported emotionally. Leaders are realizing that resilience is just as important as intelligence. Families are recognizing that emotional health influences future generations.

    The future will not belong only to those who are highly skilled.

    It will belong to those who are emotionally aware, adaptable, and connected to themselves.

    Rima Bhandari believes that the next evolution of success is not about working harder. It is about living with greater awareness, balance, and authenticity.

    The world does not simply need more successful people.

    It needs more healed people.

    Because when healing begins within an individual, its impact extends far beyond one life. It touches families, workplaces, communities, and ultimately society itself.

    Perhaps the greatest achievement of the future will not be measured by wealth or status, but by the ability to live with inner peace while creating meaningful impact in the world.

    For speaking engagements, workshops, and healing sessions:

    Website: www.rimabhandari.com

    Email: connect@rimabhandari.com

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  • MedLinks Introduces Elyara Hair Filler to Meet Growing Demand for Science-Backed, Non-Surgical Hair Loss Treatments

    MedLinks Introduces Elyara Hair Filler to Meet Growing Demand for Science-Backed, Non-Surgical Hair Loss Treatments

    New Delhi [India], June 24: MedLinks, one of India’s leading centres for hair and skin sciences, has introduced Elyara Hair Filler, a peptide-based injectable treatment, as part of its expanding portfolio of non-surgical hair restoration solutions. The addition comes amid growing demand from patients seeking science-backed, minimally invasive approaches to managing hair thinning and hair loss before considering surgical intervention.

    The introduction reflects a broader shift in the hair restoration landscape. Hair loss remains one of the most common concerns among both men and women globally. Research suggests that nearly 50% of men experience male-pattern hair loss by age 50, while approximately 40% of women experience visible hair loss by the same age. Beyond its physical manifestations, hair loss can significantly impact confidence and quality of life, prompting more individuals to seek treatment at earlier stages.

    As awareness around hair health continues to grow, consumers are becoming increasingly informed about the treatments they choose and the outcomes they expect. Rather than seeking quick fixes, many are looking for solutions that are supported by science, work in harmony with the body’s natural biological processes, and can form part of a long-term approach to hair restoration. This shift is driving greater interest in regenerative and personalized treatment pathways designed to support hair health over time.

    Hair loss is often influenced by dihydrotestosterone (DHT), a hormone derived from testosterone. DHT can trigger biological signals such as increased DKK-1 and BMP4 activity, which may suppress Wnt signaling, contribute to hair follicle miniaturization, and lead to progressive hair thinning over time. As our understanding of these biological pathways advances, newer treatment approaches increasingly focus on supporting the natural mechanisms underlying hair follicle function and regeneration.

    The decision to introduce Elyara Hair Filler follows MedLinks’ evaluation of emerging peptide-based technologies and growing patient demand for physician-administered treatments that can be incorporated into individualized hair restoration plans.

    “Hair restoration is no longer a one-size-fits-all approach,” said Dr. Gaurang Krishna, Director and Co-founder, MedLinks. “Patients today are far more informed about the treatments they choose and the outcomes they expect. Increasingly, they are looking for solutions that are backed by science, align with the body’s natural processes, and can be incorporated into a long-term hair restoration strategy. As clinicians, it is important for us to continually evaluate emerging treatment modalities and offer options that may be suitable for different patient needs and treatment goals. The introduction of Elyara Hair Filler strengthens our ability to provide patients with a broader range of physician-administered treatment options.”

    Peptides are short chains of amino acids that act as biological messengers within the body, helping regulate specific cellular activities. In hair restoration, peptide-based formulations are increasingly being explored for their potential role in supporting hair follicle function, scalp health, and the natural hair growth cycle through targeted biological pathways.

    The formulation combines seven patented biomimetic peptides that work synergistically to support healthy hair growth and scalp health. Together, they help stimulate hair follicles, support key biological pathways involved in hair growth and regeneration, including the Wnt signaling pathway, help protect follicles from oxidative stress, and promote scalp microcirculation that supports a healthy environment for hair growth.

    Dr. Varun Gupta, Founder and CEO, Elyara by MedVital, said, “Hair biology is regulated by multiple signalling pathways rather than a single mechanism. Elyara Hair Filler is designed to support several biological processes associated with hair follicle function, scalp health, and the natural hair growth cycle. We are pleased to collaborate with leading hair restoration clinics such as MedLinks that are committed to evidence-based innovation, cutting-edge technology, and individualized patient care.”

    The availability of Elyara Hair Filler at MedLinks reflects the growing adoption of personalized and non-surgical approaches within the hair restoration ecosystem. By offering both surgical and non-surgical treatment options under one roof, MedLinks aims to provide patients with comprehensive treatment pathways tailored to their individual needs and stage of hair loss.

    About MedLinks

    Founded in 2013 by alumni of AIIMS, New Delhi, MedLinks is one of India’s leading centres for hair restoration, aesthetic dermatology, and regenerative medicine. With clinics in New Delhi and Gurugram, MedLinks offers advanced surgical and non-surgical solutions supported by cutting-edge technology, clinical expertise, and personalized patient care. The clinic serves patients from across India and more than 25 countries worldwide for their hair and skin treatment needs.

    About Elyara by MedVital

    Elyara by MedVital is a regenerative aesthetics platform focused on advancing science-backed solutions for hair restoration and aesthetic medicine. Backed by expertise in peptide science, biomimetic technologies, and regenerative medicine, MedVital develops innovative solutions designed to support the body’s natural biological processes. Its flagship hair restoration solution, Elyara Hair Filler, combines seven patented biomimetic peptides with sustained-release technology to support key biological pathways associated with hair follicle function, scalp health, and the natural hair growth cycle, reinforcing MedVital’s commitment to evidence-based innovation and patient-centric care.

    References

    • American Hair Research Society. Male Pattern Hair Loss (Androgenetic Alopecia) – prevalence data indicating approximately 50% of men experience hair loss by age 50.
    • Olsen EA et al. Female Pattern Hair Loss. Journal of the American Academy of Dermatology.
    • National Center for Biotechnology Information (NCBI), Endotext: Male Androgenetic Alopecia.
    • DermNet NZ – Female Pattern Hair Loss.
    • American Academy of Dermatology Association (AAD) – Hair Loss: Who Gets and Causes.

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  • Aritra Sarkar Unveils His Powerful Narrative “Are You Lonesome?” at Casa Broadway, Kolkata

    Aritra Sarkar Unveils His Powerful Narrative “Are You Lonesome?” at Casa Broadway, Kolkata

    Kolkata (West Bengal) [India], June 24: The iconic Casa Broadway in Kolkata set the stage for an inspiring and intellectually stimulating literary evening as author Aritra Sarkar unveiled his latest book, “Are You Lonesome?”. The event witnessed an enthusiastic gathering of readers, writers, and thinkers, all drawn together by a shared curiosity to explore themes of human connection, love, solitude, and the deeper nuances of loneliness.

    Published by Penguin Random House, “Are You Lonesome?” is not merely a self-help book but a deeply reflective and layered narrative that transcends conventional genre boundaries. Through a compelling blend of storytelling and introspection, Aritra Sarkar delves into the complexities of modern-day loneliness. Rooted in personal insights and keen observations, the book thoughtfully explores what it means to feel relevant, understood, and emotionally connected in an increasingly fragmented world.

    The evening featured an engaging discussion moderated by Dr. Kunal Sarkar, who guided the conversation with clarity and depth. He was joined by an esteemed panel comprising Dr. Julie Banerjee Mehta, Dr. Souraja Tagore, and Dr. Jai Ranjan Ram. Each panelist brought a unique perspective to the discussion, enriching the dialogue with diverse interpretations of the book’s themes and its literary significance.

    The panelists and moderator were unanimous in their appreciation of Aritra Sarkar’s work. They praised his ability to articulate the abstract and often misunderstood concept of loneliness with remarkable sensitivity and insight. The discussion emphasized that “Are You Lonesome?” stands apart from typical self-help literature, offering instead a meaningful and immersive exploration of the human condition.

    The event was further elevated by the presence of distinguished guest Alokananda Roy, whose attendance underscored the cultural importance of the occasion. Her presence added a layer of prestige to an already significant literary gathering.

    Organized by AHAVA Communications in collaboration with the AHAVA Readers’ and Writers’ Club, the evening reflected a shared commitment to nurturing literary culture and fostering meaningful conversations within the community. The seamless organization and thoughtful curation of the event contributed to its overall success.

    Addressing the audience, Aritra Sarkar spoke passionately about his creative journey and the philosophical underpinnings of his work. “We are often drawn toward results or outcomes,” he remarked, “but what truly matters is the journey.” Expanding on the central theme of his book, he described loneliness as a powerful metaphor, explaining that it often arises not from solitude, but from a sense of disconnection even in the presence of others.

    The audience remained actively engaged throughout the session, posing insightful questions and sharing personal reflections. The interactive nature of the discussion further highlighted the relevance of the book’s themes and the impact of Sarkar’s narrative.

    The launch of “Are You Lonesome?” marks an important addition to contemporary literature, offering readers a thoughtful and empathetic exploration of emotional realities that are often left unspoken. With its rich storytelling and profound insights, the book promises to leave a lasting impression on its readers.

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  • Empower India Limited Expands into Digital Solar Solutions to Capture India’s Fast-Growing Renewable Energy Market

    Empower India Limited Expands into Digital Solar Solutions to Capture India’s Fast-Growing Renewable Energy Market

    Strategic Move Aims to Unlock Renewable Energy Access for Millions of Consumers in India’s Rapidly Expanding 150+ GW Solar Ecosystem

    Mumbai (Maharashtra) [India], June 23: As India accelerates toward a renewable energy future backed by an estimated US$200 billion+ investment opportunity, over 150 GW of installed solar capacity, and a government target of 1 crore solar-powered households, Empower India Limited (NSE: EMPOWER, BSE: 504351) has announced its strategic expansion into next-generation Digital Solar solutions.

    This initiative aims to democratize access to renewable energy while supporting India’s growing energy needs, strengthening long-term energy security, and accelerating the country’s transition toward a sustainable and domestically powered future.

    Addressing the Market Gap While India advances its clean-energy ambitions, many consumers and businesses remain unable to participate in the solar revolution due to barriers such as a lack of rooftop ownership, inadequate installation space, high upfront capital requirements, and the complexities of managing solar infrastructure.

    Recognizing this, Empower India is evaluating innovative solar-access models designed to enable a wider section of society to benefit from renewable energy without the traditional hurdles of ownership. This initiative represents a strategic evolution of the Company’s existing expertise in renewable energy, solar solutions, and power infrastructure.

    Tapping into a Multi-Decade Growth Opportunity India’s transition toward sustainable energy is creating one of the largest infrastructure opportunities in the country’s history, with over US$200 billion in investment expected in the coming years. With the country having already surpassed 150 GW of installed solar capacity and the government’s PM Surya Ghar initiative targeting 1 crore households, the scale of the opportunity is significant.

    Empower India believes the next phase of growth will be driven by solutions that make clean energy more accessible, affordable, and scalable. The proposed platform is expected to focus on enabling customers to participate in renewable energy generation, thereby reducing reliance on conventional power and potentially lowering long-term energy costs.

    Positioning for India’s Energy Future – The expansion leverages Empower India’s existing capabilities in technology infrastructure, network management, digital platforms, and sustainable power solutions. By integrating technology and analytics with renewable infrastructure, the Company aims to create a differentiated ecosystem serving both individual and enterprise customers.

    “The future of energy lies not only in generating renewable power but in making renewable power accessible to every consumer and business,” said Mr. Rajesh Chavan, Managing Director of Empower India Limited. “Our vision is to build technology-enabled energy solutions that remove traditional barriers to solar adoption while creating a scalable and recurring revenue platform for long-term growth. This initiative aligns with our commitment to innovation, sustainability, and value creation for our shareholders”.

    As Empower India continues to strengthen its presence across technology and sustainable power solutions, the Company believes this strategic expansion positions it to participate in one of the most significant structural growth opportunities emerging in India’s renewable energy sector.

    About Empower India Limited:
    Empower India Limited (NSE: EMPOWER, BSE: 504351) is focused on technology infrastructure, network management, and sustainable power solutions, committed to driving innovation and value creation within India’s evolving energy landscape.

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  • Iris Clothings Enters Quick Commerce with One of India’s Dominant Quick Commerce Players

    Iris Clothings Enters Quick Commerce with One of India’s Dominant Quick Commerce Players

    Howrah (West Bengal) [India], June 22: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, has announced its entry into the Quick Commerce segment. The Company’s products will initially be available across Bengaluru and Hyderabad, marking a strategic expansion of its omnichannel distribution platform.

    Building on its strong foundation of distributor-led sales, Exclusive Brand Outlets (EBOs), and its recently launched Direct-to-Consumer (D2C) platform, it continues to strengthen its market presence through high-growth retail channels. The addition of Quick Commerce enhances the Company’s ability to reach consumers across multiple touchpoints while further improving accessibility, convenience, and brand visibility.

    The move is particularly significant given the gifting-led nature of the kidswear category, where purchase decisions are often immediate and occasion-driven. As one of the fastest-growing segments within India’s retail landscape, Quick Commerce is rapidly transforming consumer purchasing behaviour and emerging as a powerful demand-generation channel. By leveraging the Quick Commerce platform, Iris Clothings is well positioned to capitalize on this structural shift and unlock incremental growth opportunities.

    Commenting on the update, Mr. Santosh Ladha, Managing Director of Iris Clothings Limited said: “Our entry into Quick Commerce represents a significant milestone in Iris Clothings’ growth journey and reflects our commitment to building a robust, future-ready distribution ecosystem. With our presence now spanning traditional retail, EBOs, D2C, and Quick Commerce, we have established a diversified omnichannel platform capable of serving consumers across every major purchase touchpoint. This initiative strengthens our market reach, enhances brand visibility, and positions us to participate in one of the most compelling growth opportunities within the Indian retail sector. We believe Quick Commerce will serve as an important lever in driving customer acquisition, accelerating brand penetration, and supporting long-term value creation.”

    About Iris Clothings Limited

    Founded in 2004 and headquartered in Howrah, West Bengal, Iris Clothings Limited is a publicly listed company engaged in the design, manufacturing, branding, and distribution of children’s apparel. With seven in-house manufacturing facilities and two warehousing units, the company operates a fully integrated model — allowing scale, speed, and quality control across product categories. Iris Clothings serves over 140 distributors and has a strong retail presence in 26 states across India. In addition to DOREME, the company has developed multiple brand verticals and continues to focus on affordable fashion innovation. Iris Clothings Limited has been listed on NSE since 2018.

    For FY26, the company has reported Total Income of ₹1,909 Mn, EBITDA of ₹294 Mn, and Net Profit of ₹162 Mn.

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  • Sumeet Industries Limited’s ₹199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project

    Sumeet Industries Limited’s ₹199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project

    Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211), one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities.

    Rights Issue Overview:

    The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹199.75 Cr through the issuance of ₹16.84 Cr fully paid-up equity shares. 

    The Company proposes to deploy ₹49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalisation of Additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹90.00 Cr; with the balance ₹41.00 Cr being funded through internal accruals. Expected to be recommissioned in Q1 FY27-28, the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations.

    Key Terms of Rights Issue:

    • Rights Issue Size ₹199.75 Cr 
    • Shares Offered 16.84 Cr Equity Shares 
    • Issue Price ₹11.86 Per Share 
    • Face Value ₹2 Per Share 
    • Entitlement Ratio 8 Rights Shares for every 25 Shares Held 
    • Record Date June 12, 2026 
    • Issue Opened June 22, 2026 
    • Last Date for Renunciation July 15, 2026 
    • Issue Closes July 20, 2026

    Proposed Utilisation of Net Proceeds (₹ 194.90 Cr)

    • Working Capital Support (₹100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials.
    • Nakoda Asset Integration (₹49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited.
    • Debt Repayment (₹23.00 Cr): To prepay existing borrowings, reduce finance costs, and strengthen the Company’s balance sheet.
    • 6.5 MW Solar Power Plant (₹22.00 Cr): To establish a captive solar power plant, reduce energy costs, and enhance long-term energy security and sustainability.

    Strategically, the proposed capital allocation is focused on four key pillars – manufacturing scale-up, asset integration, balance sheet strengthening, and energy security. Together, these initiatives are expected to enhance operational resilience, improve resource efficiency, and strengthen the Company’s long-term growth platform. The planned investments are intended to strengthen Sumeet Industries’ competitive positioning while supporting sustainable and profitable growth over the long term.

    The capital raised through the Rights Issue will support Sumeet Industries next phase of growth by strengthening working capital, accelerating the integration of acquired manufacturing assets, optimizing the capital structure through debt reduction, and enhancing energy security through a captive solar power facility. These initiatives are expected to improve operational efficiency, expand manufacturing capabilities. Issue De

    Commenting on the Rights Issue, Mr. Pratik R. Jaju, Managing Director of Sumeet Industries Limited said, “The Rights Issue marks an important milestone in Sumeet Industries’ growth journey and reflects our commitment to strengthening the Company’s operational and financial position. We are pleased to offer our existing shareholders an opportunity to participate in the Company’s future growth.The proposed fund raise of ₹199.75 Cr will support key strategic priorities, including working capital requirements, integration of acquired manufacturing assets, debt reduction, and investment in a captive solar power facility. A key focus area will be the operationalisation of the recently acquired Polyester Chips manufacturing facility from Nakoda Limited, which is expected to strengthen backward integration and enhance our integrated polyester value chain.This acquisition will support our downstream POY and FDY operations, enhance operational scale, and provide a strong platform for future growth. Driven by the anticipated benefits of this acquisition and its integration, the Company expects approximately 30% growth in Total Income during FY 2026-27, with EBITDA margins in the range of 5.0%–6.0%. Following the successful integration of the acquisition, Total Income is expected to nearly double in FY 2027-28, while EBITDA margins are expected to improve to 5.5%–6.5%.As we continue to focus on expanding our presence across the polyester value chain, strengthening backward integration, we believe this Rights Issue will further position the Company to capitalize on emerging growth opportunities and deliver sustainable long-term value for all stakeholders.”

    About Sumeet Industries Limited

    Incorporated in 1988, Sumeet Industries Limited is a Surat-based integrated polyester manufacturer engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn. The company has been taken over by the Eagle Group, Successful Resolution Applicant, in pursuance of the Hon’ble NCLT order dated 16 July 2024. The promoters of Eagle Group are seasoned technocrats with over 40 years of experience in the textile industry, bringing strong operational and strategic expertise to the company.

    With over four decades of experience, Sumeet Industries operates a technologically advanced manufacturing facility equipped with international-standard quality testing and R&D infrastructure for developing a wide range of yarns and applications. The Board has approved Phase 1 of the polyester yarn capacity expansion, involving an addition of 15,000 tonnes per annum with an investment of ₹30 Cr, aimed at strengthening the company’s presence in the value-added synthetic yarn segment while supporting scale and profitability. 

    The company has also invested 27% stake in HI-URJA TECHNO LLP, a Solar Power Generating Plant which has installed capacity of 14 MW as a Captive consumer and has been sourcing solar. Apart from this the company has also been weighing to source to get Renewal power (Solar, Wind and Both) under Captive/Group captive from various Generators

    Sumeet Industries is also focusing on developing value-added yarns, introducing Bright and dope dyed yarn, and widening its product range to cater to diverse applications within the domestic textile industry.

    In FY26, the company recorded revenue of ₹1,053.81 Cr, EBITDA of ₹60.77 Cr, and Profit After Tax (Including Exceptional Item) of ₹27.33 Cr.

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  • Japanese Leading Publisher KODANSHA Announces Entry into India in Partnership with DNP and IJ KAKEHASHI

    Japanese Leading Publisher KODANSHA Announces Entry into India in Partnership with DNP and IJ KAKEHASHI

    New Delhi [India], June 23: IJ Kakehashi Services Pvt. Ltd.  (Head Office: Delhi, India; Managing Director: Sanjay Kumar Panda; hereinafter “IJK”) is proud to announce its participation as a founding shareholder in a Joint Venture company to be established in New Delhi, India, along with Kodansha Ltd.  (Head Office: Tokyo; President & Representative Director: Yoshinobu Noma) and Dai Nippon Printing Co. Ltd. (Head Office: Tokyo; President: Yoshinari Kitajima; hereinafter “DNP”).

    Kodansha’s Indian entity will start operation by autumn 2026 and carry out marketing, manufacturing, and publishing activities for Kodansha’s manga and other content, creating affordable localized editions for the Indian market.

    This marks a significant milestone as it will be for the first time that a Japanese leading general publishing company will be establishing its local subsidiary in India.

    IJK brings to this venture its rich expertise of working for over two decades in the space of India-Japan business linkages. IJK will serve as the on-ground operational partner, facilitating the seamless introduction of Kodansha’s world-renowned titles to Indian readers.

    India’s rapidly growing population and expanding middle class have nurtured an enthusiastic and fast-growing fan base for Japanese manga and content, particularly amongst the younger population. Popular titles such as “Attack on Titan” and “Blue Lock” are among the Kodansha titles that will be made available.

    “We are honored to partner with leading Japanese companies, Kodansha and DNP, in this historic venture. India has one of the world’s most vibrant and youthful readerships, and the enthusiasm for Japanese manga here is extraordinary. Kodansha’s books such as “Totto Chan” and the Mottainai Grandma series are already popular in India, and IJK has been a part of this journey. This is a bridge between two great cultures of storytelling, and IJK is privileged to be a part of it,” said Sanjay Panda of IJK.

    Key Information:

    • Shareholders & Investment Ratios: Kodansha Ltd. (81%), Dai Nippon Printing Co., Ltd. (14%), IJ Kakehashi Services Pvt. Ltd. (5%)
    • Managing Director: Hirotoshi Kurita (Director, Kodansha Ltd.)
    • Capital: INR 95 million
    • Location: Delhi, India
    • Business: Publishing and content business
    • Establishment: July 2026
    • Start of Operations: Autumn 2026 (planned)

    The information contained herein is as of the date of announcement and is subject to change without prior notice.

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  • Kratikal Tech Limited IPO Opens on June 30, 2026

    Kratikal Tech Limited IPO Opens on June 30, 2026

    Mumbai (Maharashtra) [India], June 23: Kratikal Tech Limited is an AI driven, Software-as-a-Service based cybersecurity company, proposes to open its Initial Public Offering on June 30, 2026, aiming to raise ₹ 39.69 Crores (at upper price band) with shares to be listed on the BSE SME.

    The issue size is 29,40,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 128 – ₹ 135 Per Share.

    Equity Share Allocation

    • QIB Anchor Portion – Upto 8,31,000 Equity Shares
    • Qualified Institutional Buyer – Not more than 5,58,000 Equity Shares
    • Non-Institutional Investors – Not less than 4,23,000 Equity Shares
    • Individual Investors – Not less than 9,78,000 Equity Shares
    • Market Maker – Up to 1,50,000 Equity Shares

    The net proceeds from the IPO will be utilized for Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources, Investment in product development, and general corporate purposes. The anchor portion will open on Monday, June 29, 2026. The Issue will open on Tuesday, June 30, 2026 and will close on Thursday, July 02, 2026.

    The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited & KFin Technologies Limited is Registrar to the Issue.

    Mr. Pavan Kumar, Chairman, Managing Director & CEO of Kratikal Tech Limited expressed, “The cybersecurity landscape is evolving rapidly, and organizations today require intelligent, proactive, and comprehensive solutions to safeguard their people, processes, and technology. At Kratikal Tech, we have built a differentiated AI-driven cybersecurity platform that enables enterprises to strengthen their cyber resilience and stay ahead of emerging threats.

    The launch of our IPO represents a significant milestone in our journey and reflects the confidence we have in our business model, technology capabilities, and growth prospects. The proceeds from the issue will enable us to accelerate our global expansion, strengthen our product portfolio, invest in innovation, and further enhance our sales, marketing, and talent capabilities across key markets.

    As digital transformation continues to gain momentum worldwide, the demand for robust cybersecurity solutions is expected to grow substantially. With our proven track record, strong client relationships, and scalable SaaS-led platform, we are well-positioned to capitalize on these opportunities.”

    About Kratikal Tech Limited:

    Kratikal Tech Limited is an AI driven, Software-as-a-Service based cybersecurity company protecting more than 677 clients with a workforce 200 skilled professionals. The Company operates through two integrated business lines and services designed to reduce cyber risk and enhance organizational resilience through a unique dual-layered approach:

    • People Security Management (PSM): Through its Threatcop platform, the Company mitigates human-centric cyber risks (like phishing) by assessing and training employees.
    • Technology & Process Security: Under the Kratikal brand, it provides comprehensive defense for the technology stack.

    Together, these offerings deliver integrated protection across the People–Process–Technology framework in an increasingly complex threat environment.

    In FY26, The Company achieved a Revenue of ₹ 3,671.59 Lakhs, EBITDA of ₹ 908.08 Lakhs & PAT of ₹ 614.25 Lakhs.

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.