Tag: Business

  • 17-Year-Old Student Saachi Pasari Disrupts the Luxury Market with the Global Debut of ‘Hangover’

    17-Year-Old Student Saachi Pasari Disrupts the Luxury Market with the Global Debut of ‘Hangover’

    Founded by 17-year-old Mumbai student Saachi Pasari, Hangover’s debut luxury womenswear drop sold out within days.

    Mumbai (Maharashtra) [India], May 26: A new independent luxury fashion label is entering India’s growing premium womenswear market. Founded by 17-year-old Mumbai student Saachi Pasari, Hangover officially launched earlier this year with a limited-edition debut collection that sold out within days of its digital release. The label positions itself within the growing space between occasion wear and contemporary nightlife fashion, offering statement silhouettes designed for younger consumers seeking exclusivity and elevated styling. The debut collection includes dresses featuring intricate hand embroidery, detailed handwork, and embellishments created using high-quality stones, beads, and crystals. The collection draws inspiration from nightlife culture, modern glamour, and current fashion trends while focusing on wearability and comfort.

    Limited Drops and Growing Consumer Demand

    Rather than operating on a large-scale production model, Hangover follows a limited monthly drop format, releasing small quantities of designs at a time. The strategy reflects a broader shift within the luxury fashion industry, where exclusivity and scarcity increasingly drive consumer demand, particularly among Gen Z audiences. The brand’s early traction also highlights the growing influence of digitally native luxury labels emerging from India. Despite maintaining a relatively small social media presence during launch, Hangover reportedly generated strong initial demand across multiple cities, including Mumbai, Delhi, Singapore, and Los Angeles.

    Craftsmanship at the Core of the Brand

    A major focus for the label is craftsmanship and garment detailing. According to the brand, each piece undergoes extensive embroidery and tailoring work, with some garments requiring up to 200 man-hours before completion. The production process combines hand-finished embellishment techniques with contemporary silhouettes intended for modern eveningwear consumers. Hangover’s designs also emphasize premium fabrics and limited-edition construction. The brand says its focus is on creating pieces that feel “young, bold, and personal,” while prioritizing high-quality craftsmanship and statement design elements. This approach is becoming increasingly common among newer luxury labels attempting to distinguish themselves in a saturated premium fashion market.

    The Inspiration Behind ‘Hangover’

    The name “Hangover” itself is inspired by the idea of memorable nights, celebration, and high-energy experiences. According to the founder, the brand was created to make wearers feel confident, glamorous, and expressive through fashion choices that stand out while remaining easy to style. While the brand is still in its early stages, Hangover enters the market at a time when Indian luxury consumers are increasingly shifting toward homegrown designer labels rather than relying solely on international brands. Over the past few years, India’s premium fashion segment has seen growing demand for limited-run collections, handcrafted garments, and occasion-focused dressing, particularly among younger shoppers influenced by social media and nightlife culture.

    Balancing Education and Entrepreneurship

    Pasari, who is currently completing her studies at the German International School in Mumbai, has balanced the launch of the brand alongside academic commitments. While Hangover remains independently positioned, the founder has acknowledged receiving operational guidance from her father, Abhishek Pasari, who leads textile company ABP Industries. However, the brand’s positioning, visual direction, and market identity have been developed specifically for a younger fashion audience. According to Pasari, the team spent several months researching consumer behavior and identifying gaps within the premium womenswear space before launching the collection.

    What’s Next for the Brand

    Industry observers note that digitally led fashion businesses are increasingly reducing reliance on traditional retail models. Brands targeting younger luxury shoppers are instead focusing on curated online drops, exclusivity-driven marketing, and community-led visibility. Hangover appears to be following this approach, using selective releases and highly stylized visual branding to create demand rather than pursuing large-scale inventory expansion. The brand is now preparing for future monthly drops while also exploring physical retail expansion in Mumbai. According to the company, plans are underway for a flagship storefront that would allow customers to experience the garments, fabrics, and detailing in person. As India’s independent luxury fashion space continues to evolve, Hangover represents a new generation of youth-led labels blending handcrafted design, digital-first strategy, and limited-edition exclusivity. Its early response suggests there is increasing appetite among younger consumers for contemporary Indian brands that combine premium craftsmanship with modern nightlife-inspired aesthetics.

    Media Contact

    Instagram link: Hangover by Saachi

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  • Crescent Group Strengthens Lucknow’s Commercial Real Estate Landscape with Crescent Heights and Platinum Mall

    Crescent Group Strengthens Lucknow’s Commercial Real Estate Landscape with Crescent Heights and Platinum Mall

    Lucknow (Uttar Pradesh) [India], May 26: The commercial real estate market in Lucknow is witnessing rapid growth, and  Crescent Group is emerging as a prominent name redefining premium business and retail infrastructure in the city. With landmark developments like Crescent Heights and Platinum Mall located in the rapidly expanding Sushant Golf City corridor near Lulu Mall, the group is creating a dynamic commercial ecosystem for leading national and international brands.

    Strategically positioned on Shaheed Path in Lucknow, both projects offer high visibility, strong connectivity, and modern infrastructure, making them ideal destinations for corporate offices, retail outlets, banks, educational institutions, and lifestyle brands.

    Crescent Heights Becomes a Preferred Commercial Destination in Lucknow

    Located at T-2, IBB-2, Sushant Golf City, Near Lulu Mall, Shaheed Path, Lucknow – 226030, Crescent Heights has already attracted several reputed brands and institutions. The project is designed to cater to the growing demand for premium commercial spaces in one of Lucknow’s fastest developing zones.

    Prominent brands currently associated with Crescent Heights include:

    • HDFC Bank
    • Haldiram’s
    • Tata
    • Toyota
    • Radio City
    • Canara Bank
    • Punjab National Bank
    • Rishita Developers

    The project has successfully received its Completion Certificate, further strengthening buyer and investor confidence. Being a RERA registered commercial project, Crescent Heights offers credibility, compliance, and long-term value for businesses and investors alike.

    Platinum Mall Expands Retail and Corporate Opportunities

    Another major commercial development by Crescent Group, Platinum Mall, is located at T-6, IBB-2, Sushant Golf City, Near Lulu Mall, Shaheed Path, Lucknow – 226030.

    The mall has rapidly emerged as a hub for retail, education, technology, and food brands. Some of the leading names currently operating within Platinum Mall include:

    • IBM
    • Domino’s
    • Godrej
    • Physics Wallah
    • Swiggy

    With its modern commercial architecture, strategic location, and increasing footfall, Platinum Mall is positioned to become one of Lucknow’s most sought after business and retail destinations.

    Upcoming Expansion in Vibhuti Khand

    Continuing its growth momentum, Crescent Group has also announced an upcoming commercial project in Vibhuti Khand, Lucknow, one of the city’s prime commercial and corporate hubs. The upcoming development is expected to further strengthen the group’s presence in Uttar Pradesh’s booming commercial real estate sector.

    Focus on Infrastructure, Brand Value, and Investment Growth

    The rise of organized commercial infrastructure in Lucknow has opened new opportunities for brands, startups, investors, and entrepreneurs. Crescent Group’s developments focus on premium location advantages, modern amenities, brand visibility, and long-term commercial sustainability.

    With increasing demand for commercial spaces near major urban landmarks such as Lulu Mall Lucknow and Shaheed Path, Crescent Group’s projects are witnessing growing attention from businesses seeking scalable and future-ready commercial environments.

    The company’s emphasis on compliance, infrastructure quality, and strategic tenant partnerships reflects its vision of building commercially vibrant destinations that contribute to Lucknow’s evolving urban growth story.

    For more information, visit:

    Crescent Group Official Website

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  • Evox Launches a New Movement for Mobility, Dignity, and Independent Living in India

    Evox Launches a New Movement for Mobility, Dignity, and Independent Living in India

    New Delhi [India], May 26: In a world where mobility is often taken for granted, Evox is emerging as a brand determined to change the narrative around disability, aging, and independence. More than just an assistive technology company, Evox is building a movement focused on restoring dignity, confidence, and freedom for individuals with mobility challenges.

    Operating in the rapidly growing assistive mobility and healthcare innovation sector, Evox is redefining what mobility solutions should represent. The company believes that disability is not inability — the real challenge lies in inaccessible environments, lack of awareness, and limited access to reliable mobility support. Through thoughtfully designed electric wheelchairs and mobility solutions, Evox aims to bridge the gap between people and possibilities.

    At the heart of Evox’s mission is a simple but powerful belief: mobility is not a luxury; it is a basic human right.

    Across India, millions of elderly individuals, people with disabilities, and those recovering from injuries struggle daily with dependence and restricted movement. While technology has evolved in many industries, assistive mobility often remains overlooked, expensive, or designed without considering the emotional and practical realities of users. Evox seeks to challenge that approach by creating products designed with empathy, not just engineering.

    Every Evox mobility solution is crafted to prioritize user comfort, dignity, independence, and ease of use. The company combines premium quality with practical affordability, ensuring that mobility support is not limited to a privileged few. Beyond product innovation, Evox places strong emphasis on after-sales service and customer care, recognizing that trust and support are critical for users and their families.

    “Our goal is not simply to sell wheelchairs,” said a spokesperson from Evox. “We want to restore confidence, independence, and the ability for people to live life on their own terms. A wheelchair should not symbolize limitation — it should symbolize possibility.”

    What sets Evox apart in the mobility solutions market is its human-centered philosophy. While many companies focus solely on technical specifications, Evox focuses on the lived experiences of individuals navigating daily life with mobility challenges. The company actively listens to users, caregivers, healthcare professionals, and rehabilitation experts to design products that solve real-world problems.

    This vision is especially relevant in a country like India, where conversations around accessibility and independent living are only beginning to gain momentum. From uneven infrastructure to social stigma, mobility challenges extend far beyond physical movement. Evox believes that meaningful change requires not only innovative products but also greater awareness and empathy within society.

    The company is actively investing in digital storytelling, customer success campaigns, and educational initiatives to shift public perception around disability and aging. Through real stories of resilience and empowerment, Evox aims to inspire conversations about inclusion, accessibility, and equal opportunity.

    For caregivers and families, mobility solutions often become deeply emotional decisions. Dependence can impact not only physical well-being but also mental health, self-esteem, and overall quality of life. Evox understands this emotional dimension and strives to create solutions that empower both users and their support systems.

    Healthcare institutions and rehabilitation centers are also becoming increasingly important partners in Evox’s mission. By collaborating with hospitals, therapists, and care providers, the company hopes to create a broader ecosystem that supports independent living and long-term mobility care.

    As part of its long-term vision, Evox aims to become India’s most trusted electric wheelchair brand while expanding globally as a premium mobility solutions provider. The company plans to continue innovating in assistive technology and developing products that adapt to evolving user needs.

    However, for Evox, growth is not measured solely by market share or revenue. Success is measured by impact  the ability to help someone step outside independently, reconnect with society, regain confidence, or simply move through daily life with dignity.

    The company’s message is clear: the problem is not the person; it is the environment society has built around them. With the right support, technology, and accessibility, every individual deserves the freedom to live fully and independently.

    As India moves toward a more inclusive future, Evox hopes to stand at the forefront of that transformation  proving that assistive technology is not merely about movement, but about empowering human potential.

    With empathy-driven innovation, meaningful storytelling, and a commitment to accessibility, Evox is not just creating mobility products. It is helping build a world where independence, dignity, and inclusion are within everyone’s reach.

    Visit for More Information Website: https://blog.shopevox.com/

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  • Patel Retail Limited Caps FY26 with a Spectacular 55% PAT Surge to Rs 39.05 Cr; PAT Margins Expand by 63 BPS

    Patel Retail Limited Caps FY26 with a Spectacular 55% PAT Surge to Rs 39.05 Cr; PAT Margins Expand by 63 BPS

    Mumbai (Maharashtra) [India], May 26: Patel Retail Limited (BSE: 544487 | NSE: PATELRMART), a diversified retail and food processing company, announced its audited Financial Results for Q4 FY26 & FY26.

    Key Financial Highlights

    FY26 Financial Highlights

    • Total Income of ₹ 1,059.29 Cr, YoY growth of 28.25%
    • EBITDA of ₹ 83.08 Cr, YoY growth of 33.07%
    • EBITDA Margin of 7.84%, YoY expansion of 28 Bps
    • PAT of ₹ 39.05 Cr, YoY growth of 54.48%
    • PAT Margin of 3.69%, YoY expansion of 63 Bps
    • EPS of ₹ 13.03, YoY growth of 26.50%

    Q4 FY26 Financial Highlights

    • Total Income of ₹ 339.55 Cr, YoY growth of 53.35%
    • EBITDA of ₹ 22.74 Cr, YoY growth of 31.21%
    • EBITDA Margin of 6.70%, YoY decline of (113) Bps
    • PAT of ₹ 9.98 Cr, YoY growth of 39.07%
    • PAT Margin of 2.94%, YoY decline of (30) Bps
    • EPS of ₹ 2.99, YoY growth of 3.82%

    Commenting on the performance, Mr. Rahul Patel, Chief Executive Officer of Patel Retail Limited, said, “We are pleased with the strong operational momentum witnessed during the quarter, supported by healthy demand trends, efficient execution, and continued retail expansion across key markets. During the period, we achieved important milestones with the launch of our 50th store in Thakurli and 51st store in Rasayani, further strengthening our presence and customer accessibility across the Mumbai Metropolitan Region.

    Our export business also continues to gain traction across international markets, reflecting increasing acceptance of our product quality, competitive positioning, and diversified offerings. At the operational level, we remain focused on strengthening private label contribution, improving supply chain efficiencies, and enhancing productivity through backward integration initiatives.

    Going forward, we remain committed to expanding our retail footprint, improving operational efficiencies, strengthening exports, and driving sustainable growth through disciplined execution and customer-focused strategies.”

    Commenting on the performance, Mr. Dhanji Patel, Chairman & Managing Director of Patel Retail Limited, said, “FY26 has been one of the strongest years in the company’s journey, marked by robust revenue growth, improved profitability, and continued business expansion across key verticals. The strong performance reflects the strength of our diversified business model, disciplined execution, and our ability to capitalize on emerging growth opportunities.

    During the year, we continued to strengthen our market presence through strategic expansion initiatives, deeper customer engagement, and a sharper focus on value-added product categories. Our consistent efforts towards improving operational efficiencies, enhancing private label contribution, and expanding our product portfolio have supported both growth and profitability.

    Looking ahead, we remain optimistic about the long-term growth outlook for the company. With a strong expansion pipeline, growing export opportunities, improving product mix, and continued focus on innovation and operational discipline, we are confident of sustaining healthy growth momentum and creating long-term value for all stakeholders.”

    Key Operational Highlights 

    Retail Expansion – 50th Store Launch in Thakurli, Mumbai (MMR Milestone) Achieved key milestone with launch of 50th Patel’s R Mart store in Thakurli, MumbaiStrategically located in a densely populated residential catchment to drive strong footfallsOffers comprehensive range of groceries, daily essentials, and household productsStrengthens presence in high-growth suburban micro-markets within MMRReinforces Company’s position as a rapidly scaling value retail chain in the region
    Retail Expansion – 51st Store Launch in Rasayani, Raigad (MMR Penetration)

    Expanded network with launch of 51st store in Rasayani, Khalapur, Raigad districtStrengthens footprint in semi-urban and emerging markets within MMR regionEnhances accessibility to organised retail in high-potential residential clusters Continues focus on proximity-based expansion to drive customer convenience 
    Export Operations – DGFT Authorization for Wheat Flour & Related Products Received export authorization from the Directorate General of Foreign Trade (DGFT), Government of India. Approved to export wheat flour and related products across international markets. Strengthens the company’s export capabilities and global market presence. Reflects compliance with international quality and regulatory standards. Backed by a strong manufacturing infrastructure and an established export track record

    About Patel Retail Limited

    Patel Retail Limited is a leading name in value-driven retail and integrated food processing in India. Headquartered in Ambernath, Mumbai, with operations across the MMRDA region, the company combines modern retail formats with backward integration in agri-processing to ensure quality, cost efficiency, and supply reliability. It also extends its reach through a mobile application that connects customers to their nearest store and offers free home delivery. 

    Patel Retail has built a strong portfolio of products through its in-house brands – Indian Chaska for spices and flavourings, Patel Fresh for pulses, nuts, and dry fruits, and Patel Essential for household and cleaning products. Supported by food processing units in Dudhai, Gujarat, and a facility in Ambarnath MIDC, along with a current network of 51 stores, the company maintains strict quality and safety standards while delivering value across its product categories. 

    With an expanding footprint in Thane, Raigad, and Palghar District, Patel Retail has steadily strengthened its presence in suburban and emerging urban markets. This growth momentum culminated in its successful Initial Public Offering in August 2025, with the company’s shares listed on the BSE and NSE on August 26, 2025, marking an important milestone in its journey of scale, trust, and customer centricity.

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  • Andaman Travel Care Recognized for Customized Andaman Tour Packages and Honeymoon Travel Experiences

    Andaman Travel Care Recognized for Customized Andaman Tour Packages and Honeymoon Travel Experiences

    Premium Andaman Tour Packages & Honeymoon Experiences in Andaman & Nicobar Islands

    Port Blair (Andaman & Nicobar Islands) [India], May 26: AndamanTravelCare, a certified member of the Andaman Association of Tour Operators (AATO) and approved by the Andaman Tourism Department, has strengthened its position as a trusted provider of customized Andaman tour packages, honeymoon experiences, private island tours, and complete travel solutions across the Andaman and Nicobar Islands.

    Based in Port Blair, AndamanTravelCare specializes in personalized travel planning for families, couples, honeymooners, corporate groups, and international tourists. With over 10 years of experience in Andaman tourism, the company combines local expertise, transparent pricing, and reliable on-ground support to deliver seamless island travel experiences.

    “Our goal is to make Andaman travel simple, transparent, and memorable for every guest,” said a spokesperson for AndamanTravelCare. “We handle everything from ferry coordination to hotels, sightseeing, and honeymoon arrangements so travelers can enjoy a stress-free journey.”

    Trusted Credentials and Customer Confidence

    AndamanTravelCare is a government-licensed tour operator and official AATO member certified by the Andaman Tourism Department.

    The company has earned:

    • 500+ verified 5-star reviews across Google, TripAdvisor, and Facebook
    • 5.0 average customer rating
    • 40% repeat customer rate
    • Tripadvisor Travelers’ Choice Awards 2025 & 2026

    These recognitions highlight its strong reputation in customized Andaman tour packages and honeymoon travel services.

    Customized Andaman Tour Packages

    AndamanTravelCare offers fully customizable Andaman tour packages ranging from 4 nights to 7+ nights. Each itinerary is designed based on budget, hotel preference, travel style, and activity selection.

    Package Categories:

    • Budget Packages (₹11,900–₹16,000 per person): Affordable stays, transfers, sightseeing, and essential travel support
    • Mid-Range Packages (₹16,000–₹26,000 per person): Sea-view hotels, meals, water sports, and upgraded travel experiences
    • Luxury Packages (₹28,000+ per person): Beach resorts, private drivers, yacht experiences, candlelight dinners, and premium services

    Each package includes hotels, private transportation, ferry coordination, guided sightseeing, water sports assistance, and 24/7 customer support.

    Premium Andaman Honeymoon Packages

    AndamanTravelCare is widely recognized for its romantic Andaman honeymoon packages designed for couples seeking privacy, comfort, and unforgettable experiences.

    Honeymoon inclusions may feature:

    • Candlelight beach dinners
    • Sunset cruises
    • Flower bed decoration
    • Ocean-view resort stays
    • Private beach experiences
    • Couple photography sessions

    These packages are designed to offer stress-free romantic holidays across the Andaman Islands.

    Local Expertise and On-Ground Support

    With its operational base in Port Blair, AndamanTravelCare provides strong local support and real-time travel coordination.

    The company works with verified:

    • Hotels and resorts
    • Ferry operators
    • Water sports providers
    • PADI-certified diving partners
    • Local transport services

    This ensures smooth inter-island travel across Havelock Island, Neil Island, North Bay, and Port Blair.

    Popular Andaman Destinations Covered

    Travel packages include top destinations such as:

    • Radhanagar Beach
    • Elephant Beach
    • Cellular Jail National Monument
    • Ross Island
    • North Bay Island
    • Havelock Island
    • Neil Island
    • Natural Bridge

    Travel Experiences Offered

    AndamanTravelCare provides a wide range of travel experiences including:

    • Scuba diving and snorkeling
    • Sea walking and glass-bottom boat rides
    • Island hopping tours
    • Heritage and cultural tours
    • Beach holidays and relaxation packages
    • Adventure water sports
    • Honeymoon travel experiences

    Best Time to Visit Andaman

    The best time to visit Andaman is October to May, when weather conditions are ideal for sightseeing, water sports, and inter-island travel. The company assists travelers in planning trips based on seasonal conditions and ferry availability.

    Transparent Pricing and Personalized Planning

    A key strength of AndamanTravelCare is its transparent pricing model. Travelers receive clear breakdowns of hotel costs, ferry tickets, transport, and activities.

    Customers can customize:

    • Hotel categories
    • Travel duration
    • Activities
    • Meal plans
    • Honeymoon inclusions
    • Transport options

    About AndamanTravelCare

    AndamanTravelCare is a Port Blair-based, government-licensed tour operator specializing in customized Andaman tour packages, honeymoon packages, private island tours, hotel bookings, ferry coordination, and travel experiences. As a certified AATO member and Andaman Tourism Department-approved company, it focuses on delivering transparent pricing, local expertise, and personalized travel services.

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  • Fredun Pharmaceuticals Announces 2:1 Bonus Issue, Signaling Strong Growth Confidence

    Fredun Pharmaceuticals Announces 2:1 Bonus Issue, Signaling Strong Growth Confidence

    Mumbai (Maharashtra) [India], May 26: Fredun Pharmaceuticals Limited (BSE – FREDUN | 539730), one of the leading pharmaceutical formulation manufacturing companies in India, diversified across generics, cosmeceuticals, nutraceuticals, mobility, and animal healthcare products, has announced a 2:1 bonus issue of equity shares, underscoring its strong financial performance and continued confidence in future growth.

    The Board of Directors, at its meeting held on May 25, 2026, wherein the audited financial results for Q4 and FY26 were approved, has recommended the issuance of bonus shares in the ratio of 2:1, i.e. 2 fully paid-up equity shares of ₹10 each for every 1 existing equity share of ₹10 each, to eligible shareholders and warrant holders as on the record date, subject to shareholder approval.

    The bonus issue reflects Fredun’s strategic intent to:

    • Reward shareholders for their sustained confidence and long-term commitment to the Company’s growth vision 
    • Signal management’s confidence in the structural earnings growth and long-term scalability of the business 

    With multiple high-growth engines firmly in place — including branded generic exports to 52 countries, domestic Fredun Gx formulations, an integrated pet healthcare platform (Freossi, Wagr and One Pet Stop), nutraceuticals, and cosmeceuticals (Bird N Beauty) — the Company is well-positioned to sustain its growth trajectory. The inauguration of its 5th GMP-certified manufacturing facility in April 2026 provides significant capacity headroom to support the next phase of scaling across all verticals.

    This move not only aligns with the company’s consistent value creation philosophy but also reinforces its commitment to delivering long-term, inclusive wealth creation for shareholders.

    Commenting on the update, Mr. Fredun Medhora, Managing Director, said, “The recommendation of a 2:1 bonus issue reflects the strong momentum we have built and our confidence in sustaining this growth trajectory. With robust performance across revenue and profitability, and continued progress in diversifying into higher-value segments such as nutraceuticals, cosmeceuticals, and pet healthcare, we are strengthening the quality and scalability of our business. This bonus is a way of sharing our progress with shareholders while reinforcing our commitment to consistent, long-term value creation.”

    About Fredun Pharmaceuticals Limited

    Fredun Pharmaceuticals Limited, a healthcare and pharmaceuticals company, offers a range of products, including antihypertensives, antidiabetics, antiretroviral drugs (ARVs), and narcotics. It is also engaged in the manufacturing of dietary/herbal supplements, nutraceuticals, cosmeceuticals, and other healthcare products, along with animal healthcare products. With such a diverse range of products, the Company’s objective is to be a holistic healthcare provider. The Company primarily exports its products to Africa, Southeast Asia, Commonwealth of Independent States (CIS) countries, and Latin America. 

    In FY26, Fredun reported total revenues of ₹639.12 Cr, with an EBITDA of ₹94.79 Cr and a PAT of ₹33.21 Cr.

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  • TGI Fridays® Launches Delhi NCR Flagship At Connaught Place

    TGI Fridays® Launches Delhi NCR Flagship At Connaught Place

    Suraj Mahant of Feastary Hospitality LLP; Prashant and Pranay Mukherjee, Directors, Bistro Hospitality and Universal Success Enterprises Ltd; Kuunal Maiti, CEO TGI Fridays India

    New Delhi [India], May 26: TGI Fridays®, the globally renowned American casual dining brand, has unveiled its newest flagship restaurant at the landmark Connaught Place in New Delhi. The restaurant marks another significant milestone in the brand’s India growth story and has been launched by Bistro Hospitality Pvt. Ltd., the master franchisee for TGI Fridays® in India, along with its North India franchise partner Feastary Hospitality LLP.

    Present across more than 40 countries, TGI Fridays continues to bring together bold American flavours, handcrafted cocktails, vibrant energy, and its signature hospitality-driven experience for guests around the world. The Connaught Place flagship reflects the brand’s continued focus on elevating experiential dining in India’s leading metropolitan and lifestyle destinations.

    The opening forms part of TGI Fridays’ ambitious expansion strategy for India, aimed at strengthening its footprint in premium urban markets while creating globally aligned dining experiences tailored for the evolving Indian consumer.

    “Over the last year, our focus has been on strategically reviving and repositioning TGI Fridays in India by aligning the brand closer to its global identity while adapting it to the preferences of today’s consumers. From flagship destinations and refreshed restaurant formats to stronger operational partnerships and experience-led dining, every step has been driven by a long-term vision for sustainable growth and brand relevance in the Indian market,” said Prashant Mukherjee, Director, Bistro Hospitality and Universal Success Enterprises Ltd.

    The launch evening witnessed the presence of distinguished guests, members of the media, and food and lifestyle influencers, celebrating not just the opening of a new restaurant, but the arrival of a vibrant social and dining destination in the heart of Delhi.

    “TGI Fridays currently operates restaurants in Kolkata, Hyderabad, Lucknow, Gurgaon, and now at Connaught Place, with another outlet at Vasant Kunj set to open shortly. This expansion will double the store count from three to six within a span of 12 months. Several additional locations are already being planned, underscoring the brand’s continued expansion and long-term commitment to the Indian market,” said Kuunal Maiti, CEO, Bistro Hospitality Pvt. Ltd.

    Speaking on the North India growth roadmap, Suraj Mahant of Feastary Hospitality LLP said, “When we launched in Gurugram, we had outlined a clear vision for North India. Connaught Place marks another key milestone in that journey. This flagship restaurant further strengthens the brand’s presence in the region while laying the foundation for sustained expansion across important northern markets.”

    The launch further reinforces the partnership between Bistro Hospitality Pvt. Ltd. and Feastary Hospitality LLP, with multiple future openings planned as part of a phased expansion strategy focused on sustainable growth and operational excellence.

    About TGI FRIDAYS®

    Founded in New York City in 1965, TGI Fridays is one of the world’s most recognised casual dining brands, celebrated for its bold American cuisine, handcrafted beverages, and energetic social dining experience. In India, the brand’s expansion is led by Bistro Hospitality Pvt. Ltd. through a structured franchise and partnership-led model that maintains global brand standards while adapting to regional preferences.

    Feastary Hospitality LLP is the exclusive franchise partner for North India and is responsible for driving the brand’s growth and operations across key markets in the region.

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  • Khazanchi Jewellers Delivers Strong EBITDA Growth; Margins Expand by 312 Bps in H2 and 253 Bps in FY26

    Khazanchi Jewellers Delivers Strong EBITDA Growth; Margins Expand by 312 Bps in H2 and 253 Bps in FY26

    Chennai (Tamil Nadu) [India], May 26: Khazanchi Jewellers Limited (BSE: 543953), one of the leading Indian jewellery companies specializing in gold, diamonds, precious stones, and bullion items, has announced its unaudited Financial Results for H2 FY26 & FY26.

    Key Financial Highlights

    FY26 Financial Highlights

    • Total Revenue of ₹ 2,051.02 Cr, YoY growth of 15.71%
    • EBITDA of ₹ 126.99 Cr, YoY growth of 95.69%
    • EBITDA Margin of 6.19%, YoY expansion of 253 Bps
    • PAT of ₹ 89.42 Cr, YoY growth of 98.87%
    • PAT Margin of 4.36%, YoY expansion of 182 Bps
    • EPS of ₹ 36.10, YoY growth of 98.57%

    H2 FY26 Financial Highlights

    • Total Revenue of ₹ 1,098.26 Cr, YoY growth of 8.10%
    • EBITDA of ₹ 73.21 Cr, YoY growth of 102.79%
    • EBITDA Margin of 6.67%, YoY expansion of 312 Bps
    • PAT of ₹ 50.72 Cr, YoY growth of 103.60%
    • PAT Margin of 4.62%, YoY expansion of 217 Bps
    • EPS of ₹ 20.46, YoY growth of 103.18%

    Results Analysis

    “FY26 has been a defining year for us, where scale, execution, and strategic investments have started reflecting more meaningfully in our financial performance. The second half of the year, in particular, saw strong traction driven by festive and wedding demand, improved product mix, and better operating leverage.

    Over the year, we have focused on building a more resilient and value-driven business by maintaining disciplined control over inventory and costs, while continuing to scale both our wholesale and retail segments. Our wholesale business remains a strong foundation, delivering consistent volume-led growth. At the same time, our B2C operations are gaining momentum with a strengthened presence and increasing contribution to the overall business mix. The growing contributions of B2C business coupled with better realizations, has further supported margin expansion and improved profitability during the year.

    As we move forward, our focus will remain on scaling our retail footprint, deepening our design-led offerings, and driving efficiency across the value chain, enabling us to deliver sustainable and profitable growth.”

    Key Operational Highlights

    Flagship Showroom Launch During H2 FY26, the company launched the 10,000 sq. ft. flagship showroom in Chennai, strengthening the retail presence. 

    About Khazanchi Jewellers Limited

    Khazanchi Jewellers, with over five decades of experience and located in Tamil Nadu, holds a significant position in the Indian jewellery sector. The company serves as a pivotal player in both wholesale and retail markets, specializing in a wide array of jewellery products. Offerings range from gold, diamonds, and precious stones to exquisite fancy jewellery, encompassing sought-after bullion items like coins and bars. Their business model involves raw material procurement, manufacturing and designing, the placement of products, and sales to end customers.

    In FY26, the company reported Total Revenue of ₹ 2,051.02 Cr, EBITDA of ₹ 126.99 Cr, and PAT of ₹ 89.42 Cr.

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  • Steel Exchange India Limited Delivers Strong Q4 FY26 Performance with Net Profit Surging ~443% QoQ to ~Rs 12 Cr

    Steel Exchange India Limited Delivers Strong Q4 FY26 Performance with Net Profit Surging ~443% QoQ to ~Rs 12 Cr

    Visakhapatnam (Andhra Pradesh) [India], May 26: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has reported its Audited financials for Q4 FY26 & FY26. 

    Q4 FY26 Standalone Key Financial Highlights*

    • Total Income of ₹287.70 Cr, QoQ growth of 19.45%
    • EBITDA of ₹0.10 Cr, QoQ growth of 118.12%
    • EBITDA Margin of 17.41%, QoQ growth of 788 Bps
    • Net Profit of ₹ 12.37 Cr, QoQ growth of 442.80%
    • Net Profit Margin of 4.30%, QoQ growth of 335 Bps

    *Q3 FY26 Unaudited Figures

    FY26 Standalone Key Financial Highlights

    • Total Income of ₹ 1,066.42 Cr
    • EBITDA of ₹ 138.03 Cr
    • EBITDA Margin of 12.94%
    • Net Profit of ₹ 26.99 Cr
    • Net Profit Margin of 2.53%

    Strengthening Leadership & Strategic Oversight:

    • Board Strengthening: Mr. Anirudh Misra appointed as Additional Non-Executive & Non-Independent Director (subject to shareholder approval), a seasoned industry leader with extensive experience in metals, mining, and global commodities trade. As the Founder of IMR Group, he has built a globally recognized commodities trading and mining enterprise, driving international expansion, strategic growth, and large-scale business transformation across markets, bringing a strong global perspective and strategic depth to the Company.
    • Leadership Enhancement: Appointment of Mr. Vankina Sri Rakesh as Chief Financial Officer (CFO) and Key Managerial Personnel, a seasoned finance professional with over four decades of experience, strengthening financial strategy and governance framework.
    • Strengthened Financial Oversight: Mr. Suresh Kumar Bandi, Whole-Time Director designated as Joint Managing Director & Director, has been assigned additional responsibility for the finance function of the Company and will serve as “Whole-Time Director designated as Joint Managing Director & Director – Finance,” reinforcing leadership bandwidth and enhancing focus on financial discipline and capital management.

    Commenting on the financial performance, the management of Steel Exchange India Limited said: “FY26 was an important year for Steel Exchange India Limited as we continued to strengthen our operational capabilities, improve financial flexibility, and build a stronger platform for long-term growth. During the year, we remained focused on improving efficiencies, optimizing product mix, and strengthening profitability across the business. We also made significant progress towards balance sheet strengthening through capital infusion, debt reduction, and improvement in our credit profile, which further enhances our growth potential going forward. 

    At the same time, our planned expansion into specialty and green steel, along with logistics infrastructure development, reflects our long-term vision to strengthen our integrated steel platform and capture emerging opportunities across the sector. Going forward, we remain focused on disciplined execution, operational excellence, and sustainable growth.”

    Recent Key Business Highlights

    MES Approval Renewal

    • Secured 5-year renewal of MES approval under the Ministry of Defence for TMT bar supplies.
    • Reinforces eligibility for government and defence infrastructure projects.
    • Strengthens presence in high-entry-barrier institutional infrastructure segments.

    Capital Infusion and Strengthening

    • Investment from India Coke and Power Private Limited and IMR Steel Private Limited
    • (IMR Group) and other Investors
    • Received ₹85 crore upfront via allotment of convertible warrants
    • As Part of the ₹350 crore preferential issue approved by the Board
    • 2.83 Cr existing warrants converted into equity shares post receipt of ~₹29.92 Cr

    Debt Reduction 

    • Redeemed ₹43.19 crore towards NCDs in a single tranche (~13% of total debt)
    • Follows ₹24.97 crore repayment over last two quarters, taking total reduction to ~₹68.16 crore
    • Repaid over 20% of long-term debt since October 2025, marking progress towards becoming debt-free in the near future

    About Steel Exchange India Limited

    Steel Exchange India Limited (SEIL), part of the Vizag Profiles Group, is a leading manufacturer of TMT rebars under the brand ‘SIMHADRI TMT’. Founded in 1999, the Company has grown from a steel trading and online platform into one of the most trusted integrated steel manufacturers in Andhra Pradesh and Telangana.

    SEIL operates an Integrated Steel Plant & Power Unit in Vizianagaram Dist, Near Visakhapatnam.  These facilities house sponge iron, billet, rolling mill, and power generation capacities, enabling complete backward and forward integration for long steel production.

    With a strong brand presence and supply track record to the Armed Forces and critical infrastructure projects, SEIL is known for quality and reliability. In line with the ‘Atmanirbhar Bharat’ vision, the Company is diversifying into specialty steels under the PLI scheme to support import substitution and expand its value-added offerings.

    For FY26, the company has reported Total Income of ₹1,066.42 Cr, EBITDA of ₹138.03 Cr, and Net Profit of ₹26.99 Cr.

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  • SEPC Limited Posts Stellar FY26 Results with Over 2x Jump in Net Profit and 68% Income Growth

    SEPC Limited Posts Stellar FY26 Results with Over 2x Jump in Net Profit and 68% Income Growth

    Chennai (Tamil Nadu) [India], May 26: SEPC Limited (NSE: SEPC | BSE: 532945), a leading EPC player with strong execution capabilities across water & wastewater, infrastructure, and industrial segments, announced its unaudited financial results for Q4 and FY26, marking a year of robust operational progress.

     Key Financial Highlights

    Q4 FY26 Consolidated Key Financial Highlights
     • Total Income of ₹ 288.95 Cr, YoY growth of 129.12%
     • EBITDA of ₹ 25.32 Cr, YoY growth of 7.30%
     • Net Profit of ₹ 13.73 Cr, YoY growth of 37.00%
     • Net Profit Margin of 4.75%, YoY decline of 320 Bps
     • Diluted EPS of ₹ 0.07, YoY growth of 16.67%

    FY26 Consolidated Key Financial Highlights
     • Total Income of ₹ 1,085.84 Cr, YoY growth of 68.08%
     • EBITDA of ₹ 108.92 Cr, YoY growth of 10.09%
     • Net Profit of ₹ 53.54 Cr, YoY growth of 115.53%
     • Net Profit Margin of 4.93%, YoY growth of 109 Bps
     • Diluted EPS of ₹ 0.30, YoY growth of 87.50%

    Commenting on the performance Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, said: FY26 has been a defining year for SEPC, marked by strong execution, disciplined delivery, and a clear strategic focus on scaling high-value opportunities. The robust growth in total income and the more than doubling of net profit reflect the strength of our operating model and our ability to consistently deliver across complex infrastructure projects.

    During the year, we have made meaningful progress in diversifying our project portfolio across water and wastewater management, industrial infrastructure, and mining, while also strengthening our presence in both domestic and international markets. Our strategic acquisition initiatives further enhance our technical capabilities and expand our global footprint, positioning us to capture larger and more complex opportunities.

    We continue to benefit from a favourable industry environment, supported by increased government spending on infrastructure, rising investments in water management, and a strong push towards sustainable development. This provides a multi-year visibility for growth, particularly in EPC segments where execution capability and scale are critical differentiators.

    Our focus remains on improving project execution efficiency, optimizing cost structures, and selectively bidding for projects with better margin profiles. At the same time, we are strengthening our order book quality, which will support sustainable revenue growth and margin expansion going forward.

    With a healthy pipeline, improved operational discipline, and a diversified business mix, we are confident of maintaining this growth momentum. SEPC is well-positioned to capitalize on emerging opportunities and deliver consistent value to all stakeholders in the years ahead.”

    Key Business Highlights

    Robust Order Book of Around 10,000 Crore with Record FY26 Order Inflows Driving Scale Expansion and Establishing a Strong, Visible Multi-Year Revenue Pipeline to Support the Next Phase of Growth.
    Strategic Acquisition of 90% Stake in Avenir International Engineers and Consultants LLC.

    About SEPC Limited

    SEPC Limited (formerly Shriram EPC Limited) is a well-established EPC company offering turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors. The company specializes in the design, procurement, construction, and commissioning of large and complex infrastructure projects across India.

    SEPC serves a wide range of clients, including Central and State Government agencies, and continues to play a key role in India’s infrastructure development.

    In FY26, the Company delivered Total Income of ₹1,085.8 Cr, EBITDA of ₹108.9 Cr, and Net Profit of ₹53.5 Cr, against Total Income of ₹646.0 Cr in FY25, with Net Profit more than doubling over the previous year.

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