Tag: Business

  • Patel Retail Strengthens MMR Presence; Launches 48th Store in Mumbai Suburb

    Patel Retail Strengthens MMR Presence; Launches 48th Store in Mumbai Suburb

    Mumbai (Maharashtra) [India], December 2: Patel Retail Limited (BSE: 544487 | NSE: PATELRMART), a diversified retail and integrated food processing company, has announced the launch of its 48th Patel’s R Mart store located at Survey No. 33/1/B, Near Himalaya CHS Building, Lodha Heaven, Nilje Station Road, Nilje, Dombivali.

    Continuing its expansion across the Mumbai Metropolitan Region (MMR), the company is steadily expanding its footprint to serve high-density, fast-developing residential clusters with quality essentials, groceries, daily-need products, and household items at accessible price points. With each new outlet, the company reinforces its commitment to strengthening organised retail accessibility and enhancing customer convenience across suburban and emerging urban markets.

    This new store marks another step forward in the company’s growth strategy, supported by strong backward integration in sourcing, packaging, and logistics, enabling operational efficiency and consistent service as the retail network expands.

    Commenting on the development, Mr Dhanji Patel, Chairman & Managing Director of Patel Retail Limited, said: “The opening of our 48th store highlights our sustained growth momentum and our vision to bring organised retail closer to every household. Dombivali East is an important residential hub, and this launch strengthens our connection with the community by offering essential products at great value. We remain committed to expanding within the Mumbai region while continuously improving customer experience, store productivity, and overall value creation.”

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  • Shri Keshav Cements & Infra Completes Expansion Plan; Capacity Reaches 1 Million TPA

    Shri Keshav Cements & Infra Completes Expansion Plan; Capacity Reaches 1 Million TPA

    Mumbai (Maharashtra) [India], December 2: Shri Keshav Cement & Infra Limited (BSE – 530977), engaged in the manufacturing of Cement and Solar Power Generation and Distribution in the state of Karnataka, has announced the successful completion of its major expansion project, enhancing its total cement production capacity to 1 million TPA. The Company has officially commenced commercial operations at the expanded facility, effective 29 November 2025.

    This expansion marks a significant milestone in the Company’s long-term growth strategy. It strengthens its ability to meet the rising demand for cement across North Karnataka, Coastal Karnataka, Goa, Maharashtra and other neighbouring regions.

    The increase in capacity positions the Company to scale its market presence, serve larger institutional and retail customers, and support the strong demand coming from infrastructure development, housing, and commercial construction.

    Commenting on the financial performance, Mr Venkatesh Katwa, Chairman of Shri Keshav Cement & Infra Limited, said, “The completion of our expansion to 1 million TPA is an important achievement for the Company. This milestone enhances our production capacity and positions us to better address growing regional demand. We remain committed to delivering high-quality cement to our customers while strengthening our operational scale and market reach.”

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  • Kinetiq Rrobotics Concludes a Successful Showcase at Clean India Show 2025 — A Strong Market Debut Backed by Star Engineers’ 37-Year Legacy

    Kinetiq Rrobotics Concludes a Successful Showcase at Clean India Show 2025 — A Strong Market Debut Backed by Star Engineers’ 37-Year Legacy

    Mumbai (Maharashtra) [India], December 2:  Kinetiq Rrobotics, India’s newest innovator in AI-powered autonomous cleaning, delivery and greeting robots, has successfully completed its showcase at the Clean India Show 2025, held at the Bombay Exhibition Centre, Mumbai. Exhibiting at Stall No. K60, Kinetiq Rrobotics marked its official introduction to the industry and the beginning of its commercial rollout across India.

    The exhibition generated tremendous interest from facility management companies, hospital chains, hotel groups, industrial parks, logistics hubs, airports and corporate campuses, signalling strong market readiness for intelligent service automation.

    Launch Rooted in Engineering Legacy

    Kinetiq Rrobotics is empowered by Star Engineers India Pvt. Ltd., a company with 37 years of proven leadership in automotive electronics and embedded engineering.

    This heritage played a central role in building immediate industry trust and confidence in the new robotics brand.

    Rrobotics Solutions Demonstrated at the Event

    Throughout the three-day event, visitors experienced live demos of:

    • Autonomous Cleaning Robots for large public and commercial infrastructures
    • Indoor Delivery Robots for secure and contactless logistics movement
    • Greeting Robots for receptions, information desks and guest experience

    The practicality of the robots — including AI navigation, LiDAR mapping, multi-sensor safety, automatic docking and long battery runtime — resonated strongly with exhibition attendees.

    Leadership Insights

    Sharing their thoughts on the successful debut, the leadership expressed:

    Mr. Kishorilal Ramraika, Chairman of Star Engineers, stated:

    “Star Engineers has always believed in building the future. With Kinetiq Robotics, we are proud to extend our engineering legacy into the robotics and automation space, enabling businesses to become more productive and people-centric.”

    Mr. Divya Ramraika, Managing Director of Star Engineers, added:

    “The response we received validates that India is ready for practical and scalable service robotics. The industry is not just looking for technology — it is looking for reliability, support and long-term partnerships, and that is exactly what we are bringing.”

    Mr. Anil Sathe, Chief Growth Officer at Kinetiq Rrobotics, commented:

    “This event marks the beginning of our commercial journey. With the interest received across multiple sectors, we are now engaging with customers for pilots, site assessments and deployment planning nationwide.”

    Next Steps Following the Exhibition

    Post-event follow-ups have been initiated with multiple establishments across:

    • Facility management
    • Healthcare & hospitals
    • Hospitality & hotel chains
    • Manufacturing & industrial campuses
    • Large commercial and public infrastructure

    Product demonstrations and robotics trial deployments will be scheduled across India in the coming weeks.

    About Kinetiq Rrobotics

    Kinetiq Rrobotics builds autonomous robots for cleaning, delivery and guest engagement, transforming how enterprises manage operations and customer experience. Powered by the 37-year legacy of Star Engineers, Kinetiq Rrobotics integrates AI, embedded electronics and advanced navigation to deliver scalable, reliable and human-friendly automation.

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  • Fanly Entertainment Gets a Glittering Launch by Sivakarthikeyan & Other Celebrities

    Fanly Entertainment Gets a Glittering Launch by Sivakarthikeyan & Other Celebrities

    New Delhi [India], December 2: Fanly Pvt Ltd’s revolutionary new entertainment platform Fanly Entertainment was launched with a glittering event at Chennai by Mr Sivakarthikeyan – Indian Actor & Producer, Padma Bhushan Mr Pullela Gopichand – Chief National Coach of Indian Badminton, Mr Gukesh – World Chess Champion & Major Dhyan Chand Khel Ratna awardee and Mr. Manikandan Thangarathnam – Senior Director of Engineering, Uber, together with Fanly co-founders Saravanan Kanagaraju and Srinivasan Babu.

    Fanly is a first-of-its-kind, consolidated fan engagement App that revolutionises the way stars and their fans interact. Fanly entertainment brings together top stars and passionate fans in one dynamic, interactive space. In today’s world, where chaotic feeds, fake news, fake IDs and more float in the digital space, Fanly aims to provide a safe space where fans can celebrate emotions without exploitation.

    We are pleased to onboard our beloved Star Sivakarthikeyan formally, and there are many more to come. Fans can download Fanly from the App Store or the Play Store.

    Founders say, “Cinema is one of the hottest and most demanded forms of entertainment in India, and yet there isn’t much digital space that truly connects the community until now. With Fanly, fans get unprecedented access to the industry and its stars, while empowering stars to grow their personal fanbases. Whether you are a national star, a regional star, or just someone who loves the industry, Fanly’s entertainment platform is your new home and set to take fan engagement to a new level.

    At the launch, Mr Sivakarthikeyan said, “I think of my fans as my family, and the name Fanly is synonymous with family. I think this will create a very positive environment for friendly interaction. Today, many apps use negativity for traction, so I am happy they have come up with an app for positive engagement.”

    Fanly Entertainment brings together top stars and passionate fans in one dynamic, interactive space. In today’s world, where chaotic feeds, fake news, fake IDs and more float in the digital space, this is the way forward.

    Mr Gukesh Dommaraju, World Chess Champion, says, “I feel Fanly will be a new kind of social media free from negativity and the bombardment of information.”

    Padma Bhushan Mr Pullela Gopichand, Chief National Coach of Indian Badminton, said, “What Role models would be sharing on Fanly would be invaluable to kids and help them dream that they could be like them.”

    Mr.Saravanan Kanagaraju, Co-founder, Fanly says. “No one celebrates fandom as we Indians do. Fanly gives fans unfiltered information directly from stars and celebrities. It also uses AI to remove negativity.”

    Mr Manikandan Thangarathnam, Senior Director of Engineering, Uber, says,” Fanly is a platform that brings together fans and celebrities. Fans get to learn from them, interact, and express themselves. Imagine the happiness when a fan shares an idea and the celebrity responds.”

    What Sets Fanly Apart:

    • Direct Fan Engagement: Stars will share exclusive content, send personalized updates, and host private fan events.
    • Fan Empowerment: Fans gain access to fan clubs, personalized shoutouts, exclusive merchandise, and earn rewards for positive behaviour.
    • AI-Driven Safety: The Senti’meter, Fanly’s proprietary AI tool, promotes a respectful community by moderating content without restricting constructive feedback/criticism, while rewarding positivity.
    • Community Media: Safe, curated space where celebrities and fans build meaningful, interactive relationships beyond the noise of traditional social platforms.
    • Robust Technology: Cloud-native, scalable, and seamlessly integrated — Fanly is built for the future of entertainment.

    Fans and stars enjoy direct Fan Engagement. Fans will gain access to exclusive content and fan clubs, personalised updates, exclusive merchandise and also host private fan events and earn rewards for positive behaviour.

    Link to App store: https://apps.apple.com/in/app/fanly/id6532619926

    Link to Google store: https://play.google.com/store/apps/details?id=com.fanly
    Website: https://fanly.social/

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  • From C Prompt to CPrompt 2.0: Powering Tomorrow with Purpose

    From C Prompt to CPrompt 2.0: Powering Tomorrow with Purpose

    Hyderabad (Telangana) [India], December 2: When C Prompt Solutions began its journey in 2001, its mission was clear and powerful: to make technology accessible, affordable, and sustainable for every business—no matter how small or new. Over the last two decades, this commitment has empowered startups, MSMEs, and large corporations to embrace modern technology without the burden of ownership.

    Today, after 24 years of trusted service and innovation, the company embarks on its next evolution — CPrompt 2.0, a transformative chapter redefining how India experiences IT infrastructure and technology leasing.

    Leadership at the Helm

    At the heart of CPrompt 2.0 is a leadership team that seamlessly blends experience, innovation, and strategic foresight.

    Mr. K. K. Baldwa – Managing Director

    The visionary who laid the foundation for making IT rentals accessible across industries. His enduring focus on inclusivity and innovation continues to shape the company’s culture of service excellence.

    Mr. Aditya Baldwa – Managing Director & CFO

    A new-generation leader driving financial agility and operational precision at CPrompt. His customer-first financial models and focus on sustainable growth ensure long-term value creation.

    Mr. Vishal Makhija – Chief Executive Officer (CEO)

    The driving force behind CPrompt 2.0’s strategic execution and expansion, he ensures that every client—from startups to global enterprises—experiences technology as a seamless enabler of success.

    Together, they represent the past, present, and future of C Prompt Solutions—a legacy built on trust, innovation, and leadership spanning more than two decades.

    Our Mission: Empower Businesses, Enable Growth

    C Prompt Solutions was founded to eliminate financial and technological barriers that hold businesses back from achieving their true potential.

    Whether it’s a student lab, a growing startup, or a multinational enterprise, CPrompt ensures that technology remains a launchpad—not a limitation.

    “We started with the belief that no business should be constrained by the cost of technology,” says Mr. K. K. Baldwa, Managing Director. “CPrompt 2.0 strengthens that belief—with smarter, greener, and more people-friendly solutions.”

    Our Vision: Building India’s Most Trusted Tech Ecosystem

    As India advances toward global digital leadership, CPrompt 2.0 envisions becoming the nation’s most reliable technology partner, delivering seamless IT access for organizations of every size.

    “Technology today forms the backbone of progress,” notes Mr. Vishal Makhija, CEO. “Our vision is to ensure that every professional and enterprise can access world-class infrastructure—without the burden of ownership.”

    The Journey So Far

    In 2019, a young founder in Bengaluru faced a dilemma—should she spend lakhs on laptops before hiring her first team? Instead, she opted for CPrompt’s flexible leasing plan. Today, her company employs over 200 people, and CPrompt has been her trusted partner throughout the journey.

    Stories like hers inspired CPrompt 2.0—a forward-looking evolution designed to serve India’s fast-changing business landscape.

    What’s New in CPrompt 2.0

    • Same-Day Delivery: A technology-enabled service ensuring devices are delivered and deployed within hours.
    • Green Choices: Through refurbishing and recycling, CPrompt extends device lifespans and reduces e-waste.
    • Flexibility for Everyone: From freelancers to Fortune 500s, there’s a CPrompt plan to fit every scale and budget.
    • Full Lifecycle Management: Zero downtime, proactive maintenance, and real-time tracking for every device.
    • Secure Data Handling: Certified data wiping and compliance-driven processes at every stage.

    A Message to Our Customers

    “We are not just providing devices,” says Mr. Aditya Baldwa, Managing Director & CFO. “We are providing freedom—freedom from capital expenditure, from technological limitations, and from wasteful ownership. With CPrompt 2.0, every rupee invested in technology now translates into measurable business value.”

    Looking Ahead

    As India’s digital revolution accelerates, CPrompt 2.0 stands ready to power that progress. The company envisions a future where technology is accessible, sustainable, and seamlessly aligned with every business goal.

    “From startups in Hyderabad to enterprises in Gurugram, we want every client to feel empowered, supported, and inspired,” concludes Mr. Vishal Makhija, CEO. “At CPrompt, we don’t just deliver technology—we deliver confidence, reliability, and vision.

    CPrompt 2.0 isn’t just a milestone—it’s a mission.

    A promise to every business that says: Dream fearlessly. Grow sustainably. Lead confidently. Because we’ve got your tech covered.

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  • Cogniv Technologies and Nunnari Labs Announce Strategic Collaboration to Deliver AI-Powered Cloud Solutions for Enterprises

    Cogniv Technologies and Nunnari Labs Announce Strategic Collaboration to Deliver AI-Powered Cloud Solutions for Enterprises

    Partnership combines Cogniv’s cloud and managed services expertise with Nunnari’s AI-first product engineering capabilities to accelerate digital transformation.

    Coimbatore (Tamil Nadu) [India], December 2: Coimbatore-based Cogniv Technologies and Nunnari Labs today jointly announced a strategic collaboration to co-create and deliver enterprise-grade AI solutions built on secure, scalable cloud infrastructure.

    The partnership will focus on bridging a critical gap many organizations face today – turning AI experimentation into operational reality. Together, the two firms will deliver a unified framework that makes it easier for businesses to design, deploy, and manage AI solutions that perform at scale.

    How Businesses Benefit from This Collaboration?

    As AI moves from experimentation to enterprise use, many businesses struggle to scale models securely, cost-effectively within existing systems. The collaboration between Cogniv Technologies and Nunnari Labs bridges this gap – combining Nunnari’s AI research and product engineering with Cogniv’s cloud, DevOps, and managed services expertise. Together, they provide a practical path to operationalizing AI at scale.

    For businesses, this means dependable, scalable AI that integrates seamlessly with cloud environments while meeting the highest standards of security, transparency, and sustainability. Beyond faster deployment, the partnership ensures real-world performance and measurable business outcomes.

    How the Collaboration Works?

    Through this partnership, both companies will jointly design and deploy solution accelerators across sectors such as manufacturing, healthcare, retail, and logistics. Clients will benefit from integrated offerings that combine AI model development, cloud architecture, edge deployment, and ongoing managed services under one unified framework.

    “Our partnership with Nunnari Labs is a strategic leap towards turning innovative AI concepts into real enterprise impact. Cogniv’s cloud and data expertise, combined with Nunnari’s cutting-edge AI engineering, will empower clients to scale AI solutions seamlessly. This is about transforming experimentation into execution and delivering future-ready AI Solution for business growth.”, said Jaswanth Vijay, CEO, Cogniv Technologies.

    Nunnari Labs’ core focuses on inclusive AI aligned with global standards like OECD.AI and NIST, adding a strong ethical dimension to the collaboration. Together, the two companies will help enterprises modernize infrastructure, automate operations, and embed intelligence into business processes without compromising on data security, transparency, or performance.

    “At Nunnari Labs, our goal has always been to make advanced AI accessible, enterprise-ready, and responsible. Partnering with Cogniv Technologies is a natural extension of that mission. Cogniv’s strength in cloud transformation perfectly complements our AI engineering expertise, allowing us to create solutions that are both scalable and impactful. Together, we’re building a future-ready ecosystem where cloud and AI converge to deliver real value for enterprises,” said Navaneeth Malingan, Founder & CEO, Nunnari Labs.

    The timing of this collaboration reflects a broader market shift. As enterprises increasingly adopt GenAI, automation, and data-driven decision frameworks, the need for dependable infrastructure and ethical AI design has never been greater. Both companies plan to launch joint solution frameworks and proof-of-concept projects in early 2026, followed by client onboarding and industry-specific AI accelerators blending innovation with accountability.

    About Cogniv Technologies

    Cogniv Technologies is an Advanced Tier Partner, recognized for its DevOps Competency and SDPs with deep expertise in cloud and data solutions, Team specializes in delivering DevOps Services helping businesses modernize their IT infrastructure so they can scale faster and stay reliable 24/7. They focus on solutions that simplify and accelerate the cloud transformation journey. Discover more about our services at www.cognivtech.com.

    About Nunnari Labs

    Nunnari Labs is an AI-first R&D and product engineering company dedicated to creating intelligent, sustainable, and human-centric technology solutions. With expertise spanning AI/ML, computer vision, MLOps, and intelligent industrial automation, the company works with global enterprises and research partners to turn advanced AI concepts into scalable business products. Learn more at www.nunnarilabs.com.

    MEDIA CONTACTS:

    Mr. Shashikant Pushpakar

    shashikant.pushpakar@avadhesh.co, +91 7993990603

    Dr. Nita Samantaray

    nita.samantaray@avadhesh.co, +91 7863011153

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  • Signoria Creation Limited Announces Acquisition of 60 Percent Stake in Herble Prints Private Limited

    Signoria Creation Limited Announces Acquisition of 60 Percent Stake in Herble Prints Private Limited

    Mumbai (Maharashtra) [India], December 2: Signoria Creation Limited (the “Company”) informs the market that its Board of Directors, at a meeting held on Monday, 1 December 2025 at the Company’s registered office, approved the acquisition of a 60 % equity interest in Herble Prints Private Limited.

    Key Details of the Transaction

    – Stake Acquired: 60 % of the total issued and paid‑up equity share capital of Herble Prints Private Limited.

    About Signoria Creation Limited:

    Signoria Creation Limited is a is one of the leading manufacturer and marketer of women’s apparel, operating under the brand name “Signoria. “The company offers a diverse range of women’s clothing, including Kurtis, pants, tops, Co-ord Sets, dupattas, and Gowns, known for their traditional designs with a touch of contemporary style. Signoria caters to women seeking comfortable, stylish, and trendy clothing options, appealing to those who want to make a statement and stand out from the crowd. With a passion for growth, Signoria aims to expand its operations on a PAN India basis, leveraging e-commerce trends and government support to reach a wider audience. The company recently expanded its product portfolio by introducing Co-ord Sets for women, reflecting its commitment to innovation and meeting evolving market demands. The company operates two manufacturing units in Jaipur, Rajasthan, equipped with advanced technology to meet production demands and uphold quality standards.Marking a significant milestone, Signoria Limited was listed on the NSE Emerge platform in March 2024, reinforcing its commitment to growth and excellence in the Apparel industry.

    Disclaimer: This is a press release for informational purposes only and should not be considered a substitute for professional advice or decision-making. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified advisor before making any decisions.

  • From Exploration to Data: Modernizing the Artisanal Mining Sector in Rural Tanzania

    From Exploration to Data: Modernizing the Artisanal Mining Sector in Rural Tanzania

    Tanzania [Africa], December 1: Operating in rural Tanzania’s artisanal mining sector presents inevitable challenges: infrastructure is often limited, remote terrain complicates logistics, formal licensing or regulatory compliance may be weak, and small-scale miners may not have easy access to capital for equipment upgrades or exploration tools. Reddy’s model acknowledges these realities; his equipment suggestions lean towards scalable, affordable options, and his training emphasises low-cost, high-impact practices.

    Venkat Ashok Kumar Reddy has been working directly with local artisanal miners in rural regions of Tanzania. His consultancy focuses on empowering these miners with modern tools and practices ranging from data-driven exploration to technical skills in mining base metals and precious gemstones, as well as the appropriate selection of mining equipment suited to various terrains.

    Reddy has introduced exploration workflows into communities of small-scale miners, which historically relied on visual inspection and local “luck” rather than systematic methods. By helping them collect and interpret soil and rock samples, generate simple maps of promising mineral zones, and overlay these with terrain and geology observations, he is bridging the gap between large-scale mining practice and grassroots mining. The result: miners can focus their efforts where the data suggest higher potential, reducing wasted effort and lowering the costs of blind excavation.

    Beyond exploration, Reddy provides training in the technical skills needed to extract base metals (e.g., copper, zinc) and precious or semi-precious metals. In practical workshops, miners learn how to safely stabilise mine tunnels in narrow metal-bearing veins, apply proper rock-splitting and trenching techniques, and handle recovery in a manner that preserves value (rather than simply blasting everything). He also teaches ore sorting basics, mineral identification for base metals, and methods for dealing with varying deposit types (weathered versus fresh rock, alluvial gravels versus hard-rock veins).

    One of the distinguishing features of Reddy’s consultancy is the emphasis on matching equipment choice to the mining terrain. In gently sloping alluvial deposits, he recommends compact excavators or skid-steer loaders for cost-effective digging; in rugged hillside gem-vein terrain, he suggests hand-tool augmentation or small portable drills; in hard-rock base-metal ridges, he advises careful selection of rock-breakers, drill rigs and mucking systems appropriate to small-scale operations. His guidance helps miners avoid the twin pitfalls of “over-capitalising” on expensive equipment they cannot sustain or of using underpowered tools that hamper productivity and safety.

    Looking ahead, the prospects for his consultancy model are promising. If it gains traction, the artisanal miners he supports could see reduced wastage, better targeting of mineral zones, increased recovery of higher-value materials, improved safety, and ultimately more substantial local economic benefit. The approach also dovetails with global interest in ethical, traceable supply chains for raw materials if small miners can demonstrate improved practices, they may access better markets and higher value for their output.

    PNN Business

  • KLM Axiva Unveils Thirteenth Secured NCD Public Offering

    KLM Axiva Unveils Thirteenth Secured NCD Public Offering

    Kochi (Kerala) [India], December 2: KLM Axiva Finvest Ltd Launches Thirteenth Public Issue of Secured Redeemable Non-Convertible Debentures Aggregating up to ₹10,000 Lakhs

    KLM Axiva Finvest Ltd has announced its Thirteenth Public Issue of secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,000 each. The base issue size is ₹5,000 lakhs, with an option to retain oversubscription up to ₹5,000 lakhs, aggregating up to ₹10,000 lakhs.

    The public issue will open on December 1st, 2025, and will close on December 12th, 2025, with an option for early closure or extension, subject to necessary approvals.

    This issue offers ten different investment options with tenures ranging from 400 days to 79 months. The effective annual yield for investors ranges from 9.92% to 11.30%, depending on the chosen option. The minimum application size is ₹5,000 (5 NCDs) and thereafter in multiples of ₹1,000.

    Applications can be submitted through the Company’s branches or via the BSE online platform. Investors can also apply for the NCDs through Demat accounts, bank account online banking, and UPI. Application forms are available at all KLM Axiva Finvest branches across PAN India.
    The application form and complete details are also available at the Company website: https://klmaxiva.com/ncd.

    Utilisation of Proceeds:
    The funds raised through this issue will be utilised for onward lending and financing, and for the repayment/prepayment of principal and interest on existing borrowings, as detailed in the Prospectus.

    Investor Notice:
    Investors are advised to make investment decisions solely based on the disclosures contained in the Prospectus dated November 13th, 2025. For detailed risk factors, please refer to the section titled “Risk Factors” beginning on page 18 of the Prospectus.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investments involve risk, and past performance is not indicative of future results. Readers should conduct their own research or consult a qualified financial advisor before making any investment decisions.

  • RatnaVeer Precision Engineering Limited Announces Qualified Institutional Placement (QIP) – Deal Launch

    RatnaVeer Precision Engineering Limited Announces Qualified Institutional Placement (QIP) – Deal Launch

    Mumbai (Maharashtra) [India], December 2: RatnaVeer Precision Engineering Limited (NSE: RATNAVEER | BSE: 543978 | Bloomberg: RATNAVEE IN) today announced the launch of a Qualified Institutional Placement (QIP) in accordance with SEBI ICDR Regulations.

    Key Terms of the Issue
    – Issuer: RatnaVeer Precision Engineering Limited
    – ISIN: INE05CZ01011
    – Issue Type: QIP (100 % Primary)
    – Shares Offered: Equity shares of face value INR 10 each
    – Indicative Issue Size: Up to INR 2,110 million (≈ US$ 23.51 million) – comprising a Base Deal of up to INR 1,500 million (≈ US$ 16.71 million) and a Green‑shoe option of up to an additional INR 610 million (≈ US$ 6.80 million)
    – Exchange Rate: US $1 = INR 89.7436 (RBI, December 1, 2025)
    – Last Closing Price: INR 158.30 per share on NSE (December 1, 2025)
    – SEBI Floor Price: INR 152.46 per share
    – Indicative Issue Price: INR 145.00 per share (Cut‑Off Price) – representing an 8.40 % discount to the closing price and a 4.89 % discount to the floor price

    Use of Proceeds
    1. Funding the Company’s working‑capital requirements.
    2. General corporate purposes.

    Lock‑Up – 90 days, subject to certain exceptions as outlined in the Placement Document.

    Lead Manager: Systematix Corporate Services Limited

    Exchange Venues: BSE Limited and National Stock Exchange of India Limited

    Indicative Timeline
    – Book Opening / Receipt of Expression of Interest (EOI): Monday, December 1, 2025
    – Close of EOI Receipt: Tuesday, December 2, 2025 (09:00 IST)
    – Application Forms & Pay‑In: Thursday, December 4, 2025 (14:00 IST)
    – Pricing / Issuance of CANs: On or around Thursday, December 4, 2025
    – Credit of Shares (Settlement Date): On or around Monday, December 8, 2025
    – Listing & Trading Commences: On or before Wednesday, December 10, 2025

    The above timelines are indicative and may be subject to early closure of the transaction. This announcement is for informational purposes only and does not constitute a solicitation of any bid from any investor.

    About RatnaVeer Precision Engineering Limited
    RatnaVeer Precision Engineering Limited is a leading provider of precision‑engineered components for the automotive, aerospace, and industrial sectors, with a strong focus on quality and innovation.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.