Tag: Business

  • Patil Automation Post Robust H1 Performance; PAT grows 23 percent

    Patil Automation Post Robust H1 Performance; PAT grows 23 percent

    Pune (Maharashtra) [India], November 13: Patil Automation Limited (NSE: PATILAUTOM | INE17GV01016), a comprehensive industrial automation solutions provider catering to both automotive and non-automotive sectors, has announced strong financial performance for the fiscal first-half ended September 30, 2025. The Pune-based company reported 23% increase in net profit to Rs 7.53 crore, while total income grew 21.6% to Rs 73.55 crore.

    H1 Key Financial Highlights

    • Total Income of ₹ 73.55 Cr, YoY growth of 21.60%

    • EBITDA of ₹ 12.96 Cr, YoY growth of 24.29%

    • EBITDA Margin (%) of 17.62%, YoY growth of 38 Bps

    • Net Profit of ₹ 7.53 Cr, YoY growth of 22.97%

    • Net Profit Margin (%) of 10.23%, YoY growth of 11 Bps

    • EPS of ₹ 4.27, YoY growth of 5.54%

    Recent Key Business Highlights

    Continued Order Momentum • Secures fresh corporate orders worth ₹30.13 crore, taking total order book beyond ₹140 crore.
    Acquisition • Entities Acquired: Pentaco Automation Pvt. Ltd. and MII Robotics Pvt. Ltd.

    • Stake Acquired: 60% in each company.

    • Completion Date: September 19, 2025.

     

    Commenting on the performance Mr. Manoj Patil, Promoter and Managing Director, Patil Automation Limited said, “The first half of the year has been very encouraging for Patil Automation. The company delivered healthy growth in revenue and profits, supported by strong execution and steady demand across key customer segments. Improved efficiencies and a sharper focus on delivery timelines helped strengthen operating performance, reflecting the growing trust our customers have placed in Patil’s automation solutions.

    Patil Automation continues to scale its business at a steady pace, backed by a strong order book and increasing adoption of automation in manufacturing. The company is confident that the opportunities ahead are significant and is well-positioned to build on this momentum through innovation, new customer wins, and a commitment to quality and performance.”

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  • Maximus International Limited Reports Strong Q2 & H1 FY2025-26 Results; Robust Growth in Profitability and Financial Strength

    Maximus International Limited Reports Strong Q2 & H1 FY2025-26 Results; Robust Growth in Profitability and Financial Strength

    New Delhi [India], November 13: Maximus International Limited, a leading manufacturer and exporter of specialty lubricants and petroleum products, announced its financial results (limitedly reviewed) for the quarter and half year ended 30th September 2025, posting robust growth across revenue, profitability, and key financial metrics.

    Key Consolidated Financial Highlights (INR in Lakhs):

    • Quarter-on-Quarter (QoQ) Performance – September 2025 vs June 2025

    Revenue for the quarter increased 16% to ₹4,584 lakhs from ₹3,952 lakhs in the preceding quarter, driven by higher volumes and improved realizations. EBITDA grew 24% to ₹482 lakhs, supported by operational efficiencies and disciplined cost control.

    Profit Before Tax (PBT) stood at ₹328 lakhs, registering a 32% sequential increase, while Profit After Tax (PAT) rose 20% to ₹279 lakhs. The Interest Service Coverage Ratio improved to 4.74 times, indicating stronger debt servicing capability. The Debt-Equity Ratio remained steady at the level of 0.68, reflecting a healthy capital structure.

    • Year-on-Year (YoY) Comparison – September 2025 vs September 2024

    On a year-on-year basis, revenue expanded 28%, with EBITDA up 25%, driven by sustained cost optimization and scale benefits. PBT and PAT recorded robust growth of 27% and 30%, respectively, underscoring sustained profitability and efficient resource utilization.

    • Half-Yearly (H1 FY2025-26 vs H1 FY2024-25)

    For the half year ended 30th September 2025, total revenue increased 14% to ₹8,536 lakhs from ₹7,506 lakhs in the corresponding period of the previous year. EBITDA improved 19% to ₹869 lakhs, while PAT advanced 20% to ₹512 lakhs, reflecting solid operational performance and financial discipline. The Debt-Equity Ratio remained steady at the level of 0.68, reflecting a healthy capital structure.

    Maximus International Limited (BSE: 540401) is engaged in the manufacturing, trading, and export of specialty lubricants, base oils, and petroleum-based products. The Company caters to industrial and automotive sectors globally and is committed to innovation, quality, and sustainable growth.

  • Cupid Limited Posts Best-Ever Quarterly Performance in Q2 FY26; Reiterates FY26 Topline Guidance Of INR 335 Cr with Upside Potential

    Cupid Limited Posts Best-Ever Quarterly Performance in Q2 FY26; Reiterates FY26 Topline Guidance Of INR 335 Cr with Upside Potential

    Mumbai (Maharashtra) [India], November 13: Cupid Limited (Cupid, The Company), today announced that it has delivered the strongest quarter in its history during Q2 FY26 (quarter ended 30 September 2025).

    Momentum remains strong, with the Company tracking a better run-rate in Q3 & Q4 both of which are shaping up to be a record quarters. Predominantly H2 has always been better than H1 backed by strong order visibility and improving execution.

    Cupid remains on course to achieve its FY26 topline guidance of ₹335 Cr with upward bias, given the positive developments across segments company also expects to deliver a net profit of over ₹100 Cr for the year.

    Key Consolidated Financial Highlights

    Q2 FY26

    • Total Income of ₹ 90.23 Cr, YoY growth of 91%

    • Operating Income of ₹ 84.45 Cr, YoY growth of 103%

    • EBITDA of ₹ 28.41 Cr, YoY growth of 176%

    • EBITDA Margin of 34%, YoY growth of 891 Bps

    • PBT of ₹ 32.19 C, YoY growth of 127%

    • Net Profit of ₹ 24.12 Cr, YoY growth of 140%

    • Net Profit Margin of 29%, YoY growth of 442 Bps

    Q2 FY26 QoQ

    • Total Income of ₹ 90.23 Cr, QoQ growth of 39%

    • Operating Income of ₹ 84.45 Cr, QoQ growth of 41%

    • EBITDA of ₹ 28.41 Cr, QoQ growth of 72%

    • EBITDA Margin of 34%, QoQ growth of 610 Bps

    • PBT of ₹ 32.19 C, QoQ growth of 65%

    • Net Profit of ₹ 24.12 Cr, QoQ growth of 61%

    • Net Profit Margin of 29%, QoQ growth of 348 Bps

    H1 FY26

    • Total Income of ₹ 154.98 Cr, YoY growth of 70%

    • Operating Income of ₹ 144.25 Cr, YoY growth of 79%

    • EBITDA of ₹ 44.89 Cr, YoY growth of 165%

    • EBITDA Margin of 31%, YoY growth of 1012 Bps

    • PBT of ₹ 51.74 Cr, YoY growth of 109%

    • Net Profit of ₹ 39.14 Cr, YoY growth of 114%

    • Net Profit Margin of 27%, YoY growth of 446 Bps

    Note: Percentage figures have been rounded off to the nearest whole number

    Record Quarter Q2 FY26 Highlights

    • Record quarterly performance in revenue and profitability, driven by broad-based strength across India FMCG and B2B exports.

    • Execution discipline supported by capacity de-bottlenecking and procurement strategies that reduced constraints and improved on-time delivery.

    • Healthy order visibility supported by stronger customer relationships and sizable allocations, providing multi-year momentum.

    Segment Updates

    India FMCG Traction & Penetration Rising

    • Portfolio gaining acceptance across key categories: condoms, deodorants, fragrances, pregnancy detection kits, hair-removal sprays, almond hair oil, and petroleum jelly.

    • New launches of facewash and talcum powder are on the anvil.

    • Wider retail reach and improved shelf execution across modern trade, general trade, and e-commerce driving repeat sales and market penetration.

    • Continued investments in brand-building and activation strengthening category awareness and unit economics.

    B2B Exports — “Firing On All Cylinders”

    • Strengthened customer relationships translating into large allocations and order inflows across priority markets.

    • Certification advantages and consistent quality driving higher win rates in tenders and long-term supply programs.

    IVD (In-Vitro Diagnostics) — Certifications To Unlock FY27+ Growth

    • CE certification benefits expected to open new markets across Europe, Africa, and Asia, supporting scale-up Q on Q.

    • WHO PQ for malaria kits targeted in FY27, a potential catalyst for this vertical (subject to approvals).

    Female Condom (Ring FC) — Next-Gen Pipeline

    New Ring Female Condom undergoing UNFPA/WHO prequalification, positioning Cupid to compete more effectively in global procurement programs.

    Capacity & Execution

    • The ongoing capacity expansion, 2.5x the current capacity, will enable the Company, post commissioning of the new plant in FY27, to produce 2.5 condoms for every 1 condom produced today. Additionally, smarter procurement initiatives are reducing bottlenecks and improving line productivity, supporting stronger execution in H2 FY26 and beyond.

    • Supply-chain resilience and disciplined working-capital management supporting growth without compromising quality or service standards.

    Cupid Limited New Palava Plant Facade Design Renders.

    Outlook & Guidance

    • H2 FY26: The second half of FY26 is expected to be stronger than H1, driven by strong order visibility and improving execution.

    • FY26: The Company reiterates its topline guidance of ₹335 Cr, with a potential upside to be reviewed post-Q3. It also expects to deliver Net Profit of over ₹100 Cr for the year.

    • FY27 onwards: Positioned to emerge as a young, fast-maturing FMCG player with growing retail presence across domestic and global markets. Key certification milestones, capacity expansion initiatives, and enhanced distribution reach are expected to drive scale across Wellness, Personal Care, and IVD categories in both B2B and B2C segments.
    Commenting on the performance, Mr. Aditya Kumar Halwasiya, Chairman and Managing Director said, “Q2 FY26 is a milestone for Cupid the strongest quarter in our history and, more importantly, a proof-point that our strategy is working across India FMCG, B2B exports, and Diagnostics. What excites me is the quality of growth: brand acceptance in India, deeper relationships and large allocations in exports and certification tailwinds that expand our addressable markets. With capacity expansion and smarter procurement, we are removing execution bottlenecks and building a durable growth engine. We remain on track for our ₹335 Cr topline in FY26 and will reassess guidance during H2 in light of the constructive developments across our portfolio.”

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  • Sahi Unveils New Brand Film, Urging Traders to Ditch Outdated Tools and Embrace High-Performance Trading

    Sahi Unveils New Brand Film, Urging Traders to Ditch Outdated Tools and Embrace High-Performance Trading

    (L-R) Dale VAZ, CEO SAHI, Reedhi Mukherjee, HEAD OF BRAND SAHI

    New Delhi [India], November 13: Sahi, India’s new-age broker and high-performance trading platform, launched a powerful new brand film inspiring traders to upgrade from outdated technology and embrace a faster, smarter, and more powerful trading experience.

    Drawing inspiration from India’s post-festive ritual of renewal, the campaign reflects a trader’s journey, breaking free from slow, decades-old charts and stepping into the future with the Sahi App, India’s new-age, high-performance platform. The cinematic story captures traders deleting lagging charts, organizing cluttered setups, and shifting to precision-driven trading powered by intelligent in-house Sahi charts and real-time market insights & analytics.

    Sahi’s proprietary chart-first interface bridges the gap between analysis and execution. The platform combines intuitive design with powerful technology, offering AI-assisted trade insights, real-time Greeks, and advanced technical indicators that make execution seamless. With a one-click, single-screen trading experience, the platform has redefined what it means to trade smart.

    With pro-grade tools, seamless & smooth execution, and AI-driven infrastructure, Sahi has emerged as a fast-growing platform among active traders. In just ten months, it has recorded over 800,000 app downloads, with active traders growing 50% month-over-month. Notably, 20% of users have executed over 500+ trades within five months, while more than 50% have placed 100+ trades, reflecting high engagement and trading intensity.

    Despite its professional-grade tools and AI-driven infrastructure, Sahi offers up to 50% lower brokerage than most competitors, thanks to a lean operational model and advanced automation across internal teams.

    “Too many traders today still rely on outdated tools that slow them down when it matters most,” said Dale Vaz, CEO of Sahi. “This campaign is our call to action to equip traders with the speed, intelligence, and power they need to compete in today’s markets. At Sahi, our mission is to build technology that amplifies their edge to level the playing field.”

    Reedhi Mukherjee, Head of Brand, Sahi, added, “We wanted the film to tap into a universal truth that the tools you use define your performance. This campaign is a reminder to traders that it’s time to let go of what holds them back and embrace technology built for high performance. At its heart, Sahi isn’t just about charts, as it’s about giving traders the power to trade on their own terms.”

    With this campaign, Sahi reinforces its position as India’s High-Performance Platform for active investors and traders, one that combines cutting-edge technology with human-centered design.

  • Sumeet Industries Reports 230% Surge in H1 FY26 Net Profit; EPS Rises 243% YoY

    Sumeet Industries Reports 230% Surge in H1 FY26 Net Profit; EPS Rises 243% YoY

    Surat (Gujarat) [India], November 13: 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 its Unaudited Financial Results for H1 FY26.

    Key Consolidated Financial Highlights of H1 FY26

    • Total Income of ₹ 520.83 Cr, YoY growth of 2.35%
    • EBITDA of ₹ 31.17 Cr
    • EBITDA Margin of 5.98%, YoY growth of 597 Bps
    • Profit After Tax of ₹ 17.84 Cr, YoY growth of 230.34%
    • Profit After Tax Margin of 3.42%, YoY growth of 236 Bps
    • EPS* of ₹ 1.68, YoY growth of 242.86%

    *EPS taken on base Value  10

    Commenting on the performance, Mr. Pratik R. Jaju, Managing Director of Sumeet Industries Limited said, “The second quarter has been a period of steady operational performance for us. We witnessed consistent demand in our polyester yarn segment, supported by a more balanced product mix and improved process efficiency. Our continued focus on operational discipline and optimization initiatives has helped us sustain margins in a competitive market environment.

    The Board has initiated the process for expanding our FDY capacity by around 30,000 tonnes per annum with an investment of ₹ 75 Cr. Once completed, this strategic expansion is expected to strengthen our presence in the value-added synthetic yarn space and enhance both scale and profitability.

    On the sustainability front, a 14 MW (DC) solar renewable power plant under the captive model has been installed and commissioned. We expect this initiative to deliver tangible benefits in terms of energy cost savings. We are also evaluating additional renewable power options, including wind and hybrid sources, to further reduce our energy costs and carbon footprint.”

    Key Highlights

    • Capacity Expansion: The Board has approved a 30,000 TPA expansion for value-added synthetic yarns at a project cost of ₹75 crore, expected to add ₹300 Cr in annual revenue and boost profitability.
    • Solar Power Commissioning: The Company has commissioned a 14.00 MW (DC) captive solar power plant under a PPA arrangement, leading to significant savings in power costs.

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  • HEC Infra Projects Limited Delivers Impressive Q2 FY26 Results: Revenue Jumps 97 Percent, Net Profit Surges 82 Percent

    HEC Infra Projects Limited Delivers Impressive Q2 FY26 Results: Revenue Jumps 97 Percent, Net Profit Surges 82 Percent

    Ahmedabad (Gujarat) [India], November 13: HEC Infra Projects Limited (HEC, The Company), (NSE Code: HECPROJECT), one of the leading players in the infrastructure sector, specializing in extra high voltage transmission and distribution projects have announced its Unaudited Financial Results for Q2 & H1 FY26.

    Key Financial Highlights

    Financial Highlights Q2 FY26

    • Total Income of ₹ 40.82 Cr, YoY growth of 96.84%
    • EBITDA of ₹ 3.86 Cr, YoY growth of 105.69%
    • EBITDA Margin of 9.45%, YoY growth of 45 Bps
    • Net Profit of ₹ 2.23 Cr, YoY growth of 82.10%
    • EPS of ₹ 2.06, YoY growth of 70.25%

    Financial Highlights H1 FY26

    • Total Income of ₹ 68.74 Cr, YoY growth of 76.28%
    • EBITDA of ₹ 6.47 Cr, YoY growth of 94.94%
    • EBITDA Margin of 9.41%, YoY growth of 90 Bps
    • Net Profit of ₹ 3.56 Cr, YoY growth of 72.88%
    • EPS of ₹ 3.29, YoY growth of 62.07%

    Commenting on the performance, Mr. Gaurang Shah, Managing Director of HEC Infra Projects Limited said, “We are pleased to share another quarter of healthy growth, reflecting our continued operational strength and execution capabilities. During Q2 FY26, total income nearly doubled year-on-year to ₹40.82 Cr, driven by improved project execution and steady order inflows. EBITDA grew by 106%, while net profit rose by 82%, underscoring enhanced operational efficiency and cost discipline.

    During the quarter, we secured five new projects with a cumulative order value of ₹62.53 Cr, further reinforcing our presence in the infrastructure and energy domains. We remain committed to timely project delivery, quality excellence, and prudent financial management. Our growing order pipeline and strong client relationships position us well to sustain momentum and deliver consistent long-term value to our stakeholders.”

    Key Operational Highlights

    EPC Order – M/s BGP Infra Private Limited
    • Secured a ₹ 28.75 Cr EPC contract for setting up a 66 kV substation at the Borosil end along with 66 kV underground cable works.
    • Completion timeline: 12 months.
    Multiple Orders – Ahmedabad Municipal Corporation (AMC)
    •  Awarded combined contracts worth ₹ 26.63 Cr across Central, North West and South Zones. Scope includes augmentation, upgradation and new construction of water distribution stations with integrated civil, electrical, mechanical and instrumentation works.
    • Project timelines range from 8 to 36 months.
    Battery Energy Storage Project – M/s Advait Energy Transitions Limited
    • Bagged a ₹ 7.15 Cr EPC order for implementing a Battery Energy Storage System (BESS).
    • Execution period: 12 months.

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  • Globe Enterprises Reports Strong Consolidated Q2 FY2025–26 Results; PAT Surges 220 percent to INR 446 lacs

    Globe Enterprises Reports Strong Consolidated Q2 FY2025–26 Results; PAT Surges 220 percent to INR 446 lacs

    Ahmedabad (Gujarat) [India], November 13: Globe Enterprises (India) Limited, a leading manufacturer of fabrics, denim, and home textiles, announced its financial results for the quarter and half year ended September 2025, showcasing strong operational performance and sustained business momentum.

    Financial Highlights

    Quarter Ended September 2025 (Q2 FY2025–26)

    • Revenue: ₹15,856.26 lacs, an increase of 6.81% compared to ₹14,844.87 lacs in the previous quarter (June 2025).
    • Profit After Tax (PAT): ₹446.38 lacs, showing a robust growth of 219.94% over ₹139.52 lacs in the previous quarter, supported by improved margins and higher operational efficiency.

    Management Commentary 

    Bhavik Parikh, Managing Director of Globe Enterprises (India) Limited, said:

    “Our strong financial performance for the quarter and half year demonstrates the company’s focus on operational efficiency and market expansion. Despite cost pressures, we delivered healthy profitability and revenue growth across major product segments. With improving demand conditions, we are confident of sustaining the growth trajectory in the coming quarters.”

    Corporate Developments

     1. Change in Company Name

    The Board of Directors has approved the change of the company’s name from Globe Textiles (India) Limited to Globe Enterprises (India) Limited.

     2. Promoter Share Purchase

    Promoter Mr. Bhavik Suryakant Parikh has further strengthened his commitment towards the company by acquiring 45,00,000 equity shares worth ₹1,28,56,450 on November 12, 2025. This strategic purchase reflects his continued confidence in the long-term growth prospects and future performance of Globe Enterprises (India) Limited.

     3. New Virtual Branch Office – Mumbai

    The Board has also approved the opening of a new virtual branch office in Mumbai to strengthen the company’s presence in Maharashtra.

    “The virtual office will enable us to enhance our business operations, improve customer engagement, and expand our market outreach in Mumbai and the surrounding regions,” said Mr. Bhavik Parikh, Managing Director

     4. Rationalization of Non-Core Assets

    As part of its operational restructuring strategy, the company has entered into an agreement to sell its printing plant and machinery to Maruti Textiles, Ahmedabad, for ₹90.48 lakh.

    The asset had been underperforming due to technological obsolescence and rising maintenance costs.

     5. Demerger of Online Business

    The Board has approved the draft scheme of arrangement for demerger, under which the company’s online business—including brands “Indigenx” and “Orijean”—will be transferred to the resulting entity as a going concern.

    About Globe Enterprises (India) Limited 
    Established in 1995, Globe Enterprises is a leading player in the Indian textile industry. The company offers a comprehensive portfolio that includes yarns, fabrics, denim, home textiles, and garments, serving diverse domestic and international markets with innovative and customized textile solutions.

    Contact Information:
    FOR GLOBE ENTERPRISES (INDIA) LIMITED
    (Formerly known as Globe Textiles (India) Limited)

    Mr. Bhavin Parikh (CEO & CFO)
    Email: ceo@globetextiles.net
    Contact: 079-26441881

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  • Ecoreco Reports 11% YoY Growth in Standalone Total Income to INR 15 Cr in Q2 FY26

    Ecoreco Reports 11% YoY Growth in Standalone Total Income to INR 15 Cr in Q2 FY26

    Mumbai (Maharashtra) [India], November 13: Eco Recycling Limited (BSE: ECORECO), India’s pioneering and leading professional e-waste management company, has published its unaudited financial results for Q2 & H1 FY26. During the period under review, the company reported a standalone net profit of Rs 6.18 crore on a total income of Rs 14.48 crore in Q2 FY26. An increase in recycling capacity helped boost operating revenue.

    Q2 FY26 Consolidated Key Financial Highlights:

    • Total Income of ₹ 14.48 Cr
    • EBITDA of ₹ 7.25 Cr
    • EBITDA Margin (%) of 50.07%
    • Net Profit of ₹ 5.60 Cr
    • Net Profit Margin (%) of 38.67%
    • EPS of ₹ 2.97

    Q2 FY26 Standalone Key Financial Highlights:

    • Total Income of ₹ 14.53 Cr
    • EBITDA of ₹ 7.34 Cr
    • EBITDA Margin (%) of 50.52%
    • Net Profit of ₹ 6.18 Cr
    • Net Profit Margin (%) of 42.53%
    • EPS of ₹ 3.20

    H1 FY26 Consolidated Key Financial Highlights:

    • Total Income of ₹ 28.10 Cr
    • EBITDA of ₹ 16.69 Cr
    • EBITDA Margin (%) of 59.40%
    • Net Profit of ₹ 13.69 Cr
    • Net Profit Margin (%) of 48.72%
    • EPS of ₹ 7.01

    H1 FY26 Standalone Key Financial Highlights:

    • Total Income of ₹ 26.74 Cr
    • EBITDA of ₹ 15.41 Cr
    • EBITDA Margin (%) of 57.63%
    • Net Profit of ₹ 12.89 Cr
    • Net Profit Margin (%) of 48.20%
    • EPS of ₹ 6.68

    Commenting on the performance, Mr B.K. Soni, Chairman & Managing Director of Eco Recycling Limited, said, “The second quarter of FY26 was an important phase for us, marked by steady growth, stronger operations, and a supportive policy environment. We expanded our total recycling capacity to 31,200 MTPA with the commissioning of a new 6,000 MTPA lithium-ion battery recycling facility at Vasai. What makes this expansion even more satisfying is that it was fully funded through internal accruals, reaffirming our commitment to a debt-free and self-sustaining growth path.

    Our focus during the quarter remained on strengthening value-added segments such as refurbishment, IT asset disposition, data destruction, lamp recycling, and precious metal recovery. These areas are seeing rising participation from producers and enterprises under the EPR framework. On the consumer side, our BookMyJunk platform—appreciated by the Hon’ble Prime Minister in Mann Ki Baat—continues to build awareness about responsible collection and recycling.

    The environment for organised recyclers is turning highly favourable. The Supreme Court’s ruling upholding the Polluter Pays principle has brought much-needed clarity and accountability in environmental enforcement. Alongside this, the government’s ₹1,500 Cr incentive scheme under the National Critical Mineral Mission has set the stage for large-scale investment in e-waste and lithium-ion battery recycling. These measures not only validate the importance of our industry but also open up significant growth opportunities for companies like ours that have built strong compliance and processing capabilities over the years.

    Looking ahead, we are preparing to commission a mineral recovery facility focused on PCBs, hard drives, and lithium-ion batteries. This will help recover valuable metals such as cobalt, nickel, and manganese for domestic industries, reducing import dependence and contributing to India’s self-reliance in critical minerals. With expanding capacity, sound financial management, and increasing policy momentum, we are confident of continuing on our growth path while creating long-term value.”

    Q2 FY26 Key Financial Highlights:

    Global Leadership Integration
    • Appointment: CMD Mr B. K. Soni joins SERI’s Technical Advisory Committee & Dr Sandip Chatterjee is appointed as Independent Director
    • Industry Impact: Advances sustainable recycling via Centres of Excellence and the RLI scheme
    Capacity Enhancement
    • E-Waste: recycling Capacity up by 18,000 MTPA; total 31,200 MTPA
    • Facility: 6,000 MTPA commissioned in new 40,000 sq. ft. Vasai plant fully funded via internal accruals
    • Compliance: Supports EPR compliance and sector formalisation 
    Advancing E-waste Recycling in India
    • Initiatives: Reverse logistics, data destruction, and Recycling on Wheels for safe e-waste processing.
    • Recognition: BookMyJunk app praised by PM Modi.
    • Future Focus: Setting up a mineral recovery facility for PCB, HDD, and Li-ion batteries to support manufacturers and boost foreign exchange earnings.

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  • Royale Marmo Galleria by Royale Impex

    Royale Marmo Galleria by Royale Impex

    Royale Impex sets new benchmarks in marble craftsmanship, design, and sustainability

    New Delhi [India], November 13: Royale Marmo Galleria by Royale Impex marks a new era of luxury in the world of marble and natural stone. Located in the heart of Mumbai, this expansive destination spans over 12,000 sq ft with an inventory of 3.5 lakh square feet, making it one of the largest and most sophisticated marble galleries in India. It is a space where craftsmanship, scale, and design excellence come together to redefine what premium stone means in architecture and interior design.

    The gallery offers an unparalleled collection of exquisite natural stones sourced from over 30 countries across the globe. With more than 300 colors and varieties available, each slab tells a story of timeless beauty, strength, and natural artistry. Every block of marble is handpicked to meet the highest standards of aesthetics and durability, catering to discerning architects, interior designers, developers, and luxury homeowners.

    Royale Marmo Galleria by Royale Impex is not just a space to explore materials; it is an immersive experience. The gallery has been thoughtfully designed to allow clients to interact with the materials, understand their textures, and visualize how they bring life to both modern and classical spaces. The curated collection showcases everything from pristine Italian marble and exotic onyx to rare quartzite and travertine, ensuring a world-class range for every creative vision.

    Behind the grandeur lies the legacy of Royale Impex, a brand built on decades of trust, quality, and innovation in the natural stone industry. With deep-rooted expertise and a passion for excellence, Royale Impex has earned its reputation as a leader in sourcing and supplying high-quality materials for prestigious residential, commercial, and hospitality projects across India and abroad.

    The new gallery reflects this legacy through its state-of-the-art facilities and commitment to sustainability and ethical sourcing. Every process, from selection to display, is driven by precision, ensuring that each client experiences transparency, quality assurance, and personalized service.

    Royale Marmo Galleria by Royale Impex is more than just a showroom. It is a celebration of nature’s artistry and human craftsmanship, a destination where stone becomes design and design becomes timeless. For those who seek the extraordinary, Royale Marmo Galleria stands as the ultimate expression of luxury, quality, and inspiration.

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  • Punjab Attracts Investor Interest at Hyderabad Roadshow Ahead of Summit 2026

    Punjab Attracts Investor Interest at Hyderabad Roadshow Ahead of Summit 2026

    Hyderabad (Telangana) [India], November 12: Punjab’s Industries & Commerce Minister, Sh. Sanjeev Arora, led a delegation comprising of Senior Officials of the Department of Investment Promotion, urged Hyderabad’s industrial fraternity to partner in Punjab’s fast-growing investment story during a high-level roadshow organized by Invest Punjab at Banjara Hills. The outreach is part of the build-up to the Progressive Punjab Investors’ Summit 2026, scheduled in March 13th to 15th at ISB Mohali.

    The Minister highlighted Punjab’s transformation into a preferred business destination, driven by unified business policies, proactive governance, and time-bound clearances through the FastTrack Punjab Portal, one of India’s most advanced single-window systems. “Punjab is committed to offering a transparent, facilitative ecosystem for investors. The state has received significant investments of ₹1.37 lakh crore, creating half a million employment opportunities. We welcome Hyderabad’s visionary entrepreneurs to be part of our journey toward sustainable and inclusive growth,” he said.

    The delegation held one-to-one meetings with leaders from Ceph Life Sciences, Vibrant Energy, ICFAI Foundation for Higher Education, TiE Global, Baba Group of Companies, Ellenbarrie Industrial Gases, Visakha Pharmacity (Ramky Group), and Bharat Electronics Limited (BEL). BEL discussed ways to strengthen its value chain in Punjab by onboarding MSMEs through Invest Punjab, enabling deeper industry participation in electronics manufacturing.

    Earlier in the day, Shri Alla Ayodhya Rami Reddy, Founder Ramky Group and Member of Parliament (Rajya Sabha), also met Hon’ble Minister Sh. Sanjeev Arora and exchanged views on strengthening public-private collaboration and exploring opportunities in the manufacturing and infrastructure sectors.

    At the evening session, Dr B. Partha Saradhi Reddy, MP (Rajya Sabha) and Chairman of Hetero Group, lauded Punjab’s governance model and said, “Punjab has immense potential in pharmaceuticals and transparent governance gives investors the confidence to expand.”

    Prof. Dulal Panda, Director, NIPER Mohali, representing the National Institute of Pharmaceutical Education and Research, noted that “innovation, skill and research must go hand in hand. Punjab’s research ecosystem and government handholding can truly drive entrepreneurship and growth.”

    Mr Abhijit Banerjee, MD, Linde India, appreciated Punjab’s seamless facilitation, saying their unit at Hi-Tech Valley, Ludhiana, benefited from “an advanced, paperless portal, stable infrastructure, and a supportive ecosystem that encourages expansion.”

    Mr Varun Surekha, Hartex, remarked that “Governance in Punjab works with you, not above you—Invest Punjab’s proactive approach makes business easier and efficient.”

    Mr Sudhakar Rao, Director, ICFAI Foundation for Higher Education, emphasised Punjab’s thriving academic ecosystem, noting that nearly one-fifth of ICFAI’s Hyderabad students come from Punjab and “the State’s education sector deserves to be showcased globally.”

    Mr Anirudh Gupta, CEO of DCM Group of Schools, shared plans to develop Zen Alpha School for Young Entrepreneurs in Ludhiana, citing Punjab’s focus on education, skilled talent, and startup culture.

    Speaking at the evening session, Hon’ble Minister Sh. Sanjeev Arora said, “Punjab is committed to offering the most facilitative and transparent ecosystem for investors. Through our unified single-window system and reformed industrial policies, we are ensuring faster clearances and a responsive administration. Under the recent reforms of the Right to Business Act, approvals for industries located inside approved industrial parks will be granted within five working days, while all other industries not yet covered under the Act will receive approvals within forty-five working days through the FastTrack Punjab Portal. The participation of leading industrial houses in Hyderabad today reflects the growing national confidence in Punjab’s vision of sustainable and inclusive industrial growth.”

    The Hyderabad outreach follows the successful Bengaluru, New Delhi, Gurugram roadshows and marks another step toward engaging high-quality investors across India to promote Punjab as North India’s most progressive and investor-friendly destination.

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