Tag: Business

Srinagar (Jammu & Kashmir) [India], November 6: Sarveshwar Foods Limited’s (SARVESHWAR | BSE: 543688 | INE324X01026), Singapore-based unit – Green Point Pte. Ltd., today announced the signing of a strategic Memorandum of Understanding (MoU) with the Indian Rice Exporters Federation (IREF). This collaboration marks a significant step towards expanding SFL’s footprint and ensuring a consistent supply of premium Indian rice in global markets.

Under the terms of the MoU, both parties have expressed their intent to explore commercial arrangements for the procurement and export of 50,000 Metric Tons (MT) of Indian rice. This procurement is valued at approximately USD 19.8 million (Rs 173.9 crores) on a Cost and Freight (CFR) basis.

The proposed export order reflects the growing international demand for high-quality Indian rice and includes:

• Indian Parboiled Rice: 40,000 Metric Tons
• Indian White Rice: 10,000 Metric Tons

The shipments are intended for key global destinations, including the UAE, Saudi Arabia, Iraq, the USA, Cote d’Ivoire, China, the UK, Benin, South Africa, Senegal, Kenya, Cameroon, and the Netherlands, highlighting the growing international demand for high-quality Indian rice.

The MoU outlines mutual intentions regarding product quality, due diligence, compliance with export-import regulations, and good-faith consultations for future definitive agreements.

Speaking on the occasion, Mr. Rohit Gupta, Chairman of Sarveshwar Foods Limited:

“We are pleased to collaborate with IREF to ensure consistent supply of premium Indian rice to our international clientele. India’s expertise in rice cultivation and processing aligns perfectly with our vision to serve diverse global markets.”

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Jaipur (Rajasthan) [India], November 6: KRN Heat Exchanger and Refrigeration Limited (NSE – KRN | BSE – 544263), one of the prominent manufacturers and exporters of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils, has announced its Unaudited Financial Results for Q2 & H1 FY26.

Key Financial Highlights

Standalone Q2 FY26

• Total Income of ₹ 227.22 Cr, YoY growth of 126.13%
• EBITDA of ₹ 29.60 Cr, YoY growth of 68.56%
• Net Profit of ₹ 23.66 Cr, YoY growth of 95.38%
• Diluted EPS of ₹ 3.81, YoY growth of 46.54%

Standalone H1 FY26

• Total Income of ₹ 344.35 Cr, YoY growth of 72.87%
• EBITDA of ₹ 49.38 Cr, YoY growth of 42.63%
• Net Profit of ₹ 39.33 Cr, YoY growth of 65.74%
• Diluted EPS of ₹ 6.33, YoY growth of 23.63%

Consolidated Q2 FY26

• Total Income of ₹ 154.46 Cr, YoY growth of 66.91%
• EBITDA of ₹ 30.25 Cr, YoY growth of 67.03%
• Net Profit of ₹ 17.99 Cr, YoY growth of 46.14%

Consolidated H1 FY26

• Total Income of ₹ 273.32 Cr, YoY growth of 44.22%
• EBITDA of ₹ 47.85 Cr, YoY growth of 33.62%
• Net Profit of ₹ 30.43 Cr, YoY growth of 25.28%

Export Revenue Highlights H1 FY26- Consolidated

• United Arab Emirates: 47.43%
• USA: 20.01%
• Canada: 18.86%
• Italy: 11.07%
• Other: 2.63%
• Total: 100.00%

Comment on Financial Performance Mr. Santosh Kumar, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited said, “We are pleased with the strong performance achieved during the second quarter and first half of FY26, marking another step forward in KRN’s growth journey. This period has been especially significant as we took several strategic steps that strengthen our foundation for the future. The acquisition of the Bus Air-Conditioning division of Sphere Refrigeration Systems is a key milestone that expands our presence in the automotive HVAC segment, while the CRISIL A– rating with a stable outlook reflects our sound financial health and credibility. These developments, combined with consistent operational progress, underline the growing strength and resilience of KRN.

Looking ahead, our focus remains on enhancing product quality, broadening our global footprint, and nurturing long-term customer relationships. The achievements of Q2 and H1 FY26 give us strong confidence in our direction, and we are committed to continuing this positive momentum as KRN evolves into a globally trusted name in the HVAC industry.”

Key Business Highlights

Strategic Acquisition

• KRN HVAC Products Pvt. Ltd., a wholly owned subsidiary of KRN Heat Exchanger, signed a Business Transfer Agreement to acquire the Bus Air-Conditioning division of Sphere Refrigeration Systems Pvt. Ltd.
• The deal includes transfer of all operations, assets, and employees to KRN HVAC.
• The acquisition strengthens KRN’s automotive HVAC presence and supports growth and profitability.

CRISIL Rating Update

• The Company has been assigned a CRISIL A– rating with a Stable Outlook for its bank facilities, reflecting the company’s strong credit profile, sound financial management, and consistent operational performance.

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Surat (Gujarat) [India], November 6: The 12th Edition of Surat International Textile Expo SITEX 2025 will be held in jointly organising with the Southern Gujarat Chamber of Commerce and Industry (SGCCI), Southern Gujarat Chamber Trade and Industries Development centre and Surat Texmac Federation on 22nd-24th November 2025, at the Surat International Exhibition and Convention Centre (SIECC), Sarsana, Surat, between 10:00 am and 7:00 pm.

Mr Nikhil Madrasi, President, SGCCI, said that SITEX, the 12th edition, organised by SGCCI, is an all-round exhibition that encompasses the entire textile machinery industry. The ultimate aim of this mega show is to provide a new focus and thrust to the textile industry in India on the international front. The Indian textile sector is fast-growing, and the exhibition will be a great leap towards the vision of Viksit Bharat @ 2047. It will not only lead to further development of technology and an increase in production, but it will also create mass employment.

Along with constant improvement in technology of the textile machinery, SITEX 2025 will display a great variety of high technology machines, such as Water Jet Machines, Air Jet Machines, High-Speed Rapier Machines, Jacquard Machines, Circular Knitting Machines, Digital Printing Machines, Needle Machines, Fusing Machines and numerous other modern machines and accessories.

This mega exhibition will involve over 100 exhibitors around India and has the potential to draw a huge number of people to Surat and India at large.

Registration is absolutely free to visitors using the official link: https://expo.sgcci.in/sitex2025

SGCCI warmly welcomes all Indian and foreign textile business people, manufacturers, traders and other stakeholders to visit SITEX 2025 in Surat and see the current innovations that are defining the future of the textile industry.

To get the details, visit our site sitex.sgcci.in. [https://sitex.sgcci.in/]

PNN Business

Mumbai (Maharashtra) [India], November 6: Worried that talk of “material change” could nudge up your premium at renewal? You’re not the only one. In practice, insurers ask whether anything significant has shifted in your health or lifestyle before they renew. That check keeps the contract aligned to real risk so claims can be settled.

At the same time, health insurance is designed for continuity and sets out benefits clearly, from hospitalisation to day-care, outpatient care and diagnostics and the option to add family members under one policy.

What “Material Change” Means for Policyholders

A “material change” is any update that could affect your risk, like a new diagnosis, ongoing treatment, or a planned surgery. You should tell your insurer about these changes. They’ll reassess your policy according to the wording you already agreed to, not arbitrarily.

Think of it as routine maintenance, not a trap: when your details are up to date, your cover is far more likely to work precisely as it should when life gets complicated.

How Renewals Usually Work

Renewal is more than a payment deadline. It’s your annual chance to ask: Does the sum insured still fit my city and household? Do add-ons still earn their keep?

Consumer pages that explain health insurance highlight key pillars: cashless treatment, day-care procedures, diagnostic support, and the ability to include family members under one contract.

Can Premiums Change?

They can, but never on a whim. Prices move for reasons disclosed in product literature, such as portfolio pricing updates, age-band movement or claims experience. What matters is that any change traces back to the plan’s terms and the way claims are handled.

Read the claims section, understand cashless versus reimbursement. When you know the process, renewal becomes a continuation rather than a fresh negotiation.

Will “Material Change” Derail your Renewal?

Generally, no. Indian health insurance plans emphasise comprehensive benefits and a long-term view for individuals and families. You may be asked for details if your health status has shifted, and sometimes a loading can apply.

Pages that explain the difference between a broader health insurance contract and a narrower mediclaim policy show that full-featured cover goes beyond inpatient bills and may include other helpful support.

How to Prepare for a Smooth Renewal

Use this quick checklist to keep your cover continuous, disclosures clear, and premiums predictable at renewal.

• Review the benefits you actually use: Revisit hospitalisation, diagnostics, outpatient and ambulance features, plus how cashless treatment works at the hospitals you prefer. That’s an everyday value worth checking before renewal.

• Update disclosures early: If something material has changed, share it well before the due date. Early clarity supports faster, cleaner decisions.

• Right-size the cover: Your sum insured should reflect your life stage and the number of members on the policy. Product guidance often encourages a considered choice here rather than a race to the cheapest premium.

• Know the claims routes: Understand cashless versus reimbursement and what each route expects from you. When you’re organised, claims are easier during the term and renewal conversations stay grounded in facts.

• Think long term when you buy health insurance: The goal is to hold cover that matches your needs today and tomorrow over the long term, not just the lowest price tag.

Choosing Health Insurance With Renewal in Mind

When you compare options, look beyond headline prices. A stable plan blends everyday usability with robust protection. Consumer guidance consistently points to a few anchors: an accessible cashless network, clear coverage and exclusions, and step-by-step buying and renewal information.

Use that checklist to identify the best health insurance for your situation rather than chasing a bargain that won’t stand up at claim time. If you prefer a simpler structure focused mainly on inpatient treatment, a mediclaim policy might suit you.

A Quick, Practical Checklist

Pointers to follow:

• Confirm personal and medical details, and disclose any genuine material change.
• Revisit coverage, exclusions and waiting periods before you pay the renewal premium.
• Recheck the cashless network you rely on for treatment.
• If you plan to buy health insurance for the first time, read the steps, features and claims guidance so you avoid surprises later.

Final Thoughts

See “Material change” as an update prompt rather than a pitfall. The broader architecture of medical insurance, comprehensive benefits, explicit claims routes, and practical buying guidance exists to make renewal predictable. Use renewal season to reassess cover, keep disclosures clean and choose upgrades that add genuine value. Do that and your health insurance is more likely to remain steady, stress-free, year after year.

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New Delhi [India], November 6: Jitendra Vaswani, the best digital marketing expert in India, is one of the most prominent leaders who has recognised AI’s potential in digital marketing. In the e-commerce sector, he’s one of the first leaders to recognise the importance of AI citations.

He had been doing it for a long time, but he gained recognition during the December 2024 updates when sites using unmonitored AI content lost their rankings. The projects under Vaswani’s company have instead improved their rankings.

Moreover, one of the SaaS affiliate projects they had been working on reinforced its ranking after a 40% traffic loss by fixing the issues. Hence, he is leading the change and even tracking it for maximum efficiency.

Jitendra Vaswani Shares The Latest AI Trends

Talking to Jitendra, the CEO of Digiexe, he shares the latest AI trends in work culture. He shares the transition in roles and operational workflows:

• AI Integration in Industries: AI is transforming the way conventional sectors operate, and the demand for modern roles is growing. He further notes that professionals such as AI Healthcare Specialists, skilled in creating diagnostic algorithms, and AI-focused content creators are in increasing demand.

• Shifting In-Demand Skills: Earlier, the demand for skills varied, and even in computer science, the scenario was different. However, technical skills such as Python, Cloud Computing, NLP, and Power BI are increasingly in demand.

He further notes that the demand for jobs such as AI security experts, data scientists, and ML Engineers is increasing. Even entry-level positions, such as call centre, BPO, data entry, and customer service, are being lost to automation.

The impact is already visible in the United States, where nearly 20 million U.S. workers need retraining in the upcoming years.

How Jitendra Vaswani Uses AI At Digiexe?

While Vawasni emphasises the importance of evolving with AI, it’s a foundational strategy for his business. Even in his recent interview with the Economic Times, he revealed that he strategically integrates it in nearly every phase of the digital marketing workflow.

His agency, Digiexe, uses tools like ChatGPT and SurferSEO to cluster semantically related keywords. Further, AI analyses their user intent and accordingly drafts the entire content. But this is just the beginning.

His team spends a good amount of time to ensure it aligns with the client’s brand voice, adds a humanistic touch, and gains authentic subject-matter knowledge. In this way, his team doesn’t compromise on quality, which is a must for E-E-A-T.

Further, even for e-commerce and ads, the team focuses on AI Optimisation, Generative Engine, Answer Engine, and Search Engine Optimisation in line with current trends.  Thus, it will future-proof the website against algorithmic updates and shifting trends.

Hence, by integrating AI with controlled human supervision, Vaswani, through Digiexe, demonstrates how digital marketers should scale with AI rather than resist its integration.

Will AI Takeaway Jobs – Know Digiexe Founder’s Expert Insights

Jitendra Vaswani, best Digital Marketer in India, shares that AI will take away jobs, which is partially true. Just as with digitisation, adapting to AI is necessary to avoid risking one’s career. It can be used to adapt workflows, conduct research, and more. Hence, you have to use it in combination with human strengths.

He shares that the McKinsey report states that over the next 3 years, 92% of companies will increase their AI investments. Accordingly, nearly 24% of tasks across industries will achieve full automation potential, while 42% will be upgraded to AI-improved workflows.

Some other insights include:

1. Human-Plus-Machine Model Works The Best

AI cannot replace humans, and its capabilities are best achieved by reducing the burden of repetitive work on humans. It thus helps to unlock creativity, judgment, and relationship-based skills.

Even the PwC “AI Jobs Barometer” shows that workers with AI skills earned 56% more than those without it.

2. The Role of Displacement and Creation 

Vaswani shares that yes, AI will change tasks and roles in a job. Amid this, a few roles could shrink, and some will vanish. However, newer roles that involve design, management, or collaboration with AI systems will increase.

Even an IIMA study reveals that 63% of business executives believe AI will create new job roles in the next few years.

3. Integration Is Important 

Vaswani shares an important insight: AI isn’t the sole key to integrating it into your workflow. Many companies treat it as a side project rather than a core rewrite, and hence, those organisations can fall out.

However, Jitendra says that a major obstacle to such integrations is poor leadership, and there is no need for employee resistance.

4. Long-Term Resilience

Professionals who strategically align AI and their core values prosper greatly in the long term. This includes empathy, strategy, ethics, and domain, and integrating it with AI tools and data-driven insights that would shine through.

Summing it up, Jitendra shares that failure to adapt to Artificial intelligence can lead to a lack of employment opportunities. Even an Ernst & Young India report says that fenAI will revolutionise 38 million jobs by 2030, boosting sector productivity by 2.6%.

Vaswani’s facts are further supported by various studies, such as the Labour-force perception study conducted in India, which found that 68% of white-collar workers expect many parts of their jobs to be automated over the next five years. But 63% also believe that AI will create new job roles.

Additionally, studies conducted by Boston Global Group reveal taht 92% of Indian employees are using GenAi tools at work.

Hence, the CEO of Digiexe highlights that the change in the job market is real, and failure to comply with it can lead to losing your job; adhering to it will let you take advantage of the increasing opportunities.

Jitendra Vaswani’s Final Thoughts

Jitendra believes that the current and future world is not about AI replacing humans; instead, humans are integrating it into their workflows. Therefore, he emphasises that employees and organisations should adopt, integrate, and refine their work using it if they don’t want AI to risk their jobs.

Plus, his transition from digital marketing expert to AI-native digital marketing leader demonstrates how quickly he recognises and adapts to changing trends. Thus, by adopting early, he saves his client’s projects from the negative impact of algorithm updates.

Though he believes AI will reshape the job market, as India’s leading digital marketer, he did share details about how he uses AI at his organisation. Further, his insights revealed how professionals can protect their jobs.

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New Delhi [India], November 6: Shining Tools Limited has announced its plan to go public with an Initial Public Offering (IPO) on 07^th November, 2025 to be listed on the BSE SME platform

About the company 

• Shining Tools Limited is engaged in the designing and manufacturing of high-performance solid carbide cutting tools catering to various industries in India.
• The company specialize in producing a wide range of high-performance cutting tools, including end mills, thread mills, drills, and reamers, offering innovative tooling solutions.
• its cutting tools are designed for use on CNC machines such as Horizontal Machining Center’s (HMCs), Vertical Machining Center’s (VMCs) and turn-mill centers. They operate at high speeds and feed rates, efficiently machining a variety of metals, including solid carbide, cast iron, forgings, steel, and aluminium.
• The company manufactures a wide range of tools in various shapes, sizes, geometries, and grades (standard to ultrafine), offering complete cutting tool solutions supported by technical expertise, skilled staff, and advanced machinery.
• The company’s portfolio includes both standardized and customized tools, with customized products contributing 73.19% to total revenue in FY 2024–25. These are developed using advanced design software such as Walter Helitronic Tool Studio and Siemens Powershape.
• The company also offers regrinding, re-sharpening, and coating services to enhance tool performance and extend tool life. Leveraging its technical expertise in tool design and manufacturing, the company restores used tools to their original geometries and coatings with precision.
• The company use ERP (Enterprise Resource Planning) software “NATIVEBIT” for managing inventory levels, production, execution, billing, and receivables
• The company has a 50 KW grid rooftop solar plant at manufacturing facility for captive consumption. This solar plant ensures continuous unabated operation of manufacturing facility and is a key proposition in BCP

Mr. Vipulbhai Laljibhai Ghonia, MD Shining Tools Limited said “I’m thrilled to announce our SME IPO listing, marking a significant milestone in our journey.”

Objects of the Issue

The primary objectives of the issue are to finance the purchase and installation of plant and machinery for Carbide Precision Tools at the existing premises, located at Survey No. 63/2, Plot No. 2, Rajkot–Gondal Highway, Pipaliya, Gondal, Rajkot–360 311, Gujarat, India (referred to as the “Existing Premises”). In addition, a portion of the proceeds will be utilized to fund the company’s working capital requirements and for general corporate purposes.

Issue Structure

The issue comprises 7,12,200 equity shares reserved for Individual Retail Investors and another 7,12,200 equity shares reserved for investors other than Individual Retail Investors. Further, up to 75,600 equity shares have been allocated to the Market Maker. The issue will open on Friday, November 7, 2025, and will close on Tuesday, November 11, 2025. The company’s pre-issue share capital consists of 41,58,400 equity shares, which will increase to 56,58,400 equity shares post-issue.

The Lead Manager to the issue is Sobhagya Capital Options Pvt. Ltd., and the Registrar to the Issue is Maashitla Securities Private Limited.

Key Financials

As per the company’s financial performance (₹ in lakhs), revenue from operations increased from ₹1,032.15 lakh in FY23 to ₹1,052.95 lakh in FY24 and further to ₹1,472.88 lakh in FY25. For the period ended July 31, 2025, the company reported revenue of ₹539.64 lakh. EBITDA improved significantly from ₹188.59 lakh in FY23 to ₹414.84 lakh in FY24 and reached ₹622.78 lakh in FY25, with a further ₹252.89 lakh recorded by July 2025. The EBITDA margin also strengthened from 18.27% in FY23 to 39.40% in FY24, 42.28% in FY25, and 46.86% as of July 2025.

Profit After Tax (PAT) moved from a loss of ₹7.93 lakh in FY23 to a profit of ₹157.53 lakh in FY24 and ₹293.01 lakh in FY25, with ₹146.72 lakh reported up to July 2025. Correspondingly, PAT margins improved from -0.77% in FY23 to 14.96% in FY24, 19.89% in FY25, and 27.19% as of July 2025. The company’s net worth increased from ₹202.13 lakh in FY23 to ₹359.66 lakh in FY24, and further to ₹800.55 lakh in FY25, reaching ₹947.29 lakh by July 2025. Return on Equity (ROE) improved from -3.85% in FY23 to 56.08% in FY24, 49.59% in FY25, and 49.15% as of July 2025. Return on Capital Employed (ROCE) also showed consistent growth, rising from 8.32% in FY23 to 26.64% in FY24, 29.61% in FY25, and 35.70% as of July 2025.

Disclaimer: Shining Tools Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the Prospectus with the Registrar of Companies, on 02^nd November 2025 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of SME BSE at https://www.bsesme.com/PublicIssues/RHP.aspx. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the Prospectus including the section titled “Risk Factors” on page 31 of the Prospectus.

Further, each Applicant where required agrees that such Applicant will not sell or transfer any Equity Shares or create any economic interest therein, including any off-shore derivative instruments, such as participatory notes, issued against the Equity Shares or any similar security, other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable laws and legislations in each jurisdiction, including India.

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Hyderabad (Telangana) [India], November 6: Standard Glass Lining Technology Limited announced its results for the second quarter of FY26, marking another significant step in its evolution from a specialized glass- lined equipment manufacturer to a high-precision engineering and technology solutions leader serving the global pharmaceutical, chemical, biotechnology, food & beverage, and process industries.

SGLTL’s Board of Directors has approved a proposal to rename the Company to Standard Engineering Technology Limited, reflecting its expanded scope and deep capabilities across multidisciplinary engineering. The new identity embodies the Company’s transition from a single-product manufacturer into a comprehensive precision-engineering enterprise, offering design-to-water-trial solutions under one roof.

“This name truly reflects who we have become and where we are heading — a high-precision, concept- to-commissioning engineering company trusted by our customers,” said Mr. Nageswara Rao Kandula, Managing Director.

Despite global shipping reschedules that deferred ₹40–45 crore in export dispatches to Q3–Q4, SGLTL delivered resilient and steady growth, demonstrating operational excellence and financial stability.

Financial highlights for H1FY26

• Total income reported Rs. 366 cr with YoY growth of 17.4%
• EBITDA reported Rs. 69 cr with YoY growth of 9.5%
• Profit After Tax (PAT) reported Rs. 42 cr with YoY growth of 14.6%

Financial highlights for Q2FY26

• Total income reported Rs. 188 cr with YoY growth of 5.6%
• EBITDA reported Rs. 34 cr with YoY decline of 1.8%
• Profit After Tax (PAT) reported Rs. 20 cr with YoY growth of 3.2%

Exports deferred to the later quarters remain firm and are expected to boost overall FY26 performance, positioning H2 FY26 as one of the strongest halves in the Company’s history.

Strategic Growth and Acquisition:

• Acquisition of business of Scigenics (India) Pvt. Ltd- Strengthens the Company’s relevance in biotechnology and high-purity systems, adding 34 years of expertise in bioprocess and fermentation technologies.
• Proposed Acquisition of C2C Engineering Pvt. Ltd.– Integrates process, mechanical, civil, HVAC, electrical, and instrumentation disciplines, enabling concept-to-commissioning turnkey execution — from design and precision manufacturing to automation, installation, and validation, adding nearly 20 years of expertise in design and detailed engineering.

These strategic integrations reinforce SGLTL’s position as a complete engineering solutions provider capable of delivering large-scale global projects with unmatched quality, precision, and speed.

SGLTL continues to lead the world in glass-lined and alloy equipment technologies:

• Shell-and-Tube Glass-Lined Heat Exchangers, developed with Japanese partner GL Hakko, have achieved positive customer recognition for their engineering excellence.
• Conductivity Glass and Stain-Free Glass technologies have set new benchmarks for process safety and durability in critical pharma and chemical environments.

“We have built something truly unique — a company that can design, engineer, precision- manufacture, automate, install, commission, and validate complex projects entirely  in-house,”  added Mr. Kandula.

“Behind every reactor, every exchanger, every engineered system — stand our people, partners, and investors who believe in our vision. Our transformation into a precision engineering enterprise is not just about scale; it is about purpose — to build trust, technology, and tomorrow. Together, we will make Standard synonymous with world-class engineering excellence.” Said Mr. Nageswara Rao Kandula, Managing Director.

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Mumbai (Maharashtra) [India], November 6: Lighting & Fixtures Limited. (NSE–FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, has received an order worth ₹2.89 Cr (exclusive of GST) from PSP Projects Limited.

Key Highlights of the Order

• Order Value: ₹2,88,93,175 (exclusive of GST)
• Client: PSP Projects Limited
• Scope: Manufacture, supply, and delivery of LED lighting and fixtures
• Purpose: To cater to lighting needs in PSP Projects’ developments

The order from PSP Projects Limited adds to the company’s growing portfolio of institutional clients and will support steady revenue flow in the near term. It also reflects the company’s consistent engagement with reputed infrastructure players, strengthening its position in the project-based lighting segment. Looking ahead, the company aims to build on this momentum by executing orders efficiently and expanding its presence across key sectors. The company remains committed to product quality, timely delivery, and sustainable growth through continued participation in large-scale lighting projects.

Commenting on the performance, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said, “Our collaboration with PSP Projects Limited is an encouraging development for us. The order will contribute positively to our business performance and reflects the growing confidence of clients in our lighting solutions. It also opens up further opportunities for us to work with reputed players in future projects. We remain focused on timely execution, consistent quality, and expanding our reach across upcoming projects. With a healthy order pipeline and rising demand for efficient lighting systems, we are confident of maintaining steady growth in the coming quarters.”

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New Delhi [India], November 6: Shreeji Global FMCG Limited, a leading agro-processing and FMCG company, has announced plans to launch its Initial Public Offering (IPO) on the NSE Emerge platform. The public issue, comprising a fresh issue of up to 68 lakh equity shares, is expected to fund the company’s major expansion plans in India and abroad.

From Trading Firm to Agro-Processing Powerhouse

Established in 2018, Shreeji Global FMCG has grown rapidly from a small trading unit into a robust enterprise with two fully integrated manufacturing facilities in Rajkot and Morbi. Its flagship brand “SHETHJI” has become a trusted name in the FMCG market, offering a diverse range of agro-processed products.

The company’s portfolio includes whole spices, ground spices, seeds, pulses, grains, and flour (atta). Popular products such as cumin seeds, coriander, sesame, fennel, groundnut, kalonji, and powders of chilli, turmeric, and coriander are produced under stringent quality standards. Each of these products is handled under defined quality parameters to ensure uniformity in texture, aroma, and shelf life. This integrated process flow enables them to deliver both raw, processed and value-added agriproducts under their own SHETHJI brand and also through white-label packaging.

Strong Growth Momentum

Shreeji Global FMCG has delivered remarkable growth in a short period, with revenue from operations more than doubling from Rs. 25,781.91 lakh to Rs. 64892.12 lakh between FY22 and FY25. Also, till Aug 25, the company reached revenue of 25,039.47 Lakh.  As of August 2025, Shreeji Global FMCG Limited has achieved a net profit of ₹9.20 crore within just five months of the current financial year — a strong testament to its operational efficiency, brand strength, and growing consumer demand across domestic and export markets.

At the upper price band of ₹125 per share, the issue is attractively priced, offering investors entry at a lower Price-to-Earnings P/E of 12.89, making it a good valuation opportunity compared to other listed FMCG peers.

Market analysts and early investors view Shreeji Global FMCG as a potential future multibagger stock, supported by consistent earnings growth, strategic expansion, and robust fundamentals.

The company’s strong business model, diversified product portfolio, and scalable infrastructure make it a promising opportunity for both short-term gains and long-term wealth creation.Today, the company exports to more than 25 countries, contributing significantly to its performance bolstered by its state-of-the-art manufacturing facilities that efficiently meet global demand.  Its efforts towards consistent product quality were also recognized in March 2025 when the SHETHJI brand received a prestigious industry award.

Expansion Plans Backed by IPO Proceeds

The upcoming IPO is aimed at raising funds to scale up operations and strengthen infrastructure. Proceeds will be used for:

• Acquiring new factory premises for expanded production.
• Installing advanced plant and machinery along with modern cold storage.
• Setting up a 1000 KWP rooftop solar power system for energy efficiency.
• Meeting working capital requirements to support sustained growth.

According to the company’s spokesperson, “these initiatives will enhance capacity, reduce costs, and increase efficiency, while also expanding its direct-to-consumer (D2C) footprint.”

Leadership and Vision

The driving force behind Shreeji Global FMCG’s success is Managing Director Jitendra Tulshidas Kakkad, a founder who has guided the company’s strategy since inception with deep industry expertise and sharp business acumen, while Director Vivek Tulshidas Kakkad has been instrumental in strengthening operational infrastructure and shaping a scalable business model.

Speaking on the IPO announcement, Managing Director Jitendra Tulshidas Kakkad, said, “This IPO is a landmark event for Shreeji Global FMCG. The capital raised will allow us to accelerate our strategic growth, invest in quality and technology, and expand our market reach. We believe this move will create long-term value for our shareholders while reinforcing our commitment to delivering premium agro-processed products to consumers worldwide.”

About the Company

Headquartered in Rajkot, Gujarat, Shreeji Global FMCG Limited manufactures and markets a wide range of agro-processed products, including spices, seeds, pulses, grains, and flours, under the “SHETHJI” brand. With a strong presence in domestic and international markets, the company has positioned itself as a reliable and fast-growing player in India’s FMCG sector.

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