Tag: Business

Mumbai (Maharashtra) [India], October 18: The Phoenix Mills Ltd has become the first insured in India to be covered against business interruption losses due to pandemic or epidemic outbreaks based on parametric triggers. The coverage includes loss of revenue and additional extra expenses arising from epidemic events. The policy empowers its different business verticals spread to of Malls, Hotels and Office Assets spread across India, to maintain operational continuity and financial stability in the face of any unforeseen global health crises.

“We experienced the impact of the last pandemic firsthand — our retail outlets remained closed for 5 to 8 months, leading to zero revenue and substantial fixed costs. It was an extremely challenging period, marked by uncertainty and disruption. That experience has left a lasting impact on the financials of many corporates, including ours. This new insurance solution provides us with the assurance that we are now better equipped and more resilient to face such events in the future.,” – Mr Kailash B Gupta, The Phoenix Mills Ltd.

Gallagher, a leading risk management and insurance broking firm, recognized this vulnerability and expressed its keenness to offer an innovative solution by way of a new policy. Acting as both reinsurance and insurance broker, Gallagher structured and placed a tailored risk solution for the Indian market. The broker bridged global reinsurance capacity with local insurance needs, delivering a risk solution that mitigates future disruptions to a certain extent by safeguarding the Company against “Non-Damage Business Interruption (NDBI)” losses. This marks a new chapter in innovative risk management for India.

“Structuring this pioneering pandemic cover reflects our commitment to redefining risk protection in India. At Gallagher, we don’t just place policies—we unlock global capacity, local relevance, and rapid response. In moments of crisis, clients deserve more than coverage; they deserve clarity, speed, and certainty. This solution delivers all three.” – Mr. Puneet Gehani, Chief Broking Officer, Gallagher Insurance Brokers Pvt Ltd, India.

“Poonam and I conducted an in-depth review of the various aspects of the Policy and articulated the nuances of our business to the team of experts at Gallagher. This collaborative exchange played a pivotal role in shaping the overall structure of the Policy.” — Mr. Prashant Khandelwal, Head – Banking & Treasury, The Phoenix Mills Ltd.

This pioneering policy is reinsured by Munich Re’s Epidemic Risk Solutions (ERS) team, leveraging global expertise in pandemic solutions. These solutions are designed to provide swift and transparent payouts based on predefined triggers, indemnifying businesses to recover faster from catastrophic communicable disease outbreaks.

“At Munich Re, we’re proud to launch India’s first Epidemic Risk Solution policy in partnership with New India Assurance, Gallagher and Phoenix Mills — a pioneering step towards pandemic resilience. This product combines the power of parametric with innovation to provide swift financial protection when outbreaks disrupt business operations. This stands as a testimony that as an industry we are ready to move from reaction to preparedness.” – Ms Surbhi Goel, CEO, Munich Re India.

“Collaborating with a global team to introduce advanced insurance frameworks to India has been a deeply fulfilling experience. Pandemic risk, by nature, is systemic unfolding across geographies and sectors in real time. Making it insurable is not just a technical feat, but a redefinition of what insurance can hold. Such risk cannot rest solely on insurers’ balance sheets; it requires a broader financial architecture that converts exposure into investable instruments. By engaging capital markets, we distribute risk more widely and build a stronger, more resilient ecosystem.” — Mr. Ajay Sadana, Head of Origination for Asia, Epidemic Risk Solutions, Munich Re 

New India Assurance, the country’s largest non-life insurer, has officially issued the first Pandemic Insurance policy for Phoenix Mills Ltd under a NDBI package program.

“For over 106 years, The New India Assurance Company Ltd. has been a pioneer and leader in the Indian insurance industry, consistently introducing innovative products to meet emerging risks. The Company takes pride in its milestone contributions, especially in providing insurance solutions during the pandemic, reinforcing its commitment to safeguarding businesses and society.” – Ms Girija Subramanian, CMD of New India Assurance 

The ceremonial handover was held at the prestigious Jio World Convention Centre, marking a pivotal milestone in addressing the insurance protection gap for epidemic-related risks. The event was attended by a distinguished senior delegation from Munich Re, New India Assurance, Gallagher Insurance Brokers, and Phoenix Mills Ltd, with representatives from offices in India, Singapore, and Munich. The presence of key leaders—including Ms. Kasturi Sengupta, Executive Director of New India Assurance; Ms. Surbhi Goel, CEO of Munich Re India; Dr. Gunther, Global Head of Epidemic Risk Solutions, Munich Re Germany; and Mr. Ajit Horra, Managing Director of Gallagher Insurance Brokers—underscored the strategic significance and collaborative spirit driving this groundbreaking initiative

For further information please contact:

Ishani Doshi

Chief Marketing & Communications Officer, India

M: 91 9920886659

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New Delhi [India], October 17: Haveus Aerotech, a pioneering leader in the Indian aviation industry, has proudly announced a landmark expansion of its grand entry into India’s dynamic defence sector on the auspicious occasion of Diwali. The company has been officially approved and added to the existing operational scope as a sub-contractor with a leading Defence Public Sector Undertaking (PSU), marking a major stride toward strengthening India’s self-reliant aerospace ecosystem.

This milestone collaboration reflects Haveus Aerotech’s unwavering commitment to the Hon’ble Prime Minister Shri Narendra Modi’s ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives, which have been empowering indigenous capabilities, creating skilled employment and bolstering the country’s defence readiness. Under the new operational scope, Haveus Aerotech will undertake Assembly and Testing of Line Replaceable Units (LRUs) and Non-Destructive Testing (NDT) through insourcing, critical functions that play a pivotal role in ensuring aerospace reliability, performance and safety.

The company’s existing work in painting of aircraft components has now been expanded to encompass these high-precision activities, reinforcing its position as a trusted partner in advanced aerospace manufacturing and Maintenance, Repair, and Overhaul (MRO) services. It already operates successful MRO facilities in North and South India, and with upcoming facilities in Mumbai and Kolkata, Haveus Aerotech aims to deliver quicker turnaround times and unmatched service quality to airlines across the country and globally.

“This approval marks a defining chapter in Haveus Aerotech’s journey. By expanding our operations into assembly, testing, and NDT for defence platforms, we are deepening our contribution to India’s aerospace self-reliance. In just 10 years, Haveus Aerotech has made incredible strides in delivering high-quality MRO services across India’s expanding aviation sector. This is just the beginning. We remain committed to delivering world-class quality, safety, and innovation across every project,” said Anshul Bhargava, Chairman & Managing Director, Haveus Aerotech.

The registration further reinforces Haveus Aerotech’s credibility and technical competence in delivering complex aerospace solutions that meet stringent quality and regulatory standards. Coordination with Defence Quality Assurance authorities will ensure all assembly and testing activities are executed with the highest precision and compliance.

As India’s aerospace ambitions continue to soar, Haveus Aerotech stands ready to power this growth through advanced technologies, skilled talent, and a steadfast focus on quality and reliability

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Mumbai (Maharashtra) [India], October 18: Connplex Cinemas Limited (NSE- CONNPLEX | INE0EAS01014), one of India’s fastest-growing entertainment companies redefining movie experiences through innovation and comfort, has announced the launch of two new properties — a 3-screen cinema with 208 seats in Jajpur, Odisha and a 2-screen cinema with 268 seats in Sangamner, Maharashtra.

With these additions, Connplex’s operational footprint now stands at 88 screens across 33 properties in 25 cities and 9 states, offering a total of 7,307 ultra-comfort seats nationwide. The latest expansion follows a strong streak of openings in Hyderabad, Bharuch, Anand, and Gurugram, further strengthening the company’s presence across key growth markets.

Accelerating Expansion Across India

The Jajpur property expands connplex’s presence in eastern India, while the Sangamner cinema reinforces its foothold in Maharashtra — one of the company’s largest and fastest-growing markets.

Both properties are equipped with advanced Dolby 7.1 surround sound systems, 2K & 3D Screen, and luxury recliner seating, designed to deliver an immersive and comfortable viewing experience. These launches reflect Connplex’s focused strategy of building a premium yet affordable cinema network across Tier-2 and Tier-3 cities as well as select metro locations.

Commenting on the Development, Mr. Rahul Kamleshbhai Dhyani, Joint Managing Director of Connplex Cinemas Limited said: “Our latest openings in Odisha and Maharashtra mark another milestone in Connplex’s nationwide growth journey. We are scaling rapidly, entering new geographies, and strengthening our brand presence across India. With 88 screens now operational and several more under development, we remain committed to offering audiences world-class cinema experiences while continuing our mission to make premium entertainment accessible to all.”

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New Delhi [India], October 17: Hafele introduces its new range of Digital Door Locks, combining modern design with advanced security to create a seamless smart living experience. The collection features four unique models: Infinity, Horizon, Zenith, and Nova, each designed to meet varied user needs while enhancing the aesthetics of any space.

These new digital locks range by Hafele offer keyless entry through PIN code, RFID card, fingerprint, or smartphone, these locks bring convenience and control to your fingertips. It has advanced features such as auto-locking, remote access, and detailed activity logs ensure complete safety and access management. The range also includes palm vein scanning and face recognition systems that accurately identify authorized visitors, while Wi-Fi and Bluetooth connectivity, compatibility with video door phones, and an integrated digital viewer add an extra layer of convenience.

A loitering detection system alerts homeowners if someone lingers near the door for too long, enhancing security. The elegant LED panel displays lock status in distinct colours, reflecting Hafele’s attention to both design and functionality. These locks feature a unique lock panel with LED lighting which apprises you of the status of the lock. Flashing the LED light in 3 colours – red, green and blue, this lock seamlessly communicates whether the operation was unsuccessful, successful or if the lock is in programming mode, respectively. Hafele’s latest digital locks have LED that remains ON in blue colour, indicating whether the lock is powered ON/OFF, all while adding to the premium aesthetics.

With its sleek glass finish, capacitive touch screen, and advanced digital features, Hafele’s new Digital Door Lock range offers a premium, reliable and intelligent security solution for modern homes and offices. Customer Care Toll Free: 1800 266 6667

Established as a wholly owned subsidiary of Hafele Global network, Hafele India has been operating in India since 2003. An authority in the field of architectural hardware, furniture and kitchen fittings and accessories, the company also has a strong presence in synergized product categories like Home Appliances, Interior and Furniture Lighting, Sanitary Solutions, and Surfaces positioning itself as a complete solution provider for interior solutions in India and South Asia. Hafele India has a strong nation-wide presence through its offices and design showrooms spread across the country. The showrooms function as a one-stop-shop for all home interior and improvement needs – from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.

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New Delhi [India], October 16: The story of Jagdish Nainwal is a powerful testament to how ambition, coupled with world-class education and strategic acumen, can propel an individual from a small-town background to the pinnacle of global corporate leadership. Currently steering the UPL Corp as a Global Chief Marketing Officer, one of the world’s largest agricultural solutions companies, Nainwal’s career is a blueprint for aspiring business leaders.

Key Highlights of Jagdish Nainwal’s Profile:

• Current Role: Global Chief Marketing Officer (CMO) and Global Head of Natural Plant Protection (NPP) for UPL Corp.
• Origin: Jaipur, India
• Education: MBA in Agribusiness Marketing (College of Agribusiness Management, Pantnagar); Harvard Business School Alumnus.
• Core Expertise: Marketing Management, Agrochemicals, International Business, Business Planning, and Business Development.
• Previous Leadership: Global Chief Marketing Officer & Head of Global NPP Business Unit, UPL.
• Industry Contribution: Founder, President & Board Member, India Mexico Trade and Commerce Council (INDMEX).
• Jagdish Nainwal’s journey from Jaipur to becoming a key decision-maker in a multinational corporation is an inspiring narrative of dedication, strategic vision, and global leadership. He continues to be an influential figure

Hailing from the historic city of Jaipur, India, Jagdish Nainwal’s journey began with a strong foundation in agribusiness. He is an alumnus of the prestigious College of Agribusiness Management in Pantnagar, where he earned his MBA with a focus on Marketing. This solid grounding in the core principles of agriculture and business provided the launchpad for his remarkable career.

His professional trajectory is marked by a series of strategic roles that honed his expertise in sustainable agriculture, and with his Indian as well as global experience in agriculture, he is making a strong positive impact on the global farming community. His areas of expertise include Marketing Management, Market Planning, Agrochemicals, and International Business. These skills were pivotal in his ascent to the role of Global Chief Marketing Officer and Head of the Global NPP (New Product Portfolio) Business Unit at UPL, where he was responsible for shaping the company’s global market strategy and driving innovation.

A significant milestone in his lifelong learning journey was his time at Harvard Business School. As an alumnus, he fortified his strategic thinking and global perspective, enabling him to navigate the complexities of the international chemicals and agrochemicals industry with exceptional skill.

Today, as Global Chief Marketing Officer (CMO) and Global Head of NPP business, Mr Nainwal is responsible for one of the most critical agricultural markets in the world. He oversees comprehensive business operations, driving growth, market penetration, and sustainable agricultural practices across the region.

He was invited by the Government of India to the Pravasi Bharatiya Divas in Odisha on 9 January 2025, where, as a panel speaker, he was able to share with his home country how sustainability in agriculture makes farmers more resilient and adds value in the global society.

Beyond his corporate achievements, Jagdish Nainwal is a fervent advocate for strengthening international trade ties. He serves as the Founder President & Board Member of the India Mexico Trade and Commerce Council (INDMEX) with the help of the Indian Embassy, where he actively works to foster bilateral economic relationships and create opportunities for businesses in both nations.

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New Delhi [India], October 15: As twilight settles and the first diya flickers to life, the world begins to glow in soft gold. The air is filled with the scent of incense and marigold. The laughter of families carries through the evening, and hearts feel lighter. This lightness comes not only from celebration, but also from connection.

For author and thought leader Chet Kamal Parkash, Diwali is more than just a festival. It is a journey that reminds us light is not only something we see, but something we become.

“Every lamp we light,” he says, “is a promise — a promise to shine, to grow, and to lift others along the way.”

The Inner Lamp of Awareness

Chet Kamal Parkash believes the true essence of Diwali lies in introspection. “Lighting diyas outside is beautiful,” he reflects, “but lighting awareness within ourselves brings real transformation.”

He describes lighting a diya as a moment of quiet meditation. It offers a brief pause to turn inward. “The flame teaches us silence,” he explains. “It remains still even in strong wind. Our minds must learn to glow with the same steadiness when life becomes difficult.”

To him, Diwali is not just about removing darkness. It is about understanding that light and darkness exist together. Wisdom comes from learning to keep the flame alive in both moments of joy and challenge.

A Celebration of Connection and Compassion

What moves the author most about Diwali is the quiet sense of togetherness it creates. Sharing sweets, laughing with neighbours, and exchanging gifts all become simple expressions of belonging.

“Festivals were never meant to be extravagant,” he says. “They are meant to remind us that joy grows when it is shared.”

He sees Diwali as a reminder that one diya’s glow is incomplete until it lights another. “True happiness,” he adds, “does not come from the light that surrounds us. It comes from the light we spread.”

Rituals That Carry Meaning

Every tradition, according to Chet Kamal Parkash, holds a deeper message. We only need to slow down and listen.

“When we clean our homes before Diwali,” he says, “we are not just removing dust. We are letting go of old energy, past emotions, and outdated patterns.”

He believes that this act of renewal is the true preparation for light. “A lamp cannot shine in a room full of clutter,” he explains. “In the same way, a soul cannot shine when burdened by anger, guilt, or resentment.”

For him, the rituals of Diwali are not just about decoration. In lighting lamps, exchanging sweets, and gathering with loved ones, we discover timeless wisdom hidden in celebration.

Stillness within the Light

Even amid the joy and music of celebration, the author reminds us of Diwali’s quieter moments. “When the lamps are lit and the world is filled with joy, there is a brief moment when time feels still,” he shares.

That stillness, he says, is where gratitude lives. It is the space where we remember our journey and all the grace that brought us to this point.

In his writings, he often describes Diwali as a festival of inner peace, hidden beneath outward sparkle. He encourages people to sit quietly for a few minutes, to observe the flame, feel its warmth, and listen to their breath.

“That,” he says, “is the true celebration. It is the meeting point of awareness and light.”

Ancient Light in a Modern World

In today’s fast-moving world, Chet Kamal Parkash sees Diwali as more relevant than ever. “We live surrounded by brightness,” he observes, “yet many people feel dim inside.”

His message is simple and powerful.

“Slow down. Do not just decorate your space. Decorate your spirit. Do not just light lamps. Light intentions.”

He believes that reconnecting with the deeper meaning of festivals can help us recover from the weariness of modern life. “Each celebration is a moment to pause, reflect, and begin again. Not with noise, but with clarity.”

Diwali as a Reflection of the Human Spirit

Chet Kamal Parkash sees Diwali as a reflection of our inner world, revealed when we pause and step away from routine and rush. “When the lights come on, we see joy around us. But the festival also invites us to look within and recognize the truth of who we are.”

To him, every diya represents courage, humility, and renewal. “They remind us that strength is not about never burning out. It is about learning to relight ourselves when needed.”

Each flickering flame is an invitation to forgive, to reconnect, and to start anew. “The true glow of Diwali,” he says, “is not in the fireworks. It is in the quiet spark that tells us we can begin again.”

A Message of Light

As the lamps shine on balconies and courtyards, the author leaves readers with a message as radiant as the night itself:

“Light a lamp not for luck, but for learning.
Light one not just for prosperity, but for peace.
And light one for every soul you wish to uplift.
Your glow may be the light someone else is waiting for.”

He believes that if each of us chooses to live like a diya — steady, kind, and generous — the world will never run out of hope.

“The real victory of light,” he concludes, “is not when darkness disappears. It is when we stop being afraid of it.”

As the night deepens and thousands of diyas glow gently in the distance, his words linger — calm, meaningful, and full of light.

Diwali, as he reminds us, is not just a date on the calendar.
It is a state of being. A choice to awaken, to lift others, and to live with light.

About the Author

Chet Kamal Parkash is a celebrated author and insightful thought leader whose work explores human connection, purpose, and the ongoing journey of learning. His reflections invite readers to find meaning in daily life and approach growth with an open heart.

Author | Thinker | Lifelong Learner
Instagram: @chetkamalparkash

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New Delhi [India], October 17: With over a century of expertise in premium home solutions and innovative kitchen technologies, Hafele continues to set benchmarks in design, functionality, and performance. Staying true to this legacy, Hafele introduces the Cronus Digi-Step Hobs, a breakthrough in modern gas hob technology that seamlessly blends advanced functionality with sophisticated design. Crafted for the contemporary kitchen, Hafele’s Cronus Digi-Step Hobs deliver the perfect balance of precision, safety, and style, redefining everyday cooking experiences.

Equipped with Digital Multi Timers, each burner can be individually timed for different dishes, allowing for greater convenience and control. The innovative Graduated Flame Technology offers multiple flame levels, enabling users to achieve perfect cooking results every time.

For added safety and comfort, the hobs feature Insta Ignition and a Flame Failure Safety Device, ensuring reliable and secure operation. Built with high-quality brass burners and fully sealed technology, the Cronus Digi-Step Hobs promise long-lasting, maintenance-free performance.

Aesthetically, Hafele enhances the Cronus Digi-Step Hobs with premium metal knobs featuring a sleek gunmetal finish and grooved edges for improved grip and heat resistance. The elegant 8mm tempered glass cooktop with beveled edges, paired with a modern 7-segment digital display and touch controls, creates a seamless fusion of style and innovation that elevates the look of any kitchen.

Available in 3-burner, 4-burner, and 5-burner models, Hafele’s Cronus Digi-Step Hobs feature specialized burners like the 5kW Dual Function Wok Burner for high-intensity cooking, the Medium Wok Burner for everyday use, and the Dual Ring Burner for slow, delicate preparations, each designed to deliver maximum versatility and performance.

With the Cronus Digi-Step Hobs, Hafele brings innovation, safety, and style together to enrich the cooking experience.

https://www.hafeleindia.com/en/info/service/contact-us/410/ to find the nearest

Established as a wholly owned subsidiary of Hafele Global network, Hafele India has been operating in India since 2003. An authority in the field of architectural hardware, furniture and kitchen fittings and accessories, the company also has a strong presence in synergized product categories like Home Appliances, Interior and Furniture Lighting, Sanitary Solutions, and Surfaces positioning itself as a complete solution provider for interior solutions in India and South Asia. Hafele India has a strong nationwide presence through its offices and design showrooms spread across the country. The showrooms function as a one-stop shop for all home interior and improvement needs – from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.

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Mumbai (Maharashtra) [India], October 17: Paramotor Digital Technology Pvt Ltd, a SaaS-based fintech, announced the launch of yayyy.shop a direct-to-consumer platform aimed at transforming how India approaches digital gifting.

yayyy.shop brings together over 250 national and international brands across fashion, food, lifestyle, entertainment, and travel categories. The platform enables users to purchase digital gift cards at special discounted prices, allowing them to pay less while receiving the card’s full face value, offering consumers a blend of convenience, flexibility, and savings.

Unlike conventional gifting platforms that see activity only during festive peaks, yayyy.shop encourages everyday, choice-based gifting, enabling users to purchase for themselves or others anytime. What sets it apart, is its India-first approach. Recognizing that digital convenience has largely remained metro-centric, Paramotor has built yayyy.shop to reach Tier 2 and beyond, making digital gifting and payments more accessible, inclusive, and affordable for millions of new-age consumers.

“In India, many digital innovations start strong but don’t always reach the audiences they’re meant to serve,” said Sonia Asher, Co-founder and Director of Paramotor Digital Technology. “Our goal with yayyy.shop is to make digital gifting more inclusive and accessible. What began as an offline initiative has now evolved into a platform that extends the benefits of digital convenience beyond metro cities.”

With yayyy.shop, Paramotor strengthens its footprint in India’s fast-evolving consumer fintech ecosystem, combining its technology and purpose to make digital gifting simple, affordable, and truly inclusive.

About Paramotor Digital Technology:
Founded in 2016, Paramotor Digital Technology Pvt. Ltd. is a SaaS-based fintech company providing spend management solutions for direct-to-consumer segment, digital gifting, rewards and loyalty platform for businesses. Recognized under the Start-up India (DPIIT) program, Paramotor serves over 20 million customers through its network of gifting and payment products, contributing to India’s growing digital commerce ecosystem.

yayyy.shop: www.yayyy.shop

Website: www.paramotordt.com

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Chennai (Tamil Nadu) [India], October 17: Sathlokhar Synergys E&C Global Limited (SSEGL), a Chennaibased EPC Turnkey construction company delivering integrated turnkey infrastructure solutions across industrial, commercial, institutional,healthcare sectors, & solar continued its strong growth momentum during the first half of FY26. The period was marked by multiple highvalue project wins from marquee global and Indian clients, a credit rating upgrade from India Ratings & Research, and a successful preferential fundraise to support future scalability and operational excellence.

Healthy Order Book and Pipeline

• Order Book (as of 30 Sept 2025): ₹1200+ Cr (Under Execution)

• Bid Pipeline: ₹12,800+ Cr worth of projects under evaluation

• Execution Visibility: 06 to 09 months with strong H2 ramp up expected

Robust Order Inflow

During H1 FY26, Sathlokhar Synergys E&C Global Limitedachieved a record order inflow of approximately ₹830 Cr, securing 12 major EPC contracts across industrial, warehousing, and commercial infrastructure projects. These projects reflect the company’s growing national footprint and trust among leading domestic and international clients.

Key Orders Secured in H1 FY26:

• ₹338.36 Cr: Reliance Consumer Products Ltd. (RIL Group): Civil and PEB works for beverage manufacturing facility, Andhra Pradesh

• ₹219.22 Cr: Ceylon Beverage Can Pvt. Ltd. (Sri Lanka Group): Civil, PEB, MEP, and Solar works, Karnataka

• ₹136.99 Cr + ₹33.71 Cr + 3.75 Cr: High Glory Footwear India Pvt. Ltd. (Pou Chen Group, Taiwan): Civil, PEB, and MEP works for multiple factory and commercial buildings, Tamil Nadu

• ₹30.31 Cr: MWM Spaces Pvt. Ltd.: Civil and PEB works for factory building, Andhra Pradesh

• ₹18.76 Cr: Grand Atlantia Panapakkam SEZ Developers Pvt. Ltd.: Civil, PEB, and MEP infra works, Tamil Nadu

• ₹13.72 Cr: Vishnu Chemicals Ltd.: Civil works for chemical manufacturing facility, Andhra Pradesh

• ₹12.69 Cr: Almonard Pvt. Ltd.: Civil, Plumbing, and Electrical works, Tamil Nadu

• ₹12.39 Cr: Karaikal Iyangars Foods Ltd.: Civil, PEB, and MEP works, Puducherry

• ₹10.37 Cr: Komatsu India Pvt. Ltd.: Civil works for canteen building, Tamil Nadu

• ₹6.20 Cr: Mudhra Fine Blanc Pvt. Ltd.: Civil works for auto components unit, Tamil Nadu

• ₹4.95 Cr: Freetrend Industrial India Pvt. Ltd. (Dean Shoes Group): Electrical works, Tamil Nadu

• ₹3.95 Cr: Thaai Casting Limited: Execution of Civil & PEB works.

• ₹3.26 Cr: Toyota Kirloskar Motor Pvt. Ltd.: Civil, Electrical, and Firefighting works, Karnataka

Collectively, these contracts enhance Sathlokhar’s presence across Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Odisha, Uttar Pradesh and Puducherry, strengthening its reputation as a preferred EPC partner for global manufacturing and industrial clients.

Credit Rating Upgrade

In July 2025, India Ratings & Research upgraded SSEGL’s credit profile:

• Long Term Rating: Upgraded from IND BBB to IND BBB+ (Stable)

• Short Term Rating: Upgraded from IND A3+ to IND A2

The upgrade reflects the company’s robust financial performance, steady order inflows, efficient execution track record, and prudent working capital management.

Preferential Fundraise to Strengthen Financial Base

In September 2025, the Board approved a ₹114 Cr preferential issuecomprising equity shares and convertible warrants:

• ₹95.93 Cr through 19,90,200 equity shares to non-promoter investors at ₹482 per share

• ₹18.08 Cr through 3,75,000 fully convertible warrants at ₹482 per share

This capital infusion enhances liquidity, supports working capital requirements, and empowers the company to scale operations across new sectors and geographies, reinforcing investor confidence in Sathlokhar’s long term vision.

Future Direction

• Geographical Expansion: Strengthen presence across southern and western India, with a growing footprint in Andhra Pradesh, Karnataka, and Maharashtra.

• Sectoral Diversification: Deepen presence across industrial, commercial, institutional, and healthcare infrastructure projects.

• Sustainable Infrastructure: Expand solar EPC and energy efficient design capabilities as part of a broader green infrastructure strategy.

• Digital and Operational Efficiency: Adopt advanced ERP systems and site automation tools to improve cost control, tracking, and execution speed.

• Global Client Relationships: Continue to attract global manufacturing clients from Japan, Taiwan, and Europe through quality, speed, and reliability.

• Governance and Transparency: Strengthen corporate governance, ESG practices, and investor communication in line with its listed status.

On the performance of H1 FY26, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited said, “The first half of FY26 has been transformative for Sathlokhar, marked by record order inflows, marquee client additions, and enhanced credit standing. Importantly, this period also marks the completion of one year since our listing on the stock exchange a milestone that reflects how far we have come in a short span. Since the IPO, the company has grown exponentially in scale, client base, and execution capabilities, solidifying our position as one of India’s fast emerging EPC players.

With a strong execution pipeline and diversified capabilities, we are well positioned to deliver sustainable growth while maintaining operational discipline. Our focus remains on strengthening client trust, expanding geographically, and delivering turnkey EPC solutions that embody quality, efficiency, and innovation.”

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Ahmedabad (Gujarat) [India], October 17:  Oben Electric, India’s homegrown, R&D-driven electric motorcycle manufacturer, today announced its expansion plans for Gujarat, with 10 new showrooms and service centers set to open in 2026 across Ahmedabad and key cities including Vadodara, Surat, Rajkot and Jamnagar. The expansion follows the strong customer response to Oben Electric’s next-generation city commuter, the Rorr EZ Sigma, which has emerging as a preferred choice among daily riders seeking performance, reliability, smart features, and a sporty design.

Oben Electric currently operates a showroom in Memnagar, Ahmedabad, featuring an Oben Care service centre with platinum-certified technicians. The company’s growing retail presence underscores its commitment to making premium commuter electric motorcycles easily accessible to customers across India.

Speaking at a media session at Oben’s Memnagar showroom, Mr. Sagar Thakkar, Co-Founder & CPO, Oben Electric, said, “The positive response we have received for Rorr EZ Sigma reinforces our belief that urban commuting is evolving towards electric motorcycles designed to meet the needs of daily commuters.  Rorr EZ Sigma delivers effortless performance and the right balance of power, practicality, and connectivity for everyday riding. The encouraging response from customers in Gujarat has further strengthened our commitment to expand across key cities like Vadodara, Surat, Rajkot and Jamnagar, as we work towards making EV motorcycles more accessible for riders across the country.”

The Rorr EZ Sigma, priced from ₹1.29 lakhs, comes in 3.4 kWh and 4.4 kWh variants, offering up to 175 km range, three ride modes—Eco, City, Havoc—and a top speed of 95 km/h. Its patented LFP battery ensures 50% higher heat resistance and 2x lifecycle, while features like reverse mode, a 5-inch TFT display with navigation and smart alerts, and an ergonomic seat enhance daily commuting. Bookings start at ₹2,999; Rorr EZ Sigma is also available on Amazon and Flipkart with additional card discounts.

To celebrate the festive season, Oben Electric’s Mega Diwali Utsav offers customers benefits worth up to ₹35,000. This includes a ₹20,000 launch discount already factored into the pricing, cashback of up to ₹10,000, an assured gold coin with every purchase, and a chance to win the latest iPhone. Beyond Ahmedabad, Oben Electric has 50+ showrooms nationwide, including Karnataka, Maharashtra, Delhi, Jaipur, Amritsar, Hyderabad, Kochi, and Lucknow, and is on track to reach 150 showrooms and service centres by FY-end.

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