Tag: Business

Hyderabad (Telangana) [India], May 26: Standard Glass Lining Technology Limited (SGLTL), one of India’s leading high-end equipment manufacturers for the pharmaceutical and chemical industries, today announced its audited financial results for the fourth quarter and full financial year ended March 31, 2025. Standard Glass is a complete engineering solutions provider for the pharma and chemical sectors. We are a super brand for pharma and chemical high-end process equipment and an end-to-end solution provider for both industries. 

The company has delivered a solid performance, underpinned by strong revenue growth, robust margins, and key strategic developments that position it for continued future growth. 

Key Financial Highlights 

FY25 (Full Year) Performance 

• Total Income: Rs 626 Crs, up 13.9% YoY 
• EBITDA: Rs 120 Crs, up 18.6% YoY; EBITDA margin improved to 19.1% 
• Profit Before Tax (PBT): Rs 94 Crs, up 17.2% YoY 
• Profit After Tax (PAT): Rs 69 Crs, up 14.4% YoY; PAT margin improved to 11% 

Q4 FY25 (Quarterly) Performance 

• Total Income: Rs 171 Crs, up 19.7% QoQ 
• EBITDA: Rs 28 Crs; EBITDA margin at 16.6% 
• PBT: Rs 22 Crs, up 3.1% QoQ 
• PAT: Rs 16 Crs, up 3% YoY; PAT margin at 9.6% 

Note: A significant export order was delayed due to a delay in obtaining an export license and delay in receipt of final approvals from overseas customers. The manufacturing process was completed on schedule, and the order was prepared for dispatch but could not be shipped due to the above. It is expected that this order will be shipped in the first quarter of FY26. 

Capex & Expansion Plans 

• Planned Capex: Rs 130 Crs over the next 2-3 years
• Total expansion: 5.5 lakh sq. ft.
• Existing capacity: 60-ton crane, 60mm thickness fabrication
• Enhanced capability facility: Existing facilities have a 60-ton crane, and can handle up to60mm thickness fabrication, enhanced capabilities to include 100-ton crane, 100mm thicknessfabrication capability – enables entry into global heavy engineering opportunities
• Currently 5 welding robots; planning to increase multi-fold

Driving automation, mechanisation, quality, and productivity. Facilities being upgraded to global standards with automated and/or mechanised fabrication lines. These investments will unlock high-value opportunities, enhance product innovation, and fortify SGLTL’s global leadership.

Mr. Nageswara Rao Kandula, Managing Director, Standard Glass Lining Technology   commented: “FY25 was a defining year for Standard Glass. Despite the deferred exports, we achieved double-digit growth across all key metrics. This gives us a strong head start for FY26 and shows the resilience and scalability of our model. 

We are entering an exciting growth phase, driven by new technologies and high-performance equipment for regulated global markets. Our partnerships with GL Hakko Japan and IPP USA are translating into real commercial traction. With a robust order book, new product lines, and continued investment in infrastructure and innovation, the future of SGLTL is bright and transformational.”

Strategic Milestones 

Landmark Partnership with AGI Group, Japan 

• Signed a 20-year strategic partnership with AGI Group and GL Hakko (Japan) 
• SGLTL will exclusively manufacture and market shell and tube glass-lined heat exchangers – first time outside Japan 
• 150 advance domestic orders secured ahead of the mechanised facility launch in Q4 FY26 
• Initial capacity: 200 units/month in steady state 
• Addressable market: Latent market size is estimated to be Rs 2,000 Cr at current prices in India, $2 billion globally 
• Standard Glass holds exclusive global supply rights (excluding Japan) 

This development represents a significant inflection point for the pharmaceutical and chemical heat exchange industry — positioning Standard Glass to capitalize on a high-growth opportunity and strengthen its leadership in a critical niche

Inauguration of Unit-5 

• Standard Glass Commissions Unit-5 to Expand Capacity and Streamline Operations 
• Standard Glass is pleased to announce the successful commissioning of Unit-5, a state-of-the-art manufacturing facility spread across over 100,000 sq. ft, developed as part of our ongoing strategic capacity expansion plan. This milestone significantly augments our production capabilities to meet rising domestic and international demand across key sectors, including pharmaceuticals and specialty chemicals. 
• In line with our focus on operational efficiency and footprint optimization, the entire operations of Unit-2—previously located at Plot No. 1, Apuroopa Township, Jeedimetla, Hyderabad – 500055, Telangana, and spanning approximately 38,000 sq. ft—have been fully relocated and integrated into Unit-5. This consolidation enables streamlined workflows, improved cost efficiencies, and better scalability to support long-term growth. 
• This expansion reinforces our commitment to delivering value to stakeholders through strategic investments in infrastructure and capability enhancement. 
• This relocation and operational consolidation are expected to: 
• Improve overall operational efficiency 
• Expand our production capabilities 
• Optimize resource utilization

This strategic move strengthens our ability to deliver high-quality products in a timely manner while supporting future growth.

Exclusive Supply Agreement with Gale Process Solutions LLC (USA) 

We are pleased to announce that our material subsidiary, M/s. S2 Engineering Industry Private Limited, has entered into an exclusive and long-term supply and purchase agreement with Gale Process Solutions LLC, an affiliate of International Process Plants and Equipment Corporation (IPP), USA. The agreement was executed on March 10, 2025, and became effective on the same day. 

Under this agreement, S2 Engineering will export, sell, and supply stainless steel, carbon steel, and nickel alloy-based products—manufactured at its facilities—to Gale Process Solutions LLC’s customers across specified international markets. 

This strategic partnership marks a significant step in our global growth strategy, offering enhanced access to key international geographies and strengthening our position as a trusted supplier in the global process equipment and engineered systems space.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Mumbai (Maharashtra) [India], May 26: Angie Homes, a name synonymous with unparalleled luxury and impeccable craftsmanship in interior design industry unveils an exquisite range of new soft furnishings collection, featuring opulent towels, elegantly crafted curtains, traditional carpets, royal upholstery, and bespoke décor that will transform the homes with cohesive and unique interior designs.

The curtain of beautiful grey throws and blankets, Albany beige and brown linen bed set, Ikat inspired carpets, mint green velvet curtains, sunset meadow carpet, regal heritage carpets, lush red satin curtains, Egyptian cotton bath towels, echo bath towels, and many more elevates your spaces I the most sumptuous and lavish way.

“The launch of our new soft furnishings collection is a testament to Angie Homes commitment to offering a complete range of luxury home décor solutions. From classic to contemporary, these new additions will perfectly complement our existing collections, allowing elegance and flair.”

Anjaleka Kripalani, the founder, promoter, and interior architect, affectionately known as Angie, broke through the conventional barriers in interior design 24 years ago. With a background in interior architecture, she has since become an influential figure in the industry. She launched Renaissance Homez, which brought international luxury brands like Baker, Bernhard & Lexington under one roof. To her credit are noted clients like Goenka’s, Jindal’s, Raheja’s, as well as noted hospitality names like Taj, JW Marriott, Lalit, Select Hotels to name a few.

Angie Homes’ heritage is woven into every product. From timeless Persian masterpieces crafted in rich hues and intricate designs to a vibrant spectrum of majestic Rajasthani and Kashmiri heritage, the furnishing promises to enrich everyday luxury with premium materials and sophisticated designs.

Angie Homes has introduced its new mobile app for home shopping, gifting and many more.

Price Range –

• Available At – https://angiehomes.co/
• Download Google Play : https://play.google.com/store/apps/de…
• Download App Store : https://apps.apple.com/us/app/angie-h…
• You tube – https://www.youtube.com/@AngieHomes

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

New Delhi [India], May 26: Blue Water Logistics Limited has announced its plan to go public with an Initial Public Offering (IPO) on Tuesday, 27 May 2025, to Thursday, 29 May 2025, aiming to raise up to ₹ 40.50 Crores with shares to be listed on the NSE Emerge (SME platform of NSE). The issue is ₹ Up to 30, 00,000 Lakhs equity shares at a face value of ₹ 10 each.

IPO DETAILS:

IPO Date	May 27, 2025 to May 29, 2025
Listing Date	Tuesday June 3, 2025 (Tentative)
Face Value	₹ 10 per share
Price Band	₹ 132 to ₹ 135 per share
Lot Size	1,000 Shares
Total Issue Size	30,00,000 shares (aggregating up to ₹ 40.50 Cr)
Fresh Issue	30,00,000 equity shares (aggregating up to ₹  40.50 Cr)
Offer for Sale	Not Applicable
Issue Type	Book Built Issue
Listing At	NSE Emerge
Shareholding Pre-Issue	80,00,000  shares
Shareholding Post Issue	1,10,00,000  shares
Market Maker Portion	1,56,000  shares Shreni Shares Limited

 IPO Reservation:

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Limited IPOObjects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue  towards funding the following objects:

1. Funding of capital expenditure requirements by the purchase of Vehicles and their body building
2. Funding the working capital requirements of the Company
3. General corporate purposes

Smart Horizon Capital Advisors Private Limited is the book-running lead manager of the Blue Water Logistics IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Blue Water Logistics IPO is Shreni Shares Limited.

Mr. Laxmi Narayan Mishra, Chairman & WholeTime Director, said, “We see this as an Opportunity to not only grow the company but also contribute to a more sustainable future. We are excited about this new phase of development and are grateful to NSE  for offering us the NSE Emerge platform to list our Company.

Highlights:

• Total Issue Size – 30, 00,000 equity shares (aggregating up to ₹ 40.50 Cr.)
• 100 % Book Built Issue
• Price Band – ₹132- ₹135 Per Share
• Lot Size – 1000 Equity Shares

 About Blue Water Logistics Limited:

Incorporated in April 2010, Blue Water Logistics Ltd provides logistics and supply chain solutions. The company’s primary services include freight forwarding, customs clearance and transportation handling services.

The company provides comprehensive project logistics and supply chain management (SCM) across air, sea, and land transport, focusing on tailored solutions for client needs, including cargo pick-up, customs clearance, and delivery, offering a complete suite of logistics services.

The company has five branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane.

The company serves customers in confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment.

As of March 31, 2025, the company has 25 commercial vehicles for various transportation needs.

Financials

For the period ended on March 31, 2025, March 31, 2024 and March 31, 2023, our Company has earned revenue from operations of ₹ 19,618.04 Lakhs, ₹ 13,867.37 Lakhs, ₹ 18,265.14 Lakhs.

Respectively. Our Profit After Tax (PAT) for the period ended on March 31, 2025, March 31, 2024 and March 31, 2023, were ₹  1,067.08 Lakhs, ₹ 594.05 Lakhs and ₹ 258.37 Lakhs, respectively.

Disclaimer: Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, such as government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

New Delhi [India], May 26: Haryana based pharmaceutical and cosmetic products manufacturer, Astonea Labs Ltd is planning to raise Rs. 37.67 crore from its SME public issue. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on May 27 and closes on May 29. Oneview Corporate Advisors Private Limited is the lead manager of the issue.

Company plans to issue 27.90 lakh Equity shares of Rs. 10 face value at a price band of Rs. 128- Rs. 135 per share; Shares to list on BSE SME

Highlights:-

• Fresh Public issue of Rs. 37.67 crore opens for subscription from May 27 to May 29
• Minimum lot size for application is 1000 shares; Minimum IPO application amount at the higher side of this issue is Rs. 1.35 lakh
• Funds raised through the issue will be used for Expenses, Business & Capacity Expansion, Advertising & Marketing, Investment in procuring hardware and software and Funding Capital Expenditure
• For FY23-24 company reported revenue of Rs. 80.29 crore and Net Profit of Rs. 3.81 crore
• As on 31 March 2024, ROE at 37.86%, ROCE at 22.95% and RoNW at 31.83%.
• Oneview Corporate Advisors Private Limited is the lead manager of the issue.

The initial public offering of Rs. 37.67 crore comprises of a fresh issue of 27.90 lakh equity shares of face value Rs. 10 each with a price band of Rs. 128 to Rs. 135 per share. Out of the fresh issue of Rs. 37.67 crore, company plans to utilize Rs. 1.29 crore towards funding of expenses proposed to be incurred towards registration in Bolivia, South America while Rs. 5.2 crore will be used towards purchase and installation of plant and machineries for ointment production for the purpose of export in accordance with the international standards and protocols. Company also plans to utilize Rs 4.95 crore for advertising, marketing and brand building, Rs. 68 lakh for investment in procuring hardware and software and Rs. 19.75 crore for working capital requirements. Minimum lot size for the application is 1000 shares which translates in to minimum investment of Rs. 1.35 lakh per application on higher side of issue. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Incorporated in 2017, Astonea Labs Ltd. is engaged in contract manufacturing of pharmaceutical and cosmetic products for companies both within India and internationally. The company manufactures and markets a variety of pharmaceutical and cosmetic products, including antibiotics, anti-cold medicines, antihistamines, and treatments for diabetes, heart, gynecological issues, infections, and more.

The company offers skin, tooth, and hair care products in forms like gels, creams, and serums, and also trades packaging and raw materials for pharmaceutical and cosmetic industries, meeting industry standards. The company engages in contract manufacturing of pharmaceutical and cosmetic products, markets its own brands “Glow Up” and “Regero,” plans to launch “Avicel,” and exports to countries like Iraq and Yemen.

For FY23-24 ended March 2024, the company reported revenue of ₹80.29 crores in 2024 against ₹67.26 crore in 2023. The company reported profit of ₹3.81 crores in 2024 against profit of ₹0.67 crores in 2023, with a healthy EBITA margin of 14.60% and PAT margin of 4.75%. For the nine months ended December 2024, company reported total revenue of Rs. 69.55 crore and Net Profit of Rs. 4.10 crore. As on 31st March 2024, ROE of the company was at 37.86%, ROCE at 22.95% and RONW at 31.83%.

IPO Highlights- Astonea Labs Ltd
IPO Opens on	Ma 27, 2025
IPO Closes on	May 29, 2025
Issue Price Band	Rs. 128- Rs 135 Per Share
Issue Size	27.90 lakh shares – up to Rs. 37.67 crore
Lot Size	1000 Shares
Listing on	BSE SME Platform

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

New Delhi [India], May 26: Jaipur-born Abhishek Dubey made headlines in 2022 when he became the youngest entrepreneur in Rajasthan and he hasn’t slowed down since. Now In age of 25 Dubey is making waves across industries and borders. Owner of six successful companies in India spanning hospitality, Entertainment , Photography, Textiles, Event management & Packaging industries.Dubey has now expanded internationally with a premium photography company in Dubai.His Dubai venture has quickly gained recognition for high-end creative work, establishing him as a global player in the photography and media space.

What started as a dream in Jaipur has become a multi-industry success story fueled by hard work, smart strategy, and bold vision. Each enterprise under his leadership has carved a niche for itself in its respective market.

– Hospitality industry – Arjit Hospitality specializes in managing premium Airbnb stays, offering guests curated & comfortable experiences across top travel destinations.

– Restaurant & Bar industry – Hobnob is a vibrant restaurant and bar offering a fusion of global cuisine, craft cocktails, and a lively atmosphere—perfect for casual dining and unforgettable night experiences.

– Photography industry – Rachit Photography is a luxury photography brand with offices in Mumbai, Dubai, and Jaipur, specializing in weddings, fashion, and commercial shoots.

– ⁠Textile industry – Rugsthan is a textile brand specializing in premium rugs, carpets, and handcrafted furniture, blending traditional craftsmanship with modern design for homes and interiors.

– Event Management industry – Luminara is a creative event company specializing in luxury wedding planning, music festivals & Corporate events delivering unforgettable experiences with style and precision.

– Packaging industry – Arjit industries specializing in custom, eco-friendly packaging solutions, combining functionality with artistic design for brands across industries.

“I believe in building where there’s passion and purpose,” says Dubey. With plans to enter new markets in Asia and the Middle East, his journey is far from over.

Abhishek Dubey stands as a true inspiration—a modern entrepreneur proving that with determination and innovation, borders are just lines on a map.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

New Delhi [India], May 24: One of India’s leading radio networks, BIG FM, has taken a significant step forward in redefining content interaction in the digital sphere by introducing BIG Live, a landmark move that marks its shift from radio supremacy to digital leadership.

Currently available at www.biglive.com, this strategic platform combines story, digital user experience, and innovative advertising forms seamlessly.

A Strategic Leap in Content Delivery | Big FM Digital

The debut of BIG Live highlights how BIG FM has expanded beyond conventional broadcasting.  The big-fm-digital-platform is positioned as a destination for high-end content that offers a wide range of verticals, such as technology, finance, fashion, real estate, and health.

It is designed to be consumed and resonates with our culture, supporting ambitions in daily life and aligning with the brand’s objective of ‘Enriching Everyday Life.’

Fueling a Smarter Audience

BIG Live’s motto, “Fuel Your Life,” embodies a digital philosophy: to offer action-oriented and informative material.  “BIG Live is a natural extension of BIG FM’s content leadership,” stated Abe Thomas, CEO of BIG FM. We provide engaging and educational digital content that is varied and of excellent quality.

Both users and marketers can fully customise the platform.  Its key benefits include data-driven targeting and a simple, user-friendly interface that fosters a sense of comfort and ease, connecting information and ambition seamlessly.

A Unified Ecosystem

BIG FM’s COO, Sunil Kumaran, elaborates on the main goal: “BIG Live is a vibrant platform for users who aspire to stay smart, sharp, and ahead of the curve.”   Thanks to the combination of digital and audio, BIG living is positioned as more than just a content website; it creates a living atmosphere where education and leisure coexist.

Trust, Consistency, and Clarity

BIG Live stands out for its consistent user experience, disciplined content production, reliable delivery, and devotion to key principles.  The platform promotes meaningful interaction, simplifies cross-promotions, and builds BIG FM’s total brand equity.

A member of the Sapphire Media Group, BIG FM is present on TV, OOH, and the internet.

Community and Connectivity

BIG Live seeks to create a virtual community rather than just a platform.  Promoting communication between consumers and service providers adds value through contextually relevant and well-chosen material.  Thus, the big-fm-digital-platform serves as a social bridge and a media solution, opening the door for insightful, meaningful, and motivating content experiences.

With BIG Live, BIG FM is not just predicting the digital future, but also shaping it with clarity, dedication, and cultural awareness, sparking excitement and intrigue among our audience.

New Delhi [India], May 23: If you’re a gamer with wanderlust, the world’s biggest esports events are basically your ultimate pilgrimage spots. From the adrenaline-pumping Dota 2 battles at The International to the fierce Valorant Championships lighting up Paris or the PUBG Mobile World Cup in Saudi Arabia, these tournaments are where legends are made.

But here’s the catch: if you want to jet-set to these epic venues and still keep your game face on streaming, strategizing, and staying connected you need more than just a packed backpack. You need reliable, unlimited data that travels as far and wide as you do. Because the last thing you want is to be stuck in a foreign airport, sweating over spotty Wi-Fi, wondering if you’ll miss that crucial team call or live stream.

That’s where having a solid data plan like Matrix Cellular’s comes in giving you the freedom to game on, no matter where the leaderboard takes you.

If you’re a gamer on the move whether you’re heading to the UAE for a week of tournaments with unlimited data for just ₹1900, exploring Europe at the same price point, or leveling up in the USA with a 7-day SIM for ₹2900 Matrix Cellular is your ultimate power-up.

Let’s be real: other providers might dangle “unlimited” plans, but you’ll often find they cap you at just 10GB for ₹2998, toss in a few in-flight perks, and limit you to 300 minutes of calls. For serious gamers those streaming matches, downloading updates, or joining global scrims 10 GB disappears faster than your phone battery on a long gaming session.

Gaurav Khanna, CEO of Matrix Cellular, says, “Online games can burn through about 100MB of data per hour, so if you’re playing daily, that’s 3 to 12GB a month and for the hardcore gamers putting in several hours a day, it can easily hit 10 to 50GB monthly. But with Matrix eSIMS, you don’t need to worry about data limits just focus on your game and let the unlimited connectivity keep you in the action.”

And if you’re a gamer who travels, your data needs go way beyond just gaming. Think about all the extra downloads, game updates, streaming sessions, voice chats, and even uploading highlights or live-streaming your gameplay all of which can push your data usage much higher, especially when you’re far from home. With Matrix’s unlimited data plans, you get the freedom to play, stream, update, and connect wherever you go, so your adventures never get interrupted by data caps or slowdowns.”

Matrix Cellular provides reliable and affordable connectivity with their eSIMS across more than 150 countries worldwide. Some of the popular destinations covered include the USA, UK, Canada, Australia, Germany, France, UAE, Vietnam, and many more. With such extensive coverage, digital nomads and travelers can stay connected effortlessly no matter where their adventures take them.

Why settle for data droughts and connectivity anxiety when Matrix eSIMS gives you genuine unlimited data at gamer-friendly prices? With Matrix, you can focus on your game, not your gigabytes no throttling, no surprises, just seamless play wherever your next tournament or gaming adventure takes you.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Pune (Maharashtra) [India], May 23: As cities expand and the pressure on infrastructure intensifies, the need for smarter, faster, and more transparent systems of urban governance becomes critical. Among the foundational elements of a smart city is an efficient, digital plan approval system. Traditional methods—characterized by paperwork, manual verifications, and long approval cycles—are increasingly unfit for today’s urban challenges. To meet the demands of modern city life, municipalities must shift toward urban planning automation that empowers efficient governance and streamlined development.

Urban development is no longer a linear, straightforward process. It involves coordination among various departments, compliance with intricate regulations, and the need to engage with multiple stakeholders. The result, when handled through legacy systems, is often a maze of delays and inefficiencies. These slowdowns don’t just frustrate developers—they stall infrastructure delivery and diminish public trust in local governance. Transitioning to digital urban planning solutions can change that dynamic entirely, enabling cities to keep pace with development while maintaining oversight and accountability.

With advanced technologies like AI, GIS integration, and cloud-based platforms, building permit software can now offer intelligent automation of zoning checks, building code compliance, and documentation workflows. Real-time tracking, automated notifications, and centralized data repositories drastically improve turnaround times and inter-departmental coordination. This kind of smart governance doesn’t just streamline internal operations—it also makes the experience more transparent and predictable for citizens and developers alike.

Global examples demonstrate the power of such systems. Cities like Singapore and Dubai have successfully leveraged digital plan approval models integrated with Building Information Modeling (BIM) to cut review times and improve planning outcomes. These models promote collaboration across agencies and reduce human error, paving the way for more responsive, citizen-centric governance.

The ripple effects of urban planning automation are significant. Governments benefit from enhanced data analytics, better resource allocation, and more efficient service delivery. Developers gain clarity, speed, and consistency—critical for investment decisions and project execution. Most importantly, citizens experience improved service quality, quicker infrastructure rollouts, and better-designed urban spaces.

Crucially, the data generated through these systems feeds into the larger e-governance framework. It equips city leaders with real-time insights to make more informed decisions on public services, environmental planning, and infrastructure investments. Efficient plan approval systems, therefore, don’t just process permits—they help shape strategic, long-term urban development.

Digitizing the plan approval process is a stepping stone toward comprehensive smart city infrastructure. It ensures that development is not only faster but also fairer and more accountable. It fosters trust, attracts investment, and helps cities grow sustainably. For cities in emerging markets, this is a unique chance to bypass outdated models and embrace cutting-edge systems that are scalable, secure, and future-ready.

Ultimately, the future of smart cities rests on intelligent systems that simplify the complex. Efficient, automated plan approval platforms are no longer a luxury—they are a necessity. By investing in these digital foundations, cities position themselves to grow with resilience, inclusivity, and vision.

Mr. Vijay Gupta, an IIT Mumbai alumnus, is the Founder, Chairman and Managing Director of SoftTech Engineers Limited. He holds an M. Tech degree from IIT Mumbai. Vijay strongly believes that technology has to be leveraged extensively to bring speed, efficiency and transparency in the AEC (Architecture, Engineering & Construction) industry for private as well as public sector organizations. He has a rich experience of about 35 years in the development of cutting-edge BIM/ CAD/ CAE /Project Management Enterprise Software in the AEC domain.

A leading IT company (www.softtechglobal.com) facilitating business and technology transformation across the AEC industry through innovative software products and solutions. The company proudly supports over 1300 organizations and serves a user base of more than 400,000 individuals. Notably, SoftTech’s solutions have facilitated the approval of over 2 million building permits, encompassing a staggering area exceeding 30 billion square feet.

Website: https://softtechglobal.com/

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

New Delhi [India], May 22: In a proud moment for Indian cinema, veteran actors BOMAN IRANI and MAKARAND DESHPANDE unveiled the official poster of filmmaker PRASENJIT CHAKRABORTY’S  upcoming urban drama CHINDI PAKAD at the Indian Pavilion during the 78th Cannes Film Festival. The poster launch, hosted by SHRISTI CREATION FILM PRODUCTIONS in association with RITUPARNA SENGUPTA, drew widespread attention for its bold narrative and symbolic design.

CHINDI PAKAD explores the underbelly of urban life, tackling themes of addiction, survival, and the human spirit. The eye-catching poster features the title stylized with a green bottle replacing the letter “I” in CHINDI, a powerful visual metaphor for the film’s deeper message.

Speaking at the event, BOMAN IRANI  said, “It’s inspiring to see filmmakers push the envelope and bring untold stories to light. CHINDI PAKAD is one such bold cinematic journey, and I’m honored to be part of this launch at Cannes.”

MAKARAND DESHPANDE, known for his intense character portrayals, added, “The rawness and realism reflected in the poster instantly drew me in. Films like these give voice to the marginalised and offer a powerful mirror to society.”

Director and producer PRASENJIT CHAKRABORTY (PRIYAM) shared, “CHINDI PAKAD is not just a film—it’s a voice from the streets, a story that demands to be heard. Launching the poster at Cannes, with stalwarts like BOMAN IRANI and MAKARAND DESHPANDE, gives the film the global platform it deserves.”

• The film is Produced by PRASENJIT CHAKRABORTY
• Co-produced by UNITED COLOURS ENTERTAINMENT & SURENDRA CHOURASIYA
• Creative Producer is SCRIPTWORLD ENTERTAINMENT

CHINDI PAKAD promises to be a gripping cinematic journey rooted in realism, resilience, and truth.

Stay tuned for the trailer and release date announcement coming soon…

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Mumbai (Maharashtra) [India], May 22: SBC Exports Ltd (BSE – 542725, NSE – SBC), engaged in the business of manufacturing and exports of garments, IT, manpower supply and Services & Tour Operator Services is planning to launch initial public offering (IPO) of its wholly owned subsidiary, Mauji Trip Ltd in the current financial year of 2025-26. The Board of Directors on 21 May 2025 approved the proposal to launch a public issue. Details and terms of the issue, issue size, will be announced in due course, subject to approval.

This strategic initiative is aimed at unlocking value for the shareholders, strengthening the capital base of Mauji Trip Limited, and supporting its future growth plans. Mauji Trip Limited operates in the travel and tourism segment, and the proposed IPO is expected to significantly enhance its brand visibility and provide the financial momentum needed to scale its operations. The company will begin the process of evaluating and initiating the necessary steps for a proposed public issue of the company during the current financial year. This proposal is subject to the receipt of all applicable regulatory approvals and compliance with relevant laws and regulations.

The board of directors also approved the company’s Q4 and FY 2024-25 results. For the full year ended March 31, 2025, the company earned a consolidated revenue from operations of Rs. 300.04 crore, which is approximately 43.28% higher than Rs. 209.40 crore earned in the previous year. The company had earned a net profit of Rs. 13.36 crore after tax, which is 41.52% higher than Rs. 9.44 crore earned in the previous year. The board also approved re-appointment of Mr. Govind Ji Gupta as Managing Director for another term of five years, subject to shareholder approval in the ensuing Annual General Meeting.

Highlights:-

• During Q4FY25, company’s PAT grew 21.07% Y-o-Y to Rs. 4.01 crore; Revenues were up 38.82% to Rs. 96.29 crore
• IPO of Mauji Trips Lts is aimed at unlocking value for the shareholders of SBC Exports; Supporting the long-term growth and expansion plans of Mauji Trip along with Strengthening the capital base
• Board approved Tie- ups with Major E-Commerce Platforms such as Amazon, Flipkart, Myntra & Meesho in order to establish Online Retail presence in the Country.

Board approved Re-appointment of Mr. Govind Ji Gupta as Managing Director for another term of five years, subject to shareholder approval in the ensuing AGM

For Q4 of FY 2024-25 ended March 2025, company achieved a revenue of Rs. 96.29 crore, which is approximately 38.82% higher than Rs. 69.36 crore earned in the same period last year. Net profit of the company during Q4FY25 was reported at Rs. 4.01 crore, which is 21.07% higher than Rs. 3.31 crore earned in the same period last year.

Company has recently entered into a strategic partnership with Amazon India for the listing and sale of its apparel products on the Amazon online platform. This initiative marks a significant step in enhancing the Company’s digital footprint and leveraging e-commerce channels to expand its retail reach across India. The collaboration with Amazon will enable the Company to offer its wide range of apparel products directly to consumers, thereby increasing accessibility and brand visibility.

Furthermore, the Company is actively engaged in discussions with other major online retail platforms such as Flipkart, Myntra, and Meesho to explore additional opportunities for listing its complete portfolio of apparel products. These initiatives are in line with the Company’s strategy to strengthen its online retail presence and tap into the growing demand for e-commerce in the fashion and lifestyle segment.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.