Tag: Business

New Delhi [India], May 16: Tourism Finance Corporation of India Limited(TFCIL, The Company), (NSE – TFCILTD | BSE – 526650), one of the leading companies providing financial assistance to tourism-related projects have announced its Audited Financial Results for Q4 FY26.

Key Financial Highlights

Key Financial Highlights Q4 FY26

•Total Income of ₹ 73.94 Cr, YoY growth of 6.46%

•EBITDA of ₹ 65.29 Cr, YoY growth of 7.17%

•PAT of ₹ 32.02 Cr, YoY growth of 6.03%

•EPS of ₹ 0.69, YoY growth of 6.15%

Key Financial Highlights FY26

•Total Income of ₹ 276.83 Cr, YoY growth of 6.45%

•EBITDA of ₹ 249.45 Cr, YoY growth of 6.59%

•PAT of ₹ 123.46 Cr, YoY growth of 18.93%

•EPS of ₹ 2.67, YoY growth of 19.20%

FY26 Key Highlights

Financial Position:

·Tangible Net Worth stood at ₹1,304.84 Cr in FY26, reflecting ~8% YoY growth.

·Gross Loans (AUM) increased significantly to ₹2,088.14 Cr in FY26 (23% YoY growth).

Asset Quality:

·Gross NPA improved sharply to 0.37% in FY26 from 3.22% in FY25.

·Net NPA reduced to Nil in FY26 from 1.61% in FY25, reflecting strong recoveries and a clean asset book.

Operational Efficiency:

·Net Interest Margin (NIM) improved to 6.43% in FY26 from 5.07% in FY25.

·Return on Loans & Advances increased to 12.70% in FY26 from 12.45% in FY25.

·Operating expenses remained controlled at ₹27.94 Cr in FY26, reflecting disciplined cost management.

Capital Adequacy & Gearing:

·Capital Adequacy Ratio (CRAR) remained strong at ~55.53% in FY26, well above regulatory requirements.

·Debt-to-Equity (Gearing) stood at 0.83:1 in FY26, indicating a stable and prudent capital structure.

Operational Highlights:

·The Company’s gross portfolio expanded to ₹2,188.87 Cr in FY26, reflecting strong growth momentum.

·Loan portfolio stood at ₹2,088.14 Cr across 63 borrowers in FY26, indicating a diversified credit base.

·The portfolio remains well-diversified, led by Hotels (52%), followed by Real Estate (19%) and Manufacturing (12%), with Infrastructure & Social Infra contributing 5%.

·Exposure to NBFCs (4%) and Loan Against Shares (3%) remains calibrated, ensuring prudent risk management.

·The Company maintains a pan-India presence, with key exposures in Uttar Pradesh, Maharashtra, and Gujarat, supporting geographic diversification.

·TFCI is actively expanding into solar financing for hotels, resorts, and tourism-linked MSMEs, aligning with sustainability trends and enhancing portfolio diversification.

·The Company is well-positioned to benefit from urbanisation and hospitality-led real estate growth, emerging as a key NBFC enabler in mixed-use developments and renewable infrastructure.

·TFCI has undertaken strategic initiatives in the alternative investment space, acting as a co-sponsor and anchor investor in Holystone Hospitality Fund (Category II AIF).

·The Company has also committed as an anchor investor in Certus Real Estate Fund (Category II AIF), strengthening its real estate investment platform presence.

·Further, TFCI has invested in Oxyzo Credit Fund I, a debt-focused Category II AIF, enabling exposure to diversified sectors and enhancing yield opportunities.

About Tourism Finance Corporation of India Limited

Tourism Finance Corporation of India Limited (TFCI), established in 1989, is a premier public financial institution dedicated to providing finance and advisory services to India’s tourism sector. Over the years, TFCI has expanded its portfolio to include financing for educational and healthcare institutions, NBFCs, affordable and mid-income housing projects, logistics and warehousing, manufacturing sectors, solar projects, and Loan Against Securities.

With a proven track record of contributing to the development of over 50,000 star-category hotel rooms and landmark attractions such as Taj Resorts in Kerala & Goa, Umaid Bhawan Palace Heritage Hotel, Ananda in the Himalayas, Palace on Wheels, Essel World, Shanku Water Park, and Imagicaa, TFCI has played a pivotal role in shaping India’s tourism landscape. The company has also provided strategic advisory and feasibility services to the Ministry of Tourism and several State Tourism Departments, enabling large-scale tourism development projects.

In FY26, the company reported a Total Income of ₹276.83 Cr, EBITDA of ₹249.45Cr, Net Profit of ₹123.46 Cr, and EPS of ₹2.67.

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Jaipur (Rajasthan) [India], May 16: KRN Heat Exchanger and Refrigeration Limited (BSE: 544263 | INE0Q3J01015 | NSE: KRN), 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 Audited Financial Results for Q4 & 12M FY26.

Q4 FY26 Consolidated Key Financial Highlights 

• Total Income of ₹181.40 Cr, YoY growth of 33.55%
• EBITDA of ₹33.55 Cr, YoY growth of 77.56%
• EBITDA Margin stood at 18.69%, improved by 432 bps YoY
• Net Profit of ₹23.36 Cr, YoY growth of 57.14%
• Net Profit Margin stood at 12.88%, improved by 193 bps YoY
• Diluted EPS of ₹3.75, YoY growth of 56.90%

12M FY26 Consolidated Key Financial Highlights 

• Total Income of ₹609.81 Cr, YoY growth of 38.06%
• EBITDA of ₹112.48 Cr, YoY growth of 59.52%
• EBITDA Margin stood at 18.74%, improved by 234 bps YoY
• Net Profit of ₹76.47 Cr, YoY growth of 44.62%
• Net Profit Margin stood at 12.54%, improved by 57 bps YoY
• Diluted EPS of ₹12.30, YoY growth of 26.15%

Q4 FY26 Standalone Key Financial Highlights 

• Total Income of ₹204.93 Cr, YoY growth of 55.06%
• EBITDA of ₹17.99 Cr, YoY decline of 11.13%
• EBITDA Margin stood at 8.91%, declined by 657 bps YoY
• Net Profit of ₹16.87 Cr, YoY growth of 22.69%
• Net Profit Margin stood at 8.23%, declined by 217 bps YoY
• Diluted EPS of ₹2.71, YoY growth of 23.18%

12M FY26 Standalone Key Financial Highlights 

• Total Income of ₹689.95 Cr, YoY growth of 57.36%
• EBITDA of ₹84.79 Cr, YoY growth of 19.41%
• EBITDA Margin stood at 12.54%, declined by 393 bps YoY
• Net Profit of ₹71.31 Cr, YoY growth of 42.11%
• Net Profit Margin stood at 10.33%, declined by 111 bps YoY
• Diluted EPS of ₹11.47, YoY growth of 24.00%

Key Operational & Strategic Highlights — FY26

• Exports at ~₹99 crore across 18 countries, led by UAE (37.9%), USA (31.1%) & Italy (13.3%)
• Balance Sheet Strengthens Significantly: Total assets increased to ~₹932 Crore (↑57% YoY); PP&E at ~₹314 Crore (↑~268% YoY), reflecting commissioning of new facility.
• New CFO Onboard: Mr. Pawan Nawal appointed as CFO w.e.f. 15th May 2026.

Commenting on the Performance, Mr. Santosh Kumar, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited, said, “FY26 marks a pivotal phase in KRN’s journey, reflecting a clear transition to a higher scale of operations. During the year, we delivered strong consolidated revenue growth of ~38% to ₹610 Crore, supported by consistent execution, improving capacity utilisation, and the initial contribution from our new facility. Importantly, this growth was accompanied by healthy profitability, with EBITDA increasing ~60% YoY and margins strengthening to ~18.7%, indicating improving operating efficiency.

The quality of growth became more visible as the year progressed. Q4 FY26 was particularly encouraging, with standalone revenue crossing ₹200 Crore for the first time, reflecting stronger order momentum and better conversion. The new HVAC manufacturing facility is now operational and gradually scaling up, which will further support growth and enhance our ability to serve larger and more complex requirements.

Exports continued to be a key growth driver, reaching ~₹99 Crore with a diversified presence across 18 countries, with the UAE and USA together contributing ~70% of export revenues, reflecting strong traction in our key international markets.

Over the past few years, we have consciously invested in expanding capacity, strengthening capabilities, and building a broader product portfolio. This foundation is now beginning to translate into performance. Our increasing engagement with larger customers, along with improving export traction, is providing better visibility and contributing to a more resilient business mix going forward.

The broader industry environment remains supportive, driven by demand across data centres, infrastructure, mobility, and industrial applications. With a stronger platform now in place, our focus is on sustaining growth momentum, improving operating leverage, and driving consistent value creation. We believe we are well-positioned to capitalise on the opportunities ahead.”

About KRN Heat Exchangers and Refrigeration Limited

KRN Heat Exchanger and Refrigeration Limited (KRN, the “Company”), founded in 2017 in Neemrana, India, specializes in manufacturing aluminium and copper fin and tube heat exchangers, including water coils, condenser coils, and evaporator coils. Their products are widely used by OEMs in the HVAC&R industry for heating, ventilation, air conditioning, and refrigeration applications. With a factory spanning 1,50,000 square feet, KRN produces over 1 million units annually, exporting around 16.3% of its output.

The company is supported by a skilled engineering team with over 20+ years of industry experience, focusing on creating customized, durable solutions that meet international quality standards. By building on their expertise, KRN focuses on product quality and manufacturing processes for reliable end-user solutions.

In FY26, the company reported significant financial results, including Standalone total income of ₹689.95 Cr, EBITDA of ₹84.79 Cr, and Net Profit of ₹71.31 Cr

Mumbai (Maharashtra) [India], May 16: Fredun Pharmaceuticals Limited (BSE – FREDUN | 539730), has announced the launch of ‘DAULCÉL’, its premium wellness and longevity-focused brand developed to cater to the growing demand for preventive healthcare, healthy aging, and lifestyle-oriented wellness solutions. The launch marks another strategic step in Fredun’s expansion into innovation-led and future-focused healthcare segments. 

DAULCÉL is positioned as a premium wellness platform centered on quality, innovation, and evolving consumer wellness needs. The brand is aimed at addressing the increasing global focus on vitality, wellness optimization, recovery-focused healthcare, and long-term healthy living through scienceoriented wellness solutions. 

The initiative complements Fredun Pharmaceuticals Limited’s existing pharmaceutical and healthcare capabilities while creating new opportunities within specialized wellness and longevity-driven categories. The launch also reflects the Company’s continued focus on building a diversified and future-ready healthcare portfolio.

Highlights

·First premium NAD+ based wellness offerings introduced in India’s emerging longevity and

·cellular wellness segment

·Launch of premium wellness and longevity-focused brand ‘DAULCÉL’

·Strategic expansion into preventive and lifestyle-oriented healthcare

·Focused on wellness, vitality, and healthy aging solutions

·Science-oriented and innovation-driven brand approach

·Expansion into emerging and high-growth wellness categories

·Strengthening Fredun’s specialty healthcare and wellness portfolio

·Leveraging the Company’s formulation and healthcare expertise

·Focused on differentiated, quality-driven wellness offerings

DAULCÉL’s initial portfolio is designed around premium wellness solutions aligned with the growing demand for advanced wellness, cellular vitality, and healthy lifestyle management. The brand aims to combine innovation, quality-focused development, and consumer-centric healthcare experiences to establish a differentiated presence within the evolving wellness market.

With increasing awareness around preventive wellness and longevity-focused healthcare globally, Fredun Pharmaceuticals Limited believes DAULCÉL is well-positioned to address emerging opportunities in the premium wellness segment while supporting the Company’s long-term growth and diversification strategy.

Commenting on the development, Mr. Fredun Medhora, Managing Director, said: “Daulcél reflects our focus on building future ready healthcare capabilities. Preventive health and longevity are becoming increasingly relevant, and we see strong potential in delivering science driven solutions that address these needs in a meaningful way.”

About Fredun Pharmaceuticals Limited

Fredun Pharmaceuticals Limited, healthcare and pharmaceuticals company offer a range of products, including antihypertensives, antidiabetic, antiretroviral drugs (ARVs) and narcotics. It is also engaged in the manufacturing of dietary/herbal supplements, nutraceuticals, cosmeceuticals, and other healthcare products along with animal healthcare products. With such a diverse range of products, the Company’s objective is to be a holistic healthcare provider. The Company primarily exports its products to Africa, Southeast Asia, Commonwealth of Independent States (CIS) countries and Latin America. 

In the FY25, Fredun reported total revenues of ₹ 456 Cr, with an EBITDA of ₹ 55 Cr and a PAT of ₹ 21 Cr.

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The platform enables businesses to transform a single recorded video into thousands of individually personalized customer experiences — automatically, at scale, and without re-recording.

Mumbai (Maharashtra) [India], May 16: Algoocean Technologies, a Mumbai-based software and digital solutions company, today announced the official launch of Saynize AI — a web-based platform purpose-built to deliver personalized video communication at an enterprise scale. The platform represents a significant step forward in how businesses engage customers, partners, and stakeholders through video, removing the production barriers that have historically made true video personalization inaccessible to most organizations.

Using Saynize AI, businesses record a single master video and connect it to their existing customer data — from CRM platforms, ecommerce systems, or structured databases. The platform dynamically inserts viewer-specific information such as names, locations, products, and plan details into each video, rendering individualized versions in bulk. Every recipient receives a video that speaks directly to them, produced at a fraction of the time and cost of traditional personalized video workflows.

THE MARKET OPPORTUNITY

Video is the highest-converting content format in digital marketing today, yet true personalization at scale has remained out of reach for most businesses. Creating customized video messages manually for large audiences is time-consuming, resource-intensive, and operationally complex. As a result, most organizations have been forced to choose between personalization and scale — until now.

Saynize AI is designed to eliminate that trade-off entirely. By connecting video generation directly with structured customer data, the platform makes it possible to maintain the impact of one-to-one communication while managing volumes in the thousands or tens of thousands.

PLATFORM CAPABILITIES 

Saynize AI is fully web-based — no installation, no complex technical setup. Its workflow is built for speed and simplicity:

• Upload a master video — Record one high-quality base video that serves as the personalization template.
• Connect your data — Seamlessly integrate with HubSpot, Salesforce, Shopify, and Zapier, or simply upload a structured CSV. Map essential fields—customer names, companies, or plan tiers in minutes or leverage our direct APIs for a fully custom data flow.
• Generate at scale — Saynize renders hundreds or thousands of unique personalized videos instantly — without additional production effort.
• Deploy across channels — Distribute via email, WhatsApp, or digital campaigns. Every recipient gets a video tailored specifically to them.

USE CASES ACROSS INDUSTRIES

• Sales outreach: Prospect-specific video messages that drive significantly higher reply rates.
• Customer onboarding: Welcome videos customized to each user’s plan, product, or purchase history.
• Ecommerce campaigns: Post-order engagement videos referencing purchased products and customer details.
• Retention & renewal: Contextual video messages tied to subscription milestones and renewal timelines.
• Partner & vendor networks: Customized videos referencing specific business names, locations, and details at volume.
• Event invitations: Tailored video invites that stand out in crowded inboxes and drive attendance.

ENTERPRISE PROOF: SINTEX

Saynize AI has already been deployed in enterprise environments where personalized video at scale is a core operational requirement. For Sintex, Algoocean Technologies built a custom video generation portal enabling teams to enter a recipient’s name and instantly produce a personalized AI-powered video on demand — with zero additional production overhead.

Sintex enterprise deployment — two personalized video outputs generated via Saynize AI

The deployment demonstrates the platform’s capacity to serve large organizations with expansive partner or vendor networks — producing customized content that references specific business names, locations, and details at a speed and volume that traditional production methods cannot match.

“AI-powered video bridges automation and authenticity — helping brands scale without losing the human touch that drives real engagement.”

— Saynize AI

ABOUT ALGOOCEAN TECHNOLOGIES

Algoocean Technologies is a Mumbai-based technology company specializing in digital platforms, software solutions, and automation tools for modern businesses. The company develops products that help organizations improve operational efficiency, digital communication, and customer engagement through innovative technology. Saynize AI is its flagship AI-powered platform.

EXPERIENCE SAYNIZE AI FOR YOURSELF

Enter your name and brand details — receive your own AI-personalized demo video on WhatsApp and email within 5 minutes. No waiting. No generic preview.

Book a Demo:  https://saynize.ai

hello@saynize.ai   •      +91 7262888851

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Surat (Gujarat) [India], May 15: Liquid King Aryan (Anna) Group is steadily expanding its international presence as the brand continues building a growing financial and business network across major global markets, including the United Kingdom, the United States, Canada, Singapore, Malaysia, India, and other parts of Asia.

With a strong focus on capital, liquidity, and international business growth, Liquid King Aryan (Anna) Group is creating a wider ecosystem connecting investors, entrepreneurs, and businesses looking for structured financial opportunities and scalable expansion.

The company is actively strengthening its visibility across some of the world’s leading business cities, including London, Manchester, Birmingham, New York, Los Angeles, Miami, Toronto, Vancouver, Kuala Lumpur, Singapore, Mumbai, Delhi, Bangalore, Dubai, and other emerging financial hubs across Asia and global markets.

Liquid King Aryan (Anna) Group is focused on building long-term financial relationships supported by strategic planning, transparency, and disciplined capital movement. Instead of operating with a conventional lending approach, the brand aims to create opportunities where businesses and investors can grow through structured and sustainable financial systems.

For investors, the company focuses on capital opportunities designed around stability, clarity, and long-term growth potential. For businesses and entrepreneurs, Liquid King Aryan (Anna) Group aims to provide access to reliable financial support that aligns with expansion goals and future scalability.

As international business activity continues growing across the UK, US, Canada, Asia, and the Middle East, Liquid King Aryan (Anna) Group is positioning itself as a globally expanding financial brand with a strong vision for cross-border growth and international capital connectivity.

With its growing international footprint and expanding business network, Liquid King Aryan (Anna) Group continues moving toward becoming a recognized name in global finance, liquidity, and business expansion.

Website: https://www.aryanannagroup.com/

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Kota (Rajasthan) [India], May 16:Kay Cee Energy & Infra Limited (“KCEIL” or “the Company”), one of the leading EPC solutions providers in power transmission and distribution infrastructure, announced its audited financial results for the half year and full year ended March 31, 2026.

Key Consolidated Financial Highlights 

• FY26 Performance
• Total Revenue: ₹16,559 lakhs
• EBITDA: ₹3,305 lakhs
• Profit After Tax (PAT): ₹1,878 lakhs
• Basic & Diluted EPS: ₹15.47 per share

H2 FY26 Performance

• Total Revenue: ₹8,157 lakhs
• EBITDA: ₹1,695 lakhs
• Profit After Tax (PAT): ₹960 lakhs
• Basic & Diluted EPS: ₹7.86 per share

Management Commentary

Mr. Lokendra Jain, Managing Director, commented:

“FY26 was a year of resilient performance for Kay Cee Energy & Infra Limited despite a challenging external operating environment. While the Company could not fully achieve its FY26 revenue guidance, the shortfall was primarily attributable to delays in ERS supply shipments arising from the escalation of geopolitical tensions and war-related disruptions in the Middle East. Supplies valued at approximately ₹5,000–6,000 lakhs were delayed in reaching India, resulting in deferment of revenue recognition to the current financial year.

Additionally, during the year, raw material prices witnessed significant volatility and upward pressure. Despite these challenges, the Company remained focused on maintaining operational discipline, protecting margins, and ensuring prudent project execution rather than pursuing aggressive revenue growth at the cost of profitability.

We believe this disciplined approach has helped us preserve financial strength and position the Company for sustainable long-term growth. With delayed ERS supplies now expected to be executed in the current year and continued momentum in the power infrastructure sector, we remain optimistic about the growth outlook going forward.”

About Kay Cee Energy & Infra Limited:

Kay Cee Energy & Infra Limited (NSE: KCEIL) is an established EPC company specializing in power transmission and distribution infrastructure projects. The Company offers end-to-end solutions, including design, procurement, construction, testing, and commissioning of transmission lines and substations, along with maintenance and Emergency Restoration Systems (ERS). KCEIL collaborates with key public utilities and agencies such as Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).

New Delhi [India], May 15: At a time when international education is becoming more outcome-driven and increasingly structured, OneStep Global has announced the formation of its Advisory Board, bringing together senior leaders from global higher education, institutional strategy, and student recruitment.

The announcement comes amid a broader shift in how students and institutions approach international education, where decisions are increasingly influenced by return on investment, clarity of pathways, and long-term career outcomes, rather than perception alone. At the same time, institutions are expanding how they engage globally through partnerships, transnational education models, and more structured student mobility routes.

In this evolving landscape, the Advisory Board will support OneStep Global in strengthening its strategic direction, with a focus on global partnerships, institutional engagement, and building clearer, outcome-aligned pathways for students navigating international education.

The announcement also follows OneStep Global’s recent expansion across multiple locations in Africa, reflecting the organisation’s growing international engagement and broader focus on building stronger cross-border education networks across emerging markets.

Speaking about the development, Aritra Ghosal, Founder & CEO, OneStep Global, said:“International education is undergoing a significant shift in how students evaluate opportunities and how institutions engage globally. Decisions today are increasingly driven by outcomes, long-term value, and the strength of international partnerships rather than perception alone. The Advisory Board brings together leaders who have deep experience across these evolving dynamics. Their perspectives will play an important role as OneStep Global continues to strengthen its engagement across regions and contribute to more structured and transparent global education pathways.”

The Advisory Board includes leaders with extensive experience across international education systems, institutional leadership, and global strategy:

• Peter Gainey, Director – International Partnerships, JMC Academy
• Dr. Maureen Manning, Founder and Principal, The Global Nexus Collective
• Donnacha McNamara, Vice President – Internationalisation and Alumni, Technological University of the Shannon
• Tom Gifford, Director – Global Student Recruitment, RMIT University
• Dr. Caroline Baylon, Pro-Vice-Chancellor (International), University of Reading
• Alberto Acereda, Vice President of Growth, Acuity Insights
• Dr. Diya Dutt, Adviser, Association of Indian Universities
• Nick Slade, Deputy PVC, International and External Affairs, University of Worcester

The Advisory Board is expected to provide an external perspective on international market developments, institutional collaboration opportunities, and long-term trends shaping student mobility and global engagement across the higher education sector.

As international education continues to evolve, the role of informed, experience-led advisory is expected to become increasingly important in aligning institutional priorities with student expectations and global market realities.

About OneStep Global

Founded in 2018, OneStep Global is a market entry specialist for the higher education sector, assisting universities, colleges, and government organisations in establishing and expanding their presence in Asia. Through strategic market development, stakeholder management, and in-country representation, OneStep Global helps institutions build sustainable pathways for growth and student engagement.

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New Delhi [India], May 15: Xazina, the New Delhi-based lab-grown diamond jewellery design label, is set to make history at the 79th Cannes Film Festival (12–23 May 2026) — becoming the 1st Indian lab-grown brand to promote Indian craftsmanship at Cannes. To be worn by actor, content creator, and entrepreneur Vishal Pandey, Xazina is poised to announce its arrival on the world stage with something extraordinary.

The Hero Piece

The True Imperfections

At the heart of Xazina’s Cannes debut will be The True Imperfections — a necklace that stops conversations.

Crafted in 107 grams of 9kt rose gold, the piece draws its soul from India’s national tree — the banyan. The necklace is built from individually cast gold vines, each one separately made and then meticulously joined to create the whole — a process that demanded the goldsmith’s hand on every single component. 486 lab-grown diamonds are set across those vines — each stone deliberately chosen to differ in quality and character, a design decision that mirrors the natural inaccuracy found in nature itself — placed by hand into the intricate, sprawling structure that echoes the banyan’s iconic, untamed aerial roots.

At the heart of the piece, entrapped within those golden vines, rests a breathtaking 20-carat pink-brown heart-shaped lab-grown diamond — romantic, powerful, and unmistakably bold. Every element of the necklace required individual attention: every vine, every joint, every diamond placement a separate act of craft.

The True Imperfections takes its name from the banyan’s wild, asymmetric beauty — a reminder that the most captivating things in nature, and in life, are never perfectly symmetrical. It is not just a fashion accessory but a meeting of ancient craft and modern vision. A piece designed not just to be worn, but to be remembered.

The Full Look

Vishal Pandey will complete the Cannes look with additional pieces from the Xazina collection — a hand-crafted chain, a selection of rings, and a brooch — each chosen to complement the scale and spirit of The True Imperfections without competing with it. Together, the pieces form a single coherent statement: Indian jewellery, at its most confident, on the world’s most watched stage.

About Vishal Pandey

Vishal Pandey is returning to Cannes for the second consecutive year — but this time, the purpose is bigger. Last year, he arrived as a filmmaker, representing his international short film Far Away From Home. This year, he arrives as something more: a statement of what Indian identity looks like when it refuses to shrink for a global stage.

With over 9 million followers on Instagram and a national profile built through Bigg Boss OTT Season 3 (2024, JioCinema), Pandey has always stood for one thing — honouring where he comes from while pushing the boundaries of what Indian style can look like internationally. He is not arriving at Cannes in borrowed aesthetics. He is arriving in something unmistakably, unapologetically Indian — and entirely of the moment.

His partnership with Xazina is a natural extension of that identity. Together, they are not making a fashion statement. They are making an argument that Indian craftsmanship doesn’t follow the world’s stage. It commands it.

A Historic Moment for Indian Lab-Grown Diamond Jewellery

Cannes has long been the world’s most watched stage for fashion and jewellery. As the 1st Indian lab-grown brand to promote Indian craftsmanship at Cannes, Xazina will place Indian lab-grown diamond design firmly within that legacy. As global appetite for ethically created diamonds accelerates, Xazina is staking India’s claim — not as a volume producer, but as a design-led creator of world-class fine jewellery.

Made in India. Made for the World. Cannes 2026 is just the beginning.

About Xazina

Xazina is a contemporary fine jewellery design label based in New Delhi, pioneering the lab-grown diamond jewellery space in India. Founded by designer Parth Gupta, each piece is rooted in the richness of Indian heritage and shaped by a bold, modern vision. Xazina creates jewellery for those who believe a piece should carry a story, a soul, and a statement.

The True Imperfections and the full Xazina Collection are available for bespoke commissions and private appointments at www.xazina.com/collections/the-true-imperfections. International press and styling enquiries are welcome.

“India has always made the world’s most extraordinary jewellery.

What we’ve lacked is the confidence to say so on a global stage.

The True Imperfections is our answer to that — a piece that is deeply, unapologetically Indian in its inspiration, and completely world-class in its execution.

Lab-grown diamonds allow us to dream bigger, to set a 20ct pink-brown heart shaped diamond into a single necklace without compromise.

Cannes felt like the right place to introduce that idea to the world.”

— Parth Gupta, Designer & Founder, Xazina

Press Enquiries

Email: business@xazina.com
Web: www.xazina.com
Collection: www.xazina.com/collections/the-true-imperfections
Instagram: @xazina.in

Mumbai (Maharashtra) [India], May 15: Sanjivani Paranteral Limited (Sanjivani, The Company) (BSE:531569), one of the emerging players in the pharmaceutical and healthcare manufacturing sector, continued to strengthen its operational performance during the year through improved efficiencies, focused execution, and a customer-centric approach across its business segments, and has announced its Audited Financial Results for Q4 FY26.K

Key Consolidated Financial Highlights

Highlights

Q4 FY26

• Total Income of ₹ 138.09 mn, 
• EBITDA of ₹ 21.73 mn
• EBITDA Margin of 15.74%
• PAT of ₹ 5.48 mn
• PAT Margin of 3.97%
• EPS of ₹ 0.49

Segment-wise Performance:

• Injectables: Revenue stood at ₹46.70 mn, contributing 44.43% of revenue from operations. 
• Tablets: Revenue grew by ~11.1% YoY to ₹54.60 mn, with contribution increasing to 51.95% of revenue from operations. 
• Nutraceuticals: Revenue stood at ₹3.81 mn, accounting for 3.62% of revenue from operations. 

Market-wise Performance:

• Exports (incl. incentives): Contributed 85.26% of revenue from operations (₹89.62 mn), while domestic accounted for 14.74%.
• Core markets (CIS, Middle East & Africa, Latin America): Contributed ~76.09% of revenue from operations, amounting to ~₹80.0 mn.

FY26

• Total Income of ₹ 697.56 mn
• EBITDA of ₹ 114.00 mn
• EBITDA Margin of 16.34%
• PAT of ₹ 66.94 mn
• PAT Margin of 9.60%
• EPS of ₹ 5.49

Segment-wise Performance:

• Injectables: Revenue stood at ₹346.15 mn, contributing 53.45% of revenue from operations. 

• Tablets: Revenue grew by Approx. 7.5% YoY to ₹279.14 mn, with contribution rising to 43.10% of revenue from operations. 

• Nutraceuticals: Revenue stood at ₹22.35 mn, contributing 3.45% of revenue from operations. 

Market-wise Performance:

• Exports (incl. incentives): Contributed 78.50% of revenue from operations (₹508 mn), while domestic contributed 21.50%. 
• Core markets (CIS, Middle East & Africa, Latin America): Accounted for ~77.01% of revenue from operations, amounting to ~₹498.75 mn.

Commenting on the performance, Mr. Ashwani Khemka, Chairman & Managing Director of Sanjivani Paranteral Limited, said, “FY26 has been a year of steady operational progress and focused execution for Sanjivani Paranteral Limited. The commencement of commercial production at our newly established IV Fluid Infusion Plant in Pune marks a significant milestone in strengthening our manufacturing capabilities and expanding our healthcare product portfolio. Equipped with advanced technology and sustainable infrastructure, the facility is expected to improve operational efficiency, enhance product quality, and support growing demand across domestic and export markets.

Our continued focus on quality manufacturing, disciplined cost management, and long-term customer relationships has enabled us to maintain stable business performance in a dynamic operating environment. This expansion further strengthens our market presence and positions the Company for scalable and sustainable long-term growth as we move into FY27. We remain committed to evaluating new growth opportunities and strategic initiatives aimed at enhancing operational scale and creating long-term value for all stakeholders.”

About Sanjivani Paranteral Limited

Sanjivani Parenteral Limited (BSE: 531569) is engaged in the pharmaceutical and healthcare manufacturing business, with a focus on delivering quality products and maintaining strong operational standards. The Company continues to strengthen its presence through operational excellence, customer-centric execution, and continuous focus on quality and compliance.

With a commitment towards sustainable growth and long-term value creation, the Company continues to focus on enhancing manufacturing capabilities, improving efficiencies, and expanding its business presence across key markets.

For FY26, the company has reported Total Income of ₹ 697.56 mn, EBITDA of ₹ 114.00 mn & PAT of ₹ 66.94 mn on a consolidated basis.

Rajkot (Gujarat) [India], May 15: Captain Polyplast Limited (CPL, BSE: 536974),one of the leading manufacturers and exporters of micro irrigation solutions, with a diversified presence in the solar EPC and polymer markets, is pleased to announce the commencement of production from today at its newly constructed manufacturing facility near Ahmedabad, Gujarat.

Key Highlights and strategic significance of the new manufacturing facility:

• Plant will enhance production capacity for micro irrigation systems such as driplines, sprinklers, and HDPE pipes
• The facility is designed to enable in-house production of critical components, supporting backward integration
• Production now commenced, marking a significant milestone in the Company’s manufacturing expansion journey

Factory spanning 70,000 sq. ft., strategically located near Ahmedabad, and successfully completed as per planned timelines. With a total land area of 3,30,000 sq. ft., the facility can serve the requirements for future capex as well.

The commissioning of the Ahmedabad plant marks a significant milestone in Captain Polyplast Limited’s growth journey. By enabling in-house manufacturing of key components that were previously sourced externally, the facility is expected to meaningfully improve cost efficiencies and strengthen the Company’s overall profitability profile.

The plant will further complement CPL’s existing manufacturing infrastructure in Rajkot (Gujarat) and Kurnool (Andhra Pradesh), positioning the Company well to cater to the growing demand for micro-irrigation products across domestic and international markets.

Commenting on About Captain Polyplast Limited (CPL)

Captain Polyplast Limited (CPL) is one of the leading players in the micro-irrigation industry, specializing in the manufacturing and export of equipment for a diverse range of agricultural applications. Established 

in 1997, the Company leverages over 25 years of expertise and operates manufacturing facilities in Rajkot (Gujarat) and Kurnool (Andhra Pradesh). It has built a strong distribution network spanning 16 states across India and exports to markets in Africa, Latin America, and the Middle East.

In recent years, CPL has diversified into the fast-growing solar EPC segment, focusing on solar water pumping systems and rooftop solar solutions, supported by strong government initiatives such as the PM-KUSUM scheme. The Company has also partnered with Indian Oil Corporation Limited (IOCL) for polymer product marketing in Gujarat, further strengthening its business portfolio.

The Ahmedabad plant, which has now commenced operations, spans ~70,000 sq. ft. and is expected to enhance manufacturing efficiency and profitability by enabling in-house production of critical components, thereby improving capacity utilization.

Looking ahead, CPL aims to increase the share of commercial sales, including non-subsidy micro-irrigation, PVC pipes, and exports, to optimize working capital. It also plans to expand its domestic and international footprint, while growth in the solar EPC vertical is expected to further diversify the revenue mix.

With a strong focus on strategic partnerships, operational excellence, and product quality, CPL is well-positioned to enhance its manufacturing capabilities and strengthen its leadership in the micro-irrigation and renewable energy sectors.

In FY25 (Consolidated), Captain Polyplast Limited reported Total Income of ₹ 289.77 Cr, EBITDA of ₹ 35.11 Cr, and a net profit of ₹ 31.32 Cr. The milestone, Mr. Ritesh Khichadia, a Whole Time Director of Captain Polyplast Limited, said, “The commencement of production at our Ahmedabad facility is a landmark moment for the Company and a culmination of years of careful planning and execution. This plant is central to our backward integration strategy and will allow us to manufacture critical components in-house, significantly improving our cost structure and margins. The facility will also enhance our capacity to serve the growing demand in our micro-irrigation business.

We are confident that this investment will generate long-term value for our shareholders, customers, and all stakeholders. With a strong distribution network, favourable policy tailwinds, and now an expanded and more efficient manufacturing base, we are well-positioned to accelerate our growth trajectory in the years ahead.”

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