Tag: Business

Ahmedabad (Gujarat) [India] November 15: Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands in the country has reported improved operational and financial performance during Q2 and H1 of FY 2024-25 ended 30^th September 2024.

Financial Highlights (Consolidated)

	Q2 FY25	Q2 FY24	Y-O-Y	H1 FY25	H1 FY24	Y-O-Y
Net Sales (Rs. Cr)	383.7	400.9	-4%	726.9	735.7	-1%
EBITDA (Rs. Cr)	15.6	21.1	-26%	32.2	36.3	-11%
EBITDA Margin (%)	4.1%	5.3%	-120 bps	4.4%	4.9%	-50 bps
Net Profit (Rs. Cr)	4.7	-2.8	268%	5.0	-6.3	179%
Net Profit Margin (%)	1.2%	-0.7%	190 bps	0.7%	-0.9%	160 bps

Consolidated Highlights: – Q2FY25 Results

The Company has reported a consolidated net profit of Rs. 4.7 crore for the Q2FY25 ended 30^th September 2024 as compared to the net loss of Rs. 2.8 crore for Q2FY24. Consolidated Net sales of the company in Q2FY25 was reported at Rs. 384 crore as against net sales of Rs. 401 crore in Q2FY24. EBITDA for Q2FY25 stood at Rs. 15.6 crore (EBITDA Margin 4.1%) as against EBITDA of Rs. 21.1 crore (EBITDA Margin 5.3%) in Q2FY24, decline 1.2% Y-o-Y. Exports for the Q2FY25 was reported at Rs. 77 crore, rise of 26% Y-o-Y as compared to export of Rs. 61 crore in Q2FY24.

Commenting on the results and performance, Mr. Kamlesh Patel, Chairman and Managing Director said, “Despite challenges like raw material cost fluctuations, export policies and intense competition impacting the business and margins, company has reported satisfactory set of numbers for Q2 and H1 FY25. We are steadfast on our commitment to achieve total revenue of Rs. 6,000 Crores. Strategic initiatives like the AGL demerger, focus on retail presence, showroom expansion and the appointment of Ranbir Kapoor as brand ambassador demonstrate the company’s strong commitment to growth and its aspiration to become a global brand.”

Financial Highlights (Standalone)

	Q2 FY25	Q2 FY24	Y-O-Y	H1 FY25	H1 FY24	Y-O-Y
Net Sales (Rs. Cr)	322.7	341.4	-5%	600.0	634.1	-5%
EBITDA (Rs. Cr)	10.1	20.6	-51%	23.3	36.5	-36%
EBITDA Margin (%)	3.1%	6.0%	-290 bps	3.9%	5.8%	-190 bps
Net Profit (Rs. Cr)	2.2	8.4	-74%	6.9	14.1	-51%
Net Profit Margin (%)	0.7%	2.5%	-180 bps	1.2%	2.2%	-100 bps

Standalone Highlights: – Q2 FY25 Results

The Company has reported a standalone net profit of 2.2 crore for Q2 FY25 ended 30^th September 2024 as compared to the net profit of Rs. 8.4 crore in Q2FY24. Standalone net sales for the second quarter of FY24-25 reported de-growth of 5% to Rs. 323 crore as against net sales of Rs. 341 crore in Q2 FY23-24. EBITDA for Q2 FY25 stood at Rs. 10.1 crore (EBITDA Margin 3.1%) as against EBITDA of Rs. 20.6 crore (EBITDA Margin 6.0%) in Q2 FY24.

Pursuant to the National Company Law Tribunal order dated 25 October 2024 company has conveyed meeting of equity shareholders on 17 December 2024 for the purpose of considering, and if though fit, approving the proposed Composite Scheme of Arrangement amongst Asian Granito India Ltd and Affil Vitrified Pvt Ltd, Ivanta Ceramics Industries Pvt Ltd, Crystal Ceramic Industries Ltd, Affil Ceramics Ltd, Ivanta Ceramic Ltd, Crystal Vitrified Ltd, Amazoone Ceramics Ltd and AGL Industries Ltd and their respective Shareholders and Creditors. Company had earlier received “No Objection” letter from stock exchanges – Bombay Stock Exchange and National Stock Exchange for the proposed demerger.

Company board on 15 October by way of passing circular resolution has approved allotment of 47.14 lakh equity shares on conversion of an equal amount of warrants at an issue price of Rs. 48.15 per share (including a premium of Rs. 38.15 per share) to person belonging to the Promoter / Promoter- Group Category, on preferential basis, upon receipt of the amount aggregating to Rs. 17.02 crore. On 8th October, company board allotment of 77.82 lakh equity shares on conversion of an equal amount of warrants to person belonging to non-promoter group at Rs. 48.15 per share upon receipt of the amount aggregating to Rs. 28.10 crore. Promoter Group holding in the company as on 15 Oct 2024 stands at 29.80%.

With its in-house manufacturing capacity and robust R&D team, the company has recently launched a new range of 60 products in kitchen and bathware to its extensive catalogue thereby expanding their SKUs.  The company has established a 0.66 million pieces per annum cutting-edge tech plant at Morbi, Gujarat for bathware products, marking a significant shift from third-party sourcing to internal manufacturing.

Business Highlights

• Exports for Q2 FY25 at Rs. 77 crores; Exports for H1 FY25 at Rs. 127 crores
• Meeting of equity shareholders on 17 December for the purpose of considering, and if though fit,
  approving the proposed demerger amongst Asian Granito India Ltd and other entities
• Approved allotment of 47.14 lakh equity shares to promoter group and 77.82 lakh equity shares to
  non-promoter group on conversion of equal amount of warrants at an issue price of Rs. 48.15 per
  share
• Company recently launched a new range of 60 products in kitchen and bathware expanding SKUs
• Company signed renowed Bollywood star Ranbir Kapoor as brand ambassador and launched
  campaign “Premium ka Pappa”
• Company signed renowed Bollywood actress Vaani Kapoor for its Bonzer7 brand

Highlights: – H1FY25 Results

For the six months ended September 2024 (H1FY25), on the consolidated basis, company has reported a net profit of Rs. 5.0 crore, EBITDA of Rs. 32.1 crore and net sales of Rs. 727 crore.

On Standalone basis, the company has reported a net profit of Rs. 6.9 crore, EBITDA of Rs. 23.3 crore and net sales of Rs. 634 crore.

About AGL

Established in the year 2000, AGL has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand in a short span of two decades. The Company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Bathware and Faucets. AGL products are synonymous with reliability, adaptability, innovation, quality consciousness and the company has created a strong brand identity, well recognized globally and loyal customer following across segments. Today it is 4^th largest listed ceramic tile company in India with Strength of more than 400 field force.

Ranked amongst the top ceramic tiles companies in India, AGL has achieved over 65 times growth in its production capacity, from 0.83 Million Sq. Mtrs. Per Annum in FY 2000 to 54.5 Million Sq. Mtrs. Per Annum in FY 2023. AGL is also the only tiles company to be acknowledged in the Vibrant Gujarat Summit 2015 for achieving phenomenal growth.

The Company has 14 state-of-the-art manufacturing units spread across Gujarat and 277 plus exclusive franchisee showrooms, 13 company owned display centres across India. Further, the Company has an extensive marketing and distribution network pan India with 18,000 plus touchpoints including distributors, dealers and sub-dealers in India. The company also exports to more than 100 countries.

The Company looks to strengthen its identity as the leader in the Indian ceramic industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Headquartered in Ahmedabad, AGL is listed on NSE & BSE and reported net consolidated turnover of INR 1530.6 crore in FY 2024. (For more information, please visit: www.aglasiangranito.com)

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.

Surat (Gujarat) [India] November 15: BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks and Panels in India has reported revenue from operations of Rs. 51.66 crore for Q2FY25 ended September 2024 as compared to operational revenue of Rs. 58.90 crore in Q2FY24. EBITDA for Q2FY25 reported at Rs. 7.66 crore (EBITDA Margin 14.89%) as against EBITDA of Rs. 14.86 crore (EBITDA Margin 25.30%) in Q2FY24. Consolidated Net Profit during Q2FY25 was reported at Rs. 2.18 crore attributable to the owners of the Company.

During Annual General Meeting held on August 29, 2024, the company approved issue of bonus equity shares in the ratio of 1:1. Company also approved final dividend – 20% – Rs. 0.40 per equity share for the financial year ended March 2024 along with the proposal of increasing the authorised share capital of the company from Rs. 15 crore to Rs. 30 crore divided into 15 crore Equity Shares of Rs. 2 each.

Highlights:

• Bigbloc Building Elements Pvt Ltd, a wholly-owned subsidiary, has completed Phase 2 expansion at its Wada facility, doubling its manufacturing capacity from 2.5 lakh to 5 lakh cubic meters per annum.
• With the new solar plant, BigBloc constructions and subsidiaries will achieve 3475 KW of solar output
• Company has reported robust 3 year Revenue CAGR of 33% and EBITDA CAGR of 66%
• The promoters group increased holding in the company to 72.48% as of September 2024

The promoters group have increased their holding in the company to 72.48% as of September 2024, acquiring 1.34 lakh shares from the open market. Like the previous years, promoter group have continue to waive their rights for final dividend announced for the FY 2023-24 as well to support business expansion plans.

 Commenting on the company’s performance, Mr. Narayan Saboo, Bigbloc Construction Ltd said, “The Q2 FY25 financial performance was primarily impacted by excessive monsoon conditions in Western India, which affected demand, production schedules, supply chains, and operational efficiency. The consolidated capacity utilisation of the three running plants was 60%, which was lower due to the Umargaon, Wapi plant being shut due to technology upgradation. We are optimist for a strong growth in the Q3 and Q4 of the FY25. Umargaon Plant upgradation has been completed as on 16 Oct 2024 and has commenced operations since which shall be scaled up gradually.”

The capacity utilization at Starbigbloc Building Material Ltd and BigBloc Building Elements Pvt Ltd for the second quarter was 76% while Siam Cement Bigbloc Construction Technologies Private Ltd was at 16% due to lower demand caused by monsoon and the company has introduced a new AAC (Autoclaved Aerated Concrete) wall product, which led to teething issues during production and pending certifications were also contributing to the low utilization.

Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed company in the AAC Block Space with an installed capacity of 1.3 million cbm per annum. Company’s manufacturing plants are located in Kheda, Umargaon (Vapi), Kapadvanj (Ahmedabad) in Gujarat and Wada (Palghar) in Maharashtra. Company’s facility in Kheda is uniquely equipped to manufacture both AAC blocks and the innovative AAC wall. It is among very few company in AAC industry to generate carbon credits.

The Company has reported robust 3 year Revenue CAGR of 33% and EBITDA CAGR of 66% along with healthy Return on Capital Employed of 21.38%, Return on Equity of 28.27% and Debt Equity of 1.1 times.

Business Highlights: – H1FY25 Results

• Bigbloc Building Elements Pvt Ltd, wholly owned subsidiary of the company has announced completion of phase 2 expansion of their AAC Blocks manufacturing plant located at Wada, Maharashtra. With this expansion, the company has doubled its manufacturing capacity from 250,000 to 500,000 cubic meters per annum thereby establishing BigBloc Constructions Limited as the one of the largest AAC block manufacturer in India. Additionally, 625 KW of solar rooftop at the Wada plant is also commissioned alongside the expansion.
• SIAM Cement BigBloc Construction Technologies Pvt Ltd, a joint venture between BigBloc Construction Ltd and Thailand’s SCG International, launched its India operations with a Rs. 65 crore investment in Kheda, Gujarat. The company has inaugurated India’s first AAC Wall Plant, producing large-format AAC Wall products (8-12 feet long, 2 feet wide, and 3-8 inches thick). The plant has an initial capacity of 2.5 lakh cubic meters per year with plans to double capacity in the next phase. Company has launched products under the brand name “ZMARTBUILD WALL by NXTBLOC”. BigBloc Construction holds 52% in the joint venture company.
• BigBloc Constructions Ltd. is advancing its Green Initiative by expanding solar capacity to foster sustainability and reduce its carbon footprint. Previously, it installed rooftop solar projects of 700 KW at the Umargaon plant and 625 KW at Wada. With a new order for an additional 2150 KW, the company’s total solar capacity will soon reach approximately 3475 KW across all facilities, supporting its commitment to a greener future.
• Bigbloc Construction Limited’s move into manufacturing construction chemicals is a strategic expansion that could position the company as a key player in the growing construction materials market. With products like Block Jointing Mortar, Ready Mix Plaster, and Tile Adhesives, the company is tapping into high-demand sectors within the construction industry.

India is the second largest block manufacturer in the World after China and AAC market in the country is expected to grow rapidly going forward. Sustainable and non-toxic building construction material, AAC blocks and AAC Walls are lightweight, soundproof, and fire resistant, offer superior build quality, eco-friendly and economical too compared to traditional bricks.

BigBloc Construction Limited is India’s leading AAC block manufacturing company. The Company markets its products under the brand name ‘NXTBLOC’. The company has executed over 2,000 projects so far and has another 1,500 plus in the pipeline. The company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, Prestige, Piramal, Oberoi Realty, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, and Sunteck, Sethia Infrastructure Pvt Ltd, Dosti Group, Purvankara Ltd among others. During the quarter company added new customers including DY Patil, JJ Hospital, Taj Hotels, Godrej Properties, Torrent Pharma, GAIL among others.

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] November 15: Trusted since 1994, NJ Wealth has become a leading platform in the mutual fund distribution industry, helping distributors build successful businesses while serving millions of families across India and globally. With its robust technology-driven platform, NJ Wealth provides the tools, resources, and ongoing support to distributors, allowing them to scale operations, enhance client relationships, and offer long-term wealth-building strategies. Whether transitioning from insurance, sales, or other sectors, distributors have leveraged NJ Wealth’s training and resources to achieve remarkable growth and success.

Today, NJ Wealth manages ₹2,41,520 crore in AUM, with 35,69,294 happy investors and over 41,148 active distributors. Their collective efforts result in a SIP book of ₹13.75 crore, serving over 5,000 families. The company’s digital platform ensures distributors can operate efficiently, while the continuous educational support keeps them ahead of market trends. These success stories highlight how NJ Wealth’s blend of personalized service, advanced technology, and strategic guidance has empowered distributors to achieve sustainable growth and foster lasting client success.

Through resilience, expertise, and NJ Wealth’s unwavering support, these NJ Wealth mutual fund distributors have achieved remarkable success stories across India. Starting from diverse backgrounds—such as sales, insurance, and finance—they navigated challenges to build flourishing distribution businesses, collectively managing over ₹2,542 crore in AUM and SIP books worth millions. NJ Wealth’s advanced digital platform and robust training have empowered each distributor to streamline operations, provide personalized client service, and expand their reach nationally and internationally.

Their dedication also extends to giving back, as seen in initiatives supporting CSR, empowering female financial literacy, and guiding millennials into wealth-building opportunities. These stories illustrate the transformative impact of NJ Wealth’s support and the distributors’ commitment to family-centric financial planning.

With NJ Wealth’s Support, Ashish Mahajan Turns Challenges into a ₹160 Crore Success Story in Nagpur

Ashish Mahajan has built a thriving mutual fund distribution business in Nagpur, managing ₹160 crore in AUM and a ₹1.15 crore SIP book, with NJ Wealth’s steadfast support. Beginning his career in sales and marketing, the 2008 recession led him to shift from promoting Intel products to working in insurance.

Despite family resistance rooted in LIC ties, Ashish joined NJ Wealth in 2013, determined to succeed in mutual funds. By 2016, he fully transitioned, now serving 700 families, thanks to NJ Wealth’s robust training. Beyond numbers, Ashish is committed to CSR, supporting schools, NGOs, and recently insuring 40 teachers. His journey reflects resilience, NJ Wealth’s mentorship, and a strong commitment to integrity and giving back.

How Marzee Leveraged His Financial Knowledge in Mumbai to Achieve Global Client Reach as an NJ Wealth Mutual Fund Distributor

Mr. Marzee Kerawala, a top NJ Wealth Mutual Fund Distributor, transitioned from his Chartered Accountancy career and role as a finance manager at Wingspan GSA of Aeroflot to a thriving career in mutual fund distribution. Though his career began outside the investment field, Marzee’s financial acumen drew friends and family seeking his investment advice.

Today, he manages ₹1300 crore in AUM with a ₹4 crore SIP book, serving 700 families—40% of whom are outside Mumbai, thanks to NJ Wealth’s digital platform. His journey with NJ Wealth began in 2005, and the 2008 financial crisis sharpened his insights on market resilience. With NJ Wealth’s support, he now serves a global client base, including over 100 NRIs. Marzee’s success underscores the impact of technology and NJ Wealth’s guidance in expanding reach and delivering personalized financial planning.

Empowering 1000+ Families in Nagpur with NJ Wealth: Prakash Nimje’s Journey as a Mutual Fund Distributor

Prakash Nimje, a dedicated mutual fund distributor in Nagpur, has built an impressive ₹360 crore AUM and a ₹2.2 crore SIP book through hard work and NJ Wealth’s support. Starting as a Post Office agent in 1995, he added LIC services before venturing into mutual fund distribution in 2008, a move backed by NJ Wealth’s resources and training.

Despite early challenges, Prakash remained committed, studying late to master financial concepts. His focus on client education and long-term investment paid off, as he guided clients through market downturns. Supported by his wife, who managed backend operations, Prakash leveraged NJ Wealth’s digital platform to enhance his reach, now connecting with 125 clients daily. His journey reflects the power of perseverance, NJ Wealth’s guidance, and technology in achieving financial success and client empowerment.

From Insurance to ₹200 Crore Mutual Fund AUM in Jaipur: Sandeep Lodha’s Success Story with NJ Wealth

In 2007, seasoned insurance professional Sandeep Lodha transitioned into mutual funds after experiencing a 60% return on his personal investments. Drawn by the potential for client satisfaction and higher returns, he joined NJ Wealth and now manages ₹200 crore in AUM with a ₹2.3 crore SIP book, serving 2,000 clients.

Initially navigating unfamiliar territory, NJ Wealth’s digital tools and the NJ E-Wealth platform enabled Sandeep to streamline operations, onboard clients digitally, and provide a seamless experience. NJ Wealth’s continual support, including educational resources, empowered him to help clients achieve life milestones through investments. His success has even inspired his son to join the business, recognizing the growth opportunities in mutual fund distribution.

Sandeep attributes his achievements to NJ Wealth’s innovative technology and support, showcasing mutual fund distribution as a rewarding, legacy-building profession.

Women Leading the Way in Delhi: Gurleen Kaur’s Success in the World of Mutual Fund Distribution

In 2008, Gurleen Kaur joined her family’s financial services business as a mutual fund distributor with NJ Wealth, a path influenced by her MBA and strong finance background. Now managing ₹148 crore in AUM and a robust SIP book for 948 clients, Gurleen’s success is anchored in NJ Wealth’s powerful digital platform, which streamlines compliance and back-office tasks, freeing her to focus on client growth.

Gurleen stands out for her dedication to empowering women, employing a team of 12 women who now teach financial literacy within their own families. Although she initially faced scepticism in a male-dominated field, her inclusive approach has won client trust, engaging entire families in financial planning. Looking forward, she urges millennials to consider the financial sector, emphasizing self-discipline and the transformative power of compounding for long-term wealth. Her journey reflects NJ Wealth’s impact and her commitment to fostering financial knowledge.

Next-Gen Leadership in Faridabad: How Anil and His Son Are Transforming Mutual Fund Distribution

In 2007, Anil Kaul joined NJ Wealth as a Mutual Fund Distributor, transforming his career into a successful venture with ₹194 crore in AUM and a robust SIP book. His focus on personalized client service and NJ Wealth’s advanced technology fuelled steady growth.

Recently, his son, Vipul, joined the family business, bringing fresh energy and expertise from his MBA in Entrepreneurship and Business Management. Inspired by his father’s dedication, Vipul manages research and portfolio strategy, adding ₹1-2 crore in AUM from his network. Anil credits NJ Wealth’s platform for streamlining operations, allowing him to focus on nurturing client relationships. He advises young professionals to consider this noble profession, as India’s wealth-building potential grows. For Anil and Vipul, the business represents not just growth but a commitment to clients’ financial futures.

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], November 15: As India undergoes rapid urbanisation, gated communities have become increasingly popular for their secure, community-focused environment. However, rapid urbanisation is also leading to challenges to the safety and security of the residents. The onus of such safety, especially from outsiders, falls on the shoulders of society’s management. Susheel Agarwal, Founder of Ethika Insurance broking, emphasises the need for specialized insurance policies tailored for gated communities to address such challenges and ensure a safe, harmonious living environment.

“India is transforming into an urban society, and gated communities offer a secure lifestyle that resonates with urban residents. However, they also bring complex needs that traditional insurance policies struggle to meet,” says Susheel Agarwal. “At Ethika, we have developed insurance solutions along with multiple insurance companies designed specifically for the evolving requirements of such communities. Our solutions ensure the protection of not only the residential areas but also the common ones. More importantly, we have tailored solutions that can protect the society’s management.”

Addressing the Unique Needs of Gated Communities

Unlike individual homeowners, gated communities require policies that cover common spaces, infrastructure, and shared assets. Traditional insurance products often fail to address issues arising from shared ownership, such as liabilities arising in common areas, unexpected damage, and heightened security risks due to rising crime rates in urban neighborhoods. Ethika’s approach provides comprehensive protection that encompasses all aspects of community living, mitigating potential risks and ensuring peace of mind for residents.

Susheel Agarwal explains, “Our solutions extend beyond the standard policies. We aim to cover every facet of a gated community’s needs, including liability coverage for the community’s management, protection for shared assets like clubhouses and pools, personal accident coverage for security staff and employers liability for the community’s management. Our vision is to ensure that the communities we serve can focus on thriving without worrying about unexpected setbacks.”

Solutions to Common Challenges in Gated Communities

One pressing issue is liability in shared spaces. Accidents in common areas, disputes over property damage, and injuries involving maintenance staff or third-party vendors can become complicated legal and financial challenges. Ethika’s insurance solutions address these liabilities by covering potential disputes and legal costs, ensuring smooth resolution for the community.

Furthermore, Ethika offers customizable insurance plans that address the unique concerns of each gated community, such as natural disaster protection, fire insurance, group health insurance and personal accident insurance for staff. By offering specialized plans, Ethika enables communities to tailor their coverage to align with specific needs and budgets.

An Urban Shift in Living, A New Standard in Security

India’s move towards urban living has accelerated the adoption of gated communities. With this shift comes a greater demand for robust risk management. Ethika’s comprehensive insurance offerings ensure that residents feel safe, and community management can confidently address challenges without risking financial losses.

“Our goal is not just to provide insurance but to foster a peaceful, well-protected environment where community residents and management teams feel supported,” Agarwal adds. “Ethika’s specialized policies are designed to bring real value to gated communities, enabling them to flourish in a rapidly urbanizing India.”

About Ethika Insurance Broking Pvt. Ltd.

Susheel Agarwal founded Ethika on a commitment to ethical, customer-first insurance practices; Ethika Insurance Broking has emerged as a leader in providing customised insurance solutions across India. By offering innovative and flexible coverage plans, Ethika continues to redefine insurance, making it accessible and meaningful for a diverse range of clients, including gated communities, corporations, and individual customers.

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.

Kochi (Kerala) [India], November 14: KLM Axiva Finvest Limited has announced the Company’s eleventh public issue of secured redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1000. The base issue size of the public issue size is ₹5000 lakhs with an option to retain oversubscription up to ₹5000 lakhs, aggregating up to ₹10,000 lakhs. The NCD issue opened on Thursday, 14th November 2024, and will be closed on Thursday, 28^th November 2024.

The NCDs offer ten different investment options for individual investors to choose from. Effective yield for various investment options is ranging from 9.92% p.a. to 11.30% p.a. The face value of NCDs is ₹1000, with multiple investment tenures ranging from 400 days to 79 months, and the minimum investment amount is ₹5,000.

Investors can apply for NCDs through the company’s branches and the BSE online platform. Application forms are available at https://klmaxiva.com/ncd. All investors proposing to participate in the public issue of NCDs of KLM Axiva Finvest Limited should invest only based on information contained in the Prospectus. Please see the section entitled “Risk Factors” beginning on page 18 of the Prospectus for risk in this regard.

“Entire funds raised through the NCD will be utilized for onward lending, financing, and repayment/prepayment of principal and interest on existing borrowings and general corporate purposes “, said Mr. T. P. Sreenivasan, Chairman, of KLM Axiva Finvest Ltd.

Kindly contact us at +91-9961033333 for any further information regarding the Public Issue.

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.

Surat (Gujarat) [India], November 14:  KP Energy Limited, Gujarat’s leading Balance of Plant (BOP) solutions provider for wind and wind-solar hybrid projects, celebrated a significant milestone today with its listing on the mainboard of the National Stock Exchange (NSE). The occasion marks a new chapter for KP Energy as the company steps onto a larger platform to drive sustainable growth and play a central role in India’s renewable energy revolution.

Notably, at the time of the bell-ringing ceremony at NSE, the stock debuted at Rs. 541.00 and reached Rs. 544.90 in the next session.

The listing ceremony, held at SEICC’s Platinum Hall, Surat, witnessed a gathering of prominent stakeholders, industry leaders, and investors, underscoring the company’s prominent position in India’s renewable energy landscape. KP Energy’s journey, from its founding in 2010 to this remarkable event, showcases its unwavering commitment to innovation, sustainability, and excellence in wind and hybrid power solutions.

“We are immensely proud to celebrate KP Energy’s listing on the NSE,” said Dr. Faruk G. Patel, Managing Director of KP Energy. “This milestone is more than a financial achievement; it’s a reflection of our dedication to empowering India with clean, sustainable energy. It also highlights the confidence our partners, investors, and the government have in our mission to build a greener future.”

KP Energy’s listing on the NSE aligns with its rapid growth trajectory. The company reported a consolidated Profit After Tax (PAT) of ₹43.1 crore for the first half of FY25, representing an 84% year-over-year increase. With a robust project pipeline of nearly 2 GW, the company is well-positioned to expand its operations and meet the growing demand for renewable energy in India.

Mr. Affan Faruk Patel, Whole-Time Director of KP Energy, addressed the audience, expressing gratitude to all stakeholders. “This listing is a testament to our collective commitment to innovation and sustainability. We are honoured by the trust placed in us by our investors and partners, and we pledge to continue delivering on our promises, fostering growth, and creating lasting value for all,” he said.

KP Energy’s portfolio boasts over 866 MW renewable energy project energized to date, along with a 520+ MW projects under its operations and maintenance (O&M) purview. The company is also pioneering advancements in technology, including the deployment of LIDAR technology and a centralized Network Operations Center (NOC) to ensure optimal performance and reliability of its renewable energy assets.

As KP Energy embarks on this new phase, the company is positioned to lead India’s transition to renewable energy, supporting the nation’s commitment to reducing carbon emissions and building a sustainable, clean energy ecosystem.

The event was graced by KP Group’s brand ambassador and T-20 Delhi Capitals bowling coach, Munaf Patel, along with Bollywood actors Aditya Pancholi and Sooraj Pancholi. Additionally, Gujarat’s Minister of Forest, Environment, and Climate Change, Mukesh Patel, attended the ceremony, offering his best wishes and highlighting the government’s commitment to renewable energy initiatives.

 

For further information, please visit www.kpenergy.in or contact us at info@kpenergy.in.

About KP Energy Limited: 
Founded in 2010, KP Energy Limited is Gujarat’s premier BOP solutions provider, specializing in wind and wind-solar hybrid projects. The company offers comprehensive, end-to-end solutions across engineering, procurement, construction, commissioning, and operations for utility-scale renewable energy projects. KP Energy successfully listed on the BSE SME Platform on 25th February 2016 and later migrated to the BSE Main Board on 10th October 2018. The Initial Public Offer (IPO) was ₹6.44 crores. As of 5th November 2024, the company boasts a market capitalization of ₹4,232 crore and the company falls under the Top 1000 companies listed on BSE as on March 31, 2024.

About KP Group: Founded in 1994 by Dr. Faruk G. Patel, KP Group has grown to become a highly respected conglomerate in India. Originally established as a logistics service provider, the group has expanded over the years into diverse sectors, achieving cumulative commissioning of 1.37+ GW of renewable energy projects & 3.4+ GW Renewable Energy Orders in hand. We are well on track to achieve 10GW target by 2030.

With more than 30 years of successful operations, KP Group now comprises multiple companies, each playing a vital role in its steady and dynamic growth. In the past decade, KP Group has experienced remarkable growth through strategic diversification into fabrication and galvanizing, renewable energy (solar and wind), and telecom infrastructure. Key entities within the group include KPI Green Energy Limited, KP Energy Limited, KP Green Engineering Limited, and KP Human Development Foundation. Through its expansion in renewable energy, KP Group continues to support India’s industrial progress and economic development, aligning with the nation’s push for sustainable growth in solar and wind energy.

Surat (Gujarat) [India], November 14: BrahmVeda Ventures, an AI-focused venture studio with a mission to build transformative AI-powered businesses, has completed the acquisition of Vedvaani, a pioneering Astro AI app, through a landmark cash and equity deal. Vedvaani has made its mark by blending traditional astrological insights with state-of-the-art AI technology, delivering personalized predictions and habit-building features to its users. This strategic acquisition reflects BrahmVeda’s dedication to harnessing artificial intelligence as a disruptive force to revolutionize industries and deliver impactful, consumer-driven solutions.

Founded by three visionary entrepreneurs – Vipul Kapoor, Nachiket Patel, and Kashyap Pandya – BrahmVeda Ventures is shaping the future of AI innovation by merging AI brilliance with entrepreneurial energy.

Vipul Kapoor, Co-founder of BrahmVeda Ventures, shared his excitement about the acquisition: “We are thrilled to bring Vedvaani into the BrahmVeda family. This acquisition is an essential step in our journey to build ventures that leverage the full power of AI, delivering meaningful and accessible solutions to consumers.”

Rushabh Agarwal, Founder of Vedvaani, reflected on the transition and the future: “It has been an incredible journey building Vedvaani and watching it grow. BrahmVeda’s recognition of the value in what we’ve created validates the potential of this platform.”

Nachiket Patel, Co-founder of BrahmVeda Ventures, emphasized the long-term vision for Vedvaani: “Vedvaani’s distinct Astro AI platform presents an extraordinary opportunity to revolutionize astrology by making it more personalized, predictive, and accessible to a global audience. We look forward to scaling the platform, enhancing its capabilities, and enriching users’ lives with AI-powered spiritual insights.”

Kashyap Pandya, Co-founder of BrahmVeda Ventures, spoke on the venture studio’s growth model: “At BrahmVeda, we actively identify opportunities and validate startup ideas, leveraging our in-house tech team’s expertise to develop cutting-edge AI products. Once the MVP is ready, we take the product to market, providing the necessary expertise, network, and resources to grow the business.”

As BrahmVeda continues to expand its portfolio, the acquisition of Vedvaani reinforces the venture studio’s commitment to developing cutting-edge AI solutions. BrahmVeda aims to accelerate Vedvaani’s growth, enhancing the app’s reach and delivering personalized Astro AI insights to a global audience.

This acquisition comes at a time when India’s AstroTech sector is gaining significant attention from investors. In May, online astrology platform Astrotalk secured INR 110 Cr ($14 Mn) through a mix of primary and secondary funding. That same month, Noida-based astrotech startup InstaAstro raised INR 18.5 Cr ($2.3 Mn) in a Pre-Series A round led by existing investor Artha Venture Fund. In September, Melooha, an Astro SaaS Platform, raised $635,000 in an angel round. The Indian astrotech market, currently valued at approximately INR 30K Cr ($4 Bn), is projected to grow to INR 50K Cr ($6.5 Bn) by 2025.

New Delhi [India], November 14: Om Infra Ltd, a leading infrastructure company, reported another strong quarter that ended September 30, 2024. The company reported a 40 per cent jump on a quarter-on-quarter (QoQ) in its consolidated revenue from operations at Rs 238.43 crores in the September 2024 quarter (Q2FY25). The company reported a revenue of Rs 169.49 crores in the June 2024 quarter. On a yearly comparison, revenue declined slightly from Rs 279.8 crores million in the September 2023 quarter.

The Vijay Kedia invested company clocked a net profit of Rs 3.48 crores in the second quarter of the current financial year. It reported a net profit of Rs 12.53 crores in the preceding quarter ended on June 30, 2024. Its bottom line stood at 23.68 crores in Q2FY24. Om Infra’s profitability took a hit on the back of higher expenses, which came in at Rs 229.38 crores.

The engineering segment continued to remain the key driver of the revenue with a revenue of Rs 219.41 crores, while the real estate sector contributed Rs 19.01 crores to the revenue for Q2FY25. Operational profit came in at Rs 17.35 crores, with EBITDA margins stood at 7.28 per cent for the quarter.

SK Jain, Chief Financial Officer of Om Infra Ltd, said, ‘’We have recorded a strong revenue growth in the September 2024 quarter. The profit is almost the same, and we are hoping to improve it going forward. We are largely focusing on pump storage and water pipeline and irrigation-related projects in India in terms of huge budget allocation by the government in the incoming years 2025 onwards. India promises huge potential and growth for companies in the water sector. We are going to place ourselves in a gainful way in this India story.’’

Recently company has won a significant new hydro-mechanical (HM) works order valued at Rs 410 crore from the Chenab Valley Power Projects, Jammu and Kashmir. Om Infra is a conglomerate involved in diverse business activities and interests related to Hydro-mechanical equipment, turnkey solutions for infra engineering, water pipelines, civil structures of dams, etc.

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],November 13: Mumbai-based Mayukh Dealtrade Limited, a BSE listed firm (BSE: 539519) engaged in manufacturing of various kinds of burners, has announced robust financial results for the quarter ended on 30th September, 2024.

For the second quarter of financial year 2024-25, Mayukh Dealtrade reported a net profit of Rs. 61.77 lakh, 125% higher than Rs. 27.47 lakh reported in the corresponding quarter of the previous financial year. The company’s net sales/income from operation in Q2FY25 was Rs. 159.97 lakh, 248% higher than Rs. 45.94 lakh in the corresponding quarter of the previous fiscal.

For the first half of financial year 2024-25, Mayukh Dealtrade’s net profit was Rs. 95.57 lakh, 168.6% higher than Rs. 35.37 lakh in the first six months of the previous year. Total income was Rs. 239.62 lakh, an increase of 129% over the income of Rs. 104.65 lakh reported in the corresponding period of the previous fiscal.

Consolidated Financial Highlights (Rs. Lakh)

	Q2 FY25	Q2 FY24	Y-O-Y	H1FY24	FY23	Y-O-Y
Net Sales	159.97	45.94	248%	239.62	104.65	60.57%
Net Profit	61.77	27.47	125%	95.57	35.37	168.6%

Commenting on the performance of the company, Mr. Mit Brahmbhatt, Managing Director of Mayukh Dealtrade, said, “We are delighted with our performance in the second quarter of the financial year. The results are in line with our expansion and growth plans. The faith and confidence of our stakeholders has been critical to our success and we aim to continue to further strengthen our market position.”

Aided by growth in emerging markets, favourable government initiatives and technological advances, the global electrical equipment market is expected to touch $1,662 billion by 2025 and $2,248.2 billion in 2030. Political uncertainty, geopolitical tensions and volatile market prices are concerns, but the sector is well-poised to continue strong growth in the years to come. Innovations in electrical equipment and rising investments in energy-efficient infrastructure are expected to spur growth.

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] November 13: Hafele India is once again set to make a significant impact at Acetech 2024, reaffirming its dedication to delivering solutions that enhance the value of everyday spaces. With a long legacy of excellence and an ongoing commitment to transforming living and work environments, Hafele empowers customers with versatile, efficient solutions tailored to the evolving needs of modern living.

This year, Hafele’s booth centres around the brand purpose, “Maximising the Value of Space. Together,” that was introduced last year. This purpose guides Hafele in creating functional, intelligent, atmospheric, and organised environments that adapt to the unique needs of today’s lifestyles. The purpose has been thoughtfully curated to highlight the shared value of maximising potential, a philosophy championed by Hafele’s brand ambassador, Mr. Sachin Tendulkar. Visitors to the booth will embark on an inviting journey through distinct spaces, designed to create an immersive experience that captures Hafele’s seamless blend of innovation, functionality, and style where they would explore how the company’s solutions cater to every room / space.

Mr. Frank Schloeder, Managing Director of Hafele South Asia, stated, “India is a highly promising and dynamic market brimming with opportunity. Year after year, Hafele has achieved outstanding growth here, and we are excited about expanding further. Being part of Acetech 2024 will also give Hafele an opportunity to showcase multiple products including our curtain raisers and emerging innovations as well as highlight our holistic capability as a brand.”

Here’s a short preview on Hafele’s latest advancements in premium appliances, kitchen systems and fittings, lighting systems, surfaces and water solutions showcased at Acetech 2024:

Appliances 

Luxury Appliances

ASKO Style Series Laundry Solution: Attention to detail and providing innovative solutions for modern living is what sets ASKO appliances apart. The Style series from ASKO encompasses the entire range of laundry care solutions which includes washing machines, tumble dryers, drying cabinets and hidden helpers. These appliances have a full-size front panel made from a single piece of solid steel that surrounds the stylish horizontally brushed aluminium panel.

Falmec’s Shelf 120 cookerhood incorporates a very thin suction element in a shelf structure of only 100 mm thickness, equipped with a removable vane to increase smoke suction capacity. This element with hood function can be enhanced with additional modules to create a versatile hanging furniture system on the wall. Winner of the 2023 Germany Design award, this innovative cookerhood is the icon of concept, high quality of design, innovation and accessibility.

 

Premium Appliances

Teresa Cookerhoods: First ever cookerhoods with the Filter-Free technology, Teresa cookerhoods offer convenience and a hassle-free experience like never before. Designed with the Indian household in mind, these cookerhoods are efficient, operate with low noise and are a sustainable solution for seamlessly maintaining clean and comfortable cooking environments.

Cronus Digi-Step Hob: Sporting Digital Multi Timers that can be set separately for each burner, and the Graduated Flame Technology which offers multiple flame level options, Cronus Digi-Step Hobs are very convenient to use and deliver precise cooking results.

Small Kitchen Appliances

The Magnus Cold Pressed Juicer: It is designed to work at a much slower pace as compared to a regular juicer and is hence able to extract fruit and vegetable juices without applying heat, the absence of which helps retain a maximum number of nutrients.

The U-Kaffee Plus Coffee Machine: It can brew you the most delectable shot of espresso, a rich cappuccino or a creamy latte – all in the comfort of your own home. So, while you sit back and turn on your favourite music, U-Kaffee Plus adeptly works to bring out the best coffee with the perfect aroma versus taste balance.

Lighting Solutions

One Cable: It is a unique furniture lighting solution that offers easy installation into your cabinets. Powered by the Loox 5 drivers, this solution provides a seamless lighting experience across your furniture.

R One Architectural Light: These plug-n-play lights offer a glare-free light output, thanks to the innovative design of the reflector. Featuring multi-white LEDs and integrated Bluetooth Mesh networking, these lights offer a seamless and convenient lighting experience.

Retail Lights: Equipped with high-quality LEDs and narrow refraction angle, Hafele’s Retail lights deliver a focused light output for clear accentuation. With a 360-degree rotation angle and 180-degree vertical pan angle, these lights are most suited for shops and museums.

Kitchen Fittings:

MatrixBox Premium and Premium+ Drawer Systems: This is a robust, functionally efficient and a seamlessly aesthetic solution, the Push-to-open technology for handle-less drawers is enabled by this solution.

The MatrixBox Slim Drawer System: With 13 mm thin drawer sides, this solution features simple assembly as well as unrivalled design and flexibility in application. It is suitable for installation in kitchens, bedrooms and bathrooms. MatrixBox Slim comes with 3 height options, 2 side design options (Solid & Décor) and 2 weight carrying capacities (40 & 60 kg); giving you the widest choice for a host of applications.

Free Space: The new Free Space by Hafele offers an innovative stay flap fitting which, with its strong features and universal aesthetics, can be used in furniture across interior spaces. It immediately provides added value and more efficiency when working. Inspired by the requirements of the market of tomorrow, Free space fulfils all demands for creative freedom and choice of material, design, ease of installation and con­venient operation on a whole new level.

Project 2 Aluminium Profiles: A unique modular Aluminium profile system, Project 2 offers both structural stability and seamless aesthetics for your kitchen islands. Crafted in line with the latest design trends, this Aluminium profile system comprises of multiple components that enable a flexible installation experience along with various design possibilities, elevating your kitchen aesthetics.

Vauth Sagel Flex Larder System: It offers a flexible, modular storage solution for organizing cabinet interiors. Whether in the kitchen or utility room, it enables customized storage arrangements to meet typical needs around the hob, oven, sink, or washing machine areas.

Surfaces and Water Solutions

Terra Surfaces: The Terra Range, a Quartz dominated, Hafele’s In-house surface range is composed of colour pigments and binding agents to form a solution that is immensely strong, versatile and creatively workable for a wide array of home applications. It comes with 27 elegant yet contemporary colours that add to the versatility of this range. Cemento, Carbonite, Nebula White, Olympia Gold, Crema Dolce, Bianco Misterio, Crema Champaigne and Pebble are some of its colour options. Each colour has a soul and unique characteristic of its own.

Blanco Range: Long gone are the times when a kitchen was merely used for function, these days it can be the architectural nucleus of your home. Putting this into perspective, Hafele’s range of Silgranit kitchen sinks and faucets by Blanco backed by 60 years of experience and research in market knowledge, engineering proficiency and latest technologies is one of their highlight product ranges. This was conceptualised and created in line with emerging interior trends, engineered for seamless design integration and superior performance in kitchens. Among the standout offerings in this range are the ADIRA, Axia, and Linus S, each showcasing exceptional design and functionality.

The Hafele Booth at Acetech 2024 promises an interactive experience that will bring visitors closer to our solutions. This approachable setup encourages relatability at all levels, be it a homeowner, a designer or an architect.

Hafele remains committed to enriching living spaces by staying at the forefront of the constantly evolving consumer needs and design trends. Commitment has always been reflected at Hafele’s Acetech Booth, and this year we encourage you to join us at our booth at Acetech 2024 and discover products that embody our dedication to quality, innovation and design excellence.

We invite you to experience our booth as well as our purpose – Maximising the Value of Space. Together.

About Hafele

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.

Log onto https://www.hafeleindia.com/en/info/service  to find the nearest

Hafele showroom or design centre.

Website: https://www.hafeleindia.com/en/

Customer Care Toll Free: 1800 266 6667

Customer Care WhatsApp: +91 97691 11122

Customer Care Email ID: customercare@hafeleindia.com

Visit us:

On: 14th to 17th November 2024

At: The Hafele Booth, Hall 1, B5 & 6, and C5, Bombay Convention and Exhibition Centre, Goregaon, Mumbai.

Contact Details for any press inquiries and additional information about Hafele’s participation in Acetech email shivangi.sinha@hafeleindia.com

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.