Tag: Business

  • The 5 Things That Make a Neighbourhood Worth Living In — and How to Spot Them

    The 5 Things That Make a Neighbourhood Worth Living In — and How to Spot Them

    Alembic City; curated green zones woven into the residential fabric, kind of thoughtful design

    Vadodara (Gujarat) [India], May 12: Choosing where to live is one of the most significant decisions you will ever make. The apartment size and floor plan matter, of course. But what truly shapes your daily quality of life is the neighbourhood around your front door. A well-chosen neighbourhood can turn a good home into a great life.

    So how do you assess a neighbourhood before committing? Here are five defining qualities that separate a truly liveable area from one that merely looks good on a map.

    1. Does the Neighbourhood Have Enough Green Space?

    Green space directly influences mental wellbeing, physical activity, and community bonds  it is not a decorative afterthought. Walk the neighbourhood at different times of day. Are parks maintained and actually used? At Alembic City, curated green zones are woven into the residential fabric, the kind of thoughtful design seen in projects like The Gardens II and Park Crescent, where landscape architecture and residential planning coexist rather than compete.

    2. Does Connectivity Actually Work for Daily Life?

    A neighbourhood’s value depends on where it connects you. Good connectivity means proximity to arterial roads, public transport, business districts, and airports. Don’t rely on GPS estimates  run a real commute test at peak hour. Whether you’re evaluating new residential projects in Vadodara or Bangalore, proximity to the city’s commercial hubs is a non-negotiable criterion.

    3. Are Everyday Conveniences Within Easy Reach?

    The luxury of a beautiful home fades fast if you’re driving 40 minutes for groceries. The best neighbourhoods function like self-sufficient ecosystems  schools, hospitals, supermarkets, and pharmacies all within a short radius. Apply the 20-minute test: can you complete your most common daily tasks within a 20-minute round trip? Alembic City is built around exactly this idea  everything a resident needs, from retail to recreation, accessible without a cross-town journey.

    4. Is the Neighbourhood Safe With a Strong Community Culture?

    Safety is not just about crime statistics, it’s the felt sense of security that lets your children play outside and allows you to take an evening walk without hesitation. Community culture matters equally. Gated communities and curated developments, such as those offering 3 BHK and 4 BHK luxury apartments in Vadodara, invest heavily in security infrastructure and community management, making this easier to evaluate upfront than in open neighbourhoods.

    5. Will the Neighbourhood Hold Its Value Over the Long Term?

    A neighbourhood worth living in today should be worth living in a decade from now. Research the developer’s track record  do they deliver on their promises? Is there a coherent urban vision or a patchwork of mismatched construction? Cities like Vadodara and Bengaluru are seeing strong real estate momentum, and areas where residential growth is backed by commercial development tend to produce more resilient, vibrant communities over time.

    Putting It All Together

    Green space, connectivity, daily convenience, community culture, and long-term planning neighbourhoods that score well across all five are built with a holistic vision, not a plot-by-plot approach. Projects like Gardens II, Cloud Forest, and Park Crescent at Alembic City reflect exactly this ambition: places designed not merely to be purchased, but to be lived in, fully.

    Before you sign on the dotted line, step outside the show flat. Walk the streets, test the commute, talk to a neighbour. The neighbourhood will tell you everything you need to know.

    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.

  • The 5 Things That Make a Neighbourhood Worth Living In — and How to Spot Them

    The 5 Things That Make a Neighbourhood Worth Living In — and How to Spot Them

    Alembic City; curated green zones woven into the residential fabric, kind of thoughtful design

    Vadodara (Gujarat) [India], May 12: Choosing where to live is one of the most significant decisions you will ever make. The apartment size and floor plan matter, of course. But what truly shapes your daily quality of life is the neighbourhood around your front door. A well-chosen neighbourhood can turn a good home into a great life.

    So how do you assess a neighbourhood before committing? Here are five defining qualities that separate a truly liveable area from one that merely looks good on a map.

    1. Does the Neighbourhood Have Enough Green Space?

    Green space directly influences mental wellbeing, physical activity, and community bonds  it is not a decorative afterthought. Walk the neighbourhood at different times of day. Are parks maintained and actually used? At Alembic City, curated green zones are woven into the residential fabric, the kind of thoughtful design seen in projects like The Gardens II and Park Crescent, where landscape architecture and residential planning coexist rather than compete.

    2. Does Connectivity Actually Work for Daily Life?

    A neighbourhood’s value depends on where it connects you. Good connectivity means proximity to arterial roads, public transport, business districts, and airports. Don’t rely on GPS estimates  run a real commute test at peak hour. Whether you’re evaluating new residential projects in Vadodara or Bangalore, proximity to the city’s commercial hubs is a non-negotiable criterion.

    3. Are Everyday Conveniences Within Easy Reach?

    The luxury of a beautiful home fades fast if you’re driving 40 minutes for groceries. The best neighbourhoods function like self-sufficient ecosystems  schools, hospitals, supermarkets, and pharmacies all within a short radius. Apply the 20-minute test: can you complete your most common daily tasks within a 20-minute round trip? Alembic City is built around exactly this idea  everything a resident needs, from retail to recreation, accessible without a cross-town journey.

    4. Is the Neighbourhood Safe With a Strong Community Culture?

    Safety is not just about crime statistics, it’s the felt sense of security that lets your children play outside and allows you to take an evening walk without hesitation. Community culture matters equally. Gated communities and curated developments, such as those offering 3 BHK and 4 BHK luxury apartments in Vadodara, invest heavily in security infrastructure and community management, making this easier to evaluate upfront than in open neighbourhoods.

    5. Will the Neighbourhood Hold Its Value Over the Long Term?

    A neighbourhood worth living in today should be worth living in a decade from now. Research the developer’s track record  do they deliver on their promises? Is there a coherent urban vision or a patchwork of mismatched construction? Cities like Vadodara and Bengaluru are seeing strong real estate momentum, and areas where residential growth is backed by commercial development tend to produce more resilient, vibrant communities over time.

    Putting It All Together

    Green space, connectivity, daily convenience, community culture, and long-term planning neighbourhoods that score well across all five are built with a holistic vision, not a plot-by-plot approach. Projects like Gardens II, Cloud Forest, and Park Crescent at Alembic City reflect exactly this ambition: places designed not merely to be purchased, but to be lived in, fully.

    Before you sign on the dotted line, step outside the show flat. Walk the streets, test the commute, talk to a neighbour. The neighbourhood will tell you everything you need to know.

    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.

  • Iris Clothings (IRISDOREME) Reports Stellar Performance in Q4FY26 Result Revenue Growth of 50%, and Net Profit Jumps by 44%

    Iris Clothings (IRISDOREME) Reports Stellar Performance in Q4FY26 Result Revenue Growth of 50%, and Net Profit Jumps by 44%

    Howrah (West Bengal) [India], May 12: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, announced its financial results for the fourth quarter and full year ended March 31, 2026.

    FY26 Key Financial Highlights

    • Total Income of ₹1,909 Mn, YoY growth of 30.5%
    • EBITDA of ₹294 Mn, YoY growth of 4.0%
    • EBITDA Margin stood at 15.4%
    • PAT of ₹162 Mn, YoY growth of 23.4%
    • PAT Margin stood at 8.5%

    Q4 FY26 Key Financial Highlights

    • Total Income of ₹605 Mn, YoY growth of 50.4%
    • EBITDA of ₹110 Mn, YoY growth of 34.1%
    • EBITDA Margin stood at 18.2%
    • PAT of ₹64 Mn, YoY growth of 43.5%
    • PAT Margin stood at 10.6%

    Commenting on the Company’s performance, Mr. Santosh Ladha, Managing Director said:

    We are pleased to report a robust and strong overall performance during the year. This growth reflects the increasing strength of our brand, expanding customer franchise, and the resilience of our business model, supported by a well-entrenched distribution network that has enabled deeper market penetration and sustained momentum across key regions.

    Over the years, we have steadily transformed from a garment manufacturing company into a rapidly emerging branded kidswear player, driven by a strong focus on product innovation, consumer centricity, and market expansion. Our scalable distribution-led platform and growing brand acceptance continue to reinforce our positioning and strengthen our long-term growth trajectory.

    As we enter the next phase of our growth journey, the launch of our dedicated Direct-to-Consumer (D2C) platform marks a significant strategic milestone in building a future-ready omnichannel ecosystem. This digital integration is expected to deepen customer engagement, expand our digital reach, unlock valuable consumer insights, and accelerate data-driven innovation, thereby creating a powerful foundation for scalable and sustainable long-term value creation.”

    About Iris Clothings Limited

    Founded in 2004 and headquartered in Howrah, West Bengal, Iris Clothings Limited is a publicly listed company engaged in the design, manufacturing, branding, and distribution of children’s apparel. With seven in-house manufacturing facilities and two warehousing units, the company operates a fully integrated model — allowing scale, speed, and quality control across product categories. Iris Clothings serves over 140 distributors and has a strong retail presence in 26 states across India. In addition to DOREME, the company has developed multiple brand verticals and continues to focus on affordable fashion innovation. Iris Clothings Limited has been listed on NSE since 2018.

    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 like 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.

  • Iris Clothings (IRISDOREME) Reports Stellar Performance in Q4FY26 Result Revenue Growth of 50%, and Net Profit Jumps by 44%

    Iris Clothings (IRISDOREME) Reports Stellar Performance in Q4FY26 Result Revenue Growth of 50%, and Net Profit Jumps by 44%

    Howrah (West Bengal) [India], May 12: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, announced its financial results for the fourth quarter and full year ended March 31, 2026.

    FY26 Key Financial Highlights

    • Total Income of ₹1,909 Mn, YoY growth of 30.5%
    • EBITDA of ₹294 Mn, YoY growth of 4.0%
    • EBITDA Margin stood at 15.4%
    • PAT of ₹162 Mn, YoY growth of 23.4%
    • PAT Margin stood at 8.5%

    Q4 FY26 Key Financial Highlights

    • Total Income of ₹605 Mn, YoY growth of 50.4%
    • EBITDA of ₹110 Mn, YoY growth of 34.1%
    • EBITDA Margin stood at 18.2%
    • PAT of ₹64 Mn, YoY growth of 43.5%
    • PAT Margin stood at 10.6%

    Commenting on the Company’s performance, Mr. Santosh Ladha, Managing Director said:

    We are pleased to report a robust and strong overall performance during the year. This growth reflects the increasing strength of our brand, expanding customer franchise, and the resilience of our business model, supported by a well-entrenched distribution network that has enabled deeper market penetration and sustained momentum across key regions.

    Over the years, we have steadily transformed from a garment manufacturing company into a rapidly emerging branded kidswear player, driven by a strong focus on product innovation, consumer centricity, and market expansion. Our scalable distribution-led platform and growing brand acceptance continue to reinforce our positioning and strengthen our long-term growth trajectory.

    As we enter the next phase of our growth journey, the launch of our dedicated Direct-to-Consumer (D2C) platform marks a significant strategic milestone in building a future-ready omnichannel ecosystem. This digital integration is expected to deepen customer engagement, expand our digital reach, unlock valuable consumer insights, and accelerate data-driven innovation, thereby creating a powerful foundation for scalable and sustainable long-term value creation.”

    About Iris Clothings Limited

    Founded in 2004 and headquartered in Howrah, West Bengal, Iris Clothings Limited is a publicly listed company engaged in the design, manufacturing, branding, and distribution of children’s apparel. With seven in-house manufacturing facilities and two warehousing units, the company operates a fully integrated model — allowing scale, speed, and quality control across product categories. Iris Clothings serves over 140 distributors and has a strong retail presence in 26 states across India. In addition to DOREME, the company has developed multiple brand verticals and continues to focus on affordable fashion innovation. Iris Clothings Limited has been listed on NSE since 2018.

    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 like 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.

  • Gaurik Fashions Eyes Retail Expansion With IPO Filing; DRHP Includes Fresh Issue of 62 Lakh Shares

    Gaurik Fashions Eyes Retail Expansion With IPO Filing; DRHP Includes Fresh Issue of 62 Lakh Shares

    Mumbai (Maharashtra) [India], May 12: Gaurik Fashions has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO), aiming to raise capital to expand its premium fashion and lifestyle retail network across India.

    The proposed IPO comprises a fresh issue of 62 lakh equity shares along with an offer for sale (OFS) of 8 lakh shares by existing investor Aries Opportunities Fund. The company intends to list its equity shares on both the National Stock Exchange (NSE) and the BSE.

    The IPO proceeds are proposed to be utilised for the expansion of the company’s retail footprint through new stores for the global footwear and apparel brand Skechers. The company will also invest in its wholly owned subsidiary, Gaurik Lifestyle to open additional outlets for Guess and in subsidiary, Nuvora Retail, for launching new Bugatti stores and supporting inventory requirements.

    Apart from expansion, the company plans to allocate funds towards repayment and prepayment of certain borrowings at both the company and subsidiary levels, along with meeting general corporate purposes.

    Credora Partners and Unistone Capital are acting as the book-running lead managers to the issue, while MAS Services has been appointed as registrar.

    As of March 2026, Gaurik Fashions operated 59 stores across 14 states and Union Territories, retailing footwear, apparel and accessories through partnerships with international brands. Its stores are present in premium retail destinations such as DLF Mall of India, Select Citywalk, DLF CyberHub, and Inorbit Mall.

    The company also highlighted improving operational performance in its DRHP. EBITDA margin expanded to 26.14 per cent, while key brand metrics remained robust. During the period ended December 31, 2025, Skechers recorded average revenue per square foot of ₹16,157 and an average selling price of ₹4,284. Guess reported an average order value of ₹11,303, while Bugatti achieved an average revenue per square foot of ₹46,636.

    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.

  • Kennametal India’s Revenue Grows by 39% in the Quarter Ended March 2026

    Kennametal India’s Revenue Grows by 39% in the Quarter Ended March 2026

    Bengaluru (Karnataka) [India], May 11: Kennametal India Limited (KIL) reported revenues of ₹4031 million for the quarter ended March 31, 2026, representing a growth of 39% compared to ₹2896 million in the corresponding quarter of the previous year. Profit Before Tax (PBT) for the quarter stood at ₹692 million, an increase of 111% over ₹328 million in Q3 FY25.

    Commenting on the performance, Vijaykrishnan Venkatesan, Managing Director, Kennametal India, said, “Our strong performance during the quarter reflects our ability to leverage our diversified product portfolio and capitalize on favorable macroeconomic conditions to drive volume expansion. At the same time, we are actively managing our tungsten supply chain and remain focused on operational excellence to meet our customers’ needs.”

    As part of a long-term growth strategy, Kennametal India is committed to advancing manufacturing excellence, expanding its market presence, and delivering superior value to shareholders.

    KIL announced an Interim dividend of ₹40 per share for FY26.

    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.

  • Patil Automation Posts Robust FY26 Performance; PAT Jumps 35%, Revenue Up 28%

    Patil Automation Posts Robust FY26 Performance; PAT Jumps 35%, Revenue Up 28%

    Pune (Maharashtra) [India], May 9: Patil Automation Limited (NSE: PATILAUTOM | INE17GV01016), a leading provider of turnkey welding, assembly, and robotics-integrated automation systems, has announced its Audited Financial Results for H2 FY26 and FY26.

    H2 FY26 Standalone Key Financial Highlights

    • Total Income of ₹83.27 Cr, YoY growth of 35.26%
    • EBITDA of ₹13.73 Cr, YoY growth of 55.39%
    • EBITDA Margin stood at 16.49%, improved by 214 bps YoY
    • Net Profit of ₹8.32 Cr, YoY growth of 49.06%
    • Net Profit Margin stood at 9.99%, improved by 92 bps YoY
    • Diluted EPS of ₹3.81, YoY growth of 6.72%

    FY26 Standalone Key Financial Highlights

    • Total Income of ₹156.82 Cr, YoY growth of 28.49%
    • EBITDA of ₹26.69 Cr, YoY growth of 38.55%
    • EBITDA Margin stood at 17.02%, improved by 124 bps YoY
    • Net Profit of ₹15.85 Cr, YoY growth of 35.41%
    • Net Profit Margin stood at 10.10%, improved by 52 bps YoY
    • Diluted EPS of ₹7.71, YoY growth of 1.18%

    H2 FY26 Consolidated Key Financial Highlights

    • Total Income of ₹99.04 Cr
    • EBITDA of ₹17.66 Cr
    • EBITDA Margin stood at 17.83%
    • Reported Net Profit of ₹10.25 Cr
    • Reported Net Profit Margin stood at 10.35%
    • Diluted EPS of ₹4.70

    FY26 Consolidated Key Financial Highlights

    • Total Income of ₹172.79 Cr
    • EBITDA of ₹30.65 Cr
    • EBITDA Margin stood at 17.74%
    • Reported Net Profit of ₹17.78 Cr
    • Reported Net Profit Margin stood at 10.29%
    • Diluted EPS of ₹8.65

    The Company got listed on the NSE SME platform w.e.f July 23, 2025; therefore, financial results for the six months ended March 31, 2025, are not applicable.

    The Holding Company acquired shares in its Subsidiary Companies on September 19, 2025. The consolidated financial statements have been prepared for the first time for the year ended March 31, 2026. Accordingly, no comparative figures for the previous year have been presented.

    Commenting on the financial performance, Mr. Manoj Patil, Promoter and Managing Director of Patil Automation Limited, said: “FY26 has been a landmark year for Patil Automation, marked not only by our successful listing on the NSE SME platform but also by strong growth across key financial and operational parameters. Our performance reflects healthy demand, disciplined execution, and continued customer confidence in our automation solutions.

    During the year, we strengthened our capabilities through the commissioning of the Faridabad facility and the inauguration of our Advanced Design Hub in Pune, further enhancing our manufacturing reach and engineering strength. We also marked our entry into emerging clean energy opportunities through the incorporation of PAL Green Energy.

    With a healthy order pipeline, expanding capabilities, and a continued focus on operational excellence, we remain well positioned to sustain our growth momentum going forward.”

    Recent Key Business Highlights

    Strategic Expansion & Infrastructure Development  • Incorporated PAL Green Energy, marking entry into clean energy opportunities.
    • Commissioned the Faridabad facility, strengthening North India presence.
    • Inaugurated the Advanced Design Hub in Pune to enhance engineering capabilities.
  • PayRupik Bags Top Honour for Customer Experience at Global LendTech Summit 2026

    PayRupik Bags Top Honour for Customer Experience at Global LendTech Summit 2026

    Mumbai (Maharashtra) [India], May 9: Sayyam Investments Pvt. Ltd., the company behind digital lending platform PayRupik, has been recognized at the Global LendTech & Collections Summit & Awards Series 2026 with the award for “Best Customer Experience in Lending & Collections.” The recognition highlights the platform’s continued focus on building seamless, transparent, and user-first lending experiences in India’s fast-growing digital credit ecosystem.

    The summit, held at Novotel Mumbai Juhu Beach, brought together industry leaders, fintech innovators, regulators, and risk professionals to discuss the future of lending, collections, and financial technology. The event focused on key themes such as digital transformation, AI-driven collections, regulatory compliance, and customer-centric innovation in credit ecosystems.

    Strengthening Customer Experience in Digital Lending

    PayRupik has consistently worked towards simplifying access to credit while maintaining a strong focus on user experience and compliance. The platform’s approach combines technology with intuitive design to ensure that customers can access financial support without complexity.

    The award recognizes PayRupik’s efforts in building:

    • A smooth and easy loan application journey
    • Faster approval processes supported by robust underwriting
    • Transparent communication across lending and collections
    • Structured and customer-friendly repayment experiences

    These efforts have helped the platform build trust at scale in a market where customer experience is becoming a key differentiator.

    Expanding Credit Access with Higher Loan Limits

    As part of its growth journey, PayRupik has expanded its loan offering, increasing the maximum loan amount to ₹2.5 lakhs. This move reflects the company’s intent to support a wider range of financial needs for its users.

    By offering higher credit limits, the platform aims to provide greater financial flexibility to customers dealing with urgent requirements, planned expenses, or short-term cash flow gaps. At the same time, the company continues to maintain a disciplined approach to risk management and responsible lending practices.

    Growing User Base and Market Presence

    PayRupik’s growth is reflected in its expanding user base and increasing adoption across India. The platform has achieved over 3 crore app downloads and currently serves more than 2.2 crore active users.

    This growth highlights the rising demand for digital-first lending solutions, particularly among underserved and emerging customer segments. The platform’s focus on quick onboarding, minimal documentation, and efficient disbursal has contributed significantly to its adoption.

    Aligned with the Future of LendTech

    The discussions at the Global LendTech Summit emphasized the importance of data-driven decision-making, automation in collections, and stronger compliance frameworks in shaping the future of credit.

    PayRupik’s strategy aligns closely with these industry trends. The company continues to invest in technology to enhance customer experience, improve operational efficiency, and strengthen trust across the lending lifecycle.

    Looking Ahead

    The recognition at the Global LendTech & Collections Summit marks an important milestone for PayRupik. As the digital lending landscape continues to evolve, the company aims to further enhance its offerings, expand credit access responsibly, and deliver consistent value to its growing user base.

    With a strong focus on customer experience, scalable technology, and compliance, PayRupik is well-positioned to play a significant role in shaping the next phase of digital lending in India.

    About Sayyam Investments Pvt. Ltd.

    PayRupik is a digital lending platform focused on providing quick and accessible personal loans through a seamless, technology-driven experience. Backed by a registered NBFC, the platform offers a range of credit solutions, including short-term loans and personal loans, designed to meet diverse financial needs. Leveraging data-driven processes, PayRupik ensures efficient credit delivery while maintaining high standards of compliance and transparency. With a fast, secure, and user-friendly approach, it simplifies the borrowing journey for today’s users.

    More Details at:

    Sayyam Investments: www.sayyaminvestments.in

    PayRupik: www.payrupikloan.in

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  • Neetu Yoshi Raises INR 27.48 Cr for Expansion, Secures INR 14.76 Cr Wagon Manufacturing Order

    Neetu Yoshi Raises INR 27.48 Cr for Expansion, Secures INR 14.76 Cr Wagon Manufacturing Order

    New Delhi [India], May 8: Neetu Yoshi Limited (BSE: 544434), one of the leading manufacturing customized products in various grades of ferrous metallurgical materials, including mild steel, spherical graphite iron, cast iron, and manganese steel, has announced key outcomes from its Board Meeting held on April 29, 2026, including approval of a preferential fund raise aimed at strengthening its next phase of growth.

    Key Highlights of the Announcement:

    • Approved fund raising of ₹27.48 Cr through issuance of 26,42,400 convertible warrants 
    • Warrants convertible into equity shares of face value ₹5 each 
    • Issue price fixed at ₹104 per warrant 
    • Subject to shareholder and regulatory approvals

    The preferential allotment includes participation from promoters as well as a diversified set of investors, reflecting continued confidence in the Company’s business outlook and long-term growth prospects.

    Strategic Growth and Expansion:

    The proposed fundraising is aligned with the Company’s ongoing efforts to scale its manufacturing capabilities and strengthen its presence across critical railway components. With increasing demand visibility and a growing order pipeline, the additional capital is expected to support efficient execution and enhance operational capabilities.

    The company has also received a significant purchase order from an India-based wagon manufacturer for the supply of Cast Steel Blocks.

    Key Highlights of the Order:

    • Order Value: ₹ 14.76 Cr (excluding GST)
    • Nature of Order: Manufacturing and supply of Cast Steel Blocks (Grade 101)
    • Client: India-based wagon manufacturer
    • Execution Period: May 2026 to December 2026

    Strategic Significance:

    This order further reinforces company’s growing footprint in the domestic railway and wagon manufacturing supply chain. The Company’s ability to supply precision-engineered Cast Steel Blocks with and without austempering treatment reflects its advanced metallurgical capabilities and consistent quality standards.

    The order is expected to contribute meaningfully to the company’s revenues during the execution period and demonstrates continued demand for the company’s specialized casting products from key players in the Indian transportation and railway infrastructure sector.

    The Company continues to focus on expanding its product portfolio and strengthening its position within the railway supply chain, while maintaining financial flexibility to support future growth initiatives.

    Neetu Yoshi Limited is an RDSO-certified vendor supplying critical components to Indian Railways and remains committed to delivering high-quality, precision-engineered products.

    Commenting on the development Mr. Himanshu Lohia, Managing Director cum Chief Financial Officer, Neetu Yoshi Limited said, “This fund raise marks a strategic step in our long-term growth journey, enabling capacity expansion, enhanced manufacturing capabilities, and a move up the value chain. With strong demand visibility driven by Indian Railways’ ongoing modernization, we are well-positioned to execute larger and more complex orders efficiently. The participation of both promoters and external investors underscores confidence in our business model and future outlook.

    We are also pleased to secure this order from a reputed India-based wagon manufacturer, reflecting the trust in our capabilities and product quality. The supply of cast steel blocks, including austempered variants, aligns with our core strengths, and we are confident of timely and efficient execution.

    With strong momentum in the wagon manufacturing sector and our RDSO certification, we are well-placed to cater to the growing demand for precision-engineered castings. Our continued investments in technology and process excellence further strengthen our competitive edge. We remain focused on delivering high-quality products, deepening industry relationships, and creating sustained value for all stakeholders.”

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  • Seclore Launches ARMOR AI-DLP to Enable Safe Enterprise AI Adoption

    Seclore Launches ARMOR AI-DLP to Enable Safe Enterprise AI Adoption

    New product gives organizations a governed path to using AI with sensitive data, with full data sovereignty, compliance coverage, and integration into the ARMOR data security intelligence platform

    Mumbai (Maharashtra) [India], May 8: Seclore, the Data Security Intelligence company, today announced the general availability of ARMOR AI-DLP to help enterprises safely adopt AI without losing control of sensitive data. By addressing the operating model legacy data loss prevention was not built for: sensitive data moving at AI speed, through AI workflows, across AI tools around the world, CISOs can meet their board’s AI acceleration directives by enabling the sanctioned use of public AI tools, like ChatGPT, Claude, and Gemini, and deploying, AI applications, RAG pipelines and agentic AI systems, without compromising data sovereignty, regulatory compliance, or operational control.

    AI-DLP identifies sensitive data at the interaction layer in real time between users and applications on one end and AI agents and models on the other, masking it in a bi-directional manner using context-preserving tokenized values before the data reaches any model. The AI can fully reason over the masked data and return results, while real values remain secured within the enterprise environment. On the way back, when the model returns the response, the data is de-tokenized with the original values reinserted to provide complete, useful outputs.

    The product ships in two versions. ARMOR AI-DLP Portal: an enterprise gateway that gives the workforce sanctioned, audited access to public AI tools. Every prompt, every response, every user is logged. ARMOR AI-DLP API: lets engineering teams embed data masking capabilities directly into their own applications to safely access AI models, RAG pipelines, and agent workflows with no disruption to the user experience.

    “Enterprises are no longer deciding whether to use AI. That decision has already been made,” said Dr. Vishal Gauri, CEO of Seclore. “What has been missing is a way to use it with sensitive data without losing control. Policies do not operate at the speed or scale of AI. Protection has to happen in real time, at the point of use. ARMOR AI-DLP governs every interaction by design, so organizations can move forward with AI without introducing unmanaged risk.”

    Built for regulated industries and sovereign markets

    ARMOR AI-DLP supports on-premises and cloud deployments with full data residency control, ensuring sensitive data never crosses sovereignty boundaries through external API calls. The product maps to HIPAA Safe Harbor and Expert Determination standards, GDPR Article 32, India’s DPDP Act 2023, Saudi Arabia’s PDPL and SAMA requirements, UAE data protection regulations, CCPA/CPRA, and NCA ECC. Every interaction is logged with user identity, data type, policy applied, and AI destination, producing the audit-ready evidence regulators require.

    Part of a broader data intelligence platform

    As an extension of Seclore’s ARMOR platform, ARMOR AI-DLP connects to the full data lifecycle. Sensitive content discovered by ARMOR DSPM, classified by ARMOR DAC, and protected by ARMOR EDRM is now governed at the moment it interacts with an AI model. For existing Seclore customers, the product activates as a platform extension — organizations running DSPM, EDRM, or classification can apply their existing policy fabric to AI interactions without redeploying, an upgrade path unavailable through standalone AI security gateways.

    Organizations can learn more and schedule a demonstration at seclore.com/armor/aidlp.

    About Seclore

    Seclore is the Data Security Intelligence company for the era of enterprise AI, helping organizations turn data and AI risk into readiness. As people and AI increasingly read, generate, and act on enterprise data, traditional security models struggle to keep up. Seclore secures the data itself, enabling trust and control wherever people and AI work. Through context-aware intelligence that adapts as data moves across users, applications, clouds, and AI agents, Seclore allows organizations to confidently use, share, and scale AI without slowing collaboration or losing control. Learn more at seclore.com.

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